Question: Business Units far, we need to start thinking about how the Early Majority views and uses the product. Lakshmi How would you recommend addressing this

Business Units
far, we need to start thinking about how the Early Majority views and uses the product.
Lakshmi
How would you recommend addressing this market segment?
LuElla Warren
Advertise and sell to Fortune 500 firms.
Lakshmi
Why is this the best option?
It reduces our R&D expenses.
It helps us cross the chasm.
It sets us up well for a buyout.
Cloud Call
Cloud Call
Mobile-first, cloud-first telecommunications platform
VOIP (voice over internet protocol)
Mobile App
Text messaging/Voicemail across web and app
Centralized call management direction
Launched 4 years ago
14% of corporate revenue
Business unit revenue has grown 30% per year
Cloud Communications Industry
No company has more than 8% of the market
Cloud Call is 12 th in market share in the industry
Industry revenue is 22% higher than last year
Major Trends
Services vary widely between different competitors
Typical consumer is a startup or small firm
The average age of a firm in the industry is 1.8 years old
 Business Units far, we need to start thinking about how the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!