Question

Topic: Strategy

Non-traditional Market Sizing Information

Posted by Anonymous on 125 Points
What have you found to be the most effective method of sizing opportunities relative to solving a particular problem with technology?
To continue reading this question and the solution, sign up ... it's free!

RESPONSES

  • Posted on Accepted
    Leegibbons,

    I'm with gerardodada. I think your question needs to be clarified a bit. But, I'll assume that you're talking about ROI?

    The best way to determine ROI is to examine what it would cost you NOT to act on a solution. Let's say that you have determined that, all told including time and resources, you're wasting $5,000/mo. on an out-dated solution. It wouldn't be unreasonable to consider investing in an alternate, more useful solution that would run you $6,000 a month.

    I say more than the $5,000/mo. because problem situations tend to get worse as time goes on and because due to human nature, we tend to grossly undervalue what a poor process is really, truly costing us.

    I hope that helps.

    -webchhk

Post a Comment