Brainstorming Flashcards
How to increase revenue streams
Grow current revenue sources
Find new revenue sources: products/services/channels/customers? (think about all potential customers)
Other ways to grow revenue: brand extension/M&A
Brainstorming all possible costs
Put yourself into the shoe of the company - Fixed/variable + costs to make/sell/admin
For processes/services:
Split the value chain and be specific
Reasons for competition/decrease in prices
Threat of new entrants?
Bargaining power of suppliers to dictate terms such as pricing, quality, availability of materials?
What is the bargaining power of customers?
Likelihood of customers finding substitute products?
Existing rivalry between competitors?
Brainstorming risks
Risks of not working/risks of something working
Market risk/Regulatory Risk/Operational Risks
Brainstorming mergers/consolidation - synergies
Revenue synergies: volume/price
Cost synergies:
Distribution costs: real estate
IT costs: IT usage and development
Marketing costs: less marketing costs due to lower competition
Corporate: layoffs (personnel and office space)
Financial: cheaper borrowing costs
Brainstorming barriers to entry
Use a process structure on how something ends up being sold to see where barriers can pop up
Brainstorming organizational problems
People/processes/systems
Brainstorming how to decrease Churn
Look at reasons for Churn - 3 Cs
How to grow market?
use market sizing structure