Prefinals Flashcards
A consulting model that focuses on providing tailored solutions to customers.
Customer Solution Model
A model that closes out any niches where a competitor might find a position.
Profit Pyramid Model
A system where the product consists of multiple components, with one component providing most of the profits.
Multi-component System / Installed Base Model
A model that offers its product for free in order to make money on advertising.
Advertising Model
A firm acts as an intermediary to connect multiple sellers to multiple buyers.
Switchboard Model
A model where product research, development, and speed are the keys to success.
Time Model
A model where a company waits until a product becomes standardized, then enters the market with a low-priced, low-margin product that appeals to the mass market.
Efficiency Model
Desired Characteristics of Objectives (9)
- ‣ Quantitative
- ‣ Measurable
- ‣ Realistic
- ‣ Understandable
- ‣ Challenging
- ‣ Hierarchical
- ‣ Obtainable
- ‣ Congruent across departments
- ‣ Associated with timeline
