Market Validation
Executive Summary Video
The Appleton Greene Corporate Training Program (CTP) for Market Validation is provided by Mr. Christie MBA BS Certified Learning Provider (CLP). Program Specifications: Monthly cost USD$2,500.00; Monthly Workshops 6 hours; Monthly Support 4 hours; Program Duration 24 months; Program orders subject to ongoing availability.
Personal Profile
Mr. Christie, MBA, BSc, is a Certified Learning Provider (CLP) at Appleton Greene. He has experience in marketing, management and human resources. He has achieved a Masters of Business Administration and a BSc in Wildlife Biology. He has industry experience within the following sectors: Life Sciences, Biotechnology, Healthcare, Technology and Telecommunications. His Program is available within the following countries: United States of America, Australia, Canada and the United Kingdom, or more specifically within the following cities: San Francisco CA, Boston MA, Melbourne AU, Toronto ON and London UK. His personal achievements include: Baxter Area Manager-of-the-Year for three consecutive years, doubling revenue in a flat market; restructured Medigas and reduced operating expenses by 25%; became Laidlaw’s third-ranked market in North America with 16.5% RONWA; reduced VSM Medtech manufacturing times from 18 months to eight; and quadrupled revenues while increasing profits 12-fold at Pyng Medical Corp. His service skills incorporate: go-to-market strategy, market validation, market assessment, technology commercialization and marketing strategy.
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(CLP) Programs
Appleton Greene corporate training programs are all process-driven. They are used as vehicles to implement tangible business processes within clients’ organizations, together with training, support and facilitation during the use of these processes. Corporate training programs are therefore implemented over a sustainable period of time, that is to say, between 1 year (incorporating 12 monthly workshops), and 4 years (incorporating 48 monthly workshops). Your program information guide will specify how long each program takes to complete. Each monthly workshop takes 6 hours to implement and can be undertaken either on the client’s premises, an Appleton Greene serviced office, or online via the internet. This enables clients to implement each part of their business process, before moving onto the next stage of the program and enables employees to plan their study time around their current work commitments. The result is far greater program benefit, over a more sustainable period of time and a significantly improved return on investment.
Appleton Greene uses standard and bespoke corporate training programs as vessels to transfer business process improvement knowledge into the heart of our clients’ organizations. Each individual program focuses upon the implementation of a specific business process, which enables clients to easily quantify their return on investment. There are hundreds of established Appleton Greene corporate training products now available to clients within customer services, e-business, finance, globalization, human resources, information technology, legal, management, marketing and production. It does not matter whether a client’s employees are located within one office, or an unlimited number of international offices, we can still bring them together to learn and implement specific business processes collectively. Our approach to global localization enables us to provide clients with a truly international service with that all important personal touch. Appleton Greene corporate training programs can be provided virtually or locally and they are all unique in that they individually focus upon a specific business function. All (CLP) programs are implemented over a sustainable period of time, usually between 1-4 years, incorporating 12-48 monthly workshops and professional support is consistently provided during this time by qualified learning providers and where appropriate, by Accredited Consultants.
Executive summary
Market Validation
The Market Validation Program (MVP) has been developed and updated over decades. It is intended for any company that needs to validate its go-to-market plan. The emphasis in MVP is learning by doing, drawing off numerous well-respected authors and utilizing well-proven management tools, including Steve Blank’s customer discovery process, Osterwalder & Pigneur’s Business Model Canvas generation and testing, Eric Ries’ Minimum Viable Product/Service, Geoffrey Moore’s market segmentation, positioning statement and value propositions, and others, for a total of 24 modules. Although originally intended for startup information technology companies in the eighties, it has proven to be applicable to virtually any industry type at any stage, provided the participant has a genuine interest in revisiting their sales and marketing programs and dramatically increasing their revenues.
Through personal experience, delivering the full 24-hour program to hundreds of companies across the continent, I have discovered that everyone can benefit substantially by applying the 24 core concepts to their business opportunity. The payback for their time and money invested is incremental revenue. With the involvement of mentors, or consultants, who have relevant experience, the learning process is greatly enhanced. In summary, what I have learned over the past decade is that a business person pursuing an entrepreneurial opportunity, supported by an experienced mentor/consultant, using the tools provided in the Market Validation Program, will see the holes in their go-to-market approach, fill those holes by applying the MVP principles, and dramatically increase their revenue in short order.
The Market Validation Program is designed to facilitate learning by doing, so that each company participant can apply the principles to enrich their business opportunity. Each module in The Program can be easily delivered in one six-hour session and the client then has one month to work on implementing the core concepts in their actual business setting, with the support of Appleton Greene and their Accredited Consultants. Therefore, the total elapsed calendar time for the full 24-module MVP will be 24 months. This is ideal and allows the client companies to learn, implement and experience each of the modules over the month between each module as instructed by Appleton Greene. The Program is intended to be industry agnostic and to be applicable regardless of the age and stage of the company. All that is required is that participants must bring a significant business opportunity to the Program and be willing to apply the principles to provide a fresh perspective on their opportunity. They need to believe they can dramatically improve revenues by working the Program. Although we cannot guarantee success, we can make a compelling argument for why the time and money spent on the Program should result in success. In the words of one participant: “My return on investment by participating in this Program is easily in excess of 1,000%.”
Although MVP is applicable to virtually any business setting, it is also open to customization, with modules that can be added, subtracted or modified according to client requirements. The overall objective of MVP is to validate the client’s go-to-market plan and improve revenue by leveraging the knowledge and skills from the Program. MVP has been proven in over ten North American geographic markets from coast to coast, with dozens of industry types, and with companies at pre-startup, start-up, “rev-up” (a dramatic revenue increase), market expansion, restart or other stages of company development in the market. The MVP concepts may be applied to new company startups or to division startups within an existing corporation.
It is conceivable that MVP may become industry specific. For example, the current vision is to offer a Life Sciences Program that would still be broadly applicable, as the industry itself is, but also somewhat tailored to some of its uniqueness, such as the heavy federal regulatory burden it carries. Based on this natural evolution, we may then extend this to other industries, such as wireless, iOT, technology, environmental/clean-tech or whatever seems most relevant. Enhancing the program to provide industry specifics is not that difficult, since much of this turns on providing appropriate examples and having consultants to mentor or teach, who have the requisite industry experience.
Curriculum
Market Validation – Part 1- Year 1
- Part 1 Month 1 Introduction & Overview
- Part 1 Month 2 Market Type
- Part 1 Month 3 Positioning Statement
- Part 1 Month 4 Market Segmentation
- Part 1 Month 5 Positioning Details
- Part 1 Month 6 Value Propositions
- Part 1 Month 7 Return on Investment
- Part 1 Month 8 MVP
- Part 1 Month 9 Opportunity Size
- Part 1 Month 10 TALC
- Part 1 Month 11 Customer Development
- Part 1 Month 12 Ideal Customer
Market Validation – Part 2- Year 2
- Part 2 Month 1 Customer Discovery
- Part 2 Month 2 Sales Process
- Part 2 Month 3 Funnel Filling
- Part 2 Month 4 Business Model
- Part 2 Month 5 Company Pitch
- Part 2 Month 6 BMC Presentations
- Part 2 Month 7 BMC Testing
- Part 2 Month 8 Goals & Plans
- Part 2 Month 9 Critical Path
- Part 2 Month 10 OPP
- Part 2 Month 11 MV Journey
- Part 2 Month 12 GTM Plan
Program Objectives
“A fledgling business is far more likely to succeed when an idea, good business plan, and an entrepreneur are matched with mentors who have proven experience.” Founders, MIT Venture Mentoring Service. This captures the essence of what the Market Validation Program (MVP) is all about. MVP is modeled after the MIT service. If you delete the word fledgling, then you have any business that wishes to significantly improve revenue. If you replace entrepreneur with business person, then you have anybody who wants to enhance their revenue. If you replace mentors with Appleton Greene Consultants, then you have AGC’s MVP: “Any business is far more likely to succeed w