Market Viability Analysis for New Software

Open
Lamb Telecom
Denver, Colorado, United States
Owner
3
Project
Academic experience
60 hours of work total
Learner
Anywhere
Intermediate level

Project scope

Categories
Data analysis Market research Competitive analysis Customer segmentation Marketing strategy
Skills
research methodologies market trend consumer behaviour marketing strategies swot analysis market research data analysis new product development data collection purchasing
Details

Lamb Telecom is in the process of developing a new software product and seeks to understand its potential market viability. The project aims to conduct comprehensive market research to determine consumer interest and purchasing intent for the software. This involves identifying target demographics, analyzing competitors, and assessing market trends. The goal is to gather data that will inform Lamb Telecom's product development and marketing strategies. Learners will apply their knowledge of market research methodologies, data analysis, and consumer behavior to provide actionable insights. The project will focus on creating a structured approach to gather and interpret data, ensuring that the findings are relevant and reliable. By the end of the project, learners will have a clear understanding of the market landscape and potential customer base for the software.

Deliverables

The project will culminate in a detailed market research report that includes key findings, analysis, and recommendations. Deliverables include a summary of research methodologies, data collection instruments, and a presentation of the results. Learners will also provide a SWOT analysis and a list of potential marketing strategies based on their findings. The final report should offer clear insights into consumer interest and purchasing behavior, guiding Lamb Telecom's decision-making process.

Mentorship
Domain expertise and knowledge

Providing specialized, in-depth knowledge and general industry insights for a comprehensive understanding.

Skills, knowledge and expertise

Sharing knowledge in specific technical skills, techniques, methodologies required for the project.

Hands-on support

Direct involvement in project tasks, offering guidance, and demonstrating techniques.

Tools and/or resources

Providing access to necessary tools, software, and resources required for project completion.

Regular meetings

Scheduled check-ins to discuss progress, address challenges, and provide feedback.

About the company

Company
Denver, Colorado, United States
2 - 10 employees
Business services, It & computing, Technology, Telecommunications
Representation
Small Business

Lamb Telecom is a Colorado-based technology consulting firm specializing in voice and internet services. Although we primarily deal with these two specialties, Lamb partner's with more than 200 of the nations leading technology providers to offer solutions for Network/Voice, UC/Collaboration, Contact Center, Cybersecurity, Cloud Computing, Mobility/IoT/AI, SD-WAN, and Managed Services. We are carrier agnostic, meaning we are not partial to any provider, so our interests are aligned with your success and satisfaction!