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What Is Product Go-to-Market Strategy?
A Product Go-to-Market (GTM) Strategy is a plan for introducing a new product to the market and making it available for purchase by customers. The Product GTM Strategy outlines the steps that need to be taken to successfully bring the product to market, including market research, product development, pricing, distribution, marketing & promotion, and sales.
The GTM Product Launch Strategy should be tailored to the specific product and target market—and should take into account the competitive landscape and the overall business goals. The goal of the Product GTM Strategy is to effectively introduce the product to the market and drive demand for it, leading to increased sales and revenue.
In formulating a Product Launch Strategy, there are numerous important strategic analyses and considerations, including:
Strategy Frameworks Blue Ocean Strategy Strategic Analysis Core Competencies Market Entry Example Competitive Analysis Competitive Advantage Market Research SWOT Customer Segmentation Breakout Strategy Strategy Development Example Vision Statement Market Sizing Value Proposition Platform Strategy Strategic Planning Growth Strategy Pricing Strategy Strategy Development Product Strategy Product Launch Strategy Strategy Deployment & Execution Marketing Plan Development Value Chain Analysis
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