Forecasting of Most Profitable
Markets for CFT Products and Services
A strong case can be made that market forecasting should be the foundation of a
business program and not a peripheral tool. In order to become the foundation of
the business model it is necessary to generate the most reliable Most Profitable
Market forecast (MPM). This forecast needs to include projected unit sales,
price, unit margins and gross profit. How can anyone argue against Utopia? These
forecasts will determine where R&D, sales, and marketing efforts need to be made
and at what investment. The salient argument against this approach is that it is
impossible or impossibly expensive.
While perfection may not be possible a very high value MPM forecast can be
achieved because of
·
the
huge amount of digital information available
·
the
rapid development of process management software and data analytics
McIlvaine can
help organize all of this data for you for any CFT product or service
Forecasting of Most Profitable Markets for CFT Products and Services