Developing a go to market strategy for an assistive technology product
J.E. Passanha (TU Delft - Industrial Design Engineering)
Erik Jan Hultink – Mentor (TU Delft - Responsible Marketing and Consumer Behavior)
Ellis A. Van den Hende – Graduation committee member (TU Delft - Responsible Marketing and Consumer Behavior)
Karthik Mahadevan Karthik – Coach (Envision Technologies B.V.)
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Abstract
The number of visually impaired cases have been exponentially rising in recent time; there are 30Mil visually impaired people in Europe . This has lead to the creation of a big industry of assistive technology devices for the visually impaired community. Envision, a start-up developing artificial intelligence products for the visual impaired, wanted to introduce the new Envision Glasses. The project aims to develop a go to market strategy for the Envision Glasses. To answer this research question, the case study approach was used. Furthermore, Root's 1994 international market entry model was used as a framework. Thus, splitting the research question into two: first, what are the market dynamics that impact the business model, and secondly, what are the factors that influence the consumer purchasing behaviour. Multiple perspectives from the different stakeholders were gathered through qualitative and quantitative research. The final outcome of the project was a market entry strategy with a desired customer journey map that can be replicated across the markets selected.