Showcasing Opportunity Assessments
I am a strong supporter of validating product ideas early on. That's why I am developing content and tools to help Product Managers and others to think through new ideas more formally and to arrive at go/no-go decisions with confidence.
A Growing Library of Completed Assessments
As part of this commitment to my customers and users, I am building a collection of Product Opportunity Assessments to share as examples. You may sample a few of them below.
The complete Assessment Library is available to Multi-Tool customers. Click here to learn more about the Multi-Tool and how to start your own assessments today.
Explore these items from our Assessment Library
Health care reform is rapidly necessitating innovation and implementation of new ways of doing business in a field that is not accustomed to rapid change at this scale. With these demands of the field, the tools and services that support the field through that change were not seen to be properly positioned to efficiently and effectively guide health care decision makers through the exciting but challenging times they are in. Leveraging the MultiTool, a product that would innovate along with the industry was found to be a "Go" to embrace the concept of innovation and introduce innovative means of content sharing and networking, to directly facilitate and lead to solution identification and overall business improvement.
Introhub was an idea hatched by founders experienced in B2B sales and enterprise software start-ups. Paul Maurer, a proven entrepreneur in Chicago, joined two partners and helped launch Introhub to disrupt the $8B B2B complex sale, appointment setting market. For the first time, Introhub allowed sales professionals to pay for introductions to qualified decision makers.
In response to increasing competitive pressure as well as broader expectations from more sophisticated, up market customers, our Sales leadership asked me to explore the viability of building a Microsoft Office plug-in to help Legal teams access a cloud-based clause library from familiar authoring tools on their desktop.
Warehouse optimization, or the strategic assignment of SKUs to pick locations based on their movement and other item characteristics to lower labor costs, was a niche that warehouse management system vendors were ignoring. Though competitors existed, Paul thought that a better designed, technically advanced solution could gain market share in a rapidly growing Supply Chain Management enterprise software market.
With hopes of starting a business that aligned with a passion for flying, Paul created Igojet to lower the cost of corporate jet travel. Igojet would act as a travel agent allowing customers to book private jet flights on a per seat basis, then efficiently broker for aircraft time with charter operators to satisfy demand. Demanding business travelers would have an efficient alternative at near commercial airline premium fares, while charter operators would have a new source of revenue for unused fleet capacity.
Despite the onslaught of big data, performance management largely remains a quantitative process. While many aspects of performance can be hard to measure it could be a valuable tool to managers to complement performance management with a quantitative skill assessment of their team. In addition, the spending for learning management systems, training, and compliance certification is very large, but do enterprises truly see a measured improvement in their skill competency? In completing the opportunity assessment from theProductPath, we were unable to find the natural buyer of this service within an organization and decided to put the idea on hold.
Early in 2014, Steven Jones of theProductPath thought about building a tool to help Product Managers create and manage their roadmaps. Using the 1-page assessment tool, he stepped through the questions and ultimately determined that his target user was a buyer without much of a budget. As a result, he has temporarily shelved the idea.
Small Potatoes is the brainchild of Griffin Caprio, a Chicago native with a strong technical background. After hearing the same struggles over and over from his clients in early-stage businesses he came up with the idea to help non-technical business leaders find good software developer talent.