Method for determining the post-launch performance of a product on a market
View Patent ↗A method for determining the post-launch performance of a product on a market is provided. The method involves storing, in a database, collected data related to at least one key success factor associated with at least the market performance which is related to said product; storing, in a database, collected data related to unmet needs on said market; storing, in a database, collected data related to the propensity of a decision-maker to choose said product; and using a computer to calculate the future market share of said product based on said collected data, thereby determining said post-launch performance on said market. The method allows improved forecasting of the future performance of a product on a market and provides improved understanding, benchmarking, forecasting and strategic decision-making as regards the future sales of the product in question.
1. A method for determining the post-launch performance of a product on a market, comprising:
storing, in a database, collected first data related to at least one key success factor associated with at least a market performance which is related to said product;
storing, in a database, collected second data related to unmet product needs on said market;
storing, in a database, collected third data related to a propensity of a decision-maker to choose said product;
linking a computer to said databases; and
using a simulation model on said computer to calculate a future market share of said product based on said collected first, second, and third data, thereby determining said post-launch performance on said market.
2. A method according to claim 1 , wherein said calculating comprises multiplying a numerical value representing the collected data related to said unmet needs with a numerical value representing the collected data related to said propensity and with a numerical value representing the an existing market share of at least one further, competing, product.
3. A method according to claim 1 or 2 , wherein said collected data and a results of said calculating is made available for transmission to at least one user via a network such as an internet.