PGDM507 PDM2023 Session 11 on Saturday, 11 11 2024


Summary

The video delves into various aspects of entrepreneurship and innovation, focusing on market segmentation, targeting, and key concepts like TAM, SAM, and Beach Head Market. It touches upon creating value for customers through customer persona development and product specifications. Additionally, the discussion extends to strategic approaches such as the Blue Ocean Strategy, diversification, and market development strategies to enhance value delivery. Moreover, it explores customer acquisition and retention strategies, emphasizing the importance of understanding customer lifetime value and cost-effective sales strategies.


Introduction to Entrepreneurship

Discussing entrepreneurship, innovation, invention, and market segmentation.

Market Segmentation and Targeting

Exploring market segmentation, targeting, and key concepts like TAM, SAM, and Beach Head Market.

Value Creation and Customer Persona

Discussing creating value for customers, customer persona, and product specifications.

Blue Ocean Strategy and Diversification

Exploring the Blue Ocean Strategy, diversification, and market development strategies.

Value Delivery and Customer Acquisition Cost

Discussing value delivery, customer acquisition cost, customer lifetime value, and customer acquisition strategies.

Marketing and Sales Strategies

Understanding the difference between marketing and sales, advertising costs, and customer acquisition strategies.

Conversion Rate and Quality of Leads

Exploring conversion rate, quality of leads, and cost-effective sales strategies.

Business Model Development

Discussing business model development, customer-centric approaches, and inbound marketing strategies.

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