What is whitespace strategy?

What is whitespace strategy?

A white space is where the unspoken, unmet needs of customers are discovered in order to spark innovation. It’s a business process used to uncover opportunities, like new audiences and product improvements.

What are some examples of disruptive innovations?

12 Examples of Disruptive Technologies that You Need to Know

  • Video streaming. Video streaming is a clear example of the importance of accounting for disruptive technology.
  • Digital transport services.
  • Virtual reality.
  • Online lodging.
  • Music streaming.
  • Cross-platform instant messaging apps.
  • Online encyclopedias.
  • Augmented reality.

What does whitespace mean in consulting?

White space is the gap between what products or services your customer has invested in, and the other products or services that your company or business has to offer.

What is meant by whitespace?

Definition of white space : the areas of a page without print or pictures.

What is whitespace analysis?

White space analysis is the process of digging through the sales data to hunt for new white space opportunities for cross-selling and up-selling. White space is essentially a gap that a business can use to scale its revenue with its products.

Which is the best example of disruptive innovation?

An example of disruptive innovation is the introduction of digital music downloads, which have, by far, replaced compact discs (CDs). Clayton Christensen popularized the idea of disruptive innovation in the book The Innovator’s Solution, which was a follow up to his The Innovators Dilemma published in 1997.

What is another term for white space?

white spacenoun. Synonyms: whitespace character. white spacenoun. White area between written characters and graphic regions on a produced page or computer display; blanks and the vertical blank lines in between paragraphs, or other organized rows of text lines (poetry).

What is whitespace in Salesforce?

Whitespace means accounts that you can revisit to create new business.

What is the difference between space and whitespace?

In the added context to your question, a space is ascii 32 (that is, what you get when you press the spacebar). A whitespace is any character that renders as a space, that is: A space character. A tab character.

What is white space strategy?

White Space Strategy – The Growth Consultancy GROWTH STRATEGIES BUILT TO WORK IN PRACTICE We use proprietary research and analytics to identify market ‘white space’ and unlock growth opportunities. We show you how to make growth happen, at pace.

How to find the “white space?

As the above diagrams explain, the first strategy in finding the “white space” is leveraging the in-between of two industries or ideas that have big markets, are relatable but are not currently associated with one another. Tesla was able to successfully incorporate this strategy by developing a sports car that was electric for a high-end buyers.

What is “white space” for startups?

This is the “white space” for entrepreneurs and startups — a sweet spot for disruption, because it requires minimal resources to compete, has little investment from industry incumbents, and low levels of competition. How big this gap or “white space” is, usually, determined by the confluence of these markets at a given time.

Why is discontinuity so difficult for large organizations?

This discontinuity often becomes problematic for large organizations who have spent millions implementing business processors or customers who have grown accustomed to a certain product or service. Thus the initial trigger response by most in this disposition is resistance, skepticism and trepidation.

Related Posts