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- Stop kidding yourself. Everyone knows it's a Dog.
Stop kidding yourself. Everyone knows it's a Dog.
December - It's time to sacrifice some sacred Dogs. Reduce your focus for 2025 and concentrate on where you can make impact.
You’ve been carrying that dead product all of 2024 (and probably in 2023, 2022 and 2021 before that). Pumping budget into it, trying to defibrillate it into life….and it’s just not working.
With just a month to go until 2025, it’s time to kill some sacred cows Dogs, and start 2025 slimmed down and focussed.
Yes - that’s right, this week it’s time to dust off the Boston Consulting Group Matrix and start plotting your products/solutions on it.
How do you know it’s a dog?
Secure buy-in from the rest of the organisation?
Inevitably, the marketing and sales teams know which products are Dogs (without even doing the quantitative analysis). They’re the products that are an uphill battle to position to clients. But normally, a Dog that is refusing to die is a pet project of an influential executive.
One tactic is to quietly shift all campaign budget and team time away from a Dog…but the right thing to do is to tackle it head on and get broad buy-in as to why your organisation needs to stop working on the Dog.
The market share/market growth analysis from the Boston Matrix is a good starting point, but it’s worth also presenting the holistic view, by stack ranking all of your solutions by:
Profitability
Revenue
Marketing spend ROI
Customer NPS / satisfaction / usage
Inevitably the Dogs are unprofitable, unliked by clients and deliver terrible ROI from marketing spend.
Holidays Strategic Time
Looking for a book to read over Christmas? Chris Kocek’s book Any Insights Yet? only takes about 2 hours to read, in it he covers:
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