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What is monopsony market?

What is the difference between market maturity, market readiness, market viability, market entry, market traction and market proof/validation?

  • And what are other words for the readiness, traction and confirmation/validation/proof of startup business models? More keywords: marketable marketability ready for the market market maturity market viability market feasibility market potential market opportunity

  • Answer:

    How I see the logic (click on the image) Technical readiness: New technology is ready to be used by a new startup (technology trigger, proof of concept) commercial viability is unproven Market opportunity: A new market could be created via the new technology or the new technology could disrupt an existing market Market maturity: ? Market readiness: People are able to use the new technology, because of enough market share of an underlying technology (platform readiness) Business readiness: A startup team has been formed and could be funded and has developed a prototype based on the new technology Product readiness: The startup team has developed a beta or gamma version Market entry: The new product is ready to be given to people (product launch) Market traction: There are early adopters using the new product (social proof?) Market proof: The market validation is in the traction - A growing number of people (gaining market traction, momentum with early majority) is using the product (success as a new product, commercial viability is proven) Please tell me, what you think of my visualization!

Christoph Möller at Quora Visit the source

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Market entry is building an app and launching it to a limited or global public set - it could have any number or quality of features - as long as it is out there, it has entered the market. Market readiness is the product builder's view of the product at the time of introducing it to the market - making sure it has the right set of features to be usable and not have any major blocking limitations for a majority of the target user segment. Market traction is when people start using the product that has been entered into the market. Market proof/validation is when the traction builds up to the point of getting the attention of competitors, media, etc. in that industry.

Anand C Ramanathan

A simplified, perhaps an oversimplified, answer: Market readiness: People are ready to use/buy the stuff. Market proof: People are already using/buying the stuff. Market entry: I am ready to sell my stuff to people. Market traction: People are using/buying stuff.

Chirag Mehta

If product is not ready, there is no market entry; and if product isn't getting traction, there is no market proof.

Ian Cheng

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