The Red Queen's race is an incident that appears in Lewis Carroll's Through the Looking-Glass and involves the Red Queen, a representation of a Queen in chess, and Alice constantly running but remaining in the same spot.
Alice: "Well, in our country, you'd generally get to somewhere else - if you run very fast for a long time, as we've been doing."
Queen:"A slow sort of country! Now, here, you see, it takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!
The book take this metaphor to the business world. It shows what are different opportunities to increase revenue in current economic conditions. In the book, we will see how to capitalize on these opportunities by putting together an innovative selling framework that uses multiple channels to reach target markets in a cost-effective way. In particular, the framework will show how to:
- launch new products aimed at specific market segments
- step up demand generation and customer acquisition programs
- establish new partnerships and revenue-sharing agreements
- expand your geographic presence by recruiting new partners
- revamp digital sales channels
- restructure or expand your channel distribution
Red Queen Effect
by: Kamran Qamar
Table of Contents
- Red Queen Effect – An Introduction
- The Billionaire Code
- Cracking the Code
- Implementation Plan
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- Renovation or Innovation?
- Implementation Process
- Baseline Current Go-To-Market Activities
- Protect & Renew
- Plan for New Sales
- Targeting the Right Market
- Market Segmentation
- Prioritizing Target Markets
- Align with Your Customers
- Example of Customer Experience Mapping
- Mapping Customer Experience
- Drawing Customer Persona
- Customer's Moments of Truth
- Identifying Appropriate Levers to WOW Customers
- Establish Channels to Deliver the WOW Experience
- Market Coverage Maps
- Economic / Revenue Modeling
- Building Partner (Indirect) Sales Channel
- Building Organizational Capabilities
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- Build the management team
- Define the role of the channel partners
- Establish the scope of the indirect (partner) channel
Establish the polices under which the indirect (partner) channel will operate
- Partner Selection & Enablement
- Channel Productivity