Strategic positioning
Stand out from the competition with the right positioning strategy
For more than 30 years, our specialized team has been supporting companies in defining their strategic positioning by identifying the strategic angle and relevant value propositions to adopt for their activities, in order to differentiate them in their target market and provide them with a sustainable competitive advantage.
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The key success factors of a strategic positioning
Defining a clear strategic positioning is key to ensure the success of a new activity, product or service. It highlights the differentiating factors that will make the concept stand out from the competition. Defining a strategic positioning requires consideration of several key success factors:
Identifying the unmet need is crucial in the definition of the strategic positioning as it helps to define the target population or users or patients, to refine the differentiating factors, and orientate the lifecycle management. A clearly segmented user profile or patient population will give you an edge by facilitating price negotiation and making education more efficient to drive adoption. Highlighting the differentiating factors sets your product apart from the existing solutions and presents it as the best choice on the market. The identification of adjacent needs that can be solved by your product will drive growth through use or indication extension.
What needs my product can solve? How does my proposed solution solves the users’ problem? What are the particular needs in the market none of the current solutions answer?
In the process of defining the strategic positioning of a product or a service, engaging with industry professionals and key opinion leaders will help to refine the value proposition. To confront the vision of the company to the perception of the users or prescribers allows to drive a better adoption of the product once commercialized or approved. However, specifically in healthcare, to maximize compliance, it is also important to gather patient communities’ feedback on their perception of the product, there preferences, and the remaining unmet needs.
How will my customers actually use this product? How can I maximize the value of the product for users? To what extent does the envisioned positioning fits the need of the clients?
To ensure the commercial viability of the product, it is also important to engage with regulatory bodies and payers to understand their vision of the needs, establish how the product can fit in the therapeutic portfolio and what evidence would be needed for approval and reimbursement. Engaging early on with regulatory bodies allows also to anticipate the LCM development and integrate surrogates and post-hoc analyses in the clinical development of the product.
What clinical endpoint will I be asked for to ensure market authorization? What is the level of priority of my indication in the mind of payers?
How we support you in the definition of your strategic positioning
Alcimed has developed a real know-how in defining strategic positioning for both private and public players. Such projects may require a strategic audit in order to better understand the internal and external environment of the structure, and always include a quality dialogue with all stakeholders in order to co-construct a winning positioning strategy, ambitious and realistic at the same time.
What they say
"When you define a strategy, you don't have all the answers, and sometimes even not all the questions!"
Fabien DELAERE
Impact Valuation Director, Healthcare Department
Examples of recent strategic positionings carried out for our clients
Definition of a pharmaceutical company’s positioning and value proposition for hospital services
The “specialty medicine” branch of a pharmaceutical laboratory, which includes all the products intended for hospitals, wanted to develop its “beyond the pill” service offer for doctors.
We interviewed a panel of potential customers to understand their expectations of the services being considered, prioritized them to select the three most relevant in terms of value to customers but also in terms of the legitimacy of the pharmaceutical company.
For each selected service, we defined a strong value proposition, which allowed us to align the development of the new service with our client’s product, overall strategic positioning, as well as give meaning to its field teams.
Building a positioning strategy for a French territory in the healthcare sector
A French region asked us the following question: how can we define a strategic positioning in health that generates value for the region’s players, is appealing to attract new activities and even new companies, and differentiates from other existing health clusters in France? To do this, we diagnosed the region’s strengths and weaknesses, carried out a benchmark of similar clusters in France and internationally in order to both differentiate ourselves from them and identify good practices to be replicated, and led a multi-stakeholder workshop at the regional level.
In the end, we came up with an original market positioning, combined with ambitious regional economic development goals, and co-constructed a roadmap shared with all the players involved.
Definition of the strategic positioning of a leading aerospace company in the autonomous vehicle market
The development of autonomous systems has been a strategic aspect for the aeronautics market for several years.
Alcimed assisted the management of an aeronautical equipment manufacturer in the choice of the best strategic positioning for autonomous vehicles. To do so, our team identified current technological developments, carried out a positioning study of direct competitors and other players along the value chain, and assessed its customers’ expectations and level of maturity in terms of autonomy.
Our exploration also looked at the limits from a regulatory and certification point of view to finally define a concrete action plan enabling our client to become a key player in tomorrow’s aviation solutions.
Definition of the strategic market positioning of an antimicrobial protection technology in the hygiene and health sector
We assisted an industrial client in the development of its antimicrobial protection technology on a new market. Until then used in a variety of markets (food processing, textile industry, automotive, …) and for many applications, our client wanted to position its technology in the hygiene and health sector, finding a strategic positioning that would allow the company to establish itself in this new market.
After a detailed mapping of the value chains of the new targeted sectors and a competitive analysis, our team identified and co-selected with our client priority market segments, then tested the market receptivity, needs and expectations of prospects.
This comprehensive analysis allowed our client to decide on a strategy to prioritize its market approach: which segment, which sub-segment, in which order of priority,… and to build a value proposition and a commercial approach to differentiate itself from the competition.
Definition of the strategic positioning of a clinical stage asset for a pharmaceutical player
Our team supported a pharmaceutical company in the definition of the strategic positioning for a clinical stage asset.
We investigated the unmet medical needs in a complex therapeutic area of interest by interrogating KOLs in the US and in Europe to understand the extent with which the asset could help HCPs and patients. Additionally, we performed an analysis on the potential threats establishing a product on an adjacent indication could pose.
In the end, our team provided our client with a bold recommendation on the strategic positioning of the product to maximize its value proposition while mitigating the risk of competition.
Development of a client’s positioning and business case for using modified human protein for the treatment of heart failure
Alcimed worked with a healthcare player to develop its positioning and business case for using a recombinant human enzyme in the treatment of heart failure.
Across the US, EU, and Japan, we determined the competitive landscape for our client’s protein and performed scenario planning on peak sales and net present value. Our assessment was done through an in-depth investigation into heart failure and the unmet medical need from current treatment strategies.
In the end, our team provided a detailed accounting of pre-clinical products in current pipeline of competitors and estimates on potential revenue, to provide the client recommendations on whether to move forward into subsequent animal studies. The exploration of this topic assisted our client in prioritizing which programs in their pipeline to advance for further development and in defining its strategic positioning.
Definition of new revenue models of two extension markets for a biotech player
Alcimed assisted an international biotechnology player in estimating potential revenue models corresponding to the identified extended markets for two diseases, to be better prepared for future discussions with potential investors.
We conducted extensive research on both diseases to build the potential revenue models of the two extension markets. Scenario planning of peak sales for the extension markets were performed via interviews with key opinion leaders in both disease fields and analysis of best available data.
On this basis, our team was able to assess our client’s financial opportunity and risk associated with both extension markets and provide insight on what strategic positioning to determine and the key factors needed to achieve success.
Deciphering of the pricing models of algorithms in the digital pathology software market
Alcimed assisted an international software manufacturer to understand the pricing models they can employ to define their strategic positioning and be competitive in diagnostics algorithm for digital pathology.
To help our client understand the current value proposition of players in the field and define the ideal value proposition for their algorithm, we investigated the unmet needs and receptivity to the potential digital pathology offer. This investigation was conducted across the US and EU and targeted a representative sample of varied laboratories and key stakeholders for discussions.
Through this investigation, our team delineated the current pricing practices and the likelihood that particular pricing strategies would either encourage or hinder the adoption of new digital pathology algorithms. Our client’s short- and long-term product enhancements were also defined in order to implement their preferred pricing strategy.
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Founded in 1993, Alcimed is an innovation and new business consulting firm, specializing in innovation driven sectors: life sciences (healthcare, biotech, agrifood), energy, environment, mobility, chemicals, materials, cosmetics, aeronautics, space and defence.
Our purpose? Helping both private and public decision-makers explore and develop their uncharted territories: new technologies, new offers, new geographies, possible futures, and new ways to innovate.
Located across eight offices around the world (France, Europe, Singapore and the United States), our team is made up of 220 highly-qualified, multicultural and passionate explorers, with a blended science/technology and business culture.
Our dream? To build a team of 1,000 explorers, to design tomorrow’s world hand in hand with our clients.
When it comes to developing a new business, creating a new activity or a new sector, capturing value in a market or an ecosystem, it is necessary to define the strategic positioning to adopt in this environment: what will be the targets? What will be the value proposition? What will be the differentiating asset compared to competitors or similar entities? What ambition should be targeted? All these questions are related to strategic positioning. Defining it helps to give meaning and coherence to future actions, to align teams and stakeholders towards the same objective and to maximize the chances of success.
For markets with already commercialized products, a value curve analysis is extremely helpful for defining strategic positioning.
- Define all the key features desired by the end user;
- Score them based on how much each feature matters to the end user;
- Plot how well each competitor’s features answer the end user’s needs;
- Plot how well your proposed solution can answer the end user’s needs;
- Evaluate where the gaps are for your proposed product compared to your end user’s needs and the competition.