Project Title: Go-To-Market Strategy to grow Facility Management product line

Labelmaster

Details
Project Title Go-To-Market Strategy to grow Facility Management product line
Project Topics Growth Strategy Marketing Product Design & Development Sales & Business Development
Skills & Expertise Management Consulting Market Research Product Reviews
Project Synopsis: Challenge/Opportunity
This project is with Labelmaster and for more than five decades, they have been the go-to source for companies – big and small – to navigate and comply with the complex, ever-changing regulations that govern dangerous goods and hazardous materials.

From hazmat labels and UN certified packaging, hazmat placards and regulatory publications, to advanced technology and regulatory training, Labelmaster’s comprehensive offering of industry-leading software, products, and services help customers remain compliant with all dangerous goods regulations, mitigate risk and maintain smooth, safe operations.

Labelmaster's dedication to supporting its customers'​ operational and compliance needs is enhanced through its unmatched industry expertise and consulting services, which serve as a valuable resource for customers to answer difficult and commonplace regulatory questions. 

To learn more about this company, please visit the following links:
https://www.labelmaster.com/

https://www.youtube.com/watch?v=NqSOMt6e2Pc

https://www.youtube.com/watch?v=5EFsjw-JDWo

Project Overview:

Grow a neglected product line called Facility Management that includes a variety of non-core product categories ranging from Shipping Supplies, Signs, Spill, Accident Prevention Tags, Material Handling, GHS Training Products, Personal Protection Equipment, Lock Out Tag Out. 

Historically, best selling items include 
*T* ColdMark Freeze Indicators, Vermiculite Bags, 3Printed Tamper-Evident Seal tapes, Tip-N-Tells,
Fire Extinguishers (mostly sold through amazon which was a strategic decision to discontinue), Easy Cut™ Utility Knives and Replacement Blades, Danger Do Not Operate (or any personalized message) signs.

The challenge with this product line has been that it had many heterogeneous diverse non-core items that may be needed when shipping dangerous goods. Also there hasn't been a dedicated resource to this product line for a while and the product manager assigned to the product line left the company.
Project Synopsis: Activities/Actions Required
Research sales history, customers who have stopped buying and potential customers who could buy products or product categories within the product line. Do market research what competitors are offering in that product line and develop a go-to-market (GTM) strategy target market profiles, a marketing plan, and a sales and distribution strategy.
Project Synopsis: Expected Results
Provide an actionable go-to-market (GTM) strategy with tactics to grow the product line considering market dynamics. Get back to historic sales levels, achieve at least a 30% growth rate in sales.

Project Timeline

Touchpoints & Assignments Date Type

Initial Onboarding Information

Jan 02 2024 EST (UTC-05:00) Other

First Day of Classes & Academic Calendar

Jan 17 2024 EST (UTC-05:00) Event

Stevens Brand Guidelines

Jan 17 2024 EST (UTC-05:00) Other

Industry Capstone Program Webpage & Resources

Jan 17 2024 EST (UTC-05:00) Other

Student Pre-Kick-off Self-Assessment Form

Feb 10 2024, 23:59 PM EST (UTC-05:00) Evaluation

Student Temperature Check

Feb 23 2024, 23:59 PM EST (UTC-05:00) Evaluation

Midterm Presentation Information

Mar 18 2024 EST (UTC-05:00) Other

Midterm Presentation Submission

Apr 01 2024 EST (UTC-05:00) Action Item

Final Presentation Information

Apr 01 2024 EST (UTC-05:00) Other

Student Temperature Check

Apr 05 2024, 23:59 PM EST (UTC-05:00) Evaluation

Final Presentation Submission

May 14 2024 EST (UTC-05:00) Action Item

Student Post-Engagement Self-Assessment Form

May 14 2024, 23:59 PM EST (UTC-05:00) Evaluation

Industry Mentor Post-Engagement Team Assessment Form

May 17 2024, 23:59 PM EST (UTC-05:00) Evaluation