Appearance | How does the customer judge the appearance of your product versus the alternative? |
Function | Does your product work better than the alternatives? |
Durability | Will your product last longer than others? |
Service | Will your product require less routine service than the competitors? |
Price | Do you have a price advantage? |
Existing Competition | Is there a serious competitive threat in the market already? |
New Competition | Can you anticipate significant, new competitive elements in the near future? |
Protection | Does there appear to be a potential to protect your product through patents, trade secrets or other means in a way that is commercially worthwhile? |
Stage of Development | How much additional effort and resources are required to bring your product to a marketable or a license ready state? |
Research and Development | What magnitude or complexity of applied development will be required to sustain your product in the marketplace? |
Marketing Research | What magnitude of effort will be required to define the product, place, price and promotion that the whole marketing channel finds acceptable? |
Marketing Investment | Is a much larger investment required to bring the product to market? |
Payback Period | Is the time required to recover your investment shorter than the peak demand threshold? |
Profitability | Is there real potential to generate adequate profits to make the venture viable? |