Strategic Go-to-Market Execution for Early-Stage Technology Startups Through Customer Validation, Market Positioning, and Market Adoption

Authors

  • Yejide Rasheedat Alli

    Technology, Entrepreneurship and Design, Nigerian University of Technology and Management
    Author
  • Elizabeth Ope

    Faculty of Economics, Business and Tourism, Universidad de Alcalá, Madrid, Spain
    Author
  • Victoria Akiije

    Technology, Entrepreneurship and Design, Nigerian University of Technology and Management, Lagos, Nigeria
    Author
  • Ifeoluwa A. Ojo

    Department of Psychology, Faculty of Social Sciences, Redeemer’s University, Ede, Osun State, Nigeria
    Author
  • Oyindamola Adejumobi

    Faculty of Law, Osun State University, Ifetedo, Osun State, Nigeria
    Author
  • Aniedi Ojo

    Department of Banking and Finance, University of Calabar, Cross River State, Nigeria
    Author

DOI:

https://doi.org/10.4314/

Keywords:

Customer Validation, Early-Stage Startups, Go-to-Market (GTM) Strategy, Market Adoption, Market Positioning

Abstract

This paper explores the “build it and they will come” mentality that often results in market failure for technology startup businesses in their early stages of development, yet they are often brilliant technologically. To solve the paradox between product development and commercialization, this study investigates a strategic go-to-market (GTM) triad comprising of intensive customer validation, a clear market positioning and systematic market adoption. The study brings together all those ideas, as well as the Lean Startup model, the Diffusion of Innovations curve and the Jobs-to-Be-Done approach, and turns them into a stage-gate GTM roadmap, actionable and formulated to help founders avoid premature scaling; to help map engineering roadmap to buyer needs; and to help create a roadmap for predictable, sustainable growth. Furthermore, the results provide a set of guidelines for commercial readiness for VC and Angel Investors in their due diligence process.

 

Author Biographies

  • Elizabeth Ope, Faculty of Economics, Business and Tourism, Universidad de Alcalá, Madrid, Spain

     

     

  • Oyindamola Adejumobi, Faculty of Law, Osun State University, Ifetedo, Osun State, Nigeria



  • Aniedi Ojo, Department of Banking and Finance, University of Calabar, Cross River State, Nigeria



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Published

2024-12-29

How to Cite

Strategic Go-to-Market Execution for Early-Stage Technology Startups Through Customer Validation, Market Positioning, and Market Adoption. (2024). Communication In Physical Sciences, 10(3), 307-321. https://doi.org/10.4314/

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