What is the Ansoff matrix?
Ansoff matrix template
Market Penetration
Market Development
Product Development
Diversification
How to run an Ansoff matrix workshop
The time required to construct an impact effort matrix depends on the organization, the size of the group, and the objectives of the session. However, there is no reason why you can’t brainstorm, prioritize, and develop a consolidated action plan in less than an hour.
Objectives
Define a clear, one sentence objective for the Ansoff matrix.
Brainstorm
Gather input and ideas.
Position
Review each of the products and position them in the correct quadrant, in priority order.
Action Planning
Identify action items for the highest top products in each quadrant. Create an action plan and assign responsibility for each issue to a group or individual for action.
Share and Communicate
Share and communicate the outcomes of the session, including the action plan to relevant stakeholders.
All Ansoff matrix workshops should begin by stating the objective of the session and ensuring all participants are clear on the scope so they can focus their efforts. Define the objective before the actual workshop to save time.
Ask your participants to populate the map under each heading. e.g. If the company normally supplies chocolates for teenagers, they way wish to take an existing product line and rebrand it for the adult market under Market Development.
Different methods for gathering input and ideas from participants include a whiteboard, post-it notes, or on dedicated software like GroupMap.
Review each of the quadrants in turn – prioritising each of the product ideas by sorting them in order of likely value. You can do this as a team (collaborative) or individually. Positioning ideas individually will allow you to see whether there is consensus in the room.
You may also use dot voting to narrow down the top strategies by asking the team to discuss and vote on the strategies they believe will have the biggest impact for the organization.
For each priority strategy, there should be one or more actions. Assign responsibility and a timeframe for completion to a group or individual.
Sharing and communicating the outcomes of the Ansoff Matrix and subsequent action plan are essential to getting buy in from participants and other stakeholders. Use the completed Ansoff’s Matrix to help align your teams focus and energies across each of the strategies.
GroupMap automatically generates visually appealing reports in several formats for distribution, saving time and effort after the workshop.
Save effort, time and money with GroupMap
Whether you have your best minds together in the same room, or distributed around the world, GroupMap’s unique technology allows groups of up to 2000 to submit ideas independently at separate times, from different places, in different timezones. Prevent dominant personalities swaying the group, drowning out the opinions of others – GroupMap allows everyone to brainstorm independently then effortlessly combines that information to reveal the full spectrum of ideas. GroupMap templates keep the objective front and center throughout the session, keeping everyone on task. This ensures the activity identifies actionable issues rather than becoming just a discussion on ideas. GroupMap gives you all the group decision making tools you need to prioritize, decide and take action.
Create your first map and invite people in to start sharing their thoughts right NOW. Experience the power of GroupMap with our 14-day, no risk, FREE trial. You don’t even need to provide your credit card details to access to all of our features, including the entire suite of templates, for a full 14 days.