Patent ID: 8024215
Filing Date: 2011-09-20
Classification: G06Q

Abstract:
1. A method implemented by computer-based system for determining an entry point within a market segment of an industry, the method comprising: identifying a business and a market segment of an industry in which the business does not currently compete; determining current sales competition within the identified market segment for a plurality of different product types offered for sale by different businesses; formulating a first representation of the identified market segment in which the business does not currently compete based on the determined current sales competition, via the computer-based system; forecasting a performance of the identified business in the identified market segment if the business enters the identified market segment based upon movement of various offerings within the identified market segment over time, via the computer based system; and formulating a second representation illustrating a change in sales competition within the identified market segment if the business enters the identified market segment based on the forecasted performance, via the computer-based system.