How can a market leader in home appliances fight declining margins and market share by providing a subscription for their connected products?
CHALLENGE
Our client, a German conglomerate, was struggling with the declining market share and low brand awareness of their boilers. They wanted to validate whether a subscription service across all home appliances could be an attractive, differentiating offer.
OUR APPROACH
- Conducted a research sprint with landlords, agents and renters to understand each profile’s specific needs and appetite for a subscription service
- Provided recommendations to pivot the initial concept according to our insights
- Developed a customer journey and a service blueprint to connect the optimal experience to internal processes needed
- Created an internal pitch, including financial projections, service models, and screen designs to gain executive buy-in
IMPACT
Using our pitch deck, the client team successfully presented the idea at an internal innovation challenge and is now moving toward market implementation.