Growth hacking approach - MIT Sloan School of Management 2016 - EasyParcel.pdf · Data driven...

Post on 29-Mar-2020

8 views 1 download

Transcript of Growth hacking approach - MIT Sloan School of Management 2016 - EasyParcel.pdf · Data driven...

ADJGrow the CORE

Mission 1 – Grow the Core“Wherehasthegrowthcomefrom?WhousesEasyParcel?“Howdowehackthegrowthintheshorttomediumterm?”

Mission 2 – Expand into Adjacencies“WhatopportunitieswillexpandEasyParcel’sbusinesswingspan?”

Mission 3 – Aim for Moon-Shot ideas“Whatcouldbegame-changersinthelong-term?”

Objective:Data-drivenGrowthHacking

Leverageinternaldatato:

Segmentandprofilecustomersegments

Defineframeworkfordata-drivengrowthhacking

Assesspastperformance

Customersurveyandresponseanalysis

Exploreuserbase

Validateinsightsandframework

Compileandprioritize

recommen-dations

Datadrivengrowthhacking

Growthhackingapproach

EasyParcelhasahealthygrowthstory– fueledby‘real’transactionsonitsplatform

Theactiveuserbaseissmall:Increasinguserengagementwilldrivefuturegrowth

Customertenureandloyaltyiscritical:70%ofrevenuegeneratedby6+montholdusers

0-1and1-2Kgdominateparceldemographics,withincreasing6-monthshare

UnderstandingEasyParcel’s Growth

Weusedk-meansclusteringtosegmenttheactiveusersbasedontheirEasyParcelusagemetrics,andcreated“personas”foreachclusterbasedoninternalEasyParceldatacoupled

withdatacollectedfromanextensiveuser-surveygeneratedbytheMITteam

SegmentingtheActiveUserBase

- EstablishedinJune2014- Over50Kusers- Fastgrowthandupcomingexpansionsto

IndonesiaandThailand

Snehil Taparia Shaleen Jain FelipeLongoTadeu Rocha

DevelopedHACKFrameworktoexpound27GrowthStrategyHypothesis

H1

HYPOTHESIS

K4

KPIS

C3

CHANGEINITIATIVE

A2

A-BTEST

Snapshotofthefinalrecommendations

SHORTTERM“GROWTHECORE”

MEDIUMTERM“EXPANDINTOADJAENCIES”

LONGTERM“AIMFORMOONSHOTS”

27GROWTHSTRATEGY

HYPOTHESIS

2ADJACENCYEXPANSION

OPTIONS

2LONGTERM

MOONSHOTIDEAS

Proposedneworganizationdesignforfosteringdatadrivendecisionmakingatalllevels

Prioritizedtop~600customersforimmediatereach-outinitiatives

Objective:Data-drivenGrowthHacking Growthhackingapproach

UnderstandingEasyParcel’s Growth SegmentingtheActiveUserBase

DevelopedHACKFrameworktoexpound27GrowthStrategyHypothesis Snapshotofthefinalrecommendations

FinalWorkshopwithEasyParcel Team TeamDinner