Concept Testing Matrix

The Concept Testing Matrix is a 2x2 matrix used to evaluate the potential success of a new product or service concept. It is based on the idea that a concept’s success is determined by its appeal to the target market and its feasibility for the business.

At a very high level, the Concept Testing Matrix is used in the context of business, marketing, finance.

Concept Testing Matrix quadrant descriptions, including examples
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What is the Concept Testing Matrix?

A visual explanation is shown in the image above. The Concept Testing Matrix can be described as a matrix with the following quadrants:

  1. High Appeal & Feasible: Concepts that are both appealing to the target market and feasible for the business.
  2. High Appeal & Not Feasible: Concepts that are appealing to the target market but not feasible for the business.
  3. Low Appeal & Feasible: Concepts that are feasible for the business but not appealing to the target market.
  4. Low Appeal & Not Feasible: Concepts that are neither appealing to the target market nor feasible for the business.

What is the purpose of the Concept Testing Matrix?

The Concept Testing Matrix is a 2x2 matrix used to evaluate the potential success of a new product or service concept. It is based on the idea that a concept’s success is determined by its appeal to the target market and its feasibility for the business.

The matrix is divided into four quadrants, each representing a different combination of market appeal and feasibility. The top-left quadrant represents concepts that are both appealing to the target market and feasible for the business. These concepts are the most likely to succeed and should be given priority. The top-right quadrant represents concepts that are appealing to the target market but not feasible for the business. These concepts should be evaluated further to determine if they can be made feasible. The bottom-left quadrant represents concepts that are feasible for the business but not appealing to the target market. These concepts should be evaluated further to determine if they can be made more appealing. The bottom-right quadrant represents concepts that are neither appealing to the target market nor feasible for the business. These concepts should be discarded.

The Concept Testing Matrix is a useful tool for businesses to quickly evaluate the potential success of new product or service concepts. It can help businesses prioritize concepts and focus their resources on the most promising ideas.


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What templates are related to Concept Testing Matrix?

The following templates can also be categorized as business, marketing, finance and are therefore related to Concept Testing Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix. You can browse them using the menu above.

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