Traditional VOC relies on questionnaires, tape recorders and post-interview analyses. That’s fine for B2C, but your B2B customers are insightful, rational, interested and fewer in number. They’re smart and will make you smarter if you engage them in a peer-to-peer fashion, take notes with a digital projector, skillfully probe, and let them lead you.
More in executive briefing, Seven Mistakes that Stunt Organic Growth.
After presenting conclusions from months of VOC research, a marketer’s boss said, “No… I think customers want this instead.” A terrible reaction, but why did it happen? The marketer had no hard data—just quotes, impressions and anecdotes. You’ll be more believable, confident and correct—with unfiltered, quantitative customer data.
More in article, 5 Growth Risks You Can Stop Taking (Originally published in B2B Organic Growth Newsletter).
Problem 1—What’s the right question?—focuses on market needs. Problem 2—What’s the right answer?—is all about your solutions. Most companies put 90+% of project spending into Problem2, yet Problem 1 causes most new product failures. Hmmm… are you sensing a possible competitive advantage here? Will you explore it further? Will you seize it?
More in white paper, Catch the Innovation Wave (page 4).
New Product Blueprinting provides these typically overlooked benefits: 1) Learn the unknown unknowns. 2) Unlearn the things we do know… that aren’t true. 3) Align the development team for action. 4) Make better decisions through market intuition. 5) Build sales relationships. ... Read More
As we begin training employees in B2B front-end-of-innovation skills, the business leader often asks, “Can you make the project teams go faster?” I understand this… but a better approach would have been to not dither away so many months making a decision to start training in the first place. Investing in such skills can never begin too soon.
Learn more about B2B innovation at www.theaiminstitute.com.