Blog Category: Customer Insights (VOC)

Be clear on what you own and what your customers own.

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Customers own “outcome” space. You own “solution” space. Don’t let them into your space… unless you want to become a contract manufacturer. Instead, enter their space to understand desired outcomes better than competitors. This lets you deliver unique value in your solutions, which is handsomely rewarded though premium pricing. The best way to do this? Use qualitative and quantitative interviews.

More in the video, Reinventing VOC for B2B

Maximizing shareholder value is a lovely result… but a lousy goal.

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Tell me to increase shareholder value and I struggle to identify something I can do as an employee to raise earnings per share. Tell me to understand and increase customer value, and I can think of a dozen things to do, most of them actionable, measurable, and beneficial to our bottom line. Many of these I will find inspiring… as will others. Our research shows companies pursuing shareholder wealth grow slower than others.

More in Chapter 4 of Business Builders by Dan Adams

You’ll either get familiar with customer outcomes… or with mediocre growth.

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All growth-oriented innovation starts with customer outcomes. This is what customers want to have happen, with no understanding yet of how it will happen. Nothing a company does can achieve profitable, sustainable growth unless customer value is created… which comes only by improving these outcomes. Want to improve your new product success? Understand your customers’ outcomes in incredible detail.

More in 2-minute video at 22. Immerse your team in customer outcomes

For successful innovation, you need to “get out” more.

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It’s risky to incrementalize… but “great hope” projects often absorb huge resources and end with a whimper. What’s the answer? Get out more. Spend more time in customers’ worlds to reduce commercial risk. And reduce technical risk through open innovation, tapping into external technologies. You can’t thrive today without external insight. (Hmmm… “exsight”?)

More in 2-minute video at 42. Beware of New Product Incrementalism

Good probing questions make for good customer interviews.

Business colleagues having a conversation.

Good questions demonstrate you’re more interested in the other person than yourself. What do you call someone who listens to you and seems fascinated by your responses? You call them a brilliant conversationalist. Think of it this way: Your customers have a hard time getting their boss to listen to them. They go home and their kids don’t listen to them. Now a supplier (you) is leaning forward and asking, “Really? Could you tell me more about that?” If you were the customer, wouldn’t you like to talk to such a person?

More in white paper, Everyday VOC at www.EVOCpaper.com

Power your CX with Jobs-to-be-Done

Customer Experience, CX, and Jobs-to-be-Done

Jobs-to-be-Done brings CLARITY and PRECISION to every element of innovation, product development and marketing. And likewise, there’s no better structure to understand CX, Customer Experience, than Jobs-to-be-Done. The problem with “Customer Experience” (CX) programs is that we’re missing common definitions of what CX is. Some think about customer journey maps. Some think about NPS surveys. ... Read More

B2B companies should have two VOC objectives, while B2C companies have but one.

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B2C companies seek to understand customer needs. B2B companies should do this and engage customers, priming them to buy later. If you interview ten customers that represent 20% or 50% of the market segment’s buying power, wouldn’t it be an incredible waste if you failed to engage these companies… so they wanted to work with you?

More in 2-minute video at 29. Engage your B2B customers

Heaven save us from the “value proposition workshop.”

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I am sometimes asked to do a workshop on developing value propositions. I say, “Not unless you invite your customers to it.” Seriously, suppliers already spend far too much time guessing what customers want. Why try to legitimize this innovation malpractice by creating and word-smithing value proposition statements internally? Better to conduct proper B2B interviews and then build a value calculator around a value proposition that customers truly care about.

More 2-minute video at 34. Use value calculators to establish pricing