Think you can validate your new product concept with customers and avoid confirmation bias? Good luck with that. In your last performance review, did you agree with your boss’s praise more than his criticism? If so, you may not have overcome confirmation bias quite yet.
So if you want to avoid innovation malpractice, you need to stop leading the witness in interviews. Let them lead you to what really matters to them. My suggestion: Focus your customer interview on their desired outcomes. Then just check afterwards to see if their outcomes are a good match for your intended solution.
More in 2-minute video, Give your hypothesis the silent treatment
It may be OK for consumer goods producers to guess their customers’ needs. After all, their product developers are end-consumers themselves. So if you’re an Apple engineer, you already know what consumers like you want in a mobile phone.
But your B2B customers know much more than you about their needs. If you make pigment, your customers know a lot more than you about the paper production it’s used in. Isn’t it silly to guess their needs when they’d love to tell you… if you asked the right way? That’s why you need to let the customer lead the interview, not you. Yep, you can put your questionnaire or interview guide away now.
More in e-book, Reinventing VOC for B2B
Voice of the Customer projects often stumble right out of the gate. Why is this? More often than not, projects begin with optimism and energy. But all too often, somewhere in the middle, they tend to lose momentum altogether. And once the enthusiasm begins to fade, it’s challenging to recapture the magic. But why does ... Read More
With apologies to Tolstoy’s Anna Karenina… all great voice-of-customer (VOC) interviews are alike in the same way: The customer is talking during most of the interview. And they are talking about those outcomes (desired end results) they want to talk about. Anything else is clutter, much of which leads to unhappiness.
For B2B voice-of-customer interviews, plan on two rounds of interview… first qualitative interviews (called Discovery), followed by quantitative interviews (called Preference). In both cases, the customers will be doing most of the talking… and about matters that interest them. They’ll be happy. You’ll be happy.
More in video, Reinventing VOC for B2B
B2B innovation leadership is more than stoplight charts and cost-cutting. To make a real difference a B2b leader will usher in a new era of customer-driven growth. It takes patience, courage, and a commitment to finding the best people and processes. Follow these 10 best practices to lead innovation and change for B2B organic growth. ... Read More
Do your sales and tech support reps make hundreds of customer calls annually? Why not train them to probe deeply and capture customer needs uniformly in your CRM? You’ll gain unprecedented market insight when you turn your sales force into a learning force—to help you develop better future products. And with Everyday VOC probing, they’ll ... Read More
What single new practice can drive your company’s long-term organic growth more than any other? Hint: Few companies do this today, but that’s changing… and someday this will likely be a common practice. The answer: The disciplined use of Market Satisfaction Gaps (MSG) as a required “admission ticket” for entering the costly product development stage. ... Read More
There are 4 Innovation Maturity Levels: 1) Solution push, 2) Solution validation, 3) Market insight, and 4) Market scouting. Learn how to dramatically boost your B2B innovation just by reaching Level 3. ... Read More
We see three common shortcomings with B2B product launches: 1) Low-quality front-end work: Suppliers develop the wrong product, so even the best launch is just putting lipstick on a pig. 2) Poor linkage between stages: The launch is not driven by what was learned in the front end. 2) Out-dated promotional tools: This includes poor selection of the many traditional and digital tools available today. It helps to follow these 4 steps: The Right Product delivered to the Right Market using the Right Message through the Right Media.
More in 2-minute video, Launch new products with power
If you want to develop a great new product, your first step should be to target a single market segment and job-to-be-done (JTBD) within that segment. A market segment is a “cluster of customers with similar needs.” If you develop one product for multiple market segments, your new product won’t satisfy any customers to the fullest extent. By definition, different market segments have different needs, right?
If your company makes colorants, your target market segment might by paint producers. But your project scope is still too broad: You need to target a specific job to be done by those paint producers. Their job might be, “production and sale of semi-gloss paint.” This is explained further in the article, Quantitative questions for interviews
More in 2-minute video, Begin with customers’ job to be done
What’s the key to accelerating your B2B business’s organic growth? The research is clear: Superior customer insight drives stronger new product value propositions… which in turn boosts organic growth. Now you can use this new Innovation Maturity Level chart to assess your current level… and plan your ascent all the way to Level 6. The ... Read More
People sometimes ask, “Can’t I develop breakthrough products without talking to customers… like Steve Jobs did?” But they are missing some key distinctions between themselves and Steve Jobs… especially if they are B2B producers. ... Read More
I think the biggest mistake is failing to use quantitative customer interviews. Why use quantitative questions for interviews, not just qualitative? Two reasons. First, qualitative interviews give you reams of customer quotes with no good way to prioritize customer needs. Sure, you could count the number of times customers cite a need, but frequency of remarks is a poor substitute for customer eagerness to improve.
More important, with only qualitative interviews you’ll succumb to confirmation bias… the tendency to hear and interpret information according to your preconceived notions. With quantitative questions for interviews, you’ll have hard data on customer needs that your team hasn’t filtered or skewed. You get 100% unadulterated insight straight from the customer.
More in 2-minute video, Quantitative interviews are a must
Your pricing could be supplier-focused, competitor-focused, or customer-focused. 1) Supplier-focused pricing is cost-plus pricing. It’s inside-out, leaves money on the table and only indicates your pricing floor. 2) Competitor-focused emphasizes unit pricing, and is only useful for me-too products and gauging initial price reaction. 3) Customer-focused pricing reflects the economic impact on customers. It’s outside-in and does require more work for you. But if you want to maximize value capture, it’s the only way.
More in 2-minute video, Use value calculators to establish pricing
