Innovation is fueled by the unexpected. But many suppliers are surprise-averse. They start with their own ideas, filter them through internal processes, and avoid customer-led interviews. In an odd twist, surprise-averse suppliers are the most likely to be surprised… by mistaken market assumptions and blockbusters introduced by surprise-seeking competitors.
More in 2-minute growth video #25, Let your customers surprise you
Can we use New Product Blueprinting to Test Product Concepts? YES. New Product Blueprinting normally assumes we don’t have a product idea yet. However, Blueprinting can also be leveraged to evaluate the viability of a product concept through a structured, needs-based assessment. This article explores a five-step process for using New Product Blueprinting to validate ... Read More
Your B2B customers have a long list of problems to be solved. But it’s not their job to carefully explain each one and deliver it gift-wrapped to your solution providers. It’s your job. When your sales professionals probe deeply and capture customer needs uniformly in your CRM, you’ll gain unprecedented market insight. And by probing well, your sales team will sell more. We call this Everyday VOC.
More in Everyday VOC white paper, www.EVOCpaper.com
When you validate your new product concept with customers, they may tell you if it’s a dud. Great… you’ve avoided the error of commission. But what about the error of omission? If you first enter the customer’s world with B2B divergent interviews, you might learn of unexpected needs that lead to a blockbuster.
More in white paper, Lean Startup for B2B (page 9)
A Landmine can kill your project… but who steps on a Landmine they can see? When you convert assumptions and questions into facts, you make landmines visible and therefore harmless. A Launchpad is an unexpected, high-value customer outcome. Discover these before competitors to develop solutions in a “competition-free zone.” This approach is perfect for your Horizon 2 and 3 projects.
For more, see 5-minute video at www.deriskprojects.com
Consider two new-product success modes. In Success Mode A you launch a well-protected, premium-priced product. In Success Mode B, you thoroughly search the market segment, but find no unmet needs you can address. So you walk. May not sound heroic, but it’s the only way to ensure enough resources for more Success Mode A. Market Satisfaction Gaps let you distinguish Mode A from Mode B.
More in white paper, Market Satisfaction Gaps
Why have CRM systems underwhelmed? It’s not due to poor software design, but rather poor implementation. If we’re honest with ourselves, it’s the way we fickle humans use CRMs. If we’re counting on more reliable humans to deliver more successful CRM results, we’re likely to be disappointed. Why is highly successful CRM performance such a ... Read More
One difference between business leaders and rock climbers is that many of the former think they can reach the top without training muscles. Imagine showing up at the base of El Capitan with recliner-chair abs and no climbing skills. Crazy? How about proclaiming double-digit growth plans every year… without developing the needed business-wide skills and capabilities?
More in the book, Business Builders, Chapter 9
Customers only pay a higher price for your innovation if it is important, measurable, and distinctive. The customer must a) care about the outcome being improved, b) observe the improvement so you get credit for it, and c) be unable to get the same improvement from your competitors. Sorry, but you need all three.
More in 2-minute growth video #34, Use value calculators to establish pricing
Let’s substitute market research for reconnaissance… business strategy for battle plan… resource allocation for troop deployment. Many business leaders fail to 1) thoroughly understand their battle fronts, 2) determine the decisive points (markets) to attack, and 3) follow with an overwhelming assault here. These generals lose battles.
More in 2-minute growth video #17, Concentrate on winning markets