What is idea generation? Idea generation is the process of generating and selecting ideas to solve discrete problems. However, within the context of new product development, the goal of idea generation is to solve customer problems. After all, every new product begins as an idea. Therefore, if there’s an innovation job that we’d better do ... Read More
Lean Startup is a powerful methodology, but B2B suppliers need to make some adjustments to avoid serious pitfalls. Instead of using a Build-Measure-Learn cycle, B2B producers should use a Learn-Build-Measure-Learn cycle. In other words, they should begin with B2B-optimized customer interviews. ... Read More
If you develop new products, the design thinking process can help. All the more so if you’re a B2B innovator: You can upgrade the most important parts of design-thinking in ways consumer goods developers can only wish for. Here’s what you must do differently for B2B-optimized design thinking. Imagine a chemical engineering student taking an ... Read More
Your sales force is a vital part of B2B voice-of-customer. But don't count on them doing this work by themselves or you’ll miss 4 objectives: 1) Concentration on a single market segment, 2) meeting with the right customer contacts, 3) using strong probing skills and tools, and 4) aggressive follow-through. ... Read More
Our research asked B2B professionals what drives profitable, sustainable organic growth. The #1 answer was delivering strong, differentiated value propositions. And the #1 differentiator between the best and worst value-creating companies was superior front end of innovation work (www.whatdrivesb2borganicgrowth.com). The Front End of Innovation – Key Steps There are important front-end steps top-performing companies take to strengthen their value ... Read More
Qualitative interviews are important, but if you don’t continue with quantitative interviews you may still struggle with new product innovation. Many B2B producers use AIM’s preference interviews to generate Market Satisfaction Gaps for customer outcomes. A Gap over 30% indicates the market segment is eager to see improvement. ... Read More
Every large company has a system for new product growth. And yet, it’s often pushed aside, not understood, and taken for granted. Some view it as too technical. Some see it as complex. Most don’t recognize the potential energy it could release. What is this critical system? It’s the new product development process (or NPD ... Read More