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Awkward Reality #431

Awkward Reality #430

Awkward Reality #429

What’s ‘filtering out’ customer needs, so that your R&D misses them?

429-Filter customer visits

Every one of your B2B customers has needs… problems to be solved. What’s filtering them out, preventing your solution providers from understanding them? 1) Poor listening skills when your employees meet with them? 2) Few probing questions? 3) Haphazard call reports? 4) Weak CRM datamining? You can change all this when your customer-facing employees use Everyday VOC.

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

Awkward Reality #428

Doing quantitative voice-of-customer? Good. Now do it “the B2B way.”

428-Business-to-Business

Clever companies realize they’ll “hear what they want to hear” without quantitative VOC. To do it right, B2B companies should weight responses based on customer buying power. And don’t just ask for importance ratings: Ask for satisfaction ratings as well. The only hope for premium pricing is pursuing needs that are both important and unsatisfied. You can use something called Market Satisfaction Gaps to point you in the right direction.

More in white paper, www.marketsatisfactiongaps.com

Awkward Reality #427

Letting an executive focus on maximized shareholder value can have dangerous consequences.

427-Shareholder-Value

If a stock’s P/E ratio is 20-to-1, then only 5 percent of a firm’s value is driven by this year’s earnings. Put another way, 95 percent of shareholder value is driven by investors’ expectations of the future. Executives with rich stock options have “motive and opportunity” to manipulate these expectations… in ways that often damage the firm’s long-term health.

More in 2-minute video, 5. Shareholder wealth is a poor goal

Awkward Reality #426

Finished with your VOC? Not so fast. We need some numbers first.

426-VOC-Numbers

Think your VOC work is done if you can splash some pithy customer quotes on a PowerPoint slide? Nope. You must conduct quantitative interviews to isolate the important, unsatisfied outcomes (using 1-10 scales). We all “hear what we want to hear”… so unfiltered customer data is needed. Never spend development dollars until someone “shows you the numbers.” The most important numbers are something called Market Satisfaction Gaps.

More white paper, www.marketsatisfactiongaps.com

Awkward Reality #425

Your new product development process is backwards.

425-Backward-Process

If your new product development process begins with “idea generation,” is it your idea… or your customers’? If you start with your idea, you probably won’t understand customer needs until the end… by seeing if they buy your new product. Why not flip your approach and start with customer needs? Unless you’d rather your R&D kept guessing at customer needs.

More in white paper, www.guessingatcustomerneeds.com