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Awkward Reality #139

Awkward Reality #138

Suppliers want differentiated products, but most fail to understand what this requires.

138 Different Umbrella

You want differentiated new products that will induce enthusiastic customers to open their wallets wider. Differentiated products must be… different. But different from what, in what ways, and to what extent? 100% of this information can be learned from B2B customers… but only if you engage them in specific discussions. Very few suppliers do this correctly.

More in article, Four Steps Needed for New Product Differentiation (Originally published in B2B Organic Growth newsletter).

Awkward Reality #137

Your goal should be to waste fewer innovation resources than competitors.

137 Wasted Resources

Well, isn’t that inspirational? Perhaps not… but remember you’re in a constant battle with competitors to innovate for customers. One of the best ways to tip the “efficiency” balance in your favor is to consistently learn when projects are unattractive… before competitors. Then decisively kill them so resources can be used for winning projects.

More in article, Are You Maximizing Your Profits?

Awkward Reality #136

Pursuing the right customer needs requires divergent and convergent thinking… in that order.

136 Divergent Paths

For every job a customer does, there are dozens of potential outcomes… so diverge with customers to uncover far more than competitors. Then ask for 1-10 importance and satisfaction ratings so your R&D can converge on the important, unsatisfied outcomes… while competitors guess. I’d like to make this sound more complicated, but it’s not.

More in white paper, Timing is Everything (page 8).

Awkward Reality #135

If you’re eradicating surprises in quality & productivity, it’s hard to embrace them in innovation.

135 Predictability

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 white paper, Catch the Innovation Wave (page 10).

Awkward Reality #134

Awkward Reality #133

Don’t overlook the staggering impact of directly engaging customers in your innovation.

133 Engaged Customer

Innovating companies that directly engage their customers have operating income growth rates three times higher than those that do not.  When you see a gulf of 3X, it should scream “opportunity!” Gaining customer insight in an engaging manner may be commonplace in the future, but today it’s a competitive advantage. Will you seize it?

More in article, Why Maximizing Shareholder Value is a Flawed Goal