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Awkward Reality #48

Awkward Reality #47

The higher your “insight level,” the greater your customer engagement will be.

47 Engaged Customer

Research shows customer engagement is critical to successful innovation. This engagement increases as you move through six “insight levels”: 1) Deciding what customers want in your conference rooms, 2) polling your sales force, 3) conducting customer surveys, 4) qualitative VOC, 5) quantitative VOC, and 6) B2B-optimized VOC. Where are you?

More in article, Boosting Innovation…In One Easy Lesson (Originally published in B2B Organic Growth Newsletter).

Awkward Reality #46

Most companies can double their R&D resources… for free.

46 Double Resources

Want to add employees who know your technologies and markets, can start work tomorrow, and cost nothing more? It’s easy: Just kill the dead-end projects that tie up half your resources. Free your people to work on projects your customers actually care about. It’s not hard to learn which projects to kill. In fact, strong project teams will halt weak projects on their own.

More in white paper, Catch the Innovation Wave (page 6).

Awkward Reality #45

One of the best compliments I ever heard given a business leader was, “He’s a builder.”

45 Builder

If you see a business that has steadily grown over the years in size, profitability and stature… whose products have surpassed competitors’… that grinds through the hard work of delivering real customer value… that brushes aside fads, downturns and criticisms… look for the builder. If this is you, we can show you some power-tools for your next project.

More in article, Are You a Builder or a Decorator?

Awkward Reality #44

Awkward Reality #43

Quickly identify any over-served markets. Then sprint in the opposite direction.

New Product Pricing - how will value be shared?

If all customer outcomes in a market are either unimportant or already satisfied, you’ll see low Market Satisfaction Gaps. This is an over-served market, and there’s only one thing that makes these customers happy: Dropping your price. Race to more attractive markets and hope your competitors waste resources here. Have you identified your over-served markets yet?

More in article, Customer Interviews—By the Numbers (Originally published in B2B Organic Growth Newsletter).

Awkward Reality #42

Your R&D is probably the biggest resource sinkhole in the company.

42 Sinkhole

Where else do you invest tens of millions of dollars in personnel, so that many can work diligently on answers to the wrong questions? If your firm is like most, one-half of your product development resources are working on projects that will be cancelled or fail to yield an adequate return. You can stop this innovation malpractice with the science of B2B customer insight.

More in white paper, Catch the Innovation Wave (page 5).