Awkward Reality #540

AI can help you build sales probing skills asynchronously.

540-Meet Claire

The only way to master a new skill is with practice, practice, practice. Until now this required “synchronous” coaching… a human coach advising learners on a real-time basis during a workshop. But now AI agents can coach you “asynchronously” any time you want, on any offering and customer job-to-be-done, with the same—or possibly higher—level of advice you’d get from a human coach.

More in white paper, Sales Call Preparation with AI

Awkward Reality #539

Launching products at customers is an incredibly inefficient approach to B2B customer insight.

539-Launch-Products

Many companies develop and lob new products at their B2B customers without first exploring their needs. There may be less efficient ways to understand customer needs than waiting to see if they buy your product… but I truly don’t know what they would be. Years from now, companies will be amazed that our innovation methods were so supplier-centric and inefficient.

See 2-minute video #39, Launch new products with power

Awkward Reality #538

Are your “P” and “PC” out of balance?

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Decades ago, Stephen Covey explained in The 7 Habits of Highly Effective People that we need to balance “P” (production) against “PC” (production capability). Today many companies just focus on this year’s results (P), without building the skills and capabilities needed for future growth (PC). Don’t just hit the reset button and start over again every year. Instead, build the future you want.

More in book, Business Builders, Chapter 9.

Awkward Reality #537

Why not imitate the leaders you admire?

537-Admire-Leader

Which business leaders do you admire… Henry Ford… Jeff Bezos… Elon Musk… Steve Jobs? Why do you admire them? Because they were great at slashing budgets, running financial review meetings, or giving quarterly EPS guidance? Here’s the irony: Many business leaders behave quite differently than those they admire.

More in book, Business Builders

Awkward Reality #536

Market-facing innovation routinely suffers from wrong facts and missing facts.

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The #1 culprit for wrong facts is the untested assumption. Someone thinks the customer would like this or that, and the assumption morphs into a “fact” over time. A missing fact occurs when an important question is not answered. The overwhelming reason is… it’s never asked. With proper B2B customer interviews, you can avoid most wrong and missing facts.

More in white paper, Guessing at Customer Needs

Awkward Reality #535

Awkward Reality #534

Should you innovate for entire market segments… or single customers?

Vehicle manufacturer logos

To optimize your efficiency, innovate for the entire market segment. Usually. But some clever Blueprinting users have applied the same interview methods to one large account at a time to reap three benefits: 1) Retention: They work so closely with the key account that this customer doesn’t want to use competing alternatives. 2) Expanded business: Customers naturally want more of their focused help. 3) Pricing: They learn how to modify their products precisely in the ways the customer values most, leading to higher pricing.

More in white paper, Key Account Blueprinting

Awkward Reality #533

Stage-and-gate processes are necessary, but not sufficient.

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A new product development process with stages and gates provides helpful discipline. But most suffer from two limitations: 1) Internal focus… talking to ourselves instead of customers. 2) Analytical thinking… promoting a checklist mentality. You also need discovery thinking, with a focus on learning. Unlike analytical thinking, this is fragile and must be nurtured.

More in e-book, Supercharge your Stage-Gate® process

Awkward Reality #532

It’s easy to be distracted. Building real growth capabilities? Now that’s hard.

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Some firms exhibit “Brownian motion,” with initiatives flying in all directions. In others, ideas are vigorously debated… in action-free zones. In other cases, action begins but quickly fades, leaving employees wondering what next year’s program will be. In the saddest situations, long-term initiatives live only in the investor relations department’s PowerPoint® slides.

More in 2-minute growth video #13, Build your growth capabilities