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

Benchmark yourself against our new product research

Woman reviewing charts and graphs to benchmark her new product development practices with this new product research

This product research comes from our twice-monthly New Product Blueprinting public workshops, which include several poll questions. We’ve compiled the poll results so you can compare how your company performs against others on these questions: Which risk causes most new product failures at your company? What % of your new product projects employ quantitative VOC? ... Read More

Awkward Reality #531

How is the modern B2B innovator like a weather forecaster?

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In both cases models are used to predict future behavior. Barometric pressure and other data are the “raw material” for weather models. For you, it’s quantitatively measuring key customer outcomes in the front-end of innovation. Your model lets you replicate the customer experience… so you can know with confidence how they’ll react to any of your product designs.

More in 2-minute growth video #36, Benchmark competing alternatives

Awkward Reality #530

Are you experiencing the Red Queen Effect?

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In Lewis Carroll’s Through the Looking Glass, Alice was dismayed after much running to find she and the queen were still in the same spot. The Red Queen explained, “My dear, here we must run as fast as we can, just to stay in place. And if you wish to go any­where, you must run twice as fast as that.” What are you doing that truly lets you “run faster” than competitors? Here’s one that works: Understand customer needs better than them.

More in 2-minute growth video #2, Superior B2B growth is challenging

Awkward Reality #529

See the Whole Picture with The Jobs-to-be-Done Pyramid™

Portrait image - JTBD-P - banner image 600px

Why do people really buy what they buy? It’s a question that has reshaped how we think about customers, markets, and innovation. Thanks to the foundational work of Clayton Christensen, Tony Ulwick, Bob Moesta, and Lance Bettencourt, Jobs-to-be-Done (JTBD) theory gave us a breakthrough insight: “Customers don’t buy products—they hire them to get jobs done.” ... Read More