Awkward Reality #143

Awkward Reality #142

You probably have great “improvement potential” in 3 of 4 value propositions steps.

142 Potential

Consider four steps: 1. Understand value, learning which important outcomes customer lack. 2. Quantify value, estimating the potential value beyond customers’ next best alternative. 3. Build value, by developing a new offering. 4. Communicate value, with a dynamic launch. Most companies can get much better at steps 1, 2, and 4.

More in article, Three Steps to Unbeatable Value Propositions (Originally published in B2B Organic Growth newsletter).

Awkward Reality #141

Stop hitting the reset button. Start building capabilities for the long-term.

141 Reset Button

Business leaders focused on the short term are just showing up. They compete for market share this year, hit the reset button, and repeat the process next year. No serious, long-term capability-building. Count yourself fortunate if you compete against such companies. They’re easy to beat with the right time horizon.

More in article, Build Growth Muscles at Your Company (Originally published in B2B Organic Growth Newsletter).

Awkward Reality #140

B2B customers can tell you exactly what they want… but you must know how to ask.

140 Architect

Imagine you’re planning to build a new home: Your architect sees you for half an hour, spends the first 15 minutes talking about sports, and then shows you pictures of other houses he designed. Later, when the house fails to please you, he dismisses it saying, “Well that buyer just didn’t know what he wanted.” Ever treat customers this way?

More in article, What is New Product Blueprinting?

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