Awkward Reality #113

The best way to hear (the customer) is often to see.

113 Projecting Interview Notes

One of our best innovations started as an experiment. In 2004 I projected my notes during a customer interview. The customer loved it, the meeting went far longer than expected, and we haven’t looked back since. Sure, customers can correct your notes this way, but our biggest discovery was that customers own what they create and can see.

Read more in the article, The Best Customer Interviews Use a Digital Projector (Originally published in B2B Organic Growth newsletter).

Awkward Reality #112

Most companies measure innovation results. Few measure innovation capabilities.

112 Building Capabilities

Do you know if your company is improving key capabilities? Understanding customers’ needs, assessing competitive alternatives, creating data-driven value propositions, etc.? A race team that just counts wins—instead of pit crew times and engine torque—stops winning. Understand the capabilities that drive innovation and start measuring them.

Read more in the article, 3 Problems with Innovation Metrics (Originally published in B2B Organic Growth newsletter).

Awkward Reality #111

Beware incrementalism… and understand the “risk paradox.”

111 Beware Incrementalism

If you manage one new-product project, it seems less risky to develop a “me-too.” But if you manage a business brimming with “me-too” and incremental new products, you’ll slide into commoditization with its death spiral. Very risky. So make sure your portfolio has enough products that will deliver significant value to your customers.

Read more in this free white paper, Innovating in Unfamiliar Markets (page 3).

Awkward Reality #110

Why take a “leap of faith” when you could take a leap of confidence—more quickly and cheaply?

110 Leap of Faith

Lean Startup methodology refers to “Leap of Faith Assumptions,” and recommends testing assumptions with customers at the first opportunity. For B2B, this “first opportunity” to learn comes before a prototype is created… through VOC interviews to mine the foresight of knowledgeable customers. Don’t miss this B2B adjustment to Lean Startup.

Read more in this white paper, Lean Startup for B2B (page 6).

Awkward Reality #109

Got cool technology? Great. Just test it silently with customers.

109 Cool Technology

Avoid “technology push.” But should you just leave your technology quivering on the lab bench? Hardly. Conduct customer interviews without mentioning your technology. If customer outcomes match your technology… wonderful! Otherwise, look for different technology (for this market), or look for another market (for this technology).

More in article, Should You Develop New Products like Steve Jobs? (Originally published in B2B Organic Growth newsletter).

Awkward Reality #108

It’s hard to create differentiated products if you don’t behave differently.

108 Be Different

Companies that want differentiated products often behave the same as competitors. They can’t say, “Our R&D staff is 20% smarter than competitors’, so our products usually win.” But they could win by understanding customer needs better than competitors… letting them “aim” their R&D brainpower much better. Be different to differentiate.

More in article, Do You Really Interview Customers?

Awkward Reality #107

Awkward Reality #106

Awkward Reality #105

Awkward Reality #104

If you think your employees are passionate about earnings per share, you’re out of touch.

104 Bored Employees

When recruiting John Sculley from Pepsi, Steve Jobs asked, “Do you want to sell sugar water the rest of your life, or do you want to come with me and change the world?” Most employees paid no attention to your last quarter’s earnings-per-share. But they’ll tell their grandkids how their new product turned an industry upside-down.

More in article, Why Maximizing Shareholder Value is a Flawed Goal (Originally published in B2B Organic Growth).