Awkward Reality #83

Some companies don’t launch products. They let them escape.

83 Products that Escape

This is how one B2B marketer described their launch process to me. It’s much better to use a rigorous process, documented in five brief reports: Launch Plan Summary (with strategy, team, activities & results), Prospect Profile, Message Brief, Media Guide, and Launch Results. The middle three address who to tell, what to tell and how to tell.

More in article, How to Plan an Amazing B2B Product Launch (Originally published in B2B Organic Growth newsletter).

Plan an Amazing B2B Product Launch

How to plan an amazing B2B product launch

How can you know with absolute confidence that you’ve put together all the key elements of a winning product launch plan? Prepare these 5 product launch plan documents: 1) Launch Plan Executive Summary, 2) Prospect Profile, 3) Message Brief, 4) Media Guide, and 5) Launch Results. ... Read More

Awkward Reality #82

Be clear on what you own and what your customers own.

82 Solutions

Customers own “outcome” space. You own “solution” space. Don’t let them into your space… unless you want to become a contract manufacturer. Instead, enter their space to understand desired outcomes better than competitors. This lets you deliver unique value in your solutions, which is handsomely rewarded though premium pricing.

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

Awkward Reality #81

Maximizing shareholder value is a lovely result… but a lousy goal.

81 Shareholder Value

Tell me to increase shareholder value and I struggle to identify something I can do as an employee to raise earnings per share. Tell me to understand and increase customer value, and I can think of a dozen things to do, most of them actionable, measurable, and beneficial to our bottom line. Many of these I will find inspiring… as will others.

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

Awkward Reality #80

Awkward Reality #79

Product development is a footrace… either a customer-reactive or a market-proactive footrace.

79 Business Footrace 1

Picture this: A customer tells your sales rep what they want, who hands it off to your R&D. This clever customer tells your competitors the same thing. Terrific. If more than one supplier crosses the finish line, you can forget any price premium. Try this: You choose the race conditions by targeting an attractive market, and exploring its needs better than competitors.

More in article, Are You Squandering R&D Resources?

Awkward Reality #78

Fully understanding customer outcomes requires 9 levels of examination.

78 Study Customer Outcomes at 9 Levels 1

You begin by uncovering, understanding, defining and setting outcomes’ direction… and end by quantifying their value. Skipping just one level dramatically decreases your odds of a highly-profitable new product. Do you know how many levels are baked into your new product development process? If you don’t, it’s less than nine.

More in article, The Science behind Great Value Propositions (Originally published in B2B Organic Growth newsletter).

Awkward Reality #77

For successful innovation, you need to “get out” more.

77 Get Out More 1

It’s risky to incrementalize… but “great hope” projects often absorb huge resources and end with a whimper. What’s the answer? Get out more. Spend more time in customers’ worlds to reduce commercial risk. And reduce technical risk through open innovation, tapping into external technologies. You can’t thrive today without external insight. (Hmmm… “exsight”?)

More in article, The Commodity Death Spiral (Originally published in B2B Organic Growth newsletter).

Awkward Reality #76

Awkward Reality #75

Innovators should understand that uncertainty is different than risk.

75 Uncertainty Ahead

If you’re asked to cross an unfamiliar chasm, would it be risky? Hard to say. Until you learn if you’ll face a bridge or a tightrope, you can’t assess risk (probability). You’re just uncertain. Many companies fear risk in an unfamiliar market, when they should map out a plan to reduce uncertainty. This is especially easy to do in B2B markets.

More in white paper, Innovating in Unfamiliar Markets (pages 2-3).