Outpace your B2B Market with Earned Growth

Better get used to mediocre growth

Unless you deal with two growth problems, you'd better get used to mediocre organic growth: 1) You only “earned” a small part of your growth today; the rest is “inherited” and “market” growth. 2) If you and your competitors are all planning to growth faster than the market you serve, someone will be disappointed. ... Read More

Awkward Reality #415

Are you prioritizing customer needs?

High Priority

Most B2B companies don’t have a good system for prioritizing customer needs. At least this is what The AIM Institute found in its recent research. Of 12 voice-of-customer skills measured, this is the skill survey respondents most wanted to improve. Prioritizing customer needs was also identified as the greatest differentiator between successful and unsuccessful new product developers.

More in research report, www.b2bvocskills.com (page 11)

Reduce Bias in Voice of the Customer: Let’s Give your Hypothesis the “Silent Treatment”

Give Your Hypothesis the Silent Treatment

The “old way” of interviewing was to “validate” your idea with customers… but this leads to confirmation bias. With the “new way,” you focus on their needs and gain 5 benefits… 1) add new outcomes to your design, 2) eliminate costs for unimportant outcomes, 3) learn why they want outcomes (for better pricing), 4) engage them more, and 5) move faster. ... Read More

Close the Customer Feedback Loop

Without VoC feedback, growth stalls.

Quality guru Edwards Deming taught us that “94% of problems in business are systems driven and only 6% are people driven.” With the right systems, a company will grow and thrive. And few are more important than the “feedback loop.” Unfortunately, this term has been used so broadly that the original and powerful meaning has ... Read More

Awkward Reality #414

Interview B2B customers in a way that allows—even invites—surprise.

414-Business-Surprise

We’ve coached hundreds of B2B new product teams and here’s the awkward reality: When teams begin using advanced methods to interview customers, they are usually surprised by what customers want. This means the teams had been planning on developing a product that interested them, not customers. This is a sobering experience. Have you had it yet?

More in 2-minute video at 25. Let your customers surprise you

Awkward Reality #413

You can’t achieve profitable, sustainable growth behaving like your competitors.

413-Competitive-Behavior

Unless your company has smarter employees, some inherent unassailable advantage, or a markedly different approach to satisfying customers… pesky competitors will always limit your growth. What if you and your competitors were all committing the same innovation errors… but you corrected them first? Good news: There is much to correct.

More in research report, www.whatdrivesb2borganicgrowth.com

Awkward Reality #412

Closely examine B2B innovation malpractice, and you’ll see a pervasive disregard for customer needs.

412-Customer-Disregard

It’s ironic: B2B customers have the only vote on whether our new product is any good. B2B customers want us to innovate on their behalf. B2B customers are eminently qualified to guide us. Yet many suppliers all but ignore B2B customers when developing their product concepts. Today, this malpractice is global and pervasive in nature. We can do much better.

More in white paper, www.guessingatcustomerneeds.com