AIM Archives - Tag: B2B

Future B2B companies will have a good laugh at our expense.

208-Laughing-at-Us

We now chuckle at how sales people used to rely on ABC (Always Be Closing) and manufacturers relied on end-of-line inspectors (vs. statistical quality control). But those will pale compared to the way today’s B2B companies test markets: by launching fully-developed products at their customers. When they could have learned customer needs first with some simple interviews. Funny stuff.

More in article, Why will future companies laugh at us?

The front end of B2B innovation is all about one thing. Learning.

199-Learning

More specifically, it’s learning what you didn’t know about the customer’s world in your target market. If you think it’s about “ideating” to come up with cool supplier ideas—which you’ll “validate” with customers—you’ve got it all wrong. Start with customers and their needs… not with you and your notions. Focus on your solutions after you understand what those who might buy them want.

Learn more about B2B innovation at theaiminstitute.com

The Cure for B2B Myopia: Jobs-to-Be-Done

Harvard professor Levitt began the JTBD discussion by teaching that the railroad industry should consider itself as the transportation industry..

Modern “Jobs-to-be-Done” thinking began with the most popular HBR article ever written: Ted Levitt’s “Marketing Myopia.” It begins this way: “Every major industry was once a growth industry. But some that are not riding a wave of growth enthusiasm are very much in the shadow of decline. Others, which are thought of as seasoned growth ... Read More

You can only help B2B customers two ways: improving their processes or products.

194-Supplier-and-Customer

You can improve a process anywhere down the value chain, or you can improve the ultimate product. (Mid-stream products don’t count.) Equipment and service providers often have their biggest impact on processes. Component or material makers often have a larger impact on products. In either case, you need to pursue these improvements with passion.

More in e-book, Reinventing VOC for B2B (page 26).

All B2B markets are not created equal. How well do you understand yours?

188-How-B2B

The term “B2B” is useful, because business customers can be so different than end-consumers. But it’s a blunt and imprecise term, and we can do better. Check out the “B2B Index” developed by The AIM Institute. The higher your market’s B2B Index, the greater you can engage customers… in both early-stage and late stage marketing. (This is a free service.)

Calculate your B2B Index at www.b2bmarketview.com

Closing the “Customer Insight Gap” gives B2B suppliers a competitive edge. Not so much for B2C.

184-Customer-Insight-Gap

B2C employees (e.g. Apple engineers) are consumers themselves, so they have high typical customer insight… but low potential insight, since consumers can’t easily predict what will entertain them. The gap between typical and potential insight when serving knowledgeable B2B customers is much larger. This is your competitive edge if you close the gap before competitors.

More in white paper, Catch the Innovation Wave (page 13).

Will B2B-optimized customer interviews impact your company’s organic growth?

183-Growth-Rate

We asked this question of new-product teams that had conducted a total of 875 B2B-optimized customer interviews. 96% said these interviews would have a moderate, significant or great impact on their company’s organic growth rate. Only 4% said the impact would be “slight.” About the same amount also felt such interviews would positively impact their company’s culture.

More in white paper, Guessing at Customer Needs (page 10).

In true customer-centered B2B innovation, you’re actually not developing your new product.

177 New Product

You’re developing your customer’s new product. It’s like this: “Mr. Customer, we’ve assembled a team aimed at developing something you’ll love. As you can see, we even brought a lead R&D person with us to listen to you. So can you tell us everything you think we should know before we going into our labs? We want to get this right so the innovation makes you a hero at work.”

More in article, Is Your Innovation Supplier-Centric… or Customer-Centric?

Seek more from your B2B customer interviews.

175 Seek More

What else is there besides hearing customers’ needs? Impress them so they’ll want to do business with you. Incorporate your insights into a value calculator to optimize pricing. Use their precise interview language on your website to improve SEO. Uncover unspoken needs in a post-interview customer tour. Understand their next best alternative. Never stop learning.

More in article, You Already Answered 4 Questions, but… Correctly?