Consider disruptors such as Amazon, Uber, Apple and Airbnb. If you make physical products, someone may “Amazon” you by surrounding their product with amazing services based on the internet-of-things and artificial intelligence. That’s just one example. Stop relying on Porter’s Five Forces (e.g. barriers to competition) to protect you, and begin thinking how you can be the disrupter, not the disruptee. Check out these free FutureScenes® trends sheets for idea-starters.
More in FutureScenes sheets at www.futurescenes.com
These may be the same… or not. If you make welding machines, your customers’ alternatives may be mechanical fasteners or epoxy adhesive. When you have a choice between supplier-centric or customer-centric thinking, always choose the latter. Exploring customers’ alternatives passes this customer-centricity test.
More in article, Benchmarking for B2B Product Innovation
Surprises in quality or cost control are unpleasant. But innovation relies on surprises. Without “non-obviousness,” an invention cannot even be patented. When a previously-hidden customer outcome becomes known, the discovering supplier has the luxury of seeking solutions in a competition-free environment.
More in white paper, Catch the Innovation Wave (page 10).