How to Get to Market Quickly with a Differentiated Offering
Most companies think they have only two options when trying to win at new products:
- Get to market quickly with an imperfect offering, or
- Get to market slowly with a “perfect” offering
In fact, there’s a third option that is usually best:
3. Get to market quickly with a better differentiated offering
This is done by discovering the target customers’ unmet needs with the Jobs-to-Be-Done framework so you know:
- The main “job” your target customers are trying to get done
- The steps they have to go through to successfully execute the main job and the criteria they use to measure success
- Which criteria are unmet (“unmet criteria” are important unsatisfied needs and your opportunities for innovation and growth)
- Where hidden segments of opportunity lie, i.e., segments that are unknown to competitors
- Other related jobs they’re trying to get done in the same circumstance (these are potential new market opportunities)
- Emotional and social jobs they’re trying to get done (these are essential for effective messaging and positioning)
Obtaining this information gives you the insights you need to:
- Identify and rank the biggest opportunities in your market
- Determine which opportunities are most attractive to pursue and which to avoid
- Generate only good ideas in the sense that ideas are only generated to address big validated unmet needs that are attractive for your firm to pursue given its relative strengths
- Guide development
- Reduce iterations
- Get to market faster
- Introduce a differentiated offering from the outset
Conceptually, it’s pretty simple: reveal needs, create value, drive growth.
But you must know what type of customer inputs to obtain, how to get them, and how to use them.
We can help.
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