Customer Value
Inadequate understanding of
customer
needs and
wants; market size and customer
buying patterns are not adequately researched. Inadequate
understanding of
competition. Inadequate
prototype testing, product performance testing and market
testing.
Technology and
Process
Invention, not
customers and their needs, come first; research capabilities
are used to come up with unique products, instead of creating
unique
customer value. Lack of a well defined cross-functional new
product strategy; insufficient involvement of critical
departments during the development and launch of the product.
Lack of
institutionalized
innovation process and effective monitoring and measurement
criteria.
Organization and
People
Lack of energized and energizing
innovation leaders; concerns about management's real
commitment to new products. Poor employee
motivation; unclear career path for new product personnel;
insufficient inspiration and incentives to encourage
risk taking; unclear assignment of ultimate new product
responsibility.
Cross-functional teams are weak or insufficiently
empowered.
Marketing and
Selling
Build-it-and-they-will-come
attitude. Product
differentiation is weak. The product launch is not supported
by adequate marketing initiatives,
advertising and resources.
>>>
To Know Your
Enemy, Become Your Enemy
If you were the
Resistance To
Change, what barriers would you erect inside and around
your project?
What your target customers may
dislike or be suspicious of?
How could your multi-faced and
multi-faceted competitors try to kill your innovation?
>>> |