Sunday, November 7, 2010

A reflection on product innovation or how to buy a present for your significant other

When it comes to product development, innovation is a lot like planning a gift for your significant other.

You can always go on the safe side and conduct your "market survey" and start your quest for the perfect gift, responding to every single desire of your other half.

Yes, you will end up with a gift that is very much appreciated and that will fill a void long open. You -yes, YOU- will be in the ranks of the "reliable provider".

On the other hand, you can go the other way, the risky way. You can observe your partner for months, maybe for years, and try to translate into a model HOW do they think and feel. Once you are confident enough that you have a fairly good idea, then -and just then- set out to look for the perfect gift, without even asking a single question.

The difference here is that you will not only fulfill a desire, but you will surprise. And if you are successful, you will be LOVED. You will touch that fiber that will make her (or him) resonate.

In product development, something similar happens. Those companies that surprise us with a design that we never even thought about, earn our love, and we become advocates for them. There are many examples of this. The iPod wheel, the Segway (for the few that can afford one), the Dyson hand dryer, etc.

I am not suggesting that you blindly develop your products, after all, you need a market for them, and this means that they have to be priced correctly and that they address a real need so that there is a desire to purchase them from you. In contrast, in the gift metaphor there is no price involved from the receiving end.

What I am saying is that you cannot base your design ONLY on market research coming from surveys and direct questions.

Now, surprise me.

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