When Selling Your Innovation is Your Constraint
by Michael A. Dalton
In a recent Fast Company article and video on Open Forum, Dan & Chip Heath, co-authors of "Made to Stick", look at how to explain what your innovation is and what it does. If ideas aren't accepted they can die quickly, and there's a lot riding on getting it right. From a Theory of Constraints or critical chain perspective, once your new product is launched, your constraint often becomes market acceptance. In some cases that means getting people to understand what your innovation is and how it can help them.
There are lots of things that can constrain how readily the market accepts your new product or innovation, but the Heaths cover a very important one: helping potential buyers quickly understand what the product is and what it does. Anchor and Twist are the two suggestions they offer. Anchor your product to something they already know. Twist to show how it's different than everything else. Here's an example with Palm's Pre phone:
First the anchor: The new Palm Pre phone is like Apple's iPhone.
So big deal - it's just another touchscreen smartphone...
Then that's where the twist comes in: But it has a slide out keyboard if you don't want to use the touch screen and it can run multiple applications at the same time - something the iPhone can't do (yet).
You might recognize anchor and twist as part of the unique selling proposition. The only thing I would add is the benefit. Why do they care? What's in it for them (WIFT)?
Back to the Palm example --
WIFT: It can run multiple applications at the same time, which makes it easier to use. I can be writing an email, switch to my contacts to copy a phone number or address or jump over to Amazon to copy a link, and then hop back to the open email without having to restart the email application. A big deal when you use your smartphone for greater than 50% of your emails.
The Simple Bottom Line: So, the point here isn't to sell anyone on the Pre. The iPhone has some pretty big benefits too. But the point is that whatever your innovation, you can speed acceptance and increase your new product sales by getting the marketing right - that means Anchor, Twist... and be clear on WIFT.
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Mike Dalton is the Chief Innovation Coach for Guided Innovation Group and the author of "Simplifying Innovation" and the Simplifying Innovation Blog. Guided Innovation Group has a simple mission - helping companies turn their new product innovation into more bottom-line impact.
In a recent Fast Company article and video on Open Forum, Dan & Chip Heath, co-authors of "Made to Stick", look at how to explain what your innovation is and what it does. If ideas aren't accepted they can die quickly, and there's a lot riding on getting it right. From a Theory of Constraints or critical chain perspective, once your new product is launched, your constraint often becomes market acceptance. In some cases that means getting people to understand what your innovation is and how it can help them.There are lots of things that can constrain how readily the market accepts your new product or innovation, but the Heaths cover a very important one: helping potential buyers quickly understand what the product is and what it does. Anchor and Twist are the two suggestions they offer. Anchor your product to something they already know. Twist to show how it's different than everything else. Here's an example with Palm's Pre phone:
First the anchor: The new Palm Pre phone is like Apple's iPhone.
So big deal - it's just another touchscreen smartphone...
Then that's where the twist comes in: But it has a slide out keyboard if you don't want to use the touch screen and it can run multiple applications at the same time - something the iPhone can't do (yet).
You might recognize anchor and twist as part of the unique selling proposition. The only thing I would add is the benefit. Why do they care? What's in it for them (WIFT)?
Back to the Palm example --
WIFT: It can run multiple applications at the same time, which makes it easier to use. I can be writing an email, switch to my contacts to copy a phone number or address or jump over to Amazon to copy a link, and then hop back to the open email without having to restart the email application. A big deal when you use your smartphone for greater than 50% of your emails.
The Simple Bottom Line: So, the point here isn't to sell anyone on the Pre. The iPhone has some pretty big benefits too. But the point is that whatever your innovation, you can speed acceptance and increase your new product sales by getting the marketing right - that means Anchor, Twist... and be clear on WIFT.
Don't miss an article - Subscribe to our RSS feed and join our Continuous Innovation group!
Mike Dalton is the Chief Innovation Coach for Guided Innovation Group and the author of "Simplifying Innovation" and the Simplifying Innovation Blog. Guided Innovation Group has a simple mission - helping companies turn their new product innovation into more bottom-line impact.Labels: Innovation, marketing, Mike Dalton, Sales, Strategy

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I had an interesting discussion recently with a company vice-president that asked me what he could do in terms of facilities design to make the work environment more conducive to innovation. Anyone familiar with my Theory of Constraints (TOC) based approach to innovation improvement will know that my response was to ask him if the facility was his innovation bottleneck. After getting an unsure look, I continued and asked what one thing was most constraining his organization's new product throughput. ![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=58b32271-0a86-4d00-b646-17addf9ef821)








