Tuesday, September 17, 2013

Product Development – in the marketplace


When you take the germinal product into a protected test market observe the way it is used by the customer. Try different versions of it, if possible. For example, Godrej are carrying out hands on experiments with customers in different retail formats whilst developing furniture that customers can accept as easily as the furniture made by the local carpenter. Use the following map to recreate your product. This map can help you identify key elements in product development. Use existing facilities to refine products in the market place. Once a new product idea germinates, it needs time and space to grow and develop that idea. Insist that unfamiliar, strange, unusual elements are developed. Support the Champion, tone down the attackers. Work on taking it to market fast on a small investment with the possibility of a profit. Don’t try to create the perfect product in the lab. The immediate reaction is often to remove all elements that make a product new and different. Most groups will rush to protect familiar aspects of the product and if it is wild idea there will be a concerted rush to domesticate it and retain its old and familiar attributes. Fiercely protect the wildness of the idea by enclosing it in a sanctuary. Allow it to roam free in the sanctuary for a few days. Don’t touch it. Remember if everyone loves an idea, it is probably 200 years old!

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