Monday, September 16, 2013

Test Product Specifications in the Competitive Marketplace


Let your teams use this map to help create an experiment in the market place. Carefully calibrate the product creating a careful balance between what the customer wants and what the competitive market will bear. On a new product, make small investments. Change and react to what happens in the market place. Like a potter uses his hands to shape wet clay, refine your product as it makes its way tentatively through the market place. Remember, a kite can only be tested when it flies. Don’t keep your product too long in the laboratory, launch it, test it and improve it as you go along. Be hungry for early profits. Let the product evolve to achieve customer delight. Reflections and actions  Workout a new source of revenue fro ma just introduced activity. See how you can turn a cost centre into a profit centre.  Put your clothes cupboard at home in order.  Buy a healthful powder to add to milk for a quick to burst of energy

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