Business

Lean Customer Development Is Key to Sustainable Innovation

<p style&equals;"text-align&colon; justify&semi;">When Amazon launched the Kindle Fire tablets&comma; consumers loved the product&comma; leading to the idea of launching a phone&period; Unfortunately&comma; this new product didn’t resonate completely with the customers as the company leaders would have expected&period; This is no isolated case&comma; and a good number of startups&comma; as well as established businesses&comma; fail once they launch products that do not augur well with the customers&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Don’t get the idea wrong&comma; 63&percnt; of customers love it when companies they are loyal to launch new products into the market&comma; according to Bizjournals&period;com&period; The issue lies in the fact that most of these companies focus solely on product development instead of approaching the situation from the customer&&num;8217&semi;s perspective&period; If Amazon would have launched their phone with their intended user in mind&comma; there is no telling the amounts of profits that the product would have generated for them over the years&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Here is why you need to focus on lean customer development as a sustainable innovation puzzle piece&colon;<&sol;p>&NewLine;<h2>Lean Customer Development vs&period; Product Development<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">While product development deals with what you want the customer to buy&comma; customer development answers the important question – will they buy the product&quest; Product development deals with the process followed in the development of a product with the hope that the customer will eventually buy it&period; A company can use various development techniques including waterfall&comma; scrum or agile&comma; but this doesn’t necessarily mean that the customer will buy the product&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Perhaps the greatest risk of launching an innovation is finding out that you don’t have a ready market&period; However&comma; customer development is not meant to replace product development&comma; but to work side by side with it&period; For a company that focuses on the needs of the customer and uses <a href&equals;"https&colon;&sol;&sol;kanbanize&period;com&sol;kanban-resources&sol;getting-started&sol;what-is-kanban&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">kanban principles<&sol;a> to incorporate these needs during the development phase&comma; it becomes easier to launch the product&period;<&sol;p>&NewLine;<h2>It Starts With Your Internal Staff’s Mindset<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A common misconception is that customer development needs you to shelve all the information you have gathered from your market over time&period; The truth is that the customer’s mindset changes with time which might make common hypotheses that you have obsolete&period; As such&comma; customer development is a tool for challenging the market hypotheses that you have built up over the years&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">It helps to find holes in what you think is right and correct it before launching a product that is poised for failure&period; Since your internal staff might be skeptical about changing their mindset&comma; the trick is to make them see this idea <a href&equals;"https&colon;&sol;&sol;www&period;forbes&period;com&sol;sites&sol;carstentams&sol;2018&sol;01&sol;26&sol;why-we-need-to-rethink-organizational-change-management&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">from a different light<&sol;a>&period; They need to appreciate that it is a boost for your competencies rather than a replacement of the already set product development path&period;<&sol;p>&NewLine;<h2>The Process of Customer Development<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Customer development allows you to poke holes into you hypotheses instead of building your products on an idea that customers are unwilling to invest in&period; You will need to&colon;<&sol;p>&NewLine;<ul style&equals;"text-align&colon; justify&semi;">&NewLine;<li>Formulate common hypotheses<&sol;li>&NewLine;<li>Approach customers for a review<&sol;li>&NewLine;<li>Ask questions and assess the answers<&sol;li>&NewLine;<li>Identify the changes to make<&sol;li>&NewLine;<li>Repeat<&sol;li>&NewLine;<&sol;ul>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Finding out whether your ideas match with the mindset of the customer is the core principle of customer development&period; The aim should be to refine your ideas to the intricate level for higher chances of success&period;<&sol;p>&NewLine;<h2>You Are Doing This for Your Business<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">While customer development and user research intertwine&comma; they differ in a number of ways&period; The latter is meant to please the customer&period; The aim is to ensure that <a href&equals;"https&colon;&sol;&sol;yourstory&period;com&sol;2016&sol;08&sol;make-customers-love-product&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">the customer feels appreciated<&sol;a> through making product tweaks that they might want&comma; which makes it optional&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">On the other hand&comma; customer development has the interests of your business at heart&period; It is aimed at launching a business model that can be sustainable enough&period; As such&comma; it should be a non-negotiable part of your business&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><strong>Conclusion<&sol;strong><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A simple innovation can have a diversity of development options&comma; all which can either augur well with the market or be complete failures&period; Customer development ensures that you garner your efforts and resources towards success&period; Consider incorporating it into your product management strategy to embrace continuous improvement when launching innovations&period;<&sol;p>&NewLine;

Hardik Patel

Hardik Patel is a Digital Marketing Consultant and professional Blogger. He has 16+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing.

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