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Differentiation becomes easier now because your relevance quotient is much higher in your chosen markets versus horizontal-only competitors. It’s the easiest way to differentiate and not get forced into competing on price. Many companies go vertical as their products commoditize. ROI on The Product Management Maturity Model.
Consultants do this all the time when they sell workshops. And sometimes, the Buyer delegates the content of the workshop to the Customer.) Differentiate Buyers, Users, and Customers for Effective Product Decisions appeared first on Johanna Rothman, Management Consultant. Often, senior management is the Buyer.
Hold these workshops at least once every three months and invite development team members and key stakeholders to them. Will the technology help you better differentiate your product ? I recommend that you assess the strategic impact of a technology in the form of regular, collaborative product strategy reviews.
A Workshop Kicks Off a New Commitment to Discovery Teresa: It sounds like recently, you had a workshop that had a big impact. I initiated a workshop as a kickoff for 2024 saying, team, I see we’ve done a great job in the define and measure phase and build phase, but I feel like we’re still lacking the discovery phase.
Use Collaborative Workshops to Review and Adapt the Strategy. Collaborative workshops with the key stakeholders and development team members are a great way to jointly review and adjust the product strategy. Having a dedicated facilitator allows you to fully contribute to the workshop. Are there new market entrants?
There’s a lot of overlap in skills between builders and optimizers, but what really pushes the differentiation between them is what lights the types up, as well as what burns them out. Join other passionate, product people on a Mind the Product workshop. Balance and Growth.
My first MVP had little resemblance with the finished product: I used my product strategy and roadmap workshop as the initial minimum viable product. Taking into account the questions and feedback of the attendees allowed me to refine the book’s value proposition—and improve the workshop. Minimum Viable Product #2.
If clearer differentiation and greater sales success are on your A-list, dispel these three product marketing myths and you’ll be on your way. Differentiating individual products is like splitting hairs. Here’s the funny part. Here’s the thing.
For all of you pre-sales solution consultants and sales engineers looking for new ways to differentiate your demos, step away from your products for a quick minute. The Simple Secret to Differentiation Think about someone you really enjoyed buying from. Solution Consultants and Differentiation Here’s the bottom line.
Those are the differentiators.” — Dan Pink, Atlassian interview By painting a picture of a world that had transitioned to sustainable energy, Musk was giving his employees a unified sense of meaning, reinforcing what sits at the centre of providing purpose? a 5-day period of workshopping, making and testing.
It starts with workshops, and they bring in people from all kinds of industries—energy, economy, etc.—who Marketing and technical people sit in on those workshops, which happen every two years or so. We learned that achieving innovation success has not gotten easier over the 35 years of the OCI award.
Sometimes, these rarely mentioned needs represent the greatest opportunities for competitive differentiation. As Carmel pointed out, the frequency with which a need is mentioned doesn’t necessarily correlate with its importance.
Through his talks and interactive training workshops, Dan helps companies build great products and strong product teams. We make sure our MVP addresses those differentiating needs. Through his talks and interactive training workshops, Dan helps companies build great products and strong product teams.
But there’s a common gap that exists in most presales demos, and it not only takes the impact out of your value story, it also erodes your differentiation. It also ups the ante on your differentiation. Here’s the other point, and it goes to your credibility and differentiation.
Use Themes to Differentiate. Lastly, find the common value thread in those scenarios and use it as your headline or differentiation theme. Build messages around real-world customer scenarios with emphasis on WHAT buyers are trying to accomplish in those scenarios and WHY each is important to their success. Save the HOW for training!
Brand Value & Competitive Differentiation Every technology company touts the benefit of their platform and the seamless product integration, yet products are largely managed and marketed in silos. What most technology companies aren’t touting is business process integration and the value to the customer, the real point of differentiation.
She’s an experienced facilitator of workshops, so at this year’s London #mtpcon she shared some practical ways to get teams to work together more productively. Many of the techniques used to run workshops can also be applied to the day-to-day running of a creative team, says Coward.
Competition: Is your product still sufficiently differentiated ? A great way to achieve this is using collaborative workshops and choosing a decision rule such as unanimous agreement or consent. Trends: Are there any new technology , regulatory, or social developments that you should respond to by adapting the strategy?
Redirect the focus of your value proposition to the capabilities that address larger scale issues such as growth or competitive differentiation. What if you don’t have every productivity or efficiency feature? No big deal!
If you and all of your competitors are serving vanilla ice cream to buyers, you’re missing an enormous opportunity to differentiate and improve your win rates. In other words, it’s your superior knowledge of the customer’s business that differentiates you. It’s simple and it meets the most basic criteria for a dessert.
I bet you've been in a class or a workshop over the past few weeks. Here's how I differentiate the terms: A class includes discussions, polls, or some other interactions. A workshop includes activities, often before and after a session in a multi-session workshop. Public or custom private workshop.
Workshops in Atlanta November 20th and Orange County, CA December 10th. How To Differentiate Your Product When Competitors Solve the Same Problems. Short and to-the-point tips for positioning greater value, differentiation and generating more revenue from existing products. Want to drive more revenue from existing products?
I offer custom workshops to my clients at a much higher fee. Sometimes, those facilitation techniques are part of a workshop, but more often as consulting. For example, if you only offer certification classes, what differentiates you from all the other people who do the same thing? I still differentiated myself.
That credibility is often what differentiates you in the end. Competitive Differentiation The lead story here is not a feature comparison matrix. It was easy for salespeople to understand, internalize and repeat in their own communication style. The reason they loved it is because it made them more credible in front of prospects.
I’ll also be leading a workshop with Sudhi Gulur from Boeing, applying the Lean Canvas as a minimum viable business case. Rituals associated with a product creates differentiation. Five educational tracks and 30+ sessions. Learn more at [link]. Products outside the norms of a category create anxiety for consumers. Read more at [link].
Strategic decisions include delineating the product vision, value proposition, product differentiators, and product roadmap. Recently I ran a product planning workshop where we needed to decide which experiments to focus on to affect our conversion metrics. Both require a product manager to be the decision leader.
On this month’s podcast ( Episode 130 ), I provided some tips on how to differentiate between a product strategy and a go-to-market plan. When companies call me to deliver strategy workshops, it’s usually because they feel that their teams are not being “strategic” enough. Dear Strategy: Episode 130.
Simplicity is also the easiest way to differentiate. If you want to learn how to create your company or product positioning in 10 slides using the guidelines above, contact us about a personalized workshop and walk out of the classroom with your positioning deck. Company info should be the dessert, not the appetizer. Easier to sell.
Problem: The market is saturated, and it’s really hard to differentiate. Call to action: We’re going to have a private workshop with this company called StoryBrand. If I’m a team manager, my team is the hero. I could communicate to them like this: Character want: We want to dominate the market.
Even when I've offered workshops about the topic at hand, I always learn when I write. If you want to experiment with me, please see Writing Workshop 1: Free Your Inner Writer & Sell Your Nonfiction Ideas. You still have time to register for the next workshop, which starts May 19. Check out the workshop.)
The result will be higher-value multi-product solutions and a value story that easily differentiates you from the competition. Contact us about a personalized onsite workshop for your products, your markets and your business model. Both equate to more revenue!
Over the course of a recent two-day workshop, I saw cross-functional teams from product management, marketing, sales, and professional services change the way they articulate value to our chosen markets.
Want to learn how to create your differentiating value story in demo format? Contact us about a demo workshop where you’ll learn how to deliver outcome-based value demos that shorten sales cycles and create a greater urgency to buy. The 70/30 Demo Script. Related Articles here.
Arin has even successfully conducted customer workshops with Lego bricks. The whole essence of this, I was a part of the journey to lead with design-based differentiation, and that was a huge draw. We were getting into a newer market around data ops, so we pulled together a customer workshop with over 30 customers. Fergal: Cool.
The product-focused approach helps you deliver a clear product value proposition, improve your brand image, and demonstrate competitive differentiation. Event marketing Event marketing involves organizing or participating in industry conferences and workshops to build brand awareness. Product-led blog content. Email marketing.
Market All business messengers had become homogenised, we needed to differentiate. Along with this brief, we ran workshops with teams and leaders to gather ideas on what the vision for Messenger should be. These workshops served three important purposes: Set up an inclusive and collaborative working group.
The Briefing consists of a workshop with the team (usually one to four hours) to present the project's vision/goals and clarify all the necessary business requirements. The main goal is to leverage the knowledge and skills of existing players while assuring feature/design differentiation. See below: Briefing. Conclusion.
Moreover, NPDP Certification is differentiated by its not-for-profit status as an organization of internationally recognized academic and professional experts. You can complete training for this certification online, at workshops, conferences, and other education partners, allowing for flexible personal preferences.
If your sales and product marketing teams finds themselves in the Nobody Zone too often, sign them up for a Product Management University workshop where they’ll learn how to separate the contenders from the pretenders, ask the right questions and articulate differentiating value in the language of the buyer.
In fact, we believe so strongly that this framework helps transform product organizations that we host workshops about it across the globe. We started out doing what we do at our north star workshops: examining our product strategy. This isn’t just a “set it and forget it” thing we do at the leadership level.
Kickoff workshops. The kick-off process started with a bunch of workshops involving Xeropan’s CEO, developers, and marketing and language experts to find out more about the industry, the company and their customers. Kickoff workshop with the Xeropan team. We started digging. 2) Navigation and structure. The problem.
However, too many organizations don't differentiate between what they need to ship as experiments and when to finalize the product. I can then choose what to finalize in the form of a much longer effort, such as a long workshop or a book. I'm not going to change a complete book or workshop once I deem it done.)
In the same way, when Barry asks people what their organisation’s mission statement is, he’s usually met with fairly default offerings and generic platitudes that fail to offer any differentiation. You can also stay up-to-date with Barry’s work, including his upcoming talk and workshop dates at his website, barryoreilly.com.
Sometimes, these rarely mentioned needs represent the greatest opportunities for competitive differentiation. As Carmel pointed out, the frequency with which a need is mentioned doesn’t necessarily correlate with its importance.
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