Sunday, April 20, 2008
A little conflict goes a long way
My only problem with this is the way it might appear to others. As a team leader, I would rather redirect the discussion than just make a decision on my own based on the team input. Only in extreme situations should an executive decision be made. The group may feel that their efforts were for nothing. In truth, this isn't the case at all, but what your employees see is what they really see. You can't necessarily tell them how to feel about a situation. When they feel like they are being underutilized, or there hard work wasn't appreciated, the morale and mental attitude of the group can change greatly. It is more important to have a motivated, effective, and participating group than make one simple decision. When using these tactics involving conflict, you must think about the long term effects on the employees. If bickering is a common situation, some may be turned off by it.
Sunday, April 13, 2008
Keep The Creative Juices Flowing
Although it seems easy enough to take continuous feedback into consideration through this flexible product development process, but how do you keep a competitive advantage against other industry competitors? No matter what, in the end, if you miss that chance to get ahead, that could hurt you more than imaginable. I think the most obvious solution is to utilize the Internet much more. I know the article talks about Internet time, but that time quickly diminishing everyday. As fast as information can be attained on the Internet, it is becoming more difficult to compete with other companies. Because this article was written in the nineties, the future importance of the Internet wasn't even fathomed yet.
Another point I wanted to make was about the importance of the company's insight. Although consumer needs are vital to creating worthwhile products, product developers sometimes have to take matters into their own hands and focus on what they feel may be the right decision. A lot of consumers don't even know what they want, and if that is the case, company's have a chance to sort put their two cents in. Customers will take or leave this information, but it will at least get them thinking.
Thursday, April 3, 2008
Sometimes Its Better to Just Jump
The concept of a life cycle has been used for years and years, and has been slowly applied to different topics. Although the visual representation of the concept has evolved over the years, it is still the same basic set-up: you have a rapid decline, a plateau, and then a steady decline to it's end. For marketers, the product life cycle is something they must completely understand and pay attention to. No matter what point a product may be on, it is always important to pay attention to what has happened in the past, what the current situation is, and what to expect in the future. In the article Darwin and the Demon, the life cycle of innovation is discussed. The term "innovation" is a very vague term, but the author, Geoffrey A. Moore, separates it into eight separate types.
Still, I believe that there is something that companies should strive to be better at than their competition: the first three innovations in the life cycle, which are Disruptive, Application, and Product Innovations. Last we week, we discussed Guy Kawasaki's concept of "curve jumping." Once a certain product or technology is on the decline, such as land-line telephones, the next new product will already be growing, like the exponential growth in cellular phones. Curve jumping implies being on the front line of new, developing products so your company is never completely on the decline.
Since both of these cycles (product use and innovation) basically overlap, shouldn't it be important to also stay on top of the first stages of the innovation cycle? They are all the initial steps into creating a new and unique product. The other five (process, marketing, business model, ad structural) are almost secondary to the first three. By creating committees or sectors strictly focusing on what problems may arise in society, and how these issues can be solved, product developers will be on the front line of development. This can also apply to current products, and concepts such as product rejuvenation. With new needs in society popping up all the time, but consumers still wanting to have some consistency in their lives, becoming leaders in disruptive, application, and product innovations will only help. Companies need to be aware of these voids that may occur, even if the consumer doesn't know what is coming.
The bottom line is this: Although it may not seem externally obvious, if companies focus on beginning stages of innovation, they will have more of an opportunity to have consistent productivity. This is no way promises an automatic competitive advantage in the marketplace, but will give companies the upper-hand when it comes to curve jumping, which should be the ultimate goal.
