
Christensen (the most quoted man in innovation today?) discusses the concept in the December Harvard Business Review, focusing on social services (link - $$). One example cited is MinuteClinic, which started in Minneapolis providing walk-in health services at CVS drugstores (CVS subsequently acquired MinuteClinic).
MinuteClinic treats a finite set of common maladies with nurse practitioners, not doctors, with reasonable cost and a high-level of convenience. Is MinuteClinic service "better" than treatment from the Mayo Clinic? No, but it's good enough, much cheaper and more convenient. That's the "underdo" strategy in a nutshell.
Mark Hart's example is 37signals, a company that evolved an internal need for simple, Internet-based collaborative project management into Basecamp, a product now used by more than 500,000 users and awarded "Best of the Web" by Business Week--even though it does much less than Microsoft Project. Which of course is the point.
(Picture: a Rube Goldberg device from Wilf Ratzburg via stock.xchng)
innovation, product development, marketing, Harvard Business Review, PDMA, business
0 comments:
Post a Comment