Cheap Marketing Shop

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Wednesday, 10 January 2007

If you want to create a great new product, do less

Posted on 06:13 by Unknown
Counter-intuitive, right? Sure was to me. We marketers are brainwashed to believe that "better" means more features. But creating value by doing less is the new horizon in product innovation. Just ask Clayton Christensen of Harvard Business School, or Mark Hart, who wrote about the phenomenon in the latest PDMA Visions magazine.

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
Email ThisBlogThis!Share to XShare to Facebook
Posted in | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • PGA Tour has lost its sense...of branding
    Sports marketing has been careening toward the cliff of excess for some time now (the wall-to-wall corporate sponsorship depicted in " ...
  • Management Innovation is the best way to achieve competitve advantage
    I wanted to point out an important post from the consistently excellent Business Innovation Insider , in which Dominic interviews Gary Hame...
  • How will things change when women run our institutions?
    Want to predict the future? Look at the demographics. And they say that in the future we'll have many, many more women leaders than we d...
  • Examples of different partnerships
    Continuing from the last post, here is an example of each type of partnership: Technology partnership: Pfizer licenses the right to market S...
  • Here's something innovative--CEOs who speak candidly of their failures and difficulties
    Interesting observations from this afternoon's CEO discussions at the Fortune Innovation Forum . Brian France of NASCAR and Brad Anders...
  • Spoken blogging in action
    Last month, I wrote about a new speech-to-text service that allows you to speak your blog posts into an ordinary telephone. Now I've got...
  • Kanter's Innovation Pyramid
    In this month's Harvard Business Review, longtime Harvard professor Rosabeth Moss Kanter discusses how companies continue to make the sa...
  • A peek inside executive severance agreements
    The outrage over Bob Nardelli 's and Hank McKinnell 's multi-hundred million dollar severance agreements still hangs like a cloud ov...
  • "Lost" as metaphor for the dysfunctional company
    Have you ever watched " Lost " and felt you were a fly on the wall watching the executives at your company interact? We just got f...
  • Courage in business doesn't take b**ls
    In the current Harvard Business Review , Kathleen Reardon of the University of Southern California made me think twice about courage. Conve...

Categories

  • adoption
  • alliances
  • awards
  • blogging
  • blogs
  • branding
  • change management
  • communications
  • Harvard Business Review
  • innovation
  • leadership
  • lists
  • management
  • marketing
  • mobile
  • mvno
  • narrative
  • negotiation
  • New York Times
  • obituaries
  • open innovation
  • PDMA
  • presentation
  • private label
  • product development
  • promotion
  • psychology
  • reading list
  • retail
  • sales
  • spoken blogging
  • spoken post
  • sponsorship
  • sports
  • storytelling
  • strategy
  • technology
  • telecommunications
  • Wall Street Journal
  • what-in-hell-is
  • wireless

Blog Archive

  • ▼  2007 (69)
    • ►  March (11)
    • ►  February (30)
    • ▼  January (28)
      • US consumers need third broadband option
      • P&G market research becoming insidious
      • The Pigou Club - count me in
      • Orange or blue? The power of brands
      • Friday comix - Procter & Gamble researchers analyz...
      • Want answers to a tough problem? Offer a prize
      • Lighting companies have a negative incentive to se...
      • Improve your presentations!
      • Dave Stein and I talk about segmentation
      • The sneaky price increase - should you use it for ...
      • Business bloggers, stop relying on Godin and Kawas...
      • Why do people love fashon but hate to admit it?
      • More more storytelling
      • Courage in business doesn't take b**ls
      • Personal networks - useful anywhere
      • Innovation means doing more with less
      • A peek inside executive severance agreements
      • Cingular an "unpopular distribution partner"...NOT
      • MVNO blog coverage breaks out of its tiny niche
      • More on the underdo strategy
      • Postscript
      • If you want to create a great new product, do less
      • Startups, ditch your business plan!
      • Software distribution partnerships--got to know wh...
      • Friday comix - McDonald's thrives despite controversy
      • The Seven-Man Clock
      • Examples of different partnerships
      • What's a "strategic alliance" or a "partnership" a...
  • ►  2006 (157)
    • ►  December (23)
    • ►  November (36)
    • ►  October (26)
    • ►  September (27)
    • ►  August (15)
    • ►  July (17)
    • ►  June (13)
Powered by Blogger.

About Me

Unknown
View my complete profile