Archive for the 'Customers' Category

You want to start innovating, but how do you pick a winning idea?

One can picture a food or wine connoisseur or a fashion analyst at the catwalks of Paris, or a highly skilled auto engineer at a super car company. These highly specialised experts in their fields know what works in their field. And, because they are so expert, arguably, they are not put off by ideas that to others may seem radical. To experts, who have seen and understand much, to explore newness is an invitation to continue developing rather than accept normal incremental improvements so often prevalent. Perhaps we need to be more like the ‘connoisseurs’ so we can actually spot a useful idea next to a fad, mad or bad one.

The question about how one might cultivate intuition might be considered through the way in which airlines teach their staff to ‘Notice. Understand. Think ahead.’ This process was introduced to actively teach their staff to think about the impact of what they observed in flight. For example, whilst it is fairly inconspicuous to see someone with a lighter, this is extremely dangerous on an aeroplane mid flight. Many people would notice such an activity and stop there, perhaps thinking (intuitively) “something’s not right there” but doing nothing about it. Cabin crew are trained to understand what they see – that is, stop when they get a ‘feeling inside’ and seek to understand the impact it might have. Finally, they are taught to think ahead. The process follows; a) notice a person with a lighter, b) understand that this could start a fire c) think ahead about the dangers this presents and the danger that person may be willing to cause. Then, set about a course of action to mitigate the risks.

Western Union described Alexander Graham Bell’s telephone as an electrical toy and had no use for it. History is peppered with lost opportunities like this one. So, if you are looking to start a business, analyse your idea first by noticing things, understanding the impact if you could change them and think ahead about the greater impact it could have. Follow this idea and you just might be onto a winner!

NPN member C-innovate presents at the UK’s biggest and most influential event for policing

Paul Hampton and Jool Heller Dixon from C-innovate have recently presented at the ACPO-APA International Policing Exhibition and Summer Conference (held July 7/8/9th) – www.acpo-apa.co.uk/ The joint presentation with Northamptonshire Police took place at a Vodafone seminar during the event. The presentation focused on Northamptonshire Police’s roll out of mobile technology and the benefits they were receiving from the implementation. C-innovate have been working with Northamptonshire Police since mid 2008 on the roll out. If you would like to know more about our work drop us an email at info@c-innovate.com or visit www.c-innovate.com

Is recession a good time to start a business?

Lay-offs, redundancies, reduced working hours and financial hardship are headlines that seem to dominate the news, and with the UK officially in recession we will doubtless hear much more of them over the coming months. Companies like KPMG are taking unprecedented steps and asking employees to accept shorter working weeks or time out to prevent colleague redundancies.

But could this hardship also reveal an opportunity for some people to start their own business? During the last recession in the early 1990’s, redundancy and lay-offs lead thousands of people, otherwise seemingly content in their day to day lives, to strike out on their own. Many famous entrepreneurs including James Caan, of Dragon’s Den fame, found their first business successes when the chips were down.

In a recent article in The Times, Sir Richard Branson made clear his belief that the next generation of self-made billionaires will emerge from the corporate wreckage of this recession. In his words “Fortunes are made out of recessions. A lot of entrepreneurs get going in the economic depths because the barriers to entry are lower.”

So, if you’re caught up in the present turmoil and find yourself out of work or with extra time on your hands, should you consider revisiting that great business idea that’s been lurking in the back of your mind?

The team at the The New Product Network can help you answer this question. We’ll help you test the strength of your idea, give you impartial feedback as well as help you take the first steps into business. As part of one of the UK’s most successful business incubators we’ve got a wealth of experience to share .

Call us on 01273 704400 or email npn@sinc.co.uk

What’s your game? Psychology meets technology

In this podcast, we speak to Dr David Lewis, Director of Neuroscience at The Mind Lab, about how he and his colleagues research and analyse peoples’ emotional responses to a range of real-life issues, products and situations; and to Dr Graham McAllister, the founder of Vertical Slice, who discusses with us his cutting edge work in the computer games industry.

Message in a bottling economy

Its hard work, it has taken long enough to persuade the techie to think about marketing at all, then it was benefits rather than features and now we have to go back and say re-think it all as the economic climate has changed.  A good example is the number of new clean-tech products I see where the only marketing message presented is about the reduction in the carbon footprint, that’s great but it will probably save you money as well and this year that counts.  So keep reminding yourself that your marketing has to align with your potential customers’ need and these can change – recognising and reacting to these changes are the mark of a successful company – even in a recession.
Mike Herd

Is it just me!

One of the frustrations of helping new businesses start-ups is the amount of poor marketing advice that is doled out, usually by marketing consultants as a means of getting a company with little funds to splash out on a glossy brochure or a flier. There is nothing wrong with good marketing collateral, and indeed it should be a key part of brand and profile building, but not without a marketing strategy, a sales model and a good understanding of what you are trying to achieve and how.

So how delighted was I to receive through the post (I must have ticked a box somewhere) a Business Link book offering an Easy Step-by-Step Guide to Marketing. Not only that, the book had a bright yellow additional cover emblazoned with my own personalised title – ‘Mike Herd’s book on Marketing to Win More Business’. Stunning, if it had been a book on how to sell pointless marketing material to Business Link, I would have been impressed, but as example of how to use marketing to win more business it bombed.

Should you judge book by its cover? Hope not!

Mike Herd

Sussex Innovation Centre – November 2008

Your Benefits Claim

One of the frustrations of working with new product and technology entrepreneurs is that they can have a very blinkered idea of their markets.  Often their business idea comes from solving a problem in the market where they have experience.  This is perfectly reasonable, but can be very limiting. 

 

A good example is a SInC company that developed on-body motion-capture technology.  The product is superb and takes away many of the limitations of doing mocap for film, TV and games animation within a “light studio”, therefore quite reasonably they focused on the media markets.  What they soon learned (mainly from their customers) was that their technology had enabled whole new mocap markets in industrial design and ergonomics, sports medicine and biomechanics research.  Each of these new markets is potentially bigger than their initial primary market.

 

So a key aspect for new technology entrepreneurs is to keep an open mind to potential markets and to finds ways to promote the innovation far more widely, you may find customers where you never expected.  This is one way that a good incubator can help as they can access their networks to canvas market feedback for new products.

 

As we enter an economic downturn, it becomes even more important how companies present and market their products and services.  Now, it’s not just about being flexible in targeting your markets, what about re-aligning the benefits of your product to the changing concerns of your customers.  Last year they may have wanted quicker now they want more efficient, companies are less concerned with carbon footprints and more with saving fuel.  It’s important to re-assess the features of your products and make sure they best suit to your customers ‘perceived’ needs.  As the marketeers would say – “where’s the customers’ pain”, well check it hasn’t moved!

 

Mike Herd, Sussex Innovation Centre, July 2008

Customers really are the hands that feed you!

On Thursday I was up at the House of Commons to attended a workshop run by the National Business Awards entitled “Innovation, Evolution or Revolution”.  http://www.antara.co.id/en/arc/2008/6/12/uk-plc-must-invest-more-in-r&d-to-compete-worldwide-report/.  I really enjoy visiting Westminster Palace and keep telling myself that I must make the time to take the family on the tour of parliament.  The event itself was hosted by Andy Love MP, Chair for All-party Parliamentary Group for Small Business.  It was well staged with a nice mix of panellists (including Lord Karan Bilimoria, Founder and Chairman Cobra Beer Ltd, and Martin Lyne,  Marketing Director of Small and Medium Enterprise Orange), and there were certainly no punches spared in a fairly damming assessment of innovation in the UK.

 

One particularly interesting statistic that came out (originally from a Cordis report, “The Power of Customers to Drive Innovation”, www.cordis.europa.eu) is that while most companies recognise customer conservatism and lack of awareness as principle obstacles to innovation, only 15% of UK companies engage with customers in developing product innovations.  Some of the panel thought this would all be down to manufacturers and that service companies are much more in tune to customer needs.  On the latter point, h

ow often have you walked down the High Street only to see the shop-fitters’ van outside that sought-after bijou retail outlet, just crying out for more Gaudy Gifts and Scented Candles or for that matter yet another mobile phone shop, and think “I give it six months”.  No,

it’s not just manufacturers that fail to do the blindingly obvious thing and ask potential customers what they think

, even if they do run the odd product focus group.

A few years ago at SInC, www.sinc.co.uk,  we made the decision that even within a technology incubator environment where investment is often seen as the key driver, for most companies trying to find a customer was a much more productive first step than searching for an investor.  We therefore changed the focus of our activity from finance, business plans, investment pitches and business angels to sales, marketing, product presentations and customer networks.  This change has been instrumental in maintaining such a high success rate in building sustainable businesses.  It also helps to reduce the time to market for many new products and technologies.  We have been pleasantly surprised by the positive reaction of large corporates to provide constructive input and customer mentoring to our companies.

Customers really are the hands that feed you.

Mike Herd, Sussex Innovation – June 16th 2008