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The Innovation Series Number Nine
February 2008
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In this issue
-- "The Guy Who Invented the Wheel Was An Idiot..."
-- Technology is not enough
-- The better mousetrap won't do it either
-- PROMOTE RELENTLESSLY! -- Develop a compelling tagline -- Follow up on Designer Desks USA feedback. -- Designer Desks USA feedback-based decisions -- Just a reminder
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"The Guy Who Invented the Wheel Was An Idiot..." ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
In the previous issue of this series on Innovation, I
posed the question, "If You Had Invented the Wheel..."
It included 25 questions that helped you think as the
inventor of the wheel might have; they also were a
checklist for innovation. In case you answered those
25 questions, the title of this issue is not a reflection on
you. The full quote is as follows: "The guy who
invented the wheel was an idiot. The guy who
invented the other three was a genius." Sid
Caesar, comedian.
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Technology is not enough ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The point of the quote is well taken; technology by
itself does not change the world, it is the
application of
the technology that brings about true change.
Further,
it is not the company with the best technology that
always wins, but the one that applies it best.
Unfortunately, nowadays applying it the best may still
not be enough.
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The better mousetrap won't do it either ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ralph Waldo Emerson said, "Build a better mousetrap
and the world will beat a path to your door." The great
thinker of the 19th Century was brilliant, but he blew
this one, perhaps because marketing was not his
thing. Building a better mousetrap won't do the
trick if
the world doesn't find out about it. If the world
doesn't
hear, see, and try it, you can be sure the "better
mousetrap" will become the world's best kept secret.
People don't buy products and services they know
nothing about, which brings us to the message of this
issue:
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PROMOTE RELENTLESSLY! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You can't be tentative. Make a lot of noise,
generate a lot of buzz, toot your own horn, beat your
own drum - whatever clichˆ© you prefer -
but get it out there!!!
Traditional "Business Common Sense" would probably advise that you hold off on promoting something that is still not "market proven." But "Business Common Sense" doesn't always make sense. In fact, it probably has killed more inventions and innovations than it has launched successfully. Yes, the innovation could fail, or be faulty, but innovation is about Trial and Error, and Fixing, and Trying Again, and Again, Until You Get It Right!
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Develop a compelling tagline ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Best-selling marketing book Blue Ocean Strategy
emphasizes the importance of developing a
compelling tagline as a key element of promoting
innovation. It suggests, for example that the tagline of
Southwest Airlines could be "The speed of a plane at
the price of a car - whenever you need it." It seems
too long to me, and not catchy enough. Developing that compelling taglines is no mean task. Very few companies have been successful at this endeavor. Most taglines are bland; many seem not to have any relation with the product or the company. Take a look at some of the following:
Now let's take a look at some taglines that come closer to the companies and products they represent:
According to the authors of Blue Ocean Strategy, good strategy must have a clear and compelling tagline, and advertise the offering truly. As you can see, however, coming up with one isn't easy. As usual, the best place to start is with the customers; what do they value the most that no one yet offers them? Find that, and put it together with some catchy words and you will have a good tagline. By the way, taglines don't last forever; when was the last time you flew on United and felt you were "Flying the Friendly Skies?"
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Follow up on Designer Desks USA feedback. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
First, here's the feedback:
Ten different types of customers provided interesting and insightful feedback.
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Designer Desks USA feedback-based decisions ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
In view of the interest shown by these eight types of customers, and the need to reach out to potential customers directly, set up an online marketing campaign. Continue market research to discover - or create - potential variations on this flexibility concept across different types of office furniture.
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Just a reminder ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
In case you may have forgotten why innovation is so
vitally important for business success and survival in
these a fast changing times, here are some reasons:
A MOVING WORLD DOES NOT TOLERATE INANIMATE OBJECTS. GET MOVING!
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Contact Information ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
email:
mykwyn@aol.com
phone:
(630) 420 2605
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