Comment on Caos PDF Print E-mail
Written by Jeb Bolding   
Friday, 10 October 2008 22:44

I often go by the451 Open Source forume (CAOS Theory). Noticed an interesting position about open source adoption impact in a down economy.

http://blogs.the451group.com/opensource/2008/10/08/the-other-value-of-open-source-in-this-economy/

Instead of retyping or copying my comment, check out the above link.

Well, one link wasn't enough. I also just had to throw in my 4.75 cents worth around an OS X based Netbook.

http://blogs.the451group.com/opensource/2008/10/02/apple-may-mix-up-netbooks-linux-still-looks-good/#comment-283712 

Last Updated ( Friday, 10 October 2008 22:50 )
 
Surrounded By Subject Matter Experts PDF Print E-mail
Written by Jeb Bolding   
Wednesday, 08 October 2008 16:19

How to Make Sense of SME Assumptions

I've walked into several companies with little or no expertise in the market that the company addresses. That being the case, I'm almost always faced with the question of how to become useful in a relatively quick amount of time. These people know more about their customers, know more about their business, and have the internal personal relationships in place that allow them to get things done within the organization. All of which, I don't have.

I tend to have a fallback position walking in as the new product manager. My first meetings in the company tend to focus around features and customer need perceptions around those needs. I build a feature prioritization weighting with the goal of adding methodological introspection around WHY the features are important and what impact they will have for the company and its customers.

The next step (well, some might argue that it's really the first step), is to create a series of personae which model the end users as well as the channel users (if there are any).

These two steps are important because in both cases, you are asking the SMEs within the company to think about their customers, and their customer's needs in a systematic way. 

Why?

It's  often the case, I've found, that companies, particularly small ones, are so involved in their customer development as they evangelize their products, that their assumptions about their users have become truisms that few tend to question. Often, we call this "drinking the Kool-Aid."

It's not as if creating a spreadsheet of features and weights is hard, it's not, nor is creating a few personae with attributes. But, most companies, large and small, don't regularly evaluate their assumptions about their customers; certainly, not every six months (1/4 of a lifetime if you have a web business).

Coming up with key features, evaluating them against personnae and business objectives and then discussing priorities with vested interests will do two things for you. First, it will make you immediately valuable because it's inevitable that people will have "aha" moments looking at your documents and think that you're really smart. And, second, it will be the first step in transferring their SME knowledge to you.

The next question, then, is how you keep yourself from drinking the Kool-Aid and getting lazy about your product and customer assumptions. 

Last Updated ( Wednesday, 08 October 2008 17:13 )
 
Building the Product PDF Print E-mail
Written by Jeb Bolding   
Thursday, 11 September 2008 00:00
Timing
 
One of the things that product development books really never talk about is timing. Timing the product, marketing or idea that you're proposing.
 
There are plenty of great ideas that make it into the market...and, fail; only to be resurrected, in seemingly identical form, a few years later; all to great fanfare and success.
 
Why?
 
First, note that I don't believe there is such a thing as definitive metrics that will tell you if your timing is correct...if there were, then we would all use them and every product would be a success (minus the impact of execution). Though, that's in parentheses, I don't want to downplay the impact of product/market execution. As one VC said to me once, I'd rather invest in a mediocre idea with spot on execution than a briliant idea run by flakes.
 
Since there are only directional indicators that help in determining timing as a butress to the release of your product, what are those indicators and how do you determine that those indicators are present in a given market?
 
Indicator 1 
Product consumers believe that the problem is worth money to solve, and, are willing to pay more than a $ for it.Laughing
Indicator 2
Corollary to the first indicator, the general financial market supports the product as either a boom product or contrarian product.
Indicator 3
Your product doesn't require explanation to the majority of survey-ees, the "aha" moment is quite obvious to the potential consumers. {it should be noted that this is all about timing...I'm not presuming that some products can come out before the market is ready, it's just that they have missed market timing and may require significant evangelization.}
Indicator 4
If you are in an existing market, you have a way of surpassing the value of competitive commodities. And, if you believe you're in a blue ocean market see indicators 1 and 2.
 
This is one of those situations where I could probably add another five indicators. However, these are the ones that if any of the market research comes back negative on, you have an uphill battle and will spend most of your time evangelizing the need and usefulness of your product.
 
All that said, once you have the indicators down, how to you go about validating a yea! or nay! to the indicators?
 
Indicator 1 Validation
 
Last Updated ( Wednesday, 24 September 2008 22:43 )
 

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