How to build productized services with the Productize Pathway®
Efficiency gains from AI have made delivery faster, which makes the economics of custom project work less feasible. Productizing services is the practice of turning...
Celebrating Productization Success with Your Team & Organization
Productization is a journey that can involve innovation, digital transformation, and business model changes. Long-term goals of scalable revenue and profitability can often seem far away. This blog aims to give you practices you can bring to your organization to keep your team motivated by identifying and celebrating successes and quick wins.
8 Triggers for Productization
As markets evolve and industries face new challenges, many firms find themselves at a crossroads, contemplating the shift toward productization. Productization can significantly enhance valuation, streamline operations, and boost competitiveness. But what triggers a professional services firm to productize? Let’s explore the eight most common reasons that move B2B services organizations from traditional service models to a more productized approach.
4 Lessons in Product Management
“The report of my death was an exaggeration” - 4 lessons from Airbnb’s restructuring of Product Management
.png)
New Offering! Productize Pathway® Subscription Solution
The Vecteris team is excited to announce the launch of the Productize Pathway® Solution, our new offering that is designed to power your success in productization transformation and growth.
How To Mitigate Cannibalization Risk From New Products
“I don't want this new product to eat away at my existing business.”
We hear this a lot.
So many executives get caught up in the fear that new products will detract, or worse destroy, their existing business. Total or partial cannibalization can occur when a new product moves customers away from current service offerings or product lines. It is a legitimate concern, but the right framework and strategy can help companies stay competitive and turn potential threats into opportunities.
What Is An Urgent And Expensive Customer Problem?
I was explaining to a client the other day that the biggest mistake I see companies make when developing new products is developing a product that does not solve an urgent and expensive customer problem. Turns out he’d heard me say that before. Many times.
In a Crisis, Use Lean Competitive Analysis
Many of our clients have been asking us for advice on how to stay competitive in this rapidly changing world. Customer behavior is changing rapidly and, if they are financially healthy, your competitors are likely innovating to adapt to these changes. Other competitors may be struggling and could become acquisition targets for you to bring on new assets or new customers or both. How do we stay on top of all this?
Enter: Lean competitive analysis
Enter: Lean competitive analysis
Great Product Innovation Starts with an Urgent & Expensive Problem
“What’s the biggest new product development mistake you see companies make?” a client recently asked me.
How Do I Get More Juice From My Customer Interviews? 5 Tips For Understanding Customer Need
Understanding our customers—or more specifically their
urgent and expensive problems
—is the key to developing a successful product. I’ve seen too many companies waste time developing a new product that no customer wants or needs. This often happens when a CEO develops a product because they have fallen in love with an idea or a technology or are trying to out-do a competitor and they don’t want to take the time to talk to any customers about what real-life problems they are solving.
