According to a Microsoft study, the average online attention span is a mere 8 seconds Less than that of a goldfish! And it’s getting shorter!
To become a beloved brand, you need to constantly upgrade and innovate your products.
Understanding The Four Theories for Need Driven Innovation
While innovation is important, success starts with understanding what drives your target audience.
By understanding the four powerful frameworks , you can gain valuable customer insights:
- Maslow’s Hierarchy of Needs: What motivates your customers?
- Jobs-to-be-Done (JTBD): What real jobs are they trying to accomplish?
- Outcome-Driven Innovation (ODI): Which jobs should we focus on to increase profits?
- Kano Model: What features should be prioritized to satisfy your customers?
Tier 1: Physiological Needs (Basic Needs) : People are focused on solving essential problems.
Tier 2: Safety & Security : People seek safety in various terms.
Tier 3: Love and Belonging : The Need to Connect.
Your product or service could help them connect with others or feel part of a community.
Tier 4: Self-Esteem : Feeling Valued.
This isn’t about achieving a perfect life, but rather a constant journey of growth and becoming the best version of yourself.
They are drawn to experiences or products that allow them to express themselves creatively or make a positive impact.
Everyone has their own unique path to feeling fulfilled.
Maslow’s hierarchy is flexible!
Maslow’s hierarchy isn’t a one-size-fits-all model.
We can crave multiple needs simultaneously, and their importance can shift depending on our circumstances or personality.
It allows you to see the world through your CUSTOMERS’ EYES and understand what motivates them.
Want to know more about Maslow's Hierarchy of Needs? We'll have a dedicated blog post exploring it soon, so keep an eye out!
Ever wonder why someone chooses your product over the competition? It’s not just about age or income (though those might play a role).
Traditionally, businesses focused on demographics (age, income) and psychographics (values, interests) to generate ideas to understand customers.
However, this approach has limitations:
- Ideas might not be what customers really want.
- Ideas might not solve important customer problems.
- Ideas might not fit what the business does best
The Hiring Mindset: Your Customer is the Boss!
Your customer is actually interviewing products (including yours!) for a job. They want the best candidate to tackle a specific task. If your product does the job well, they’ll “hire” you again next time. But if it disappoints, they’ll “fire” you and move on to the competition.
For example:
- They don’t “buy” laundry detergent; they hire it to get their clothes clean.
- They don’t “buy” a fitness tracker; they hire it to help them reach their fitness goals.
Real-Life Example of JTBD:
Take Uber. People “hire” Uber not just for transportation, but for reliable and instant transportation through an app.
This eliminates the stress and uncertainty of waiting for taxis or public transportation.
Ultimately, Uber helps customers get to their destination feeling empowered, safe, and in control.
By mastering JTBD, you’ll gain a superpower: the ability to create products and services that customers truly love.
This is just the tip of the JTBD iceberg! Stay tuned to delve deeper! In an upcoming blog post. There, you'll explore everything from the key elements to Conducting JTBD Interviews.
This approach, based on Jobs-to-be-Done theory, focuses on a crucial question:
What problem are customers trying to solve?
Here are the Key Steps to Implement ODI Effectively:
How ODI Benefits Your Business?
- Boosts success: Launches, marketing, sales, and product development all benefit from understanding customer needs (ODI helps you do that).
- Uncovers opportunities: Find new markets and develop new products based on customer needs (ODI helps you see them).
- Improves decisions: Make better strategic choices about digitalization, M&A, and R&D with customer insights (ODI provides them).
- Strengthens your organization: Aligns everyone around customer needs and improves the customer experience (ODI makes it happen).
Are there needs your current offerings don’t address?
Are there different needs for different groups of customers?
Without this knowledge, innovation is a gamble.
Outcome-Driven Innovation (ODI) changes the game. By investing in understanding your
customers’ needs upfront, ODI helps you develop solutions that truly resonate. This avoids the costly cycle of guesswork and makes innovation more strategic and predictable.
By investing in understanding your customers’ needs upfront, ODI helps you develop solutions that truly resonate. This avoids the costly cycle of guesswork and makes innovation more strategic and predictable.
To delve deeper into ODI stay tuned. As in our upcoming post we would cover everything in detail from The Customer Need hierarchy to the Opportunity Landscape.
Ever wonder what features turn satisfied customers into brand loyalists?
The Kano Model, created in 1984, helps prioritize features based on customer satisfaction.
Kano’s model classifies features into five categories:
- Must-Haves (Threshold Attributes): Essential features customers expect.
- Satisfiers (Performance Attributes): Features that increase satisfaction as they improve
- Delighters (Excitement Attributes): Unexpected features that impress.
- Indifferent Attributes: Features customers don’t care much about.
- Reverse Attributes: Features that can backfire, even if high quality.
So, how do you discover how customers feel about your product or service?
Kano analysis uses two key questions:
- If you have? (Functional Question)
- If you DON’T have? (Dysfunctional Question)
By analyzing the answers, you can categorize each feature and prioritize which ones to focus on.
How Kano Model will help you for your product development?
- Prioritize features faster: Helps choose what to build first, saving time and money.
- Focus on what customers want: Identify features that truly make a difference for customers.
- Build products customers love: Create products that satisfy and delight customers, leading to higher loyalty.
- Uncover hidden needs: Discover what customers really care about, even if they don’t say it directly.
- Make informed decisions: Get valuable insights to guide product development.
Related Post
Takeaway: Build Products Your Customers Love
Building a successful business goes beyond just creating a product. In this blog we explored the importance of understanding your customers’ needsand desires.
In Movies, you would have seen a person get an idea, work on it, and make a business out of it. But reality is different. You got to work with analysis, surveys, and then invest your time and energy on something that brings value to YOUR CUSTOMER.
By prioritizing your customers’ needs, you can create products they love and build a successful brand.
Get excited about the journey! Dive into your customers' world. Build a brand that means something real. Your dedication will turn your vision into a beloved reality. This is how you create a lasting legacy.
Article Contribution by – Devika Kovachi & Sapna Garg