Fully 80 percent of new products and services fail within twelve months.
The primary reason for this is that companies develop a product that solves a problem that customers don’t have.
It is like the story of the dog food company that invested many millions of dollars developing the perfect dog food—nutritionally balanced in every way. But the product failed in the marketplace. When the product developers were asked what had happened,
they replied, The problem was that the dogs hated it.”
Whatever definition of the problem that you settle on is going to determine the direction of the solution. If your problem definition is incorrect,
your solution, however brilliant, won’t work.
Sales Improvement ProcessIn my work with sales organizations, I take them through a systematic process of creative thinking.
In almost every case, the number one problem that a business faces is low sales. So I start off with a question, What is the problem?”
The first definition of the problem is usually Our sales are too low.”
Share with your friends: