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Home:
Innovation Methodology: Position Current Offerings |
Reposition Current Offerings
Once a company
has targeted the best opportunities,
it has three key options for growth. The sixth step in Strategyn’s
eight-step methodology covers the first of these options.
It is not uncommon for a company to discover that its products
address one or more underserved outcomes but that it has failed to
properly communicate that value to the customer. When possible, a
company should adjust its communications and messaging to emphasize
how its current products and services address these underserved
outcomes. Changing its messaging to focus on this value is often
enough to boost revenue and market share.
To ensure that the optimal messaging is created, Strategyn applies
its outcome-driven methodology to the positioning of existing
products, new products, and company brands. Knowledge of customers'
outcomes—so critical for other aspects of innovation—is equally
critical when it comes to positioning and messaging effectively.
As part of the positioning activity, we help companies evaluate
whether or not focusing on customers' emotional jobs (as opposed to
their functional jobs) should be part of the strategy. Strategyn’s
research indicates that companies should stay focused on functional
messaging when their product is functionally complex and has low
emotional appeal (as is the case with medical devices and financial
services, for example) and that companies should focus on both
function and emotion when they are in an industry that makes
products that define the customer's persona (as is the case with
clothing and automobiles, for example).
Strategyn has also created a tool that finds the correlation between
a particular emotional job and the functional components that
support it. This makes it possible to select an emotional message
and support it with the function that reinforces the message.
Conversely, it makes it possible to determine what emotional jobs
correlate with big opportunities in the marketplace, thereby making
it possible to add value and support it with emotional appeal.
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