Sunday, July 22, 2012

Innovation: Qualifiers and Differentiators in Innovation


Kevin McFarthing wrote “Qualifiers and Differentiators in Innovation” for Innovation Excellence.

Kevin believes “understanding the qualifiers and differentiators not only allows you to play the innovation game, it gives you a great chance of winning.”

The qualifier is what makes you competitive and the differentiators are what make you win the game. For example Extra gum, the gum (qualifier) gets you in the market, the extra-long lasting (differentiator) gets you winning the market. Qualifiers are only noticed by the customer when they are absent or when it has failed. It is important to be innovative and have not only a qualifier but a differentiator.  

When it comes to innovation here is what Kevin believes needs to be followed…

1. Really challenge yourself to know your consumer and understand what really makes a difference to them.

2. Match this knowledge against your product development targets.

3. Decide your “single-minded message”, the one that will truly differentiate your innovation from that of your competitors.

4. Deliver category standard performance on the Qualifiers.

5. Focus as much effort as you can to innovate on the Differentiators, those parameters that will drive preferred purchase.

6. Develop the communication of your innovation to the same principles.

Although this list seems pretty common sense to most business majors it is always good to have a reminder.

No comments:

Post a Comment