Stay Ahead of the Competition

You’ve read the Innovators Dilemma, and you’re on board with disruptive innovation and you’ve now had your Eureka moment;…What now? If you don’t know how to sell your innovation you could be consigned to the madness category instead of genius.

We think we live in transformational times; but do we? Truth is we actually live at higher velocities with increasing rates of change and attrition. Transformational ideas are hard to sell….externally to your markets and internally to your business champions. Most people are reluctant to change and discard their prior investments.  In boom times innovation is risky; in times of economic uncertainty has also reduced the audience for bold, grand rhetoric even further. Innovators therefore have to ease anxieties by sounding conservative while doing something radical.

We all want breakthroughs; it’s just that we can’t know exactly which of the bold new ideas will break through. For every flip phone, there’s a flop. (Apple’s track record — iPod, iTunes, iPhone — is extraordinary but  far from typical.) It’s hard to get traction for ideas that are so far ahead of their times that the infrastructure or human habits do not yet support them. The iPod was an improvement on the MP3 player, Google was just a better search algorithm than other search engines.

As many technology companies have seen to their peril, you can leap much too far into the future by seeking revolution, not evolution, leaving potential users in the dust (Remember the Apple Newton?). Instead steady progress — step by single step — can win internal support and the external race for share of market or share of mind. Especially if you take each step quickly.

Consider Woody Allen’s comedy routine about the first landing of UFOs on Earth and our first contact with an advanced civilization (AKA advanced competitor). Allen wrote that most worries about planetary takeovers involve aliens that are light years away and centuries ahead of us in technology, bringing devices we can’t understand or communicate with, which enables them to control everything. Not to worry, Allen said. If we can’t understand or communicate with their systems, we’ll just ignore them, doing our work the way we always do until they leave in frustration.

Instead, he argued, the advanced civilization that we should really worry about is one that is just 15 minutes ahead. That way they’d always be first in line for the movies, they’d never miss a meeting with the boss… and they’d always be first in every race.

Call this the “15 minute competitive advantage”: changing in short fast bursts rather than waiting for the breakthrough that transforms everything. If every proverbial 15 minutes, you learn something and incorporate it into the next speedy step, you’ll continue to be ahead. And a few time periods later, transformation will be underway.

The point is this, design your revolution as a fast paced evolution. Stay a little ahead of the competition while close enough to what customers can understand and incorporate, and the innovation idea is easier to sell…internally too. Here are some characteristics most likely to rally support behind your innovation:

Triable: The idea or product can be demonstrated on a pilot basis. Customers can see it in action first and incorporate it on a small scale before committing to replace everything.

Palatable: It can be adopted in bite sized pieces, segments or phases. Users can ease into it, a step at a time. They can even use it in parallel with current solutions.

Tangible: It offers concrete results that can be seen to make a tangible difference in something that users need and value.

Valuable: The idea builds on “sunk costs” or actions already taken, so it looks like not much change is involved.

Understandable: It feels like things that people already understand, so it is not jarring to use. It is consistent with other experiences, especially successful ones.

Directable: It is in line with where things are heading anyway. It doesn’t require people to rethink their priorities or pathways, even though of course it changes things.

Positive publicity value: It will make everyone look good.

These principles leave plenty of room to promote revolutionary ideas under cover of evolutionary change. But to find and grow a market for anything — whether green products or new health delivery plans — means staying close to what users can adopt easily and then leading them to the next iteration.

Innovators who take risks must reduce the perceived risk for others. Think long-term trends but short-term steps —15 minutes at a time.

Adapted from an article in HBR – 15 minute competitive advantage

Share & Bookmark

Add to Linkedin Add Add to Facebook Add to Technorati Add to Digg Add to Delicious Add to Google Reader Add to Stumbleupon

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.