product roadmaps

32
STRATEGIC POSITIONING & PRODUCT ROADMAPS

Upload: matthew-irwin

Post on 10-Apr-2016

225 views

Category:

Documents


2 download

DESCRIPTION

Strategic Brand Planning

TRANSCRIPT

Page 1: Product Roadmaps

STRATEGIC POSITIONING & PRODUCT ROADMAPS

Page 2: Product Roadmaps

STRATEGIC FOCUS

A strategy is an integrated set of choiceswhich positions a firm in an industryso as to generate superior financial returns over the long run.

Jan Rivkin, Strategy Unit Head, Harvard Business School

FOCUS ALIGN

Page 3: Product Roadmaps

CREATING A SUSTAINABLE ADVANTAGEWHERE TO PLAY? HOW TO WIN?

FOCUS ALIGN

Make Decisions Create Principles

Page 4: Product Roadmaps

Growth/Innovation

Time

LIFE CYCLESCATEGORY, COMPANY, PRODUCT

Startup

FOCUS FOCUSALIGN ALIGN

Growth

Maturity

Decline

Focus and alignment are two sides of a coin:Alignment requires focus; focus enables alignment.

Page 5: Product Roadmaps

Growth/Innovation

Time

RATE OF CHANGESHORTER CYCLES REQUIRE A SUSTAINABLE FOCUS

15 years

10 years

3 years

Frequent reinvention is unsustainable.Greater transparency makes it harder to keep changing.

Page 6: Product Roadmaps

Audience(s) Audience researchUnmet needsPersonas, meaning

CategoryMarket dynamicsRisk toleranceStrategic objectives

Claim Opportunity spacesPositioningValue proposition

STRATEGY IS ABOUT CHOICESEASY QUESTIONS – HARD ANSWERS

FINDING FOCUS

Page 7: Product Roadmaps

Flic

kr u

ser

glas

seye

s vi

ew

In language and metrics, weprobably need to be more different.

MARKETS FLOCK TOGETHER

Page 8: Product Roadmaps

High

Low

Market attributes

Competitor 1

Competitor 2

Competitor 3

APrice

BQuality

CSpeed

DConvenience

E

MARKET MAPS

Page 9: Product Roadmaps

High

Low

Market attributes

APrice

BQuality

CSpeed

DConvenience

E F G

GETTING DIFFERENT

Give your customers a reason to remember you.

Page 10: Product Roadmaps

Product/service offering

(Given)

Communicate the offer...

(Varies)

Brand the offer...

Position the offer...

Value proposition of the offer

...

What offer?

SayDo

OLD APPROACH

Page 11: Product Roadmaps

Find sources of value... Holistic experience/platform

Refine the value proposition...

Create a future-focused platform...

Define key touchpoints...

Express and deliver on the claim.

Say Do

NEW APPROACHLEAD WITH SOURCES OF VALUE – WALK THE TALK

(Given) (Varies)

Page 12: Product Roadmaps

Stake our claim Have a point of view focused on future customer meaning, rather than today’s o�ering per se.

Design compelling experiencesIdentify key customer touchpoints to support and express your di�erence, create memorable interactions with clear outcomes.

SET THE STAGE FOR INNOVATION

FOCUS ALIGN

Page 13: Product Roadmaps

FOCUS ON MEANINGFUL CLAIMS

OFFERING

MEANING

PRODUCTS SERVICES

Page 14: Product Roadmaps

NikeShoesApparel

...Is not what customers buy.

What these brands are selling...

“Inspiration and innovation to athletes

around the world.”

Third place,convenience

Digital content,connected lifestyle

AppleComputersElectronics

Starbucks Coffee

PEOPLE-BASED POSITIONING

Page 15: Product Roadmaps

FOCUS ON PEOPLE CONTEXT, NEEDS, BEHAVIORS, DECISION MAKING... MEANING

Experiences

Fears

Biases

Motivations

Context

Perceptions

Alternatives

Limitations

Habit

Desires

Needs

Workarounds

Aspirations

Motivations

Behaviors

Processes

IDENTITYWho are we / What we would do

TIMEPresent vs Future

RiskGain, Loss, Uncertainty

MEANING

“The purpose of business is to create a customer.”– Peter Drucker

Page 16: Product Roadmaps

BRAND PLATFORM

Practice areas Target, Media, Timing

Language/Metricsfor optimization

Systems for alignment Language, Standards, Metrics

Strategic intent Audience, Claim, Support, Meaning

PRACTICE

PRINCIPLES

PHILOSOPHY

ALIGNMENT

ACTION

FOCUS

PLATFORM

MEANING

Page 17: Product Roadmaps

SEGMENTATIONMANUFACTURING > ECONOMIC > BEHAVIORAL

SEGMENTS OFFERING

Which features?How many?

MEANING

Page 18: Product Roadmaps

LANGUAGE OF OUR OFFER

MEANING

ServiceProduct

Page 19: Product Roadmaps

( ) ( )

REVENUE MODELS

ServiceProduct

++

$“Free”

Delivery

Shipping

Customer Support

“Free”

ConnectorsTerminals

ToolsAmenities

$

Meaning

Page 20: Product Roadmaps

OFFER INNOVATION PATHS

Services acting like productsProducts acting like services

SaaS Packaged pricing

ServiceProduct

Page 21: Product Roadmaps

SUM OF OUR OFFERPRODUCT-SERVICE CONTINUUM – CUSTOMER MEANING

= MEANING

Page 22: Product Roadmaps

RIS

K /

RE

SO

UR

CE

S /

IN

NO

VAT

ION

TIME

V IS ION

ENVISIONINGFINDING FOCUS

Page 23: Product Roadmaps

RIS

K /

RE

SO

UR

CE

S /

IN

NO

VAT

ION

TIME

BACKCASTINGREVERSE ENGINEER THE FUTURE

V I S I O N

Page 24: Product Roadmaps

RIS

K /

RE

SO

UR

CE

S /

IN

NO

VAT

ION

TIME

STRATEGIC ROADMAP

Vision

Meaning

Page 25: Product Roadmaps

RIS

K /

RE

SO

UR

CE

S /

IN

NO

VAT

ION

TIME

STRATEGIC ROADMAPMAKE DECISIONS – CREATE PRINCIPLES

Vision

FOCUS

ALIGN

Meaning

Page 26: Product Roadmaps

RIS

K /

RE

SO

UR

CE

S /

IN

NO

VAT

ION

Get competitive Play the game better Change the game

HORIZON PLANNING

Vision

H1

H2

H3

TIME

Meaning

ACT

Page 27: Product Roadmaps

H1

Initiative

Initiative

Initiative

Initiative

Initiative

Initiative

Initiative

Initiative

Initiative

TodayRapid prototypesMin. viable solutionsQuick wins

Strategic Action

TomorrowBigger stepsNew trajectoryLaunches

FuturePlatformsEcosystemsBusiness models

H2 H3

STRATEGIC ROADMAP

Page 28: Product Roadmaps

OFFER / FEATURE EMPHASISH1 TRIAGE

retire

support

promoteMeaning

Page 29: Product Roadmaps

Hard

Easy

Very ImportantNice to have

IMPORTANCE AND DIFFICULTYH2 PRIORITIZATION

1

24

3

Meaning

Page 30: Product Roadmaps

New Customers

Current Customers

New OfferCurrent Offer

CUSTOMER / OFFER GROWTHH3 PLANNING

Meaning

expand diversify

extend

Page 31: Product Roadmaps

6 monthsOfferComponents

12 months 18 months

PRODUCT ROADMAPS

Meaning

Meaning

Meaning

Page 32: Product Roadmaps

THANK YOU