Based on market research findings, a strategic brand development initiative addressed several brand issues, including: brand awareness, brand perceptions, competitive strengths and weaknesses, brand positioning and key messaging.
Converting an idea or a lab prototype into a real, customer-ready product is no simple task. Learn how to turn your idea into a successful product by improving your team and company focus and properly defining what your product is. Learn how to differentiate between the steps of product development, including capturing market requirements as well as research, design, implementation, testing, verification, validation, operations and maintenance.
EcoMachines Incubator - Investment Pitch Day - Cambridge - 17 Oct 13ILIAN ILIEV
EcoMachines Incubator is using Lean Startup principles to transform the early-stage funding model for hardware and engineering companies in the energy and cleantech industries.
EcoMachines Incubator holds Investment Pitch events throughout the year, both in the UK and internationally. These are key to EcoMachines' investment selection process
Attached are the slides from our 1st Investment Demo day in Cambridge, UK in mid-October 2013
business model, business model canvas, mission model, mission model canvas, customer development, lean launchpad, lean startup, stanford, startup, steve blank, entrepreneurship, I-Corps, Stanford
Based on current market research findings, a strategic brand development initiative addressed several brand issues, including brand awareness, brand perceptions, competitive strengths and weaknesses, brand positioning, key messaging and target media consumption habits.
Converting an idea or a lab prototype into a real, customer-ready product is no simple task. Learn how to turn your idea into a successful product by improving your team and company focus and properly defining what your product is. Learn how to differentiate between the steps of product development, including capturing market requirements as well as research, design, implementation, testing, verification, validation, operations and maintenance.
EcoMachines Incubator - Investment Pitch Day - Cambridge - 17 Oct 13ILIAN ILIEV
EcoMachines Incubator is using Lean Startup principles to transform the early-stage funding model for hardware and engineering companies in the energy and cleantech industries.
EcoMachines Incubator holds Investment Pitch events throughout the year, both in the UK and internationally. These are key to EcoMachines' investment selection process
Attached are the slides from our 1st Investment Demo day in Cambridge, UK in mid-October 2013
business model, business model canvas, mission model, mission model canvas, customer development, lean launchpad, lean startup, stanford, startup, steve blank, entrepreneurship, I-Corps, Stanford
Based on current market research findings, a strategic brand development initiative addressed several brand issues, including brand awareness, brand perceptions, competitive strengths and weaknesses, brand positioning, key messaging and target media consumption habits.
Agile2016: Intro to Agile Product ManagementRich Mironov
Product owner is a critical role for agile/scrum teams, as a key stakeholder and representative of users, customers or markets. Commercial software companies have a broader role - product manager - responsible for identifying market needs/opportunities, making product-level decisions and managing sales/customer relationships on behalf of executives. This talk maps out product owners and software product managers, with approaches to meet all of the product needs for a market-successful product. (reprise from Agile2015)
We’re facing a sad reality: 95% of products fail!
Unfortunately, it’s getting even more challenging these days, as transformations accelerate all around us.
So how should leaders go about their product development to maximize their chances of success?
There’s no magic framework for product success, but the proper preparation and sequence will go a long way.
In a nutshell, successful product teams know how to apply three fundamental principles:
● They know their target audience in and out.
● They develop a clear vision and mission.
● They align strategy with vision.
In this presentation, Tanguy Leborgne will help you deconstruct each of these three principles.
We’ll debunk major myths on customer research. We’ll dive into how to get deep customer insights. We’ll analyze some of the best company visions out there.
Finally, we’ll connect the dots by studying continuous product discovery and how it helps deliver the correct product.
Full of examples from world-class leaders and Tanguy’s own experience as an executive, this presentation will give any aspiring product leader the foundation for product success.
Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...Caroline June
Are you a small business trying to wade through all the jargon to find the right eCommerce solution to unlock the potential of ecommerce either for B2B or B2C? As customers expectations become increasingly demanding, outdated and substandard websites will quickly frustrate users and ward off potential business.
How can a small business live up to these high expectations on a budget? We will share some of the potential pitfalls as well as key considerations and processes we undertook in making this critical business decision less daunting.
There is no "one size fits all" product testing research study. You need to customize testing around your business needs, product category, and target market. These slides outline some considerations to walk through when planning your research.
Building and scaling a product team is a challenge that every successful product company faces. Brainmates hosted this Sydney AU meetup where we talked about:
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- Division of labor: how do we grow from one to three to many product folks?
- End-to-end management of product elements/features, or product owner and business owner roles?
- How big is too big?
The impact of business strategy on forecasting and forecast performance 20170319Bram Desmet
Bram is working on a book called 'Supply Chain Strategy and Financial Metrics'. With the 'Supply Chain Triangle' he captures the supply chain struggle of many companies in balancing service, cost and cash. Improved forecasting is a cornerstone in improving that balance. He shows how different business strategies (e.g. cost, versus product leadership), lead to different trade-offs in the triangle, and to different forecasting challenges. Using cases from high-tech and retail he illustrates how different strategies come with different levels of complexity. When benchmarking forecast accuracy (and supply chain KPIs in general), accounting for that strategy is crucial, not to compare apples to pears.
Selecting A Medical Device Design & Manufacturing Partnerjrundo
Startup medical companies face a myriad of challenges getting their company up and running. This is often complicated with the daunting task of setting up multiple functions, including engineering and manufacturing. Established companies also face hurdles when trying to bring multiple new products to market. A lack of resources can stretch even the most experienced companies to the limit. This presentation discusses these challenges, and offers suggestions on how to find and select a qualified design and manufacturing partner.
Those annoying members! We put the information in the email! It’s not our fault that they didn’t take the time to read it! If your organization is currently relying on a uni-channel messaging strategy, then this webinar is for you. While email remains the backbone of a digital marketing strategy for the foreseeable future, the user has changed. Learn why email isn’t enough and take home new strategies for increasing your users receiving and absorbing your message! Watch this entire webinar and others by Highroad U on our YouTube channel: http://shout.lt/rMNF
NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...NORCAT
Dave Peres and Rob Patterson (co-owners, Minalytix) discuss what product development is, the typical development process, development models and their experiences when building their company.
Product Managers come from a variety of backgrounds, bringing with them different skills, and unique thoughts about how to take ownership and manage a product. During this meetup, Kristen Waeber, Head of Design Innovation at Zoona, will talk about the different skills of product management that are key during different times in a product lifecycle and how a better self-understanding of what you love doing can make you even more valuable to your team and to the business.
My Hearing Centers - Overcoming Consumer Inertia.Bill Barrick
This engagement was by Synergy Direct Response on behalf of their client My Hearing Centers. The assignment was to determine why Synergy's direct marketing response rates were only 0.10%, far lower than category average response rates. Market research revealed several underling issues which were addressed with recommendations for improvement, including positioning, product mix, geographic retail locations. Also included are target audience analysis and segmentation, key messaging, market trends and media consumption habits of target audience.
LaHabra - Residential Test Market Recommendations.Bill Barrick
Test market observations and recommendations for LaHabra's new Platinum Plus Hybrid Stucco product – combining the strength of a cement finish with the durability of an acrylic – in a convenient one-bag product. Included are spot market and promotional recommendations. Test market recommendations were based on market analysis of target audience geographic concentrations, distribution strengths and market trends.
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Similar to Spec Seals - Brand Development, Positioning, Key Messaging.
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Product owner is a critical role for agile/scrum teams, as a key stakeholder and representative of users, customers or markets. Commercial software companies have a broader role - product manager - responsible for identifying market needs/opportunities, making product-level decisions and managing sales/customer relationships on behalf of executives. This talk maps out product owners and software product managers, with approaches to meet all of the product needs for a market-successful product. (reprise from Agile2015)
We’re facing a sad reality: 95% of products fail!
Unfortunately, it’s getting even more challenging these days, as transformations accelerate all around us.
So how should leaders go about their product development to maximize their chances of success?
There’s no magic framework for product success, but the proper preparation and sequence will go a long way.
In a nutshell, successful product teams know how to apply three fundamental principles:
● They know their target audience in and out.
● They develop a clear vision and mission.
● They align strategy with vision.
In this presentation, Tanguy Leborgne will help you deconstruct each of these three principles.
We’ll debunk major myths on customer research. We’ll dive into how to get deep customer insights. We’ll analyze some of the best company visions out there.
Finally, we’ll connect the dots by studying continuous product discovery and how it helps deliver the correct product.
Full of examples from world-class leaders and Tanguy’s own experience as an executive, this presentation will give any aspiring product leader the foundation for product success.
Growing Pains: the challenges of choosing an eCommerce vendor from a small bu...Caroline June
Are you a small business trying to wade through all the jargon to find the right eCommerce solution to unlock the potential of ecommerce either for B2B or B2C? As customers expectations become increasingly demanding, outdated and substandard websites will quickly frustrate users and ward off potential business.
How can a small business live up to these high expectations on a budget? We will share some of the potential pitfalls as well as key considerations and processes we undertook in making this critical business decision less daunting.
There is no "one size fits all" product testing research study. You need to customize testing around your business needs, product category, and target market. These slides outline some considerations to walk through when planning your research.
Building and scaling a product team is a challenge that every successful product company faces. Brainmates hosted this Sydney AU meetup where we talked about:
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- Division of labor: how do we grow from one to three to many product folks?
- End-to-end management of product elements/features, or product owner and business owner roles?
- How big is too big?
The impact of business strategy on forecasting and forecast performance 20170319Bram Desmet
Bram is working on a book called 'Supply Chain Strategy and Financial Metrics'. With the 'Supply Chain Triangle' he captures the supply chain struggle of many companies in balancing service, cost and cash. Improved forecasting is a cornerstone in improving that balance. He shows how different business strategies (e.g. cost, versus product leadership), lead to different trade-offs in the triangle, and to different forecasting challenges. Using cases from high-tech and retail he illustrates how different strategies come with different levels of complexity. When benchmarking forecast accuracy (and supply chain KPIs in general), accounting for that strategy is crucial, not to compare apples to pears.
Selecting A Medical Device Design & Manufacturing Partnerjrundo
Startup medical companies face a myriad of challenges getting their company up and running. This is often complicated with the daunting task of setting up multiple functions, including engineering and manufacturing. Established companies also face hurdles when trying to bring multiple new products to market. A lack of resources can stretch even the most experienced companies to the limit. This presentation discusses these challenges, and offers suggestions on how to find and select a qualified design and manufacturing partner.
Those annoying members! We put the information in the email! It’s not our fault that they didn’t take the time to read it! If your organization is currently relying on a uni-channel messaging strategy, then this webinar is for you. While email remains the backbone of a digital marketing strategy for the foreseeable future, the user has changed. Learn why email isn’t enough and take home new strategies for increasing your users receiving and absorbing your message! Watch this entire webinar and others by Highroad U on our YouTube channel: http://shout.lt/rMNF
NORCAT Entrepreneurship 101 - "Product Development" featuring Dave Peres & Ro...NORCAT
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Product Managers come from a variety of backgrounds, bringing with them different skills, and unique thoughts about how to take ownership and manage a product. During this meetup, Kristen Waeber, Head of Design Innovation at Zoona, will talk about the different skills of product management that are key during different times in a product lifecycle and how a better self-understanding of what you love doing can make you even more valuable to your team and to the business.
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Test market observations and recommendations for LaHabra's new Platinum Plus Hybrid Stucco product – combining the strength of a cement finish with the durability of an acrylic – in a convenient one-bag product. Included are spot market and promotional recommendations. Test market recommendations were based on market analysis of target audience geographic concentrations, distribution strengths and market trends.
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2. Spec Seals’ strategic branding, positioning and
messaging considerations
1. Distributor Market Research
2. OEM Market Research
3. Competitive Review
• Brand image
• Positioning
• Key messaging
• Strengths & weaknesses
1. Distributors & OEMs
• Brand awareness & image
• Share-of–Mind
• Misperceptions and lack of
capabilities understanding
2. Focus on correct messaging
1. Similar issues for Distributors
and OEMs
• Lack of brand awareness
• Misperceptions and lack of
capabilities understanding
2. Outstanding performance
characteristics and reputation
1. Vertical market promotional
activities
• Direct marketing
• Advertising
2. Sales and video presentations
3. Collateral materials
4. Website improvements
1. Focus messaging on most
important selection criteria,
e.g.,
• Consistently provides high-
quality O-rings
• Delivers on time
1. The Right Seal. Right Now.™
2. Support points
• Off-the-shelf availability of
over 150 million O-rings
• Meets industry standards
2
3. Summary of Hutchinson, Parco, Parker Seal and Spec
Seals’ strengths and weaknesses
Brand development is a communication
function that includes analysis and
planning on how the brand is “positioned
in the market”, which “target audiences”
the brand is targeted at, and building a
desired brand reputation
Tangible elements of the brand include
products – their look, price, packaging –
interaction with employees, whether the
company stands behind its products and
honors product performance promises
The intangible elements are brand
promises and experiences consumers
take away from the brand
The intangible elements are
brand promises and experiences
consumers take away from the
brand
3
Strengths
• Consistently provides
high-quality O-rings
• Can deliver prototypes in
weeks vs months
Weaknesses
• Long lead times, non-stock
• Brand awareness, SOM
• Pricing
Strengths
• Consistently provides high-
quality O-rings
• Quick turnaround on orders
• Technically astute in all
compounds and apps
• Sufficient inventory
• Competitively priced
Weaknesses
• Long lead times, non-stock
• Brand awareness, image
• Misperceptions and lack of
capabilities understanding
• Limited offerings
• Slow to quote pricing
Strengths
• Consistently provides high-
quality O-rings
• Product variety/breadth
• Technically astute in all
compounds and apps
• Delivers on time
• Valuable website content
Weaknesses
• Long lead times, non-stock
• Slow turnaround on orders
• Insufficient inventory
• Pricing (expensive)
• Too large
Strengths
• Pricing
• Product variety/breadth
• Short lead times, non stock
• Customer service
Weaknesses
• Brand awareness, SOM
• Selling to everyone, not just
distribution (no protection)
• Inquiry response time
• Lack of material
developments
We Make It Possible. High performance seals for high performance applications.
Engineering Your Success. The Right Seal. Right Now.™
4. Current perceptual map of primary competitors
by key OEM and distributor selection criteria
Provides
High-Quality Products
Does Not Provide
High-Quality Products
Delivers On Time
Does Not
Deliver On Time
4
5. Future perceptual map of primary competitors
by key OEM and distributor selection criteria
5
Provides
High-Quality Products
Does Not Provide
High-Quality Products
Delivers On Time
Does Not
Deliver On Time
6. Intrinsic values of Spec Seals’ brand promise
6
The Right Seal. Right Now.
TM
Relevant brand promise
to Distributors and OEMs
Unique and differentiating
Authentic. Reflects
Spec Seals’ DNA
Customer experience-oriented
Customer benefit-oriented
Valid as long as Spec Seals
performs to expectations
7. Comparison of distributor and OEM selection criteria
and key messaging points, in rank order
Distributor selection criteria and
messaging
1. Consistently provides high-quality O-
rings
2. Quick response to problems
3. Delivers O-rings on time
4. Meets our O-ring quality standards
5. Quick turnaround on all orders
6. Technically competent
7. Technically astute in all compounds
and applications
8. Sufficient inventory to meet our
needs
9. Competitively priced
10. Can meet short lead times on non-
stock O-rings
OEM selection criteria and
messaging
1. Consistently provides high-quality O-
rings
2. Delivers O-rings on time
3. Quick response to problems
4. Quick turnaround on all orders
5. Competitively priced
6. Meets our O-ring quality standards
7. Technically competent
8. Meets our O-ring expectations
9. Sufficient inventory to meet needs
10. Technically astute in all compounds
and applications
7
8. Iconography and descriptions – Current
The word “performance” is owned by
Parco. And, it only “implies” quality
Unfortunately, neither OEMs or
distributors care about “engineered
compounds”. Assuming this relates to
“custom O-rings” and “custom
compounds,” these rank among the least
important selection criteria (15th and 17th
respectively)
Presume this relates to “design and
manufacturing of custom O-rings,” which
ranks among the least important selection
criteria (15th of 18)
8
9. Future – Promote performance-based benefits
1. “Consistently provides high-quality O-
rings,” is number ONE in selection criteria
2. “Delivers O-rings on time,” is number TWO
in selection criteria
3. “Quick response when problems arise,” is
number THREE in selection criteria
9
HIGH-QUALITY
O-RINGS
ON-TIME
DELIVERY
QUICK RESPONSE
TO INQUIRIES
10. Recommended Spec Seals’ brand identity and
positioning
VISION
To be recognized as America’s
leading provider of high-quality
O-rings and custom molded
products for commercial and
industrial applications
MISSION
To consistently provide high-
quality O-rings and custom
molded products to customers
quickly, profitably and without fail
VALUES
A commitment to excellence
and the highest levels of
mutual respect for customers,
employees and vendors alike
BRAND ESSENCE
High-quality products delivered on time
BRAND IDENTITY
Spec Seals – The Right Seal. Right Now.™
PROGRAM TACTICS
Brand/Image
Marketing & Advertising
Product/Service
Marketing & Advertising
PR & Media
Relations
BRAND POSITIONING/PROMISE
The Right Seal. Right Now.TM
10
11. Summary
OEM targets & media information
sources
1. Purchasing agent/manager
2. Design engineer/manager
3. Google search and company website
4. Design Engineering magazine/website
5. Machine Design magazine/website
6. Rubber & Plastic News magazine/website
Objective: Tell the right stories to right
audiences frequently, consistently and
across all key information sources
11
Distributors and OEMs have similar
issues and solutions
1. Majority are unfamiliar with Spec Seals
2. Majority have misperceptions
3. Majority need information
4. Brand is respected among those who know
5. Promote brand promise messages
• High-quality O-rings
• Delivers O-rings on time
• Quick response to inquiries
Distributor targets & information
sources
1. Owner/president
2. Purchasing agent
3. Customer service manager
4. Google search and company website
5. Industrial Distribution magazine/website
6. Rubber & Plastic News magazine/website
7. Hydraulics & Pneumatics magazine/website
13. 13
NEXT STEPS
Discuss presentation implications
– Distributor and OEM issues
• Brand visibility
• Misperceptions and lack of understanding of brand capabilities
– Creative solutions
• Message focus and clarity
• Possible testimonials or pseudomonials (testimonials told in 3rd person)
Develop marketing communication plan
Execute, measure, refine