This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
an “inductive” processbased on new connectionsdiffers from “normal” mental processing or “rational” problem solvingcomes from both relevant and apparently “irrelevant” datarelies on guesswork, hunches and intuitioninvolves a flash of inspiration or a restructuring of a problemoften challenges current beliefs
is both an ART and a SCIENCE7 www.pkassociates.comMaterial cannot be copied and is is not for publication or use without written permission from PK ASSOCIATES LLC : 914-921-4815
Uncovered from a holistic understanding of consumers’ needs, preferences and motivations plus other market-driven areas such as customers/retailers, competition, etc. …
that are actionable and can be profitably leveraged to build brand value and drive purchase
Insights Are Hidden Truths
Insights – Definition
A statement that explains the significance of facts & findings and increases their understanding…
A penetrating, observational statement that captures intuitively “what's behind a finding, fact,
data or what is “being said”, and can be acted on…
Something meaningful you know that competition doesn't or if they do they aren't doing anything
Example -- Many Other Factors That Are Enablers catalysts for New Product Success
• First to capture an emerging trend– Home Depot and Self Reliance– Snapple and desire for BFY alternatives to soft drinks– SnackWell's and Boomer's desire for small indulgences– Dockers and casual business dress, Boomer's need for non-jean comfortable
clothing
• Broadly extendable business building idea– Not a “product in search of an enduring, sustainable strategy”– Strategic growth opportunity areas: Healthy Choice, SnackWell's, Lunchables
• Intersect target consumers where they live, work, and shop– Gatorade: point of sweat
SGOAs Define Target Rich Environments for Innovation … Under Which Product Platforms and Specific Products Can Be Developed
Illustrative SGOA Examples
Potential Product Solutions• Polaroid film cameras• Digital camera• Video camera with still pictures option• Cell phone camera
• Oral B Brush-ups• Listerine Pocket Paks• Whitening wand• Disposable toothbrush with paste
• Freeze-dried instant coffee-bulk package• “Coffee bags” similar to tea bags• “Cup of coffee” similar to Cup ‘O Soup• Pre-measured single cup coffee filters• Coffee on demand/espresso machines• Neighborhood coffee cart, similar to an ice
cream truck
"Most of the time I'm the only person drinking coffee and I don't want to make a whole pot because it takes too long and it's a waste"
"I want to be sure that I really captured the picture I want while I can still fix it. By the time I get the film developed it's too late"
"Fresh breath and clean, white teeth are important to my appearance (and my confidence). I wish there was a better way to get that feeling during the day vs. just in the morning after I get done brushing, flossing, etc."
Consumer Need/Problem
Coffee for One That Tastes Good
Photographs That Are Available to View Immediately
Heavy male beer drinker• Blue collar, 18-24, high school education• Physical labor
Target
3 Key Insights Blue collar male• Low self-esteem• Future outlook bleak
Led to the 1980's Positioning (Not Today's)
1. Me/My Life
Beer plays an important role in my life. Thirst quencher after
long day of hard work. Male bonding with guys like
me. Alcohol escape.
The popular mid-priced brand work for blue collar guys like me
The working man's reward
3. The BUD Brand2. The Product
TAG LINE: You make America work. This Bud's for you! Ads celebrated blue collar workers who value America; ads showed them working hard and positioned Bud as the reward that they deserve
Consumer LandscapeHow do different consumer segments vary? Who are the heavy users and why?What are the usage dynamics across the consumer segments, particularly for heavy users?How do the purchase and preference drivers vary by segment, particularly for heavy users
Consumer NeedsWhat are the rational and emotive benefits that consumers are looking for?What are the largest arenas of customer frustration Or under-addressed or latent needs? What are the emerging consumer trends and how can we best capitalize?What are the product substitutes or category adjacencies?
Brand EquityWhat are the most leverageable elements of
our brand equities?How do consumers perceive our brands
relative to competitive brands?
SECTION 2: SYNTHESIZED CONSUMER INSIGHTSAnswer the following questions: Synthesize the key consumer learnings and/or insights for new product innovation
Focus on the Target Customer Often Yields Insight That Drives These Companies’ Strategic Direction• Deep understanding of the target consumer — proprietary insight or
an internal revelation — directs action powerfully
Insight Response
SearsRestructure the company, revitalize the stores, and restock the shelves to suit the female HOH
Women make most of the purchasing decisions for the household — including hard goods
IBM Do not de-emphasize the mainframe business; on the contrary, nurture it
Internal thinking to the contrary, system-intensive companies see the mainframe as critical — it's
the enterprise server for the new networked world
NikeMarket to, at, about, and for the serious athlete— hire serious athletes as employees and select Nike appropriate spokes people, not just great athletes
For the serious athlete, sports is a metaphor for life,
“linking the cultures of the world”
Disney Never dilute the Disney name, and always meet and then exceed expectations
Parents want safe places and safe decisions for their families
MicrosoftDevelop products and deals that make computers easy to use and readily accessible
What if computing/communications were almost free?
The most important travelers perceive air travel as a game in which they lose because they're at the
mercy of the airlines —making them feel like winners will reinvent the airline business
United Airlines
Plan and implement over 130 initiatives across the business, spending over $400 million to improve the flying experience for frequent travelers