Transcript
Page 1: Why Perfection is a Hopelessly Imperfect Strategy (Products)

WHY IMPERFECTIONS MAKE

A PERFECT PRODUCT

RAJESH SOUNDARARAJAN | TWITTER: @RAJESHSOUND LINKEDIN: SG.LINKEDIN.COM/IN/RAJESHSOUND

Page 2: Why Perfection is a Hopelessly Imperfect Strategy (Products)

IMPERFECT PERFECTS THROUGH HISTORY

Page 3: Why Perfection is a Hopelessly Imperfect Strategy (Products)

“HAVE NO FEAR OF PERFECTION - YOU'LL NEVER REACH IT.” ― SALVADOR DALÍ

Page 4: Why Perfection is a Hopelessly Imperfect Strategy (Products)

“TO BANISH IMPERFECTION IS TO DESTROY EXPRESSION, TO CHECK

EXERTION, TO PARALYZE VITALITY.” ― JOHN RUSKIN, THE STONES OF

VENICE

Page 5: Why Perfection is a Hopelessly Imperfect Strategy (Products)

“ORDINARY IMPERFECT PEOPLE, ALWAYS CHOOSE SIMILARLY IMPERFECT PEOPLE

AS FRIENDS.” ― HARUKI MURAKAMI, BLIND WILLOW,

SLEEPING WOMAN

Page 6: Why Perfection is a Hopelessly Imperfect Strategy (Products)

WHY THEN, SHOULD A

PRODUCT BE DIFFERENT?

Page 7: Why Perfection is a Hopelessly Imperfect Strategy (Products)

A PRODUCT IS, BUT A MICROCOSM

OF ITS UNIVERSE.

Page 8: Why Perfection is a Hopelessly Imperfect Strategy (Products)

LIKE THE UNIVERSE, IT HAS ITS

UNIQUE CHARACTER AND COMPLEX

RELATIONSHIPS.

Page 9: Why Perfection is a Hopelessly Imperfect Strategy (Products)

“THE MORE SHE TRIES TO BE

PERFECT-AT-EVERYTHING, THE

MORE UNNATURALLY-IMPERFECT

SHE APPEARS”

Page 10: Why Perfection is a Hopelessly Imperfect Strategy (Products)

A PRODUCT WITH ALL ITS IMPERFECTIONS

CAN JUST BE AS PERFECT

Page 11: Why Perfection is a Hopelessly Imperfect Strategy (Products)

"BETTER A DIAMOND WITH A FLAW THAN A PEBBLE WITHOUT."

—CONFUCIUS

Page 12: Why Perfection is a Hopelessly Imperfect Strategy (Products)

A PRODUCT HAS FIVE

CHARACTERISTICS -

THAT ENGAGE A BUYER

Page 13: Why Perfection is a Hopelessly Imperfect Strategy (Products)

1. PRICE

Page 14: Why Perfection is a Hopelessly Imperfect Strategy (Products)

2. SERVICE

Page 15: Why Perfection is a Hopelessly Imperfect Strategy (Products)

3. ACCESS

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4. QUALITY

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5. EXPERIENCE

Page 18: Why Perfection is a Hopelessly Imperfect Strategy (Products)

THREE RELATIONSHIP LEVELS -

THAT DEFINE THE DEPTH OF A

BUYER ENGAGEMENT.

Page 19: Why Perfection is a Hopelessly Imperfect Strategy (Products)

(LEVEL 1)

BE CONSIDERED

LITTLE EFFORT TO MAINTAIN LOYALTY.

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(LEVEL 2)

BE FAVORED.

DEEPER ENGAGEMENT, FAVORED OVER

COMPETITION

Page 21: Why Perfection is a Hopelessly Imperfect Strategy (Products)

(LEVEL 3)

BE DESIRED.

AN IDEAL STATE - FAVORED + DESIRED

Page 22: Why Perfection is a Hopelessly Imperfect Strategy (Products)

HUMANLY IMPOSSIBLE TO “BE

DESIRED” ON “ALL FIVE

CHARACTERISTICS”

Page 23: Why Perfection is a Hopelessly Imperfect Strategy (Products)

TO FOCUS WISELY ON RIGHT

PRIORITIES IS THE KEY

Page 24: Why Perfection is a Hopelessly Imperfect Strategy (Products)

PRICE?

THERE IS ONLY ONE PRICE - HONEST PRICE. AND

THAT IS THE PRICE A BUYER THINKS IS RIGHT.

Page 25: Why Perfection is a Hopelessly Imperfect Strategy (Products)

SERVICE?

BASIC LEVEL OF SERVICE IS EXPECTED. HOW

FARTHER WOULD YOU GO?

Page 26: Why Perfection is a Hopelessly Imperfect Strategy (Products)

ACCESS?

HOW EASY SHOULD IT BE TO ACCESS AND

NAVIGATE BOTH OFFLINE AND ONLINE?

Page 27: Why Perfection is a Hopelessly Imperfect Strategy (Products)

QUALITY?

CONSISTENTLY GOOD OR ONE-OFF-BEST? GOOD

ENOUGH IS GOOD ENOUGH FOR MOST.

Page 28: Why Perfection is a Hopelessly Imperfect Strategy (Products)

EXPERIENCE?

INTIMACY MATTERS. BUYERS DEMAND RESPECT

AND BEING CARED FOR.

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TOGETHER THEY DEFINE A

ENGAGEMENT PLAN AND HENCE THE

PRODUCT STRATEGY

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PICK YOUR BATTLES

Page 31: Why Perfection is a Hopelessly Imperfect Strategy (Products)

THE BEST IS THE ENEMY OF THE GOOD - VOLTAIRE

Page 32: Why Perfection is a Hopelessly Imperfect Strategy (Products)

CHARTING A PRODUCT STRATEGY

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CHARTING A PRODUCT STRATEGY

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A PRACTICAL PLAN IS BOUND TO HAVE CERTAIN

IMPERFECTIONS.

Page 35: Why Perfection is a Hopelessly Imperfect Strategy (Products)

“DON'T POINTLESS THINGS HAVE A PLACE, TOO, IN THIS FAR-FROM-

PERFECT WORLD? REMOVE EVERYTHING POINTLESS FROM AN IMPERFECT LIFE,

AND IT'D LOSE EVEN ITS IMPERFECTION.”

― HARUKI MURAKAMI, SPUTNIK SWEETHEART

Page 36: Why Perfection is a Hopelessly Imperfect Strategy (Products)

WE ARE PERFECTLY PERFECT, WITH

IMPERFECTIONS

Page 37: Why Perfection is a Hopelessly Imperfect Strategy (Products)

REMEMBER, THE PERFECT 5x3 PLAN

IS A PRACTICAL IMPOSSIBILITY

Page 39: Why Perfection is a Hopelessly Imperfect Strategy (Products)

WHY IMPERFECTIONS MAKE A

PERFECT PRODUCT

RAJESH SOUNDARARAJAN | TWITTER: @RAJESHSOUND LINKEDIN: SG.LINKEDIN.COM/IN/RAJESHSOUND

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