turning defects into value

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TURNING DEFECTS into Customers’ VALUE TURNING DEFECTS into Customers’ VALUE A winning approach A winning approach - Ali Anani, PhD -

Post on 13-Sep-2014

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The presentation offers new “Thinking prints” to sell more of your products by intentionally introducing a defect so that their demand accelerates. A new perspective on how to place your products in the Blue Ocean is offered. Turn defects into values that benefit the customer and you shall be a winner.

TRANSCRIPT

Page 1: Turning defects into value

TURNING DEFECTS

into Customers’

VA LU E

TURNING DEFECTS

into Customers’

VA LU EA winning approachA winning approach

- Ali Anani, PhD -

Page 2: Turning defects into value

Again, I dedicate this presentation Paul Merino

For inspiring me to try to turn something at first worthless to something of value and worthiness

His comments and insights inspired me with the idea of this presentation.

I am deeply grateful to Paul.

Page 3: Turning defects into value

Written materialssuch as ads

and content may leave weak

“Attention Prints”in the minds of the readers

Written materialssuch as ads

and content may leave weak

“Attention Prints”in the minds of the readers

Page 4: Turning defects into value

They are like foot prints on fine sand with wind blowing

Soon they shall disappear

They are like foot prints on fine sand with wind blowing

Soon they shall disappear

Page 5: Turning defects into value

They are like foot prints on rocks

They are like foot prints on rocks

strongstrong

Page 6: Turning defects into value

Letexample

talk

Letexample

talk

Page 7: Turning defects into value

Source; Predatory Thinkinghttp://www.predatorythinking.com/scratch/

Source; Predatory Thinkinghttp://www.predatorythinking.com/scratch/

ScratchFind theScratchFind the

Page 8: Turning defects into value

A tiny and deliberate scratch of last year stockof 1960 Renault were made and the scratches were covered with Band Aid

A tiny and deliberate scratch of last year stockof 1960 Renault were made and the scratches were covered with Band Aid

ScratchFind the

in the CarScratchFind the

in the Car

Page 9: Turning defects into value

ScratchFind the

in the CarScratchFind the

in the Car

The ad read ‘IF YOU CAN SPOT THE SCRATCH ON ANY OF OUR RENAULTS, WE’LL GIVE YOU $500 OFF.’

The ad read ‘IF YOU CAN SPOT THE SCRATCH ON ANY OF OUR RENAULTS, WE’LL GIVE YOU $500 OFF.’

Page 10: Turning defects into value

ScratchFind the

in the CarScratchFind the

in the Car

The result was The Renaults soldout before closeof business on the first day

The result was The Renaults soldout before closeof business on the first day

Page 11: Turning defects into value

the onion

Peeling

of the ad’s success the onion

Peeling

of the ad’s success

Peeling

the onion the onion the onion the onion

PeelingPeelingPeeling

Page 12: Turning defects into value

evokes many valuesThe scratch idea

and peels off their coverevokes many valuesThe scratch idea

and peels off their cover

Page 13: Turning defects into value

IF YOU CAN SPOTTHE SCRATCH

ON ANY OF OUR RENAULTS,WE’LL GIVE YOU $500 OFF.’

Values ofcuriosity,discovery,

challenge and revealingof unseen deficits

IF YOU CAN SPOTTHE SCRATCH

ON ANY OF OUR RENAULTS,WE’LL GIVE YOU $500 OFF.’

Values ofcuriosity,discovery,

challenge and revealingof unseen deficits

1 23 4

Direct Values

Page 14: Turning defects into value

IF YOU CAN SPOTTHE SCRATCH

ON ANY OF OUR RENAULTS,WE’LL GIVE YOU $500 OFF.’

Values ofcourage, trust, reliance,

courage to admit pitfalls,appreciation of admitting pitfalls,

truth revealing,fairness to the customer and acknowledgement

of customers’ right to know

IF YOU CAN SPOTTHE SCRATCH

ON ANY OF OUR RENAULTS,WE’LL GIVE YOU $500 OFF.’

Values ofcourage, trust, reliance,

courage to admit pitfalls,appreciation of admitting pitfalls,

truth revealing,fairness to the customer and acknowledgement

of customers’ right to know

Indirect Value

12

3

4 567

8

Page 15: Turning defects into value

It is not a scratchof the pocket of

It is not a scratchof the paint of a car

the customer

It is not a scratchof the pocket of

It is not a scratchof the paint of a car

the customer

Page 16: Turning defects into value

Values have a butterflyeffect in generating

It is the values ofrevealing the scratch

more values of higher level

Values have a butterflyeffect in generating

It is the values ofrevealing the scratch

more values of higher level

Page 17: Turning defects into value

if the first sip tastesgreat so

The scratch thattells you

will the bottle

if the first sip tastesgreat so

The scratch thattells you

will the bottle

Page 18: Turning defects into value

a drop of honey that catches

The scratchacting like

many customers

a drop of honey that catches

The scratchacting like

many customers

Page 19: Turning defects into value

A Scratchin the SuitA Scratchin the Suit

Page 20: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

Page 21: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

Burton (UK) offered suits for sale and

a generous one, too

Burton (UK) offered suits for sale and

a generous one, too

Page 22: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

I walked in and bought two suits and left the store happily

But there was a surprise

I walked in and bought two suits and left the store happily

But there was a surprise

Page 23: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

Soon after I had left the store,somebody was chasing me and shouting: sir, please come back

(The man pointed to me)

Soon after I had left the store,somebody was chasing me and shouting: sir, please come back

(The man pointed to me)

Page 24: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

Doubts percolatedin my mind

Doubts percolatedin my mind

Page 25: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

As we walked in the store,the manager welcomed

me and apologized

As we walked in the store,the manager welcomed

me and apologized

Page 26: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

Sir, we sold youmistakenly a suit

with a default

Sir, we sold youmistakenly a suit

with a default

Page 27: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

Being surprised,I asked the manager

Where is the default?

Being surprised,I asked the manager

Where is the default?

Page 28: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

He pointed to a stitch thatI would have never found outThis time it was a scratch but

without band Aid

He pointed to a stitch thatI would have never found outThis time it was a scratch but

without band Aid

Page 29: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

The store discountedthe price hugely

The store discountedthe price hugely

Page 30: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

It was not only a small defect; It was a great

score for the store

It was not only a small defect; It was a great

score for the store

Page 31: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

Not only I am still a loyal customer to the store;

but also think highly of it

Not only I am still a loyal customer to the store;

but also think highly of it

Page 32: Turning defects into value

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

(A living memoryfootprint since

the 80s)

A Scratch inthe Suit

This is creativity in turning an unnoticed scratch into

huge benefits and delights to the customer

This is creativity in turning an unnoticed scratch into

huge benefits and delights to the customer

This is creativity in turning an unnoticed scratch into

huge benefits and delights to the customer

Page 33: Turning defects into value

A Third Example:Miswaak inthe toothpaste

A Third Example:Miswaak inthe toothpaste

Page 34: Turning defects into value

Miswaak is highly desiredamong Moslems because

it has religious significance

Miswaak is highly desiredamong Moslems because

it has religious significance

Page 35: Turning defects into value

Miswaak is used to rubthe teeth to clean themleaving behind a lovelyfragrance in the mouth

Miswaak is used to rubthe teeth to clean themleaving behind a lovelyfragrance in the mouth

Page 36: Turning defects into value

A company extractedthe fragrant material and

added it to the toothpaste in small amounts

A company extractedthe fragrant material and

added it to the toothpaste in small amounts

Page 37: Turning defects into value

right away

People accepted

the productright away

People accepted

the product

Page 38: Turning defects into value

It enhancedsocial acceptance

of the users

A main reason isthat it satisfied their

religious values.

It added sense of hygieneIt enhanced

social acceptanceof the users

A main reason isthat it satisfied their

religious values.

It added sense of hygiene

Page 39: Turning defects into value

“talk to” the valuesof the customer

The lesson isAdd small amounts of

additives that“talk to” the values

of the customer

The lesson isAdd small amounts of

additives that

Page 40: Turning defects into value

Blue Ocean Strategy (BOS) suggests taking

your product into uncongested space

Blue Ocean Strategy (BOS) suggests taking

your product into uncongested space

Page 41: Turning defects into value

This presentation

suggests a new approach

This presentation

suggests a new approach

Page 42: Turning defects into value

Move values to new spacebefore moving your product

Take your product tothe space wherethe customers

meet their values.

Add human values to your offerings rather

than physical attributes.Move values to new space

before moving your product

Take your product tothe space wherethe customers

meet their values.

Add human values to your offerings rather

than physical attributes.

Page 43: Turning defects into value

It is time toscratch

your head

It is time toscratch

your head

Page 44: Turning defects into value

Eaglesdescend to

flow higher

Eaglesdescend to

flow higher

Page 45: Turning defects into value

Devaluateyour product,

your service to go

higher and to occupy uncongested space

Devaluateyour product,

your service to go

higher and to occupy uncongested space