Ideas to Income BlogAuthorMark Dresdner injects innovation into established companies to realize dramatic profit growth. Examples include new business models and pricing strategies. Archives
January 2016
Categories
All
|
Back to Blog
We all have a natural tendency to jump to generating solutions. I do it. Admit it—you probably do too. However, in the process we make flawed assumptions about the problem we are solving.
Some risks in jumping to solutions, based on a quick guess at the problem include:
Remember that the problem is not always what it first seems to be. Leo McGinneva described why people buy quarter-inch drill bits: “They don’t want quarter-inch bits. They want quarter-inch holes.” And Charles Revson made a distinction regarding the business of Revlon: “In the factory we make cosmetics. In the store we sell hope.” Therefore, we need to dig deep to uncover the root cause of the problem. Painstorming Painstorming is one approach to understanding the problem as a team:
Once we truly understand the problem, we can brainstorm solutions. This way we will be solving a real, meaningful problem for which customers are craving a solution.
1 Comment
Read More
|