Innovation Workout Assessing the Potential of Beats Music Global Innovation Management Global Innovation Management Dr. Dre vs iPod-iTunes • The iPod is a premium device. • With strongly linked content services, iTunes • amounts to a fashion and lifestyle statement inherited from its larger siblings. Beats Music —much like existing subscription music services – available in versions for Apple’s iOS devices, Android, Windows – Offers more than 20 million songs on demand, – And ability to follow fellow users Global Innovation Management Hardware? What Hardware? • Beats needs to be viewed as a platform. • Beats provides a ticket to: – – – – Negotiate with record labels and Indies; Negotiate with Hollywood studio execs; Give away (where legal) hardwardto build corporate good will; Poison other services’ dealings with other clients and partners; and – Develop product placement and visibility on TV. Global Innovation Management Toolsets Quiz & Organize with a Mind Map Ask Questions: Customer Experience is dynamic • Who? • … is with customers while hey use the product – How much influence do they have • If we could arrange it, who would we want the customer to be with … • What? • • • • – … Do our customers experience when the use the product – … needs provoked our offering What else? … might customers have on their minds When? … do our customers use this .. Where? … are our customers when they use this How? … do customers learn to use the product . Global Innovation Management Toolsets Overview of Feature Set Prioritize and choose the major features of Beats’ innovation Review the main innovation features with a featureattribute map for the entire innovation Basic Discriminator Energizer Positive Nonnegotiable Differentiator Exciter Negative Tolerable Dissatisfier Enrager Neutral So What? Parallel Global Innovation Management Toolsets Consumption Chain Analysis • • Determine the main steps in consumption You should only list the 3 or 4 most important steps Selection Search – Or leaves the consumption process (not good) Delivery Repairs and Returns These will determine whether the potential customer proceeds to the next step (good) Order and purchase Awareness of need Payment Final disposal Service Financing Use Leave • Continue Global Innovation Management Receipt Storage and trasport Installation and Assembly Toolsets Feature-Attribute Map the 3-4 Key Steps in the Consumption and Manage those 3-4 Steps Leave • Identify Discriminators and Energizers • Describe how you will manage each of these features of the consumption process Continue Basic Discriminator Energizer Positive Nonnegotiable Differentiator Exciter Negative Tolerable Dissatisfier Enrager Neutral So What? Parallel Global Innovation Management What to Present • Mind Map of Feature Sets for the Beats Platform (business model) • Consumption Chain with key steps containing discriminators and energizers • Tell how you will manage each discriminator or energizer to encourage consumers to move to the next step of the Consumption Chain Global Innovation Management