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market research and benchmarking question: did everyone get my "email test”?

2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

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Page 1: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

market research and benchmarking

question: did everyone get my "email test”?

Page 2: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

magenta?

Page 3: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

red

Page 4: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

coral

Page 5: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

orange

Page 6: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

amber

Page 7: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

yellow

Page 8: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

chartreuse

Page 9: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

green

Page 10: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

cyan?

Page 11: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

blue

Page 12: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

periwinkle

Page 13: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

purple

Page 14: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

onyx

Page 15: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

onyx chartreuse blue

Page 16: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

focus groups interviews surveys observation persona building user testing

market researcha snapshot of the market

understand the demand/competition/trends more quantitative + sales focus

literature review internet search

trade shows visiting points of sale

experts benchmarking

both are important and happen throughout design process for getting ideas, evaluating ideas, and refining ideas

ANTH 4035  Ethnographic Research Methods ANTH 4121  Business Anthropology

MKTG 3010 -  Marketing Research

insights from actual/potential customer understand user behavior, needs, motivation more qualitative + needs focus

user research

Page 17: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

benchmarkingIs the continuous process of measuring products, services and practices against the toughest competitors or those recognized as industry leadersonline and in person

Page 18: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

User and Market Researchexplore the existing market, find opportunities, get inspired

design process (step one)

take notes, photographs, sketch ideas in your notebook

(market research - benchmarking)

Page 19: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

Brainstorm Assignment60 total ideas for fun and functional home solutions note: avoid purely digital apps

Choose your overall favorite 10 ideas

make photocopy duplicates of these 10

pages

Redraw these 10 ideas on 10 half-sheets

of paperwith a sharpie

include a title and your name on each

bring your 10 pages of ideas, the

photocopies of those 10 pages, and your notebook to lab

this week

in your notebook

Page 20: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

make informed decisions

have ideano / poor

market research

full steam ahead!

good market

research

find similar idea on market

get upset give up

(really?! keep looking)

OK do people want it? can you make it?

are there distantly related products?

find nothing similar

yep nothing

like it

edit your idea

can you do it better? can you do it different?

bad designer!

No!

bad designer!

No!

“we will do the same thing BUT make it better and for less money"

- every business student ever

can you actually do it better? can you actually do it different?

Page 21: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

this is not a product… but what if…?

it can be fun to make ice cream by playing with a cold container full of liquid ice cream ingredients!

an INSIGHT!

from experience observation asking … youtube

Page 22: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

The Ice Cream Ball!it’s the best idea i’ve ever had

i can’t tell anyone or else they will steal it

ice cream ball

put ice in the outer chamber and ingredients in the inner

and roll it around

Page 23: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

these sketches represent the same idea

not a creative idea

VERY creative idea

kudrowitz, te, wallace 2012

Page 24: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

have idea

good market

researchice cream ball

put ice in the outer chamber and ingredients in the inner

and roll it around

Page 25: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

copyingnon-

improvement change

incremental improvement

new interface/ interaction

radically different means/technology

all of these meet the same need/purpose all are market alternatives

some naughty companies just do this and are profitable

there is a known market

you can/should/will be more creative

it can be fun to make ice cream by playing with a cold container full of liquid ice cream ingredients!

ice cream ball

put ice in the outer chamber and ingredients in the inner

and roll it around

Page 26: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

copyingnon-

improvement change

incremental improvement

new interface/ interaction

radically different means/technology

ice cream ball

put ice in the outer chamber and ingredients in the inner

and roll it around

Let’s Practice

have idea

good market

research

find similar idea on market

edit your idea can you do it better?

can you do it different?

it can be fun to make ice cream by playing with a cold container full of liquid ice cream ingredients!

Page 27: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

chocolate + nougat

chocolate + nougat

+ caramel

chocolate + nougat + caramel + peanuts

how much do we need to change to be successful?

how innovative do you want your idea to be?

Page 28: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

chef’n mini ice cream sandwich

19.99

yay labs ice cream ball

28.10

bigfoot ice cream machine

38.75

chef’n sweet spot

37.16

gourmet ice cream maker

23.99

how much of the market to benchmark?

alternative purchase

different user group

no longer sold related products

$19.99 - $59.99 price range, chef’n leader, aesthetics

cra-z-art real ice cream maker

29.95

cra-z-art cotton candy maker

59.99

zoku instant ice cream

27.99

know your competition

Page 29: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

free market/user researchwith dozens of suggestions for improvements and desires! benchmarking is also a means of idea generation

yay labs ice cream ball

28.10

bigfoot ice cream machine

38.75

chef’n sweet spot

37.16

chef’n mini ice cream sandwich

19.99

gourmet ice cream maker

23.99

cra-z-art real ice cream maker

29.95

cra-z-art cotton candy maker

59.99

zoku instant ice cream

27.99

Page 30: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

yay labs ice cream ball

28.10

leaks leaked mess leak broke sides leaking

free market/user researchwith dozens of suggestions for improvements and desires! benchmarking is also a means of idea generation

Page 31: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

blue ocean few competing products (but unproven market)

red ocean lots of competing products

(but proven market)

benchmarking is assessing whether you are in a blue or a red ocean. if it’s red, can you find a gap of blue?

- andrew comfort

Page 32: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

(red ocean) benchmarkingcomparing your product to competitors

(this is when you actually have a market ready product)

Page 33: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

what about IP?intellectual property - patents

short answer: don’t worry about it yet

long answer:

you can’t patent an idea, only a specific implementation

Page 34: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505

Brainstorm Assignment60 total ideas for fun and functional home solutions note: avoid purely digital apps

Choose your overall favorite 10 ideas

make photocopy duplicates of these 10

pages

Redraw these 10 ideas on 10 half-sheets

of paperwith a sharpie

include a title and your name on each

bring your 10 pages of ideas, the

photocopies of those 10 pages, and your notebook to lab

this week

in your notebook

Page 35: 2019 lecture5 market research - Product Design...505 benchmarking Is the continuous process of measuring products, services and practices against the toughest competitors or those

505