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Why Buy a Feature Online is a Great Market Research Tool

Why Buy a Feature is GREAT at Prioritizing Features

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Ever wonder why Buy a Feature is so great? Well... this deck will give you the answers!

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Page 1: Why Buy a Feature is GREAT at Prioritizing Features

Why Buy a Feature Online is a Great Market Research Tool

Page 2: Why Buy a Feature is GREAT at Prioritizing Features

Summary

small feature

big feature

other feature

another feature

big featureeven more features

You have a list of features. You want to keep this small so you can release quickly.

We prioritize your features by engaging your customers in online games.

Our method provides you with actionable results. You get:

And your customers enjoy the process!

1. …2. …3. …4. …

A list of features ranked by your customers.

The reasons behind the ranking.

Customer feedback that shapes and improves the features.

Page 3: Why Buy a Feature is GREAT at Prioritizing Features

Agenda

• Traditional approaches to feature prioritization• Problems with traditional approaches• Buy a Feature• Benefits of Buy a Feature

Page 4: Why Buy a Feature is GREAT at Prioritizing Features

Traditional Approaches to Feature Prioritization

A single smart expert prioritizes on their own…

A small team negotiates the list…

Page 5: Why Buy a Feature is GREAT at Prioritizing Features

Problems with Traditional Approaches

Can the organization trust the instincts of the expert?

Small groups representing other organizations can slow down the process as they have to continually check with their organization.

Where is the “Voice of the Customer”?

Page 6: Why Buy a Feature is GREAT at Prioritizing Features

What We Want To Prioritize Features

• Lots of people actively engaged:Customers, Partners, Employees…

• A method that produces results!– What are the priorities?– What are the reasons behind the priorities?

• A method that improves the features!

• A method that customers will enjoy!

Page 7: Why Buy a Feature is GREAT at Prioritizing Features

How to Get a Group of People To Prioritize a List of features…

And Have Fun Doing It!

The Innovation Game® Buy a Feature

Page 8: Why Buy a Feature is GREAT at Prioritizing Features

Buy a Feature: A Collaborative Prioritization Game!

• 12-20 items described in terms of benefits and costs

• 5 to 8 players given limited budget

• Purchased items represent shared priorities

• Chat logs shape resultsA Game ToPrioritize Stuff

Page 9: Why Buy a Feature is GREAT at Prioritizing Features

To illustrate how Buy a Feature works, let’s imagine you make coffee makers and you want to prioritize a list of potential features with a group of channel partners from around the world.

Page 10: Why Buy a Feature is GREAT at Prioritizing Features

First, You Will Load Items Into Our System

A list of features with prices. See

any you like?

“Shirt Sizes” help you quickly price your

features – or you can enter a price directly!

Page 11: Why Buy a Feature is GREAT at Prioritizing Features

Next, You’ll Invite Players To Your Game

Page 12: Why Buy a Feature is GREAT at Prioritizing Features

Players are given a limited virtual budget to buy features.

Player bids.

Highly desired features are purchased through

collaborative negotiation.Players chat during the game providing you with rich insights that shape the features.

Players Collaboratively Purchase features

G

H

F

E

Page 13: Why Buy a Feature is GREAT at Prioritizing Features

Analyze Results to Identify the “What and Why” of Important features

G

H

F

E

ANALYZEWho purchased what?

How much did they bid?

Who negotiated with whom?

What did they say?

How did they shape the features?

Page 14: Why Buy a Feature is GREAT at Prioritizing Features

Play Several Games To Identify TrendsWe’ve played 35 Coffee Maker games with more than 150 people from around the world. Here are the results.

The “red” bar means that in some games players spent MORE money than needed.

All data from the games can be downloaded into Excel for

detailed analysis.

These results are scaled based on the number of times an item was purchased.

Page 15: Why Buy a Feature is GREAT at Prioritizing Features

And yes, it is FUNV1-388 Luke Did you enjoy this experience?V1-388 Toni Yes - fun!V1-388 Greg Sure.V1-388 Greg I enjoyed it.V1-388 Vladimir thanks for the chance. B)V1-393 Luke Did you enjoy the experience? Would you be willing to play again in the

future?

V1-393 Tom yes, and yesV1-393 Mike Yes -- it was funV1-393 Sarah DefinitelyV1-393 Dominic Yes, and I think VersionOne are getting great info here

V1-393 Patrick I would be happy to play again.V1-394 Luke Team, are you now satisfied with your bids?V1-394 Mike YES!V1-394 Rene yupV1-394 Andre Indeed.V1-394 Jim I want more money!V1-394 Andre It was hard. But lots of fun. And yes, I want more money too - do you

take credit cards?

V1-394 Mike hahahaV1-394 Mike ok, gotta go guys.... it was fun

Chat log extracts from three games played to prioritize a

product backlog.

Page 16: Why Buy a Feature is GREAT at Prioritizing Features

Ian Culling, VersionOne CTO says:

“The basic prioritized results

held surprises”

“The rich information captured during the

game helped us understand the basis

for that prioritization”

“The conclusions and recommendations derived

from the results were incredibly insightful.”

“Our customers really enjoyed the experience and appreciated the opportunity

to have influence on our roadmap and priorities – in an

hour or less of their time.”

Page 17: Why Buy a Feature is GREAT at Prioritizing Features

We Use a Tournament For Large Numbers of Features

Example: Suppose you had 46 features. We would run a 5 game tournament. Since each game will have 7 players, you’ve just engaged 35 people!

small feature

big feature

other feature

another feature

46 features…

Game 1 15 features

Game 215 features

Game 3Winners of

games 1 & 2

Game 516 features

Game 51. …2. …3. …4. …

Page 18: Why Buy a Feature is GREAT at Prioritizing Features

To Increase ConfidenceRun Several Tournaments

Tournament-1 Winners   Tournament-2 Winners   Tournament-3 Winners

Business Continuity      

Easy Contract Admin      

Joint Browsing     Joint Browsing

        Dedicated Support

Improve Corporate Search       Improve Corporate Search

Increase BRIC Sales      

    New User Interface New User Interface

        Salesforce.com Integration

    Diagnostic Tools Diagnostic Tools

Mobility Enablement Mobility Enablement   Mobility Enablement

Product Help Integration      

    Single Sign On  

Training Content on Web      

Unified Pareto Process        

Each Tournament produces a unique result based on the employees invited to play each game.

Patterns always emerge!

Three Tournaments will engage more than 100 of your

global customers!

Mobility Engagement is the obvious winner!

This is an example inspired by real features

for a F500 company!

Page 19: Why Buy a Feature is GREAT at Prioritizing Features

Tournament Results & Benefits

• What: A prioritized list features.• Why: The reasons behind the priorities.• Who: Instead of asking a few leaders to

make the decision, our approach leverages the wisdom of your “customer crowd”.

• Engagement: Instead of a long and boring survey, your customers play a one hour game. They enjoy the chance to

collaborate with other customers!

Page 20: Why Buy a Feature is GREAT at Prioritizing Features

Want To Learn More?

• Visit us at: www.innovationgames.com.• Contact us at [email protected]. • Call us at (408) 529-0319.• Share this deck.