About six years ago, I had the opportunity to work with one of Africa fastest-growing fast-food chains. My assignment was in the Island region, where I worked on a remarkable transformation in the fast-food eco-system. We dominated the market as t
here was massive adoption of our products rails by the working class (middle and low-income earners), and they made purchases due to the level of hygiene, speed of service, ease of purchase, great ambience, and the wow factor Nice! Nice! which was peculiar to the brand.
During my
time there, I was struck by a significant observation ‘the store was filled
with hundreds of pizza wrappers”! As a Product Manager, I often see how
prioritization is driven by stakeholders' perspectives, often overlooking the
importance of a lean agile process, and focusing solely on visible market
gains.
I recently
had a session with @setsquared-Partners
and I also observed that this is not limited to
local contexts. Stakeholders globally tend to focus on the bigger picture.
Inspired by this insight, I decided to share my thoughts on product adoption
with product teams, leads, and stakeholders, using a case study of a FMCG
company.
The
striking realization I mentioned above was because I had a “pre-admonition” that
our products were entirely thought out and the process of decision had been
agile from onset. I mean it was what a newbie operations Manager perceived!
The brand appeared to have started with a MVP (Rice
and chicken) and the entire business model was responsive to customer behavior
and they aligned their product packages, layout, processes and resources in that
direction but I was completely shocked that we had moments of generalist
business!
Product
prioritization is essential to ensure that the development team focuses on
delivering high-value features in an iterative and efficient manner. Stakeholders
in a new business Enterprise without agile teams or innovation leads, most
often fall into the product pilot trap by making product decision based only on
stakeholder interest, market trends or existing competition (loud noises). This
is prevalent in the tech industry as most product adoption has a low score (churn
rate). This is a significant challenge in getting consumers to adopt innovative
offerings.
To address
this, it is crucial to understand that customer discovery and acquisition is a
journey and must be unlocked via design thinking approach. Deep insights into
consumer preferences, pain points, and aspirations are gained through the
"journey of customer discovery" to determine what to build and what
not to build.
Referring to our use case-; they understood the importance of empathizing with their target consumers to develop products that truly meet their needs. Armed with valuable customer insights from their innovation package i.e., CRM-Tilling machine, they adopted a lean approach, enabling them to iterate and refine their products rapidly. Companies that prioritize product development in this manner tend to outperform others by at least 70%. (ProdOps)
Product
adoption is challenging.
I remember a pilot partner
courier service –with over 20k users couldn’t scale with the projected solutions for the
inherent business phase of CR and another competitor developed a catalytic
marketing app to create a shift in consumer behavior. This transition was not as smooth, but it quite
doubled product penetration by double digit across the covid-19 period and with
rapid iterations grossed over a billion in sales.
the case study company employed a combination of lean approaches. Internally, there is clearly defined
product vision and smart goals. We assessed the value of each user story or
epic (product) in terms of its impact on customer satisfaction, revenue
generation, and strategic alignment. We conducted a value versus effort
analysis, considering factors such as development time, resources, and
dependencies, using the RACI/KANO prioritization framework. The rapid
innovation and customer centric approach led to increased product adoption,
resulting in improved customer retention rates.
Notice how we didn’t priorities stakeholders’ involvement over processes.
As a matter
of fact, business meeting was held to provide strategic direction. By the time
other market entrants and oldies became aware, close competitors had begun to shut
down. Recently they also fine-tuned their innovation package to make it more convenient and more economical with their egg-star
move! With regular product testing, incorporating customer feedback to
enhance taste, texture, and nutritional profiles they have remained relevant.
In conclusion,
as a product manager you have a responsibility to provide clarity to the entire
team as well as business leaders. This is why in situation that seems to have
stakeholder tradeoffs or interests. It always good to share primarily solutions
that align with core business values. Chicken Rep's journey exemplifies the
power of a lean agile process, design thinking, rapid innovation, and effective
product prioritization. Through their strategic approach and relentless pursuit
of customer satisfaction.
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