Despite his obvious quirks, well documented mercurial personality and often abrasive management style, there is no doubt that the late Apple co-founder, Steve Jobs, was an exceptional CEO when it came to developing and marketing blockbuster products.
With all that has recently been written about Mr. Jobs, some are calling into question fundamental marketing principals by pointing to Jobs’ lack of belief in both marketing research and identifying the wants and needs of potential customers. According to his biographer, Walter Isaacson, Jobs once shared this opinion of market research: “Did Alexander Graham Bell do any market research before he invented the telephone?” His point of view was that customers didn’t know what they wanted, until Jobs told them.
Obviously this flies in the face of conventional marketing wisdom. Yet how does one argue with Apple’s success? The company reported over $100 billion in sales in 2011 making it one of the top technology companies in the world. Clearly much of this success came from such innovative products as the iPod, iPhone and iPad, all introduced under Jobs’ direction.
Accordingly, some CEOs may feel that they should follow Steve Jobs’ example and stop worrying about how well their products and services align with the wants and needs of their customers. Frankly, I think this would be a very dangerous strategy, unless the CEO shares Jobs’ uncanny ability to intuitively develop innovative products that resonate with his or her customers. Even then, remember that Jobs had his share of failures (remember NeXT Computers?) as well.
Fact is, we all make product and process decisions based on our understanding of what we can provide our customers that will solve their problems, make their lives better, or meet some other desires. We can get these insights through formal research, Customer Relations Management (CRM) systems, or simply being well tuned in to our customers through social media and other information tools.
Regardless of how Steve Jobs was able to tap into the minds of his potential customers, whether through intuition, observation, osmosis or witchcraft, he recognized unmet desires and developed unique ways to address them. He understood, for example, that many people were unhappy with the clumsy nature of early personal computers and software, and so applied new technologies (initially developed by others) to create a more user-friendly product. When digital media was in its infancy, he rightly figured out that people would be interested in a more convenient method of obtaining and managing their music, videos and other content.
Regardless of how he obtained this information, Jobs’ genius was in what he did with that knowledge. His greatest strength was in applying creative design, pushing the limits of technology, and seeing beyond what was commonly accepted as possible.
So before abandoning the concept of aligning your products and services with the wants, needs and desires of your customers, consider this: Innovation and success comes from understanding your customers, no matter how you achieve that knowledge, and then creating new and exciting ways to make what your company does relevant to your customers.
If you can do that, the enterprise you lead may someday enjoy the same kind of success and customer loyalty that Steve Jobs created for the company he helped found in his parent’s garage.
Norman J. Vallone helps businesses achieve their goals by advising, training and empowering them to strategically market their products and services. You can contact him via email: njv@njvallone.com or by calling 937-272-2051.