The expressed views of the contributors of the entrepreneur are their own.
The competition of technology speed is wild and every edge is an advantage. Leaders’ leaders reward strategies that focus on low production costs to offer products or services at lower princes than compaletors. However, our latest experience has revealed time to become an unarmed hero when adding the value to the product.
With the deployment of the fiber broadband and the connection of houses, we know that time is decisive for maintaining costs manageable. We knew that our customers had to open the manhole, pull out the cables, prepare, undress and connect them, and then introduce each cytor to the place, and that time cost our customers’ money. So we developed the function of our existing technology for the development of our signature deployment method, allowing technicians to connect directly in the cabinet. The change of design was hardly revolutionary, but in the end it doubled the number of technicians who could place in a day, and customers quickly noticed this difference.
Our first ads describing the time savings of our product have attracted the attention of large service providers who sent employees to explore our demands, which eventually led to their business. As reports of their time savings are spreading, we grew out of the supply of one part of the state to the whole state, then more states. The more we have demonstrated, how our technologies are excessive to their goals at the same costs as competitors, the more customers seek us.
It is called classic because it is more than just a broadband connection – time is Money. When developing strategies to maintain competition, the use of the value of the product in the development of the product is just as important, not more than the cost of consideration.
Related: Time is money and its much existence
Customers appreciate their time
Whether they know it or not, customers appreciate time. When the product design shortens the time that requires customers to perform tasks, customers save labor costs, operating efficient and market speed. If the fiber installation can connect multiple houses every day using time-efficient tools or components that take third less time for installation-is conveniently convenient for each. Service multiple customers with economic benefits of broadband with high SPI and the company generate revenue faster.
Just as software allows businesses to spend fewer resources on routine tasks when products are considering reducing time on behalf of customers, helping them to release more time for innovation, scal their operations, or provide trouble -free experience with customers. Allowing the success of our customers allows them to send and provide value faster to their customers, potential by saving customer time and satisfaction and loyalty management. Customer wins are our winnings – the faster we help them achieve their goals, the more valuable our product to them.
Related: Time Management of Hacks, which very successful people practice daily
The right partners save time
The expert’s inspection and instructions save time in the development of products, which is that we focus more on field engineering than on laboratory engineering. Our employees and engineer experts help us identify and compare the best available options. During their lenses, over hundreds of years of experience, we can determine faster what works best for craftsmen and techniques that use our products, and intensively shorten the time to learn, install and deploy in the field.
The right partnership of the supplier chain can also contribute to saving time in product development. Partners of the offer and distribution who appreciate time will have processes and systems to maintain the right love for stocks and provide customer service that allows us to develop and run our products earlier. When we decided to diversify our supplier chain and ensure that it is not dependent on one source, we are in advance with our partners that we do not listen to our competitions, but to avoid delay and derailment of the project. Because our partners understood the value of this saved time, our transparency has strengthened these relationships, which eventually allowed our business to prosper during the COVID-19 pandemic.
Related: Don’t Go Alone: How to use partnership as a growth strategy
Allow time to create a value
Like computers, phones, applications and other technologies we use every day, some of the most changing innovations change improvement after improvement that gradually help us do more and do better. Yet to integrate time savings in the product development process and the development of time -efficient product design requires a lot of equity, ideas and years of knowledge. Here are the ways to start:
- Make the installation and operation of products easier. Engineer “craft” products with respect to the end user. Evaluate the use of the customer at every stage of your life and reduce the complexity of installation and user interfaces. Products that operators save on field time create value by rapid completion of the project and reducing work costs.
- Reduce the time spent. Consider any internal process, task and workflow involved in product development and how to make it more efficient, or a slot machine or simplify them. Bring experts and provide all involved in this cycle – from engineering and team management, sales and accounting – a place at the table for comprehensive knowledge.
- Check your supplier chain. Evaluate the supplier chain partners and where they do not help save time when designing and deploying the product or cause delay. Develop a network of different partners of the supplier chain ready for scale, but they are also preparing to check costs in time.
- Clearly communicate the position of the company in time. VP and above often understand the imperative of time and its values when purchasing, design and deployment of products, but they must hand over this knowledge to all team members who suppress the purchase process to ensure that time will always consider.
How good ideas move from one to the other, the old guard could naturally hold on to what always worked before: the cost reduction has always been a competition in the past, so why change? In our experience, however, customers are willing to pay a premium for a product that can be quickly introduced and allows them to go to the next project before. Time can add a significant product value and keep the company in front of the curve, so don’t let it be thought out. From efficient processes, creating the right partnership and designing with customers, learn to use time wisely to develop products and increase profitability.
(Tagstranslate) leadership
