What Business Are You Really In? Ask Your End Users
As Theodore Levitt pointed out in 1960, railroads stopped growing because they assumed themselves to be in the railroad business rather than in the transportation business. Which poses the question: What Business Are You Really In? This is a question that every industrial manufacturer should be asking. Like the railroads, industrial manufacturers tend to be product/corporate-centric. For instance, at a recent global trade show for industrial manufacturers we attended, we were hard-pressed to find anything that spoke to what the product does for the person buying or using it beyond the [...]