Scale Fast to Beat The Competition
Why do so many engineering-led CEOs have a hard time scaling their company? I’d estimate more than 90% of our clients are engineers first and become CEOs later. An engineering background is of great value today – inspired ideas, technical abilities, and intense drive bring great products into the world.
Unfortunately, the problem is that many of these products fail to scale fast, and dreams of becoming the next unicorn are quickly squashed. Sadly, when this happens, the world doesn’t derive the benefits of the product the team has worked so hard to bring to market.
In today’s fast-paced market, having a strategy to scale fast is a key to staying ahead of the competition. And trust me, there is lots of competition. I’ve seen a lot of situations where suddenly a competitor figures out how to both mimic the technology and to bring it to market in a way that scales fast. The first-at-the-gate CEO is left baffled – wondering what these usurpers did right in order to scale fast and win the market.
It Matters Where Your Promise is Rooted
The difference between failing and succeeding often comes down to the promise that surrounds the product. Traditionally, it was enough to root that promise in the engineering behind the products – focusing on the technical benefits and features. But now, more and more products are scaling fast and taking hold of the market by basing their promises outside the realm of engineering.
Why Promise More Than Good Engineering?
It is no doubt very hard to accept that, in today’s world, the most “obvious” story isn’t always the “right” story to tell. What may be obvious to an engineer leading a company, is rarely as obvious, relevant, and compelling to your audience.
As more and more successful brands are realizing, the best stories don’t revolve around the engineering “outputs” of your efforts but rather the personal, social, and environmental “outcomes” they produce.
Quite simply, the most compelling outcomes are those that touch the core human needs of everyone, and which incorporate whatever positive impact your brand has on the society, people, or even the environment.
Searching for Meaningful Outcomes
To develop an outcome-driven promise that really changes the way people think, feel, and act, you need to see your product through the lens of true and meaningful outcomes.
As such, you need to interrogate your product to uncover how it can make people feel more positive, more connected, accepted, capable, and competent. Accounting for all the positive, human contributions that flow from your product and brand, help shape emotional outcomes that act like magnets – drawing people into your brand, filling them with desire for your product, and ultimately, leading them down the path to purchase.
Outcome-Based Promises Help Products Scale Fast
Outcome-based promises have great power because they resonate deeply on an emotional level that lies well below the surface. By addressing basic human needs and desires, they register internally in very significant ways. While people may not readily talk about these transformative experiences, they nonetheless are influenced by them in ways that lead to new ways of perceiving your brand and acting in its interests.
Suddenly, There’s a New Light Shining on Your Engineering
People drawn to a brand through deep meaning develop an appetite for information that validates and supports their decision to embrace the brand. It’s part of human nature. Because of this, when people are emotionally connected to your brand, they are primed to appreciate your engineering story too.
They may well have turned away if you had started with your engineering-based promise of solely features and benefits, but now, they now stick by you as they recognize your features within the broader context of your meaningful product story.
Develop your brand story on truly meaningful outcomes to engineer success, scale faster, and grow smarter.
Emotive Brand is a startup brand strategy firm.