Choose Your Enemies Carefully
March 20th, 2012“Choose your enemies carefully because they will define you
Make them interesting because in some ways they will mind you
They’re not there in the beginning but when your story ends
Gonna last with you longer than your friends”
- “Cedars of Lebanon”, U2
A while back, we were helping a client think through its market positioning strategy when we laid an important question on the table. We asked them, “Who is your competitor?” The question brougth the meeting to a halt.
Things had been going well for the client. The company was still young, but it had passed through the first few critical stages of growth. In fact, it had grown so fast that its handful of relatively close competitors were quickly fading. These competitors surely had some kind of future to them, either by focusing on niche solutions or exiting through acquisition, but it was clear that our client had lapped them.
And this created a bit of a quandry on the PR side. Why? Isn’t beating your competitors to a pulp in the early rounds of a 12 round fight the objective?
Think about it this way. Like many young tech companies, the client had an innovative product for a growing problem but in a relatively immature market. Early on, the fight between 3-5 viable competitors demonstrated that there was a real market. Now there was only one.
And mass is critical for investors, analysts, press and others. All of the sudden, we were the only ones talking about the solution. We were a lone voice asking people to rewire their brains around a nascent idea and commit to believing that it had a future.
So there we were with this question: who is your competitor? And we got the same response that we have heard from so many client in the past: “complexity”. And that’s fair. But complexity is amorphous. I can’t point to complexity easily. If you put “Complexity” on a Wanted poster, will anyone care?
We could see that the client was struggling with this, so we asked them to think about this way: “Who is your enemy?” That turned out to be a easy question to answer. There was a clear incumbent system at almost every customer and prospect site that was the enemy. But the client had never thought about it that way because it wasn’t a clear replacement cycle pitch, e.g. salesforce.com vs. Siebel.
Sure, other companies could easily say that this incumbent system was their enemy too. And we knew 100% that no one would believe today that the client’s solution was the absolute replacement. That wasn’t the point. Once we started unpacking this perspective, we started seeing a whole new path forward to telling our story long term - and one that no one had told cohesively. And following this path has made all the difference for the client.
If you want to know more about this case study, I’m happy to share the specifics with you. But just think about all of the incumbent systems and solution providers that we all hate dealing with everyday: your mobile phone provider, your cable company, your software/hardware provider… I’m pretty sure that you can come up with your own hit list pretty fast.
