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Category Archives: Product Development

McKinley Advisors’ blog posts on product development.

Association Product Life Cycle

All good things – including association products
– must come to an end.

Anyone who has been in the market for a smart phone in the last few years knows that the life of such a product can be measured in months, if not weeks. Rarely does a phone stay on the market for the length of a purchaser’s contract. As technology improves, new versions take the place of older phones, rendering the old device virtually obsolete.

By comparison, how many products or services does your association offer that are more than 10 years old? How many are more than 20 years old?

The cell phone universe is an extreme example of the product life cycle, but it’s clear that for-profit companies judge their products based on what they offer to the customer, what competitors are offering and whether the product is meeting revenue targets. If it’s no longer accomplishing clearly set goals, a product is pulled from the shelves in favor of a faster or better replacement.

McKinley recently hosted a breakfast with association executives, and we had a chance to explore this topic in more depth. The common feeling among those in attendance was that associations trail the for-profit world not in terms of product development, but in terms of product retirement. For whatever reason – be it the demands of a vocal subset of members, the emotional attachment of a Board member or a perceived market monopoly – an association product or service can often remain available well past its useful life.

The result can be a drain on association resources. Instead of spending time and money innovating and developing a new product that meets the evolving needs of members, an organization could spin its wheels offering a product that has lost its primary value.

So how can an association break this cycle? By collecting and using data. Emotional attachment can be a dangerous thing when it comes to product evaluation, and absent hard facts about a product’s performance, it can be an organization’s only fallback option. Sales data, member and customer usage information and knowledge of customer demand and satisfaction all can help an organization to make informed choices about its product portfolio. By sunsetting products that are no longer sought after by a majority of members and customers, an association can free up resources to develop new offerings that appeal to a wider audience and make the organization even more valuable.

~ Post by Mike Norbut, Managing Consultant

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Global Content Dissemination

The following is a guest post from Peter Turner, Senior Advisor, Global Development Strategy of MCI Group SA re-posted with permission from their blog GrowGlobally.org.

Global Content Dissemination –
Opening New Markets for Existing Education Products

In the new book “The End of Membership As We Know It,” the author contends that the era when associations could count on members joining and renewing with a relatively unchanging menu of membership benefits has passed.

To support this notion we’ve seen a couple US association industry trend surveys from last year suggesting that associations will need to ramp up their product development capacity if they hope to keep their existing members or secure new ones.  Today, it is all about “product first strategy” as the lead value driver rather than simply selling membership.  At MCI, this has been a key recommendation we have made to clients who seek to expand outside the US market, but now the need to provide value for money is relevant everywhere.

  • 97% of large association respondents needed to make their event brands more exciting, informative, innovative, learning experiences
  • 73% of associations of all sizes experienced rising member and customer expectations corresponding to increased pressure to deliver immediate results
  • 56% of associations planned to find new pricing models or revenue streams from their meetings
  • 54% of associations were determined to find ways to repackage and resell their content to new audiences

To help association executives understand their options for those seeking to find new markets outside the United States, MCI Group and Bluesky Broadcast have formed a strategic partnership to offer an “end to end” solution from content capture, digitization, e-commerce, marketing, and sales.  The opportunities for associations is to offer new ways to add revenue from existing content WITH COST to associations with proven product development and sales pipeline development capability across 47 cities and 23 countries on 5 continents. 

Phil Forte, President of Blue Sky Broadcast, and Peter Turner, Senior Advisor, Global Development Strategy for MCI-Group, presented a LIVE webinar on January 18th to 50 associations to outline the importance and benefits of global dissemination of captured presentation content for associations.   They explained how Western education and meeting products have and will continue to play a critical role in helping emerging and developed markets meet the opportunities and challenges of the future. The presentation discussed leveraging content value and the ways to extend and expand that content.

To view this 30 minute webinar on demand at your convenience, we invite you to view this session here.

Association execs need register for access to the session which can be viewed at your convenience and saved or replayed as you like.   If you have questions, please contact Peter Turner at 571.275.1516 or by email at peter.turner@mci-group.com.

Global Content Dissemination Webinar 1 18 12
View more presentations from Peter Turner

About the author

Peter Turner

As MCI’s Senior Advisor, Global Development Strategy, I help associations build and execute global growth strategies. Over the past 30 years I have served three associations (ASAE, MPI and IEEE Computer Society) as a leader of business, product and partnership development.

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Meaningful Work

“My passion has been to build an enduring company where people were motivated to make great products. Everything else was secondary. Sure, it was great to make a profit, because that was what allowed you to make great products, but the products, not the profits, were the motivation.”

-Steve Jobs, in Walter Isaacson’s Steve Jobs

Over the holiday break, I had the pleasure of finishing Walter Isaacson’s biography on Steve Jobs. While reading it, I couldn’t help but consider our clients, where I work and how McKinley’s leaders have shaped our company. Our growth over the last few years has been outstanding, yet we all feel it is not as much about profit as it is about our ability to help shape the association community. Association staff members are passionate and driven to serve their members and their organization’s mission, which in turn makes our work at McKinley incredibly meaningful. And I am thankful that Jodie and Jay are nothing like Jobs! (Click here to see Jodie’s acceptance speech for the Academy of Leaders award—it might make you cry.)

As I kept pondering this unlikely comparison, I realized Apple and associations have some intrinsic similarities, but their approaches are just different. Let me explain.

Passionate People. Associations are unique places to work. Many have a mix of employees who come from the industry the association serves, and others who have backgrounds in areas such as marketing, research or advocacy. Working for any non-profit usually means that you have altruistic motives and find fulfillment in the work you do rather than in your salary. Therefore, passion for what your organization does and those it serves is the primary driver for most association staff to create great products and services.

Associations are lucky in that they attract passionate people. In contrast, Jobs struggled for a good portion of his career to find the right mix of people and to motivate them appropriately. He seemed to finally find the right balance during his last years at Apple. One thing is clear: anyone working for Jobs had to be passionate about the product, which is not so unlike how an association’s staff must be passionate to create great resources for members.

Market-Oriented. Throughout his career, Jobs made it clear that he thought people could not envision or know what they want, so he did not believe in market research, such as surveys or focus groups. Jobs and his teams created products that they thought the world should own and ensured that these products integrated together beautifully.

Anyone familiar with McKinley knows this is the opposite of how we operate—most of our engagements begin with market research. Most association executives understand that research gives members a voice and yields valuable insights to help organizations make effective decisions to enhance the member experience. Without truly understanding members, their needs and their perceptions of the organization, it would be difficult for an association to effectively make decisions. Therefore, associations are market-oriented because they take the time to understand their market and then do what they can to fulfill their members’ needs.

Integrated Experience. Associations do not have the integrated end-to-end user experience that comes with owning an Apple product. But like Apple, an association’s services can certainly integrate beautifully together or be very effective on their own. For example, a member or potential member could just go to a conference, but if they fully embrace the association and all it has to offer, they will receive a lot more. The member who enrolls in continuing education webinars, participates in the online community and reads publications is likely to have a better, more fulfilling experience. This end result is not unlike what heavy-duty users and Mac fans say about Apple.

Apple doesn’t thrive on people who just have an iTunes account, they want people to buy in, “drink the Kool-Aid,” and invest in more Apple products. iTunes was developed as a gateway—a method of introducing people to the Apple experience. Also, Apple is genius when it comes to repurposing and remerchandising. Who really needs an iPod, an iPhone, an iPad and a Mac laptop? How many people have most or all of these items? Apple has created excitement over enhancements in their products and the unveiling of the latest version of a product. I constantly wonder how I manage to live without Siri on my iPhone. Apple has repurposed its products and content in such a way that encourages people to buy more. Associations can definitely learn something from Apple when engaging members and repurposing educational content. Conferences or online resources could be seen as gateways, like iTunes, to everything the association has to offer.

In addition to being reasons why associations produce meaningful, high-quality work, these are also the very same reasons I love working at McKinley. By being passionate about our work and helping associations, McKinley is an enduring company where people are motivated to do their best and create meaningful experiences for our association clientele.

~ Post by Rachel Friedmann, Marketing Manager

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