{"id":768295,"date":"2021-08-24T10:08:28","date_gmt":"2021-08-24T17:08:28","guid":{"rendered":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/?post_type=msr-blog-post&#038;p=768295"},"modified":"2021-08-24T10:08:28","modified_gmt":"2021-08-24T17:08:28","slug":"the-true-cost-of-your-idea","status":"publish","type":"msr-blog-post","link":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/articles\/the-true-cost-of-your-idea\/","title":{"rendered":"The true cost of your idea"},"content":{"rendered":"<p>By <a class=\"msr-external-link glyph-append glyph-append-open-in-new-tab glyph-append-xsmall\" rel=\"noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/johnwestworth\/\">John Westworth\u00a0<span class=\"sr-only\"> (opens in new tab)<\/span><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-768298\" src=\"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-content\/uploads\/2021\/08\/iStock-1189916582-1024x512.jpg\" alt=\"woman putting her creative ideas on the dish of a scale\" width=\"1024\" height=\"512\" srcset=\"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-content\/uploads\/2021\/08\/iStock-1189916582-1024x512.jpg 1024w, https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-content\/uploads\/2021\/08\/iStock-1189916582-300x150.jpg 300w, https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-content\/uploads\/2021\/08\/iStock-1189916582-768x384.jpg 768w, https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-content\/uploads\/2021\/08\/iStock-1189916582-1536x768.jpg 1536w, https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-content\/uploads\/2021\/08\/iStock-1189916582-2048x1024.jpg 2048w, https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-content\/uploads\/2021\/08\/iStock-1189916582-240x120.jpg 240w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><em>Image credit: iStock\u00a0<\/em><\/p>\n<p>\u201cThere is no such thing as a free lunch.\u201d<\/p>\n<p>The saying goes that \u201cideas are cheap, but failure can be expensive.\u201d Each idea we implement, whether it succeeds or fails, has hidden costs which we often don\u2019t consider. You\u2019re aware of the obvious costs such as research, design and development. But have you considered the costs of implementation, change management and the ongoing costs? These hidden costs may be contributing to your idea not being fully used by your customer.<\/p>\n<p><strong>Implementation costs<\/strong><\/p>\n<p>Your feature is turned on by default and the customer doesn\u2019t need to do anything, right? Wrong. Every idea needs to be checked for security, privacy, and compliance issues. IT needs to be trained and ready to support your idea. Their own support teams need to be ready for the inevitable questions that come their way.<\/p>\n<p>In DevOps, there\u2019s a concept of planned and unplanned work. According to a study by PagerDuty, \u201c70% or more technology staff are negatively impacted by unplanned work in three or more different ways, including heightened stress and anxiety, reduced work-life balance, and less time to focus on important work.\u201d Organizations classify an idea we release without enough notification, supporting content or controls as unplanned work.<\/p>\n<p>All of this has a cost to the customer. Yes, that puppy may be \u201cfree,\u201d but there\u2019s a lifetime of cost associated with it.<\/p>\n<p>How might you do a better job of enabling the customer to successfully implement your idea?<\/p>\n<p><strong>Change Management Costs<\/strong><\/p>\n<p>Although we like to think our idea is so beautifully designed and easy to use that people will just start using it straightaway, that usually isn\u2019t the case. Users want to know:<\/p>\n<ul>\n<li>Your idea exists \u2013 One of the biggest challenges our customers face is keeping up with the volume of changes in our services. Many great ideas get lost in the deluge of ideas pushed to customers daily.<\/li>\n<li>What does your idea do \u2013 What does your idea do <em>for them<\/em>? And how does it make their life easier?<\/li>\n<li>Why your idea? \u2013 How is your idea better than what they do now? Why should they go through the pain of learning a new tool or creating a new habit?<\/li>\n<\/ul>\n<p>All of this requires communication, content, persuasion, training, coaching and support. This has a cost in terms of time, and the customer carries this burden.<\/p>\n<p>How might you enable your customer to sell your idea to their users, and train and educate them?<\/p>\n<p><strong>Ongoing Costs<\/strong><\/p>\n<p>While your idea is in production, there will be support, maintenance, integration, training, and localization costs both to us and the customer.<\/p>\n<p>Updating an idea to try and drive usage results in more implementation and change management costs for the customer.<\/p>\n<p>While you may have moved on to a new project, your idea will remain \u2013 incurring costs.<\/p>\n<p>How might you help reduce the ongoing costs of your idea?<\/p>\n<p><strong>Lost Opportunity Cost<\/strong><\/p>\n<p>A lost opportunity cost is the time you spent on one idea that you could have spent doing something else. Examples are:<\/p>\n<ul>\n<li>Working on a problem that helps customers achieve more<\/li>\n<li>Salespeople resolving issues with your idea instead of selling<\/li>\n<li>IT having to deal with consequences of your idea instead of delivering value to their organization<\/li>\n<\/ul>\n<p>How might you work with your customer to ensure you\u2019re solving a problem they care about?<\/p>\n<p><strong>Cost of Reputation<\/strong><\/p>\n<p>Any idea that fails will have a negative impact both on your employer and you \u2013 especially if you could have avoided it. It\u2019s further compounded if the customer also feels the pain, for example with an outage or security issue, or resistance from users.<\/p>\n<p><span data-contrast=\"auto\">Your idea\u00a0may not\u00a0look so cheap now!\u00a0Even\u00a0with\u00a0a successful idea, the value\u00a0received by the customer\u00a0must be\u00a0higher not only than their current pain, but also the cost of implementing the change (both technical and behavioral)\u00a0That\u2019s a high bar to meet.\u00a0<\/span><span data-ccp-props=\"{\"201341983\":0,\"335559739\":160,\"335559740\":259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For the customer,\u00a0Value = Gain\u00a0\u2013 (purchase cost + (implementation\u00a0+ change + ongoing))<\/span><span data-ccp-props=\"{\"201341983\":0,\"335559739\":160,\"335559740\":259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Even\u00a0a promising idea\u00a0that\u2019s successfully\u00a0executed\u00a0and well received will\u00a0have a cost, but there\u2019ll be a positive return on investment for the customer.\u00a0It will be worth\u00a0the effort.<\/span><span data-ccp-props=\"{\"201341983\":0,\"335559739\":160,\"335559740\":259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">But if the value of\u00a0an innovative idea, even a successfully implemented one, is less or equal to the\u00a0true cost\u00a0(for both the customer\u00a0and\u00a0the user), then\u00a0your idea is likely to fail.<\/span><span data-ccp-props=\"{\"201341983\":0,\"335559739\":160,\"335559740\":259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In a future article, we\u2019ll look at why our ideas may fail.<\/span><span data-ccp-props=\"{\"201341983\":0,\"335559739\":160,\"335559740\":259}\">\u00a0<\/span><\/p>\n<p><strong class=\"x-hidden-focus\">How do these thoughts affect your approach to new ideas? What are ways you help customers implement new technologies more smoothly (with less cost)?\u00a0 Tweet us your thoughts at @MicrosoftRI or <a class=\"msr-external-link glyph-append glyph-append-open-in-new-tab glyph-append-xsmall\" rel=\"noopener noreferrer\" target=\"_blank\" href=\"http:\/\/www.facebook.com\/MicrosoftRI\">follow us on Facebook<span class=\"sr-only\"> (opens in new tab)<\/span><\/a>\u00a0and join the conversation.<\/strong><\/p>\n<p class=\"\"><em class=\"\">John Westworth is a Design Researcher in the Office Design and Research team. He is passionate about providing leadership to help companies implement change and manage transformation to use new technologies that impact how they work. Check out John\u2019s other blog articles, \u201c<a href=\"https:\/\/newed.any0.dpdns.org\/en-us\/research\/group\/customer-insights-research\/articles\/a-responsible-approach-to-innovation\/\">A responsible approach to innovation,&#8221;<\/a> and &#8220;<a href=\"https:\/\/newed.any0.dpdns.org\/en-us\/research\/group\/customer-insights-research\/articles\/conflict-the-missing-ingredient-and-biggest-test-of-a-growth-mindset\/\">Conflict: The missing ingredient and biggest test of a growth mindset.<\/a>&#8220;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Each idea we implement, whether it succeeds or fails, has hidden costs which we often don\u2019t consider. These hidden costs may be contributing to your idea not being fully used by your customer.<\/p>\n","protected":false},"author":38703,"featured_media":768301,"template":"","meta":{"msr-url-field":"","msr-podcast-episode":"","msrModifiedDate":"","msrModifiedDateEnabled":false,"ep_exclude_from_search":false,"_classifai_error":"","msr-content-parent":616842,"msr_hide_image_in_river":0,"footnotes":""},"research-area":[],"msr-locale":[268875],"msr-post-option":[],"class_list":["post-768295","msr-blog-post","type-msr-blog-post","status-publish","has-post-thumbnail","hentry","msr-locale-en_us"],"msr_assoc_parent":{"id":616842,"type":"group"},"_links":{"self":[{"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/msr-blog-post\/768295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/msr-blog-post"}],"about":[{"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/types\/msr-blog-post"}],"author":[{"embeddable":true,"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/users\/38703"}],"version-history":[{"count":1,"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/msr-blog-post\/768295\/revisions"}],"predecessor-version":[{"id":768304,"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/msr-blog-post\/768295\/revisions\/768304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/media\/768301"}],"wp:attachment":[{"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/media?parent=768295"}],"wp:term":[{"taxonomy":"msr-research-area","embeddable":true,"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/research-area?post=768295"},{"taxonomy":"msr-locale","embeddable":true,"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/msr-locale?post=768295"},{"taxonomy":"msr-post-option","embeddable":true,"href":"https:\/\/newed.any0.dpdns.org\/en-us\/research\/wp-json\/wp\/v2\/msr-post-option?post=768295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}