Crafting a Distinctive Strategy for a Competitive Advantage
What does it look and feel like to be a commodity in your sector?
Price pressure
High churn rate
Narrow margins
Customer apathy
Volume dependency
Innovation stagnation
Competitive obsession
👆These are signals of no strategy and no differentiation.
But before we chase a solution, let me ask: Does your organization deserve better?
Are you riding the rails of easy-enough revenue or are you fanatical about providing value?
If you answered the latter, let’s dig in…
Your unique, compelling, sustainable advantage.
The answer to breaking out of commodity-land is hidden inside of your organization. It may be:
A unique way of viewing the market
A special way you deliver your product/service
A passion about doing things a certain way
Whatever it is, your differentiated value already exists. But it’s hidden under “best practices,” obsession with the competition, and fear. The trick is to find that nugget of unique value that feels easy and natural to your organization … and then expand and emphasize it.
So how do we find yours?
The roadmap to differentiation.
Start exploring inside…
Interview employees
Revisit or refresh your SWOT analysis
Hold long conversations with the founder and leadership
Then, explore outside…
Survey past customers
Interview new customers (unstructured, get off the rails, dig deep)
Analyze your competition (learn how you’re different, not the same)
Somewhere in all those details is the tiny spark of what makes your organization different in a way that is meaningful and valuable to your customers.
And that’s where the magic lies.
Integrating differentiation.
Now that you've identified what sets you apart, the next crucial step is to weave this differentiation into the very fabric of your organization.
Many organizations jump the gun and start with outward expressions of this differentiated value.
A rebrand. New visual identity. Marketing. Advertising.
But not so fast.
If it took an “inside out” approach to discover your differentiated value, why would you take an “outside in” approach to integrating your business around that value?
So while I appreciate eagerness and action, but there’s a healthier, more holistic way to begin…
Solidify a strategy with your leadership team
Socialize the strategy with key leaders
Test in key areas
Listen for customer feedback
Integrate fully into your product/service
Build into employee onboarding and performance metrics
Integrate into positioning and messaging
Apply to marketing channels
Then continue to expand, emphasize, and integrate
Over and over.
From commodity to necessity.
Breaking free from the commodity trap is neither quick nor easy. It requires introspection, strategic alignment, and ongoing commitment. But the rewards—a sustainable competitive advantage and a meaningful connection with your customers—are well worth the effort.
Are you ready to move from being a commodity to becoming a necessity?