Solutions not Products
Friday, May 29th, 2009 by Linda MooreA couple of weeks ago Kevin Robert, CEO of Wolters Kluwer Tax and Accounting, was out from the US as part of the business planning process and spoke to all of the Sydney-based staff at the IntelliConnect launch. It was a rare treat to hear about Wolters Kluwer strategy in person and from the highest levels.
Jessica has already blogged about Kevin’s presentation and specifically about the concept of “dynamic connectivity”. My take on this is that it is a new paradigm based on solutions rather than products. Each new offering should be a “methodology for success” that comprehensively facilitates their work, rather than a collection of features that may or may not be the answer to their underlying needs.
I found the whole thing quite interesting because it tied into something I read the other day. The BRW article “Mind Games” (based on an HBR article “Reinventing your business model”) observes that the success of the Ipod was not the design of the ipod itself. Instead it was the provision of a total package of solutions via the Ipod, ITunes and the ITunes store that revolutionised the mp3 player market. For Apple it was a “ground-breaking business model that combined hardware, software and service”.
For CCH the solution package could be defined as the seamless integration of content, functionality, access and service. Don’t quote me on that, it’s my imperfect interpretation of what Kevin was saying. What elements do you think CCH needs to cover to really answer your needs?

