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What’s the Difference?

by Jon Hermie

Simple question. Not so easy to answer. Especially when you’re marketing advanced medical technologies whose features and benefits need to be put into MD language, not R&D language.

Differentiation is the act of identifying and designing a set of meaningful differences to distinguish your offering from the competitions. Defining differentiation is one of the first steps in developing a powerful brand. It drives, or is interrelated to, a number of important steps including positioning, primary messaging, value proposition, and more.

While a company can create many differences, each difference created has a cost as well as a benefit. A difference is worth establishing when the benefit exceeds the cost. More generally, a difference is worth establishing when it satisfies the following criteria:

  • Important: The difference delivers a highly valued benefit to a sufficient number of buyers.
  • Superior: The difference is superior to the ways of obtaining the same benefit.
  • Distinctive: The difference either isn’t offered by others or is offered in a more distinctive way.
  • Preemptive: The difference cannot be easily copied by competitors.
  • Communicable: The difference is communicable and visible to the buyers.

How does your differentiation stack up against these criteria? A simple question. Maybe not so easy to answer.

Jon Hermie is the President at DevicePharm, a marketing strategy and integrated marketing communications firm based in Irvine, CA. You can email Jon at jonh@DevicePharm.com.

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