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PRODUCT DEVELOPMENT INSIGHTS CONFERENCE 9 | 12 Matthew Smith, Shutterstock Innovation & New Products at a Large Company #productnyc

Matthew smith of shutterstock presents innovation and new products at a large company

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Page 1: Matthew smith of shutterstock presents innovation and new products at a large company

PRODUCT DEVELOPMENT INSIGHTS CONFERENCE 9 | 12

Matthew Smith, Shutterstock

Innovation & New Products at a Large Company

#productnyc

Page 2: Matthew smith of shutterstock presents innovation and new products at a large company

INNOVATION & NEW PRODUCTS

AT A LARGER COMPANY

MATT SMITH@mjordonsmith

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AKA

“BEYOND CORE”

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BUT...

THEN SOMETHING HAPPENS

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When you get here, most companies loose the ability to innovate

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SO WHAT DO YOU DO?

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10 teams, focused on different areas of the business

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TodayExecution

CORE BUSINESS

SearchEvaluatePurchase

Eyeballs & Engagement

Content &Search Tools

Purchase

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But, we made a key decision to think beyond today,

& think about new products

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CORE

New Products

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We had to be very strategic, & step back from where we were

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We thought about user behavior & environmental behavior in general

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Let’s Understand General Behaviors First

Context

Actions

Location

Goals

Quick Access

Check My Stuff

Everywhere

Informative

Leisure

Search & Explore

Home Access

Discovery

Task Oriented

Advanced Search

Work Access

Execution

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Then we thought about this translates to us

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Goals Informative Discovery Execution

Updates&

Inspiration

Context Quick Access Leisure Task Oriented

Inspiration&

Search

Search&

Download

Primary &Secondary

Actions

How Does This Translate To Us Today

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But more importantly, we spoke to people - over 200 users since January

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We learned - A LOT

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We learned that users workflows start before they come to us, and continue

on after they come to us

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We applied our learnings

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The FutureExecution

CORE BUSINESS

SearchEvaluate

Download

PRE CORE POST CORE

Inspiration Collaboration

Curated ContentKey InfluencersDiscovery Paths

Give FeedbackSharing w/ Friends

Eyeballs & Engagement

Content &Search Tools

Purchase

Communication

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THEN WE MOVED FORWARD

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We compete from within

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If you were to quit today, knowing everything you know, and

without any of the baggage, what would you do?

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We took our learnings from those 200+ interviews with customers & prototyped & brought them back to people for feedback

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Some things worked great

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Some things were very rough

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We went HTML5 & it was a rough development effort. Users liked it, but it took too long & lacked all that we wanted

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We continue to have lots in the pipeline & continue to lead with user research

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KEY TAKEAWAYS

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You have to make a commitment as a company to look at things from a new

perspective

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You have to be willing to start with ideas & user discovery over

spreadsheets & potential revenue

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You have to over communicate the importance of an idea & how it benefits the

business effectively

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Ultimately, you have to have a strong business vision that lends itself to the notion of

“beyond core”