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2004-06-29 14:53:17

Law #21: The Law of Acceleration

(This entry is part of a series I am writing on The 22 Immutable Laws of Marketing.)

The Law of Acceleration says that "successful programs are not built on fads, they're built on trends".

Drawing their examples from mainstream consumer products, the authors observe the tendency for companies to overestimate short-term fads.  When something new becomes big and hot, companies jump on the bandwagon, spending a lot of money doing so.  They restructure.  They invest in new equipment.  They work hard to make themselves prepared to deliver products for the fad.

And then the fad stops, and the company is left with problems:

Fads accelerate very quickly, but often don't last long.  Trends have a much slower acceleration, but eventually run fast and steady.  Chasing fads is expensive, so it becomes very important to learn how to distinguish them from actual long-term trends. 

This discernment is particularly important for small ISVs.  We are constantly being presented with new technologies, new protocols, new formats, new platforms, new components, and new APIs.  Which ones will be strong in five years?  We want to know if we will eventually regret building our apps on a given piece of technology.

I'm not sure this issue has ever produced questions more difficult than the ones we are facing today, such as:

These may not seem like marketing decisions, but they are.  Technology choices have big marketing implications.  When you choose a platform, you define the maximum size of your market.

I can't answer the questions above, but I will repeat one thing I've said before:  The technologies from the previous wave still work.  If you want to be an INETA speaker, yes, you need to be current with the very latest stuff.  But if you are building products or solutions to be used today, there isn't any shame in choosing a platform and toolset which has completely proven itself as more than a fad.