Archive for Business
Are Your Systems Stupid?
Posted by: | CommentsEvery company has them–they’re the reason why we love Dilbert, laugh at The Office, yell at the auto attendant in “customer service,” who “can’t understand our response,” and can’t wait to tell our friends and co-workers, “You won’t believe what happened to me today.” Or, in the case of people like me, blog about them.
Well, this morning I ran into a couple of different stupid systems. The first one was/is a simple, but silly one. Yesterday, we had a major rain and lighting storm here in the DC area and the only thing affected in our home was the router we use with Verizon FiOS.
I used the router before the storm and all was fine. But after the lightning strike near our home, it didn’t work. After waiting a half hour and then doing everything I knew I’d be asked to do, the customer support person (after another half hour) agreed and said he’d send out a replacement router that should be to me today. Fine.
So, what do you think happened this morning? Exactly! I got an automated voice message telling me that I can track my package by going to www.ups.com. HELLO! If I could go to www.ups.com I wouldn’t need a new router!!! Stupid system (Note: I do have an iPhone so I could track it that way but the system–on their end–doesn’t know that. So the PROGRAMMED message on their end should have first of all told me when the package was sent and when it should be arriving and then should have said, “And if you have an alternative way of tracking packages online, you may do so by going to www.ups.com and entering the following tracking code).
In addition, the auto attendant quickly gave me a long string of 18 numbers and letters to use to track the package–with no option of repeating the numbers. HELLO! Do they really expect that everyone who answers their phone does so next to a pad of paper with a pen that actually works? Or do they really believe that everyone who writes down 18 numbers and letters, gets them correct the first time they hear them? Buzz! Stupid system.
But the funnier one to me was from Citigroup. Citi called because they thought we had a fraudulent charge made on our card with them last evening (good system). When I confirmed the charge, the fraud specialist asked if I had any other questions, which I did.
So I said, “Yes, it’s not a big deal, but I’ve wondered for awhile why Citi raised my interest rate last year. If you look at my account you’ll see I pay off my bill every month so it’s not a big deal, but as a good customer, I thought it was pretty ridiculous to raise my interest rate to 23.9% when I always pay my bills on time.” He said, “Great question. Let me transfer you to customer service.”
When I got on with phone with customer service, it all went downhill. When I asked him my interest rate question he said, “Let me look into that.” When I said, “Well, since I get 7-10 credit card offers a week and everyone–including you at Citi–offers me between 9.99% and 13.24%, it seems that you ought to be able to reduce my rate.” “Yes, Mr. Johnson.” “Okay, so what does that mean?” “We’ll take care of you.” “What does that mean?” “Just trust that we’ll take care of you.” “Okay, but what does that mean….” He said, “Just call us back and we’ll make an adjustment in your rate.” So, why do I have to call back? Can’t we do that now?” Yada yada yada. Stupid system.
I then went on and said, “Okay, I’m looking at an offer from Citi, your company, right now. You just sent me an offer that if I open up a Citi Diamond Preferred Rewards Card (the same one I currently have) you will give me a $50 gift card, 2 Thank You Points for every $1 I spend for the next twelve months, 0% interest on transfers in, 0% APR on new purchases until 2/11 and a 9.9% APR today. In other words, if I stay faithful I get nothing. But if I open up a new card with Citi (the exact same card that I already have with you) I get all this.” Yes.” “So, why should I remain loyal?” Stupid system.
Now, my point is not to beat up on Verizon and Citi, because, as I said at the beginning, we all have stupid systems. Instead, my point is to remind you (and me) that we all have them. And while neither of these is enough to cause me to leave either company (hey, they just happened in the last hour or so), there are plenty of stupid systems that do cause customers to leave–and that’s both a tragedy and a fiscal nightmare.
In light of that, as you look at your own company, where are your stupid systems? What systems do you have in place that customers don’t like? Or what systems do they complain about that you haven’t fixed? Remember, what you think is irrelevant. It’s all about what customers think.
So, what stupid systems do you need to change?
To your accelerated success!
P.S. This is a great exercise to do with your staff–and with your customers.
Why Does Your Team’s Execution Fail?
Posted by: | CommentsI just finished leading a management training session for one of my clients on, “Execution: The Art and Science of Transforming Intention into Reality.” And the one section that probably had the most discussion for us as a group was my first point on realizing why good strategies, tactics and projects often fail in their implementation.
In other words, before someone starts adding something to the mix to improve execution/implementation,
they should first eliminate some of the things that are currently hindering successful implementation. As a typical INTJ, I had a list of 15 hindrances in my notes, but to encourage some more group interaction I decided to ask the leader/managers present to break into groups of three to four people and come up with their own lists of items or issues that hinder execution in their company.
Without betraying confidences, I’m going to combine some of their ideas with some of mine to help get your brain kick started. For example,
- Too many “priorities“ (or conflicting priorities)
- Lack of specificity on the details of who’s responsible for what
- Not enough communication (or unclear communication)
- Lack of trust
- Interruptions
- Poor prioritization of what matters
- Departmental conflicts
- Lack of accountability
- Fear of accountability
- Limited people/resources
- Lack of personal responsibility/commitment
- The complexity of a project (or its size)
- Lack of executive attention
- A tendency to over-analyze (analysis paralysis)
- Lack of ownership
- Lack of excitement about the project, etc.
Now, think about this. If some of these issues are present in your organization, what do you think the probability is that your people are going to execute well? Probably somewhere between zero and nil. It just isn’t going to happen.
Therefore, one of the first places to make changes, if you want to make sure that your team executes better, is to eliminate some of those hindrances. And what I’d recommend is to take this question to your team,
”What hinders us, as a team and company, from executing better and faster?“
Have them brainstorm, while someone writes their ideas on an easel pad (my guess is that ideas will come rather fast and furious–after all, they’ve been thinking about these for years :-). Then, once you have a list, discuss what are the top three hindrances that, if eliminated, would have the greatest impact on increasing our ability to execute.
Then I’d take that list and work, as a team, on creating a plan to eliminate your top three hindrances from your company/organization (i.e. don’t try to fix everything at once. Start with a few items and then expand as you eliminate the current “three”).
Remember, execution doesn’t have to be rocket science. But it does have to be done. So make the list, reduce the list, and then start eliminating the items on the list. Because it’s going to be difficult to create an environment/culture of execution when there are a number of hindrances competing to ensure that execution doesn’t happen.
To your accelerated success!
P.S. You did make that list, didn’t you?
Key Lessons from Steve Jobs at All Things Digital (D8)
Posted by: | CommentsWhenever Steve Jobs speaks, it’s usually worth listening. Love him or hate him, he’s always worth listening to–especially because he masterminded one of the most amazing comebacks of all time. Thirteen years ago when he returned to Apple they were just 90 days away from going bankrupt. And then, just last week, they surpassed Microsoft on market cap making them the second most valuable company in the WORLD–not a bad come back.

Now, if you’ve been reading my blog for any length of time, you know I don’t write about technology, I write about what leads to growth. And my audience isn’t techies, it’s owners and CEO’s (or other execs at the top). So, as I listened to Steve’s responses to the questions of Walt Mossberg and Kara Swisher at the All Things Digital (D8) Conference, my ears were tuned into Jobs’ comments related to strategy and leadership, marketing and R&D. And the following would be, IMHO, the most important things he said on that front.
Note: Thanks to Macrumors and Engadget for tracking the conversation.
1. Never Underestimate the Power of Vision.
- On his return to Apple in the ’90s: “Apple was about 90 days from going bankrupt. It was much worse than I thought back then. I expected all the good people had left, but I found many of them still there, and I asked them, “Why are you still here?” They said it was because they believed in Apple.”
In other words, Steve and crew had done such a great job of establishing the culture and vision of Apple, that even when things were going bad under different leadership, great people stayed on. As I say over and over again, you can’t cast vision too much.
2. It’s Okay to Zig When Everyone Else Is Zagging
- On the Adobe Flash controversy: “Apple doesn’t have the resources others have, and we have to choose which horses to ride. We try to ride those that are on the way up. If you choose wisely, you save yourself an enormous amount of work.”
As proof of this strategy, Steve pointed to Apple’s moves over the years (ahead of almost everyone else) to moving to 3.5-inch floppies, to discontinuing floppy drives, to removing serial and parallel ports, to adopting USB, to the current removal of even an optical drive in the MacBook Air. In “typical Jobsian” fashion, Steve concluded by saying, “Sometimes people call us crazy.”
In other words, just because ”everyone“ has something or does something in a certain way, doesn’t mean you have to do it that way. All trailblazers at some point realize that have to break with what ”everyone“ is doing.
3. Be Clear on What Drives Your Company–And Stick With It
- On the future of Apple and “platform wars” with Microsoft, Google, Facebook, etc.: “I don’t see it. We never saw ourselves in a platform war with MSFT, and maybe that’s why we lost. We think about the competition, but we’re focused on building a better product.”
Steve is clear on what drives Apple–they’re a product-driven company. They’re not a services-driven company or a knowledge-driven company or a market-driven company etc. They are a product-driven company. When they lost sight of that in the late 80’s and 90’s, they got into trouble. Once they got clear on that again (under Jobs), everything began to change.
4. What You Think Has to Be in a Product/Service Doesn’t
- On tablets: “We did something similar to what we did with the iPhone. We started from scratch and threw out the existing paradigm of handwriting recognition.”
In other words, sometimes, you have to start by deconstructing what you believe to be true. In other words, you have to start from scratch, with a blank slate, and question every part or thing you want to put in to it.
5. Be Willing to Change Your Plans in Response to New Information
At one point, Steve acknowledged that the tablet project (what’s now the iPad) actually came before phone, but realized that phone was more important.
In other words, strategic plans need to be flexible. I’m shocked at how many leaders stick by a plan long after the market is telling them something different. I’m a strategy consultant, and I’m forever reminding leaders that the plan we created last year needs to change as we go through this year. Things change, and what seemed right in October last year, may not be what’s best in June of this year.
6. Stick to Your Values Even When It’s Not Politically In Your Favor
Regarding rejected political cartoon content, Jobs said, “We had a rule that said you can’t defame people. By definition, they defame people.”
Similar to Google’s, ”Do no evil,“ creed, great leaders stick to their values even when it’s not convenient. To me, that’s the real test of a value. For example, are you willing to fire your best producing employee because they’ve broken (and usually consistently broken) a core value? If not, then it’s either not a core value or you’re not doing your job as the leader.
7. Price Aggressively and Go For Volume
During his comments on newspapers, Jobs noted that iPad opens up a way to offer much more than print or static webpages. But he also noted that newspapers should charge less for the online content than their print content … “The biggest lesson Apple has learned is price it aggressively and go for volume.”
So, which of Steve’s lessons do you need to take to heart and apply in your business? Playing out of Jobs’ playbook isn’t a bad strategy to start with. It’s clearly worked for him :-)
To your accelerated success!
Will You Keep Your High-Potential Employees This Year?
Posted by: | CommentsWhile our natural tendency is to think, “Of course!” that’s not always true. In fact, Harvard Business Review recently ran an article on “How to Keep Your Top Talent,” that featured a number of rather fascinating statistics about high-potential employees. After studying 20,000 employees dubbed as “emerging stars” over six years in over 100 organizations around the world, Jean Martin and Conrad Schmidt concluded that …
1 in 3 high potentials employees admits to not putting their all into their job- 1 in 4 believes they’ll be working for another employer by the end of the year
- 1 in 5 believes that their personal aspirations are different from what the organization has planned for them
- 4 out of 10 have little confidence in their co-workers and even less in the senior team
In other words, there may be more trouble out there than you see (or are acknowledging). So, what should you do? Well, here are a few thoughts, all of which could be summed up in one phrase,
Don’t treat your thoroughbreds the same way you treat everyone else!
1. Give them challenging assignments. High-potentials get bored easily and tend to disengage accordingly. However, they love a challenge. So keep throwing them stimulating projects where they know they can make a difference.
2. Give them access to you. High-potentials want contact with the person at the top–and not just occasionally. They like knowing they have access to the “king” (or “queen” :-). Relationships build far greater loyalty than anything else. So, invest time in them. Talent development should always be high on your agenda!
3. Give them inside info. Let them know they know things that not everyone else does. And share your future ideas and strategies with them. In other words, make sure they know that they’re not just getting the same information that everyone else in your company is getting.
4. Give them lots of freedom. Thoroughbreds don’t like to be harnessed. So, don’t try to control or contain or limit them. Give them as much autonomy as possible to get the job done. Thoroughbreds flourish when they get to make the calls. Yes, they’ll make messes. But they’ll also get your company where you want to get faster.
5. Give them more. Give them more recognition. Give them more money (or other forms of compensation). And give them more assignments. High-potentials thrive in an environment where they’re given more–so make sure you give them what they want.
Forget “fairness” and “equity.” Jefferson was wrong. We’re not all created equally. We all have equal worth and value as human beings, but we don’t all have the same skill sets and abilities. Nor does everyone on your team have the same impact on your business or organization.
So, who are you high-potentials (along with your current top performers)? And what is your plan for each of them this year? Remember the stats above. You just can’t assume they’ll always be with you–or that they’re giving you all they can. They do have more. And the better you are at releasing that more, the better you and your business will do! And the longer they’ll be with you!
To your accelerated success!
What’s the Difference Between Mission and Vision?
Posted by: | CommentsA few months ago, after talking with a client, I decided to write a blog post on the differences between mission, vision, initiatives and goals–and it’s been one of the most read posts on my blog.
In light of that, I decided to practice what I preach (find out what people want … and give it to them). Therefore, today is the first of a number of video blog posts I’m going to put together for you that will go into more detail about each of these terms.
Today’s edition is focused on answering the most common Google query that’s linked to my site, “What’s the difference between mission and vision?” Most organizations I’ve interacted with have gotten this wrong, so pay attention. The difference is significant. Enjoy!
P.S. The link to the previous post can be found here >>
Is It Time for a Makeover for Your Business (A Lesson from BusinessWeek)
Posted by: | CommentsWhen was the last time you did a website makeover? Or changed the interior design of your workspace/office/store? Or more importantly, changed the way you do business? Or changed the way you market what you offer? Or even changed what you offer?
Most leaders underestimate the power of a makeover–and the speed at which they ought to be undertaken these days. It’s not unusual for someone to be surfing the web these days and think, “Wow! That site looks so … 2009,” and we’re only four months into 2010 (as of the writing of this post).
Next week (starting April 26th) marks the public makeover of a business icon–BusinessWeek (which was bought by Bloomberg back on December 1, 2009). They’ve even created a section on their website describing all the changes.
http://inside.businessweek.com/
Now, I haven’t seen the new remade version, but I do love what they’ve done to prep readers about the makeover. So, here are four lessons worth learning from them about creating a makeover.
1. Teaser campaigns still work. The Bloomberg team has done a great job of promoting the change. If you’re a reader of BusinessWeek, then you know they’ve been talking about “change is coming,” for awhile. And while it’s nothing more than an old school teaser campaign–it’s working. I’ve been reading BusinessWeek for years–and I haven’t been this interested/excited in years.
2. Use video to tell the story of the change. If you go to their website, you’ll see a series of videos from the editor describing the change. Vision casting is usually done best with video (actually it’s best done live, but that’s not an option here). So having Josh Tyrangiel share his vision that, “We take people on journeys … and introduce them to concepts and people that will impact their lives for years, even decades …” was the right decision.
3. Use powerful, short image building phrases to describe the changes. Rather than impress us with their vast vocabulary skills, the design team has done a great job of picking up key phrases we can all understand immediately.
* Reinvented. Redesigned. Reimagined (the tagline for the change)
* More Clarity. More Energy. More Impact (each with four short sub-points defining the changes)
4. Remember that “Look and Feel”/Design matters. While story will always be first and foremost (and should be for a magazine), the Bloomberg team understands that the look and feel of a site or magazine (or whatever you’re producing for the public) does matter. The vast majority of people bring their eyes with them. And whether they want to admit it or not, within seconds, they’ve “judged the book by its cover.” Within seconds they’ve either decided, “culture current” or “old school,” or …
So, as you look at what you and your company are producing and offering, are you in need of a makeover? Is your website or are your other marketing materials in need of a makeover? Is your business model in need of a makeover?
If so, then you may want to take a page from the Bloomberg BusinessWeek playbook in order to make sure that your makeover works for you and your purposes.
To your accelerated success!
P.S. When was the last time your website had a new design. If it’s been more than 12 months, chances are it’s time for a face lift. One of the reasons I’m such a huge fan of WordPress (besides the fact it’s free and that it’s easy to edit) is that WordPress separates out the content and the theme/skin/template. So with one click of a button, you can change the whole “look and feel” of a site without having to change any of the content. In around five seconds you can have a whole new look. Then, you can update the content and layout when you have time.



