Archive for Remarkability
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.
Need Some Inspiration?
Posted by: | CommentsIf you’re at all like me, chances are you have some favorite quotes that you return to over an over again to pick you up and get your headed in the right direction.
I remember, shortly after my board coup several years ago, the movie “Rocky Balboa” came out and in the middle of the movie, Rocky made the following comment to his son,
“It ain’t about how hard you’re hit. It’s about how hard you can get hit and keep moving forward. How much you can take and keep moving forward–that’s how winning is done!”
I immediately put that quote up on my credenza and still look at it to this day. To me, that’s the power of a great quote. In just a few words, it can say so much.
In light of that, over the July 4th weekend, I decided to create my own favorite quote site. As a consultant and professional speaker, I’m regularly on the look out for great quotes. So, rather than horde them for myself, in the spirit of Tom Peters (when you go to the site, you’ll understand that comment), I’ve decided to make them available to everyone.
So, rather than bore you with more content, let me encourage you to go to the site and read some great inspirational business-oriented quotes. I think you’ll enjoy them! Oh, and the URL is pretty easy to remember
Note: I just created the site Saturday evening so some of the topics only have a few quotes, while others have quite a few. But over time, the approximately 400 quotes will grow. The site is still under 48 hours old. Just bookmark it and return to it whenever you either need some inspiration or you’re putting together a talk or training session and need the perfect quote to make the perfect point.
To your accelerated success!
Alex Bogusky Is Wrong! Leaders Should Learn More From Failure
Posted by: | CommentsIn a video post on the Fast Company site, Alex Bogusky, co-chair of Crispin Porter + Bogusky, 
argues that the classic business mantra of learning from failure is just plain wrong. In his world (and at his company), he doesn’t debrief failure or lost accounts or why a campaign isn’t working (which I find hard to believe). Rather he wants to focus on successes not failure because he thinks that learning from failure creates a culture of fear.
Moreover, he states that when his company loses a bid or contract, he simple throws away any vestige of that client in their offices and moves on as if that client or bid never existed. In his world, they’ve never lost a bid because if they didn’t get the contract then it isn’t a client they would have wanted to work with.
Besides the fact that I find it hard to believe that his company actually works this way (like they’ve never fired someone for underperforming or they only evaluate based on successes), I find it just bad advice. The reality is that most businesses need to do more learning from failure–not less.
As a consultant, I spend my life walking into companies where problems exist (and they exist in every company, including Bogusky’s). And I have yet to find any company that is really great at evaluation and learning from failure. Most business leaders are so busy trying to stay on top of all their work, that they rarely ever take time to stop and learn from their failures/missed opportunities/mistakes etc. Therefore, they tend to keep making the same mistakes over and over again. As the saying goes (slightly altered),
“Those who don’t learn from history are doomed to repeat it.”
Now, if a leader or manager is a blamer (i.e. a bad leader or manager) then that is a problem–but not with the idea of learning from failure. Rather it’s a failure of the leader/manager to carry out their job well. Likewise, if they’re creating a culture of fear vs. trust, then that’s a leadership issue, not an evaluation problem.
Great leader/managers know that learning from the past, both positive and negative, is essential to improving and optimizing the future. They understand that if there’s a problem, it’s not a person who’s the problem, it’s the system. And the only way to fix the system is to debrief and make sure that they and their team have learned from what happened so that the same problem isn’t repeated. No learning = ongoing problem.
So don’t listen to Alex on this one. Increase your learning from failure (and success). Invest more time in evaluating what happened so that you can both eliminate/minimize any problems and optimize/leverage any successes. It’s not an either/or. It’s a both/and. And in most cases, there’s not enough learning going on. So I’d argue that you need to increase your learnings so you can increase your successes!
To your accelerated success!
P.S. If you want to know the five questions you should always ask when evaluating, click 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.
Three Oscar Lessons for Your Annual Staff Celebration
Posted by: | CommentsFar too often, annual staff celebrations are left to the last minute or simply rehashes of the previous year’s shindig, when they should be something far more. Last evening’s Oscar awards show clearly points out three classy lessons for how to make your annual celebration something memorable.
1. Make it an Event – The Oscars Awards show isn’t just another awards show, it is THE event actors and actresses look forward to attending (as well as movie lovers everywhere from the comfort of their homes). Months of preparations go into the event. From set designs to scripts, from outfits to jewelry, from presenters to seating arrangements, and from the red carpet to the parties afterwards, the Oscars are an event.
Now, obviously, most small and medium-sized businesses can’t afford to put on an event like the Oscars, but you can create AN event that your people will look forward to every year. You can make it a formal affair so that everyone dresses their best. You can put together or hire some local talent for a small “production.” You can allocate enough of your budget to make your employees feel special. You can put together a team three to six months ahead of time to work on it so that they/you have time to make something remarkable happen.
Your annual celebration event doesn’t have to be a last minute affair that’s just thrown together. Make it an event–and your people will look forward to it–and they will feel far more valued!
2. Make Your Comments Heartfelt and Well-Prepared – One of the nice traditions from the past several years is towards the end of the evening when they’re getting ready to choose the best actor and actress recipients, they have one person who’s worked with the nominee get up and say something nice about them. Five nominees, five short “speeches.” Some of the people making these comments are clearly not very close to the nominee. Some of them try to say something funny. But the ones that are most memorable, like Michelle Pfeiffer’s comments last evening about Jeff Bridges, are heartfelt and well-prepared.
She didn’t try to be funny or glib or light. She spoke from her heart and spoke of how much she admired Jeff and his work–as well as his commitment to his family (believe it or not, he’s someone in Hollywood who has been married for 33 years). Jeff was moved to tears, And so were we. I’ve forgotten most of the funny comments (other than Tim Robbins’ comments about Morgan Freeman–which would only make sense if you heard them), but I haven’t forgotten her comments to Jeff–nor the level of emotion they evoked. I doubt Jeff will forget them either.
In other words, don’t just wing your comments about your employees. If you’re going to honor them, honor them. Take the time to say something that’ll move them, that let’s you know how much you appreciate them, and that will evoke an emotion in everyone hearing them. There are times for roasts and light humor. But when you want to honor someone and make them feel it, speak from your heart and let them feel it.
3. Get as Many People as Possible Involved – In far too many SMBs, too many leaders think, “If I want this to be something that my people appreciate, I need to just let them attend. I’ll take care of all the details.” But that’s wrong thinking. How many actors and actresses do you think think, “Boy, I hope they don’t ask me to be a presenter this year!” Buzz! They want to participate. Or how many actors or actresses think, “I hope they don’t send me a ballot or ask my opinion.” Etc.
When something is classy, people want to participate (it’s when it’s just thrown together that they don’t). Furthermore, as a leader, you should know, “What people help create, they own.”
Get as many of your people as possible involved in creating and delivering your annual celebration event. Make it special. Make it the highlight of the year. Make it something everyone looks forward to. And not only will your people want to play a part–they’ll also feel more valued and appreciated–and happier to be on your team–which sounds like a win-win to me!
To your accelerated success!
P.S. If you’ve ever been a part of a great annual celebration, write what happened (or what you did) in the comments section below. Share the wealth.
P.P.S. The three key questions are
1. What would make this year’s celebration an event that people will remember (and not just a rehash of last year)?
2. What can I (or others) say that will move our awards’ recipients emotionally?
3. How can we get as many people as possible involved in this event (starting at least three to six months out)?
The Quickest Way to Enhance Any Communication You’re Having
Posted by: | CommentsIf you could find one idea or technique that could quickly and “almost miraculously” transform any communication you’re engaged in–from speaking at a community event to leading a team training or meeting to talking with a loved one to writing a letter or blog post–what would that be worth to you?
Or if you could avoid the pain of missed communication–from frustration and conflict to lost opportunities and sales. Or if you could avoid doing or saying something that might injure a key relationship–what would that be worth to you? I’m guessing a lot. Well, get ready because you’re about to get that one idea/technique–and it won’t cost you a thing.
I learned this idea/technique from a minister and author from England named John Stott. In his classic book on pastoral communication (also known as preaching :-), Stott introduced a concept he calls quadruple thinking–and it’s brilliant! The basic idea is this. It occurs in four parts (hence the phrase, quadruple thinking).
1. You think of what you want to say
2. You think of how the person you’re communicating to will hear what you have to say
3. You rethink what you have to say
4. So they will hear what you want them to hear.
Brilliant! In other words, if you or I want to be more effective communicators (and as a leader of a small or medium-sized business or organization you ought to want to be), then
We don’t have the luxury of ever just saying what we want to say.
Why? Because communication always involves two (or more) people. And that means that the other person must ALWAYS be factored into the equation.
For example: You’re in a rush and under a lot of pressure. You call in one of your employees and say, “Here’s an assignment, just make it happen.” You don’t have a lot of time to spell out what you want done–after all, they’re an adult, they can figure it out. And furthermore, you don’t want to be known as a micro-manager. So you just hand out an assignment. Unfortunately, the person you handed that assignment to is, in Myers-Briggs language, an SJ.
SJs are great workers. They make up roughly 40% of the population. They follow assignments. They get things done. BUT ONE THING that SJs don’t do well is create from scratch. SJs like to do things right. However, if they don’t know what right is, they get stumped–which is why SJs LOVE DIRECTIONS. They like their leaders to spell out details.
So while you may think you communicated clearly to your employee, the reality is you didn’t. If, on the other hand, you were employing quadruple thinking, you might have thought. “Let’s see, Barb is an SJ. As an SJ, Barb is going to want lots of direction on this assignment. So, I better clear out 15 minutes to talk with her about this assignment today.”
On the other hand, if Bob is an NT (in Myers Briggs language–and NTs don’t like lots of direction) then your quadruple thinking conversation might go like this. “Let’s see, Bob is an NT. NTs hate to be straight-jacketed with lots of direction and control so I better just walk by Bob’s desk and give him this assignment and a due date.”
Remember, the goal of communication isn’t simply to process sounds out of our minds into words on paper, screen or air. The goal of communication is to connect with another human being for a specific result or reason. Therefore, they must always be factored into the conversation.
Now, in one sense, this seems so blatantly obvious, that it shouldn’t have to be stated. But it’s not. Common sense is not common practice. Every day in every workplace (or home), miscommunication takes place. And while neither you nor I can’t completely eliminate it, we can greatly reduce it by practicing this one simple technique: Quadruple Thinking!
1. You think of what you want to say
2. You think of how the person you’re communicating to will hear what you have to say
3. You rethink what you have to say
4. So they will hear what you want them to hear.
Go ahead, give it a try! If you really get it, this should change every conversation and communication you ever have from this day forward–that is, if you want to be an effective leader and communicator.
To your accelerated success!
P.S. Let me know what you think of this idea in the comments section below!
Five Lessons from Steve Jobs, CEO of the Decade
Posted by: | CommentsIf you haven’t seen the article yet, Fortune Magazine has declared Steve Jobs, CEO of the Decade. In their own words,
How’s this for a gripping corporate story line: Youthful founder gets booted from his company in the 1980s, returns in the 1990s, and in the following decade survives two brushes with death, one securities-law scandal, an also-ran product lineup, and his own often unpleasant demeanor to become the dominant personality in four distinct industries, a billionaire many times over, and CEO of the most valuable company in Silicon Valley.
Not a bad story, is it? 
Furthermore, at the start of the decade, Apple had a market cap of “just” $5B. It now hovers around $170B (slightly larger than Google). What that means is that despite the market crashes of the dot.com boom and last year, if you had invested $1,000 in Apple in 2000, your investment would now be worth over $7500 (I think most of us would gladly accept that). And finally, Jobs has been instrumental in changing four completely different industries–computers, music, media and mobile phones—three of those in the past decade.
Any way you add it up, the past 33 years have been a pretty incredible run for Steve Jobs—and we’ve all benefitted—even if you’re a PC. But the question for you and me is, “What can we learn from him that can make a difference in our businesses?” Here are my top five lessons.
1. Improve on the next new thing. What’s fascinating about Jobs and Apple is that Apple has become the symbol for innovation. However, Apple rarely creates anything entirely new. In fact, one of Steve Jobs’ comments on this subject years ago was, “We look for the next new thing and then make it better.” In other words, Apple didn’t invent the mp3 player, they just made it better. They didn’t invent the cell phone, they just made it better. They look for trends they think are going to be big—and then figure out how to make that “new thing” infinitely better.
So, in your realm, what are the next new things or new trends you’re observing in your market space? How can you create a better product and/or service that can improve on the current offerings in that market space?
2. Change before you have to. As a long standing card carrying Mac Addict, one of my favorite sites is MacRumors. And one of my favorite parts of the site is the buyer’s guide which tracks the time between new iterations of a product (and let’s you know where they are in cycle). Even when Apple is making good money, they keep introducing new models or discontinuing old models so that none of their competitors can catch up (i.e. they change before they have to).
I’ll never forget the day Steve Jobs was talking about the iPod mini and how it was the most successful launch they had ever had up to that point in time. And then he said, “And that’s why today we’re killing the iPod mini … (dramatic pause) … and introducing the iPod nano!” Who else would have killed a cash cow right in the middle of a growth cycle? Only Steve and crew!
So, what products and/or services have you been riding for too long? Do you need to revamp or upgrade any of them? Do you need to discontinue any of them? And/or what new thing do you have in the pipeline?
3. Eliminate what ticks people off. The supposed story of the iPhone is that a bunch of Apple execs were at a meeting when they were all complaining, tangentially, about their cell phones. In the midst of that discussion someone said, “We’re all a bunch of bright people. We should be able to do this better.” Or if you had ever tried to download an app several years ago and load it on a Palm device, you know it was a major pain (it ticked people off). What Apple did with the App store was/is nothing short of remarkable. Or if you had ever tried to download music and put it on your mp3 player pre-iPod, you know it was a major pain. The iPod and iTunes store combo simply eliminated that piece of the puzzle that just ticked people off.
So, what are the issues that tick off the people in your market space? Find the key ones and design a simple solution to solve that problem.
4. Repurpose what you can. If you haven’t been in the Apple fold, you could easily miss this, but Apple is great about repurposing ideas and technology. For example, back in the 90’s, if you wanted to see a movie trailer on the internet, the best place was to go to the Apple site, which highlighted movie trailers and their product Quicktime. But that experience and built in infrastructure for movies made streaming music for the iTunes store infinitely easier. And the experience of the iTunes store made creating the App store for the iPhone infinitely easier. Or the Safari browser for the Mac, made it infinitely easier to create a great web experience on the iPhone (which was night and day ahead of Palm and Blackberry when it debuted). Or the experience with NeXT, led to Mac OS X. On and on you could go. The, “Apple Way,” is not just to create something new, but to repurpose what they already know into a different arena.
So what do you know or have or do that could be repurposed to create a new product or service for your market?
5. Think big and small at the same time. Some leaders are just big picture people. Others are just small picture people. However, what makes Steve so powerful is that he’s both. Steve gets it that executives need to make big picture, bold strategic moves (like canceling several product lines in ‘97 and focusing on just four products). However, he’s also famous for being nit picky and focused on the very intricate details of the business–especially when it comes to design issues and market messaging. As he said to Ken Segall (who used to be at Chiat/Day, the ad agency) on day, “The third word in the fourth paragraph isn’t right. You might like to think about that one.”
Looking back on your history, are you more of a big picture person? Or a small picture kind of person? Whichever one you are, how could you add the other to your wheelhouse and become more versatile ?
So, there you have it, “Five Lessons from Steve Jobs, CEO of the Decade.” The only question remaining is, “What are you going to do in the next few moments in response to it?”
To your accelerated success!
Originality and Commonality: A Powerful One-Two Punch!
Posted by: | CommentsHave you ever noticed that most people like to live life in an either/or world? Either we buy a sports car or a minivan. Either we go to the beach or the mountains for vacation this year. Either we locate in a busy location or an isolated one. Either we focus on one product or a slew of products. Either we focus on one niche or on everyone.
The problem, of course, with an either/or world is that it rarely reflects reality because life is rarely that clean. Rather it’s full of contradictions and surprises. One of which is that originality and commonality go hand in hand together.
In an either/or world that doesn’t make sense. Either you’re original or your common. But, in the real world, being completely original isn’t an easy road to success. Just ask the creator of the first fax machine (Bain, 1843) or first cell phone or first anything. It’s not that easy to create an entirely new market.
When people read books like, “Blue Ocean Strategy,” they tend to think that the key to success is to come up with an entirely new idea (a new blue ocean). But if you take a look at the examples in the book you’ll notice they weren’t entirely new at all.
Cirque du Soleil wasn’t the first circus. Southwest wasn’t the first airplane company. Curves wasn’t the first health fitness facility. Etc.
All three of those examples are part of huge industries. The entertainment industry is huge. It’s common. But Cirque du Soleil’s genius was to do something original in a big market (i.e. a circus for adults with one ring vs. three and no live animals).
Southwest’s genius was to do point-to-point (i.e. non-hub), fun, no frills flights to tier two cities. Curves’ genius was to do a women’s only club with minimal equipment in a circle (a low-cost, quick, gender specific workout).
In other words, rather than look where there wasn’t a lot of competition, they looked for a very competitive market (the common part) and then looked for an uncommon way/original way to meet the needs of that market.
So, if you’re in a town full of pizza joints, that doesn’t mean you can’t start another pizza joint. Maybe you should start a gourmet one (if there isn’t one yet). Or maybe the people in you town just love fast food. If that’s the case, you might want to start a different kind of fast food restaurant (maybe BBQ wings). Or maybe your market simply loves Italian food. In that case, you could start a northern or southern Italian or even a sicilian restaurant. Etc.
Ultimately, it comes down to buyers. And what do they want? In general, they usually want something similar to what they already like/have–just a little different. This is not to downplay new and disruptive technologies. Just an observation about what fast growth companies do.
As a twenty-five year fan of Apple, I’ve drunk the kool-aid. But most of Apple’s successes haven’t come from being the first at something. 
The iPod wasn’t the first mp3 player. And the iPhone certainly wasn’t the first cell phone. But Apple, usually referred to as, “the most innovative company on the planet,” usually has winners when it looks at what people already want and then makes something original in that field.
So, if you want to build a wildly successful company, you might want to look where there’s a lot of competition (the common part) and then come up with a unique solution to that market’s wants and needs (the original part). It’s not an either/or, but rather a both/and that usually wins in the real world. So do your best to eliminate either/or thinking in your company. Both/and thinking is a much better route to go! Originality and commonality are a powerful one-two punch when used correctly.
To your accelerated success!
It’s Not About Your Product!
Posted by: | CommentsI received an email from my mother last evening about a social experiment that the Washington Post conducted two years ago with Joshua Bell, the world famous violinist. That said, I think the real value of the experiment drives home an incredibly important message for business owners and senior executives.
The basic story line goes like this (note: hang in there, this has a great ending).
To test their ideas, the Washington Post had Joshua Bell, dress like a street musician and play six Bach violin concertos for 45 minutes on a cold January morning at a DC Metro stop. During that time frame, approximately 2,000 people passed by him on their way to work–only a few of whom stopped to listen.
All totaled, by the time he was finished 45 minutes later, only six people had stopped long enough to listen for any length of time and only 20 people had given him any money. The total take for 45 minutes of Joshua Bell’s playing time that morning at the DC Metro stop, $32. The applause, none.
Now, what makes that so remarkable, is that Bell often plays to sold-out audiences in the best performance halls around the world, he’s undoubtedly one of the best violinists on planet earth, he plays on a $3.5 million violin, he normally charges around $100 per person to hear him perform (e.g. 1500 people x $100 = $150,000), and he normally plays to standing ovations (I know, I’ve seen him play).
So, let’s recap what happened. The same Joshua Bell, playing on the same $3.5M violin, playing six of the most beautiful violin concertos of all time–and with the same brilliance as he normally does in a performance hall (where the receipts might be anywhere from $100K-$150K) only walked away with $32 and a few people willing to stop for a few minutes to listen.
So, what made the difference? It wasn’t the product (Bell playing Bach on his $3.5M violin), was it? No! It was the context, the perception of value, and the packaging of the product that made the difference–NOT the product itself.
But isn’t that exactly the mistake that most businesses make. They keep thinking it’s about their product or service. So they keep talking about their product or service as though that were everything–but it’s not. Whenever anyone gets sucked into focusing on how great their product or service is, they’re almost always sucked into a commodity mindset (and they end up with $32 playing on a DC Metro stop).
However, there is another alternative. The other alternative is to boost the perceived value. Looking at Bell’s normal marketing plan, changing the venue (i.e. the packaging) to a first-class performance hall, like the Kennedy Center, changes his perceived value immensely. Raising his ticket prices, changes his perceived value.
Doing PR on TV and radio, increases his perceived value. Winning competitions increases his perceived value. Being the featured violinist in Hollywood films increases his perceived value. Playing alongside some of the greatest violinists and conductors, increases his perceived value. Letting people know he plays on a $3.5M violin increases his perceived value. Sharing testimonials of listeners, conductors, and famous people increases his perceived value. Etc.
In other words, it’s not the product itself that creates the value. Whether Bell is playing at a DC Metro Stop or at the Kennedy Center, it’s still the same product. However, the difference in perceived value is the difference between $32 and $150,000.
So, as you look at your products and services, what can you start doing NOW to increase the perceived value of what you offer? Remember, you don’t want to focus on your product or service alone. You want to focus on increasing the perceived value of what you offer–and when you do that, you’ll immediately begin making more and more money for the same product or service–just like Joshua Bell!
To your accelerated success!
Shame on You Home Depot!
Posted by: Bruce Johnson | Comments (6)Now, before I explain the title of this post, let me give you some background. Unlike a lot of people, I’m not a home fix-it kind of guy. My father, who was a college professor, earned his way through college as a carpenter and is incredibly skilled in carpentry and home repair.
My brother is a programmer who’s picked up our father’s skill set at starting (and occasionally completing :-) home projects. And even my wife, who’s a nurse, has become a home fix-it kind of person. In fact, my father finally gave up a few years ago trying to give me tools for Christmas–and now gives them to my wife. So, my confession, up front, is that I’m not a Home Depot kind of guy.
That said, last Thursday, my father sent me a list of things he needed from Home Depot to complete the installation of a new sliding glass door at my home. Not necessarily excited by the task, I got in my car and drove over to the local Home Depot, with my list in tow, and entered “The Unfamiliar Zone.”
I call it that because it’s all out of my comfort zone. And in my previous journeys to Home Depot, I’ve rarely met anyone who’s been exceptionally helpful. Despite advertising to the contrary, most of the time I ask a question of someone at Home Depot, they point down the concrete pathway and says, “I think that’s on aisle … about halfway down on your right.” Thanks!
However, last Thursday, that all changed. As I walked into Home Depot (at the lumber entrance), a Home Depot employee was walking towards me and, probably noticing my pained look, asked, “Can I help you?” To which I quickly replied, “Absolutely!”
He asked, “What do you need help with?” I pulled out the list my father had sent me by email and said, “My father sent me a list of items he needs to complete the installation of our new sliding glass door.”
He (his name is Shadi–picture below) said, “Can I see the list?” “Absolutely!” As soon as he saw what I needed (chair rail, floor base and trim) he took hold of my cart (one of the lumber ones) and started walking me toward the correct area of the store. As we were walking Shadi asked, “Do you know the sizes of each of these? And what kind of trim or chair rail you need?” Etc.
Fortunately, I had taken measurements and photos with my iPhone so I could show someone what I needed (since I knew I didn’t have the right vocabulary). He said, “Perfect. I know exactly what you need.”
And then Shadi did something wonderful, he literally walked me to each of the three places where I needed to get what was on the list, pulled out what I needed out, cut the wood into the exact lengths I needed, and even helped me save some money. It was truly wonderful. In fact, I even said, “This is like having a personal shopper!”
So, why did I title this post, “Shame on You Home Depot!”?
Because when we were done and I had shared with Shadi how much I really appreciated everything he had done for me (and he did it rather quickly, by the way), I asked, “So, Shadi, do you have a comment card I can fill out on you about how terrific your service was?” He could only reply, “No!”
I continued, “Well, is there a manager I can talk with?” He politely said, “Don’t worry, it’s nothing. It was my pleasure.” As I walked to the front of the store, I kept looking for a manager to share my story with–and couldn’t find one. I asked the cashier, “Do you have any comment cards I can fill out?” She said, “No!” I said, ‘Really?“ And she said, “The only thing we have is a computer way down at the other end that you can log onto and fill something out.” End of story. Fortunately, Shadi had walked to the front of the store by then so I could grab a photo of him with my iPhone (which you can see below).
But shame on Home Depot for not making it easy for someone like me to brag on one of their employees! They should be collecting these stories and sharing them in every location all the time. Great customer service doesn’t just happen. You have to cast vision about it. And nothing speaks louder than a compliment from a customer about a great service experience.
So, how about you? Do you have a system in place that makes it easy to capture customer testimonies? Do you use multiple capture methods? Do you have some Shadi’s that you need to lift up? Do you regularly cast vision about great customer service? Etc.
At the end of the day, you and I don’t know Home Depot by their executive team. We know Home Depot (and every other business) based on the Shadi’s of the world–the people we actually interact with. And the same goes for you and your company. So who are the “Shadi’s” of your company? And how are you going to make heroes out of them today?
To your accelerated success!