Be Different or be dead

August 18, 2014

Why is technology something people in business want to dabble in?

Source: Unsplash

Why is technology something people in business want to dabble in? Technology seems to be the ‘sexy’ part that people love to play with.

Sure, the technology of business has changed.

Virtually every business function is inundated with new ways to enhance the PROCESS of conducting business.

This is a good thing.

But the ‘noise’ of the new tool set at times seems to drown out their real purpose.

Efficiency seems to be the trump card; effectiveness is the deuce.

Businesses chase new AI technologies to serve their customers. They really want to manage (reduce) costs but they claim the personalized service actually improves. Chatbots start to pervade the customer engagement space.

But hey, technology is sexy and people love to dabble with it.

It’s cool.

But what about the basics of business?

What about the end game?

It hasn’t changed at all.

Offer uniqueness to people. Be special. Stand-out in a crowd. Get noticed. Attract attention.

Provide value that people care about. Experiences they cherish.

Strum a note that resonates with people; makes them regress to their child state and be happy. Even if it is out of tune.

‘Sexy’ attracts too much attention these days.

The basics are often forgotten.

Cheers,
Roy
Check out my BE DiFFERENT or be dead Book Series

• Posted 8.18.14 at 02:32 am by Roy Osing
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August 11, 2014

Why success is doing lots of imperfect stuff fast

Source: Unsplash

Why success is doing lots of imperfect stuff fast.

How do you consistently move the yardsticks forward in an organization? What actions are predictors of success?

Here’s my experience. Success has a really simple formula.

Success = (Doing) (lots of) (imperfect) (stuff) (fast)

Let’s break it down.

(Doing):

Acting not pontificating;
Not too much analysis;
Risk taking;
Gut and heart motivated;
Passion fuelled;
Making tries.

(lots of):

Don’t look for the silver bullets;
Be ok with making a ‘nano-inch’ of progress;
Failure is at the heart of successful ideas, so fail a lot;
Innovation doesn’t come in big chunks, it comes in bits and pieces;
Engage everyone in the organization because they all have ideas;
Shoot more than the other guy.

(imperfect):

Accept the fact that there’s no such thing as perfection;
Perfection seeking = no action; nothing is accomplished;
An imperfect idea successfully implemented beats an intellectually pristine notion that never gets off the ground;
Perfection cultivates innovation rigour mortise.

(stuff):

Make weird choices;
Look for DiFFERENT solutions;
Take contrarian positions on issues;
Unique;
Unleash the ’special’ in you and your organization;
Avoid copying at all cost.

(fast):

Know that speed is a competitive advantage;
Accelerate past the failures and try something else;
Avoid dragging, it robs you of your nimbleness;
Beware of your competition because they’re watching you.

Cheers,
Roy
Check out my BE DiFFERENT or be dead Book Series

• Posted 8.11.14 at 03:11 am by Roy Osing
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June 30, 2014

Why ‘buying’ customers is a really bad growth strategy

Source: Pexels

Why ‘buying’ customers is a really bad growth strategy. There’s no such thing as low hanging fruit.

A business plan based on buying a customer base is flawed.

When companies develop their growth plan, they are very tempted to consider an acquisition as a fast-and-easy option.

After all, if you want to grow revenues by $10 million over the next 24 months, why not buy a customer base that would yield that amount?

Buying customers may appear like low hanging fruit to achieve your growth intentions but it isn’t.

On paper, a merger or acquisition might look like it was made in heaven but it rarely is.

The synergies cited and the common denominator between the two organizations often understate or mask the real challenges facing the marriage.

Integrating a new organization into an exiting one is not easy.

Culture, operations, policy, systems and procedures differences make the combination anything but seamless and the acquired customers are often affected.

The difficulties in merging the entities are visible to them; their service is impacted and their loyalty wanes. There is no guarantee they will remain after the dust from the merge settles.

The intended growth plan is not realized.

There is no low hanging fruit when it comes to growing your customer base

Nurture and expand your existing customer base; those current customers who are with you because they know you and care about what you do.

Provide them with more personal solutions; packages of value that will excite them and motivate them to spread your word to others.

Build your business plan around organic growth; shopping for new ones is a risk you may want to avoid.

It is a more certain future for you.

Cheers,
Roy
Check out my BE DiFFERENT or be dead Book Series

• Posted 6.30.14 at 03:24 am by Roy Osing
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June 9, 2014

Why amazing customer experiences needs a responsible executive leader

Source: Unsplash

Why amazing customer experiences needs a responsible executive leader.

Most organizations continue to be product and service focused; they flog, or push products at their customers.

They push what they produce or supply at you. They claim their stuff is the best value at the cheapest price.

Research has proven conclusively that people get more long term gratification when they spend their money on experiences.

A family vacation. A Zip-line ride. Fishing off the beach with the grandchildren. A 4-hour snorkelling adventure. A movie with someone you love.

Sure, a new SUV is exciting at first but it doesn’t take long before it becomes a used car.

With customer gratification and happiness comes loyalty, which means that organizations must focus on experience creation if they want to stand-out from the competition and thrive.

A number of companies are waking up to the importance of experiences to their overall marketing program by appointing a Chief Experience Officer (CXO) to be accountable for the creation of “memorable moments” for their customers.

Marriott is one example. Their “EVP, Chief Resort Experience Officer Marriott Vacation Club International” sets the tone for what’s important to Marriott and what customer success looks like.

The CXO works across the organization to ensure that all functions work synergistically to provide a seamless dazzling experience for the customer. Not an easy task to be sure but one that is critically important to move the focus away from flogging products and services.

Dip your toe in the experience pool.

Declare that experiences are your end game.

Establish accountability at the most senior level in your organization.

Do it now.

Cheers,
Roy
Check out my BE DiFFERENT or be dead Book Series

• Posted 6.9.14 at 03:01 am by Roy Osing
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