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September 17, 2018

How to use overkill to beat your competitors and win


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How to use overkill to beat your competitors and win.

“More than what is needed. In gross excess of what is reasonably expected. An excess of something beyond what is required or suitable for a given purpose.” — Definition of overkill

The definition of overkill seems to answer the question of whether there is anything wrong with it. It implies that to solve a problem with a solution that is more than is required is wrong — is inappropriate.

Of course the definition is silent on what is excess and more to the point, who gets to decide on what the “reasonably expected” solution is.

Overkill takes a bad rap

It suggests that:
— going above and beyond what is required is wrong
— creating an enormous solution to a simple problem is wrong
— thinking in volume rather than increments is unproductive
— appropriate solutions do only what is required and no more
— to do anything in excess is essentially a squandering of resources; wasting time and money
— extremes are to be judged with suspicion
— being excessive as an individual is an undesirable trait; if you’re not spot on with what everyone expects, you’re weird and are to be avoided

Excess is awesome

Hogwash! I love the concept of excess. It makes sense. It should be respected. It has immense rewards to people and organizations.

Excess is the notion that organizations need to apply in order to stand apart from their competitors and gain long term competitiveness. And it’s a concept that should be employed by people wanting to enrich their careers and lives.

As consumers though, we face a business environment where excess isn’t employed but deficiency — by minimalist organizations — is.
We call our airline or financial institution and we wait in the call queue for 20-30 minutes for a service rep to take our call.

We relentlessly search the floor of our favourite retail store to find a clerk that can help us.
And we waste much of our precious time wandering around the voice answering system of the businesses we engage with trying to talk to the right person.

Technology isn’t the answer

Self serve technologies are being introduced to try and shift demand away from people intensive activities in an effort to solve this problem as well as to reduce operating costs.

But they won’t solve the entire problem. In fact many technology intensive companies offer sophisticated self serve applications to their customers but there still is a huge wait problem on their traditional people-based queues.

It seems that despite attempts to substitute higher cost people based processes with technology, consumers are slow to adapt and accept self serve. And the situation is exacerbated by the fact that it is virtually impossible to create self serve algorithms that define the variety of questions people have when they engage with an organization.

When rising consumer expectations for more and better treatment meet the organizational minimalist mentality, something has to give.

Smart organizations will accept that unless they get on the overkill train their performance and long term profitability is at risk. Consumers will naturally gravitate to those that provide MORE — not less — of what they want. They don’t care that a company may have a cost problem. They expect leadership to go figure it out!

As an aside, organizations that can’t deliver excess service and still have attractive margins are not giving their customers strong enough reasons to do business with them.

The minimalist attitude must go

These 5 actions will give your journey to move from minimalist to overkill a kick start:

1. Leadership — Recruit overkill leaders. Change starts with new decision makers; don’t expect a right angle turn to happen with the leadership team that sponsored a ‘do less’ culture.

Appoint new leaders in those areas where excess thinking is required; be guided by customer feedback. With this action it won’t take long to send the message that the winds of change are coming.

2. Customers — Gather customer feedback on your self serve applications. Are they being used? Do they meet customer expectations? This information is invaluable for setting priorities for operations areas where change is immediately required — must do’s — as opposed to action that can be taken later when resources permit.

3. Technology — Shift some technology spending to more people centric functions as a way to fund new initiatives. Ideally you want to avoid adding cost to fund excess activity; if you are able to shift expenses from one bucket to another it’s a zero sum game with no impact on operating profits.

4. Best in classBenchmark overkill organizations to see how others apply excess thinking. Don’t merely copy the best organization; look for opportunities to go beyond them and establish some strategic advantage. Use your customer feedback as a guide.

5. Profitability — Be prepared to take a possible short term earnings hit. Going excess may require additional funds to make it happen even if you are successful in shifting budgets from technology to people. Consider this the ante that needs to be paid now for gains tomorrow.

Overkill isn’t a negative. People who claim it is are proclaimed advocates of tradition and the status quo. Why listen to them?

Overkill is a secret ingredient to securing loyal customers and long term competitive advantage.

Funny how a ‘kill’ concept can be a key to survival.

Cheers,
Roy
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  • Posted 9.17.18 at 02:18 am by Roy Osing
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