Roy's Blog

September 8, 2011

Why the opposite direction is often the successful route to take


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Why the opposite direction is often the successful route to take

Distinctive. Unique. Remarkable. DiFFERENT. These words are used to describe successful organizations that know how to thrive and survive over the long term.

The challenge, of course, is to figure out how to get there.

One possibility is to be a contrarian. Do the opposite to what the faceless competitive herd is doing

Break from the trend. Get out of the box.

If the herd is doing it one way, go in the opposite direction. If they are going north, go south.

One amazing example of applying contrarianism is to look at what The Grateful Dead did. Several years ago, rock bands never allowed concert fans to record their music during a live performance due to copyright concerns bands had at the time.
The Grateful Dead did exactly the opposite and enabled their fans to do it, thinking that it made sense to have their music shared with as many people as possible and that record sales would increase as a result. They were right.

Another example is the Heart Attack Grill in Las Vegas that went against the trend of offering healthy food to offer a range of high calorie food including ‘the triple bypass burger’.

And a contrarian view might actually stimulate customer loyalty in the credit collections function in an organization. Organizations generally treat their collections function as a one-way collect the balance due task.

But what if you treated it as a credit management function where employees are empowered to manage credit risk and work with the customer to develop a payment plan that was a win-win for both the company and the customer? The move from collecting amounts owed to finding a mutually beneficial solution would go a long way to build a positive feeling about the company in the customer’s mind.

What if you went against the herd and focused on providing premium value at higher prices than others? The herd generally has a commodity mindset, believing that having the lowest price will garner business. The contrarian, on the other hand, plays the specialty game, looking for opportunities to create a unique brand that commands higher prices (and margins).

So, when you’re developing your business plan, specifically test the opportunities that might be available by taking a contrary position to what others are doing.

“What would happen if we went against the flow?” is the question that should be probed to see if you can BE DiFFERENT, get noticed and standout from the crowd.

Go against the herd. Practice opposition and get noticed

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

  • Posted 9.8.11 at 10:00 am by Roy Osing
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