Sunday, December 30, 2007
Friday, December 21, 2007
What Are YOUR CEO's Favorite Phrases?
I recently watched a YouTube video of Steve Jobs' favorite phrases. Here it is:
The stories about working for Steve Jobs are legendary, but you can't deny his passion for innovation and his desire to hit product home runs.
One gets the feeling that unless you're prepared to WOW, (sorry Microsoft) don't bother talking to him. Here's a link to Wired Magazine's Best Steve Job's quotes, ever.
What are YOUR CEO's favorite phrases? Do they set a tone? an expectation? Do they speak to YOU, your customers, your company's products and services?
Or do they only speak to analysts and shareholders?
Tuesday, December 18, 2007
Fleeting Business Models
I was interested to read a recent post at O'Reilly Radar about a new auto insurance concept called Milemeter.
Milemeter is an insurance company that allows you to purchase car insurance by the mile (actually increments of one thousand miles), with the premiums dependent upon requested coverages and geography (where you typically drive your car). Milemeter's premiums do NOT include gender as part of their underwriting criteria.
It's an interesting concept and a potential game changer. As an alum of Allstate Insurance (I worked there for a decade), I'm sure the concept is causing more than a few ripples within the industry.
I don't know whether their model will include all vehicle types (motorcycles for instance), but this model could tread upon some very profitable segments of the industry.
Progressive Insurance has made a very profitable existence in the motorcycle segment - a somewhat counter-intuitive strategy, considering how dangerous motorcycle accidents are to their drivers. But they found out that many of their customers were middle aged white guys, whose motorcycles spent more time idle, in their garages, than being ridden. Identifying and selling to this customer segment was genius.
But if Milemeter covers motorcycles, all that could change.
If you're in the auto insurance business, your world could potentially be flipped upside down.
Your homework assignment: Identify a game changing technology or approach in your current industry and figure out how to get there before someone else does. Unless you aggressively try to obsolete your current business model, someone else may do it for you.
Want to position your business for longevity?
Work everyday with the understanding that your current business model is temporary.
Monday, December 17, 2007
The Economics of "Free"
Thanks to Guy Kawasaki's blog, here's a thought provoking video of Chris Anderson (Editor in Chief, Wired magazine and author of "The Long Tail") speaking at Nokia World 2007 about the "economics of free".
Well worth the 45 minutes or so.
Thursday, December 13, 2007
A Great Web Resource
I've just discovered slideshare.net, a site which allows uploads of PowerPoint presentations on virtually any topic.
Whether you need inspiration on a topic, some examples of terrific (or poor) presentation styles, this is the place to visit.
I'm considering writing a Squidoo lens on Change Management, drawing from my experiences with two global ERP implementations. Had slideshare.net been in existence ten years ago, I might have avoided a few scrapes along the way.
Here's an example of a slideshow on Change - one of the biggest challenges facing every business today.
I urge you to check out the site for yourself for education or inspiration.
Wednesday, December 12, 2007
Tips for Project Managers
Here's an interesting presentation that all Project Managers should watch....
Do you have any tips to add?
Tuesday, December 11, 2007
Blogs 101 by Common Craft
Once again, the folks at Common Craft created an excellent video explaining "Blogs" in plain English. Their non-technical, easy to absorb style breaks down the typical communication barriers between "geeks" and "users".
In the end, we all benefit.
Check it out.
Friday, December 7, 2007
My New Favorite Phrase
Brandon Schauer, an experience design director at Adaptive Path, writes about "The Long Wow".
Forget about traditional customer loyalty programs and concentrate on developing a series of Wow moments, driven by deep customer insight and empathetic product or service design.
"The Long Wow" is my favorite new phrase.
Leading from Behind
McKinsey Quarterly just published a terrific interview with Diane L. Schueneman, head of Merrill Lynch's Global Infrastructure Services. (Requires a free, quick registration at McKinsey to read.)
In my opinion she describes helpful strategies for delivering exceptional results in delivery of new and ongoing IT services in support of Merrill's customer service objectives. Pay close attention to the employee empowerment and development she advocates.
I suspect she's mastered the knack of Leading from Behind.
A great read.
Thursday, December 6, 2007
The Survey You'll Never See
It amazes me that companies don't understand that their HR departments are part of the company service experience. I don't know of any HR departments that survey "customers" (candidates) about their interview and hiring (or not) experience.
Imagine, a company who focused on hiring "excellence". What would they be like?
Well, I think it would focus on treating all candidates with dignity and respect. And that would translate into specific measurable tasks.
Imagine the positive impression that a post interview survey might make. Imagine getting an email with a link to an electronic survey that might ask questions similar to the following:
Thank you for your interest in ABC Company. We strive to continually improve our recruiting and hiring processes and to provide a dignified and respectful candidate experience. Your honest responses to the following survey will help us continually improve our hiring practices and to continue to promote and practice our guiding values.
- Did your interview start on time?
- Did we explain our recruiting process?
- Did we commit to keeping you informed of the progress for the position hire?
- Did the recruiter's description/understanding of the position you applied for, match with the job advertisement you applied to?
- Did your interview offer you adequate opportunity to disclose your qualifications and interest in the position?
- Did your interviewer seem interested and engaged in your personal qualifications?
- Did your interviewer offer you the opportunity to ask further questions after the interview?
- If you took advantage of the opportunity to ask further questions after your interview, were your questions answered to your satisfaction? Were they answered promptly?
- If we found a more suitable candidate, for the position you applied for, were you informed in a timely and respectful way?
- If we determined that another candidate was a better fit for the position you applied for, was your experience one that would still make you willing to apply for a future position with our company?
What a tremendous opportunity to demonstrate your commitment to corporate values and to provide your company with a competitive advantage in the hiring process.
It's one that most companies don't take advantage of.
Hiring is a Two Way Street.
5. Checking the industry competition (websites, financials) helps to provide some industry context to your target company. Is your prospective employer the lead dog or a bit player?
Tuesday, December 4, 2007
Gary Hamel Speaks. You Should Listen.
Is your company less than the sum of it's parts? Gary Hamel says that it could very well be the way its being managed, in his new book "The Future of Management".
Here's a short video promoting the premise of the book, from the author himself.
Perhaps you should consider adding this to your Christmas list. Understanding how to get more out of your people and processes would be the ideal Christmas gift for any business person.
Monday, December 3, 2007
Seven Words that Change the Game
This past weekend, I saw a documentary on Warren Buffett, one of the world's richest men. Warren's "secret" to investing is simple...and extremely difficult. Simply locate undervalued companies, whose businesses you understand and buy them.
The documentary focused on Berkshire Hathaway's most recent acquisition, a company based in Israel, that makes cutting tools, used in a wide variety of manufacturing companies.
This is significant because it's the first time he has purchased a non-American company.
But this isn't what caught my attention.
Rather, it was an offhanded comment he made discussing where to search for the next great value. The reporter didn't catch it and never followed up with a question.
The comment was: "Your competitors know everything that you do."
As soon as those words were spoken, a lightbulb went on in my head. I have spent years in various businesses talking strategy, identifying core competencies, trying to identify and leverage competitive advantage.
These exercises were both energizing and comforting. We, after all, had a competitive advantage - core competencies that we could rely on to drive us "to the next level". We could take solice in the fact that we possessed the magic, secret sauce (whatever that was) that allowed us to continue to make money and keep the shareholders happy.
I wonder how the tenor of the sessions might have changed, had Warren Buffett been in the room and had made the statement.
Would we have had a heightened sense of urgency? Would we have become more action oriented? Would we have stressed results accountability more? Would we have generated "bigger ideas"?
"Your competitors know everything that you do". Seven words that change the game.
Try opening your next strategy session with Warren Buffett's statement and see if it changes the entire nature of the debate.
Saturday, December 1, 2007
Making the Heath Brothers Proud
This video, from O'Reilly Radar demonstrates the impact of how a typical home's energy consumption impacts greenhouse gas emissions. It is a great example of "sticky" communications.
The Heath Brothers (Dan and Chip) would be proud.
Dan and Chip Heath wrote the bestseller Made to Stick, which is a guide to understanding the essential elements of how to effectively communicate an idea. The video demonstrates all six principles of "sticky" communications.
(Sorry, if you want to know what the principles are, you should really buy the book!)