May 14th, 2010
On May 8th, Saturday Night Live had Betty White as the host. This was announced about two months ago to much anticipation. The ratings were great, doubling the NBA playoffs that were on earlier in the evening. When I heard this I had to ask, “Why do we like Betty White?”
Well let’s ponder that. She likes animals and has donated her time, talents and money to animal causes. Betty is funny. Betty is smart. She is up-to-date. She is also willing to take risks. The SNL host slot was a risk. She had the possibility of bombing or giving at best a so-so performance. Obviously she didn’t do that, but there was that chance. When she hit the home run we loved it and we knew that Betty was on her game. Another thing… the SNL writers had plenty of material. This means that Betty contributed to the content.
We like Betty White for several reasons. Putting the “Betty White” in the brand means trust, staying power and feeling good.
Tags: betty white, branding, risks, success
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constant flux |
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February 17th, 2010
Harvard Business School’s Ranjay Gulati has studied customer relations in business and has found that putting customers first hasn’t always been a priority. A big surprise though true. This customer aspect is known as the “outside-in” approach. Customers are put first in all decisions made. The products and services created brings value to customers.
One example is bagged salad. Customers just didn’t want the packaging of their lettuce changed. They wanted the salad made for them. What started out as a novelty is now a mainstay business in most areas of the United States. This might be simple, but I can hear you (and me) say, “Why didn’t I think of that?”
The goal is to bridge gaps rather than create them. One store that brought in this concept was Best Buy. They did some customer research and found that 55 percent of their shoppers were men. The research went another step and asked women why they didn’t shop at Best Buy more. The answer was that Best Buy was a store for men designed by men and manned by men. When the women shoppers were asked what a big turn-off was, they responded that they were given too much technical information about a product rather than how to operate a product and its function.
Best Buy had to shrink the core customer base rather than expand it. Store were redesigned and store floor employees were trained more on the function and operation of store products. This allowed for a new connection with the customer. Align the tasks and information around the customer.
Excerpt from Reorganize for Resilience by Ranjay Gulati
Most important, they must also guarantee precisely the reverse: that the line of sight from the customer into the organization is equally unimpeded, and in a final twist that the companies see themselves from the outside, with their customers, so that they can help wherever their customers are, in their hours of greatest need.
Tags: business intelligence, operations, success
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February 7th, 2010
The Four-Step Formula for Success:
1. You must know EXACTLY what you want.
2. You must want it SINCERELY.
3. You must firmly BELIEVE that you will get it.
4. You must exert every possible EFFORT to obtain it.
Tags: success
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