Dec 6, 2009 | Management, Marketing
Social media is more than Facebook, Twitter and U-Tube, it is a suite of tools that enables rapid connections to be made, it creates and leverages knowledge, and enables very rapid development of an organisation of those who may be unconnected physically.
Imagine, the government decides to put a waste plant in the local park of your community. Predictably, there will be substantial local opposition in the local community who will want it elsewhere.
Under the “old” way of organizing a protest, someone would get on the phone, and try to stir up some passion and get people to a rally in Macquarie Street, (and a few will turn up so long as it does not rain), letters will be written to the local member, the Minister, the local council, and a few others, and the kids will run a partition around the neighborhood. Not very effective.
Under the “new” way, someone will register a domain “stopthewasteincroydon.org” and a site that will collect views, stories about how the kids use the park, signatures, disseminate information, clog up every conceivable receiver with emails, provide links to the U-tube footage of kids playing then being herded off the park by officious waste managers (actors, probably the kids dads) , and generally make a very big noise against the development. Very effective, the Anti position suddenly has real teeth, because it enabled the anti case to be developed then managed in a way that it has a geometric impact on the receivers, all because the new communication tools were used to assemble and leverage a set of views that would have otherwise been individual, and nowhere near as powerful.
Nov 26, 2009 | Management, Marketing, Small business, Strategy
Small businesses often do not spend the time to develop strategy, agreeing priorities, developing a point of difference, and a plan to execute in the marketplace, and as a result find themselves running harder and harder just to keep up.
Developing a Value Proposition to a defined group of customers is as important to a small business as it is to a large one, perhaps more so as an SME does not normally have the resources to waste on efforts that do offer a return, and they generally have less “fat” in the system to absorb mistakes.
Time spent planning up front always pays dividends in time and resource expenditure down the track.
Nov 25, 2009 | Management, Marketing, Small business
How do you engage with hundreds of people as “friends”?
On a personal level, you may engage deeply with a few, maybe a few dozen, electronically, there may be a group with a specific interest, and you engage with them in a club-type situation, 100 perhaps,150?, but any more and it is not engagement, just some sort of casual interaction, in no way engagement.
The depth of personal relationships simply do not scale.
Our social networking tools have opened new avenues of connection, they are wide, but the width is not a substitute for the depth that can only evolve through a personal connection.
This is one situation where numbers simply do not count, where less is often more, so do not confuse the numbers of contacts with quality of interaction.
Nov 22, 2009 | Demand chains, Management, Operations, Sales
If you want a prediction, go to the lady in the tent at the local fair.
If you want a forecast, talk to those who have an intimate knowledge of the drivers of the outcomes you are seeking to forecast.
Good forecasting is an iterative process, the more you do, the better you get, so long as you understand why the forecast is (almost) never right on each occasion it is done. Continuous improvement techniques are the core functions of good forecasting.
Forecasts are also improved when you leave aside some of the algorithms that manipulate the past into a forecast, and look instead at the drivers of demand, sometimes a qualitative input, to get a better picture of the sales that may come along. If you are selling ice-blocks, it is useful to look out the window to see how hot it may be, and factor that into forecasts, not just rely on sales over the last few weeks.
Nov 12, 2009 | Branding, Management, Marketing
It is easy to create something, post it on u-tube and sit back and hope it goes “viral” giving you a turbo charged marketing program for not much money.
This rarely happens, as the punters know an ad when they see one.
The real challenge is to first identify those who love your product, and have the propensity to shout about your services, and set about delighting them, then they may send your message viral, but even if they just talk about it over the back fence to their neighbor, they will be your marketing department. Word of mouth, around forever, is really just person to person viral marketing, and we always knew it worked, it is just that now we have person to potentially millions, and we think it should scale up arithmetically, but it doesn’t.
There is not much use telling those who do not care, or who do not care enough to do anything positive, or are satisfied where they are, so focus your attention and passion on the few who will make the difference.
Nov 8, 2009 | Leadership, Management, Strategy
Various expressions of the basis for an organsations existence, Vision, Mission, Purpose, and others, all have different meanings, and certainly different meanings to different people, and have all been misused for years.
Some time ago running an agricultural industry workshop, very early in the proceedings, a bloke down the back piped up & said ” If I have to hear another vision, or mission, I will puke”(or words to that effect). Stopped the conversation cold for a bit, but the comment reflected the simple fact that these expressions have become clichés.
Having an unambiguous expression of why you are here, and the purpose of the business, gives a context to decisions all stake holders make about what they can expect, what is important and why, and what they have to learn, and do better, or more of. It provides a connection between all of the competing agendas and priorities with the simple question: “how will this assist to achieve the purpose of the business?”
Answering that apparently simple question ” why are we here” can be very difficult, but it is worth the effort.
