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25 January 2012 . Mark Simchock
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Funny how these things happen sometimes. A friend of a colleague/friend read my “How YouTube and Facebook are Killing Innovation and Success” from a couple weeks back. She/he appreciated the insight and suggested we get together to discuss a collection of ideas she/he and a couple “partners” had been kicking around.
A day or so later we met. After an couple of hours of mostly highly discussion she/he popped the question: “Mark, what would you do?”
Below is a rough and obviously very high level synopsis of the answer that came off the top of my head then (and has been refined a bit since):
Note: Many of these are not silos. That is, the reality is they are interconnected and take form in an agile and interactive fashion. They tend not to happen in a nice and neat linear list as you see here.
- Develop your logo / brand identity. This includes domain name(s), social media profile handles, etc.
- Formalize your mission statement. Be clear and concise about your idea to the point that all partners agree and sign-off, be it informally or formally.
- Organize your collection ideas into a 10 slide “”pitch-deck”. There could be multiple versions of this pitch depending on the target audience. Regardless, each pitch should answer the target’s “What in it for me?” Note: This step is as much about aligning the partners as it is about organizing your pile of ideas and crafting your pitch(s).
- Sketch out a marketing plan and set some goals. For example, how many Twitter followers and Facebook “friends” equals “critical mass” and success.
- Set up social media accounts (e.g. Twitter, Facebook, etc.) and begin collecting followers. Track that against goals and regularly assess how much resources it’s going to take to hit your targets.
- Set up a basic / coming soon / sign-up-for-beta website. Use any of the above content to flesh that out. Ultimately, the site should get beta sign-ups, help add FB Likes, Twitter followers, etc. The fact is, with barriers to entry so low, cutting through the clutter is a very difficult task. Most non-marketers severely under-estimate how difficult engagement really is. In other words, you’re not the only outfit with a great idea trying to get people’s attention.—Be sure to use Google Analytcis on the site so you can monitor: traffic, nature of the visits, clicks, etc. in order to gauge the level of interest. GA is essential. Collect and analyze your all data in order to refine the sketch of your marketing plan.—I’d recommend a blog on the site to communicate ideas, show progress, collect comments, etc. A blog is also good for SEO. That said, content generation takes time. Who’s going to do that? Reply to comments, manage the social media accounts (correctly), etc.?
- With that said, define roles. Of the partners, who is responsible for what, when, etc. Don’t assume. In fact, never assume. Also, there’s a massive amount of truth to, “The devil is in the details.” You’d be surprised how easy it is to not on executing once you get past the idea on a bar napkin stage.
- As that’s all moving along, refine your wants-list into real business needs, (fairly detailed) functionality, wireframes (hand-drawn is fine), etc. and begin to design and develop the brand’s website. Your critical mass goals, sign-up progress and traffic will help to dictate your timeline.—The current rule of thumb is to get in the game with a raw but solid idea and refine as you go. None the less, you have to have some framework to start with. Especially, if there are multiple decision makers. It goes without saying that personalities change as the bumps in the road come bigger and faster.
- As all that’s moving along, develop a network for press releases and other “good will” type channels. Contrary to popular belief, big dogs (e.g. Facebook) don’t exactly go viral. Once the angel investors and VCs kick in their part those players open up their “little black books” of media contacts to fan the fire of interest in their new investment. When someone tosses in 5, 6 or 7 figures they aren’t just sitting around praying for “viral”. They’re playing puppet master. If you’re more grassroots and boot strapped then you might be limited to praying for viral. It’s up to you.
- Discuss if not formalize an exit strategy. You’d be surprised how well defining the way out helps to determine the path(s) you take. Building a house to live in and building one to sell are usually two very different approaches.
And now for the Bonus Tip:
Don’t quit your day job until your have to. On the other hand, there’s something to be said for, “Where there’s a will, there’s a way.” Having your back up against the wall can be inspiring—provided the partners agree on who’s going to bear that burden.
29 November 2011 . Mark Simchock
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We’ve all done it. We aim high and mean well but end up not reaching our own expectations. Sometimes it’s frustrating being human. Yet there’s got to be a better way. And there is!
As the story goes, a couple weeks back I came across an (audio) interview with Heidi Grant Halvorson (author of “Nine Things Successful People Do Differently”) via Harvard Business Review’s HBR IdeaCast. From there I drilled down and around a bit and found an HBR article that I presume to be more or less a synopsis of her book. Then within that article were links out to other supporting articles.
When all was said and done I found the whole bundle insightful, relevant and (given the time of the year) highly share worthy.
The simple New Year’s resolution is this: resolve to consume these six articles. I guarantee you’ll be glad you did. Don’t panic, they’re all bite sized.
“What Successful People Do Differently”—An interview with Heidi Grant Halvorson
“Nine Things Successful People Do Differently” by Heidi Grant Halvorson
“Six Keys to Being Excellent at Anything” by Tony Schwartz
“Get Your Goals Back on Track” by Heidi Grant Halvorson
“A Better Way to Manage Your To-Do List” by Peter Bregman
“How to Teach Yourself Restraint” by Peter Bregman
Dig in. I hope you find this collection as valuable as I do. Leave a comment, let me know what you think.
22 November 2011 . Mark Simchock
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Earlier today I had coffee with a respected colleague. We both have unique perspectives so it’s always refreshing to meet for some engaging banter. As it often does, the conversation turned to the economy (old vs. new), the internet (web 2.0 vs. web 3.0), and how such dynamic parameters impact companies/organizations in pursuit of growth.
Here is a non-all inclusive summary of our conversation in no particular order:
- Now more than ever, the parameter settings (so to speak) that grew a successful company to Tier X, is quite often not the same settings to get to Tier X+1, Tier X+2 and beyond.
- Early growth is like pounding a nail. However, at some point that nail turns into a screw. The brute force of a hammer that drove the nail is all but useless for turning screws. Simply pounding harder is not the answer. In fact, it’s a false assumption that is distracting and counter productive. Pounding even harder qualifies as insane.
- By definition, change (e.g., growth) requires change. In addition, more is more and better is better. Simply repeating more of yesterday’s this-works is probably not the formula for a better tomorrow. Believing otherwise can be dangerous.
- While culture starts with HR, it’s management’s role to set direction, motivate, maximize productivity and reinforce that culture. Culture doesn’t just happen. If the culture is failing it’s not the fault of staff.
- While few, some things have not changed. As in sports, victory is shared by the team. However, the responsibility for coming up short belongs to management/leadership.
- While certainly not a panacea, tool selection (i.e., technology) can be the deciding factor between getting to Tier X+2 and Tier X+4.
- Bureaucracy is not absolute, it is relative. In other words, what’s counter-productive for a Tier X company can be best practices and M&Ps for a company a tier or two up. The challenge is making the transition from controlled chaos to focused, efficient and low noise.
- Act like the company you want to be, not the company you used to be. In today’s environment, yesterday as an anchor is no longer a positive.
- As organizations grow what is required to sustain that growth evolves. For example, entrepreneurial leadership is often replaced with a more seasoned approach. Darwinism dictates that organisms that don’t evolve die.
- If growth were simply a matter of scaling up sales then there would be a glut of multi-million dollar companies. The difficulty of scaling marketing/sales aside, there’s more to sustainable growth than more sales. Higher volume increases noise. Therefore, noise reduction is also critical.
The bottom line…we both agreed that in spite of the macro-economic gloom and doom there continues to be opportunities for growth minded organizations willing to evolve.
30 August 2011 . Mark Simchock
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In the course of doing some business yesterday, I stopped for a quick lunch. While I wasn’t intentionally trying to ease drop on the table next to me I heard one person say to the other, “…but we’re not a big company…” They all then proceeded to piss and moan about the symptoms of lack of process, lack of structure, wishy-washy management, etc.
I’m as agile and unstructured as the next guy/gal. On the other hand even I understand that there is a difference between the burdens of bureaucracy and adding value by working smart via appropriate process/structure. If a problem keeps bleeding, the answer is not to make excuses and let it keep bleeding. The answer is not to apply yet another temporary band-aid. The simple answer is to fix the problem. Yes, quite often that entails doing things you don’t normally like to do. But that’s why they call it work.
It’s easy to tell when something needs to be addressed or not. When the amount of time lost—note: time spent complaining is included here—exceeds the amount of time it would take to solve the problem, then you know you have a problem that needs to be solved sooner rather than later.
Naturally, you should also be willing to revisit that solution when necessary. In other words, yesterday’s best answer might not be the optimal answer for tomorrow. “That’s how we’ve always done things,” is not an acceptable answer.
The bottom line…
If you want to be a duck, then walk like one and talk like one.
The transformation follows the act(s), not the other way around.
In other words, successful small companies don’t become larger companies and then add the necessary bells & whistles. It’s actually quite the opposite. Successful small companies embrace the necessary bells & whistles as the means to becoming better (bigger) companies. Of course the bells & whistles are going to be a function of an organization’s culture, the personnel involved, etc. One size does not fit all all the time.
26 July 2011 . Mark Simchock
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Anyone who has gotten within ten feet of a project of any size understands the classic adage:
—Fast
—Cheap
—Right
Pick two.
Let’s pretend for a moment that you go with Fast and Cheap. Fair enough, not every effort demands or allows for the premium package. F & C is also a sign of the times. Budgets are tight and markets are as fluid as ever. However, not picking Right does not mean you should abandon all sense of best practices and PM common sense.
For example, let’s say you decide to refinish a chair. The ultimate solution would be to take it to a professional with the proper experience and equipment and let him/her work their magic. Your next choice might be to get the right equipment yourself (or borrow it from a friend), buy a “Furniture Refinishing for Dummies” book and slot out a weekend to get the job done. But maybe its a chair of not much value and all the top choices would be overkill.
Again, fair enough. You just want to give the old chair some new life. None the less you probably shouldn’t ignore all sense of Right. At the very least you should sand the chair down a bit, give it a thorough washing and possibly slap on at least one coat of primer before you repaint. Deciding to completely bypass Right and just paint the chair “as is” in most cases would be a mistake. The type of mistake that you will eventually regret. The type of mistake that will just have to be redone again the minimal Right way.
On a more practical level, let’s say you want a website and you want it Fast & Cheap. These things happen sometimes and you have to deal with the cards in front of you. But that doesn’t mean all sense of Right should be abandoned. In fact, in order to keep Fast & Cheap on target there still needs to be a minimum commitment to Right.
Here are a few rules I’ve come up with that will help your Fast & Cheap project shine:
Fast & Cheap Rule #1 – Remove as many unknowns as quickly as possible. This is essential. Looking at the map while you’re flying forward is dangerous. For example, if your core team is familiar with web host X, CMS Y and copy writer Z then stick with those. Unless there is some irrefutable and compelling reason to switch horses then stick with what you know as much as possible. If someone doesn’t have a working understanding of a particular tool or element, get them up to speed ASAP. Mitigating unnecessary distractions is essential to efficiency. Avoid shiny new objects and any other unknowns as much as possible.
Fast & Cheap Rule #2 – Define the destination as quickly and as tightly as possible. There’s no sense embarking on a high-speed journey if you don’t know where you’re going and what provisions you might need to get there. Running fast for the sake of running fast might be fun in grade school gym class but it’s no way to get a quick & dirty project done on time and within budget. Be smart! Figure out where you’re going before you turn the key and stomp on the gas. One or two wrong turns at high-speed could result in undesirable and costly consequences
Fast & Cheap Rule #3 – Ask Why. Then ask What. Before you ask How. Obviously, closely related to Rule #2. For example, don’t start talking about the website’s design until there’s an agreed upon Why and What. For iproperty development the boilerplate I also recommend using is:
1) Who is the target audience?
2) What are their expectations?
3) What content and functionality is necessary to meet those expectations?
4) How does that correlate to the wants and needs of the brand?
Again, it doesn’t matter how Cheap and Fast you’re moving if you get to the wrong destination. It doesn’t matter if you pick a website design that looks nice if it’s ultimately inappropriate for the Why and What. You could get lucky. But why rely on luck when investing in a bit of time can do the trick? Yes, there is no doubt design is important. But its true value exists within the context of the business needs (i.e., Why and What). If you believe that defining the Why and What is too overwhelming then proceed at your own risk. Some might say, “We can’t afford the time for that.” No actually, the reality is you can’t afford the risk of not filling in these blanks. Ultimately the time invested now will be a bargain to what you pay later if you don’t get lucky.
Fast & Cheap Rule #4 – Listen to your able and trusted resources. Let’s say you take your car to the shop because you’re having a problem. The mechanic takes the car for a short drive and then puts the car up on the lift to have a closer look. Shortly thereafter he/she comes back and says you need services X, Y & Z. Do you say no thanks and then specify he/she replace A and/or B? Or do you ask for an explanation and then more likely than not proceed as recommended? At the risk of repeating myself a slight bit, unless there is some irrefutable and compelling reason not to listen to your able and trusted resources then stick with what they recommend as much as possible. A quality resource is not going to speak just to be heard. If the idea sounds feasible and their explanation reasonable then follow their path.
Fast & Cheap Rule #5 – Hit the expectations reboot button. Once you’ve run through the previous steps, do a quick loop back around and share what’s been documented in order to get everyone—resources and stakeholders—on the same page. It’s going to be worth reminding everyone that the meal is closer to fast-food than it is white table cloth fine dining. Even so, someone at some point is going to be tempted to discuss the wine list. Simply put, there is no wine list in this phase. Therefore, start a list for future enhancements. Not only will this list eventually come in handy, but it will also be a polite and positive way to say no not now.
Conclusion – Pardon me if this sounds a bit direct and honest but Fast & Cheap is not an acceptable excuse for being mindless. Sometimes cutting corners is necessary. But doing so with no seat belt on and while wearing a blindfold is foolish at best. Some times it’s necessary to be fast and be cheap but there’s no need to top that off with a stinky pile of hasty.
A Final Note – While this article focused on Fast & Cheap, the truth is many of these concepts apply no matter what two and a half options you pick from the list. And while you can’t have it all, the fact is there are smart ways to get the most from what you do have. All you have to do is look and think before you leap.
19 May 2011 . Mark Simchock
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“7 IT lessons from the collapse of Borders” by Frank Hayes (ComputerWorld.com, 7 March 2011). Truth be told I am by nature a geek. Not that I’m necessarily a shiny new object kind of guy. But I do appreciate technology, it’s application, and it’s potential for positive impact. While I don’t wear my geek pride on my sleeve, I do consider myself a card carrying member of the Geek Union Local 0101.
For as long as I can remember I’ve been reading articles similar to thee one by Frank Hayes. These memories go back to the mid-80′s. That’s a long time to repeatedly blame the same player for not making the championship. Mind you, IT has its faults. But so does marketing, operations, HR, finance, etc. And while I hate to wear out the sports analogy, business is a team effort. Everyone must work together. When there’s a win, it’s a team win. And when there’s a loss a good coach will suck it up and accept responsibility. In short it’s hard to image IT being 100% responsible 100% of the time for 100% of the project that failure. Hard to believe, right?
The point I’m getting to is that Frank’s article inspired me to send him an email. I felt compelled to let him know that I found the post-game analysis of the decline of Borders very interesting. However, the perpetration of the myth that it’s always IT’s fault also needed to be addressed. Once I sent it, I figured the matter was closed. Nope! Here is the version of the letter that appeared in the 9 May 2011 print issue of ComputerWorld. Yes, I guess they do still print letters submitted by readers. So here’s another one of the record books that cleared the Editors’ Hurdle.
I enjoyed Frank Hayes’ March 7 2011 column, “Seven IT Lessons from the Collapse of Borders.” It was s great Monday morning wrap-up.
But I do take issue with one statement, where he says that “no one in IT was able to convince management to reinvent Expert.” Expert was Borders inventory management system, and Hayes points out that it was unable to scale as Borders grew.
Why is IT being made the scapegoat once again for C-level incompetence? I think that Expert’s shortcomings would have been pretty obvious. I can’t imagine that one needed an MBA to see how the system (and I’m not just talking about technology) was failing. Hayes seems to imply not only that IT staff were the only ones who could see the problem, but that IT was also the only one responsible. Really?
If the fall of Borders was IT’s fault, then what were the executives responsible for?
I’m growing tired of IT taking one for the team. And it’s one thing when Marketing and other departments pin one on IT. Let’s face it, they’re not going to admit any guilt themselves. Buy why is Frank Hayes reinforcing a myth and a stereotype?
Well said, right?
25 February 2011 . Mark Simchock
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“Zen Management Makes Millions” by Lee Lusardi Connor (NYReport.com, 1 February 2011). Truth be told, I still do quite a bit of reading offline. I imagine my brain has been trained to consume more comfortably and completely when I’m not always nose to screen. Admittedly, I struggle with my lack of green-ness in this area. It’s Friday, so let’s not get too distracted.
I mention this because I wish you could see how much of this article I’ve circled, starred, drawn arrows to, etc. So rather than reiterate such a high percent of this interview I’ll just saay that if you and your organization are looking for a road map for the future that is both socially and environmentally conscious, and not just about dollar and cents, then invest some time in this article. I promise you won’t regret it.
Side note: While Applegate Farms’ Stephen McDonnell probably knows better than I do, I disagree with his presumption that the sales of natural and organic food is going to level off around 2018. To me that’s like saying that the need for all of us to eat and live healthy is going to level off. That doesn’t seem likely, does it?
11 January 2011 . Mark Simchock
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“How to Restart Innovation” by CIO Executive Council (CIO.com, 14 December 2011). Great collection of ideas! But let’s be honest, this is not rocket science. That said, let’s also dig a bit deeper and harvest some additional gold from between the lines.
Starting with the Brent Hoag (VP and CIO of Diversey), there’s the famous, “If you can measure it, you can manage it.” Diversey didn’t just say, “Let’s be innovative.” Geez, anyone can do that. The key here, they made a particular team responsible for that business need. While it’s true the whole organization should play a part in innovation, by making it someone’s responsibility it’s more likely to happen. Thinking about it is easy. Talk is cheap. The key is actually making an effort, and actually making someone accountable for it too.
Next comes Allison Redecki (Senior VP and CIO of GS1 US) and, “Tear down the silos!” Which by the way also applies to Hoag’s team. What Redecki has done is to have her people not re-actively serve their clients but to be proactive and walk in the clients’ shoes. The goal is to strive to be in a position to add value, not just regurgitate. In some ways the requests for new ideas is actually a by-product. The by-product of IT having a better understanding of what the business is doing and what it’s trying to accomplish. Without that understanding there would be no new ideas to be offered. That said, in asking for ideas (and presumably rewarding them) IT is forced to become closer immersed in their clients’ world. Silos down. Everybody wins.
And finally there’s Mark Carbrey (CIO of Cross Country Automotive Services) and their focus on The Guest Experience. His team is constantly evaluating and re-evaluating. In addition, using volunteers for such efforts not only keeps everyone engaged beyond their focus (read: it keeps them looking beyond the silos) but it also excites them. Everyone across his team is continuously a part of something new.Funny how participation gets people to well…um…participate.
The bottom line…It’s alarming how many organizations put their employees in cubicles, ask them to focus a fixed target, measure them on that, and then those same organizations are shocked when, “Think outside the box,” doesn’t produce significant innovation. If you want your team to use The Force, then you have to also give them the opportunities and inspiration to feel The Force too. Or as Chevy Chase said in Caddyshack, “Be the ball Danny.”
28 September 2010 . Mark Simchock
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“15 Small Business Lessons from Richard Branson” as reported by Ann Handley (American Express’ OpenForum.com, 23 September 2010). In a word, brilliant. So much so that nothing needs to be added.
24 September 2010 . Mark Simchock
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“Patagonia, from the ground up” by Jennifer Wang (Entrepreneur, June 2010). It’s worth mentioning that the sub-headline is: While the rest of retail was tanking, Yvon Chouinard’s outdoor clothing and gear company was having its best two years ever. Here’s why.
Regardless of economic conditions the question everyone is constantly asking is, “Where are we headed?”. Today’s answer for both the means and then ends is Patagonia. As you read you’ll quickly realize that Yvon and Patagonia live in a spin-free zone. They not only talk the talk and walk the walk, they live the life as well. Patagonia is not successful for what it sells or how it markets. It’s much deeper and basic than that. Patagonia is successful because of what and who it is. And in doing so, it creates its own destiny.
I can guarantee it’s not staffed by zombies who are only showing for the pay and the benefits. Might that imply that the size of great companies will be limited going forward? Yes, it certainly seems that it does. It’s often said that smaller companies are more agile. Yes, but that still doesn’t quite explain it. The true difference is the level of passion and commitment. It’s not the size that matters per se. It’s how the size makes it easier to instill the culture consistently throughout the organization.
Let’s close with a good pull quote to engage you:
EM: Why do you compare yourself–and entrepreneurs in general–to juvenile delinquents?
YC: Yeah, I think entrepreneurs are like juvenile delinquents who say, “This sucks. I’ll do it my own way.” I’m an innovator because I see things and think I can make it better. So I try it. That’s what entrepreneurs do.
So, how much budget do you think Patagonia saves not having to force their marketing to spin an image that really isn’t there?
2 September 2010 . Mark Simchock
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“Use the 80-20 Rule to Increase Your Website’s Effectiveness” by Oleg Mokhov (SixRevisions.com, 2 September 2010). While we apply the rule somewhat differently, Oleg and I are certainly in agreement. It’s the ultimate rule to follow because it can be applied to everything, not just web sites.
Three other good rules that all play well together are:
— Divide and conquer.
— You can’t be everything to all people all the time.
— How do you eat an elephant? One bite at a time.
For example, if your business is about a particular set of core services, focus on communicating those 80% of the time. when sending an email blast target it such that it connects with the interests and expectations of 80% of your list. If the web site is about selling those services then put 80% of your time and effort into defining those pages. That’s not to say shouldn’t trust your gut and igore your hunches. Just be fully aware that you are doing so when you do.
If you get distracted by the 20% you will ultimately only dilute the 80% that really matters. Stay focused! As a general rule, as you are fine tuning X, shoot to get it 80% r complete and correct. When that dust settles, go back to the remaining 20% and attack 80% of that. And so on, and so one. As a result of focusing 100% on only 80% you will be more effective. In addition, you and your team will have more senses of accomplishment more often. Good motivators are always a good thing.
The bottom line is that in all likelihood you will build a customer base such that 20% yields 80% of your business. 80% of your team will be happy 80% of the time, and so on. Now if only life were so easy.
27 August 2010 . Mark Simchock
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“Master the upcoming culture change” by Paul Glen (ComputerWorld, 23 August 2010). While on one hand this article was encouraging there are also some fundamental oversights.
1) What upcoming change? It’s already here. To believe that it’s coming is a recipe for missing it. Anticipate proactively and don’t just stand there flat footed waiting.
2) The purely technical has been a commodity for some time now. Again, realizing this is the first step to moving forward.
3) Business and technology have always been tightly integrated, or should have been. Business is and always will be an exercise in holistic understanding and approach. The sad irony here is this divide isn’t closing. Article after article, writer after writer all continue to say the same thing: The gap between the business and IT need to close. Yet, that doesn’t happen.
4) One of the smartest things IT (Information Technology) can do is change it’s name. Aside from being dated, it’s encourages a mindset that continues to leave IT out of sync with business. The bottom line, IT needs a serious re-branding.
5) While it’s not Paul’s fault this article could have been written 10, 20 or maybe even 30 years ago. What’s shocking, given the historic trends, it will probably written again and again in the future. But let’s hope otherwise.
To finish on an upswing, this really isn’t only about IT. It’s about business, period. IT and Business must work together and circle up. All involved have to make an effort to prepare for the future. That responsibility can’t just sit on IT’s shoulders. IT needs to understand and embrace Marketing. And Marketing needs to understand and embrace Technology.
8 August 2010 . Mark Simchock
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“Renaissance Men Wanted: Big Problems Need Big Innovators” interview of author Vinnie Mirchandani by Thomas Wailgum (CIO.com, 14 June 2010). A quick follow up to yesterday’s post. Looks like Mr. Mirchandani casts another vote for an AU state of mind.
7 August 2010 . Mark Simchock
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“From Push to Pull: How to Navigate the ‘Big Shift’ Reshaping the World” interview of author John Hagel (ConsultingMag.com, 8 July 2010). It’s Saturday, so let’s just cut to the chase…
Consulting: What exactly is the power of pull?
Hagel: I guess it starts with a rather provocative proposition that the current management approaches and institutions that we have in business are fundamentally broken, and to support that proposition we muster a set of evidence around performance trends over long periods of time for all public companies in the United States. In particular, we show that return on assets (ROA) for all public companies in the U.S. has eroded in a very substantial and sustained rate since 1965. In fact, it has come down about 75 percent. There is no evidence of it leveling off, much less turning around. At minimum, it suggests that the current recovery of the economy debate may be a bit misleading. We’re showing some longer-term trends that have been playing out across many economic cycles that we have not been able to respond to effectively.
Consulting: And to what do you attribute that decline over the last 45 years?
Hagel: On one level, you can simply think about it in terms of intensifying competition. One of the metrics we have shows the intensity of competition has at least doubled over this time period. But at a more fundamental level, the basis of competition is changing. In the past, we lived in a world where the source of economic value was around knowledge stocks, developing a proprietary set of knowledge, protecting it fiercely and extracting the value from it as efficiently as possible for as long as possible…
Wow! That’s quite a mouthful, eh? Where we are today traces all the way back to 1965. That’s a lot of bad habits and false assumption to break and remold. No wonder the last couple year felt like a house of cards collapsing. Fortunately, there is hope…
Consulting: How would this impact the way professional service firms serve clients?
Hagel: That’s interesting: One of the key implications, we believe, is for professional service firms to organize a much broader network of expertise. Most professional service firms tend to operate as ‘we have the answers and we engage one-to-one with our clients’ as opposed to organizing a large network and help to connect that network and its expertise to clients. With more and more options competing for everyone’s attention, the notion of someone who deeply understands what a client’s needs might be and who can be helpful connecting that client to the people, information and resources that are most valuable to them will be well positioned to succeed.
Interesting enough, that sounds very similar to the Alchemy United model. Let’s just leave it at that for today. Time to run out and grab Hagel’s “Big Shift”.
5 August 2010 . Mark Simchock
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“The Requirements Payoff” by Karl Wiegers (DrDobbs.com via Information Week, 9 July 2010). As is tradition around here, don’t let the subject matter fool you. This is not just about building systems. The lessons here can be applied across the board. We are all familiar with:
— Look before you leap.
— Measure twice, cut once.
— Do it right the first time.
— Haste makes waste.
The one caveat here is that Karl is focused on user requirements, when the focus should be business needs. Defining what’s wanted (is easy) and defining what’s needed (not so much so) is not the same thing. Being human, we’re all guilty of letting emotions get in the way, eh? The focus needs to be thorough and objective. Not some pie in the sky brain dumping.
In short, have a plan. Then review that plan to ensure the journey you are planning will get you to where it is you are wanting to go. Opps, I meant needing to go.
16 June 2010 . Mark Simchock
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“Fifa acts after ‘ambush marketing’ by Dutch brewery” by BBC News (news.BBC.co.uk, 15 June 2010). Being a lover of The Beautiful Game, this off the pitch sideshow is worth mentioning.
Internationally televised or not, if the Budweiser brand is fearful of three dozen women in orange dresses then there is something significantly wrong with Bud’s marketing efforts. In raising the issue to the legal level, FIFA and Anheuser Busch have probably played to Bavaria’s hand and have given the tiny Bavaria the even higher profile they were seeking. Haven’t we’ve seen this tactic before? Are FIFA and A.B. that naive?
Finally, as the anti mega-corporation climate continue to grow amount consumers, Buds excessive counter attack against the underdog Bavaria in all likelihood risks additional push back against the Bud brand, as well as the Anheuser Busch family of brands. Worth it? Probably not. What’s next, supporters being banned for wearing their squads’ colours because a sponsor doesn’t like that colour?
For violation of the spirit of the game, “The King of Beers” should be sent off.
What do you think? Is FIFA and A.B. acting in their own best interests, or looking to be a social media victim of their own 20th century mindset?
14 June 2010 . Mark Simchock
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While not quite a change in venue, but how about a change in medium? Please take a moment to enjoy these two relatively short audio interviews from Harvard Business Review.
“HBR IdeaCast: Positive Deviance and Unlikely Innovators” — Interview of Richard Pascale (associate fellow of Said Business School at Oxford University) coauthor of “The Power of Positive Deviance”.
“What Copycats Know About Innovation” — Interview of Oded Shenkar, professor at Ohio State University’s Fisher College of Business and author of “Copycats: How Smart Companies Use Imitation to Gain a Strategic Edge”.
13 May 2010 . Mark Simchock
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Collaboration. Networking — Social or otherwise. Crowdsourcing. Team building. Etc. Etc. Etc. Sound familiar?
As it was once said:
No man is an Island, entire of itself; every man is a piece of the Continent, a part of the main; if a clod be washed away by the sea, Europe is the less, as well as if a promontory were, as well as if a manor of thy friends or of thine own were; any man’s death diminishes me, because I am involved in Mankind; And therefore never send to know for whom the bell tolls; It tolls for thee.
John Donne, Meditation XVII
English clergyman & poet (1572 – 1631)
Here are three intriguing perspectives on technology, islands and life as we know it in 2010:
— “Interview: Jaron Lanier – Why Crowdsourcing Isn’t Always Wise” by Kim S. Nash (CIO.com, 25 March 2010)
Your book, You Are Not a Gadget: A Manifesto, challenges the value of crowdsourcing. What’s wrong with the hive mind on the Internet?
It does work sometimes: A crowd of buyers sets a price in a marketplace. But it only works if you want output of a single result. Otherwise, you get design by committee. You get features added to services without anyone looking at the whole complex picture of what you’re trying to build.
— “The Grill: Andrew McAfee” by Sharon Gaudin (ComputerWorld.com, 5 April 2010)
What are the best ways that businesses are taking advantage of Web 2.0 technology?
They’re taking advantage of it in a few different ways. They’re using it to let people broadcast their expertise: I’m going to tell the organization what I’m doing, what I know and what I’m good at. I’m not filling out fields in a database. I’m doing this by blogging. That lets me narrate my work.
— “Build Up Your Influence” by CIO Executive Council (CIO.com, 17 March 2010)
Cora Carmody, Jacobs Engineering, “Whether you want to influence your own team or an external partner, you must show them they are important to you.”
And what tools and approaches do you use to make you work life and your home life a better place?
28 April 2010 . Mark Simchock
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“Work-Life Lessons From Peter Drucker” by Bruce Rosenstein (Baseline Mag, 8 April 2010). Finally, another perfect storm. That is, a spare moment or two to do some biz reading and an article worth passing along.
If there were a Business & Management Hall of Fame, Peter Drucker would be inducted, first shot, all the number one votes. If by chance you’re not familiar, here is his wikipedia page: http://en.wikipedia.org/wiki/Peter_Drucker. The irony is that the five recommendations listed by Bruce are really nothing new. For the most page they all date back ages and in some form are rooted in many of the great religions. That not to say, business is substitute for faith, not at all. But we’re not just talking the business you here. We’re talking the holistic you — on and off the clock.
The bottom line… If you can’t help you and improve you, who can? In addition, when you stretch out to help and support others that also makes you stronger too. “No man is an island,” indeed.
10 April 2010 . Mark Simchock
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You might not be an executive. You might not have users. You might not be a CFO. However, if you’re looking for ideas, inspiration and strategies for staying on a path to success then this trio is for you:
“Escaping the Executive Bubble” by Kate O’Sullivan (CFO Magazine, 1 February 2010).
“There are a whole bunch of natural filters in an organization,” Roberto explains. “It’s not because people are necessarily hiding things, but as information moves through the hierarchy of a company, it gets packaged, streamlined, and analyzed.” As a result, the “news” that arrives at the CFO’s desk has usually been cleaned and polished. And distorted.
“Opinion: Love Your Users” by Frank Hayes (ComputerWorld, 22 March 2010).
Yes, users also burn up a lot of our time with password resets, downloaded malware and simple dumbness. We could cheerfully strangle them for things like that.
But some users, at least, have eyes, ears and brains that can be IT’s first line of defense against problems that we wouldn’t spot ourselves until it was too late.
“We Fail Fast, Learn, and Move On. An interview with Steven Neil, CFO of Diamond Foods Inc.” by David M. Katz (CFO Magazine, 1 April 1 2010).
We got our supply-chain folks involved, studied our approach, and identified what my kids call the “duh” factor. The way we had been loading the truck facilitated the operations of our warehouse rather than our customer’s warehouse. So we changed how we packed the truck to align with the layout of the customer’s warehouse.
Get it?
Opinion: Love your users
By Frank Hayes
March 22, 2010 06:00 AM ET
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