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May 10, 2008

Steve Yastrow on the WE Relationship

I love the premise from Steve Yastrow’s recently-published book, WE: The Ideal Customer Relationship. In the opening chapter, Yastrow writes …

Relationships have become powerful differentiators. Customers can’t tell is your product is better than your competitor’s product, but they can tell if they have a better relationship with you than with your competitor.

If relationships are such powerful differentiators, what is the most productive, profitable, and sustainable relationship?

The We relationship.

In a We relationship, you think less about what separates you and more about what intertwines you.

In contrast, if your customer’s view of your relationship is not “We” but “Us & Them,” he will focus more on what he can get from you—and on what he believes you get from him—and less on how you can collaborate to reach your goals together. [Steve Yastrow, SOURCE]


For those needing to see this premise in a chart, peep the following from pg. 13 of WE: The Ideal Customer Relationship ...

We_chart_pg13_3

Learn more about Steve Yastrow and get yourself a copy of WE.

April 24, 2008

Digging Inside Steve’s Brain

If you’re following me on Twitter, then you know I’m reading Leander Kahney’s newest Apple-related book … INSIDE STEVE’S BRAIN. It’s a worthy read.

Lots have been written about Steve Jobs and Apple. Kahney’s book, though, runs the full gamut on sharing the business mindset that drives Jobs and drives Apple to succeed. You’ll learn insights into developing new products, designing the customer experience, fostering an innovation spirit, hiring top talent, and sharing passion to “… put a ding in the universe.”

I judge the worthiness (and worthlessness) of business book on three factors: IDEATION (helps me generate new ideas), INTELLECTION (gives me a new perspective on a business topic) and MAXIMIZATION (increases my current understanding of a business topic). INSIDE STEVE’S BRAIN ranked high for me on all three factors. That’s why it’s a worthy read.

Sample some of INSIDE STEVE'S BRAIN through these tasty Money Quotes


RSS Readers ... click here to read the Money Quotes

April 07, 2008

The Internet is your Marketing Department

Groundswell_book
“Right now, your customers are writing about your products on blogs and recutting your commercials on YouTube. They’re defining you on Wikipedia and ganging up on you in social networking sites like Facebook. These are all elements of a social phenomenon — the groundswell — that has created a permanent, long-lasting shift in the way the world works.”
GROUNDSWELL (Charlene Li & Josh Bernoff)

If you are reading this blog then you have a clue about the Groundswell that Charlene & Josh detail in GROUNDSWELL. Others you know in the office are probably clueless about this Groundswell. They have no clue about the power to be unleashed from embracing the Groundswell. They do not realize the Internet is your marketing department.

GROUNDSWELL is the definitive guide to what is happening now in the citizen marketer online world we live, work, and frolic in. You’ll learn about the online tools people use and the motivations for why people participate in the Groundswell. You’ll also gain access to previously super-spendy analysis reserved for Forrester clients … such as … ROI of an Executive Blog, ROI of Online Ratings/Reviews, and ROI of Online Community Forums.

Charlene & Josh refresh some of their smartest blog posts in GROUNDSWELL. They’ve written about the Social Technographics ladder before, but the updated analysis in the book will help you better understand the motivations and activities of consumers today. And, their easy-to-understand P.O.S.T strategy to participating in the Groundswell will help many in demystifying how to get started using online media to connect with customers.

GROUNDSWELL is must-read material for all Marketing Managers and Marketing Directors who want to use the power of the Internet as an extension of their marketing department.

[Prerequisite reading includes: THE CORPORATE BLOGGING BOOK (Debbie Weil) and CITIZEN MARKETERS (McConnell & Huba).]

March 25, 2008

Five Biz Book Excerpts of Note

1 | GROUNDSWELL (Charlene Li & Josh Bernoff) is about to be published. An excerpt is now available.

2 | GOOD IN A ROOM (Stephanie Palmer) was just published, read an excerpt here.

3 | BOUNCE! (Barry Moltz) is on bookshelves and on my reading list. Excerpt? Ya sure, you betcha.

4 | STOPWATCH MARKETING (John Rosen & AnnaMaria Turano) is also newly released. Sample some of it with what else ... another excerpt (.pdf).

5 | PIRATE'S DILEMMA ... yeah, I've already raved about it. This interview with Matt Mason is worth reading too.

March 11, 2008

OUTSMART!

I’m doling out more Money Quotes with a few sharp lines from Jim Champy’s just-published book, OUTSMART!: How to Do What Your Competitor’s Can’t. These quotes share Jim’s thinking on how growth businesses outsmart incumbent businesses. Enjoy.


RSS Readers … click here to view the presentation.

March 09, 2008

The Myths of Innovation

I’m a little late in reading Scott Berkun’s THE MYTHS OF INNOVATION. Not sure where I got hip to the book, but it was somewhere online. I’m sure glad to be hip to it because it’s a smart take on when innovation happens and how it happens.

The following Money Quotes presentation shares tasty nuggets from THE MYTHS OF INNOVATION. By no means is this a synopsis. It’s just a smidgen of what you'll learn when you read Scott’s way worthy book. Learn more about Scott from his blog. Learn more about his book by viewing the following. Enjoy.


RSS Readers … click here to view the presentation.

February 09, 2008

second serving | MEATBALL SUNDAE

Earlier I shared a summary and some sound-bites from Seth Godin's newest book, MEATBALL SUNDAE.  I've collected a few cast-offs from the editing room floor that didn't make the initial sound-bite cut.  Just because these money quotes and action-figure photos didn't make the cut, doesn't mean they aren't chewy. They are.  Enjoy.

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January 29, 2008

The Pirate’s Dilemma | REMIXED

“Remixing is about taking something that already exists and redefining it in your own personal creative space, reinterpreting someone else’s work your way. [It’s about] taking an idea and making it suitable for a whole new audience.”Matt Mason, THE PIRATE’S DILEMMA

Consider the following post a remix of Matt Mason’s THE PIRATE’S DILEMMA. The twist I’m adding is whittling down the gist of Matt’s message into a WHATSO WHATWHAT NOW structure. The WHAT is the core of Matt’s idea. The SO WHAT explains why the WHAT matters. And the WHAT NOW is advice on how to action upon the WHAT.

NOTE: All direct samples lifted from Mason’s original work, THE PIRATE’S DILEMMA, are quoted in italics.


Piratesdilemma_remixed_3

WHAT:
“Entrepreneurs look for gaps in the market. Pirates look for gaps outside of the market. By thinking like pirates, people grow niche audiences to a critical mass and change the mainstream from the bottom-up.”


SO WHAT:
Matt Mason reasons today’s capitalism is influenced by Pirate entrepreneurs who are rocking the boat by “doing things differently and working out new ways to share information, intellectual property, and public space.”

American Apparel
is a company run by a Pirate entrepreneur in Don Charney. Influenced by the punk capitalism ideal of “putting purpose next to profit,” Charney is reinventing the apparel industry in America. All of American Apparel clothes are produced in a sweatshop-free factory in downtown Los Angeles. American Apparel factory workers earn an average of $13/hr, plus they receive benefits like subsidized lunches, bus passes, free bicycles, and health insurance. 20% of the cotton used by American Apparel is organic, 20% of the power used at their factory comes from their rooftop solar panels, and all fabric scraps are recycled. By selling both substance and style, Charney is making a healthy profit and upending the market in the process.

Tomoaki Nagao is a Pirate entrepreneur impacting the sneaker trade. Nagao remixed Nike’s Air Force One basketball shoe in garish colors and high-gloss patent leather. The result of this remixed shoe is the sought-after and super-expensive BapeSta shoe line (known as Bapes). Thanks to the success of Bapes, Nike has reintroduced the Air Force One shoe in similar garish colors. Not a surprising move for Nike given that its co-founder and leader, Phil Knight, is an O.P. (Original Pirate) having rocked the sneaker trade in the early 70s.

“Finding a space to get your idea across is as important as having the idea itself. If the idea is good, growing an audience won’t be difficult. It’s the audience that gives pirates their power.” Shawn Fanning’s Pirate prowess was boosted when his idea went viral. At one point, 70-million people were freely sharing MP3s using Fanning’s ultimate pirate creation—Napster.

The entire music industry business model has been rocked by Napster and other peer-to-peer music sharing programs. However, “as quickly as society figures out new ways to share ideas that advance the common good, private interests move in to stop this from happening, to maintain the old systems that benefit only the elite.” The music industry levied a litany of legal charges against Napster, forcing this Pirate business to reform its rock-the-boat ways and go from a free service to a paid service.

The music industry is still waging legal battles against free download sites. But the irrevocable damage has been down. Pirates have forever changed how people view the accessibility, portability, and usability of music. The music industry is facing the “PIRATE’S DILEMMA” of how to respond when an outside force finds new ways to “share information, intellectual property, and public space” that bypasses the capitalistic models of the old guard.


WHAT NOW:
Responding to the PIRATE’S DILEMMA is a dilemma for companies competing a marketplace that has been rocked by Pirate entrepreneurs. Do you steadfastly cling to how you’ve always done business and choose not to compete in the Pirate-created market? Or do you compete with the Pirates in the market they’ve rocked?

In Matt Mason’s words, do you “fight these pirates, or accept that there is some value in what they are doing, and compete with them?” That’s the dilemma facing businesses in all types of industries.

Mason believes “resistance if futile” and if you choose to ignore the Pirate-created market or choose not to adapt to the changing marketplace … you will lose. The solution to THE PIRATE’S DILEMMA, according to Mason, is to act like a Pirate by “recognizing the pirate within” and to view disrupted markets not as problems, but as opportunities.


Further Mixes:
>> THE PIRATE’S DILEMMA | website and blog
>> THE PIRATE’S DILEMMA | review
>> Matt Mason presentation| video
>> Matt Mason presentation | slides

January 14, 2008

Meatball Marketing

Post2post_2b

Paul Williams (from Idea Sandbox) has resurrected a version of the Business Blog Book Tour (BBBT) which Todd Sattersten began years ago. Paul’s version is called Post2Post and will work much like the BBBT did where an author goes on a blog junket discussing ideas from their book.

Seth Godin is first-up and Brand Autopsy is hosting day one of the Post2Post tour talking about Seth’s newest book, MEATBALL SUNDAE.

I’ve worked up three posts sharing tid-bits and such from MEATBALL SUNDAE. Have a look-see and a read-through:

1 | summary | MEATBALL SUNDAE
2 | sound-bites | MEATBALL SUNDAE
3 | silly stuff | MEATBALL SUNDAE

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summary | MEATBALL SUNDAE

from the Post2Post tour highlighting Seth Godin’s MEATBALL SUNDAE…

Remember the classic Reese’s Peanut Butter Cup commercial where two different tastes combine? It went something like this …


Meatball_script

In MEATBALL SUNDAE, Seth Godin updates this Reese’s Peanut Butter Cup commercial scenario with Old Marketing as one flavor and New Marketing as another flavor. However, unlike the chocolate and peanut butter combination, the haphazard combination of Old Marketing with New Marketing is a case where two marketing tastes DO NOT taste great together.

Seth says the flavor of Old Marketing is about “… interrupting masses of people with ads about average products.” New Marketing, according to Seth, has a flavor that “… treats every interaction, product, service, and side effect as a form of media.” Promoting products and services using a marketing mix of television commercials, print ads, and billboards is Old Marketing. While, promoting products and services using non-traditional marketing methods that invite influential customers to spread the word is New Marketing.

The problem is, as Seth sees it, Old Marketing-based companies are so anxious to embrace New Marketing ways that they end up with a MEATBALL SUNDAE—two great tastes that DO NOT taste great together.

Wal-Mart created a MEATBALL SUNDAE when they decided to combine their Old Marketing strategy of promoting low prices to the masses through traditional advertising with the New Marketing ways of social media consumer generated media. The result of this combination was THE HUB, a myspace wannabe that failed miserably.

Anheuser-Busch created a MEATBALL SUNDAE with its Bud TV marketing initiative. Eager to capitalize on viral online marketing goings-on to reach twentysomething beer drinkers, Anheuser-Busch has routed over $40-million from their television advertising marketing budget to create an online entertainment network called Bud.TV. Launched in the fall of 2006 with aspirations of becoming the next YouTube, Bud.TV has failed to catch-on and is in danger of being axed.

Wal-Mart and Anheuser-Busch are mainstays of Old Marketing. They are accustomed to accosting consumers with a blitzkrieg of mass media advertising to influence their buying behavior. Given that, are we surprised their New Marketing follies failed? The go-to-business ethos at Wal-Mart and Anheuser-Busch isn’t built for New Marketing.

Seth isn’t advocating all companies eschew Old Marketing for New Marketing. Instead, he’s saying, “Don’t use the tactics of one paradigm and the strategies of another and hope you’ll get the best of both worlds. You won’t.”

What Seth is advocating is twofold, “First, the structure of organizations needs to radically adapt to this new model. Second, products need to be designed that don’t depend on old-school advertising but instead spread on their own.”

Throughout MEATBALL SUNDAE, Seth outlines 14 New Marketing trends and showcases how enduring and emerging companies are successfully using those trends to create marketing magic and not a meatball sundae.


MORE POSTS:
1 | sound-bites | MEATBALL SUNDAE
3 | silly stuff | MEATBALL SUNDAE

sound-bites | MEATBALL SUNDAE

from the Post2Post tour highlighting Seth Godin’s MEATBALL SUNDAE…

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MORE POSTS:
1 | summary | MEATBALL SUNDAE
3 | silly stuff | MEATBALL SUNDAE

silly stuff | MEATBALL SUNDAE

from the Post2Post tour highlighting Seth Godin’s MEATBALL SUNDAE…

Sillyseth

What’s your favorite pizza topping?
SETH: I don't eat cheese. I like arugula, really good anchovies and yes, Union Square cherry tomatoes. If yuppies didn't exist, I'd have to invent them.

Have you ever had a crush on a celebrity? If so, tell all!
Well, I had a crush on Tom Peters for a while...

If you were abducted by aliens, what CD, book, and movie would you bring along for the ride?
This is usually a trick question, because you need something that's either really long and violates the spirit of the question or is repeatable. So, in that spirit, I'm going to go with Wikipedia on CD.

What’s in heavy rotation on your iPod?
I have an EP from Georgie James, then there's audio from Pema Chodron and piano from Keith Jarrett. And the Monkees, of course. I had a long long Fatboy Slim period as well.

Do you have any pets? If so, tell us about them.
Woodie the wonder dog. The usual. Oh yes, and Fisheye, who's a tarantula. Megan has a parrot named Doctor Jones.

What’s your favorite vegan dish?
All my favorite dishes are vegan. I particularly like really good brown rice with tofu and tahini and dulse and boy do I sound like a crackpot or what?

Who’s better Soulja Boy or T-Pain?
Soulja Boy has a dance for god sake! Do you have a dance? I don't.

What’s your guiltiest pleasure?
85% and up dark chocolate, plain, a square a day whether I need it or not. Scharffenberger is my home skillet.

What do you do when you chill?
Chill?

When cheese gets its picture taken, what does it say?
Don't be stupid. Nobody takes a picture of cheese.


MORE POSTS:
1 | summary | MEATBALL SUNDAE
2 | sound-bites | MEATBALL SUNDAE

December 10, 2007

2007 Brand Autopsy Marketing Book Awards

Yep, I’m an avid biz book reader and since 2003, I’ve shared with you the Brand Autopsy Marketing Books of the Year awards. (Review winners from 2003, 2004, and 2006).

2007 is no different. Below are the recipients of the Brand Autopsy 2007 Marketing Book Awards.


Business Lexicon Obfuscation Accolade
*** THE STRATEGY PARADOX *** (Michael Raynor)

After reading page 16, I gave up on this book
. I couldn’t understand the basic principles behind the book because Raynor’s reliance on using business speak gobbly-gook greatly hindered my ability understand. Academic-types might be all over this book but I, a simple-minded marketing-type, didn’t have the patience to decipher the business hieroglyphics from Raynor. Maybe you’ll fare better.
Best Marketing Advice Book
*** NO WINNER *** (empty)

Sorry y’all — no winner in this category. I searched through all my marketing-related books from 2007 and couldn’t find THE ONE that truly kicked-ass in helping me generate new marketing ideas. If you’ve read a marketing book published in 2007 that unleashed a stream of ideas within you, share that book with us in the comments section.


Surprise Book of the Year
*** WHAT WERE THEY THINKING *** (Jeffrey Pfeffer)

Jeffrey Pfeffer is an academic that doesn’t get caught up in the “Raynor Way” of using highly-flatulent words to get his message across. WHAT WERE THEY THINKING is a fast-paced, easy-to-understand book that’s laced with knowledge nuggets from a broad spectrum of business angles. Each chapter is an extended remix version of Pfeffer’s articles from Business 2.0 magazine. I’m a much smarter business thinker and doer because of this book. Click here to read some choice knowledge nuggets from the Brand Autopsy “Surprise Business Book of 2007."


Best Business Book That is Not a Book
*** THE SECRETS OF MARKET-DRIVEN LEADERS *** (Stull, Myers, Scott)

I've tired of slogging though 260-page business books hoping that somewhere within the far too repetitive pages I’ll find a few money quotes. I continue to believe most business books can be slimmed down to a svelte 25-pages without losing much. THE SECRETS OF MARKET-DRIVEN LEADERS is a super-slim 16-page manifesto that delivers more money quotes than most lengthy business books.

In this must-read manifesto, Craig Stull, Phil Myers, and David Meerman Scott share practical advice on how businesses can be more successful by being market-driven rather than being just customer-driven, competitor-driven, or sales-driven.


The Philip Kotler Vanguard Lifetime Achievement Award
*** SETH GODIN ***

Seth Godin is the author of nine international bestsellers, most recently the New York Times bestseller THE DIP. His other books include PERMISSION MARKETING, UNLEASHING THE IDEA VIRUS, PURPLE COW, FREE PRIZE INSIDE!, ALL MARKETERS ARE LIARS, and SMALL IS THE NEW BIG. He is also the founder and CEO of Squidoo and the most popular marketing blogger in the world.

That’s his short bio from the sleeve of his to-be-published book, MEATBALL SUNDAE. But I understand Seth Godin to be the author who has most influenced my worldview of marketing. It’s my pleasure to award Seth Godin with the 2007 Philip Kotler Vanguard Lifetime Achievement Award.

Past recipients of The Philip Kotler Vanguard Lifetime Achievement Award include:
Al Ries & Jack Trout (2003) ; Sergio Zyman (2004) ; Adrian Zackheim (2006).


Best Business Strategy Book
*** WAL-SMART *** (Bill Marquard)

Bill Marquard worked deep inside Wal-Mart as a strategic thought-leader. Besides his first-hand Wal-Mart experience, Bill also spent 17 years at Ernst & Young, did a stint as the EVP/Chief Knowledge Officer at Fleming, and served eight-years as an adjunct professor of finance at Northwestern’s Kellogg School of Management. (So, he has some business chops to speak of.)

Bill’s brilliant book, WAL-SMART, sheds new light on Wal-Mart’s business DNA and how companies can profit in the Wal-Mart world we live in. (For a more thorough look inside WAL-SMART, read this post and this post from the Brand Autopsy archives.)

If you are responsible for managing business activities of any retailer or any supplier/distributor, I implore you to read WAL-SMART. It’s chock-full of smart strategy musings which will help you better compete against any big dog dominant company in your competitive set.


Best Marketing Book of the Year
*** MADE TO STICK *** (Chip & Dan Heath)

MADE TO STICK is absolutely the breakthrough business book of 2007 for creatives, marketers, and anyone else responsible for communicating ideas and/or messages. (Anyone else includes writers, teachers, lawyers, salespeople, project managers, pastors, rabbis, etc.)

MADE TO STICK makes actionable the chapter on “Stickiness” from Malcolm Gladwell’s THE TIPPING POINT. The Heath Brothers have dissected the traits for what makes ideas stick and explain it so that we can shape our messages for maximum stickiness. According to the Heath Brothers, Simple Unexpected Concrete Credentialed Emotional Stories stand a better chance of sticking with people than do ideas presented in some willy-nilly, off-the-cuff way. Brilliant book. Get it. Read it. Do it.

December 07, 2007

Advice For Wannabe Authors …

If you’re reading this, chances are, you already know the importance of getting involved in all this online conversation stuff.  But it’s worth sharing this advice for wannabe authors which was first shared by Jeff Gomez in his thought-provoking book, PRINT IS DEAD

"Authors who choose not to take part in any sort of online promotion or to curry online exposure, and unwilling to do things like start a blog, post clips on YouTube, have a page on MySpace or otherwise engage in an Internet audience in any meaningful way will find themselves at an increasing disadvantage.” (p. 151)


“To begin with, they will have a harder time getting a book deal in the first place.  Publishers will be increasingly unwilling to sign authors who do not already have an Internet audience, or have no desire to do any online promotion or outreach.” (p. 151)


“For a prospective publisher, [working authors who have an active online presence] is a safer bet than signing up a first-time author who is starting to build an audience from scratch.  Blogs can offer a track record, showing that a writer can indeed connect with readers and that people are interested in his work.  For the writer without any kind of recommendation other than his manuscript, it’s going to be a much harder sell.” (p.152)


“Writers who are unskilled in the ways of the Internet, or just don’t want to play any part in the online discussion and want to write books and be left alone, will be like movie actors at the end of the silent era who were forced to have elocution lessons when talking pictures were suddenly the brand new thing.

For some, the advent of sound allowed them to shine in a way silent films never did.  Others, however — those who didn’t have good voices or couldn’t act in the way that talking pictures demanded — found themselves suddenly without a career.

Many modern day writers will find themselves in similar circumstances, unable to deal with the ramifications and changes that a new technology has brought to their art form. (pgs. 153-154)


“True, there will always be some major writers who do nothing but write, but they will be exceedingly rare and they will appeal to smaller and smaller audiences as time goes one.” (p. 154)


“New writers will have to embrace not only new techniques of online promotion and participation, but will also have to embrace the new literary forms with digital reading and delivery made possible.  Because of this, the Internet will kill as many careers as it gives birth to: for every blogger who is given a book deal, another novelist who simply wants to tell stories will be unable to get a contract. 

Cumulatively, all the changes of a digital world will transform the experience of being a writer so much that the profession may not resemble in the future what it is today.” (p. 155)


SOURCE:  Jeff Gomez | PRINT IS DEAD |  blog, website, purchase

December 05, 2007

Alex Frankel | Undercover Marketer #3

Frankel_undercoverbrother

If you are just joining us, this is the third (and final) post in a series where we are digging deep into Alex Frankel’s PUNCHING IN: The Unauthorized Adventures of a Front-Line Employee.   (You can play catch-up by reading the FIRST POST and the SECOND POST.)

Since PUNCHING IN reads more like a cultural studies book than a business book, some of us might struggle to apply Frankel’s observations in a business setting.  Mark Lasswell, deputy books editor at the Wall Street Journal, sure did struggle to find business-applications from PUNCHING INIn his review of Frankel’s book, Lasswell writes, “Mr. Frankel's observations are, of course, essentially meaningless: A few days or weeks spent in a low-level job might result in lots of impressions, but such forays simply cannot produce much informed analysis.”

While Lasswell found Frankel’s observations "meaningless," I found them anything but meaningless. I found lots of lessons business geeks like us can implement in order to better connect with employees, who in turn, will better connect with customers.  Below are five such lessons…


“UPS used that tagline [What can Brown do for you?] in everything from recruitment advertising to prime-time TV ads, reaching both internal and external audiences.  By extolling the importance of the organization to the world at large, UPS gave its employees a rallying cry, a connection to the brand, another reason to want to be part of UPS.” (PUNCHING IN, p. 12)

Business Lesson #1
A great advertising campaign can inspire employees far more than an internal memo ever could.  Frankel illustrates this with how the UPS branding campaign has impacted the employee culture at the company.  I also know from experience when front-line employees see or hear an ad campaign from the company they work for, they feel a sense of pride along with a motivation adrenaline rush.  And for an upstart company, when front-line employees see they are advertising, they feel more secure about the company they have chosen to work for.


“There was no doubt in my mind that the [UPS] uniforms we wore had a galvanizing effect on the workers. I felt a slight, almost magnetic tug when I walked by a coworker similarly dressed, even if we had never met.” (p. 27)

Business Lesson # 2
Don’t under estimate the power of a killer uniform.  Many times the uniform of front-line employees is an afterthought for businesses.  Shouldn’t be.  A uniform has the potential to jazz-up the spirits of employees or deflate them.  Don’t go the cheap route with uniforms for front-line employees … go the chic route.  Make them look good so employees can feel good when they put on their workday uniform.


“Part of what interested me about the companies that relied on front-line employees was the methods they used to decide whom to hire.” (p. 52)

“The Container Store fills its ranks with just the kind of people who would, without prodding, buy what the store sells because they love the stuff.” (p. 76)

“Interviewing and hiring at Gap was quite easy … never during Gap’s interview was my passion for Gap products evaluated.  I wasn’t convinced that this was necessary for employment, because Gap needed to hire scores of workers with the approach of the holiday season.” (p. 120)

Business Lesson #3
Don’t hire people for the ‘right now.’  Hire the right people now.  In the annual Fortune “100 Best Companies to Work For” rankings, the Container Store is a top-ten mainstay.  There’s a reason for that which goes beyond the fact they pay front-line employees very well.  The Container Store self-selects its employees.  Frankel talks about how they want to “hire only die-hard customers” to become Container Store employees.  Despite trying, Frankel wasn’t hired at the Container Store.  He failed to impress the hiring managers at the Container Store because it was obvious he lacked a passion for organizing stuff.

Gap is struggling these days from a financial perspective and a brand relevance perspective.  Hiring “anybodies” and not impassioned people certainly plays a role in Gap’s continued struggles.

Most businesses today are satisfied with hire anybody to work the front-lines.  Big mistake.  Major lost opportunity.  In lots of businesses, it’s the front-line employee that has the most contact with customers.  Yet, not enough businesses pay attention to this.  All throughout PUNCHING IN we learn the best practices and worst practices companies are following in hiring for its front-line positions.


“Forget changing the store design adding new cuts of jeans—employees like Moses were Gap’s only hope of Salvation.” (p. 135)

Business Lesson #4
Evangelical employees can perform miracles. While Frankel has few positive things to say about his work experience as the Gap, he was able to spend time with a Moses, a Gap front-line employee fanatic.  Moses is a believer in all things Gap and he brought that belief with him every time he talked with a customer and a fellow employee. 

Gap is trying lots of things to turn the company around.  They’ve tried adding a new business unit, Forth & Towne.  (It failed.)  They’ve tweaked the merchandise assortment.  (Hasn’t worked.)  And they’ve tested a new store design.  (Never made it out of test phase.) 

As Frankel says, maybe Gap should spend more of its time and money designing a better interview process than trying to design new concepts, trendier clothes, and better store layouts.   That way, the company would have more front-line employees like Moses who could, working together under the unified belief that Gap Rocks!, turn the company around from both a financial performance and brand relevance perspective.


“To attract employees, you need something to offer them, and that certain something goes under the different names of a brand, a calling, a corporate culture.” (p. 204)

“Many front-line jobs are ones that job applicants choose by matching themselves up with the company’s culture, and those companies that promote their self-selection process are often able to better serve customers. (p. 204)

“Big Jim at UPS, Moses at Gap, Zoe and L.J. at Enterprise, Erika at Starbucks, and Leon and Marco at Apple.  These were the believers who dominated their retail or service environment and had the most to teach a new recruit like me.” (p. 202)

The Business Lesson #5
Every business needs a few “Culture Key-per” employees.  These are employees that totally believe in the company and are evangelists for the company on-the-job and off-the-job.  These are the employees that, to Alex’s point, can have the greatest influence on welcoming, teaching, and inspiring new employees. 

What’s with the odd “Culture Key-per” moniker?  Back in the day at Starbucks, there were a few store managers that took it upon themselves to be the protector and promoter of the Starbucks culture.  To identify themselves as keepers of the company culture, they wore a necklace with a symbolic key.  They were the company’s “Culture Key-pers.”  Any company would be fortunate to have such dedicated and inspired employees.

*** END OF SERIES ***
read PART ONE  |  read PART TWO

December 04, 2007

Alex Frankel | Undercover Marketer #2

Frankel_undercoverbrother

We continue our conversation with Alex Frankel, marketer and author of PUNCHING IN: The Unauthorized Adventures of a Front-Line Employee.  (If you’re just joining us, read PART ONE here.)


johnmoore (jm):  One of the more interesting observations you make from your front-line worker experience is about company uniforms.  When talking about the iconic brown UPS uniform you write how the uniform had a “galvanizing effect on the workers” and that the UPS uniform was an “indicator of a special bond with the group.”  You continue by saying, “More than once on the job, I ran into delivery people from FedEx and Airborne, and I was immediately struck by how unimpressive their uniforms were and what those companies were losing in terms of image.”  Talk about the role a uniform plays in how it impacts a front-line employee’s demeanor and performance. 

Alex Frankel (AF):  Uniforms and dress codes are prevalent on the frontlines of commerce and can make the employees feel differently depending on what specific rules he or she must follow.

UPS is a great example of a uniform that I think works well. UPS drivers can rest assured that customers and members of the public think highly of them when they are in uniform. And they also have some latitude to be different than their colleagues. One driver might wear shorts, another pants. There are choices of jackets, vests, sweaters--and this allows people to express at least some individuality.

The UPS uniform also harks back to the old days, when customer service was more common. I interviewed one former UPS driver who delivered for years in the World Trade Center. He had never delivered in New York City, outside of those office towers. After 9/11 he was transferred to a new post delivering outside. He found it amazing to witness the attachment perfect strangers had for him based on his uniform.

On the flipside, strict dress codes can make employees feel alienated from their workplace. At Gap, for example, we were told to wear no jeans that had signature stitching of competitors. I for one had to leave my Levi's at home and it felt constricting to have to suddenly conform.

Starbucks had a pretty loose policy—black/white/khaki and your green apron--though the hygiene restrictions (such as no visible tattoos) seemed too harsh.


jm: You tried to get hired on at The Container Store, but didn’t.  What happened?

AF:  That was one of the more interesting episodes of my project. I was immediately impressed when I applied at The Container Store because the application featured short answers instead of multiple choice questions. There was even an open-ended question that asked us to share anything we felt worth sharing.

I was invited in for a group interview, which was held right in the middle of a store. The ten of us assembled participated in what amounted to an audition, including an exercise in which we each picked a product from the store and held forth about what we thought about it. It was quite clear from that exercise alone just who had the necessary passion for the job. For my part, I did not shine. It was great to see a creative interview process firsthand, even if I didn't make it to the next level.


jm:  From your experience, what’s the most effective way interview process that results in hiring the best, most well-suited to task employees?  Conversely, what’s the least effective way you experienced?

AF:  That experience at The Container Store won, hands down, as the best way to interview applicants and isolate the most passionate prospects. The application was human and real and allowed people to express themselves and the interview process sorted the passionate applicants from those less committed to the cause. Very few companies ask much about an applicant's interest in their product or service, though they should.

The least effective interview was also a group interview I went to at Gap. The exercises we did there had very little to do with the Gap; questions like "share with the group your favorite dessert." I dumbed down my own presentation and had an easy time landing a job.

*** END OF PART TWO ***
read PART ONE  |  read PART THREE

December 03, 2007

Alex Frankel | Undercover Marketer

Frankel_undercoverbrother

Alex Frankel is a curious marketer and writer—a dangerous, but fitting, combination.   He became curious to “know whether the strong corporate cultures that companies bragged about were really as great as advertised.”  But instead of quenching his curiosity by researching this topic from the outside-looking-in, Alex went the inside-looking-out route as a front-line employee to tell this story.

In order to tell this story from the front-line employee perspective, Alex went undercover as a UPS package-delivering employee, Enterprise Rent-a-Car insurance up-selling associate, clothes-folding Gap employee, Latte-slinging Starbucks Barista, and Apple platform-converting sales evangelist.  You can read all about his brand adventures while in the trenches in PUNCHING IN: The Unauthorized Adventures of a Front-Line Employee

We’re gonna take a three-part deep dive into Alex’s book and share insights on how the right corporate culture, expressed in the right ways, can take “anybodies” off the street and transform them into “somebodies” willingly obedient to live for the brand they work for.

Alex and I traded emails and the following is a snippet of our exchange.


johnmoore (jm):  Alex, what surprised you the most about your time as an undercover front-line employee?

Alex Frankel (AF):  I went in convinced that each of the jobs I would be doing would be soulless and the people I’d be working with would be somehow plastic, but I was wrong.  Some of the corporations I worked for don’t get it when it comes to creating an appropriate and vibrant place to work, but by and large the people I met were not robotic at all.  At every company I worked, there was always a person on staff that believed in out given enterprise and that was surprising to see.


jm:  A theme that runs thick in your book is the importance of creating a corporate culture that employees can believe in.  As a front-line employee, you write that you believed in the UPS corporate culture, but found the corporate culture at Starbucks inauthentic and forced.  You described the Starbucks approach to instilling its corporate values as “heavy-handed culture-building.”  Explain why you believed in UPS but were cynical about Starbucks.

AF:  A lot of why I believed in UPS but not so much in Starbucks had to do with me, not the companies, but this is something I did not understand at the outset of the project.

Essentially, the best of the frontline corporate cultures match the people who are hired. I am someone much more hardwired to be a good fit at UPS than at Starbucks. This is largely because I am more at home in jobs where I have a bit more autonomy from hour to hour and I like to be active, as opposed to standing behind a counter.

I found my work rhythm faster at UPS than I did at Starbucks though I must admit that my colleagues at Starbucks who were masters at making drinks on the bar were definitely in the groove.

Also, I found the mode of culture building much more fluid and bottom-up at UPS. At Starbucks I immediately encountered many documents (such as one titled The Green Apron Book) that codified the culture in a top-down manner; at UPS I felt I was learning quickly about the culture from my fellow employees not "headquarters."

{Backstory note:  The Green Apron Book (photo) that Frankel refers to is a pocket-sized booklet that has codified the Starbucks customer service culture.  Inside the booklet, Starbucks shares five core values it wants front-line employees to embody:  Be Welcoming; Be Genuine; Be Considerate; Be Knowledgeable; Be Involved.  This booklet is relatively new to Starbucks, having been introduced only a few years ago.  Learn more here, here, and here.}


jm:  What would you say is needed most for a business to establish a great corporate culture?

AF:  If you can attract customers to work for your company who arrive as fans of the company before they even start work, you are in good shape.  The Apple Store is lucky enough to have a huge group of Apple fans from whom to choose its workers, as is The Container Store. 

If you don’t have a fan base, the next best thing is to match a corporate culture as close as you can to the type of people who will end up working at your company or stores.  Enterprise Rent-A-Car is filled with hard charging achiever types and training is catered to that group specifically.


jm:   You have a lot of hot opinions about Enterprise Rent-A-Car in PUNCHING IN, especially as it relates to the training, or more appropriate, the indoctrination of new employees. What did you find most effective and most egregious about the Enterprise new employee orientation/training process?

AF:  Enterprise was the one frontline workplace in which I worked where the new hires were sent away for a week of intense off-site training. (My group of 12 lived at a hotel and took classes by day.) This was really effective and a great way to teach us everything in a condensed, focused manner. We learned about the history of the company, the ways of operating, the corporate mission, and got a good dose of indoctrination into the culture.

At the same time, because of this intense weeklong orientation, I became a cynic pretty early on. We were told over and over that this was not just an hourly job, but a career path we were commencing. I knew that for some there would be great upward mobility, but that for most of the new folks the job would be not much greater than an hourly gig and a demanding one at that. (FYI, new hires are expected to work 60 or so hours each week, getting paid hourly and overtime, but not a salary.)

*** END OF PART ONE ***
read PART TWO  |  read PART THREE

December 01, 2007

Barbara Cave Henricks is Blogging

For those wanting to get inside the mind of a top-notch business book publicist, you should peep the just-started blog from Barbara Cave Henricks.

Barbabra's publicity machine has been behind some great business best sellers and now she's sharing with us her view on the biz book world.

She has a take on Kindle, about the importance of knowing who your audience is, and about the process she goes through to select which books she'll spend time helping to turn into a best seller. All worthwhile reading for anyone interested in the business of business books.

November 21, 2007

The Business Case for Curing ALS

Approximately 30,000 people worldwide suffer from ALS (Amyotrophic Lateral Sclerosis), better known as Lou Gehrig’s disease. Each year, about 6,000 people are diagnosed with ALS. Once diagnosed, almost 50% of all ALS sufferers die within two-years and within five-years, nearly every ALS sufferer dies. There is no cure for ALS.

ALS is a neurological disease where motor neurons from the brain stop reaching one’s voluntary and involuntary muscles. When muscles no longer receive neurons, muscles cease to move and the sufferer becomes paralyzed. ALS sufferers become trapped inside a body that doesn’t respond. Eventually, ALS patients lose the ability of their involuntary muscles, namely the ability to breathe, and subsequently patients lose their life.

Augie Nieto is on a quest to find a cure for this devastating and nearly hopeless disease. As the co-founder of Life Fitness Inc., Augie helped to popularize the fitness industry. Much of the equipment you see in your local health club is from the company Augie co-founded.

For most of his adult life, Augie has embodied living a healthy, active life. But in an ironic twist of fate, Augie was diagnosed with ALS in March of 2005. At first, he wallowed in pity and attempted suicide. Then, he resolved to use his business skills to find a cure for ALS.

However, the business case for finding a cure to ALS is difficult to make. Pharmaceutical companies will invest billions of dollars every year on research to find cures for diseases. Drug companies invest these billions because they seek to get a significant return on their investment by providing medicines that the masses will buy to cure them of a disease.

Since only 6,000 new cases of ALS are diagnosed yearly and at any given time, only 30,000 people worldwide live with ALS, a very small market exists for the drug companies to earn money from a drug that cures ALS. In other words, ALS is not a profitable disease for pharmaceutical companies.

Along his quest to find a cure for ALS, Augie met a kindred spirit in Sean Scott. Sean is a television commercial director by trade but an ALS researcher by passion.

The ALS disease has profoundly impacted Seans’s life. His mother died from the disease and so have five of Sean’s grandmother’s eight children. Sean is genetically predisposed to ALS—which means he runs a much higher risk of being inflicted with the deadly disease. Because of this, Sean has dedicated his life to learning as much about ALS as possible. Despite having no medical research training, Sean read every neurological textbook he could find and became expert in ALS research. Sean also became frustrated at how non-collaborative all the ALS research findings were.

When Sean and Augie met, a friendship and life-long partnerhsip developed. They both shared the frustration of how ALS research suffered from a silo mentality where academics and researchers, being protective of their data, rarely shared their findings with one another. They also shared the belief that researchers were behaving too much like academics and not enough like healers.

Together, these two are setting forth to change the research process for finding a cure to ALS.

Sean Scott is today the president of the ALS Therapy Development Institute (ALSTDI). The ALSTDI is involved in groundbreaking ALS research, which is openly shared and not privately-kept.

And as the ALS disease marches on rendering more of Augie’s body unresponsive, he continues to work on making the business case for why and how it is profitable for drug companies to find a medical cure for ALS. Through his Augie’s Quest Foundation, he has raised millions of dollars for research into studying the disease in order to find a cure.

You can learn more about Augie’s life and his quest to find a cure for ALS in the just-published book, AUGIE’S QUEST: One Man’s Journey from Success to Significance.

I share this story with you as Thanksgiving 2007 approaches because my mother, Glenna Moore, was born this Thanksgiving day in 1936. Unfortunately, she will not be with her family to celebrate all we are thankful for. Glenna passed away as a result of the ALS disease on July 27, 2007.

I am thankful for everything my Mother taught me and gave me. She will be missed this Thanksgiving.

November 12, 2007

Who got Starbucked?


Starbucked_spine

Taylor Clark’s STARBUCKED: A Double Tall Tale of Caffeine, Commerce, and Culture is receiving lots of positive ink. The Wall Street Journal loved it. As did the San Francisco Chronicle. It’s being positioned loftily as a “Part Fast Food Nation, part Bobos in Paradise” treatise on coffee and capitalism.

Taylor’s book is interesting reading but not necessarily mandatory reading for business folk and cultural studies folk. He traces the Starbucks story well from its inception in 1971 to its impact in 2007. However, it lacks punch.

(Keep in mind, I’m very close to this story having spent my formative marketing years working at Starbucks Coffee as well as written a book about what I think makes Starbucks a successful business.)

In expected alt-weekly journalism fashion, Taylor, a former writer with Portland’s Willamette Week alt-weekly, runs down the same old story of Starbucks opportunistic and capitalist ways.

Yes, Starbucks is hyper-competitive. Yes, Starbucks seeks prime real estate locations. Yes, Starbucks could do more to support coffee farmers. Yes, Starbucks added sizzle to the experience of drinking coffee. Yes, the familiarity of Starbucks brings about opinions of homogenization. Yes, Starbucks charges an ungodly premium for its coffee drinks. Yes, Starbucks has a strong corporate culture ethos. That we know.

While I found much of Taylor’s book to cover well-trodden territory, he managed to talk with lots of former Starbucks executive heavies. And the quotes these ex-Starbucks higher-ups shared with Taylor are at times fascinating. I wasn’t expecting to read such sulliable and ego-laden quotes. Which leaves me wondering if these past Starbucks execs weren’t Starbucked.

Taylor caught Howard Behar, former big-time Starbucks exec and current Starbucks board member, with some choice comments When asked about Howard Schultz’s vision of selling espresso beverages back when relatively few people could pronounce it, much less enjoy the taste of it, Behar is quoted as saying, “Howard will always say he knew this would work, but he’s full of shit. We didn’t know how it would turn out.” (p. 53)

When the topic of Tom O’Keefe, founder of regional coffee competitor Tully’s, comes up, Behar is quoted as blurting out an emphatic, “Fuck him.”(p. 128) And when Behar talks about critics referring to the taste of Starbucks coffee as burnt, he’s quoted as saying, “What used to piss me off was when they’d say ‘Charbucks.’ That’s like walking into a gallery and saying, ‘Your art is shitty.’(p. 70)

Scott Bedbury, former Starbucks Marketing VP, provided Taylor with some choice fodder as well. In talking about the role quality espresso drinks play at Starbucks, Bedbury is quoted as saying, “To be honest, you could train a monkey to pull a double-shot. It’s just not that hard.(p.88)

Engle Saez, another former Starbucks Marketing VP, shared some candid comments about Starbucks true competitive advantage. Taylor quotes Saez as saying, “Starbucks doesn’t have a lockdown patent on the environment; it doesn’t have a lockdown patent on the experience; and it doesn’t have a lockdown patent on the bean or the roast. All of those things can be duplicated. So what it comes down to is the dominance of real estate. That’s the one area where no one can out muscle Starbucks.(p. 115)

You’ll have to read the book to take in more choice candid comments from past Starbucks players. Starbucks insiders will get a kick outta how Taylor portrays former Starbucks Real Estate head Arthur Rubinfeld. (Oh my.)

Taylor and I actually spoke some months ago when he was in the process of writing STARBUCKED. I do not recall much about the conversation we had except the writer seemed young and guarded about the angle he was taking with the book. The quotes Taylor includes in the book from me are benign. Then again, I’ve already shared lots of pointed comments about Starbucks on this blog and Taylor had many former executive-level Starbucks people eager to riff about the company they once worked for.

Kudos to Taylor Clark for getting ex-Starbucks folks to open up and share some off-brand and at times, acrimonious remarks. I’m sure some of these folks will not be pleased with how they are portrayed.

As far as STARBUCKED being a book business enthusiasts would find worthwhile, I don’t think so. Just not enough business knowledge nuggets for us business wonks to learn from. However, the cultural studies crowd might find this book somewhat worthwhile … just not near as worthwhile as Fast Food Nation or Bobos in Paradise.

November 10, 2007

UNMARKETABLE | Anne Elizabeth Moore

Unmarketable_2
"Click me," said the jpeg.

November 01, 2007

What Were They Thinking? (Jeffrey Pfeffer)

Long-time readers of this blog know I have an affinity for business books. Okay. Affinity is too loose a word. ADDICTION is more appropriate.

{Hi. I’m John Moore and I’m addicted to business books.}

Just because I’m addicted to business books doesn’t mean I enjoy every biz book I read. Too often I slog through lousy biz books hoping to mine a few knowledge nuggets. Unfortunately, most biz books fail to help me generate new ideas, nor do they give me a new perspective on a business topic. So when a business book comes along that delivers smart ideas and unique perspective, I get excited.

Jeffrey Pfeffer’s WHAT WERE THEY THINKING? – Unconventional Wisdom about Management has me excited. It’s a fast-paced book that’s laced with knowledge nuggets making me a smarter business thinker and doer.

Here are some of the knowledge nuggets Pfeffer shares that has this marketer thinking …


WHAT?: Get Smarter by Taking Small Risks

SO WHAT?: “Companies are a lot like children—none are born knowing all they need to know, and relatively few are born smart. Most acquire intelligence by learning basic tasks and skills, mastering them, and then moving on to learn more tasks.” (p. 32)

“Relatively few companies actually embrace the management practices that are required to help them get smarter (p. 33). Learning and innovation also require letting people make mistakes.” (p. 36)

“The irony is that even as companies want to become learning organizations, they don’t want to be places where people can learn new things—because that requires putting people in positions where they do tasks they don’t do very well.” (p. 36)

WHAT NOW?: “The principle is simple—learn and fail on a small scale. But that ethos requires accepting that novelty and innovation are invariably accompanied by setbacks and failures. And embracing such a way of operating requires letting people fail—maybe even encouraging them to fail.” (p. 37)


WHAT?: Working Longer Hours is a Fallacy

SO WHAT?: “Companies often make long hours sort of a loyalty test. Employees are expected to put their work and their employer first, and one way of demonstrating their commitment is by forgoing leisure and family.” (p. 69)

“Contrary to myth and much conventional wisdom, European companies can and do compete successfully in global product and service markets, even with vacation and workweek policies that put their U.S. competitors to shame.” (p. 71)

WHAT NOW?: “It’s time for the U.S. companies that have made late nights and short weekends a test of loyalty to come to terms with the myth that long hours and no vacations are good for the bottom line.” (p. 73)


WHAT?: We Overemphasize Strategy

SO WHAT?: “There I sat at yet another board meeting, listening to the chief executive drone on about sales strategy and product strategy as he pointed to slick slideware filled with analyses of potential markets and buzzwords about our competitive positioning in the design visualization software market.

Then it dawned on me—almost no one in the room, including the person talking, had actually visited a customer or, for that matter, even used the company’s product in their own work.” (p. 166)

WHAT NOW? “Instead of sitting in meetings and spending time preparing fancy PowerPoint presentations, develop your strategy adaptively, by using your company’s best thinking at the time, learning from experience, and then trying again, using what you have learned. Under almost all circumstances, fast learners are going to outperform even the most brilliant strategists who can’t adapt.” (p. 170)


Worthwhile stuff!

WHAT NOW? Well ... stop reading this and start reading Jeffrey Pfeffer’s WHAT WERE THEY THINKING?

October 08, 2007

Simple Advice for Better Presentations

While riffling through Carmine Gallo's just-published book, FIRE THEM UP, I landed upon some super-smart advice for delivering a more effective presentation. Gallo writes ...

A client once asked me, "How can I be more like Steve Job in my next presentation?"

"It's simple," I explained. "Tell your listeners why you're excited about your product, share a vivid vision of the future that your product makes possible, and be specific about how your product will help them succeed in business."

Most people hype features. Steve Jobs sells benefits. When he pitches products, it's not about him: it's about you. That is the secret behind a master showman.

Great advice.

October 06, 2007

The Rhetoric and Reality of Management

Futureofmanagement3_3

THE FUTURE OF MANAGEMENT
from Gary Hamel is a must-read for all us businesspeople.

Gary, along with the wordsmithing help of Bill Breen, writes that management innovation lags far behind the significant innovation we’ve experienced in business with product development and business model development. He presents an argument explaining how outdated management practices, and not operating or business models, is the true culprit for why businesses fail to perform.

On page 35, Hamel writes … “Today, every CEO claims to be a champion of innovation—so why the barn-sized blind spot when it comes to management innovation?” In other words, there is a gap between the rhetoric and reality of management.

Interesting premise, eh?

Hamel is a proponent of management models which empower employees to be creative, be given room to experiment with new ideas, be rewarded for successes, and be held accountable for driving the business. Whole Foods Market, W.L. Gore, and Google are highlighted in the book as businesses practicing innovative management systems.

These case study companies Hamel highlights all have developed a corporate culture where bottom-up employee-driven innovation helps to fuel the success of the business. Unfortunately, businesses have failed to develop a company culture where every employee is given an opportunity to truly impact the business.

Hamel suggests there are three obstacles for why businesses fail in creating a management culture that is innovative, evolving, and ever-effective:


#1 | Too Much Management, Too Little Freedom
“Anyone who has ever run a university, a film studio, or an open-source software project will tell you that getting the most out of people seldom means managing them more, and usually means managing them less. It means giving fewer orders, worrying less about alignment, and spending less time checking up on folks.”

#2 | Too Much Hierarchy, Too Little Community
“Hierarchies are very good at aggregating effort, at coordinating the activities of many people with widely varying roles. But they’re not very good at mobilizing effort, at inspiring people to go above and beyond.”

#3 | Too Much Exhortation, Too Little Purpose
"A moral imperative can’t be manufactured by speech writers or ginned up by consultants. It can’t be cobbled together in a two-day off-site. Rather, it must grow out of some genuine sense of mission, possibility, or outrage. A moral imperative is not something one invents to wring more out of people. To be regarded as authentic, it must be an end, not a means.”


If you enjoy chewy business fodder, I recommend reading Gary Hamel’s THE FUTURE OF MANAGEMENT. This book will probably go down as my vote for the smartest business strategy book of 2007.