Posts Tagged ‘value’
The Responsive Vs. Reactive Business Conundrum
Every sustainable business was built in response to an unmet need. These responsive businesses endure because they evolve with the customer they intended to serve. The likes of fidget spinner manufacturers don’t count. You can rattle off a dozen responsive companies that have launched in the past two decades, particularly in the digital space. Brands…
Read MoreYou Can’t Mimic Your Way To Success
The Louvre is the most visited art museum in the world. It welcomes more than seven million visitors each year. Six million of those visitors are there to see the world’s most famous work of art, the Mona Lisa. An estimated 16,000 visitors a day jostle in front of the 77 cm x 53 cm…
Read MoreA Simple Way To Think About The Value You Create
When it comes to communicating our value, we begin by describing the features and benefits of what we make, serve or sell. That’s why we often end up with a laundry list of claims that our competitors could make. There is an alternative. Flip this thinking on its head and reflect on what would happen…
Read MoreThe Exponential Value Of Being More Human
Everyone was surprised to hear the longer than usual customer service announcement as we were preparing to land in Los Angeles. Many people on board were catching connecting flights to different cities in Australia, and there’s always a little anxiety amongst passengers who are trying to make those connections. The typical announcement informs passengers to…
Read MoreThe Two Questions At The Heart Of Great Marketing
The kind of marketing we practice is a result of what we’re most curious to know about our customers. Many marketing campaigns are created by asking the following questions: A. What will they buy? B. How can we get them to buy? The resulting tactics become about near-term targets, buying more attention and competing on…
Read MoreWe Are The Culture
Culture is all around us. Our shared values and beliefs are palpable in the places we visit and the people we meet. We absorb those values from the media we consume and the ideas we expose ourselves to. One of the best ways I know to witness how we can shape our culture is to…
Read MoreA Tale Of Two Managers
My local bank manager, at the branch five minutes walk from my home, works hard to help customers navigate the bank’s new automated systems and services. He’s on hand to show everyone depositing cash how to bypass a teller and make a deposit using the machine in the foyer. The bank manager at the branch…
Read MoreHow Matters
The woman clearing tables in the Qantas airport lounge is almost invisible to the many preoccupied travellers she cleans up after. People are anxious to charge their devices, grab a bite to eat and catch their flights. The lounge attendant scrapes plates of half-eaten food and piles them on a trolley to take back to…
Read MoreThe Power Of Scarcity
Demand for anything is always greater when supply is limited. People want what they can’t have, and so scarcity creates value. Scarcity is not just about managing the availability of resources and limiting supply—it can be the foundation of a successful business model. When Howard Schultz expanded Starbucks, he knew that it was the feeling…
Read MoreThe Number That Matters
Every so often I look at the list of readers who have subscribed to my blog but have stopped opening the emails they signed up to receive. When I see that they’re no longer interested, I unsubscribe them. I’ve personally done this almost 10,000 times over the past seven years. It’s harder than you think…
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