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Let’s get back to business basics—not because I think you don’t know your own business, but because I honestly believe that blogging can help each core fragment of what makes up a successful and viable company. The core needs for any business are as follows:
• Decent ideas
• A great product
• Visibility
• A well-trained team of people who work hard to make the
company succeed.
You also need good marketing, great customer relations, an
awesome sales force, decent customer support, and a host of
other factors. But if you have ideas, a product worth selling, a
solid team behind it, and potential customers, the rest will follow
naturally.
CREATING GREAT IDEAS
Every company has great ideas waiting to come to the surface.
The problem with bringing those ideas to the surface is threefold:
giving ideas space to develop, helping ideas get improved, and
implementing the best ideas.
Often it takes only one person to come up with a great idea, but
it may take 100 or more people to support and implement that
idea. If the idea loses support, the company will need another great
idea to keep going. Great ideas can increase a business’s costs and
people power, but they can also increase a business’s revenue and
marketing power. This is why large companies who live or die by
their great ideas employ researchers who spend their time seeking
epiphanies.
The challenge for companies who invest in ideas is often that
the best ideas don’t get to the top, don’t get reviewed, or don’t even
get considered. This idea barrier could be killing your company.
A truly open and internally viewable idea blog, or even individual
employee blogs that allow people to float new ideas for peer review,
should allow the best ideas to rise to the surface for selection
and review.
CREATING GREAT PRODUCTS
The next challenge is deciding which great ideas get turned into
products. After all, what good is thinking up the greatest idea in
the world if your business can’t actually sell it?
Smart companies hire people who are able to turn a great idea
into a great product. These people, often called product specialists
or product managers, know customers, know the market, and know
how to deliver new products on time and on budget. However,
to do their jobs well, product specialists need to talk directly to
customers. This is where focus groups, customer demo days, and
other customer-listening techniques come into play. Some companies
even employ staff evangelists to work one-on-one with individual
customers to maintain a good relationship.
We all know cases in which even the most well-intentioned
products underperformed. Relying on a small sample of customers
to reflect what the entire world desires is risky at best, and
foolhardy at worst. If you can’t ask everyone in the world what
they want, you’re unlikely to be able to deliver what everyone truly
desires. With blogging, you can ask—if not the entire world, then
at least your entire blog readership, who are probably connected
to and/or reading other blogs from all over the planet. Once you
have insight into what a large community of readers wants, you
can begin delivering it.
INCREASING VISIBILITY
Marketing is all about visibility—making the right people aware
of the right product at the right time. Allen Weiss, founder of
MarketingProfs.com, says that marketing is about customers, and
he’s right. The hard reality, though, is that often marketing isn’t
about individual customers. Often, it’s about creating a global
message to which individual customers will respond.
New methods of effective marketing include creating “viral”
campaigns, customer-centric events, and otherwise helping customers
spread the word through incentive programs and contests.
Visibility is also sought through media reports, event sponsorship,
and interactive websites.
However, these visibility campaigns lack effectiveness on the
one-to-one level. Companies assume that millions of people will
be contacted, but only a small percentage of these people will
respond. This method of marketing has its upside, but it doesn’t
do anything to create relationships with customers, create positive
experiences, or create customer evangelists.
HAVING A GREAT TEAM
One of the best ways to build a great business is to create a great
team. Great teams will think up great ideas, build visibility, and
spot defects in products, which they will then correct. A great team
can fix just about any problem, given the right resources, and is
happy to take on just about any challenge.
Unfortunately, great teams can be difficult to create and keep
motivated. Anyone who’s built successful teams knows that more
often than not some particular “X Factor” will make or break the
team: often the ability to find common ground and common interests
can be a make-or-break issue. A team comprising colleagues
with common interests, backgrounds, or passions will be able to
rely on those commonalities, even in the most adverse circumstances.
The challenge is to find employees who fit together; few
employee profiles include information that will help you find the
common ground.
To solve this dilemma, many large corporations are turning to
self-forming and self-sustaining teams. These people have found
that they have things in common and they work well together.
Companies post internal team opportunities that “ultra teams”
can choose to tackle or ignore. Sometimes projects will be assigned
based on need, but, generally, having a team own a topic is a more
effective tactic.
The challenge for companies looking to enable these dynamic
teams is in figuring out how to enable employees to connect
based on passion. Passion is an important part of any successful
team—without passion, a team will not only find itself quickly in
a rut, but it will likely find its members unable to gel, have fun, or
help the company in a meaningful way. |