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21st Century Marketing Strategy & Sales Execution: Change...

Posted by Teicko Huber on Fri, Oct 31, 2008 @ 01:16 PM
  
  
  
  

9:53 AM

So there are no easy answers to today’s economic problems. With that said there are a myriad of ways out of the problem and opportunities to grow. This post is about the importance of having a business that is able to re-think, re-engineer and re-tool so you can increase sales in an economic downturn.

It’s an awesome sunny day and I hop in my old car (it’s a 2005) and fly off to the Apple Store to pick up a new case for my laptop. I arrive at the mall seven minutes early. It’s 9:53AM and there are about 10 people milling around the door, 2 men and the rest were women.

As I walked up you could tell a few of the folks were hurried. I on the other hand I was content that I had arrived seven minutes early and welcomed the short break from the hustle and bustle of being a business owner, husband and proud papa of 3 girls.

My attention turned to the three women who found a common bond in their iPhone. Being the proud papa of two iPhones, one MacBook, one MacBook Pro, one iMac and and a Mac Mini; it pains me to make the following admission; they were all having trouble with their iPhones. Here is the punch line of this blog. Two of the three women had the new 3G and the other one had the first version that she sheepishly referred to as the “old one”.

Get out! Since when did one year become the end of a product life cycle? All the businesses I consult for are still using flyers that are 5 years or more old and the product mix has changed so little that they can actually pull this off. Other than the printed materials being dated, their products or services have changed very little.

So what am I trying to say, change, change fast, change often or die. There is a reason Google has nearly three times the number of searches when compared to Yahoo who is second; Apple maintains 70% market-share of the iPod market and commands more profit per machine than any other computer manufacturer. Moreover, if you look at any other organization or individual that is number one, change and evolution is part of their DNA. Tiger Woods is clearly the best golfer, when he walks off the course, he shifts his attention from competition to figuring out how he can be better.

Exercise Room:

If clients lined up at your door from one year ago:
1.) Would they see any improvements in your service or product offering?
2.) Are there any product or service changes in your product or service pipeline that could be rolled out within a year?
3.) Do you have the mechanisms or individuals within your team that can drive change that positively affects sales results?

Call us to ask how we can help and check out Bob Kriegel to learn more about the importance of being change ready.

Focus To Grow HERE’S WHAT CEO’s...SEE AFTER USING US (HINT: 10x their investment):
  • We have experience revamping 100's of companies.  We see PATTERNS.  This means instead of a long review process, we have a short review of your company...and then jump straight to work.  This means it’s cheaper AND faster AND we know what we’re doing. Pay as you go.  If we don’t return your investment, cancel at any time with no strings attached.

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COMMENTS

I happened upon your blog while looking for the very oatmeal supplier you so detest from Caribou. I have to say, Caribou has done this right as it is real, substantial, and not all mush as you find at Starbucks or McDonalds. 
 
 
 
I have to assume that your Caribou diatribe is rooted in a poor service experience... I would chalk that up to a bad franchise.. Not a bad company/product. To say Starbucks is a better experience based on the volume of stores is nonsense. Ask anyone who has had the coffee at both of these establishments and I would bet Caribou would prevail in any true coffee drinkers mind. They offer a premium product that tastes better than their competition.. It's the reason I go there and the reason Starbucks is closing hundreds of under performing stores.  
 
 
 
Now... In reference to your change, change fast, change often line. This sounds like 1990's retread from Fast Company magazine. Google is the number one search engine because it's simple...easy to use.. and it works well... Come to think of it.. I haven't seen the main page of Google change in a couple years.  
 
 
 
Change can be good, but most companies need to focus on improving their internal processes (quality) and their customer service to remain in the lead... As we saw in 2008, not all "change" is good for the sake of change.

posted @ Wednesday, January 12, 2011 3:19 PM by Phillip Dansen


@Phillip. 
 
Good insights and you may have inspired to me to write my next blog post to follow up on this. 
 
Shortly before I wrote my blog post, Caribou Coffee was under new leadership and I would have to say the they demonstrate how profound of an impact strong leadership makes.  
 
One of my favorite changes is the authentic, real chocolate hot chocolates they make. I'm amazed at how much they've turned things around in such a short period of time. Bravo! 
 
With a smile on my face, I have to make a few more comments. 
 
I don't like coffee, and I pick coffee shops based on internet access, location and who has the best chai tea or loose leaf tea. 
 
You missed the point about Starbucks. My point was the innovations like via or something like that should be coming from Caribou Coffee because they are smaller the ability to change, adapt and or lead with quality should be in their favor.  
 
I can't speculate as to why Starbucks is closing stores or the sole reason Google is because their search engine is simpler. 
 
All I know is the Caribou was way cooler when it was private, it went public and sucked(look at their stock historic stock performance) then new leadership came in and now I say they are on the rise(see their improved stock performance).  
 
Which really proves my point, that small companies(Mkt. Cap of $203M vs. $24B) have a chance to be remarkable innovators, which can prove to be far more challenging for the big companies. 
 
I look forward to seeing the turn around of Caribou as well as better chai tea.

posted @ Wednesday, January 12, 2011 5:42 PM by Teicko Huber


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