Strategy
1,155 posts
No Business Is In A Market Of One
When dance partners compete they know the other couples are there on the dance floor with them, but they never focus on what the competition is doing. Instead they relentlessly hone each move and perform it for the audience as if it were their only chance to dance the dance. They don’t allow the fac
The First And Last Question Your Customers Subconsciously Ask
And the one you must spend a great deal of your time answering…. Why should I care? Why should I care about your new app? Why should I care that your innovation pioneers the latest technology? Why should I care about your fundraising campaign and not that one? Why should I care about the time…
Stop Selling Stuff, Start Selling Stories
David is a genius who happens to sell for a living. I watched him sell a $150 pair of Ugg boots to a woman who had been killing time wandering through his souvenir shop with no big agenda one wet Friday afternoon. He began, not as many salespeople would, by asking what she was looking…
The Value Of Asking What If
Have you ever been stuck waiting outside your hotel room while it was given the daily once over? It turns out that for some guests housekeeping can feel like more of an intrusion than a service. On average it costs a hotel $22 a day to deliver housekeeping services for each room. That figure probabl
The Economics Of Attention
Attention is either earned or paid for. Whether you pay for advertising or not you still buy your audience’s attention every day. You may not pay in dollars and cents, but either way there is a cost attached to getting people to notice or engage. The cost of paid attention (in the form of TV…
How To Hit Your Target
When an archer aims she doesn’t keep her eye on the target. She knows the target is there, but she sees it vaguely, or sometimes not at all. The point of aim is always closer than the target. Hitting the target is determined by how she aims, not by the fact that she’s shooting for…
Why Not Go First?
An article about successful disruptive businesses like Warby Parker or Square spreads like wildfire through social media channels and whole libraries could be filled with stories about what makes Apple unique. It’s natural to want to learn from the successes of others and to wonder how we can borrow
Whoever Gets Closest To Their Customer Wins
Let’s consider how the business world has been turned on its head in less than a decade. We only need to think about fourteen brands in order to understand the shift. APPLE vs. SONY. AMAZON vs. BORDERS. NETFLIX vs. BLOCKBUSTER. AIRBNB vs. HILTON. UBER vs. CABS. NEST vs. HONEYWELL. TWITTER vs. NEWS C
Life After Launch Day—Introducing The One Page Marketing Plan
It’s not hard to remember the lead up to the birth of your first child. Forty weeks of sheer focus on everything from what cheese to eat—or not to eat, to a birth plan that read like a military operation. I always found it odd that there was a ten-point plan for every eventuality during…
What’s More Important Than Building Awareness?
Ask any business owner what their most pressing problem is and ‘building awareness’ is sure to be on the list. Maybe it’s on your list too? In a world where it’s harder to get attention, gaining mind share is a priority for everyone. We think that if we can just get a few more people…
Don’t Make Marketing Your Enemy
I often have conversations with people that start something like this: “I love my work (product, service, designs, vocation and so on), but I hate marketing. People who create often worry if they spend too much time marketing, that there will be no time left to do the work they care about—which they
Tapping Into Empathy
Wherever you are right now stop what you’re doing and listen to the people and the conversations going on all around you. I’ve been working in public places a lot recently and here’s what I’ve found. Nobody is listening to anybody—not really. They’re pretending to listen while they wait for their tu
The Truth About Winning
There is no such thing as something for everyone. More is not a shortcut to mattering. You don’t need the most customers. You don’t have to get all of the people to pick you. You don’t need to win all of the hearts. Image by ChrisJL.
Relevance Is The New Remarkable
I will never see the taxi driver who picked me up from JFK again. He doesn’t have to worry that he tried to overcharge me and he doesn’t care if it’s me, or one of a hundred other visitors in the back seat tomorrow. Uber, on the other hand, knows when I last booked a…
Empathy Is The Killer App
One of the reasons that upstart companies like GoPro have been able to steel a march on their much better resourced competitors like Sony, has been their ability and efforts to develop products for their customers by truly understanding who those customers are and what they want. It’s not possible t
Who Decides What Wins?
The app developer will spend hundreds of man hours writing lines of perfect code in the hope of making his final product the best in the world. The cafe owner could pull thousands of shots in order to create the perfect cup every time. The entrepreneur might invest months agonising over design decis
How To Write Your Mission Statement And 20 Great Mission Statements To Inspire You
Have you ever noticed how we tie ourselves up in knots and overcomplicate things when we put our business hats on? Your mission statement doesn’t need to be long and complex, it’s simply a promise—your statement of intention. A mission statement needs to clarify the answers to the following two ques
Marketing Is About Giving Your Customers A Story To Tell
We’ve been stuck in a time warp for the past fifty years with a marketing model designed to sell things to our grandparents. A model that’s kept media buyers in jobs and many media outlets afloat. Marketing used to be what we told our customers to believe about us. What matters more now is how…
Where Wile E. Coyote Went Wrong
Do you remember those old cartoons where Wile E. Coyote is so focused on outsmarting The Road Runner that he inevitably ends up getting in his own way? He spends so much time and energy trying to be one step ahead of the bird that he forgets what his end goal was. It’s easy (and…
How Disruptive Innovations Happen At The Edges
Think of any business that’s succeeded over the past two decades and especially the upstarts that have left incumbent brands on the back foot. Kodak vs. Instagram, Sony vs. Go Pro, Hilton vs. Airbnb, cab companies vs. Uber, banks vs. Paypal, Borders vs Amazon, Blockbuster vs. Netflix, Chubb vs. Cana
