Customer Intimacy And Empathy Are Keys to Innovation

“Above
all, we know that an entrepreneurial strategy has more chance of
success the more it starts with the users – their utilities, their
values, their realities … the test of an innovation is always what it
does for the user…it is by no means hunch or gamble. But it is also
not precisely science. Rather, it is judgment.” – Peter Drucker,
Innovation and Entrepreneurship

Just because a company is
spending money on research (such as markets, customers, or new
technologies) and development doesn’t mean they will get innovation.
Innovation, as with advertising, training, or many other organization
investments, depends on the quality of the investment as much as the
quantity of resources put in it. A high proportion of innovative new
products, services, and companies flop. That’s often because managers
build better mousetraps without first making sure there are any mice out
there. Or that people still want to catch them.

Many innovations
come from a deeper level of customer and market understanding. They go
beyond what current customers say they need. They solve problems that
customers either don’t realize they have or didn’t know could be solved.
These innovations create needs and performance gaps only once customers
start using them and get turned on to the possibilities.

Every
product and service we now take for granted was once silly, interesting,
or just an odd curiosity. What would we have said to a market
researcher asking about a video machine for our TV when there were few
movies to rent? How about CD players when there were no CDs to buy? What
about a bankcard to withdraw cash from an ATM? How about a personal
computer? In the fifties, how highly would we have rated the need for
jet planes when our business was conducted within a few hundred-mile
radius of our office?

These are a few examples of the thousands of
innovations that customer or market research and competitive
benchmarking would never have identified a need for. The companies who
pioneered these sorts of innovative breakthroughs had years of
spectacular revenue growth and market leadership.

Walking in Our Customer’s Shoes

“The
need for innovation on an unprecedented scale is a given. The question
is how. It seems that giving the market free rein, inside and outside
the firm, is the best – perhaps the only – satisfactory answer.” – Tom
Peters, Liberation Management: Necessary Disorganization for the
Nanosecond Nineties

Innovation is a hands-on issue. It calls
for an intimate understanding of our current customers and markets,
potential new customers or markets, team and organization competencies
and improvement opportunities, vision, values, and mission. We can’t
develop that intimacy from a distance. Studies, reports, surveys,
graphs, and measurements wouldn’t do it.

Effective innovation
depends on disciplined management systems and processes. But it starts
with people. People searching for creative ways to do things better,
different, or more effectively. People trying to understand how other
people use, or could use, the products or services their organization
could produce. That makes innovation a leadership issue.

Beyond
the management tools of surveys, focus groups, and the like, innovation
leaders find a multitude of ways to live in their customers’ world.
They’re learning how to learn from the market, not just market research.
Innovation leaders look for ways to align the organization’s product
and service development competencies with latent or unexpressed market
and customer needs. Since customers don’t know what’s possible, they
often can’t identify innovations that break with familiar patterns.

At
the other extreme, leaders recognize that their organizations are
constantly in danger of developing products and services with little or
no market appeal. So many new (or extended) products and services come
from empathic innovation. These are innovations that flow from a deep
empathy and understanding of the intended customers’ problems and
aspirations.

Through living in and empathizing with their
customers’ world, innovation leaders focus their organization’s
development capabilities on solving problems or meeting needs that
customers may not realize could be done.

As my first consulting
company, The Achieve Group, was working with current and prospective
Clients to move beyond the training field to organization improvement,
we stumbled across the need for senior management education, strategy
formulation, and implementation planning sessions. This came from
working closely with Clients struggling to get people in their
organization trained and using new approaches to customer service,
quality improvement, and teams. It became clear that how the senior
management group pulled everything together and led the effort was the
key stumbling block or stepping stone to the whole effort. After
experiments, pilots, and few failures, Achieve’s highly successful
executive retreat process evolved and developed to meet a need no one
had anticipated.

Maid Agency in Manila – Bisoir Employment Agency

Does the task of looking for a reliable house employee bring you so much stress? If yes, then you are not alone. Try flipping the classified ads section of a newspaper or searching the Internet and you’ll be faced with a hundred hits. It is true that there are endless choices when it comes to agencies that claim to provide professional workers but how will you know if what you’ll pay for is not an agency that’s only good in making promises?

Bisoir Employment Services is a government-recognized agency that takes pride in its stain-free reputation when it comes to supplying dutiful maids, babysitters, gardeners, guards, nurses, cooks, and a lot more. Their employees are known for displaying excellent working skills that are paired with likeable character. r.

Your security and safety is also the utmost priority of Bisoir Employment Agency that is why they conduct meticulous background check before accepting an aspiring applicant. Moreover, they ensure that their employees are trained to become flexible in handling stressful situations that may arise if ever you are not present.

The handlers of the agency understand that your need is urgent so they will provide an employee that meets your standards as soon as possible. If ever you are not happy and satisfied with his or her work, don’t worry for you’re not doomed forever. Before signing a contract with the agency, they will give you a trial period in which you can assess the employee.

Bisoir Employment Agency only charge a small and flexible amount for your need. Since they have lots of competitors, they aim to stand out by collecting constructive feedbacks from pleased customers. They will be more than welcome to respond to your queries so don’t hesitate to ring them at 4386680 and 4372213. For a more comprehensive list of their services, you may also visit their website at http://bisoiremploymentagency.blogspot.com/.

Are you tired and sick of doing your household chores while taking good care of your baby? If you have just gave birth then you might as well need someone to help you take good care of your baby while and to do some of the household tasks. The problem however is finding someone to do these jobs for you. It is true that it is very hard to find someone who is not only skilled but professional maid as well. You just call their landline number and you can get what you want. What is good about getting household help is that you can be able to do your regular job which means that you can earn more and be able to support your family. The salary of house helpers provided by this company is within your budget. So if you badly need the service of this company you just visit their site or call their office.

No one can argue that in this day and age, seeking skilled and reliable employees can be a daunting and tiring task. Some prospects may meet your skills but do not display the entailed honesty and dedication. In some cases, you might also feel scared and traumatized because of some bad things which former employees gave you. Fortunately, there’s no need to freak out because service provider agencies exist to help you.

Bisoir Employment Company only charge a tiny and flexible sum for your will need. Given that they have plenty of competition, they purpose to stand out by gathering constructive feedbacks from happy customers. They will be more than welcome to reply to your queries so really don’t hesitate to ring them at 4386680 and 4372213. For a far more thorough listing of their providers, you might also pay a visit to their site at http://bisoiremploymentagency.blogspot.com/.

bisoir employement

Industry Consolidates As Vitalife Joins The Trump Network

VitaLife Networks a Florida based nutritional network marketing company, with independent marketers in all 50 states, joins with The Trump Network (TTN) . VitaLife members currently market a full line of nutritional products; making them ideal candidates to market The Trump Networks unique line of wellness based products and services.

We studied our product mix and our marketplace, our business opportunity and compensation, and especially the systems needed; not only to attract new marketers, but also the systems required to develop the individual and give them the best opportunity to be successful. Once we identified what we needed, it became obvious that there was one company, and only one, that already had the values, systems and sustainable infrastructure in placeThe Trump Network.

The Trump Network was a perfect match for VitaLife.

VitaLife is passionate about the Wellness Revolution and has provided and marketed high quality nutritional products since its inception. By transitioning to The Trump Network, the VitaLife Marketers will be equipped with the very best products, training, tools, and systems the industry has to offer.

Barry and Luronda Joye, the Leaders of the VitaLife Marketing Community are excited, confident, and ready to build. “All the things it takes to create a sustainable and profitable business converge here and we are grateful and thrilled to take advantage of The Trump Network’s incredible programs.”

1.TTNs Custom Essentials(R) delivers personalized nutritional supplementation based on the individuals biochemistryproviding a competitive edge.
2.TTNs Silhouette Solution(R) provides access to the lucrative $50 billion weight loss industry.
3.TTNs compensation system provides aggressive short term income and long term wealth building.
4.TTNs systems and technology provides the framework and support to grow and maintain the business, and provide personal development for its members.

The Trump Name provides instant recognition and credibility which allows our members to recruit much faster and maintain much longer.
We looked at everything in our market when choosing the best fit for our community, says Jim Fulford. We came to the same conclusion that Trump did when he selected Ideal Health to become The Trump Network.

They have the right product mix, are in the right markets, and have an entrepreneurial leadership team committed to building a multi-billion dollar company. And now with The Trump Network name, we believe they are perfectly poised to dominate the industry. Everyone at VitaLife is excited about this new opportunity. Our team will play an integral role as we build a bright future at The Trump Network.

We are thrilled to have the members of VitaLife join The Trump Network team. We work hard to provide the products, training, and support needed to help our Marketers compete in the marketplace. We look forward to helping each member of VitaLife get off to a fast start, said Lou DeCaprio, President, The Trump Network. We believe in the VitaLife corporate leadership team and I look forward to meeting the rest of the Vitalife members during our many conference calls and as I travel the country to share The Trump Network story.

The VitaLife team is now operating as Trump Marketers as the Diamond Success Partners Team. To learn more about the Diamond Success Partners team, visit www.dsptn.com.

Starting A Retail Business Retail Key Performance Indicators (kpi) Maximise Sales

Starting a retail business means youre excited. Did you know by adopting Best Practice Retail Sales Performance Standards you can immediately increase your sales and profit expectations by as much as 30%!

Why because achieving sales objectives is more than just about whats on your shelves and what your store looks like its about having a customer focused mentality driven by key performance indicators (KPI) to inform staff at every level about the condition of the playing field.

Complicated? Not at all. Retail Sales Performance is just like Sports Coaching. How would sports coaches know how to focus their athletes without statistics? How would racing car managers know how to fine tune their engines and performance its all about statistics. When last did you watch a game on TV without them? They tell us about trends, behaviors, opportunities to increase performance, and they forecast the short to medium term future enabling us to understand why and where we are heading.

Statistical measurement of fundamental sales performance drivers for any retailer is a prime need. With all manner of spreadsheets, POS systems reports, Dashboards and Scorecards, we use Key Performance Indicators (KPI) to communicate the strategy of the shareholders to the individuals in the company and we employ feedback systems to report the results. It is common practice to compare what we have forecast with what has actually taken place statistically so we can make judgments, changes and plans.

It is important to recognise that the standard (senior level) business indicators such as profit margin and wage costs do not drive bottom line sales on the shop floor. You cannot walk up to a Salesperson and say We did 80% of budgeted sales please increase your performance. Thats like the manager of a football team saying to a player We lost the past few games you have to do better. To the salesperson or player the information is useless they cannot see a clear reason for their under performance.

What sports coaches do is take the Team Managers expectations (of winning) and filter them down to each individual player on the team so each player can win for them (and the team). The coach measures performance of a few highly enlightening KPIs that tells the players exactly in which areas to improve. In soccer it may be recording the number of times a player touched the ball, or number of attempts at goal. In baseball the coach could track number of players on 3rd base or number of strike outs etc.

It is common practice in retail to employ only five (5) KPIs to track individual performance and deliver the on-target information for coaching purposes more than five and the reporting system is too complex, confusing, and ambiguous. The five KPIs for retailers are:

Sales per hour – a statistic tells us about the speed at which each individual salesperson is selling or attending to customers compared to everyone else on the shift.

Average Sale the average selling price of each individual salesperson compared to everyone else on the shift higher averages show a greater knowledge of product as the salesperson is able to sell higher ticket items. Low statistics reveal the salesperson lacks skill in either product knowledge or effective probing.

Items Per Sale tells us about the ability of the salesperson to add-on to a sale.

Conversion Rate tracks how many visitors to the store are turned into customers.

Wage to Sales Ratio compares a salespersons hourly wages to hourly sales. This KPI identifies your clear performers and underperformers and their value to you.

The most common reason retailers do not track the five vital KPIs at a staff (team player) level, is their inability to easily and quickly, record and calculate data, to create meaningful reports. After all, one needs to track hours worked, set goals, track planned versus actual performance, and somehow level the playing field for all Salespeople. It can be a lot of work.

In a sports match the playing field is level at all times because everyone is simultaneously on the field. In a retail environment some salespeople will work during fast periods and others during slow periods of the day. A salesperson working during the lunch hours should be expected to sell more than a salesperson working early morning or late afternoon. So any realistic reporting system is going to have to weight individual sales targets otherwise the data becomes ambiguous.

Critical to any Retail Sales Management Solution is the ability to determine the most deficient statistic of the five KPIs because it is logically understood that improving the worst KPI first will have the greatest increase in sales and staff motivation.

Imagine if you had a really simple to use Staff Roster (time and attendance software) that automatically assigned individual, weighted, sales targets to each salesperson, based on when they were working then integrated with your POS (point of sale) terminal to instantly calculate the five (5) key performance indicators, and figure out the most deficient KPI – on demand! What if that software went further by having integrated sales behavior coaching tips built right into the system?

Playing the retail sales game to win means knowing why you are losing and how to go about fixing problem behavior areas. It’s easier to improve retail sales skills than it is to re-stock a new product or brand.

To win in retail, measure the five principal KPIs using an affordable solution and put Best Practice in place for your fast track to success.

Good luck with your brand new store!

Document Shredding, A Wise Business Strategy

The stakes are always high when you’re in business. Aside from the constant need to dominate your competitors, you’re also prone to a lot of stress and hassles in the working environment. Time counts, and one can’t afford to waste a single minute. Even a simple task such as document shredding tends to consume the productivity of an employee.

Whether you’re part of a business conglomerate or a simple franchise, you’re going to encounter sensitive information vital to the business. Confidential data tend to accumulate over time, and in order to not encounter problems in the future, these data need to be kept under lock and key or completely destroyed.

Most business owners find it wise to outsource paper shredding services from other companies. Although storing documents is good, it doesn’t give business moguls the assurance that they’ll be kept safe from rivals. Sensitive business information can cause serious threats as well as damage to the business if it gets in the wrong hands. Opting for shredding services will assure businesses that there will be no traces of sensitive company information spreading about, and it also gives them the following benefits:

Security

This is the ultimate benefit of having a shredding service. Data management agencies assure clients that there will be no vital pieces of information breaching across competitors or nosy people. In addition, shredding also reduces the business’ risk of falling victim to identity theft, and mishandling money due to unnecessary document storage costs.

Cost-efficient

Clients are assured that data management agencies such as Los Angeles shredding service providers aren’t costly. In fact, it’s very affordable – even a small franchise business can obtain hire them. Shredding agencies use superior facilities to help them with the shredding process; these machines are so modern that it only requires very little time to shred large amounts of documents. There’s no need for the business to hire a regular staff member to perform the job.

Efficiency

The minutes spent on shredding could’ve been used for performing a productive task resulting to profit. Efficiency is what Los Angeles shredding agencies are always aiming for. Shredding of vital documents can be done in minutes when a professional handles the job instead of the employee, making the business more productive.

Save on Storage Space

Stored documents tend to eat office space. It’s best to get rid of them by obtaining Los Angeles shredding services since office rents have escalated. Businesses these days can’t afford to waste a single space for storing documents. Visit theshreddingservices.com for more information.