Archive for the 'E-Business' Category

Increase Your Brand Awareness Via Partnerships

Friday, October 17th, 2008

Strategic partnerships can create unique branding opportunities for your company, which may help open up new market opportunities for your products and services.

To strategically position your “brand” to a higher level of market recognition, use this worksheet to identify related companies, products or services that you you may be able to partner with. These are your core strategic partner prospects.

10 Useful Definitions for Effective Change Management

Tuesday, October 14th, 2008

Did you know that successful communication is consistently cited as a critical factor for affecting successful change? The right amount of timely, meaningful and consistent communication–targeted to key stakeholders–increases understanding, adoption and commitment from those who are involved. To reach that level of buy-in, it’s important for organizational leaders to have a solid understanding of stakeholder awareness, attitudes and beliefs, expectations, readiness and openness to change–followed by communication that resonates with their needs and concerns.

Most companies want change implemented with the least resistance and with the most buy-in as possible, so communication is critical. For this to occur, change must be applied using a planned approach that addresses all relevant constituents so that conversion from one type of behavior to another organization-wide will be as smooth as possible .

According to Kathy Stershic, president of Dialog Research & Communications, a San Francisco Bay Area change management communications firm, successful change management initiatives that her company has been involved with help to “bridge the gap between where companies are and where they need to be.”

A change management project on the right track can answer challenging questions such as:

  • Do employees understand the strategic changes in your organization?
  • Is the business imperative behind key change clear, credible and accepted?
  • Are communications properly mapped to your organizational objectives?
  • Is your organization ready and aligned to support your strategy?
  • Is the message from Leadership really being heard and understood?

Stershic says that to achieve the required outcomes, it’s important to take the time to assess a company’s business requirements, bring focus to key business questions relevant to the situation, gather intelligent information, cull out key issues and insights, and then assimilate the learnings into actionable plans that address the need – whether it’s to fix a problem or to exploit an opportunity.

Here are ten useful change management definitions:

  1. Stakeholder – A person who directly or indirectly affects or can be affected by a change, in a supportive or an obstructive way. In organizational change situations, stakeholders can be a directly affected team, adjacent teams, partners, supply chain members or even customers.
  2. Change Sponsor – The person accountable for driving the change or business initiative down through their business organization. The Change Sponsor creates the vision for the end state, commits budget, resources and the time needed to remove obstacles to the project’s success. S/he determines policies/procedures that will impact the business and key stakeholders, champions the business case for change and supports the Change Agent(s). May also be called the Executive Sponsor.
  3. Change Agent – A person, usually one of several, who is responsible for making change happen. A change agent helps specific stakeholders through the change process, understanding their needs and concerns, relating the impact of the change to the stakeholders, communicating benefits and the value proposition, diagnosing problems and helping resolve issues. May also be called Change Champion.
  4. Alignment – Ensuring that competing priorities are managed to have the right focus on the change project, and that there are consequences for non-compliance. Alignment yields a common vision and direction for a change, and drives prioritization, accountability and adoption of a new end state.
  5. Change Capacity – An organization’s collective ability to accept and incorporate change. Change capacity can be increased, by increasing people’s understanding of a change and its various impacts, their commitment to it, their ability to implement it, and providing the correct infrastructure to execute change.
  6. Commitment – The state where individuals acknowledge and internalize that they share responsibility for the success or failure of a project or requirement, and they take ownership and initiative to improve processes, tools or team morale to make it happen.
  7. Change Overload – The condition of an individual or group reaching a point of diminished performance or lost effectiveness resulting from a disruptive organizational change. This may be caused by work overload, time pressures, competing priorities, loss of security and confidence, uncertainty about the future and/or the need to learn new skills.
  8. Resilience – An individual’s ability to deal effectively with pressure, recover quickly from setbacks, and remain optimistic and persistent under adversity. A person can remain resilient during a limited time period of disruptive change, but this is not sustainable unless there is ultimately a balance between personal and work demands.
  9. Workforce Readiness – Employees’ degree of openness to acceptance of a change. This is based upon their knowledge and understanding of a change initiative, their expectations about it, and the preparedness of the people and infrastructure required to successfully execute on a new end state.
  10. Communication – An interactive dialog between two or more parties; an exchange of ideas or opinions– not one-directional information push. Timely communication increases commitment and adoption rates by providing the ‘why’, ‘what’, and ‘how’ of the change – to the right people at the right time, over the duration of the change, and includes feedback loops to determine effectiveness and needed adjustments.

Dialog Research & Communications helps business leaders communicate effectively through change—blending senior business expertise with Fortune 500-proven tools for objective Stakeholder Assessment, Communications Planning and Implementation, Workforce Readiness and Change Leader Assessment. Partial client list includes Adobe, Cisco, Oracle, PeopleSoft, Red Hat, Sun Microsystems, Ford Credit and Xerox.

Contact Information:
www.dialogrc.com
kathy@kstershic.com

The Art of Negotiation: Preparation Makes Perfect

Saturday, October 11th, 2008

It’s been said that preparation is perhaps the single most important part of successful negotiations. To that end, here are three PDF worksheets to help make your next negotiation your most successful yet:

  1. Successful negotiating tips
  2. Negotiation preparation worksheet
  3. Your personal negotiation checklist

Five Key Components to Webifying an Organization

Friday, October 3rd, 2008

In their 1993 editorial essay “Where are the Theories for the New Organizational Forms?,” R.L. Daft and A.Y. Lewin forewarned us about technology’s impact on the corporation when they wrote “Computer-mediated communication technology is becoming the backbone of many organizations, supplanting the formal hierarchical structure to achieve coordination and manage relationships within and between organizations.”1  These writers were speaking to the impact technology has had on businesses prior to the pervasive adoption of the Internet.  The Web further compounds the complexities of these new organizational dynamics.

Many businesses will face an uphill battle in their attempt to alter the status quo.  That’s because existing organizations are stitched together like fine tapestries –– every piece of thread is unique, yet each holds its place in relation to the whole.  If a thread were to come loose, there is a real threat that the fabric will unravel.  That’s one of the reasons why executive management is so indecisive about the Web.  They are not quite sure what to make it –– is it a thread, a tapestry, a sewing machine or textile factory?  But businesses do know one thing:  the Web will have an impact on their business and their organization which must be dealt with.

Businesses aspiring to “webify” their efforts will face tough decisions about how far they want to integrate the Web into their companies.  Fundamentally there are five key components to webifying an organization:

  1. Empowering, educating, and energizing executive management to lead the Web initiative
  2. Transforming the hierarchical organizational structure to a system of multi-directional, interconnected alliances
  3. Developing employee skills sets to be Web savvy
  4. Changing the way programs are funded
  5. Measuring performance based on new metrics

Business Zen (7 Simple Insights)

Thursday, October 2nd, 2008

1. Differentiate yourself from your competitors (if you can’t, you are only selling an alternative)
2. Create viable products or solutions (passion for a product or service is instantly recognizable and highly contagious)
3. Keep in touch with old friends and business colleagues (and never burn bridges)
4. Focus on target markets (niche markets are less saturated and are usually more open to new ideas)
5. Join a business organization and network (what better way to bond with someone new than to size them up and shake their hand?)
6. Give something back to your community (good deeds are rewarded eventually)
7. Fulfill your promises / follow up on what you say you’ll do (some day you will move on to ther things but your reputation will follow you wherever you go)

The Groundhog Day Phenomenon: A Lesson in Customer Convenience

Wednesday, October 1st, 2008

The article was written by Jon Samsel and first published in Buttom Up—The Magazine for the High-Tech Start-Up, in May 1999, when forward-thinking Fortune 500 companies had buttons like this on their websites.

The Groundhog Day Phenomenon: A Lesson in Customer Convenience

If we can assume that online customers demand something more from a company doing business on the web, why is it that so many companies put so little effort into getting to know what their online customers need? What’s so hard about identifying a site visitor, listen to what they have to say about conducting transactions online, and delivering an online experience that meets those expectations?

Two words explain this phenomenon—power shift. Most companies till placate their customers rather than rather than treating them like business partners. That’s understandable. Businesses are not used to interacting with their constituents any other way. But technology has empowered the consumer to interact with a company across many mediums in ways they have always wanted to. This shift in power from companies making decisions about what’s best for a customer to customers demanding that role for themselves makes an online transaction much different from the same experience occurring offline. Old venues push, sell or haggle to preserve some control over the customer’s impulses, questions or anxieties. In a connected economy, businesses respond to customers’ desire for information, then enable rather than control the eventual interaction.

This doesn’t mean that companies like Intel need to dismantle its manufacturing plants, or Barnes and Noble its bookstores. It does mean they need to respond to customer’s desires to also have access to products and services online.  Consumers do show strong preferences for conducting certain transactions—like buying books or computer equipment—or conducting other business such as procuring office products, paying bills, trading securities, or booking travel tickets—electronically, rather than in person or over the telephone. Electronic commerce and online self service enables individuals to do what they want, when they want to. It makes things convenient.

Convenience seems to be a consistently underrated commodity. One reason that very sophisticated businesses have underestimated the appeal of the internet is that they do not fully appreciate the value of convenience. Consumers who prefer online interaction do so largely because it takes less time to do than do alternative venues. They also enjoy the 24/7 storefront aspect of ‘anytime-anywhere’ web service. And as the internet evolves, web sites will become even more user-friendly, allowing consumers to spend their time even more efficiently and effectively than with offline mechanisms.

In the 1993 feature film comedy Groundhog Day, Bill Murray plays a reporter named Phil Connors who travels to small-town America–Punxsutawney, PA.—to do a story on the infamous Punxsutawney Phil, an overweight groundhog who every year informs the nation whether or not spring will arrive early. Connors reports on the story and somehow manages to survive the day. But something strange happens during the night. Upon awakening the next morning, he discovers that it’s Groundhog Day all over again. It seems he’s trapped in some type of time warp where he’s forced to relive the same day over and over. Each day, the townspeople greet Connors as if he were a stranger, even though the man spent time chatting and interacting with them the previous day. The redundant, interpersonal exchanges aggravate Connors to no end—turning him into a frustrated, angry and suicidal man.

Many of today’s businesses are doing the same things to their customers—they treat them like strangers. This only serves to alienate, frustrate and inconvenience them.

Let’s take this real-world story for example. Our tale begins with a woman who walks into a bank and tells the new accounts manager she’d like to take out a loan. The manager asks the woman to fill out a loan application (a legal-length document that takes her fifteen minutes to complete. Even though the woman has been a customer of the bank for over 10 years and all her personal information is on file already, the woman has no choice but to complete the paperwork. The woman is then told that the bank will call her once it’s had a chance to process and review her loan request. The manager and the woman shake hands and the woman exits the bank.

Instead of waiting for her bank to call, the woman decides to log onto an online bank where she submits an electronic loan application that takes her only a few minutes to complete. The online bank doesn’t need the woman to submit a 10 page application because it has developed an e-commerce engine that pings various third-party databases to append data automatically to the woman’s profile. With little effort, the online bank has just provided the woman with higher customer service than the bank she’s been doing business with for the past 10 years. And, seconds after submitting her online loan request, the woman receives two replies—one via email and one via text message on her iPhone—her loan has been approved! The woman accepts the loan terms with the click of a mouse and the funds are wired into her bank account within a few days.

One week later, the woman gets a call from her regular bank. “I’m happy to inform you,” offers the cheery manager, “that your loan has been approved.”

The woman replies rather dramatically. “I’m happy to inform you that you’re no longer my bank.”

This good humored anecdote is meant to drive home a point. As the internet decentralizes brick-and-mortar industries such as insurance, financial services, travel and real estate—in additional to lines of business such as marketing, sales, manufacturing and distribution—businesses must adapt to the growing expectations of their customers if they hope to keep them. The internet has forever changed what people expect from companies they do business with. Consumers can now demand that businesses treat them more like partners rather than pawns in a rigid, inflexible relationship.

In Groundhog Day, Bill Murray’s character vents his frustration in a way which mirrors customers stuck doing business with companies who still don’t ‘get’ the internet.

“What would you do,” Connor asks, “if you were stuck in one place and every day was exactly the same, and nothing that you did mattered?” It’s a quote from a movie but it could easily be attributed to a frustrated bank customer, a novice home buyer, an angry computer purchaser, or a befuddled insurance shopper.

The Groundhog Day phenomenon—treating customers the same old way, day after day—is a losing proposition. Businesses who insist on managing their patrons and prospects in this manor risk losing the one commodity they’ve always counted on—consumers without choices.

5 Solution Sketching Tips for Solving Problems

Monday, September 29th, 2008

Solution sketching is a lot like brainstorming. (I happen to be the world’s foremost expert on solution sketching because I just made up the term three hours ago).

Solution sketching can help unleash your create energies to focus on solving a problem. It starts a lot like brainstorming—a process of releasing your thoughts as rapidly as they come into your mind and capturing them for consideration. By coming up with a wide variety of creative ideas, you greatly increase your change to solve a problem in a bold new way.

A related technique is visual mapping—which is a process of following your natural intuition and freely associating seemingly random concepts so that a patchwork of uncensored ideas begins to develop.

The key to solution sketching, brainstorming and visual mapping is allowing for the free flow of ideas—good and bad—and then sort, edit and prioritize at a later time. Find yourself short on ideas? Got creative writer’s block? Try this simple exercise I like to call Out of Body Visualization. It’s a fun way of placing your mind into unusual situations in order to stimulate creative solutions. It’s like batting practice for your brain!

Many creative artists tend to get hung up on the fine details…editing their creative thought process as they go. This can limit the number of creative possibilities you might consider, but switching your mind from ’solve it now’ mode to a more artistic mode (such as sketching) forces you to focus on an alternative activity, which may lead to capturing thoughts that might normally slip away from your mind.

So without further adieu, here are my five simple tips for solution sketching:

  1. There are no bad ideas: Capture every idea no matter how silly, irrelevant or disconnected you think that idea is from what you are trying to solve. Bad ideas can stimulate alternative ideas that are more closely aligned to the task at hand.
  2. Sketch your thoughts: By visualizing your ideas using pencil & paper, pen & easel, marker & whiteboard or your laptop text editor—you greatly increase your chance of recalling all of these wacky ideas that may have bounced though your head because your thoughts are right there on ‘paper.’
  3. Map your ideas: Once you have an entire whiteboard stuffed with every last idea that can be squeezed out of your feeble noggin, it’s next to add a little pizaz to your solution sketching session. Try placing your ideas into bubbles and draw lines radiating out showing how each idea is related to the main idea or issue you are trying to solve.
  4. Set a time limit: Research shows that having a goal for your solution sketching session, especially a goal with a time limit, will lead to a more productive session (especially in group settings). People tend to focus and contribute more when they know there is only a limit amount of time to make their ideas heard.
  5. Let it stew: Your solution sketching exercise is over. But before setting out to solve your problem, take a little extra time to let your ideas simmer. Mull things around in your head. Sleep on them. The dreaming mind is forever voyaging and sometimes presents an unexpected solution. Sometimes the best solutions come when not actively working on a problem.

10 Common Traits of Companies Who Leverage Social Media Marketing to Achieve the Desired Constituent Response

Friday, September 26th, 2008

With the rapid emergence of Web 2.0 platforms and technologies, many Fortune 500 companies are now utilizing their websites and digital media assets to create mash-ups, crowdsource, microblog, and publish data in a way that promotes, engages and influences their key constituents. They are doing this by utilizing social media applications, word of mouth communication tactics, and consumer-centric interactive experiences to mesh business goals with constituent desires. The reward for successfully navigating this next media minefield is often a stronger brand, more loyal customers, and a new type of business mindset whereby markets are conversations.

Companies who have already embraced the type of conversations enabled by digital networks seem to have several things in common. Here are 10 of them:

  1. An understanding that being responsive to customers with service level agreements that know no boundaries, channel barriers or time constraints.
  2. Recognition that the online experience you provide is your brand. Great first experiences, like the theoretical ripple effect of a butterfly’s wings, are the catalyst for something larger, positive, profound, and influential, that associates a company with trust.
  3. Admission that honesty and transparency trumps double-talk and corporate babble-speak. In fact, it’s this real discussion (warts and all) that constituents crave.
  4. Have a network of smart marketers who prompt audiences to interact because they know that will increase the likelihood that their audiences will transact.
  5. Have the foresight and knowledge that customer engagement means more than launching an online discussion board, it comes organically through enabling valuable and motivating experiences at every touch point.
  6. Tend to have empathetic staff who question what they do for a living and then juxtapose this against what they know their consituencies actually need from them—implementing beneficial solutions as a result.
  7. An appreciation that new web analytics and measurement tools need to speak to where the visitor is going, and not merely to ‘where the puck is’
  8. Acknowledgement that although user-generated content diffuses corporate governance and editorial authority in some ways, it can be leveraged to boost site credibility and improve natural search results.
  9. An innate ability to harness the talents of each individual employee to share their knowledge and leverage their personal connections.
  10. Realizes that effective word of mouth campaigns cannot be manufactured. They tend to be spontaneous, honest and truly viral events centered around humor, oddities, insider news, the taboo or the just plain awe-inspiring.

The Project Pitch Meeting and the Rules of Small Talk

Friday, September 26th, 2008

Now that you have your new project idea–whether it’s a book, video game, or some other type of creative project, you will want to go out and sell it so you can get the money and support to bring your project to life. You’ve made your cold calls and leveraged your LinkedIn connections to set up your first pitch meeting. You have one objective: impress those in the room enough to warrant another meeting. Here’s how you do it.

First, size up the room. How many people are there? If there are only one or two individuals, your job will be much easier. Create an intimate space. Make eye contact. Remember, they need to feel your passion. What are people wearing? The gals in suits tend to like statistics, facts, and demographics. The guys dressed in blue jeans and T-shirts with want the creative stuff. Adjust your pitch accordingly.

Second, beware of small talk. Sure, you’ll need to be friendly so people in the room but watch out for conversation traps. Many of those who pitch projects have fallen into a seemingly innocent exchange of pleasantries, then, the trap.

Allow me to demonstrate:

SUIT BEHIND THE DESK: “What do you think of our multiplayer game, Rebel Conquest?”

Panic strikes. You’ve never even heard of the game, much less sampled it. You quickly improvise.

YOU: “It’s great. Very state-of-the-art. Kids seem to really like it.”

SUIT BEHIND THE DESK: “What I meant was, what’s the buzz? The product doesn’t roll out ’til March. Perhaps you’re confusing our game with some other product.”

OOOOPS! Somebody just put their foot in their mouth! Let’s try that scenario again.

SUIT BEHIND THE DESK: “What do you think of our multi-player game, Rebel Conquest?”

Panic strikes. You’ve never even heard of the game, much less sampled it. You answer truthfully.

YOU: “If it’s anything like your last online game, Crash Test Kids, I’m sure it’ll be a winner. But to be honest with you, Mr. So-and-So, I don’t know anything about Rebel Conquest.”

SUIT BEHIND THE DESK: “We have high-hopes for the game. Multiplayer experiences are the future of Super Duper Game Company. I’m anxious to see what you have to show us today.”

Two rules of small talk:

  1. If you don’t know the answer, admit it. You won’t look stupid telling the truth. You will look stupid if you get caught in a lie
  2. Keep pre-pitch conversation to a minimum. Restrain yourself from gabbing. Don’t loose sight of your objective!

Blow your audience away with a passionate , solid pitch. This takes lots of practice. I repeat, lots of practice. Keep your presentation brief and to the point. Be animated when necessary (flap your arms, grit your teeth, bark like a dog). Use visuals sparingly (your oral pitch should stand on its own).

How to Improve Your Pitch

  • Start off with a teaser (hook the audience, then reel them in)
  • Highlight unique elements that will compel audiences to ask for for more
  • Pitch with conviction and passion (your idea must be infectious…the design team must share your enthusiasm throughout the development cycle)
  • Humor helps (just use it sparingly)
  • Pitch from a common frame of reference (use of terminology)Show your ability to create hybrid entertainment that can be franchised to other mediums such as television or books
  • Sell the sizzle, not the steak
  • Concentrate on the most exciting aspects of your project, rather than all the minor details (long-winded, unfocused presentations can kill a room)
  • Never resort to reading notes (if you can’t eat, sleep and breath the pitch, you’re not ready to deliver it)
  • Identify at least one emotional element that drives your idea forwar
  • Take command of the room (always deliver a pitch standing up…unless it’s a small room, and don’t invade the personal space of others)

NDA: Non-Disclosure Agreement

Monday, September 22nd, 2008

An NDA is an agreement between two parties to protect the privacy of their ideas when disclosing those ideas to each other, or to signatory third parties.

Here is what a sample Non-Disclosure Agreement looks like:

In connection with your review of certain confidential information created by UltraHip Publishers of America (”UltraHip”), we ask that you read and accept the following conditions on UltraHip’s disclosure of such information:

“Proprietary Information” shall mean all information obtained by you from or disclosed to you by UltraHip which:

(i) relates to UltraHip’s past, present or future research, development or business activities or the results from such activities or ;

(ii) which UltraHip has received from others and which UltraHip is obligated to treat as confidential or proprietary. Proprietary information shall not include information previously known to you or publicly disclosed without breach of an obligation of confidentiality, either prior or subsequent to your receipt of such information. You agree that you shall hold all proprietary information in confidence and shall not use any proprietary information except as may be authorized by UltraHip in writing. You shall not disclose by publication or otherwise to any person any such Proprietary Information. You further agree that at any time upon request of UltraHip you shall return to UltraHip any and all written or descriptive matter including, but not limited to, financial information, descriptions or other papers or documents which contain any such proprietary information, together with all copies thereof.

If the foregoing reflects your understanding, please sign this agreement in the space provided below.

AGREED TO AND ACCEPTED BY:
____________________    ________
(Your name & company)     (Date)

____________________    ________
(UltraHip representative)     (Date)