Dodo Loves Marketing

During the first fifteen years of life, the carving of these synaptic connections is where the drama unfolds.

From the day she was born, the child’s mind begins to reach out, aggressively, exuberantly. Beginning at the center of the brain, every neuron sends out thousands and thousands of signals. They are trying to talk to one another, to communicate, to make a connection. Imagine every one alive today simultaneously trying to get in touch with 150,000 other people and you will get some idea of the wonderful scale, complexity, and vitality of the young mind. ..more

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How much of you can be changed?

If you hate meeting new people, can you learn to love the icebreaking with strangers? If you shy away from confrontation, can you be made to revel in the cut and thrust of debate? If the bright lights make you sweat, can you be taught to thrill to the challenge of public speaking? Can you carve new talents?

Many managers and many companies assume that the answer to all these questions is “Yes.” With the best of intentions they tell their employees that everyone has the same potential. ..more

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The plan that you use must be:

• clear and specific in its content
• easily understood by all who use or see it
• capable of accepting changes at both a detailed and broad level, and
• capable of being used to monitor what’s actually happening.

The simplest forms of the project plan that will do this for you are:

The Gantt chart, and The Critical Path network. ..more

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The activities of your implementation project won’t always happen in the way or at the time that you plan them to. The way to counteract the difficulties that arise from these diversions from your plan lies in the way that you create and use your implementation project monitoring and control system. When created and used with care, this system will identify the project’s drifts and divergences and provide you with what you need to put your project back ‘on line’. ..more

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In a process-orientated company, many of these new performance indicators used in benchmarking and elsewhere are non-financial. That is, they will focus management’s attention upon the truly critical areas of performance — i.e. those that drive profitability and align the business unit with its strategic goals. In the case of marketing logistics, we might expect to see metrics that capture such things as customer satisfaction, flexibility and employee commitment. Management meetings should therefore begin their agenda not with the financial review — that will come later — but with a review of non-financial performance indicators. These will necessarily differ between organisations, but may include: ..more

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Whilst there can be no argument that long-term, sustained profit has to be the goal of any commercial organisation, there is a growing realisation that if profit is the end, then we should spend more time examining the means whereby it is achieved. So many management boards begin their weekly meetings with a review of the financial position — in other words, before anything else is discussed revenues will be examined and costs detailed at some length. Ratios, production efficiencies — these are the currency by which the business is measured and therefore controlled. ..more

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If you want to be sure that you have started with the right three talents, study your best in the role. This may sound obvious, but beware: conventional wisdom would advise the opposite.

Conventional wisdom asserts that good is the opposite of bad, that if you want to understand excellence, you should investigate failure and then invert it. In society at large, we define good health as the absence of disease. In the classroom, we talk to kids on drugs to learn how to keep kids off drugs and delve into the details of truancy to learn how to keep more kids in school. ..more

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In the early nineties Gallup began work with two of the largest retail brokerage firms in the United States. Both companies wanted help in selecting brokers. And both of them defined the role in exactly the same way—the broker was not paid to be a money manager, doing financial analysis, picking stocks. Instead he was paid to be a money gatherer, identifying high-potential prospects and then persuading them to invest their money with his firm. He was a salesperson. ..more

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“I am ultimately responsible for the quality of all teaching in my district. Yet every day, in every classroom, there is a teacher and there are students . . . and the door is shut.”

Gerry C., a superintendent for a large public school district, captures the manager’s challenge perfectly: How can you get people to do what _you want them to do when you are not there to tell them to do it? Gerry knows what all great managers know: As a manager, you might think that you have more control, but you don’t. You actually have less control than the people who report to you. Each individual employee can decide what to do and what not to do. He can decide the hows, the whens, and the with whoms. For good or for ill, he can make things happen. ..more

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Achieving global synergies

The concept of synergy is simple: the whole should be more than the sum of the parts. It is often described as the ‘2 + 2 = 5′ effect. The search for synergy is one of the main drivers of the trend towards the globalisation of industry, particularly in manufacturing and logistics.

It has often been suggested that there can be significant benefits if R&D, product development, manufacturing and marketing can be coordinated in order to avoid ‘re-inventing the wheel’ country by country, and also through economies of scale in procurement and production. ..more

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Developing a global logistics strategy

A number of issues arise when global logistics strategies are being considered. One key concern is the question of the appropriate degree of centralised direction as against local autonomy. Traditionally many companies have preferred to devolve decision-making to a local level, yet almost by definition it is difficult to see how global supply chains can be optimised in terms of service and cost if they are planned and managed on a fragmented, local basis. On the other hand the attractions of local autonomy are clear, in terms of responsiveness to the market and the ability to ’stay close to the customer’. ..more

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One of the most striking trends in recent years has been the globalisation of markets, organisations and industries. Its impact can not only be seen through the global reach of well-established brands like Coca-Cola, Marlboro or Gucci, but it is also apparent in markets as diverse as computing, automobiles and consumer electronics. Nor is the trend towards globalisation confined only to products; we see similar transformations in services such as banking, retailing and satellite TV. ..more

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Even when they have selected for talent, some managers are hamstrung by their fundamental mistrust of people. This mistrust might be a product of some deep-seated insecurity, or it might be couched as a rational conclusion—”I think the human race is basically driven by selfishness, and therefore most people will cut corners if they think they can get away with it.” But whatever its source, their mistrust means that these managers are extremely reluctant to let each employee find his or her own route to performance. ..more

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Required steps are useful only if they do not obscure the desired outcome.

Mark B., a manager in a large consulting company, was taking the four P.M. flight from New York to Chicago. His plane had already left the gate and was lumbering over to its designated runway. Suddenly_ the captain’s voice crackled over the intercom, announcing: “There is a weather ground stop at O’Hare. At this time, no planes are taking off or landing. Some delays may be possible. We’ll let you know as soon as we hear anything.” ..more

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The purchase incidence of toys, games, and dolls has been up and down since 2000, ranging from 45 percent in 2000 to 54 percent in 2001 and 50 percent in 2003. While children represent the core user market for toys, more adults are buying toys, not just for kids, but for their own playtime. Toys are popular adult collectibles, and more toy companies are recognizing that adults, just like their kids, want to play with toys. ..more

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Level 3: At this level customers expect partnership. They want you to listen to them, to be responsive to them, to make them feel they are on the same side of the fence as you.

Service businesses have long realized the importance of this partnership expectation. That’s why Wal-Mart positions hearty senior citizens at their front door to smile a welcome and remember names. That’s why all airlines create loyalty clubs offering special treatment to frequent fliers. And that’s presumably why video stores offer a “staff picks” section: “We’re like you. We watch videos, too.” ..more

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Required steps only prevent dissatisfaction. They cannot drive customer satisfaction.

You, and every other employee worth his salt, want to do everything in your power to build a growing number of loyal customers. You want to take prospects, who have never tried your product or service before, and turn them into advocates. Advocates are customers who are aggressively loyal. They will not only withstand temptations to defect, they will actively sing your praises. These advocates are your largest unpaid sales force. These advocates, more than marketing, more than promotions, even more than price, are your fuel for sustained growth. ..more

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But home furnishings alone are not going to be any marketer’s or retailer’s “salvation” anymore. It is going to be harder and harder for home furnishings retailers and marketers to get consumers to invite new furniture pieces or purely decorative home furnishings objects into their homes. Today’s consumers are looking for ways to scale down, throw out, and otherwise eliminate clutter from their homes.

While consumers are spending less money on major furniture pieces and decorative accessories, they are “hungry” for more and better tools, equipment, and accessories to enhance their living experiences in the home. For example, gourmet cooking and dining is an experience that more and more Americans desire to pursue in their home kitchens. As a result, they are willing to buy all kinds of things they don’t need but will enhance the cooking and dining experience. This characterizes consumer psychology for so many discretionary and luxury products. ..more

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About a quarter of American’s $7.385 trillion in personal consumption expenditures is spent on their homes. Spending on the four walls that shelter us topped $1.145 trillion in 2002, and spending on household operations, which includes all home furnishings, cleaning products, stationery and writing supplies, utility expenditures, and domestic services was $748.3 billion. Housing expenditures are rising faster than spending on household operations, as rock-bottom mortgage rates have encouraged more Americans to either buy into the housing market for the first time or trade up to larger, more expensive homes. ..more

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Everyone has talents—recurring patterns of thought, feeling, and behavior that can be applied productively. Simply put, everyone can probably do at least one thing better than ten thousand other people. However, each person is not necessarily in a position to use her talents. Even though she might initially have been selected for her talents, after a couple of reshuffles and lateral moves, she may now be miscast.

If you want to turn talent into performance, you have to position each person so that you are paying her to do what she is naturally wired to do. You have to cast her in the right role. ..more

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