Wavemaker Consulting & Wavemaker Adventure Learning
Showing posts with label Value. Show all posts
Showing posts with label Value. Show all posts
Wednesday, January 5, 2011
Happy New Year - What Will It Bring?
At the risk of sounding like an old fuddy-duddy, I predict that as we continue to crawl out of this recession through 2011, we will see a return to the fundamentals in the corporate world.
What I mean is by this is a return to values based management; a rebirth of corporate and social responsibility; a renewed focus on sustainable growth versus quick profits; a resurrection of the bias for employee development over cost cutting; and perhaps most exciting of all, a resurgence of customer care and great service!
Do I think this will happen in companies across the board? Of course not! That would be naive and wishful thinking. But it will happen for those with leaders bright enough to learn from the lesson of the past, brave enough to bring back what was good and strong enough to always take the high road as they move forward.
That's my prediction. What's yours?
All the very best in 2011!
To comment, or read the comments on this blog click on 'comments' beside the little envelope below. To read previous articles (this is #40), see the Blog Archive (lower right) and to become a Wavemaker Blogs follower, click on 'Follow' (just above Archive).
If you would like to be notified whenever a new Wavemaker blog topic is posted, just drop us an email at wmconsulting@live.com with "Blog Me" in the subject bar. We promise never to provide your contact details to anyone else and you can unsubscribe from this service at any time.
If you would like to know more about how Wavemaker Consulting can help your company improve the customer experience you provide, visit our Website, or email us at wmconsulting@live.com
Tuesday, March 16, 2010
Yours or Mine?

Say I was to put a $20 bill (or a £20 note for my UK friends) on the table and offer the highest bidder the chance to win it on the flip of a coin. How much would you be willing to wager on the chance?
But say all you had was $20 to carry you to your next paycheck and you needed that money to buy milk for the kids. Would you still make the bet?
Conversely, say you want to buy theater tickets that cost $40, but only have $25 in your pocket. The show runs tonight only and there is no other way for you to get the extra $15. Might you consider bidding a little higher for a chance at not missing the show?
My point is this: It’s not really the price or cost of things that drives consumer behavior, but rather the value they place on those things. Yet driven no doubt by the economic downturn, it would seem both companies and consumers alike are totally obsessed with cost cutting and have completely lost sight of the total value proposition.
While I appreciate that eliminating unnecessary spending often makes sense, becoming obsessed with cost cutting, be that on the provider or consumer side, can only lead to a reduction in quality, and therefore the value of goods and services available.
Inevitably, this decline in value will further stall our economic recovery, increased pressure on our fragile environment and in the end, actually drive up real costs. In other words, it will cause a world of long term pain and little if any short term gain.
By my way of thinking, the sooner we curb our obsession with cutting costs and get back to focusing on value, the more of it we will create and the better off we’ll all be.
I’d love to hear your thoughts on this one!
For more on this topic, see my colleague, Ade McCormack's blog on Money Verses Value then return to this site by clicking on the back button.
To comment, or read the comments on this blog click on 'comments' beside the little envelope below. To read previous articles (this is #29), see the Blog Archive (lower right) and to become a Wavemaker Blogs follower, click on 'Follow' (just above Archive).
If you would like to be notified whenever a new Wavemaker blog topic is posted, just drop us an email at wmconsulting@live.com with "Blog Me" in the subject bar. We promise never to provide your contact details to anyone else and you can unsubscribe from this service at any time.
If you would like to know more about how Wavemaker Consulting can help your company improve the customer experience you provide, visit our Website, or email us at wmconsulting@live.com
Tuesday, December 15, 2009
Naughty or Nice?

It's that time of year again. While we're all busy decking the halls, trimming the tree and frantically rushing about in search of that last 'must have' gift; Santa is up at the Pole checking his list... looking to see who's been naughty or nice.
There has been a lot of talk in the business world of late about who has been naughty, but precious little about who has been nice. It seems over the last year or two, many a company have lost their way and should not be at all surprised to discover a lump of coal in their stockings hung by the chimney with care.
As some of you know, I teach a communications course for accounting students that touches on business ethics - go figure? And wouldn't you know it; this seems to be one of their favorite topics - again, go figure?
During a recent class discussion on ethical communication, service and reporting practices, one of the brighter lights (they're all pretty bright) asked "What do we really mean by business ethics? It all seems a bit ambiguous to me. Is there a single, simple definition that will help guide us on our way?"
Obviously, this young lady did not want to find coal in her stocking.
Unfortunately, I was 'momentarily' stumped by the question, but fortunately, another of the bright lights kindly bailed me out. He had recently been reading 'Think and Grow Rich' by Napoleon Hill and pointed out that in chapter three, Napoleon suggests we should:
"engage in no transaction which does not benefit all whom it affects”
By my way of thinking, when it comes to a single guiding principle for ethical business practice, that just about says it all!
For some, it may be too late to influence Santa's assessment of this year's performance, but soon a whole new year will begin and if we are hoping for a full stocking next Christmas, perhaps we would all be well advised to be guided by these simple words.
Merry Christmas to all... and to all, a 'good' life!
Jim
To comment, or read the comments on this blog click on 'comments' beside the little envelope below. To read previous articles (this is #22), see the Blog Archive (lower right) and to become a Wavemaker Blogs follower, click on 'Follow' (just above Archive).
If you would like to be notified whenever a new Wavemaker blog topic is posted, just drop us an email at wmconsulting@live.com with "Blog Me" in the subject bar. We promise never to provide your contact details to anyone else and you can unsubscribe from this service at any time.
If you would like to know more about how Wavemaker Consulting can help your company improve the customer experience you provide, visit our Website, or email us at wmconsulting@live.com
Saturday, August 1, 2009
...and what do you do?

Have you ever been at a dinner party, reception, or other form of social gathering where someone asked “...and what do you do?”
How did you respond? Did you seize the opportunity to make a positive and lasting impression, or did you simply say something along the lines of “I work for...” (yawn)
If, like most people, you answered with something short of an upbeat and engaging response, I’m afraid you not only shortchanged yourself, but also the individual who asked the question, as well as your colleagues, and perhaps even the company you work for.
“How is that?” you ask. Let’s start with the person who posed the question in the first place. By asking what you do, he or she was expressing interest in you. Personally, I think that’s kind of nice. Did you respond in a way that thanked and rewarded them for their interest?
And what about your colleagues and the company you work for? How might a cursory response have let them down?
Well, like it or not, when you responded to that question, you were not only speaking for yourself, but also for your company, colleagues and others in your profession. It is human nature to associate people, places and things. Consciously or subconsciously, we all do it. If your response was, shall we say, somewhat uninspiring, there’s a very good chance, on hearing it, the listener’s perception of the company you work for, and of others in your line of work, dropped a notch or two. Fair or not, it’s just the way the human mind works.
I suspect you’ve already figured out how you may have shortchanged yourself, so let’s leave the past behind us and focus on what you can do to ensure that the next time you’re asked, you don’t shortchange anyone. Maybe the following will help:
In the early days of my career, after stumbling to respond to this very question, my somewhat harsh, but fair mentor of the day took me aside and told me “When someone takes the time to take an interest in you, you owe it to them, to yourself and to the company, to be at least a little bit interesting. It is high time my boy, you prepared your elevator pitch.”
So what is an ‘elevator pitch’? It is sort of like your personal brand, followed by a byline or two. Perhaps I can best explain by way of the following examples:
Remember the story of the janitor at NASA, who, when asked what he did, proudly replied “I help put people in space” or better yet, the financial advisor who responded to the same question with, “I help people realize their hopes and dreams.” Both of these individuals went on to enthusiastically explain how what they did made a real and meaningful contribution to the people they served and the companies they work for; and you can bet their listeners were impressed.
Like theirs, your elevator pitch should consist of a few up-beat sentences that describe your work in terms that both engage and inform the listener; not to mention make you feel good about yourself and what you do. It’s called an ‘elevator pitch’ because it needs to be short - something you could easily deliver in the 15 - 20 seconds it would take to travel a few floors, but expandable (just in case you find yourself in a really tall building). The main thing to work on is the first line or two. Get that right and the rest will come naturally. Think about how you contribute to your customer’s success, enrich their lives, or help them achieve their dreams.
Over the years, I’ve modified my elevator spiel several times. Here is how it currently starts:
I'm the founder and senior consultant of Wavemaker Consulting. At Wavemaker we are committed to raising the bar on service quality by helping the companies we serve provide a customer experience that is second to none! I contribute by....
Everyone should have a pre-prepared elevator pitch. If you don’t, why not take a couple of minutes right now and develop one.
You never know when someone might ask “…and what do you do?”
To comment on this blog click on 'comments' beside the little envelope below . To read previous articles, see the Blog Archive (lower right) and to become a Wavemaker Blogs follower, click on 'Follow' (just above Archive).
If you would like to be notified whenever a new Wavemaker blog topic is posted, just drop us an email at wmconsulting@live.com with "Blog Me" in the subject bar. We promise never to provide your contact details to anyone else and you can unsubscribe from this service at any time.If you would like to know more about how Wavemaker Consulting can help your company improve the customer experience you provide, visit our Website, or email us at wmconsulting@live.com
Wednesday, May 13, 2009
A Magic Formula For Thriving In Tough Times

I'm sure you all recognize this famous couple, but how much do you know about their history? Well let me tell you about it…
It all began in 1923 when an ambitious young man named Walt Disney arrived in Hollywood California with a big dream, a few sketches and $40 in his pocket. Soon thereafter, Walt convinced his brother Roy to join him and together they formed The Disney Brothers Studio using $200 Roy had saved, $500 borrowed from an uncle, and $2,500 contributed by their parents who mortgaged their house to come up with the funds! In no time, they hired a small staff and got down to the business.
For the first few years, Walt and Roy paid the rent and their staff by selling their early cartoons which were the original versions of “Alice in Wonderland” to M.J. Winkler, a New York film distributor. It wasn’t until early 1928 that Mickey Mouse, Disney’s best known creation was born.
But, I’m getting ahead of myself.
When the demand for the Alice series waned, Walt created a new character for Winkler named ‘Oswald the Lucky Rabbit’. Oswald’s popularity grew, and in the spring of 1928, Walt decided to go to New York to negotiate a higher price for the contract.
Unbeknownst to Walt, Charlie Mintz , Winkler’s husband, had recently engineered a hostile takeover of Walt’s operation, enticing most of his staff away with the promise of better money. What Walt also did not know was that according to the terms of the original contract, Charlie Mintz and Universal Pictures actually owned all legal rights to Oswald as well as the Alice series. Thinking he had the upper hand, Mintz demanded that Walt Disney give up his business and go to work for him. Walt refused and stormed out of his office to return to California with virtually nothing.
It was during the four day train ride home from that fateful meeting in New York that Mickey Mouse was born. Walt originally wanted to call the little guy Mortimer, but fortunately, Walt’s wife convinced him that Mickey would sound less formal. Likely prompted by that conversation, the creation of Minnie was soon to follow.
Walt completed Mickey’s first cartoon, "Plane Crazy." in record time, but likely intimidated by the Universal Pictures disputes, no distributor would buy it. Not one to quit, Walt produced a second silent Mickey cartoon, called "Gallopin' Gaucho" which was also a very tough sell.
If nothing but persistent, late in 1928, Walt Disney began work on his third Mickey Mouse cartoon, this time a talkie, entitled, "Steamboat Willie." The young man (now 26) invested everything he had left into the film. This time the investment paid off and Mickey and his leading lady Minnie became stars, and orders for more cartoons came flooding in.
All that said, Walt’s troubles were far from over. It was 1929 and looming on the horizon was the Great Depression. Fortunately by this time, Walt, Mickey and Minnie were no strangers to adversity. They not only knew how to manage it, but even how to turn it to their advantage. Laughter sold well during the dirty thirties… and well beyond!
So what was Mickey, Minnie and Walt's magic formula for thriving in tough times. It's simple really. For over 80 years they made people (customers) happy! And they still do.
To comment on this blog click on 'comments' below. To read previous articles, see the Blog Archive (lower right) and to become a Wavemaker Blogs follower, click on 'Follow' (just above Archive).
NEW: If you would like to be notified whenever a new Wavemaker blog topic is posted, just drop us an email at wmconsulting@live.com with "Blog Me" in the subject bar. We promise never to provide your contact details to anyone else and you can unsubscribe from this service at any time.
If you would like to know more about how Wavemaker Consulting can help your company improve the customer experience you provide, visit our Website, or email us at wmconsulting@live.com
Labels:
Customer Experience,
Customer Service,
Service Quality,
Strategy,
Value
Wednesday, April 15, 2009
In Good Times and Bad
To be productive, there are only two things you can do in business:1-add value
2-save costs
Now then - which are you doing right now?
The above words of wisdom were sent to me by a good friend and X boss. While I love the simplicity and see no need to mess with them, I would like to suggest there is something to be said for the order in which they are presented, especially given the times.
While all for running a tight ship, I am more than a little concerned for those companies focusing first and foremost on cutting costs, but giving little or no thought to adding value.
Particularly disconcerting is the all to common practice of cutting programs aimed at improving the skills and knowledge of long standing employees, or worse yet cutting the people themselves.
I suspect most, if not all of these these companies are going to find themselves behind the eight ball when the markets turns, if not before. And, when it comes to time to staff back up, the cost of regaining, or retraining the skills and knowledge lost may be more than many can bare.
So if your response to the question posed above is simply "I'm cutting costs" and you haven't already developed and implemented a plan for adding value, you might want to rethink your approach.
What is the best, and likely the least expensive way to add value, regardless of the times?
We would suggest the answer lies in retaining and further developing your best people so your company can deliver a superior customer experience that differentiates you from your competitors, both today and in the future - a logical strategy for both good times and bad!
To comment on this blog click on 'comments' below. To read previous articles, see the Blog Archive (lower right) and to become a Wavemaker Blogs follower, click on 'Follow' (just above Archive).
If you would like to know more about how Wavemaker Consulting can help your company improve the customer experience you provide, visit our Website, or email us at wmconsulting@live.com
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