Showing posts with label zappos. Show all posts
Showing posts with label zappos. Show all posts

Friday, March 14, 2014

What Farmers Can Teach Our Entrepreneurs ?

REAP WHAT YOU SOW , is a universal truth. 

If your organisation has systems , processes, targets , thinking and culture of MAKING MONEY at ANY cost. Your people are out there in the market will mis sell, over commit , indulge in unethical business practices, do all kinds of accounting jugglery , evade tax , do environmental harm, breaks laws. In the process your organisation will become anti social organisation though doing so called legal business.  You will attract and recruit people with similar culture and mindset. 

Fruits on the tree are the result of its seed, root, water , fertilizers & environmental support it consumes.

If you want Apple you need to sow seeds of Apple. This is the first and foremost requirements. Business culture percolates from the top is seed for the business. You cant expect your people to be honest when top management is indulging in all sorts of wrong doings. 

After the first step of sowing the seed, you need to nurture the tree with regular water, fertilizer and allow sun rays in right quality to get the best fruit. Even organic and inorganic fertilizers can impact the outcome. Likewise business processes, training and soft skills of the people, IT systems, leadership everything matters and impact the customer experience your company is offering to your customers. 

When you need to offer Kashmiri Apple roped with organic fertilizers , you need that kind of environment and nurturing.  You will not get the same Apple if you grow it in different environment and offers inorganic fertilizers like cosmetic culture. 

Therefore if you wish to attain SUSTAINABLE competitive advantage of offering delightful customer experience (CX), it starts with seed i.e. culture.  Only system, processes and training wont last much. Look at all companies known in CX space and you will  realise how their culture is and why they are leading in CX space.  Be it Virgin, Starbucks, Zappos or Apple. 

You can create delight factor for sometime or for some products/services or for some processes  but it wont be sustainable if it is not through culture change. Seed has to be right for delightful products or else delightful products are by chance and not by choice. 

Problem is top management expect best of the fruits - business performance but they turn blind eye on what it takes.  

The above report indicates possibility of loss of business internationally by Indian firms. However within India due to poor or not so delightful customer experience how much business local firms can lose to competing firms is yet not known. 

Bottom line is clear , if you want better bottom line , focus on CX and if you want better CX focus on seed i.e. culture at the top. 

Monday, April 1, 2013

Everything is up for Re-imagination

Yes. True.
World around is slowly but surely changing at speed not easily recognisable.  However change is happening and happening everyday.
New WORLD we are daily experiencing is the result of thinking or re-imagination of people around us. Someone somewhere is re-imagining the existing way of doing things and living life.
Steve Jobs re imagined laptops, mobile phones, music dispensing system  , Bill Gates re imagined operating system , Starbucks re-imagined coffee shop experience, Narendra Modi re-imagined politics of development & governance, Capt Gopinath re-imagined low cost airlines, Zappos re-imagined customer experience, Dr Kurian re imagined milk collection & distribution system,  Mark Zuckerberg re-imagined social networking, Baba Ramdev re-imagined Yoga for masses , Steven Spielberg & most movie makers are in re-imagination business, & Gandhiji re imagined use of non violence to achieve independence. Many people around us are re-imagining our world and doing their own bit to make the difference. Tom Peter has written a book Re-Imagine.
We all  have to re-imagine the world. Re imagine relationships, re imagine commuting , re imagine travelling, re imagine businesses, re imagine politics, re imagine parenting, re imagine governance and management , re imagine education , re imagine jobs & re imagine religions. There is no limit or restriction on any thing as far as Re Imagination goes. Its not about small changes here and there. Its something complete NEW and unheard of.  Conditioned mind will find it difficult , it requires unconditional mindset to re imagine.
 Re imagination capacity is the most valuable asset a person and organisation can have. Any entrepreneur, organisation and individual can create huge difference in the world by her power of re imagination and action to make imagination a real one.
Point is : World around is subject to change  and all those who can re-imagine the life and world around them & work towards achieving that change will  be the most sought after people. 
What is your re-imagination agenda?

Wednesday, February 6, 2013

CSR Drama Vs Unhappy Employees

Yesterday got news of one more premature death (heart attack) at the age of sub 30.  That reminded me of my 2011 blog We all are dying in EMI - Courtesy Job Related Stress . The deceased was working in forex dealing room. Probably one of the most stressful jobs. 

Forget the nature of job, all jobs have become stressful , huge demand on human being at work place. Why? Cuz Finance professionals have taken over the performance matrix. Only and only finance matrix is considered to evaluate the success of the entity.   At the cost of mass stress and unhappiness , handful of the shareholders are enjoying fruits of success. Our models and matrix have become unsustainable. Forget environment and community, people working for the organisation are facing biggest threat. 

This CSR drama must end and actual CSR must start from within. Within the organisation. Making their people & customer happy is the real CSR for every business. What is the fun of CSR when there is tax evasion , poor quality , mis-sell & pathetic people policies? 

Zapposs of the world and happiness officer like  Alexander Kjerulf of the world MUST spread like avalanche in the business world. We must have happiness matrix given equal if not more importance to finance matrix to measure success of the enterprise. 

We are talking about sustainable business practice, starting point is - happy employees & happy customers and not just shareholders.

Wednesday, July 13, 2011

Only way to handle - Return , Refund , Cancellation & Customer EXIT !!!

We remember LAST incidence. LAST incidence influences all future decisions. We observe how companies are behaving during unpleasant customer action i.e. discontinue, refund, return, exchange, exit, cancel, don't want etc etc. 

Unfortunately @ MOST companies , processes r written & culture is developed such that it can not face such incidences GRACEFULLY.  

For CUSTOMER its a brand experience, for companies and point of sale its a lost sales &  customer gone. They think customer experience happens only when the customer is consuming our product and services. 

However if BRAND wants to become known for their superior customer experience it is NOW at the occurance of unpleasant incidence HOW it behaves is what matters the most.  

Most retailers follow fix time for return which is mostly inconvenient, no cash refund, so many T & C. Once we become Ex Customer, we are treated differently. follows - 365-day return policy with free return shipping.

BRAND has longer life than people handling returns and whose incentives may be impacted with returns. Who will develop such Culture ?? It starts @ the TOP. 

GRACEFUL , Pleasant, WILLING to let go though expect to SERVE in FUTURE , Facilitating Smooth Exit, attitude ( MOST PROBABLY ) will win back the customers. Not only win back but will make repeat and most referring customer. 

Friday, July 8, 2011

Business ( Scripts ) Processes that create Memory n Delight !!!!

Processes r SCRIPT of the Business. 

U can WOW !!!! or Un-wow CUSTOMERs through business processes. 

Some businesses r run without formal processes. Its people driven. Its keep changing from people to people. 

- Unorganised

Some businesses are only process driven without having customer in FOCUS. 

- Mechanical

Some Businesses are run by people and process. 

- Human

Like Film script, writing business script (Processes) is an ART.It requires understanding of businesshuman behavior, target market,  business objectives , culture & risk too. Its a team effort with whole organisation INVOLVED. 

To create Memorable & Delightful CUSTOMER Experience, approach to Business Processes plays KEY role.

Customer Experience Champion Starbucks Believes in:
( Converting ordinary experience into Extra ORDINARY )

- Make it your Own
- Everything Matters
- Surprise & Delight
- Embrace Resistance
- Leave your Mark

Happiness Champion believes (Core Values) in: 

- Deliver WOW through Services
- Embrace & Drive Change
- Create fun & little weirdness
- Be adventurous, creative and open minded
- Pursue Growth & Learning
- Built open & honest relationship with communication
- Built a positive team with family spirit
- Do more with less
- Be passionate and determined
- Be humble

Unless the core values or business motives are clear , business processes ( script ) will remain Mechanical and will/can never WOW!!!! 

Start with Core Value / Belief and Change Drivers and then write ( re-write / re-design/ re-vamp  ) script. Its a SCRIPT which decides success or failure of MOVIE ( Business too ) . 

Wednesday, May 18, 2011

5 Ways to Make CUSTOMERS your BRAND Ambassadors

People believes in customer reviews rather than brand ambassador's large cut outs and recommendations.Real brand ambassadors are customers as they recommend after using the offerings and so called brand ambassadors recommends for money they get!!!

When TRUST is the highest influencers  these new breed of brand ambassadors r preferred and searched on the net & social media. Today u search for any product or services , you will invariably get users reviews.I use reviews when I buy mobile phones, when I book hotels outstations,  when I want to experiment new things, when I do not want to subscribe to Speak Asia kind of schemes (I found whole lot of irregular things and cpl of articles by Sucheta Dalal in her magazine Money Life abt the Speak Asia drama which is going on with the help of Indian Print Media these days).Telling example of Branding vs Actual Customer Xperience. (now 19th May- govt has ordered inquiry into the affairs)

Bottom line is CUSTOMERS are net promoters or demoters of every BRANDs. Invest more in customer experience and less on BRAND Ambassadors which is paid , scripted & hence less authentic. 

Here are the ways U can make yr customers , yr brand ambassadors: (Experiment rigorously)

1) Go out of the way to solve customer problem.  Do it with SMILE. If U are a Dentist,don't just remove the teeth but give dental care booklet and free check up once a year bonus. 

2) Invite happy customers to periodic customer get to gather. Share their stories on blog, website and social media. Offer some branding mileage to those customers.(Introduce them and their business on social media)

3) Help and try to make your customers more successful in what they do. Have solution and not transaction approach.

4) To the extent possible customize the deal and make them feel special. As a tour organizer U have tie up with particular hotel, have an arrangement with the hotel to convey customer's preference, data and choice for surprise and delight. They must feel special for booking the hotel through yr company. 

5) Have Happy Hour.  On any one day a week ,lets say every Tuesday, allow any one randomly selected customer free shopping/buying/consuming every hour. Word of mouth publicity will much more cover the cost of free offerings.
Have as many surprise elements in yr offerings as possible.  

I am a FAN of , Starbucks & Virgin way of doing business. Why not every one else too? Looking for similar passion and enthusiasm from Indian Company !!!! Any 1 ? Kingfisher is closing in.

Not only do business , make it a fun for all involved.We ,after all , live only once and time to make FANs  are too short. Go full blast from TODAY. Share yr results here.