How to Guide for Real Estate Companies

This week I am releasing my first WHITE PAPER on How to Create WOW !!!!! Customer Experience in Real Estate Industry. 

Its about :

 

1)   What is Customer Experience?

2)   Why Real Estate?

3)   Deterrents to WOW !!!

4)   Compulsions to WOW !!!

5)   Advantage of the Initiatives

6)   How to Action these initiatives  

The same can be found at How to Guide for Real Estate Companies to Create WOW!!!! Customer Experience.

Njoy and share your feedback.

Vacancy for Anna Hajare for Corporate Cleansing. Any One?

Based on the principles of Swami Vivekanand "Yuva" Programme on CNN IBN last Sunday was highly inspiring. It shows how people from different walks of life { educated & can get high paying corporate jobs } devote their life for the betterment of the needy. Be it poor, women or children. Scope for doing good is immense & these people r actually doing it.  

Movement by Mr. Anna Hajare and its team Dr Kiran Bedi and Mr Arvind Kejriwal is another chapter of people involved in mass movement of general public good. Selfless is the key word. Dr Bedi's dynamic public life is known to everyone. Mr. Kejriwal is IIT Grad and did his IRS also. He could have enjoyed like most our corrupt bureaucrats life of power and money. However he refused to be part of rotten system and choose to become change agent. Many may not be aware that he was awarded Ramon Magsaysay Award for Emergent Leadership in 2006, for activating India's Right to Information movement at grassroots and social activities to empower the poorest citizens to fight corruption by holding the government answerable to the people. 

All of us are in some or many points in life encounter a situation where we need to indulge in corrupt practice either for getting things done or getting out of the turn favour. As a professional we also get tempted to fudge our company accounts, evade taxes, declare wrong statements with authorities, claim wrong tax benefits, sign audit report which are not true and fair and on top of this claim to be a smart breeds of all.  Ability and capacity to do wrong has become our key strength.

We have lost capacity to think that someone without any selfish motive can do some good work for others. Our business models even in social space have become questionable.No mission and vision statement talks abt way of doing business. I have verified Vision Statements of some of the top Indian corporates. Ethics and values find place in hardly few of these statements.    

Corruption at high places are two way game.  One demanding and one offering. Indian money at Swiss Bank are of these people. Anna's team is taking care of the first one. We need someone to take care of 2nd side. {corporates shy away in publicly supporting anti corruption movement courtesy: they are either part of it or afraid to become victim of govt's witch hunt like Kejriwal ,Dr Bedi and Bhushans. No courage left as personal stakes are high. }


Next movement should be about Ethical Corporate and business behaviors. Annual report MUST have statement by none other than CMD that company has not indulged in corrupt and unethical practices in achieving these results. It must be applicable to all companies across the board at one go unlike IFRS and XRBL where implementation  is stage wise.  

Who will take up the role of Mr. Anna Hajare for corporate and business cleansing? { Even ICAI has failed miserably in controlling ethical behaviors of their members. However its about personal values and integrity towards the self conscious and institute can not manage the same beyond a point. }

Michhami Dukkadam

As human beings, we know that we are not perfect therefore we do from time to time say things that hurt people's feelings.

It is sometimes hard in the circumstances to either seek reconciliation or ask for forgiveness, as we do not consider ourselves to be in the wrong.  It's our dreaded pride that gets in the way and can thus influence our judgment.

So the greatest essence of this auspicious occasion is to do some soul searching and show our greatness in asking gracefully for forgiveness for any hurt, however large or small, that we might have inflicted on others either consciously or unconsciously.

So on this auspicious occasion of Samvatsari, we beg your forgiveness for all the pain we might have inflicted on you by words, deeds or thoughts during the entire year.

Anna Movement & Lessons for All Institutions (incl Business Enterprises)

Governance is a MAJOR cause of CONCERN across the world and across the institutions. Be it Parliament, Political Parties, NGOs , Companies, Cooperative Societies, and even housing society s'.

Over the period of time all these institutions forget for whose benefits are they suppose to work. Management of this institutions becomes self focused and start working in their self interest. Leaving aside the real expected beneficiary of their existence as per their governing CHARTER. 

Therefore it is very essential to have ANNA in every such institutions to make them aware about their role (On a continues basis)  and keep them on track. 

We need truly Independent Directors not only on the board of listed companies but also on the board of all other Public Institutions and Govt Funded NGOs. Today the way SEBI guideline n Independent Directions are being practiced is nothing more than a FARCE. Hardly a handful of companies have implemented this in spirit. 

Like our political Class who have lost face with people they represent , business enterprises have lost face with their CUSTOMERs, for/because of whom they exist. URGENT and extreme steps are required to bring customers in focus.  

Anna have awakened not only people and politicians of the country , it also MUST awaken all across the institutions about their Governance Standards.  Its in the interest of these institutions as competition will drive U out of business when focus is lost and governance is at its nadir. 

Appoint one true ANNA on your board and listen to him also.  Yes its in the interest of every enterprise. Why do we have only 1 company known for their governance and hence for performance also? Its time for others to raise their bar on governance and customer focus.

Great Content is Greater Business Enabler

Great Content is Greater Business Enabler. 

Yes people are interested to great insights. They are interested in solving their problems. They deal with companies { be it product or service } to solve their life problems or get rid of their life problems. 

All of us who are on the other side of offering great products or services MUST know this. MUST know Why we are offering WHAT we are offering. All of US are solution provider, transaction of sale is JUST a means to the solution. Ultimate objective of the CONSUMERs of solving problem MUST fructify with our offerings.

If require we MUST go out of the way { its never out of the way if U have solution mindset } & enable solution by supporting CONSUMERs with extra efforts over and above selling and offering our MENU of a  services. 

- If you are a group buying site - Provide Content on Why U buy what u buy, various product variations and its implications , suitability of products for the buyers, what to take care if buying from retail store,how to use the products, how to maintain etc. (Groupon.com is hugely successful mainly due to powerful content creation)

- If you are a Real Estate company -  Provide content on home buying precaution, how to manage the asset, how to form various interest groups in the society, Hoe to celebrate public festivals ,  how to maintain the flat and society etc.

- If you are in restaurant business - Provide content on what to eat, when to eat , how to eat, ow even to cook at home, culinary science etc

- If you are a Dentist - Provide content on maintenance of healthy gum/teeth,  what to eat and what not, how to avoid dental decay, what to know before any treatment etc

- If you are into Hospital Business - Provide content on preventive health, fitness regime, diet and food, precaution before any treatments at {any} hospitals, regular maintenance and health check up tips, how to buy medical insurance etc etc.

- If you are a Bank - Money Management, investment avenues and risk associated, wealth planning, will and various loans and its nuances, how to get better ratings, how to avoid CIBIL reporting and remove names from CIBIL, financial discipline, your family and your finances etc etc. 

- If you are a Travel Tour Company -  Where to go, how to go, what to take care, when to go, what to carry, real life experiences of other travelers, How to enjoy the journey, how to plan for journey of your own, where to stay, what to see en-route etc etc.

Likewise any and every industry can create powerful supportive and holistic content for the customers. Helping them 100% should be the motive. It may mean less focus on marketing efforts and more focus on reaching out to help genuinely in solving customer problems.   

Going beyond the MENU into the shoes of COSTUMERs. Its easy if you sit other-side of the table & think and plan but difficult if you are obsessed with your products and offering.  

4 Lessons Entrepreneurs can learn from battle - Anna Hajare Vs Govt

Law , lawyers & professionals cannot handle emotional situations. Its great LEADERs who can handle such a situation.  

Congress has best of lawyers like P Chidambaram and Kapil Sibbal , new but more than aggressive Manish Tiwari , AM Singhvi and S Khushid and learned professional PM.  Though the way they are handling the situation , we can learn a thing or two from their blunders.  

- When U can peacefully agree & have your way, don't make it an EGO issue.  { What is the harm in presenting both drafts to the Parliament , when ultimately it will be decided by MPs only.}

- Don't remain so lethargic in solving burning problems so that wisdom is replaced by thoughtless immediate solution when water goes beyond the head. ( In Japanese there is a word KEIRETSU which means action when age of the problem is ZERO, but we act when problem is ripe and ready to become much bigger , They even could have invited opposition members in drafting committee which they did not do. }

- Tact can handle the situation better than legal way. { people management in the organization - some lessons!!! }

- Have wisdom to Foresee implications of present problems & actions to solve the same. { Anti Congress waves across the nation for their way of handling the situations }

Stakeholders' sentiments do matter ( Suppliers, customers, people (staff) and  shareholders ) and ignoring the same can prove fatal in the long run. 

1,2,3,4,5,6,7 & 8 Reasons to  { must } WOW !!!!! [  Delight  ] Internal Customers 

I was thinking about what to write on my 100th Blog today. ( in 10 months , First Blog on 11th Oct 2010 & this one was planned for Independence Day i.e. 15th Aug ).

I had to sent one project report to someone who wud depend on the same and would work on the same further.  Therefore today morning I started working on the same. While working I thought I shud do the work in such a fashion that the other guy need not have to do anything better and just take the process further. That will make me feel happy , make me dependable and saves his time (i.e project execution time)

This made me thinking of Customer Experience of Internal Customers. Most of my 99 blogs were on customer  { external } experience and how to WOW!!!! our customers. Most people in the organisation thinks that I am not in direct touch with the final customer how can I WOW !!! my customer??? They think I am sitting at the corner of the office in  of accounts or purchase department. I even don't see my customers. WOW !!! is not for me. 

As an accountant if I make a mistake on tallying accounts or adjusting customer payment to his account I am impacting customer experience. As a purchase manager if I am not buying right quality products , right time I am impacting customer experience. Everyone therefore can influence ( is influencing ) customer {external} experience. 

However my point here is about impacting internal customers. Internal customers i.e person who is dependent on our work to take it forward.

- Auditors are dependent on Accountants work

- Production Team is dependent on Purchase Team

- Sales Team is dependent on Marketing Team

- Project Team is dependent on Finance Team

- Sales Team is dependent on Logistics Team

- Everyone dependent on IT Team & even Security 

   Personnel

- & PM is dependent on PMO !!! 

     { One can add many more dependencies }

Even within the department person is dependent on other person's work. If we wish to WOW !!! our customer, WOW!! person dependent on your work by giving not only best of you but more than what is expected. { going out of the way to make his work easier , faster and even beautiful }

Advantage:

1 -  You r happy { doing something great plus you also will get dependable work from colleague on whose work u r dependent }

2 - Fellow Employee is Happy

3 - Every one in the org Happy

4 - Customer { External } Happy

5 - Time of rework or recheck saved

6 - Culture of WOW !!!! percolates

7 - Everyone work to WOW !!! daily , on every assignments

Bottomline : 

Blue Ocean creation for the company. 

{ unbeatable competitive advantage }

We need new age economic theories to Deal with Double Dip or Multiple Dip Recession ?

Economies after Economies are stumbling. World is under dire economic crisis (Hidden and deferred somehow)

Every Governments world over are corrupt.

Most organisations { public and private } are employing corrupt or unethical means to achieve their ends. 

Therefore we can conclude that leaders at most levels & geographies are failing. 

We are struggling to manage all the above in the new economic order and its dynamism. 

Keynesian or Marxist  both theories r seems to be out of order and need total overhaul and rethinking. Our RBI Governor raising interest rates to tame inflammation is somehow not digestible. All policies and steps appears to be a guess work and trial and error methods.

Companies achieving financial results or cooking accounts to look sound by all means is not acceptable. (people, society and environmental  - casualty)

We are growing and hoping to grow but scholars and researchers need to put in more time and efforts to figure out how to not only survive but grow in the new age of digital population. 

Our lifestyle, means of production ,means & speed of communication, preferences, wealth creating business models, spread of social enterprises and its impact, socio economic condition, age of start up and retiring population & multi polar world - everything has undergone a SEA change. 

Inspite of MEGA change in the scenario around us we cant be guided or influenced by age old economic policies or  management principles.  We need total re-imagination and rethinking to solve problems of TODAY. 

Double dip or single dip or deepest recession  - we need creative and refreshing thinking LEADERS at all LEVELS. 
{ Country, institutions , enterprises and society }. 

Recheck and re imagine your area of influence and how to keep these influence not only growing but  INTACT also.

" The future will not be an extrapolation of the past " CK Prahalad { Still we try to find solution from the extrapolation of the past theories !!!).  

Don't go back to proven theory books , but { need to } create ONE.

Few Reasons why WE must shed our employer Loyalty Mindset - NOW!!!!

" Applicant should be ready to work 24 X 7 " was the sentence in one of the recruitment Ad in leading national daily today. 

I wonder who would apply for such jobs ???

Under the pretext of loyalty and commitment these type of companies are social evils. They do not want us to be with ourselves, our families and live our lives. 

We are first loyal to ourselves. In Mahabharata KARNA was first responsible for himself but he choose to remain loyal first to Duryodhana knowing fully well that D was wrong. We all know the result of remaining loyal to wrong people ( Boss & Company too) . Likewise all fanatic target crazy and only ROI focused ( not sensitive to employee happiness, customer WOW !!! and social responsibility )   companies wants us to be their slave under the pretext of loyalty and commitment.  { How many companies are interested in happiness and lives of people working for them????  }  ( why no companies measure non financial measure of success like people happiness, customer happiness , social and environmental commitment every year ) 

We all want happiness, time for family, time for self, time to enjoy not once in a year but on an ongoing basis. We all work , yes , for our passion but primarily for money ( lets accept the fact ) and money we can enjoy by spending it on our own life purposes and happiness. 

We spend our (only) life to earn for happiness , earn for education of children , earn for marriage of children and for our retirement corpus. This is possible through working for someone or for our own. 

We are compelled to stay on even through we do not want to is because ;

1) There is no other option

2) We don't want to  dare

3) We are afraid of change

4) We do not want to look at other options

5) Assume that known devil is better than unknown devil

(How abt the reality of - Zindagi Na Milegi Dobara !!!)
 

Today's corporations are INSANE about growth & valuation sans sensitivity towards people influenced by their existence. 

( They give employment and money so they can demand 24 X 7 of our weeks !!! )

Something must change fundamentally, the way we manage our companies. 

[ Add On : Must Read ( by board, CXOs and empoyees at all levels ) : Seven Days Weekend by Ricardo Semler. ]

Surprise & Suspense Element of Your BRAND?

We { Consumers } like something EXTRA than what we are expected to get. Value of that EXTRA is incomparable. It becomes talk of the town, cause for referral point and repeat experience. 


Mindset of offering EXTRA  { going out of the way } , entrepreneurs can make their offerings Extra Ordinary.

- Surprise - Offering Pleasant EXTRAS

- Suspense - Every-time something Different ( Different Surprises ) 

Restaurant is offering free meal every Monday but it will not be announced in advance. At the time of billing customer is informed that it was free.

Stock Broker is offering brokerage refund for one week and next time sending free gift holiday vouchers to their value clients.  

Home Builder is offering school scholar ship to children of all habitats. Next time full sponsorship of all festivals. ( We have in India many many festivals we celebrate )

Dentist offering free Coffee ( CCD or Barista or Starbucks ) to their patients , next free annual check up for the family.

Garment Store offering free  { Fashion tips and grooming seminar } , next family picnic pass.

Accounting Firm offering free accountants training to clients , next free seminars to clients from marketing experts. 

What are the SUSPENSE and SURPRISE elements of your BRAND ? { Most brand unfortunately do not surprise and offer suspense but sacrifice i.e. less than expected/promised  offerings !!! }