Monday, August 19, 2013

Art + Science = Commerce

Yes. What you offer to your customers is Science & How you offer is an Art. Its a mix of the two creates total customer experience.

Many a times we are so much obsessed with science part that ART is completely missing.

However in an experience economy , it is an ART which commands premium. All great customer experience creating companies are focusing on ART part of commerce , of 
course after mastering Science part of it.

How you do what you do matters the most.

Are you still struggling with Science part of the commerce or graduated to the ART side of it ? A question every entrepreneur must answer. You can have clue to solve many business related issues by answering this.

Saturday, August 17, 2013

Envy people about your CUSTOMERS.

Have you made your potential customers envy of your existing customers? 

Yes it is the role of every customer experience professionals. Every company MUST make endeavour to achieve this status.  Once upon a time Onida TV used to have slogan Owners Pride Neighbours Envy. Converting this slogan into reality is exactly what is needed in today's time of commoditisation. 

You customers MUST love, talk about and advocate your offerings. 

When i read the book Delivering Happiness by Tony Hsieh & I become member of very happy person group on their site I received gift hamper with one copy the book, t shirt and a pack of wafer from the US.  When I first used Flipkart to buy a book it was very simple and quick - a superior experience. Thereafter I have recommended both the companies to many through this blog as well as in person. One CM is making entire country envy of his state and people want him as PM. This is the power of making others ENVY about what you have to offer to your customers (citizen in this case). 

It is not only about physical appearance & rationality, it is about touching the senses , it is about human emotions. 

Make it a habit to please few of your customers every week - DELIBERATELY (Even if you are a b2b company). Do unexpected, go out of the way, and make them feel special. Words will spread and more & more people would like to be your customer.  Your DELIBERATE habit will make your company talk of the town. 



In this attention deficit world something unique will get the attention. It is far more easier and cheaper than huge Ad spend and marketing gimmicks (which no one believes) .  

How do you think you can make people envy of your customers ? Share your ideas. 


Thursday, August 15, 2013

Are you selling what you are making?

Are your brand management and product design teams in sync with the kind of customer experience your company wish to offer ? 

Most of the time it is seen that there is no connect between brand commitment company conveys through all kind of communication , product design team actually creating an experience and customer service team managing the gaps between the two. 

Customer experience design is a deliberate DESIGN & therefore involving CE team in inception of product design , process design , advertising , branding  , marketing and training is CRITICAL.  

When music symphony is orchestrated , every aspect are planned in order to achieve the kind of experience symphony director wish to offer to the audience. Everything is in sync with the expected outcome. 

Offering scintillating customer experience which is truly a competitive advantage requires entire company to behave in sync with expected outcome i.e. experience which company aim to deliver to the customers.  Your branding and marketing team shall not behave which makes people disbelieve your brand.  Unfulfilled brand promises can cause disaster for the brand it self. 

No company can afford to forget words of wisdom of Steve Jobs " You have to start with Customer Experience & work backward for technology, process & people." & even branding & marketing.

Tuesday, August 13, 2013

RAQs in the world of FAQs

Yes we all are used to FAQs. Today I came to know of the term RAQ and realised it is these set of questions that are critical for everyone. 

An entrepreneur will always ask what the ROI of any initiatives is. He will rarely ask irrespective of ROI whether it is critical and important for the enterprise. 

As a citizen we always ask our politicians and leaders what they have done for us. We rarely ask ourselves whether we have fulfilled our duty as a citizen.

Venture capitalist and PE investor will always ask about ROI , EPS & Valuation but they will rarely ask what is the employee satisfaction level of the enterprise.

To a potential job candidate employers will always ask what the past experience is and what has been achieved till date.  Candidate will rarely be asked what he can do that can change the fate of the company for better.   

We always ask in our customer feedback form about how the company has fared on select parameters. We rarely ask them whether their expectations were met by the efforts of the company.

Asking RAQs will make us think about RTIs (rarely thought ideas). 

Converting RAQs in to FAQs is the real challenge and that is what truly differentiates winners.  

Prevention is better than Negative customer Experience

Prevention is better than cure. Yes this is applicable for health as well as for wealth. However it is also applicable in the case of Customer Experience

Customer can leave you for bad experience. She can do negative Word Of Mouth (WOM) and takes few more customers away.  Sales & Marketing efforts and cost will go up to get more new customers. However again they will leave you for negative or not so exciting experience. Every-time your sales team gets you new customers, retention is the job of product design which incl customer experience & after sales team. Let your sales team add more customers rather than replacing old with new ones.

Unless there is a built-in element of superior customer experience throughout the chain - product design, display, delivery, usage and soft skills associated at each of the stage, customer will experience bad and not so good experience. They will go and takes someone with them. 

In order to avoid such scenario companies must focus on creating better customer experience while designing the product. Prevent bad experience rather than allowing bad experience to reach customers and damage the brand. reputation.

Prevent bad experiences rather than reacting to bad experiences. Companies can retain customers, gets more by positive WOM , get more referrals. Cost & Pain of treating disease is always more than Cost & Pain of preventive cure. Same rules apply for Customer Experience.

In built better Customer Experience in your product than be sorry. 

Thursday, August 8, 2013

What Mr Raghuram Rajan Cant Do

RBI Governor cant manage inflation. It is a myth we all are living with. Even present Governor's sustained efforts are not yielding the results. This also proves solution lies somewhere else. 

Role of Mr. Raghuram Rajan is to convey to the Govt that bottlenecks in the economy is the real problem for inflation , resultant erosion of rupee value , lower GDP and Current Account Deficit (CAD). 

Hoping that RBI and its governor can do wonders with mere monetary policy is nothing but day dreaming and in-actin at all other levels. 

In any company , CFO can create value upto an extent but even CFO can't do anything unless there is a efficient production system  , product innovation at regular intervals, flawless logistics , sufficient profit margin which enables future investments without much of the unsustainable debt. If these aspects are managed by the CEO and the management , CFO can add some value by capital structuring , lower debt cost (this again depends on performance of the company not entirely in the hands of CFO ) , raising money from various sources , budgeting & allocation etc.   However CFO cant act as a driver.

We are expecting RBI to drive our economy ,  manage inflation , manage rupee value and control CAD !!! All these are interlinked and only way to break the same is quick decisions , transparency and progressive policies at all level of the Govt. We need action on war footing but we are hardly taking any action, forget right action. 

Indecisiveness and lack of imagination in Govt cant be substituted by ably qualified and young RBI Governor. 

Tuesday, August 6, 2013

IN DEMAND - Script & Crisp Writers

5 days test match to 1 day match to 20:20 this is how game of cricket has evolved during last 30 years.  People cant wait for 5 days to know the result. Rules of the game have remained more or less same but wait for the outcome has reduced from 5 days to 3 hours. 

Attention deficit , impatient & speedy society needs new forms of everything.  

From magazine articles to blog to micro blog (twitter). Whatever is to be conveyed is to be conveyed in short & with speed.

Print to TV to Social Media , modes of communication has changed. People are changing their platforms to know what they want to know. 

From Commodity to goods to services to experiences.  Yes now customer needs and pays premium for experiences.  Needs and way of receiving the same has changed. Commodity providers are many , experience creators are in scanty.   

All communicators i.e. enterprises are the largest class of communicators to their customers and potential customers , must learn to know how the new society behaves , communicates and consume things.  

Movies are creating experiences and spend millions of dollars in communicating the same. 

Script writers ( writing business plans that delight and wow customers )  , directors of experience creation ( executing  wow !! script ) & Crisp communicators ( smart ,quick & innovative ) and are in demand in the new economy. 

Saturday, August 3, 2013

Are you selling Burger or Vadapav ?

Burger Vs Vadapav. What is the difference? 

Burger will cost you US $ 1 (Rs.55/-) while Vada Pav will cost less than 5th of US$ 1 (Rs.10/-). 

Burger is a Brand an Vapa Pav a commodity. 

Burger become a brand as it was presented in air conditioned outlet with a happening ambiance , hygienic condition & quality , unlimited time outlet allows you to sit. Perhaps cost-wise Burger may be costing few rupees more , taste-wise Vadapav may scores over Burger.   

In short both offers more or less same quantum of food and taste but price difference is 5 times. This 4 times difference people are paying is for experience not for food.  

Same is applicable to Starbucks Coffee vs Coffee at South Indian Hotels. Price difference is perhaps 10 times. Cost of Coffee itself may be 2 to 3 times more. They are charging 7 times more money for experience. This is called branded experience. 

Many a times professionally person with technically sound knowledge can’t command salary which a person with all round personality can.  

This DIFFERENCE in PRICING use to superior experience which people would LOVE to pay is critical. Critical for every business.  

In B2B or B2C all kind of businesses experience creators can command premium in pricing. You may be manufacturing best of Vadapav but even though you can’t command Burger pricing. You have to convert your Vadapav into BRANDED experience which is more than just meeting the need but meeting the need with ease and delight added.

Even small effort in this journey of customer experience creation will start fetching you better pricing and customer loyalty which all businesses are dying to achieve.     

Time for reality check and finding opportunity to add EXPERIENCES in your business offerings. 

Thursday, August 1, 2013

Are you making Balance Sheet for Self Use ?

Deep Pocket , Ignorance or Business Operations/ (realised) Profitability is keeping you happy in times of economic distress  ? 

Entrepreneurs with deep pocket is surviving thinking that this shall go and we will come out winners , many hand to mouth competitors will die. 

Ignorant Entrepreneurs have no cue what is happening and whether they are in financial trouble. As long as their cash flow is ticking they think they're are safe. 

& the last one is rare class of entrepreneurs thriving and flourishing on true business operation and profitability. They are able to produce, sale and recover their money. 

Economic conditions across business segment is stressed. Banks are finding it difficult to support but they are forced to do it. They are forced to do CDR.  Its time for every business to go for reality check. Its time to make real P & L A/C & Balance Sheet for SELF USE. (Usually its made for shareholders , lenders & tax authorities  and invariably its misleading). 

Making sense out of own financials is the most sensible thing for every entrepreneurs in today's time.

Wednesday, July 31, 2013

By Design or by Default, Everything is an EXPERIENCE

Everything that happens to customer when they are dealing with any of the touch points of your business its an experience. 

Challenge is to make these experiences memorable and delightful without losing sight of the CORE value proposition. 

Starbucks offer scintillating customer experience but not at the cost of taste of the coffee. However only coffee taste can not create delight and memorability of customer experience. 

Therefore it is the responsibility as well as need of every enterprise to add more delight to the touch points. Customer is going to experience every bit of experience , now if you make it designers its becomes WOW!!! and adds to your competitive advantage or else it will remain one of the many such experiences enterprises offer.  

- Soothing music in the dentist's room can help patient in forgetting her pain

- Serving beverages to visitor's guests in hospital can add huge richness in experience

- Child Specialist Pediatrician set up small kids zone in her dispensary will make         
  it memorable for child patient for life

- Gynecologist offers Parenting Seminar coupon to would be parents can do wonders in 
  customer experience

- One of the CAs was offering car washing services for the clients visiting him

Every small and large businesses and professional firms can think of better and superior ways to add  that EXTRA bit to make the interaction and experience truly memorable.  

By default or by design CUSTOMERs are experiencing. Left to chance it can be miserable and when designed purposefully it can become delightful. Choice is yours. 

Tuesday, July 30, 2013

Why even SMALL businesses MUST Embrace Customer Experience ?

When we audit customer experience we can fairly make out what will be the operative financial performance of the entity (non operative issues like high debt & mindless advertising  may still work adversely in spite of great customer experience recent example is Kingfisher Airlines) .  

Yes operative financial performance is directly linked to what your customers feel about your customer experience creation capability. 

Companies may go out of the way & spend more to offer superior customer experience but that will not impact operative performance adversely as it will result in word of mouth publicity , more referral business and customer loyalty. 

Manufacturing companies spent millions for efficiency and lean manufacturing but it wont give them competitive advantage unless they are offering superior customer experience. Lean & Six Sigma  projects surround their efforts around what customer wants. Speed delivery via lean approach or defect free products via six sigma approach all are adding to customer experience. Any projects not keeping customer at the center wont yield desired financial performance as things not touching customers wont make them loyal and it even wont give competitive advantage to businesses.  

Focus on customer experience when designing lean , six sigma  and even your next Ad campaign. Financial (operative) results are linked directly to customer experience creation capability of the organisation. 

Smaller businesses struggle for customer as well as profit. Focusing on bettering customer experience , small business entrepreneurs can gain both - profit and customers.  

Friday, July 26, 2013

Experienced can offer the Experience

One of the ways to create culture of superior customer experience is to let your employees experience superior customer experience themselves. You have to change the mindset and self experience is the best teacher. 

When you receive superior service you will be inclined to offer one in your role to your customers. No amount of training can teach and change the mindset what true real life experience can do to a person. 

When you receive respect you would like to give one. What you receive is what you can give. Therefore in order the change the employee mindset which is the biggest challenge, expose them to superior customer experiences.  

Unfortunately most companies neither offer superior employee experience to their employees nor expose them to superior customer experience elsewhere and yet expect employee to offer superior customer experience to their customers !!

Experience is the best teacher & that applies here to. Expose your employees to superior customer experience in some other industry /companies , make them delightful customer experienced to enable them to offer better experience to your customers.  

Thursday, July 25, 2013

Incomplete Business Plans & Executions

Yes, How many business plans are discussing about the kind of experience they wish to create for their customers ?  

Business plans contain information on whole world of product differentiation and sales strategy ,  financial ratios and revenue models , market segmentation and team but I have not any seen business plan explaining in details about customer experience and kind of culture team wants to built. 

I read a comment in response to my earlier blog post , " don't spoil customers by offering finest experience. " But I would say some companies are spoiling their talent in order to retain them.  Once habituated to vibrant culture and decent pay , employees find themselves misfit and uncomfortable with other not so great culture. This is the way to retain them from moving away. 

Likewise spoil your customers to retain them. Give them unprecedented and unmatched experience and you get their lifetime loyalty. This requires thinking and creation of culture. This is a huge competitive advantage and MUST find its way into the business plans. 

Design and define customer experience in your business plan and that will set the ball rolling for the culture it will entail. 

Wednesday, July 24, 2013

KISS is really powerful !!

Simplicity & Ease will push your business. One of the important things in designing customer experience is EASE. Ease of doing business can do wonders. 

Flipkart has achieved that EASE, ATM machines offer EASE. The other day we were at Cream Center and guests waiting management was flawless. It was in order and quick communication was flowing from the people inside about tables available to the person managing waiting guests. 

In many of the on/offline businesses customers have no clue when and whether things will happen as expected. Communication and business processes are not explicit.  They are confusing. People managing are not adding any human angle and just follow what is told to them.  The entire experience becomes confusing , irritating and mechanical. 

Multiple option at coffee shops , insurance products , mobile plans are highly confusing and lack ease and simplicity.  Product design , buying process , usage, communication & marketing all level deserves simplicity. 

When you are out to create better customer experience keep EASE factor in mind  , as it will add to delight and memorability. Customers have many complexity to attend to in their life, therefore EASE & Simplicity is at premium. 

KISS - Keep it Simple Stupid , is really powerful. 


Thursday, July 18, 2013

SIGH of an Entrepreneur

You started your enterprise to serve your customers with your skill and passion. However in the process you need to manage people, policies, processes , acquisition, various regulatory compliance and many other things apart from serving customers.  Managing the management of business is Herculean task. It is this task which is the major culprit in diluting and shifting focus from customer experience.

Yesterday I was with one senior doctor managing her own clinic. With deep sigh she uttered " I am tired. Managing patients is fine but its the other things about practice that is too tiring. " I think most entrepreneurs in their entrepreneurial journey must be going through this SIGH.

It is important for entrepreneur to remain deeply focused on customers and delegate all peripheral activities of " Management " to others. It is the customers and only serving customers is the objective of the business and who are going to pay for the business to survive  All other money are debt and at cost. Customers money is adding to the networth. 

Before you lose sight of customers while managing MANAGEMENT part, its time to wake up and get a grip of what you always wanted to do - SERVING the CUSTOMERS and in the process making them RAVING FANS of your business.

Monday, July 15, 2013

Business Process & Drained Customer Experience

When was the last time your business processes were realigned keeping customer experience in mind ?

Do you know business processes are the major culprit in creating damaging customer experience ? 

When fulfilling a customer need - business processes can play a key role in making it happen with ease , speed and delight. 

Process complexity delays the delivery , irritates the customers , break the relations and customer looks for elsewhere. 

Business process mastery can give you competitive advantage. Flipkart is the shining example of process mastery. Their enviable TAT is the result of process mastery keeping customer at the center of the process design.  Whatever the processes employed customer gets speedy delivery. 

Huge money invested to built brand on media , huge money invested in technology and logistics. However before they built brand through media there was already word of mouth online brand building happening through customers. Media helped them to achieve tipping point but ground work was kept ready through their superior logistics for only one product - Books. 

There are plenty of leakage points in offering superior customer experience but business process is the critical part which makes or breaks the business. Business process re-engineering which keeps customer's need and not company's need at the core archives what the company ultimately wants - superior PROFIT through superior CUSTOMER EXPERIENCE.    

" You have got to start with CUSTOMER EXPERIENCE and work backward for technology , process & people"  Steve Jobs.


Wednesday, July 10, 2013

B2B Customer Experience is CRITICAL

B2B customer experience (CE) is critical as share of the business each customer brings is substantial. Share of each business referral a customer can bring is also substantial. Therefore to survive and to expand - both , CE in B2B business is critical. 

- When was the last time you sought customer feedback (and more acted on the feedback) ?

- Your customers are buying more from you (% of of your turnover and % of their turnover) ?

- Are you aware about the concerns of your customers ( they are facing with your organisation and they are facing as their own business ) ?  

- Have you taken steps to solve their concerns with your organisation ? 

- Have you asked them about their other business issues where you can play a role ?

- Think to delight them , surprise them and make them aware that you care about their business and relationship. Help them in their success. 

Most business assume that they are delivering great customer experience and enjoying great relationship with customers only to realize sooner that customer is lost to someone else. 

Appoint TODAY Customer Delight Officer ( This is not a cost but an investment that can improve financial ROI of your business ). 

Tuesday, July 2, 2013

What MOVIES teach about Customer Experience ?

How many times all of us have seen the movie we liked ? 

We spend hours at the cost of repetition of watching seen movies (remember time is our most precious resource) . 

We know the story and sequence exactly. Repeat purchase (viewing) is for the fact that we have had a good experience at the first instance & we wish to repeat our experience that we had liked , cherished

However when directors' creativity takeover viewers' expectations we have seen movie from great directors' failing on the box office. 

Likewise if your company is keeping internal system , processes and efficiency at the core, it will end up like a flop movie. 

Some recent experiences when customers are not at the core of business decisions: 


- Hospital wants medicine replenishment from internal medical store by patient's relative every time.  Isn't it the internal process of the Hospital ?  

- Leading credit card company uses 4 pages for bill printing (incl Ads) but not a line on customer care contact details for any billing related issue. Is customer experience/need at the core when designing this bill ? 

- On a website of leading private bank no way to reach them but for only FAQ driven email options & call center numbers which require many punches before we can talk to anyone. No email ID to reach customer care. Shouldn't  they be customer driven rather than process driven only ?  

- One of the large holiday resort companies keep responding mails with standard replies without reading the customer concerns not as automated replies but with personal name as signatory.   

Ask yourself every-time , what will happen to customer experience when any business decisions are taken ? 

Create a lovely shopping experience during shopping process and product usage and you have acquired one of the finest assets any business can have  - loyal and repeat customer.  

How much time , effort and most important thinking is invested in offering scintillating customer experience which they wish to repeat again and again and still again ?  

Thursday, June 27, 2013

Deadly DEBT !

Yes its deadly. 

Inadequate debt wont allow your business to grow and entrepreneurs will suffocate & die. (business will die)

High debt will drown you in the burden of interest. Yes more debt without adequate productive use will eat into your profit. Invest excess debt thoughtlessly and inability to repay will make your account NPA and your otherwise profitable business will also sink. 

No bank /institutions will finance NPA accounts. Inability to raise finance means stagnation.   

Debt is necessary for growth but its adequacy is what matters the most. Many businesses are out of business today just because of either of the two scenario mentioned above. 

Understanding play of -  cashflow , adequate sustainable leverage (debt) , criticality of  margin & contribution , cash conversion cycle  , inadequate working capital , debt trap , fixed and variable cost , current ratio , cashflow to debt ratio etc are very fundamental to every business. 

Even if you do great business, illiteracy of financial implications will undo all your great marketing efforts. 

All entrepreneurs deal with money & work for money but unfortunately many entrepreneurs do not understand money part of the business

Monday, June 17, 2013

Why enterprises MUST expand their area of Influence ?

“Expand your area of Influence” and we remember great author Stephen Covey.  This is referred for personal development as one of the habits of effective people. However this also applies in the realm of better and delightful customer experience.  Yes to compete in such severe market condition every company must expand their area of influence.
Expand the definition of your offering and you will know area to be influenced.
Tirupati Balaji temple trust believes that their responsibility for devotees starts only when devotees are at the temple campus, restaurant thinks their job is only to offer food in side the eatery, telecom company thinks their role starts when a customer become their customer to use their voice /data services, manufacturers think product dispatch is the only job they are suppose to do likewise banks , hospitals every other business can think limited or expand their area of influence – its up to them.  In their book The Experience Economy - Author Duo says add ING to your offerings. This ING is what customer wants. Add ING and you see expanded area of influence.
market solution
Balaji Temple Trust started thinking of transport , logistics , devotees , online booking , queue management and every possible thing that devotees would think of while thinking of visiting Titupati. Asian Paints has started offering home decor solution to end user from merely selling paints.  Every enterprise HAS to think beyond their physical area of influence and keep expanding their area of influence not only to offer total solution and adding ING in their offerings but also to better their customer experience.  How else will you expand your market-share?
(This applies to every employees and professionals.)

7 Ways to Boost {encashble} Bottom-line

Increase Profit without More Sales.
- Check your rate of interest on borrowing. See what is impacting your ratings and work to improve the same , better rating will bring down your financial cost
- Calculate interest and bank charges debited in your account. Chances are there there may be excess charge or calculation error.
- Be watchful about dead & slow moving stock. Yes it helps in higher borrowing of working capital loan but it compels for more blockage of resources like finance, space, raw material and mfg cost & lengthen the cash conversion cycle.
- Validate in-source and outsource strategy. Many a times in-sourcing requires asset, labour, finance, raw material storage and depreciation etc as cost.
- Validate business processes. Many a times business processes re engineering is critical as process adds to cost. Wrong or lengthy processes are the cause of leakage. Lean Business Processes are not only cost saving but it speeds up the organisation also.
- Manage your forex risk. If your motive not to earn out of forex gain, hedge the risk as open risk will invariably will end up in forex loss in most cases.
& Ofcourse if you can increase sales price without increase in sales quantity, that will be a great booster. It is proven that an increase in sales price by Rs.1/- can have far better impact on bottom-line than decrease in cost by Rs.1/-
Enjoy your profit and remember its profit on hand matters more than profit only in books. Its not about book profit or camouflaging books. Its a tangible cash profit.

Friday, June 14, 2013

Passion ( Karma ) Vs Patience ( Destiny )

You may have huge PASSION for entrepreneurship or for that matter anything. 

You need double the PATIENCE to pursue it till you become successful. 

Apart from commitment, hard work , focus the only thing  that can really made a big difference is PATIENCE.

It take huge amount of PATIENCE to be really excelling and become successful at your PASSION. 

Lage Raho is the only option and you may not see light at the end of tunnel and silver lining on clouds and yet you have to keep pursuing. 

In  times of mass movement in the area of start up entrepreneurship. Business Idea matters most but PATIENCE is equally important virtue. 

Passion will empower us for KARMA and destiny will test our patience. 

" Patience and time do more than strength or passion."  Jean de La Fontaine (One of the widely read French Poets) 

Thursday, June 13, 2013

Are you auditing or living ?

Everywhere we find appointed or un-appointed Auditors always. People criticising others , other's work , other's behavior , finding fault has become their way of life. These auditors will never see right and good  side of the people and things. 

Finding fault in everything is not about perfection oriented mind but its about critique state of mind. Its a disease. Even if the things or person is not right there is no need to wear the cap of auditor in every walks of life. 

Let it remain imperfect. We are not concerned with every imperfect and wrong things/persons. Things will be imperfect , people will do wrong things ,  life will appear to be unjust , but let it be. 

Audit means an evaluation of a person, organisation, system, process, enterprise, project or product i.e. everything )

We audit best of the cricketers , we audit prime minister , we audit work of best of the artists , we audit great film makers , we audit our neighbor , we audit our boss , we audit our relatives , infect we audit everything and every person we know. We not only audit but like a good consultant we have solution for everything we audit. 

Many a times it is perfectly okay to ignore imperfection even in our area of influence and that includes our own imperfection. 

Pause for a day and watch your behavior & count - to how many things,  situation and person we have some suggestions to be better ? 

Then ask , is it necessary ? Does it really matter ? Nine out of ten times, it doesn't. Just stop being an auditor and start living your life. 

Tuesday, June 11, 2013

Who is your GURU ?

We find GURUs in all walks of life these days. GURUs are in vogue and everyone with some oratory skills tries to become GURU . 

Be it Management GURU , Finance GURU, Yoga GURU, Spiritual GURU ,  Fashion GURU , Image GURU , Fitness GURU & all kind of GURU. We are in fact surrounded by GURUs. 

Selecting the right GURUs is the major challenge when everyone is surrounded by GURUs and everyone is seeking GURUs. Demand is met by supply however supply is mostly of substandard qualities. 

Type
School Teacher
PHD University Professor
Practicing Professionals
Qualification
Learn to Teach
Learning for self so Teach
Learned, Self Practice & Teach

Whenever you are selecting GURU on any subject validate his/her qualification on the above criteria.

Will you go to swimming GURU who has no practical experience ? Apply similar test for all GURUs. One may not have matching drowning feeling with other GURUs but at the end if GURU is inexperienced practically drowning is certain. 


Friday, June 7, 2013

Seven BIG reasons to bring Customers Experience at the core of your business

Yes these are BIG reasons as ignoring these can have BIG impact on your business. 

- Your present or future competitors are working on it.

- Your customers are bored with your brand and are looking for something fresh and different. 

- Routine is boring that's why we explore more and more restaurants/food , cloths , travel destination , people & everything else.  

- That will give your business edge , sustenance power and competitive advantage. 

- Customer will spread words about your good deeds and experience you crate for them - Social media and physical network. 

- Smallest of non pleasant experience can move customer away from your business. Don' t ignore any aspects of customer experience.   

- Even if you have huge & long customer loyalty , your new competitor will have power to break that  - Flipkart did for crosswords , Samsung did for Nokia , Smart Phone did for Blackberry , Times Now did for CNN IBN/NDTV

Creating better customer experience is a daily job of every enterprises.  

Thursday, June 6, 2013

Shake well before use - Your company / Institutions & Even Yourself

Unless you shake up the bottle, you will get diluted version of the medicine. Unless you shake up the institutions /companies, you get diluted performance. Therefore shaking up MUST be a part of regular activity if medicine or institutions have to perform at its finest potential. 


Our Institutions and companies for that matter perform below the potential merely due to non shaking up regularly. Mr Arvind Kejriwal & Team Anna have shaken up our democracy. People are now more forthcoming , speaking up and participating in democratic process and issues concerning them. 


Even at companies new CEO can bring life if he is enthusiastic and have capability to see things in different light. Status-Quo is the biggest challenge everywhere. Status Quo is nothing but unshaken condition. 


Look at the leaders who shook up the things. 



Public Life: 


Arvind Kejriwal , Narendra Modi , Nitish Kumar , Rajiv Gandhi , TN Seshan, CAG Vinod Rai , Manmohan Singh of 1991 , Ex BMC Commissioner Subodh Kumar........


Corporate: 


Steve Jobs, Bill Gates, Narayana Murthy (IT), Kishor Biyani (Retail), Dhirubhai Ambani (Capital Market and Business)...... 



There are many institutions and companies that are looking for someone who really can shake them up and enable them to realise and/or  regain its true potential. 



Shekhar Suman Show Movers and Shakers might have lived its life, but we need Movers/Shakers everywhere, or else we all r likely to go sleep. 


Are you a Shakers or waiting for one?  



Name some of the Movers & Shakers known to you? 

Tuesday, June 4, 2013

What is your team size?

What is your team size? 

Did any one ask this to Amitabh Bachchan or Seth Godin or Barack Obama or Krishna in Mahabharat ? 

Yes one person chose team over Krishna i.e.  Duryodhan and we all know the fate of entire Team Duryodhan. 

Question is often asked at every organisation whenever one goes for consultancy , What is your team size ?  

Team matters when an individual does not matters. But team does not matter when individual matters. In all the 4 names stated above , they only matter and they even need not have team at all. 

Every HERO of their own field work in SOLO mode.  When Sanjay Datt goes to Jail howsoever big his team may be its of no use to producers. Likewise it applies to everyone. 

Team matters but one need to know the difference - When ? 

One has to decide whether team is relevant or the person ? 

Monday, June 3, 2013

Who is the next leader competent to replace you ?

Leadership is EXTREMELY important. World is facing huge leadership crisis at all level. Corrupt leader is one problem but incompetent leadership is what I am discussing today.  

There are discussions all around about difference between leaders and managers.  That difference is startling and critical when managers are given leadership role. 

Managers are Cook and leaders are Chef. 

Leaders don't require instructions while managers do. Leaders don't need map to follow but they create their own road map, while managers cant do anything without map. Leadership is scarce and very precious as leaders defines & execute the destiny of the organisation or country they leads.  

There may be 5 to 7 founders of Infosys but among them who can lead? Hardly one or two. Being a part of the team if very different than being a leader of the team. It requires vision, fairness, anticipation, inspiring goal setting , executing , reasonableness , patience , firmness , perseverance , fearlessness & pressure handling capability and many such qualities. 

Richard Branson inspires dream and innovation, Narayan Murthy inspires fairness and consistency,  Vinod Rai , Ex CAG inspires fearlessness , Gandhiji inspires truthfulness , patience and walk the talk qualities , Indira Gandhi & Sardar Patel inspires firmness , Our BCCI Chief Srinivasan inspires pressure handling capability & Narendra Modi inspires vision, firmness, execution, fearlessness & pressure handling capability. They all are competent in their roles and predominantly displays qualities and leadership styles they have used in their role as leader. 

Look at leaders around you and find out what he or she inspires ? If the reply is NOTHING then these are leaders occupying leadership role without being competent for the role. 

To share my experience I suggest all leaders wherever they are leading to just find their replacement from the people they are leading.  I am sure you will not find many faces who can aptly replaces you considering the role you are playing as a leader.  Its a rare commodity & therefore valuable like brands. 

For top leaders of every organisation and institution , one of the very critical roles is to identify  , train and make next generation of leaders ready to take charge. Howsoever robust the organisation is today with its brands , technology and customer loyalty , incompetent leader can spoil the game and every sustainable competitive advantages an organisation enjoys.    

Who is the next leader competent to replace you ? If you don't have the answer or clue - leave everything else and find the answer.