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Review: Creating and Delivering Your Value Proposition March 23, 2012

Filed under: Reviews — gjashley @ 10:59

So, I was asked by my boss to participate in a ‘Value Story’ workshop, I nodded, gave a knowledgable smile, said ‘Of course’ … then dashed off to look it up on Wikipedia.  The WikiGods told me that I need a Value Proposition, and further probing took me a book called “Creating and Delivering Your Value Proposition” (link below*)

In a nutshell the authors provide a multistep looped framework to build your value proposition.

Framework for building your Value Proposition, based on Barnes, Blake & Pinder's Value Proposition Builder™

Barnes, Blake & Pinder defines value in its simplest form as

Value = Benefits – Cost

Where Benefits = Outcomes & Experiences of value to the client (not the features of the offering) and Cost = Financial exposure and other factors (e.g. time, risk) that the client must ‘pay’

The thing that resonated with me was the clarification that the benefit must be seen from the clients’ point of view, whereas listing the features is your point of view.

The book has a good case study about Xerox, and although I’m not in the business of selling copiers or widgets, I have been guilty in the past of listing the features of our offering and company – in effect tooting our own horn – rather than putting myself in the client’s shoes.

Note also that the cost is not only money, if we can cost them less risk and time, then they will see value in that.

Unfortunately, there’s no shortcut to understanding the client’s needs, wants, desires and expectations of value, the best way to ‘become the client’ is to undertake research, mainly in the form of the ‘Value Interview’. I would have liked more detail/tips/case studies on this, but I guess that means it’s down to me to talk to my clients!

http://rcm.amazon.com/e/cm?lt1=_blank&bc1=000000&IS2=1&bg1=FFFFFF&fc1=FF6600&lc1=3399FF&t=sngooh-20&o=1&p=8&l=as4&m=amazon&f=ifr&ref=ss_til&asins=0749455128

* P.S. The footnote in the wiki entry linked to the Google Books entry, which convinced me to buy the book … unfortunately the book wasn’t available for instant download (I needed it that day) … fortunately there was enough text in the Google Books preview for me to feel confident about contributing meaningfully to the workshop, and I actually did end up buying the dead-tree version because I had derived value from the book and thought it was only fair … but it made me wonder how many people would have been so honourable? On the other hand would I have bought the book at all if I hadn’t read the excerpt on Google Books?  … This is a topic for another day.

 

“Complexity is the Silent Killer of Profitable Growth” March 15, 2012

Filed under: Reviews — gjashley @ 21:39
Tags: , ,

I listened to this HBR ‘ideacast’ today, and you can too by following the link below, but I would summarize it thus:

To have enduring competitive advantage, you need to have simple repeatable models.  Research has shown that executives identify complexity as a barrier to growth, leading to the killer quote at the top of this post “complexity is the silent killer of profitable growth”

There are 3 design principles which result in businesses having 5-6 times longer duration of competitive advantage:

  1. The presence of an extremely clear form of differentiation – a uniqueness amongst your competitors which jumps out and hits you. It has to be obvious that you are different and better.
  2. The absolute ability to hardwire 4-5 key threads of strategy into non negotiable beliefs, strategies which everyone in the organization can understand and articulate.
  3. Feedback loops and systems for continuous learning and improvement (around those key threads), Turn continuous improvement into competitive advantage.

Good Strategy’s Non-Negotiables – HBR IdeaCast – Harvard Business Review.

 

Notes – ‘Tribes, we need you to lead us’ by Seth Godin April 30, 2010

Filed under: Reviews — gjashley @ 10:23
Tags: ,

Here’s my review of Seth Godin’s book “Tribes: We Need You to Lead Us“, although I recommend you read it yourself; also, his Blog is one of the few feeds I actually look forward to reading.

Something to believe in:

Three things have happened recently:

  1. Working on stuff you believe in is much more satisfying than just getting a paycheck and waiting to get fired (or die).
  2. Many people have discovered that the factory centric model of producing goods & services is not nearly as profitable as it used to be
  3. Many consumers have decided to spend their money buying things that aren’t factory produced commodities

So why are we:

Stuck following archaic rules in industries which not only avoid change but actively fight it?

Acting like managers or employees instead of the leaders we could become?

Because We’re embracing the factory instead of the tribe.

Why should I lead? And why now?

Leadership isn’t difficult, but you’ve been trained for years to avoid it. You don’t have to wait until you’ve got exactly the right job, built the organization or moved three rungs up the corporate ladder, you can start right now.

What does it take to create a movement?

There a difference between telling people what to do and inciting a movement. Movements need:

  1. A shared interest, and
  2. A way to communicate.
    1. Communication can be in one of 4 ways:
      1. Leader to Tribe
      2. Tribe to Leader
      3. Tribe member to Leader
      4. Tribe member to Tribe member

    So a leader can create effectiveness of the tribe and its members by:

    1. Transforming shared interest into a passionate goal and a desire for change
    2. Providing tools to allow members to tighten their communications; and
    3. Leveraging the tribe to allow it to grow and gain new members.

Anatomy of a movement

Defined as having three elements (Senator Bill Bradley)

  1. A narrative that tells a story about who we are and the future we’re trying to build
  2. A connection between the leader and the tribe
  3. Something to do – the fewer limits the better

The Status Quo

Whatever the Status Quo is, changing it gives you the opportunity to be remarkable

Initiative=Happiness

Marketplaces reward innovation. The fastest growing <fill in blank> is the newest and most innovative. Interesting side effect is that creating products and services that are remarkable is fun. Doing work that is fun is engaging. So not surprisingly making things that are successful is a great way to spend your time. There you go: initiative=happiness

Crowbars

With a long enough crowbar, you can rip nails out of a plank. The levers just got longer for everyone, and everyone has far more power than before. The King and the status quo are in big trouble. One person (you) can make a video that reached $50m viewers, make one pricing model that turns an industry upside down. We have everything we need to build something far bigger than ourselves.

The Peter Principle

Dr Lawrence Peter: “in a hierarchy every employee tends to rise to his level of incompetence”. When you do a great job you get promoted; this process repeats itself until finally you end up in a job you can’t handle. Seth Godin “in every organization everybody rises to the level at which they become paralyzed with fear” . Essence of being a leader is being aware of your fear – no it won’t go away but awareness is the key to making progress.

Worth Criticizing

A remarkable product is like a purple cow. Brown cows are boring; purple ones are worth mentioning. Create purple cows:

  1. Ideas that spread, win
  2. Boring ideas don’t spread
  3. Boring organizations don’t grow
  4. Working in an environment that’s static is no fun.
  5. Working for an organization that’s fighting off change is horrible

Fear of Failure is Overrated

What people are afraid of isn’t failure. Its blame & criticism.

Fear of criticism is a powerful deterrent because the criticism doesn’t actually have to occur for the fear to set in. Watch someone be criticized for being innovative and you will convince yourself that it will not happen to you.

The Cult of the Heretic

Heretics are engaged, passionate, and more powerful and happier than anyone else. And they have a tribe they support (and that supports them).

Challenging the status quo requires a commitment, both public and private. It involves reaching out to others and putting your ideas on the line (or nailing 97 theses to the door!)

Can you imagine Steve Jobs just showing up for the paycheck? Its nice to get paid. Its essential to believe.

Tightness

The first thing a leader can focus on is the act of tightening the tribe. A tighter tribe is more likely to hear it’s leader.

Discomfort

Leadership is scarce because few people are willing to go through the discomfort required to lead. It’s uncomfortable to:

  1. Stand up in front of strangers
  2. Propose an idea that might fail
  3. Challenge the status quo
  4. Resist the urge to settle

This scarcity makes leadership valuable. If you’re not uncomfortable in your work as a leader, its certain that you’re not reaching your potential as a leader.

The Wrong Question

Change isn’t made by asking permission, it’s made by asking forgiveness later.

All you need to know is two things

  1. That individuals have far more power than ever before in history.
  2. The only thing holding you back from becoming the kind of person who changes things is this: Lack of Faith. Faith that you can do it, faith that it’s worth doing Faith that failure won’t destroy you.

The Balloon Factory and the Unicorn

People who work in balloon factories are afraid of sharp objects, if a Unicorn were to show up – the first reaction is to ignore it or shush it away, inevitably the unicorn goes into the factory anyway. The balloon factory is the status quo, the Unicorn is the leader changing the status quo.

Over-the-top Underdog Bravery

If you’re not over the top, you’re not going to have any chance at all of making things happen.

The Easiest Thing

  1. The easiest thing is to react
  2. The second easiest thing is to respond
  3. The hardest thing is to *initiate*

Don’t panic when the New Business Model isn’t as “Clean” as the Old One

Record industry analogy – establishment couldn’t fit digital media model into old model, so tried to get the old one to work in the new environment.

Industries don’t die by surprise, you can see it coming. If you have the Leadership to change it, then do, if not, get out. Getting out first and staking out the new territory almost always pays off.

Sheepwalking

Sheepwalking is the outcome of hiring people who have been raised to be obedient and giving them brain dead jobs and enough fear to keep them in line.

  1. Step one – give the problem a name:
  2. Step two – if you see yourself in this mirror realize that you can always stop
  3. Step three – if you teach or hire, embrace non-sheep behavior.

The Thermometer and the Thermostat

Obviously better to be a thermostat than an thermometer

Your Micromovement

Every leader cares for and supports a movement. Today you can have a narrow movement.

Five things

  1. Publish a manifesto: Give it away and make it easy to spread far and wide.
  2. Make it easy for your followers to connect with you: Simple as email or rich as facebook.
  3. Make it easy for your followers to connect with one-another – look at camaraderie by volunteers on a political campaign.
  4. Realize that money is not the point of the movement: money is merely an enabler
  5. Track your progress: Publically

Six Principles

  1. Transparency is really your only option.
  2. Your movement needs to be bigger than you.
  3. Movements that grow, thrive.
  4. Movements are made most clear when compared to the status quo or to movements that push in the other direction.
  5. Exclude outsiders
  6. Tearing down others is never as helpful to a movement as building your followers up.

Every Tribe is a Media Channel

Tribes are the most effective media channels ever. But they’re not for sale or rent. Tribes don’t do what you want, they do what they want. Which is why joining and leading a tribe is such a powerful marketing investment.

How to be wrong

  • The secret to being wrong isn’t to avoid being wrong
  • The secret is being willing to be wrong
  • The secret is realizing that wrong isn’t fatal

Secret of leadership is simple: Paint a picture of the future. Go there. People will follow.

“Possibility of Risk”

(Quoting a talking-head on the radio). People are so afraid of the Risk that can’t even use the word. Risk is probability of failure, so this guy is warning about the possibility of probability of risk … it’s all risk.

“Stuck on Stupid”

Quoting Lt Gen Russel Honore, who points out that too many people get stuck on stupid.

Not Now, Not Yet

By the time you realize your corner of the world is ready for innovation its almost certainly too late, it’s definitely not too early. There’s a small price for being too early, but a huge penalty for being too late.

The Revolution will not be Televised

Real leadership rarely comes from the CEO; instead it happens out of the corner of your eye, in a place you weren’t watching.

Writing Songs that Spread

The challenge for the leader is to help your Tribe sing, whatever form those songs take.

Who Cares?

Caring is key emotion at the center of a tribe

The Elements of Leadership

  1. Leaders challenge the status quo
  2. Leaders can create a culture around their goal and involve others in that culture
  3. Leaders have an extraordinary amount of curiosity about the world they are trying to change
  4. Leaders use charisma (in a variety of forms) to attract and motivate followers
  5. Leaders communicate their vision of the future
  6. Leaders commit to a vision and make decisions based on that commitment
  7. Leaders connect their followers to one another

Hard just got Easy

… and vice versa; what was once hard is now easy, but what’s hard now is:

  1. breaking the rules.
  2. finding faith to become a heretic
  3. to seek out an innovation and then
  4. in the face of huge amounts of resistance, to lead a team and then push the innovation out the door into the world.

What would you prefer, trial or error

If your organization requires success before commitment, it will never have either.

Positive Deviants

Great leaders embrace deviants by searching for them and catching them doing something right.

The Obligation

We should never use the work opportunity, it’s not an opportunity its an obligation. (Flynn Berry)

Where Credit is Due

Real leaders don’t care about getting credit, if it is your mission to spread the word, you *want* other people to take credit.

The Big Yes

Rene Hromek. The “little no” is easy to find and hard to avoid, the “BIG YES” is about leadership and apparent risk.

Imagination

Einstein “Imagination is more important than knowledge” you can’t manage without knowledge. You can’t lead without imagination.

Fierce Protection

Compromise may expedite a project, but compromise can kill it as well.

The Perfect Fallacy

Quality is not only not necessary, for many items its undesirable.

More fashion=less need for quality

Belief

  • People don’t believe what you tell them
  • They rarely believe what you show them
  • They often believe what their friends tell them
  • They always believe what they tell themselves

What leaders do is give people stories which they can tell themselves. Stories about the future and change.

 

The Perfect Sound Bite August 23, 2009

Filed under: Thoughts — gjashley @ 12:26
Tags: ,

Like many, the first time I heard the phrase ‘A Perfect Storm’ was around the year 2000 when George Cloony starred in a film adaptation of the 1997 book of the same name.  Sebastian Junger (the author) described, well, a perfect storm – where all the individual metrological components combined to create the best possible example of a storm at sea (whereas individually they would have been much less powerful). This, of course, was a bad thing for Capt. Billy Tyne and his unfortunate shipmates on the Andrea Gail.

Since the release of the film, the phrase has been used as a metaphor to describe any situation whereby conditions were conducive to a given result; usually in the format “It was the perfect storm of ______ and ______ which led to _______”, and it seems that the merest coincidence is sufficient to trigger its use.

A search on NY times website  comes up with 10,000+ hits, some of the top 10 quotes in the last few weeks include:

So many perfect storms, good and bad, regarding economics, sport and medicine – echoing the hot topics of the day and showing how deep the phrase has penetrated society in such a short time. Ordinarily, the use of metaphors doesn’t irritate me, and I don’t intend to dwell on the merits of its use, this has been better documented by stylists, grammarians, academia, the press and even on financial websites. However, I share the opinion that the cliche is tired and irritating, but what concerns me more is that I have noticed something less than honest in its use, particularly by people who seek to avoid responsibility for deliberate action which led to an event; for example, when Sam Zell blamed the bankruptcy of the Tribune Co. on the “a ‘perfect storm’ of forces roiling the media industry”  he was using the phrase as a defense to avert focus from the poor choices he had made in the past and the industry’s inability (or unwillingness) to adapt to changing times.

The most sinister use of this defense I’ve seen was in was in another recent (22-Apr-09) New York Times article which described the circumstances as to how the use of torture came to be approved by the US, it quotes a ‘Former CIA official’ describing the process as a perfect storm of ignorance and enthusiasm”.

Capt Tyne could not have held back the seas and the wind, his storm was a natural phenomenon, whereas the ignorant can be educated and enthusiasm can be tempered.  Rather, the intent of framing a complex situation in this manner is to encourage the reader to think “ah well, it was a perfect storm, we couldn’t have done anything about it”.

I only hope that the phrase dies out as quickly as it arose, or at least that authors use it to describe a confluence of events leading to something that is greater than the sum of its parts which gives rise to a bad and unavoidablesituation.  Until that (admittedly unlikely) event occurs, I encourage readers not to accept its use on face value, but to look at whether it is being used to frame a situation as uncontrollable by someone who could have taken steps to avoid it.

I’ll end this post with a quote from Ryan Tate on Gawker, which pretty much summed it up for me “Your company/industry/economy did not fail because of a ‘perfect storm’, a chance, disastrous combination of outside events. It failed because you sucked!”

 

 

Review – “Can Enterprise Social Networking Pay Off” April 7, 2009

Filed under: Reviews — gjashley @ 20:36
Tags: ,

“Can Enterprise Social Networking Pay Off” Information Week article 23-Mar-09

Many CIOs believe that social networking tools benefit the business, but measuring the impact is difficult, the typical methods (e.g. ROI) are not available, so many ‘going with their gut’ and looking for different ways to quantify the value. The article suggests three possible areas of benefit (i.e. use cases):

  1. Bridges organizational information divisions and allows for serendipitous connections “moving conversations out of e-mails and hallways and into … wikis and blogs”
  2. Allows people to add context to information stores, bookmarking or tagging articles that they found useful
  3. Helps people find and connect to coworkers through user profiles

Employees of Transunion kept on asking if they could set up a Facebook group for staff, when polled 2000 out of 2700 had some kind of social networking presence; so for the management, the motivation to deploy it within the organization was to stop it from happening outside of the organization.
The ROI they use is the that by having people solve problems amongst themselves, they don’t ask IT for more hardware or software to throw at the problem (which I think is a little shaky, but I’ll let it slide); the more interesting revelation from this case-study is that, whereas before they had to rely on the grapevine to see who was asking good questions and who was giving good answers the management now have data to show this. The organization uses Socialtext software, which sits alongside SharePoint, the CTO draws the line thus; SharePoint for fixed processes, Socialtext for discussions about how to improve the process

Pfizer uses internal social apps to allow staff to gain proficiency in building external customer communities

The most significant barrier to adoption seems to be anxiety about content, it is doubtless that social networking tools raise questions about compliance, discover-ability and moderating employee behavior. This anxiety is fueled by a comparison to the consumer focused siblings such as twitter and Facebook, even though many enterprise solutions manage users ability to edit copy and share content. At the same time, there is anxiety that an organization may be loosing out on an opportunity to gain competitive advantage through the collaborative benefits of these tools.

The article suggests 5 best practices:

  1. Test the Waters – Try out social networking with a low cost pilot (e.g. hosted or open-source).
  2. Set Modest expectations – Pitch the project as a pilot (not something that will transform the organization) set one or two achievable goals and state how you will measure value, engage enthusiastic groups in the pilot, have an exit strategy if it doesn’t work out.
  3. Don’t Let Fear Strangle growth – Monitoring (or moderating) employee generated content will kill adoption, people need time to get comfortable with speaking up and sharing ideas without fear of consequences.
  4. Resist Exclusivity – Many groups will want a gated community, however most managers learn to see the value of exposing the community to a broad audience.
  5. Don’t Forget about Search – Search underpins social networks, the better the search, the more valuable the platform. Search should allow for user generated feedback (e.g. tags, stars) and should search associated databases

Here’s the killer quote:

“In the absence of company-provided tools, employees will take it upon themselves to integrate consumer apps into their work-lives”.

So even despite fuzzy ROI and intangible benefits, many CIOs are deploying these tools because they want their staff to use applications that they can manage and have a modicum of control over.

Source

 

Review – “The World at Their Fingertips” April 6, 2009

Filed under: Reviews — gjashley @ 22:04
Tags: ,

“The World at Their Fingertips” – Director Article, Nov 2006
 
Millennials are:

  1. Collaborators
    • Web 2.0 sites and their collaborative information sharing represent an interactive approach to the Internet which is dominated by millennial users
  2. Content Creators
    • Millennials expect to contribute and be heard, they expect the influence their technological world, Wikipedia, Facebook, MySpace … all point to a culture of input and influence . This culture extends beyond the home.
  3. Social Networkers
    • Work is not based on processes, not instruction from above or boss/worker relationships.
    • “I see nothing less than a new breed of human being, they’re surfing a wave of information and connections and their skill is in absorbing only the most relevant snippets.
  4. Tech Experts
    • Smart discriminate users of technology, want to open a tool, use it and close it, want it to work their way out of the box or with minimal configuration.
  5. Informal
    • Email is OK … for everything, they will not like formal communication protocols.
    • This is a generation which will not ‘know its place’
    • Management need to find ways to collaborate and tap this sense of freedom and creativity.
  6. Nomadic
    • Can and will work anywhere.
    • Loved this quote (adapted for CA) ‘ Try telling millennial workers (who know they can be just as effective working at home) that they need to spend 2 hours on i80 to get to their desk by 9:00am and their resume will be out before you can say “work/life balance” ‘
  7. Future Leaders …
    • .… or dictatorial rabble?
    • Management structures will evolve, but those who understand the skills the millennial brings to the workplace and can adjust to play to their strengths will reap the rewards of the emerging knowledge economy.
 

Notes – Smart2020: Enabling the low carbon economy in the information age

Filed under: Notes — gjashley @ 20:22
Tags: ,

Smart2020: Enabling the low carbon economy in the information age
 

  1. Climate change is real.
  2. Accumulation of greenhouse gasses is primary cause
  3. Human action is responsible for Accumulation of GHG in the atmosphere
  4. ICT is a contributor, 2% of total – 0.53GTCO2e in 2002, 0.83GTCO2e
  5. If we continue with Business as usual (BAU) it will rise to 1.43GTCO2e in 2020 (this estimate from Smart2020 “whole life of emissions from PC’s, peripherals, data centers, telecoms & devices (McKinsey) ).
  6. 2020 BAU figure assumes continued advances in energy efficiency, but savings obliterated by increased demands for technology.
  7. Good news is that technology use has great potential to deliver savings in emissions, up to 7.8GTCO2e (by some estimates)
  8. Approx 1.68GTCO2e of these estimated savings are possible in N. American buildings sector (worth ~$340.8bn in savings).
  9. So we’re not talking about energy efficiency of ICT products, but how technology can enable efficiencies in other sectors.
  10. Load Reducing strategies – Dematerialization (substitution of high carbon activities with lower carbon alternatives) – Typical example is videoconferencing to reduce travel, also shifting paper based services to a digital environment, another is replacing face to face id checks with biometrics
  11. Properly sized, efficient motors with electronic variable speed drives (VFD?), improved gears, belts, bearings and lubricants – use 40% less energy.
  12. Smart buildings is a suite of technologies across the lifespan of building: Design (LEED etc), Construction (TCAT) & Operations (BMS, Power Management)
  13. North American buildings are among most inefficient in the world (accounting for 1/4 of all buildings emissions.
  14. BMS’s have saved billions of dollars in building efficiencies. ICT has proved its role, thought technology is not the issue.
  15. Hurdles:
    • Agency: Buildings not designed or built by the occupants
    • Construction cost: lowest first cost, not lifetime cost.
    • Too expensive to do pile: enhanced BMS integration first to be ‘value engineered’ out.
    • Too difficult to do pile “Lack of open, universally adopted interoperability standards.
    • BMS sector slow to adopt – 20-25 year for new technologies to be widely adopted in residential environments; 15 years in commercial environment.
    • IT guys don’t understand why its so complicated; BMS wish the IT guys would leave them alone.
  16. Overcoming:
    • New business models needed – in BMS and ESCO (Energy Service Company) environment.
    • To expensive *not* to do.
    • Develop, promote open standards – uphill struggle, BMS providers need to step up, or someone else will.
    • VC capital flooding into building automation startups, which is speeding up development (but coming from IT sector not BMS).

Source