Archive for the 'Theory' Category

Success commandment: Stay close to thy customer

Thursday, March 13th, 2008

Ray Kroc, founder of McDonald’s as we know it today, worked 30 years in restaurant supply sales before making his big move. He knew what worked with customers, and was known to give his clients such advice. Such valuable insights he gained from knowing his costumers over so many years. Along came an opportunity to make a restaurant his way, and out comes McDonald’s.

Charles Merrill had a bottom up philosophy, responding to the public’s lack of education about stock ownership, gave them free education through his advertising. Listening to his customers more deeply than anyone else in his market guided the sale of his service.

Cyrus McCormick, inventor of reaper, would tweak, change, and overhaul his product based on product exhibitions and feedback. 70% of America’s workforce was in farming before the reaper.

Maintaining a tight feedback loop allows the product to meet those needs which you can easily miss.

Notice the commandment doesn’t read “Your customer knows best”. They don’t always. Your customer knows best their problems. It’s your job to translate their problems into your product. If folks new what they wanted, they would be buying Ruben Studdard’s cd’s by now. America voted, right?

Too many times do we see business of high status distance themselves from their customer. Consider this: You have a killer idea for your LG phone. An idea that probably hasn’t been thought of, that would add value and simplicity. How many people would it have to go through before it ever reached the product manager’s desk, and in what condition?

Jun 08 Update :  Closely related to this article is the entry onVOC

Also, Cheers to Ohmar Amad of Commapping.com.  He stay’s tight to his customer base, and that’s rare.

Success commandment : Immerse Thyself

Sunday, March 9th, 2008

Our unconscious self determines more about our success than researchers once thought. In this study researchers tested two groups of people. One group were fed success oriented words, while the other were fed neutral words before the task. One group did better.

These results… reveal an unconscious process that has both an advantage over conscious processing and an ability to serve a person’s current goals. Such unconscious processes may be responsible for far more of human ability than is yet recognized. Physorg

So I hereby declare a success commandment: Immerse Thyself into one’s dream. Think it, study it, play with it, be passionate about it.