Designing a Better Brand

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Adapted from HOW Magazine.

A prospective client asks you, "I've heard of you guys. Tell me about your firm."
You give the wrong answer: "We're a full service integrated design firm serving a wide variety of clients."

HOW TO FIX THIS

Describe your positioning in:
-a sentence
-a paragraph
-a page

Decide what you're not
Standing for everything = Standing for nothing
Goal: not to appeal to a larger number of clients, but fewer.

Go beyond awareness
Name awareness does not equal brand equity

Discover your brand
It's already in your company in the form of natural strengths and core competencies

Consider:
-What kind of clients have you been most successful in attracting?
-What types of assignments have you completed over the years?
-In what areas do you have superior knowledge or expertise?
-What do you do particularly well, perhaps better than most firms?
-What do you most enjoy doing? What do you hate?
-What target audiences have you come to know and understand?
-What distribution channels do you know best?
-What methods, approaches or philosophies is the firm known for?

Connecting value and audience
1) What value do we provide?
2) Who do we deliver value to?
3) How do we deliver it?

Differentiating position:
"We offer [your service] for [your market] by [your method]."

(This is hard because it involves giving something up)

Criteria for strong positioning
Authentic: an honest reflection of what the firm is capable of. Plays to the firm's strengths. Can have aspirational aspects, but only if the firm has the firepower to deliver on the promises.
Exclusive: It excludes as many prospective clients as it includes.
Polarizing: Appeals to only limited number of clients. It may even inspire controversy.

Match position with practice
Question:
"What needs to change in our organization for us to bring our brand to life in everything we do?"
Answer reflected in:
-product
-people
-promotion
-process
-place of business

Socrates said: "The way to gain a good reputation is to endeavor to be what you desire to appear."

Goal of successful branding: Be everything to somebody, not something to everybody.

A Well Designed Business Model

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Hilti, a manufacturer of construction tools, noticed that when tools break contractors can't finish their jobs on time. Hilti realized that contractors don't bring in money by owning tools, they make money by using tools to get their job done as efficiently as possible.

So Hilti developed a business model where contractors pay a fixed monthly fee for a fleet of tools. Hilti replaces or repairs any broken tools and upgrades all the tools when the usage period is over. Contractors can select the type and quantity of tools they need.

As a result, contractors have a streamlined cost structure for tools and are more productive because of consistent high tool quality. Additionally, Hilti has incentive to build a more sustainable, long lasting, high performance product.

Manage Your Energy, Not Your Time

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(The following is adapted from the HBR article Manage Your Energy, Not Your Time by Schwartz and McCarthy)

Working longer hours is rarely the answer for improving performance.

This gets people exhausted, disengaged and sick.

Instead focus on renewing your personal energy by adapting rituals that replenish physical, emotional and mental resilience.

1) Physical Energy
>> Get more sleep
>> Identify energy lapses, such as restlessness, yawning, difficulty concentrating
>> Take quick breaks away from your desk at 90 minute intervals

2) Emotional Energy
>> Through detailed emails, notes or conversations regularly express appreciation to others
>> When an unsettling situation occurs, consider it through a longer lens. Ask, "How will I view this situation in six months?" Then ask, "How can I grow and learn from this situation?"

3) Mental Energy
>> Perform high concentration tasks away from phones and email
>> Respond to voice mails and emails at designated times during the day
>> Each night, identify the most important challenge for the coming day, then make it priority number one when you get to work in the morning

4) Spiritual Energy
>> Spend time on activities you do best and enjoy most
>> Live your values: if consideration is important to you but you're always late, practice showing up five minutes early for everything

Managing Oneself

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Adapted from "Managing Oneself" by Peter Drucker

"Success in the knowledge economy comes to those who know themselves--their strengths, their values, and how they best perform."

To discover your strengths, do feedback analysis.
Whenever you make a key decision or take a key action, write down what you predict will happen. Six months to a year later, compare the actual results with your prediction.

This will show you the following things: your strengths, what you are doing or not doing that prohibits you from enjoying the benefits of your strengths, what you're not that great at, and what you have no strengths in.

Concentrate on your strengths.

1) Position yourself where your strengths produce results
2) Improve on your strengths
3) Identify ignorance toward other disciplines and open yourself to them when they solidify your strengths
4) Identify and remedy your bad habits that stand in the way of your strengths
5) Don't take jobs or assignments in areas where you have no strength.

Put yourself in the following position:
"Yes, I will do that. But this is the way I should be doing it, this is the way it should be structured, and this is the way the relationship should be. These are the kind of results you should expect from me, because this is who I am."

A fair question to ask of other knowledge workers: "What do I need to know about your strengths, how you perform, your values, and your proposed contribution?"
It turns out it can actually be a challenge to be truly thankful. We Westerners are brought up to take pride in being self-reliant and independent--so much so that it sometimes becomes difficult to say "thank you" when someone else performs an unsolicited, unexpected, authentic and selfless act of kindness. Rather than be truly appreciative of and celebrate that person's generosity, we find ourselves guilt-tripped into doing something equally generous out of a sense of obligation, Hammurabi's "eye for an eye" principle applied to philanthropy. The irony is that giving out of guilt does not feel satisfying at all.

Last night, a 70-year-old man in a suit sitting next to me at the bar at Avec paid for my dinner. Both of us were there alone, looking to have an exceptional meal (it was) on our business stay in Chicago, and soon found ourselves sharing our small plates with each other and with the couple on the other side of him, and exchanging stories about the other incredible meals we've had while traveling the world. When our bills came, he insisted on paying for mine and I relented after a minute or so of protest. Walking back to the hotel still trying to process what had just happened (and realizing that we didn't even know each other's names, having skipped the formal introduction part of a typical first meeting), I was momentarily overcome with guilt. Did I give in too easily? Was he regretting his choice? Should I have given him a hug or a granddaughterly kiss on the cheek to show how moved I was, even if it wouldn't have felt completely genuine? I felt buhao yisi, a Chinese phrase that doesn't have a succinct or accurate translation in English but generally feels like a combination of undeserving, ashamed, appreciative, and touched, all at the same time.

A brisk walk in the crisp, cold Chicago evening cleared away all of the negative/doubtful emotions and I convinced myself to simply feel blessed (for lack of a better word with less of a religious connotation), and to appreciate and remember mankind's capacity for giving.

A side note on environment impacting behavior: while other restaurants with more sophisticated or romantic atmospheres that I passed were rather empty and sluggish on a Monday night in a slowing economy, Avec was packed and bustling and couldn't keep a line from forming in its narrow entryway. I'm convinced that it's not just the food that brings people back, but also the sense of community that is fostered by the long bar and long tables where singles and couples are forced to sit elbow-to-elbow with strangers as they enjoy sipping from an impressive selection of imported beer and wine, and savoring the delicious concoctions coming out of the kitchen. It's hard not to want to talk about the food with neighbors when it's so good, and the structure of the restaurant makes these kinds of exchanges easy.

Photo courtesy of tellersfood.blogspot.com

What I Wish Obama Had Said

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During the second presidential debate, which seems like ages ago, the candidates were asked a question that I wish Mr. Obama had answered differently: "What don't you know, and how will you find the answer if you're president?"

Mr. Obama responded that they should ask his wife what he doesn't know, and then went on a tangent about what America needs (tax relief, better health care, etc).

He missed an opportunity to talk about the power of open innovation working in politics.

A better answer would have been while he doesn't know which specific types of technology will bring clean power to American homes, he does know that building the right incentives will inspire Americans to invent them.

Or while he doesn't know exactly how to get Americans focused on preventive care, he does know that if you give employers and doctors and individuals incentives to prevent illness, America can build a healthier country.

Or while he doesn't know what the perfect mass transit system looks like, he does know that if you build the right rewards Americans will develop systems that make us less reliant on foreign oil.

These are just a few of the big problems Mr. Obama faces as president. He should not pretend to know precisely how to achieve these goals, nor should he simply pass slow moving and watered down legislation. But he should use his post to structure markets so they point toward goals that transcend politics.

Obama.

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Good morning world. Yes, Obama was elected yesterday.

What has happened to the state of politics in the USA now? Will people continue to stay engaged? And what were the triggers that led to the highest voter turnout in ages? I believe there were a few things that led to this: the internet, the state of our country, and an Obama campaign that stayed optimistic and focused on resolving our country's issues. It's no question that negative campaigning, while dramatic, is fleeting and doesn't manage a sustainable interest. It's like a sugar high and both are unhealthy.

My mom, I'm proud to say, voted for the first time in her life for an American president after becoming a US citizen a few years ago. Though she's lived in the US since 1970, she is still working on a strong command of the English language. Yet, she had a point-of-view on the key issues being debated. Where, in the past, we avoiding talking politics, we talked genuinely about the economy, health care and education in the days proceeding the election. Something was stirred.

Yesterday, as my mom routinely picks up my nephews from elementary school, my nephews called to say hello on their way home. One of them had a mini-election in their classroom and Obama won handily 17-3 (this in NM which voted Republican in the '04 election). 10, 9, and 8 years old, they were screaming for Obama to win (even though their parents seemed to oppose the candidate). Something was stirred. I thought more about creative ways that teachers could introduce the notion of a political system at an early age.

This is indeed a new era in the American political system which has (to a pleasant surprise) created a sense of ownership and participation among the masses. The streets of SF were alive and with energy last night - hooligans - but, for an election?! Something deep was stirred and there is great momentum in the country right now. As Obama mentioned yesterday, this first step is but a chance to enable change. There is a responsibility we all carry now. But, no doubt, there is even more confidence in our abilities after yesterday.

Congratulations to Mr. Obama, his family, and the entire campaign. I'm giddy.

On Changing Yourself

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The following is a summary of the article by Geoff Colvin found here.

Success is not based on natural talent. It is a choice.

Studies of accomplished individuals show that few of them achieved anything great before the individuals started intense training.

What separates high achievers from everybody else is something researchers call "deliberate practice." Deliberate practice is a set of elements that, when combined, form a powerful system to improve performance.

The elements are:
1) DP is designed to specifically improve performance. The idea is to constantly stretch yourself beyond your current abilities. This requires you to identify those parts of performance that need to be improved, then work on them. For example, Tiger Woods drops golf balls into a sand trap, steps on them, then hits them out.

Great performers isolate very specific aspects of their game and work on just those things until they get better, then they move on to the next thing.

2) DP must be repeated a lot. But you must choose an activity that is just beyond your current capabilities. Then repeat. For example, Ted Williams would hit baseballs until his hands bled.

3) Get regular feedback from somebody who knows what they're talking about.

4) Expect a mental exercise. This is not mindlessly hitting tennis balls against a wall. It is identifying and focusing only on unsatisfactory areas and working to improve them. Famous violin teacher Leopold Auer told his students, "Practice with your fingers, and you need all day. Practice with your mind, and you will do as much in 1-1/2 hours."

5) It's hard. Seeking out what you're not good at puts you in an uncomfortable spot. But overcoming those situations makes the difference. The fact that it's hard will prevent most people from doing this, which will set you apart.

6) Before work: Set goals. Poor performers set no goals. Mediocre performers set general goals that are focused on a good outcome (win an order, finish a proposal). Excellent performers set goals that improve their own process of reaching outcomes.

7) During work: Observe yourself. Novice runners think about anything that gets their mind off of running. Elite runners focus intensely on their bodies by counting breaths and strides to maintain set ratios. At work it's called metacognition, or knowledge about your own knowledge. Top performers do this as part of their routine.

8) After work: Average performers tell themselves they did fine, great or poorly. The best performers judge themselves based on what they're trying to achieve. You must select a metric that is just beyond your current limits.

So where do you start? By asking what you truly want, and what you truly believe. The more you want something, the easier it will be to keep at it when it's difficult. And the more you believe that if you put in the work you will eventually perform at a high level, the better chance you have of making it real.

How To Recession Proof Your Job

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(the following is a summary of the HBR article "How to Protect Your Job in a Recession" by Janet Banks and Diane Coutu)

  • Lighten up. People prefer working with those who are easy to get along with, even over colleagues who are more capable but less friendly.
  • Look forward to a brighter future. Anticipate a state where things will improve.
  • Anticipate customer needs, both internally and externally. Make your contribution indispensable.
  • Become ambidextrous. Volunteer to take on more responsibilities.
  • Offer solutions to corporate leaders. Show why your department matters. Showing empathy for a leader improves your chances of keeping your job.
  • Unite and inspire colleagues. Revive spirits, get people talking to each other, have fun.
  • Become a good corporate citizen. Show up at the informal meetings you're used to skipping. Participate.
  • Get your ducks in a row. Revise your resume now. Make a list of contacts. Think creatively about your future. Make a Plan B that is better than your Plan A.

In tough economic times, INNOVATE!

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In an article by Kellogg School of Management's Professor Andrew J. Razeghi, the author urges people not to cut back on research and innovation during tough financial times, because these are the areas that are most vital to a company's survival. He cites many examples of product inventions that we now take for granted that came about during the Great Depression because smart and creative people discovered and catered to unmet needs. For example, Miracle Whip was invented during the Depression and marketed as a tasty new dressing to make vegetables and sandwiches more appealing during a time when meat was scarce and expensive. It outsold all other brands of dressing and mayonnaise within six months of its initial launch.

Razeghi's six tips for innovating through economic downturns are:

1. Listen to the market. It's quieter when it's less crowded. Unmet needs abound.

There is no better time to invest in user and market research!

2. Invest in your customers. Now they need you most. Loyalty hangs in the balance.
Offer all kinds of services to keep your existing customers loyal to you.

3. Rather than reduce price, offer more value to your customers and demand greater value from vendors.
Reducing prices for the sake of reducing prices only serves to negatively impact the perceived value of your product.

4. Increase communication with your customers.
Don't let up on advertising; studies have shown that it is critical to maintaining sales.

5. Move longer-term projects forward, not back. Now is the time to grab market share.
Improve product quality and invest in new opportunities that will help gain you market share while other companies lost market share by cutting innovation resources.

6. In recession, not all costs are created equal. Maintain or increase investment in "good costs," prune "bad costs," and use judgment on "it depends costs."
"Good costs" are marketing, innovation and customer quality. "Bad costs" are fixed and working capital, manufacturing, and general and administrative expenses.

This article (which you can download here) definitely helps to promote the creative industry as our jobs are to help companies communicate to and develop new products for its customers. Still, part of me wonders if there is data out there that suggests otherwise? Who wants to play Devil's Advocates and do a little more research?