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Archive for the 'Business' Category

I Love When Companies Listen To Their Customers – Way To Go Einstein Bagels!

Monday, March 21st, 2011

Yes just another beautiful sunny day in Dallas and one that included a morning trip to Einstein Bagels. Of course I got my usual a toasted sesame seed bagel with cream cheese and yes a 20 ounce Coke. As I took my first sip of soda I quickly noticed that it tasted off, ok bad, ok actually I hated it! I thought I had grabbed a diet soda by mistake but I didn’t it was a regular Coke. As I looked at it a little closer the expiration date had expired three months earlier.

I decided to go back to the refrigerator and swap it out with a different one but unfortunately all the Coke had expired dates on them. I mentioned this to Shannon (the person who waited on me) and much to her surprise (she didn’t know that soda has an expiration date on it) she apologized and offered to give me a fountain drink instead. Shannon was terrific, very customer friendly and then she did something great. She looked at all of the soda in the refrigerator and saw that all of it had expired and proceeded to take it out and NOT sell it.

I thought that was great. She wanted to make sure that no one else had a bad experience in her restaurant. Her decision made me feel great as a customer that she was more worried about the next customer experience and not short term revenue.

  • What do you think of what Shannon did?
     
  • Do you think she should have done something else?
     
  • Have you recently had a similar customer service experience?

I look forward to reading your comments.

PS – WAY TO GO SHANNON!!!!!

How Is Your Freshness Index? By Guest Blogger Tom Harrison

Friday, March 18th, 2011

So, I had a recent client meeting with a few very senior level marketing directors. It is a CPG client. It is a client for whom we’ve done an Imagine Session that has resulted in business and a full AOR assignment. I clearly wish to keep this relationship fresh. I’ll get back to “fresh”.

Yes…I asked how we are doing and I got the answer I had hoped to get; all our agencies are doing fine. They are happy, will most likely reward our AOR agency more business, and that’s a good thing.

Then came a message. Your agencies are really good, they seem to collaborate on certain levels, but “we can’t help but think that greater collaboration like you showed in our Imagine Session would allow your people to bring us EVEN BIGGER IDEAS”. They went on to say that they’d prefer paying more for the bigger idea than for the execution of the idea. Implementation is commoditized in their world, and why can’t we consolidate our back end delivery so they are not paying for 5 creative directors, 5 digital leads, 5 of this and 5 of that. The answer is they are right! In a new world where simplification is king, where larger ideas based upon clear vision and insights into consumer wants and behaviors are stepping stones to differentiation, why can’t we move toward doing this. Now, we need not go all the way to start, but back-of-office consolidation or just choosing which team will implement might go a long way to satisfying this client’s – and others I’m certain – needs. After all, it is our client’s needs that need to be recognized and addressed. So, I urge us all to look at this with great attention where we enjoy shared client responsibilities.

Now, back to “freshness”. What do I mean?

You just need to look at client relationships like a marriage…if you don’t keep them fresh, they’ll end in separation! What are we doing to bring new, fresh ideas to our clients proactively? Before they ask and BEFORE they EXPECT them? If we’re doing nothing, then there’s another suitor who’s just around the corner or uptown who will steal our client. We need to start thinking everyday in terms of our “Freshness Index”. What new ideas are we offering today or this week that’s relevant, new, breakthrough (as opposed to innovative which has now become a trite word just like integration), and unexpected. You know, like taking your spouse out to dinner just for the fun of it–not because it’s an obligation.

Why is it that great new ideas come only at the pitch and then the re-pitch to keep the business?  They should come routinely.

So I ask you:

  • How is your Freshness Index?
     
  • What are you doing to keep your client relationships fresh?
     
  • Have you given any training to your client facing teams regarding this subject?

I look forward to hearing your thoughts.

Tom Harrison, LH. D. is Chairman & CEO of Diversified Agency Services, an Omnicom Group company. He is the author of Instinct: Tapping Your Entrepreneurial DNA to Achieve Your Business Goals and his own blog entitled “Entrepreneurial Insight”

2011 Is Almost Over? Are You Kidding Me?

Monday, March 14th, 2011

Yes January and February are over. Before you know it a few more months will go by and the summer will be upon us. The summer will be over in the blink of an eye and then it is almost Thanksgiving and a few weeks later you will find yourself buying gifts for the holidays. In reality 2011 is almost over! Ok maybe that is a little bit of an embellishment but certainly the year is flying by and will continue to do so. To be exact the year is 20% over!

The reality is don’t wait too long to start and work on things you want to accomplish in 2011. I am not talking solely about business goals but also personal one. If you want to read more, run a marathon, start to fish, improve your computer skills or have a better understanding of social networking the time to start is yesterday! Start right away – remember the quicker you start and make it part of your routine the quicker it will be part of your routine!

So I ask you:

  • What are you going to start and do right away?
     
  • What are you going to change tomorrow?
     
  • What are you going to get better at?
     
  • What would you like to accomplish in 2011?

I look forward to reading your comments.

Shouldn’t Every Business Be Like CVS?

Monday, March 7th, 2011

I just had a great weekend in Texas. The sun was shining, the kids were laughing and many memories were formed. My boys played some baseball and yes as the good Dad I had camera in hand and clicked away with their every movement. Even though I am not that artistic I was confident I got some great candid shots. A few hours later as I was running a bunch of errands I decided to go to CVS and get the pictures developed. I walked over to the machine with my CD with a big grin on my face and started to view my pictures. I felt really good as I viewed one great picture after another with an amazing smile and even a few action shots.

I view all the pictures and choose the ones I wanted with a few different sizes and then hit the finish button. As the machine is printing out my code a message on the machine mysteriously appears and reads “WE HAVE MADE YOU A SPECIAL GIFT”. Ok so I lose all my senses of where I am and as I am feeling a little special I actually start talking to myself. Haven’t we all done that? As I gain my composure the screen says “HERE IS YOUR SPECIAL GIFT”. I look and basically they took my 30 pictures and put them in a beautiful book. The book is formatted really nicely and the machine lets me review the book page by page and also will allow me the opportunity to customize the book. Although it was great, beautiful and very thoughtful (thanks CVS) I didn’t purchase the book for $19.99.

I then had another CD and wanted to print 5 more pictures. I went through the same process and again after I was finished the machine said “WE HAVE MADE YOU A SPECIAL GIFT”. I was like I know – another book and thanks but no thanks! Much to my surprise that wasn’t the case at all! Apparently CVS has more than one special gift that they will offer customers! This special gift was a collage – yes a collage! Basically they took the 5 pictures and placed them on an 8X10 picture, made them different sizes and actually had one of them as a background for all of the other pictures. It was really nice and costs $6.99. I paused for maybe 3 seconds and with a smile on my face hit the purchase button!

I actually couldn’t wait to get a frame and show the kids!

So please join me up in the clouds – in fact way up in the clouds and relate this story and what CVS did and how that MIGHT relate to your business!

In my mind CVS was amazing and as a customer they made me feel very special. Ask yourself these questions:

  • Did they give me a few choices?
     
  • Did they show me the finished product?
     
  • Did they make it easy for me to buy?

For me the answers to those three questions were all yes! This forced me to really think about my business, what changes we need to make to ensure we can teach every member of our team to create more revenue as we are creating revenue.

In fact think about a few more things they did:

  1. They used technology
     
  2. They were creating more revenue for themselves in a very creative way – not only did they try and sell me a book and collage (the special gifts) I also bought a frame for the collage in their store
     
  3. All of this was done in a very quick manner

So I ask you SHOULDN’T EVERY BUSINESS BE LIKE CVS?

I look forward to hearing from you and seeing how your business is like CVS.

Just How Big Is The Biggest Company In The World?

Monday, February 28th, 2011

Over the past few years during conference presentations I have asked the question what company is the biggest in the world which a number of people aren’t aware of and follow that up with how big is that company. The range of answers for that question is a lot, from $10 billion to $350 billion.

So here are the answers to those two questions:

Wal-Mart is the biggest company in the world with revenue of over 408 billion dollars. To put their size into perspective:

  • Americans spend $46,000,000 at Wal-Mart every hour of every day.
     
  • This works out to $27,273 profit every minute!
     
  • Wal-Mart will sell more from January 1 to St. Patrick’s Day (March 17th) than Target sells all year.
     
  • Wal-Mart is bigger than Home Depot + Kroger + Target +Sears + Costco + K-Mart combined.
     
  • Wal-Mart employs 2.1 million people
     
  • Wal-Mart is the largest company in the history of the world and over 120 billion dollars bigger than the 2nd biggest company in the world Exxon Mobil
     
  • Wal-Mart now sells more food than any other store in the world.
     
  • 90% of all Americans live within fifteen miles of a Wal-Mart.

For me I am amazed at the size of Wal-Mart! They have a need and desire to continue to grow by adding services and products.

  • Did you realize how big Wal-Mart was?
     
  • What numbers surprised you?
     
  • Is there anything they don’t sell that you believe they should?
     
  • What services or products do you think they will add?

I look forward to reading your comments.

Wow I Was Surprised To Hear That Over 400 Of My Linkedin Connections Changed Jobs In 2010!

Friday, February 4th, 2011

Lots of my contacts (and yours I am sure) have recently changed jobs. It seems like a day doesn’t go by where I hear of someone else leaving there company for another or being in transition. I knew the number was huge until I got an email from LinkedIn I didn’t know how many and how big an issue it really was.

Over 400 of my LinkedIn contacts (415 to be exact) started something new in 2010. To put that into perspective with over 1900 contacts that means 21% or 1 in 5 people I am connected too started something new! WOW – not sure there is a better time to be connected to people than now!

2010 was a year of change. 415 of your LinkedIn connections started something new. Here are a few of them:

  • What is your secret to stay connected to people?
     
  • What social networking sites do you really find helpful?
     
  • Which ones do you try and stay away from?
     
  • I love LinkedIn but haven’t gotten on the Plaxo bandwagon – should I?

I look forward to hearing from you

Attention Customer Service People – What A Difference A Week Makes?

Wednesday, February 2nd, 2011

A few weeks ago I called to order some new cable service and the person I spoke to, Pat, couldn’t have been any nicer. She gave me a number of different choices, she wasn’t rushed at all and reviewed all of the information at a good pace. She answered all of my questions and frankly – she was awesome the experience was fantastic – couldn’t have been any better and the call ended when I signed up for my new service. A week goes by and I have a few questions about the system and as luck would have it a Pat answered the phone. I said I wonder if you were the same Pat that helped me a week ago. After she checked she did confirm she was the same person who helped me. This experience was totally different. Pat was in a foul mood for sure and I felt from the start that I was bothering her! Like I was wasting her time! She was short and almost rude. I couldn’t believe this was the same person who I spoke to a week ago!

It made me think what a difference a week makes!

  • Shouldn’t the service be consistent from one week to another?
     
  • Did Pat do a bait and switch? Was she nice until I signed up and then couldn’t care less?
     
  • Do you think more training would help Pat?
     
  • Have you run into a similar situation?
     
  • What training do you give your staff to ensure your customer service is always at a high level?

I look forward to reading your comments.

PS – In my opinion a week, month or even a year shouldn’t make a difference – companies and staff should always have the highest level of customer service 365 days a year!

Looking For A Job – Here Are Some Words You Might Want To Stay Away From…..

Monday, January 24th, 2011

Over the past few years I have looked at a lot of resumes and cover letters. I have noticed a number of words like innovative, team-player seem to be on everyone’s resume. Because of that I found a recent article very interesting that I thought I would share. The article focuses on a piece of research that LinkedIn had done with 85 million users to come up with a list of the most overused words and expressions with regard to resumes.

Based on that research here is the list of Top 10 overused buzzwords in LinkedIn Profiles in the USA for 2010:

  1. Extensive experience
     
  2. Innovative
     
  3. Motivated
     
  4. Results-oriented
     
  5. Dynamic
     
  6. Proven track record
     
  7. Team player
     
  8. Fast-paced
     
  9. Problem solver
     
  10. Entrepreneurial

I thought the list was very interesting. Most of these words are used over and over and frankly some of them I really like. Words like results-oriented, team player, motivated are words that I look for to get passed the screening process and those are also qualities I try to focus on while I am interviewing a candidate.

  • If you are hiring staff what words/phrases do you like on the list?
     
  • What words/phrases turn you off?
     
  • If you are looking for a job what words/phrases do you use?

I look forward to reading your thoughts.

Ok Time To Impress The Boss – What Do You Do?

Friday, January 21st, 2011

Most of us (including myself) report to someone. The question is how do you impress them? How do you get their attention? Clearly every boss is different. Every boss looks for different things and has different hot buttons. I thought it would be helpful and fun to build a list of ways to impress the boss – so here are a few that I thought I would share:

  • Make your words count! If you say you are going to do something do it! If you are going to deliver something do it! There is nothing worse than having your word mean nothing.
     
  • Be realistic! Not every account will grow next year! Not every new business development meeting is great! Not every interaction with your company is perfect! Be realistic of all of these things and more. This will help you build credibility with your boss and co-workers!
     
  • Be a team player! Be there for a colleague when they need help! Be there when they are working long hours or on a task that is boring or perhaps they are struggling with! Be there for them even when they DON’T or WON’T ask – this will go along way with a boss and building relationships!
     
  • Go beyond what your job really is! By going the extra mile it will give you a MUCH better chance of being noticed by your boss and will increase the chances of good things happening to you.

Ok your turn:

  • How do you impress your boss?
     
  • Since a lot of you are bosses how are you impressed?
     
  • What is the best thing you have ever done to impress your boss?

I look forward to hearing from you and reading your comments.

Hey Looking For A Bank – Is This One For You?

Wednesday, January 12th, 2011

A few weeks ago Citibank launched what they are calling the “Bank of the Future” in New York. In reading the story this bank is different than all other banks.

  • Instead of picking up a paper brochure, patrons can use one of the six interactive sales walls with touch screen capabilities to learn more about bank services.
     
  • Instead of using deposit envelopes, they can use enhanced-image ATMs to deposit checks without them.
     
  • Instead of waiting for business hours to speak with a customer service representative, customers can use a 24/7 video chat station in the ATM lobby.

The bank is huge – enormous in fact with almost 10,000 square feet.

In the article the strategy for the bank is to be more like a café or lounge. Yes there is free wifi and also high end “media walls” that display news, weather, and information of course about Citibank. And yes just to play into the social networking game there is a special chip that accesses a special Foursquare feed. Whenever a certain amount of people check into the branch, an “internal marketing screen” shows which users are inside the branch at that very moment.

Citi plans to open other branches that in other key U.S. markets, including San Francisco, Washington D.C., Los Angeles and Chicago.

Ok now your turn:

  • What do you think of this concept?
     
  • Have you been inside this branch?
     
  • Will you go in and "hang out" to use the free wifi?

I look forward to reading your thoughts.