Links to articles of
interest ... 61 of them here!
We hunted them down to help you!
Articles with lots of interest, the newest articles (listed first) are our picks for this issue.
Note: Free registration is required to access the articles at
knowledge.wharton.com - well worth the minimal effort.
Note: Some links may "die" with aging, since the source web site
will discontinue the article. Our apologies if you encounter a
"dead" link. Let us know if you do.
List Updated: June 30th, 2004. Check back frequently for new additions!
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No
More Meetings!
06/30/04 -
Darwin Magazine reports: Almost no business managers see
increasing their number of meetings as a way to increase productivity in
their organizations. In addition, half of executives and managers say
decreasing meetings would make working in their organizations more
productive, either by quantity or quality. Learn the three questions
to ask before having your next meeting.
Click
here for the article
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Who
me - Trust you?
The Confidence Crisis.
06/24/04 - We are living in a
time of low trust and high suspicion. "Trusted leader" is an
oxymoron. Working people are beginning to believe that trust in the
business world is a sham. Leaders who once basked in admiration
increasingly find themselves subject to the sidelong glances and dark
thoughts of their followers. "Is he covered by a golden parachute
agreement?" "Is she telling us everything she knows?"
"Can I trust the people I work for to look after me, to keep their
word, to honor their commitments—or is it everyone for
themselves?" Read this thought-provoking article from Training
Magazine, and you'll see factual evidence that trust is affecting us
all.
Click
here for the article
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Where's
the phone?
It's in your pocket ... more and more.
01/11/04 - More than ever before, phone users are cutting those
wires to the local phone company. Of households
with wireless telephone service, 3.1 percent have unplugged themselves
completely from the local telephone monopoly, according the Yankee Group
research. And more, Standard & Poors research shows that 10 percent
of those surveyed were willing to completely give up landline phones and
switch to wireless-only telephone service. Red more at RedHerring.com's
article on the waning wires to telephones.
Click
here for the article
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Do
you write like a man ... or a woman?
Take this test and see!
12/19/03 - The Gender Genie uses a simplified version of an
algorithm developed by Moshe Koppel, Bar-Ilan University in Israel, and
Shlomo Argamon, Illinois Institute of Technology, to predict the gender
of an author. The program's success seems to confirm the
stereotypical perception of differences in male and female language use.
Crudely put, men talk more about objects, and women more about
relationships. Give it a try, and see if it can accurately predict your
gender.
http://www.bookblog.net/gender/genie.html
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New
Study Finds Children Age Zero to Six Spend As Much Time With TV,
Computers and Video Games As Playing Outside!
12/17/03 - Washington,
D.C. - One in four children under two have a TV in their
bedroom Children in “heavy” TV households are less likely to read
Parents believe in educational value of TV and computers. Even
the very youngest children in America are growing up immersed in media,
spending hours a day watching TV and videos, using computers and playing
video games, according to a new study released today by the Henry J.
Kaiser Family Foundation. Children six and under spend an average of two
hours a day using screen media (1:58), about the same amount of time
they spend playing outside (2:01), and well over the amount they spend
reading or being read to (39 minutes). Read this fascinating research by
the Henry J. Kaiser Family Foundation.
http://www.kff.org/entmedia/entmedia102803nr.cfm
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A
Survival Guide for New Leaders.
12/11/03 - With the new year upon us, lots of executives are about to
make the transition to a newly found position. "SINK
OR SWIM" is a much-loved cliché in business, but it isn't a viable
approach for the half-million managers and executives who start new jobs
at Fortune 500 companies each year, says Harvard Business School
associate professor Michael Watkins. People receive lessons on how to
swim before they're allowed in the deep end; by the same token, new
leaders—and their organizations—need a systematic approach to job
transitions.
It takes just over six months, on average, for new leaders to reach what
Watkins calls the break-even point: the part of the learning curve at
which they start creating net value for their organizations. In his
newly published book, The
First 90 Days (Harvard Business School Press, November 2003),
Watkins lays out a framework for shortening the transition period for
new leaders. The book is available to your right for $17.46 in the
hardcover edition (a 30% savings over the $24.95 list price) - and check
the free shipping offer for the holiday season when your order is $25 or
more. If you're making the shift - grab this one.
Much more information is available on this
subject when you click on the link to the book at your right.
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The
Cab Ride - Author Unknown
12/11/03 - This article is not the usual for our newsletter. It came to
us in a battered state, having been passed along perhaps thousands of
times by those sharing its message with others. It represents a truly
viable form of marketing - known as "viral." We considered the
rag-tag look and decided to improve the almost unreadable form - though
we didn't change a word. You'll see it is quite well written, by an
author we'll never know. We like the message, and we hope you do, too.
If so, please feel free to use the button at the page bottom to pass it
on to a friend. You'll keep the message moving - in a much more readable
form. Good marketing comes in all shapes and sizes, and this example
certainly has a worthy and profitable cause.
The Cab Ride: Author Unknown
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What's
The Strongest Global Brand?
11/11/03 - Here's the 2003 Global Brands Scoreboard from "Business
Week" magazine. Before you click - take a guess at the most
powerful Brand Name the world has to offer. In a world where millions of
brands flood the markets - these companies are the "top of the
top." If you want to learn more about any one of them -
comprehensive links will lead you to much more information on each.
http://bwnt.businessweek.com/brand/2003/index.asp
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What's
The Perfect Age?
10/27/03 - If you could stop time and live forever in good health at a
particular age, what age would you like to live at? The Harris Poll
recently put this question to a nationwide cross section of adults, and
the average age chosen was forty-one. However, this average is based on
replies which vary from younger than twenty-one to ninety or over, so
there is certainly no consensus. This has implications for marketing to
various age groups - so contact us if you'd like to learn more.
Meanwhile, the fascinating article on the survey is at the link
below.
http://www.harrisinteractive.com/harris_poll/index.asp?PID=410
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Becoming
a Mind Reader
10/8/03 - Senior executives used to be able to simply delegate to their
managers and employees. Now, because they are being held more
accountable by their boards, shareholders and stakeholders, they must
know much more about exactly what is happening in each division or
section of their organizations. That means that a senior manager must
not only make that information available in an ongoing, constantly
updated way, but must also be able to communicate the information in a
way that top management can use effectively. Knowing what is expected
and communicating that is key. Here's some insight on what it takes to
"Become a Mind Reader" -published in the latest edition of Darwin
Magazine.
http://www.darwinmag.com/read/100103/mind.html
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The
Essence of Leadership
9/1/03 - What makes a leader? What do those who follow seek from their
leaders? What is the definition of the word "Leadership?" All
these questions are answered for you in an excellent article on
leadership by Harvard Business School MBA Stever Robbins. Take a look.
You'll come away with new insight on how to lead.
http://hbswk.hbs.edu/pubitem.jhtml?id=3640&t=srobbins
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Harvard
Professor Discovers Formula for Sustained Business Success
9/1/03 - A simple formula of 4+2 may be the secret of sustained business
success according to Harvard Business School professor, Nitin Nohria.
Nohria and collegues William Joyce and Bruce Roberson analyzed 160
businesses for common successful management practices. The result is
"What Really Works: The 4+2 Formula for Sustained Business
Success" (HarperBusiness, May 2003). If you want a valuable guide
for your business thinking, read this article.
http://hbswk.hbs.edu/pubitem.jhtml?id=3578&t=strategy
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Which
Customers Are Worth Keeping and Which Aren’t?
Managerial Uses of CLV
7/30/03
- Managers have long been interested in weeding out customers they
consider to be less profitable than others. The question is, how do
managers determine who belongs in that group? According to several
Wharton marketing professors, there is no easy answer, despite new and
increasingly sophisticated efforts to measure what is called “Customer
Lifetime Value” (CLV) – the present value of the likely future
income stream generated by an individual purchaser. CLV, it turns out,
is hard to calculate and even harder to use. The Thompson Group
emphasizes this is a science not matured - making for very dangerous
assumptions that could easily wreck a perfectly good and maturing
customer relationship. Had the Catholic Church - for example (in spite
of its current troubles) - prefaced admission to worship on the basis of
contributions alone, it may have never grown to the size it is today.
One just doesn't know and can't predict the future of mankind - or of
customers. One can treat all who favor the business with their patronage
as though they will become a loyal and profitable client for many years
to come. This often self-fulfilling prophesy is the logical road to
success. Read this article - a detailed examination of not knowing the
answers - so you won't be tempted to predict using the CLV models
available today.
http://knowledge.wharton.upenn.edu/articles.cfm?catid=4&articleid=820
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Surveying For Customer Satisfaction.
Is your company fooling itself?
6/9/03 -
Customer satisfaction has become a major driver for strategic decisions
- especially during the current times. Therefore, companies must become
aware of surveying methodologies and refinements to get accurate
results. Deluding one's self with poorly-designed or error-ridden
research is seldom intentional - but it happens all the time! The result
is having to live through the "Emperor's New Clothes"
syndrome.
When completing our "Update" newsletter satisfaction survey
recently (and giving our newsletter the top score in the process), one
of our subscribers asked for more information about surveying customer
satisfaction. This article by Kevin Cacioppo - from the
"Quality Digest" - will provide a base of information on this
subject. We selected it because of the comprehensive coverage of this
subject. For more information - including approaches to very effective
and accurate online and in-person surveying techniques, give us a call.
http://www.qualitydigest.com/sept00/html/satisfaction.html
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Is Airline Customer Loyalty Flying Out
the Window?
5/15/03 -
Over the
years, the major airlines have spent buckets on building up customer
loyalty, and a level of service that distinguished them from the
low-cost upstarts. But now that the big airlines are in or close to
bankruptcy, they are all slashing costs. They are cutting services that
customers have grown to depend on (like meals and discounts for
children).
What's the impact in terms of customer loyalty? Read
the article in CIO Magazine - and then also read
our comments published there. We think you'll have some thoughts of
your own.
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Who
lives in your neighborhood? Find out.
5/12/03 -
What
are the characteristics of your neighbors? Are they like you?
People
with similar lifestyles tend to live near one another. PRIZM
describes every U.S. neighborhood in terms of 62 distinct lifestyle
types, called clusters; while MicroVision
defines 48 lifestyle types, called segments.
By clicking on the below link and entering your zip code (or another
you might be interested in), you'll get a sample of the information
compiled by either of these marketing information systems.
http://cluster2.claritas.com/YAWYL/Default.wjsp?System=WL
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How
to Keep Your Customers Satisfied.
5/8/03 -
From
CIO Magazine - this
article by Professor Mohanbir Sawhney - the McCormick Tribune
Professor of Technology at Northwestern University's Kellogg School of
Management - discusses customer satisfaction in the high-technology
business - but, the principles discussed apply universally. Professor
emphasizes levels of satisfaction should really be measured as levels
of "success." To do this, one must ask the right questions -
of the right people - at the right time. Our response
to this article appears here - suggesting CIP Magazine readers
check our recent case
study on the Hotel Del Coronado hotel for a perfect example of
what can go wrong when the advice in Professor Sawhney's article is
not heeded. For the article, click on the below link.
http://www.cio.com/archive/050103/netgains.html
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Want
to Keep Up with CRM?
5/8/03 -
Customer
Relationship Management (CRM) is a business strategy to acquire
and retain the most profitable customer relationships. We've been a
faithful follower of CRMGuru.com for a long time now. It's the world's
largest CRM community with 200,000+ members. We consider it the only
source for "straight talk" about this challenging subject.
First, sign up for the free CRM Guru "Customer Think"
newsletter. It comes to you with a free 20-page Guide to Real CRM,
written by CRMGuru's experts.
Click
here to Sign Up Today!
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What
To Do When The Media Calls!
5/5/03 -
Sooner or later, just about everyone in a position of authority will
encounter the opportunity to succeed or fail in a contact with the
media. How will you handle that?
Most people encountering the press have a complete misconception of what
is really going on.
This "article" is actually a seminar that provides invaluable information on
what to expect - and what to do! We thought you might want to see it.
It runs about an hour.
If there's a chance you'll face a
reporter, we put the worth of this seminar at $500 or more, because
it may completely realign your perspective on how to get it right.
We have no affiliation with the firm providing this information.
Just sit back and watch.
The below link will take you to the seminar entry point. Just
replace our information with your
e-mail address and company name (a small price to pay). You'll be
watching a re-broadcast of the session that took place on May 1st.
Just click on the "View" button when the page loads - and
you'll be off and running.
Click
here for Seminar
We hope you will find this seminar
useful. We will appreciate your comments.
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Costco
Shoppers - More Up-Scale than ever.
5/4/03 - If you're not flashing that Costco
card at their front door, you're one of the few who hasn't discovered
the delight in finding great prices on first-rate quality - and
consistent service. No, they don't have a piano player in their lobby,
but you might find the piano - at "way-off" prices. A trip
to the wine section will find best-rated vintages - by the bottle or
case - and the grocery section is a week-long party with sample ladies
cooking away - albeit never fast enough for the fast gobbling hoards
encircling their tables. Want some facts and figures - and strategy on
this $40 billion phenomena? Just click the article below.
http://www.msnbc.com/news/909019.asp?0bl=-0 |
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Mail-In
Rebates - A scandalous marketing practice revealed.
4/10/03 - Rebates - they're hard to avoid if
you're one of the few out there buying things today. Especially
prevalent in offers from electronics, computers, software, cable TV
providers and phone services, these marketing schemes have done more
to destroy customer allegiance than any one factor we can name!
For consumers, we urge you to avoid all customer mail-in rebate
offers. Tell the company offering them you will not purchase their
products or services without an instant rebate - or price discount.
Make sure every retailer understands you will not subject yourself to
the rebate process. Offer to turn the rebate certificate over to them
- and see if they will endure the process of trying to recover the
so-called cash value of the rebate. Only wide-scale rebellion among
consumers will hasten an end to the practice - and bring sanity back
to the purchasing process.
If you are a marketing executive - or a CEO - using the mail-in rebate
process to generate business is absolute evidence of your abandoning
the concept of customer retention. If you are a retailer - falling
prey to rebate tactics by your suppliers - consider this. More than
half of your customers will be left with a negative impression of your
business and never shop with you again! Your costs for acquiring new
customers will skyrocket - and past customers will not return. The
vast majority of buyers seeking fulfillment of their rebates are
frustrated - and they take out their feelings on the seller, not the
manufacturer offering the rebate. Your customer service costs will
skyrocket, as well.
Here's an article published by Motley Fool writer Jeff Fischer that
will give you more insight.
The time is here to put an end to this scurrilous practice in
marketing.
http://www.msnbc.com/news/898443.asp?0na=x2201492- |
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Networking
is not just for job hunters. Here are some great tips.
2/12/03 - Networking - everyone is into it
these days. Not many understand the rules of the game. Here's an
article from Darwin Magazine that nails down key issues for
expanding and efficiently working your network. Whether you are
seeking your next position as an employee - or a businessperson
prospecting for your next customer - the rules stay the same.
Don't miss the final paragraph in this helpful guide. Without adhering
to this reminder, your networking tournament will surely be lost.
http://www.darwinmag.com/read/020103/network.html |
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Ready
for Downsizing?
1/28/03 - Want to scare yourself? Read this
one. It's from Chuck Martin, chairman and CEO of NFI Research - and
it's about the current trend in layoffs and what you should do to
prepare for your own. Appearing in CEO magazine - this might be
targeted for techies - but we think not. Even if it does not come your
way - prepare for the storm to enjoy the calm.
http://www.darwinmag.com/read/010103/layoffs.html |
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The
Super Bowl’s Super-expensive Advertising: Does It Work? |
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1/16/03 - For
the advertising industry and millions of television viewers, the
upcoming Super Bowl broadcast, scheduled for Jan. 26 in
San Diego
, will be a string of entertaining
commercials interrupted from time to time by a football game.
This article from The Wharton School of the University of
Pennsylvania asks - "Does It Work?" |
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http://knowledge.wharton.upenn.edu/articles.cfm?catid=4&articleid=700 |
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How
& When Advertising Works. |
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1/15/03 -
Retailing tycoon John Wanamaker once said, "I know that half of
my advertising doesn't work. The problem is, I don't know which
half." Your company may be spending millions of dollars on
advertising, but how do you know which ads are effective?
This article
from The Wharton School of the University of
Pennsylvania asks why some advertising treatments have an impact on
sales and others do not? |
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http://knowledge.wharton.upenn.edu/articles.cfm?catid=4&articleid=4 |
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Banished
from the Queen's English for 2003.
01/01/03
-
‘Make no
mistakes about it,’ Lake Superior State University issued its 28th annual
‘extreme’ List of Words Banished from the Queen's English for Mis-Use,
Over-Use and General Uselessness, which the world needs ‘now, more than
ever.’ LSSU has been compiling the list since 1976, choosing from
nominations sent from around the world. This year, words and phrases were
pulled from a record 3,000 nominations. Most were sent through the school’s
website. See the list at: http://www.lssu.edu/banished/current/default.html
The
Year to Forget!
12/29/02 - 2002 in business will be remembered as the year to forget! For a
month-by-month recap of the disasters - from Enron in January to Martha
Stewart in June, and then on to United Airlines in December, click
here. Better yet, don't!
Hot
Business Trends for 2003.
12/23/02
-
Trend
watching has emerged in big business as a discipline of business management
and a popular topic among top media publications and futurists. Small business
can benefit from trend watching, too. This feature from About.com is on the
hottest trends for business of all sizes.
Trends are far easier to observe than to time. Timing of entering into a
growing trend market can be costly if the trend has yet to enter public
consciousness. The best time to enter the market is when the trend is entering
mass awareness so educating a market is less expensive. The following 4 trends
were selected for longevity, market awareness & potential profitability.
Click below for the 2-page article.
http://sbinformation.about.com/library/weekly/aa122202a.htm
Will United Survive The
Friendly Skies?
12/17/02
- We've let United have it on numerous occasions. First their service
responses, next their new CEO's first letter after a week on the job, and now
it seems everyone on the planet is talking about whether or not this airline
will make it!
Here's our prediction! It will somehow pull through, though our Frequent Flyer
miles may wind up worth less by having fewer flights to use them on. As this
article discusses, one big factor will be the employees giving up their
position as the industry's best paid. We think they'll at least agree to
reductions - big ones (01/07/03 update: United pilots just agreed to a 27% cut
in pay). They have nowhere else to turn for their jobs - not in
this economy. The economy will slowly improve to United's favor. We also
predict United will go through two more new CEO's before they really get well.
The present one (Glenn Tilton) to hack away at the old ways of doing business,
another to try some new ways - with cost reductions in place - and a third to
run the company after the transformation is over. All this will be forced by
its bankers - and the bankruptcy court - who now have a huge say in what
happens. (01/11/03 update: The bankruptcy court just forced a 14% pay cut on
United mechanics. Our predictions continue on track!)
Read more here from experts better versed on this than we are. It's from the scholarly
halls of Wharton School.
http://knowledge.wharton.upenn.edu/articles.cfm?catid=7&articleid=691&homepage=yes
CEOs, CMOs Differ on Marketing Focus and Funding.
They just aren't on the same page!
12/17/02
- CEOs and their chief marketing officers (CMOs) hold differing views of the
roles that marketing can and should play in a company's overall business
strategy. Further, there is significant discrepancy between CEOs' and CMOs'
expectations about marketing budgets, with marketers believing their budgets
will be increased, while CEOs leave no doubt that they expect marketing to
"do more with less" in an effort to boost profitability.
From The Wharton School of the University of Pennsylvania.
http://www.wharton.upenn.edu/whartonnow/archive/news/2002/11_cmo.html
Use the Power of the Press.
Here's a detailed guide for handling Public Relations
on your own!
11/20/02
- Many small businesses use their own
resources to ply the media with news of their product or service. Public
relations may not be rocket science, but there is an art to it. Here are the
basics, compliments of HP.
http://www.hp.com/sbso/advice/articles_general27.html
All
for a look at a place far away!
Enjoy
a ride to the planet Mars.
09/29/02
- In some ways, this link has nothing to do
with marketing, but in others - it's marketing at it's best. That's because
great marketing captures the imagination. If your imagination is not
stimulated by this ride to the future - go in for a check up - right now!
Imagine having a first-class ticket on this adventure, but hang on to your
martini - the landing is a little rough.
These are video
simulations depicting the new Mars rover, carrying the Athena science payload,
landing on and exploring the Martian surface.
Not
a Bad "Body" ... and the Coffin looks Great, Too!
Who
else but the Italians would market coffins with pinups?
09/17/02
- Death is hardly something to look forward
to, but one Italian funeral home is trying to make the afterlife a tad more
tempting by using bikini-clad women to sell its coffins. On
its web site (see below), the Rome-based funeral home and coffin factory Cisa
features its hand-crafted caskets alongside models sipping champagne or
reclining seductively on the lids. "We
wanted to make the whole idea of picking your coffin less serious, maybe even
make people laugh a bit," Giuseppe Tenara, one of the partners, said. "Some
people are scandalized, but we just explain that we're trying to make people
laugh," Tenara said. While sales have not gone up, awareness certainly
has. The firm's new "differentiation" twist on showing its wares has
gained worldwide attention. Back your kids away from the screen as you visit
these afterlife samples!
http://www.cofanifunebri.it/filo%20oro.jpg
http://www.cofanifunebri.it/padrepio1.jpg
http://www.cofanifunebri.it/stile%20impero%201.jpg
Pricing
and Fairness:
Do Your Customers Assume You Are Gouging Them?
09/12/02
- In trying to assess consumer attitudes towards pricing, marketing professor
Lisa Bolton and two other researchers conducted experiments designed to
measure whether shoppers feel they get a fair shake from the businesses they
regularly patronize. The answer, it turns out, is no. Consumers in fact
routinely assume that companies gouge them and reap large profits. The results
of this research are summarized in a new paper entitled, “Consumer
Perceptions of Price (Un)Fairness.” (Free Registration Required)
http://knowledge.wharton.upenn.edu/articles.cfm?catid=4&articleid=622
Luggage-less
Travel - It's Here!
9/02/02 - In another
example of doing what has led The Ritz-Carlton to becoming the only company in
the service industry to win the Malcolm Baldrige National Quality Award twice,
this paramount firm of the hospitality industry has recently announced
"Luggage-less Travel." It summarizes the concept - now a reality -
on its web site, explaining that (for frequent guests) their entire wardrobe
of essentials will be cleaned and safely stored until the next visit - for the
normal cost of the valet service. Now here's a convenience that spells
customer retention. Why wouldn't you choose to use their luxurious quarters -
especially if your clothes are there waiting for you? Click below to read it
for yourself, and cast away those thoughts of dragging your suitcase through
the airports of today.
http://www.ritzcarlton.com/corporate/press_room/releases/luggage_less_travel.html
Betamax
Fades Away
9/02/02 - Albeit a
superior technology over its arch-rival and vanquisher, VHS, Sony has quietly
laid the Betamax to rest - halting production. While most in the U.S. lost
sight of the product ten years or so back when sales stopped here, not so in
Japan - until now. Fans of the Betamax still populate Earth, and thousands of
the units are still in use. Read the story of how a performance champion was
trampled by an inferior technology - a memory provoking glance at how
marketing sometimes does make a purse out of a sow's ear! The VHS victor -
turnabout is fair play - is now being trounced by the newcomer, DVD.
http://www.kansascity.com/mld/kansascity/entertainment/columnists/3947349.htm
Web
Business Evolves
8/27/02 - Promoting
products or services on the Web still has its worth, but it’s not the main
reason companies launch and maintain a Web presence, according to a recent
survey. Boston-based Yankee Group surveyed more than 600 mid-size to large
enterprises and found that 43 percent of them said information (non-marketing
content) was the primary driver for the existence of their websites.
http://www2.cio.com/metrics/index.cfm
How
to Sell Change
8/26/02 - Dr.
Michael Hammer points out, "Companies don't just have to manage change;
they have to sell it." This article focuses on business-technology
executives - but the principles apply across the board. In this article for
"Optimize" Magazine, he tells how to adapt the tools and techniques
of consumer marketing to ensure company-internal initiatives are accepted.
It's packed with great information for any executive.
http://www.optimizemag.com/issue/002/marketing.htm
MTV
Meets the Information Architecture.
8/23/02 - In
the world of streaming media, it's hard to find a real winner, but the search
has ended. Clever, intelligent, hip, and dazzling - the following sample from
(where else) MTV Europe takes us on a day in the "slicing &
dicing" life of data. If you have a dial-up connection, the presentation
will definitely suffer. Perhaps you can try it, and then bail out if it
doesn't function well. Broadband is definitely the way to go for this one.
Just click on the appropriate link below. After watching - hit the
"back" arrow to return.
For broadband connections, use the first link below:
http://www.mtv.co.uk/mtv.co.uk/en/dynamo/common_files/ram/royksopp/remind_me_high.ram
For dial-up connections, use the below link:
http://www.mtv.co.uk/mtv.co.uk/en/dynamo/common_files/ram/royksopp/remind_me_low.ram
Imagery:
Imagine it - Understand it.
8/06/02 - Debbie
MacInnis, professor of marketing at USC says marketing
folks often talk of the importance of developing a “brand image” or
“corporate image,” since these images presumably help the brand from an
equity standpoint. Bur rare on lips of marketing professionals is
consideration of using “imagery.” Here's her excellent article about
enlisting the mind to enhance your messages. http://www.marketingprofs.com/tutorials/macinnis1.asp
The
Power of the Pyramid
7/20/02 -
Anyone who sat through Psych 101 recalls the foundation of human psychology
and, thereby of motivation, established by Abraham H. Maslow in his
"hierarchy of needs." Featured in our own training at PersuasionPlus
Selling.com, this 60-year-old theory still has zing for any manager
looking to pump up performance. Those in marketing who should already know it
like the back of their hand! The mnemonic "PSSES" is a great way to
remember the pyramid's levels.
http://www.incentivemag.com/incentive/magazine/article_display.jsp?vnu_content_id=1525748
And
now ... a golf break!
7/15/02 - For
those of you with Shockwave Flash installed on your browser (get
it free here) -- here's a great little test of your putting abilities.
Straight from the Harvard website (can you imagine that?) -- here's a way to
relax from all that reading you've been doing! Don't send us your scores! We
have enough to laugh about for now!
http://www.people.fas.harvard.edu/%7epyang/flash/miniputt.swf
Is
Sales from Venus ... and Marketing from Mars?
Or can the two combine for a
winning team?
7/11/02 - The following article asks this question, and suggests some
answers.
Our commentary: Marketing represents a
"strategic" process to determine how the world, including
prospects and customers, will perceive the enterprise. Sales is the
"tactical" process of taking the strategy (embodied in the products,
services and messages marketing mostly creates) to individual
prospects, and customers. The two need never conflict. As the article
points out, this is often not the
reality. We think one answer is placing more emphasis on top management's obligation to build a total team mentality among
all company groups (sales, marketing, operations, manufacturing, finance,
etc.). Without it, the firm's "horses" are pulling in conflicting
directions, causing friction and inefficiency. Most organizations have failed
to convey there is "zero tolerance" for not working together and
absolute empowerment for all in the quest to do so. This might be a great
start to making articles of this sort a thing of the past. For now ... the
article brings forth excellent points.
http://www.crmguru.com/features/2002b/0711jk.html
What's
the Difference Between Marketing & Advertising?
7/10/02 - We often run into the question "What's the difference between
marketing & sales?" The linked article covers a similar comparison
for advertising. We contrast marketing and sales with a short answer.
Marketing is a "Strategic" function - covering a wide body of
actions to achieve an overall result. Sales is a "Tactical"
function, using specific actions to support the strategy. Marketing has the
wider scope, but both must be coordinated for effectiveness. As you will see -
advertising is a similar "Tactical" process. Read
about it here ...
http://www.marketingprofs.com/Perspect/mccall5.asp
Martha
Stewart …Still Living
7/09/02 - You would have to be living in a cave not to be aware of the
brouhaha surrounding Martha Stewart these days. She has been on the cover of
Newsweek, been the subject of leading articles in many of the big papers, been
a constant topic of interest on the national and worldwide newscasts, radio,
and so on. Plus, she has incredible loyalty.
Is all this attention good for the brand? Read
about it here ...
http://www.marketingprofs.com/Perspect/kwebster4.asp
and here's a more recent update - with Martha's history included ...
http://www.msnbc.com/news/913938.asp?0dm=N11KV
Elements
of a Successful Questionnaire; WebSurveyer.com
7/08/02 -
We realize this is fairly specific, but for those who have ever been tasked
with creating a survey, this article provides great guidelines. Just because
you may not actually create surveys, the need to know what - and what not -
needs to be done is an important skill. Read all about it here ...
http://www.websurveyor.com/learn_news0207_bp.asp
Forbes/Milken
Institute ranks the Best Places in America to do business and advance a
career;
California metros in six of the top ten spots
5/24/02 -
Published
in the May 27 issue of Forbes magazine, the 2002 Best Places
survey has California cities holding 10 of the top 25 spots on the list,
with San Diego capturing the No. 1 slot.
See where your city ranks, and the details of the first quarter report here:
http://www.milkeninstitute.org/ranking/rank.cfm
The above site site experienced problems recently. The information can
also be found at http://www.forbes.com/2002/05/09/bestplaces.html
If you think what you see is real, think once more!
5/20/02 - This
fascinating article is for those who think the blue dots on the illustration
are different. The human process of judgment makes decisions about the world
we perceive, and our world changes as a result. If that's all you need to
know, skip this article! But, if you're interested in why we live in a world
we actually create for ourselves - and what that might mean - follow the link
to this article.
http://americanscientist.org/articles/02articles/Purves.html
University
of Michigan Survey shows satisfaction improving.
5/20/02 -
Even so, some firms are far from achieving what consumers expect in the way of
customer service. Notoriously bad are AT&T Cable Services, Pacific Gas
& Electric Company, and Quest Communications. Airlines have improved, and
Federal Express tops the list of all recently surveyed companies with a score
of 82. See the details of the first quarter report here: http://www.theacsi.org/first_quarter.htm
What
Are Your Customers Worth?

5/18/02
- Not all customers are created equal. You need to know their lifetime value,
then compare the cost of acquiring, serving, and keeping them. You
say you value your customers, but it's important to be able to quantify how
much. Measuring customer lifetime value makes it possible to better assess the
ROI of marketing and IT initiatives, as well as evaluate the wisdom of
partnerships with and acquisitions of other companies. But making the switch
to a customer-value focus is no easy feat. It requires nothing short of a
culture change in the business--changes in reward systems, financial
management, and the alignment of your business units.
This excellent article in "Optimize"
Magazine gets to the heart of rational decision making about customer
acquisition and retention. http://optimizemag.com/issue/007/roi.htm
What
is Six Sigma? How does it work?
Six Sigma goes Corporate.
5/18/02
- After years as a manufacturing-process whiz kid, Six Sigma is gaining new
luster as a tool in business-process planning. This additional article from
"Optimize" Magazine takes you through the entire perspective on this
enhancement process, right on to how it is implemented. It's "must"
reading for those interested in quality and profit enhancement.
http://optimizemag.com/issue/007/management.htm
What's
happened with American's financial and travel habits since September 11th?
5/16/02 - The
Smithsonian Research Institute recently published the following information.
Are things getting back to normal? Check the below link to see.
http://www.smithsonianmagresearch.com/results.htm
Where do you fit into the U.S. Age Groups?
The latest U.S. Census Data tells lots about who you are and where you live.
Cocktail talk or business intelligence? You make the choice.
5/15/2002 - The median age of the U.S. population in 2000 was 35.3 years, the
highest it has ever been. The increase in the median age reflects the aging of
the baby boomers. However, the 65-and-over population actually increased at a
slower rate than the overall population for the first time in the history of
the census. Both findings are from a Census 2000 profile highlighting
characteristics of the U.S. population, released today by the Commerce
Department's Census Bureau.
Read the Census news release:
http://www.census.gov/Press-Release/www/2001/cb01cn67.html
Other highlights:
- The number of males (138.1 million) edged closer to the number of females
(143.4 million), raising the sex ratio (males per 100 females) from 95.1 in
1990 to 96.3 in 2000.
- The nation's housing units numbered 115.9 million, an increase of 13.6
million from 1990.
- The average household size in 2000 was 2.59, down slightly from 2.63 in
1990.
- Of the 105.5 million occupied housing units in 2000, 69.8 million were
occupied by owners and 35.7 million by renters; the homeownership rate
increased from 64 percent to 66 percent.
- The number of non-family households rose at twice the rate of family
households 23 percent versus 11 percent.
- Families maintained by women with no husband present increased three times
as fast as married-couple families 21 percent versus 7 percent. Married-couple
families dropped from 55 percent to 52 percent of all households.
To get the whole picture, click on the link below for an Excel spreadsheet
showing the latest data. http://www.census.gov/Press-Release/www/2001/tables/dp_us_2000.xls
Leading Quietly ... A Win-Win Situation
Brash
heroes are not the only leaders a company needs.
Every
successful organization has at least one or two high-profile risk-takers who
triumph in the end and are a company's public face, getting all the attention
and kudos. Joseph L. Badaracco, the John Shad professor of business ethics at
the Harvard Business School, calls them heroes. But in his new book, Leading
Quietly: An Unorthodox Guide to Doing the Right Thing, Badaracco argues
that heroes are not the only leaders a company needs in order to succeed. In
fact, the most impressive, effective leaders are often the unsung ones, those
who labor patiently in the shadows. Read a chapter from this book, then order
the whole work for your library. It's our Book For The Month selection, and you
can order it here for a 20% discount (save $5.00) from the price shown in
this article.
http://www.cio.com/archive/041502/book.html
Seeing the Whole Elephant ...
It's time companies understand what their customers are really worth!
At a time when
new customers are scarce and the economy is in a tailspin, it is more urgent
than ever for a company to retain existing customers and do more business with
them. Companies that are blind to the opportunities within their customer base
will lose out to those that can see the whole elephant, and ride it to
success. Professor Mohanbir Sawhney is the McCormick Tribune professor of
e-commerce and technology at Northwestern University's Kellogg School of
Management and a fellow at DiamondCluster International. You won't want to
miss the way he concisely conveys reality.
http://www.cio.com/archive/041502/netgains.html
What Does Madonna have ... that You Don't?
Here's an article on
what Madonna does, that you might think about doing. It all has to do with
re-invention - and moving with the natural order of things. Contrary to your
first impressions, this is a sophisticated treatise on marketing.
http://www.marketingprofs.com/Perspect/dsouza6.asp
Where are You going without Your Marketing Grammar?
There
is no monopoly of common sense, yet the basics of marketing grammar seem to
elude most businesses. Not surprisingly, their customers stay befuddled and
confused as ever. Here's an article to clear the fog.
http://www.marketingprofs.com/Perspect/dsouza5.asp
Spam
Getting to You! Here are some reasons why ... and what to do.
Here's a great
article on why your inbox is filling with Spam, with the details on how to
help stop it. With less-than-caring direct marketers loving the low cost of
internet messaging, and folks rightfully trying to block their efforts, writer
Joyce Slaton takes us on a trip through the guerrilla war battlefields of Spam
... and what the outcome might mean for us all.
http://www.sfgate.com/cgi-bin/article.cgi?file=/gate/archive/2002/03/18/spmlmt.DTL
How
Good, or Bad, Marketing Decisions Can Make, or Break, a Company
Approximately 60% of new ventures fail because of bad marketing decisions,
according to Wharton professor Leonard Lodish, author of a new book entitled
Entrepreneurial Marketing. The book explores the critical role marketing
decisions – on everything from brand building and positioning to advertising
and pricing - play in a company’s success. As Lodish says: “There are some
business people who intuitively understanding marketing, but there are a lot
who do not.”
http://knowledge.wharton.upenn.edu/articles.cfm?articleid=358&catid=4
Banking
on Good Customer Data
Customer Care
To compete in today’s market, regional banks need to know more than who
their customers are. They need to know where they are, and where they’re
likely to go.
http://www.cio.com/research/crm/edit/c011402_bank.html
Making
Customer Relationship Management Work
Customer relationship
management, or CRM, is the buzzword du jour in business circles. To hear some
proponents talk about it, all a company needs to do is buy and install a
sophisticated CRM software package to maximize its returns from customers.
Wharton faculty members point out, however, that making CRM work involves
doing a lot more.
http://knowledge.wharton.upenn.edu/articles.cfm?articleid=390&catid=4
Powerful
communication: how to increase your personal effectiveness through the way you
communicate
Life is full
of situations that require negotiation, confrontation, and communication. Yet
these three critical skills are seldom addressed formally. Many people in
professional or social situations are expected to be adept at communication
skills with no preparation. And while some people seem to have been born with
the gift of powerful communication skills, others find even the most basic
confrontation a true challenge. The good news is that there are a number of
steps that we can take to learn to be more powerful communicators. Here are
some excellent tips.
http://www.hp.com/sbso/advice/articles_personal7.html
Note: After
reading this article, you may want to consider our own online communications
program, at our subsidiary site PersuasionPlusSelling.com.
Coming
Attractions
Check back often to
see the latest additions. We're keeping our eyes on the world of marketing.
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