Offering multimedia to business people, including short instructional videos, articles, ebooks, blogs and quick tips and podcasts.

Archive for the ‘Brand Building’ Category

Branding and the Talent Gravity Organization

Thursday, October 20th, 2011

In Monday’s blog (http://www.kubicalaforestconsulting.com/blog/2011/10/the-four-building-blocks-of-a-talent-gravity-organization-starting-with-branding/) we wrote about Branding as the keystone of a talent gravity organization.

We have seen the impact of brand deterioration in Netflix, Yahoo and recently Bank of America. We’ve written about Netflix and Yahoo in previous blogs. Bank of America is a new entrant into the brand deterioration – irritate the customer – category. As many of you know, Bank of America announced a $5 charge per month for using a debit card.

The Bank of America blames the new debit card fee on the Dodd-Frank legislation, which caps the fees banks can charge when their customers use their debit card. So the customers are angry.

The issue with customer reaction to Netflix and Bank of America is the way the changes were done and the reasons used, which have now infiltrated and likely deteriorated their brand.

Contrast this with companies building their brands: companies such as Apple, Google, Zappos, Zynga, Southwest. These companies, at least so far as we can tell, are working to build their brand in the marketplace. And, at the same time, their well-aligned recruitment strategy helps them build a competitive position in the job market.

Companies with strong positive brand recognition can leverage that brand recognition into strong brand name job advertising: the stronger the market brand the stronger the brand name job advertising potential.

Interestingly, strong brand name job advertising is focused more on the internal qualities of the company and its work environment: its culture. HR Management Guide (http://www.simplehrguide.com/recruitment-strategy-and-competitive-position-on-the-job-market.html) reports that competitive position in recruitment is about:

  • Building the impression of the unique approach to employees
  • Strong corporate values
  • Value of employees as human beings
  • Quick decisions made
  • Innovative solutions for employees to increase performance and productivity
  • Success celebration.

Brand serves as an attractor – it gets the attention of future employees. But culture begins to draw them in.

In Monday’s blog we will discuss the second keystone of a talent gravity organization – Culture.

For more information on branding and our unique model for business growth, see our blogs, free articles, white papers and videos at: www.kubicalaforestconsulting.com

Copyright 2011 Kubica LaForest Consulting

 

Share This Post

The Four Building Blocks of a Talent Gravity Organization: Starting with Branding

Monday, October 17th, 2011

In a recent blog (http://www.kubicalaforestconsulting.com/blog/2011/10/small-business-growth-at-risk-addressing-the-talent-shortage-by-establishing-a-talent-gravity-organization/), we introduced the concept of a Talent Gravity Organization.

We use the term gravity because it aptly describes what an organization is creating to attract – high potential talent to best position it to deliver in the marketplace. There are four components in our model to help you build a remarkable company. Today, we start with your brand.

We know from our high school physics that physical bodies attract with a force proportional to their mass. So metaphorically we are saying that future employees are attracted to your organization based on its mass. And we define organizational mass as:

  • Your brand
  • Your culture
  • Building strong strategic leadership
  • Embedding sound management practices in the organization
  • Competitive compensation and benefits
  • A learning organization
  • A business that celebrates and recognizes the greatness of their employees

We all like to be associated with something great, something that others identify as great. It’s part of human nature. If you had a choice to work for Google or Yahoo, which one would you choose? Based on our experience, the overwhelming choice would be Google. Why, Google has a great brand, it’s well recognized world-wide, it is on the Best Places to Work list, and the stories about the Google’s work environment are legendary. Yahoo on the other hand, fired its CEO over the phone, is trying to decide what it wants to be, its place in the market, and whether or not it wants to sell itself. No wonder people choose Google over Yahoo.

Now, considering our component one –What are you doing about your brand? You don’t have to be a Google, an Apple or some other billion-dollar company. What you have to be is different and remarkable in your niche. How you choose to present yourself to your market will either encourage or discourage candidates. Consider this:

What’s your message to the marketplace?

What’s your promise?

How is it different?

And, how are you getting that message out? (website, articles, talks, videos, podcasts, position papers, testimonials, etc…). Yes a small company just starting out can catch the attention not only of the market but also from the people who you want to attract.

Contrary to current fear-based economics and projections, there are more jobs available in select areas than there are qualified people to fill them. So to grow, you need to fill them, and you will only do that if you are a place people are standing in line to become a part of. And it starts with your brand.

For more information on branding and our unique model for business growth, see our blogs, free articles, white papers and videos at: www.kubicalaforestconsulting.com

Copyright 2011 Kubica LaForest Consulting

 

Share This Post

Protecting Your Brand When Strategy Changes

Thursday, September 8th, 2011

In Monday’s Blog we talked about H-P’s strategy change and the impact on their brand. We also mentioned Research in Motion and their move to a new operating system for the Blackberry next year.

Changing strategy in and of itself is not a bad thing to do. In fact, it can be critical and necessary for the continued growth of the business. So the question for the business owner is not should we change our strategy, but why is change necessary and how do we protect our brand and use the change as a growth initiative?

Why would you change your strategy? Some reasons include:

  • The business is no longer growing
  • Market is changing making your product or service less relevant or irrelevant
  • New market opportunities are opening that could be more lucrative

Before you change your strategy, it is important to follow these five steps:

1)    Understand the market, what’s changing, why it’s changing and the impact it has on you. This is the analytics part.

2)    Define your approach to changing market conditions and design a response – your new strategy

  1. Be sure to clearly define your new target customer base and how you will reach them

3)    Understand the impact your new strategy will have on your current customers

  1. Will revenue be negatively impacted? – not only in direct sales but indirect business you get from the customer being your customer
  2. What will it do to your reputation in the market?

4)    Understand how the strategy change will impact your brand

  1. Will it reinforce your current brand?
  2. Will you need to re-brand?

5)    Explain, Explain, Explain – talk to your customers

Your brand is your promise to the market. It’s how customers (and prospects) see you and know you. If your brand is highly personalized customer service, rapid response, attentiveness, your brand will likely still apply as you change your strategy. If your brand is very specific to your current strategy (i.e. we provide computers, and we are moving away from providing computers) then you will need to re-brand along with developing your new strategy. And you need to do it at the same time.

We mentioned the importance of knowing the customer and the impact any change you make may have on your customer. We believe that customer focus and customer knowledge is critically important to your business. In next Monday’s Blog we will discuss – the voice of the customer.

For more information on business growth see our videos, articles and white papers at: www.kubicalaforestconsulting.com

Copyright 2011 Kubica LaForest Consulting

Share This Post

Protecting Your Brand – What Not To Do

Monday, September 5th, 2011

H-P announced recently that it was getting out of the PC, TouchPad and Smartphone business to focus on software. And their foray into the software business is a $10.2 billion deal to buy Autonomy Corp.

So what happened? The investors are getting nervous and many customers are confused. H-P, in announcing a major shift in strategy, has left the marketplace uncertain (which has been reflected on their share price). Never a good thing to do with your business and to your customers.

And it’s not only H-P leaving the market confused. Research in Motion (maker of the Blackberry), recently introduced their upgraded operating system – BB OS7. It’s faster and getting some good reviews. But wait, next year they are upgrading their operating system to QNX – the operating system they use on the PlayBook.

Two large companies leaving the market wondering – where do we go from here? Time will tell if H-P’s strategy is good or bad. But one thing we do know – their strategy was poorly communicated and created brand confusion. Who is H-P now? What does it mean to the services I am buying from them? Are they now a different company, what does this mean to me? Will we have to look elsewhere for support for the current H-P computers, smartphones and TouchPads we own?

Should we buy a Blackberry now or wait for the new operating system? Will it come out on time; will be work well?

A good brand creates clarity – it creates a promise that you the customer can count on.

As a small business, you need to work diligently not to do this in you market and to your customers. You need to think through your brand (your promise), establish it and protect it. It’s your greatest asset – your differentiator.

In this week’s Quick Tips, we will discuss how to protect your brand if you decide to change strategy.

For more information on business growth see our videos, articles and white papers at: www.kubicalaforestconsulting.com

Copyright 2011 Kubica LaForest Consulting

 

Share This Post

Creating Emotion Appeal to Reach Your Buyers

Thursday, June 2nd, 2011

Monday’s blog addressed how buyers make decisions based on emotion and not on facts alone. We left you with questions on how you are creating an emotional appeal for your buyer, and inquired as to how you are filling the space left open once the facts are consumed.

Today we suggest ideas on how you can create greater emotional appeal for your buyers.

1). Are you creating and presenting a “likeable and approachable” image to the market? Meaning, you may be smart as can be; but if you are not approachable, and likeable, you’re at a disadvantage. (This has to do with your brand – your image, message and delivery. People tend to buy from people they like). True, we see some contrarian behavior (that is people who are dismissive and can appear to some as rude)—but the successful ones do so in an emotive way. This takes careful balance between being personal (and interesting enough to pay attention to) and having the business sense and success that draws people to you for help.

2. Fundamentals are great; but do you have a handle on the up and coming? Are you knowledgeable of the economic and market changes, demographics, trends, technology? It is a beautifully diverse world these days—are you staying abreast of it so as to sufficiently calibrate your own business, and best respond to your customer’s needs? Otherwise said, are you helping them envision a better future with your product or service: a better future grounded in developing trends.

3. Don’t hide. If you do, you quickly become invisible and the “noise” of others takes over. Be visible, stand up in the crowd and be willing to speak for what you believe in; otherwise you won’t be noticed. This includes tooting your own horn when appropriate.

4.  Always, always, always have the buyer’s best interest in mind. Buyers buy based on emotion, but if the emotion was triggered through deceit, buyers remorse sets in and you become someone who won’t be trusted. And in this highly connected world – word spreads.

Copyright 2011 Kubica and LaForest

Share This Post

The Placebo Effect and Your Business

Monday, May 30th, 2011

We’ve all heard about the Placebo Effect. It’s most often used to describe a perceived or actual improvement after treatment that in and of itself has no therapeutic value. It’s when a belief creates a result where no clear cause and effect relationship exists. One lesson the Placebo Effect teaches us is that our perceptions can drive our reality: for example, a “sugar pill” causing a reduction in blood pressure.

What we learn from the Placebo Effect is that there is more involved in creating results (i.e. effects) than the facts or the science. Facts, tangible/measurable events alone, do not create outcomes. There is an intangible, emotional factor that helps create outcomes. This lesson can be applied to your business.

Buyers make decisions based on emotion not on facts alone. Why do you choose the car you choose? Why do you decide to do business with one person and not another? Why does the luxury market exist – and thrive? Facts – unlikely. Do you need the facts? Most definitely. But research shows we make decisions emotionally.

How are you creating an emotional appeal for your buyer? How are you filling the space left open once the facts are consumed? Whether you do this, and how you do this, supports and grows your brand. If buyers believe, based on your brand, that you provide high quality, personalized and caring service, that’s how you will be perceived. That’s how your reputation will develop. The facts most definitely should support your brand, but the buying decision will be made on that intangible – perceived value.

In this week’s Quick Tips, we will provide some ideas and examples of how you can create an emotional appeal for your buyers.

Copyright 2011 Kubica and LaForest

 

Share This Post

Three Keystones for Brand Clarity

Thursday, May 26th, 2011

Monday we presented the common challenge of brand ambiguity. Today we offer key strategies to take brand ambiguity to brand clarity.

Is it clear to your prospects, who you are, what you offer and your value? How your business is perceived in the market is a key factor in turning prospects into buyers. While this may seem intuitive, and even obvious, a brand can easily (and usually unintentionally) become abstruse.

The purpose of a brand is to be recognized for something in the marketplace: to draw people to you by creating a promise for their improved condition. And clarity of your target market is important to direct focus and hence, brand differentiation. So, establishing brand clarity begins with aligning who you are (what you do) with a viable market niche’. (Note – viable is the imperative word. Believe it or not, many overlook this and exuberantly jump into business based only on their passion and neglect understanding and calibrating for the “demand” piece.)

To help you build brand clarity, consider three cornerstone strategies:
1. A base analysis of your market: who you serve (primary customer), refined into your niche’ (what specifically do you offer to them); and, is there market demand (or at least a strong forecasted opportunity)?
a. Understand what the customers in that market value most- that will help you refine your niche’, value proposition and differentiate yourself (that is, be different or better than your competition.)
2. Ensure your brand messages and touch points (website, marketing materials, etc.) clearly articulate and represent your brand and value proposition.
3. And equally important, and thereafter – is your ability to consistently deliver on your brand promise (this is your operations); otherwise, you are creating a huge and common brand ambiguity – saying and doing, differently.

The old saying goes- you can’t be all things to all people, and this holds true in business too. If you do too many things (unless of course you are a large shop), it’s hard to excel and people may not be able to decipher what it is you do; and hence, will overlook you.

©2011 Kubica LaForest Consulting

Share This Post

The Risk and Commonality of Brand Ambiguity

Monday, May 23rd, 2011

How is your business perceived in the market? When you “show up” is it clear who you are and what you have to offer? We find many people just starting out in business; whether as a solopreneur or a small business partnership, have a tendency to want to do too much too soon. For example, if you provide consulting services to the healthcare industry and you tell prospects you can facilitate strategic planning, identify cost reduction opportunities, conduct employee satisfaction surveys, conduct departmental process improvement studies and coach executives, it will be difficult for the prospect to truly understand who you are. And this example doesn’t touch on where you would provide these services: hospitals, physician offices, outpatient facilities or freestanding surgical centers. Sure you can provide all of these services – but who are you and what do you really offer? What are you really good at and hold the most passion for? It’s the difference between going wide or going deep. And going wide is a harder sell.

We often see this in business start-ups (we used a healthcare example, but we find this in other product and service companies). They believe the can do many things and address many markets. And some have the attitude of “why should I deprive anyone of my great products or services.” You shouldn’t do this for three reasons:

1. You don’t have enough time to cover multiple markets

2. You don’t have the resources to cover multiple markets

3. You create brand ambiguity

The purpose of a brand is to be recognized for something in the marketplace: to draw people to you, to create a promise. And this is especially important in our interconnected world where we have the wild west of competition on the Internet. A market niche is important.

Now if you are a big enough business you can provide multiple services to multiple markets. Your brand then becomes a full service company with “one stop shopping”. (But it’s a harder sell if you alone are the full service company!). You could also be a successful generalist in consulting– as long as you are and that your buyers know you are a process consultant.

The temptation is great to go in multiple directions at once. Temptation or not, this is clearly not a good strategy to pursue.

In our Quick Tips this week, using the example of the healthcare consultant above, we will describe how it can be handled.

Copyright 2011 Kubica LaForest Consulting

Share This Post

The Networking Continuum: Balancing Online and Offline Approaches

Thursday, February 17th, 2011

On Monday we indicated the importance of balancing your approach to and strategies in networking: combining the benefits of social media networking and in-person networking activities.

There is tremendous power in a balanced approach, although the feedback we often get when talking to people about this balanced approached is along the following lines: “I really don’t have time to do both, which one should I focus on?”; “I hate having to be put on the spot in meeting other people”; and, “in-person networking takes time and money – both of which I’m short on….”

Before addressing these issues, first answer 3 questions:
1. Are you a product company or a service company?
2. Do you sell your products or services exclusively (or almost exclusively) online, or in person?
3. What is your customer demographic profile?

How you answer these questions doesn’t negate the importance of a combined approach, what it does do, however, is guide you on how you should allocate your online and offline time investment.

Keystones for your Networking Approaches:
1.Online Sales Focus – If you exclusively sell your products or services online, than you should invest a large portion of your time in online networking. (You should, however, supplement this by attending at least one conference or professional event per year, where you are likely to find your buyers or the type of people who are likely to buy from you.)

2.In-Person Sales Focus
If you do not sell your products or services exclusively (or perhaps not at all) online, then meeting people in person is the most powerful business development strategy. It better enables authentic relationship building, and people buy from (and will sell to others) people they like and trust.

3. Demographics
Demographics help further focus and refine your approach. For example, if your primary customer base is the Gen X and Gen Y generations, then more emphasis in online networking makes sense, as these generations are prone to (have been raised with) using social media.

4. On Time and Cost: Return on value trumps either.
Both online and offline networking take time, and ultimately how you spend your time equals money (or lack thereof). Whether offline networking costs significantly more than online marketing depends, as consider this: How much time you spend on LinkedIn, Facebook, Twitter and other social media sites, and what is your return in business? And, the opportunity to build a network of colleagues who will support you and refer you, in addition to meeting prospects, is worth the investment to attend.

Social networking has “leveled the playing field” for small businesses, though it’s misguided to focus solely on an online approach (unless you are a solely a online service.) A balanced approach (in relation to the type of business you have and the demographic you serve) shows the highest return for most small businesses today.

Share This Post

The Blindside of Social Media Networking

Monday, February 14th, 2011

Using social media as a business growth strategy is a sound idea. In fact, if you are not, you are rapidly falling behind the competitive curve. Even healthcare organizations, widely recognized as late adopters for many non-medical technology initiatives, are getting into the game (i.e. Mayo Clinic). LinkedIn, Facebook and Twitter, to name the “big three” are changing the way we do business. Ignore them at your peril.

But there is a caveat: too much of a good thing can be dangerous to your business health. Just look at the evolution from talking to someone on the telephone when contacting a company to being caught up in the telephone electronic triage systems. We have yet to find many customers satisfied with this change.

In putting together your business growth, marketing, customer/client/prospect awareness strategy, it is important to understand that using social media exclusively can in fact hamper your efforts to grow. While social media is pervasive and expansive in its ability to reach large groups of people – literally- throughout the world, it is also devoid of the personal touch. Unless you are a very skilled writer with the ability to communicate clearly with your words or you are a prodigious user of emoticons (which is controversial for many), communication is risky and open to misinterpretation when done electronically.

There is one inescapable fact; businesses grow based on relationships, especially small businesses. Relationships build trust and trust catalyzes positive action. People like to deal with people they know and trust. And meaningful relationships are built using face-to-face contact: Meeting the person, discussing likes, shared interests, and finding common ground.

We encourage a balance between the online world and the offline world of networking.

Social media can be used to provide an introduction. It can also be used as a stay in touch mechanism. It can be used for announcements about the new products and services you are offering. But it should not be used as the sole strategy for growing your business. Does this mean you may have to travel to meet a prospect? Yes, we believe that it does. Does this mean you should personally visit your clients? Yes. Does it mean that you can benefit from professional associations meetings and networking events? Yes, absolutely.

We believe the real advantage lies in combining the reach of social media and the power of in-person meetings. Using both appropriately will differentiate you and provide you with the best of both worlds. Think of a scale with social media on one side and in-person networking on the other: the scale is balanced.

Social media has many advantages and is certainly changing the way business is done. But it is not, and shouldn’t, a substitute for building and maintaining the solid relationships required to truly grow your business.

Copyright 2011 Kubica and LaForest

Share This Post

KLC Biz $ense Blog is proudly powered by WordPress
Entries (RSS) and Comments (RSS).