Monthly Archives: August 2014

Five Minutes Off

I don’t know how any of you feel about Robin Williams.  I think he was a genius.  His mind had another gear that most of us lack.  Find the video of almost any interview he did and you can see it at work.

I don’t have any business insights to post today and I thought that instead I’d put up what I consider one of his funniest, most brilliant bits.  It also happens to be on a topic we do cover in this space from time to time: golf.

I’ll be back tomorrow with more of the usual drivel.  Today, take five minutes off and watch a genius at work.  We’re all a little worse off with his voice silenced.

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The Ostrich Strategy

We’ve all heard the myth that ostriches bury their heads in the sand, particularly when they’re frightened.  It’s not true (hence a myth) – they’re probably turning some eggs they’ve laid.  We used to have a dog – a bulldog! – that would sort of do the same thing when he was scared or had done something bad.  He would turn his head away from you  – we were 100% sure he believed he was invisible: since he can’t see you, you can’t see him.

Many brands seem to be following a similar strategy when it comes to social media and customer complaints.  A few years ago, Bain Consulting conducted a study that  discovered that while 80% of companies believe they deliver ‘superior’ customer experiences to their customers, just 8% of customers agree.  Who is kidding themselves here?

It’s not an occasional problem.  Another study – this one by Social Media Marketing University – showed that 58.2% of brands receive customer complaints via social media ‘occasionally.’ 10.9%receive them ‘somewhat often’ while 4.9% receive them ‘very often.’  So what do they do, given that surveys reported in news media found that customers expect a response to a complaint posted on a brand’s social media account within one hour?  They pretend they’re invisible.  Is that a bad thing?  You tell me:

  • 58.2% of brands receive customer complaints via social media ‘occasionally.’ 10.9 percent receive them ‘somewhat often’ while 4.9% receive them ‘very often.’
  •  26.1%  of brands reputations have been tarnished as a result of negative social media posts; 15.2% lost customers and 11.4% lost revenue.

And here is the kicker:

  • 23.4% of brands not only do not have a strategy in place to manage negative social commentary, but do not have plans to develop one. 24.5% of brands are in the process of developing a strategy and 7.6% have strategies in place that are currently proving to be ineffective.

This isn’t the only survey that found businesses lacking.  Another one which comes from Sprinklr shows that 20% of companies rarely, if ever, respond to customer complaints made via social. The “ostrich strategy” is about the worst choice a business can make.  Putting your head in the sand doesn’t make the issues go away – it just makes it harder for you to hear them as they get louder and louder.  That’s my take.  Yours?

 

 

 

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Baked Oatmeal

Foodie Friday and our topic today is oatmeal.

Oatmealraisins2

(Photo credit: Wikipedia)

I know – not the best thing for breakfast on a hot summer morning but I know plenty of people who start the day with a steaming bowl of grain no matter what the weather so I’m pressing on.  I was reading one of the many food blogs I scan regularly and it made a great point.  The piece is called Why You Should Stop Boiling Your Oatmeal and Start Baking It.  I’ll admit I’m one of those lazy slobs who throws my oatmeal of choice (Irish Oats, thank you) into the microwave.  The Mrs. boils hers almost every morning – obviously she is a lot more patient than her husband.  Baking never entered either of our minds.  Maybe it should have:

With baked oatmeal, all you have to do is toss it all in a baking dish and slide it into the oven. In about 30 minutes, you’ve got a dish of steaming, tender oats. To enrich it, I use milk instead of water, and just one egg lightens the texture. It’s the perfect stress-free hot breakfast to serve to guests. Why? There’s no à la minute cooking: the oven does all the work.

There is a business point in here too.  In many cases it’s not what we’re doing that’s an issue but how we’re doing it.  People tend to believe their memories instead of facts.  When a business does things in a certain way, that’s a memory.  The facts we might gather if we stepped back and assessed the situation with an open mind might tell us that the process is inefficient or unproductive.  It’s not the what – we need to accomplish the task – but maybe there is a better way to do so.

We need to think about baking the oatmeal in our business lives by asking if there is a better, more efficient, more profitable way to go about it on a regular basis.  Maybe over breakfast?

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