Category Archives: Helpful Hints

Consumer Reports

I’ve been reading Consumer Reports for decades and I’ve always found it to be a useful resource.   Today, it helps me blog!

One of my favorite parts of the magazine is in the very back – a page called Selling It.  The page contains “goofs, glitches, and gothcas” – things marketers have done either in error (goofs, glitches) or on purpose to deceive consumers in some way (gotchas).  If I were a CEO and my company or product ever appeared on this page, I’d be making some wholesale changes very quickly.

Typically, the goofs are based on sloppy work – someone didn’t proofread something such as a bust of Thomas Jefferson with a plaque affixed commemorating him as our second president.  I guess the TV series about John Adams had it backwards – he must have followed Jefferson into the White House.  Then there are the ads that promise to “Illuminate underarm sweating for up to 6 months with a single treatment” (Botox) or for an “Insulted Cargo Vest” (I’m not sure who said what to it but they should apologize).

More egregious, in my opinion, are the gotchas – CU catching marketers engaging in deceptive behavior.  Not the big guys?  How about a box of Kellogg’s All Bran that features “real strawberries” on the front but which contains far more “strawberry flavored apples” in the ingredients than the few freeze-dried strawberries consumers are lead to believe would predominate.  As we all know (hey – we’re consumers too!), this kind of thing goes on all the time and it shows a total lack of respect for your consumer.

It’s not hard to stay off this page.  Be honest, be careful, have redundant systems to check the checking, hold people accountable, and if something ever does slip through, apologize, make restitution, and be open.  And most importantly, fix the problem and the system or people that permitted it to happen.

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Filed under Consulting, Helpful Hints, Huh?

Not Invented Here

I was reminded, as we dropped our daughter off at college, about my favorite things college offers.  Ideas!  Lots and lots of facts, opinions, and everything in between.  The best stuff humankind has come up with over the last 10,000 years or so.

If you’re open to it, that is.

Some young people go to college with a very specific idea about what they will study.  Others have very fixed ideas about how the world works.  They ignore anything that doesn’t conform to their views and reject anyone who tries to alter them.

Business is not different.  How many organizations suffer from the “not invented here” syndrome?  It’s easy to detect.  New managers come in and immediately change the ad agency.  The same new managers will tear apart a system that is functioning well simply because they want the system to be theirs.  Prior management is, by definition, incompetent, short-sighted, and foolish.  In software, any code not written within the organization is rejected.  Wheels are reinvented.   You get the picture.

The web has moved to open standards.  Wireless is on the way there.  So why are some managers and organizations working with a closed innovation standard? Just because something wasn’t invented by you or within your company doesn’t mean it’s bad.

I reminded my daughter to keep an open mind.  There are a tremendous number of great thoughts in the air and it turns out that a great many of them were invented elsewhere.  This isn’t a paean to the status quo, just a reminder that a closed mind and knee-jerk reactions are generally not the best assets for a smart businessperson.  Or student!

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Filed under Helpful Hints, Thinking Aloud

Careful with that fact, Eugene

I know it’s early in the week for an obscure Pink Floyd reference so let me explain.  The Olympics ended the other day and Nielsen is reporting some very large viewership numbers.  In fact, according to the Hollywood Reporter…

NBC Universal smashed yet another historic ratings benchmark: The Beijing Olympics is the most-watched U.S. television event of all time.  Through 16 days of coverage, 211 million viewers tuned in to the Olympics on NBC Universal’s broadcast and cable outlets, according to NBC citing Nielsen Media Research.  That’s 2 million more than watched the 1996 Atlanta Games, the previous all-time record-holder.

Lovely story, good for NBC, go USA.  But let’s spend a few seconds to look behind the numbers as an example of how one always needs to ask questions about any statistic.  There are roughly 115 million homes in the US and nearly 113 million of them have a TV (112,800,000 out of 114,890,000 to be precise). There are multiple viewers per home so there are around 285 million persons 2+ in the universe base.  I don’t have the 1996 people estimates but I think it’s fair to assume that ratio hasn’t changed very much.

In 1996, there were 97,540,000 homes and 95,900,000 TV homes.  So whilst TV homes grew nearly 17 million since 1996, and the number of people in those homes probably grew by 30+ million, Olympics viewing grew only by 2 million viewers.  Now, is that as impressive?  I’d say yes, given the fragmentation of media since 1996 but one could also argue that Olympics viewing has lagged, with 10% – 15% of universe growth actually reflected in viewing.  Heck, you’d expect a 15% pop in viewing just from the growth of homes.

The point is that in business, one can’t just hear a number and nod one’s head.  Ask questions, look for the numbers behind the number.  Challenge whomever is delivering the number to you.  Great executives will beat you to the punch and make sure every number they deliver is in perspective.

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Filed under Helpful Hints, Reality checks