Category Archives: Thinking Aloud

Thoughts From George

Presidents’ Day celebrates the births of George Washington and Abraham Lincoln.  You might not think of Washington as a successful businessman but he was, even after he left the presidency.  He made rye whiskey in retirement after a career as a tobacco farmer.  Since today is a holiday for many of you, I thought I’d get in the “day off” spirit by reposting something from 2009 that still is good advice – Washington’s, not mine!  

April 30: George Washington becomes the first ...

(Photo credit: Wikipedia)

It’s no surprise that almost 282 years after his birth, George Washington has some business thoughts. Now before you click to the next blog, let’s remember that this is the man who predicted the European Union a long time ago except that he called it the “United States of Europe“. His open letter to the American People, written as he left office, raises themes that are even more true today. He urged Americans to unite for the good of the whole country, to avoid permanent foreign alliances, particularly in Europe, and to keep morality first and foremost in government.

Turns out he had some pretty good business advice as well although I’m not sure he intended it as such. So, let’s follow his advice to “Let your Discourse with Men of Business be Short and Comprehensive” and look briefly at a few quotes.

Labor to keep alive in your breast that little spark of celestial fire, called conscience.

We’ve discussed that point many times in this space. It’s impossible to do good business while doing bad things.

My observation is that whenever one person is found adequate to the discharge of a duty… it is worse executed by two persons, and scarcely done at all if three or more are employed therein.

Right-sizing, in other words, but also giving people responsibility and the freedom to act. I suspect that he knew a lot about conservation and deployment of resources from his time near the Delaware.

Worry is the interest paid by those who borrow trouble.

Oh boy. Is there a better quote to sum up all that has gone down in the housing and mortgage industries? Don’t do bad deals and you’ll sleep better! And finally:

Associate with men of good quality if you esteem your own reputation; for it is better to be alone than in bad company.

For whom you work and with whom you do business say a lot about YOU! So Happy Presidents Day and let’s remember the people behind the holiday as well as what they had to say.

Leave a comment

Filed under Thinking Aloud

Inglorious

Foodie Friday and this week I have a little video for you.  This one highlights a campaign run by the folks at Intermarché called Inglorious Fruits And Vegetables.  Intermarché is the third largest supermarkets chain in France.  They noticed that there is an awful lot of wasted food – stuff that’s grown but is deemed imperfect or unappealing and which gets tossed.  To fight against this food waste they decided to sell (30% cheaper) the imperfect fruits and vegetables which they called “the inglorious fruits and vegetables”.  Watch the video but the results were amazing:

As one publication put it:

This initiative is a complete success because it’s a win-win-win campaign : consumers get the same quality products for cheaper, the growers get money for products that are usually thrown away and Intermarché increase its business by selling a brand new line of products.

There is a broader business point here.  How many of us reject the imperfect?  Maybe they’re ideas.  Maybe they’re people.  Maybe they’re underperforming assets.  It’s so easy to assume they’re not useful because they don’t fit our current thinking but maybe there us a win-win business proposition lurking somewhere?  Maybe, as some have suggested, that what we see as imperfect is more about us than what it is we’re judging.  Starting with an open mind and a desire to make something work can produce amazing results, just as it seems to have in France.  How can we all apply that thinking to our businesses?  Something to ponder this weekend!

1 Comment

Filed under Consulting, food, Thinking Aloud

Creepy Or Helpful?

Have you heard that your car is spying on you? Maybe you’re willing to write it off to “oh, so is my phone, my smart TV, my thermostat, etc.” Maybe you’re concerned. If you don’t know anything about it, you can read this piece and learn a little but in a nutshell many late-model cars collect and transmit a lot of information. As the article states:

The information collected includes where drivers have been, like physical location recorded at regular intervals, the last location they were parked, distances and times traveled, and previous destinations entered into navigation systems. A host of diagnostic data on the car is also captured.

This may be a serious issue or it may be just the latest soapbox onto which politicians and others will vault.  Oddly, the concern many people have is less about the cars’ gathering and disseminating data and more about the fact that bad guys could hack into the car and take control from afar.  Nevertheless, I think it raises a good business thought for all of us.  Think this through with me.

  • You get an email from your car manufacturer.  It tells you that based on thousands of other cars  just like yours there is data collected in the past two weeks that says your fuel injection system is failing and to go to the dealer.  You have seen no evidence of problems.  Creepy or helpful?
  • You receive an envelope in the mail from your insurance company notifying you that your premiums are dropping because you have a history of driving near the speed limit and you maintain safe distances from cars around you.  Creepy or helpful?

I think you get the point.  Engineers design these cars, they love data, and what works from an engineering perspective might creep out civilians. We face that issue in marketing with all kids of data gathering.  I think we realize that the data we gather from shoppers – hopefully with their permission and knowledge – are something  shoppers are becoming more willing to offer as long as they reap some benefits.  I think many of us who frequent the web for shopping are long over the creepy factor of personalization although I suspect it’s still pretty prevalent when data from off the web drives marketing messages.

So the answer in my mind is this.  It’s never been easier to track someone and what they are doing.  What we buy, where we drive, with whom we communicate and just about everything else are all readily available data points.  People want promotions and they want emails that are relevant to them.  We can’t, however, allow our desires to be helpful (and to sell something) cross that line into creepy.  We do that when consumers are unaware of what we gather and how it’s going to be used.  I may love my lower insurance rate but I might not be happy when my rates go up if I don’t know the car is sending data to the manufacture who is collecting money from the insurers for the data.

Where do you stand?  Creepy or helpful?

Leave a comment

Filed under Consulting, Thinking Aloud