The $1,500 Sandwich

I can’t think of anything more appropriate for our Foodie Friday fun this week than the tale of the $1,500 chicken sandwich. Did you hear about this? As reported in Consumerist (and a number of other places):

A DQ Crispy Chicken sandwich

 (Photo credit: Wikipedia)

Andy George of the “How to Make Everything” YouTube channel posted a video about his efforts to make all of the ingredients he’d need for his entirely homemade sandwich, including: growing his own vegetables and pickling his own pickles, making salt from ocean water, milking a cow to make cheese and butter, harvesting wheat and then grinding it to make his own flour, collecting honey and yes, killing a chicken himself. So how was the ultimate homemade sandwich? Eh.

You can watch the entire video here.  I look at this story as the absolute reason we’re in business: to provide value.  After all, chicken sandwiches aren’t typically sold for $1,500, nor do they require you to think ahead six months when you decide to have one.  Instead, there are businesses performing each step – making salt, baking bread, etc. – and adding the values of quality and time so we don’t have to.

That’s really the question each of us needs to answer: how am I providing value to my customer?  How is what I am giving them in return for the money they’re giving me more valuable to them than doing it themselves?  Of course, one wouldn’t expect consumers to, say, build their own cars.  That’s way more complicated than a chicken sandwich, after all.  Then question then becomes how am I providing a better value to my customer than anyone else trying to solve the same problem for them.

We sometimes hear people (generally, unhappy people) muttering “if you want something done right you need to do it yourself” to themselves.  Our job is to convince them that expression is wrong.  When $1,500 chicken sandwiches become an attractive option, we’re all in trouble!

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Filed under Consulting, food, Reality checks

The Bright Side

I have a confession: I am an unrepentant optimist. I’m told that I can find a silver lining in almost any circumstance, and while I’m not a complete idiot with respect to denying reality, I also don’t fall into the trap of seeing only the negative. Anyone who knows me will tell you I have a skeptical side (bordering on cynical), but I think they’d also recognize my generally optimistic nature. What does this have to do with your business?

It has to do with how new concepts are perceived by optimists.  You probably hear about new ideas all the time. Sometimes those ideas make waves, and sometimes they bring storm warnings with respect to the future. It is easy to dismiss them. It’s also easy to find fault with them. You might ask yourself if whatever is being proposed is going to work. That is the wrong question in my mind since inherent in that question is the skeptic’s point of view. You assume there is a chance, maybe even a good chance, that it won’t work.  You dismiss the idea and the possibility of any of the circumstances that might eventuate thereafter.

Optimistic little me doesn’t ask that question. I tend to think about what might happen if the new idea does work, however unlikely that might be. What next? How is my business different? What new competitors or markets emerge?  Even if they don’t, by not having dismissed the new thinking out of hand, I’m better prepared to deal with whatever happens.

I tend to look on the bright side of life, as the song (below) suggests.  Putting aside the positive mental outlook I think optimism provides, from a business perspective using the optimistic perspective would have allowed you to be ready for many of the changes of the last 30 years.  So sing along with the Pythons and tell me if you don’t feel better!

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Filed under Helpful Hints, Thinking Aloud

Changing The Weather

There was a piece on CNN’s site last week that dealt with some changes happening at The Weather Channel. I don’t know about you, but that’s one of the channels I find pretty indispensable, even though my cable service provides a 24/7 local traffic and weather channel too. Over the years, I’ve noticed that the folks at Weather have been adding weather-related programming, and it’s frustrating when you turn on the channel to get an update only to see “Fat Guys In The Woods” or some other canned stuff in lieu of live weather. Apparently, other have noticed as well and Weather is reacting. What they had to say is instructive for all of us, no matter what our business.

Winter of 1946–1947 in the United Kingdom

(Photo credit: Wikipedia)

According to the article, they just announced layoffs:

About 50 of the channel’s 1,400 employees will be leaving. The plan calls for a singular focus “on our unique strength — and that is the weather.” With the cable channel bundle coming under increasing pressure, and “skinny bundles” becoming more common, “it’s inevitable that channels will be cut,” Weather Company CEO David Kenny said in an interview. With this in mind, “we need to be really clear who we are,” Kenny said.

That’s the business point.  There is always the temptation to expand the meaning of our brands.  As we’ve discussed before, we’re not really in control of that meaning anymore: the consumer is.  What The Weather Channel did was to dilute the meaning of the brand, which in this consumer’s mind was live weather and analysis.  I realize that when it’s a sunny day everywhere there isn’t a lot to say, but it’s possible to bring in non-live segments (not programs) while preserving the core identity.  When the channel was taken off DirecTv for a few months, suddenly someone realized that they were no longer indispensable and the basic business model of subscriber fees was put in jeopardy.  Not good.

Ask yourself what is working for your brand.  What does it mean in consumers‘ minds?  You can’t alienate or confuse them while you try to grow the brand’s meaning.  As the man said, be really clear about who you are.  Make sense?

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Filed under Consulting, Huh?