Tag Archives: Business and Economy

Asked And Answered

I’m constantly advocating that we listen to our customers. One of the ways that we can do that is through surveys. The problem with many surveys is that we don’t ask the right questions, or we ask the right questions in the wrong way. Let me explain.

Suppose I were to ask about Obamacare. I might ask if you approve or disapprove of the law. Simple question, right? Unfortunately, wrong. To someone on the right, the “disapprove” answer might come from a disagreement with the mandate that we all have health insurance. To someone on the left, the “disapprove” response might come from feeling that the law doesn’t go far enough and a single payer system is what we need. Same answers, very different perspectives.

We often make that same mistake by not digging deeply enough. We’re told to avoid open-ended questions in survey design (they’re not computer friendly, after all), but in so doing we end up with data which is ambivalent at best and useless at worst. We also make the mistake of asking both new and returning customers the same things. Their perspectives are different and one group should have better, different insights from which we can learn.

Try to remember that consumers get hit up with surveys everywhere these days. You can’t make a customer service call without being prompted to stay on the line after you hang up to complete a survey. Many websites will pop up a user-experience survey while you’re in the midst of trying to find some important information. We need to survey but we need to be judicious. We need to be as personal as we can and to be respectful of our consumer’s time by not asking 30 questions (3 or 4 are optimal).

As with anything in business, put yourself in the customer’s position first. If what you’re asking is vague, repetitive, burdensome, or impersonal, you’ve already got your answer. It’s in your low response rates.

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Filed under Consulting, Helpful Hints

Those Who Aren’t Watching

It’s the Foodie Friday before the Super Bowl. It’s hard for me to imagine The Big Game without food. If I’m invited to a party there is usually an assortment of chips, dips, and snacks to get us through until halftime, when some sort of “main” is brought out. It could be a six-foot deli sandwich or a pot of chili – no self-respecting fan wants to be hovering over a grill or a stove during the Ultimate Game (which, as Hollywood Henderson once pondered, if it’s really the ultimate game, why will they play it again next year?). Many years I stay home and watch the game with someone else who is there TO WATCH THE DAMN GAME and not make idle conversation.

English: American-style pigs in blankets.

(Photo credit: Wikipedia)

Of course, I do need sustenance for my fandom. It’s not football without weenies (pigs in a blanket, hot dogs in puff pastry, whatever you call them) or jalapeño poppers (they look like little footballs!). This year I’ll throw a pork shoulder in either the pressure cooker or the slow cooker for some pulled pork at the half. That will be done long before kickoff.

I rarely go to a sports bar to watch the game. The big advantage is that the food is made for me and there are more choices than I’d have at home or at most parties. The noise level, however, is a big minus, not to mention the cost. Still, this is a choice for a lot of fans as well.

But there is one other segment of people that are instructive for us today. Even the most widely-watched Super Bowls aren’t watched by everyone. There are just some people who aren’t sports fans (the horror!). And they are an opportunity. I’m willing to bet it’s a great Sunday evening to get into almost any restaurant you’d like, and therein lies our business thought.

There are almost always opportunities available if you dig deeply enough. The availability of highly-targeted, one to one media has made it possible to identify the niche audiences that can be aggregated into a great business. That restaurant that might otherwise be empty on Super Bowl Sunday? How about calling or emailing your wait-list or the people who left phone numbers in the event of a cancellation? Maybe seat some folks earlier than usual, promising to have them out by the end of the first half so they can hit a bar or a party or home to watch the second half (the first half of these games tend to be dull anyway).

You take my point. This is the biggest event of every year and yet not everyone cares. Find them – there’s a good business opportunity there. Even the big guys in your category have people who aren’t fans. How are you going to seek them out? The rest of you – enjoy the game!

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Filed under food, Thinking Aloud

The Cobra Effect

If you heard any news this weekend, you probably are aware of the Executive Order banning folks from certain countries from entering the United States. I expect that the folks who issued the order felt that they were doing something pretty straightforward. Instead, they ended up preventing workers with visas, legal residents with green cards, and a host of others who have all their legal certifications in order from traveling here.

English: Indian Spectacled Cobra, Naja Naja Fa...

(Photo credit: Wikipedia)

Since we’re not a political blog, I’m going to put aside humanitarian concerns and politics and instead focus on what one must assume are unintended consequences of the order. It’s the “Cobra Effect” come to life yet again. Unfamiliar with that? It got its name based on what happened when the Indian government offered rewards for dead cobras in an effort to cure a plague of them. Rather than decreasing the number of cobras, people began breeding them and killing them for the reward money. When the government figured this out they stopped paying for them. People released the cobras they no longer needed. Net effect? More cobras and lots of wasted money. Unintended consequences personified!

So how do we avoid the Cobra Effect in our businesses? Not by preserving the status quo since that’s rarely an option. It’s actually as simple as taking the time to think through what possible effects a particular action might have. “If we do this, that might happen.” Don’t be bashful about throwing out absurd conclusions, either. There are many examples those absurdities becoming reality (you gain more weight when you skip meals? Really?).

I guess my thinking is to go fast but do so slowly. Push for change and evolve your products, services, and business, but do so in a manner that thinks through as many of the potential effects those changes could bring about as you can imagine and avoid the Cobra Effect. Make sense?

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Filed under Helpful Hints, Huh?