Tag Archives: Business and Economy

Fins

I was listening to a podcast and someone used an analogy that resonated with me.

English: Apparently a 1960 Plymouth Fury, seen...

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They likened a new product to what the car companies did when they really didn’t have any new innovations to add to a new model so they added fins. The fins didn’t do anything but they gave the car a new look and made all the old cars look…old!

I suppose every business that produces ongoing lines of product – phone manufacturers, cars companies, TV makers, etc. – are under a fair amount of pressure to add features constantly so you’ll feel the need to update a perfectly good item for a newer model.  After all, if we used many products to the end of their useful lives, the economy would probably be in much worse shape.  I’m not sure, however, that simply “adding fins” in the figurative sense is the best route for most businesses.

If you’re going to produce something new, make it something new.  If the new stuff is not a reason to buy the product – and in my mind “fins” don’t do it – they need to make the product demonstrably better.  It should be something users will employ on a regular basis, and preferably they’re something unique.  Adding, say, a soda can cool zone to a car doesn’t, in my mind, fit the bill (yes, that’s a real thing).  Adding dozens of new features to Word, which Microsoft is notorious for doing, that 99% of users won’t use and are just clutter and confusion for a huge percentage is self-defeating.  In many ways, phone manufacturers are the worst.

I love to buy new stuff.  I won’t buy it, however, just for the sake of doing so.  I suspect most consumers think as I do.  I’m waiting for the day when the press release comes out saying “there’s nothing new this year – we made a great product that we hope you bought and we’re committed to making it better.  We’ll let you know when it really is.”  I’m buying the new model of whatever that is the day it’s released.  I won’t be buying something because the release reads “and now with fins!”

You?

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Filed under Reality checks

Word Count Zero

Some days it’s a pretty easy thing to crank out three or four hundred words here in the screed.  Other days it’s a struggle and today is one of those days.  Oh sure, there is plenty of research to write about and a few stupid business tricks about which I’m aware, but I’ve noticed you guys tend not to read the research-oriented posts (there will be fewer) and the stupid stuff the businesses are doing isn’t really taking the idiocy to a new level.  So I’m kind of stuck here at word count zero.

600x750mm sign intended to match the specifica...

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Maybe it’s a good day to write about inspiration vs. preparation.  I try to be prepared by clipping articles I think might provide good fodder for the screed on those days when the inspirational spirit is weak.  The process is one that many businesses use in product development   Find something that’s interesting, add your own twist (hopefully making it better in the process) and market the heck out of it.  The articles I’ve got clipped are fine but my own twisted thoughts seem to be lacking.

Maybe it’s a good day to write about that there’s not a lot to write about.  Businesses seem to be in a rut – there’s a lot of more of the same but not a lot of innovation.  Perhaps that’s because we’re finally on a more sound economic footing and business is getting a chance to see what works in a more normal economic environment.

Maybe it’s a good day to wish one of my dearest friends a happy birthday and write about how the lessons I’ve learned from our relationship over the last 20 or so years have helped me be better at business.  Too many of us tend to think that personal and business behavior should be different.  Not me.   In part that’s because he’s helped me to understand that people who are nice to you in a restaurant (business) and nasty to the servers (personal) are going to turn on you as soon as they no longer think you can help them.  All too true.

Then again, maybe I’ll expand each of those thoughts later on.  In the meantime, we’re done here today unless you have something to add.  Do you?

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Most Read Posts Of The Year – 3

Since it’s Foodie Friday I thought I’d add the most read food-related post to our list.  This one comes from the Friday before the Super Bowl and it’s not surprising that like most things Super Bowl it was widely viewed.  I’m not sure too many other writers put together food, business, and football but this was my take last February.

Many of you will be cooking something for Sunday’s big game and so this Foodie Friday we’ll think a little bit about what recipes to follow.  Actually, it’s more about how one follows any recipe, and what that has in common with business.

An example recipe, printed from the Wikibooks ...

Image via Wikipedia

As I think you might know, my feeling about cooking is that it’s more like jazz while baking is more Baroque music– far more structured and precise.  Given that, the way I see recipes might differ from how you see them and how that perspective carries into business.  Let’s see.

A recipe is a guide, not an edict.  I look at them as outlines of the dish, but it’s up to me as the cook to insert the flavors I want to present.  For example, if I’m making chili for Sunday’s game, I know that most of the folks who will be at the party enjoy fairly hot food so I might change the spice mix accordingly.  Cooking veal cutlets for 20 can be expensive but turkey cutlets in the same recipe can be just as tasty.  With a vegan and a vegetarian as members of the household here, I often modify recipes to accommodate their eating styles too.  I have a sense of the destination and the recipe is the map, but there are often many routes to get to where I’m trying to go.

Business is the same.  There are some basic road maps – take in more than you spend, treat customers and employees well – but every business is different.  Sticking to the recipe isn’t always possible, and sometimes the road we wish to take is closed, but with a good understanding of fundamental techniques and enough knowledge of the building blocks (ingredients), one can cope with changing market conditions and take advantage of opportunities (I was going to make snapper but look at the fresh grouper on sale!) that might arise.

So as you’re whipping up that pot of gumbo, maybe try thickening it with okra instead of your usual file powder.  If you’re not having much luck using SEM for online commerce, maybe social media can be more efficient.  It’s jazz – learn to improvise – oh, and Go Big Blue!

 

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Filed under food, Helpful Hints