Tag Archives: golf

Golf Economics And You

Here we are at Monday again and of course I spent a chunk of the weekend playing golf.

United States Golf Association

 (Photo credit: Wikipedia)

As you know, I think we can learn an awful lot about business (and life) from the game and I came across an article this morning that’s a perfect example of that. It’s on the USGA website and was written by an agronomist about course care in challenging times.  What caught my eye is that he writes about a new business model for the game and of course that sort of thinking is exactly what we try to do in this space.

If you’re not familiar with what’s going on in the golf business, it’s a mirror of many others.  The number of folks playing (the customer base) is down, those who do play are playing less (consumption), and the costs of maintaining and operating the business are always going up.  Sounds like a lot of other industries.  So let’s see if what he suggests might help some of those businesses.

First, he talks about making a difficult game easier.  The USGA has a “tee it forward” initiative which encourages players to play from tees more appropriate to their skill level (which also speeds up play).  The piece also gets into removing long rough and getting rid of many bunkers (sand traps) that make it hard for less-skilled golfers.  While I have mixed feeling about that as a golfer, I do think that any business needs to take a hard look at barriers to usage.  Playing golf badly is no fun just like spending hours trying to decipher a PC problem or fix an issue with your car can make veins pop out of your neck.  Game manufacturers have long known this – almost every game offer the ability to set the difficulty level.  How can you do that in your business?

Next he talks about controlling costs.  In golf’s case it’s actions such as not cutting grass in some areas – there are out-of-play areas adjacent to tees that are mowed, irrigated and fertilized and acres of turf can be removed from many golf courses without altering the golf experience.  It reminded me of a legendary story about the early days of Capital Cities Communications and how they were so cost-conscious they only painted the sides of the buildings that faced the roads.  Where can you look at costs without impacting your product?  It needs to be a regular evaluation.

Finally, he talks about using alternative grasses which will cut maintenance and stand up better to heat, etc. which provides a better play experience.  This too is a great point for any business.  While the product may not change (the game is the game!) making it a better user experience is a constant.  No one likes to play a burnt-out golf course jut like no one likes any experience that doesn’t meet the brand promise that got them to the product n the first place.  Lt’s put that on our “to do ” list as well.

What else can you come up with?  Do you like what the author is saying?

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Being Fearless

A 15 year old young woman won the CN Canadian Women’s Open over the weekend.

English: Thirteen year old New Zealander Lydia...

(Photo credit: Wikipedia)

Lydia Ko can’t drive cars but she certainly showed she could drive into the middle of fairways as she beat the best women professionals on the planet.  She’s not yet one of them – she has retained her amateur status because she thinks she might want to play collegiate golf.  That’s a $300,000 decision but one would think she’ll have many years in which to earn that back and a lot more.  This isn’t a total shock – she is the current U.S. Women’s Amateur Champion but she did beat a strong professional field so it’s very unexpected.

What impressed me most about her post-tournament interviews wasn’t her achievement.  In fact, she sounded pretty much like most almost 16 year olds do – lots of use of the word “awesome” in between the giggles.  But she did say something that really impressed me and it’s a great business lesson for the rest of us.  This is from her post-tournament news conference:

Q. Lydia, you’re 15 years old. You’ve just beaten the best players in the world. Has it sunk in what you’ve just accomplished, and was there ever a point on the Back 9 where you’re looking around going what the hell is going on here?
LYDIA KO: (Laughs). I don’t know. Like the first time I looked at the leaderboard was on I think 17 or something. Maybe I had a peek or anything. But I kind of looked at it because I wanted to become more relaxed, and today I said I’ve got nothing to lose. I already got the leading amateur in my bag.
And yeah, all I need to do is play my game, and my goal was 4 under, so I shot 5 under, even better.

In other words, she was fearless.  Her attitude was “I’m a kid, I’m not supposed to win, I’ve already accomplished a lot by winning the Amateur, I’m learning a lot just by participating so why worry.”  How would each of us perform at our jobs if we kept that perspective rather than getting so caught up in the moment or current crisis?  That’s my thought to start the week – you with me?

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What I Learned By Getting Whupped

Yesterday was the final round of my golf club’s championship. I made it all the way to the final match during which I was beaten like a rented mule. I did announce that it was my birthday before we teed off but my opponent’s good wishes ended as soon as we hit the first shots.  I suppose it would be pretty understandable if I was upset, but I’m not. I’ve never made it this far in the competition and the loss wasn’t so much about my playing badly as it was about his playing well. Which is, of course, a business point.

These are a few of the things I learned both prior to and during the butt-kicking:

  • You can have butterflies as long as you can get them to fly in formation.  It’s amazing how much raw energy one can get from being nervous.  You might get it speaking publicly; I got it on the first tee.  My thing was to focus on it  and then to dismiss it.  Noting what’s going on isn’t the same as getting caught up in it.
  • Breaking large tasks down into small pieces really does work.  Thinking about having to win a lot of holes of golf to get to the final was kind of daunting.  Making one good swing to get to the next shot was relatively easy.  Getting revenues to double by the end of the fiscal year is hard; closing one more deal this week seems do-able.
  • Getting beaten isn’t the same as losing.  Avis made a pretty good business being number 2.  Very few categories only can support a single player.
  • Finally, I learned not to compound my mistakes.  It’s hard to hit out of deep rough 200 yards to the green and it’s a much better idea to take one’s medicine, pitch out, and try to knock it close from back in the fairway.  We often make mistakes in business but if we don’t compound them we might just make a surprise par and win the hole.

I realize playing for a club championship isn’t the PGA Tour but it was fun to get a taste of high-level competition.  Like business, it’s far more taxing mentally than it is physically, an ultimately the ability to focus mentally helps overcome the physical challenges.  Fore!

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