Showing posts with label business model. Show all posts
Showing posts with label business model. Show all posts

Tuesday, September 9, 2014

Social Change: The Human Condition Of Business Modeling

Gazing upon the world we have built, and tripping on the stumbling blocks of the haves and the have nots, does the world of business and economics have it backward? As a whole, our commercially driven world creates & sells products and brands first with a secondary focus on volunteerism, social change, and adequate responsiveness to real world needs.

Certainly honest efforts are being made to make a human capital drive more sustainable. TEDTalks, STEM programs, and other similar organized efforts are the inspiration of so many of tomorrow's global business, organizational, & political leaders. But even with all of this tremendous effort, the players in these situations know if they don't maintain public interest, then they, and the people they inspire, will eventually falter.

So how do we avoid creating our own social change villains while maintaining the costly weight of worldly needs? What do I need to do and how do I get there become critical questions, but they focus too much on the individual.

What if, instead, we followed the lead of social change leaders like Richard Branson or Elon Musk and explored the human condition of business modeling? What if we spent more effort supporting entrepreneurial mindsets focused on changing the world and making it a better place without that ever-glowing dollar sign being the ultimate signature of profit?

What questions are most important to you when addressing social change?

Saturday, June 15, 2013

Don't Get Caught Marketing With Your Pants Down

Being transparent in marketing and business is critical. This is especially true considering the public perception of your Marketing is (or at least, should be) found throughout the business model. However, it's equally important to never get caught with your pants down in Marketing.

People today are plugged in everywhere they go. Their digital quick capture cameras and social media smartphone apps are ready and waiting to have a reason to post your dirty laundry. So, unless you have a PR department or consultant on staff ready to play spin doctor, it's important to protect your transparent self and your business as much as you can. Here are a couple of tips:
  • Be prepared with a Marketing Plan and marketing strategies that are meaningful and purposeful to you, your staff, your market, & your industry. Marketing strategies should easily be assessed, evaluated, and streamlined every year when the Marketing Plan is revamped.
  • Don't get left behind technology-wise. Spending too much time trying to catch up with the latest technological trends long after they've had their hay day, hurts staff productivity and, ultimately, eats away at the bottom line of revenue.
  • Always strive to be on the cutting edge of innovation. This doesn't meant that a business needs to have a Research & Development team. It just implies that your business is perceived as the one of the first in your market or industry to incorporate innovative business tactics.
  • If you say you're going to do something, then do it. Empty promises & white lies always have the potential to tarnish the public perception of you and your business. This is applicable at all levels, for all personnel, and at all stages of the business model. This will help solidify you as a thought leader.
What marketing strategy tips or suggestions do you have that help a business from getting caught with their pants down?

Wednesday, May 29, 2013

Marketing: The Common Thread of Every Business Tapestry

From Advertising & Business Development through Sales & Customer Service, Marketing plays a huge part of business growth. It is an integrative thread woven in and out of the overall business model. It links together information that can be reviewed, assessed, and evaluated to determine future growth strategies.

Marketing is as much about the individual as it is about the collective whole. It touches every staff person, subcontractor, vendor / supplier, and customer. The public perception of your business is defined by the interactive color tapestry that bleeds bright with each momentous achievement and can fade just as easily with each misstep.

Every threaded needle starts somewhere. For Marketing, it all begins with ownership and executive leadership. An owner is responsible for the size & scope of the tapestry and the breadth of colors that a business projects. Even the smallest business can shine as bright as a corporation when a leader weaves a design people like.

The next interwoven piece is Internal Marketing. Internal Marketing essentially is the process of marketing a business' mission and vision to all of its employees in order to improve morale, core competencies, and, ultimately, customer relations. This involves everyone, from office administration through sales & service personnel. The mantra of effective Internal Marketing is: support the staff that supports the business and business will grow.

Finally, the Marketing thread weaves it's internal formulated pattern through the various arms of your Business Model that touch each customer, business relation, and the general public. These might include:
  • Business Development
  • Advertising
  • Public Relations / Publicity
  • Sales
  • Customer Service
Each of these business components can change the overall business tapestry. When one or more is stained or frayed, changes will be needed. Since Marketing is the common thread of business, you can change the color or direction of the tapestry by taking away what works and what doesn't. The marketing thread is responsible for breathing life, adding color, and changing the direction of how every business grows.