Specializing in bringing together all components necessary for long term business growth,
profitability and success; and ensuring
that they are working in harmony.

Posts Tagged ‘long-term profitability’

WHERE’S THE REST?

Monday, September 8th, 2014

It is no wonder that McDonald’s and the like continue to lose market share. Several days ago I thought I would grab a quick bite to hold me over until dinner. Typical of previous experiences, I was greeted by a barrage of irritating beepers and buzzers reminding the employees of various tasked that needed to be tended to. “Why don’t they use chimes or even more pleasant sounding bells I asked?”   “They want it to gnaw on our nerves the counter person replied as he shrugged his shoulders.”

I went ahead and ordered a chicken sandwich. When I sat down to bite into it, I discovered that there was not much there – just two buns, a slab of deep fried chicken breast and a pickle. When I brought it back to the counter and requested that they please add tomato and lettuce, and “hey, how ‘bout some mayonnaise? “He returned with it (now dressed as I had originally anticipated and then said “.30 cents please?”

Years ago the famous add for a competing chain had the little old lady asking “where’s the beef!?” Today, we are asking, “where’s the rest?!”

Between beepers, buzzers and substance-less sandwiches, I’m not planning to return anytime soon.

John Russell, the Principal of the Russell Consulting Group  seeks solutions for companies interested in retaining or growing market share with a combination of common sense corporate and management decisions intended to improving brand awareness.

Marketing Strategies and Customer Retention

Wednesday, July 10th, 2013

What good is a business concept without advertising?

What good is advertising without returning customers?

And what good is success without a long term strategy?

Effective advertising needs to reach your intended market – it requires consideration for the ideal ingredients to make this happen.

Maintaining and growing customer share is a result of perceived value, great service and an engaged team who are there to serve

Success comes when you offer great products and services and as a result, the customer falls in love with you!

Now – you have built a solid model for growth – knowing how and where to grow is the next part that is both fun and tricky.

However, “we have streamline seats!”

Monday, June 3rd, 2013

Recently I spoke to a friend who works with United Airlines about his employer being at the bottom of the list with recent customer satisfaction surveys. “How is it that you guys have the uncanny ability to find yourself at the bottom I asked?”

He began explaining that the merger between United and Continental has been less then harmonious. “They have wiped out large swaths of the United flight crews he began. So most of our team has been on extended furloughs. When we do work, it is fewer hours then before the merger. Our old United hub, which use to service all of the flights to Hawaii have now been cut to one. Flight crews from Continental are carrying out the other flights. So perhaps one of the reasons why they are at the bottom of the list he continued, has more to do with how they treat us. We get a call that we are to be up by 5:00 am so that we can take off for a 7 o’clock round-trip which takes eleven to twelve hours and then by the time we get back are told that we need to plan on getting up again (same time) for a long international flight. So here we are, trying to keep passengers happy while we are IV-ing on coffee to ensure that we don’t end up sleep walking through the trip.”

So much for the happy merger.

“Oh, and it gets worse, he continued, here is a customer service doosie for you, we have been given strict orders from corporate not to let passengers know that if their 4.99 Wi-Fi fails, then they can get a refund. They need to go to the United website to find out about this!”
After listening to him, I then brought up the other news about how the airlines are still squeezing even more seats into coach. In addition, making the toilets smaller.

“Oh, yea, he agreed. But you see, it is all about how it is presented. We call them Streamline Seats!” Sounds sort of nice don’t you think? He asked sarcastically. Of course, there is the standard corporate propaganda that we hear so much of these days about how it is all in the name of saving the earth – you know green? – smaller seats are good because they have less weight and in turn require less fuel.”

He rambled on, sharing his more frustrations where it was easy to conclude that perhaps one of the reasons that they are at the bottom of the heap is a reflection of how they are also treating their staff. This conclusion is an easy to make, and we see it every day where companies that become too big to balance their budgets with the needs of their customers and employees have an uncanny way of hurting their long-term performance.

And regarding the rationale for why seats are smaller, as with other businesses making boxes smaller, or suggesting that your towels at the hotel you are staying at needn’t be refreshed daily – really has less to do with going green (saving the environment) but saving green (money to their bottom line)

What is it I do? And, what is it I want to do?

Monday, April 8th, 2013

Recently I conferred with a friend where I suggested areas in her business strategy that I felt I could further advise her.
From issues in business culture to resolving expansion challenges, I shared stories of previous engagements. I then turned our conversation to a business model I had been developing with previous business partners (a model in her sector) that I had always believed that had we continued – would have been immensely successful.

In earlier discussions, we also entertained the idea of utilizing my firm’s services to the benefit of her marketing and funding strategies. Therefore, I confidently assumed that she was already aware of “what I do.” However, as we broadened our discussion to other possible areas of strengths I could offer her she looked at me and simply asked, “What is it you want to do?” “I mean”, she continued, “you have shared stories about what you have done, but you have never told me what you really want to do?”

For a few minutes, I was dumb founded by the question. “Why doesn’t she understand what I do I asked myself?” Who else is there that still doesn’t get it? “Or is the question specific to “what is it I want to do” in the immediate case of the conversation?”

Ironically, later that afternoon I received a call from a respected business colleague who conveyed his own frustration with the same dilemma. “I am good at technology, analytics, problem solving and have a large roller-dx of investors.” But it seems like everybody just wants to put me in a box” he exclaimed.”
To his point, I suggested that he clarify his list of deliverables which are tied in with his love for what he does.

So here is what I want to do:
Bring my specific skills and talents to the benefit of engagements, which allows me to enjoy and profit from using them. Once again, my skills and talents include long and short-term business strategies, which are complemented through marketing and creative advertising.
Building on these attributes include, the capacity to assess employee morale/performance as well as increasing customer retention. (Remember, no advertising or growth strategies are meaningful unless both employees and customers are happy.) Finally, a qualified list of contacts and resources are also available/when required –as part of services provided.

Engagement requirements are not just the amount the financial reward, but that I stand to truly benefit clients objectives from the use of my skills and talents. If not, then I am not interested.
Having multiple business skills does not make me a Jack-Of-All-Trades. I am not. I am not claiming to be a plumber also or software designer too. Nor do I repair cars or build electrical grids. I am however, an expert at taking a full and complete look at a business so that one piece of the flywheel supports the other.

Marketing needs to bring market share. However, when the market share is realized then the company must be ready for the growth that follows – and this is the philosophy I have built my practice on.

As indicated on our website, the mission is:
“Specializing in bringing together all components necessary for long-term business growth, profitability and success; and ensuring that they are working in harmony”.
What part of that do I love? All of it! Because it is all-inclusive for a company’s success!

So what about you? What are the things you are good at? Are their additional services your business can offer which are truly co-complementary? Are you really good at it, or do you need to take some time to further develop it? Whatever you chose to offer, be sure that it diversifies your services in a positive way, which is consistent to providing the best resources available.

WHEN SICK POLICIES MAKE FOR SICK EMPLOYEES

Wednesday, February 16th, 2011

Picture this, a woman sits at her desk coughing and sneezing into a soiled piece of tissue. As she does, looking sick and miserable, her co-worker tells her that her appointment (a customer) is here to meet with her. For a moment, she sighs in anticipation of the ghastly prospect of meeting while feeling sooooo sick. Suddenly the Alka Seltzer cartoon character appears to assure her that with him, everything will be just fine. “Yes, Ms. Office Cubicle Hero, you too can be the strong trooper for your company and even sick, can grind through your day – because Alka Seltzer will ease your symptoms!”

What the ad fails to convey is that Ms. Office Cubicle Hero will most probably infect over half the office with her illness, not to mention her customers! Now how irresponsible is that??!! Unfortunately, many companies still don’t get it.

Pressuring people to come in sick only worsens the level of productivity and loyalty. Customers don’t like it either. For many, it is almost akin to doing business in a dirty rest room. You wouldn’t  want to meet there, would you?

While conducting employee interviews designed to improve motivation and performance, we run across this issue and concern too often. “Why, personnel will ask, are we expected to come in sick and infect our fellow workers?” Not only is this kind of policy short sighted from the perspective of productivity, but it is also a policy that breeds resentment and passive aggressive behavior.

Customer surveys reflect an equally negative perception, particularly in food service sectors. Wrote one customer, “I am glad to have had the opportunity to fill out this survey today. I really have a problem with your establishment having my food served by someone who is obviously sick and should not have come to work. Consider this note as my “never to return again notice. My money is better spent on businesses that actually care about their people and customers alike!”

It is time that this be a hero by coming in sick mentality be stamped out once and for all. Let’s begin with responsible HR policies regarding sick leave (even in a bad economy), and hope that the proprietors of items that mask the symptoms, but not cure the illness will get the message as well.