Posts Tagged ‘ forex

Before you take a loan take some precausions

112The possibilities of partnership synergy make it worth our while to withhold our prejudices. If we can check ourselves, we have more options. We can avoid the trap and anticipate some magic ahead. Most of all, we can look at the glass as being half full, not half empty. We can assume, that is, that others have more to give us than we can supply for ourselves. The good news is this:We can change.We can let go of our old maps and make new ones. This is especially important as we begin to form partnerships. It’s important to be open, to share nformation, and to dispel the myths that make up many of our mental  maps. It increases our Partnering Intelligence.

With one of my clients, I encountered the concept of “collective” mental maps. Collective memories exist in organizations and turn into powerful myths that defy logic and cause trouble. These myths can become so powerful that when enlightened management tries to overcome them, they are run out of town. In this case I was working with the product manager of a telephone company who was responsible for introducing a new product—Caller ID—in a western state. Janice believed the best way to introduce the product was to announce the introduction and call for the public’s response. The vice president of the organization didn’t agree.He wanted to introduce the product as quickly and quietly as possible—without controversy.

While Janice disagreed with this philosophy, the company’s culture was very powerful. Leadership disliked any publicity. The best strategy for introducing their product, they insisted, was to quietly seek regulatory permission and then advertise through bill inserts. An alliance of battered women’s groups, however, did not want the product introduced at all. It wanted safeguards that would allow a woman to make a call without revealing her number. Then a consumer group that monitors regulated industries discovered what the company was doing—and immediately created a coalition of its constituencies to fight the product’s introduction. Months of wrangling over this issue delayed the debut of Caller ID and cost millions of dollars in marketing, advertising, and training expenses—and many community supporters.

Some more key credit questions

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  • Do people in your organisation view sales from the customers’ perspective?
  • How well do people in your organisation know each individual customer? Could more data be gathered and assessed?
  • Do people in your organisation share information and insights about customers?
  • Are product benefits (not simply product features) highlighted?
  • Could you sell more to existing customers?
  • Do people in your organisation act decisively and swiftly to reassure and impress customers?
  • Do you take a co-ordinated approach to selling online?
  • Is buying online an easy and worthwhile experience for the customer? How could it be improved?
  • Is the website attractive, practical and relevant, learning from the lessons of the early years of website design?
  • Are you ready for the changes that may result from greater internet sales?