суббота, 14 марта 2015 г.

Setting Goals: 3 Steps to Igniting Workplace Engagement

Setting Goals: 3 Steps to Igniting Workplace Engagement


The most important power a CEO has is the power to motivate the company’s employees. However, few CEOs realize just how critical it that job is. Often, the ability to motivate is chalked up to a natural flair or charisma -- but in fact some simple practices can help any leader inspire an entire company.
It begins with setting goals. I don’t mean the dry, mandatory exercises where staff write something obligatory, submit it to their managers and promptly forget about it. I’m talking about setting goals that galvanize the entire company. When you think about it, goals should be exciting. They shape the future. They give staff the power to direct their daily responsibilities and even their careers. They infuse the company with an energizing sense of purpose.
Setting meaningful goals can help even disconnected employees feel invested in the company’s success. And an enthusiastic workforce equals a high-performing company.
To begin the process, follow these three steps:

1. Begin with company goals. 

It’s the job of the CEO to select the company’s top goals. Maybe they include new product development or a way to help the local community. They’re not random, of course; you’ll listen to the market, analyze past results and brainstorm with key advisors. But the real secret here is listening to the customer. The smartest businesses today practice agile strategies, and in this case that means aligning your goals with what your customers are trying to achieve.
Pro tip: When you draft your official goals, don’t just stick to the operational. Include two or three big ambitious goals -- the kind that move the needle. They’ll be too remote to feature in your immediate plans, but you want to promote them anyhow. Why? Because these are the goals that will get your employees excited about coming to work every day.

2. Focus on the 'why.'

Let’s face it, most businesses don’t have Apple’s hipness factor or a clear and relatable purpose like an environmental company. That means it’s your job as CEO to draw the connection between the employee’s duties and the customer’s benefit. Employees need to know that what they do during the day impacts big-scale results. By putting the employee’s purpose in the context of helping others, you can help everyone understand their role in achieving the company goals. It’s a critical ingredient in making sure the goals get executed. If you fail to provide a “why,” your busy employees simply won’t make their goals a priority.
Pro tip: Link the “why” of goals back to your company’s core values and mission. That provides wind at your back and makes it easy to prioritize plans.

3. Get your employees involved

This is where most leaders derail the whole goal-setting enterprise, as they tend to get overly detailed in their planning and try to set everyone else’s goals. Because the CEO doesn’t know how to actually do everyone’s job, those plans wind up being implausible and disconnected from the staff’s day-to-day reality. Instead, trust your people to write their own goals. Allowing employees to select the “how” of their contributions will boost morale and help them connect their work to results. Provide guidance and motivation, but let them chart their course.
Pro tip: Encourage employees to align their goals with their manager’s to ensure all goals line up with the company end game. Tools like scorecards and dashboards will help keep everyone on track, while metrics for measuring progress will keep your workforce enthusiastic.
When you get down to it, the heart of goal setting is communication. Employees feel motivated when they understand how their work impacts the company’s mission. Communicate a sense of purpose and give your team autonomy in their contributions, and you’ll have a workforce committed to driving the company forward.

понедельник, 9 марта 2015 г.

Customer Journey Mapping (CJM)


Introduction

One of the biggest challenges facing companies when they want to become customer focused is that their own organisation is based around functional silos. This is not only noticeable to customers as they are passed from function to function looking for service, but also to companies themselves either when they look to start a customer improvement initiative, or look to implement change based around customer feedback. With organisational hierarchy based around functions the ability to make effective decisions and push through change is fundamentally opposite to how a customer wants to experience dealing with them. A customer wants to experience an organisation that provides a single seamless journey across all touchpoints from initial enquiry right through to any required post sales support. An approach to overcome these barriers is to consider the total customer journey.

We have all experienced the situation where you are told one thing before purchasing a service / product, whether that is by a sales person, reading through general marketing literature, or reading the company’s website, and then post sale receiving a completely different experience. It is as if you are dealing with at least two different organisations. Every time a customer contacts the organisation or its representatives, there is an opportunity for a customer “moment of truth”. These “moments of truth” are opportunities for the organisation to make a good or bad impression on the customer and are key moments in the customer journey. My recent example was buying a washing machine from a well known white goods manufacturer, which was actually supplied through a website of a high street retailer, and the after sales service being provided by a third branded party. Although I later found out that the after sales company was actually owned by the manufacturer no one would take ownership of the total experience from what I thought I had bought, to the level of service that I did (or didn’t in this particular case) receive from the after sales organisation. They couldn’t understand my frustration! In my experience with the white goods manufacturer, my “moments of truth” were overwhelmingly negative – not conducive to placing my custom with them next time. Perhaps what had happened was the colliding of more than one customer journey.
So what is Customer Journey Mapping (CJM)?

It looks at mapping out the total customer experience across all touchpoints between the customer and the organisation, from initial contact, through purchasing, after sales support, and hopefully onto renewal / repurchase. It maps the experience that:
you want to provide to the customer
the customer would like to receive

And what are the most important factors from the customers’ perspective in determining whether they will remain loyal to your brand?

The gaps between the desired customer experience and the one actually received – the “moments of truth” – indicate where the actions need to be focused.

In the outline Customer Journey map below we have listed what could be the key elements in the customer journey starting with Awareness and progressing through Purchasing right through to Renewal.



Each element of the customer journey (e.g. Aware, Query …) will probably have a number of customer touchpoints such as accessing the website, or calling the organisation. Possible touchpoints (or opportunities for customer moments of truth) are illustrated below. What the company needs to do is ensure the customer receives the quality of experience they require at each of these touchpoints, thereby providing positive customer moments of truth.



For each of these customer touchpoints against each element of the customer journey, the organisation then needs to identify:
An owner
The impact it has upon the customers’ experience
The gaps between desired and current performance

This then allows the organisation to focus on issues that are key for both the customer and them. The creation of the journey highlights to different functions across the business where they come into contact with customers and where they influence the customers’ experience and have the opportunity to provide positive customer moments of truth, which may also be at a much later point in the journey. A recent example for me was when buying a settee I was told by the sales person the delivery date. I therefore scheduled decorating and removal of the old settee around that date. A whole month before it was due I was told by the delivery company that it had arrived and I needed to accept delivery within the next week. So an expectation set at the point of sale had a major impact at the point of delivery. Different functions within the same business but all part of the same customer journey.
What are the key benefits of Customer Journey Mapping (CJM)?

A summary of the key benefits of Customer Journey Mapping and drawing up Customer Journey maps would be:
Provides a single cross business unit view of the experience delivered by all customers facing functions
Defines key enabling requirements (skills, data, processes, measures, etc.)
Highlights areas of importance (where effort should be applied) and areas not valued by customers (so costs can be optimised)
So when should Customer Journey Mapping (CJM) be utilised?

You should expect to receive significant benefit through utilising this approach when you want to achieve any of the following:
Understand the experience of different groups of customers
Improve efficiency and remove inconsistencies in the customer’s experience
Identify a more seamless experience across businesses, functional silos and channels
Design a new customer experience
Assess the impact of wider internal developments on the customer’s experience
Establish development priorities
Develop cross business alignment across the organisation
Improve your single overall measure of customer expereince

With growing utilisation of this approach there are an increasing number of examples of organisations that are reaping the benefits of either utilising this approach, or one closely related to it. A variety of industries are being covered included airlines, hotel and hospitality, mobile phone companies, public sector organisations, financial services industries etc.

Customer Journey Mapping: Apply Insights Everywhere


Customer journey mapping is a big investment in most companies, and money is being left on the table. That's because there are many more applications for customer experience insights than first meets the eye. While the sponsoring organization may feel like their hands are full in applying the journey map findings to their corner of the company, there are likely other departments that could benefit from the new-found intelligence. As the famous phrase in the movie Jerry Maguire goes: "Help me help you!"
Additionally, customer experience insights should be woven into strategies, organization structure, processes, policies, hiring and promotion criteria, training and performance assessment, and the general psyche of the company. Yes, there's a reason why executives are still saying: "Show me the money!"
In this 3-part series, we're looking at 3 keys to getting it right: focus on the customers' experience journeymap for actionability, and apply insights everywhere. This post takes on the third key:
Apply Insights Everywhere: Application to front-line employees and customer touch-points, and conversations about how to un-silo processes and information are huge steps forward, yet insufficient if you seek to maximize business results.
DO THIS: Plan from the beginning to involve everyone in understanding and managing their ripple effect on customer experience.
  1. Based on the segmentation of expectation sets described in the first "do this" tip in Customer Experience Journeys: Map for Actionability, characterize customer experience personas by what they expect in each step of their journey, what pains they deal with, their typical workarounds, and their "wildest dreams" wish list. Plan your research accordingly. You can add demographic and psychographic characterizations secondarily to the expectations information. This type of persona can be useful to every functional area in preventing negative ramifications to customers and anticipating and creating value-enhancing aspects of the customer experience.
  2. Think of each customer touch-point as a long chain of value enablers/inhibitors going back into your entire company and the companies you rely upon.
  3. Value potential savings as strongly as potential revenue. By saving time, effort, worry, risk, and money for customers, you're earning the right to receive higher share of budget/wallet and longer relationships with customers. By saving time, effort, worry, and money for employees, you're enabling happier employees to enable happier customers. And you're aligning the company to focus on value that's rewarded by customers.
  4. Focus innovations on what the customers are trying to get done: what are they integrating your product/service with, and how can you make it easier and more successful for them? In this sense, innovations are not just new revenue streams, but also new ways to enhance the customer experience (differentiate your company), before, during, and after purchase or touch-points.
  5. Adjust your voice-of-the-customer methods to reflect what you've learned about customers' realities, expectations, and preferences.
  6. Apply your customers' goals to your executives' and employees' goals.
  7. Refine your corporate and business line strategies, processes, policies, organization structure, business models, promotion and compensation, training and recognition, messaging internally and externally, etc. according to what you've learned from your customer experience journey mapping.
NOT THAT: Even if your job role, as initiator of a journey map effort, may be relatively narrow, resist the temptation to use the map only within your organization, as other organizations DO impact your success, and most importantly, the customers' success.
  1. Don't confuse expectation-set segmentation with psychographic segmentation. If you believe that unhappy customers are caused by reality not living up to expectations, then one of the most valuable things your voice-of-the-customer research can reveal is how to recognize and proactively manage customers' expectations.
  2. Don't assume that customer experience personas initiated by engineering (R&D) are only applicable to that function (and vice versa for branding, advertising, marketing, sales, or service-initiated customer experience personas). Share insights widely and deeply to get everyone on the same page and reap the most value from your research investment.
  3. Don't think only of "onstage and backstage" people, processes, and systems that contribute to and determine customer experience success. Be holistic, and get specific in order to drive ownership and action across the chain leading up to what customers see. A chain is only as strong as its weakest link.
Customer journey maps are a means to an end, not an end in themselves. They are one of many alternatives you can select to understand your customers' world. The purpose of understanding your customers' world is to become their preferred source toward achieving the capabilities they're seeking. That's what creates a revenue machine with strong profit growth. Remember that popular practice does not necessarily imply best practice. A sensible approach to customer experience journey mapping — and all other voice-of-the-customer and customer experience intelligence methods — is what's needed for sustained customer experience ROI.
 
Notes:
  1. Customer Journey Mapping is part of VoC, Customer Insight & Understanding, which is one of the six domains in thebody of knowledge advocated by the Customer Experience Professionals Association (CXPA). (ClearAction offers aCCXP Exam Prep Course.)
  2. The concept of "Do This, Not That" is borrowed from the popular book "Eat This, Not That", where the weaknesses of common practices and myths are brought to light and sensible replacements are recommended. (For assistance with CX journey mapping methodology or actionability, see http://clearactioncx.com/customer-experience-journey-mapping/).
Contact the author, Lynn Hunsaker, to find out how to customize these practices to your situation.

The 5 Most Profitable Industries in the U.S.




Fantasy sports services and online surveys haven't been around 
long, but the profit margins in these sectors are blowing away 
other those in other industries. Here's why.
Gaudy revenue figures may get a business a lot of attention, but profits are where companies live and die.
As a part of Inc.'s annual look at the best industries for starting a business, we decided to highlight the niche sectors that may not make as many headlines based on revenue, but that have higher-than-usual profit margins. 
The selections come from IBISWorld's exhaustive list of U.S. sectors, which looks at everything from projected revenue growth to labor requirements. Here are the five best industries for starting a business in the U.S. based on profit margin. 
Note: Because of high barriers to entry, the following industries were excluded from the below list: high frequency trading, private equity and hedge funds, trusts and estates, and oil pipeline transportation. 

5. Urban Planning Software

Average profit margin: 36 percent
2014 industry revenue: $1.7 billion
Urban planning software includes computer programs for city and regional planning, topography modeling, and map analytics. Demand for these services is driven primarily by state and local governments, as well as private companies in the construction sector. Industry revenue is expected to grow to $1.9 billion this year, while average profit margins should increase to 39 percent by 2020, according to IBISWorld.

4. Business Analytics & Enterprise Software Publishing

Average profit margin: 37 percent
2014 industry revenue: $28.2 billion (estimated)
Two of the most widely used products to come out of this industry are customer relationship management systems (commonly known as CRM) and enterprise resource planning systems, both of which are standard tools at many of the largest U.S. companies. IBISWorld predicts industry revenue could reach $33.3 billion by 2019, driven by an increasing variety of businesses using these systems to manage data. 

3. Fantasy Sports Services

Average profit margin: 38 percent
2014 industry revenue: $1.4 billion
Growth in the fantasy sports services industry is being driven by rapidly spreading interest in fantasy sports and the increasing number of broadband and mobile connections. Internet advertising spending is also rising steadily, which translates into growing revenue for this industry. IBISWorld predicts fantasy sports services revenue will reach $2 billion by 2019.

2. Human Resources & Payroll Software

Average profit margin: 40 percent
2014 industry revenue: $6.3 billion
The human resources and payroll software industry has benefited in recent years from more companies automating their back-office HR tasks. This has in turn led to an increase in the number of software companies entering the market with lucrative cloud-based offerings. IBISWorld predicts revenue for this sector will reach $9.2 billion in 2019.

1. Online Survey Software

Average profit margin: 55 percent
2014 industry revenue: $2.7 billion
The online survey software industry has very low labor and capital requirements, giving the sector an unusually high average profit margin. Low barriers to entry and skill requirements also are helping new companies enter the space. IBISWorld predicts revenue for this sector will reach $3.6 billion in 2019.
https://bit.ly/2UEfG2k

10 benefits of branded work wear

New Ways of Thinking about Business Challenges for 2015



As we round out the first month of 2015 – typically a time when people abandon their goals and settle on failing on the resolutions they made – ask yourself, "how is my New Year’s Resolution working for me?" Maybe you decided to become a better manager, but realized the philosophy you chose is not motivating your team or improving efficiencies.
You are not alone – don't give up yet!
Many people have tried applying the "best" management thinking of their day to improve their organizations. But time after time these “best practices” failed to create value. Instead of helping to manage the growing complexity of business, all of these supposed solutions only seemed to make things worse, less effective and more complicated.
The truth is that the management practices you learned in business school are outdated. Complication doesn’t work in 2015. There is better way.
Through my on-the-ground work with organizations and incredibly talented people, I have developed and battle-tested a new approach to management: Smart Simplicity. The world is getting more complex and organizations generally respond by getting more complicated. More time is spent managing work and less time actually doing it. Companies respond to the new complexity of business by increasing their internal complicatenedness, which only hinders productivity and innovation while disengaging their people. Smart Simplicity is a set of principles designed to better manage business complexity while reducing organizational complication, by making people more autonomous, cooperative and able to solve problems.
The six main tenets of Smart Simplicity are the focus of my book, Six Simple Rules: How to Manage Complexity Without Getting Complicated, which I published last year with my BCG colleague, Peter Tollman.
1. Understand what your people do.
While most management approaches add unnecessary functions and procedures, Smart Simplicity begins by examining the day-to-day reality of how people behave and why. The central insight? If people do what they do it is because it is the best solution they find to deal with their situation – otherwise they would do something else! Actions and decisions constitute "individually useful strategies." They act rationally, even if their combined actions often create problems for the organization. The essence of Smart Simplicity is to understand that, and then change the conditions inside the organization so people’s individually useful behaviors align with what you need them to do.
2. Identify the “integrators” who make cooperation happen, and empower them.
These people are situated at the centers of tension caused by opposing interests – hotel receptionists, for example, who balance the demands of impatient customers with the constraints of other hotel workers. Their unique position allows them to spur cooperation – in order to push through the problem at hand and get the job done.
3. Give more people more power.
Power isn't finite, and if managers empower people to make decisions in the organization, they can think, act and solve problems on their own. Creating power doesn't necessarily look "strategic" – it can be as simple as giving store mangers control over staffing. But it can have a real impact on performance, and can make your organization more agile, responsive and competitive.
4. Take away resources.
Having fewer resources means people have no choice but to rely on each other, which helps to foster cooperation. Think of a household with several people living in it. If those people own multiple televisions, there is no need for them to cooperate about what to watch. But, if you take away all the televisions except one, they will have to cooperate to decide between baseball and Masterpiece Theatre.
5. Actions have consequences and living with the consequences boosts performance.
People work better when they see the consequences of their actions–and have to live with them. A car manufacturer’s products were famously hard to repair, so the company sent its engineers to work as mechanics in the repairs department. Confronted with the repair difficulties themselves, the engineers quickly found solutions to make their cars easier to fix.
6. Reward those who cooperate.
If people are afraid to fail, they will hide problems from you and the rest of their peers. Reward people who bring problems to the surface – and reserve blame for those who don’t come together to help solve them.
My recommendation for managers in 2015 is to avoid complication in your companies. By employing Smart Simplicity, you better manage business complexity, take cost out and create competitive advantage while simultaneously engaging your teams and improving their satisfaction at work.

Senior Partner & Fellow, Boston Consulting Group

воскресенье, 8 марта 2015 г.

The Sales Manager’s Success Checklist



By Steven A. Rosen
January sales are in, how are you doing? Are you on track for a successful year?
This is a difficult question to answer.
How can you assess if you are on track? It is far to early to look your at sales.
Go through the checklist below and see how many items you have completed to ensure that you are on track.
Here are the top 10 questions you should ask yourself and your sales managers to gauge if you/they have set the foundation for success.
Success








The STAR 10 Point Checklist

1. Have You Identified Your 2-3 Key Success Factors?
As the leader of your team it is critical that you have identified 2-3 things that your team needs to do extremely well in order to be successful. Keep your plan simple. Many times managers tend to complicate things because they really don’t know what key success factors (KSFs) are going to make a difference so they come up with too many of them. If you want your sales team to perform and perform well you need to give them the gift of focus. Decide on your KSFs and measure them monthly.
Watch my video “Focus on What is Going to Make you Successful!”
Have you identified and communicated your key success factors to your team? If you have, then give yourself a  
Otherwise get it done NOW!
2. Do All Your Sales Reps Have Strong Business Plans?
In order to get a jump-start on the year, reps should have developed their annual business plans. Two key areas of focus are: what accounts represent the best opportunity to achieve their quota, and which accounts is new business going to come from. Strong business plans have clear steps and tactics on what the rep needs to do to move business forward with each account.
If all your reps have strong well-articulated business plans, give yourself a 
3. Have You Built Your Coaching Plan?
Sales coaching is the #1 sales management activity that drives sales performance. The reality is your most precious resource as a sales manager is your time. You only have so much time. Many managers look at coaching as just another “to-do” item on their task list. In fact, coaching is the most important activity in which one must allocate time. Realistically, how many managers take the time to plan how many days they will spend in the field, how many days they will work with each rep and what the monthly breakdown is by month? If you want to better plan your coaching time then get your FREE STAR Coaching Planner and build your plan this week.
If you download the STAR Coaching Planner and build your coaching plan give yourself a 
4. Have You Established a Coaching Plan for Each Rep? 
A big part of your role is to develop your sales people to become better. It is about moving your B’s to B+ etc. In order to do so, you will need to gain a commitment from each of your sales people to decide on what area(s) they will be open to working on and how they will do so. A focused coaching plan for each of your reps enables you to help them develop 1-2 specific skill sets or behaviors. Remember small changes in skills have large impact on sales.
If you have built specific development/coaching plans with each of your reps for 2015 then give yourself a 
If not, get a copy of my FREE Goal Planning Guide for each of your sales people to use as a tool to build their goals/sales development plan.
5. Do You Have the Right Team In Place?
Are there any sales people on your team that should not be there? If so, I recommend that you deal with them early in the year. In fact, if you believe that you have reps that don’t belong on your team, why are they still there? You need to move NOW. You can’t afford to have weak reps on your team.
Cut your losses if you haven’t already done so.
If you feel that you have the right sales people on your team give yourself a 
6. Have You Been Out In The Field This Year?
I know I am obsessed with the value of sales managers being out in the field coaching. Many of my clients have been so busy with sales meetings that they have not spent any time in the field so far this year. Shame. Yes this is a shame as it is bad business. If you haven’t been out in the field with each of your sales people then make sure you plan to do so by the end of this moth.
If you have been out in the field with each of your reps by the end of this month give yourself a 
If not, “don’t pass “Go” and don’t collect $200.”
7. Do Your Reps Know What Their Quotas Are?
I know that quota setting is a difficult process. However, sales people need/want to know what their goals are. If you want your sales people focused and producing, they must know how much sales they need to bring in.
If all your reps know how they are doing YTD vs. quota give yourself a 
8. Do Your Reps Know and Understand Their Compensation Plan?
I hope by now you or the head of sales has rolled out the compensation plan. If not, then what the hell are you waiting for? Sales people need to understand how they are being compensated. Companies that fail to communicate the compensation plan in the first month of the year tend to lag in comparison to their proactive competitors.
Given your company has already rolled out their plan it is up to you to address your reps questions or concerns.
If both of these factors have been met give yourself a 
9. Is Your Sales Team Engaged?
It has been proven in multiple studies that highly engaged sales reps create highly engaged customers. They deliver great sales and profit.
Have you had an opportunity to connect with each of your sales people and see how they are feeling? If you have, give yourself a 
10. Are You Feeling Energized?
As the leader of your team it is very important that you are feeling good and that your energy levels are high. Your team feeds off you. They can sense your mood and your level of energy. If you are not feeling energized then find a way to get yourself feeling great. Go to the gym, go for a run or do whatever it takes to get yourself in the right place to lead.
If you are feeling highly energized give yourself a 
Conclusion:
After reviewing the list, feel free to comment on any important items I should add to my checklist. Also please let me know if there are any items that are on the list but not important.
Count the number of ticks or checkmarks you have given yourself. If you have 8 or more then you are going to have a great year in 2015. If you scored less than 8, the good news is that you still have time to get things in place. At the end of the month, review your list and see how much progress you have made. There is a relationship between my sales managers checklist and success in sales.
Success is a mindset, make up your mind and you will achieve success.

Now let’s just do it!