The key to organizational focus and helping those who need what you do is knowing, precisely, what you do well -- and what you don't do well.
Once there was a semiconductor company in financial trouble. Profits were dropping, and the company was losing money every quarter. The pressure was on to stop the bloodletting.
A key executive at the company became convinced that the wireless home audio market was a perfect opportunity because the company already made components that were used in wireless devices. Putting their own product together seemed a logical step. So they set out to take their piece of the market.
And failed.
Why? The executive let the desperation to solve a problem dissolve his focus on Step Zero. They had no expertise in the consumer electronics business, no distribution channels, no appropriate product development skill.
The company lost sight of what it did exceptionally well. It had caught the disease called "critical organizational forgetting," which was the reason it was underperforming in the first place.
It is all too easy to become stuck in the "sounds like a good idea" state that so often happens when we drink too much of own Kool-Aid, so to speak. In this case, company executives believed that because they could do one thing, they could do another thing that seemed nothing more than a simple, logical extension of the other. Their mistake cost them hundreds of thousands of dollars.
Why Knowing What You do Well is So Important
Think of what your organization does well as the lens that focuses you on the value you bring to solving your customer's problems. The success of any organization or company is built on a persistent focus on what it does well.
When you focus on what you do well, you become focused on the types of problems you're best equipped to solve. And we're all in the problem-solving business when it comes to our customers' needs, whether we're running a department, organization, division, or entire company.
And that is the Step Zero? effect.
Michael Knowles, co-author of The Entrepreneur's Concept Assessment Toolbook (available at http://www.booklocker.com/books/1988.html or Amazon.com) helps businesses take what they do best and focus it on success. A Principal in One Straight Line LLC, Michael has over 25 years of experience helping companies create communication strategies help them engage customers, employees, investors, outsourcing partners, and the community.
Michael can be reached at http://www.booklocker.com/books/1988.html.
Sign up for their newsletter by sending email to http://www.booklocker.com/books/1988.html.
limo prices to midway Crystal Lake west of Randal .. Lockport Chicago limo O’HareA solopreneur I know disappears from my radar screen for... Read More
If you are a small business and qualify to participate... Read More
Small business owners can relieve a lot of their own... Read More
Everything starts with a business plan: If you don't have... Read More
If you ask most small business owners what priority CRM... Read More
How much is your time really worth? Is it worth... Read More
The choice of financing is an important determinant of whether... Read More
It is imperative to have your business legally prepared. How... Read More
When is advice free and when should you charge for... Read More
We are noticing an increase in the length of time... Read More
The challenges of the small business owner are well documented.... Read More
This is the tale of two business plans with very... Read More
If you're just ramping up your small business email newsletter,... Read More
To maximum potential profits and dollars in a mobile washing... Read More
Small businesses need Public Relations, possibly more than large corporations,... Read More
Writing a business plan is a fundamental step to ensuring... Read More
Most new small businesses won't be in business this time... Read More
Q: I really want to start my own business, but... Read More
The start of a new year is a time for... Read More
Many mobile car wash operators would like to add de-ionized... Read More
The Franchise Group at the Federal Trade Commission in all... Read More
Send handwritten notes. That applies whether you're a guy or... Read More
One of the most common horrific mistakes a business can... Read More
What is a Virtual Assistant?A Virtual Assistant is a person... Read More
Those who are in the pressure washer business should not... Read More
taxi o'hare Auburn .."So what?" is a lovely question.It can lead to a... Read More
I started working with another new client last week. He... Read More
If you're just ramping up your small business email newsletter,... Read More
Pet Transportation Services are needed as the number of pets... Read More
-- The One Pager Shortcut Series --An effective and compelling... Read More
How do you know when an alliance needs to be... Read More
What types of companies do you want to align yourself... Read More
If you are in a franchise and have a territory... Read More
After over 30 years of participating in hundreds of businesses,... Read More
Macon, GA goes after garage-gas station conversion detail/hand car washes... Read More
Many small business startups fail within the first 2 years... Read More
How a donation is different from a sponsorship and what... Read More
The Franchise Group at the Federal Trade Commission in all... Read More
In the first article we mentioned the main characteristics that... Read More
Introduction: This article is written as a general discussion on... Read More
Manufactured and Mobile Home owners know that the weather this... Read More
Entrepreneurs are hardy stock. But sometimes hardiness can get you... Read More
Did you know that satisfaction is the number one emotion... Read More
I only have to point to the 555 plus failed... Read More
Gather round while I tell you the story of Kennebec... Read More
TRUTH IN THE LAWN MOWING INDUSTRYWe do not wish to... Read More
One of the major complaints in the QSR Quick Service-Fast... Read More
Not sure how to start a small business? This guide... Read More
Franchisor expansion policies are not as simple as one might... Read More
Many job applicants want a job but often do not... Read More
Small Business |