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.
shuttle to Midway Beardstown .. Lockport Chicago limo O’HareJust when the entire state was kissing Wichita goodbye, economically... Read More
Most small business owners are faced with so many responsibilities... Read More
Do you have all the customers your business can use?The... Read More
The Dynamics of Daylight Savings Time changes the way we... Read More
How often have you thumbed through a business opportunity magazine,... Read More
As a Boat Detailing Specialist, you may want to offer... Read More
You are probably hard at work promoting your business (and... Read More
To wash an airplane there are many items you will... Read More
As a solo entrepreneur or small business owner, one of... Read More
In a world full of complications sometimes we overlook the... Read More
Get maximum results with minimum effort. Sounds great doesn't it?... Read More
Many new ventures are preoccupied with all the money they... Read More
Entrepreneurs are hardy stock. But sometimes hardiness can get you... Read More
You see it often in large shopping complexes. Customers seem... Read More
If you are a non-operator owner of many work trucks,... Read More
Gather round while I tell you the story of Kennebec... Read More
Home based travel businesses are no longer the wave of... Read More
You know your prospects need what you sell. You know... Read More
All franchises must meet the legal definition of a franchise... Read More
Why? Because they have access to world class public relations... Read More
My colleague, Jane, recently lamented to me an all too... Read More
Passion. Passion alone can make your business successful. As an... Read More
What's your job profitability? I meet with business owners every... Read More
Many government department heads are on the take. Oh they'll... Read More
Should your business have a toll free number for customers... Read More
Green Bay Hummer H2 SUV rentals ..Washing manufactured homes, mobile homes, can be a lucrative and... Read More
Have you ever wondered what the difference is between a... Read More
Starting and managing a small business is no fun chore,... Read More
More sales and more profit. Isn't that what you want... Read More
When you feel like you're always busy working on your... Read More
In a world full of complications sometimes we overlook the... Read More
Where do you find the right people for a business... Read More
Ask anyone trapped in a cubical about their entrepreneurial dream... Read More
Writing a business plan is a fundamental step to ensuring... Read More
Before you want to build your business, you need to... Read More
If you are in the professional car care business you... Read More
As a company grows, the owner's role begins to change.... Read More
At first blush this idea might be difficult to wrap... Read More
When starting a business, you have to determine the method... Read More
One of the best ways to make money in the... Read More
Let's face it, we all tend to get stuck in... Read More
When it comes to cost, how much can you afford... Read More
According to the American Society for Aesthetic Plastic Surgery, since... Read More
Have you been searching for the perfect home-based business? I... Read More
BioTechs even with the latest news had shed over 1000... Read More
You can't imagine how many people ask me how I... Read More
No matter type of business you operate you've got to... Read More
If you run a pressure washer business you need complete... Read More
It behooves every professional mobile auto detailer to stay up... Read More
Time. As a small business owner, it's the commodity you... Read More
Small Business |