Showing posts with label comfort zone. Show all posts
Showing posts with label comfort zone. Show all posts

Saturday, May 12, 2018

Market Research is Essential Prior to Capacity Investment Decisions


What To Do When Your Company Reaches Capacity Limits? [People, Facilities and Equipment]

Status Quo Strategy

You selectively determine what sales opportunities to pursue in order to optimize available capacity.

This short-term strategy will lead to trouble mode and storm clouds will eventually appear on your horizon.

If market research proves a total available market that is growing or significantly higher than your available capacity, then status quo is a high-risk strategy.  When your market share declines you will become a higher cost producer in your category.  This opens the door to growth mode competitors who will become more attractive to your customers and employees.

Growth Strategy

You aggressively pursue all sales opportunities that match your ideal customer profile.

If market research proves a total available market that is growing or significantly higher than your available capacity, then lower your risk by implementing a growth strategy to maintain or increase your market share.  You will improve your position as a low-cost producer in your category.  This will spell trouble for your competitors as you become more attractive to their customers and employees.

If you opt to invest in more capacity in order to elevate a key aspect(s) of your business, you will also need to invest in skill development, process enhancement and productivity tools in order to capitalize on your growth opportunities.

Market Research Competency Is Essential

Without the appropriate market research competency [in-house or external], you won’t be able to make objectively correct capacity investment decisions.

By John Bernardi

Sunday, November 29, 2015

The Benefits Of Routine



A sales and marketing lifestyle means that you have quality time for building relationships with mavens and connectors, for content marketing, for helping team mates, and for taking the right actions to grow your business.  Routine enables your day-to-day basics to be performed well and on time so that you can allow your antenna to always be listening and your peripheral vision to always be watching.

An Effective Routine Will Enable You To Wisely Progress Towards Your Goals
Daily routines prevent knee jerk reactions and wasted time.  I produce my best results when I follow my routine in a heads down fashion.  But, I periodically look up to stay on track, adjust to new opportunities or threats, improve a process, acquire better tools and navigate unexpected surprises.

Routines Create Confidence, A Key To Success
A routine that spans goals, action plans and workdays builds self-confidence.  You become well rounded if it contains the right amount of time for work, passion, learning, and enjoyment.  You will become more friendly and interesting, and people will respect you for being consistent and dedicated.

How Much OF Your Time Is Freed Up By Routines?

Customer Facing Roles Need Powerful Routines


  • CEO routines develop innovative and customer-centric cultures for achieving financial, customer and employee goals.
  • Marketing routines ensure lead generation and nurturing to sales-ready status while existing segments are penetrated and new ones are developed through a well managed mix of products and services.
  • Sales routines ensure that qualified opportunities are closed, while key accounts are nurtured and territories are developed.
  • Call center routines enable you to delight customers and channel partners.

Routines Must Be Constantly Upgraded
As your routine becomes muscle memory, tweaking it with new ideas will enable you to rise to the next level.



Monday, February 23, 2015

Are KPIs Your Catch-22?



KPIs Can Be A Catch-22

People Will Behave

Processes Will Be Implemented

Based On What You Measure

If you are unable to measure what is important, you will communicate importance to the things that you can measure, which may be sending people and processes in the wrong direction.

Wednesday, January 14, 2015

Important Vs. Urgent: The CEO's Dilemma



Important Vs. Urgent: The CEO's Dilemma


If you don't complete the urgent stuff, you will fail.

                                    But

If you don't complete the important stuff, you won't thrive.



Importance Vs. Urgency Applies To Marketing

Marketing means finding customers and converting them to raving fans because of their great experience dealing with your people, channels, touch points, and products and services that give them pleasure or eliminate pain.  If you can't do this, you will always be suffering the pain of competing on price.