Saturday, August 7, 2010

Reality Check...

To survive difficult times, and more so, to thrive -- it is a must
that
you face the realities of the times.

"The number one impediment to cultural change in large
organizations is a lack of urgency fostered by too much
historical
success." - John P. Kotter

Notice? The marketplace is not what it used to be. To do more
of
the same routine activities that made you successful in the
past
will make you obsolete. To do exactly what competition is
doing
will not give you the needed competitive edge. To use your
past
performance as your benchmark will make you a history in
the
marketing world. Companies must overcome the paradigm
of
doing things based on past behaviors and past successes.
Past
actions are based on their best knowledge in dealing with
the
circumstances present at that time. In thinking about the
future,
companies must make the changes today to create the
business of
the future.

Challenging times are always around us. Crisis is like a double
bladed weapon. It becomes a danger or an opportunity. Every
crisis situation presents an equal opportunity. Economic
slowdowns come and go, hence, preparedness is a virtue.

"The important things of tomorrow are probably going to be
things that are overlooked today." - Andrew S. Grove

Realize that there's not just the 4 Ps of the marketing mix but
there's also the 4 Ms of the new economy: men (people, human
asset), money (resource allocations, budgets), machines
(hardware),
and materials (software).

The course your company takes tomorrow depends on the
choices
you made today. Thus, understand that developing a
sustainable
competitive advantage is not enough, you have to
keep on inventing
new advantages.

There are no short cuts to success so do not try making short
cuts
to your marketing plan. Figure out how to develop it in order
to
achieve desired organizational goals. Be ahead of schedule.
Aim
to be better and faster than rivals. Grab competitors' market
share
and move target customers to your side, then you will know
that
the smoke is just about to set a lovely fire.

Now get people moving in your camp.

Take note...
"For an effective reality check: Hire someone different from you."

No comments:

Post a Comment