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TUESDAY, FEBRUARY 23, 2010                                                       A WEEKLY E-NEWSLETTER COMPILED BY SAM GEIST

MARKETPLACE LESSONS

I think I've inadvertently discovered a "new" effective technique that will positively differentiate your people and your organization from your competitors.  It is showing awareness and empathy for your customers.

My wife had a trying experience last week that necessitated her making contact with a wide variety of organizations--actually necessitated her making contact with the "front faces" of a wide variety of organizations.  She was confronted with everything from inaccurate information, abusive tone and indifference to empathy, kindness and helpfulness, oftentimes from staff within the same organization.

While not everyone has the patience and understanding of a Mother Teresa, the benefits accrued to the organization by those on the frontlines who demonstrate awareness and empathy for their customers are so huge, they are not to be discounted.

It behooves every organization to find the means to train, to hire, to motivate, to insist upon a differentiating degree of customer understanding.  It can only pull customers back to you again and again.

LESSON LEARNED:
"A sense of compassion endears, while of sense of indifference alienates--right down the line."
-Sam Geist

THE STATS


The most innovative companies by industry have just been compiled. 
Take a look at the top ten retail companies.
  1. Walmart
  2. Apple
  3. Amazon
  4. GoodGuide
  5. Nike
  6. Toms Shoes
  7. Chipotle
  8. Hot Topic
  9. Lululemon
  10. Best Buy
--Fast Company

For the top ten companies in more than 20 other industries from advertising & marketing to the Web see second SITE SEEING link below.

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Closely connected to innovation (see first STAT) is 'green marketing.'  Recent research discovered some expected and some unexpected results.
  • Marketers are engaging in green marketing because they perceive it has value.
    • 33% of respondents said green marketing was more effective than their normal marketing efforts
    • 7% of respondents felt it was less effective.
  • Companies that view themselves as the most green, spend the most on green marketing.
  • Companies that view themselves as least green, spend just a fraction of their budgets on green marketing.
  • Most firms (in the 'somewhat' to 'very green' categories think themselves greener than their customers.
    • 71% view themselves 'somewhat' to 'very green'
    • 67% view their customers as 'somewhat' to 'very green.'
--Media Buyer Planner
THE QUOTES
 
"It's not what you are; it's what you don't become that hurts."
-Oscar Levant (1906-1972)
Pianist, composer, entertainer

"In these hard times, remember that people still love meaningful things.  Do not just design to cost. 
Design to mean."
-Roberto Verganti,
Professor, Politecnico di Milano

To read blog from which this quote was taken see first SITE SEEING
link below.




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"Doing More With
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A New Program on 
Managing in
Challenging Times

We'd love to hear from you.
   Please email your
comments or suggestions to 
samgeist@geistgroup.com
SITE SEEING
An interesting blog on the value customers place on the meaning of things in today's marketplace.
http://blogs.hbr.org/cs/2010/02/cut_cost_not_meaning.html?cm_mmc=npv-_-DAILY_STAT-_-FEB_2010-_-STAT0212&referral=00204

Take a look at the top 10 companies in a wide variety of industries as determined by Fast Company.
Connect with Sam Geist

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Reproduction for publication is encouraged with the following attribution:
From "QuickBites," by Sam Geist.  (800) 567-1861     http://www.samgeist.com

Sam Geist lectures, facilitates workshops and conducts training seminars on sales & marketing, the changing marketplace, leadership, differentiation, customer service and staff motivation.  His three books, "Why Should Someone Do Business With You... Rather Than Someone Else?" "Would You Work for You?" and "Execute... or Be Executed" are available in bookstores everywhere, published by Addington & Wentworth Inc.

 
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