|
|
| Strategic Planning Information |
|
Business Planning and the ?Bozo? Factor
"Bozo" ? A clown with a forlorn look, always finding negative implications in every activity or event. A person who tries to find a way to prevent you from moving ahead, giving excuses such as "we've always done it this way, or this is not our culture" when presented a new opportunity or challenge. Normally associated with people who are uncomfortable with learning new techniques, processes, or relationships. Guy Kawasaki from Garage.Com ? a venture capital company, used to have a segment in his presentations called "Don't Let the Bozos Grind You Down." This segment discussed how every organization will have a corps of people who simply try everything in their power to stop innovation, new product and service development, and introduction of anything new into the daily job function. These people are "bozos." If you want to avoid the pain of dealing with bozos in your business planning, you need to develop techniques in identifying and preventing bozos from interfering with potential future activities of your organization or company. Due diligence on any innovation or change in direction of an organization is a clear requirement ? nobody wants to manage a company like a small dog playing with toys ? chasing everything that looks fun without following through on any action. A manager must rely on staff to provide a good system of checks and balances to manage risk associated with any change. However, none of us are immune to the effects of a global economy accelerated by use of global telecommunications networks and business process innovations. With very few exceptions, our organizations must move ahead ? offering products and services demanded by a "savvy" consumer market, or run the risk of another company replacing us. Competitive companies are always taking managed risk to innovate and pass your company or organization, offering a better, faster, cheaper, and more modern product. If you lose your place as a market leader due to internal struggles in your attempt to innovate, you will ensure the bozo has successfully accomplished his objectives. If the bozos are successful once, their chances of continuing to hurt your innovation efforts will increase. Bozos only serve the purpose of dragging down an organization through endless complaints, justifications for refusing change, and comments about the "old days" when "things were better." We have to limit the Bozo-factor in our planning, while ensuring adequate due diligence is maintained. In a worst case bozos will simply refuse to perform tasks associated with new product development and rollout ? sabotaging your efforts to move the company ahead. Look for the Signs of Bozos in Your Office Bozos are fairly easy to identify. They are the people who generally use phrases like: ? "Its not my job" ? "I haven't been trained" ? "We've always done it this way" ? "Why should we change?" ? "It won't work" ? "It is impossible" ? "Nobody else is doing it" ? "I haven't enough time to learn a new job or technique" ? and many other similar phrases The bozo is dangerous in other ways. While you are trying to innovate and move your company ahead in the market, Bozos are diligently trying to "rally" the other employees around their justification for not supporting change. Most employees fully understand if they are not always learning and trying to improve themselves, eventually somebody will replace them ? but the bozo wants to contribute to their potential unemployment situation by dragging them along into a condition where management must either decide to go around them, over them, or in the worst case "through them" to accomplish company or organizational objectives. If in your business planning you bypass bozos, use good due diligence, study your market conditions, trends, and futures ? you can avoid the bozo factor in business planning. To paraphrase the creed of the French Foreign Legion (March or Die), to survive in the global economy and market place all companies must constantly plan for innovation, providing a product that is better than the competition ? where ever that competition may be. Innovate or die ? through managed risk. (About the Author ? John Savageau is a managing director at CRG-West, responsible for managing operations and architecture for several of the largest telecommunications interconnect facilities in the US, including One Wilshire in Los Angeles.
|
|
|
|
RELATED ARTICLES
Insurance Requirements in Franchised Companies Franchised companies often require what some believe to be excessive insurance requirements. This is because so often if a franchise is sued for any reason that the Lawyers go after the big money of the franchisors and name them in the lawsuit. It is amazing that a lawyer can write garbage in a lawsuit and file it in court and if you do not hire another lawyer to fight them, you could lose your entire life's work and company. But our legal system as most entrepreneurs agree is a complete joke and more closely represents the extortion tactics of the mob than any legitimate sense of fairness or truth. This is why franchisors must require huge limits of liability insurance and additional insured certificates as part of the franchise agreement. How Copying the HBO Schedule Can Boost Your Business I'm not talking about posting the HBO schedule on your website or sending a Xeroxed copy around to all your customers. When HBO came onto the scene they were innovative, fresh, and willing to do things other people were not. Akron OH; A great place to do business When looking at Akron carefully one cannot help but notice it's brilliant location to rivers, water, large cities and middle class consumer spending populations. With Canton to the South, high-end and growing Fairlawn to the North, Kent State and University of Ohio both a stones throw; the potential for any business is quite apparent. There are 160 trucking companies many of which are located in the area due to its proximity to large markets on a major freeway. Everything you want is there or can be delivered within days. The Six Sigma Method and Design of Experiments Six Sigma is becoming a proven approach for businesses and organizations to improve their performance. The spectrum of companies actively engaging in Six Sigma today is wide from industrials like Celanese, Caterpillar, GE, Honeywell, and 3M to service/retail organizations like Starwood Hotels, Sears, and Home Depot. Six Sigma has even started in the financial industry with Bank of America and JPMorgan Chase initiating major deployments in the past two years. Probably the most exciting area is in the public and healthcare sectors with success stories emerging from city government and John Hopkins Medical. 10 Critical Facts to Put On the Cover of Your Business Plan... In most business plans, no matter how striking the idea, the covers are critically important. The majority of investors may flip to the executive summary, if they get past the cover, when deciding whether or not they are interested. Exactly like the front page of a daily newspaper, a business plan cover puts the important highlights of the proposal upfront for potential investors to read. Top Ten Traits of Strategic Thinkers Want to become more strategic? Add these traits to your collection of skills and watch your success soar! The Chasm of Change---- Restructuring ----- The Goliath Richard L. Daft one of the country's recognized academic leadership experts raises the question, "What kind of people can lead an organization through major change?" A Turn-A-Round restructuring qualifies as major change and requires transformational leadership. Daft points out that this type of leader is characterized by the ability to bring about change through innovation and creativity. This type of leader motivates people to not only follow their lead but to believe in the vision of corporate transformation, the need for revitalization, to sign on for the new vision and to help institutionalize a new organizational process." Daft points to four principles in discussions about leading an organization through major change. These four principles are the foundation of the restructuring Turn-A-Round process. The Top Five Reasons Strategic Plans Fail "Most great plans aren't. They are just nice, high-level ideas." Your Business: Will It Have A Happy Ending? "Begin with the end in mind," says Stephen Covey in his book Seven Habits of Successful Living. Those who have created a successful business know it does not happen without planning, hard work, and a little luck. Yet most have no plans for leaving their business, ever. 5 Strategies That Will Boost Your Business Productivity Today! - Part 1 Building a dynamic small business is a constantly evolving, increasingly demanding role. Going Self-Employed ? A Few Handy Hints The day you decide to take the plunge and work for yourself will be one of the most life-changing choices you ever make, whether starting a company large or small or as a freelance; from the very first moment of being self-employed, you and you alone will stand or fall by your decisions and actions. You will be responsible for steering your business through all its ups and downs, good times and bad times with no guarantee that everything will turn out right in the end. Business Planning and the ?Bozo? Factor "Bozo" ? A clown with a forlorn look, always finding negative implications in every activity or event. A person who tries to find a way to prevent you from moving ahead, giving excuses such as "we've always done it this way, or this is not our culture" when presented a new opportunity or challenge. Normally associated with people who are uncomfortable with learning new techniques, processes, or relationships. City of Cortez and South Western Colorado Market Survey We have been spending many hours surveying the market for a potential business location in the South Western Region (region # 9) of Colorado. Pouring through data, seeing the tourist sites, and understanding the market there. Meeting with officials, business people and visiting businesses we learned quite a bit about the region and the future prospects there for someone opening a business. College Students and Graduates to Run Company Outlets or Franchises Does your overall business strategy include the recruitment of college students to run your locations? Are you a franching company and looking for young, talented, hardworking and dedicated franchisees? There are some things to think about before you deploy such a strategy. There are both positives and negatives to focusing your recruitment efforts on college students, for instance best reason's to use college students include some of the following: Benefiting from Strategic Thinking I recently took an organizational behavior class where my professor conducted a strategic thinking exercise in which groups of students were to be a part of a scholarship committee. The purpose of our committee was to use strategic thinking on allocating a scholarship budget to reward several incoming freshmen to our university. I, along with some classmates represented freshmen candidates who would receive the scholarship. How to Achieve E-commerce Success ?You Gotta Plan! Before becoming a netpreneaur, I was an entrepreneur. First, I owned a successful child care center which grew to capacity in less than two years. When I sold that, I bought a little flower shop that had less than 300 customers and grew it to what it is today, one of the most successful, award winning companies in South Florida with more than 7,000 customers who purchase from us on a regular business. To better serve our customers, we took our business to the Internet. We still have a brick and mortar storefront, yet everyday we receive more and more customers via the Internet. Writing Your Business Plan is Actually Storytelling Storytelling and writing a business plan actually go hand in hand. The same ingredients used in telling a story are also used in writing a business plan. Let's use the Executive Summary as an example. To Go or No Go, That Is The Question Last week we talked about a few of the ways to test the feasibility of a business idea to help determine if the idea really had merit or just looked good on the surface. To recap, I said don't bet the farm on the opinions of friends and family, consult with knowledgeable business experts, and conduct a SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis. This week let's take it a step further and talk about the creation of a formal Feasibility Plan which will help you determine the true feasibility of your big business idea. Parking Business, the Details on Increasing Lot Revenue If you are in the parking business and own or manage parking lots you may want to think on some additional concepts to increase lot revenues. Whether you are looking to add value for your customers, expand your customer base, or simply increase your revenue, the addition of a car wash and/or detailing service to your parking facility may be the answer. There are many options available to you if you want to provide these services. You can contract with a local independent company in your area with a good reputation, co-market with a detail shop nearby who will service your lot, buy your own unit and run it in-house or purchase a franchise name and equipment from a national company. Innovate Today for Great Leaps Forward Tomorrow How often does your company make a quantum leap forward? My guess is that, on a scale from "frequently (10) ? to ? never (1)" the answer is much closer to "never" because few companies have a process to innovate or think creatively. Very few attempt to formally think through their business model, their relationships with staff, clients, and vendors, and their product / service offerings.
|
|
|
| Home | Site Map | Salesmanship Ebook | Motivational Ebook | Job and Resume Posting| Affiliate program | |
|
| 2006 All Rights Reserved. by Mp.sg Term of use and service for the articles and information |