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Monday, March 30, 2009

Growing High Performance Teams with Dashboards

The greater the uncertainty about the future, the greater the intensity to quantify it.

As this economic crisis shows, a strict reliance on numbers alone is short-sighted, and completely misses the point of what key performance indicators (KPIs), metrics and ratios were originally created for to begin with.

Measuring interprocess efficiency, collaboration, and giving teams the opportunity to own their performance and shared results matters most. Infusing ownership of results is far more important than the flood of figures that many dashboards have.

Why Searching for ROI Is Relative

Return on Investment (ROI) is the Holy Grail of metrics.

Ironically so many companies chase it for their dashboards yet so few can find the cause-and-effect relationships in their companies to make it relevant. ROI is no change agent; but a dashboard that infuses task ownership and accountability is. Anyone can create a portal or Intranet site that is populated with a series of KPIs, metrics and ratios, yet it takes a real leader to make all this data matter. Especially now with fear running rampant through so many companies, resistance to change based on measuring performance is running at an all-time high.

Metrics That Deliver Are All That Matter

There are hundreds if not thousands of KPIs, metrics, and ratios that can be chosen from in creating dashboards. Many industries and companies create their own to match specific process areas, like the entire set of processes in e-commerce for example.

What distinguishes the dashboards that excel and serve as a motivator for those responsible for their metrics? Using only the least amount of metrics that can be tied back to cause-and-effect matter most.

There is an analytics addiction going on in a few of the manufacturers I've met with and visited over the last few years. Their dashboards are impressive yet don't connect with critical teams and employees, serving as the fuel they need to keep accomplishing, keep collaborating, keeping looking for new approaches to get to their goals.

A New Mindset is Needed

Re-defining dashboards needs to start with an entirely new mindset. Think of dashboards as a motivator for those that can make the greatest contribution to your company's performance.

Here are a few take-aways from work completed on dashboards:

  • For each KPI, metric or ratio clearly define who owns its performance. Call it Return on Accountability (ROA), the top performing companies practice this religiously. They give employees an opportunity to compete against themselves in terms of measured performance. Some may consider this Draconian or even Big Brotherish (1984) yet of the examples I've seen, employees who have a clear line of sight and accountability for a metric crush their objectives regularly. It is all in how the dashboard is created and rolled out. Giving employees the chance to define this metric and how they are measured is a very strong catalyst. Let them own it.
  • Using a dashboard to micromanage is an insult to your employees' intelligence. Don't use a dashboard to regularly berate and humiliate your employees if they are not on plan. It's time to step up and be a coach, not a critic. Dashboards drive amazingly high levels of competition within employees who own the metric and strive to beat their own best performance levels.
  • Assign an owner to each metric and continually ask for feedback on cause-and-effect. High performing marketing, sales, product management and product development teams continually watch the cause-and-effect behind the metrics of their dashboards not just the trending of the figures. They constantly focus on how cause-and-effect is changing, and by what levels. Doing this just infuses ownership further.


Bottom line:
To grow a high performance team let them own the KPIs, metrics and ratios on dashboards, and be a coach, not a critic. Dashboards become a means to motivate, and in so doing become alive with relevancy in an organization.

Courtesy – Louis Columbus at Perfect CEM

Sunday, March 29, 2009

Do You Have Them?

by Tom Nies, CEO, Cincom Systems, Inc.

Leaders deal in ideas.

The more relevant and significant the ideas may be, the greater and the more substantial are the opportunities, the challenges and the need for leaders.

Contrary to the criticism that America is a nation of greedy, pleasure--seeking, crass and non--intellectual materialists, where ideas are said at best to be only means to ends, America is actually a great stage on which diverse ideas and theories have been played as both tragedies and comedies.

On this vast panopoly, the matter of the historical "is now" has consistently been formed through the pragmatic and philosophic "ought to be," as the raw, natural "givens" and resources have submitted to yokes of science and the innovative determination of the human spirit and our collective will. Leaders have led the way in all of this.

The Majestic March of Principles

America's story is the majestic and triumphant march of the principles of freedom and equality. These two ideas have been the seminal roots to all that we Americans have done and are doing. In these processes, there have been almost no accidents – no chance events. In the cogent words of Franklin Roosevelt, "Things don't just happen, they are caused to happen."

Almost everything that happens among us is related to one or both of these principles of freedom and equality. In some cases, our dramas present a triumph over some opposition to them, or focus upon a dispute about which of these two quite often opposing ideas should have the primacy, and of the ways that the conflicts between individual opportunity and that uniquely achieved excellence which so brilliantly differentiates the few from the many, can be reconciled with the idea of equality.

As America's march has proceeded under the banners of freedom and equality, their differences have occasionally put them at odds with one another, just as Tocqueville had said that the two ideas of freedom and equality could always be somewhat in conflict with each other.

The Entrepreneur and the Pursuit of Happiness

Since so much of our energy and effort has been in "the pursuit of happiness," which better economic and environmental circumstance help to provide, the entrepreneur has played a leading role in both the tragedies and the comedies that have affected our lives and our history, and has thus far helped to reconcile the conflicts that will probably always exist among us.

Hallmarks of Successful Entrepreneurial Leadership

Successful entrepreneurial leaders

  • Create a compelling vision of where the organization should head,
  • Continuously communicate how to proceed and
  • Energetically guide, encourage and develop the organization's capabilities to advance that vision in a relentless and resolute pursuit of sustained success.

Unshakeable will, undaunted determination and relentless pursuit of desires and goals are key hallmarks of these endeavors.

Mastery of the Entrepreneurial Art

Entrepreneurial success, like success in any pursuit, is about the consummate understanding and mastery of key principles and not about following rules. A rule states, "You must do it this way." A principle says, "This works – and usually works well – and has done so through all remembered time." The difference is crucial.

A rule states, "You must do it this way."

A principle says, "This works – and usually works well – and has done so through all remembered time."

The difference is crucial.

The anxious and lesser-experienced try to follow rules; the rebellious, unschooled and ignorant break rules – usually unwittingly so. Worse still, all of these types of practitioners try to succeed focusing upon only subsets of situations without realizing how all of the forces at work interact in both conflicting and supporting ways.

But the master of an art, any art, develops mastery over the form of the art using time-tested and time-proven principles.

Mastery of the art should be the ideal of every entrepreneur.

Machiavelli and a host of others have written about the ways and wiles of princes, but not in a manner that is of best use in a world of free enterprise. Locke has impactfully written on the rights of popular assemblies against kings, but how does this help businesses to compete against a host of alternatives? In similar ways, many fine authors on business, commerce, marketing and sales have never been entrepreneurs. So, these teachings, as valuable as they may be, must be accommodated to the world of the entrepreneur as each tries to build each one's own future.

Innovate but Differentiate

In these processes, one most surely will focus upon innovation of some type.

But, every successful entrepreneur well knows that differentiation is at least as important as is innovation. While innovation focuses upon the provider's offerings, differentiation focuses upon the value, satisfaction, utility or delight that the innovation provides to the customer. Innovation without differentiation seldom produces optimal appeal to potential customers or optimal results for the seller.

When these innovative differentials are significant, whole new categories of business opportunities can be, and are, created. Within these new categories, new opportunities are provided for many others to improve and expand the possibilities spawned by entrepreneurial leadership. In these ways, entrepreneurial leaders have increasingly more become major dynamic forces that are rapidly and significantly transforming our world. And, it is for these reasons that entrepreneurial leaders have become many of the new heroes and iconic role models of modern business and commerce.

Commerce, entrepreneurship and our personal undertakings have much in common. It might even be said that each of us in our own way and everyday living is a type of entrepreneur. We see and seek various opportunities that we hope will satisfy various wants and needs we may have – and we then pursue these opportunities and possibilities using ways and means that are consistent with our values and our ethical and moral standards. As free persons, we tend to pursue those things that we want to achieve. And the more we desire, or love what we are trying to accomplish, the better and more eager we will become in that pursuit.

What the Pursuit of Happiness Is All About

Sure, we want to succeed in those pursuits, but we also want to do so in ways that we will feel good about and which we trust will help us to become a better, happier and more fulfilled person. That's what the American ideal of the "pursuit of happiness" is all about. But, happiness is seldom achieved in the doing or pursuit of something one does not feel deeply about.

In our various pursuits, we each are both a theorist and a pragmatist. Our difficulties arise in relating one to another. We must at the same time be persons of thought and persons of action. The more thorough the thought, the better are the probabilities that the choices we make and the actions we affect will be correct ones. And the more energetic the actions, the more clearly must become the thought processes, lest we wear ourselves to exhaustion in bad choices, ways and means, all of which produce little positive results.

Sometimes, maybe most times, we start only with the most vague and murky ideas and refine or clarify them as we become engaged in the pursuit. But, the degree of entrepreneurial talent is largely determined by how well one is able to unite into a sound synthesis of theory and practice, ends and means, and the "is now" with the "ought to be" and the perseverance to have these become fashioned into that "will be" of the future, which changes everything about one's self and one's situation. In these endeavors, one must possess a commanding knowledge of one's field, the setting and the situations. Problems are always opportunities in disguise, but one must thoroughly understand the problems before one can provide unique or preferred solutions. But, "commanding knowledge" does not mean an extended awareness into every nook, cranny and crevice of an existing situation. Rather, it means thorough knowledge of everything germane and relevant.

"Commanding Knowledge" is not an extended awareness into every nook, cranny and crevice of the situation.

It means thorough knowledge of everything germane and relevant.

The difference is crucial.

Each of us thus largely also crafts our own self forward as we seek to accomplish our professional pursuits. In these endeavors, it is not so much that we are taught, but rather that we learn through our studies, interactions and experiences. But, we do not do so alone – or in a vacuum. Many forces are always at work – some are friendly and helpful; others are antagonistic and hurtful.

Constraints Conspire to Inspire

But, the greatest achievers usually find conflicts, difficulties, obstacles and obstructions to be somehow useful. The more resistant the opposing forces, the stronger becomes the muscle that strains against them; so, too, for our professional competencies. Constraints don't inhibit creativity and resourcefulness; they encourage, stimulate and inspire them. And challenges and difficulties are among the most stimulating causes of the positive, constructive responses that all work together to help leaders expand themselves, society and other individuals too.

And since all of this involves a great number of human beings, the entrepreneurial genius lies heavily in developing a realistic and astute view and understanding of human nature. The first such understanding is the realization that human nature is protean to the ultimate. The next understanding is that we humans are mixtures of extremes and not a blended average. We each are as good as the best that we have done, and as bad as the worst.

So, a successful entrepreneur, like anyone who is able to positively and constructively interact with others, has neither a utopian nor a pessimistic view of human beings. Rather, they know that people are a mixture of good and bad, of generosity and of greed, of selfishness and of magnanimity, of ignorance and of enlightenment, of stupidity and of cleverness, of kindness and ruthlessness, and of an almost endless variety of contraries with the less-becoming elements of our makeup too often predominating.

In this baffling mixture of traits that seems to be always changing with situation and circumstance, we must somehow function, making our lives as we try to make our living. And this ceaseless effort to make our living makes us. Just as we are shaped by our environments and by others, we each also further shape, in various ways, the environment we inhabit, and the others with whom we interdependently interact.

The world is full of immediate possibilities and restraining practicalities, and this is as it must be. We want, and need, the liberty and freedom to pursue our own heart's delight. But, there must be laws, rules, regulations and codes of conduct that restrain and regulate each of us lest we damage the liberties and freedoms that others also, by right, are entitled to have and to enjoy.

Honor. Integrity. Conscience. Ethics. Values. Morals.

All of these are at the same time both regulators and energizers.

Each entrepreneur will seek to lead an organization that reflects the substance, style and structure that is consistent with each one's own visions and values. The better and clearer those visions and values become, the more attractive and energizing they become to those who the entrepreneur must both attract and lead. And this attractiveness must be both a magnetic attractiveness and an appealing attraction as well.

Businesses must attract customers, staff and capital. In these attractions, trust is the coin of the realm. So, trust must never be depreciated or violated in any way. In the various halls and rooms of Cincom's offices are posters that succinctly advise that, "Trust Builds Relationships; Execution Builds Results." Since it is the results that determine in the end whether a business succeeds or fails, pragmatism and excellence of execution are both essential. But, so too is everything else upon which trust is created.

Trust builds relationships; execution builds results.

Trust is, and always will be, the coin of the realm.

Entrepreneurial leaders understand that we each, and the organizations we serve, are all parts of a vast cosmos of interacting relationships and functions. This network must be structured and controlled such that there is a harmonious, useful, valuable and profitable sense of community among all involved. Yet, management and guidance are essential to a proper functioning of structure. Successful entrepreneurial leaders well know and consistently practice the art of "Servant Leadership." The idea that "the superior of all must be the servant of all" is intuitively realized and faithfully practiced by successful entrepreneurial leaders. Such leaders realize that their staff does not work for the leader, but with the leader in their joint and unified pursuit of common goals. So, the leader must aid each member of the team to optimally perform and serve those common interests and objectives. "Servant Leadership" helps each to do more, and perform better.

Forward Learning ... Backward Understanding

Much of this we each already surely realize — at least to some degree. But, in life we learn forward. Only then are we able to begin to understand. This means that whatever we do understand, we understand only backwards, or retrospectively.

Keep this in mind.

You will make many errors as you try to proceed.

Seek to learn as much as you can from every situation and encounter.

But never let failings or current shortcomings cause you to become discouraged, intimidated or cynical.

The adage "If at first you don't succeed, then try, try and try again" is good advice for us all. If success were easy to achieve, then all of us would be successful. But, we know that, like success, nothing truly worthwhile is ever easy. That's why the ideas of dauntlessness in the face of adversity and courage amid danger are all such hallmarks of the successful among us.

Tuesday, March 24, 2009

Social Media Marketing Industry Report

Social Media Marketing Industry Report - Click to downloadSocial media is seen by many marketers as the next gold rush. 

To understand how marketers are using social media,  whitepapersource has commissioned the Social Media Marketing Industry Report: How Marketers Are Using Social Media to Grow Their Businesses.

They have set out to uncover the “who, what, where, when and why” of social media marketing with this report.  Nearly 900 of your peers provided the kind of insight that previously has not existed. In this report you’ll find:

  • The top social media marketing questions marketers want answered
  • How much time marketers are investing in social media
  • The benefits of social media
  • How time invested impacts results
  • The top social media tools
  • And much more!

If you’re pondering starting social media marketing, these findings will help push you over the edge.  If you’re already onboard, feel free to examine what the really experienced marketers are doing (and use this study to persuade others).

Enjoy the report!  Remember, the nature of social media is to “share,” so if you find value here, please let your peers know about this report.  Download the report here

Monday, March 23, 2009

Future Proof Plan - PWC

Sharing the 12th Annual Global CEO Survey Redefining success. Its long however a highly recommended read.

According to Samuel A. DiPiazza Jr, Chief Executive Officer, PWC, CEOs around the world are retrenching, indeed many claim to be entering ‘survival mode.’ Our 12th Annual Global CEO survey shows how the financial crisis shattered short-term confidence. The percentage of CEOs who were ‘very confident’ about their one-year revenue growth prospects dropped to 21%, the lowest level in six years. Uncertainty about the future is still running high and confidence no doubt continued to deteriorate after we completed the survey in early December.

He further adds in times of unprecedented economic and financial turmoil like these, however tempting it is to focus on short-term imperatives, we cannot afford to ignore the longer term. Amidst the confusing haze of risks, regulations and recovery packages, this year’s CEO survey asks this question: How do company leaders determine the strategy that will lead to success when the economic fog eventually clears?

The report surveys 1,124 CEOs from more than 50 countries. The report also examines 21 CEOs through extensive conversations and sharing of thoughts on how they were working through these difficult economic times.

www.pwc.com/ceosurvey

This year the 12th Annual Global CEO Survey website contains new, interactive tools, which allow users to customise data and charts for their own businesses.

  • View an interactive compilation of video, key quotes and transcripts at pwc.com/ceosurvey/indepth.
  • Examine the data from every angle – by business issue, region and industry sector at pwc.com/ceosurvey/thestory.
  • Use the benchmarking tool to compare your point of view to that of your competitors and peers.
  • Look at the industry summaries – a complete picture of the issues at the heart of each industry.
  • Hand-pick the most relevant information and create a custom report.

Samuel attributes the tremendous success of the PwC Global CEO Survey – now it its 12th year – directly to the willing participation of leaders around the world. The CEO commitment to the Survey reinforces its role as a valuabletool, not only for better understanding the current mindset of their peers, but also for identifying the specific risks and the opportunities that they anticipate will shape the future of business.

To read the survey click here

Sunday, March 22, 2009

Time to dip your beak in the water?

Sorry for not able to post for so long. Well the only thing I can say that I just saw the worst week of my entire life till now. Coming back to the usual stuff. Sharing an interesting article written by Shaun Smith at his site. He is an expert that I extensively follow, and hence is highly recommended to interact or follow for developing the customer experience for your organization.

Shaun’s Article : -

What do Barack Obama, Stephen Fry and Sir Richard Branson have in common? They are all avid ‘Tweeters’. Twitter.com is now the 3rd largest social networking site after MySpace and Facebook with 6 million users according to latest estimates. It is also the fastest growing community on the planet.

“So what?, you say; Twitter is just for self-absorbed teenagers who wish to share the minutiae of their sad lives with their circle of sad friends. Why should you care? Well, maybe because IBM, Virgin, Cisco, O2, Wholefood Markets, Jet Blue, The BBC, The Los Angeles Fire Department and the President of the United States, to name but a few, care. They use it to communicate, listen to their customers, gauge reactions and help manage crises.

In January 2009, US Airways Flight 1549 experienced multiple bird strikes and had to be ditched in the Hudson River after takeoff from LaGuardia Airport in New York City. Janis Krums, a passenger on one of the ferries that rushed to help, took a picture of the downed plane as passengers were still evacuating and tweeted it via TwitPic before traditional media arrived at the scene so that the emergency services and media knew just what was unfolding.

One of my favourite brands is The Geek Squad. The other day, one of their Special Agents was fixing my computer and as always, was giving me great advice on technology in general. He told me that The Geek Squad and their partner, the Carphone Warehouse, use the search functionality on Twitter to find people who have problems with their handsets and technology and then send a message to them offering help and advice-even when these people are not their customers.

Think about that for a moment- no more sitting in a queue waiting for some IVR machine to answer your call; you merely tweet about your problem and then you get a call from someone like ‘my’ Geek Squad Special Agent offering to make the pain go away!

I decided it was time to put away my middle-aged prejudice and check this out. I opened my Twitter account and pretty soon was ‘Tweeting’ like a good’un. And the penny dropped for me-there is a world of information out there and people willing to share the best bits for free. Interested in CEM? Politics? Vintage cars? Whatever your interest you can get great sources of information and recommendations with a few clicks.

So what does it offer that Google doesn’t? - recommendations from people who share similar interests. For example, if you want to get some great tips on customer experience papers and research then follow my friend Randy Saunders of Cincom. http://twitter.com/RandySaunders

Of course if you get tired of working you can check out the most followed person on Twitter, Stephen Fry (306,017 followers and counting) and find out what he is having for dinner…

Alternatively, if you get really bored you can follow him at http://twitter.com/ShaunSmith_CEM

Sunday, March 15, 2009

New Study Examines Financial Impact of Brand Experience in the Wireless Industry

This week Satmetrix released a study that explores the relationship between Net Promoter® and Word of Mouth in the business-to-consumer wireless Industry.

Net Promoter is a discipline that provides a proven approach for measuring and improving customer loyalty. The Net Promoter Score compares the number of “Promoters” (those who are highly likely to recommend a company and/or its products) to the number of “Detractors” (those who are unlikely to recommend a company and/or products) within an organization’s customer universe, resulting in a single metric that serves as an accurate indicator of customer loyalty and long-term growth.

Satmetrix developed the Net Promoter Economic Framework, which determines total customer value based on buyer and referral behaviors of "Promoters" and "Detractors." Buyer economics refers to how much a customer spends over a given period of time, while referral economics refers to the amount of new business that is gained or lost as a function of what the customer tells others about their experience.

Applying this framework to the wireless industry in the study,  Satmetrix discovered that each Promoter was worth approximately $1,700 and accounted for roughly one-half of a new customer acquired through positive word of mouth. Conversely, each Detractor accounted for the loss of 1.3 new customers through negative word of mouth. The lost business associated with their negative referrals subtracts the entire value of their purchase behavior and then some, creating a net cost of $300. In other words, each Promoter is worth $2,000 more than a Detractor.

"While reported spend did not differ by Net Promoter category, Detractors' negative word of mouth behavior represents a significant hidden cost and net drain on the bottom line," said Dr. Vince Nowinksi, director of methodology at Satmetrix.

Within the wireless industry, Net Promoter is a strong indicator of referral behavior and the impact of word of mouth is clear when comparing Verizon and Sprint-Nextel. Verizon — the loyalty leader — enjoys a high rate of positive word of mouth. Moreover, while Verizon loses roughly one potential customer for each Detractor within its customer base, each Sprint-Nextel Detractor costs the company two new customers.

"A company's ability to take action to increase Promoters and reduce Detractors has a significant impact on financial performance," said Dr. Laura Brooks, vice president of business consulting and methodology for Satmetrix. "Companies with a business strategy focused on the customer experience enjoy stronger brand affinity, improved retention, and increased growth."

This new report, “Net Promoter Economics: The Impact of Word of Mouth," is available from Satmetrix.

Courtesy – Randy Saunders at Perfect CEM

Tuesday, March 10, 2009

Happy Holi!!

Wishing a very Happy and Colorful Holi!

So what is Holi. Some explanation:-

Holi (referred to as Phagwa in Bhojpuri), also called the Festival of Colours, is a popular Hindu spring festival observed in India, Suriname, Guyana, Trinidad, the UK,and Nepal. In West Bengal of India and Bangladesh, it is known as Dolyatra (Doljatra) or Boshonto Utsav ("spring festival").

The main day, Holi, also known as Dhulheti, Dhulandi or Dhulendi, is celebrated by people throwing coloured powder and coloured water at each other. Bonfires are lit the day before, also known as Holika Dahan (death of Holika) or Chhoti Holi (little Holi). The bonfires are lit in memory of the miraculous escape that young Prahlad had when Demoness Holika, sister of Hiranyakashipu, carried him into the fire. Holika was burnt but Prahlad, a staunch devotee of Lord Vishnu, escaped without any injuries due to his unshakable devotion. Holika Dahan is referred to as Kama Dahanam in Andhra Pradesh.

Holi is celebrated on the full moon day in the month of Phalugna or Falguna (Phalgun Purnima), which usually falls in the later part of February or March. In 2009, Holi (Dhulandi) is on 11th March and Holika Dahan is on 10th March.

Rangapanchami occurs a few days later on a Panchami (fifth day of the full moon), marking the end of festivities involving colours.

Read More Information about Holi :

Pictures of Holi :

Videos of Holi:

Monday, March 9, 2009

Goals Gone Wild: The Systematic Side Effects of Over-Prescribing Goal Setting

Goal setting is one of the most replicated and influential paradigms in the management literature. Hundreds of studies conducted in numerous countries and contexts have consistently demonstrated that setting specific, challenging goals can powerfully drive behavior and boost performance. Advocates of goal setting have had a substantial impact on research, management education, and management practice. In this article, we argue that the beneficial effects of goal setting have been overstated and that systematic harm caused by goal setting has been largely ignored.

We identify specific side effects associated with goal setting, including a narrow focus that neglects non-goal areas, a rise in unethical behavior, distorted risk preferences, corrosion of organizational culture, and reduced intrinsic motivation. Rather than dispensing goal setting as a benign, over-the-counter treatment for motivation, managers and scholars need to conceptualize goal setting as a prescription-strength medication that requires careful dosing, consideration of harmful side effects, and close supervision. We offer a warning label to accompany the practice of setting goals.

Read More

Abstract from Lisa D. Ordóñez, Maurice E. Schweitzer, Adam D. Galinsky, Max H. Bazerman (2009), Working Paper, 09-083

Friday, March 6, 2009

Thank God, Its Friday…

It has been a long and bad day for me. I am glad we have entered into the magical period of Friday evening. Hence hoping to relax and achieve something this weekend. Something Important!!

The day was nothing near to what I could have anticipated and to sum up the day I came across this HORROR story. This is a True Horror, which took place last month. This happened about a month ago near Lonavala (near to Mumbai)

A guy was driving from Mumbai to Pune and decided not to take the new expressway as he wanted to see the scenery.. The inevitable happens and when he reached the ghats his car breaks down. He's stranded miles from nowhere.

Having no choice he started walking on the side of the road, hoping to get a lift to the nearest town It was dark and pretty soon he got wet and shivering. The night rolled on and no car passed by.

Suddenly, he saw a car coming towards him. It slowed and then stops next to him. Without thinking the guy opened the door and jumps in. Seated in the back, he leaned forward to thank the person who had saved him. He realizes there is nobody behind the wheel!

Even though there's no one in the front seat and no sound of any engine, the car starts moving slowly. The guy looks at the road ahead and sees a curve coming. Scared almost to death he starts to pray, begging the Lord for his life.

He hasn't come out of shock, when just before he hits the curve, a hand appears through the window and moves the wheel! The car makes the curve safely and continues on the road to the next bend. The guy, now paralyzed in terror, watches how the hand appears every time they are before a curve and moves the steering wheel just enough to get the car around each bend.

Finally, the guy sees lights ahead. Gathering his courage he wrenches open the door of the silent, slowly moving car, scrambles out and runs as hard as he can towards the lights. It's a small town.

He stumbles into a dhaba (a local roadside restaurant), and asks for a drink, and breaks down. Then he starts talking about the horrible experience he's just been through

There is dead silence in the dhaba when he stops talking And that's when Santa and Banta (two individuals) walk into the dhaba Santa points and says, "Look Banta, that's the weird guy who got into our car when we were pushing it"

Thanx for reading it too seriously :)

Have a Good Weekend!!

Monday, March 2, 2009

Efficiency Without Relationships is Worthless

Efficiency in the Context of Relationships? Priceless..

by sanchome

Companies who once freely shared information with their customers, suppliers and channel partners are becoming more elusive and closed. They are locking down knowledge as if it were cash, not sharing nearly as much anymore. This is hurting them and everyone they do business with pretty quickly. As a result entire groups of companies risk coming to a grinding halt

If anything, opening up and sharing even more knowledge, and sharing it aggressively, freely and fluidly is what's needed. What's going on today however is a blind focus only on efficiency to the exclusion of anything else. Efficiency will not save any company from a recession but a strong network of knowledge sharing can help.

Efficiency without relationships is worthless.

Efficiency in the context of relationships is priceless.

Antidote for the Knowledge Recession

Let's face it, many of our customers, companies we partner with and even our suppliers have a crisis of confidence going on. What's the best path of a lack of confidence?

Knowledge and lots of it.

All of us can point back in our past and recite those teachers and professors who took an exceptional interest in our success. They were known for their passion for knowledge and for freely sharing it. My sixth grade social studies teacher showed how research could unshackle you and take you places you could never go as an 11 year old, yet you could go to the farthest reaches of the globe through research. There was a statistics professor in college who showed how what many students see as arcane and dry science was actually fascinating and alive with insights just waiting to be discovered when applied to mountains of data. These teachers were on a mission, and they succeed.

"Better than a thousand days of diligent study is one day with a great teacher."
– Japanese proverb

While websites, content management or knowledge management systems can't match the impact these committed teachers had on so many lives, their worth ethic and values need to be the foundation of how your company averts a knowledge recession. We all need to step up and freely share knowledge to make our customers stronger by making them more informed. They will be more capable of weathering this economic downturn as a result.

Bottom line:

Re-think how you are making your customers, suppliers and partners stronger by sharing knowledge.

From the most simplistic portal to the most sophisticated knowledge management systems, averting a knowledge recession takes a deliberate effort to break down the walls of fear that are starting to freeze companies from working with each other.

Courtesy – Louis Columbus at Expert Access