8 factors_sf small biz conference workshop
TRANSCRIPT
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Things that I Value :
Honesty (cash register and goal setting)
Willingness to change
Listening
Constructive Conflict
Pursuit of Perfection
Diversity (everyone can be themselves)
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o p e r a t io n ale x c e l le n c e
❡ Obsessed with eliminating waste
❡ Offer the lowest prices possible
❡ Leverage economies of scale
❡ Focus on the total supply chain
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P R O D U CTL E A D E R SH IP
Innovative and arrogant, tell customers what they wantRisk takersCharge a premium, must fund Research and DevelopmentDeliver "Wow" products
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C U S T OM E RIN T IM A CY
No scope of workDo-ersObsessed with doing more and more for the customerPursue "Customer Loyalty"Charge a premium
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S E R V IC EL E A D E R SH IP
Look to deliver Ordinary things in an Extraordinary wayObsessed with “wow”Look to surprise the customer, inoculate them against the substitution/competition diseaseService is not a billable feature
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Segment yourcustomers.
❡ Values
❡ Ages
❡ Gender
❡ Income Levels
❡ Spending Habits
❡ Spending Decisions
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Look at currentrelationships.
❡ Suppliers
❡ Employees
❡ Outsource vs Insource
❡ Partnerships
❡ Use of Technology
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Embracetruths aboutyour customers.
❡ Some customers are more profitable than others.
❡ It is ok to treat them differently.
❡ Beware of "new" vs "old".
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U T IL IZ INGC U L T U RE
Secret WeaponTurnover is lowPeople give more than 100%People recommend friendsRecruiting is easy & inexpensivePeople don't have a job