Data Pulses to stimulate

Make Feedback Feel Normal

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Leadership Tip of week

adapted from HBR

Let’s face it, giving and receiving feedback can be uncomfortable.

To make it easier, you don’t necessarily have to get better at saying the exact right thing; you just need practice.

If you see someone doing something they can improve, offer your observations right away. Don’t wait until your next meeting to provide your input; give it in the moment. You want as little time as possible between identifying and discussing the problem.

After you address the problem, offer a “patch up” to help them know that you respect them. The biggest predictor of whether someone will become defensive after presented with feedback is the motive behind it. If they know that you’re trying to help them and hold them accountable, they are less likely to push back.

Adapted from “How to Make Feedback Feel Normal,” by Joseph Grenny  

 

Show Empathy for your Team

people

Leadership Tip of the week

adapted from HBR

There’s no doubt that people want to feel appreciated and listened to at work. As a leader, it’s your job to create an empathetic environment where everyone feels valued. Here are a few simple things you can do to show empathy for your team:

  • Observe, listen, and ask questions. Stop assuming that you know what people are thinking and feeling — you probably don’t. There’s always more to learn if you’re quiet and curious.
  • Stop multitasking. If you’re writing an email to one person while talking with another, neither one is getting the best of you. Put your phone down and give your full attention to the person in front of you.
  • Don’t give in to distractions. There’s always a deadline looming, a crisis to deal with, or an annoyance to put to rest. It’s important to slow down and take a step back from all of this stress. Practice mindfulness, and encourage your employees to do the same. Let them know it’s OK to take some time for themselves.

Adapted from “If You Can’t Empathize with Your Employees, You’d Better Learn To,” by Annie McKee

The Art of Storytelling by Brands

neandethal-stories

Anthropologists tell us story is the universal language that has quite literally ensured the survival of the human race. Our Neanderthal ancestors told stories to pass on information that would keep the tribe safe—tales of misadventure and survival about what to fear or to embrace. We tell stories to inform and connect, to inspire and create change.

Brands have long known that story is a powerful tool, but in business circles, we’re often more concerned with the mechanics of storytelling than the reasons we need a story to tell. Where would we be today if our ancestors had started with the mechanics without understanding why their stories mattered? Even the most primitive humans understood that their stories had a purpose.

Over the past fifty years, the outward motivation of brand storytelling (in the form of advertising) was to get attention in the moment and to acquire more customers. In many ways the ‘tell to sell’ strategy sold the power of storytelling short. Today the businesses that use story to the best advantage understand the primary reason to invest in brand storytelling is to build trust with the customers we are committed to serving and keeping, and we can’t begin to tell effective stories without understanding the trust gap we’re trying to fill.

Trust is the most undervalued and precious resource of our time. This makes storytelling one of the most important investments we can make.

how to make a c-store more Convenient

 

 7-11

Data Pulse #711

7-11 seized an opportunity to use the existing technology that most of its shoppers already had in their hands as they entered the store, and it did it from a standing start using AGILE methodology like a baby learning to CRAWL, WALK, RUN

 7-11 can now push real-time, rules-driven offers to customers through the 7-11 app.

The decision was made to launch a mobile app in efforts to deliver what the customer wants, when they want it, where they want it. Offers take account of rich data about the customer, both live and historic:

Real-time transactional: current basket, comms received, channel, geofencing

Real-time contextual: location, location temperature, time of day.

Historic modelling: transaction data, profile data, modelling scores.

Insights gained from feedback to offers over time is incorporated into business rules in a process of continuous refinement.

So, for example, on a cold morning, 7-Eleven might push hot drinks offers. At midday, some customers might receive offers for packaged lunches while others receive promotions on fresh foods. In the evening, lifestyle insights might be used to determine that some customers might be tempted by pizza and a DVD rental.

7-11 2

To build this capability, 7-Eleven is implementing a Crawl, Walk, Run process:  essentially an AGILE approach to building a customer and data-led convenience store customer experience

  1. Crawl: build the customer database, launch mobile app, introduce offers.
  2. Walk: integrate self-reported data into profiles, feed segmentation and modeling into communication strategies, increase volume of membership, transactions and offers.
  3. Run: launch programmatic loyalty (moving from offers to earned rewards), incorporate unstructured social/web data, advanced analytics, customer engagement.

7-11 3

The app also features an Idea Hub, where engaged customers can offer suggestions for ways 7-Eleven might improve stores, the app, or any other part of its offer.

 

Creating an Open Culture

 Digital-Consumer 2

Management Tip of the week

adapted from Harvard Business Review

Create a Culture Where People Are Open to Feedback

 

The benefits of an open culture — where frank, candid discussions about problems are possible — are immense, but building an open culture is difficult. However, once you establish the practice of open feedback across the company, you’ll likely find that it builds momentum quickly. Leaders can set their organization on the path to having an open culture by modeling three behaviors:

  • Showing appreciation. Overcome the negative connotation of “feedback” by recognizing your employees’ good work too. Research suggests you should share positive feedback three times as often as negative feedback.
  • Opening up. We all tend to respond to feedback by protecting ourselves, but building an open culture requires leaders to really listen to what people say to them. Demonstrate how to receive feedback without taking it personally.
  • Getting the whole company involved. Silos create an “us vs. them” mindset. Get other departments involved in decision making early and often.

Adapted from “Create a Culture Where Difficult Conversations Aren’t So Hard,” by Jim Whitehurst

Segmentation is easy

 

netfix house of cards

 data pulse #37

Delivering the most relevant, inspirational messaging and experiences through advanced segmentation and targeting is a key advanced use of data. Segmentation itself is relatively straight forward, we all do it all the time. The skill for CMO lies in bridging the technical teams and the business imperatives to develop segmentation that delivers on commercial objectives

Netflix is an organisation that uses data in three of the advanced states. Netflix micro-tagging of vast content archives allowed creation of nearly 77,000 film segments, rich data, views, searches , times, pauses and more is used to build behavioural profiles and predictive algorithms give uniquely targeted recommendations.

The segmentation techniques are not dissimilar to the segmentations that Tesco, Sainsbury’s and Coop Food built for segmenting members. Both cluster users based on attributing product features to films / products and then clustering film watched/ products bought using analytics.

The difference is the Volume, Velocity and Veracity of data used.

Coop Food apply 7 segments to members annually,

Netflix create 77,000 segments on daily basis, continually refining which segment members are in so better able to predict your best next film.

More complex isn’t always better, as organisations need to WALK before they can RUN, and align people and processes before they build more complexity. Coop is now using customer segmentations and tools and processes for building ranges and promotional plans, and continually building and refining.

Customer focus, data-driven to deliver commercial imperatives.

Building more sophisticated segmentations will develop but add value if they are aligned to deliver commercial objectives, so creating strategic and operational capabilities

 

 

Use Celebrations to Mark Important Moments at Work

customers 11Leadership Tip of the Week from HBR

People have long used ceremonies — bar mitzvahs, baptisms, weddings, inaugurations, quinceañeras — to mark changes and turning points.

Companies have ceremonies too, but they often focus on celebrating the positive: birthdays, work anniversaries, promotions, and project victories.

These types of recognition are important and shouldn’t stop, but companies should consider using celebrations to help people through hard times. This can be a powerful way to mark difficulties, acknowledge dark passages, honor those who have made sacrifices or experienced hardship, and help people move on.

You may not pop a bottle of champagne after a difficult reorg, but you might gather as a group and read your mission statement aloud or hold a mock funeral for the past (as Steve Jobs did at the 2002 Worldwide Developers Conference, to mark the end of the Mac’s OS 9).

Communal experiences like these can help strengthen your group’s bonds, values, and vision.

Creating C.I. from B.I. for Customers

 

British Gas

Data-Pulse #69

Using data- driven analytics and technology to create new services that improve the Customer Experience by creating CI (customer version of BI) has emerged recently:

British Gas and Southern California Electric:

The development of SMART meters has revolutionised the available data from Energy. British Gas connect multiple sources of data to display personal energy use in simple terms: not just kW usage per day/ hour but cost per day/hour, with comparisons to average houses in the area, all presented in easy to use tables and graphs.

British Gas Hive 2

It provides clear practical information that delivers “Informed Energy”. It tells me last week it cost £3 a day to heat my home, and if i turned the thermostat down by 2 degrees i would save £1 a day……. giving me control

California Electric have used variable and peak demand pricing in California to manage energy use in area where there are energy restrictions.

The creation of Hive by British Gas allows remote control of customers’ home central heating, again with an excellent customer experience, allows customers to run their home more efficiently. I can turn the heating on as I come home from work, or manage remotely my teenage daughter who has turned up the temperature before going out herself.

British Gas Hive

Hive will continue to develop as IoT connects more devices to create a House management system.  your Fridge will be connected via IoT to electricity supply and it will automatically switch itself off in periods of low use ( night time ) when no energy is needed to maintain temperature.

Hive have just launched new products in the Hive product family:

  1. Hive Active Plug to connect home electrical appliances via your phone. eg iron or hair straighteners or schedule lamps to turn on and off when on holiday
  2. Hive window or Door Sensor: you can find out if a door is opened or closed when you are away from the house , they’ll tell you by sending an alert to your phone.
  3. Hive Motions Sensor: extra peace of mind with small and sophisticated sensors sending alerts to your phone if movement spotted in your house. 

british gas hive 1

 

Listening as Leadership Tool

Listening as tool

Leadership Tip of the week,

adapted from HBR

What do you think?  best question asked to set up listening

Listening Is an Overlooked Leadership Tool

Listening can be a challenging skill to master and  three levels of listening have been identified:

  1. Internal listening- your own mind talk is focused on your own thoughts, worries, and priorities, even as you pretend you’re focusing on the other person
  2. Focused Listening-is being able to focus on the other person, but you’re still not connecting fully to them. The phone may be down and you may be nodding in agreement, but you may not be picking up on the small nuances the person is sharing
  3. 360degree listening This is where the magic happens. You’re not only listening to what the person is saying, but how they’re saying it — and, even better, what they’re not saying, like when they get energized about certain topics or when they pause and talk around

The impact on Leadership of moving quickly through your mindtalk to 360 degree listening can’t be underestimated.

Three Tips to Listen Better for Ninja 360 listening skills

  1. Look People in the Eye
  2. Create space in your day
  3. Ask more Questions

Full Article by Melissa Daimler @Twitter

http://www.hbr.org/2016/05/listening-is-an-overlooked-leadership-tool

The new CMO agenda

 

data pulse#11

Designing Human & Digital Customer Experience is the CMO’s Top Priority

Making the customer the centre of the universe is a battle cry across virtually every industry. And CMOs — working in concert with CIOs and business-unit heads — are leading that charge. This battle is not business-as-usual, for the following reasons:

  • Traditional loyalty structures are eroding, causing companies to have to work harder to retain customers or risk driving up churn.
  • Customers expect high levels of personalization, forcing companies to design experiences as close to the individual level as possible.
  • Agile digital companies are seeking to disintermediate the relationship between both traditional digital and brick-and-mortar companies and their customers.
  • Companies must now differentiate on the experiences they deliver to customers.

Each of these forces creates challenges; more importantly, the additive impact of these forces mandates deep-rooted changes in a company’s strategy and operations. To state the obvious, customers neither understand nor care about how hard it is to deliver consistent, quality and personalized experiences. That is the privilege of having market power.

Taking stock, the CMO’s agenda now looks more and more like the CEO’s or COO’s agenda.

The agenda

The CMO’s agenda can be separated by a line of visibility: some pieces customers can see, and some they cannot.

Key initiatives such as strategic positioning, brand and loyalty programs are traditional CMO agenda items.

The new and most important item is designing consistent, high-quality, and personalised experiences across both human and digital touchpoints.

The need to differentiate on the basis of experience is really what drives the deep-rooted operational changes below the visibility line. In most cases, delivering differentiated experiences is not business-as-usual; it will require more severe structural and operational changes such that a company looks and operates differently than it does today. The CMO agenda now consists of:

  1. Making organisational changes to better align capabilities and ensure a seamless delivery of experiences across human and digital touch points.
  2. Transitioning process design from being efficiency-focused to customer-focused.
  3. Making hard changes in people and culture, including leadership, new roles, competencies and a customer-focused culture that fuels the business.
  4. Putting in place an analytics capability to enable data-driven, personalised journeys.
  5. Initiating or accelerating the business technology agenda to improve technologies that deliver customer value and drive growth.

Combined, these efforts tell us that companies, and CMOs specifically, need to think hard about making a fundamental shift in their operating model. To add to the complexity, changes to the operations across the company need to be sufficiently cohesive to ensure they don’t damage or create uneven customer experiences.

For better or worse, this is what is in front of many CMOs today — to lead the charge to understand the consumer mind set in the digital age and truely become a customer-obsessed organization. This isn’t veneer or some clever tagline. It is the hard work to differentiate and win in the Age of the Digital Customer

 

When taking a Risk is safer than Sticking

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HBR Management Tip of the week

Most of us consider ourselves to be risk averse, but what we consider “safe” behaviour often contains much more uncertainty than we suspect. That’s because safety generally involves consistency of a condition — whether that’s job security, a stable marriage, or the value of a currency.

The challenge is that there are very few environments that remain static. “Safe” investments like gold can lose value. You could be fired from your “safe” job. And yet we behave as if the current state will persist in perpetuity.

While no one can predict the future, there are a few tactics you can use to get better at evaluating risk. Before you make a decision, do your research on all of the potential avenues of action. Ask credible experts to weigh in. And don’t forget to evaluate the inherent risk of doing nothing. Sometimes the status quo is actually riskier than taking a leap into the unknown.

Adapted from “Why That Risky Career Move Could Be a Safer Bet than You Think,” by Karen Firestone

Data driven President Trump

trump-inauguration-2

data pulse #45

Donald J Trump has now become the 45th President of United States of America, with an inauguration speech that laid out a very different vision of America First driven from his appeal in Middle America. He lost the popular vote to Hilary Clinton by 3m but won the vote in the electoral college by a landslide.

President Trump achieved success in the electoral college by building a data juggernaut ahead of the one Barack Obama built 2008/2012: putting tools in place to get out the vote for his supporters in the counties and states that mattered to win

In 2015 his campaign assembled an experienced data team to build sophisticated models to transform fervour into votes. The team is led by two low-profile former data strategists, Matt Braynard and Witold Chrabaszcz, and they used  the Republican Data Centre plus supercharging it.

The RNC Data Center 2016 is a powerful query and data management tool, providing an interface for over 20 years of voter contact data. This allows Republicans / Trump to read and write data to and from the platform, continuously serving up the latest information to Trump. If Trump wanted to find 10 people on a residential block that haven’t voted in the past 20 years, have strong views on conservative topics and don’t like the Affordable Care Act, they could do so in seconds.

The system is described as the ‘centrepiece of the RNC’s new data-driven political ground game.’ Voter scoring is employed to track each individual in for contact (by mail, door, phone) and whether they voted (by absentee or on Election Day). Advanced voter profiling even matches social data to voter data automatically

The data push is focused on integrating information Trump has collected, through his campaign website and at voter rallies, on nontraditional or unregistered supporters. It also includes commercial data obtained from the RNC and other sources, in an effort to mobilize voters in key early states.

A data driven Trump stormed ahead in Key seats in 2016. The challenge now is now President Trump applies these lessons for the next 4 years.

2016 electoral map.png

Check out other Blogs : Data Driven Rednecks, Obama in Subscription Business

10 thoughts on exponential age

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The world is changing rapidly and that change is accelerating.

In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide.  Within just a few years, their business model disappeared and they went bankrupt. What happened to Kodak will happen in a lot of industries in the next 10 years – and most people don’t see it coming.

Did you think in 1998 that 3 years later you would never take pictures on paper film again? Yet digital cameras were invented in 1975. The first ones only had 10,000 pixels, but followed Moore’s law. So as with all exponential technologies, it was a disappointment for a long time, before it became way superior and got mainstream in only a few short years.

It will now happen with Artificial Intelligence, health, autonomous and electric cars, education, 3D printing, agriculture and jobs.

Welcome to the 4th Industrial Revolution. Welcome to the Exponential Age.

Here’s 10  thoughts :

  1. Software will disrupt most traditional industries in the next 5-10 years.Uber is just a software tool, they don’t own any cars, and are now the biggest taxi company in the world. Airbnb is now the biggest hotel company in the world, although they don’t own any properties.
  2. Artificial Intelligence: Computers become exponentially better in understanding the world. In the US, young lawyers already don’t get jobs. Because of IBM Watson, you can get legal advice (so far for more or less basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans. So if you study law, stop immediately. There will be 90% fewer lawyers in the future, only specialists will remain. Watson already helps nurses diagnosing cancer, 4 time more accurate than human nurses. Facebook now has a pattern recognition software that can recognize faces better than humans. By 2030, computers will become more intelligent than humans.
  3. Autonomous Cars: In 2018 the first self-driving cars will appear for the public. Around 2020, the complete industry will start to be disrupted. You don’t want to own a car anymore. You will call a car with your phone, it will show up at your location and drive you to your destination. You will not need to park it, you only pay for the driven distance and can be productive while driving. Our kids will never get a driver’s license and will never own a car. It will change the cities, because we will need 90-95% fewer cars for that. We can transform former parking space into parks. 1.2 million people die each year in car accidents worldwide. We now have one accident every 100,000 km, with autonomous driving that will drop to one accident in 10 million km. That will save a million lives each year.Most car companies may become bankrupt. Traditional car companies try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels. I spoke to a lot of engineers from Volkswagen and Audi; they are completely terrified of Tesla.
  4. Insurance Companies will have massive trouble because without accidents, the insurance will become 100x cheaper. Their car insurance business model will disappear.
  5. Health:  There will be companies that will build a medical device (called the “Tricorder” from Star Trek) that works with your phone, which takes your retina scan, your blood sample and you breathe into it. It then analyses 54 biomarkers that will identify nearly any disease. It will be cheap, so in a few years everyone on this planet will have access to world class medicine, nearly for free.
  6. 3D printing: The price of the cheapest 3D printer came down from $18,000 to $400 within 10 years. In the same time, it became 100 times faster. All major shoe companies started 3D printing shoes. Spare airplane parts are already 3D printed in remote airports. The space station now has a printer that eliminates the need for the large number of spare parts they used to have in the past.At the end of this year, new smart phones will have 3D scanning possibilities. You can then 3D scan your feet and print your perfect shoe at home. In China, they already 3D printed a complete 6-storey office building. By 2027, 10% of everything that’s being produced will be 3D printed.
  7. Work: 70-80% of jobs will disappear in the next 20 years. There will be a lot of new jobs, but it is not clear if there will be enough new jobs in such a small time.
  8. Agriculture: There will be a $100 agricultural robot in the future. Farmers in 3rd world countries can then become managers of their field instead of working all days on their fields. Agroponics will need much less water. The first Petri dish produced veal is now available and will be cheaper than cow-produced veal in 2018. Right now, 30% of all agricultural surfaces is used for cows. Imagine if we don’t need that space anymore. There are several startups that will bring insect protein to the market shortly. It contains more protein than meat. It will be labeled as “alternative protein source” (because most people still reject the idea of eating insects)
  9. Longevity: Right now, the average life span increases by 3 months per year. Four years ago, the life span used to be 79 years, now it’s 80 years. The increase itself is increasing and by 2036, there will be more than one year increase per year. So we all might live for a long long time, probably way more than 100.
  10. Education: The cheapest smart phones are already at $10 in Africa and Asia. Until 2020, 70% of all humans will own a smart phone. That means, everyone has the same access to world class education.

Use Storytelling to explain your company’s purpose

 

The idea of “purpose” has swept the corporate world. Encouraged by evangelists like Simon Sinek, myriad firms like Coop, are devoting real time and attention to explaining why they do. But activating purpose is impossible without storytelling, at both the corporate and individual levels. Purpose is essential to a strong corporate culture, it is often activated and reinforced through narrative. Individuals must learn to connect their drives to the organization’s purpose and to articulate their story to others.

This is hard for most business leaders. Great leaders are often humble and reticent to speak about themselves. This impulse is admirable, but it falls short of what’s needed to inspire people to join in the purpose of an organization. And many businesspeople feel more comfortable with waterfall charts and P&Ls than with telling their own stories.

Only narrative can do that. Storytelling is a skill that leaders can — and should — hone.

Self, Us, Now

Ganz argues that for people to inspire others with the mission of their organization or cause, they must first link that mission to their own motivations, and then connect it through story to those of the people they are hoping to persuade. Ganz has developed a simple framework for those hoping to develop a narrative approach to their purpose-driven organizations: ” Self, Us Now”

Self

To create a public narrative for your own organization, start with “self.” This is perhaps the most difficult part for many businesspeople because it involves focusing on real events in one’s own life and explaining how these incidents established the values that will later link to the values of the organization.

steve jobs stanford

An excellent example of this is Steve Jobs’s address to the Stanford graduating class in 2005. The address was largely a deeply personal reflection on Jobs’s personal history — his working-class upbringing, his dropping out of college. Perhaps more importantly, however, he spoke about how his love of calligraphy instilled with him a love of design that would later guide his work at Apple, and how his cancer diagnosis reinforced in him a deep desire to live passionately and authentically — as if each day were his last. It’s beautiful storytelling, and it gives you a glimpse into who Jobs was, what he valued, and how that would later guide his work at Apple and elsewhere. What’s compelling about Jobs’s address is that it seems authentic and raw. A great story of self has to be a real story of self. Finding that story may require a leader to reflect deeply on her past and motivations, and communicate them honestly — even those parts that are embarrassing or imperfect.

Us

The next step, “us,” aims to connect these values with broader shared values of the audience — clients or employees, for example. In this step, you weave your own personal narrative into the narratives of others through shared values, experiences, hopes, and aspirations. In doing so you create a common narrative for the group or organization. In literature, a well-known example of this (one that Ganz often highlights in class) is the St. Crispin’s Day speech from William Shakespeare’s Henry V. In it, King Henry, attempting to motivate an English army demoralized by their lack of strength, calls on his troops to be a “band of brothers” fighting valiantly together for each other, their country, and the values they share.

anita roddick.jpg

While it’s miles away from the battlefield of Agincourt, The Body Shop is a Good example of how a business applied this technique. They focused telling the story of their mission : ‘To dedicate our business to the pursuit of social and environmental change.’ using our stores and our products to help communicate human rights and environmental issues. They feature the story of their founder Anita Roddick on the website. The story of Anita and her husband founding the Body Shop in Brighton in 1976. Anita wanted to found a health and beauty products skin care, hair care and make-up that are produced ethically and sustainably. It was the first beauty company to ban testing on animals use Fairtrade products and still sources Fairtrade products from around the world.  Anita was company spokesperson for years beyond her operational involvement. Just before Anita’s death in 2007 Body Shop was sold to L’Oreal , acting as a “Trojan Horse for environmental change within multinational organisations”.  A great “story of us” establishing a community, its values and how they came to be.

http://www.anitaroddick.com/aboutanita.php

Now

Finally, the close is what Ganz calls the “now” — an urgent call to action for those who wish to share the purpose of a group or an organization. Consider Great Ormond Street Hospital. one of the most trusted charities in UK.  The organization’s purpose is “Finding Cures. Saving Children,” and their site is filled with the stories of the kids they serve. Their call to action – often, simply to give financially — is simple, direct, and compelling in their videos and materials. meet patients like Dominic….. ( and Joe,Lara.Matthew,Sophia,Stanley, Zihora….)

http://www.gosh.org/meet-our-patients/dominic

Kickstarter

Kickstarter, similarly, has an impactful way of asking people to join its team. That narrative starts by having its founder tell the story of the company (the “self”). Their website includes pictures and short descriptions of each and every company employee (“the us”). Finally, the narrative culminates its “now” call to action with a careers page asking: “Love Kickstarter? You’ll fit right in.” These stories are most powerful when they are individually authentic, build to a collective narrative and values, and then seal the deal by asking the person reading, watching, or listening to join in.

Storytelling can be awkward and unfamiliar to many professionals, particularly if you’re sharing personal experiences. Yet the motivation for this storytelling is not self-aggrandizement, but to create a purpose and culture that others can share.

Purpose is what builds real passion, motivation, and buy-in for the stakeholders of any organization. And it can be articulated by leaders who’ve learned to tell their stories and the stories of the organizations, people, and causes they serve.

 

#data centric CEO of the future

talktalk-ceo-dido-harding

Recent data breaches show  , once again, the issue of cyber-security, and the apparent ease with which it can be committed. Looking after their customers’ data as if it were their own must be the first priority of that business, thus the rise of a new, data-centric CEO, and a new data-centric Chief Customer Officer.

The truth is that no one really wants to think about or discuss cybercrime; not only do consumers not seem to understand the breadth and depth of what is actually happening on the dark web, they don’t really want to sacrifice any of the free services they receive in exchange for their personal data – so they stick their heads in the sand and hope for the best.

Any business wouldn’t exist on the high street if it didn’t lock its shops up at night, or have a team of “loss prevention experts” that ensured people didn’t just walk in, pick up and walk out with stock or money. Cyber security is just like any other security or loss prevention, just digital and in “cyberspace”

Additionally, consumers will have to take much more responsibility for their personal data. Currently in love with the “frictionlessness” of many an app or service online, they eagerly exchange more personal data than is probably necessary; such is the pull and promise of convenience.

Organisations need to think about customers data being their own data not the organisations and they need to take treat it as if it belonged to each and everyone of their customers. If they don’t look after it in the way that their customers expect, they will lose trust and ultimately lose their customers and their business.

Customers will choose the brands that they trust:  It is very possible that one day it will be ‘choosers’ who demand of the brand that it signs up to their terms and conditions, not the other way around.

The Best Leaders REALLY Listen

customer 5

Leadership Tip of the Week

adapted from HBR

In a world of instantaneous global connection, one of the most authentic modes of communication still is just listening to someone.

But listening can be a challenging skill to master. How can you build your ability?

Start by creating space in your day. Block off time in your calendar to reflect on a recent conversation and to prepare for the next one. When a colleague or employee asks for advice, make sure you understand the situation. Before answering, ask a question. Clarify what they really need. And give people your full attention. Look them in the eye. Put down your phone and close your laptop.

Leaders who make time for uninterrupted face-to-face conversation find that it’s one of their best management tools.

Adapted from “Listening Is an Overlooked Leadership Tool,” by Melissa Daimler

Starbucks data driven mobile approach

starbucks

Starbucks have adopted a data driven mobile first approach to making the customer journey simpler and easier in its coffee shops world-wide. 

Innovating and transforming the Customer experience by leveraging data-driven analytics and technology is critical for success in a 21st Century convenient foodservice retailer. 21% of Starbucks transactions are now completed via mobile … in store at the till using Apple Pay via app or using Starbucks Mobile Order and Pay . What’s more is Starbucks processes more than 6million Mobile Order and Pay transactions a month globally.

Mobile Order & Pay is available on iOS and Android . It’s a relatively new feature of the popular Starbucks mobile app that allows customers to place and pay for an order in advance of their visits and pick it up at a participating Starbucks location. Following successful launches in select US cities , mobile ordering is emerging as the fastest and easiest way for Starbucks customers to order ahead , then pay and pick up their purchases, providing on-the-go customers a simple and quick alternative to get their favourite coffee. Massive in USA and beginning to be trialled in UK,There’s a trial store on Tottenham Court Road.

The Mobile Order and Pay feature allows customers to choose a store from a (Google) map view , browse , select and customise drinks, view the estimated time the order will be ready and pre-pay the order. All within the Starbucks app, and integrated into the existing Starbucks app, and my-Starbucks Rewards loyalty programme. A simple easy way to sign up and earn Stars

Starbucks are leading the way as Tech leaders in convenience foodservice, using data and technology in a way that McDonald’s , Burger King and Dunkin’ Donuts will need to respond to rapidly if they want to respond to customer needs.

 

 

Maintain Your Entrepreneurial Passion by Being Flexible

steve jobs stanford

Leadership Tip of the week

adapted from HBR

Most of us think of entrepreneurs as passionate professionals who have a “fire in their belly.”

But it’s hard to maintain that level of dedication no matter how passionate you are, and research has shown that entrepreneurs’ enthusiasm for their projects can fade over time.

One way to prevent this is to avoid sticking to a plan. Strictly adhering to your business plan is a recipe for disengagement.

You need to be flexible and agile as you learn more about your product, your customers, and the market. This isn’t just good for your business; it keeps you excited about your project as you continue to evolve it. By changing and refining your ideas, you can make significant progress and build your confidence.

Rather than feeling misunderstood by the outside world, you will gain a sense of control over events as they unfold, which will counter any decrease in passion over time.

Adapted from “How Entrepreneurs Can Keep Their Passion from Fading,” by Veroniek Collewaert and Frederik Anseel

Which Skill Do You Want to Develop Next?

people4Leadership Tip of the week

adapted from HBR

Success requires continual growth and learning. But how do you know which development efforts will yield the best return? Here’s three tips:

  1. Look for the overlap between what your organization needs and what will give you the most satisfaction. If you’re in operations, you might identify several business-critical areas for improvement — say, learning to better manage large custom client projects in order to significantly reduce cycle and delivery times.
  2. Think about whether you can excel at the capabilities you want to develop. If you’re already very organized, that bodes well for being able to learn complex project management.
  3. Honestly assess how interested you are in the capabilities. The key is to focus on skills that will propel your organization forward, play to your strengths, and keep you passionate about learning.

Adapted from “How to Decide What Skill to Work On Next,” by Erika Andersen

Make sure you learn from Mistakes

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Leadership Tip of the week

adapted from HBR

Continuing to grow and innovate means taking risks, which naturally involves making mistakes.

But mistakes don’t mean a leader should discourage experimentation. Rather, leaders should encourage people to take time to understand why mistakes happened in order to minimise them in the future.

  • Trace previous mistakes back to their roots to identify the causes and what can be done differently next time.
  • Use role-playing exercises, debates, or even formal business war games to think through how a new strategy might play out differently.
  • Try to look at things from a competitor’s point of view to factor in a new perspective.

Mistakes are inevitable and can be costly, so don’t waste them — learn from them.

Adapted from “Don’t Let Your Mistakes Go to Waste,” by Mark Chussil

How to give good feedback

Yes, You Can Provide Feedback in a “Nice” Organization

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Building candour and feedback into any culture is challenging, but it can be particularly difficult in “nice” organisations, where behaviour is expected to be poised, respectful, and professional at all times.

In general these are positive qualities, but learning a new skill (like giving feedback) is inherently messy.

We learn by trying, getting it wrong, understanding our errors, and then trying again.

Start with yourself: Show your team that you are making a serious effort to improve, and actively request feedback from your peers. Really listen to what you hear. And make sure to identify when feedback would not be helpful.

Remember the acronym HALT—don’t give feedback if you are Hungry, Angry, Lonely, or Tired. Since candour and feedback involve other people, you’ll likely encounter misunderstandings, hurt feelings, or other conflict. Don’t expect feedback to always feel natural or easy.

A little discomfort and a few mistakes means you’re on the right path.

Adapted from “How to Give Negative Feedback When Your Organization Is ‘Nice,’” by Jennifer Porter

Get the crowd to Weigh in on Strategic Decisions

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Leadership Tip of the Week

adapted from HBR

In most organizations authority for the most important strategic decisions is left to the highest-paid person’s opinion (HiPPO).

But relying on the judgement of one person or a few individuals is bound to lead to trouble. HiPPOs often are wrong, due to inherent biases, misinformation, and other types of noise that can cloud one person’s opinion.

To cancel out much of that noise, companies should integrate crowd voting into their decision-making strategies. Crowd voting integrates the expertise, knowledge, and perspectives of many people. These opinions can help shape a more well-rounded frame of reference, and can vastly improve the chances that a strategic decision will lead to success.

Crowd voting doesn’t render HiPPOs obsolete; rather, it encourages HiPPOs to work with the crowd in order to develop more-successful strategies.

Adapted from “The Antidote to HiPPOs: Crowd Voting,” by Karim R. Lakhani

Walk away from work this summer….

 

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It’s here. Well, it might not be here meteorogically, but it’s here according to the calendar. Summer. That elusive season that promises so much and insists every family has a Plan A, B and C for all activities and events over the coming months.

July and August affect every business in some way whether it’s reduced or increased footfall, staffing issues or supply of services and products. Are you ready? But other than the obvious preparation that you will have included in your strategy planning, how will this summer affect you personally?

Whether you’re a business owner, a manager or a key person in a business, how do you survive summer? Will your own summer holiday be an endless juggle of family commitments and emails; full of those knife edge decisions of knowing just when to peel your eyes away from your phone and answer the 56th cry of ‘look at my dive Daddy’ with genuine interest?

Are you able to switch off completely or is your mind constantly buzzing with ‘what if’, ‘I’d better check’, ‘has that proposal gone’, ‘the project deadline is today’?

Long ago, I read about the value of working ‘on’ your business and not just ‘in’ your business.

A successful business will manage competently without you for a period of time. If you have a team of reliable and professional colleagues around you they will not let you down. If your team are rewarded fairly and empowered to make decisions, they will appreciate the trust and responsibility you give them and rise to the occasion. If your business cannot survive without you, you should be concerned. Delegation is a skill. And if your business only comprises of you, the same principle applies. You must take time out and can do so by outsourcing your communications and properly managing your schedule. Delegate, communicate and recuperate!

So, assuming you’ll be taking a break this summer, what are the major benefits of being able to walk away?

  • Firstly, and most importantly, YOU.

You need time out. There is nothing like a change of scenery or routine to enable you to look at things from a different angle. Perspective is everything. Step away, take time out, reflect and review. These are some of the most valuable activities in your whole business year.

  • Your FAMILY needs you.

Whether it’s children, partners or parents, being able to truly dedicate time to your family is critical. In our world of digital overload, instant access to people and information saturates our every waking moment. Leave your phone at home and allow your communication with your family to be genuine and uninterrupted.

  • Your Health.

Some business owners or managers are very successful in dividing their time up so they can include ‘space’ for themselves in every day. Many successful entrepreneurs are also successful athletes or impassioned by fitness goals. This is no coincidence. Being able to drive yourself towards physical goals is paralleled in driving business goals. Those of us who take time out to exercise are forcing change physically; creating a physical release of stress and tension and focussing the mind on an immediate and tangible result. The body reacts by becoming more alert and capable of withstanding physical demands. The mind has a break enabling you to re-examine your other roles with clarity and a fresh perspective. Your stress levels, your attitudes and your overall health will be hugely improved after a holiday.

  • Your Business.

You may be pleasantly surprised to discover your business thrives without you! Or you may discover ‘holes’ or issues that need addressing, thereby improving business efficiency overall. With the right team with you, the business should cruise through any absence of the manager or owner with little or no disruption. This makes for a strong and robust business.

What’s one of the most important factors in the future success of your organisation. You. Not necessarily your presence, but you. Take time out, walk away and recover. Then set about making the last half of 2016 even better than the first.

 

Cyber Security: be paranoid not afraid

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What you need to know about Cyber security. 

I recently attended a workshop with several Chief Data Officers and led by Dr Phil Jones MD and Head of Cyber Security for Airbus Defence and Space, and it focused minds on the challenges around CYBER SECURITY. 

Lots has been written about Cyber Security. The new Cyber World of Big Data and connected or networked devices is GOOD. The digitally connected world is an opportunity for the 21st Century, with data stored, processed , discovered and used to make the world better and easier. The CHALLENGE around Security is the Risk and Danger if not properly looked after. 

Cyber Security should be on the mind of all CEOs but in essence is part of any retailers loss prevention team. We wouldn’t leave a shop without a front window, or leave the doors open or unlocked during the night when no one is there. So we should just orientate ourselves to thinking about Cyber Security in the same way we look at Loss Prevention. 

There are 3 categories of Cyber Attacks and Cyber Security

  1. Hacktivists
  2. Cyber Criminals
  3. Nation State Asymetric Warfare.

Cyber Attack costs money : the costs of cyber attack are in the P&L: operational, financial and intangible assets on the balance sheet: brand image / trust. 

Organisations need to have strategies against all three types of attack: . 

  1. Most Hackers attack organisations where there is a large amount of Kudos to be gained from exposing them ( eg Ashley Madison  ) and/ or its relatively easy compared to other sites.The best defence against Hacking attack is to have an organisation that hackers love and trust  ( relatively ) and wouldn’t want to expose, and make it difficult enough to stop them trying ( because there are easier places to hack for the same kudos) 
  2. Cyber Criminals: Go where it’s easiest to attack. don’t leave the front door open, or make it easy to get it. There are some simple things organsisations can do to BE CYBERSTREETWISE. GCHQ and the government have laid out advice on cyberessentials and cyber essentials plus that will significantly reduce threat.
  3. Nation State Attack: if the Chinese Or Russian or any other Government wants to attack your organisation there is probably not that much individual organisations can do in this DAVID vs Goliath battle. But don’t make it too easy for them. If your organisation is of Strategic importance to UK Government then get GCHQ to advise. (Tip: if you’re not sure or don’t know , you probably aren’t )

Cyber Security may appear to be highly technical but the same principles can be applied it as you do to Physical Security

A Safe Way to Cut People Off in Meetings

jellyfish Leadership Tip of Week

adapted from HBR

When meeting participants veer off topic, critical agenda items suffer. But even when leaders or peers intervene, it’s often too late, and the typical approach (“This is really interesting, but can I suggest we get back to the topic at hand?”) leaves everyone feeling awkward.

Thankfully, there is a simple solution to this predicament: the word “jellyfish.” Jellyfish are, of course, those funny-looking creatures that have drifted along on ocean currents for millions of years.

Use the word to prevent drifting in meetings by introducing the jellyfish rule: If any attendee feels the conversation is heading off course or delving into an inappropriate level of detail, they simply say “jellyfish” or “I think we’re having a jellyfish moment.”

It’s a safe, effective, accessible catchall for “Why don’t you take this offline — the rest of us would like our meeting back.”

Adapted from “The Right Way to Cut People Off in Meetings,” by Bob Frisch and Cary Greene