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	<title>The 90% Rule Network &#187; business</title>
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	<link>http://90percentrule.com</link>
	<description>A portal for entrepreneurial thinking.</description>
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		<title>My Own Personal Cult Brand</title>
		<link>http://90percentrule.com/2010/07/my-own-personal-cult-brand/</link>
		<comments>http://90percentrule.com/2010/07/my-own-personal-cult-brand/#comments</comments>
		<pubDate>Tue, 27 Jul 2010 12:57:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurial Thinking]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Planning]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[customers]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[technology]]></category>

		<guid isPermaLink="false">http://90percentrule.com/?p=385</guid>
		<description><![CDATA[I recently received an e-mail from my long-time car dealership (www.buddssaab.ca) announcing the exciting  new (old) direction for Saab, &#8220;Spyker Chief, Victor Muller, says he can spark a  similar renaissance in a Swedish brand once renowned for its innovative design  and technology. &#8216;We&#8217;re going to be completely different to how GM dealt [...]]]></description>
			<content:encoded><![CDATA[<p>I recently received an e-mail from my long-time car dealership (<a href="http://www.buddssaab.ca">www.buddssaab.ca</a>) announcing the exciting  new (old) direction for Saab, &#8220;Spyker Chief, Victor Muller, says he can spark a  similar renaissance in a Swedish brand once renowned for its innovative design  and technology. &#8216;We&#8217;re going to be completely different to how GM dealt with  Saab,&#8217; he says. &#8216;It used to be a cult brand and it can be again. We don&#8217;t need  to go out and find new customers &#8211; we just need to win back the ones we&#8217;ve  lost,&#8217; he says. &#8216;Saab customers were the most loyal and educated in the  industry&#8217;. The fact that they left, means they must have been disappointed.&#8221;</p>
<p><span id="more-385"></span></p>
<p>Two things struck me in reading the announcement that I thought that we could  all do with reminding of:</p>
<table>
<tbody>
<tr>
<td width="71">&nbsp;</td>
<td valign="top">1. &nbsp;&nbsp;&nbsp;</td>
<td>Don’t alienate your core customer! Know them, love them, service them to death. They are your single greatest source of repeat and referral business. </td>
</tr>
<tr>
<td width="71">&nbsp;</td>
<td valign="top">2. &nbsp;&nbsp;&nbsp;</td>
<td>Know who you are as a company and avoid all temptation to stray from it. Truly, you don’t have to be the biggest company in the world to be great. If you doubt it, pick up a copy of the book Small Giants: Companies That Choose to Be Great Instead of Big by Bo Burlingham. Entrepreneur or corporate titan, it will change your outlook forever. </td>
</tr>
</tbody>
</table>
<p><br/>My own personal cult brand? Yes, I am one of those Saab fanatics to whom  Mr. Muller refers.  Time to win “me” back.  The lesson to all of us,  don’t lose &#8220;me&#8221; in the first place: I am your bread and butter customer.</p>
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		<title>Brand Architecture®: Every Breath You Take*</title>
		<link>http://90percentrule.com/2010/07/brand-architecture%c2%ae-every-breath-you-take/</link>
		<comments>http://90percentrule.com/2010/07/brand-architecture%c2%ae-every-breath-you-take/#comments</comments>
		<pubDate>Tue, 20 Jul 2010 13:34:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurial Thinking]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[brand]]></category>
		<category><![CDATA[competition]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[entrepreneurship]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Ken Tencer]]></category>
		<category><![CDATA[Strategy]]></category>

		<guid isPermaLink="false">http://90percentrule.com/?p=369</guid>
		<description><![CDATA[Great buildings, the ones that leave a lasting impression while serving a functional purpose, begin with a solid blueprint, based on information assembled by the architectural team. In the marketing world we often hear the term “Brand Architecture” (registered Trademark of Plunkett Communications Inc.) and it’s an accurate term when it is properly understood. The [...]]]></description>
			<content:encoded><![CDATA[<p>Great buildings, the ones that leave a lasting impression while serving a functional purpose, begin with a solid blueprint, based on information assembled by the architectural team. In the marketing world we often hear the term “Brand Architecture” (registered Trademark of Plunkett Communications Inc.) and it’s an accurate term when it is properly understood. The dictionary defines an architect as somebody whose job it is to design buildings. That’s a little bland for my liking—sort of like calling the Beatles “a band.” </p>
<p><span id="more-369"></span><br />
I would say that brilliant architecture transforms the landscape in unique and creative ways, ways that touch us emotionally and intellectually. So too does effective brand architecture, bring together vision, knowledge, experience, needs, benefits and voice that together provide the structure, inspiration and personality that determines a lasting brand. Every successful brand (product, service or cause) is built on solid and well-defined brand architecture.</p>
<p>Brand Architecture is designed on the premise that every touch point of a brand is interconnected and needs continuous management. A brand is a living, breathing entity. I often say that every brand architect should have as a theme song the platinum hit by the Police, Every Breath You Take* (“ … every move you make, I’ll be watching you”). Because its every move is “watched” and under scrutiny in the marketplace. It must offer authenticity in representation and consistency in delivery. That means never underestimate the importance of every touch point in brand creation, delivery and communications. How your brand looks and performs (“every breath it takes”) should be an orchestrated part of your daily thinking — leaving the one hit wonders to the competition.</p>
<p>*<em>Every Breath You Take</em> from 1983 album <em>Synchronicity</em> by The Police</p>
<p>-Ken Tencer</p>
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		<title>Linking Marketing and Sales Can Be as Easy as Dialing the Phone</title>
		<link>http://90percentrule.com/2010/07/linking-marketing-and-sales-can-be-as-easy-as-dialing-the-phone/</link>
		<comments>http://90percentrule.com/2010/07/linking-marketing-and-sales-can-be-as-easy-as-dialing-the-phone/#comments</comments>
		<pubDate>Mon, 05 Jul 2010 13:32:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurial Thinking]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Planning]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[The 90% Rule]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[Adrian Davis]]></category>
		<category><![CDATA[book]]></category>
		<category><![CDATA[Ken Tencer]]></category>
		<category><![CDATA[phone]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[telephone]]></category>
		<category><![CDATA[The 90 percent rule]]></category>
		<category><![CDATA[Whetstone Inc]]></category>

		<guid isPermaLink="false">http://90percentrule.com/?p=353</guid>
		<description><![CDATA[“At some point somebody has to sell something”&#8230; Let’s make it sooner! This opening line of Chapter 6 of The 90% Rule resonates that much louder during challenging times.
This point is made in the first part of the book because, all too often, successful companies become order takers. They have been wooed by the good [...]]]></description>
			<content:encoded><![CDATA[<p>“At some point somebody has to sell something”&#8230; Let’s make it sooner! This opening line of Chapter 6 of <a href="http://90percentrule.com/the-90-rule-book/">The 90% Rule</a> resonates that much louder during challenging times.</p>
<p>This point is made in the first part of the book because, all too often, successful companies become order takers. They have been wooed by the good times in which the phone would ring and now they sit and stare at it aimlessly, forgetting that, yes, it can dial out, too.</p>
<p><span id="more-353"></span>One of our colleagues and contributors, sales scientist Adrian Davis, President and CEO, <a href="http://whetstoneinc.ca/" target="_blank">Whetstone Inc</a> explains, “marketing must now tie the end of their funnel directly to the beginning of the sales funnel”.</p>
<p>The success of innovation depends on telling people about what it is that you have innovated. Yes, there are some very strong traditional and marketing tools that can help raise awareness of your company or brand, and increase the number of people phoning in to you.  But, don’t be complacent.  Ensure that your lead generation process systematically ties together your innovation and marketing to a strong, proactive sales program.</p>
<p>I know, it can be tough.  I am definitely not a born salesperson so I have made myself into a disciplined one – actively attending events, making well researched introductory calls and generally making sure that everyone in the company opens their eyes to opportunities and feeds them back to me to follow up on.</p>
<p>Remember, your phone is still your company’s best friend &#8230; but nobody can dial it for you.</p>
<p>-Ken Tencer
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		<title>Does Brainstorming Really Kill Big Ideas?</title>
		<link>http://90percentrule.com/2010/06/does-brainstorming-really-kill-big-ideas/</link>
		<comments>http://90percentrule.com/2010/06/does-brainstorming-really-kill-big-ideas/#comments</comments>
		<pubDate>Thu, 24 Jun 2010 19:35:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurial Thinking]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[brainstorming]]></category>
		<category><![CDATA[Canadian Business]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[ideas]]></category>
		<category><![CDATA[Plunkett]]></category>
		<category><![CDATA[Tencer]]></category>

		<guid isPermaLink="false">http://90percentrule.com/?p=323</guid>
		<description><![CDATA[I was particularly disturbed and confused by the front cover of the July 19th edition of Canadian Business that boldly proclaims, “How brainstorming kills good ideas”.
Disturbed and confused at least until I got to what I will call the moment of truth (on page 91), “&#8230;people in groups examined a more limited range of suggestions. [...]]]></description>
			<content:encoded><![CDATA[<p>I was particularly disturbed and confused by the front cover of the July 19th edition of Canadian Business that boldly proclaims, “How brainstorming kills good ideas”.</p>
<p>Disturbed and confused at least until I got to what I will call the moment of truth (on page 91), “&#8230;people in groups examined a more limited range of suggestions. The reason, according to Kohn, is fixation.  That is, as soon as one member of the group offers an idea, the others get stuck on it and conform their own thinking to the suggestion.  Creativity, in effect, is stifled. In many cases, we may not even be aware that fixation is occurring”.</p>
<p><span id="more-323"></span></p>
<p>So here’s the thing &#8230; brainstorming, ideation, creative thinking (call it what you will) is something that needs to be lead by an outsider who is an expert at leading discussion through a thoughtful, proven process.  Throwing the same group of people into the same room to discuss the same issues lead by the same boss with the same bias (that you probably hear expounded daily), not a good idea.</p>
<p>For years now, Spyder, in concert with uber researcher and facilitator Marion Plunkett (www.plunkettinc.com), has been running innovation and ideation roundtables and workshops that result in dozens of good, implementable ideas from the small, thought-provoking variety to the breakthrough, wow! type.</p>
<p>My headline and hypothesis? Brainstorming: Don’t Go It Alone.</p>
<p>-Ken Tencer
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		<title>Innovation: Translating an idea into a sale</title>
		<link>http://90percentrule.com/2010/05/innovation-translating-an-idea-into-a-sale/</link>
		<comments>http://90percentrule.com/2010/05/innovation-translating-an-idea-into-a-sale/#comments</comments>
		<pubDate>Mon, 31 May 2010 13:34:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurial Thinking]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[entrepreneurship]]></category>
		<category><![CDATA[ideas]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[success]]></category>

		<guid isPermaLink="false">http://90percentrule.com/?p=307</guid>
		<description><![CDATA[There are many definitions of innovation but, as always, business is ultimately about making sales.  So, let’s get to the point.  To be successful on a continuous basis, you need new ideas; one’s that can be commercialized.  What does that mean?  Your idea is relevant to your current or next-great customer group, and that you [...]]]></description>
			<content:encoded><![CDATA[<p>There are many definitions of innovation but, as always, business is ultimately about making sales.  So, let’s get to the point.  To be successful on a continuous basis, you need new ideas; one’s that can be commercialized.  What does that mean?  Your idea is relevant to your current or next-great customer group, and that you have the means to bring it to market in a timely and profitable manner.</p>
<p>Where do the ideas come from? <span id="more-307"></span>They certainly do not come from staring at the same four walls. They happen when you look through the window at the changing landscape beyond because inspiration comes from everywhere.</p>
<p>We suggest looking at innovation on three levels when you meet with your R&amp;D, marketing, sales, engineering and finance teams to inspire holistic (not industry or company-specific) conversations.</p>
<p>- social innovation (movies, events, books, ads, programs)</p>
<p>- industrial innovation (seen, heard or experienced in other industries)</p>
<p>- category or brand innovation (relevant to your brands or business categories)</p>
<p>So, the next time that somebody asks if you have seen a great new movie or tried a super new product, don’t just answer yes or no. Remember to ask what they liked about it and why.</p>
<p>The great ideas are already out there, right in front of you.  You just have to remember to ask and act, and the sales will come.</p>
<p>- Ken Tencer
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		<title>Olympic Athletes Do Not Achieve Greatness Without a Coach</title>
		<link>http://90percentrule.com/2010/04/olympic-athletes-do-not-achieve-greatness-without-a-coach/</link>
		<comments>http://90percentrule.com/2010/04/olympic-athletes-do-not-achieve-greatness-without-a-coach/#comments</comments>
		<pubDate>Mon, 26 Apr 2010 15:38:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurial Thinking]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[advisor]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[entrepreneurship]]></category>
		<category><![CDATA[leaders]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[owner]]></category>
		<category><![CDATA[Profit]]></category>
		<category><![CDATA[Rick Spence]]></category>

		<guid isPermaLink="false">http://90percentrule.com/?p=292</guid>
		<description><![CDATA[At a recent keynote address, I found myself asking attendees if they noticed the one thing that all of the athletes at the winter Olympics had in common, “ A coach.&#8221;
It is amazing how many growing companies do not have a support system (formal or informal) in place to support the founders, owners and C-suite. [...]]]></description>
			<content:encoded><![CDATA[<p>At a recent keynote address, I found myself asking attendees if they noticed the one thing that all of the athletes at the winter Olympics had in common, “ A coach.&#8221;</p>
<p>It is amazing how many growing companies do not have a support system (formal or informal) in place to support the founders, owners and C-suite. Why is it that we expect ourselves to have all of the answers when world leaders in performance (athletes and businesspeople) regularly have advisors to turn to in the form of individual coaches or formalized boards of advisors or directors.<br />
<span id="more-292"></span></p>
<p><em>As Rick Spence asked in his Profit Magazine article,  Wanted: Good advisors, Why don&#8217;t more entrepreneurs use advisory boards? What does an entrepreneur do when she runs out of ideas? Or when he realizes he needs to be more systematic about gaining new business contacts, more professional about setting strategy or more proactive about seeking out management mentors? One solution is to form a board of advisors—a group of experienced businesspeople with complementary strengths and skills who meet occasionally to discuss the progress of your business and suggest ways you can pull up your socks.</em></p>
<p>Maybe I was just tired of listening to my own advice but I know that my inclusion of a group of trusted advisors has pushed, prodded, prompted, focused &#8230; moved my business in different directions and to new heights.</p>
<p>Remember, business is a team sport.</p>
<p>-Ken Tencer
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		<title>Top CEOs Found to be Laggards in Social Media</title>
		<link>http://90percentrule.com/2010/04/top-ceos-found-to-be-laggards-in-social-media/</link>
		<comments>http://90percentrule.com/2010/04/top-ceos-found-to-be-laggards-in-social-media/#comments</comments>
		<pubDate>Wed, 14 Apr 2010 13:52:29 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Social Media]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[brand loyalty]]></category>
		<category><![CDATA[CEOs]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[Fortune 100]]></category>

		<guid isPermaLink="false">http://90percentrule.com/?p=264</guid>
		<description><![CDATA[I recently came across an interesting study conducted by ÜberCeo on the Fortune 100 CEOs and their involvement in social media (http://www.slideshare.net/shazza/fortune-100-ceos-and-social-media). 
The study found that these CEOs are laggards in social media. For the most part they were all unconnected and uninvolved. Out of the top 100 CEOs studied only two had Twitter accounts [...]]]></description>
			<content:encoded><![CDATA[<p>I recently came across an interesting study conducted by ÜberCeo on the Fortune 100 CEOs and their involvement in social media (<a href="http://www.slideshare.net/shazza/fortune-100-ceos-and-social-media">http://www.slideshare.net/shazza/fortune-100-ceos-and-social-media</a>). </p>
<p>The study found that these CEOs are laggards in social media. For the most part they were all unconnected and uninvolved. Out of the top 100 CEOs studied only two had Twitter accounts and only one had a blog. Only 13 of the top 100 CEOs studied had LinkedIn accounts, and none in the top 20 had accounts.<br />
<span id="more-264"></span></p>
<p>Wikipedia had the highest level of engagement compared to any other social media tool among Fortune 100 CEOs. Three quarters of the CEOs studied had some sort of Wikipedia entry. However, of the 76% that had Wikipedia entries nearly 30% had incomplete or out of date information.</p>
<p>CEOs are not using social media and new technology as an extension of traditional communications outlets as they should. These top executives could be using social media as a way to communicate new information and build further brand loyalty. Often, CEO’s are not as connected as their employees and customers and thus are missing out on opportunities to positively influence the company’s perception, awareness and brand experience by taking part in social media activities. </p>
<p>Social media Web sites offer great opportunities for companies and senior level executives to connect with partners and customers in real time. Facebook alone boasts 350 million registered users in over 180 countries around the world, Twitter has over 75 million users and LinkedIn has about 60 million registered users. Social media continues to grow worldwide with unprecedented increases in the past year. Users talk about anything and everything, including corporations and their brands. Most social media Web sites offer opportunities for businesses to promote their products and services, and communicate with the masses.</p>
<p> Another survey conducted by eMarketer.com surveyed 438 management, marketing and human resources executives and found that 81% saw social media as being useful for both brand building and enhancing customer or client relationships. </p>
<p>Understandably, CEOs may not have the time to actively engage in all the social media outlets that are available to them, but these activities could be delegated to an employee.  Some Web 2.0 and social media conscious companies have hired Social media Marketing Managers in recent years. These individuals’ sole responsibility is to position the brand and image of the company and of senior level executives online. This practice could and should become more mainstream.</p>
<p>Social media is a free and powerful medium that offers an opportunity to connect with the world. Top level CEOs should begin to embrace this medium on a more intimate level to maximize their communications and marketing objectives.</p>
<p>-Ken Tencer
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		<title>Growth, Innovation and Focus</title>
		<link>http://90percentrule.com/2010/04/growth-innovation-and-focus/</link>
		<comments>http://90percentrule.com/2010/04/growth-innovation-and-focus/#comments</comments>
		<pubDate>Tue, 06 Apr 2010 18:45:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurial Thinking]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Planning]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[The 90% Rule]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[90% Rule]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[growth]]></category>

		<guid isPermaLink="false">http://90percentrule.com/?p=256</guid>
		<description><![CDATA[The conflict between time and time to think always brings us to the eternal balancing act in business &#8230; balancing the short and long-term needs of the organization.
At Spyder Works, whether it’s working one-to-one to solve a client’s immediate problem or making enough time to write a book, the process we use is geared to [...]]]></description>
			<content:encoded><![CDATA[<p>The conflict between time and <em>time to think</em> always brings us to the eternal balancing act in business &#8230; balancing the short and long-term needs of the organization.</p>
<p>At Spyder Works, whether it’s working one-to-one to solve a client’s immediate problem or making enough time to write a book, the process we use is geared to achieving a balance that meets the immediate demands of running the day-to-day business and the need to work towards our longer-term plans.</p>
<p><span id="more-256"></span>Each business day I start by asking myself three questions:<br />
•  What am I going to sell today?<br />
•  What one thing can I do today to make my business better?<br />
•  How will the answers to these previous questions mesh with the long-term vision of the company?</p>
<p>The answers to these questions keep me constantly thinking about <strong>growth, innovation</strong> and long-term <strong>focus</strong>. Making them a part of your daily routine will help you to replace short and long-term with continuous and sustained.</p>
<p>- Ken Tencer
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		<title>Untapped leverage</title>
		<link>http://90percentrule.com/2010/03/untapped-leverage/</link>
		<comments>http://90percentrule.com/2010/03/untapped-leverage/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 13:31:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurial Thinking]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[Leverage]]></category>
		<category><![CDATA[Marketing]]></category>

		<guid isPermaLink="false">http://90percentrule.com/?p=204</guid>
		<description><![CDATA[Leverage gets the most out of your current strengths, which is where the critical focus must be. Focus on what’s right, not what’s wrong. Dealing from strength. It’s about rethinking and re-understanding the business you are in and the capital investments you have already made (e.g., intellectual capital), as well as the ways in which [...]]]></description>
			<content:encoded><![CDATA[<p>Leverage gets the most out of your current strengths, which is where the critical focus must be. Focus on what’s right, not what’s wrong. Dealing from strength. It’s about rethinking and re-understanding the business you are in and the capital investments you have already made (e.g., intellectual capital), as well as the ways in which your business serves its customers and potential customers (e.g., customer capital). </p>
<p><span id="more-204"></span></p>
<p>I was recently at a BEDC business luncheon <a href="http://bedc.ca">(www.bedc.ca)</a> and the keynote speaker was talking about how they had rethought their business, both internally and with the input of their customers. Through the process, they began to understand that they were not specifically in the hearing aid business but, what I will call, the hearing device technology business. They were leaders at assisting people to hear things more clearly while blocking out external noise. This revelation enabled them to leverage their existing expertise by applying their hearing device technology to emerging markets like blue tooth ear pieces for cell phones and military applications. </p>
<p>This type of thinking exhibits leverage: getting more out of what you already have.</p>
<p>- Ken Tencer
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		<title>What resources are you going to need to get this done?</title>
		<link>http://90percentrule.com/2010/03/what-resources-are-you-going-to-need-to-get-this-done/</link>
		<comments>http://90percentrule.com/2010/03/what-resources-are-you-going-to-need-to-get-this-done/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 14:38:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurial Thinking]]></category>
		<category><![CDATA[Planning]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[toyota]]></category>

		<guid isPermaLink="false">http://spyderworksdesign.com/blog/?p=176</guid>
		<description><![CDATA[Toyota has lost millions of dollars as a result of two massive recalls of its vehicles in recent months. The first recall was a result of the possibility of floor mats jamming accelerator pedals. The other case involves possibly sticky gas pedals that prevent a car from slowing down the way it should. As a [...]]]></description>
			<content:encoded><![CDATA[<p>Toyota has lost millions of dollars as a result of two massive recalls of its vehicles in recent months. The first recall was a result of the possibility of floor mats jamming accelerator pedals. The other case involves possibly sticky gas pedals that prevent a car from slowing down the way it should. As a result, Toyota is facing a hard time not only for having faulty vehicles that are unsafe but also for not handling the situation appropriately.</p>
<p><span id="more-176"></span><br />
“President Akio Toyoda said he was “deeply sorry” for accidents caused by safety problems with Toyota vehicles&#8230;and that a period of explosive growth may have weakened the automaker’s internal controls.” He also said that “We pursued growth over the speed at which we were able to develop our people and our organization, and we should sincerely be mindful of that (Krolicki, 2010, Globe and Mail)”.</p>
<p>This is a classic example of an organization  not having a full compliment of people in the process of assessing, contributing and allocating internal resources to new opportunities. The company did not have enough human capital and management capabilities to handle the rapid expansion. They didn’t have the people in place to achieve their objectives and handle the speed of the growth. This in turn led them to move away from their costumer-centric focus that made Toyota such an  innovative and renowned brand.</p>
<p><strong>The one question that we remind our clients to ask during the strategic process is: What resources are you going to need to get this done?</strong> It ensures that they take the time to think through the implementation in cross-disciplinary team &#8230; carefully identifying the resources that will be needed to successfully execute on the opportunities that they wish to pursue. And, most importantly, to do so at a pace that they can manage and control.</p>
<p>Ken Tencer</p>
<p>* Krolocki, K., ‘Toyoda ‘deeply sorry’ for accidents’, <em>The Globe and Mail, </em>February 23, 2010.
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