Do Business Well

Christmas is the pinnacle of all holiday decorating, but thanks to Martha Stewart and other home-decorating mavens’ tutoring, Americans have expanded the number of holidays for which they go “all out” and decorate their homes. Over 60 percent of American households (61 percent) purchased Christmas decorations or other seasonal decorations in 2003, up from 55 percent purchase incidence in 2001. While no statistics are available about the exact number of homes that decorate for each major holiday, the holidays that are key for home decorating are Valentine’s Day, Easter, Fourth of July, Halloween, Thanksgiving, and, of course, Christmas. This is the third most widely purchased home product category. Continue Reading »

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Purchase incidence of furniture was the same in 2005 (41 percent) as in 2006. The purchase of furniture can range from inexpensive occasional tables and ready-to-assemble and unfinished furniture to major furniture acquisitions that are often bought on credit and paid for over time.

Furniture Industry Snapshot

Personal consumption of furniture, including mattresses and box springs, reached $69.8 billion in 2002, up 3.2 percent over 2000 levels of $67.6 billion. Continue Reading »

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No manager can make an employee productive. Managers are catalysts. They can speed up the reaction between the talent of the employee and the needs of the customer/company. They can help the employee find his path of least resistance toward his goals. They can help the employee plan his career. But they cannot do any of these without a major effort from the employee. In the world according to great managers, the employee is the star. The manager is the agent. And, as in the world of performing arts, the agent expects a great deal from his stars. Continue Reading »

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Demographics tells who we are. Psychographics tells how we think and what we believe. The latter may be more difficult to predict than the former, but analyzing and understanding these human characteristics is necessary on several levels of marketing.

Northwestern Mutual Life Insurance Company hired the research firm of Louis Harris & Associates to conduct a study of college freshmen who would be the first graduating class of the new millennium. Here are a few indicative results of that survey: Continue Reading »

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Here’s what to keep in mind when preparing the visual part of your presentation:

1. Everyone in the group should be able to see and read the visuals easily. Think about the size of the group. The number of people will determine the technology you should use.
2. You want to be able to keep a tight focus on what is presented when. You don’t want to display too much information at any one time. Keep to three or four main ideas on each sheet. You don’t want your audience to get confused or overloaded.

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What is yet to be determined is how well the holding companies will grapple with the challenge of integration of their services. Over the years, they have bought up a wide variety of companies in different aspects of the marketing business, but there has not been a great deal of coordination among the various disciplines. Continue Reading »

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The Road Ahead Is Curvy and Treacherous, and Good Road Maps Are in Short Supply

Advertising Agencies

Because of the extensive consolidation that has taken place in the last decade, further consolidation will take place at a slower rate in the immediate future. Part of this is a reaction to the government’s closer scrutiny of the mergers because of the Enron debacle. A pause in consolidation at this point is also good because it will give the acquirers an opportunity to digest the new properties and position them efficiently within the corporate umbrella. Continue Reading »

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Demand high standards from your service representatives

Make people smarter! The abilities of real people delivering service to the e-customer services person will need to increase so they can add value to what the system already provides. If service representatives are left innumerate and illiterate, unable to organize, disaffected and reluctant, they will probably not add anything positive to the service experience. The bar is raised for those able to justify their involvement in the process. It has already started to happen.

Is there a future where we will go to one man to buy everything? A man who is wired into the complete network and is fantastically adept at manipulating the available tools to get us what we need. He may be able to serve and support thousands of e-customers because each needs personal involvement so seldom. Continue Reading »

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The human touch is going to come back into fashion. It will (yet again) become the differentiating factor between services. Computers can deliver lousy service pretty much on their own. The very best of humankind needs to be coaxed and coached out into the open. People need to be showcased and supported.

On the way to the virtual world some businesses have a lapse of memory — it’s a kind of ‘Honey, I forgot the people‘ approach. Others adopt an Animal Farm like ‘machine is good, people are bad’ approach. If they adopt the attitude of pigs they should expect to end up as bacon.

Every business should understand that at heart the internet is not a machine, it’s the interaction of millions of people. In the end someone still says ‘I have something for you to buy’ and someone still replies ‘I would like to buy it’. The technology simply represents one set of people trying to sell to another group of people. Continue Reading »

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It’s almost Meeting Failure-Proof

Keep in mind that most meetings aren’t very effective as they are now run. When you get a chance to facilitate or record, it will be because your group has agreed that it is worth trying something new. You are probably going to look good no matter what you do. The mere presence of a facilitator, recorder, and group memory will do wonders. Even if you think you have done a lousy job, your group may well be impressed just because it will all be so new. Explain that you are learning and will make mistakes. Ask people to help you stay in your role and remain neutral. You are there to help them. It’s their meeting and they share the responsibility for making it a success. Continue Reading »

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