What the Next President Should Say

1.  As your candidate for president, I would like to state publicly that in my dialog with you, the public, that I have not addressed the fundamental issues with this economy.  My only excuse is that to do so, would have been politically risky, and would have exposed my candidacy to a barrage of second-guessing and criticism.

2.  I've decided though to take the risk, and to be as direct as possible with the American people.  I know that the pundits will have a field day, but I think it important that we begin this dialog and that I let the chips fall where they may.

3.  I believe there may be a fundamental problem in our economy, one that if left uncorrected, will lead to a continued decline in our power and status.
More...
|

India Report: The Not So Mighty Dollar


BIZSCI IN BRIEF
With continued weakness in the U.S. dollar and increases in India labor costs due to greater talent competition and wage expectations, I expected to see changes in the shift of U.S. service work to India. Indeed, during a recent trip to India, I did see clear evidence of a slowdown in U.S. outsourcing growth. But based upon confidential estimates from in country contacts, the U.S. outsourcing market is still growing (albeit at a slower rate), and any slowdown in U.S. growth will be more than covered by anticipated growth from Europe, Asia, South America and Africa.


In chatting with the car driver about prices in India, he calculated that the dollar, approaching three to a hundred rupee, buys just a kilogram of the cheap shorter grain rice. Calculating further, he indicated the same dollar buys just a few cups of the prized long grain balsamati used for many local dishes.

More...
|

Customer Solutions Profit Form Updated

I think this is the one Profit Form every professional services firm should understand. The Customer Solutions Profit Form is all about studying clients and building full service solutions with multiple services. It's a win-win scenario as 1) the seller gains revenue per customer and benefits from lower marketing and sales expenses while 2) the buyer gains a better product with lower acquisition complexity and cost.

I've significantly enhanced the description of this profit form, adding new examples and new sections including:
Applies To
Use This When
Action Plan
P&L Impact


Link to Customer Solutions Profit Form
|

BizSci Answers: Building an Internet Strategy


BIZSCI IN BRIEF
For most companies, the Internet should not be viewed as a strategy on to itself, but an important component in a total market communications strategy. To improve your Internet strategy, first prioritize the products you want to sell to important market segments. Next, determine where you need to improve your Internet assets to make it easiest for segments to both find and buy your products. This is only the first phase of an overall profit strategy that includes Profit Forms analysis and constant optimization of the product-segment mix. WJones



Question
I am researching options for developing and growing my company's website. Experience has provided me with plenty of opinions on what to do, but I am interested in formalizing to a greater degree my approach and am curious about options for utilizing existing plans or tools for defining Internet strategy.

More...
|

In the BizSci Spotlight: Airline Service (part 2)


BIZSCI IN BRIEF
Southwest and JetBlue constantly work to understand the expectations of their customers, then quickly make their businesses a menu for meeting those expectations. As a result, they have been able to focus their service models, generating higher customer satisfaction with simpler, more efficient business design.



Finally, a Flight That Meets Expectations
Of course I was sad to leave Grande Lakes Orlando. It's a beautiful property and I had completely missed every opportunity to enjoy it for three days as I attempted to prepare a budget and meet with suppliers.

Just before checking out, I realized I had booked a slow connection through Raleigh when there was a better direct flight to Baltimore. I had arranged the trip late and too quickly picked the first flight after my last conference session. Now I realized my seven p.m. flight would land only minutes before a later direct flight. So, an hour before check-out, I began to consider the possibility of a warm dinner (and even a dip in the pool) and changed my flight. Fortunately I had flown Southwest and was charged only a small fare difference (max fare was just $70 more). Changing the flight and checking-in online (from my room) was fast and uneventful. I saved my boarding pass as a PDF and e-mailed it to myself. I then put on a swimsuit, grabbed my conference dinner ticket and made optimal use of my momentary time windfall.

Ninety minutes later, dry and fed, I checked out of the Ritz. I had expected to use a PC or printer near the front desk to print my boarding pass, but the system was locked. There was no access to webmail or direct access to the printer. Unfortunately, the hotel and I had been out of sync all day (a first). Earlier that day, the cleaning staff had mistakenly disposed of all my personal toiletries and then hid my wireless headset in a drawer. After discovery, I had to make two calls and wait two hours simply to get a replacement toothbrush & shaving kit from the front desk. Cutting my losses, I skipped a five minute walk to the business center and jumped in a car for the airport.

Attempting to circumvent a stand in the Southwest ticket line, I sought help from a kiosk agent with a brief attempt to explain that I had printed but did not have a boarding pass. The kiosk agent didn't understand my situation (or so I thought) and pointed me to a kiosk as if I hadn't checked in yet. Knowing that it is easier to show than to explain. I inserted my credit card expecting a quick check-in failure and a Go Directly to Counter Agent card. Instead a virtual button appeared on the screen titled "Re-Print Boarding Pass". As soon as I touched it, the boarding pass fluttered into my hands. I looked up to see the nicest, "we know our stuff" expression on the kiosk agent's face.

That brings me to today's topic.

There may be just two U.S. domestic airlines that really get domestic passenger aviation: Southwest and JetBlue. More...
|

In the BizSci Spotlight: Airline Service (part 1)


BIZSCI IN BRIEF
Many U.S. domestic air carriers still struggle to stay one step ahead of bankruptcy, despite the examples of standouts like Southwest and JetBlue. These airlines have yet to fix holes in their service infrastructures that result in frequent unmet customer expectations. Until these airlines inventory all customer expectations and ensure they are met at each customer touch point (ticket counter, web, call center, gate, and aircraft), their businesses will continue to suffer.



What's Broken?
It's 11:30 pm. After a two hour delay, I had finally boarded a commuter plane at Atlanta's Hartsfield International en route to Dulles and home. Instead of taking off, it seemed that something was very wrong. Although the passengers had been asked to take their seats, fifteen minutes had passed with no one to close the door. Worse still, the flight attendants looked like anxious parents at a child's birthday party hoping it really was a good idea to reserve a clown just returning from rehab.

Lemmings Can Stay Seated
A meticulously dressed business woman in the isle seat to my right was more than concerned about the delay. She first asked and then demanded to know what was going on. I paused my iPod long enough to determine she was not armed, and continued listening to an audio rendition of Ayn Rand's Atlas Shrugged. Twenty minutes later, I noticed the passenger had returned, her black pumps slightly wobbly and her matching skirt slightly wrinkled. She was quietly saying something with an expression that begged attention, so I paused my wireless headset again. With a tenor that could have been a sob if her tear ducts were working, she quietly heaved,
"They said I have to leave the plane. ..... Was I threatening?"

A woman behind her, seemingly fully occupied with the tag team effort to subdue a two-year old lifted her head and offered, "Yes, you were rude."

The Entertainment Arrives
Before the passenger was removed, she had been successful with short words to gain an attendant's assistance in "allowing" her to remove her seat-belt and pose a question to a person in-charge. She had then walked to front of the plane, unfortunately finding the person in charge was the same efficiently listening attendant. Incredulous that there was no pilot or co-pilot AND that she was expected to sit indefinitely without explanation, I surmised that she began making quiet demands ... first that someone call to find out what the !*_k happened to the pilots and then that someone tell the passengers when the !*_k they would be departing.

I didn't hear her directly, but the next two announcements told the story. Three minutes after she left her seat came the first announcement,
"This is the flight attendent. As I am sure you have noticed our departure is delayed. Unfortunately, our pilots have not yet boarded the plane, but they should be arriving shortly. Thank you for your patience."
Five minutes later came the second announcement,
"I am pleased to announce that our pilots have arrived! After a short pre-flight checklist, our plane will depart momentarily."

Based upon the short time between the arrival of the pilots and the ejection of the passenger, it seems the pilots must have been greeted by the same senior attendant, requesting authorization to immediately remove a disorderly passenger.

More...
|

The Inherent Efficiency of Growth


What's the best way to create a more efficient IT organization?
  • Implement ITIL?
  • Outsource?
  • Better align IT goals with business strategy?
  • Integrate enterprise processes using web services?
  • Focus on growing the skills of your resource pool.

What if there was a better way to provide more services per dollar, one that had nothing to do with your ability to execute as an organization? I am talking about business growth, and the impact running an IT organization at a belt tightening Gap (Limited Brands) vs, heading a similar organization at a rapidly growing Nordstrom.

My analysis provides a surprising and very disheartening result if you are CIO at a company with weak or negative growth. IT departments in growth companies have a significant cost advantage.

Thus if you are right now heads down figuring out how to give your low growth company a cost advantage so it can ... "catch-up" with the industry leaders, you might want to read this article, ... because your job just got a bit tougher. More...
|

The Best CEOs.

To provide consistent linking for Profit Forms, I am creating a RSS feed of the Best CEOs. More...
|

Profit Forms

Publishing details on Profit Forms for the first time. The final list will include 33 or 34 different forms.
More...
|