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Winter
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The Map is a quarterly newsletter of useful information in quick-read
format for business people seeking ways to improve their bottom
line.
This publication is produced by Gail Finger of Finger Consulting,
Laurie Breitner of Breitner & Associates, and Jeanne Yocum of
Tuscarora Communications, Ltd. Drawing on decades of professional
experience, these business owners and their guest authors target
their message to the needs of other business owners and leaders.
The goal of
The Map is to provide information that will help you:
- Become more
competitive and profitable
- Work more
effectively and successfully
- Create harmony
and energy in your organization
- Manage significant
change
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Privacy
Policy and How to Subscribe/Unsubscribe
The e-mail address list for The Map is never sold to third parties.
If you would like to subscribe to The Map, please send an e-mail
to:
TheMap@breitnerandassociates.com
with "SUBSCRIBE" in the subject line.
If you would like to remove your name from the mailing list, write
to the same address with "REMOVE" in the subject line.
The Map includes information appropriate for a general audience.
However, use of these opinions is no substitute for legal, accounting,
investment and other professional services tailored to your specific
organizational needs.
COPYRIGHT ©
2003-2004
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Inspire
Business Success in 2004 by Laurie Breitner
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I
hope you have exciting plans for this new year! Whether you want to
shape a more effective organization or significantly expand your business,
here are tips on what you can do to refocus your organization and
change its cultural habits.
> read more... |
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Where
Will Your Best Employees Be In 2004? by Gail Finger |
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As
the economy improves, you may find yourself facing new challenges
from an unexpected source. CNNmoney (Nov. 12, 2003) reported that
"eight in 10 workers plan to look for a new job when the economy
heats up." With more options available, employees will no longer
be happy just to have a job. They will be looking for challenge, an
environment that uses their core talents, and a place where they feel
appreciated.
> read more... |
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Launching
a New Product in 2004? Heres What Not to Do. by Jeanne Yocum |
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Few
business activities are as excitingor perilousas launching
a new product or service. Over the years, research has consistently
revealed alarmingly high failure rates for new products. Compounding
the challenge, the number of new products being launched each year
has skyrocketed since 2000, making it even harder to get attention
for your new pride and joy.
>
read more... |
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Search
Engine Rankings - The Internet Trend to Watch in 2004 by
Silvana Gravini |
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If
your business depends on customers finding you on the Web, this is
information you'll need to be successful. In 2004, savvy business
owners will likely wrestle with the big question
how to gain
high rank positions with the most popular search engines.
> read more... |
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Inspire
Business Success in 2004
by Laurie Breitner |
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I hope you have
exciting plans for this new year! Whether you want to shape a more
effective organization or significantly expand your business, here
are tips on what you can do to refocus your organization and change
its cultural habits.
Establish a climate for change.
People in organizations resist change; change is facilitated when
the status quo becomes uncomfortable. What can you do to encourage
transformation? This may seem odd
let your organization feel
pain. Encourage dissatisfaction with those things youd like
to be different.
Clearly communicate your vision for the future.
Create a compelling vision of how things could be better; inspire
your organization to take action. Meet with everyone whose help
youll need to be successful - your employees, suppliers, vendors,
advisors and selected customers - to talk about your plans. Encourage
frank discussion of their perception of your organizations
relative strengths and weaknesses. You may learn about hidden problems
and avoid potential pitfalls that could derail your plans. Dont
overlook your banker, business and legal advisors and accountant;
getting them onboard early may smooth the way when inevitable stumbling
blocks arise and you need their help.
Build a strong alliance of people committed
to your goals.
The role of this alliance of internal and external resources is
to help articulate a vision of the future, eliminate obstacles,
generate short-term successes and change habits in your company
culture. Find individuals whose opinions are respected, who agree
on your vision and are committed to the process for "the duration."
With their assistance, develop realistic, measurable plans. Encourage
quick successes; early achievements help to get doubters behind
your program. After all, everyone likes to play on a winning team.
Identify important milestones and the dates by which you expect
to achieve them. Evaluate progress at regular intervals and make
mid-course corrections.
Align your organization for success.
Ironically, complex changes can be easier to accomplish than small,
incremental shifts. In making systemic change, organizations are
forced to confront the larger issues of culture and management style
that exist in every organization systems that make incremental
change difficult to accomplish. Here are examples of things to consider:
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- Compensation
policies
- Leadership
styles
- Job descriptions
- Technology
and infrastructure
- Policies
and procedures
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Look at all
the different ways that current cultural habits are reinforced and
revamp those systems that encourage people to resist change.
Laurie
Breitner
helps businesses on the road to success through strategic planning,
organizational development, project management, operational improvement
and technical and process documentation. www.breitnerandassociates.com
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Where
Will Your Best Employees Be in 2004?
by Gail Finger |
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As the economy
improves, you may find yourself facing new challenges from an unexpected
source. CNNmoney (Nov. 12, 2003) reported that "eight in 10 workers
plan to look for a new job when the economy heats up." With more
options available, employees will no longer be happy just to have
a job. They will be looking for challenge, an environment that uses
their core talents, and a place where they feel appreciated.
In the Fall 2003 Towers-Perrin Study "Working Today: Understanding
What Drives Employee Engagement," the authors outline what is most
important to employees, why employee engagement matters, and what
you can do to improve employee engagement in your organization.
The study involved 40,000 full-time employees and highlights the
following crucial points:
- Employee
engagement is defined as an employees willingness to put
discretionary effort into his/her work in the form of extra time,
brainpower and energy.
- The statistical
data shows that engaged employees do out-perform others and are
less likely to leave the company.
- Engaged employees
are more willing to focus on customers and the operational performance
of your organization, and that makes employee engagement a critical
success factor.
The top two
factors that improve employee engagement might surprise you:
- Senior managements
interest in employees well being.
- Challenging
work.
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Pay and benefits
didn't even make the top ten! Pay and benefits help to attract employees,
but they don't help to engage employees or make them want to stay.
It is impossible to over-estimate the importance of good leadership
and management in an organization. Employees surveyed for the study
cited the following qualities/behaviors as positively affecting
their motivation and willingness to put that all-important discretionary
effort into their work:
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1.
Supporting teamwork.
2. Acting with honesty and integrity.
3. Encouraging/empowering people to take initiative.
4. Having valuable experience or expertise.
5. Encouraging new ideas and new ways of doing things.
6. Providing clear goals and direction.
7. Inspiring enthusiasm for work.
8. Ensuring access to a variety of learning opportunities.
9. Helping employees understand how they impact the financial performance
of the company.
10. Building teams with diverse skills and backgrounds. |
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Sadly, half
of the 40,000 employees surveyed rated their managers as fair to
poor on the qualities listed above.
Employees who rate themselves as highly engaged say they have no
plans to leave their current company. Those who were only moderately
engaged or completely disengaged said they were either seeking another
position or would consider another opportunity.
If there is one thing you should do to improve the odds that you
have an engaged workforce and low turnover, its this:
Be sure your managers and executives have
the "people skills" necessary to motivate and engage employees.
Management know-how doesnt come naturally to most.
If your managers are people with technical training who have moved
up through the ranks to management positions, you should be doubly
concerned.
Take a look at the manager leading your most successful group, and
the manager leading the least successful group. Whats the
difference? Its very likely that the difference is in their
ability to exhibit the 10 qualities of successful managers described
earlier.
The good news is these skills can be developed, and its not
too late. You would do well to consider a management development
program for your organization very early in 2004. Your managers
will gain confidence, theyll be able to engage their employees,
and productivity and customer service will improve.
The complete Towers-Perrin
study (PDF).
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Gail
Finger is an organizational, leadership and management consultant
with over 20 years of experience in the areas of human motivation,
performance, and the psychology of change. She offers a wide array
of services and programs that result in a highly motivated and productive
workforce. They include leadership and management coaching, team
development, succession and promotion planning, pre-employment assessments,
and a variety of educational and experiential seminars.
www.fingerconsulting.com.
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Launching
a New Product in 2004? Heres What Not to Do.
by Jeanne Yocum |
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Few business
activities are as excitingor perilousas launching a
new product or service. Over the years, research has consistently
revealed alarmingly high failure rates for new products. Compounding
the challenge, the number of new products being launched each year
has skyrocketed since 2000, making it even harder to get attention
for your new pride and joy.
Yet with high risk comes the potential for high reward. So if you
"built a better mousetrap" that you plan to introduce
in 2004, make sure you do the best job possible in planning and
executing your launch. Below are five classic mistakes that companies
make when developing new product launch plans. Avoiding these pitfalls
will increase your odds of success.
Mistake #1: Plan the launch just before
the release date. Nothing is more disheartening to a
PR consultant than to have a client call and say, "We have
a great new product ready to launch next month. Can you come up
with a plan by next week?" Sadly, this happens all too often.
Companies spend monthseven yearsdeveloping a new product
only to think about the launch plan at the last minute.
In a market where literally tens of thousands of new products are
demanding attention, you need a truly outstanding launch strategy.
Thats not something you can create overnight so start your
launch campaign planning as early as possible.
Mistake #2: Carve your launch plan in stone.
Few new product introductions go exactly according to
plan. Manufacturing snafus occur. Distribution gets delayed. Be
sure to build flexibility into your launch plan. Keep the launch
team in daily communication with the people who are actually getting
the product out the door so that the launch campaign calendar can
stay in synch with the actual availability of the product. For instance,
there is no use wasting your advertising dollars touting a product
that wont be on the shelves for another month due to production
delays.
Mistake #3: Keep your employees in the
dark. Your employees are your most important word-of-mouth
ambassadors. Get them on board with the launch plan and ready to
talk about the product with everyone they meet before the news goes
public in the trade, business or consumer press.
Mistake #4: Use the same forms of media
youve always used. The number of potential media
outlets that can talk about your new product grows daily. Dont
just dig out the media list your cousin used for his last launch.
Get up-to-the-minute information on each media outlet to make sure
theyre communicating with your target audience. Dont
overlook Internet media outlets that might not have existed when
you did your last launch.
Mistake #5: Skip the crisis plan. The
number of things that can go wrong when a new product hits the market
is limitless. Brainstorm the possibilities and then make sure that
your existing crisis plan covers them or, if it doesnt, develop
a launch crisis plan.
Make your 2004 new product launch a success. Plan well, execute
with great care, and be ready for the unexpected!
This information offers a sneak peek at a book Im currently
writing with Boston PR firm owner Joan Schneider on how to make
your new product stand out in todays crowded market. Launch:
10 Proven Strategies for New Product Success will be
published by Stagnito Communications in September 2004.
Jeanne
Yocum, president of Tuscarora Communications, Ltd., has over
20 years' experience in planning and implementing corporate communications
and public relations programs. She has worked with clients in a
wide variety of fields, including commercial and residential real
estate, retailing, health care, financial and legal services, manufacturing,
IT analysis, management consulting, architecture, and banking. She
also writes book proposals and ghostwrites business books. www.yourghostwriter.com
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Search
Engine Rankings - The Internet Trend to Watch in 2004
by Silvana Gravini
If your business
depends on customers finding you on the Web, this is information
you'll need to be successful. In 2004, savvy business owners will
likely wrestle with the big question
how to gain high rank
positions with the most popular search engines.
Everyone's favorite search engine - Google - receives roughly 100,000
requests per day from sites seeking inclusion. Compounded by the
existing 3 billion pages currently catalogued, it's clear that winning
a position on the first three pages can be difficult to achieve,
which explains why an entire industry has sprung up to help Web
site owners win the search engine "race for placement."
Many smaller businesses and organizations may not have the resources
to hire a search engine optimization (SEO) specialist, so they take
on the task themselves. Regardless of whether you're a "self-promoter"
or outsource the work, here's some of what you need to know. There
are three main ways to improve your Web site's rankings.
1. Pay search engines for results.
2. Get quality sites to link to your site.
3. Develop strong content focusing on your top keyword phrases.
The Pay Per Click (PPC) Model.
When Overture started the Pay Per Click ("PPC") model
in 1998, many considered it not much more than a gimmick. Six years
later, Overture has thrived for one reason: quality of results.
PPC search engines can help target specific audiences, potentially
offering one of the highest returns on marketing investments on
or offline.
The following are seven powerful reasons to use PPC search engines:
| Traffic: |
Pay
Per Click Search Engines like Overture deliver 200 million searches
every month. |
| Reach: |
Search
results reach 85% of all Internet users. |
| Targeting: |
Directly connect with specific
audiences through custom titles and descriptions |
| Cost
Effective: |
Pay
when targeted customers click through to your site. |
| Control: |
Choose how much to pay for each visitor, which keywords you
bid on and your budget. |
| Quick: |
You
can start receiving traffic almost immediately. |
| Credibility: |
The
PPC Search Engines have strict editorial policies. As a result
surfers and other search engines will view your listings with
trust and greater credibility. |
Reciprocal linking.
Over 80 attributes of your Web site are considered when determining
rank. While links pointing to your site is not the most important
of these factors - and you will need a well-optimized site to rank
well - when all else is equal (i.e. when your competitors also have
well-optimized sites) this single attribute can be the deciding factor
between being found and being buried in search engine listings.
When looking for sites to link to your site, here are some questions
to ask yourself:
- Do they compete
with you?
- Does their
site relate to your content?
- How does
Google rate their site?
- Will they
require a reciprocal link?
Build a content rich site.
Many Web sites are actually company brochures that have been adapted
to the Web. They merely describe a bit about the company or service
and then add some contact information. Such Web sites usually have
about 5-10 html files. If these pages have a good amount of text
it is possible to optimize them for several keywords.
However, if these sites are in highly competitive fields, it may
be difficult to build traffic because search engines try to find
the most important sites that can answer a search query. Search
engine robots look for keywords in the metatags and in the text
on the pages to determine what the site is about. They also look
at the links on various pages. If your main page is about bicycles,
for example, and you have links to other pages on your site relating
to the cycling theme, then the search engine will conclude that
the site is about bicycles. Further, if your site has many pages
on this theme, it should rank higher than a company brochure site
of just a few pages.
Using these three methods to improve your Web site's search engine
rankings should make 2004 your best ever for attracting customers
to your online business!
Silvana Gravini, principal
of Silvana.Net, is a Web site designer and SEO specialist located
in Northampton, MA. Since 1996, Silvana.Net has successfully assisted
a broad range of clients to realize growth and profitability objectives
through applied Internet technologies. www.silvana.net
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