Week Of January 27, 2020

“We all savor victories and suffer defeats.  But neither victories or

defeats should describe us; rather, we are defined by whether we have

the will to get up and claw our way back into the game.  This is the

true challenge, one seemingly without end, for life is our ‘long game.’”

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“Don’t let what you cannot do get in the way of what you can do

 

WEEK OF JANUARY 27, 2020

Our tendency is to make something with our hands or a

machine, and then sell it.  Much better to “sell your brains,”

the things you know which others need but do not know how to do.

Always remember, the more the mystery, the more the margin.

Stolen from George Gallian, former TEC/Vistage member

 

THIS WEEK’S STUFF

  • The Dolittle Effect
  • The Unremarkables
  • Who to Manage First?
  • Customers or Community?
  • Econ Recon: Useful Recessions; No Recession in Sight

 

THE DOLITTLE EFFECT

One of the most beloved children’s stories of all time has been made into a hash of a movie, savaged by viewers and critics alike.  The recent release of the third incarnation of “Dr. Dolittle” is failing, not for lack of money, acting talent or technology, but for lack of something that often overcomes such deficiencies.  One of the best marketing bloggers, Seth Godin, identifies what was lacking in the leadership and management of what could have been a great project.  Does your company suffer from the “The Dolittle Effect” ?

 

THE UNREMARKABLES

We’ve heard a lot in recent years about growing inequality in the world.  Reasonable people can differ on the extent of the problem, but it’s good to explore the question when  backed up with data.  In a recent “No Malice, No Mercy” blog, Dr. Scott Galloway, entrepreneur and now professor at NYU, profiles one of the drivers of inequality, namely the increasingly daunting challenge of standing out.  Check out his latest provocative posting, the  “Unremarkables.”

 

WHO TO MANAGE FIRST?

CEOs are urged to lead by example.  There are several ways to do this.   Perhaps the most important is for CEOs to manage themselves.  This article from Forbes offers a checklist to use to assess whether you are managing yourself well (it offers the example of Dallas Cowboys leadership as an example).  Evaluate yourself in this important area with this short article, “Smart Leaders Manage Themselves Before Managing Others.” How well are you doing?

 

CUSTOMERS OR COMMUNITY?

Porsche, LEGO’s, TEDx and Instagram.  What do they have in common? They don’t just have customers; rather, they are brands supported by a community.  In LEGO’s case, through the power of a customer community, the 87-year-old company successfully transitioned from simply building for customers to building with an engaged community and from bankruptcy to success.  So, are your customers just a large group of disconnected individuals, or are they a community?  This short HBR Blog post will help you “Turn Your Customers into Your Community.”

 

ECON RECON

Useful Recessions:   Whether you think a recession is around the corner or years off, we can all agree that recessions are inevitable.  Dr. Alan Beaulieu of ITR Economics sees no reason to let a good crisis go to waste, and to that end has identified measures you can take when the economy is in reverse.  Check out his short blog posting, Five Positive Benefits of a Recession.

No Recession in sight:   Dr. Brian Wesbury sees no recession in sight and suggests that the stock market, even after a spectacular year, is still significantly undervalued.  Find out why he thinks that and his take on the overall economy in the coming year in his latest Wesbury 101 video.

 

Have a good week!