Continuous Improvement Should Come Naturally

“The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.” – Henry Ford

I find it interesting that continuous improvement is often billed as a novel strategy by reputable business consultants.  I don’t think it is a strategy, a new technique or other form of bolt-on enhancement for businesses or individuals.  Rather, I believe it is an outcome of the healthy practice of evolving products, companies and ourselves in response to, or ahead of, changing market conditions (customers, distribution channels, marketing, technologies, etc.).

In business, there are many applicable metaphors, but I prefer the military “volley rate.” Volley rate is defined as the time it takes to complete the 5 steps noted below.  To apply this to business, simply substitute volley rate with “ad campaign,” “marketing program” or “product launch”:

1. Load the Canon (create ad campaign)

2. Aim the Canon (determine ad spend and placement)

3. Fire the Canon (launch ad campaign)

4. Canon ball flies to target (ad campaign runs its course)

5. Assess damage (assess sales impact)

In war, the faster volley rate wins as the faster side fires more often and, thus, hones in on their target.  In business, particularly marketing and advertising, a faster volley rate means results are more quickly optimized and achieved. Think: A/B testing and running mini campaigns in advance of launching broader initiatives.

In your career, volley rate also applies.  Technologies and markets are changing rapidly.  Those individuals who regularly assess their skills and make education a priority (reading, taking seminars, attending conferences, etc.) will enjoy continuous improvement as a result of those efforts.  When you say to yourself, “Wow, I need to dive-in and learn about this,” you are basically saying that your volley rate is too slow and something is getting ahead of you.

A job search is very similar, as the ability to hone your search with a fast volley rate is critical to shortening the search and landing a position that you really want – particularly if it’s a competitive market.

The over-arching lesson here is that in everything you do, a fast volley rate is critical.  Along the way, the most important part of each volley is gathering facts (be sure the sources/facts are validated) and analyzing the results.  Skipping that step means you are not aiming precisely – that’s called the shotgun method and it’s notoriously ineffective.

Your Career May Start Today

It has been a couple months since I wrote a “Career Coach” column.  Sometimes they write themselves.  Today was such a day as I had a wonderful lunch with a very cool college student.  He’s in his Junior year and majoring in business.  He is also thinking about starting a company – or at least taking a swing at the ball.  This is of great interest to my entrepreneurial side, of course.

Anyway, he’s focused on planning the course load so he can graduate on time.  At the same time he has been quietly developing a product idea born of his personal interest and a wide view of the people around him who would use the product.  He knows he needs a business plan and wants to know what to do, when to do it, who to include in the venture – these are all the right questions.

He seems somewhat intimidated and confesses to not knowing exactly where to start.  I explained that simply admitting that there are a ton of questions to be asked means his self-awareness is well-calibrated.  None of us are born with all the answers – we all assimilated it from mentors, professors and individual study.  Armed with that, we then march forth into the world and take a swing at some noble new business goal.  I provided him with the Guy Kawasaki 10-20-30 business plan format and he took copious notes and asked many clarifying questions.  I then sent him to a couple websites that would assist him in learning the process.

We also discussed social media and the need for personal reputation management.  Like many students, he has a Facebook presence and uses Twitter as a mass texting resource to openly communicate aomong his circle of friends.  Uh, sometimes too open.  He was keenly aware of the need to moderate his tweets and posts as he looks forward to graduation in two years.   This led to a very interesting conversation about social media from MY perspective.

We arrived at a discussion about a WordPress account where he could blog his thoughts about the process of starting his business and other things.  That led to a discussion about LinkedIn and its function in the professional world as well as how Twitter plays a part in the tapestry of social communications.

By the end of the conversation he had two sets of notes:

1) Drafting the Business Plan for his product idea

2) Begin establishing his professional reputation today through a WordPress blog that automatically posts updates to Twittter and LinkedIn.  Meanwhile his more personal life will be maintained on Facebook and he is going to clean up the archive.

What impressed me most was his strong desire to think ahead.  He has two years of college in front of him and knows that is his priority.  Along the way, he wants to “scratch the itch” and see if his product idea can come to life while using social media to establish what will eventually be his online professional reputation.   As part of this he sought me out for advice and counsel.  To him, his career is starting with the kickoff of his Junior year.

It shows me just how important it is to make time for the quality people who want to tap into our collective experiences.  Frankly, as it turned out I didn’t have a lot of time today but it was a great conversation.  I can’t wait for the next lunch with him.

Studios and eBooks

I had a meeting and then a conference call recently with the head of a very successful production studio.  They have several series on the air and are enjoying high levels of success.  The topic was eBooks and how they can extend the on-screen brands to a line of eBooks that augments the experience.  They also held title to a fairly large backlist of previously published books that could be revived as eBooks.

The meetings went well but the executive did not see the value that partnering with a publisher could bring to his business.  The read we got was that production studios think about producing and being the producer.  They had the budget and space with which to embark on building an eBook business from the inside of the media organization.  Along the way, the executive had established some level of relationship with Amazon, presumably through the video side of the business.  He felt that they can go it alone and achieve results.

The point that was seemed to be missing was this: businesses should do what they are expert at doing and seek expert partners for everything else.  Establishing an eBook division using media teams is possible – but is is the highest best use of that talent and does it represent the fastest path to market and ensure the highest level of expertise?  That answer is an emphatic NO.  The studio will very likely achieve some level of results but they will have no way of knowing the relative status of their performance.  A publishing partner can provide that data.

Discussions continue on-n-off and I remain hopeful that we can work with this studio as they have some exciting content.

Not long ago I had a meeting with a different studio, a smaller one without nearly unlimited resources and the deal efficiencies seemed to enable them to see the benefits very clearly and we quickly reached verbal agreement on all key deal points.  In short order we had a very significant library in production with a great partner and are driving toward 2012 the holiday selling season.

There’s a lesson in there…