Monday, September 29, 2014
Introverts' 11 Observation Techniques for Extroverts
Wednesday, August 06, 2014
The Future of Retail and Predictive Analytics Role in Getting You There
- earn rewards for showing up
- see where your size of everything is on each rack as you approach it
- earn rewards for trying on clothes
- hear your favorite genre of music while trying on clothes
- step in front of the mirror and immediately get pictures of all sides of you
- take the opportunity to post the pictures to Facebook for immediate feedback
- provide the opportunity for your friends to earn rewards for providing feedback immediately
- customize the apparel like the stitching on your pockets to make it unique
- take whatever you wanted or ship to wherever without paying for anything
- automatically pay your bill at the end of the month which has progressive discounting based on your shopping habits and rewards status
First, you need to gather big data to massage it into customer relevant small data. There is a plethora of data to consume if you can get access to their social networks. An easy way is to allow customers to login to your systems with social network credentials or sync their existing accounts with social network accounts and while doing so ask for visibility into their behaviors. This paves the path for your collection of all sorts of data.
Next, you need to crunch the data specific to a customer and historical behaviors relevant to them and develop predictive models for potential future behaviors and their probability. For example:
- Notice that similarly segmented customers that bought item X often did behavior A and the potential it has to lead to the purchase of item Y or Z. Then, open a dialogue with the customer saying we noticed behavior A and thought you might be interested in items Y & Z. Then give them the chance to respond or not. Either way if you capture every interaction, you'll have more data to work with next time.
- Identify your most valuable and trusted customers that have potentially untapped buying potential based on their spending habits, their diligence in paying their credit card bill and their credit score. Then offer those few customers an elite invite only status in your rewards program that with it comes a no hassle shopping experience that eliminates the line at the register or the need to pay in the store at all and, as an added bonus, a personal shopping assistant able to see their past purchases and available only to them.
Thursday, July 03, 2014
Organizational Decision Making
We were talking about who had decision making authority within adjacent organizations and how it was drastically different based on region. He said in some countries one man makes the decision and it is final whereas in others decisions are made by committee. This is, of course, analogous to the extremes of a pendulum, which naturally makes us think there is a good middle ground that we should seek for better decision making.
So, follow me into what if land. What if we threw out the middle ground. Let's say the middle ground is like the middle of the screen in Frogger where you either get run over by a car, knocked out by a log or eaten by a gator. It's one side or the other to survive this little trek.
Everyone knows two heads are better than one and when people come together to make a decision they often consider more of the angles and implications of a decision simply because there is more brainpower in the room to pursue more trains of thought. Often great ideas come from groups of people brainstorming in think tanks.
The inverse is potentially just as effective, if poised appropriately. A single mind has the potential to make the decision exponentially faster than a committee since they need not deal with forms of communication that are reciprocally slower. When time is of the essence and the level of risk is acceptable a single person may be the best solution for delegation of authority.
I encourage you to consider delegating the power and authority you've acquired to those most suitable to make the decisions at the right time to expedite your organization and ultimately to leap frog your competitors. If you don't, they may.
Friday, June 06, 2014
My Son, Wyatt
This is my son Wyatt.
In so few words "my son", there is immense meaning that is unfathomable to those that are not a parent. And for those that were fortunate enough to have helplessly begged for their child's life, there is even greater meaning. It can only be explained with tears of joy.
Tuesday, May 27, 2014
How To Become a Dysfunctional Team... or Not
Back in 2008 Tom Edison put this Project Team Performance Curve on paper as an expansion to Tuckman's Forming, Storming, Norming, Perfoming model. Edison describes five additional stages that characterize a tipping point, a trans-formative opportunity and the dysfunctional road some teams take to extinction.
Informing
At the pinnacle of a team's success Edison suggests a team is at its informing stage where they should be sharing their experiences, both successes and failures, with the larger organization. This helps to keep a free flow of ideas, experiences and potentially prompting brainstorming's piggybacking.
Conforming
Next the team moves into a mental state rampant with Group Think, fewer fresh perspectives and innovative ideas. This is what is referred to colloquially as the doldrums or what I like to call the mental state of boredom where you are so busy doing nothing you want to slam your face into the keyboard just to change things up for a few seconds.
Transforming
This is where team transformation happens if dysfunction is identified soon enough. The team's leadership needs to inject a fresh perspective and its associated new innovation into the team. They can do so on their own by leveraging external resources such as another team in its informing stage or perhaps an outside facilitator like the trusted experts at Thought Ensemble. Come on, you had to see that coming.
I'll leave it to Edison to talk about the other dysfunctional stages and melding of face and keyboard, but needless to say it's bad and you don't want to go down that road. However, the task left to you is figuring out where your team is in Tuckman and Edison's team development life cycle. I challenge you to be honest with yourself and your colleagues and get the help you may need to transform your team before it's too late.
References:
Edison T. The Team Development Life Cycle: A New Look. In: Defense AT&L.
Monday, May 26, 2014
Wondering Where You Stand Financially
Saturday, May 10, 2014
My Myers-Briggs Type
Friday, May 09, 2014
Stifling Innovation With PMO Process
You just had a brilliant idea that could make a lot of money for the company, but now what? Well, in the past you would just talk to a couple of people, revise a little and then get started. Now, you have to create an idea, but of course you don't have permission to do so. Instead, your director has to be the person to create it, which means you should probably put a well articulated email or deck together explaining your idea. Once you are prepared and can get some of their time, you pitch it and all goes well. However, your director needs some key information like short and long term investments, timing, risks, return and it's alignment to the corporate strategy in order to create the new idea. If you make it this far without giving up already, your one of the few.
Okay, switch back.
Most people and their ideas would have died long ago in your new process. That or they realized their idea was so great they could quit, start their own company, immediately execute on the idea and ultimately put you out of business.
Those initial questions of who can create an idea, how and what's needed are really important because inherently they lead you to inhibiting the flow of ideas with your well-intended processes. One simple alternative could be anyone with an idea can reach out to your product evangelist team, which would shepherd the idea through the process giving it the momentum it needs or quickly killing it before wasting anyone's time.
An Operations Perspective
If you are in an IT delivery organization you may occasionally wonder why the operations side of the house is hesitant or resistant to introducing your changes into their production environment. Well, allow me to help you visualize this common problem.
Initially when you first worked together operations saw your application as a giant marble stallion rearing up on its hein legs ready to trample everything beneath it. However; over time, for whatever reason, their perspective changed to see a Trojan horse that more often than not bursts into flames, morphs into a flaming fire dragon and then burns their tranquil little shanty to the ground. And to make matters worse they get blamed for it and are then expected to rebuild everyone's shanties. Then on the horizon they see yet another Trojan fire dragon headed for their recently rebuilt shanty.