This past weekend I was in Boston for a quick get away. Checking into the Langham Hotel, I had a series of experiences that struck me as uniquely different while being indicative of the random ideas that have been playing internally. The bags were taken to our room independent of check-in, and as I opened the door the bellman greeted us with a smile while placing the oversized bags (dramatically over packed) neatly in the room. As he stepped back, he gracefully and naturally built rapport with each of us. After experiencing a few laughs and interesting dialogue (even in two languages), he then asked a few non-intrusive questions about our visit and guided us in the right direction for answers. He then pointed out a few features of the room, location of all the amenities, and how to use the various items in the room. He left by giving us his business card and offering his help with a simple call. Later in the day on our way to dinner, he greeted us by name and a warm smile. Small and seemly insignificant details created a unique experience that other hotels have yet to create in over twenty years of extensive domestic and international travel.
· We are living through a transformation in how the ‘business of business’ is being transacted at every level – the engine for this evolutionary change is the Internet. The Internet is a conduit for the liberation of the ‘customer’ and ‘client’ from the grips of the centralistic corporate mindset that looks to push out all competition and manipulate “customer” driven innovation – the who, how, where, revenue opportunities (or just pass through services and products), value driven propositions, and sustainable markets are being redefined in quantum leaps. Just a few general facts … the average person is thought to know 250 people; there are allegedly six degrees of separation between every person on the planet; mass marketing is the method to reach critical mass; that individuals or businesses can control and manipulate information and people long term to its personal or corporate benefit; competition is the gateway to success (or put differently those people/companies who are better at competing will prevail over those less able); and that business is a two dimensional model. I suggest that the above thoughts are outdated and archaic business practices that have lead to the systematic failure of businesses across multiple market niches.
· Jeff Jarvis in his book “What Would Google Do?” states that: “Mass markets” are being replaced with the concept of “mass of niches.” Wholesale markets are but “conversations” – the key skill in any organization today is NOT “marketing” but “conversing.” Our economy is shifting from competition (ultimately based upon the notion of “scarcity”) to one of collaboration (one based upon the notion of abundance and strategic partnerships organically formed to solve a problem or customer driven service or product). Customers are now in charge – they are heard around the globe and have an immediate impact on large multinational conglomerates in an instant – a click away from success or failure. The most successful enterprises are networks (distributed networks, partnerships and platforms vs. centralized organizations) that extract as little value as possible so they can grow as big as possible. These networks are essentially platforms to coordinate and disseminate information, services and products. “Owning pipelines, people, products or intellectual property is no longer the key to success but openness is the key” – total transparency!
· The very definition of “who the customer is” has fundamentally changed – the client or customer is NOT just the person who is buying or selling BUT every touch point along the process – including but not limited to manufacturers, service providers, consultants, independent contractors, employees, agents, buyers, sellers, strategic partners, etc. Every person, every company, every provider of services is now your customer.
· Think about how profound a shift it is that each of us are but ONE click away from over 85% of every buyer and seller of any product or service in this country and potentially on the planet. What that really suggests is that we are no longer six degrees of separation from every person on the planet; instead we are but one click away from every person on this planet … one blog conversation or Tweet from every person on this planet. Our actions, good or bad, don’t potentially touch ten, twenty or 250 people (number of people a person may know), but an infinite number of people in an instant. We have the ability to create, alter, redefine and transform experiences, services, products and companies with one click of the mouse by reaching instant critical mass.
· The vision promoted successfully by the fastest growth company in the history of business, Google, is that showing up where your “customer” is and giving them exactly what they want, when they want it and how they want it is the only way. This premise single-handedly shifts most old-line brick and mortar companies that grew from the thought that they know what is ultimately best for their customer no longer applies – it arguably makes them irrelevant.
· Google’s “Ten things found to be true” (contained on Google’s Corporate Information page) vision statement challenges the very assumption that most businesses have been built around and the mindset of many entrepreneurs who hold their “cards close to their vest.” Google’s truths hold that: “1) Focus on the user and all else will follow; 2) It’s best to do one thing really, really well; 3) Fast is better than slow (customer’s deserve immediate gratification); 4) Democracy on the web works; 5) You don’t need to be at your desk to need an answer; 6) You can make money without doing evil; 7) There’s always more information out there; 8) The need for information crosses all borders; 9) You can be serious without a suit; and 10) Great just isn’t good enough.”
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