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<channel>
	<title>Business Intelligence</title>
	<link>http://business.glossika.com</link>
	<description>Wisdom of Business Leaders</description>
	<pubDate>Sat, 15 Aug 2009 02:25:56 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.3.1</generator>
	<language>en</language>
			<item>
		<title>Guerrilla Marketing in 30 Days</title>
		<link>http://business.glossika.com/guerrilla-marketing-in-30-days-2/</link>
		<comments>http://business.glossika.com/guerrilla-marketing-in-30-days-2/#comments</comments>
		<pubDate>Fri, 30 Jan 2009 01:44:51 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Books]]></category>

		<category><![CDATA[Marketing]]></category>

		<guid isPermaLink="false">http://business.glossika.com/guerrilla-marketing-in-30-days-2/</guid>
		<description><![CDATA[One Dynamic Blueprint to Maximize Profits and Increase Customers
(13100)





With 30 days of consistent effort, you can upgrade and enhance your organization’s entire approach to marketing.
The guerrilla marketing creed is that it’s possible to achieve conventional aims (like sales and profits) using unconventional methods (like investing energy in your marketing and not just more money). When [...]]]></description>
			<content:encoded><![CDATA[<p>One Dynamic Blueprint to Maximize Profits and Increase Customers<br />
(13100)</p>
<p><div style="float: right">
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</div>With 30 days of consistent effort, you can upgrade and enhance your organization’s entire approach to marketing.</p>
<p>The guerrilla marketing creed is that it’s possible to achieve conventional aims (like sales and profits) using unconventional methods (like investing energy in your marketing and not just more money). When it comes to marketing, the missing “secret sauce” is usually all their time getting in position to start marketing when in reality they should be just getting into action. Energy, passion and enthusiasm can cover up a lot of gaps in your marketing know-how.</p>
<p>Guerrilla marketers take the time to decide where they want to do business. They don’t even attempt to be everything to everyone. Instead, guerrillas focus on one part of the marketplace and serve that segment as well as possible. When it comes to marketing, knowing where you don’t want to play is just as important if not more so than knowing where to play.</p>
<p>Guerrilla marketers also view marketing as an investment rather than an expense. For example, if you spend $3,000 to generate an additional $5,000 in new business, your marketing hasn’t cost you anything. Marketing that works is an investment, and when marketing works well, the return on investment can be impressive. It’s only when marketing is done wrong and doesn’t work that it becomes an expense Guerrillas focus on developing and using marketing that works.</p>
<blockquote><p>A marketing plan, the ultimate result of this 30-day process, offers a simple strategy or set of strategies, a marketing calendar, an evaluation system, and a selection of weapons and tactics that give you complete control of your marketing.</p></blockquote>
<p>&#8211;Jay Levinson and Al Lautenslager</p>
<blockquote><p>Have you ever wondered why you don’t have all the clients or customers you need? Many times it’s because you can’t decide where to begin marketing, you aren’t sure where to put the pieces together, or you can’t stay motivated and focused. You are capable of doing many of the things required for effective marketing, but the real question is, will you? Action is what guerrilla marketing is all about. You start by formulating a set of simple, effective things to do consistently to address today’s marketing challenges.</p></blockquote>
<p>&#8211;Jay Levinson and Al Lautenslager</p>
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		</item>
		<item>
		<title>U: Unabashed</title>
		<link>http://business.glossika.com/u-unabashed/</link>
		<comments>http://business.glossika.com/u-unabashed/#comments</comments>
		<pubDate>Fri, 30 Jan 2009 01:07:13 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Innovation]]></category>

		<guid isPermaLink="false">http://business.glossika.com/u-unabashed/</guid>
		<description><![CDATA[(14621)





Inject some unabashed enthusiasm into whatever new products you’re developing. Customers want that.
Most people in the business world are too serious. They’re so focused on making money they don’t even give themselves permission to smile anymore. If you can come along with a product that just strikes a whimsical note and makes them smile, that [...]]]></description>
			<content:encoded><![CDATA[<p>(14621)</p>
<p><div style="float: right">
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</div>Inject some unabashed enthusiasm into whatever new products you’re developing. Customers want that.</p>
<p>Most people in the business world are too serious. They’re so focused on making money they don’t even give themselves permission to smile anymore. If you can come along with a product that just strikes a whimsical note and makes them smile, that little spark of enjoyment can enable your product to be much better received.</p>
<p>Take, for example, a new bathroom accessory collection designed for Target. This is a set of cup holders, tub accessories, bath mats and toothbrush holders with a common theme. A talented twenty-something industrial designer, fresh out of school, was assigned to come up with some new ideas for a collection to be styled specifically for children. She attacked the assignment with gusto, and came up with a collection called “Beneath the Bubbles” Each piece of the collection was whimsically styled like sea life. There was Wally the Whale, a blue tub-spout protector. Crabby the Crab was a toy bag that attached to the walls of the bathtub. The centerpiece of the collection, however, was Stan the toothbrush holder. Not only did Stan hold two toothbrushes in his rounded starfish arms but there was also a button in the center of his tummy that children could push to make Stan sing. Stan’s song went for about a minute—which just happened to be the amount of time the American Dental Association recommended children should brush their teeth for.</p>
<p>When the collection was presented to buyers, they were a little bit skeptical, but the designer’s enthusiasm won them over and proved to be somewhat contagious. They decided to take a risk on the collection, and it turned out to be a genuine home run for Target. Grandmothers everywhere rushed to buy the collection for their grandkids hoping to encourage them to brush their teeth more often and for longer.</p>
<blockquote><p>Enthusiasm, like laughter, is infectious. Go spread some around. Infect as many people as you possible can. You’ll be amazed at the change in the environment! </p></blockquote>
<p>&#8211;Robyn Waters</p>
<blockquote><p>If you can’t get excited about your own products, just imagine how uninspired and unenthused your customers must be feeling. </p></blockquote>
<p>&#8211;Robyn Waters</p>
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		<item>
		<title>Progress is a nice word, but &#8230;</title>
		<link>http://business.glossika.com/progress-is-a-nice-word-but/</link>
		<comments>http://business.glossika.com/progress-is-a-nice-word-but/#comments</comments>
		<pubDate>Thu, 29 Jan 2009 01:43:15 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Quotes]]></category>

		<category><![CDATA[Kennedy]]></category>

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		<description><![CDATA[Progress is a nice word. But change is its motivator, and change has its enemies.
&#8211;Robert Kennedy



]]></description>
			<content:encoded><![CDATA[<blockquote><p>Progress is a nice word. But change is its motivator, and change has its enemies.</p></blockquote>
<p>&#8211;Robert Kennedy</p>
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		<item>
		<title>The Keys to Reengineering Success</title>
		<link>http://business.glossika.com/the-keys-to-reengineering-success/</link>
		<comments>http://business.glossika.com/the-keys-to-reengineering-success/#comments</comments>
		<pubDate>Thu, 29 Jan 2009 01:42:26 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Leadership]]></category>

		<guid isPermaLink="false">http://business.glossika.com/the-keys-to-reengineering-success/</guid>
		<description><![CDATA[(13504)
To succeed at reengineering, follow these guidelines:
1. Always start with the customer and work backwards
2. Move fast
3. Tolerate risk
4. Accept imperfections along the way
5. Don&#8217;t stop too soon
In short, reengineering is the opposite of business as usually.
Taking each of the guidelines in turn:
1. Always start with the customer and work backwards
 Business processes exist solely [...]]]></description>
			<content:encoded><![CDATA[<p>(13504)</p>
<p><!--adsense#ad_rect_text-->To succeed at reengineering, follow these guidelines:</p>
<p>1. Always start with the customer and work backwards<br />
2. Move fast<br />
3. Tolerate risk<br />
4. Accept imperfections along the way<br />
5. Don&#8217;t stop too soon</p>
<p>In short, reengineering is the opposite of business as usually.</p>
<p>Taking each of the guidelines in turn:</p>
<p>1. Always start with the customer and work backwards<br />
 Business processes exist solely for the purpose of creating a satisfied customer&#8211;they have no other valid reason to exist. Therefore, reengineering at its very heart means a realignment of the company&#8217;s resources towards the goal of meeting the needs of the customer.</p>
<p>From an internal perspctive, the best way to generate enthusiasm for a reengineering program is to set ambitious goals that stretch and challenge the organization. People won&#8217;t be motivated to abandon the familiar and adopt the reengineered processes unless they are inspired by the vision of what the company is becoming. Provide that spark of motivation.</p>
<p>2. Mover fast<br />
Reengineering is a dramatic, radical process. It simply cannot be undertaken slowly or deliberately. Reengineering must be achieved quickly and decisively&#8211;otherwise the forces of internal resistance (for the way things have historically been done within the company) will overwhelm and impede the process.</p>
<p>Reengineering must be done at speed&#8211;the faster the better. Experience has shown there is generally a 12-month window of opportunity for a successful reengineering initiative.</p>
<p>3. Tolerate risk<br />
Change&#8211;and therefore progress&#8211;always involves risk. Therefore, in undertaking reengineering, the people who are by nature risk-averse will feel disoriented and disfranchised.</p>
<p>Experience has shown probably the only way to offset the fear of change within an organization is to demonstrate dramatically the greatest risk of all comes from sticking with the status quo. If people can be convinced &#8220;business as usual&#8221; probably means being unemployed very soon, they&#8217;ll suddenly develop a voracious appetite for trying something new.</p>
<p>4. Accept imperfections along the way<br />
No reengineering program ever emerges full-blown right out of the box. Reengineering is always an iterative process&#8211;where something new is tried and expanded on if it doesn&#8217;t. That means there will be partial failures along the way as a normal, expected part of the process.</p>
<p>The key is not to avoid mistakes but to learn from them and move on.</p>
<p>5. Don&#8217;t stop too soon<br />
Many organizations suspend reengineering when they see the first sign of success. Others stop at the first hint of a problem. Both actions are equally damaging to the long term success of the organization.</p>
<p>The true breakthroughs always require perseverance and patience.</p>
<blockquote><p>We believe that reengineering is the only thing that stands between many U.S. corporations&#8211;indeed, the U.S. economy&#8211;and disaster.</p></blockquote>
<p>&#8211;Michael Hammer &#038; James Champy</p>
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		<item>
		<title>T: Translate</title>
		<link>http://business.glossika.com/t-translate/</link>
		<comments>http://business.glossika.com/t-translate/#comments</comments>
		<pubDate>Thu, 29 Jan 2009 01:05:24 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Innovation]]></category>

		<guid isPermaLink="false">http://business.glossika.com/t-translate/</guid>
		<description><![CDATA[(14620)
Not all trends are relevant, so you’ve got to translate them into something meaningful for your customers.
There re actually vast oceans of trends out there waiting to be picked up on. There are tone of good ideas, loads of information and inspiration by the bucketful available in the world of business. However, not all of [...]]]></description>
			<content:encoded><![CDATA[<p>(14620)</p>
<p><!--adsense#ad_rect_text-->Not all trends are relevant, so you’ve got to translate them into something meaningful for your customers.</p>
<p>There re actually vast oceans of trends out there waiting to be picked up on. There are tone of good ideas, loads of information and inspiration by the bucketful available in the world of business. However, not all of these trends will be of equal importance to your customers. To make a trend relevant, it’s got to do something your customers actually want and need.</p>
<p>For example, everyone knows cell phones have become quite sophisticated. LG Electronics of South Korea decided to develop a cell phone that was on-trend for customers in the Arab world. They came up with the Qiblah mobile phone that uses GPS technology to always point to Mecca. The phones can even store text from the Koran and will beep when it is the appropriate hour to offer prayers. This is taking technology and using it intelligently to provide a product with features customers will value highly.</p>
<p>Good research into trends must include finding a way to translate technology capabilities into a meaningful advantage. Put another way, great trends are always consumer-centric. You have to listen to what your customer genuinely needs and then translate the capabilities of modern technology into features they will love. Do that consistently well and customers will be singing your praises far and wide.</p>
<blockquote><p>Avoid literal translations of any trend concept or hot idea. It’s hard to differentiate yourself when you merely copy what’s already out there. Think about how a musical score translates notes and sounds into emotions. There are a limited number o notes, but musicians have been arranging them into endless versions of original music for centuries. </p></blockquote>
<p>&#8211;Robyn Waters</p>
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		<title>How to Write and Develop Stories</title>
		<link>http://business.glossika.com/how-to-write-and-develop-stories/</link>
		<comments>http://business.glossika.com/how-to-write-and-develop-stories/#comments</comments>
		<pubDate>Wed, 28 Jan 2009 01:47:55 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Public Speaking]]></category>

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		<description><![CDATA[When you tell a business story, you&#8217;re not aiming to entertain. Your objective is to capture attention, inspire action and produce results. That will only happen if you write and deliver your story for the maximum impact possible. 
Writing Stories for Maximum Impact
The key principles of writing stories for maximum impact are:
Write a story the [...]]]></description>
			<content:encoded><![CDATA[<p><!--adsense#ad_rect_text-->When you tell a business story, you&#8217;re not aiming to entertain. Your objective is to capture attention, inspire action and produce results. That will only happen if you write and deliver your story for the maximum impact possible. </p>
<p>Writing Stories for Maximum Impact</p>
<p>The key principles of writing stories for maximum impact are:</p>
<li>Write a story the way you ordinarily talk. That is, use your normal conversational language rather than trying to follow the rigid rules of composition. If all else fails, tape yourself speaking and then transcribe what you&#8217;ve said word for word without corrections or alterations.
<li>Invest the time required to craft a compelling story by going through your story with a thesaurus in hand looking for the most vivid word choices available. Find words that add some visual spice to your story and that will project full-color mental images to your listeners. This will be painstakingly slow and time consuming, so be patient and allow yourself enough time to do this well.
<li>Brand your message by selecting one key &#8220;phrase that pays&#8221; &#8212; a sound bite that will linger on in the minds of the listeners long after you&#8217;ve finished. You want to give them one, and only one, key thought that they can use to describe your speech to other people. A good phrase will resonate in the minds and hearts for weeks and possibly even months.
<p>To select a good phrase that pays:<br />
Pick one that encapsulates your message succinctly.<br />
Keep it simple &#8212; use only one phrase per story.<br />
Make it short and sweet &#8212; the fewer the words, the better.<br />
Make it rhyme &#8212; like &#8220;Walk Your Talk&#8221;<br />
Use words that are organic and aligned with the story.<br />
Make it alliterative &#8212; like &#8220;Make Your Move&#8221;<br />
Make it a call to action &#8212; like &#8220;Seize the Day&#8221;<br />
Above all, make it memorable</p>
<li>Pay close attention to how you link your openings, your closings and your transitions because how your message flows will influence its impact.<br />
Now that we&#8217;ve covered that point, let&#8217;s move on to&#8230;<br />
Speaking of&#8230;, here&#8217;s another interesting point.<br />
You may be wondering how this relates to you. Well&#8230;</p>
<li>Create a rich cast of characters your audience will genuinely care about by incorporating some vivid visual and audible clues about each into your story. To achieve this:<br />
Describe your character&#8217;s physical attributes<br />
Add information about their emotional make-up<br />
Illustrate some of their personality traits<br />
Vividly describe how they drive, walk, talk, eat, etc.<br />
Use metaphors that are full of color<br />
Use relationship descriptors like a big brother, etc.<br />
Physically act out some of their mannerisms</p>
<li>Incorporate some comedy so people laugh while they learn because the simple fact is that if you want to hold an audience&#8217;s attention, you&#8217;ve got to be funny. When people laugh, they feel better. To enhance your humor content:<br />
Say witty or surprising things your listeners aren&#8217;t expecting<br />
Combine things that normally don&#8217;t fit together<br />
Break patterns with a humorous twist<br />
Use self-deprecating humor<br />
Use exaggeration to create a bizarre situation<br />
Speak irreverently about a corporate pillar<br />
Use the idioms that parents use with their children</p>
<li>Use a sense of drama to build to a key conclusion by going deep into what you felt when confronted by a personal or professional obstacle. By daring to bare your soul and reveal what you felt at a time of great crisis, your audience can feel the anguish of the pain and exhilaration of your victory.
<p>To build a sense of drama into a speech, you have to develop your material thoughtfully and be prepared to practice it again and again. That way, you gradually get a feel for when to be quiet, when to cling to a phrase or when to do other little things to make your speech more effective. If you aspire to being an excellent speaker, be willing to work hard at your craft. Most professional speakers spend about ten hours preparing for every hour they are scheduled to speak.</p>
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		<title>Reengineering Case Studies</title>
		<link>http://business.glossika.com/reengineering-case-studies/</link>
		<comments>http://business.glossika.com/reengineering-case-studies/#comments</comments>
		<pubDate>Wed, 28 Jan 2009 01:39:41 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Management]]></category>

		<guid isPermaLink="false">http://business.glossika.com/reengineering-case-studies/</guid>
		<description><![CDATA[(13503)
Successful reengineering programs undertaken by large and small corporations in the past have these common themes:
1. A focus on processes rather than organizational boundaries
2. The ambition to create breakthrough performance gains
3. A willingness to break with old traditions and rules
4. The creative use of new information technology
Every company&#8217;s reengineering program must be unique if it [...]]]></description>
			<content:encoded><![CDATA[<p>(13503)</p>
<p><!--adsense#ad_rect_text-->Successful reengineering programs undertaken by large and small corporations in the past have these common themes:</p>
<p>1. A focus on processes rather than organizational boundaries<br />
2. The ambition to create breakthrough performance gains<br />
3. A willingness to break with old traditions and rules<br />
4. The creative use of new information technology</p>
<p>Every company&#8217;s reengineering program must be unique if it is to achieve anything substantial. There are no guaranteed-to-work or step-by-step prescriptions that can be followed in reengineering.</p>
<p>Case Study #1&#8211;IBM Credit Corporation</p>
<p>IBM Credit finances the computers, software and services sold by IBM Corporation. Processing a finance application used to take between six days and two weeks as the application wound its way from the credit department to the pricing department to an administrator who wrote out a formal quote letter.</p>
<p>When IBM Credit realized that processing an application actually took only about 90 minutes and the rest of the normal processing time was spent with the application sitting on a pile on a specialist&#8217;s desk waiting to be looked at, they decided to reengineer the entire process.</p>
<p>Here&#8217;s what IBM Credit did:</p>
<li>The four specialists who previously processed the application were replaced by a generalist&#8211;called the deal structurer&#8211;who processed the application from start to end using templates on a new computer system that provided all the data and tools each specialist commonly used.</li>
<li>For unusual cases, the deal structurer can still call on the specialists to provide additional expertise. The specialist and the deal structurer then team up to develop a customized package as required. This happens only rarely, however.</li>
<p>The results of the reengineering program were:</p>
<li>Turnaround time was reduced from a typical 7 days to 4 hours.</li>
<li>Without any increase in staff numbers, IBM Credit has been able to achieve a hundred-fold improvement in productivity&#8211;it can now handle 100 times the number of credit applications handled before reengineering was undertaken.</li>
<p>Case Study #2&#8211;Ford Motor Company </p>
<p>In the early 1980s, Ford looked at its 500-person accounts payable department closely.</p>
<p>It was soon realized that the majority of each employee&#8217;s time was spent tracking down discrepancies between purchase orders, shipping receipts and invoices. Ford decided to reengineer the entire parts procurement process.</p>
<p>Therefore, the steps Ford took were:</p>
<li>An online database was created of purchase orders. Whenever a buyer issued a purchase order, it was entered into the database.</li>
<li>As goods are received at the receiving dock, someone checks the database. If the shipment matches a purchase order, it is received. If the shipment does not, it is not accepted. Therefore, there are no possible discrepancies between what was ordered and what was physically received.</li>
<li>As soon as the shipment is received, the database is updated and a check is automatically generated and issued to the vendor at the appropriate time.</li>
<p>The results of Ford&#8217;s reengineering program were:</p>
<li>Head count in Ford&#8217;s purchasing department fell from 500 people to 125 people; at the same time efficiency improved dramatically.</li>
<p>Study #3-Hallmark</p>
<p>Hallmark totally dominates the U.S. greeting card industry. Despite its success, the company decided to embark on a reengineering program with the objective of reducing the time lapse between noting a new niche market to serving it with a card on the retailer&#8217;s shelf. (At that time, it took 2&#8211;3 years to get a new line of greeting cards from concept to market. The company was making about 50,000 revisions to designs each year, and Hallmark had no accurate way of finding out what was selling well and what was not).</p>
<p>In essence, Hallmark looked to reengineering as a pre-emptive competitive strike rather than as a response to a bad situation.</p>
<p>To reengineer, Hallmark took these steps;</p>
<li>A reengineering team was set up, staffed by some of the company&#8217;s best and brightest employees.</li>
<li>Three key objectives were articulated:</li>
<p>1. To reduce new product development time to 1 year<br />
2. Produce products buyers and retailers would love<br />
3. To reduce costs with improvements in quality</p>
<li>100 employees were appointed to nine teams, each of which addressed a specific &#8220;leverage point&#8221;&#8211;the critical parts of the business that needed to be changed. These teams came up with 100 recommendations, 12 of which were chosen for a pilot project.</li>
<li>The pilot program:</li>
<p>1. Captured sales data at the point-sale.<br />
2. Communicated actual sales data throughout the company.<br />
3. Formed cross-department groups to develop new cards.<br />
4. Eliminated entirely old style review processes.</p>
<li>Once it became clear the pilot program was generating impressive results, the reengineering initiatives were put into action company wide.</li>
<p>Case Study #4&#8211;Taco Bell</p>
<p>In 1983, the Taco Bell subsidiary of PepsiCo had fewer than 1,500 restaurants and $500 million in total sales. The company had stalled, with little or no growth over the previous five years.</p>
<p>To reengineer, Taco Bell did these things:</p>
<li>The customers were asked what they wanted. The company assumed they wanted bigger and better restaurants. The customers said all they wanted was &#8220;good food, served fast and hot, in a clean environment, at a price they could afford.&#8221;</li>
<li>A decision was made to reduce the costs of everything about the business except the cost of the food and its packaging.</li>
<li>A vision of the company as a leader in the restaurant business and not just the Mexican food business was articulated.</li>
<li>The management process was completely and dramatically reengineered&#8211;three layers were eliminated, including the entire &#8220;district manager&#8221; supervisory level. Every job in the system was redefined. Restaurant managers were given greater latitude to run their own businesses, and ultimately became &#8220;Restaurant General Managers.</li>
<li>Taco Bell reengineered the way its buildings were designed. Before 1983, the typical Taco Bell was 70 percent kitchen and 30 percent customer area. Since 1983, that ratio has reversed&#8211;new Taco Bells are 30 percent kitchen and 70 percent customer area.</li>
<li>Taco Bell reengineered its marketing to become value-driven.</li>
<li>Taco Bell developed ways to pre-cook the food centrally so that restaurants could concentrate on retailing rather than manufacturing.</li>
<li>Taco Bell introduced new management information systems using the latest technology to keep track of sales minute by minute.</li>
<li>The company introduced a new performance measurement called &#8220;the total share of stomach.&#8221; Instead of measuring success as market share of the fast-food market, Taco Bell set the goal of becomeing the value leader for all foods for all meal occasiond. That created a broader vision and stimulated the development of new innovations.</li>
<p>As a result of these reengineering programs:</p>
<li>Taco Bell has grown from 1,500 restaurants in 1983 to 3,600 in 1993.</li>
<li>Turnover has increased from $500 million in 1983 to $3 billion 10 years later&#8211;an increase of 22 percent per year.</li>
<li>Profit has grown at a rate of 31 percent per year over the same period.</li>
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		<title>Soul is one of those concepts that, like beauty, evaporates&#8230;</title>
		<link>http://business.glossika.com/soul-is-one-of-those-concepts-that-like-beauty-evaporates/</link>
		<comments>http://business.glossika.com/soul-is-one-of-those-concepts-that-like-beauty-evaporates/#comments</comments>
		<pubDate>Wed, 28 Jan 2009 01:04:55 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Quotes]]></category>

		<category><![CDATA[Handy]]></category>

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		<description><![CDATA[Soul is one of those concepts that, like beauty, evaporates when you try to define it, but like beauty it is instantly recognizable when you meet it. 
&#8211;Charles Handy



]]></description>
			<content:encoded><![CDATA[<blockquote><p>Soul is one of those concepts that, like beauty, evaporates when you try to define it, but like beauty it is instantly recognizable when you meet it. </p></blockquote>
<p>&#8211;Charles Handy</p>
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		<title>S: Soul</title>
		<link>http://business.glossika.com/s-soul/</link>
		<comments>http://business.glossika.com/s-soul/#comments</comments>
		<pubDate>Wed, 28 Jan 2009 01:02:08 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Innovation]]></category>

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		<description><![CDATA[(14619)
A good trend has soul—an undefinable element of energy, excitement, excellence and desirability.
Products with soul somehow mean more than what they are. There’s an extra something there that you can’t quite put your finger on but that makes them easy to fall in love with and highly desirable. Similarly, a tend with soul connects with [...]]]></description>
			<content:encoded><![CDATA[<p>(14619)</p>
<p><!--adsense#ad_rect_text-->A good trend has soul—an undefinable element of energy, excitement, excellence and desirability.</p>
<p>Products with soul somehow mean more than what they are. There’s an extra something there that you can’t quite put your finger on but that makes them easy to fall in love with and highly desirable. Similarly, a tend with soul connects with people at a special level, and lifts products from the ranks of mediocrity up onto a pedestal of sorts.</p>
<p>Interestingly, products with soul can be big or small, cheap or expensive, elegant or simple, useful or frivolous. Some examples of products that have soul would include the Hummer, the Mini Cooper, the iMac, the iPod, Harley-Davidson motorcycles, In-and-Out burgers, OXO garlic presses, Breitling watches and even Jones Soda. All of these products attract enthusiasts who rave about them far beyond the realms of their functionality. The presence of soul somehow these products a life o their own.</p>
<blockquote><p>Can you find soul in your product or organization? If you’re not sure that you’ll know it when you see it, then go out of your way to hire people who will. People with soul follow their bliss. They can turn walls into doors. They are authentic, passionate, optimistic, and driven to deliver the best products and experiences possible. Their rarity makes them easy to identify. </p></blockquote>
<p>&#8211;Robyn Waters</p>
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		<title>The Characteristics of a Reengineered Corporation</title>
		<link>http://business.glossika.com/the-characteristics-of-a-reengineered-corporation/</link>
		<comments>http://business.glossika.com/the-characteristics-of-a-reengineered-corporation/#comments</comments>
		<pubDate>Tue, 27 Jan 2009 01:32:33 +0000</pubDate>
		<dc:creator>office</dc:creator>
		
		<category><![CDATA[Leadership]]></category>

		<category><![CDATA[Strategy]]></category>

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		<description><![CDATA[(13502)
Reengineering initiatives typically lead to a business organization with these characteristics:
1. Business processes are simplified rather than being made more complex. 
2. Job descriptions expand and become multi-dimensional.
3. People within the organization become empowered as opposed to being controlled.
4. The emphasis within the organization moves away from the individual and towards the team&#8217;s achievements.
5. The [...]]]></description>
			<content:encoded><![CDATA[<p>(13502)</p>
<p><!--adsense#ad_rect_text-->Reengineering initiatives typically lead to a business organization with these characteristics:</p>
<p>1. Business processes are simplified rather than being made more complex. </p>
<p>2. Job descriptions expand and become multi-dimensional.</p>
<p>3. People within the organization become empowered as opposed to being controlled.</p>
<p>4. The emphasis within the organization moves away from the individual and towards the team&#8217;s achievements.</p>
<p>5. The organizational structure is transformed from a hierarchy to a flatter arrangement.</p>
<p>6. Professionals become the key focus points for the organization, not the managers.</p>
<p>7. The organization becomes aligned with the end-to-end process rather than being focused on departments.</p>
<p>8. The basis for measurement of performance and compensation moves away from activity towards results.</p>
<p>9. The role and purpose of the manager changes from supervisor to coach.</p>
<p>10. People in the organization no longer worry about pleasing the boss&#8211;they focus instead on pleasing the customer.</p>
<p>11.The organization&#8217;s value system transforms from being protective to being productive.</p>
<p>Reengineering is not solely about creating new business processes&#8211;it focuses on creating a new company. </p>
<p>Taking each of these points in turn, in a reengineered company:</p>
<p>1. Business processes are simplified rather than being made more complex.</p>
<p>Companies that reengineer invariably end up dismantling departments and instead put together process teams that handle work logically rather than within the artificial department constraints. Inevitably, the process team approach will be more logical and make more sense than any other approach.</p>
<p>Process teams within a reengineered organization can be of any shape or size. The work to be done dictates the optimum size and structure of the process team&#8211;not any artificial constraints, preferences of the managers or external factors.</p>
<p>2. Job descriptions expand and become multi-dimensional.</p>
<p>Before reengineering, a worker may perform one task repetitively all day every day, without ever giving thought to the big picture perspective of what is being created.</p>
<p>After reengineering, the worker is part of a process team that has full responsibiliy for the entire process. In that situation, every team member has an appreciation and familiarity with each step in the process, and will more than likely be required to perform several of those steps at different times. Thus, work becomes multi-dimensional, more rewarding and more closely linked with the end result. There&#8217;s ownership in the process output.</p>
<p>3. People within the organization become empowered as opposed to being controlled.</p>
<p>Reengineered companies don&#8217;t want people who follow the rules&#8211;they value employees who can set their own rules to achieve results. Therefore, reengineered companies look for employees who are self-starters, self-disciplined and who are motivated to achieve.</p>
<p>Another way of looking at empowerment is to consider what happens when a supervisor visits an employee. In a traditional company, the real work screeches to a halt while the employee focuses on satisfying the supervisor. By contrast, in a reengineered company, the employee is thinking, interacting, using judgment and making decisions on the basis of what will create a satisfied customer. The supervisor becomes a resource towards that objective.</p>
<p>4. The emphasis within the organization moves away from the individual and towards the team&#8217;s achievements.</p>
<p>Reengineering effectively removes the artificial boundaries put there by department structures. Instead of being focused on a single aspect of the delivery of value, a process team is formed that assumes total and complete ownership of the process.</p>
<p>Teams may be structured in many different ways:</p>
<li>As case teams which handle recurring tasks</li>
<li>As process or virtual teams&#8211;for as long as required</li>
<li>As one-person teams</li>
<p>5. The organizational structure is transformed from a hierarchy to a flatter arrangement.</p>
<p>In the team environment made possible by reengineering decisions are made on a consensus basis rather than by a manager. That has the indirect effect of reducing a manager&#8217;s role&#8211;and their need to be part of the loop.</p>
<p>Invariably, organizational structure is less of an issue at reengineered companies than industrial-age organization. Equally, that leads to a flattening of the traditional management structure. With work being organized around processes and teams, the organizational structure becomes a secondary issue.</p>
<p>6. Professionals become the key focus points for the organization, not the managers.</p>
<p>Reengineering will always change the boundaries between different kinds of work. In the past, the past, the roles filled by the manager&#8211;checking, reconciling, monitoring and tracking&#8211;would most likely have been at the center of operations.</p>
<p>After reengineering, the creation of value becomes the main focus point. As such, the people who do that most effectively will become the center of focus. Teams will do whatever is required to maximize the efficiency of professionals with the skills applied.</p>
<p>Overall, it&#8217;s a more positive approach to business. Invariably, mush of what managers did in the past was unproductive but considered necessary to maintain order. Reengineered teams have a totally different approach people are working because they&#8217;re motivated to achieve.</p>
<p>7. The organization becomes aligned with the end-to-end process rather than being focused on departments.</p>
<p>When a process team assumes responsibility for performing a job, the organization as a whole becomes focused on results rather than activity. There&#8217;s also a greater sense of completion and achievement for the workers because they can identify directly with a result they care about. That also encourages growth and learning for the team members.</p>
<p>8. The basis for measurement of performance and compensation moves away from activity towards results.</p>
<p>Instead of being paid for their time, workers in a reengineered company are paid for their results achieved. Most often, this tends to be structured as a base salary and a performance-based bonus&#8211;which can grow to a substantial level if outstanding results are achieved.</p>
<p>In reengineered organizations, performance is measured solely on the basis of the added value created. The compensation system recognizes and rewards that value creation process.</p>
<p>In the reengineered business environment, advancement from one position within the company to another is not given as a reward for previous results. Instead, it&#8217;s entirely ability driven.</p>
<p>9. The role and purpose of the manager changes from supervisor to coach.</p>
<p>Process teams don&#8217;t need bosses&#8211;they need coaches. A boss allocates work. A coach helps the team solve problems, and facilitates achievement by providing the requisite resources and other inputs. In short, managers in reengineered companies take pride in the accomplishments of the teams they are responsible for assisting.</p>
<p>10. People in the organization no longer worry about pleasing the boss&#8211;they focus instead on pleasing the customer.</p>
<p>In the industrial-age companies, the average employee&#8217;s attitude was: &#8220;My boss pays my salary and determines whether or not I get promoted. Therefore, I&#8217;ll concentrate on keeping him happy.&#8221;</p>
<p>In a reengineered company&#8217;s process team, the attitude becomes: &#8220;Customers pay my salary. I&#8217;m not paid just to turn up. I get paid according to the amount of added value I create. Therefore, to make more, I&#8217;ve got to create more satisfied customers.&#8221;</p>
<p>11. The organization&#8217;s value system transforms from being protective to being productive.</p>
<p>In a protective organization, every manager wars with every other manager over issues like blame for problems, jurisdiction, fault and allocation of resources.</p>
<p>In a productive, reengineered company, everything in the value system is centered around the creation of customer value. Everything is aligned with and judged by that criteria alone:</p>
<li>The way people are paid</li>
<li>The way performance is evaluated</li>
<li>The way promotions are made</li>
<li>The way people actually spend their time</li>
<p>Changing corporate value systems is always going to be a big part of any reengineering program.</p>
<p>Most companies that have successfully navigated reengineering programs find there are five key roles that need to be filled:</p>
<p>                                    Leader<br />
                                        ↓<br />
                               Process owner<br />
                           Reengineering Team<br />
                               ↑                    ↑<br />
           Steering Committee    Reengineering Czar</p>
<p>Ideally, the Leader will appoint the Process Owner, who will convene a Reengineering Team to reengineer the process, with assistance from the Czar and under the auspices of the Steering Committee.</p>
<p>The Leader&#8211;must be a senior executive of the organization who has enough clout to cause the whole organization to turn itself upside down and inside out while reengineering occurs. The leader must also be a consensus builder&#8211;persuading people to accept the disruptions reengineering will bring.</p>
<p>The Process Owner&#8211;will usually be a senior manager (often with line responsibility) who has prestige and credibility. The process owner will make reengineering happen at the individual process level. Most often, process owners are already intimately familiar with one of the functions involved in the process that will undergo reengineering.</p>
<p>The Reengineering Team&#8211;carries out the heavy lifting. These people actually get their hands dirty figuring out the nuts and bolts of the nuts and bolts of the reengineered process. The best teams have between five and ten members&#8211;a mix of outsiders (people who don&#8217;t currently work in any of the functions being reengineered) and insiders (people who do work in those areas).</p>
<p>The Steering Committee&#8211;is a broadly based collection of senior managers of the organization who:</p>
<li>Set priorities for the Reengineering Team</li>
<li>Decide the allocation of resources</li>
<li>Resolve any conflicts that arise</li>
<li>Monitor the results achieved</li>
<p>The Reengineering Czar&#8211;is responsible for management and coordination of all the reengineering teams working within the organization. In effect, the Czar keeps hands-on tabs on the state of play in each reengineering initiative, and provides that perspective to the leader. The Czar acts both as a resource to each reengineering team and as a custodian of the bigger picture issues.</p>
<p>The key points to keep in mind about this structure are:</p>
<li>Processes, not organizations, are the object of reengineering. Therefore, companies don&#8217;t reengineer their sales or manufacturing departments&#8211;they reengineer the work these departments do.</li>
<li>Information technology is the main enabler of reengineering processes. That will deliver marginal improvements at best. Instead, reengineering is focused on breakthroughs&#8211;quantum leaps forward.</li>
<li>Reengineering is never focused on fixing old processes. That will deliver marginal improvements at best. Instead, reengineering is focused on breakthroughs&#8211;quantum leaps forward.</li>
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