Tuesday, December 31, 2013
Ken Jennings: Watson, Jeopardy and me, the obsolete know-it-all
Trivia whiz Ken Jennings has made a career as a keeper of facts; he holds the longest winning streak in history on the U.S. game show Jeopardy. But in 2011, he played a challenge match against supercomputer Watson -- and lost. With humor and humility, Jennings tells us how it felt to have a computer literally beat him at his own game, and also makes the case for good old-fashioned human knowledge.
Tuesday, December 17, 2013
Our customers are empowered and we can’t control that
Consumers are absolutely empowered through technology now.
That means our customers are as well. It has happened and it is a fact. We
can’t control that. Sorry to point that out but that is our starting reality.
They know they have influence. Do we know they have
influence?
Our customers know they have voice that is powerful. They
know they have more power than ever before. Do we know that they do and do we act
like it?
If you a member of the C-Suite or executive team, did you
receive a report today alerting you to what your customers or clients said
about you on Facebook, your call center, Twitter, YouTube, Tumblr, Blogs,
Pinterest, etc. (the list is ever evolving). Do you receive it every day? Do
you get weekly, monthly, quarterly and annual summaries? Have you engaged with
any of them personally yourself? If not, it is a reasonable question why isn’t
that important to you?
Even if we aren’t seeing it, other customers (or potential customers)
are seeing what is going on. They are forming an opinion of us based on those
comments. We can’t control what is being said. We can control how we will react
in real time about it. We can control changing the experience in the future.
Say a customer has a bad experience on your web site and
they tweet about it. Do we think others have had the same experience and
haven’t said anything? You bet they have. Do we think others will find the same
thing and either say something or not in the future? Yes they will find it and
yes they will say something or not. There is no hiding. If there is one
horrible review out there, they will find it and not the 100 positive things
others have said about us.
Companies are beginning to listen to what is being said on
social media and respond to it if they can. It does require a commitment of
resources but it is not going away. More and more customers (or potential customers)
are going to share the good, the bad and the ugly about their experience with us.
Have you started to shift resources into engaging on social
platforms? How does that compare to your investment in your call center? Is
your call center and social media center integrated in the approach you want
your customers to have? We have to manage our online reputation.
What are our customers going to align with if we don’t first
define the experience up front? What do we want them to be a part of? Now is
the time to invest more in the experience rather than improve how the sales
transaction occurs. Our future as executives is in
creating programs that scream out in splendor. It is about experiences that
kindle meaningful and sincere interactions at every turn. At the center of our
evolution (or is it a revolution) is the experience. The experience is
everything now.
Saturday, December 7, 2013
Are your customer experiences intentional?
What does the future of your business look like? Is it
focused on your mission AND
design?
The premise of this manifesto is all about being intentional
about the experiences your customers are having.
How many products and services do you have? How many
channels (Web, Social, Mobile, Call Center, Direct Mail, etc.) are you focused
on? Do they all have a unified design and experience?
Mission +
Design = Intentional experiences
We are clear about our mission. Are we clear about our
design?
If not, we aren’t ready to be the digital executive of the
future. If we aren’t ready to be a digital executive, we aren’t ready for the
future. If we aren’t ready for the future, will we have a relevant job 5 to 10
years from now? Tough questions I know but worth considering.
So here are a couple more of intriguing questions:
- How do we ensure that our customers
are having an amazing experience?
- Why make customers cope with the
ordinary?
- Why aren’t customers more
engaged with both your mission and revenue opportunities?
Our focus and day to day work should be about creating “customer
experiences” in this new age of consumerism. What is going on in the rest of
the world isn’t lost on your customers. They are judging you based on those
experiences. We can bury our head in the sand. That will only get us left
behind. Your credibility as an executive is at stake.
Consumers expect more from businesses more than ever before.
So our products and services have a level of expectation that our business may
not be aware of. How does the experience your customers are having compare
to USAA for example? Do you know?
Here is the harsh reality. Customers not only expect better
experiences, they believe they are absolutely entitled to them. Will we
be intentional in delivering on those expectations? Are we ready to get left
behind with stagnant growth if we don’t deliver those customer experiences? We
may not be ready for that but it may already be happening. I encourage you to think
about it. It is a good question to ponder.
There is a unique opportunity to create amazing and positive
experiences at our stores, on the web, at your call center (if you have one),
on smart phones and in our direct mail pieces. Are all of those unified? Is the
experience amazing?
That amazing or ordinary (or perhaps even bad) experience
will be how your business is measured in terms of satisfaction or even our revenue
success. Do you know how your customers feel about the experience they are
having with your company? If not, why not? Are you being intentional about that
experience they just had at your store? Is it consistent with the experience
they want on your web site?
As an executive, you have an amazing opportunity to lead the
charge regardless of your role. If you do, you will be a hero.
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