Creating a culture of risk-taking

Commerce and Creativity SeriesWe need to continue to adopt a business culture of risk-taking. But how can some companies transform the same marketing tactics that is available to all of us into authentic branded experiences, while others simply follow the leader?

There are many variables involved in creating a business culture of risk-taking, sometimes it is based on the single idea from the president of your company who is a visionary, while for other companies there is a product (a chemical like the sticky back in the post-it note) that is begging for a person to come along and find a use for this chemical. And, sometimes it is just the sign of times when all things come together; the technology, the person and the idea and we get the iPad.

But closer to home, let’s say that you are a medium-sized company that manufactures food service products; say a hot case for grocery stores or a small local shop that sells clothing, where do you go from here?

We start with management.
When management is frustrated with the level of innovation and commitment from their staff, it is usually management that refuses to acknowledge that their communication and management styles are not progressive. For example, creating an open-door policy where everyone in the company feels comfortable to discuss their ideas in an effort to create risk-taking as part of the company’s environment.

This means you are listening to a lot of people, which gives you the opportunity to be at the right time to hear that great idea, giving you the break to make it right!

It does not belong to you.
If owners of small companies have one major fault it is that they treat their business like it is a family member. How does this attitude help your employees in seeing their future or more important, the future of ‘your’ company? How can they possibly get it right if they are dealing with a family member? It creates an environment of staleness and suspicion. Let it go and be open to employees providing business solutions and constructive changes and watch your company grow.

Loyalty is overrated
If I had a dollar for every time I heard from a small business owner that their most prized trait they value from their employee is loyalty, I would be, well…, I would have $250.00.

Anyway, employee loyalty is just over-rated.

Accept that you are not Microsoft or Google and let’s go from there. Still not convinced? Ask your employees how many times they applied to your company and how many times they’ve sent their application to these companies, now get the idea?

You have two options, create employee branding programs and hire people who love your product. If not, you will have employees that just work for the pay-cheque.

Happy marketing! 
Cecilia
This is part of our Commerce and Creativity Series.

Creativity has to start somewhere…

Commerce and Creativity SeriesCan anyone really define the creative process? Does it take a specific environment, two people with opposing talents or a single vision to create that unique product that will help to define a certain century?

Or, what about your marketing department, what is your expectation from this department in innovation, competitive insight, forecasting trends, or tactical design to help you shorten your sales cycle, enter a new market successfully, product development or win a large client?

Lately, I’ve heard a lot about creativity and how it is an important element for North American business to stay competitive. But, can business create standardization for this personality trait as a core competency to drive business performance?

The short answer is yes and no.

No one can standardize creativity; it is as unique as our thumb print.

What a company can do is develop an environment that allows for creative thinking, tinkering and exploring to find the next great product, update a service or design a marketing strategy plan that will keep you ahead of the competition but…, like everything else it is not without challenges.

Creativity: Did you hire right?
The most important factor you need to consider is if you want to develop the core competency for your business on creativity, then creativity will be a variable. Meaning, your core competency is dependent on the people you hire and sometimes your best people will move to the competition or start their own business leaving your business on a low scale of creativity.

The interesting part is that most companies love to hire the ‘30 year veteran’ who knows the industry and has a solid network but what does that do for creativity?

Next time you enter your sales or product meeting, look at your staff and ask yourself one question; “did I hire people who fit my company or did I hire to develop a creative standard as my core competency”?

Creativity: The ‘Me Too’ Business
There are many “me too” businesses that run their business on best price. However, this is a short-term strategy and will eventually hurt the company as they find themselves dropping the price to a point where they eventually lose profits.

This type of business is actually marketing focused; it should be positioned as a marketing driven company and not a sales driven company. So, hire well!

Creativity: Management leads the way
I hear often from senior management, “My staff is like clockwork. They come in on time and leave on time.”

And, what does management do about it? Sometimes they create ambiguity thinking this type of environment will keep employees doubtful about their job security and as a result will work harder. You may get results but this too is short-lived.

If you want the creative juices flowing from your staff then throw something new into the mix. Not ambiguity rather consider a new project, even as simple as creating a seminar as a trade show will allow for new traits to develop from your staff.

Happy Marketing!
Cecilia
This is part of our Commerce and Creativity series.