I was sitting in a Board meeting when it hit me right between the eyes…
The discussion centered on a recent successful project and one of the Board members asked a staffer, “What was the one single thing that made this project successful?” As the staffer paused to consider her answer, he asked her the question again.
And, that’s when it hit me.
I’ve heard this question asked so often recently as though there should be one single answer, one silver bullet, one Holy Grail of Success.
Truth is, there are many reasons why a project, company or brand is successful. But, we love the simplicity of “the one thing” because we’re a McInstant society that wants success now - the easy way, success overnight, big money now and all of that immediate “good life” stuff that’s fueled by the stories of success in the media.
But, the media only gets it half right.
And, that’s when I realized “The Power of And”…
I realized that while we all want the simplistic answer, it’s the power of a strong idea and great products and a strong team and a growing market and effective communications and lean sytems and processes and strong leadership that make it work.
Strong companies harness “The Power of And” by creating a deep understanding of who they are and the value they bring and deep knowledge of their customers and creative solutions and a focus on innovation and a value of people development and trustworthy actions and responsive service.
“The Power of And” means that you have a such a strong foundation that your competition can’t knock you out just because you have “one thing.” No, you’re stronger than that because of “And.”
Next, I took a walk through Brand Land…
So, I decided to go through my case studies, interviews and reference materials to see the “Ands” that have made the top brands successful. I decided to look at the mass merchandising segment - one we’re all familiar with.
What I discovered is so powerful. Take a look at thes “Ands:”
Wal-Mart: Strong inventory control and EDLP (everyday low price) and Strategic store locations (Three out of four Americans live within 15 minutes of a Wal-Mart) and Technology driven logistics and a Vast Product Selection.
Best Buy: Electronic products with a larger product selection and Better quality than Wal-Mart and a High service level and an Easy Return Policy and Great Service and a Beeper Device if you’re waiting for equipment.
Target: Designer Clothes, Products (Cooler Products than Wal-Mart) and Low Prices and Attractive store layouts with wider aisles and Fun, cool advertising and Good locations and Higher grade products and Fast check-out (A company policy that says when there are more than two people in line, more check-outs are opened) and Cross-trained staff.
Costco: Membership based and High-end, status products and Unusual, unique products and bargain prices and volume buying power and Small Business Owner focus and Seasonal merchandising skills and Quality private label (Kirklands) and a No frills, easy in and out store layout.
Then I realized something even more powerful…
If every Small Business Owner and every business reporter stopped looking for the “one single thing” and started looking to develop the “Ands” for their company, we’d see a lot more success in business.
I realized that if I listed the 10 “Ands” that make Inside Small Biz successful and built a plan to strengthen each of those “Ands,” then my success would be guaranteed.
Each of the “Ands” needs to be a critical foundational piece, of course, and you need to carefully select the items - input from your customers would be very helpful.
Next time, I’ll share my list of the 10 Powerful “Ands” for Inside Small Biz and we’ll see how we can strengthen them and guarantee our success.
Comment here and let me know what your “Ands” are…talk to you soon. Kae
“Do what counts everyday and everyday will count.”