Belief is more powerful than proof

In fact, the only use of proof is to have a shot at creating belief.

It's not the only way, though, and it's not always the best one either.

EMBA的小眼睛 發表在 痞客邦 留言(0) 人氣()

Two kinds of loyalty

The first kind of loyalty is the loyalty of convenience.

I'm going to look around, sure, but probably won't switch. Switching is risky, it's time consuming. Switching means a new account manager or moving my software or reprinting something. Switching means I might make a mistake or lose my miles or have to defend a new decision.

Corporations are getting ever better at building this sort of loyalty.

Then there's the other kind of loyalty. This is the loyalty of, "I'm not even looking."

This is the loyalty of, "I'm the kind of person that sticks with people who stick with me." This is the loyalty of someone who doesn't even want to know that there's a better deal somewhere else, because, after all, he's in it for the long haul.

The problem with the loyalty of convenience is that the customer is always tempted to look and look some more, and the vendor is always working to build barriers, barriers that don't necessarily increase satisfaction, but merely build a wall of hassle around the (now) trapped customer.

We don't have an common marketing term for this sort of feeling, but 'stuck' comes to mind.

The beauty of the second kind of loyalty, the loyalty of identity and satisfaction, is that the person who isn't even looking is committed, as committed to the relationship as the vendor is. You earn this sort of loyalty, you don't architect it.

You can only focus at creating on one sort of loyalty at a time, true?

EMBA的小眼睛 發表在 痞客邦 留言(0) 人氣()

Entrepreneurship => impact

Innovation is something else entirely. Many entrepreneurs use an innovation to make an impact, but the hard part, the part that we're rewarded for, is engaging with the user, the audience, the market. Bringing something to people who didn't think they wanted it, know about it or initially welcome it, and make a difference.

One reason it's so difficult to teach entrepreneurship is that we're not teaching tactics or skills. We're not teaching spreadsheets or finance or even marketing. No, when we encourage entrepreneurship, we're actually trying to get people to the place where they care enough and where they are confident enough to stand up and try to make things change.

Don't tell me what you invented. Tell me about who you changed.

EMBA的小眼睛 發表在 痞客邦 留言(0) 人氣()

"How deep is this water?"

If it's over your head, does it really matter?

At some point, when the stakes are high enough and your skills and desires are ready, you will swim.

And when you swim, who cares how deep the water is?

[You might find that deeper water is actually calmer and easier to swim in...]

EMBA的小眼睛 發表在 痞客邦 留言(0) 人氣()

 

Patrons and assistants wanted

Wouldn't it be great if you had a patron who would pay for you to have the time to be your best creative self?

And assistants to worry about all the details of your messy life?

This is the business school model of success. The industrial age taught executives that patrons (bosses, shareholders, large banks) would pick us and pay us, and that workers (cogs, assistants, functionaries) would do what we told them to do. All you had to do was find the first and you could hire the second.

In an economy based on art and connection and innovation, though, the first is hard to find, and the second is worth less than you might imagine--you still have do all the leaping yourself.

The goal is to be on the hook, not to let someone else do the scary parts.

EMBA的小眼睛 發表在 痞客邦 留言(0) 人氣()