Tuesday, September 4, 2007

i-TFTD #53: How Satisfied Are Your Customers?

i-TFTD #53: How Satisfied Are Your Customers?

A little boy went into a drug store, reached for a soda carton and pulled it over to the telephone. He climbed onto the carton so that he could reach the buttons on the phone, and proceeded to punch in seven digits. The store owner observed and listened to the conversation:

The boy asked, "Lady, can you give me the job of cutting your lawn? The woman replied, "I already have someone to cut my lawn."

"Lady, I will cut your lawn for half the price of the person who cuts your lawn now," replied the boy. The woman responded that she was very satisfied with the person who was presently cutting her lawn.

The little boy found more perseverance and offered, "Lady, I'll even sweep your curb and your sidewalk, so on Sunday you will have the prettiest lawn in all of North Palm beach, Florida."

Again the woman answered in the negative. With a smile on his face, the little boy replaced the receiver.

The store owner, who was listening to all this, walked over to the boy and said, "Son, I like your attitude. I like your positive spirit and would like to offer you a job."

The little boy replied, "No, thanks, I was just checking my performance on the job I already have. I'm the one who is working for that lady I was talking to!"

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Other than the message on verifying customer satisfaction, this story teaches us:
-Lateral thinking on the boy's part -- he inverted the concept of holding on to a customer by actually trying to tempt her to change, but with low risk as there was no real danger

-Curiosity and helpful nature of the shopkeeper helped him learn a great lesson from a small boy
-Clarity of the lady in valuing her trusted service provider rather than shopping around for a cheaper option

Monday, September 3, 2007

i-TFTD #52: The New Gabbar Singh?

When we were young kids growing up in America, we were told to eat our vegetables at dinner and not to leave them. Mothers said, "Think of the starving children in India and finish the dinner."

And now I tell my children: "Finish your maths homework. Think of the children in India who would make you starve, if you don't."

-Thomas Friedman in "The World Is Flat"
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Gabbar Singh is the iconic dacoit villain of the blockbuster Bollywood movie, "Sholay". His dialogues in the movie were memorized by everyone. One of them had to do with what mothers in nearby villages told their kids in order to make them finish dinner and go to bed, "… nahin to Gabbar Singh aa jaayega!"

Friday, August 31, 2007

i-TFTD #51: The Essence of Trust

i-TFTD #51: The Essence of Trust

A little girl and her father were crossing a bridge. The father was kind of scared so he asked his little daughter, "Sweetheart, please hold my hand so that you don't fall into the river." The little girl said, "No, Dad. You hold my hand."

"What's the difference?"  asked the puzzled father.

"There's a big difference," replied the little girl. "If I hold your hand and something happens to me, chances are that I may let your hand go. But if you hold my hand, I know for sure that no matter what happens, you will never let my hand go."

In any relationship, the essence of trust is not in its bind, but in its bond.

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While the story itself is good, its concept may be applicable to other areas. Some managers say, "I have clearly told my team that I am available for any help. If they need help they will ask. If they don't ask, it's their fault." Another manager might periodically sit with members of the team, actively identifying areas where help could be provided and thus show the willingness as well as the ability to help. When they see this a few times, it makes all members of the team feel safe to seek help.

Tuesday, August 28, 2007

i-TFTD #50

i-TFTD #50

#50-1. Often, fear is a payment made on a bill that never came due.
-Anon

#50-2. My dad always used to say, "If you are falling off a cliff, you may as well try to fly. You have nothing to lose."

-Captain John Sheridan

#50-3. Avoiding danger is no safer in the long run than outright exposure. The fearful are caught as often as the bold.
-Helen Keller

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I think each of us is bold and courageous in some things and hesitant when it comes to some other things. The trick is to know which things should belong in which category.

Anticipating potential problems and taking steps to prevent them is useful, persistent anxiety about the future is not.
Risk assessment is useful, risk avoidance is not.
Weighing of facts, data and available options is useful, "analysis paralysis" out of vague fear is not.
Dwelling on actions one can take is useful, brooding on things beyond one's control is not.

Monday, August 20, 2007

i-TFTD #49: Ben Franklin's 12 Rules of Management

i-TFTD #49: Ben Franklin's 12 Rules of Management

Ben Franklin's 12 Rules of Management

Benjamin Franklin in his early years was a manager. This information may surprise those who have come to associate the bespectacled statesman solely with the patriots who founded the United States of America.

According to some, the roots of America's current business success lie in the principles embodied more than 200 years ago in the life of Franklin, the founding father of American business. His life exemplifies the innovation, technology and ingenuity that have propelled the American economy to unprecedented heights in recent years. Andrew Carnegie, Lee Iacocca, Stephen Covey and Warren Buffet have all acknowledged a debt to Franklin.

What follows is a summary of his 12 rules of management, an ideal for lifelong learning that is as pertinent to managers today as it was in the 18th century. It is excerpted from the book, "Ben Franklin's 12 Rules of Management" (highlights are mine).

1. Finish better than your beginnings.

2. All education is self-education.

3. Seek first to manage yourself, then to manage others.

4. Influence is more important than victory.

5. Work hard and watch your costs.

6. Everybody wants to appear reasonable.

7. Create your own set of values to guide your actions.

8. Incentive is everything.

9. Create solutions for seemingly impossible problems.

10. Become a revolutionary for experimentation and change.

11. Sometimes it's better to do 1,001 small things right than only one large thing right.

12. Deliberately cultivate your reputation and legacy.

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These remind us once more that great thoughts and useful tips have been available for us for a long, long time. Application will give results, not just reading or remembering.

For instance, once you truly accept that everyone wants to appear reasonable, you are less likely to feel anger or irritation at someone's behaviour. "Finish better than your beginnings" can be applied at a project level (what have you learned, what have you contributed, what relationships have you built) or even at a life level (most of us begin at a different starting point than, say, the Ambani brothers, but more important is what we make of our lives and where we go in relation to our starting point).

Thursday, August 16, 2007

i-TFTD #48

i-TFTD #48

#48-1. The only thing I like about the stones that come in my way is once I pass over them, they automatically become my milestones.

-Anon

#48-2. The barriers are not erected which can say to aspiring talents and industry, "Thus far and no farther."
-Ludwig van Beethoven

#48-3. I knew from feelings that I had to do something. And I did it. And I did it well. I did what made me feel better tomorrow even though it was very, very painful at the time. The result was beneficial. Do those things today that feel good tomorrow.

-Thomas D. Willhite

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I have noticed that most people seem happy when talking of adverse situations from the past, rarely when they talk of comfortable, happy situations. Tough problems, once we solve them, seem to become permanent sources of energy for us. Shouldn't we eagerly seek out more such situations?

If a barrier between us and a desired goal seems too strong and frustrating, maybe our aspiration is not strong enough? Maybe we are not ready to reach that destination yet and should find an intermediate goal.

The third is profound. Feel good (at a higher level of self awareness) in knowing that you will feel good tomorrow though it is not feeling good (at a literal level) doing something now. If only we could practice this daily…

Monday, August 13, 2007

i-TFTD #47

#47-1. Not to do what you feel like doing is Freedom.
-Swami Chinmayananda

#47-2. We cannot live for ourselves alone. Our lives are connected by a thousand invisible threads, and along these sympathetic fibers, our actions run as causes and return to us as results.
-Herman Melville

#47-3. Happiness is a perfume you cannot pour on others without getting a few drops on yourself.
-Og Mandino

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I normally avoid clubbing quotes on the same subject but the above three just happened to be related. What I like about them is they provoke thoughts in a logical sequence. My initial reaction to the first statement was, "How can that be?" The second quote hints at the answer by talking of interdependence. The third one pithily points out the benefit of a serving attitude. When I then re-read the first quote, it seemed to make more sense.

A couple of follow-up thoughts on i-TFTD #41: Two Lives and Resistance. My experience is that it is very liberating once we take some action on a long-pending desired action. And it becomes easy after the first few steps. So start on one of them. At the same time, it is better to revisit and evaluate such longings to see if we need to let go of them based on current reality. After all, if I have not worked on something for years, maybe it is not really important or aligning with my true priorities. Removing such vague clutter from the list of long-term To Dos frees up my mind to focus more energy on the remaining ones.