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How do you sell the future to people who have no interest in it?
There's a lot of change going on out there, and the brutal reality is that some get it -- and a lot do not. Each and every keynote has involved a lot of research, plenty of discussions, and a fair bit of time spent understanding how an industry or profession is changing. You learn some amazing things -- farmers and funeral homes, for example, are some of the most change-capable people out there. Both are innovative, realistic, practical, and open to new ways of thinking. (Maybe this has to do with the fact that global food production has to double in the next few decades to keep up with global food consumption, and that most of those people will become customers of the latter at some point. Ok, there is room for optimism....!) Through all the discussions and all the preparation and all the time spent on stage, there's been enough material to write a dozen new books, but I'm going to distill it into The Masters of Business Imagination Handbook (the "current" new working title) which will go to the think-factory in a few weeks. Suffice it to say, there was a crystallizing slide that I pulled together when I keynoted a PWC conference a week or so ago, in which I outlined to a number of executives how they could best segment their customer base in order to determine where to best find opportunity. The more I think about it, that slide probably contained some really cool insight into how to sell into today’s economy. I suggested to the audience that they should look at a company / client / industry, and undertake a measure of their change-quotient. If it is low -- if people / executives / an industry can't cope with reality -- if they are hopelessly mired in "today" – and hence, they;ve got a pretty low change-quotient – then bail out. If they are thinking that tomorrow's market / strategy / products / skills / capabilities will be fulfilled by what they have in place today, their change-quotient is hopelessly low. Worse than low – they simply can’t deal with change. And you can use that measure – the change-quotient -- to segment your client / customer / industry base, and determine where you should best focus your energies. How do you determine the change-quotient? I suggested a few factors:
It comes to this: if you are a company that is selling the future, don't even try to deal with those who don't want to deal with it. There seems to be an entire generation of CxO's with the fundamental strategy of not seeing the future, don't hear the future, and don't do the future. You can discover this by studying the change-quotient of the industry and of the company. Focus on the high-change-quotient targets -- on those who get where we are going -- and you'll do much better with your strategy, and have way more fun.
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Permanent link to this item ...posted at 09:55 PM...June 07, 2006
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