Many unappealing places and things harbor untapped opportunity because everyone avoids them. This article encourages you to investigate past your first reaction to find out about what you've been overlooking.
Our senses are finely tuned to be attracted to what we like and to what we are accustomed. We avoid anything that looks, smells, tastes, feels, or sounds different than what we prefer. Our reactions can be so strong that we never consciously evaluate the pros and cons of what is being experienced. In an increasingly complex and diverse global environment, organizations run the danger of overlooking great opportunities right under their noses and in front of their eyes because the opportunities do not fit the conventional ideal. In reversing the usual knee-jerk approach, you can reap great rewards by carefully investigating the potential of what repels you and what you reject.
First Impressions Can Be Deceiving
Most people can identify situations in which they dismissed an opportunity that someone else capitalized on later. Often these opportunities were overlooked or rejected because they were perceived as dull, boring, or unpleasant. You may recall the fairy tale of "The Ugly Duckling." It is the story of an orphan baby bird that is mistreated because it is unattractive to the young ducklings raised with it. Much to everyone's surprise the ugly duckling matures to become a beautiful swan. Thus, what we call the unattractiveness stall prevents people from seeing potential because they make judgments based on insufficient knowledge.
As you contemplate this point, it is worth remembering that if Alexander Fleming had been unwilling to work with the unpleasant green mold that affects stale bread, the world might not yet have the wonder drug penicillin and its heirs.
The Taj Mahal
All too frequently, management becomes engrossed in creating posh office space. Having grown used to pleasant surroundings after having feathered their nests, executives avoid even more of the ugly duckling sites that need attention.
In many companies, distribution is one such ugly duckling. Visiting and improving the operations of trucks and loading docks excite few corporate chieftains. Yet Wal-Mart struck gold by focusing on fast deliveries through warehouses serving constellations of stores. As a result of its efficiency, Wal-Mart can offer lower prices and attract more value-seeking customers.
The Ivory Tower
Executives dislike dealing with customer complaints. In fact, very few top-level executives will talk with unhappy customers. Junior people deal with those problems. Fearing that the bearer of bad news may be punished, workers often sugarcoat customer unhappiness or badly conceal it.
STALL ERASERS
Losses Are Uglier Than the Dumpster's Contents
One open-minded CEO ran a successful restaurant business. His success was due to starting his restaurant tours at the dumpster, one of the least attractive parts of any restaurant. The CEO could judge the restaurant's health by what the dumpster contained. Decaying raw food suggested overordering of supplies. Too much decaying cooked food meant that the kitchen was having problems. Occasionally, he even found carefully wrapped, fresh prime steaks … indicating that employees were stealing food.
Floored
Packages that protect products are usually seen as necessary, but not important. Crafty Henry Ford thought otherwise. On realizing that batteries for his cars came in solid wooden boxes, Ford specified the details of those boxes. After the battery was removed, workers took out the screws and used the wood as floorboards for his Model A.
STALLBUSTERS
ServiceMaster has made a good living by solving the ugliest, dirtiest and smelliest problems its customers have. Perhaps you can do the same.
Find Your Ugly Ducklings
Here are questions to help you find hidden opportunities:
• Where are the places that executives and managers seldom visit?
• What can be learned by investigating those unattractive places?
• Which potential customers are perpetually shunned?
• Which types of potential employees are never hired?
• Which suppliers are avoided?
• What services are avoided?
Turn Your Ugly Ducklings into Swans
• How can you use an open mind and thoughtful questions to learn more about these areas?
• Who already sees these ugly ducklings as swans? Why?
• How could each of these ugly ducklings be one of your best opportunities?
• Who could help you to better see, hear, and feel these opportunities?
• How could you easily and inexpensively test out ideas related to the worth of these opportunities?
Copyright 2007 Donald W. Mitchell, All Rights Reserved
Navigating the Waters of Business Success: The Strategic Launch of Business Objects
In the competitive world of business, the trajectory of success is often determined by the initial strategic decisions made by a company. The story of Business Objects, a pioneer in business intelligence software, exemplifies the importance of a well-planned entry into the industry. By choosing the right location, assembling a diverse team, and innovating their business model, Business Objects set a precedent for rapid and sustainable growth.
Genetifcally Engineer Wonderful Business Models That Deliver More Stakeholder Benefits
Using genetic engineering, scientists can take qualities of a weed for hardiness and transfer those strengths into a food crop. In the same way, you can genetically engineer your business model by adding on all of the attractive qualities of complementary business models. If you combine enough business models, you'll have an amazing advantage that will deliver myriads of benefits to large numbers of people.
Don't Just Play Around -- Your Industry Is Full of Excellent Opportunities Everyone Has Overlooked
Companies want to grow faster and always imagine that areas they haven't explored are full of better opportunities than where they are. The truth is usually the opposite. This article explores the missing opportunities at toymaker Hasbro.
