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Management Consulting News

Vol. 4, No. 10
October 4, 2005




What's Your Web Site Done for You Lately?

Interview: Don Peppers and Martha Rogers Know the Real Value of Customers

Upping the Ante on Creativity

An e-Newsletter on e-Newsletters

What the Media Wants from Consultants

More Business Planning for Consultants

Coming Attractions

additional articles

New resources from David Maister

Register for IMC Confab 2005

The National Organization for Diversity in Sales and Marketing Executive Leadership Summit

Daniel Yankelovich Interview Strategy + Business (reg. req’d)



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 What's Your Web Site Done for You Lately?

I stepped gingerly onto the bathroom scale, glared at the disaster reading, and concluded that my best option was to have lunch and figure out what to do next.

Objective scrutiny of ourselves—or what we create—isn’t easy. But the best consultants always look for ways to improve, so it’s routine for them to step back and look at the big picture.

What about our Web sites—are they up to snuff? To see if we’ve made progress in building better sites, I did some research on the marketing capabilities of consultants’ Web sites. I looked at sites of the mega-consulting firms, medium and smaller-sized firms, and independent practitioners.

From slogging through consulting Web sites, I learned that too many of our sites just scratch the surface of the Web’s potential marketing power. Why waste valuable time and money on a Web site if it doesn’t help bring in new clients?

Click to take the assessmentIf you want to know what your Web site does for you, take our confidential Guerrilla Consulting Web Site Self-Assessment. It will only take five minutes, and you’ll receive a customized report, which will be available immediately after you complete the assessment. The results will also be sent to your e-mailbox.

It’s easier than facing the scale and it doesn’t cost you a dime.

Enjoy the newsletter and, if you have any comments, please send me an email.

Mike McLaughlin
Editor, Management Consulting News

 Interview: Don Peppers and Martha Rogers
Don Pepper   Martha Rogers

 If you want to maximize Return on Customer, you have to create a culture in your organization designed around earning and keeping your customer’s trust.

What’s the most important business asset your clients have? Don Peppers and Martha Rogers would say emphatically that it’s their customers—and they can prove it. In their new book, Return on Customer, Peppers and Rogers lay out their innovative way to think about and measure the value of customers to a business.

 Upping the Ante on Creativity
Luc de Brabandere article

 How does it come about that we make mistakes? It is not a question of intelligence, but rather one of our perception of the world around us.

Luc de Brabandere is a vice president in the Paris office of The Boston Consulting Group and author of The Forgotten Half of Change: Achieving Greater Creativity Through Changes in Perception. He suggests that the ability to see things in a completely new way is the essence of creativity. And the more creative we are, the more value we can potentially deliver to our clients.

How can we become more creative?

Read the article by Luc de Brabandere

 An e-Newsletter on e-Newsletters

Michael Katz, founder of Blue Penguin Development, publishes a great e-newsletter on e-newsletters.

Here’s a sample of Katz’s advice to readers:

Publishing Regularly

“Reader relationships are like those old fashioned hand pumps. It's no surprise that when you stop pumping, the water stops coming out. But that's not all. When you stop pumping, the remaining water in the pump drops all the way back to the bottom of the well.”

Balancing Content and Promotion

“It's fine (and important) to promote your business within the pages of your E-Newsletter. After all, the point of this is to drive business, not simply send out content. That said, you'll get (much) more mileage from your monthly efforts if you draw a clean line between the information your readers want, and the information you want them to have.”

Dealing with Cranky Readers

“99% of the people you come in contact with are going to be as nice as can be, but every once in a while, somebody's going to try and poop on your car. Don't let it throw you and don't get drawn into somebody else's bad day. Who knows, resisting the natural urge to fight back might even earn you a new client now and then!”

In addition to his newsletter, Katz also publishes a Do-It-Yourself E-Newsletter System. It’s a great multimedia product that gives you a step-by-step plan for creating your own newsletter.

If you’re interested in reading about it, I’ll give you the link with a warning: Katz has one of those long sales letters. But his pitch is very low on the hype-o-meter. Here’s the link: http://www.enewslettersystem.com/.

Just so you know—I’m not getting any kickbacks for recommending this product. It’s just a great resource, particularly for consultants.

 What the Media Wants from Consultants

By John Baldoni

Once you connect with media representatives, you need to be prepared. Consider the points below; each point is not relevant to every interview but the overall structure will help you focus on making the best possible contributions.

So what’s the media looking for? Members of the media:

Want stories. Good articles are really comprised of stories about people—how and what they do. Think of success stories about clients you can share with the media. Make certain you get permission to use a client’s name. If you can’t get that permission, you can disguise the client’s identity, “a manager working in a large industrial firm,” but that has less impact.

Love quotes. Do you have clients or client organizations willing to speak on your behalf and be quoted for the media? This is especially important for industry publications. For example, if you are working in the automotive industry, seek to get noticed and quoted in automotive trade publications. If you want to be quoted in your own words, think about the issues your clients face and prepare pithy observations.

Crave facts. As much as stories add color and dimension, it is always good to back them up with data. You can include survey statistics, especially those depicting before and after results, and research sources. Whenever possible, include data to demonstrate your case.

Depend on clarity. Think about what you do and why. Develop your media pitch in two different forms: first, a ten-word or so description of what you do, such as “a behavioral coach working with CEOs”; and, a thirty-second elevator speech about your work—“My firm works to help men and women achieve their leadership potential by focusing on behavioral coaching. I believe we all have the potential to improve and so I aim to bring out a person’s inner self to help that person connect more effectively with others.”

Seek how-to advice. Think about the general advice you give clients and share it with the media. Be prescriptive and describe, for example, the five things people can do to become better listeners, better leaders, or better coaches.

Appreciate accessibility. What can you do to make yourself available for interviews? One way to promote your accessibility is to publicize your public speaking engagements in the local media. Be available when reporters are available. Media people live by deadlines; this may require you to bend your schedule to accommodate interviews.

Convey your message. What is your unique point of view? How can you express it with a story? What is your ultimate goal and why does it matters to the world? Make certain you stay on message. Get in the habit of opening and closing with your relevant key message. Reiteration helps to ensure that you get your point across.

A note of caution: while you want to aim high, do not be disappointed if it takes time to get noticed by publications like the Wall Street Journal or the Harvard Business Review.

If you want to reach your clients, target the forums and journals your clients and prospects reads. You have a greater chance of success and will see your recognition quotient rise where it counts—with clients!

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John Baldoni is a leadership communications consultant who works with Fortune 500 companies and non profits. He is the author of five books on leadership, including his latest, Great Motivation Secrets of Great Leaders.

 More Business Planning for Consultants

We received lots of feedback on Tim Berry’s article, Business Planning, Consultants, and Cobblers' Children.

One reader, Tony Wanless, wrote:

Tim Berry’s article highlights a problem that I often see in my day-to-day dealings with consultants and other knowledge-based businesses. It is my experience that, when it comes to their own businesses, most consultants are poor planners and worse marketers.

Both issues are important because they point to a common syndrome: Many consultants are not very good business managers. Instead, they are often "doers”—an elevated form of tradesmen. They are purveyors of specialized knowledge or skill, but they rarely organize their businesses optimally to sell that knowledge or skill.

Perhaps the reason most consultants don't have business plans is, as Mr. Berry says, they don't really need them. What they do require are adapted strategic plans, or business management plans.

I don’t view this as a matter of semantics. A business plan is, for the most part, a marketing document used by most businesses for a specific purpose: to persuade financiers to pony up operating cash. An adapted strategic plan, or management plan, is an internal guide to operation of the business.

All businesses should have these, of course, but they are more important for knowledge businesses because these enterprises rely more on intellectual capital (organizational, management and marketing skills) than financial capital.

Tony Wanless, Knowpreneur Consultants, www.knowpreneur.net
Email: twanless@knowpreneur.net

 Coming Attractions

Rapid Results book cover“Yes, the pursuit of immediate gratification, properly conducted, can open the door to long-term success.” – Rapid Results!

Next month, consultant and author Robert H. Schaffer joins us to talk about his new book, Rapid Results! He’s the founder of Robert H. Schaffer & Associates, and he helped to found the journal, Consulting to Management, for which he’s long been an editor. His previous books include High-Impact Consulting and The Breakthrough Strategy.

We’ll ask Schaffer how we can help clients succeed with large-scale change using the rapid-results approach.

Look for the interview with Schaffer in the next issue of Management Consulting News on November 1, 2005.

 

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