Sunday, August 23, 2020

3 E's of Effective Leadership

Been in a few leadership seminars, and the oft-repeated terms reminded me of the article from a few years back, so decided to share it again. (originally published in March 2016).

--------------------------


The greatest responsibility of a leader is to make their employees successful. This is, more often than not, the one trait that does not garner enough attention from those measuring leadership success. It is about how well the employees are flourishing under one's leadership!


Use the 3 E's to answer this question; perhaps a better measure than (or in addition to) the usual promotions, team size, numbers, etc.

  • Empower your employees (go do it!) – set clear goals and expectations, but don’t stymie free thinking. Establish the culture where managers can think freely and are “empowered” to make decisions that move the project forward.
  • Enable your employees (provide the required resources!) – get down from the “I know all” pedestal and learn about the daily struggles of a manager in balancing deliverables and getting  projects prioritized for delivery. Then make sure to provide the required resources and/or remove the organizational hurdles to “enable” employee success.
  • Engage your employees (give a pat on the back more often!). Employees are more engaged when they are recognized. But, do it on a regular basis, not just once a year. Even the small achievements should be called out at weekly reviews or other team gatherings. It will go a long way in keeping them motivated and “engaged” towards the company’s success.


Just like the other assets within the company, employees also need nurturing, albeit with a human touch!



3 C’s of Consumer Centricity

Back into a few age old discussions on customer centricity and wanted to remember the foundations that formed the basis of organizational changes I was fortunate to have been a part of. (originally published in September 2014)

------------------------------------------------------


Consumer-centric organizations are known to do all they can to engage with their customers and proactively cater to their needs. Often these will include product/service updates, social communications, systems to support consumer-centric strategies, etc. 

However, it is easy to feel burdened with multi-directional pulls on your consumer-centric strategy as tactical urgencies evolve in any business cycle. Keeping a framework of key consumer touch points is imperative in such situations to stay focused and continue to deliver on the promise of better than excellent engagement. I categorize these core consumer touch points into 3 areas – the 3 C’s of Consumer Centricity.
  1. Content – what does a consumer see about your brand, products, services? Are you developing content that clearly communicates and reinforces the value of your products and services? Does this content remind the consumer how valuable their relationship is to the brand and vice-versa? Whether a consumer is using your products or not, we need to evolve our content strategy such that it caters to consumer need for information, before and after they make a purchase decision, and at the time of purchase, you will typically get the nod.
  2. Choice – Do we offer choice in our products and services? Is our product strategy in-tune with the evolving market dynamics, namely, technological changes, consumer usage behaviors, market expectations, etc.? After we have successfully attracted consumer attention, we need to ensure we are ready to live up to the promise – great product and service. As and when consumers mature and place their trust in your brand, you need to be able to offer a portfolio that goes beyond the core product(s) and allows the customer to strengthen the bond.
  3. Community – Speaking of bonding with brand, what better way than to draw customers into your community. Do you have a community that not only caters to customer queries, but also, provides valuable information to enhance your products/services? Social revolution has brought about a radical shift in organizations’ communications tactics, as to how frequently and what do consumers need to know. We need to proactively build this into our marketing strategy and invest in right resources to maintain it and keep it current. 

As we all know, consumer life-cycle starts well before they become our customers, and continues well beyond their first purchase. The 3 C’s provide a marketer’s view into this life-cycle and by creating the planning tools within this framework may just help simplify analysis, refine your marketing/communications strategies, maximize ROIs and contribute to your maturing as a consumer-centric organization.