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T h e B a r r e t t W a v e
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Summer 2005 |
News & Resources |
10th Birthday Celebration Issue |
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Barrett Consulting Group celebrates it's 10th Birthday.
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Barrett Consulting Group Who we are: Creators and
innovators of viable strategies and solutions linking people performance to business performance. What we do: Using common
sense, industry experience and knowledge of people performance strategies, we create direct links between business strategy and peoples actions resulting in real revenue line increases. We offer
specialist consulting and resource services in two key areas: - Barrett Sales Consulting:
Leading experts and pioneers in sustainable sales growth, performance and culture strategies and solutions.
- Barrett People Resources:
Creators and innovators of contemporary and leading edge selection, performance and retention resources, strategies and solutions. Our corporate mission:
So stay tuned for more information including:
- New product launches
- New market directions
- New research
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Article 1: Barrett Consulting Group celebrates its 10th Birthday.
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Article Perspective: |
- Barrett Consulting Group has achieved 10 years in business in 2005.
- A Decade At Barrett Consulting Group - In Retrospect ...
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Barrett
Consulting Group has achieved 10 years in business in 2005.
Established on 9 January 1995 and Winner of the 1997 Telstra Small
Business Award, Barrett Consulting Group has developed a unique place
in the Australian market place by specialising in helping people and
organisations Unlock
&
Access Their Potential For Elite Sales Performance.
The
statistics say... The Australian Bureau
of Statistics tells us that only 20% of businesses will be running successfully after five years of
operation. Furthermore, of that 20%, more than 80% will close down or
disappear over the subsequent five years. That equates to only 4% of
businesses reaching 10 years in operation. These statistics confirm
just how challenging running a small business can be.
A
Decade At Barrett Consulting Group - In
Retrospect... We have employed 21 people including sales
consultants, psychologists,
learning and development managers, administrative staff and IT
experts. We have worked with many clients across many industries
in Australia
and New
Zealand and are now working on projects in Asia Pacific, United States
and United Kingdom.
During this 10 year period, we have
explored, examined and distilled
our work to the point where Barrett has developed a brand that is
single minded about having clients achieve extraordinary sales
results. We have developed a reputation for
being able to work with organisations to achieve professional
sustainable sales and service cultures where even the most skeptical
executives are converted by exceptional revenue results and definite
returns on investment. Using a scientific approach, we have helped many
organisations yield real and sustainable revenue results (average
revenue increases of 20-50%) and shifted some of the stereotypes that
exist about selling.
New
initiatives... We are now taking that approach and
applying it to our new concept ACTIVATE - a suite of Online diagnostic
tools that allow individuals to undertake assessments most relevant to
their
personal or professional circumstances. However, the magic of ACTIVATE
rests with its
ability to interpret outputs and translate them into meaningful
pathways for individuals to pursue to progress their career/job
ambitions.
We
extend our thanks and gratitude... Barrett
Consulting Group has certainly come a long way from the small
enterprise Sue Barrett began at her kitchen table with just $3,000. We
could not have got to where we are now without the
initiative, creativity, determination and dedication of past and
present employees and contractors all of whom who have contributed to
the essence that
is
Barrett. Equally we would not have been able to apply our work
without the many clients who have trusted us to help them
achieve their business and strategic objectives through their
people. Barrett now counts a
number of Australia's & New Zealand's public & private
corporations as clients as well as some of the most effective &
entrepreneurial SME's in Australia. We wish to extend our
thanks to all those people.
So to
the future ... At Barrett, we do not rest. We accept the fact that
although our work
may have the most effective approach to unlocking elite sales
performance today, we must be continually seeking to develop the next
generation of ‘thinking’ on how to drive elite sales performance. We
are hungry for knowledge and recognise that we cannot dare to challenge
the paradigms of its clients if is not continually challenging its own.
We look forward to the next 10 years and what that will bring for us
all.
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Article 2: Customer service - my foot!
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Article Perspective: |
- Never mind the “wow”, just get rid of the “arrrh”
- You need not concern yourself with making the customer happy, but with removing the things that make the customer unhappy
- Imagine if money were as susceptible to faults as the product for which it was exchanged
- Excerpt from "How to Lose Friends & Infuriate People": printed with the kind permission of the author, Jonar C. Nader
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After reading the excellent book "How to Lose Friends & Infuriate
People" by Australian Author Social Commentator, Lecturer, Futurist and
Technologist; Jonar C Nader I was impressed with his ability to cut
through all the waffle and get straight to the point about a number of
important issues and how they affect people both personally and
professionally. Given our focus on elite sales performance I
approached Jonar and sort permission to publish some excerpts from his book as it
relates to Leadership, Customer Service, Sales and Prosperity .
Here is the first in a series of
articles which I hope you will find interesting:
It is a fact of corporate life that no enterprise is in the business of
“service”. Despite initial denials, no-one can dispute this
shock–horror. Corporations are not there to serve anybody. At best,
they sometimes operate under a clear mission — but serving people is
not one of them. Motherhood statements are a dime-a-dozen. Chief
executive officers (CEOs) still kid themselves, espousing customer-care
or customer-delight or service excellence. They believe that they are
out to put the “wow” into customer satisfaction. Well, never mind the
“wow”, just get rid of the “arrrh”.
For years, I have been saying that service in most industries is
atrocious and brings me to the point of having to invent violent words
merely to come close to exclaiming my dissatisfaction with any degree
of accuracy.
Are you ready
for a sex change?
What is it that customer service hinges on? The single most important
element is “speed”. However, before an organisation decides to engage
in customer service, it must treat the decision with all the due
diligence that one would afford to the notion of a sex change.
If, after exhaustive deliberation, an organisation decides that service
is the way to go, it must then make it clear to all concerned that
“customer service” means doing for the customer whatever the customer wants. It
does not matter what this is — for such is the burden of “missionary” work.
In doing for the customer whatever the customer demands, speed must be
the key factor. Within this framework, an organisation is promising to
invent new systems and processes within a matter of seconds — and this
sounds unrealistic for most bureaucracies. Therefore, it might pay for
honest organisations to own up and call it like it is. We would then no
longer suffer false promises such as those expounded in advertisements,
showing a half-naked traveller clutching a telephone outside a village
café in Timbuktu, recounting his sad plight to some sympathetic
operator who manages to replace his debit card within twenty-four
hours, find him a local neurosurgeon, and set him up in some swanky
hotel with a cash advance and a new Armani wardrobe — delivered
pressed, with starch; on a hanger, please.
Those who construct loyalty programs through frequent-flyer points, and
the like, are merely trying to trap the customer. Loyalty must come
naturally, not via points and schemes. If your customers are loyal to
you as a result of such programs, they are not loyal. Such schemes are
tangible, and tangible things are susceptible to
the law of annihilation. Anything that you do can be matched by your competitor.
Frequent-flyer points have become a serious financial burden to
airlines. However, which airline dares to be the first to cancel its
scheme? Having the scheme no longer provides a competitive advantage,
but not having the scheme would create an unattractive deficiency —
unless something of perceived equal value takes its place. In short,
this makes the scheme more of a burden to the organisation than it is a
benefit to the customer.
Customer
loyalty is intangible — meaning that it must come from the
heart. In business, matters of the heart come from atmosphere and
attitude. Do you have the atmosphere and attitude within your
organisation to win the heart of each customer? Only then can you count
on loyalty.
You can’t
serve two bosses
It is too difficult to operate a profit-seeking business and have two
bosses. The customer cannot be your boss when the shareholders are your
first priority. Therefore, the customer cannot come first — meaning
that you are not in the business of serving the customer. You are in
the business of supplying goods and/or services to the specifications
that were agreed upon. Your obligation is to be truthful and
honourable. Beyond that, you need not put up with customers’ demands
that do not comply with your corporate objectives; nor should you raise
expectations about things you cannot deliver.
For your own sake, reel in those advertisements and read every one of
them. Watch your television hype then scrutinise your brochures and
media releases. You might begin to understand why unsuspecting
customers appear to be too demanding. Examine the statistics that show
how frequently you targeted a certain group with over-exaggerated
statements about your service, your quality, and your supposed
responsiveness. Can you blame customers for thinking that they deserve
better than what you give them?
When I say that your customer is not your boss, this does not mean that
you abandon courtesy to new customers or to customers with whom you
have developed a long-term relationship or a friendship.
Forget
about customer service - find ways to sell to the customer!
The
customer-service craze has its roots in one things — making more
money. If this be the aim, let’s get to the point. Forget about ways to
“serve the customer” and find ways to “sell to the customer” so that
you can make more money.
There is a big difference between “serving the customer” and “selling
to the customer”. The former implies activity designed to make the
customer happy. The latter is a sales process that makes your
shareholders ecstatic.
The naive will call this “semantics”. The astute will realise that a
simple shift would focus the group on the fundamentals of the business
— profits. The pedantic would say that without happy customers, you
would not have profits. The point is that if profits are what you are
trying to generate, set out to generate them. When you start with the
end goal in mind and work back to reverse-engineer a solution, you will
find that customers are important because they buy things. Therefore,
it stands to reason to find ways for your customers buy more things.
The emphasis ought to be on “selling”, not “serving”.
There are ethical ways of capturing extra business to make extra
profits. It would be a delight to enter a store and see a plaque on the
wall that reads, “We are in the business of making a profit. If you
know of additional ways that we can do this, please let us know.”
Customers would be delighted to respond to such honesty because they
would be happy to spend more money with one supplier in return for a
predictable and satisfactory outcome. Organisations know this, but they
say that they would be willing to oblige if only they knew what
customers want. This is a mistake. Never mind what the “customers”
want. Go in search of what the “customer” would pay for.
If you truly wish to generate more profits in the networked world,
there are three things that you need to understand.
- The first is that
customers do not always know what they want.
- The second is that most of
an organisation’s preoccupation with customer service stems from
complaints about faulty goods and broken promises.
- The third is that
most organisations have all the data that they need to capture more
profits from their customers. These three aspects are explained below.
Customer Complaints &
The Law of Inheritance
There is an element to customer service that focuses on complaints
resulting from faulty or incompatible goods and/or broken promises.
Chief executive officers must carefully study why certain issues arise.
If organisations do not manufacture robust products, or if they send
out service technicians who perform half-hearted tasks, the
organisation deserves to be out of business. Chief executive officers
whose production lines still pump out substandard products do not
deserve one moment’s rest. Senior executives cannot ethically command a
salary so long as they cheat the customer by taking good money only to
deliver rubbish, frustrations, and broken promises in return.
Furthermore, profits are lost every time an error is made or a faulty
product is replaced. Therefore, such floundering is a disservice to
shareholders — and what could be more irresponsible than that?
Many organisations fail to realise that once customers have paid for
their goods or services, they have exchanged money with whatever was
given in return. Money is predictable. It works every time. It does not
need service calls, nor is it ever faulty. The exchange is a very safe
bet (notwithstanding fraud). Whether it be exchanged for bananas, or a
new computer, fault-free money is given in good faith.
Imagine
if money were as susceptible to faults as the product for which
it was exchanged thereby “inheriting” the qualities of the product.
This would mean that every time the operating system on your computer
froze, the money you paid for it would freeze in the bank or wherever
it may be at the time.
What if every time your toaster failed to work, or you bought apples
that tasted like chalk, the money that you used to buy these items also
failed or perished? What if there were some metaphysical link
associated with each transaction? What would become of certain rich
people who have amassed their wealth through lies and deceit? How
successful would some organisations be today if they were accountable
through a “law of inheritance”? This would be a scary notion indeed. As
the networked world develops, more of this kind of accountability will
befall organisations that can least afford it. Financial “ancestry”
would prohibit corporations from building their empires on money taken
from customers who were given shoddy products.
There is also the issue of “unfair exchange”. Any organisation that
seeks to make a profit from its goods or services ought to come to
terms with the fact that it is not doing the customer any
favours. When a customer exchanges money for a new chair, the
customer is the
one doing the company a favour. In exchange for one chair, the customer
is paying the retailer for the chair’s original cost, plus a little
extra to help pay for expenses and overheads, plus more free money for
the retailer’s personal bank account.
Don’t serve,
observe
Many organisations are blind to what is going on in their environment,
unaware of what is happening around them. When it comes to customers,
they might have many opportunities to make extra money, but they fail
to see them.
When their competitor finds a new way of making money, they seem to
think that something new has emerged for them to act on. Very often
that which they think is new is not new at all. Opportunities to make
money exist at many levels.
Corporate observation is about observing the customer and searching for
ways to make extra money. For example, hotels would find it difficult
to make a profit if they had to rely on revenue from room bookings
alone. They depend on additional revenue from restaurants, laundry, and
incidentals. There are many ways that organisations can
make more money. All they
have to do is stop fussing about customer service, and start selling
via clever, targeted offers. There is much to be said about up-selling,
cross-selling, and on-selling. They have all the data to double their
business, but they do not know what to do with it — which makes one
wonder why they amass so much data in the first place.
Eat your own
pudding
We have heard it said that the best way to find out about your level of
service is to become your own customer for a day. However, there are
some things that can be improved simply by thinking through the
process. Yet, it still baffles me to see how organisations operate.
Why can’t managers think about a process before they engage in
it. What it comes to is one of two things. Either a comprehensive
training
program must be instigated to stipulate precisely how things ought to
be done, or do not allow people to engage in any activity if they do
not understand the full process. If the
objective is to get the customer to spend more money, get real!
These discussion points are not mentioned for the purpose of making the
customer happy. You need not concern yourself with making the customer
happy, but with removing the things that make the customer unhappy.
This assists in customer retention. The next stage would be to find
ways to sell more to the same customer. You know how this can be done.
So, as the song goes, do it, dear Henry!
Copyright Jonar C. Nader
www.LoseFriends.com
Re-production prohibited without written permission.
For further information please contact Sue Barrett on 03 9532 7677
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Article 3: Sales Performance 'At Risk'.
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Article Perspective: |
- Salespeople are one of the highest “at risk” groups in terms of turnover
- Addressing Some Gaps in Traditional Approaches
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Improved sales performance is one of the keys to business
success. Typically the approach is to focus on assessing and
developing individual competencies associated with sales success.
However, such an approach typically ignores sales force retention and
alignment, two key contributors to sales performance.
Two pieces of research are particularly relevant:
- The cost of turnover is up to 2.5 times the employee’s
salary; and
- Job satisfaction and engagement (i.e., workforce
alignment), can account for up to 23% difference in productivity.
Salespeople are one of the highest “at risk” groups in terms of
turnover (average of 26% compared to the national average of
14%). Therefore, it makes good sense to manage this risk,
maximize alignment, and legitimise and protect an investment in sales
performance improvement.
Barrett Consulting are able to offer such an approach through their
application of a unique diagnostic tool called the WRDI®. The
WRDI® – which stands for the Workplace Relationship Development
Indicator - is a workforce diagnostic survey which is based on a
research validated model of the psychological contract (or employer /
employee relationship).
The WRDI® provides vital “dashboard indicators” that are compelling
for management. These indicators, which quantify retention risk and any
workforce misalignment, can be produced for a relatively low cost and
with minimal disruption to the business (the WRDI® is online with
“real time” reporting).
Depending upon findings, further WRDI® reporting output can be
generated to identify and address those factors which may be
contributing to retention risk and misalignment, both at a systemic as
well as at an individual level.
The WRDI® closes the gap in sales performance improvement,
providing a risk management approach to one of an organisation’s most
vital intangible assets.
For further information please contact Sue Barrett on 03 9532 7677
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Article 4: You Never Get a Second Chance to Make Good First Impression
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Article Perspective: |
- Is Image is Everything? By Ros Lawson of Ros Lawson Design
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I often gaze across the room (maybe its a women’s breakfast or a board
room meeting) and wonder what on earth were they thinking when they got
out of bed this morning! I am sometimes totally convinced that
alien beings forced them to mash
into their wardrobe, dive amongst the clothes and make the rash
decisions to pop on that 90’s tie teamed with the just a little too
short pant or the puffy sleeved number that no one will notice as it is
tucked under that too long, over tailored shoulder padded coat!!
Image says a multitude about a company but the individual representing
that company can say even more if they are not careful. If you
are associated with a company whose positioning and vision is to
inspire or to vaguely innovate - your clothes must say this as
well. So is image is everything?
How the clothes are presented can send a number of different
messages. A sharp dark suit with a beautifully pressed shirt can
murmur ‘beware - I have fabulous attention to detail’. A
carefully constructed combination of modern angles and cut can express
‘ I am creative and able to think laterally!’ Or should we dare to
mention the one too many buttons undone to reveal the lacy number
underneath … Needless to say every creation sends a message. It also
can position you on the corporate ladder or help with an intended
client. If they are a powerful dresser, dress that way too, then it
sends a message to him or her that you understand them and desire to
assist them to succeed!
>From head to toe, grooming is also extremely important. The suit might
be fabulous but if the hair needs a cut i.e. the man’s fuzz hitting the
collar or the women’s locks are straggling to excess then the image
fails! Shoes must be clean and in premium repair, buttons
attached and no loose threads. Ladies, careful with the makeup…
make sure the mascara is not smudged let alone the lippy! Also
the look should be current. A friend of mine expressed ‘she was very
frustrated with her mother’s 80’s look’ and whipped her off to the
D.J’.s makeup department to have it rectified immediately!
If you honestly have no idea - do not panic there are a number of
avenues open to you to ensure that you are on trend and in style.
There are various clothing consultants that specialise in giving you a
look for your shape and height. Make sure that you are comfortable with
their direction and they are giving you the look you want! If
your too embarrassed or short of cash to approach the experts - then
watch TV shows such as Queer Eye for a Straight Guy or the
fashion channel on Foxtel or grab the latest fashion mag. The larger
department stores are now offering fashion co - ordination services as
well.
So next time your contemplating wearing something you haven’t for
12 months – STOP - re-examine your choice and consider whether it will
send the right message, if not, give it to your favourite charity as
you probably will never wear it again. Remember
your image says a lot about you and the company you keep! So
whilst image may not be everything in the long run, your image does set
up expectations, make sure they are the right expectation.. and in
today's fast paced, quick grab, sound bite society it may pay to put a
more
conscious effort into how you present yourself.
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Other News, Public Events and Workshops
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Overcoming Sales Call Reluctance - Fear Fear Prospecting & Self Promotion Workshop.
- More Info in the Brochure
- When: 18 February 2005
- Contact: (03) 9532 767719
Optimsing Sales for Business Success - Solution Selling Skills Program.
- More Info in the Brochure
- When: 19 April 2005
- Contact: (03) 9532 767719
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At Barrett Consulting Group we aim to present material that will be of
interest to our clients and colleagues. Our aim is to challenge mindsets
and give people the opportunity to reassess old ways and bring in new
ideas. You may not always agree with what we present, however, if it
gives you a different perspective to view the world from then that is
our intention. If you have feedback you would like to give us on any of
our topics or if you would like to submit an article to this newsletter
please send us your feedback using
this online form.
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Our Values in more depth.
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- Be passionate and courageous about what we do
- Keep a firm eye on the bottom line
- Be disciplined in thought and action
- Be committed to our firm's business success
- Explore ideas, be innovative and create practical real solutions
- Develop healthy, productive relationships with co-workers and clients
- Let others know about our firm
- Take responsibility and ownership for our work
- See our work as part of a holistic environment
- See the link between our job, our clients' and our organisation's success
- Help set and implement organisational goals
- Take personal responsibility for client service
All Companies have a culture, some companies have discipline, but few companies have a culture of discipline. When you have disciplined people you don't need hierarchy. When you have disciplined thought you don't need bureaucracy. When you have displined action, you don't need excessive controls. When you combine a culture of discipline with an ethic of entrepreneurship you get a magical alchemy of great performance.
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Greatness is a matter of conscious choice, Barrett Consulting Group.
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