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	<title>DigitallyMinded - Exploring Business, Marketing &#38; that Internet thing &#187; Business</title>
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		<title>Own the work</title>
		<link>http://digitallyminded.co.uk/2012/01/17/own-the-work/</link>
		<comments>http://digitallyminded.co.uk/2012/01/17/own-the-work/#comments</comments>
		<pubDate>Tue, 17 Jan 2012 20:16:02 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Organisational behaviour]]></category>
		<category><![CDATA[Chris Brogan]]></category>
		<category><![CDATA[Heston Blumenthal]]></category>

		<guid isPermaLink="false">http://digitallyminded.co.uk/?p=2065</guid>
		<description><![CDATA[The first email I read in the day is Chris Brogan’s and it’s usually before breakfast. He’s very revealing in a business sense and within that honesty you&#8217;ll often find gems of practical advice. His advice can be a little left field as he expounds about far more than just marketing per se by getting [...]]]></description>
			<content:encoded><![CDATA[<p></p><div class="tweetmeme_button" style="float: right; margin-left: 10px;">
			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2012%2F01%2F17%2Fown-the-work%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2012%2F01%2F17%2Fown-the-work%2F&amp;style=normal&amp;b=2" height="61" width="50" /><br />
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<p><a href="http://digitallyminded.co.uk/2012/01/17/own-the-work/workingman/" rel="attachment wp-att-2067"><img class="alignleft size-full wp-image-2067" title="WorkingMan" src="http://digitallyminded.co.uk/wp-content/uploads/2012/01/WorkingMan.jpg" alt="" width="175" height="141" /></a>The first email I read in the day is Chris Brogan’s and it’s usually before breakfast. He’s very revealing in a business sense and within that honesty you&#8217;ll often find gems of practical advice. His advice can be a little left field as he expounds about far more than <em>just</em> marketing per se by getting into some life and well-being thoughts, but it’s all very well received.</p>
<p>He wrote recently, <a title="Doing the Work is Sexy" href="http://www.chrisbrogan.com/dothework/" rel="bookmark">Doing the Work is Sexy</a>. From it, <em>“I was an owner long before I was the boss. I owned my desk at my telephone company job, and that got me better opportunities, because I owned everything I could and make it my responsibility to do even more than the role required on paper. When I moved to my wireless telecom roles, I owned every one of them. I worked harder on projects that weren’t my assigned work while completing the job they paid me for as well.&#8221;</em> This hit me squarely between the eyes.</p>
<p>I’ve been trying to articulate ‘ownership’ to my teams for over a decade with varying success. It’s surely the perennial problem of having others take responsibility for their world at work.</p>
<p>Owning and being responsible for projects, tasks, duties, etc means digging in and not pushing things back onto others. It’s seeing things through rather than dreaming up reasons and excuses why they didn’t float. It’s a buck-stops-here mentality, even though you may be well down the pecking order of the organisation chart.</p>
<p>Saying, “this is above my pay grade,” isn’t taking ownership. Neither are, “I don’t know why I didn’t complete X,” or, “sorry, I simply forgot,” or, &#8220;I never seem to find the time.&#8221;</p>
<p>The noun manager implies even more ownership. So synonymous is the relationship that you could actually switch job titles from Manager of X to Owner of X, but that would invoke a HR heart attack.</p>
<p>From what I&#8217;ve observed I&#8217;d say ownership is a mindset, albeit a difficult one to sustain. It comes at a personal cost as you invest more of yourself than your raw job description prescribes. Too few are willing to shoulder the commitment and resilience that owning your role demands. Yet, without blind luck and stumbling on good fortune, only through ownership can you ever become the boss. They go hand in hand, with ownership the first to be outstretched.</p>
<p><strong></strong> <em>Side note:</em><br />
Heston Blumenthal <a href="http://www.thefatduck.co.uk/Heston-Blumenthal/Biography/" target="_blank">worked 120+ hours</a> a week for 5 years. He took himself and his one employee to a huge team of chefs and three Michelin stars. He went from self-taught nobody to being mentioned in more or less every good restaurant guide in the world. That’s an awful lot of ownership.</p>
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		<title>It’s not okay</title>
		<link>http://digitallyminded.co.uk/2011/10/20/it%e2%80%99s-not-okay/</link>
		<comments>http://digitallyminded.co.uk/2011/10/20/it%e2%80%99s-not-okay/#comments</comments>
		<pubDate>Thu, 20 Oct 2011 20:15:48 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Sales]]></category>

		<guid isPermaLink="false">http://digitallyminded.co.uk/?p=2011</guid>
		<description><![CDATA[When staff, especially service staff, say that customers where okay, it’s often not the case. “But they didn’t stay, they didn’t buy, they didn’t engage,” you reply. Disgruntled, dissatisfied, unhappy customers don’t scream and shout or spill blood. They leave. Simple as that. They might moan to their partner in the car or once the [...]]]></description>
			<content:encoded><![CDATA[<p></p><div class="tweetmeme_button" style="float: right; margin-left: 10px;">
			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2011%2F10%2F20%2Fit%25e2%2580%2599s-not-okay%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2011%2F10%2F20%2Fit%25e2%2580%2599s-not-okay%2F&amp;style=normal&amp;b=2" height="61" width="50" /><br />
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<p><a title="I WANT MY COOOOOOOKIE CRISPS! by ohhector, on Flickr" href="http://www.flickr.com/photos/ohhector/2366343607/"><img class="aligncenter" src="http://farm3.static.flickr.com/2253/2366343607_69479d7894.jpg" alt="I WANT MY COOOOOOOKIE CRISPS!" width="500" height="333" /></a>When staff, especially service staff, say that customers where okay, it’s often not the case. “But they didn’t stay, they didn’t buy, they didn’t engage,” you reply.</p>
<p>Disgruntled, dissatisfied, unhappy customers don’t scream and shout or spill blood. They leave. Simple as that. They might moan to their partner in the car or once the phone is put down, but they’ll very rarely feedback constructively to your team and offer suggestions (unless they’re from New York!).</p>
<p>I’m never happy to receive a complaint from a customer because we’ve obviously caused a problem, but I welcome the chance to rectify the situation. Personally, I’d vote my with feet rather than write you an email, so I’m chuffed that people can try and help us improve and win them back as a customer.</p>
<p>But given that we know the majority simply walk, what are we doing to spot those signals and what comes next?</p>
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		<title>A fitting tribute</title>
		<link>http://digitallyminded.co.uk/2011/10/06/a-fitting-tribute/</link>
		<comments>http://digitallyminded.co.uk/2011/10/06/a-fitting-tribute/#comments</comments>
		<pubDate>Thu, 06 Oct 2011 19:16:34 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Steve Jobs]]></category>

		<guid isPermaLink="false">http://digitallyminded.co.uk/?p=1988</guid>
		<description><![CDATA[It’s easy to gush more wonderful adulation to Steve Jobs, but there’s a far better tribute to be made: start something. A friend said tonight that it’d been a moving day. But he was also inspired when he thought of Jobs and the founding of Apple and Pixar. So inspired in fact that he registered [...]]]></description>
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<p>It’s easy to gush more wonderful adulation to Steve Jobs, but there’s a far better tribute to be made: <em>start</em> <em>something</em>.</p>
<p>A friend said tonight that it’d been a moving day. But he was also inspired when he thought of Jobs and the founding of Apple and Pixar. So inspired in fact that he registered two companies that he and his team had been talking about for months. These companies will move from mothballed thoughts to job-creating realism.</p>
<p>This is what our dire economy needs: innovation, inspiration and action (and perhaps that £75 billion in Q.E.).</p>
<p>Thanks for the virtuoso performance, <a href="http://youtu.be/8rwsuXHA7RA" target="_blank">Steve</a>.</p>
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		<title>Kindle thoughts</title>
		<link>http://digitallyminded.co.uk/2011/09/29/kindle-thoughts/</link>
		<comments>http://digitallyminded.co.uk/2011/09/29/kindle-thoughts/#comments</comments>
		<pubDate>Thu, 29 Sep 2011 21:06:21 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Business strategy]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Jason Calacanis]]></category>
		<category><![CDATA[Jeff Bezos]]></category>
		<category><![CDATA[Kindle Fire]]></category>

		<guid isPermaLink="false">http://digitallyminded.co.uk/?p=1995</guid>
		<description><![CDATA[Amazon has shown itself as the first true competitor to Apple in the tablet war. The launch of the Kindle Fire this week is an audacious move to out-price the iPad with a dumbed-down system costing just $199. Tablets are a future cornerstone for the world’s data consumption. As ever, Jobs lifted the curtain on [...]]]></description>
			<content:encoded><![CDATA[<p></p><div class="tweetmeme_button" style="float: right; margin-left: 10px;">
			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2011%2F09%2F29%2Fkindle-thoughts%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2011%2F09%2F29%2Fkindle-thoughts%2F&amp;style=normal&amp;b=2" height="61" width="50" /><br />
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<p><a rel="attachment wp-att-1999" href="http://digitallyminded.co.uk/2011/09/29/kindle-thoughts/bezoskindlefire/"><img class="aligncenter size-medium wp-image-1999" title="bezoskindlefire" src="http://digitallyminded.co.uk/wp-content/uploads/2011/10/bezoskindlefire-300x225.jpg" alt="Kindle Fire" width="300" height="225" /></a>Amazon has shown itself as the first true competitor to Apple in the tablet war. The launch of the Kindle Fire this week is an audacious move to out-price the iPad with a dumbed-down system costing just $199.</p>
<p>Tablets are a future cornerstone for the world’s data consumption. As ever, Jobs lifted the curtain on that future and then he charged us a fortune to let us walk behind it. Amazon’s Jeff Bezos has had the hindsight of not being the first mover &#8211; he&#8217;s seen others throw pebbles at the armour of Apple with their tablet efforts (HP’s TouchPad was surely the most ham-fisted go at it).</p>
<p>I agree with <a href="http://www.launch.is/blog/and-that-maniac-is-jeff-bezos.html " target="_blank">Jason Calacanis</a> that price is the key here, as you need to flood the market to gain traction and lock out competitors. Of course the product needs to be sellable in the first instance. Free may convert latent demand but it doesn’t create demand. No price reduction is enough if the product is tat &#8211; you could stand on every street corner in the country selling Betamax recorders for 1p. If you&#8217;d raised a whole £1 after a year I&#8217;d be stunned.</p>
<p>Amazon also had the gumption to go big. To double down as the yanks would say. And it needs to be so audacious because the scale of winning in this tech war is simply stratospheric. It’s not just about a few million bucks on the hardware, that’s just the entry fee to the club. The real win is at the bar. Consumers are paying for data that the world thought would be free for all time until the App Store showed us otherwise.</p>
<p>And nowhere is content more available than Amazon. Books, music, movies and TV shows are there. And of course, physical products from the deepest marketplace imaginable. Regardless of whether Amazon want to outgun the iPad, they are undoubtedly set to sell a whole tonne of content.</p>
<p>This is a killer strategy that doesn&#8217;t work in a cash strapped start-up with very little runway money and time. It’s the epitome of a loss leader, but it comes with the double whammy of providing a huge content channel as well as seeing off hardware competitors. Advantage Amazon.</p>
<p>This is a great move and a business test case for millions of students in years to come. What can Microsoft come back with?</p>
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		<title>What’s your future?</title>
		<link>http://digitallyminded.co.uk/2011/08/23/what%e2%80%99s-your-future/</link>
		<comments>http://digitallyminded.co.uk/2011/08/23/what%e2%80%99s-your-future/#comments</comments>
		<pubDate>Tue, 23 Aug 2011 22:19:58 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[New media]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bottom Line]]></category>

		<guid isPermaLink="false">http://digitallyminded.co.uk/?p=1960</guid>
		<description><![CDATA[Evan Davis on the brilliant Bottom Line asked his guests what the business world will look like in 2020. Justin King of Sainsbury’s commented that it’s difficult enough looking at 2013 and 2020 is impossible. Laura Tenison of JoJo Maman Bebe claimed M-commerce would be commonplace, and Michael Birch, co-founder of Bebo said connectivity to [...]]]></description>
			<content:encoded><![CDATA[<p></p><div class="tweetmeme_button" style="float: right; margin-left: 10px;">
			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2011%2F08%2F23%2Fwhat%25e2%2580%2599s-your-future%2F"><br />
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<p><a rel="attachment wp-att-1961" href="http://digitallyminded.co.uk/2011/08/23/what%e2%80%99s-your-future/screen-shot-2011-09-09-at-14-20-40/"><img class="alignleft size-full wp-image-1961" title="Screen Shot 2011-09-09 at 14.20.40" src="http://digitallyminded.co.uk/wp-content/uploads/2011/09/Screen-Shot-2011-09-09-at-14.20.40.png" alt="Bottom Line" width="124" height="124" /></a>Evan Davis on the brilliant Bottom Line asked his guests what the business world will look like in 2020. Justin King of Sainsbury’s commented that it’s difficult enough looking at 2013 and 2020 is impossible. Laura Tenison of JoJo Maman Bebe claimed M-commerce would be commonplace, and Michael Birch, co-founder of Bebo said connectivity to the cloud would be the biggest difference.</p>
<p>Such forecasting always reminds me of the BBC’s Tomorrow’s World show where their predictions of robots in every home and self-replenishing fridges proved unrealistic, but here’s my take on the question:</p>
<p>Curators – there’s far too much data content now as people play with media as much as they consume it. Flipboard, Twitter lists and Google+ Circles are starting points but they’re nowhere near what we need to successfully plug in this fire hose. Some uber-smart MIT dropout will leap this forward soon.</p>
<p>Social commerce – some would argue all commerce is social as people often tell friends about their latest purchases; I don’t fully agree. But following trends will be much easier and integrating recommendations, likes and opinions of friends and peers will influence decisions like never before.</p>
<p>One click buying &#8211; as you read about an item in a social network or an article, a right click and ‘Buy Now’ will apply your normal shopping preferences (vendor preferences, sizing, card and delivery details) without anything like a mundane checkout process.</p>
<p>M-commerce &#8211; this is surely the tsunami that won’t be held back. I think conversion on tablets will outclass phones in most categories but phones will be great for repetitive purchases (e.g. simply scanning at the tube station), micropayments and voucher delivery.</p>
<p>Phones – data married with location is a winning formula. Searching will provide different results based on your geography. &#8220;Cross-channel retail,&#8221; will be commonplace as customers in store actually research online via their smartphones. Shopping searches will point you to the local retailer who told Google they have it in stock, not the guy around the corner who is simply listing the catalogue. Your phone’s camera will be able to populate the search, rather than the keyboard (upload a photo of a mate’s watch rather than type Casio G-shock, Google/eBay/Amazon finds it).</p>
<p>Multichannel – retailers are hungrier than ever for sales and they’ll take them any way they can get them. All and sundry will look to improve their transactional websites to compliment their physical stores. Pureplay retailers will encroach on the high street and the smartest will hook paper, web and bricks and motor into a seamless integrated purchasing system (<em>tri-tail</em>, even). Argos and Ikea probably lead this fight in 2011.</p>
<p>Marketplace – this will be the buzzword as the bigger sites aim to carve ever larger slices of retailing web. Amazon don’t just want to sell to you, they&#8217;re happy for you to list items on their site and take a percentage as you sell them to me. Why? Proximity: the more items they get next to themselves, the better. If we’re all on there selling cheaper than each other, the site wins as it gets more customers. If the site wins, Amazon win through commissions. There’ll be half a dozen big name players that dominate this next year.</p>
<p>Customisation – thanks to my surfing history and click rates, as well as my stated preferences, sites will know what content to serve me. My <em>Times Online</em> homepage will differ from yours. Ditto for Play.com and the like. Amazon do this very well now. Soon, the level of intuition will be mind blowing.</p>
<p>Cloud computing – we’re currently thinking about storage and remote access as data and photos are backed up online. But more than that, you’ll hook up many, many things to the net: cars (for servicing and sharing), houses (to monitor and trade energy supplies), even pets. Your dog or cat will have a chip that pings the web and checks their health, their dietary requirements, how far they’ve walked etc. Think Nike+, meets Crufts, meets Bupa.</p>
<p>Direct retail – supply chains are shortening. Wrangler has just opened its first store in the US. They’re very late to the party as big name brands want to showcase their wares without the middleman and follow the over-used, but absolutely true example of Apple. There’s an obvious knock-on here for small retailers who carry those brands and helped establish the business.</p>
<p>Regardless of the specifics of the cloud, or what car you’ll be driving in ten years, if our technology is going to reach anything like its potential, we need much better wi-fi access. This isn’t Korea and ubiquitous and free are unrealistic in the UK, but better pricing policies, simpler access and more connectivity are surely overdue/the starting points.</p>
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		<title>Doug Richard&#8217;s School for Startups</title>
		<link>http://digitallyminded.co.uk/2011/07/24/doug-richards-school-for-startups/</link>
		<comments>http://digitallyminded.co.uk/2011/07/24/doug-richards-school-for-startups/#comments</comments>
		<pubDate>Sun, 24 Jul 2011 19:51:06 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Groundswell]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[New media]]></category>
		<category><![CDATA[Doug Richard]]></category>
		<category><![CDATA[School for Startups review]]></category>

		<guid isPermaLink="false">http://digitallyminded.co.uk/?p=1935</guid>
		<description><![CDATA[I attended Doug Richard’s School for Startups recently. The title is a bit of a misnomer as the day had nothing specifically to do with starting a business, but it did have plenty of action points for marketing. The day was fast-paced with lecture-style talks from Mr Richard and three colleagues. Let’s be honest, you [...]]]></description>
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<p>I attended Doug Richard’s <a title="School for Startups" href="http://www.schoolforstartups.co.uk/" target="_blank">School for Startups</a> recently. The title is a bit of a misnomer as the day had nothing specifically to do with starting a business, but it did have plenty of action points for marketing.</p>
<p>The day was fast-paced with lecture-style talks from Mr Richard and three colleagues. Let’s be honest, you go to see the formidable Doug Richard in action and he opened the sessions with a broad talk about business and how little we actually control. See him in action <a title="Doug Richard" href="http://youtu.be/Y_tVuZD0Geg" target="_blank">here</a>.</p>
<p>I was immediately stunned about how intelligent this [former] Dragon is. He reminded me of an economics lecturer I had who could tell what day of the week you were born on within about three seconds of knowing your date of birth (he’d run a cunning formula in his head).</p>
<p>The 120 or so business folk were scared to answer DR’s open questions for fear of engaging this razor sharp mind. You really do need your A game if you’re going to talk business with this guy, even your own business. A chap in the audience volunteered to describe his own organisation. Big mistake. DR took his ‘elevator pitch,’ highlighted several inadequacies and spat it back at the business owner with such flare that everyone else was writing it down thinking they’d plagiarise it for themselves.</p>
<p>But Richard’s cohort found that uber-sharp standard a tough act to follow. They gave us a social media-is-great talk with the obligatory <a title="Will it Blend" href="http://youtu.be/qg1ckCkm8YI" target="_blank">Will it Blend</a> video. We had a pay per click is-the-quickest-win talk complete with incomprehensibly small screen shots. Finally we had an ecommerce-is-the-place-to-be talk from an ex-Amazon exec.</p>
<p>I’m sure these chaps are great in their own right, but they’d been asked to cut their usual one day training sessions down to an hour or so and you felt they’d done it on the train that morning. Then again, it was government funded social enterprise (free entry) so I certainly couldn&#8217;t say I’d overpaid.</p>
<p>They had 120 or so small and micro businesses in the room and they broad stroked most areas. Granted, there is never going to be time in such bootcamps for massive details, but not one of the team had researched a company in attendance and come with examples of how <em>they</em> could improve what they were already doing online.</p>
<p>For me, social media is about authenticity and credibility and I don’t think SMEs new to the arena would&#8217;ve heard that message. They could&#8217;ve demonstrated more of the beauty of listening; of how to monitor the conversation and engage without stalking.</p>
<p>They could’ve run us through existing clients and demonstrated how their real-world social, PPC and on-page ecommerce work had resulted in X% growth this year for their architect, or bakery, or gym (you get the idea).</p>
<p>The standard for these online training sessions/bootcamps is rarely going to catapult your marketing endeavours, but I have to say these guys did let out several nuggets amongst some pretty awful PowerPoint.</p>
<p>Bravo to Doug Richard for undertaking this philanthropic project. Bravo to his team for willing to give away insight (without charge). And bravo to the local authorities for saying yes.</p>
<p>If you get the chance, please do go – I promise seeing DR’s business mind in action is as an inspiring an afternoon as you can get without involving an Olympic athlete or a war hero.</p>
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		<title>Growth isn&#8217;t always what is says on the tin</title>
		<link>http://digitallyminded.co.uk/2011/07/15/growth-isnt-always-what-is-says-on-the-tin/</link>
		<comments>http://digitallyminded.co.uk/2011/07/15/growth-isnt-always-what-is-says-on-the-tin/#comments</comments>
		<pubDate>Fri, 15 Jul 2011 19:00:22 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Inflation]]></category>

		<guid isPermaLink="false">http://digitallyminded.co.uk/?p=1914</guid>
		<description><![CDATA[The shock non-Murdoch news this week is that inflation appears to have fallen. The CPI rate is down from 4.5% to 4.2%. Most analysts would say the culprits are retailers (especially in electronics) thanks to their prevalent early summer sales, but it helps Mervyn King and his posse keep interest rates where they are, which [...]]]></description>
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			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2011%2F07%2F15%2Fgrowth-isnt-always-what-is-says-on-the-tin%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2011%2F07%2F15%2Fgrowth-isnt-always-what-is-says-on-the-tin%2F&amp;style=normal&amp;b=2" height="61" width="50" /><br />
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<p><a rel="attachment wp-att-1916" href="http://digitallyminded.co.uk/2011/07/15/growth-isnt-always-what-is-says-on-the-tin/vintagecashregister/"><img class="size-large wp-image-1916 alignright" title="VintageCashRegister" src="http://digitallyminded.co.uk/wp-content/uploads/2011/07/VintageCashRegister-450x337.jpg" alt="" width="197" height="148" /></a>The shock non-Murdoch news this week is that inflation appears to have fallen. The CPI rate is down from 4.5% to 4.2%. Most analysts would say the culprits are retailers (especially in electronics) thanks to their prevalent early summer sales, but it helps Mervyn King and his posse keep interest rates where they are, which most would agree is a positive.</p>
<p>But 4.2% feels inconsequential to most businesses that have seen costs rise massively over the past year or so. Utilities are a simple example with British Gas being the latest to announce a massive and non-negotiable price rise last week of 18%. Fuel costs, postage costs, raw material costs from carbon fibre to cotton – all have lifted by far more than four-point-something percent.</p>
<p>Suppliers will tell buyers it’s a globalisation effect, that China’s growth inflates prices, that Japan’s manufacturing inability increases scarcity, that a sterling-euro parity is to blame, that jumps in NI and VAT are a factor. Regardless of the reasons, <em>just</em> 4.2% would be a blessing to many who control the cost of sales in their businesses.</p>
<p>This is why I can’t help but smile when I hear a business leader say with pride that they’re up 5 or 10 or 15% year on year. Sure, in these troubled times, growth is something to cherish, but when it’s a given that your costs have risen, at what point is growth actual growth?</p>
<p>In 2010 and 2011, 10% sounds like standing still to me. How about you, what does your real growth number start at? Or, is any metric in the black, a reason to get the bubbly out?</p>
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		<title>Superdry adds a showpiece</title>
		<link>http://digitallyminded.co.uk/2011/07/07/superdry-adds-a-showpiece/</link>
		<comments>http://digitallyminded.co.uk/2011/07/07/superdry-adds-a-showpiece/#comments</comments>
		<pubDate>Thu, 07 Jul 2011 18:26:59 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Superdry]]></category>

		<guid isPermaLink="false">http://digitallyminded.co.uk/?p=1899</guid>
		<description><![CDATA[Superdry are one of the darlings of the UK high street. The City loves their stratospheric growth rate and they don’t plan on slowing. They’ve announced a flagship store on London&#8217;s Regent Street that’ll be a 59,000 sq ft international showpiece opening towards the end of the financial year. These guys are playing hardball. They [...]]]></description>
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<p><a rel="attachment wp-att-1900" href="http://digitallyminded.co.uk/2011/07/07/superdry-adds-a-showpiece/superdry/"><img class="alignleft size-full wp-image-1900" title="Superdry" src="http://digitallyminded.co.uk/wp-content/uploads/2011/07/Superdry.jpg" alt="" width="217" height="146" /></a>Superdry are one of the darlings of the UK high street. The City loves their stratospheric growth rate and they don’t plan on slowing.</p>
<p>They’ve announced a flagship store on London&#8217;s Regent Street that’ll be a 59,000 sq ft international showpiece opening towards the end of the financial year.</p>
<p>These guys are playing hardball. They opened 21 standalone UK stores in the year to May, taking their total to 60, and also opened 44 international stores.</p>
<p>Not suprisingly their Internet sales also continue to grow, and apparently account for 8% of group sales. They intend on that channel reaching 20%, which is an ever growing slice considering the growth of retail revenue.</p>
<p>When there’s so much doom and gloom about failing British retailers, Superdry are a huge breath of successful fresh air. Planned openings aside though, how the heck will they continue to grow in the UK as they edge towards mass-market and lose their cachet? Answers on a postcard please…</p>
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		<title>Talent doesn’t need words to talk</title>
		<link>http://digitallyminded.co.uk/2011/06/30/talent-doesn%e2%80%99t-need-words-to-talk/</link>
		<comments>http://digitallyminded.co.uk/2011/06/30/talent-doesn%e2%80%99t-need-words-to-talk/#comments</comments>
		<pubDate>Thu, 30 Jun 2011 20:41:33 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Organisational behaviour]]></category>
		<category><![CDATA[Hertzberg]]></category>
		<category><![CDATA[Managing talent]]></category>

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		<description><![CDATA[Few folks undervalue themselves in the workplace. They can mistake confidence for capability and often reinforce that by saying how great they are. Interviewees will tell you how perfect they are for the role; how their skills and experience dovetails your job description, even though they&#8217;re barely out of university or college with little real [...]]]></description>
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<p>Few folks undervalue themselves in the workplace. They can mistake confidence for capability and often reinforce that by saying how great they are.</p>
<p>Interviewees will tell you how perfect they are for the role; how their skills and experience dovetails your job description, even though they&#8217;re barely out of university or college with little real experience.</p>
<p><a href="http://en.wikipedia.org/wiki/Frederick_Herzberg" target="_blank">Hertzberg</a> is widely known for his two-factor theory but I prefer another of his truisms which goes along the lines of: 10% of your team will not be a loss if they depart; the middle 80% do a fair amount of work on a given day; and, if you&#8217;re lucky, 10% will overachieve and push the organisation on.</p>
<p><a href="http://epaley.posterous.com/the-curve-of-talent" target="_blank">Eric Paley</a> describes this brilliantly. He splits that middle 80% into B and C performers. Summarising again, C performers are somewhat productive with sufficient coaching, B performers think they&#8217;re A performers but simply (though not overly common) understand their objectives well and deliver them competently.</p>
<p>Your A performers are the diamonds. They aren&#8217;t content with how it is today. They feel the pain of an unsolved problem &#8211; they look for those problems and constantly strive to find the fix. They&#8217;re restless and never fully happy with performance. No matter how good things appear on paper, they could ALWAYS be better. They&#8217;ll obsess over the end user and the end game whether that&#8217;s a patient, a player, a client or a system.</p>
<p>As <a href="http://sethgodin.typepad.com/seths_blog/2011/05/bar-gymnastics-342.html" target="_blank">Seth</a> says, <em>&#8220;a few people, very few, work to <strong>relentlessly raise the bar</strong>. She&#8217;s the one who over delivers on projects, shows up ahead of schedule, instigates, suggests and pushes&#8230; Raising the bar is exhausting&#8230; Success is not about speeding up the assembly line as much as it relies on individuals able to <strong>create leaps forward.”</strong></em></p>
<p>A performers are happy to retool the whole process, in fact they’re constantly looking to – most others will want the status quo to continue. Nothing is taboo, nothing is off the change agenda. In fact the opposite: change MUST happen.</p>
<p>The challenge then, especially for small businesses is not to be blinded by the overconfident self-bravado and promotion of C and B performers. Having identified them, work on improvements but spend resources courting new and existing A performers &#8211; they&#8217;re the true superstars of your world and they&#8217;re where the future lies.<br />
[No, unfortunately you don’t see A performers in action on <em>The Apprentice</em>.]</p>
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		<title>Has News Corp backed a winner?</title>
		<link>http://digitallyminded.co.uk/2011/04/03/has-news-corp-backed-a-winner/</link>
		<comments>http://digitallyminded.co.uk/2011/04/03/has-news-corp-backed-a-winner/#comments</comments>
		<pubDate>Sun, 03 Apr 2011 19:40:19 +0000</pubDate>
		<dc:creator>nick</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Business strategy]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[New media]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Sunday Times paywall]]></category>
		<category><![CDATA[The Times paywall]]></category>

		<guid isPermaLink="false">http://digitallyminded.co.uk/?p=1847</guid>
		<description><![CDATA[News Corp’s readership numbers are on the up since they introduced their paywall last July. Surely that’s all good news? The Times and The Sunday Times has grown from 50,000 monthly digital subscribers in October to 79,000 at the end of February. They seem to have brushed under the carpet the fact that the growth [...]]]></description>
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			<a href="http://api.tweetmeme.com/share?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2011%2F04%2F03%2Fhas-news-corp-backed-a-winner%2F"><br />
				<img src="http://api.tweetmeme.com/imagebutton.gif?url=http%3A%2F%2Fdigitallyminded.co.uk%2F2011%2F04%2F03%2Fhas-news-corp-backed-a-winner%2F&amp;style=normal&amp;b=2" height="61" width="50" /><br />
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<p><a rel="attachment wp-att-1852" href="http://digitallyminded.co.uk/2011/04/03/has-news-corp-backed-a-winner/sundaytimes-front-page/"><img class="alignright size-medium wp-image-1852" title="SundayTimes front page" src="http://digitallyminded.co.uk/wp-content/uploads/2011/04/SundayTimes-front-page-300x270.jpg" alt="" width="300" height="270" /></a>News Corp’s readership numbers are on the up since they introduced their paywall last July. Surely that’s all good news?</p>
<p>The Times and The Sunday Times has grown from 50,000 monthly digital subscribers in October to 79,000 at the end of February. They seem to have brushed under the carpet the fact that the growth rate is slowing. They also lost 90% of visits the moment the paywall was cemented but that was expected by all.</p>
<p>However, volume isn&#8217;t the same as value because revenues are less online per customer due to their aggressive pricing strategy and smaller variable costs (another 1,000 iPad subs cost virtually zero to deliver, greatly less than a 1,000 physical papers).</p>
<p>It’s a bit disappointing that these figures aren’t broken down across all platforms but the papers say digital is digital regardless of your hardware so we can&#8217;t glean who’s using on Kindle, iPhone etc.</p>
<p>But the most surprising and impressive number is that churn is just 1%. 99% of subscribers in month one, stayed and paid for month two. Wow, talk about sticky.</p>
<p>This is interesting stuff. Tablets are having their 15 minutes of fame and The Times et al will only help reinforce that. Horse versus car; email versus letter; telephone versus telegram; paper versus digital news. All have an obvious ending but the sting in the tail sees all these publishers frantically trying to work out how to monetise their digital content. The world is watching.</p>
<p>Read the <a href="http://www.guardian.co.uk/media/organgrinder/2011/mar/29/paywalls-news-corporation/print" target="_blank">Guardian</a> for a (free) great take on the numbers. You’ve got a savvy business mind, what do you think is the correct model?</p>
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