![]() Financial Daily from THE HINDU group of publications Monday, Apr 21, 2003 |
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Mentor
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Books Columns - Reading Room Don't wait to set your goals
CHOOSE your goals, stay motivated, and attract success. How easy to say all that! But that's what Wendy Buchingham advises in Ready Set Goal! if you want to make your dreams come true, and if you want to take control of your life. A sampler:
Plug in this book in your reading goals.
Surviving at the top
IT IS tough to be a CEO these days, because there is savage press coverage, boards could get warring, and public is distrustful. All this puts more pressure on the man at the helm and Jack Trout offers a top management survival guide in A Genie's Wisdom to teach things such as: how branding works, how to design a product strategy, how to get pricing right, how to choose and use logos and how to avoid the most common marketing mistakes. Interestingly, the book is "dedicated to those who have had it with the academics, consultants, and con-men (women) who want to make marketing far more complex than it has to be". Read on: Rank product opportunities. This is where the numbers come in as you determine which products offer the most profit potential if the job gets done properly. Can this product or service command a price premium? Is it a new-generation idea that can help you establish leadership? Is it a commodity business with established competition? Opportunities are hard to spot because they do not look like opportunities. They look simple and obvious a lighter beer, a safer car, a store that sells only toys, a pizza with better ingredients. When a company has offices full of marketing people, you've got to expect endless tinkering with a brand. It's how they keep from getting bored. Unfortunately, what people inside the company may perceive as `improvements' only cause confusion inside the mind of the prospect. In the long run, every market becomes a two-horse race. In batteries, it's Eveready and Duracell. In photographic film, it's Kodak and Fuji. In mouthwash, it's Listerine and Scope. In hamburgers, it's McDonald's and Burger King. In sneakers, it's Nike and Reebok. In toothpaste, it's Colgate and Crest. Researchers may promise to reveal attitudes, but attitudes are not a realistic predictor of behaviour. People often talk one way but act another. When you ask people why they made a particular purchase, the responses they give are often not very accurate or useful. This is why what they call focus groups are a waste of time and money. Arrogance is the first sin. It works like this. Success often leads to arrogance and arrogance leads to failure. Objectivity is what's needed. Lot of wise words. (Books courtesy: EastWest Books (Madras) Pvt Ltd. ewb@vsnl.com)
Genius inside
WHAT is creativity? Why do some people seem to have so much of it? What's their secret? Can their methods be learned? Michael Michalko seeks to answer all these questions in his book Cracking Creativity, providing all `the secrets of creative genius'. A few snatches:
Similarly, if you force yourself to come up with 40 ideas, for instance, you put your internal critic on hold and write everything down, including the obvious and weak.
Making your problem more abstract may suddenly create a space between thoughts sunk in the details of some perception. Instead of getting mired down classifying the mite or fungus, Darwin asked the grand question, "What is life?" A book that should be read by the creative ones to find out how to go beyond what Michalko says. (Books courtesy: Landmark, Chennai. www.landmarkonthenet.com) Tailpiece >"I usually allow judges' cars to overtake mine." "Because you revere them?" "Not exactly. I just want to let my car tread the path of law, even if I don't."
hindubusinessline@hotmail.com
D. Murali
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