Dora the (Business) Explorer: How to plan work-ations that will grow revenues, part 1

November means it’s time to think about turkey and very soon about mistletoe. But, in our business lives, we translate this time of year into pressure for Q4 results, with next year’s Q1 expectations looming in the not-too-distant future.

'Tis the season...

In companies all over the country I hear quiet cries for help: 2010 has been a challenging year for many industries with the impact of low interest rates haunting some businesses, not-yet-recovered consumers challenging others, and global pressures hitting us all.

The world of commerce isn’t for sissies, so we can’t afford to quake, tremble, or stay put very long. It’s time to rally once more before the end of the year and take action.

Q4 expectations

What would be the most powerful thing a business leader can do before year-end? It’s probably too late to change course too dramatically for the next eight weeks (although sales forces can perform their final rally to reel in some fence sitters). But, it’s not too late to get creative.  In other words, to carve out time to ask ourselves if a fifth grader were going to end the year with a bang, WWAFGD (What Would A Fifth Grader Do)?

The answer is clear. Take a field trip.

In business, we should create our own versions of what kids know naturally (and, what one of the folk heroines of the younger set, Dora the Explorer, demonstrates) when we’ve had too much reading, writing, and arithmetic.  We need to change scenery for awhile and get ourselves re-stimulated. We need to arm ourselves with curiosity, questions, fascination, and in Dora’s case, a monkey and a backpack, and hit the road.

Dora the Explorer says, “Pack your backpack!”

We need to plan at least 2 work-ations (vacations without the long flights) that will get our juices flowing about new ways to tackle our vexing issues. This week and next, I’ll share some of my recommendations, but the rules for why and how to “work-ate” are:

1. Why: Businesses learn from cross-industry insights. Studying another company’s approach to building consumer loyalty can inform our own and we can adopt someone else’s ways to kick up our offerings a notch.
2. How: Pick a company that rocks at something you’re trying to get good at. Ask yourself where your business is stuck and think about who’s doing a killer job in that arena. Then, go and visit (informally or by appointment—both approaches have merit).

Top Ideas for Work-ations to End 2010 with a Bang

(Part one this week; part two after Thanksgiving.)

1. Vexing issue: Customer loyalty.
Work-ation idea: Cooper’s Hawk Restaurant and Winery (Chicago)

Cooper's Hawk: hot concept for cross-industry immersion

I walked into this restaurant-qua-winery-qua-wine-bar and experienced unbelievably memorable service. The place boasts a cool environment with over-the-top customer focus. But wait, there’s more. It turns out that even at a time when many restaurants at this price point are struggling, Tim McEnery has created much more than a fantastic service model. He’s actually built a very loyal following with thousands of diners joining their wine club, and coming in every month to claim their (very affordable and great) bounty. You figure out the math. No wonder they won the Hot Concept award in 2010.

2. Vexing issue: Brick and mortar real estate.
Work-ation idea: Pop up stores (Dick’s Sporting Goods in Pittsburgh, Toys R Us Express 600 locations nationwide)

It was only a matter of time before commercial rents squeezing from one side of the vise grip and internet sales pushing from the other would yield a smart alternative to fixed rent—the popup store. It’s like the compactness of a cool Airstream trailer with the merchandising spirit of Barbie’s Dream House.

Pop-up stores: Brick-and-mortar meets Just-in-time

All accessible with updates via Twitter and other social media, many designed to be highly seasonal. Check out an example like Scratchproof Jackets in Sacramento California, Dick’s Sporting Goods in Pittsburgh, or Toys R Us, and be prepared to be inspired.

3. Vexing issue: What is the value of social media for business?
Work-ation idea (stay at your desk for this one): Follow some people on Twitter.

We’ve all heard opinions on two extremes of the social media spectrum. On the one hand, we see those fifth graders removing vowels from the words “Oh,” “My,” and “God,” and sending what we dismiss as meaningless drivel to each other, nonstop. On the other hand, we see that Martha Stewart has started to tweet. An easy work-ation idea—follow a couple of people on Twitter for a day (http://www.youtube.com/watch?v=FsFmaCEOqyw&feature=related). Below is a short video that gives the overview for business and http://www.associatesdegree.com/2009/09/14/100-best-twitter-feeds-for-savvy-business-students/ gives you a great list of Twitter hotspots to follow, like @mint and @zappos and @richardbranson.

http://www.youtube.com/watch?v=gUhfDpCHeZ0

OODA

Dora the Explorer

Do-do-do-do-dora!

Do-do-do-do-dora!
Let’s go!

Dora, Dora, Dora the explorer!

DORA!

Boots and supercool exploradora!

Grab your backpack! Let’s go! Jump in!  Vamonos!

You can lead the way! It’s Dora, the explorer.

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QWERTY, the case for new Fundamentals: How to pack a meaner (and leaner) Remington

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Many companies have habits ingrained in their cultures or their operations that also originated because they solved real problems at the time. But, as circumstances evolve, the business leaders who do not adapt are left behind.

Consider the quote from Reed Hastings, CEO of Netflix, who believes that their relatively recent business model is doomed. Doomed. The innovation of shipping DVDs and now the ability to download movies via the Internet is rapidly giving way to an explosion of technologies and delivery systems that will leave Netflix in the dust if they don’t adapt rapidly to a changing business environment.

R2-D2, the death of research and development: How to get a bazillion great minds to tackle your biggest challenge

The days of traditional Research and Development have been replaced by a new approach to discovering and developing strategic ideas that will drive business. The new R & D is based on Reaching Out to large crowds of talented people and Driving Innovation by engaging a wide range of individuals and teams from all over the world in thinking hard and working hard on solving your company’s most vexing problems. A bazillion great minds can now tackle your biggest business challenges.

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Business leaders are swimming in facts and information, but need better ways to find the things they’re looking for and more powerful ways to link information to see patterns in the data that will drive decisions. The new generation of tools for searching and seizing information, for calculating and measuring, and for figuring out what you need (even if you can’t define it precisely) are bringing new power to business professionals.