Strategy 4 Saturday (<4 minute read)

  • Burnt Popcorn
  • The Customer Experience
  • How to Find Your Bestseller
  • 40 Strategy Planning
  • Measure Success Podcast | Scott White
  • Coming up this week | Author & Leadership Coach | Brad Giles
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Burnt Popcorn

On Thursday night, I was one of the parent volunteers at the girls high school soccer game, and my assignment was to make popcorn. We have to go back to 1992, at the 3-movie theater, in the previously standing Tanasbourne mall with the last time I had made popcorn in a commercial size popcorn maker.

(Btw, this was also one of my favorite jobs when I worked as a projectionist slicing film, but that’s for another day.)

At the beginning of the assignment, I heard these simple 60-second instructions:

1) Take large cup and fill with popcorn kernels

2) Add salt to that cup

3) Pour that into the heater

4) Add 1/2 cup oil/butter into the heater

Initially, there was enough popcorn, so I had to fill the bags with popcorn into the tray, so the cashiers could grab the food for the fans and customers. I was NOT very good at this. I burnt my hand a couple of times against the heater, spilled popcorn everywhere (it took me at least 30 minutes to see this feature), and felt like a fish out of water.

Secondly, I was distracted because my daughter Abby was playing in a soccer game. (In the Abby link, cool video about her, forgive the proud Dad.) They are currently ranked #1 in the nation. Therefore, at every opportunity, I tried to watch the game through a narrow window at the back of the stand instead of replenishing the popcorn bags for the customers in the front.

Uh oh…I had to make my first batch of popcorn.

I FAILED!!! BADLY!

The problem with failing at popcorn is EVERYONE knows you failed at popcorn. Burnt popcorn is one of the worst smells in the business. It has two points of failures, 1) It smells terrible 2) For the customer, this means they don’t want to eat popcorn now or anything else for that matter.

Somehow, I missed the important instructions that there was a switch that rotated the kernels and oils in the heater. It was turned off because it is a bit noisy.

Without this, the popcorn was sticking in the heater and burning. Plus, you had to time the flip for the final popcorn kernels that would not pop out of the top. This took a few additional batches to figure out.

Needless to say, I had to throw out a lot of burnt popcorn. Family and friends seemed to enjoy waving and smiling at me. Fortunately, the volunteers inside were kind.

Next, the popcorn rush occurred, and I had to rush several more batches. Fortunately, I was able to navigate the rush and customers were served.

graded myself a C- on this assignment. That may have been a generous score.

The Customer Experience

After the game, we had a few extra bags of popcorn that we gave to kids in the crowd. I talked with a few people about my experience, and they had no idea there was burnt popcorn. Matter of fact, they said the popcorn TASTED GREAT!

Working with manufacturing companies, there tends to be this huge pride with making the best products in their industry. If you may, they want to make the best popcorn (products) in the world. They want their customers to be SO HAPPY! And I love this passion, I truly do. This is one of the reasons, that I love to work with manufacturing companies.

However, companies run into two common problems. BTW – this is not just a manufacturing problem, the same issue occurs with service companies.

Problem #1: They view the customer experience from their own INTERNAL experiences. Meaning, they feel like they are making BURNT popcorn, because they see the popcorn being spilled on the floor, and they smell, feel, count all the quality problems with the entire manufacturing and internal human management process. These problems gets passed onto the sales team, and they lose confidence in their products. Internally, they may feel like C- players.

However, the customer only cares about getting their popcorn when they want it, with the expected quality. The customer rarely sees the internal problems. Yet, somehow, we feel compelled to share it when the customer does not get the product when they want it. The customers often don’t care. Matter of fact, when we tell them too much, they may look for another source.

Problem #2: Manufacturers think the customer doesn’t just want popcorn. No, they think they want to have popcorn with different colors, and different salts, and different flavors, and special bags and different sizes, and they want imported popcorn and different butters…do you get the picture?

The reality is, most customers, just want regular popcorn cooked properly with the right amount of salt and butter. PERIOD.

Finding Your Popcorn

Most companies would be far more profitable if they would find their best popcorn (products) and stop selling the rest.

One of the approaches to find this magic and elusive popcorn is to ask the customer.

Hi, Mrs. Customer, what popcorn do you want? What popcorn do you want tomorrow? What features would you like with this popcorn? How much would you be willing to pay for it?

This is what we do with product and market research. When this is done well, it can be extremely valuable.

However, the customer has already told you.

Answer: It’s your best-selling products.

Look at your best-selling products and conduct a Pareto-Analysis. This will help you find the approximately 20% of your products that are providing nearly 80% of your sales. The inverse is true, the other 80% are providing roughly 20% of your sales.

Take a deeper look, what is the gross profit for your products, inventory that you have to carry to sell the product, and how long do you have to keep it on the shelves for maintenance purposes? How easy is the product to make? How many quality problems do they have? Is there burnt popcorn everywhere?

Sometimes the best decision, is addition by subtraction.

After conducting this type of research, you will find your bestselling popcorn. The popcorn that nearly everyone likes, without having to convince them.

Example Pareto analysis below from Qlik Community

 

40 Strategy Planning

Internally, we are scheduling time this October to conduct our own strategic planning. It’s important that we walk our talk. We have so many opportunities, we are prioritizing our efforts to double our impact in 2024. Will keep you up-to-date with our progress.

Our 2023 calendar is almost completely booked for strategic facilitation for clients. If you are looking for support to increase your impact for 2024 and beyond, please email carljcox@40strategy.com or admin@40strategy.com to book a time.

Measure Success Podcast 

Scott White I How to make the most out of the time you have, with The Life is Too Short Guy

How often do you operate at the intersection of urgency and happiness to pursue what you want most out of life? And how much are you missing out on when you push yet another goal to “tomorrow”?

Figuring out how to take advantage of now, live life to the fullest, and use your time wisely: these are all strategies that my latest Measure Success guest, Scott White, has written and spoken about. And he brought them to this audience on Tuesday, October 3rd.

Scott White,The Life is Too Short Guy, is the happiest guy you will ever meet. After spending over a decade in investment banking on Wall Street, he took a chance and became an entrepreneur and business builder. Today, he is Chairman and CEO of a public real estate company. Now he’s on a mission to make the world happier, one smile at a time.

Tune into the full conversation for more on some of the core principles of Scott’s book, why what you think in the morning is so important, how to avoid the most common regret that people on their deathbed have, and a lot more.

Brad Giles I How to build an enduring company, with strategic expert and author Brad Giles

What’s the difference between companies that last for decades… and those that wither away after only a couple of years?

That’s been one of the biggest questions in business for generations. It could be one YOU are wrestling with, too, if you’re a leader trying to make sure your organization sticks around for the long haul.

Luckily my latest guest, on the Tuesday, October 10th Measure Success Podcast has some of the answers you need.

Brad Giles has more than 20 years of experience as a serial entrepreneur, strategic planner, and leadership coach. Brad is the author of “Onboarded: How to bring new hires to the point where they are effective, faster” and “Made to Thrive: The Five Roles to Evolve Beyond Your Leadership Comfort Zone,” a prescriptive guide on how to become a great leader. Each week, Brad co-hosts The Growth Whisperers podcast and writes a weekly newsletter, both of which discuss how to build enduring great companies. He’s also the founder of the strategic planning and coaching consultancy Evolution Partners.

As our podcast and blog are free for you, here is the link to share with someone else to sign up. (It works today, thank you, Chris, for the note)

 

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