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Bulls and Bears

  A few thoughts
What is this about ?
    Stock market ?

              Share prices ?
                                           Indices ?
                   Funds ?
                        Primary Markets ?
                                       Actually…No

Bulls and Bears
                                          www.mattersmind.com
How it started

                                   A blog post
                                   of Seth
                                   Godin
                                   started off
                                   these
                                   thoughts !


Bulls and Bears
                                      www.mattersmind.com
What does he say…

           Let's define "bear shaving" as
            the efforts we go to do deal
               with the symptoms of a
           problem instead of addressing
             the cause of the problem.

Bulls and Bears
                                      www.mattersmind.com
How true…



Bulls and Bears
                              www.mattersmind.com
I look around and see…
    • Brand not doing well: Who told you ?
      Somebody who is not even your TG. What do you
      do ?- Implement a branding plan. That's shaving
      the bear.
    Would it not make sense to speak to your actual TG
      first?
    • Productivity is down: How do you know ? Your
      customer tells you so. What do you do ? Increase
      workload. That's shaving the bear.
    Would it not make sense to establish benchmarks
      and assess workforce first?
Bulls and Bears
                                           www.mattersmind.com
• If you look around, you will find many such
      examples at work, at home and everywhere
      else.

    • Let me just say, I believe it is normal human
      behavior to shave the bear.

    Hold that thought for a moment though
Bulls and Bears
                                           www.mattersmind.com
Who are the bulls ?
    Bulls are what they are…Bull headed

                  ‘Escalated to commitment’

    Market scenarios change, but operational plans
     do not. Why ? Because you have committed to
     it. That’s escalation to commitment


Bulls and Bears
                                              www.mattersmind.com
IMAGINE



Bulls and Bears
                            www.mattersmind.com
WHEN THE BULLS AND BEARS MEET




Bulls and Bears
                              www.mattersmind.com
Expect Chaos

Bulls and Bears
                                 www.mattersmind.com
Let us choose a case

      Your customers are not using their
       ‘loyalty’ card frequently enough.

     You are a retail chain with stores all
         over the country. Your stores
          provide a variety of brands.
Bulls and Bears
                                     www.mattersmind.com
Bulls and bear at work
    Bear at work                         Bull at work
    • Set a target on sales staff to     • Change the way your loyalty
      ensure customers use their           program is branded
      loyalty card
    • Incentivize sales staff
    • Change the material of the
      card



                            Guess who’s forgotten ?


Bulls and Bears
                                                        www.mattersmind.com
Your Customer ?




Bulls and Bears
                                    www.mattersmind.com
What does your customer say ?

                  “ I do not use my loyalty card
                     because the points do not
                     correspond to a large discount
                     and I have to wait too long in
                     the loyalty counter”

                          SIMPLE ?




Bulls and Bears
                                         www.mattersmind.com
How do you avoid this ?



Bulls and Bears
                                      www.mattersmind.com
Avoidance
    •   Establish Authority
    •   Establish contact (with relevant entities)
    •   Double check data
    •   When in the doubt, ask the specialists
    •   Listen to common sense, most of the time it is
        right



Bulls and Bears
                                           www.mattersmind.com
For in-depth knowledge on this subject




Bulls and Bears
                                 www.mattersmind.com
Study your surroundings


                  Check cause-symptom relationships

             Have fun doing this ! It is fun, trust me.




Bulls and Bears
                                                www.mattersmind.com

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Bears and Bulls- Personalities at work

  • 1. Bulls and Bears A few thoughts
  • 2. What is this about ? Stock market ? Share prices ? Indices ? Funds ? Primary Markets ? Actually…No Bulls and Bears www.mattersmind.com
  • 3. How it started A blog post of Seth Godin started off these thoughts ! Bulls and Bears www.mattersmind.com
  • 4. What does he say… Let's define "bear shaving" as the efforts we go to do deal with the symptoms of a problem instead of addressing the cause of the problem. Bulls and Bears www.mattersmind.com
  • 5. How true… Bulls and Bears www.mattersmind.com
  • 6. I look around and see… • Brand not doing well: Who told you ? Somebody who is not even your TG. What do you do ?- Implement a branding plan. That's shaving the bear. Would it not make sense to speak to your actual TG first? • Productivity is down: How do you know ? Your customer tells you so. What do you do ? Increase workload. That's shaving the bear. Would it not make sense to establish benchmarks and assess workforce first? Bulls and Bears www.mattersmind.com
  • 7. • If you look around, you will find many such examples at work, at home and everywhere else. • Let me just say, I believe it is normal human behavior to shave the bear. Hold that thought for a moment though Bulls and Bears www.mattersmind.com
  • 8. Who are the bulls ? Bulls are what they are…Bull headed ‘Escalated to commitment’ Market scenarios change, but operational plans do not. Why ? Because you have committed to it. That’s escalation to commitment Bulls and Bears www.mattersmind.com
  • 9. IMAGINE Bulls and Bears www.mattersmind.com
  • 10. WHEN THE BULLS AND BEARS MEET Bulls and Bears www.mattersmind.com
  • 11. Expect Chaos Bulls and Bears www.mattersmind.com
  • 12. Let us choose a case Your customers are not using their ‘loyalty’ card frequently enough. You are a retail chain with stores all over the country. Your stores provide a variety of brands. Bulls and Bears www.mattersmind.com
  • 13. Bulls and bear at work Bear at work Bull at work • Set a target on sales staff to • Change the way your loyalty ensure customers use their program is branded loyalty card • Incentivize sales staff • Change the material of the card Guess who’s forgotten ? Bulls and Bears www.mattersmind.com
  • 14. Your Customer ? Bulls and Bears www.mattersmind.com
  • 15. What does your customer say ? “ I do not use my loyalty card because the points do not correspond to a large discount and I have to wait too long in the loyalty counter” SIMPLE ? Bulls and Bears www.mattersmind.com
  • 16. How do you avoid this ? Bulls and Bears www.mattersmind.com
  • 17. Avoidance • Establish Authority • Establish contact (with relevant entities) • Double check data • When in the doubt, ask the specialists • Listen to common sense, most of the time it is right Bulls and Bears www.mattersmind.com
  • 18. For in-depth knowledge on this subject Bulls and Bears www.mattersmind.com
  • 19. Study your surroundings Check cause-symptom relationships Have fun doing this ! It is fun, trust me. Bulls and Bears www.mattersmind.com