Showing posts with label CXO. Show all posts
Showing posts with label CXO. Show all posts

Tuesday, July 6, 2010

If I were CXO of Disney

Still playing with my new experiment. This is number 3!

If I were CXO of Disney I would:
  1. Make grand gestures - I would immediately remind each and every member of the Disney team of the overall vision imparted by Walt and remind them to think and act as Walt would want them to. Establishing the necessary framework for a commander's intent model is only half of the equation. The other half is to show the level of commitment that leadership is making to achieve Walt's vision in order to remove the fear of consequences of "mistakes". I would look throughout the company to find highly visible ways to reinforce the desired cultural behavior and make several grand gestures to walk the walk. The first on my list - dramatically expand the monorail system at Walt Disney World. WDW is supposed to represent the mix of fantasy, adventure and hope for the future. I never knew Walt personally, and I do understand that transportation memes change, but I'm pretty sure that the current hodge-podge patchwork of buses and monorails & shuttles is not what Walt had in mind.
  2. Focus on story telling - Story telling is the heart of everything that is Disney from movies and TV to the park. In past years, Disney seemed to forget this and now with the Pixar acquisition, it seems this has improved but I would work to find ways to spread the concept further into other areas of the business (e.g., Disney TV, the Parks, etc) noting that Disney is at its very best when it is telling great stories. Story telling is not an abstract concept reserved for media communications. Epcot told a story. Space Mountain told a story. The original contemporary hotel at WDW told a story. I would find ways to bring that spirit back.
  3. Bring excellence to the employee experience - Great companies know that while brands are envisioned from the outside in, great brands are built from the inside out. Good employee experience drives good customer experience drives shareholder value. Showing the cast & crew that Disney is a magical place to work will drive the passion that will make Disney magical to interact with.
  4. Make Disney TV parent friendly - The sheer amount of shows that paint parents as mentally challenged is egregious. Disney is on the edge of losing its reputation of wholesomeness. I'm not saying return to the 1950's style Mickey Mouse Club, I'm saying that shows on Disney TV should not consistently make parents out to be clueless buffoons out of touch with the lives of their children.
Rating:

#3 (of my experiment) - getting harder to keep up the frequency, but I still like it.

Losing the essence of greatness - garbage

Wednesday, June 30, 2010

If I were CXO of AT&T

This is the second in a new experiment for me. If I make it beyond 7, I think I'll make it to 30.

If I were CXO of AT&T I would:
  1. Acknowledge risk - I would immediately recognize that AT&T must make a revolutionary improvement in customer satisfaction to prevent a significant amount of churn once the iPhone is available on Verizon.
  2. Tend the root - Actions to improve the network would help, but they are not the root of customer loyalty. True loyalty transcends momentary transactional advantage. If AT&T is to stave off this near-term defection, it must act to win the hearts of consumers and then capitalize on momentum to win back the minds. The hearts can only be won if people truly believe that AT&T is committed to doing more than just short term talk. Start with saying what we mean, and meaning what we say in every communication (i.e., Be Authentic).
  3. Spend like there's no tomorrow - Do the thing we've said we are going to do. Do "everything possible" to fix the network issues. People from government to private industry cavalierly use this phrase with no thought to the actual meaning. It doesn't mean "everything within reason" as most people seem to think. "Everything possible" means doing things at a breadth and speed that approaches recklessness. In order to win the hearts, a gesture must be made - improve the network in the most populous areas "overnight". Set ludicrous goals for improvement and throw enough money at them to make the impossible possible.
  4. Simplify - AT&T bundled plans are industry leading. Capitalize on this and go further. Simplify beyond the realm of what consumers think is possible. Throw away concepts like the "triple play" and go for the "whole enchilada" $200 unlimited everything (TV, phone, wireless, data, internet, long distance, local... etc.). I don't know if the number is right, but the concept is incredible - and that's what AT&T should be shooting for: beyond credulity.
  5. Be world class - make our core service offerings world class. I don't mean "be perceived as world class". I don't mean "look like we are world class". I mean actually "be".
  6. Develop an innovation strategy - scour the enterprise for the best and brightest and find mechanisms to directly and in-directly incent innovation. AT&T lost something big when it lost Bell Labs. Bring that back.
Rating:

#2 (of my experiment) - still like it

intentionally not being #1 - garbage

I want to share something with you: The three little sentences that will get you through life. Number 1: Cover for me. Number 2: Oh, good idea, Boss! Number 3: It was like that when I got here. - Homer Simpson

Sunday, June 27, 2010

If I were CXO (part 1)

This is the first in an experimental series of entries. I am going to pick 10 different companies and explain what I would do if I were hired as the CXO (Chief Experience Officer). I don't know if I'll continue just yet, but I'm willing to give it a shot to see how it works out.

First off, my favorite company to hate, and a frequent bash victim of this blog - Blockbuster.

Discarding the fact that I would more than likely turn down an offer by a company that is doomed to be out of business before 2020 and is squarely opposite in orientation to my principles, this is what I would do...
  1. Start with why - Refocus the company from making short-term revenue to one of providing truly great in-home entertainment experiences
  2. Apologize with a megaphone - Blockbuster recently reinstated the dumb tax and is once again collecting late fees. This action speaks to the fact that Blockbuster exists to make money first and foremost and does not exist to be of preeminent value to people seeking home entertainment. I would immediately and publicly apologize for this misstep, remove the late fee policy and explain how it is antithetical to Blockbusters fundamental reason for being.
  3. Make amends - Just like a past entry in this blog points out, apologies without genuine gestures that show contrition are platitudes and ultimately contemptuous. I would refund each and every late fee collected since the reinstatement in the form of store credit.
  4. Catch-up - Partner with a hardware retailer (Microsoft, Nintendo, Sony, or possibly Tivo) to get downloadable movies off of computers and onto the television.
  5. Fix the in-store experience:
    • The lines are too long and picking a movie from the shelves is too time consuming. Put kiosks in the store for help selecting movies and checking out.
    • Stop yelling "Welcome to Blockbuster" as customers walk in.
    • Upgrade the POS and peripherals (scanner, printer and signature pad) along with the couponing process that barely work, waste paper and power and serve to commoditize the offering.
    • Unify all the CRM systems to enable promotions to be applied and tracked without the use of paper
    • Enable "return to any store"
  6. Fix the multi-channel experience - starting with quantitative and qualitative user research search for opportunities to ultimately improve customers in-home entertainment lives and execute on those that align with the overall brand proposition.
  7. Expand the reach - Put vending kiosks or mini-stores into airports and other locations where impulse meets opportunity. It is critical to integrate these with the overall CRM system and "return to any store" policy in order to drive the sense that Blockbuster exists to serve it's customers in the way that will most fit into their busy lives.
Rating:

My "If I were CXO" experiment - Like it. I Think I'll do it again.

Current customer experience at Blockbuster - Garbage

"No, no, no, Lisa. If adults don't like their jobs, they don't go on strike. They just go in every day and do it really half-assed. That's the American Way." - Homer Simpson