Lessons from Yahoo: Incremental Change Doesn’t Work
In the olden days, companies and corporations were urged to move slowly when the made changes. After all it takes a long time to turn a big ship, right? Change is difficult, right? A leader who moved too fast could end up too far ahead of the organization and end up losing engagement with followers, right?
Market Leadership Truth
In the digital age, many of these sayings are no longer true. In fact, there is a new term in use these days that predicts success based on how ‘disruptive’ a company or technology is. Some companies today still attempt to inflict tight control on behavior of the rank and file, and make sure the company does not move too fast. This rarely produces market leadership. Lessons from Yahoo indicate that slow won’t grow.
This article was inspired by Russell Raath and his great article posted on linkedin today…
“If you’re trying to build yourself… to a marquee internet brand, you need to make bold plays, smart investment decisions, and follow through with exceptional execution.” read more > https://www.linkedin.com/pulse/yahoo-incremental-change-doesnt-work-russell-raath
Market Leadership Action Steps
Why not loosen up, speed things up, reward marketing managers for bold initiative, and reap the reward of having a fully actualized work force?
Where to start? A good SWOT analysis can act as a pin on a map to illustrate where you are now. Good goals illustrate where you want to be in the future. Clarify vision, produce strategic plans, pay attention to branding and messaging. Then….. if it is not working… REPLACE YOUR WEB SITE with something that propels you toward your goals. Every sale start with a lead. The single greatest lead generating asset a modern business can have is a functional and engaging web site with SEO efforts that produce top rank in search engines. Perhaps a proper PPC campaign will show good ROI as well. If you want to lead your market, you cannot just put a toe in the water and update your web site in small steps. Jump in! Make a splash! Make some noise! Get really wet! “The bold shall inherit the digital world (Charles Brite, 2015).”
Copyright 2015, Lonn Dugan
President, BIG Marketing Solutions
Learn more at www.BigMarketingSolutions.com