Showing posts with label the experience economy. Show all posts
Showing posts with label the experience economy. Show all posts

Thursday, February 20, 2014

Do you remove your theatrical HAT daily ? (Off Topic)

" Every business a stage and work is a theater." Pine & Gilmore in their famous book 'The Experience Economy'.

Yes in a sense therefore every enterprise must know HOW to perform on stage to create scintillating experience for their customers. 

But other-side of the quote is equally relevant & powerful. Once you are off stage you must stop performing and start living. Usually that is a difficult proposition. 

A military men will behave like military men even in his house with his family and in his social circles. Same applies to Police men and for many other professions. An auditor will always tries to find faults with everything he encounters even when he is not actually auditing. A lawyer will always have legal angle in his personal and social life situations. A boss will mostly act bossy in his house and social circles.

Removing theatrical hat is very important as well as difficult. We become the role we play on stage. It is only the real on stage actors know how to remove such hat and live normal and natural life unlike the on stage roles they play. 

Amitabh Bachchan and the likes will not act police or goon at home , they will be natural human being different form their on stage characters. Position of power & preference is only during on stage professional and business performances. When we try to mix up our on stage roles with our personal and social roles, difficulty starts.

Family relations for all are common  - husband, wife, father, mother, son, daughter etc and friends for everyone  be it lawyer or beggar. They expect us to behave normally without our theatrical hat. 

Are you removing your theatrical HAT while with them ? Next time be conscious about the on stage hat you are wearing and removing the same when you are off stage. Life will be a different experience.

Monday, February 3, 2014

Brutal Focus on Customer Experience (CX)

Apple is known for their sharp focus on  CX. 

Perhaps they are the leaders. 

They take care of even 'box opening' experience of the customer. 

Recently I read their sharp customer focus as defined as Brutal Focus on CX. The word BRUTAL which otherwise used in negative connotation was used to define extreme positive connotation. 

There is a new book in the market titled Stuffocation. Author James Wallman explains us that in the new economy where everything is produced in plenty & costumes have variety of choices, how do marketeer / sellers differentiate in this crowded market?

In this new economy people are now fed up with stuff they have in their cupboards and homes.  New age customers want experiences. These customers are defined as eXperientialist customers. They need experiences. Experiences to immersed with, experiences to recollect, experiences to feel differently.  Even manufacturers , mall , retailers & service providers can create experiences - which are pleasantly memorable & worth sharing. Customers do not need to go on holiday or theme parks to get experiences.

There are examples of accounting firms, dentists , computer service businesses that are creating superior customer eXperiences.

Here lies a challenge and an opportunity for every enterprises. In the Stuffocation world
it is the experience economy that rules. 

Brutal Focus on CX - Apple  (Manufacturing & retailing)
Extreme Customer Orientation - Gjensidige Insurance Company (Service Provider)
There is a Book on The company's CX way of doing business - Starbucks (Retailing)
Customer Experience Co-Creation - Fidelity Mutual Funds (Service Provider)
Entertainment Business at 25000 feet above the sea level - Virgin Airlines (Travel)
__________________ - Your Company? 

Filling this blank will give direction to your enterprise and working on it will give competitive edge

Indian customers are eagerly waiting for a brand that can be matched with best in the world in CX creation.