What Religion is Best for Sales Success?

On September 15, 2009

What Religion is Best for Sales Success?

Frequent Sales Machine commenter IanP recently posted a comment about the impact of religion on sales success.  His experience was that Catholics sometimes have problems with sales success because they've been taught to believe that the physical world is evil.  He also observed that some Muslims "lacked ambition" because they believed that "Allah will provide." Of course, it's easy to find exceptions to those observations, but there's no question that general culture (which certainly includes religion) influences the way people approach the conducting of business.  I've noticed, for example, that Asian cultures seem to lack the "sales reps are either flakes or crooks" attitude that's pervasive in U.S. popular culture. I've also noticed a very high correlation between evangelical Christianity...
On September 15, 2009

Auto Industry On Its Ear: Magna Becoming a Maker

Auto industry analysts said for years that if anybody could do it, Magna would be the first auto supplier to become a manufacturer in its own right. The question was, could anybody do it?
On September 15, 2009

The First-Time Consultant Conundrum

Say you are in a transition period in your career. Seemingly out of the blue, a former employer or colleague contacts you to see if you are available to help with a new project. However, after tentatively accepting your first consulting gig, you start to wonder whether you've accepted a lowball offer for your services. What's your next move?
On September 15, 2009

Can the Elephant Stomp on the Gecko, Farmers and Progressive?

Insurers that "direct" market their auto and home insurance products to consumers through television ads, thus cutting out insurance agents, are doing quite nicely in the U.S. even during the recession. All you need to see is the success of GEICO's "Gecko." But the lovable lizard could soon find itself lost in an unfriendly jungle. Admiral Group Plc CEO Henry Engelhardt has announced plans to launch yet another "British invasion" of this country by selling a "direct" car insurance product that's made it the best performing financial stock on London's FTSE 100 Index this past year. The U.S. unit will be known as Elephant.com "The elephant is the biggest animal in the jungle (and) it could step all over a...
On September 15, 2009

Future Group’s Mythological Marketing

What skills does it take to be good at marketing? Some experts claim that marketing is an analytical discipline: a good marketer must possess robust left-brain capabilities and excel at quantitative reasoning. Others will counter that marketing is too fuzzy a field to be boiled down to a series of mathematical formulas and that to excel at marketing you need right-brain capabilities such as creativity and pattern-detection to unearth unarticulated market customer needs.

In my recent trip to India, I encountered the CEO of a fascinating firm that has judiciously married 'left brain' and 'right brain' marketing to position itself as a leader in its field. The Future Group is India's fastest-growing retailer which several innovative business models under its belt. In a country dominated by kiranas (mom-and-pop shops), Kishore Biyani, CEO of Future Group, has successfully introduced the big-box retail model, but adapted it to fit India's unique socio-cultural context. The company prides itself in designing innovative customer experiences that blend the best of West and East. For instance, its Big Bazaar stores offer customers the convenience of single-stop shopping in a modern retail setting, yet allow buyers to touch, feel, and smell fresh produce like vegetables and spices, which are displayed in big coconut sacks like you find in typical open markets all across India.

My colleagues and I had an insightful discussion with Kishore at Future Group's headquarters in Mumbai. Kishore strongly believes that retailing (and retail marketing) is both an art and a science. He relies on his own creativity and his innate understanding of the Indian market to anticipate customer needs. He believes focus groups aren't always reliable as customers may not properly articulate their latent needs. He asserted that CEOs need to: a) have a vision on how to shape new markets (Future Group's tag-line is "India Tomorrow") and b) execute that vision by relying on their gut feeling — not merely data.

But Kishore tempered his own statement by saying that the Future Group also employs an in-house think-thank which conducts analytical research (like sizing the retail market potential across various Indian rural areas) to help execute the firm's strategic vision and scale it up. As Kishore puts it: "You need science to validate art. But without art, science has no meaning. As CEO, you must keep Kama (creative spirit) and Yama (control) in proper and constant balance in your firm."

Kishore went on to explain that to gain deeper insights into Indian consumers' mindset he also employs India's leading sociologist — which sounded to me like a clever R&D 2.0 strategy. But then Kishore caught us totally off-guard: he said he also applies right-brain techniques for "internal marketing" purpose like employee training and has hired India's leading mythologist to that effect! We wondered whether he was kidding or serious. Noting the doubt on our faces, he smilingly picked up his mobile phone and invited his "mythologist" — Dr. Devdutt Pattanaik — to join us.

Devdutt is one of the world's leading experts on Indian mythology, which includes Hindu epic tales like Mahabharata and Ramayana. Once Kishore conjures up a visionary idea (say, a novel retail store for children or women), Devdutt is tasked with inspiring employees and rallying them around that vision. Devdutt explained that all employee training programs at Future Group always start with storytelling, inspired by Indian mythology. The goal is to galvanize and inspire workers — from store clerks to senior execs — to adhere to the vision by unveiling it as a story drawn from, say, the Mahabharata with well-known characters like Krishna that they can all relate to.

Devdutt pointedly noted that Greek mythology (which Western management gurus and motivational speakers heavily borrow from) won't work in India for two reasons: first, Greek myths center on a single character and adulate individual heroism (Heracles, Odysseus, Achilles, etc). Second, they promote absolute values (good vs. bad). But Hindu myths like Ramayana are cast with multiple heroes and imbued with relative values (e.g., Hinduism considers a bad action acceptable if animated by a good intention). In the highly diverse and complex Indian society, internal and external marketing stories won't sink in unless they embody "collective heroism" and non-Manichean values.

I see two lessons that Western corporate leaders can learn from Future Group:

  1. "Whole brain" marketing and communication techniques that combine both art (gut feeling, sociology, and even mythology) and science (analytics, business processes) are key for shaping new markets and keeping employees engaged.
  2. As Western companies go after global markets that are increasingly complex and diverse , US and European firms must adopt and adapt stories from Indian mythology to inspire and engage customers and employees.
  3. Shall we rename the Chief Marketing Officer as Chief Mythology Officer?

On September 15, 2009

How Economic Upheaval is Changing Company Boards

Most blame for the current crisis has been heaped on CEOs and regulators. But what of boards of directors, who in most companies are charged with an advise-and-consent role overlooking the decisions of top management? The Harvard Business School Corporate Governance Initiative has just published a study involving interviews with 45 prominent directors about what happened in the boardrooms of their companies leading up to and during the crisis, and asking two broad questions: How well did their boards function before the recession? And, what do they believe should be improved as they look to the future? Some questions directors said they are grappling with: Is compliance with laws and regulations something that should be driven by corporate lawyers, or...
On September 15, 2009

Google Fast Flip: The Future of Publishing?

As a longtime magazine writer and a sad observer of the imploding newspaper industry, I've often wondered about the future of publishing. After all, people still want the content -- but paper-based publishing is definitely on the way out. What will replace it? The Web, obviously, but in what form? I think Google's new Fast Flip may hold the answer. It turns Google News into a visual, discoverable, and decidedly pleasant way to read online content. In fact, I'm so enamored of it, I whipped together this quick demo video (which is best viewed full-screen): Free online screen recorder As you can see, Fast Flip is divided into four main sections: Popular, Sections, Topics, and Sources. Within each you can...
On September 15, 2009

Passengers Avoiding Airline Baggage Fees

It's been going on for a while - or as long as there have been baggage check fees - as anyone who's been on a flight can attest. Instead of paying $25 to check a bag, many passengers are taking an oversize carry-on onboard in hopes of a gatecheck for free. Chances are, they will get it. Melissa Rein, a public-relations director from Scottsdale, Ariz. told the Arizona Republic that she used to check her luggage, but now carries it on board. "It's an outrageous fee," she said. "When we try to get away for a little weekend, if we have to pay those fees, it completely devalues the trip." Travelingmom.com advocated bringing luggage on board and garnering a free gatecheck in April: Next time...
On September 15, 2009

When Bosses “Forget” Their Mistakes

Dear Stanley, Aaaah -- where do I begin? What can I do with an administrator (not my direct boss, but someone who can easily make my life difficult and cost my company our contract) who "forgets" she said something and insists she said something else when called on the carpet about it? I was told I was removed from the invite list to a regular meeting in order to "separate two departments." When asked about this by her superiors, this administrator stated that that is not what she said; instead she claims she did this to save me time. (I now have a separate meeting after her initial meeting, with all the same people -- I'm just not included in...
On September 15, 2009

Lululemon’s Measured Growth Pays Off

There aren't a whole lot of good stories coming out of the retail industry right now, but one exception is Lululemon Athletica, a Canada-based women's yoga and running chain that is growing in the United States. The company is performing well in the recession due to a practice of measured store growth. When many retailers find sales success, they start growing haphazardly. That is not the case with Lululemon. The company filed for its IPO in the summer of 2007, and posted a whopping 30 percent same-store sales gain the following quarter, as well as an 80 percent net revenue spike. But Lululemon didn't put stores on every corner like Gap Inc. or Starbucks. The retailer only operates 115 stores...