Here’s a set of analogies for you. See if you can figure out the answer.
Effectiveness : _________ :: Function : Form :: ________ : Activity
Any ideas? I’ll give you a clue. The latter should pursue the former.
Effectiveness : Efficiency :: Function : Form :: Purpose : Activity
Effectiveness should come before efficiency, function should preclude form and purpose should justify activity. Too many times, businesses get caught up in the reverse relationship. Employees and organizations as a whole focus on improving their process or doing something better or more efficiently while forgetting to ask: am I even doing the right thing?
- Is the product my company is producing wanted by my target market? Will it be wanted next year?
- This report that I’m investing hours of time into creating…is it answering the right questions? Is it useful to my audience?
- The meeting that we are hosting, using company funds, will it be valuable to the attendees? Can we justify all of the dollars to our stakeholders?
- The internal email communication I’m sending out to my employees and forcing them to read, is it telling my workers something they need to know? Will it help improve their job? Will it ultimately improve my bottom line?
- This product that we’re rushing to market for a first mover advantage…did we test to see who wants it and why they want it? Do they want it from us?
- Will the networking event we’re hosting help us meet our revenue goals for this month?
- Does this drip marketing campaign provide a valuable offer for the audience? Or am I just trying to show activity?
- Will the focus group I plan to host tomorrow ask the right questions to consumers?
- This compensation structure I just developed, will it encourage the right behavior from my sales team?
- Is our technology solving a problem that our end users need fixed?
The CEO of my company is famous for saying “you can be the best darn buggy whip maker in town, but if no one is driving buggies anymore, you’re going to be out of business”. Those that win in today’s business environment are the ones that change with the market. To do that, you’ve got to make sure you’re doing the right thing before you focus on doing something right.
Filed under: Strategy