"Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple."
"Please explain the problem to me slowly, as I do not understand things quickly."
"Smooth seas do not make skillful sailors."
"If your actions inspire others to dream more, learn more, do more and become more, you are a leader"
"I have always found that plans are useless, but planning is indispensable."
The Dangers of USP
Defining a unique sales proposition, or USP, has become part of business mantra. I’ve sat in many meetings with boards and senior management teams and heard someone challenge the group with a question like, “What’s our USP?” The response is usually the same – people grasp onto the question and begin furiously trying to either define or redefine their business/product/service USP as if it’s the missing magical ingredient for strategy.
The point of a USP is to help a product or brand stand out in a crowded market place because of the qualities that make it different. Whilst this is important there are some significant traps in overplaying USP:
Firstly, and most importantly, USP puts the focus on the business rather than on the customer, and this seems the wrong way round. The danger here is that corporate introspection can lead to ideas and thinking that aren’t aligned to customers. Jeff Bezos, founder of Amazon, keeps driving his business to obsess about customers. In an article with Harvard Business Review he said, “we’ve made a number of decisions siding with the customer that have been questioned by well-meaning critics, Wall Street analysts, and industry analysts. I’m talking about things like free shipping, relentlessly lowering prices, Amazon Prime.” Amazon’s ideas and thinking have usually been driven by their deep understanding of their customers rather than by trying to identify what makes them different.
Secondly, the meaning of the unique part of USP is often strained when it’s used. I recently read a business article that said, “Tesco and Asda can genuinely use low prices as a USP.” Really? Both of them? Often others are doing something similar but fortunately uniqueness is not always important to customers. Continuing with the example of supermarkets, it’s often convenience and location that guide purchasing choices and not just so-called brand differences.
Whilst it is useful to identify USP it may be far more critical to discover how to make a difference to the lives of customers. Bestselling marketer, Bernadette Jiwa, writes in her book Difference, “People don’t want to be sold for the reasons you think your brand is better or best. They don’t want something different. They want something that makes a difference.”
Here are some questions to help you think through USP and difference:
Culture, in organisational language, is often said to mean, “what we do around here.” Often culture can seem ambiguous and less important than hard measures such as revenue, delivery or productivity. Yet leaders usually discover the true value of culture when confronted with negative staff behaviours or obstacles to strategy implementation.
The great management thinker Peter Drucker said, “Culture eats strategy for breakfast” and this has proved true so often, as the following two famous examples show:
Read more…Best Books of 2013
These are my top five 2013 books that help leaders with direction or wellbeing. These are books I’ve read in the year rather than were published in 2013.
Read more…