lazybrick.com lazybrick.com
   Home Page -> About Us -> Privacy Policy -> Terms of Service -> Place Your Link -> Add Article
Search:   
Add Url
 

Travel & Accommodation

Careers & Employment

Property & Estate

Business & Companies

Music & Entertainment

Art & Culture

Self Healing

Society & Communities

Sports & Adventure

Games & Play

Healthcare & Treatment

Fitness & Health

Computers & Software

Finance & Investment

Home Family & Garden

Technology & Science

Education & Reference

Relationship & Lifestyle

Children & Teens

Law & Politics

News & Events

Automobiles

Drink & Food

Malls & Shopping

 

Home Page › Business & Companies › Planning & Strategy
 

Will and Vision

 

Remember Chux? The disposable diaper that took the market by storm in 1932?

Of course you don't. Chux saw its product as a luxury item, and happily kept its little throwaway business to itself for almost forty years. Then Pampers came along in the 1960s, supported by a huge, mass-consumer vision with persistence to match, and blew Chux out of the market-transforming baby rearing forever.

And everyone knows the legend of the two Steves-Jobs and Wozniak-who invented the personal computer in someone's garage. Only they didn't. The Altair MITS came to market long before in 1975. It's just that Steve Jobs had the mammoth vision of a computer on every desk; and Apple II became the first PC hit.

I just finished reading a brilliant book titled Will and Vision-How Latecomers Grow to Dominate Markets, by Grard J. Tellis and Peter N. Golder.

This book takes the concept of vision and makes it concrete, demonstrating sixty-six cases where a huge vision of value for a market combined with persistence and indomitable will, made the ingredients for blockbuster success. Along the way the authors bury the concept of first mover advantage. They offer numerous examples of companies that arrived second, third or later, and went on to dominate their markets.

So what does Will and Vision say are the key elements of success?

The authors-academics grounded in research-not than starry-eyed growth consultants like yours truly-carefully reviewed the historical record: vision was the number one element.

That's right. Big fat vision backed by persistence, will, and relentless innovation.

Today's world offers many choices. People who lack vision are apt to drift to the next appealing project as soon as things don't go the way they planned. They lack persistence to achieve anything important.

Will and Vision offers us a different kind of world. (Of course I'm biased. I've been shouting about vision and commitment for years.) We aren't talking about a "vision" that's sloganized and prettified and pasted on a plaque. We mean the kind of vision that highlights the importance and value of a product or service to many people and ultimately points the way to a new future. And, of course, requires a 100% commitment to bring into reality.

More mass-value vision examples, from high tech and low: Dell computers, not IBM or IMSAI; Sony video recorders, not Ampex-who gave up a ten year lead; Microsoft Internet Explorer-not Netscape, or its predecessor, Links; McDonalds' Ray Kroc-not the McDonald Brothers; Gillette-not Wilkenson Sword.

Mass market + high utility = big vision.

Seeing what no one else can see. Having a new world view.

Leaders in each of these companies owned a view that extended further than any of their predecessors.

And that expansive vision enabled these people to gain access and leverage the resources (Key #4), maintain the persistence to bring the vision into reality (Key #2), and sustain relentless creativity and innovations (Key #3), over a period of years.

Here are a few points about a successful vision taken from the research:

  • The vision must be unique. Not uniqueness of product per se, but unique in the way your product serves the world;
  • The vision must be simple and easy to grasp;
  • Seeds of the vision typically exist in some form in other products or services; (Thank goodness we don't all have to be inventors or originals-only visionaries!)

The new vision may be of a thing for which there no market-yet. (This last bit is illuminating for any of us stuck in market research.)

And some important points regarding will:

  • Reaching your vision may take a long time. Vision without will won't get you there. Only great commitment can;

  • A misplaced belief in luck or other unseen forces hinders our ability to persist. We will find evidence that no such luck exists, and use that as an excuse to quit.

  • And this great insight: persistence can manifest as a series of minor solutions, and contrarily, complacency in small successes can be a barrier to innovation that farsighted vision requires.

Some additional tips for long-term success:

  • Maintain a continuous feedback loop and solicit others' opinions regarding your execution;

  • Keep a sharp eye for market changes, and be willing to respond quickly;

  • And as Andrew Grove suggests, paranoia drives innovation. A healthy fear of competitors sneaking up on you can keep your product or service fresh;

So how big is YOUR vision?

Is your vision big enough to drive the kind of success you seek? Is your vision large enough to sustain you? Is it important enough to mobilize the resources necessary for its realization? Is it sufficiently inspiring to partners and employees and customers and investors-and all the other people you need to be successful?

If you don't think it's big enough, it may be time to get your vision checked.

---

Copyright 2004 Quantum Growth Coaching. All Rights Reserved

Special Requirements for Reprint: we ask only that you include Paul's name and resource box, and keep all hyperlinks as live links.

Author: Paul Lemberg
 
Author Bio:
Paul Lemberg is a notable scripter. Paul likes to pen down articles about this field.
 
 
 

Related Articles

 
Communication Barriers and Simplifying the Communication Process
 
Apply To This Job Now! While Supplies Last... (Not Available In Any Store!)
 
4 Things Your Clients Want From Your Company
 
How To Be Successful With Internet Home Based Business
 
The Placement Crash - The Failure of PR in the Conversation World
 
Are You a Winner or Whiner?
 
Work-at-home Business Opportunities Are They Safe?
 
Commercial Energy Conservation
 
Public Relations for New Enterprises
 
10 Steps to Creating Your Smalll Business Disaster Plan
 
 
 
 
 

8 Things You Must Do If You Want To Have A Working Ecommerce Web Site

Find out what Ecommerce websites need to be ready to sell their products and services over the Inter ... - Bre Hopkins
 

The 10 Cornerstone Principles of Marketing

Marketing results are only as powerful as your marketing systems. To build your marketing system you ... - Catherine Franz
 

7 Steps To Having Prospects Calling You, Instead Of You Calling leads

Since the title of this article caught your eye, you probably hate cold calling just as much as I di ... - Mike Claggett
 
 

Preparing For Your Media Interview

Media interviews are an important part of an overall public relations campaign. Any size company fro ... - Judy Jernudd
 

7 Critical Business Financing Mistakes

Business financing mistakes can be hazardous to not only your business growth but your very business ... - Brent Finlay
 
 
Home Page -> Privacy Policy -> Terms of Service
Copyright © 2008 www.lazybrick.com