Tuesday, May 31, 2011

Why Do We Make Trust A Four Letter Word?

Hi!  Please watch this video of Daniel Newman, CEO of United Visual, who is a very smart and all around nice guy:


Amir and I had the pleasure of meeting with Dan last week to learn a little bit more about him, his business, and his management philosophies.  There were a host of good things that we discussed and I managed to capture some of that on video.  Today, I'd like to capture this first question we asked of him which was specifically around how, as a CEO he grants trust to others.

I've captured some of the things he said that piqued my interest and, needless to say, would like to get your input as well.  When he grants trust, it is because he believes:
  • that someone has the right intentions and has high integrity.
  • that someone is exactly how they present themselves.
  • the solutions offered are out of a genuine desire to help.
  • that it's best to give a little trust ahead of time and watch for results.
  • that because his time is precious, it's best to earn trust quickly because once you're "on the other side it's hard to gain it back."

Dan the CEO versus Dan the person.

You'll notice that in the beginning of the video that I asked him how, as a CEO, he grants trust.  And yet, the answer that Dan gave was as Dan the person and the sincere answer he gave was his personal model that he has adapted for business life.  Obviously, Dan the person is Dan the CEO but the lack of context in the answer is what I thought was so interesting as it could have been in any context.  

So let's talk about this further.  There are a bajillion really good, meaningful and valuable conversations taking place these days about authenticity and transparency in business, social media, etc.  And, you could argue that this question about trust fits within all of those good conversations about how human business interactions are taking place these days.  And you'd be right to do so.

I guess, sitting back, I wonder that we have to have these conversations in the first place.  Beyond our early school years and conversations at the dinner table as kids, we rarely have discussions about the processes we use to grant our trust to others in the context of personal relationships.  It's just something that becomes a part of us as we age, mature, have life experiences (good and bad), etc.  We don't have to over analyze it per se.

So why over analyze it in business?

Chiefly because we behave other than our authentic selves in our drive to win new customers or keep current ones.  The pitch is what matters and we're desperate to push features and benefits of things we want to sell (typically high margin) to people like Dan.  But senior leaders like Dan, though they assess a solution/product on its merits, what they are really looking for is a partner who appears to be the real deal.

Senior leaders like Dan want to sense that the person with whom they are engaging genuinely wants to help -- a radically different thing from someone who just wants to pitch.  As I said in this post, emotional drivers are the ones that make us give or withhold business.  We don't use emotions to justify rational decisions (based on features and benefits).  Rather, it's our emotions that color how we value/assess discrete facts and figures -- and ultimately drive what we buy.

If you don't believe me, I ask you to please watch the video again, share your thoughts and, if you've found this an interesting read, please share with others.

Parissa Behnia
Idea Chef

Friday, May 27, 2011

@garyvee and Vindaloo

If you're from Chicago or have any family/friends who live here, you know that our Spring has been damp and cold with spots of intermittent teasing hours of warmth.  So, I'm sure you can appreciate that occasionally we feel lazy and have a hankering for stick to your ribs food to keep us warm...  And sometimes that means we order Indian food for delivery!

Aside from the requisite samosa, Amir has a love for particularly spicy chicken vindaloo.  He finds it hard to resist its dulcet tones when it calls his name.  He heeds the call each and every time.  And, while there are many great places in town to order vindaloo, there's one place that seems to get his vote.

What's the problem?  

Well, to order from them requires no small effort.  You can't go to their website, you have to go to another site that specializes in deliveries.  Due to poor site design, it takes a while to get to the restaurant you actually want.  And then, it takes a few more minutes to locate the items you wish to order because the item numbers from the actual restaurant's menu on the restaurant's site are different from the numbers on the delivery service's site.

Calling in the order to the separate delivery service is no better -- if you give the restaurant's item number they ask you to go to the delivery site for their item number.  If you don't have the delivery service hard copy menu with you, you're directed to the site with the similar challenges of finding the restaurant and correct item numbers.  If you don't have access to either, well, you may have a problem on your hands.

Oh, and did I mention that delivery takes anywhere from 75 to 90 minutes?  

And yet we still order food (albeit indirectly) and still go there when we don't feel like staying in.  Sure, it'd be easy to go somewhere else because, after all, it's just vindaloo.

But it's not just vindaloo.  It's the favorite vindaloo.  I can't help but think that if it were easier, cheaper, faster, better, etc., to order it, then we'd be doing a lot more of it and we'd be shouting it from the rooftops.  Right now, it's too much of a chore to enjoy it (which I know to be a #firstworldproblem) to do anything more than eat it because it tastes good.

The wine guy is right.  What if vindaloo emotionally connected with us?

On twitter, a friend (Hi Chris!) shared this video of Gary Vaynerchuk.  Please have a look:


Truly, what would happen if ordering vindaloo were a bit easier?  What would happen if instead of us exerting effort to give someone business that it would be someone else exerting effort to make it easier for us?  What if they were to be more like @garyvee and give and give and give without expecting anything in return?  What if they were to thank me for my effort in special (not necessarily over the top ways)? It's simple: we'd order more vindaloo.  And tell our friends to try some, too.

The jig is up. 

Clearly, this is more than just vindaloo.  It's about value.  What is business' view on valuing customer relationships beyond requisite (social) CRM and other loyalty devices?  Frankly, those activities are "keeping the lights on" these days.  

Truly, how much does business value "halo effect" when it comes to how it chooses to relate to its customers either directly or, in vindaloo's case, through a separate entity? Does it take steps to create tangible as well as intangible connections with customers and prospects?

I'd love to hear your thoughts.  If you think your colleagues/friends would have something to add here, please share this post with them.  And thank you.

Parissa Behnia
Idea Chef