One day
while I was driving on the interstate, I came upon a herd of cattle. You may
not think that is too unusual. Many interstates pass by farms. I am not talking
about a herd of cows in a field beside the interstate. I am talking about a herd of cows on the interstate. You see there had
been a cattle carrier that had collided with a car. The accident caused a broad
gash in the side of the animals' trailer and they had simply left the truck and
wandered onto the highway. As you might expect, they stopped traffic in both
directions as they unpredictably ran from median to the middle of the road,
from the road to the other side of the interstate. They were easily spooked.
When one made a move, they all nervously followed. At one moment they could all
be standing beside the road. In the next instant, they all ran to the
centerline. And since they were so unstable, traffic on the highway came to a
standstill.
So how do
you get a herd of bovine off of the freeway so traffic can move again? What is
the solution? Some people tried to beep their car horn at the cattle in the
middle of the road, like that would make them all get back on the truck
carrier. Some people called the local radio station so their traffic reporter
could let all the travelers on the interstate know about the cattle. They
communicated the situation in a very professional manner, but that did not
solve the problem. One guy got out of his car and started waving his hat in the
air. Again, the cattle did not react to his hat waving. Finally a local farmer
came on the scene. He slowly approached the livestock with a rope. He put the
rope around the head of one of the cows and led it to the side of the road and
tied it to a fencepost. The rest of the cattle followed. He then brought out a
pair of long-handled wire cutters and opened up the fence along the side of the
road. He worked with a couple of other guys and they soon had the fence opened
up and pulled back. He then led the cow with the rope around its neck to the
other side of the fence. The other cattle followed. Then he simply pulled the
fence back to its original location. And just like that, the traffic problem
was solved.
How does
this story relate to your marketing experience? For one, in the midst of chaos,
people can come up with some odd solutions. For instance, if you find that your
market takes an unexpected turn, some people will suggest you communicate more,
toot your horn at a greater decibel, etc. In other words, they will suggest you
do the things you are doing now, just a little bit larger and somewhat louder.
Make a new brochure. Create a new web site. Send out a press release. All of
which will probably not fix the problem. The solution to big surprising problems
typically comes from a source outside of you or your company. You need an
expert who can help see the problem for what it is and give you a solution. In
the case of the cattle on the interstate, there was nothing anyone could do
while sitting inside their car. It took a farmer, someone who knew a little
something about large livestock - that understood that cattle are herding
animals - to get out of his vehicle and approach them with a very simple tool -
a rope. Sometimes the solution is not complicated, it is just different than
what you have done before.
One of the
jobs of marketing is to remove obstacles so sales can take place. There is an
old tool that was developed long ago by Albert Humphrey from the Stanford
Research Institute known as the SWOT analysis. SWOT stands for Strengths,
Weaknesses, Opportunities and Threats. If you have been through a marketing
class, you have probably studied this simple analysis tool. Humphrey taught
that Strengths and Weaknesses are internal functions. The products you sell may
be of high quality - a strength - but your delivery time is slow - a weakness.
These are internal functions that, by changing the ways you do business, you
can change.
Opportunities
and Threats are a different story altogether. They are external to your
business. They are things such as economic conditions, a premiere customer who
is expanding or contracting their business, good or bad news that is reported
about your industry, etc. Opportunities and Threats call for you to react with
your marketing efforts in a way that either enhances your business or shields
you from harm. This is where the big surprises enter the picture. And because
they are outside of your control, they can be unpredictable. Big opportunities
often call for you to react to the needs of your customer and to give them a
clear view of your strengths. Threats call for you to navigate around problems
without exposing your weaknesses. And both can switch positions. How so? If you
are not careful, opportunity can take all of your efforts and it becomes a
threat to the rest of your business. Likewise, the threat can expose a problem
you are well suited to fix and therefore it sometimes turns into opportunity.
For instance, suppose the manufacturer of the animal carrier that was involved
in the accident that released the cattle took note of the problem. Suppose the
local newspaper reported that his product did not withstand the sideswiping
crash. That manufacturer may have a threat on his hands. But if he chooses to,
he could build bumper guards on the side of his carriers that would absorb this
kind of collision without ripping open the carrier walls. Suppose he came up
with a whole new line of safety carriers that were endorsed by insurance
companies, who gave discounts for livestock transportation companies who used
the safety carrier. The threat becomes opportunity.
In either case, you can tackle
neither opportunity nor threats without a perspective of what you are dealing
with. Opportunities and threats should be handled much differently than
internal strengths or weaknesses. If you find that you cannot get that
perspective from the inside of your business, hire a consultant that has worked
with these kinds of external issues. It will be well worth the money to have
someone who understands the nature of the animal you are dealing with and can
offer you a solution.
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Photo by Alan Lagadu