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Important Principles For Building A Strong Company Foundation p his customers accurately informed. These broken promises lead to millions of dollars of lost profits for Joe, his supplier, and his customer. In each of
these cases, Bill and Joe need to show their customers and suppliers that when business partners keep their promises, the results are trusting relationships, smooth running operations, and long-term profits.Take ResponsibilityWe approach the world as elements of cause rather than victims of circumstance. We take 100% responsibility for relationships and for the work we are doing for customers. Communication from the customer and the support of our co-workers are essential elements in the process of delighting customers. Our approach is one that is based upon taking 100% responsibility for seeing that our co-workers have all the information they need in order to produce the project according to the customer’s expectations. To anyone working with the project, they need In a day in which these types of situations are expected, we as believers in business must be the exception. First of all, we should not make rash promises to get the account or the order. We must instruct our sales team to under promise, not over promise. They should over deliver, not How To Fail Successfully As I sat at lunch with the young insurance executive, he raised a question. He had an exclusive contract
with an insurance company to sell only their products, but his agents wanted to sell a competitive product
as well. My friend wanted to know if it would be morally right to do this through another company in which
he had a vested interest. I reminded him that he had made a covenant, a promise. His word or reputation as the most valuable possession he had. Short-term gain would lead to long-term broken promises and pain if he pursued this course. I asked him to consider the intent of the contract, not just the letter of the law.Let's face it: At one point or another, you're going to fail in some way at your job. It could be something major such as missing a deadline, or something as minor as being five minutes late to work. No matter the magnitude, it's going to happen. Once you accept that, the real question becomes how you fail, i.e. how you handle it.There are two ways you can handle failure: You can either crash and burn or you can glide to safety. Obviously, the second path is the road you want to take. To do this, you need to keep three things in mind when you fail Business is about relationships and relationships are built on long-term commitments and established trust. Most of us violate promises every day on the job. We commit to be at a meeting, or to get a report completed by a certain time, or to deliver a new product, or to ship by a certain date, or to pay within terms. Most inefficiency in business is caused by broken promises and lack of meeting deadlines. For example, the customers may not give a shipping order when promised. The custom goods sit on the dock awaiting shipment. Everyone makes little promises that are not kept. They meant to give the purchase order, or ship the part on time, or make the service call promptly, but intention was not fulfilled. What would happen if we did not “over promise” to get the business or “under deliver” after we got the job or the order? Broken contracts, unpaid bills, strained relationships, overtime hours, late shipments, missed deadlines, and delayed orders seem to be the norm in business today. In a day of “just in time” inventory, some companies seldom deliver as promised. In two businesses in which I am involved, key customers and suppliers have a track record of broken promises. These must be confronted and dealt with or the business will not survive. Let me share some specifics: Bill is the CEO of a manufacturing firm that produces certain products. His firm is just now starting to recover from three years of recession in capital expenditures by their industry. A key customer is constantly pressuring for rapid fulfillment but seldom delivers the purchase order on time. Bill must encourage his customers to keep their commitments or his firm is not efficient and not profitable. Joe runs a distribution firm in which their exclusive supplier is constantly raising prices due to lack of communication, poor marketing research, and little long term planning. Due to these poor business operational practices by his key supplier, Joe cannot keep his customers accurately informed. These broken promises lead to millions of dollars of lost profits for Joe, his supplier, and his customer. In each of these cases, Bill and Joe need to show their customers and suppliers that when business partners keep their promises, the results are trusting relationships, smooth running operations, and long-term profits. In a day in which these types of situations are expected, we as believers in business must be the exception. First of all, we should not make rash promises to get the account or the order. We must instruct our sales team to under promise, not over promise. They should over deliver, not Is Your Advertising Working? From a South African Perspective is about relationships and relationships are built on long-term commitments and established trust. Most of us violate promises every day on the job. We commit to be at a meeting, or to get a report completed by a certain time, or to deliver a new product, or to ship by a certain date, or to pay within terms. Most inefficiency in business is caused by broken promises and lack of meeting deadlines. For example, the customers may not give a shipping order when promised. The custom goods sit on the dock awaiting shipment. Everyone makes little promises that are not kept. They meant to give the purchase order, or ship the part on time, or make the service call promptly, but intention was not fulfilled. What would happen if we did not “over promise” to get the business or “under deliver” after we got the job or the order?How do you know your advertising is working for you, do you know exactly who is buying your products or services. Many companies and businessmen even those who are making a reasonable living have no idea where their income is generated from.Keeping good records of customers will help to expand your marketing ventures. Where they are buying, how did they get to know about your products or services these are questions you need to be asking yourself.Placing adverts in a magazine is no guarantee that sale will come rolling in. If you are butcher and you supply special Broken contracts, unpaid bills, strained relationships, overtime hours, late shipments, missed deadlines, and delayed orders seem to be the norm in business today. In a day of “just in time” inventory, some companies seldom deliver as promised. In two businesses in which I am involved, key customers and suppliers have a track record of broken promises. These must be confronted and dealt with or the business will not survive. Let me share some specifics: Bill is the CEO of a manufacturing firm that produces certain products. His firm is just now starting to recover from three years of recession in capital expenditures by their industry. A key customer is constantly pressuring for rapid fulfillment but seldom delivers the purchase order on time. Bill must encourage his customers to keep their commitments or his firm is not efficient and not profitable. Joe runs a distribution firm in which their exclusive supplier is constantly raising prices due to lack of communication, poor marketing research, and little long term planning. Due to these poor business operational practices by his key supplier, Joe cannot keep his customers accurately informed. These broken promises lead to millions of dollars of lost profits for Joe, his supplier, and his customer. In each of these cases, Bill and Joe need to show their customers and suppliers that when business partners keep their promises, the results are trusting relationships, smooth running operations, and long-term profits. In a day in which these types of situations are expected, we as believers in business must be the exception. First of all, we should not make rash promises to get the account or the order. We must instruct our sales team to under promise, not over promise. They should over deliver, not Turnarounds: From the Oval Office to the Corner Office e call promptly, but intention was not fulfilled. What would happen if we did not “over promise” to get the business or “under deliver” after we got the job or the order?The headlines recently have focused on how the replacement of President George W. Bush’s chief of staff may serve to salvage the President’s second term. His new chief of staff has set an agenda, made announcements and started lopping off heads, so to speak, in a very public way. This is not too different from what has happened at corporations during turnarounds. Whether looking at financial institutions, industrial companies, airlines, consumer goods companies or telecommunications giants, the visible dynamics are they same. But are they effective? Why are the characteris Broken contracts, unpaid bills, strained relationships, overtime hours, late shipments, missed deadlines, and delayed orders seem to be the norm in business today. In a day of “just in time” inventory, some companies seldom deliver as promised. In two businesses in which I am involved, key customers and suppliers have a track record of broken promises. These must be confronted and dealt with or the business will not survive. Let me share some specifics: Bill is the CEO of a manufacturing firm that produces certain products. His firm is just now starting to recover from three years of recession in capital expenditures by their industry. A key customer is constantly pressuring for rapid fulfillment but seldom delivers the purchase order on time. Bill must encourage his customers to keep their commitments or his firm is not efficient and not profitable. Joe runs a distribution firm in which their exclusive supplier is constantly raising prices due to lack of communication, poor marketing research, and little long term planning. Due to these poor business operational practices by his key supplier, Joe cannot keep his customers accurately informed. These broken promises lead to millions of dollars of lost profits for Joe, his supplier, and his customer. In each of these cases, Bill and Joe need to show their customers and suppliers that when business partners keep their promises, the results are trusting relationships, smooth running operations, and long-term profits. In a day in which these types of situations are expected, we as believers in business must be the exception. First of all, we should not make rash promises to get the account or the order. We must instruct our sales team to under promise, not over promise. They should over deliver, not Government Auctions Nationwide of a manufacturing firm that produces certain products. His firm is just now starting to recover from three years of recession in capital expenditures by their industry. A key customer is constantly pressuring for rapid fulfillment but seldom delivers the purchase order on time. Bill must encourage his customers to keep their commitments or his firm is not efficient and not profitable.Government Auctions: Insiders know where to find government auctions to buy homes, cars, boats, airplanes, motorcycles – even furniture, designer clothes and jewelry. The property available for public bidding at government auctions is often surplus goods the government no longer needs or confiscated as evidence in criminal cases. Since government auctions are not well publicized, insiders can buy goods for pennies on the dollar. Whether you want to find bargains for yourself, or to resell your purchases for a profit, government auctions are an effective way to increase your net Joe runs a distribution firm in which their exclusive supplier is constantly raising prices due to lack of communication, poor marketing research, and little long term planning. Due to these poor business operational practices by his key supplier, Joe cannot keep his customers accurately informed. These broken promises lead to millions of dollars of lost profits for Joe, his supplier, and his customer. In each of these cases, Bill and Joe need to show their customers and suppliers that when business partners keep their promises, the results are trusting relationships, smooth running operations, and long-term profits. In a day in which these types of situations are expected, we as believers in business must be the exception. First of all, we should not make rash promises to get the account or the order. We must instruct our sales team to under promise, not over promise. They should over deliver, not You Win With People p his customers accurately informed. These broken promises lead to millions of dollars of lost profits for Joe, his supplier, and his customer. In each of
these cases, Bill and Joe need to show their customers and suppliers that when business partners keep their promises, the results are trusting relationships, smooth running operations, and long-term profits.Is anyone surprised that this is where I chose to begin my monthly newsletters? The concept of "You win with people" is the basic premise that I have built my entire management and leadership style around. The quote and original concept was presented to me in high school when I read a book of the same name written by the Ohio State Football Coach Woody Hayes. Woody was known as a strict disciplinarian on the football field, but many people did not understand the depth of the man, as he was not only a football coach but a military historian, a philosopher, and a great molder of In a day in which these types of situations are expected, we as believers in business must be the exception. First of all, we should not make rash promises to get the account or the order. We must instruct our sales team to under promise, not over promise. They should over deliver, not under deliver. God takes promises very seriously. In the Bible promises are called vows, pledges, covenants, or commitments. God warns us to not enter into agreements that we cannot keep. In Old Testament times, a handshake or a given word was the contract. Regardless, whether you have a written contract or not, you must keep every promise that you or your staff makes. The Bible tells us that we must keep that promise even if it hurts (Psalm 15:4) or if it was a mistake (Joshua 9:21). God made many promises to Abraham, Isaac, Jacob, David, and to us. He keeps every promise (Joshua 23:14). He keeps His word for a thousand generations (Deuteronomy 7:9). Will we keep ours for a month or a year? We need to be very careful about the vows that we make to God (Deuteronomy 23:21; Ecclesiastes 5:4). It is better not to vow than to not keep that vow. We need to be careful about the people with which we make agreements. They may become a snare to us (Exodus 23:22). So, today, ask yourself what promises you have made that are not being kept? Are they with your customers, vendors, employees, banker, or spouse? How can we seek to impact a world when we do not keep our word? When Christian business leaders become “promise keepers” then we will begin to impact and transform our cities and our society. Make it your goal this month to keep your promise, then “over deliver.”
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