Archive for February, 2010

The Snowboarder’s Guide to a Cutting Edge Business Strategy

snowboard-blogThe Winter Olympic games have been the recent buzz lately and for good reason. Every four years they allow the country to band together with a renewed sense of patriotism as we cheer on our favorite athletes. Lately, the event that has gotten my attention has been snowboarding. As I was watching the halfpipe competition on Wednesday, I realized the fun-natured, non-conformist attitudes of the snowboarders can directly apply to a cutting edge business strategy.

First, the American snowboarders’ apparel has been a reflection of the fun-loving, defiant nature of their sport as well as a topic of controversy. Their uniforms consisted of casual plaid jackets and Gore-Tex fabric snowboarding pants that resembled faded jeans.1 They’ve gotten heat over their uniforms because critics believe the Olympics are a prestigious event—one that doesn’t warrant wearing ripped denims. The snowboarders have stood by their decision, though, and said it’s a reflection of their sport.

Apparel aside, when it came down to the competition, the boarders were strictly business. 23-year-old, Shaun “The Flying Tomato” White, easily swept the competition using a combination of big air and flawless tricks.2 In fact, his qualification score (45 out of 50) was higher than any of his competitor’s scores even in their final rounds. Then to top it off, at the end of his victory lap he landed a Double McTwist 1260. (If you’re like me and think that sounds like an item off the dollar menu from McDonalds, it’s actually a trick that involves 3 ½ twists and 2 head-over-heels flips). By doing so, he scored a 48.4, which topped his previous score.

Jake Burton, one of the founding fathers of the sport, said “With a gold medal already in his pocket, Shaun went out and beat his winning score. What a testament to how much fun snowboarding is and what a true champion Shaun is.”

So how can you apply this to your business strategy?

1. Add the Fun Factor
If you’re in the advertising industry, break away from that corporate letter package and let your customers lift up tabs, play games, or wear 3D glasses to reveal your message. Think that’s too much work to get your message out there? Think again … think fun. It’s definitely a change for the better. For more on this read Make Way for Fun, 2010’s Newest Marketing Tool.

2. Challenge the Process
Is your motto, “if it isn’t broken, why fix it?” Well now’s the time to see if there’s a better, more efficient way of doing even the most basic tasks, even if the models themselves aren’t “broken.” For White, he challenged himself to invent a new trick, even though his older tricks were keeping him in front of the pack, but in doing so, he allows for the growth of the sport. So push yourself to try new techniques to get better results and expand your business.

3. Defend your Ideas
Sometimes a sound business strategy involves adding the fun factor and challenging the process, but if you don’t defend your ideas, they might get lost in a colleague’s email inbox. According to advertising maverick, Lee Clow, “ninety-nine percent of our ideas never see the light of day. Which is why we fight so hard for the 1% that do.”3 Even if your project is in its beginning stages, plan how you’re going to present it to your peers, your boss and finally the client. Always assume you’ll need to explain your thought process, and describe how it could benefit a client rather than just attaching it in an email with a nondescript subject line.

So there you have it, the 3 ways you can improve your business strategy, inspired by my favorite Olympic athletes (the ones who wear ripped blue jeans, not feathers and sequins).

1ESPN http://espn.go.com/action/snowboarding/blog/_/post/4722162
2NBC http://www.nbcolympics.com/news-features/news/newsid=425101.html
3Twitter

Share

What the Past Can Teach Us About the Recession

recession-stampsWhen it comes to the economic downturn, chances are good that you or your business has been affected by it. But the purpose of this blog isn’t to highlight the negatives and it doesn’t attempt to predict the future of the downturn, the purpose is to use the past as a guide. If you’re wondering how that’s possible, keep reading.

First, it’s important to note writing a blog that highlights the benefits of a recession warrants some admitted tiptoeing. Lay offs and salary cuts are difficult topics to discuss. But despite these negatives, there are some advantages that allow individuals and businesses alike to learn and grow from these challenges.

For example, an article from Time Magazine describes how:

Industry’s top executives are learning dozens of ways to improve operations. Sylvania Electric Products Inc. was poking along with one of its lighting products because several companies were all scrambling for the same market. Then President Don G. Mitchell decided to mechanize his operation; he cut costs and hiked production so successfully that he ran way out ahead of his competition. Says he: “What we did was spend a little more money in bad times, and we won 60% of the market where we had only 15% before.” To stay competitive in its auto-supply business, Detroit’s C. M. Hall Lamp Co. had to cut prices on a lamp bracket below what it considered a rock-bottom $17.76 per 1,000. Solution: it redesigned the bracket in reinforced nylon, sold it for $9 per 1,000.

If you’re thinking something here seems a bit off, you’re right. This article is from June 9, 1958. In a time when corporate America was still recovering from the Korean war. Despite the archaic language, the article had several gems waiting to be uncovered. Using the past recessions, here are a few ways companies thrived during tough times:

Diversification
Breweries in 1920s are a great example of how to thrive using diversification. Given the fact prohibition placed a damper on the sales of their main product, these breweries worked hard to diversify by selling meat and creating “near beer,” ginger beer and other non-alcoholic alternatives. The outcome? Eight out of 10 of the top breweries today were established prior to prohibition.1

Trimming Expenses
By using the formula that C.M. Hall Lamp Co. employed, businesses can establish new, less expensive ways to create a similar product. According to the author, “the boom larded corporate muscle with fat. Now, in working off the fat [we] are finding some of the benefits of adversity.” Even though the imagery here is close to graphic, it highlights an important concept that unnecessary expenses only get in the way of the greater goals of businesses.

Strengthening Relationships
Martin Guitars, founded in 1833, is one of the best examples of a company that worked hard to strengthen their relationships despite a faltering economy. The decisions they made in the 1930s solidified their role as the oldest guitar company in the world. According to BusinessWeek2 “Sixth-generation CEO Chris Martin credits his company’s resiliency…to its pricing and founding principle of remaining fair and equitable while maintaining its strong relationships with dealers.”

So take comfort in the fact there are ways to stand out and strengthen your business even when times are tough. Any obstacles that arise will force your company to grow to overcome those challenges, which means you will only get stronger. And when in doubt, use the past as a guide to lead your business into the future.

1Source: Mental Floss: http://blogs.static.mentalfloss.com/blogs/archives/22519.html
2Source: Business Week, 2008: http://www.businessweek.com/smallbiz/content/oct2008/sb20081016_825689.htm

Share

Company News: February 2010

WTAP-Prom-InviteSMCO designs prom invitations for annual Welcome to America Project event
Sherri May & Company recently designed invitations for The Welcome to America Project’s Annual Prom. The 70s-themed event will take place on Saturday, February 20, 2010 as a fundraising effort to help furnish the homes of refugee families arriving in Phoenix.

The invitation features the Welcome to America Project’s newly designed logo and all the elements you would expect from the era of bell-bottoms and disco music. For more information on the Welcome to America Project and their prom, visit wtap.org/prom/html.

Staff Comes Together to “Help Feed Those in Need”
Staff members Jen Noto and Cindy Whitehead were part of an outpouring of community support that resulted in 10,000 meals organized in just an hour for the Haitian earthquake victims.

Jen and Cindy spent a recent Saturday pitching in to help the people of Haiti by attending a Stop Hunger Now event hosted by Food for the Hungry. “The meals were a combination of soy, vitamins, dried vegetables and rice that supply the malnourished with all the necessary nutrients,” said Jen.

Over the holidays, Sherri May & Company donated upwards of $1,600 to St. Mary’s Food Bank This total was a result of employee contributions that were matched by the company, which were then matched again by PrismaGraphic. Thanks to all who contributed.

For more information on how you or your company can help feed those in need, visit one of the following sites:
FH.org
StopHungerNow.org
FirstFoodBank.org
RedCross.org

In-house Designers Attend InDesign User Group
Staff members Aleta Lynch, Jen Noto and Katie Milburn attended their first Phoenix InDesign User Group event held at McMurray Town Center. The event, which focused on preparing files to print in Adobe® InDesign, was lead by Director of Content and Mac genius, Rick Burress, and featured other knowledgeable guest speakers.

“It was a great opportunity to meet other designers and learn more about the ins and outs of InDesign,” said Katie.

For more information on local InDesign User Groups, visit:
http://www.indesignusergroup.com/chapters/phoenix/

Share

Connect


Authors




Archive