| By Rebel Brown | Article Rating: |
|
| July 4, 2009 05:45 AM EDT | Reads: |
1,289 |
Picture this. A big company has one last chance to rise from a serious downturn. But the company has lots going for it.
- An unbelievably loyal customer and market following,
- A game changing innovation,
- A significant demand for exactly that innovation,
- A bit of money to back it.
I watched customer after customer 'light up' as we told our story. We relaunched the company around that game changing solution to widely acclaimed success. In all my years I've never seen customers react so consistently, so passionately. It was the proverbial slam dunk. Within a month of the relaunch, there was $60+M of qualified potential revenue in the pipeline.
Sounds great, right?
Wrong. Six months later the company is facing tougher times than ever.
The new product? It's still there, dying in the corporate gloom.
So what happened?
The Plan happened. Oh, there were other things, other factors that played. But most of all, the Plan happened.
This company Plan of Record called for the development/enhancement, selling and support of a broad range of products including:
- The best selling product
- The product the best customers want
- The product we have to have to beat the competition
- A custom, new HUGE opportunity
- The game changing product we were launching
The game-changing innovation offered:
- strong differentiation - as in 'only one of its kind'
- 4-5x the product margins - probably double that
- a residual leasing revenue model - predictable, high margin revenue
- immediate customer demand - everyone wanted to buy it.
But, since the game changing innovation didn't have revenues (yet) it was allocated a paltry share of The Plan. BTW - company revenues were increasing according to The Plan, but the company was losing more money than ever and draining cash along the way. What does that tell you about the quality of those revenues - and of The Plan?
Even after the launch success, the customer meetings, the pipeline - the plan was still The Plan. The rest, well, let's just say this story doesn't have a fairytale ending.
This company was positioned to soar again. But thanks to The Power of the Plan - this perfectly set up Phoenix crashed and burned before it ever had the chance to fly.
You'd change course rather than fly into a thunderstorm, wouldn't you? Even if that storm wasn't in your flight plan?
Markets change, customers change, people change - plans should change too.
Read the original blog entry...
Published July 4, 2009 Reads 1,289
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Rebel Brown
Rebel Brown is a go-to-market strategist specializing in start ups, turnarounds and startarounds in the B2B arena. In twenty-five plus years Rebel has led over one hundred successful client engagements, redefining companies and products, evolving market strategies, expanding product offerings and driving successful sales and marketing endeavors.
- Yahoo! to Keynote 4th Cloud Expo: Accelerating Innovation with Cloud Computing
- Publishing Synergy: Blog, Twitter and Ulitzer
- Confessions of a Ulitzer Addict
- Wave on Ulitzer: Confessions of a Google Wave Fanboy
- Google Wave Hits Wider Beta
- Live Demo of Yahoo! Query Language at Cloud Computing Expo
- Ulitzer Provides a Powerful Social Journalism Platform
- Yahoo! SVP Shelton Shugar to Discuss Innovation at Cloud Computing Expo
- How to Extract Your Contacts from LinkedIn and Facebook
- Yahoo! Announces Open-Source Cloud Server
- Google Open Sources its JavaScript Tools
- And for Its Next Trick, IBM Targets Amazon’s S3, Others
- Yahoo! Named “Platinum Sponsor” of Cloud Computing Expo
- Yahoo! to Keynote 4th Cloud Expo: Accelerating Innovation with Cloud Computing
- Publishing Synergy: Blog, Twitter and Ulitzer
- Confessions of a Ulitzer Addict
- Wave on Ulitzer: Confessions of a Google Wave Fanboy
- Is Ulitzer a New Trend or the Ultimate Death of Journalism?
- Twitter, Linked In, Ning and Ulitzer: Easy Personal Branding Strategy
- Ulitzer Live! New Media Conference & Expo
- Ulitzer vs. Ning
- Social Media on Ulitzer - Strategy Nets New AUM for RIA
- Google Wave Hits Wider Beta
- Live Demo of Yahoo! Query Language at Cloud Computing Expo
- Where Are RIA Technologies Headed in 2008?
- The Top 250 Players in the Cloud Computing Ecosystem
- Google Version 2.0: Googzilla - The Calculating Predator
- Google Space Launches at Heathrow Airport
- SEO/SEM Tips & Tricks: How and When Should You Submit Your Website to Google?
- Google Snaps Up the Father of the Orion Search Engine
- AOL To Enhance Video Search Engine by Adding RSS Feeds
- Ulitzer vs Knol - Google Wants Its Own Wikipedia
- AJAXWorld Knocks Spots Off LinuxWorld
- The World's Youngest "Google Entrepreneur" Is One Month Old
- Microsoft's Chase After Google Reverberates
- Google Jabbers On with GoogleTalk
































