Evolutionary Tactics
Evolutionary
tactics from E-Volve-or-Die.com appear at the end of each chapter and are excerpted
in their entirety here. A little bit about E-Volve-or-Die.com: E-Volve-or-Die.com
is being published by New Riders Press and will be available either January'01.
It is comprised of 14 chapters and three Appendices including case studies on
UPS, Office Depot and Cardinal Health. There
are quotes throughout the chapters from over 45 ECM experts from around the world.
There are 12 forewords, all available here. You
can also read
more about the contributors. Chapter
1 - E-Commerce Thinking - E-Commerce
encompasses all of the business interactions of a company
- We
are just setting out on the path of the Internet Age
- The
Internet Age will spawn a new, more powerful customer
- The
goal for your company should be to create a holistic, Internet-enabled entity
- The
Internet must be integrated across the entire company and all partners in your
value web
- Failure and experimentation
will be a necessary part of strategy
- Thinking
outside the box will be essential for survival, growth and evolution in the Internet
Age
Chapter 2 - Business Models
for the E-Conomy - Classic value
chains and supply chains are evolving into value webs, where any entity can play
the role of any node in the web: buyer, seller, supplier, customer
- Partnering
has become a necessity for the success of new e-commerce business models
- Several
types of business models and partnerships are emerging, with different purposes
including marketing, distribution, supply chain and exchanges, fulfillment, and
business infrastructure
- The customer
still needs to be the focal point of any successful business model
- Value
needs to be delivered to all participants in the value web
- Business
models need to be adapted and changed regularly and consistently
Chapter
3 - The Plan is the Thing - Planning
should be done with the goal of creating and implementing a holistic, Internet-enabled
entity
- Other common plans such as
business plans or specific functional plans will not work for this purpose
- Assume
that creation of the holistic Internet-enabled entity will require massive changes
in legacy systems, legacy processes and legacy people
- All
planning must begin by considering the big picture of the business objectives
and the opportunities that are available
- From
the vision/architecture a set of goals/strategies are created to harness the power
of the company to reach its vision
- From
the goals/strategies, metrics are created to track the company's success at achieving
its goals/strategies and are used to compensate employees
- Using
the goals/strategies and metrics, a series of projects are created; this is a
roadmap
- Metrics should measure success,
be realistic and appropriate for the business goals
- The
customer should remain the focus of all processes and plans that are developed
and implemented
- Assigning goals/metrics
into every employee's compensation and empowering employees with the necessary
information is essential in the Internet age.
- Planning
done properly leads to an empowered self-running entity, that can be responsive
to rapid changes in the external environment
- The
CEO needs to establish the vision, gain commitment of all participants in the
value chain/web, and create the proper environment for the holistic, Internet-enabled
entity
Chapter 4 - Customer
Touch Points - Keeping the customer
at the center of your business requires attention to customer touch points
- You
must know your customer in detail, and be able to anticipate your customers' needs
- Even
if you outsource, you must still own the customer touch points
- Customers
in the New Economy are more informed and sophisticated and expect personalization
&endash; of information, products and services
- You
(or your partners) must deliver personalized value at each and every touch point
- You
must fire the customers you can't afford to service
- As
customers change, you must evolve your systems, processes and people in order
to keep the customer at the center of your business
Chapter
5 - Content Will Always Be King - Content
can't be separated from commerce
- Content
must be developed and organized to fit the business context of the company
- Customers
have a major influence on the type and amount of content on your website
- Valuable
content is a strong differentiator
- There
are many sources of content other than your company
- It's
important to evolve the content as often as possible to keep it fresh and to be
consistent with other changes in the company's business model or processes
- Content
needs to be the responsibility of all participants in the organization's value
web who deal with customer touch points (described in Chapter 4)
Chapter
6 - Instant Global Presence - To
be truly global, you must be committed to re-create and re-deploy your company
for each geographic area that you target
- It's
important to decide how global you want to be, consistent with your vision
- You
must think globally, but act locally
- Acting
locally requires individualization and personalization to your customers
- You
must decide how you will overcome the four major hurdles in laying out the plan
(legal, logistics, currency and language)
- Legal
hurdles include trade boundaries, contractual issues and local laws regarding
advertising
- Logistics hurdles include
shipping, customs and distance from your customer
- Currency
affects timing of transactions and exchange rates
- Language
can be a huge hurdle requiring localization, but several technology tools are
available that can help
- Understand
that just because a web site is accessible from anywhere in the world doesn't
necessarily mean that you are a global business.
Chapter
7 - Outsourcing is Always an Option - Any
business function in the holistic Internet-enabled entity can be outsourced
- The
company's roadmap and set of plans is the starting point for identifying possible
areas for outsourcing
- You need to
decide what levels of control and access are right for your company
- Customer
touch points must still be managed by you, even if some processes are outsourced
- In
deciding what to outsource, you need to evaluate financial, marketing and technical
factors
- Evaluating outsourcing partners
is similar to evaluating any type of business partner
- You
should put a service level agreement (SLA) in place with your outsourced partner
and establish a frequent communication schedule
- Be
prepared to replace partners that don't live up to their SLAs or don't adequately
deal with the customer touch points
Chapter
8 - New Expectations for Customer Service - Create
a "CCEO" Chief Customer Experience Officer who is part of the executive management
staff
- Your entire company must function
as a customer service organization
- All
functions need to be redefined to incorporate customer service into their goals,
and you need to increase the salary levels of those closest to your customers
- In
order to evolve the people and processes to fit changing customer expectations,
realistic metrics need to be in place and used on a regular basis
- Customer
service incentives should be provided for all employees, tied to compensation
- Your
customer service levels should be consistent with the customer stratification
of your market
- Partners need to provide
the same consistent customer service as your company or be replaced with partners
that can
- All appropriate business
processes should serve customer service goals
- A
common customer database should be universally accessible across your organization
Chapter 9 - Managing the E-Commerce
Organization - Organizational
changes will be driven by your vision
- At
the highest level, spin-outs, subsidiaries and cross-functional reorganization
are some of the changes that may work to accomplish your vision
- Keeping
up with the New E-conomy requires a nimble and flexible organization
- Self-directed
work groups are one of the best ways to manage people
- Internet-enabled
communications should be leveraged to increase and improve collaboration and communication
within the company
- Legacy people can
stall the progress of the entire organization
- New
organizational structures are customer-centric, in accordance with your customer
stratification scheme
- Collaborative
management is one of the successful ways to manage the new organization
- Mentoring
can help increase the level of collaboration within the organization
- Motivation
results from empowering teams to serve the customer and make decisions
- If
organizational structures aren't working, they need to be changed
- Training
and re-training may be necessary to e-volve the organization, both inside the
organization and externally through continuing education
Chapter
10 - Ongoing Internet Marketing - Internet
marketing is not like a field of dreams &endash; it requires a lot of work to
create and maintain effective content for marketing
- Your
web identity needs to be leveraged wherever and whenever possible
- Viral
marketing is today's term for word-of-mouth marketing, and it's a very powerful
force
- Establish a newsletter or some
form of opt-in communication with your customer
- Content
needs to be updated constantly, and consistent with the company's brand
- Your
homepage is your company's brand and image to the world
- Personalized
marketing needs to be accomplished through your website
- Content
from third parties and affiliates will enhance your marketing efforts
- Everyone
in your company needs to think and act like a marketer
- Be
prepared to experiment and implement a wide variety of marketing methods
Chapter
11 - The Law Catches Up to E-Business - Create
the position or assign the responsibility of Chief Privacy Officer (CPO) within
your organization
- Seek out the legal
experts who specialize in Internet law
- There
are several legal issues that are evolving that could affect your business, including
privacy, security, intellectual property, international trade policies, electronic
signatures, copyright and taxation
- Domestic
and foreign governments are deciding how existing laws will be applied and enforced,
on a country-by-country basis
- There
may be additional laws developed to cover Internet and e-commerce issues, however,
most of existing law can be applied to these issues already
- It
pays to keep up with business publications to remain current with Internet legal
issues; there are many specialized online newsletters and resources available
Chapter 12 - Shifting Markets
- The Internet will not be going away any
time soon
- The gold rush has not even
started yet; there are many more opportunities in the future
- New
markets will be developed in response to changing customer demands
- There
will be opportunities to change the mix of products and services that companies
offer
- Expect to fail in order to learn
and keep evolving
- There will be a
need for more experimentation and shorter experiments
- There
will be more emphasis on distributing information/content, and less emphasis on
selling products and services
- In general,
more collaboration and partnering will be needed among companies to take advantage
of opportunities quickly
- Dot.coms
and brick and mortar companies can learn a lot from each other
- Revenue
and profitability will continue to be an important measure of success in shifting
markets
- Focus on the customers need
that is being satisfied with the technology, not the technology itself.
Chapter
13 - A View from the Real World - A
number of the old-fashioned principles that worked in the Industrial age will
work in the Internet age. You don't have to start over.
- Don't
relax, we are just at the beginning of the changes brought about by the Internet
age. Figure out how you can transition your company to be successful online maintaining
the brand you currently have in the physical world or dethroning the brand of
the current incumbent.
- Treat the use
of the Internet the same as a standard commodity, like electricity.
- Deliver
intense customer focus and exemplary customer service; share value among all your
partners.
- Run many experiments and
continue corporate learning to create better products and services.
- Reexamine
your business models and be prepared for continual evolution and change.
- Support
Government and private sector activities to bring about global standards in security
and privacy.
- Whether you run your
internal IT shop or outsource this function, integrate your front and back office
systems to deliver improved speed, collaboration and integration of processes.
- Deliver
on mass customized products and services.
- Be
prepared to embrace new paradigms as they become pervasive in society and help
deliver increased value to the customer.
Chapter
14 - Change is Constant, Change is Good - Change
will be with us forever; make it your friend
- Managing
change requires committed leadership from the top
- Create
a Chief Change Agent (CCA) in your company
- Managing
change is also a matter of managing people and incentives in ways that create
win-win situations for them and the organization
- There
are many catalysts for change that reside within your company or externally; create
opportunities for everyone to lend a hand and voice their opinions
- The
future will be full of opportunity, of surprises, and new ways to transform business
- Experiment
and evolve, adjusting your strategies and activities based on the lessons learned
in your every day activity and from your experiments
- Reorganize
all your functions, companies, divisions, etc. to revolve around your customers
- We
are just at the beginning, be prepared, because you ain't seen nothing yet!
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