Given the recent earnings news from the AGFAM and what those mean for your business, it seemed like a good time to revisit a classic Thinks Out Loud episode, "Are You Destined to Lose to the Frightful Five?"
Here’s what Tim said in that episode:
They’re all set up to win and they listen relentlessly and then they take that data and they use it to improve relentlessly. They’ve followed a very simple path. They created products designed to collect data. They used that data to listen and understand what customers wanted. They improved the product and improved on the amount of data they collected.
They used that data to understand what customers wanted. And so they improved the product again, and the amount of data they collected again and again, and again, lather, rinse, repeat. That’s not evil. That’s brilliant.
Now, why do they do this? Because they really are paying attention to customers.
Tim went on to say:
"…here’s the thing: You’re not destined to lose. I guarantee it. You can follow the same basic playbook and see success for your business as well."
What is that playbook? And how can you put it to work for your business? That’s what "Revisiting Are You Destined to Lose to the Frightful Five?" is all about.
Want to learn more? Here are the show notes for you.
Thinks Out Loud: Revisiting Are You Destined to Lose to the Frightful Five? Headlines and Show Notes
Free Downloads
I’d mentioned during the show that we have a free download for you, which you can find right here:
* A Brief Introduction to Thinks Out Loud. As a bonus, we’ve also included this PDF document that highlights some of our core episodes to help you dig into what the show is about. We think it will help you capture the show’s essence while you’re working your way through the 300-plus episodes published so far. Download it here.
* Digital & E-commerce Maturity Matrix. As a bonus, here’s a PDF that can help you assess your company’s digital maturity. You can use this to better understand where your company excels and where its opportunities lie. And, of course, we’re here to help if you need it. The Digital & E-commerce Maturity Matrix rates your company’s effectiveness — Ad Hoc, Aware, Striving, Driving — in 6 key areas in digital today, including:
* Customer Focus
* Strategy
* Technology
* Operations
* Culture
* Data
Show Notes and Links
As always, here are the "regular" show notes, detailing links and news related to this week’s episode.
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