Help Me With My Strategy Please
post # 189 — September 13, 2006 — a Strategy post
If past blogposts are any guide, you folks seem to enjoy giving me advice as much as I like giving it to you, so now it’s your turn again.
In broad outline, here are some of my strategic challenges and choices that I’d like your input on.
I’m 59 years old, with a reputation and track record of consulting with, speaking to and writing about businesses (around the world) in the professional sector (law, accounting, investment banking, executive search, IT services, real estate, consulting, etc.) I don’t plan to stop anytime soon, so (like everyone else) I need to think periodically about my choices for the future.
As time has gone by, a few trends have emerged in my business:
a) When I started, I think I was pretty much a pioneer in writing about professional businesses and there weren’t many people with that as a consulting specialty. Nowadays, there are many consultants focusing in this area.
b) On the other hand, interest in my work spreads to new industries with every passing year, and a higher and higher portion of most economies are becoming made up of knowledge-intensive businesses. The world is moving toward my specialty, and it’s tempting to start writing about business in general. But I’m concerned about losing my reputation as a specialist.
c) As I have tried to make an impact on the world with my thoughts, I find that there are (broadly) two groups in my audience. The bigger group is made up of relatively younger people, or those outside the power structure (staff people, other consultants, small firms and solo operators like me.) This group tends to enjoy my emphasis on core principles and staying true to dreams and ambitions.
d) The second group is made up of top officers in top firms, working at the frontiers of their business, who seem to appreciate me being provocative, challenging the traditional ways professional businesses are run. (Of course, there are often people in these positions who don’t like being challenged that way!)
e) I’m interested in working with and serving both groups but don’t want to get too schizophrenic. Both in content and marketing, the audiences are different. The first audience reads blogs, and writing for them allows me to feel that I’m having an impact by interacting with tomorrow’s leaders.
f) The second audience (top officers in top firms, working at the frontier) is harder to reach, because busy leaders tend not to read articles, blogs, or books. I may also need a different “positioning†for that audience, because a reputation for only pointing out what’s wrong (or could be better) isn’t always considered completely helpful. Senior people also like to believe that I am, in some sense “on their side†— trying to help, and not too much on the side of the revolutionaries trying to overthrow the power structure. I like to think I present a lot of affirmative and constructive advice, but I do have a bit of a reputation as the type of consultant, speaker and writer who talks about the elephant in the room that no-one else wants to talk about. (I know, I know, I wrote about how to do this with charm and style in my book The Trusted Advisor. But it isn’t always easy to challenge and be seen as constructive.)
g) My choices are not really driven by economics, but the desire to make a contribution and receive the recognition and strokes that come from having made such a contribution. However, the economics of serving the two audiences are very different. If I serve the first audience and want to make money at it, it will probably mean selling ebooks, CDs and videos. (I think there’s a demand for that.) If I serve the second audience, it means generating and emphasizing new thoughts in new articles, and deriving an income from high-level face-to-face consulting. So far, I’ve been able to do both, and be accepted as doing both, but I don’t know whether that will continue to be a good model (or even viable) moving forward.
Obviously, I haven’t given you enough information, but hopefully we can have some fun — and I can get some free advice. Here are some (sincere) questions:
Should I continue to try and be a “professional business specialist†or write about general business issues? This might be a question of writing style and language more than anything else, but it affects my “positioning.â€
What can I do to best serve the first audience of other consultants, staff people, younger people and small firms? If I wanted to, what would be the best way to “monetize†my services to that audience?
If I want to keep serving the second, top officer audience, how do I carry on being challenging and provocative without being one more person pointing out what’s wrong with the established structure? Is it possible to pull off the high-wire act of being both a provocateur and a wise counselor? Should I continue to try that?
Lora Adrianse said:
You David Maister can pull off anything at all your heart desires!
Here’s my take on your 2 audiences and things that may work for each of them.
The top officer group is going to be generally older, wiser, and less likely to change the way they want to recieve your messages. I believe they want timeless concepts, perhaps with a new twist thrown in. They also need you to help them look down the road and see what’s coming. Help them learn to understand the upcoming generations and how to bring out the best in the up and coming new thinkers through mentoring programs. Help them leave their legacys.
They’ll likely pick up an occassional book. They’re comfortable with the phone (teleconferences?) and video conferencing. And they understand the value of great masterminds. They might even come together a couple of times a year to put all their great minds together.
Staff and younger people also need tried and trusted principles, but in bite sized portions. But they also like to experiment more, play with ideas, and collaborate. Think open source, or low cost access to a membership site. They want immediate gratification in bite sized chunks. Or perhaps shorter print pubs. Think Pritchett Price books.
They need someone to look up to. Someone willing to listen and play with new ideas. Someone to co-create with. There might even be a way to co-create self published materials. Help them create the future!
That’s my 2 cents!
posted on September 13, 2006