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Don'T Use A Term If You Can't Define It

I recently walked into an electronics retailer. They really sell a lot more than electronics, but that is their main niche. They are known all over the United States and have been very successful both from a service and a stock value standpoint. They have grown excessively in these past few years. Their international headquarters were actually just completed four blocks from my office. Their name is Best Buy.

Dick Scholtz, the founder of the company, is not only a successful businessman but also a role model to be emulated. He is one who believes that terms without definition are not actionable. In other words, don't say you give great service if you can't define what service is. Don't tell me that you are Best Buy, if you can't define it. Don't tell me that you have great value if you can't define what value means. Don't tell me you're a good friend, if can't define what a good friend is. This involves defining it in terms of my value, not yours. Don't tell me you're a great father or partner, if you haven't defined those either. For truly in the definition is the value you bring.

If your business has a great product and you haven't defined it in terms of the highest need of your best customer then you are wasting time even talking about growing your business. If you are trying to be everything to everybody, and haven't defined the differentiating needs of different customers you seek to serve, you won't be successful.

If Domino's is in the pizza delivery business, and did not define pizza delivery as within 30 minutes or it's free, they wouldn't be the leader in the pizza business today. Can you define your term? Can you make the definition so clear that everyone is attracted to what that means? Don't use a term without a definition. The definition is the reason that people are attracted to your product, service, or talent. If you are a financial planner and have not defined what that means to the highest need of your best client then it will be very hard for you to be successful. The definition of the term is what makes it applicable, not the actual term.

 

About the Author

thomportrait15002Thomas Winninger is the founder of WINNINGER Visionscope a Minneapolis based Think Tank. He is author of the best selling books MarketQuake, Price Wars, Full Price and Sell Easy and his just published book BULLSEYE! - What Market Leaders are doing to consistently HIT the BULLSEYE! Thom is one of the most in-demand business speakers in the North America today. For more information about his programs please visit,
BULLSEYE! How Market Leaders consistently hit The Mark

 


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