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TracPoint Wireless

Sunday, November 22, 2009 Volume 4 Issue 1   VOLUME 4 ISSUE 1  
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CONTENTS
KEEP YOUR CUSTOMERS COMING BACK TO YOU IN 2008
When MUST is always, SHOULD is Most of the Time, and NEVER is Out of the Question
7 REASONS WHY PROTECT CELL WILL BOOST YOUR REVENUE IN 2008
INCREASE YOUR DOLLAR PER CUSTOMER
NEVER SAY "WILL THAT BE ALL?"
EVERY MARKETING OPTION YOU COULD WANT - NEVER MORE THAN YOU NEED.

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When MUST is always, SHOULD is Most of the Time, and NEVER is Out of the Question
www.dynamicexperiencesgroup.com
by Doug Fleener - President, The Dynamic Experiences Group

One thing that fascinates me when working with retail chains is seeing the different levels of performance that spring from the same retail strategy.  All of the stores have the same products, merchandising, marketing, and approach to engaging the customer, so why do some stores grow their sales year after year while others struggle to equal last year's numbers?  Why do some stores almost always score nearly perfect mystery shop and customer experience scores while in others the only consistency is inconsistent scores?

At this point I'm sure you're thinking to yourself that the answers to these questions are pretty obvious.  It's people.  More specifically, it's leadership.

And you're right, but it's much more than that.

I've come to understand that when we say that the only difference between high-performing stores and other stores is leadership that it almost implies the difference is good managers and bad managers.  We assume that high performing stores have strong managers who are great leaders, average stores must be run by average store managers who are okay leaders, and low-performing stores are run by poor managers who are bad leaders.

That's sometimes true - but not always.

We have to be cautious when making assumptions.  I've worked with some pretty darn good managers who were running some average or low-performing stores.  I've also worked with some pretty mediocre managers who ran some high-performing stores.

So what's the difference?  Although location, traffic, and customer demographics do make a difference, ultimately it does come down to the store management team and their leadership.  But in our analysis it comes down to something much more specific than just "management" and "leadership".

The difference is in the consistency of execution of the company standards.

When we analyze store performance metrics like sales, conversion, units per transactions, and average daily sales, and then overlay associate performance metrics like mystery shops, customer experience measurements, and own observations, we see that the real difference is the store executives and management team's focus on ensuring a consistent experience with every single customer as defined by the company's strategy.

More simply put, in high-performing stores something the company says must be done is always done.  If every customer is to be greeted within a certain timeframe then every single customer - or darn close - is greeted.  If the company strategy is to show additional products away from the counter, that's what happens.  This isn't the case in the average or low-performing stores where must translates to "sometimes" or "occasionally."

In high-performing stores, when the company dictates something should be done then it happens most of the time.  For many top stores should is just another way of saying must. And of course if something is never to happen then it rarely if ever happens.

Why, then, would other managers not hold their staff accountable to the same standards? It's a good question and something we've looked hard at.  What we have discovered is that usually the staff is held accountable but they are held accountable to the manager's expectation, not the company's.  And therein lies the difference between high-performing stores and the rest of the pack.

High-performing stores achieve consistent execution because the manager's expectation is the same as the company's retail strategy.

Doesn't this mean that the store manager is a bad manager and a poor leader?  Not necessarily. Often the manager doesn't even know that his/her standards have changed. The manager doesn't see that must is no longer always, should doesn't happen most of the time, and never actually happens.  Once he/she becomes aware the situation can be corrected.

What makes someone a poor manager and leader is when he or she knows that his/her expectation of the staff is different from the companies.  Good managers are out front with their team executing the company's retail strategy.

So let me ask, in your store or stores does must mean always, is should done most of the time, and is something that should never be done out of the question to your team?


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EVERY MARKETING OPTION YOU COULD WANT - NEVER MORE THAN YOU NEED.
Sales tools to drive your business in these competitive times
by TracPoint Wireless


At a time when compeitition for new subscribers is at an all time high,  penetration rates are approaching 80%,   and Co-op Dollars no longer produce acceptable results,  innovative strategies are needed for saavy retailers to survive.   

In looking for marketing and advertising services for the wireless industry,  it's best to choose a company that knows and understands both.  With substantial experience and success in wireless-specific marketing, TracPoint Wireless is your company's single source for getting the word out and bringing customers in. Every Wireless business is different.  So when you choose


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