Politics and Business

Maybe it’s just that I’m getting older and more perceptive (or perhaps more cynical) but with each election cycle, voters seem increasingly to be voting against a given candidate rather than for the one that gets their vote. So much of campaigning these days is trying to convince voters why the competitor is a bad choice rather than making the case for why the candidate is a good choice. It’s sad. And I’m glad businesses, for the most part, don’t work that way.

Smart businesses, on the other hand, realize that they don’t need to please everyone. In fact, trying to be “all things to all people” is one of the hardest business strategies to pursue and one that is rarely (if ever) successful.

Successful businesses carefully select which customers they want to please and then focus all their attention on that subset. For most businesses, this is a very small minority of the overall total market. And while business leaders, especially entrepreneurs, are always looking for opportunities created when existing solutions poorly serve customers, businesses do best when they focus their marketing and personal pitches on the value that they create rather than on the shortcomings of their competitors.

And when customers feel really good about the choices they make in the marketplace, we all win!

Read the full article here.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top