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Wednesday, January 23, 2013

Exclusive Business Style


When talking about business style it becomes clear that different companies and different managers understand that term and what it is supposed to symbolize differently. Style is about presentation, about standards, about image, about who you really are. Style encompasses almost every aspect of everyday life. The image we create includes and is defined by our style.

Therefore our business style should be carefully formed and developed to perfection. Unlike many other things style cannot be faked. If we pretend to be an honest and socially responsible company while we steal from our customers and pollute the environment, it is stealing and irresponsibility that define our business style. Of course, some companies use a lot of money on public relations in an effort to cover their indiscretions and create a stable pretend-image. Money bad spent.

Another wrong interpretation of business style is that exclusivity is achieved by being different. I have seen the results of exaggerated focus on being the only one. They included mail labels which did not follow the generally accepted norms about labeling a letter, business cards which confused customers by providing unclear contact information, and last but not least 4 slogans on the back of the business cards promoting corporate responsibility and progressive innovation, while the company still did not account for any of them. That is what one can call an outside-in style, that is, a style created outside of the company, not aligned with the its values and forced onto it in the hope of becoming true.

Style is indeed a great commodity and it is understandable why companies strive to be perceived as working with great style. It is a great commodity though, only because it is a reflection of our behavior in the minds of our stakeholders, a reflection of our hard work on becoming who we are. That cannot be faked. Just think about corporations as Maersk. One can argue that it is different small things that build up their image and the perception of great style. The truth is though that their style cannot really be tracked to any of the small details in particular as all about them adds to who they are in our minds, thus creates the idea of business style.

In that sense trying to fake a business style is a condemned mission. First, it will take a lot of resources and time. Second, it will add to the stress in the company as employees will perceive the attempts to present the business in one way while working in another as schizophrenic. Last but not least, we live in an information society and truth always surfaces sooner or later. Therefore save your business the chocking impact with reality and avoid becoming a schizophrenic company. In fact the stakeholders have often a more positive attitude towards innocent-sins companies than such which pretended to be saints and turned out to be sinners. Do not forget – image is hard to build and easy to destroy, the same is valid for business style.

That is why most successful businesses demonstrate that they have understood the importance of genuine identity. Genuine identity refers to such an identity build from inside out, following the business strategy and practice. It is not a mask, product of an outside PR agency, forced onto the company’s face. Producing slogans and offering them to stakeholders, as mentioned above, is simply pure waste of resources and on top of that is dangerous.

Another common mistake regarding style development is attempting to be unique. Being unique is in fact something, everyone dreams about but there are good reasons for some equity to be established among us. The given example with the one-of-the-kind mail labels shows why. The post office got confused about who the sender was and whom they needed to deliver to. Was that a good way to differentiate the company? Following established standards is necessary in order to function in a society. Developments, innovation and revolutions are carried out in such a way that they do not bring confusion. That means that consensus should be achieved on them. Otherwise they are either dismissed or ridiculed by the conservative society.

If not that way, how do we establish an exclusive business style? Well, the simplest answer is just be exclusive in everything you do. We live in a society which values quality, simplicity, high standards, excellent services, transparency, responsible businesses, welfare, environment, care, etc. Being exclusive means that you fulfill as many as possible of the requirements of your stakeholders AND you do a bit more than required. Furthermore, it almost does not need mentioning, you have to be a reliable partner, honest and ethical and open to your local communities, perfect in legal and economic perspective, bold enough to be a leader.

After working hard enough on becoming the great company you wish to be perceived as, you can focus on the other details – presentation, communicating – directly and indirectly – your social leadership, sustaining your position. You need to accept though that it takes time and resources and the end result is often unpredictable as it depends on many internal and external factors.

What is guaranteed though is that you will gain a lot in the form of enhanced image and stakeholder trust and support. Exclusive business style today stretches beyond business and transforms companies into socio-business institutions with responsibilities for welfare, healthcare, safety, ecology, etc. No company, no matter how strong it is at carrying out business operations, will be perceived as a high-standard company as long as it does not take ownership of social issues as well.

That is why what you need to remember is: do not spend money on style attributes or image creation. Follow the highest standards of business, respect and include your stakeholders, act socially responsible and always go a bit further than required. Instead of talking too much how great you are, let others talk about you. Do not forget that every detail of your behavior talks, be thorough in developing and sustaining your public image.


DIDI

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