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What Is "Value" To Your Customers?

Perhaps it's only fitting to mark the successful gym, one would have to accept
passing of one of my professors, Peter F. these customers and make it possible for
Drucker, by meditating on one of his them to maintain their illusions, because
favorite, and I believe, most important these illusions are satisfactions to
questions.Whenever my classmates and I them. Illusions constitute "value," in
would boast about our products, our the Druckerian sense.He was fond of
technologies, our specialized experience, telling us how his young niece requested
or say anything at all self-serving, he'd a special gift for her birthday, which
swiftly bring us back to reality by provided no functional utility at the
noting: "All of that is fine, but what is time--her first brassiere. Instead of
value to your customers?"In other words, dismissing this request, he understood it
it didn't matter if we believed we beat as a desire to feel more grown-up, and he
the pants off our competitors by having honored her wish, giving her a truly
more branches in more places. If we valued gift, and great joy.Not only do we
couldn't argue convincingly to the have to ask the all-important value
internationally famous Father of Modern question. We need to re-ask it, if we
Management that our customers agreed with hope to keep pace with and to retain our
us, those branches, no matter how clientele.Realities change, sometimes
sparkling and expensive, were of no suddenly. GM's biggest SUV looks very
consequence, whatsoever.In fact, by different when the price of gasoline
focusing at all on our own opinions, spikes. Bally's has to stay on top of
instead of actively monitoring and trends, and offer Pilates or yoga
measuring our customers', we err in two classes, depending upon what seems to be
ways. We waste time and resources looking in demand. It can't say, "We've always
inward, which is decadent, and we run dance classes, and that's it!"Being
insulate ourselves more and more from the guided by customer sensibilities can be
only people who really matter in very scary to some businesspeople. It
business-customers-who pay our bills and requires us to challenge tradition and
provide opportunities.Value isn't always preconceptions, to open up, to ask
obvious, Drucker would point out. We may questions, and to renounce
think we're providing one satisfaction authoritarianism. We need to be willing
when the customer is really deriving to really understand the viewpoints of
another, more significant satisfaction to others, and to cater to them, to serve
him.Take a modern gym, such as Bally's or them the way they want to be served.We
24-Hour Fitness.Their generally accepted need to be prepared to abandon our
purpose is to "get people into shape," if favorite products, the ones that have
you ask most of the people who work defined us and nurtured us, when there is
there. Certainly, many people buy the hint that they no longer deliver
memberships for that stated purpose. But value to the customer.That's tough, and
there are lots of other reasons people that is part of the legacy of Peter
sign-up.For some, it's a social outlet, Drucker.As former GE CEO Jack Welch said,
for others, a sanctuary where they can Professor Drucker had a knack for asking
set their own pace, relax, and escape the the right question, usually a deceptively
demands of family and co-workers. For a simple one, that could add tremendous
few, it's a chance to preen, to show-off clarity and value to one's business.Dr.
their abs or biceps or whatever the Gary S. Goodman is a popular keynote
muscle de jour happens to be.If you speaker, management consultant, and
observe most members, they're in no rush seminar leader and the best-selling
to move from station to station. They author of 12 books, including Monitoring,
linger, and their heartbeats seldom seem Measuring & Managing Customer Service.
to reach that magical aerobic moment when Gary's programs are offered by UCLA
calories happily burn away.If they're Extension and by numerous universities,
pushed by the staff or by other patrons trade associations, and other
to work harder or faster, they rebel, if organizations in the United States and
only silently.They want to get into shape abroad. He studied directly with Peter
their own way, which of course, isn't Drucker at Claremont Graduate University,
always technically feasible, but many for two and a half years, earning an MBA,
folks con themselves into thinking that in the process. When he isn't consulting,
they're progressing. Their victory is Gary can usually be found in Glendale,
walking through the gym's door, not in California, where he makes his home.
becoming an Adonis.To run a financially




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