What Is "Value" To Your Customers?

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