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Ideas & Realizations

7 Ways Corporations and Governments Can Make Better Decisions​

Corporate or Political, there is Still Great Room for Improvement  

By Mark Greer, Published February, 21 2013

  1. Adjust decisions on the fly. Decisions cut through too much red tape, and are incorrectly made with the mindset of finality. Whether a corporate board, or a political vote, all new decisions expose unintended consequences and new realizations once put into practice. We must allow our approach to be flexibility for adjustments.

  2. Approach each issue with an open mind. When is the last time you heard a politician say “I’m not sure what the best solution to that problem is. We have a few ideas, but I bet we could discover something better.” Always having an answer for everything might reassure the layperson, but confine you to mediocrity. This point is elaborated on here by TED: Trial, Error and the God Complex: http://www.ted.com/talks/tim_harford.html

  3. Gather enough evidence. It is human nature to form beliefs without evidence. Rise above this irrational tendency. Disagreements are common among partners. Gathering evidence, and running tests should be the go-to reaction to disagreements. New evidence often humbles BOTH sides of the argument and identifies a compromise.

  4. Prioritize the customer (or constituent) as most important. Decisions should not be made in the best interest of the suppliers, special interests, employees or managers. They should be made in the best interest of the customer or constituent, period. They are the reason the entity exists. All parties win when the customer or constituent is prioritized.

  5. Avoid overgeneralizing. Your customers are not cattle, uniform in thinking, purpose of use or approach. “$7.25 is not enough to live on, we must raise the minimum wage to $9”. This statement fails to take into account that most people earning $7.25/hour are not trying to raise a family. A portion are teens, retirees, homemakers, immigrants, and more. There is always far more to the picture than meets the eye.

  6. Let your actions, not words, do most of the speaking. The best way to win the hearts of customers, partners, voters, suppliers, is to build or achieve something great that benefits everyone. Draw your customers in with what you’ve honestly achieved. Trying to convince customers you are a productive force with self-congratulatory marketing messages only creates skepticism and resistance in the customer's mind.

  7. Step back and look at the big picture. Ask why are we doing this? We spend more on military than the next 10 nations combined. Why not focus on ways to build relations than tension? Its cheaper, and better for the world. Businesses get stuck in the daily routines and driving sales rather than improving the overall value their business delivers.

My Management Style
By Mark Greer, Published March 5, 2012

 

  1. The most important thing you can do to insure your business's leadership is to genuinely prioritize the customer's needs over profit. Cramming the page with ads might be good for the bottom line, but it alienates users in the long run. The secret of success is to honestly do your best for the customer.
  2. I specialize, get more introspective and truly develop my specialty, whereas most managers diversify and mistakenly dilute themselves. Broadening your scope is fine, but not at the expense of developing your specialty. Between 2004 and 2009, I dedicated 100% of my efforts to serving the bus charter customer. In the same time, competitors spread themselves across several online ventures, never developing meaningful success in any of them.
  3. Marketing messages, PR, newsletters and other communication with the customer is only made when there is something truly important to say. My product has a cause (such as consumer advocacy), it isn't just another product. My communications are revolutionarily personal, concise and high-impact, not canned, long-winded and graphic-laden. I provide concise quality information as opposed to the mindless fluff-filled quantity most managers send as a way of differentiating my brand and showing the customer you respect their time. Saying nothing is a better marketing message than sending them a low-value email or social media message. Messages truly benefit the reader, and are void of self-congratulatory marketing messages.
  4. I target the intellectual, and if the customer is not an intellectual, I flatter the customer by assuming they are, or help the customer become more intellectual. Many managers mistakenly dumb down marketing messages to a point where they feel annoying. I strive for simple and concise, not broad, assumptive and .
  5. The only way I approach a project is with the intention of finding the most substantive customer experience breakthrough I can within a practical amount of time, then never stop evolving your project. I refuse to do "good enough", or launch anything incomplete. I believe it is worth it to dedicate ten times the effort to deliver a product that is only twice as good. I thoroughly analyze every aspect, brainstorm and visualize the customer experience with every intention of setting the bar. Where other managers aspire to be like a leading company they have seen, I aspire to revolutionize and make the leading competitors obsolete. The goal is to shock and wow the customer. Think big like a leader, not small like a follower.
  6. The customer experience is the most important aspect of the business. Innovation starts with the customer experience. Website ease-of-use, communications, product offerings, responsive customer service are all part of the customer experience. I only implement that which I visualized and confirmed that the customer mind will love. The customer experience, site features and design evolve infinitely. There is always a breakthrough realization around the corner. There is a solution to every problem.. I put the customer first, suppliers second, and employees third. The failed manager puts employees first, suppliers second and the customer last. Decisions about product or service are decided upon based on the customer's cognitive process. For example, if I were to add a directory of hotels to the charter bus directory site, BusRates.com, I wouldn't simply add a list of all hotels as the new managers attempted (3 years after the project was launched, the directory is still largely incomplete and indistinguishable from any online yellow page directory). I would consider what it would take to get booking customers and tour pros to stop using their current method and switch to BusRates. I would likely differentiate our hotel directory by only listing hotels that are bus industry favorites or bus association members had I decided to take on the project (which I wouldn't have, as it is better to specialize, not dilute as long as there is plenty of room to develop the specialty which there is).
  7. While I understand the intention of most managers to accept and use the projects of others without questioning its quality in an effort to boost the morale its designer, my tendency is to facilitate the unrestricted flow of honest, direct, communication enabling critique without worry of offending one another. I refuse to settle for design that is "good enough", go for exceptional. Design is more important to a brand than most managers designate attention to. Having an exceptional logo and name versus a mediocre one has a more substantial positive effect on the business than most people allocate time to.
  8. One of my greatest talents is visualization which allows foresight (knowing when to hold 'em), assessing consequences of a decision, predicting outcome, and accurately estimating a project cost and time frame. Hundreds of competitors had tried building and monetizing a bus directory before and after, perhaps as many businessmen advised me against the directory model even if it was not explicit, but I still confidently proceeded knowing I had a vision that would not only succeed, but lead. I am so naturally good at preventing accidents that I turn down insurance wherever possible in my personal life. Example, a new manager who was a corporate website developer in a prior position, promised project completion within 6 months. Despite my adamant warnings that his goals were impossibly incorrect and would not achieve the desired result, they proceeded anyway. 3 years later, the project is still vastly incomplete, not monetizing, and even worse, live on the site not functioning. His continued employment in an environment of low expectations will ensure a future of mediocrity for the brand.
  9. I personally maintain a high level of control over the quality of the customer experience. Where most managers delegate various web page forms to developers and do not thoroughly check their work, I tightly oversee even the smallest details. I don't ever close the book on a front-end project (back end, is low priority). Revisions are ongoing indefinitely to stay on the cutting edge of the ever-evolving customer experience.
  10. "Baptism by fire" should be burned at the stake. I manage a business so that customers do not suffer for the company's failure to provide their employees complete training. "Fake it 'til you make it" works against the ideal corporate culture of complete honesty and integrity.
  11. After writing up a conservative start up budget, I ruthlessly find ways to accomplish the same amount of work for 75% less capital. One of the greatest ways to ensure success is to extend your ramp-up time by reducing start up costs. My recall one colleague paying a contracted salesman a monthly base rather than on 100% commission. As I warned, he produced little results and we had to eat the cost of his experiment. He also proposed to have an app built for our site because that's what others were doing. I successfully blocked this idea however as the app filled no substantive need.
  12. I am not overzealous in attracting new partners. They will come to us. Rather than go and introduce myself to desirable partners, I let the actions of my business speak louder than my words. By achieving something great for the industry, partners will take notice and have a reason to respect you before the communication lines are opened.
  13. I am creative in finding ways to motivate employees on a fundamental level. Some of these methods include: Turning aspects of work into a game; Telling the story of our scenario in a way that makes people better appreciate our desired outcome; Setting targets that, when achieved, can be seen in the market; Staying loyal to employees that genuinely are trying to learn. I know how important it is for the office personnel to get past that uncomfortable professional stiffness and be able to communicate freely and directly. This can be a challenge for me as I am more of an introvert, but with help from other office social leaders, I will do everything I can to facilitate it.
5 "Big Picture" Economic Forces I've Noticed

Common Pitfalls Our Political and Financial Leaders Fall Into

By Mark Greer, Published February 22, 2013

​1. Societal economic success is more affected by emotion than on the numbers. A confidence-inspiring speech can have a more productive effect than adjusting an interest rate. When the market crashed in 2008, the fed began lowering interest rates, quantitative easing and other bailout measures, but did little to reassure Americans can be confident in the system. While the market was crashing, I saw over 20% of bus chartering customers cancel their trips. Construction projects near my DC home were postponed. Fear of a bad economy is a self-fulfilling prophecy. Economic crises require acts of leadership that instill confidence. A team of financial professionals could be dedicated to brainstorming ways this could be done. If Bernake had come out and said “we see no need to continue easing, the economy is on track to flourish again”, this statement would see a dip from the lost sugar high, but led to a healthier growth in the long run. The stock market is irrational and dominated by the greed-fear pendulum. The US has an exceptional culture of economic literacy, that continues to strengthen as movies and TV shows portray success stories of the American dream.

2. Economic success should ultimately be measured by standard of living, not GDP. Most financial industry professionals rarely talk about standard of living, GDP is the end-all number. But GDP only looks at the quantity of goods produced, whereas standard of living asks “What is the quality of the results these goods have produced?”. Building a new strip mall increases our GDP, but our standard of living could decrease if the mall is built shoddily in an undesired location, is not attract shoppers, and to top it off, was built on top of an area that once was scenic woods, yielding a net reduction in your quality of life. Focusing on GDP alone won't help us see the big picture. It could lead us to a future world of high salaries, rich in goods, but smaller, more crowded living quarters, and the end of nature.

3. Execution is more important than the idea or philosophy. BOTH the free market and government spending are capable of improving or worsening our standard of living depending on how well we execute spending. Romney talked about cutting every government program he could, but this is flawed thinking. PBS creates productive jobs, develops skilled professionals, and provides a service that increases the standard of living of its viewers. It makes sense to cut funding if no one watches PBS, but 90% of all households will watch it at some point over the course of a year. When GM was on the verge of bankruptcy, a group of investors putting up money to keep them afloat is an act of the free market. When government bails out a company, does it not provide the same effect as a conglomerate of investors making an investment? When the government does it, does it not instill confidence? As long as government is spending money on programs that improve our quality of life, such as a police force, and does not overspend on things we would never use, like too much military, we benefit.

4. The free market can not solve every problem of society. Capitalism has no incentive to: ​​

5. Government does make poor decisions, but no worse than new businessmen whose 95% of business’s fail. Both areas are susceptible to human nature. The free market process enables the hardest-working businesses to rise to the top. How do we create an incentive for governments to improve their efficiency? Metrics competitions between local offices?

  • Arrange disaster relief
  • Organize a reasonable degree of national defense
  • Protect the environment
  • Protect intellectual property
  • Enforce law without corruption
  • Print money
  • Smooth out the business cycle without conflict of interest
  • Make mankind’s greatest scientific discoveries
  • Proactively prevent disasters
  • Judge and incarcerate criminals without conflict of interest
  • Establish positive relations with other nations​​

 

Political and Philosophical Orientation
By Mark Greer, Published March 5, 2012

While I consider myself a moderate (socially liberal, economically conservative), I believe that every situation should be evaluated independently. I strive to approach every decision with a clean slate, gathering evidence for each. One should always be prepared to be humbled by your findings.

There are two main ways to view the world. One, as a human with human wants, needs, emotions and spirituality. And two, objectively as a scientist, seeing the big picture without the fog of human irrationality. My feet are firmly planted in objective rationality, careful not to form beliefs without evidence, while still making sure to enjoy the full spectrum of the human experience, but like an author who is writing a story.

The main reason we almost never reach consensus in politics is because people view life in varying degrees of these opposing orientations. There are consequences to being too much of either viewpoint. The human spirit view will fail to address big picture catastrophes like overpopulation, overconsumption and climate change. The rational scientist view can slow productivity out of preservation and protection for the environment.

Comparing My Sites to Competitors
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