Thursday, April 23, 2009
Branding is NOT a band-aid or an image alone
Monday, April 20, 2009
Learning about Mission from the Monks
Business Secrets Of The Trappists, Part 1
August Turak,"For more than 12 years I have been going to a Trappist monastery in Moncks Corner, S.C., called Mepkin Abbey. As a monastic guest, I wear a habit and temporarily live the life of a Trappist monk. I go primarily for spiritual reasons, but as a businessman and entrepreneur I am fascinated by the worldly aspect of the monastic life.
Mepkin, like monasteries the world over, runs a business. These monastic businesses are invariably based on just the kind of low-margin, highly competitive "me too" commodity products--cheese, fruitcakes, eggs--that any first year MBA student would "wind down" and "exit" as fast as possible.
Yet these monastic businesses are hugely successful. The demand for their prosaic products far outstrips supply, giving monastic businesses the kind of pricing flexibility usually associated with dominant brands or patent protection............."
"All too often our organizations fail to reach their potential because people spend too much time looking over their shoulders. What is so striking about Mepkin is that the monks are never looking over their shoulders. They are passionately committed and totally focused on the task at hand, and they know that their brothers are doing the same. As a result, they are highly efficient and get an enormous amount done in the four hours a day they dedicate to earning their living.
Yet if we allow ourselves to be impressed by the monks because they manage to accomplish so much despite their single-minded dedication to their mission, we make a common but cardinal error. It is because of their focus on mission that they operate a multimillion-dollar business with a degree of frictionless efficiency that would drive most profit-driven executives to distraction with envy. And if we are willing to learn from the monks, our secular corporations can do the same."
To read more - visit: http://tinyurl.com/cnaj8d
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