Ken Tencer

About Ken Tencer

Ken Tencer is CEO of Spyder Works, a leading business consultancy for organizations and investors seeking to drive sustainable growth. If you have any questions about this article or its relevance to your business, reach out to Ken at ktencer@spyder.works. The Spyder Works team, whose strategic and operational experience spans six continents, helps clients turn their most pressing challenges into powerful solutions. We provide consulting and enhance capacity in the disciplines of corporate and financial strategy, innovation and intrapreneurship, branding and marketing, organization and operations, and learning, leadership and culture.

Posts by Ken Tencer:

2019: Courage, focus, and the fork in the road

2019: Courage, focus, and the fork in the road

Yogi Berra, the timeless philosopher and all-star catcher for the New York Yankees, famously said, “When you come to a fork in the road, take it.” While his phrasing might not have passed the scrutiny of a high-school English teacher, Yogi’s notorious sayings never lacked for passion or meaning. And this quote hits a home run in terms of helping companies deal with their biggest challenge: creating a flexible strategy to power growth in 2019 and beyond.

In baseball, the catcher is the on-field leader, consulting with the coach, setting the infield and advising the pitcher. This natural gift for communication might explain how Yogi, in just 12 words, gave us such a useful model for addressing business purpose and change.

  1. The road: The choice of path that your organization will travel to make the most meaningful impact on its customers represents your strategy.
  2. The fork: How your organization manages ongoing choices and opportunities represents your tactical and operating plan.
  3. Take it: All organizations need a succinct framework and set of criteria to quickly assess new options. This is your decision-matrix, which incorporates strategic, financial and go-to-market benchmarks.

These three simple steps enable us to analyze opportunities at many different levels. They help us to balance the big picture and the details; act on those details in the most innovative way; and make the most of our limited resources.

There’s just one problem. In my experience, most organizations don’t recognize when they’ve reached a fork in the road, because they’ve never committed to a focused vision or an aligning strategy. Without this consensus, an organization is a traveler with a map, but no destination – making every fork in the road a potential peril.

I used to think this was just an issue for entrepreneurs: people who live by the gut, chase shiny objects and hold their breath. But, over my 17 years at Spyder Works, I’ve found ambiguity and hope influencing organizations of all sizes. At a recent meeting where I challenged the clarity of an organization’s vision statement, one senior executive actually said, “We wanted to keep it a little vague so as not to box ourselves into a corner.”

My direction? “Don’t be vague. You have to be fearless, focused and disciplined.”

Your organization can’t begin to be fearless, focused or disciplined if its leaders can’t describe what it is, what it does best, and why.  Leaders need to figure out what business they are really in, who their markets are, and what those markets really need. Yet most still work through guessing and assuming.

This is why many businesses get stuck running what already is, instead of understanding and innovating what could be. For instance, someone, somewhere, once asked: Can a gas station sell more than gas? Is a corner store in the business of selling milk, snacks and cigarettes – or does it provide a web of convenience for busy customers?

Strategic thinking begins by questioning the status quo. If you’re selling gas and sundries, it’s hard to differentiate commodity products – but you can deliver a difference through time and convenience. That’s why we have seen gas stations turn into multipurpose convenience centers selling fresh coffee and hot snacks, complete with drive-thrus, ATMs, lotto centers and grocery sections. This evolution is even evident in the branding, with new logos such as ExxonMobil’s “On the Run” aiming to build brand equity in the corner-store sector.

If you don’t understand what your customers value, and how you solve their problems, then it’s hard to determine which assets and ideas will get your organization where it needs to go. Or as Yogi Berra said, “If you don’t know where you’re going, you’ll end up somewhere else.”

Fortunately, it’s not that hard for organizations to rediscover their purpose and chart new paths. At Spyder Works, we’ve built a team of experienced business professionals who have helped their own organizations strategically expand their impact. In just the past year, we have helped clients find many ways to break through market clutter to achieve success:

  • Continuing an ambitious growth plan with a leading retailer to increase revenue by 50% in less than five years;
  • Beating a longstanding retail sales record for a mass consumer brand by a full 25% in only the 2nd year after launch;
  • Developing a targeted digital marketing strategy with one of Canada’s largest retailers that improved monthly sales performance by 20%;
  • Working with a financial-industry association to address the sector’s aging workforce with a platform that attracts new entrants and helps them build more fulfilling careers;
  • Designing and implementing a 12-month onboarding program that boosted employee effectiveness from Day 1;
  • Creating a holistic growth and transformation model, including quantitative and qualitative metrics and operational support, to help a client achieve its growth targets;
  • Combining journey mapping with customer insights to improve a national retailer’s overall customer experience;
  • Helping a wellness organization uncover and implement innovations in product, service and process.

These are just a handful of the benefits that accrue when companies figure out what paths to follow and how to navigate forks. With such skills, 2019 can be a year of courage, discipline and growth for any organization.

How to get started? Yogi Berra got it right again: “Somebody’s gotta win, somebody’s gotta lose. Don’t fight about it. Just try to get better.”

No comments

Your Three Drivers of Success in 2019

Your Three Drivers of Success in 2019

George Carlin was one of the great humorists of the 20th century, drawing his observations from culture, politics and the restless world around him. One of his greatest quotes sticks with me: “Just when I discovered the meaning of life, they changed it.”

This quote reminds us that change is the only constant. For me, though, it also reinforces that I must never be satisfied in business, because satisfaction breeds complacency. My three decades of success as an entrepreneur (first in manufacturing, then in consulting and strategy) are very much grounded in a lifelong desire to create my own future. I bring the future into focus every morning by asking myself three simple questions:

  1. What am I going to sell today? (Sooner or later, you have to sell something! I like to make it sooner.) One of our best critics is my partner John’s youngest son, Quinn. Whenever we tell him our latest business idea, Quinn grounds us with the simple question: “That’s great; will it help you sell more?”
  2. What one thing can I improve in my business today? Change drives efficiency and customer delight, and “improvement” sounds much less daunting than “innovation.” I highlight one thing because success flows fastest when you focus on one activity at a time.
  3. How do my answers to the first two questions tie into my company’s long-term strategy? This question helps me stay on course, and avoid chasing shiny, short- term opportunities that invariably take our business off-track.

These three questions help me coalesce my thinking around growth and prosperity. They serve as a constant reminder that innovation comes from paying attention to customer delight, and that clarity drives growth. While these questions have served me for decades, the business environment has changed dramatically. That leads to three new insights I’d like to share.

  1. You can’t do it alone. Not any more.

    As entrepreneurs, we need to get out of our own way, as quickly as possible, to allow our businesses to reach their full potential. I get it. When we start a business, we’re alone. Look left, look right, there’s nobody beside us to help us. But as a business grows, so does the team around you, and business owners must make the leap from “island thinking” to inclusive leadership. The world is spinning faster, and product lifecycles are shortening. You can’t do it alone any more. Nobody can. The good news is that companies large and small are rife with engaged, entrepreneurial thinkers. Your new cadre of millennial employees (and much of Generation Y, the cohort that preceded them) were not raised like the boomers that came before. They were not told to keep your head down, put one foot in front of the other, don’t cause problems. They were raised to think independently, to make a difference. Growing up with social media, millennials are accustomed to interaction, dialogue, opinion and debate, about anything and everything. Today, smart leaders drive innovation and collaboration by making their workplaces more stimulating and engaging. You need to attract and retain the best of the best. Fortunately, this evolution is fueled the most basic of skills: listening, sharing and empowering.

  2. Low Tech may be your best tech.

    A few years back, a group of managers with a major company proudly presented me with 800 business-improvement ideas generated by their innovation program. The ideas were solicited through an online platform and stored on one individual’s laptop. What a waste! Languishing in a system dedicated to storing ideas, not adopting them, these ideas were old and often obsolete. The company had never devised a plan to turn these ideas into higher revenues, reduced costs, streamlined processes and improved customer engagement. Consider this advice from productivity expert Alan Henry on LifeHacker: “The best productivity methods keep your to-dos in front of you and prioritized so you never wonder what to work on next. Some are complicated, but others make it easy to see everything, organized by priority—so easy you could use Post-It notes if you wanted.” The organizations’ problem was founded in “out of sight, out of mind.” When the computer was turned off, the idea bank was closed. Change flourished through transparency and consensus. My solution, which I have implemented with clients and in my own business, is a simple 4’ x 6’ whiteboard. After identifying our top five strategic areas, we use masking tape to outline five columns on the board. Within each strategic area we then identify the top five “to-dos,” writing them on the board and assigning teams and critical dates. This board is left in open view for all team members to see and update. For occasional meetings, the board is rolled into our meeting room to help us assess progress, identity challenges and push the best ideas to market. Sometimes you have to go old-school. In offices driven by front-burner issues, opportunity can only compete by staying in plain sight.

  3. The future changed while you were sleeping.

    Just a few months ago I woke up to the news that researchers in Guelph, Ont. had used 3D-printing technology and a titanium skullcap to replace most of a dachshund’s cancer-ridden skull. A CBC report labelled it “a novel procedure.” “Novel?” That’s Canadian modesty for you. It was an incredible accomplishment driven by teamwork, technology, compassion and the drive to make another’s life better.

As George Carlin taught us, nothing stands still. We may not all be able to save a life, but we can (and must) find new ways to improve our customers’ lives. As the new year dawns, you must resolve never to be satisfied with the way things are. Because your customers will never be, either.

No comments

The future is here, introduce yourself and say hi

The future is here, introduce yourself and say hi

Aether and Credo presented the unique Humanizing Innovation un-conference (http://aetherlearning.com/summit/) that combined knowledge transfer, skill building, storytelling, and networking in the Dynamo of the South—Chattanooga, Tennessee. The summit focused on ways that companies, organizations, and individuals are humanizing innovation to drive positive change and sustainable growth. Attendees learned how to create, contribute, and connect the atoms, pixels, currency, and heartbeats required for the ever-evolving experience economy.

The summit was designed to provide actionable next steps to generate a measurable impact for your organization. It introduced participants to others through meaningful discussions, taking part in collaborative experiences facilitated by thought leaders, and inspiration by the next generation of activists, designers, business leaders, and technologists, all while experiencing the best food, music, and culture the region has to offer.

No comments