Friday, November 16, 2007

Core Ideology

I recently had the book Built to Last by Jim Collins and Jerry Porras recommended to me by a business colleague as a must-read. One of the guiding principals throughout the book, which uses what the authors label as "visionary companies" as examples throughout the book, is that in order to set your organization apart from the competition, you must clearly identify your organization's "core ideology." While this is detailed out at great length in the book, I walked away asking myself the following questions in order to get to the answer for our business. What are the fundamental items that make up your organizational DNA? What are the underlying guiding principals of your company that will not waver in the face of economic or financial issues? Here are the results of our discussions:

  • Do what is best for our customers.
  • Be honest and ethical at all times.
  • Develop our future leaders and promote from within.
  • Have high expectations and a low tolerance for poor performance.
  • Run lean while maintaining a high level of fiscal responsibility.

Our original list of items was about 30 deep. We had to go through a series of eliminations as well as discussions among some of our key folks in order to chunk this list down to the five aforementioned items. While we are still in the refinement process of ensuring this is truly "the" list for our organization, I feel compelled to share what we find through this process and share my own thoughts with you along the way.

You could even do this from a personal standpoint. Ask yourself the same questions about your own person and you can identify your self-core ideology. Pretty interesting. If you are an entrepreneur, you could even incorporate your self-core into your business core. What a great way to keep your passion for your business alive and well.

What I like the most about this exercise is that makes it pretty easy to streamline the decision making process. If something goes against your core, you do not pursue it. While we all live in a business climate of healthy change, it is important for businesses to know why it is that they exist beyond the underlying concept of making money. If you want to build a "visionary company" as Collins and Porras mention in their book you have to exist for a "purpose beyond profit." This will provide for a much more "clear vision and sense of direction" while maintaining a "pragmatic pursuit of profit."

The next step in this process is for us to identify our core purpose as an organization. On the surface this seems pretty easy. We shall see, as I plan to open the issue up for discussion among some of our leadership folks here at The Employment Guide.

While I find these exercises especially intriguing as I just finished reading the book, I also see a great benefit in taking our leadership team through the BTL process. So far, we have benefited from the depth of the discussions and have a clearer sense of direction or vision for our organization.

Did you come up with a list of three to five items that make up your own personal core ideology? If so did you encounter any surprises?

Thanks for your time.

Jeff Littlejohn

Friday, November 9, 2007

The Changing Face of Distribution

As the publishing industry continues to evolve and become predominantly one that is electronic media oriented, so will distribution. The move towards changing the way in which publishing companies look and measure their distribution is being driven by the consumer. As more consumers switch to predominantly online sources for the news and information, publishers will have to follow. Newspapers are no exception to this change, especially given the collapse of the paid subscriber. The questions are: Are they willing to change and can their culture allow for this change quickly enough as to not lose the franchise?

Our organization, The Employment Guide, is a publisher. We publish 80 free weekly employment publications across the United States. Just like all other publishers, we are not exempt from the changing media landscape. Our website EmploymentGuide.com is one of the top ten job boards in the United States (according to the comScore Media Metrix for Career Resources & Development sites, September 2007). We are making a concerted effort and significant investments in leading our organization successfully into the future. One component of our future will include an electronic distribution network that is being constructed to support our print titles in how we are meeting the needs of our customers. We are in the process of constructing this network which will allow for our client's message to be delivered through an electronic means to job seekers in a way that will specifically match the job seekers needs. In addition to distribution directly to job seekers, we are continually building additional distribution channels for our customers' job postings. We currently distribute our content to a multitude of websites, as well as powering a job board for a variety of websites across the internet landscape.

Of note is the recent trend towards publishers communicating their total distribution to include their online distribution. It is about time! Most of these publishers, including us, have made significant investments into developing this side of their business. All of this hard work, investments and the results of the effort should be allowed to be an extension of their distribution. In fact, if you were to take the more than two million copies of our print publication that we are distributing across the country on a weekly basis and add the readership (averaging 2.5 readers per free publication picked up) of the job seekers picking up our titles to our comScore, we would rank as the number four job resource in the Untied States, only outpaced by the three largest general job boards/resources. As far as niche resources for the hourly non-exempt job seeker, we would rank number one.

That is exciting as we strive to deliver quality results for our customers. We will continue to work on the development of an online distribution channel that will be hourly, non-exempt job seeker centric. The results of this initiative will manifest in the upward trend in our traffic over the course of the effort. We love to compete. We are excited about the future. No doubt we are a publisher that is evolving, but we are on the right track to continue our progression as a dominant player online. The Employment Guide is an exciting place to be right now. We are having a lot of fun while working on our own professional development as we continue on our journey of organizational evolution.

How is your organization evolving?