The Glass Ceiling Sucks—and These 7 Women Have Helped to Smash It
From Zhou Qunfei to Oprah Winfrey, learn how these women help tip the scales as they take on positions of influence in the world.
From Zhou Qunfei to Oprah Winfrey, learn how these women help tip the scales as they take on positions of influence in the world.
When the first Samsung Galaxy Note 7 battery exploded, it signaled more than a product failure, it set the stage for a series of mis-steps that has earned the company the inaugural award for bad corporate behavior given monthly by Vox Populi Registry, the company bringing dotSucks domain names to the internet. In our view, the award for the month of October was well-earned. There were quite a few nominees for the October award. T-Mobile limited its unlimited data plans, Comcast overcharged consumers, Deutsche Bank paid fines for its handling of mortgage securities and Booz Allen had another NSA leak, but Samsung achieved special status as it couldn’t figure out what really caused the batteries to ignite. Though first reports of the product failure surfaced in September, the failed recall, multiple replacement cycles, inability to isolate the cause and extending the problem to Samsung washing machines made October special. If Vox Populi had chosen to begin this program earlier in the year, other companies might have earned the title of “First.” If the program started in August, it could have been Mylan Pharmaceuticals, based on the “what the market will bear” pricing for its lifesaving EpiPen; in September it might have been Wells Fargo on the strength of its phantom account scheme. The award is based on search traffic activity at its web site, www.get.sucks, and social media attention. In the case of Samsung, the award even had a personal aspect. It was clinched while I was on a recent flight and the attendant added to the take-off list off “to-dos” to make sure we did not turn on or power up our Samsung Galaxy Note 7, I knew then the company had made its mark. Vox Populi Registry and its dotSucks internet domain name platform is designed to help consumers find their voices and allow companies to find the value in criticism. Each dotSucks domain has the potential to become an essential part of every organization’s customer relationship management program. There is no physical award or certificate for the honor, just the pain in knowing it was a job badly done. I wonder who will win in November?
Those of us at Vox Populi Registry have long said there is value in criticism. It can’t be dismissed as marketing-speak. One need not look any further than at the new companies and initiatives that have emerged on the dotSucks platform. Criticism also has helped make us – Vox Populi Registry — smarter and better positioned today than we were at launch because we have paid attention to the feedback. Yet some days, promoting the value in criticism can feel a lonely exercise. Even when, at a time when the cost of acquiring a new customer is a lot higher than keeping a current one, any company not listening is deaf. Not only can cultivating criticism keep companies one step ahead of unhappy customers, it can lead to new products and services. It is becoming even clearer that to ignore criticism is like leaving money on the table. Just as marketing executives are warming to “sucks” not as a pejorative, but a call-to-action (just ask Taco Bell and Jolly Rancher), so too is the broader business world now moving to embrace it not just as a way to promote a product from an angle that cuts through the noise, but to design the products themselves. You don’t have to take our word for it. In the Harvard Business Review, Roberto Verganti, a professor of leadership and innovation at Politecnico di Milano, put it this way: “The business world is awash in ideas for new products, services, and business models…Yet many organizations still struggle to identify and capture big opportunities.” The essential missing element is “The Innovative Power of Criticism.” Here are the important bits First: “If companies don’t change the lens through which they assess ideas, they won’t be able to identify the outsiders they should seek, know what questions to ask them, and recognize their most valuable input.” Second: “’Criticism’ comes from the Greek word krino, which means ‘able to judge, value, interpret.’ Criticism need not be negative; in this context it involves surfacing different perspectives, highlighting their contrasts, and synthesizing them into a bold new vision. This is a significant departure from the ideation processes of the past decade, which treat criticism as undesirable—something that stifles creativity.” Third: “Properly applied in discovering new problems and redefining value, criticism is an engine of innovation.” The internet is no stranger to criticism. Just about every company, public official, institution and celebrity hear it daily. The distributed nature of the internet can sometimes make it hard to know exactly what is being said and who is saying it. And trying to run to ground a misrepresentation or unfounded rumor, well, good luck. Some companies have built businesses to ease that problem. Sites like Yelp and Glassdoor and TripAdvisor have proved the concept of the economic value in criticism. Vox Populi Registry gives every company and advocate the opportunity to cultivate, collaborate and engage directly with customers, supporters and critics. Our goal is to make even shorter the distance between business today and innovation tomorrow.
This week marks the first birthday of the general availability of dotSucks domain names. It has been a year notable for both heat and light, adding up to a set of insights relevant for any new gTLD. A successful gTLD either meets a market need or creates an opportunity Be clear about who you serve and use their vocabulary (not domain name industry jargon) to tell them about it. Engage in marketing Have a story to tell Emotional resonance is more effective than even overwhelming facts-and-figures. The right story helps people see themselves in you. Let your customers speak for you People are trained to deflect commercial messages (remember when banner ads ruled the internet?), so let your customers take center stage. Peer-to-peer communication the most effective form of communication. Partner wherever possible, go it alone when you have to Domain names are a small and new industry; often without broad awareness and hard to explain. This is mitigated by participating in larger groups (like an association) to make sure the basic story is told om the same way by many voices. At the same time, each new gTLD likely has its own qualities that may not be relevant to all but can be better heard because of the work of larger groups. Rome wasn’t built in a day Most overnight success is years in the making. Most. It is best not to get too high or too low in the face of daily sales. Focus on building long term value. Make that part of the story, too. Celebrate milestones Much like the birthday of Vox Populi Registry, when meaningful metrics are met or logical mileposts are reached, let people know about it, especially your customers! Be available Answer questions as they arise. Be timely in delivering customer service. Participate in both domain name industry gatherings and those of the market you target. Visibility leads to awareness which leads to sales. Value leads to renewal which leads to long-term success.