Miracle Max On Market Breakthroughs
Successful enterprise building requires seven elements. These are: 1. People, who are the source of the creative ideas which drive the enterprise' s innovations; 2. Financial Resources, to fund the transformation of these ideas into market breakthroughs; 3. A Coherent Business Philosophy, from which the enterprise sets its course; 4. Capable Leadership, in order to properly direct and manage the enterprise; 5. Strategies and Tactics, to focus the enterprise' s strengths and minimize its weaknesses; 6. Marketplace Intelligence, allowing its people to understand the changing forces in the environment which
are producing both the windows of opportunity as well as potential dangers, and finally; Time, for it is only with adequate time that the creative ideas, properly nurtured, directed and implemented, can
fully blossom into successful innovations. Unfortunately today, even when the first three are present, the pressure for immediate bottom-line results
frequently culminates in knee-jerk management reactions, that handicap the development of a creative inspiration
into a major market success.
Time is indeed a precious commodity in today' s rapidly changing and evolving marketplaces. As a senior
executive advisor, professional speaker and business owner, I have always been an advocate of taking action, as
I frequently meet well intentioned executives, who are reluctant to make decisions. Therefore, delay and
procrastination have become their nagging companions. "He who hesitates is lost", a favorite axiom of mine
serves as a fitting dictum for strategic and tactical decision making. However, it is possible to misapply this tenet
to the unique process of nurturing creative ideas into market breaking innovations. Although the old adage, "time
waits for no man" is true and needless delay should not be tolerated, many excellent new ideas have been
compromised or even destroyed by a short sighted quest for immediate returns. The farmer in springtime first plows, then plants, but he does not rise early the following morning hoping to begin
the harvest, does he? Of course not. He expects to wait months for his crop, during which time he must
repeatedly fertilize and then weed, if he expects a bountiful harvest. It is that frequent fertilizing, "nurturing and
encouraging", along with the repeated weeding, "directing and guiding" which cannot be short-cut, if creative
ideas are to mature into breakthrough market innovations. However, it is just this waiting which so often bedevils
us. Ten years ago the advent of the personal computer industry spawned the euphemism "vaporware". Today
most industries sport their own versions of "vaporware", if not in form, then certainly in substance. Creative ideas,
many very promising ones, are repeatedly rushed to market before ready. The consequences; unhappy
customers, damaged reputations and often diminished long term profits or worse yet, abandonment of what could
have been a revolutionary new product or service. There is a classic line in the movie "The Princess Bride", where Miracle Max is trying to revive the "mostly dead"
hero, Wesley. Feeling the pressure from Wesley' s friends to hurry, Miracle Max responds; "You rush a miracle
and maybe you get rotten miracle." Well said Max! Too many executives today are wondering why they keep
ending up with rotten miracles. Frequently they need look no further than their own myopic quest for instant
profits. Growing up in the 50' s and 60' s, when I heard people speaking of long term plans, they were referring to
decades. When I began my career in the early 70' s, long term business plans had shrunk to five to ten years.
Today, long term is anywhere from one to three years or less. No wonder senior executive focus is so severely
constrained by monthly or quarterly results.
If creative ideas are not in and of themselves small miracles, then certainly the act of transforming those flashes
of insight and even genius, with their potential to suddenly propel an enterprise several years ahead of its
competitors, undoubtedly is miracle making in the marketplace. Far too many creative ideas of great promise
have resulted in "rotten miracles," due not to the ideas themselves, but rather because they were prematurely
transformed into "vaporware" by executives, impatient for immediate results. In order to consistently succeed at turning creative ideas into breakthrough innovations, they must be tended with
diligence and patience like choice grapes in a vineyard, until you are rewarded with a truly fine wine. Copyright 2005 by John Di Frances John Di Frances is an internationally
recognized organizational
legacy expert and professional
speaker. www.difrances.com
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