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TAKE AMA'S SURVEY ON CRISIS MANAGEMENT
AND SECURITY
Is your company prepared to
handle a crisis today? How concerned are you about
cyber threats? Complete this survey and see how
your company stacks up against other U.S.
corporations on crisis management and security
issues. Results published in a future issue of
Executive Matters.
THE 12 COMMANDMENTS FOR SMALL BUSINESS
MARKETING Barry Thomsen, publisher of the
Small Business Idea-Letter, offers 12 time-tested,
common sense strategies on how to succeed in small
business:
Commandment #1: Thou shall
know thy target customer. You'll spend your
advertising and direct mail dollars wisely if you
know exactly who you're going after and use the
correct media. Commandment #2: Thou
shall provide excellent customer service. Whether
in your store, at a sales call or on the phone,
make your customers feel like the important people
they are. They will remember how they were treated
long after. Commandment #3: Thou shall
know what thy competitors are doing. Shop their
store, surf their web site, watch their ads and
get on their direct mail list and you won't be
surprised later. Commandment #4: Thou shall
go after free publicity often. You can always
think of something new or different to send a
press release on--do it monthly.
What are the other eight Commandments?
USING "GUERRILLA PUBLICITY" TO TELL THE
WORLD ABOUT YOUR COMPANY You may have the greatest product or
service in the world, but people can't buy it if
they've never heard of it. Here's some advice from
Rick Frishman, co-author of "Guerrilla Publicity,"
on how to spread the word without spending a
fortune.
"Publicity is free. Advertising
costs money. And publicity is actually more
effective than advertising for brand recognition
and name visibility."
Frishman offers they
key steps in creating effective
publicity:
- Identify your message
- Create a one-page press release
- Identify your target market
- Create media lists specific to your
message
- Send it out
- Follow up, follow up, follow up
THE WORLD'S MOST EXPENSIVE
CITIES Hong Kong now holds the dubious honor of
being the #1 most expensive city in the world,
bumping last year's winner, Tokyo, to 3rd place,
according to the latest cost-of-living survey by
Mercer Human Resource Consulting. Moscow scored
second place. If you're looking for a bargain,
consider Johannesburg, South Africa, the world's
least expensive city, according to the
rankings.
Additional highlights
include:
- New York is the costliest city in North
America and #7 in the world
- Los Angeles ranks #19 in the world
- Chicago is #20 in the world
- 6 of the world's 10 most expensive cities
are located in Southeast Asia: Hong Kong, Tokyo,
Beijing, Shanghai, Osaka and Seoul.
THE ABCS OF FINDING STRATEGIC
PARTNERS There is much to be gained through
partnering with another organization. Here's a
quick primer on how to choose the best partner and
ensure the partnership's success.
- CONSIDER YOUR NEEDS. Few organizations
have all the resources or skills to tackle new
market opportunities or other initiatives. What
are your organization's shortcomings?
- ANALYZE THE MARKETPLACE. Determine who is
emerging as a market leader and why, which
market trends are beginning to dominate and how
the market is likely to develop in the future.
Then ask yourself how a partnership might better
position your firm in the current
circumstances.
- CONSIDER CANDIDATE FIT. Look for a
partner who shares your business philosophy, has
strategic plans that blend with your own and has
common belief systems.
For six other considerations when selecting
a strategic partner.
SELF-ASSESSMENT: HOW DO YOU MANAGE
CONFLICT? Some degree of conflict is guaranteed
to arise in every workplace. Our self-quiz will
help you determine if your natural response is to
avoid, facilitate or arbitrate.
Here is a sample question... If two
employees had an ongoing argument and everyone
else in the unit started taking sides, seriously
disrupting work, would you:
- Fire the person who started it (or get
her transferred out
of your unit).
- Bring in an expert on conflict resolution
for a meeting
with the whole group.
- Focus on catching up on the overdue work
rather than on the argument.
Breaking News: Announcing AMA's Fall
2002 Current Issues Breakfast Briefing
Schedule
Attend a live presentation and
discussion on today's hottest business topics.
Breakfast Briefings are held at AMA Executive
Conference Centers. AMA Executive Members may
attend for the special discounted price of $25;
all other attendees pay $50.
To
register, call 1-800-262-9699
ONE
YEAR LATER! HAVE WE DONE ENOUGH?
With Jon
Goldberg. Steps you can take to prepare your
company for the next business disruption.
(September 19, New York City).
SECRETS
OF CUSTOMER RETENTION AND ACQUISITION IN THESE
TOUGH TIMES
With Angelo Valenti. Best
practices from many industries -- tools and tips
that produce results.
-
September 26, Chicago - October 16,
Washington, DC - November 13, New York
City
A BASEBALL PLAYOFF SPECIAL: LEADERSHIP
LESSONS FROM BILLY MARTIN With Michael
DeMarco. How Martin won and why the lessons from
his championship legacy transcend baseball.
(October 8, New York City).
HOW TO
MASTER THE SEVEN NEGOTIATIONS FROM HELL INSIDE
TODAY'S LEANER AND MEANER
ORGANIZATIONS With Frank L. Acuff. Tips and
tactics for avoiding conflict and staying
productive. (October 10, Atlanta).
NO
PLACE TO HIDE: MANAGING CHANGING STAKEHOLDER
EXPECTATIONS OF CORPORATE
RESPONSIBILITY With Adrian Hodges. How
social responsibility can protect your business
and create opportunities for brand differentiation
and greater competitiveness.
-
October 16, Chicago - October 22, New York
City
WINNING THE RACE AGAINST
TIME With Dan Carrison. Indispensable
lessons from prestigious organizations on
overcoming impossible deadline challenges. October
30, San Francisco.
SUMMER SPECIALS: THREE EXCITING NEW
WAYS TO SAVE BIG $ ON AMA SEMINARS
-
Save up to 50% when you register for
selected sessions of some of AMA's most popular
seminars. Choices include "Management Skills for
New Managers" and "Fundamentals of Finance and
Accounting for Nonfinancial Executives." Click here for a complete list. Space is limited,
so act now.
-
Register for any AMA seminar held between
now and December 31, 2002 and bring a colleague
or friend for 25% off the applicable member or
non-member price. Savings range from $300 to
$1,000 and more. Click here for more details, or call
1-800-262-9699.
-
"Three for Four" for AMA. Save up to
$2,000! Purchase three coupons for $4,000 total.
Each coupon is good for attendance at any
one-to-four-day AMA seminar in the United
States. Use all three coupons yourself, or share
them with your colleagues. Coupons may be
redeemed for sessions scheduled through December
2002. (This offer cannot be combined with other
discounts and promotions. Restrictions may
apply). For details, click here or call 1-800-262-9699.
IF YOU CAN ATTEND ONLY ONE BRANDING
EVENT THIS YEAR, MAKE IT THIS ONE!
CORPORATE BRANDING
2002 When: November 13-14,
2002 Where: Marriott O'Hare Hotel,
Chicago Highlights: Top Marketing
experts from BMW, Kinko's, Xerox and other leading
firms will provide proven strategies and tactics
for building powerful brands.
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EXECUTIVE MATTERS is a monthly newsletter created exclusively for Executive Members of the American Management Association, 1601 Broadway, New York, New York 10019. Editor: Florence Stone
Copyright 2002: American Management Association. Material in this issue may be quoted free of charge provided the following reference is given: 'Source: American Management Association,' http://www.amanet.org, 800-262-9699. |
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