What we think < Becoming
World Class
Companies have always used a bit of hyperbole in presenting its
aims and objectives.
Statements of corporate position and ambition are unapologetically
thrown about by sales teams as a way of getting potential customers
to buy from them. The strategy was that by portraying the company
as a market leader, the customer would feel as though they wanted
to benefit from the association. The claim could usually be verified,
though often it was based on an obscure bit of market demographic
that made the company look good. “Hey, we may be seventh in
the market overall but we’re # 1 in this bit”!
The trouble was that everybody knew it for what it was –
sales talk. Nobody really bought into it (neither customers nor
the company reps themselves) but in the absence of being truly great
it was the best the company had to go with.
The irony was that the better the company was regarded, the less
it needed to resort to hyperbole.
When selling the Financial Times as an advertising medium, we never
had to resort to “we’re the number 1 business newspaper
in the world”; our clients already knew the FT's position
in the market and what it meant to be placing their advertising
in the salmon pages.
This sales talk has evolved and can now be found in corporate mission
statements; “world class” seems to be the big aim for
many.
Becoming “world class” does not happen just because
the words appear on a company’s website; or are on each slide
of the CEO’s annual presentation to staff. Becoming “world
class”, or achieving any other corporate positioning definition,
only happens over time by doing lots of little things great.
Manufacturing good products; providing good service; having good
people and a positive internal working environment; being conscientious
of others and adopting a professional and credible style of communicating
with the outside world. Oh, and doing all of the above better than
anybody else in your field.
There are only a handful of truly world class companies out there.
Companies who reached the top of the ladder not because they had
a stated aspiration to become world class, but because they ran
all aspects of their businesses really well.
So, some advice to those who have world class transformation programmes
and world class ambitions – concentrate on the business at
hand instead.
World class is a very exclusive club. Your aim should be on being
very good at all aspects of the business. After doing this consistently
over time and motivating others to follow your model, if somebody
wants to refer to you as world class then all the better.