Research Tidbit |
July 9, 2001
Internal Research Increases Companies' Profits
- In a major pharmaceutical company, the sales team in one small market consistently
outsold teams in much bigger urban markets. Why? As soon as the first sales were made of a
new drug, the region's manager contacted the sales reps responsible and asked them what
had sold the doctors on the drug. He then sent out a global voice-mail message to all the
other district sales reps to share with them the successful sales pitch. Too bad no one
else in the company learned about his system.
- A young woman selling sewing machines for Sears noticed a worrisome trend--more and more
customers were returning recently purchased machines. Perplexed, she began calling her
dissatisfied customers and quickly learned that many had been stymied by the sheer
complexity of the feature-laden machines. Her solution was to invite these frustrated
customers into the store for sewing classes. As the flood of returns began to recede, it
occurred to this enterprising employee that hers might not be the only Sears store facing
such a challenge. Yet to her frustration, she discovered that Sears, like most companies,
had no systematic way of encouraging and propagating grass-roots innovation like her own.
To keep up in today's ever-changing marketplace, companies would be foolish to ignore
the wealth of innovation and knowledge available from employees. To take advantage of
these opportunities, companies can institute systems to encourage input from employees
internally, or they can hire Bureau West Research Group to conduct interviews with
employees and to serve as an outside contact for employees to call without fear of
internal politics or repercussions.
Sources: Bureau West focus groups and interviews; FORTUNE,
July 9, 2001; Inc,
July 2001 |
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