Wednesday, January 19, 2011

A wine quiz to test your knowledge

 http://ow.ly/3GHqo
Published: Tuesday, January 18, 2011 at 3:00 a.m. 
Some years ago, I wrote a 20-question wine quiz that was extremely difficult. Written for my private wine newsletter, it had questions so difficult to answer that only one person got 18 correct — and she is a wine historian! Two persons got 16 right, and of dozens of entrants, no one else got as many as 12.
Here are 11 of the questions, with answers below.
1. Name the Napa Valley winery that was founded in Sonoma County and is still operating under the original founding family.
2. Name the Sonoma County winery that started out in Napa Valley.
3. Name the long-time, well-known California winemaker who first made wine in Chile.
4. Why did a large California wine company purchase half a ship?
5. Joseph Phelps and Fred Fisher shook hands on a deal decades ago that both men were pleased about, but which never became a public venture. Upon what did they agree?
6. What California winemaker earned the nickname White Rabbit while in college and why?
7. Name the winemaker who made two of the wines that were evaluated in the famed “Judgment of Paris” tasting in 1976.
8. An American president was reputed to have served a modest red Bordeaux to his guests during dinner parties, but surreptitiously he drank a famed wine that the others didn’t know had been opened. Who was the president and what were the two wines?
9. Which winemaker was responsible for a brand of wine called Friar’s Table?
10. What does Mendocino Wine Co. have in common with the Cleveland Indians baseball team?
11. A well-known Napa Valley winery has a below-ground wine cellar and aging area that is cooled by cold water running through a specially constructed pipe system. What is the name of the winery and why does it have to cool its subterranean cellar?


OK-- wait, 
Not Yet- 


Wait---

Here ya go! 
1. In 1969, Gino Zepponi and Norman DeLeuze rented an old building east of Sonoma and for 10 years operated ZD from that location. They moved in 1979 to the winery’s present site, off Napa Valley’s Silverado Trail.
2. Lindley Bynum outgrew his home wine-making facility in Albany (near Berkeley) in 1971 and bought a 26-acre vineyard in Napa Valley to make wine. But getting a winery permit proved so bureaucratic he moved his family to Sonoma’s Russian River Valley.
3. Paul Draper worked in Chile before he was hired to replace Dave Bennion at Ridge in the Santa Cruz Mountains.
4. In 1955, Louis Petri, then the most powerful wine man in America, was irate over excessive rail fees for shipping wine to the Midwest and East Coast. He heard about a ship that had split apart with the bow sinking, but the aft section still intact. He paid $300,000 for half of a ship, had the Navy tow it to San Francisco, where he did repairs, outfitted it with stainless steel tanks, and sent it up the Mississippi to deliver bulk wine to the Midwest. But even before the SS Angelo Petri made its maiden voyage, the publicity from the idea had driven rail fees down dramatically by 1956.
5. When Fisher Vineyards released a Chardonnay called Coach Insignia, Joe Phelps called him and said the name could possibly cause confusion with his red wine, Insignia. The men soon agreed that Fisher could use the name as long as Fisher (of the famed Body by Fisher family) used the word “Coach” in front of it (an automotive design reference) and always made it a great wine.
6. Erich Russell of Rabbit Ridge in Paso Robles was a sprinter on the famed San Jose State track teams that featured world record holder Tommie Smith, Lee Evans, and other great black stars. As the only Caucasian on the sprint team, the nickname was obvious.7. Both the 1972 Freemark Abbey Chardonnay and the 1969 Freemark Abbey Cabernet were made by Jerry Luper, who now makes wine in Portugal.
8. As the story goes, Richard Nixon drank 1966 Chateau Margaux while he served others the far cheaper Mouton Cadet.
9. The late Silver Oak Cellars winemaker Justin Meyer, when he was at Franciscan Vineyards in the early 1970s. Friars Table was used mainly to dispose of wine that existed at Franciscan when Meyer, a former Christian Brother, and partner Raymond Duncan acquired it.
10. Both the winery and the Indians have a president named Paul Dolan.
11. After construction was begun at Opus One, it was discovered that the winery sat in a geothermal zone, requiring the elaborate and expensive cooling system.
Kevin Brown www.kbsinsight.blogspot.com 

Thursday, January 13, 2011

Strategy and the Big Picture



Sunday, January 9, 2011


Five Questions to Test Understanding of Strategy and the Big Picture


The following guest post really struck a nerve for me. I love the opening dialog - I can't tell you how many times I've overheard the exact same conversation. In fact, when you see it in Dilbert, then you know it to be true. 


From yesterday's (1/8/11) Dilbert comic:

Wally: "I've decided to become more of a big picture guy. Lesser minds can do the managing and implementing while I criticize them for "not getting it".

Dilbert: "So...... you want to paid for being a jerk?"

Wally: "Said the implementer".


Steve Trautman really nails it, and offers a "look in the mirror" test for executives with this guest post:

I once had an executive tell me that he had fired an employee because the employee didn’t “get the big picture.” A dialog ensued between us that went something like this:


Me: “I’m sorry to hear that you had to let Mike go. What happened?”

Executive: “He just didn’t get the big picture.”

Me: “That sounds bad. What do you mean?”

Executive: “He just didn’t get it.”

Me: “Get what?”

Executive: “The big picture.”

And so on…


You get the idea. As is often the case, what is obvious to senior leaders is not obvious to their teams. Strategy and the big picture are two concepts that often fall into this category. Top leaders nod knowingly as they discuss these concepts while others on the team are left wanting. 

And the consequences are extremely costly. When strategy and the big picture are unclear, people can end up working very hard on the wrong thing, make poor decisions and even quit out of frustration. As the economy recovers, executives and their talent management teams will be dealing with onboarding new employees, as well as retention issues with their existing teams. Turnover becomes even more of a risk if strategy and the big picture are unclear. An important part of every leader’s talent management efforts must include effectively providing this baseline of information.

The questions are: 

• Who is to blame when the strategy and the big picture are not clearly and universally understood? and 
• What can be done about it?

When you’re a senior leader, you have an obligation to be certain that your talent management team is clear about your strategy and the big picture. If they don’t “get it,” the first place to look for the problem is in the mirror.

Luckily, the solution to this problem is pretty straightforward and we describe it in detail in our new book The Executive Guide to High-Impact Talent Management, published by McGraw-Hill. 

If you’d like to know for sure whether your strategy is understood and can be executed, try testing your team’s ability to discuss the big picture. You can start by setting a standard for what you mean by “getting the big picture.” For example, you could say that if every employee in your organization could answer 5-10 questions about the strategy and sound like their own manager and their immediate teammates, then they “get the big picture.” Conversely, if they can’t answer the questions consistently, it is a measure of being out of touch with the context in which the business is being run. This works at every level from a front-line team all the way up to the C-suite. If you sound like your boss and your peers, you’re golden; if not, you’re likely out of sync.

What, then, are the questions that the team had better be able to answer and how should the executive go about ensuring this information is widely understood? Here are five examples of questions included in our new book:

1. Who are the customers or customer segments we serve, listed in priority order?

2. What are the services we provide now and which ones, if any, need to change as we implement the current strategy?

3. What is our value proposition and how does it set us apart in the marketplace?

4. Which environmental trends/issues (such as market, economic, societal, political or environmental) are important to our strategy?

5. What are three things your division is doing (and/or doing differently) to support the strategy?

Each of these big picture questions gets at the intent behind the strategy. There are right and wrong answers to these questions. Of course, the answers change when the strategy changes. 

And, a superficial understanding is not enough. Good people can be working really hard on the wrong thing if their understanding of these questions is off-base. Everyone involved in talent management has to have a deep understanding of the big picture so that they can provide programs with the right mix of staff, skills, tools and processes to execute the strategy.

Regardless of your current job title, you have an obligation to ensure you can answer each of these questions (plus others as needed) for your business. If you’re a senior leader, you have an additional obligation to ensure that everyone in your reporting structure can answer these questions in a manner consistent with your expectations. So, go ahead, walk around and ask the questions. See what you learn and then take action. 


Steve Trautman, author of Teach What You Know: A Practical Leader’s Guide to Knowledge Transfer, has advised executives on practical ways to hire, train, motivate, and measure employees to ensure high-impact performance—and profitable outcomes—for more than two decades. Trautman’s tested approach combines humor, street smarts, and boardroom wisdom to give today’s executives what they need to become practical leaders

Kevin Brown www.kbsinsight.blogspot.com

Competitor Data-Identifying-Collecting-Utilizing

Best Practice #18:  Have a systematic approach to collecting, processing, storing and using information about competitors.

by Dave Kahle  http://ow.ly/3Dfff copyright (2011)

Here again is one of those best practices that mark the behavior of the superstars, the Top Gun sales people.  Most sales people never even consider this. Every sales person has to compete for the business.  In some cases, there can be dozens of competitors, and in other cases, only one.  Regardless, the Top Gun sales people understand that the more knowledge they have of the competitors, the more equipped they are to present their own offerings in a positive light, and, therefore, the more sales they will earn.

But knowledge of the competitor doesn’t come by osmosis, creeping into our heads during our sleeping hours without any effort on our parts.  Like everything else in the sales professional’s job, it takes disciplined, methodical effort.

To master this Best Practice, you must first decide that coming to know and understand your competitors, and thus being able to predict their actions and counter their assertions, is a good thing for you to do.  If you don’t care, then read no further.  But if you think it would give you an advantage, then you must first commit to collecting that information.

Once you decide to do it, the question is “What is the best way?  I’ve found it helpful to create a folder for each competitor, both electronic and hardcopy.  You will, in your day-to-day efforts, come across bits and pieces of information about your competitors.  One customer will share a price with you; at another, you’ll see a sell sheet with a competitor’s business card stapled to it, etc.  Every time you come across a small bit of information about the competitor, take note of it.  Then save those notes in your competitor folders.  Periodically review those collected notes.  After a period of time, you’ll have enough notes to allow you to begin to gain an understanding of what the competitor is saying and doing.

And that will provide you a little bit of an edge, which will translate into sales that you may not have attained otherwise.

The key, as always, is methodical, disciplined effort.  Not every sales person has the discipline, nor the heart for this kind of subtlety.

That’s why this is a Best Practice of the best sales people. To learn more about this practice, visit the Best of Dave’s one-hour seminars, and consider #41, “How to Deal with the Competition like a Pro.” 

Kevin Brown www.kbsinsight.blogspot.com

Wednesday, January 5, 2011

Why The Groupon Model Will Work For Industrial Distributors

Groupon, an internet start-up that negotiates huge discounts with popular consumer businesses and emails coupons to thousands of subscribers, employs a business model that hasn't caught on in the industrial distribution marketplace (yet).
By Bill Wade, Wade & Partners
Groupon is a two-year-old Chicago-based internet startup that recently rejected a $6 billion… yes, BILLION… offer from Google. I was first sensitized to this amazing story when one of my partners’ sons got a job there.
You’ve probably heard of it. They’re all over the news. (You would be too if you had hired 300 new employees ... last month!) But in case this new to you, here’s a quick run-down.
Price Merchandising Gets Automated
Groupon negotiates huge discounts—usually 50-90% off—with popular consumer businesses. Then they email coupons to thousands of subscribers: One coupon per day (so it won’t get lost as one-of-ten or -twenty or -thirty). But with a lot more than 365 coupons to offer, how do they choose which one to send to you? It’s based on your location, interests and buying history. So it’s almost always something you’re interested in.
And the deals are fantastic.
One reason for that is the assurance contract offered to the retailers. Let’s say you want at least 500 customers to participate in this offer. So that’s the deal. The offer isn’t valid unless a minimum of 500 people sign up. (Hence the “Group” in Groupon.) Everyone pays in advance and gets a refund if the minimum isn’t met.
Not many refunds are issued.
The concept is working extremely well. Success stories are streaming in like ants to a picnic. It’s what they like to call “The Groupon Magic.” It works so well that imitators are popping wherever there’s an Internet. China is cloning Groupon-like websites faster than pirated movies. There are a dozen or more companies selling “Groupon clone” software so you can set up your own Groupon-style website.
But it hasn’t hit the world of industrial distribution ... yet.
It’s only a matter of time.
If Groupon can sell over six million consumer coupons, why couldn’t this cross over. Distributors instead of retailers… technical training instead of yoga classes… specialized hydraulic services instead of car washes?
Sure, care would have to be taken to avoid conflicts in the channel. But that’s just a matter of working out the fine print.
New internet marketing concepts that work in the consumer world always find their way into the world of industrial distribution. Smart marketers know that. Grainger already offers “Hot Buys” and “New Product Specials”. Fastenal’s site looks like an industrial version of a consumer ‘shopper’.
The Groupon concept will find its way to industrial distribution too. It’s only a matter of time.
There’s no reason why this wouldn’t work for companies that want to introduce new products to the marketplace. There’s no reason why services couldn’t be marketed this way.
Trade publications could sell ad space this way.
Trade associations could use it for membership drives.
Training programs, webinars and seminars are all marketed to groups of strangers, aren’t they?
Ad specialties and floor mats and safety posters and chemicals and office supplies and … well … you get the idea.
The ideas are endless, the opportunity is not.
The Groupon concept is pretty easy to duplicate as hoards of imitators are proving. But like the Gold Rush of ’49, most of those who follow won’t get rich. One or two Groupons is all any market can bear. Nobody wants to have their “in box” flooded with group-coupons every morning. One coupon per day is part of the beauty of the concept.
This is even truer with industrial distribution. Time is money. But somebody will do this and become dominant, maybe because they do it first or maybe because they do it best. Either way, my guess is it will last for a couple of years, generate a few billion in revenue, and be replaced by the next e-marketing concept from the consumer world. (Don’t worry; somebody’s already working on it.)
When it happens, remember that you read it here first.
Bill Wade has recently published a new bookAftermarket Innovation. He can be reached at www.wade-partners.com.


Kevin Brown www.kbsinsight.blogspot.com