Tag Archives: business development

adobe business

How Adobe’s Company Culture Drives Continuous Success

The fast pace of change can make it challenging to maintain a sustainable, and profitable business. So it helps to look at how others are managing to succeed. In my blog this week I look for clues at Adobe, one of the world’s top brands.

Adobe was founded almost 40 years ago and has established an internal culture that drives success. According to Glassdoor, Adobe employees rate working there at 4.4/5 on average, putting the company in their top 30 US employers, based on employee opinion.

 

What makes the Adobe culture so remarkable?

A quick review of the company website reveals that Chairman, President and CEO Shantanu Narayen is passionate about building and empowering teams to drive product innovation and to scale Adobe’s business globally.

This provides a small insight into the approach to the culture at Adobe, whilst the many leader interviews and other published articles provide us with even further information.

A recent Forbes article explains how Adobe has put the employee at the center of their global well-being program, which is regarded to be a large part of defining the culture at the company. Other staff perks include paid family vacations, health care, and onsite yoga facilities. Their approach to working flexibility is also a major perk, with home working, adjustable working schedules and no restrictions on vacation days, as they are at the discretion of the employee’s manager.

Adobe’s encouragement of employee development is unique with a learning fund of up to $10,000 per year for degrees and certain certifications. That is some serious financial commitment to help their employees to continually develop their skills and knowledge.

You can find out more on my blog about how Adobe creates a culture of creativity and loyalty.

 

What we can learn from Adobe

Small businesses can do a lot when designing their businesses and creating the business brand to ensure they build a brand based around a strong company culture. What we can learn from Adobe if we want to establish our own business culture along positive lines is to think about what we can do as leaders of our business to

  1. Make team members feel valued and motivated by taking the time to show appreciation of good work, thanking people, giving out awards, or financial perks based on performance.
  2. Empower the team by providing the development support and freedom to them to try new ways of working, rather than having to stick to the same old ways. This could just involve giving people time off to do some research on an area of work that interests them, or familiarizing themselves with some new software, etc.
  3. Be committed to employee wellbeing. Adobe’s wellbeing program is recognized as one of the key factors in establishing an award-winning company culture. By introducing wellbeing perks, our businesses can all benefit from healthier, happier employees that are more committed to going the extra mile in their roles.

I will be focusing on more brands in my upcoming blogs to share some of the tried and tested approaches of successful companies so as to help small businesses to grow their own brand.  Be sure to check out my blogs over on the Azrights.com website.

business development

Business Development: What Business Are You Really In?

business developmentIf you prefer to listen/watch a video instead of reading then click here to go to my Youtube channel.

Asking yourself the question ‘what business am I really in’ is well worth doing periodically – the answer might just help you to discover hidden opportunities or an angle for business development that you otherwise wouldn’t have considered.

Take cinemas as an example.

When I was a child I remember outings to the cinema would often start off with a visit to the shops to buy nibbles and sweets. We’d then walk over to the cinema, buy our tickets and go into the auditorium to watch the film while munching away on the foods we’d bought.

Fast forward to today when a visit to the cinema is a different experience.

 

Transformation

What’s happened? Well somewhere along the line cinemas began to look at their business in a different way. They asked themselves this question of what business they are really in, and instead of defining it as the film viewing business, they realised they’re as much in the food and beverage business, as they are in the film business.

When they regarded themselves as being purely about film watching, that was pretty much all you got when you went to the cinema. Perhaps a lady with a tray around her shoulders would sell an ice cream during the interval but that was about it.

Now that cinemas have understood that they’re also in the hospitality industry, every cinema invariably serves up an array of food and drinks for customers to purchase before they go into the cinema. It’s no longer necessary to visit other shops to buy foods before a trip to the cinema.

Indeed, some cinemas, such as the Screen on the Green in Islington, or Kino-Teatr in St Leonards on Sea at Hastings have gone even further. They’ve transformed the experience inside the cinema too. There is a bar area as you enter the auditorium, and instead of the traditional rows of uncomfortable seats, you get roomy armchair type seating and even a little table or holders on the armchairs for your drinks. The experience is more like a bar restaurant.

By enhancing the customer experience inside the cinema, and carefully choosing the food and beverages to serve up, these cinemas have created revenue streams that did not previously exist, and in fact, far exceed the amount they receive from ticket sales.

 

The Railroads

The classic example that is given when people are talking about this topic of what business are you really in is the railroads. When Ford invented the car, the railroads saw themselves as being in the railway business. So, they didn’t respond or react. Had they perceived themselves as being in the transportation business they might have dealt with the competition that cars presented in different ways. Perhaps they may have purchased some or all the cars Ford had produced and become a major player in the emerging automotive industry.

Clearly, it makes sense to ask yourself the question ‘what business am I really in’. This is the way to ensure you adapt to the changing world and stay relevant to what customers are really wanting when they buy your products and services.

The businesses that best understand the customer and create solutions that the customer wants to buy are the ones that ultimately win.

Failing to understand the customer’s needs and wants in order to respond appropriately might sometimes mean a business is acting like the frog that gets boiled to death when it’s sitting in a pan of cold water that’s gradually heated up. That same frog would have leaped out if you had put it into a pan of boiling water.

In part two of this piece, I’m going to look at what could happen if you fail to pay attention to this question and act like a frog sitting in a pan of water that’s gradually heating up.

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