Innovation and the Law of Averages PDF Print E-mail




Jim Clemmer

Bio | Books | Articles | This e-mail address is being protected from spam bots, you need JavaScript enabled to view it


"If at first you don't succeed you're running about average."

Early in my sales career I was introduced to the Law of Averages. It's been a key concept of direct sales for many decades. The Law of Averages basically teaches salespeople that if you want to double or triple your sales, you need to double or triple the cold calls and sales presentations you make. I found that if I made ten cold calls to interest people in home water treatment equipment, I generally got one appointment for a sales presentation. Three appointments usually gave me one sale.

So to get one sale, I needed to make about 30 cold calls. As I got better at prospecting, choosing prospects to call on (such as new home buyers), and increased my sales presentation skills, I improved those averages.

A vital — and painful — lesson I learned was that I would always get more no responses then yes responses. To increase my yes responses, I had to increase my no's. Of course, averages never play out in smooth and even increments. Some days I could get 15 or 20 no's in a row before hitting a yes. The difficult discipline to develop was not quitting at the end of the 14th no. Some of my toughest sales involved convincing myself to get excited about a long string of cold no's because it meant I was getting closer to a clump of warm yes responses.

Later, at The Achieve Group (my first consulting company) we developed a number of marketing approaches that eliminated the need for cold calls. But, thankfully, the Law of Averages was burned deep into my psyche. As I started studying innovation and trying to apply what I was learning to Achieve's product, service, and market development, the Law of Averages came back into play. It became a key part of the reason Achieve eventually discovered a few pathways to a strong leadership position in a few key training and consulting services and markets.

I first saw the Law of Averages applied to innovation in 1983 when Zenger-Miller and Achieve worked with Tom Peters to develop the Toward Excellence process based on the lessons of In Search of Excellence. It made so much sense. To double your innovation success rate, double your failure rate. Clearly, effective managers don't want to fail. The goal is not failure; it's success. But since innovation is so unpredictable, we have to "fail our way to success."

Those — initially clumsy tries — are the only way to learn what does and doesn't work. Based on his extensive research on innovation, James Brian Quinn found, "No one can predict whether a particular solution will work, how well it will work if successful, whether customers will accept it if it works, or how customers will use it once they have it. The first use of major innovations is often in unexpected markets, and market research is often wildly wrong. . . the unexpected is what always happens. . . (it's) predictable unpredictability."

If I was looking at a street full of 30 homes, I knew there was a sale to be made somewhere on that street. But unless I suddenly developed the psychic power to read minds, the only way I was going to find it was to talk to 29 people who didn't want to see me. I needed to use the Law of Averages to fail my way to success.

Jim Clemmer’s practical leadership books, keynote presentations, workshops, and team retreats have helped hundreds of thousands of people worldwide improve personal, team, and organizational leadership. Visit his web site, http://jimclemmer.com/, for a huge selection of free practical resources including nearly 300 articles, dozens of video clipsteam assessments, leadership newsletter, Improvement Points service, and popular leadership blog. Jim's five international bestselling books include The VIP Strategy, Firing on All Cylinders, Pathways to Performance, Growing the Distance, and The Leader's Digest. His latest book is Moose on the Table: A Novel Approach to Communications @ Work.






Comments
Add New Search
Write comment
Name:
Email:
 
Website:
Title:
UBBCode:
[b] [i] [u] [url] [quote] [code] [img] 
 
 
Please input the anti-spam code that you can read in the image.

3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

 

Leadership blog

Improvement Points Balance Organizational and Personal Leadership

Here’s a an e-mail that caught me by surprise and made me sit up, take notice, and review what I’ve been sending out to subscribers of our Improvem Read More...

Tone of Voice: It's All in How We're Saying It

Most people want and appreciate a boss or work colleague who is direct and to the point. But it's about the way that's conveyed. We've all found ourselves resisting someone else not because of what th Read More...

Leading by Example: Setting Personal Goals and Priorities

Too many managers seem to operate on a variation of an old Groucho Marx routine; "I've got top priorities. I am going to stick to those priorities. And if you don't like those priorities...I have othe Read More...

Untitled Document

Leadership articles

Blazing Our Own Improvement Path: The process of spiritual growth is an effortful and difficult one more...

Soft Skills, Hard Results (Part 2): We should take care not to make the intellect our god. It has, of more...

The View from the Front Line: Employees who deal directly with the public are valuable players more..

Personal Goals and Priorities Pathways and Pitfalls (Part One): The chains of habit are too weak to be felt until they are too st more..

Personal Goals and Priorities Pathways and Pitfalls (Part One): The chains of habit are too weak to be felt until they are too st more...

  • "... writes persuasively about the need for better balance in our lives...urges readers to consider their legacy...offering the chance to relax, reflect and regroup...interweaves anecdotes, quotes, fictional stories and his own musings in a leisurely style..."

    — The Globe & Mail
  • Simultaneously practical and inspirational, Jim Clemmer takes a refreshing approach to leadership and personal growth. Growing the Distance is full of wisdom, anecdotes and pithy advice in an informal, easy-to-read digest format. Great reading for all walks of life."

    — Nancy Semkin, Manager, Leadership
    Development, Royal Bank Financial Group
  • "....participants gave you a 4.5 out of 5 for the overall quality of your presentation. Participants particularly enjoyed your casual and informal presentation style, being in control in a group setting and the manner you were able to connect with the audience..."

    — Musawir Karim, Senior Research Associate and Program Manager, Centre for Management Effectiveness, The Conference Board of Canada