Procrastination!

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I was recently asked by a reporter to comment on the dilemma of procrastination. Here are some thoughts:

Why do people procrastinate? Among the common reasons I’ve observed:

We have a human tendency to over-value goodies in the short term (free time, spending money, sleep) and under-value things that will give us future benefits (investing, staying awake, saying no to that movie date). A natural consequence is procrastination, in which people put things off but feel uneasy about it.

Ironically, in the short run procrastination LOWERS our stress level. Of course, eventually it catches up with us.

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Risk of offshoring your crown jewels

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Fortune (May 1, 2006)prints a report that should give everyone hungry for low-cost manufacturing in China pause. It seems that once you've trained the crew, handed over the blueprints and turned the crank on production, it is very hard to turn if off again. Meaning that once your sub-contractor has done their bit for you, there is nothing to prevent them doing just a little more - except that this time it's for themselves. In fact, they can do so much more that they can sell items that are indistinguishable from the real thing -- because they MAKE the real thing.

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Adding empathy - to detergent???

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Now I've seen it all. Business Week (May 1, 2006) has a long discussion of how Tide and other consumer brands are being made into 'so much more than just detergent' by companies seeking to appeal to the deeper emotional needs of potential customers. One that grabbed me -- "One of our rallying cries was to get out of the laundry basket and into her life" quotes the P&G fabric care marketing director.

Imagine how interesting life could be if more companies took a more compelling view of their products. Tweet This!

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Unit of Business Play - Ryanair

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So how is this for interesting? Business 2.0 reports in April that Ireland's Ryanair may soon be prepared to give away tickets for flights for free. What's the catch? You pay for everything (and I do mean everything) else that used to come along with the flying experience. Not just food & drinks, but for things like checking your bags. They are serious about keeping costs down - to the point where they even remove the seat-back pocket to save space and weight.

When you think about it though, how creative! Customers are basically saying they don't want to pay for flying - so why not give them exactly what they are prepared to pay for. Tweet This!

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Innovative HR

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This is an interesting way to deal with workforce flexibility. Business Week (April 17, 2006 edition, p. 14) reports that McDonald's in the UK is testing a program that allows employees from the same immediate family to fill in for one another without clearing it with the boss. It's called the family contract, and in my opinion is a great way to deal with the fact tha work and family often require juggling to accommodate the demands of both. According to the story, about 1.5% of the 60,000 British McDonald's workers are related to one another. Tweet This!

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