Building a Business Which is Net Positive

 

I recently finished reading, “Innocent – Our Story and Some Things We’ve Learned”. A great insight into the culture of Innocent Drinks. The book provides an excellent overview of the history of the company and the ethical and environmental stance the business takes in sourcing its ingredients. The book also offers lots of practical business advice for entrepreneurs. If you are a fan of the drinks, this is a must read book!

The video above summarises the Innocent story in under ten minutes and features co-founder Richard Reed.  He discusses five areas in which he believes has made Innocent Drinks a success. These areas include:

1. The nature of things made – 100% natural, 0% concentrate.

2. Procuring ingredients in an ethically and environmentally conscience way.

3. Producing packaging with a lighter foot print  (recyclable/biodegradable).

4. Conserving energy – (refusing to air freight fruit and sourcing locally produced produce).

5. Sharing profits – 10% of profits are donated to good causes.

Overall, by following the guiding principles above, Innocent is building a business which is “net positive”.

UPDATE

Take a look at the video below for a tour of Innocent Drinks at Fruit Towers in West London.

 

Fantastic.

Ted Talk: Seth Godin On Tribes We Lead

Last year I reviewed Seth Godin’s latest book called Tribes. I enjoyed this book and  Seth’s talk at TED is a great synopsis of the book. In a “Twitter world” where we follow others, Tribes empower individuals. The book serves as a good reminder that by starting a movement, it is possible to change the world.

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Print Websites Easily with Print Friendly

 

Print Friendly is a nice site which helps to correctly format web pages for printing. The site also optimises your printing, by removing annoying ads to.  If you print content from the web, Print Friendly is definitely worth checking out.

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Keynote Videos from The Next Conference 2009

You can watch the Jeff Jarvis keynote below from The Next Conference. The title of his talk is called The Great Restructuring of our times (fuelled by the Internet and now accelerated by the financial and economic crisis). Now, if only Jeff’s book from Amazon would arrive 🙂

Jeff’s slides can be found below.
The second opening keynote was delivered by Umair Haque, Director of the Havas Media Lab and a strong advocate of a radical changed capitalism. Like Tim O’Reilly did with the web, he calls this Capitalism 2.0. Maybe we’ll see Capitalism 2.0 Conferences soon?
 
 
 

According to Haque, capitalism is fundamentally broken. But he has some ideas on how to fix it. In a recent blog post he writes:

It is no coincidence that so many industries are in trouble simultaneously and so fast. The growth of the Zombieconomy is a Jupiter-sized wake-up call to today’s leaders.

Here’s the real problem.

Capitalism 1.0 is built on an obsolete set of ideals. What the 21st century needs are better ideals, to build a better kind of business on.

Fundamentally, we need organizations that can behave very differently. Telcos are a great example — they’ve been fighting tomorrow for decades. And the bill is now coming due.

That’s a tough set of lessons to internalize. Recently, I gave a talk on Constructive Capitalism to a bunch of senior guys at a major international organization. They debated with me for close to an hour whether a better kind of capitalism was really necessary.

Frankly, I thought it was a bit funny that the debate was necessary at all. Hey, look — it’s the simultaneous collapse of significant portions of the manufacturing and service sectors. Convinced yet?

 
Andrew Keen’s talk at the conference, with some interesting insights from his forthcoming book  Digital Vertigo.
Nice to see Andrew doesn’t use slides for his talks!
 

 

Zappos – Five Seconds To Wow!

 

Up until now, most of what I knew about Zappos was that they were passionate about selling shoes. Selling shoes with a personal touch. I also knew that they were famous for paying off employees to leave the company, if they were not prepared to live and breathe the company’s values (see picture below). However, I recently read Scoble’s blog post which made me go Wow! I’ve shared the Wow! moments and key messages coming out of Zappos below.

What can all businesses learn from Zappos? Scoble recently found out the following:

1. Focus on culture and build something for the long term. Tony’s first company, Link Exchange, was sold because it wasn’t fun anymore.That’s why he focused so much on culture when he got involved with Zappos. I see so many companies who focus on growth and get exactly what they want: an unfun fast growing company that falls apart later.

2. Get rid of assholes. Zappos has a filtering system before, during, and after hiring to make sure they get rid of people who “don’t fit the culture.” That is the nice way of saying they get rid of assholes and they get rid of them quickly. They even pay candidates $2,000 after they go through training if they can admit they don’t fit into the culture.

3. Get a coach. Zappos has its own coach. His name is Dr. Vic. He meets with every employee. Takes their picture. Learns what they are about and helps them get their career moving. Plus he writes a blog for everyone else’s company.

4. Share with others. Zappos gives tours to everyone to share what they’ve learned. You can take the tour too, I highly recommend it if you are in Las Vegas. tours@zappos.com will get you a date and a time. Oh, did I mention they pick you up from the airport? And that they carry your bags? And that they are, well, um, nice?

5. Train, train and train some more. Zappos has a whole department that puts together classes. Your pay goes up the more classes you complete. Plus they have all those free books in the lobby.

6. Enable all employees to be spokespeople. Every single new hire at Zappos is asked to start a Twitter account and post a few times to it during training. After that they don’t care if you keep it up. Why do they do that? They want to rub it in that EVERYONE in the company is a public spokesperson for Zappos, not just the CEO or PR team.

7. Everyone lives by same rules. During Scoble’s tour he heard of a new hire that was fired during training for not showing up on time and giving some lip. This was a high level technical person that they really could have used. Silicon Valley companies would put up with that kind of behaviour. Not at Zappos. Everyone, from executive recruits on down are expected to live to the same rules.

8. The CEO’s office isn’t sacrosanct. Tony encouraged Scoble to throw peanut shells on his office floor. Why? That happens every day, we learned, as tours come through. But it’s a subtle message that Tony isn’t above anyone else in the company and that his door isn’t just open, but that you can come in and mess up his work space.

9. Create a welcoming culture. Every department, as we walked in, said “hi” in a different way. Here’s the casual department who waved these little clappy hands at us. Other departments had other kinds of noise makers. The Fashion department took pictures of us while they played music.

zappos 

Picture Credit – Robert Scoble

10. Everyone is a VIP. Both internally and externally everyone gets the VIP treatment. This means all sorts of little things all across the company. Vendors, when they come to Zappos, get their bags carried. That wins them accounts. In our case we had our tripods and cameras carried and our every need catered to.

11. Create an atmosphere for both goofiness and brilliance. Every conference room was decked out with personal touches. It gets you in the mood for creative discussions. Here Rackspace employees are meeting with Zappos employees and learning more about Zappos. Notice all the weird touches on the table, the walls. It’s hard to take yourself too seriously there.

12. Root out hubris and kill it. This is mostly a note to myself, but I know lots of San Francisco companies who this could apply to just as well, too.

13. Follow your employee’s and customers’ passion. How did Zappos get into clothing? Their customers and employees were passionate about it.

14. Don’t be religious about what’s working. Having 400 employees on Twitter is clearly working for Zappos but Tony, at one point, told his employees to talk to me about friendfeed. They are always looking for the next idea. By the way, here’s everyone who is saying something about Zappos on friendfeed. I love this quote from Forrester’s CEO, George Colony (Tony is speaking at the Forrester Conference today): “When asked why he was on Twitter, Tony Hsieh, Zappos CEO said: “People relate to people, not companies.”

15. Be religious about taking care of customers. Tony loves telling the story about when they got pizza ordered for them by Zappos help desk (they didn’t know who was calling). Every employee is empowered to take care of customers and get their problems solved.

16. Reward greatness. Every employee can give a $50 bonus to any other employee. Does it get misused? Not often and when it does it’s easy to solve.

17. Remember most policies are to take care of edge cases. They resist writing new policies at Zappos. When they do write a policy, they make sure it really is needed across the company. Usually policies get killed.

 

 

Six Degrees of Separation

 

The above BBC documentary examines the urban myth that everyone on earth is connected to everyone else in just a few steps of association. However, this is no myth. The proof comes from network theory, a new science with implications for everything from cancer research to pandemic control.

Sadly, the BBC’s experiment went pear shaped. Forty envelopes were given to people around the world with the instruction they had to pass it to someone they knew by their first name to someone (etc) who knew the addressee. However, only three packets made it.

Blogging at the Speed of Thought

I can’t wait to try this out. WordPress is upping the game in the world of blogging to compete with Twitter. I myself have been blogging less of late, as I spread most of my content out through my Twitter stream. However, I think enhancements to blogging platforms such as P2 might be a good way to bring the masses back to blogging.

Hello P2! I’ve missed blogging and it’s good to be back!

Here’s the overview of what’s new in P2:

  • Threaded comment display on the front page.
  • In-line editing for posts and comments.
  • Live tag suggestion based on previously used tags.
  • A show/hide feature for comments, to keep things tidy.
  • Real-time notifications when a new comment or update is posted. (If you have a Mac, you know what we mean when we say it’s Growl-like.)
  • Super-handy keyboard shortcuts: c to compose a new post; j to go to the next item; k to go to the previous item; r to reply; e to edit; o to show and hide comments; t to go to the top; esc to cancel.
  • Helvetica Neue for you modern font lovers.
  • Plus more to come! Keep an eye on the news blog for updates.

 

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What is the Future of Social Media?

One question with a great range of great answers. This video was shot by Christian at Amplified 08.

What is the future of Social Media?

I think the future of social media is mass adoption by the masses. In recent weeks we have seen UK users jump on the Twitter bandwagon following celebrities such as @wossy and @stephenfry. I see this trend continuing. However, as the number of followers/friends increase for everyone, I see a dynamic shift.

Traditional principles of networking and word of mouth become energised once again. Real people – Real Recommendations – Real Time.  I see a future where crowdsourcing becomes the norm, we won’t rely on search engines such as Google, rather we will rely on the ‘wisdom of the network’. This won’t be a single network but a complex social graph of people we know and people we don’t know.

A focus on technology will be less – devices and services will just work, connect and fade into the background. Just as we carry our phone numbers and emails today on our mobiles. In the future, we will capture ‘conversations’ and take them everywhere.