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Your Most Valuable Asset is Something You Don’t Own

September 2, 2014 by Dennis Fischman Leave a Comment

Workers walked out at seventy Market Basket supermarkets in June. Today, they are going back to work on their own terms.

The majority shareholders have agreed to sell their stake in Market Basket to the once-and-future CEO, Arthur T. Demoulas. That was the workers’ sole demand.

Why did Market Basket have to cave? The company still owned the stores and the valuable land on which they were built. It had plenty of money in the bank.

What it didn’t own was the company’s reputation.

Read more at http://www.trippbraden.com/2014/09/02/most-valuable-asset/.

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Your Nonprofit Behaves Like a Telemarketer

August 14, 2014 by Dennis Fischman Leave a Comment

My friend Tema Nemtzow wrote me, “I just got a call asking if I’d like to have a new source of selling insurance. When I told him that I don’t sell insurance, he asked me if I’d like to start!”

You may groan at this terrible telemarketing. But think a moment. Is your nonprofit acting the same way?

  • Do you send the exact same message to longtime supporters and new acquaintances?
  • Do you add people to your mailing list just because they live in the neighborhood and they have a lot of money?
  • Are you constantly talking about what your organization does instead of what your audience cares about?

Too many nonprofits are making cold calls, even in our writing.  We’re pitching “products” the person on the other end doesn’t want…and making it clear to her that we have no idea who she is.  We need to stop being lame salesmen like the one who called Tema.

Get to know your audience, talk to them about what matters to them, and  they will listen.

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Who Cares about Your Company?

July 31, 2014 by Dennis Fischman 1 Comment

The Market Basket in Somerville, MA where I live is doing hardly any business at all. The reason? Most of the workers—and many customers—are outside. As Bloomberg reports:

Thousands of the supermarket chain’s employees have organized rallies at their local stores and at the company’s headquarters during the last week. Were these employees rallying for higher wages, better benefits, and predictable schedules — the needs so many retail employees face? No, they were demonstrating to help their ousted CEO, Arthur T. Demoulas, get his job back (he was fired in June after [a] coup led by his cousin, Arthur S. Demoulas).

Why do workers at Market Basket care so much about who runs the company?  They see the issue as what kind of company they work for.
– See my guest post at http://www.trippbraden.com/2014/07/31/care-for-your-company/#sthash.rTgAjqdl.dpuf for what you can learn from the Market Basket story!

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