Skip to main content

The Power of 'AND'

I have been fortunate to be helping two startups over the past few months. I think both of these startups have a great chance because they are combining two disparate things into a new service or product. One thing that I have noticed about successful companies (both startups and giants), is that those which tend to be successful employ the “Power of ‘AND’.” This means they take traditionally mutually exclusive characteristics and then combine them into a new and novel way.

Examples include Southwest Airlines (low cost fares with on-time, high quality service), Wal-Mart (low prices with large selection), and Apple (high technology with high styling) to name a few. That is not to say that companies that do not use the 'power of and' are not successful, it just seems like the odds for success tend to tilt towards people and companies who can pull this feat off.

Ronald Reagan was able to combine a forceful, “hawkish” leadership, with the everyman personal touch. So much so that he was framed as the “Great Communicator.”

George W. Bush’s team understood this when he came out with the “Compassionate Conservative.” He was saying that he was trying to open the tent to everyone. Now, saying one thing and doing another will get you an approval rating in the high 20’s, so be sure you walk the talk. But still, if you can pull it off, look at how you can combine things like:

Feature Rich and Simple to Use
Low Power and High Performance
Light Weight and Solid Build
High Performance and Great Fuel Efficiency
High Style and Value Pricing
Rugged and Stylish

You may ask is there any imperial evidence that the 'power of and' can help me or my company? Well, in Richard Tanner Pascale’s Managing on the Edge, a study was conducted involving 43 highlighted companies in the book In Search of Excellence five years after the original research was conducted. Pascale discovered that 14 companies retained their “Excellent” rating while 29 did not. His conclusion to the key factor that distinguished the 14 from the 29 was that they managed the 'power of and' better in what he called “managing contention.” In Built to Last, Jim Collins and Jerry Porras call it “The Genius of the ‘AND’.” Use of the 'power of and' existed in 18 “Silver” companies that outperformed the stock market from 1926 to 1990 by a factor of 2, and in 18 “Gold” companies that outperformed the stock market during that same period by a factor of 15! In Collins’ next book, Good to Great, elements common to all of the 11 selected companies are described in terms of the “AND” they manage either explicitly or intuitively.

So the Power of AND can not only help you create a better product or service but a more profitable future as well. The question is...how can you harness that power for yourself and those you work with?

Comments

Anonymous said…
Product and/or technical differentiation is clearly an enabling factor in the success or not of a start-up (or past start-up) company. Interestingly, just this evening one of my management team and I discussed the fact that despite the passage of time, we still had a perceived advantage in both of our technology clusters. What is our "and" factor? I'm not sure, but the nature of technology transfer is taking a technology from one market or area and applying it to another...T2 is also the leveraging of R&D and turning it into a new product. So, I guess in that light, our "and" lies in the federal laboratory origins of our technologies and the unique management approach we've taken to bring the effort to its current state.

It has just taken wa-y-y-y too long to get here, and yet, the market has not run away from us.
Profit Prophet said…
You actually might be AHEAD of your time. Look for my next blog on "timeliness" to market (not time to market).

Keep up the good fight!
Anonymous said…
I've been told that one of my greatest strengths is also one of my weaknesses. If an entrepreneur has vision that is too early, then the entrepreneur either has to outlast the waiting period (for the market to catch up), or die on the vine for lack of funding and credibility.
Profit Prophet said…
You are absolute prescient on that matter.

Popular posts from this blog

The Moldy Middle

While taking statistics during my quest to get an MBA and while earning my engineering degree, the professors always emphasized the importance of finding the statistical mean of any population by using the Central Mean Theorem (a.k.a the highest point of the Bell Curve). As an engineer, this was essential in order to maximize throughput, minimize cost and waste, and ultimately make a better, faster, cheaper widget. A funny thing happened on the way to the dark side of marketing. I discovered that the only thing in the middle of the road was quite literally dead road kill. I do not know if you remember stores like Bradlees, Ames and Service Merchandise (just to name a few), but they all folded because the environment changed and they were caught trying to service the mythological “average customer.” Part of that change came when Wal-Mart began its juggernaut with the discount department store. Wal-Mart did two things right: 1) Focused on “mobile” consumers, and 2) Fo

The Rush to Bottom

I cannot take credit for these words of wisdom, and sadly I do not know who wrote it originally. So, I cannot acknowledge them by name but I can acknowledge their exceptional talent to get a message across with clarity and hard-hitting truths.   Whomever this author is, I thank and admire you and take pleasure in sharing this with others!   I have also included a video if anyone is interested in sharing it. “When the reward is great, the effort to succeed is great...but when government takes all the reward away, no one will try or want to succeed.” An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, “OK, we will have an experiment in this class on socialism. All grades will be averaged and everyone will receive the same grade so no one wi

How Much is Enough?

I have been thinking about integrity and honesty, and frankly should humanity even continue, but that is another thread. In my thinking, I keep coming back to the same question: How much or little cheating is enough? Or stated another way? How much of a lie makes you a liar? How much cheating do you have to do to be a cheater? How much do you need to steal for you to be considered a thief? How much infidelity do you need to be considered an adulterer? How much fraud to you need to commit for it to be criminal? How much of the truth needs to be changed for it to be untrue? How much shit exactly, does something need to have to be considered a shit sandwich? How dead must a person be to be considered murdered? How pregnant do you have to be to be considered pregnant? OK, the last two were off topic but the answer is “any”.. Any amount of lying makes you a liar. Any amount of cheating makes you a cheater. Any amount of stealing makes you a thief. Any amount of infidelity makes you an adult