The Profit Prophet

I just finished reading a pretty interesting book titled, “ The Experience Economy” written by Joseph Pine and James Gilmore. In it, they describe how a company, in order to be successful in the market, will have to change from supplying commodities, to go above supplying goods and beyond offering a service to staging an “experience.” Lots of good “how-tos” but the one underlining theme they really are talking about and what I have chanted often in my product marketing and sales career is: you need to Differentiate or Die . Part of parcel of this differentiation comes from that belief that business is theater, and in order to keep customers, you need to keep them entertained. In Business School, when you are forced to take statistics, the focus is on the Central Mean Theorem, or finding the average of a large population. This unfortunately has been transferred into the marketing strategies of most large and mid-sized companies. As a “safe” strategy, this might seem like a good ide...