Research Sources – Market, Industry and Business Plans (2 of 3)

Woman in Yellow Turtleneck Sweater Using Laptop

Research Your Marketing Plan

Typically no single source provides all of the information necessary for writing a good marketing plan for your business. This means gathering information from several sources. According to Pratt Library, you may need to gather information on demographics, industry trends and competition, to name just a few.

Market research can take a great deal of time even with an array of databases and web sites because you are filtering through a lot of information. Sifting through information may help you to prepare a more effective and focused marketing plan.

Why Develop a Marketing Plan?

  • To create and develop a marketing strategy that achieves your business goals
  • To learn about your niche, your customers and their potential needs
  • To bring sales growth into focus
  • To provide a vision or roadmap
  • To help you see how you will fare against your competition
  • To uncover your strengths and potential weak points
  • To identify possible areas of growth

MORE RESEARCH SOURCES

Encyclopedia of American Industries

The Encyclopedia of American Industries is a major business reference tool that provides detailed, comprehensive information on a wide range of industries in every realm of American business, providing individual essays on every industry recognized by the U.S. Standard Industrial Classification (SIC) system.

Free Edgar

Offers free, unlimited access to real-time SEC filings. A free alert service and Excel spreadsheets of financial tables. From this page you can search for company information. Company filings are available starting in 1994. See also full text search.

Google Trends

Identifies major news events for specific industries and companies over the last couple years. provides insights into broad search patterns. Please keep in mind that several approximations are used when computing these results.

Newspapers Online

Searchable by region and title

Public Records Search – BRB’s FREE RESOURCE CENTER

The links listed below lead to government agencies that provide FREE online access to public record information. For a comprehensive resource of access methods, restrictions, fees, and search procedures on over 28,000 government and private agencies (information you can’t locate with Google or search engines) visit the Public Record Research System. (PRRS-Web).

Social Media Survey by American Marketing Association

The American Marketing Association conducted a Social Media Survey to assess interest in social media tools and social networking behavior of its marketing professional members and website registrants. Recognizing the growing importance of social media in the marketing industry and the need for marketing professionals to utilize existing social networking platforms to form business connections and generate customer leads, the AMA sought to better understand current social media usage patterns of marketing professionals. The survey focused largely on current usage patterns of social media tools such as forums, groups, blogs and wikis as well as popular online social networking platforms.

For more information, see the full article, Research Sources

What sources have you found invaluable for researching your marketing plan or business plan?

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For more resources, see our Library topics Marketing and Social Networking.

.. _____ ..

ABOUT Lisa M. Chapman: With offices in Nashville Tennessee, but working virtually with international clients, Lisa M. Chapman serves her clients as a business and marketing coach, business planning consultant and social media consultant. As a Founder of iBrand Masters, a social media consulting firm, Lisa Chapman helps clients to establish and enhance their online brand, attract their target market, engage them in meaningful social media conversations, and convert online traffic into revenues. Email: Lisa @ LisaChapman.com

What is a Major Gift ??

an-NPO-rejoicing-after-receiving-a-major-gift-from-a-donor

Many Non-Profit Organizations (NPOs) use the term “Major Gifts” to refer to those that are larger than the usual range of gifts that arrive in the mail. Typically, $1,000 is the magic number.

But, unless an organization’s budget and/or the amount to be raised via the fundraising process is unusually small, gifts of $1,000 won’t significantly aid in pursuing financial goals.

A Major Gift, which could be a planned gift, is not based upon exceeding a specific dollar figure — as above, but requires:

1• Amounts that will significantly help to attain fundraising goals
— 1% or more of the goal would be significant. If your goal is
$1,000,000, at $1,000 each, you’d need 1,000 gifts; and, unless
you have the prospect base with that many donors who have given
at that level in the past, that’s not very likely. Realistically, for a goal
of that size, gifts of $10,000 and up are necessary. (We will address
the concept, construction and use of a Gift Table in a subsequent posting.

2• That prospects be cultivated and solicited on a face-to-face basis.
Consistent with the concept/practice of “development,” in order to get
donors to want to make “major” gifts, there must be a relationship
between the donor and the person doing the asking. And that person
must also be one of the people, in not the person, doing the cultivating
and educating of the prospective donor.
(Prospect Cultivation will be addressed in-depth in future postings.)

3• Ask amounts that are well thought out and well researched.
When asking for ANY gift to a non-profit, it should always be for a
specific dollar figure. For a major gift, it should be a figure based
on the donor’s ability to give … and you should always be able to
give the donor a good reason “why that amount” !! (For discussion
in a future posting.)

4• The development and implementation of an individual plan,
or strategy for getting each potential donor to the point where s/he is
ready to make the gift you want him/her to make. (For further discussion
in a future posting.)

[If you’ll describe a particular prospective donor [in depth, no names], we
will suggest a possible cultivation process for that individual.]
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Have a comment or a question about starting, evaluating or expanding your fundraising program? With over 30 years of counseling in major gifts, capital campaigns, bequest programs and the planning studies to precede these three, I’ll be pleased to answer your questions. Contact me at AskHank@Major-Capital-Giving.com
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Have you seen The Fundraising Series of ebooks ??
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If you would like to comment/expand on the above, or would just like to offer your thoughts on the subject of this posting, we encourage you to “Leave a Reply” at the bottom of this page, click on the feedback link at the top of the page, or send an email to the author of this posting.

Does Transformational Leadership Make a Difference?

One Black Chess Piece Separated From Red Pawn Chess Pieces

How is it Transformational?

The name “transformational leadership” is sometimes meant to denote the transformation of team members from a focus on individual goals to a commitment to the goals of the organization. Another way of looking at it is the transformation that takes place in an organization as its members become more committed, motivated, and aligned with the vision and values of the organization. If one were to try and provide a bottom line objective of transformational leadership, it might be referred to as a leader’s efforts to align his or her goals, and the goals of team members, with the strategic goals of the organization. This description comes after distilling the theory of transformational leadership, into an approach to leadership (replete with specific leader behaviors), and demonstrating the connection with these behaviors and business outcomes. It has taken about 35 years to arrive at this place.

Where Does Transformational Leadership Make a Difference?

The following are some of the outcomes that have been reasonably well correlated with transformational leadership.

Innovation

There is evidence that transformational leadership behaviors (especially intellectual stimulation) can increase the overall innovative capacity of team members and, subsequently, organizations as a whole. In order for this to happen it is important that, in addition to intellectual stimulation, that leaders are go out of their way to empower team members to think creatively. It is also very helpful if team members view the organization as one that rewards innovation and initiative and that is committed to excellence.

Motivation and Perseverance

There appears to be a clear link between transformational behaviors and the level of motivation and perseverance toward goals demonstrated by team members. The best part of this connection is the corresponding link if motivation and perseverance with overall organizational performance. It is important to note that motivation can move rather quickly in the opposite direction if transformational behaviors are used with team members that are feeling overworked.

Commitment

There seems to be a firm connection between the commitment that team members have to a particular leader, group, or organization, and the demonstration of transformational behavior by organizational leaders. It is evident that one of the key variables is trust. That is, when team members trust organizational leaders, their commitment level rises accordingly.

Organizational Change

It is interesting how long it has taken for anything more than anecdotal evidence of a link between transformational behaviors and successful navigation and execution of organizational change initiatives. In the past couple of years this connection has become more firmly established. It is not surprising that the connection was hard to establish, as there are a multitude of factors – some totally unrelated to leadership — that contribute to the viability of change initiatives.

How does Transformational Leadership Make a Difference?

The next question has to deal with the relative influence of specific transformational behaviors on the above mentioned outcomes. My next entry is intended to provide some insight into these behaviors. In the mean time, feel free to share your reactions to the outcome data.

Different Domains of Leadership and Skills Needed in Each

The text "skills" written on a black background

We often generalize leadership and skills to be the same traits needed all the time and everywhere by all leaders. Is leadership really that simple? Let’s look at different domains of leadership and the different skills that are needed in each.

Leading Yourself

To effectively lead yourself, useful skills are, for example:

  • physical fitness
  • decision making and problem solving
  • critical thinking
  • setting personal goals
  • prioritizing
  • time and stress management
  • self-coaching
  • emotional intelligence
  • motivating yourself
  • work-life balance

Here’s many resources about leading yourself.

Leading Others Individuals

To effectively lead others, you need to effectively lead yourself and have additional skills, for example:

  • Coaching
  • Counseling (basic)
  • Feedback
  • Listening
  • Questioning
  • Understanding body language
  • Delegating
  • Directing

Here’s many resources about leading others.

Leading Groups/Teams

To effectively lead groups or teams, you need skills to lead others and have additional skills, for example:

  • Agenda design
  • Facilitation
  • Consensus building
  • Group decision making and problem solving
  • Meeting management

Here’s many resources about leading groups and teams.

Leading Organizations

To effectively lead organizations, you need skills to lead yourself, other individuals and teams, along with skills, for example:

  • Strategic planning
  • Business planning
  • Organizational development and change
  • At least one organizational performance model, for example, Balanced Scorecard or strategic management

Here’s many resources about leading organizations.

So when identifying necessary skills in leadership, it’s not enough to imagine a long list of wondrous traits. Leadership is much more situational than that.

What do you think?

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Carter McNamara, MBA, PhD – Authenticity Consulting, LLC – 800-971-2250
Read my weekly blogs: Boards, Consulting and OD, Nonprofits and Strategic Planning.

7 Options for “Success” in Consulting Projects

"Success" written on a blackboard

As a consultant, your perception of project “success” is the basis from which your client and you conclude, for example, whether the project is of high quality, that money paid to you was well spent, that you did a good job as a consultant, and whether you might be hired again (if you are an external consultant). Early in the project, it is important for you and your client to discuss how to determine the success of the project.

Unfortunately, determining whether a project was successful or not is not nearly as easy as it might seem because there are numerous perspectives on what is project “success.” Therefore, it is important to consider all of these perspectives, especially about a complex – and usually changing – project

Consider the following possible definitions of what might be considered as “success” in your consulting project, and work with your client to select one or more.

Definition of Success #1: Desired outcomes and results listed in the project agreement are achieved.

Both you and your client should somehow specify the overall results that the project is to achieve. Ideally, the results are described in terms such that you both could readily discern if the results were achieved or not. This outcome is often a measure as to whether the project was successful or not.

Definition of Success #2: The client’s problem is solved.

More times than people realize, the originally specified project results have little to do with actually solving the most important problem in your client’s organization. That occurs because, as you and your client work together to examine and address their overall problem, you both realize that there is a more important problem to address. At that time, it is wise to change your project plans if both of you agree. Discuss the new results that you prefer and how you will know whether or not they are achieved.

Still, later on, your client might believe that any agreed-to results that were achieved from the project were not as important as addressing any current, unsolved problems, so your client might still conclude that the project was not as successful as it should have been. Or, your client might believe that any achieved results were actually more useful than addressing the original problem that you discussed, so your client might still conclude that the project was highly successful.

Definition of Success #3: The project is finished on time and within budget.

Often, your client has limited resources in terms of money and time. Therefore, any project that did not require more time and money than expected might be considered successful. That might be true, especially if your client has the philosophy that there are always problems to be solved in any organization and that the project was done as best as could be done.

Definition of Success #4: You and your client maintain a high-quality, working relationship.

The quality of your relationship with your client is often directly associated with what the client perceives to be the quality of the project. In a highly collaborative approach to consulting, you want your relationship with your client to be as open, honest and trusting as possible. The nature of the relationship supports your client’s strong, ongoing commitment and participation in the project itself, which, in turn, helps to ensure that the project effectively addresses problems in their organization.

Definition of Success #5: Your client learns to address similar problems by themselves in the future.

This outcome should be one of the major goals for any consultant. However, the exact nature of the problem may never arise in the client’s organization again, so it is often difficult to assess if the client has learned to solve that problem. Also, few consultants are willing to scope a project to the time required to assess whether a client really can solve the same type of problem in the future.

Definition of Success #6: Your client says that they would hire you again (if you are an external consultant).

One of the most powerful outcomes is that you both are willing to work with each other again. One of the ethical considerations for any consultant is to avoid creating a dependency of the client on the consultant – where the client cannot capably participate in the organization without the ongoing services of the consultant.

However, it is not uncommon that the client strongly believes that the quality of the relationship with the consultant is as important as the consultant’s expertise. The client might choose to use that consultant wherever and whenever they can in the future.

Definition of Success #7: You get paid in full.

However, you might feel good about the quality and progress of a project only to conclude, later on, if you have not been paid as promised, that the project was not successful.

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For more resources, see the Library topics Consulting and Organizational Development.

(This blog post was adapted from the Field Guide to Consulting and Organizational Development by Carter McNamara, MBA, PhD, Authenticity Consulting, LLC

What do you think?

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Carter McNamara, MBA, PhD – Authenticity Consulting, LLC – 763-971-8890
Read my weekly blogs: Boards, Consulting and OD, Nonprofits and Strategic Planning.

How to Improve a Board By Understanding the System of a Board

Businessman wearing a suit

Recent Breakthrough in Development: Systems Thinking

One of the recent breakthroughs in organizational and management development is the ability to understand organizations and each of the various functions in them as a system. Each of the functions, such as Boards, planning, leadership, management, marketing, sales and finances is a system. Each of these functions is also a subsystem in the overall system of the organization.

Our understanding of systems helps us to be much more effective in “diagnosing,” including to identify causes versus symptoms in order to improve the organization or any of its functions.

What is a System (Inputs, Processes, Outputs)?

A system is an ongoing series of activities focused on achieving an overall purpose. It has various subsystems, each of which is connected and aligned to achieve that overall purpose. For example a car is a system, but a pile of sand is not.

Systems have various inputs which are processed to produce various outputs. The inputs usually come from other systems and the outputs usually are input to other systems, as well. Strong alignment of these systems usually optimizes the performance of the system, as well.

What is the System of a Board of Directors?

Let’s look at the system of a Board of Directors.

Inputs

Typical inputs to Board operations include:

  • Past evaluation results of Board
  • Annual calendar of Board activities
  • Strategic plan
  • Business plans
  • Stockholders’ expectations
  • Laws and regulations on governance
  • Employees
  • Best practices on Boards

Processes

The typical recurring processes of a Board can be organized into four stages, including planning the Board, developing the Board, operating the Board and evaluating the Board.

Process: Planning the Board

  • Develop Board policies and procedures
  • Update Board member job descriptions
  • Update the Board organization chart
  • Develop Board Committee work plans

Process: Developing the Board

  • Form Board Governance Committee
  • Recruit new Board members
  • Provide Board Manual to each
  • Train members about Boards
  • Orient members about the organization
  • Organize members into committees

Process: Operating the Board

  • Attend meetings
  • Research, discuss and debate issues/topics
  • Make motions and decisions
  • Drive strategic planning
  • Supervise the CEO
  • Conduct public relations
  • Review financials
  • Declare stock equity and dividends (in for-profits)
  • Drive fundraising (in nonprofits)

Process: Evaluating the Board

  • Evaluate each meeting
  • Evaluate quality of attendance, participation, teamwork, strategic decisions
  • Evaluate Board operations annually
  • Develop and implement Board Development Plan

Outputs

Examples of typical outputs or results from Boards include:

  • Board minutes with decisions
  • Directives to the CEO
  • Public speeches
  • Financial reviews
  • Board Development Plan
  • Updated Board policies and procedures

Here are several graphical depictions of a system of a Board. These depictions also are called logic models.

So What About “Diagnosing” the System of a Board?

It’s helpful to “diagnose” the performance of a system by working backwards from the quality of the system’s outputs, then examining each of its recurring processes, and then the quality of the inputs to the system (remember that these inputs often are outputs from another system.) A good Board evaluation would examine at least the occurrence and ideally the quality of the outputs, processes and inputs. Here are several Board evaluations.

Too often, we look primarily at the results, or outputs, of Board operations and then we exhort Board members to improve those results. If we also look at the processes then we can also mention those to members as ideas about how they can improve their results.

It’s beyond the scope of this blog post to go into much more detail about this diagnosis and steps for recovery. See the subtopic Free Complete Toolkit for Boards in the Free Management Library.

What do you think?

(This post was adapted from the book Field Guide to Consulting and Organizational Development by Carter McNamara, Authenticity Consulting, LLC.)

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Carter McNamara, MBA, PhD – Authenticity Consulting, LLC – 800-971-2250
Read my weekly blogs: Boards, Consulting and OD, Nonprofits and Strategic Planning.

The Organic Model of Strategic Planning

Hands resting on a laptop on a white desk

What Is an Organic Approach?

Organization and management sciences today are placing a great deal of attention to naturalistic approaches to development. One of the most prominent approaches is called “self-organizing” systems. These are systems that develop primarily according to certain values, rather than according to specific procedures.

Biological systems (people, plants, animals, etc.) are fine examples of self-organizing systems. They might grow in any variety of ways – ways which are rarely sequential in nature. However, these biological systems always develop according to certain key principles or values, such as propagation of their species and self-preservation.

Contrast to the Traditional Approach to Strategic Planning

Contrast that naturalistic, unfolding approach with the traditional approach to strategic planning, which is usually linear, or sequential, in nature. In the traditional approach, planners might:

  1. First identify broad mission, vision and/or values statements
  2. Conduct a situational analysis involving external and internal assessments
  3. Establish broad goals in accordance with the mission and results of the assessments
  4. Identify strategies to achieve those goals (small organizations often skip these strategies)
  5. Develop specific action plans (objectives, schedules, responsibilities and resources) to achieve each of the goals.

This linear approach is not well suited to all types of organizations. Some organizations might prefer a more naturalistic planning process that allows all perspectives and activities in an organization to unfold over time. This planning process might be deemed “organic”, that is, it emerges like that in natural systems, such as plants, animals and people. Some might prefer to call it “holistic.”

What is an Organic Approach to Strategic Planning?

This is a rather unconventional approach to planning – certainly, an approach that some might argue is not strategic at all. However, the value of this approach is that it can match the nature of certain types of organizations much more closely than the traditional, linear approaches. It might even be argued that the linear approaches can even hurt these types of organizations as their members struggle to conform to a planning process that is quite contrary to their nature.

Step #1: Clarify stakeholders’ vision and values

In meetings of perhaps half a day, stakeholders clarify their common vision and values. Here are various methods to clarify vision and values. The types of stakeholders depend on the purpose of the planning. For example, neighborhood development planning might include members of the neighborhood, potential funders and community leaders.

Step #2: Each person establishes personal action plan

At tables of 4-6 people each, each person identifies a relevant and realistic action that he/she can take, and by when, in order to work toward the vision and according to the values. Actions might be derived from telling stories about “the best time that we …” or “my wish is that …” This approach is well developed in the emerging field of appreciative inquiry.

Step #3: Each person reports results of actions; all update vision and values

In the next meeting, at each table, each person reports the results of his/her actions, including progress toward the vision and any learnings that he/she gleaned. After each person has reported, a spokesperson for that table shares a summary of the actions and learnings with the entire group.

The group can use the same process used in Step #1 to update the vision and values based on the results of the actions and the associated learnings.

The group repeats steps 2-3 until the group agrees sufficient progress has been made toward the vision.

When Should Organic Strategic Planning Be Considered?

Organic strategic planning might be suited to your planning if one or more of the following is true:

  1. The vision for your organization and its stakeolders applies to a large group of people, and might take a very long time to achieve.
  2. The effort to achieve the vision might involve lots of very diverse people.
  3. The culture of the organization is quite averse to conducting orderly, sequential activities.
  4. The role of vision and values in your organization is extremely important.
  5. The culture of the organization highly values the working from the positive and telling of stories.
  6. If your organization expects funding from investors or donors, it has confidence that it can obtain that funding without presenting a conventional strategic plan document with goals and strategies.

The focus of the process needs to be on the interaction among stakeholders as much, or more, than on achieving certain, specific results.

What do you think?

Here’s many more resources about strategic planning.

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Carter McNamara, MBA, PhD – Authenticity Consulting, LLC – 800-971-2250
Read my weekly blogs: Boards, Consulting and OD, Nonprofits and Strategic Planning.

A is for Aliveness

An happy business professional

While reading Deepak Chopra’s book Creating Affluence: The A-Z Steps to a Richer Life, I thought it would be fun to write a series of blog posts using the same type of approach. Each week I’ll share the A-Z inspirations for bringing your spirituality to work. When I thought of what “A” would be many possibilities came to mind – authenticity, alignment and abundance were some great examples that I could use. However, I decided to go with aliveness.
A friend gave me a great card titled “How To Really Be Alive.” When I started reflecting on what being alive at work really means or looks like, it reminds me of the essence of what spirituality in the workplace is really all about: to be fully alive by bringing your whole self to work.
Here are some thoughts as to what an acronym for the word alive could be along with some lively descriptors in quotes from the card.

A = Accomplishment. For many of us feeling alive is related to the notion of accomplishment. Whether it is internal or external, the sense of working hard toward a meaningful goal and eventually accomplishing it is what helps us to “live juicy.”

L = Love. Love for someone or love of something usually brings us more meaning and helps us feel more alive. Yet how can we show our love for others at work? I showed in a training the other day a behind-the-scenes video of the world famous Pike’s Place Fish Market in Seattle. The owner of the store shared how he has the best crew since the 35 years he’s been there. It struck me that he actually used the words, “I love them and they love me.”

I = Infinity. The card challenges us to “believe in everything” because “the miracle is you.” When we can tap into our never-ending reservoir of belief the possibilities are endless.

V = Vitality. How can we bring more spirit, spunk, fervor and zest into our work? According to the card, we should “spin ourselves dizzy” or “hang upside down.” This high-energy approach to work is contagious, keeping us and our coworkers engaged!

E = Ecstatic. The card even describes ideas of how to be extremely happy. “Be ridiculous.” “Drink sunsets.” Or better yet, “keep toys in the bathtub!” When we are ecstatic with our work and co-workers we automatically increase our satisfaction level.

How do you come alive? If you had to pick which words brought you life at work, what would they be?

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For more resources, see our Library topic Spirituality in the Workplace.

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Mailbag: Comments From Our Readers

A mailbox

One of the nice things about writing a blog is getting comments. And now that the Free Management Library blogs are attracting more than 10,000 readers each week (wow!), we’re glad to hear what readers are thinking. Here are two particularly interesting recent comments:

On whether the “social” in social enterprise is redundant, Andy Horsnell wrote, quoting the book Mission Inc by Kevin Lynch and Julius Walls, Jr: “After all, a business cannot survive without meeting a social need, real or invented. One could craft an argument, no matter how hollow, that any enterprise is a social one: the NFL’s purpose is to provide an escape from everyday life; the fashion industry’s purpose is to create and celebrate beauty; the beer industry’s purpose is to help a guy take the edge off after a hard day. So, yes, if you really want to argue about it, every business has a social purpose. But we all know better than that. Some things really matter, and some things really don’t. Those things that matter are part of what we might call the common good, and everything else just isn’t. We would argue that the social purpose that is this target of any social enterprise must be squarely aligned with this concept of the common good.”

On social franchising, Adrian Aston wrote: “I’ve been active in social franchising since 1998 ‘over the pond’ here in the UK – we certainly seem to be a bit behind your thinking and stages of development in this field. I’m just finishing a thesis paper critically reviewing the tools available to social enterprises in the UK who are considering franchising as a growth strategy, but thought you might also be interested in some of my other writings on this subject to date to get a feel for ‘the British perspective’ –
http://thirdsectorexpert.blogspot.com/2010/03/franchising-social-enterprises.html

Keep sending in your comments. And if anyone wants to write a guest blog, just let me know.

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Copyright © 2010 Rolfe Larson Associates – Fifteenth Anniversary, 1995 – 2010
Author of Venture Forth! Endorsed by the late Paul Newman of Newman’s Own
Read my weekly blogs on Social Enterprise and Business Planning

Announcing The Ono Awards

A man holding the Ono award

Does this bird look familiar? If not, let me introduce you to “Ono the Ostrich,” the long-time official mascot of my Crisis Manager email newsletter.

Now, I’ve launched The Ono Awards to honor those whose public statements embody the image displayed by Ono. And the winner of the first Ono Award is…..here.

Readers are encouraged to recommend candidates for future awards!

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For more resources, see the Free Management Library topic: Crisis Management
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[Jonathan Bernstein is president of Bernstein Crisis Management, Inc. , an international crisis management consultancy, and author of Keeping the Wolves at Bay – Media Training.]