Posts Tagged ‘EMS’

How to Tell if a Trade Show Is a Black Hole?

Monday, August 16th, 2010

I’ve already admitted to having a nerdy love of trade shows.  The right trade shows, that is.  You know, the ones where potential customers show up with business cards proclaiming they have a big budget and a deep desire to spend it on your service within the week. The ones where the trade press elbow each other to get over your carpet line and into your booth to do a feature on your latest widget.

Well, it’s possible.  I’ve even seen it.  But how do you know what kind of results you’ll get before you commit to the show?  Electronics Midwest looks like a good show to me (Rosemont, IL, September 28-30).  The web site tells you everything you need to know about the actual show—schedules, conferences, exhibiting, workshops, events, floor plans, how to get there, where to stay.  This is all good.

But what if you’re thinking about being a first-time exhibitor?

The web site lists the types of equipment, systems, supplies and services attendees are looking for at the show.   But there are no demographics.  And nothing remotely like a BPA audit report or circulation statement that magazines have.

In defense of Electronics Midwest, I’ve never seen it for other trade shows either.  It costs a lot of money to gather that kind of info.

But it costs a lot of money to exhibit, too.  So I scouted around on the web site and saw a list of other companies that exhibit, which gives me an idea of who else thought this show was a worthwhile investment.  And the titles of the sessions help me out.  Who’s delivering papers is another clue.

None of it’s a substitute for really good info on attendees, though.

And, if it’s not being too demanding, I’d like to know who’s coming from the trade press, too.

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Experimenting Real-Time with Social Media

Tuesday, August 3rd, 2010

Okay, last week I blogged about blogging.  I am attempting to improve my social media skills and I’m crazy enough to blog about it real-time.  So here goes.

The first thing I decided was that I had to spend a lot more time just messing around online reading blogs in the EMS industry as well as in B2B marketing.  So I went on Google Blog Search and found some interesting-looking blogs.  And some not.  One blog had three entries in April and then no more.  I’m going to follow the viable blogs myself for awhile before I recommend them to you.

But I also found a couple marketing blogs that I thought were worthwhile, and I feel comfortable telling you they might be useful.  One is by Paul Dunay, Buzz Marketing for Technology, and another is by Augie Ray at Forrester.  I’m going to add them to my blogroll.  I’m sure there’s more.

Meanwhile, stay tuned.  I’m expanding my social media horizons.

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Social Media for Techno Peasants

Monday, July 26th, 2010

Last week I admitted to feeling pretty lame about social media marketing.  A lot of it has to do with the fact that the game is constantly changing.  And nobody likes to feel left behind by technology, which you most certainly will be unless you make a constant, concerted effort to keep up.

Exhibit A.  You will notice that I have one blog mentioned on my blogroll (look to your left).  And I don’t even call it a “blogroll,” I call it “important links.”  I know this is pathetic.  But I don’t want to recommend someone else’s blog unless it is completely relevant and consistently excellent.  Sure, I read more than one blog on a regular basis, but I’m not ready to recommend them.

Okay, there are some B2B marketing blogs that are virtually iconic.  Like Seth Godin’s, for example.  And I could add his blog to my list of one, but shouldn’t I be telling you something you don’t already know?  Shouldn’t I be adding some value with these endorsements?

So here’s the plan.  I’m going to widen the net I cast and identify more EMS industry bloggers.  That’s not too hard to do with Google Blog Search.

Then I’m going to check out the ones that interest me on Technorati which will give me some idea of how big and influential these blogs are.

Then I’ll read the ones that seem the most important and pay attention to things like what other social media the bloggers use, how often they post, what they say and who they are.

I’ll report back.  Meanwhile, any suggestions?

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Presto, Change-o Communication

Monday, June 7th, 2010

In times like these, EMS companies often have to make strategic changes to stay competitive.  In the midst of these changes, whatever they may be, employees can be resistant.  Because, like all humans, employees don’t like change.

Worse, trust in all corporations, by employees and everyone else, is at an all time low.  So executives leading the change are facing a doubly whammy—fear of change and distrust of management.

A recent Wall Street Journal article, “In With the New,” by Mitchell Lee Marks, says employee communication is the answer.  Okay now, everybody raise your hands if you’re thinking, “Well, duh.”  But the article goes on to specify communication that works best to effect change, and that isn’t always so evident.  Or if it is, it’s good to be reminded of what should be common sense.

For example, it’s a good idea to make communication two-way.  It should be more than a top-down diatribe.  Yes, management must make clear what changes will take place and the reasons for them.  But employees need to communicate too.  They’ll have questions, They’ll have complaints.  They’ll have misgivings.  Or maybe they’ll just want to vent.  Management needs to provide a safe way for employees to do so.  By “safe,” I mean a way to vent so their comments won’t be held against them later.

Also, communication must absolutely be honest, without corporate-speak.  This can be harder than it seems.  Sometimes there’s a tendency to soften the blow by predicting rosier outcomes as a result of the change.  Or by minimizing the pain that will be required to make the change.  Or by obfuscating the message with highfalutin words that don’t make your meaning clear, but have long been accepted in the C-suite (i.e., corporate-speak).  There are plenty of ways to avoid being completely honest.  Resist them.

Inviting employees to enter into an honest conversation about new directions your company is taking works like magic.  Employees need to understand the business reasons for the change.  They need the opportunity to let go of their old ways of thinking, often by talking through their concerns.  When that happens—presto, change-o—the whole change process becomes smoother.

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EMS Outsourcing and Trust

Tuesday, May 25th, 2010

Circuits Assembly recently had a couple blogs with some interesting topics:

1)  Nokia is outsourcing again after a year of pulling the work in-house.  This can only be good news for our business.

2)  Some opine that it’s best to manufacture electronic products in the region into which the product will be sold.

And what about outsourcing in the region in which electronic products will be manufactured?  Isn’t that a good idea?

With all the talk about globalization, do things just come down to the fact that people like to do business with their neighbor?  Is there some kind of comfort level we have when we deal with people in our own region?  Is there greater trust?

Because, in fact, trust is everything when you’re doing business.  Recently some financial and petroleum companies, among others, have seen trust in them erode.  It would be interesting to determine how lack of trust has affected their bottom lines on a case-by-case basis.  Because surely it has to some degree.  I’d like to see how much.

Then we could quantify the importance of trust and reputation.  And then we’d have an idea of the value of maintaining that reputation.  Which would make all of us in PR breathe easier.

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Taking a Dip into Blue Oceans

Monday, April 19th, 2010

Here’s some timeless wisdom from an old source, Henry David Thoreau:  “How many a man has dated a new era in his life from the reading of a book.”

Blue Ocean Strategy, by W. Chan Kim and Renee Mauborgne, is such a mind-changing book.  Basically, its authors get you to take a look at your business’ competition in a completely new way.  They challenge you to re-think standard concepts of market share and differentiation while creating profitable, sustainable growth.  How?  By finding “blue oceans” of new market space (red oceans are ever shrinking as the sharks fight over a smaller and smaller market).

I think it’s a particularly tall order to find blue ocean in the EMS space, where QCircuits is, and where there’s competition all over the place.  But Blue Ocean Strategy gives readers a systematic way to explore the possibilities of uncontested market space.  Whether you’ll find it within your industry is another question.

It’s worth taking a look because it’s a whole lot easier to operate without head-to-head competition.  And it’s significantly easier to grow your profits in a competition-free environment.

The book discusses six basic principles to help readers create and execute blue ocean strategies, and they are guaranteed to make you open your mind to new ideas.  The six principles are about how to:

  • recreate markets,
  • focus on the big picture,
  • reach beyond existing demand,
  • formulate a strategy that works,
  • overcome organizational hurdles and
  • execute successfully.

As a marketing book, it’s reasonably mind-bending, with a very inviting premise to swim in a shark-free ocean.  Come on in, the water’s fine.

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New and Improved! It’s Not the Same Old Internet Anymore

Monday, February 22nd, 2010

It must be the winter doldrums.  The headlines in BtoB magazine all seem versions of the same ones I’ve read before:

Yes, the Direct Marketing Association aims to be more responsive;

Yes, companies are saving money by cutting TV advertising;

Yes, B2B marketers are trying to grab market share during a recession.

But there’s one thing very different.  And that is that new media is involved in most of the articles.

Now normally, I would be unphased by an additional medium.  When the Internet first came on the scene, I urged integration with other media.  And I counseled that it was just another venue for our messages, only this one was two-way.  For a while that was true.

But now it’s really so much more.  Now, I believe, it’s important to adjust our fundamental thinking on the subject.  We need to think beyond integration—which is still critical—to inbound and outbound marketing.

When you think of the Internet, which is still just a part of your overall marketing efforts, you think of messages coming and going in all directions.  You probably don’t even send one cohesive message outbound anymore.  It’s becoming impossibly complex.

Luckily there is marketing software to track all these comings and goings.  Luckily, there are ways to demonstrate ROI, something I have harped on forever.  Luckily, we can all learn and change.  It’s increasingly apparent that learning about new ways to send and receive messages via the Internet will be a permanent, ongoing process.

So anytime you are lulled into thinking there’s nothing new in this world of marketing, think again.  The last time there was something this new, Gutenberg was setting hot type.

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Buzz, Big Brother and B2B: Will there be a thunderstorm?

Monday, February 15th, 2010

When I first heard about the new Google Buzz, I thought, Gads!  How am I ever going to stay on top of social media that change faster than chocolate disappears from my pantry?  And, gads again, do I have to learn how to use yet another thingy so I can get the QCircuit word out where it ought to be?

But no.  It turns out Google Buzz (gotta love the Buzz name—and remember, we were EMS Buzz first!) makes it easy.  If you’re on Linked In, Facebook or Twitter, you know it takes time to build up a following.  But Google Buzz just accesses all the aggregate info about you in the great Cloud in the sky to link you up with people you’re already connected with.

You can share links, photos, videos, send messages and comment on postings just like other social media, but Google Buzz takes things a step further.  According to a recent Christian Science Monitor article, “Google Buzz’s algorithms are constantly analyzing users’ preferences—what they like and dislike, what their friends are sharing, and who they’re interacting with.  If a bunch of your friends are passing around a link or talking to a person, Buzz will shoot you a recommendation.”

So if you use Google Buzz for PR purposes, you could get your message to a selected target group fairly quickly and easily.  Boggles the mind.  Or maybe it Googles the mind, with Google privy to your thoughts seemingly before you think them.

Yes, there are privacy controls, but I still think things are getting creepy.  I guess it’s too late for that, since everybody knows, as of this post, that I’m a chocoholic.  My deepest thoughts are collecting in a Cloud even as I strike these keys.  But I can’t help thinking we’re in for a doozy of a thunderstorm.

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B2B Brands, Take a Lesson from China

Monday, February 1st, 2010

I have been following the Google China news with fascination.  There are really a number of significant aspects to the story, but I’ll focus on one for now. That is the concept of control.

Think of China as a brand.  Think of Google as a medium for disseminating information, and all its customers in China as stakeholders.  This shouldn’t be hard, as I am stating the obvious.

The point is, China is trying to control what its customers (the Chinese people) see through the media.  They have demanded that Google comply with their censorship rules (something I believe Google agreed to, somewhat reluctantly, as the cost of breaking into the huge and promising market in China).  Worse, and the source of the latest flap, China employed very sophisticated technology to hack into Google e-mails in an attempt to thwart content they deemed subversive or pornographic.

Google, recovering some integrity, (remember, they agreed to censorship) threatened to pull out of the country.  But the customers, the Chinese people, desperately want Google to remain, to the point where they are laying flowers on the Google sign outside the company’s headquarters in Beijing.  Poignant, really.

What’s the lesson for EMS companies and other B2B brands?  You cannot, repeat, cannot, control what your stakeholders see or hear any more even if you don’t like what it is.  The Internet, social media, instantaneous news and our way of life in the 21st century simply preclude the concept of control.  China is like brands of yore, sending out carefully crafted messages to the marketplace through tightly controlled channels.

That kind of marketing is now really over.  We must recognize and embrace the messages our customers are sending us.  We must engage in the conversation.

If people are going to blog unhappy things about your brand, learn from it.  But don’t try to stop it.  Because surely it’s a losing battle, even for a powerhouse like China, to try and keep the lid on any longer.I have been following the Google China news with fascination.  There are really a number of significant aspects to the story, but I’ll focus on one for now. That is the concept of control.

Think of China as a brand.  Think of Google as a medium for disseminating information, and all its customers in China as stakeholders.  This shouldn’t be hard, as I am stating the obvious.

The point is, China is trying to control what its customers (the Chinese people) see through the media.  They have demanded that Google comply with their censorship rules (something I believe Google agreed to, somewhat reluctantly, as the cost of breaking into the huge and promising market in China).  Worse, and the source of the latest flap, China employed very sophisticated technology to hack into Google e-mails in an attempt to thwart content they deemed subversive or pornographic.

Google, recovering some integrity, (remember, they agreed to censorship) threatened to pull out of the country.  But the customers, the Chinese people, desperately want Google to remain, to the point where they are laying flowers on the Google sign outside the company’s headquarters in Beijing.  Poignant, really.

What’s the lesson for B2B brands?  You cannot, repeat, cannot, control what your stakeholders see or hear any more even if you don’t like what it is.  The Internet, social media, instantaneous news and our way of life in the 21st century simply preclude the concept of control.  China is like brands of yore, sending out carefully crafted messages to the marketplace through tightly controlled channels.

That kind of marketing is now really over.  We must recognize and embrace the messages our customers are sending us.  We must engage in the conversation.

If people are going to blog unhappy things about your brand, learn from it.  But don’t try to stop it.  Because surely it’s a losing battle, even for a powerhouse like China, to try and keep the lid on any longer.

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Boost in Chicago Business

Friday, January 15th, 2010

I have just begun blogging about the EMS industry from a marketing standpoint.  (This is my second post.)  So general predictions about the economy are not my bailiwick.  But I couldn’t help notice some really encouraging signs, not the least among them is the Chicago PMI (Purchasing Managers Index).  According to the Wall Street Journal’s Market Watch on the penultimate day of 2009, there is good news:

Businesses in the Chicago region were expanding in December at their most rapid pace since January 2006, based on data from the Chicago PMI.

The business activity index rose to a higher-than-expected 60.0 percent from 56.1 percent in November.  The index had fallen to as low as 31.4 percent in January.

Is it time to let out a sigh of relief yet?

Not according to Nobel Prize winning economist Paul Krugman, who, in a recent New York Times column, warned that our economy is fragile. He says that upticks in the economy are often caused by an “inventory bounce.”  That is, when the economy slumps, companies find themselves with too much inventory.  When that’s finally depleted, they increase production, thus causing a bump that can often be a one-time bump.

But it’s a new year and a new decade, and right now, the Chicago area is enjoying a bit of a boost.  I’ll take it anyway we can get it.

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