I don’t like reinventing the wheel, so for months now, I’ve been trying to reconcile everything I know about traditional business (think Peter Drucker and the Harvard Business Review) with all the seductive ideas I’ve been learning from the Lean Startup movement (and I’ll admit I am simultaneously attracted to, and wary of, those ideas). Some instinct led me to focus on a single word: positioning.
It seemed to be the key word, and I think my instincts were correct. I’ve concluded that positioning, defined in a 7-dimensional way, is the single most important word in business. So what is positioning? It is a generalization of the idea of product-market fit. It is the controlled, but not deterministic, crossing of a threshold beyond which the business suddenly seems to come alive and “work.” The emotion changes from depressed to excited. The energy changes from languid to explosive. The rhythms change from weak and uncertain to harmonious, vigorous and steady. Positioning happens when a business has an “Aha!” moment, and discovers identity, profitability and sustainability. The business has found its groove and tempo (the business word for tempo is clockspeed) Positioning involves throwing seven firing switches from “Off” to “On” position and all 7 cylinders firing steadily enough that anyone in the business can take a real vacation without everything going to hell. [Read more…]