Basel II Weaknesses

Basel 2 lebih memfokuskan kepada pilar 1, yaitu minimum capital requirement (walaupun telah banyak berubah dibandingkan basel 1), sedangkan pilar ke 2 dan pilar ke 3 bertujuan untuk menjaga tercapainya minimum capital requirement.
Semakin ditinggikannya capital requirement suatu bank dan perhitungan resiko-resiko yang semakin diperketat dapat mengakibatkan pengurangan pada sektor industri tertentu. Dengan berkurangnya aliran dana pada sektor tersebut, maka perkembangan sektor tersebut akan semakin tersendat atau bahkan terhenti.


Dari segi perhitungan operational risk terdapat 2 faktor yang tidak tercakup, reputation risk dan strategic risk. Seperti yang kita ketahui bersama, reputasi merupakan salah satu faktor yang sangat berperan dalam industri perbankan, dimana kegiatan perbankan seluruhnya berbasis kepercayaan. Pada kenyataannya, operational risk suatu bank tidak hanya seperti yang disebutkan pada basel 2 saja. Namun sekali lagi terdapat kesulitan dalam pembuatan model perhitungan yang disebabkan karena banyaknya faktor yang tidak menentu.
Walaupun telah mengalami perkembangan yang cukup signifikan dari basel 1 hingga basel 2, namun belum ditemukan model untuk menghitung kedua risk tersebut.
Dalam perhitungan operational risk, perusahaan diperbolehkan memilih antara:
1. Basic Indicator approach
2. Standardised approach
3. AMA
Dalam standardised approach, bisnis perbankan dibagi menjadi 8 lini, yaitu corporate finance, trading & sales, retail banking, commercial banking, payment & settlement, agency services, asset management, and retail brokerage. Dan pada proses perhitungannya, Basel 2 telah menentukan beta dari masing-masing lini, yaitu

Business Lines Beta Factors %
Corporate finance (β1) 18
Trading and sales (β2) 18
Retail banking (β3) 12
Commercial banking (β4) 15
Payment and settlement (β5) 18
Agency services (β6) 15
Asset management (β7) 12
Retail brokerage (β8) 12

Dalam dokumen basel 2, disebutkan bahwa beta adalah “a fixed percentage, set by the Committee, relating the level of required capital to the level of the gross income for each of the eight business lines.” Dengan kata lain, Committee telah menentukan capital yang dibutuhkan pada masing-masing lini. Namun pada kenyataannya, beta tersebut tidak dapat disamakan untuk setiap negara. Seharusnya setiap negara memiliki beta yang berbeda-beda untuk masing-masing lini.

Demikian pula pada penentuan rating dari suatu kredit, sebaiknya tidak bersifat statis saja, namun dinamis sesuai dengan perubahan yang ada. Dalam beberapa periode tertentu, rating dan resiko suatu kredit akan berubah-ubah. Kesalahan dalam menanggapi hal tersebut merupakan salah satu penyebab krisis di Amerika baru-baru ini.

Weakness berikutnya adalah pada pilar ke 3, yaitu mengenai market discipline. Di satu sisi, kebijakan tersebut dapat membuat perusahaan semakin aware terhadap manajemen resiko. Namun di sisi lain, transparansi perbankan mengenai CAR, equity, dan sebagainya dapat dengan segera mengubah image masyarakat terhadap bank tersebut, yang akhirnya berdampak pada reputasi bank yang bersangkutan. Namun sekali lagi, reputation risk merupakan resiko yang tidak termodelkan pada basel 2 sehingga dapat memberikan dampak negatif yang diluar perkiraan.

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Basel II

Berikut adalah full document untuk basel II

download here


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Mayo|GarudaFood

Baru-baru ini GarudaFood meluncurkan produk barunya yang bernama mayo. Sesuai dengan domain perusahaan, GarudaFood memproduksi makanan dan minuman. Dengan kata lain, line extension yang dilakukan tidak bertentangan dengan brand GarudaFood.

Apabila Anda melihat kemasan produk mayo yang berukuran 600 ml tersebut, Anda akan melihat bahwa tagline mayo dalam ke package adalah "Air minum dalam kemasan". Produk mayo dikemas dengan botol putih transparan dan di tempel dengan stiker transparan. Di kemasan tersebut tercantum penjelasan, yaitu :

"Mayo adalah air minum dalam kemasan yang diolah dengan menggunakan proses ozonisasi dan micro filtrasi sehingga dihasilkan air minum yang berkualitas"

Juga tertera dalam packaging bahwa air mayo diambil dari sumber mata air pilihan.
Terdapat suatu detail yang cukup mengejutkan ketika melihat package produk tersebut adalah, label (stiker) yang tidak teratur (digunting secara tidak rapi)

Ketika saya melihat dari kejauhan, saya mendapatkan image awal bahwa produk tersebut mahal. Namun ternyata tidak. Produk tersebut dijual dengan harga Rp 2.000,00.

Berdasarkan keterangan diatas, terdapat beberapa kelemahan mayo, yaitu:

1. Tagline yang sangat general.Kata "Air minum" menurut saya pribadi sama sekali tidak menunjukkan produk mayo. Mungkin seharusnya yang ditulis adalah "Air Mineral". Namun tagline tersebut juga belum begitu kuat (tidak menimbulkan diferensiasi)

2. Dikatakan bahwa air mayo diambil dari sumber mata air pilihan. Tentu saja. Tidak mungkin sumber mata air untuk produk air mineral tidak dipilih oleh produsennya. Dengan kata lain, tidak ada diferensiasi dengan kompetitor.

3. Apabila mayo mengklaim bahwa mayo menggunakan ozonasi sehingga menciptakan air minum yang berkualitas, maka sebenarnya Aqua sudah mengklaim hal tersebut. Proses ozonasi bukanlah suatu yang baru dalam industri air mineral.

4. Label yang tidak rapi (berantakan sekali)... Label tersebut menurut saya dikerjakan secara manual (tidak menggunakan mesin). Kepada GarudaFood, sebaiknya diupayakan agar kesalahan ini segera diperbaiki. Alasannya adalah karena dalam label mayo, juga tertera logo GarudaFood.

5. Saya, sebagai konsumen, pada awalnya mendapat gambaran bahwa mayo adalah produk yang premium / mahal. Hal tersebut menandakan bahwa image premium yang dihasilkan cukup kuat(untuk saya). Hal tersebut pada dasarnya menunjukkan bahwa saya mulanya bersedia untuk membayar dengan harga yang cukup mahal untuk produk tersebut. Namun ternyata harga yang ditetapkan tidak tinggi. Hal tersebut menandakan bahwa terdapat kerugian akibat tidak dapat menangkap willingnes to pay konsumen.


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Divergence|Success of Branding

Telah disebutkan dalam postingan sebelumnya bahwa saya pribadi lebih percaya pada konsep divergence dibandingkan dengan convergence. Saya percaya bahwa ke depannya, kategori akan semakin terbagi sehingga menambah pilihan konsumen. Paham ini saya anut dari Al Ries dan Jack Trout yang tertulis di berbagai buku mereka.

Kali ini, saya akan menyajikan artikel langsung yang berasal dari http://ries.com



Forget evolution. It's divergence that drives branding success.
By Al Ries for Ad Age.com : 10/2005


Why are General Motors and Ford in trouble? Why did Delta, Northwest, US Airways and United Airlines go bankrupt? Why were Coca-Cola C2 and Pepsi Edge such notable failures?

One answer might be ?divergence.? Over time, every category breaks up into multiple categories, creating chaos for companies that try to keep their brands in the mainstream of the market.

Divergence is the least understood, most powerful force in the universe. In his book, The Origin of Species, Charles Darwin called divergence the driving force that creates a new species.

In our book, The Origin of Brands, we use Darwin?s concept to describe the process that takes place in the creation of a new category. What starts off as a single category (the mainframe computer, for example) winds up as multiple categories: mainframes, mid-range, desktops, laptops, handhelds, servers, etc.

Each of these developing categories represents an opportunity to build a new brand. Digital, Compaq, Dell and Palm, for example.

There are two forces at work in nature, according to Darwin. One is a gradual change

from an ancestral to a current condition.

(A process biologists call ?anagenesis.?)

The other is divergence, a splitting

of the ancestral tree to create new branches.

(Biologists call this ?cladogenesis.?)

Anagenesis produces strawberries the

size of plums. It just won?t turn a strawberry

into a plum. It takes cladogenesis or divergence to do that.

Darwin called the first force ?natural selection,? or the survival of the fittest. The competition between individuals improves the species.

Two hundred years ago, the average American adult male was 5 feet 7 inches tall. Today the average American adult male is 5 feet 9 inches tall. That?s evolution at work.

The second force of nature is the principle of ?divergence.? Random changes
or mutations create an incipient new species and then the competition between species drives them apart.

The first portable computer, introduced in 1982 by Compaq Computer, weighed 18 pounds. Essentially a slimmed-down desktop with a handle, the product was called a ?luggable? computer by many users.

Compare today?s desktop with today?s portable computer (now called a laptop.) On my desk is a Dell computer (29 pounds), a Sony monitor (17 pounds) and a Microsoft keyboard and mouse (3.5 pounds). Total weight: 49.5 pounds.

On the road, however, I carry a Toshiba Protege which weighs just 4.5 pounds. No longer can you put a handle on a desktop computer and call it a ?portable.?
The portable or laptop computer has diverged from the desktop computer.

The process never stops. Today the laptop category is in the process of dividing into full-featured machines that weigh 6 to 8 pounds and ultra-light machines that weigh 3 to 4 pounds.

If you?re in the laptop computer business, your instincts might lead you in the opposite direction. If you think of ?the? customer as a single identity, you might try to satisfy the customer?s every wish.

As a result, you might decide that your laptop computer needs to be a compromise. As full featured as possible and as light as possible. In other words, you would put your product right in the middle of the market where there is no market.

In Darwin?s words, ?nature favors the extremes.? The ?sweet spot? of a market is an illusion that soon gives way to multiple sweet spots. So which spot do you want your brand to occupy?

Darwin writes about a human example of the pressure that nature exerts on species to diverge. ?As with mariners shipwrecked near a coast, it would have been better for the good swimmers if they had been able to swim still further, whereas it would have been better for the bad swimmers if they had not been able to swim at all and had stuck to the wreck.?

If sailors were a species, given enough time and enough shipwrecks, there would eventually be two species of sailors: swimmers and non-swimmers. Again, the mushy middle is the place to avoid.

Look at department stores. Wal-Mart and Target are doing well at the low end
and Saks Fifth Avenue, Neiman Marcus and Nordstrom are doing well at the high end. It?s Sears and JC Penney that are caught in the mushy middle.

In groceries, Wal-Mart has become the leading chain at the low end while Whole Foods is rolling along at the high end. It?s the supermarket chains in the middle that are having problems. Kroger, the largest pure grocery chain, lost $100 million last year while Whole Foods made $137 million.

In automobiles, low-priced brands like Hyundai, Mazda and Kia are doing great and so are high-priced brands like Lexus, Mercedes-Benz and BMW. General Motors and Ford with their mid-priced brands are slowly getting crushed. (Hyundai, Mazda and Kia sold 838,405 vehicles in the U.S. last year.)

In air travel, no-frills airlines like Southwest, Airtran and JetBlue are flying high along with NetJets and the corporate jet market at the high end. It?s the traditional airlines like American, United and Delta that are suffering in the mushy middle.

In carbonated beverages, Coca-Cola (150 calories) and diet Coke (0 calories) are big successes while its half-and-half brand C2 (75 calories) has gone nowhere.

If you want your company to live a long and happy life, it?s not enough to ?evolve? your brands to keep up with competition. You also need to look for opportunities to launch new brands to take advantage of diverging categories.

Toyota responded to the pressure to diverge by introducing Lexus, a high-end brand which has become the largest-selling luxury car in America. Dell is doing the same thing. An enormous success at the low end of the computer market, Dell just announced its XPS brand, a line of desktop and laptop computers to be marketed as luxury models.

In the world of business, you need to practice divergence as well as evolution.

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Essential Skills for Marketing Manager

List skill dan pengetahuan ini diambil dari buku According to Kotler. Tujuannya adalah untuk memberikan arahan bagi mereka yang ingin memulai karier dalam bidang marketing dan ingin menjadi manager marketing dari suatu perusahaan.

Skill dan informasi yang dibutuhkan adalah sebagai berikut:
1. Market research
2. Negotiation
3. Pricing
4. Product Development
5. Communication
6. Managing Sales Force
7. Distribution
8. Analisa laporan keuangan dan valuasi bisnis
9. Media placement, advertising dan PR
10. Matematika dan statistik yang kuat ( untuk forecasting, dan sebagainya)
11. Berpikir kreatif

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Kasus Bank Summa

PT Astra International Tbk merupakan salah satu kelompok bisnis terbesar di Indonesia, yang didirikan sejak tanggal 20 Februari 1957 oleh William Soeryadjaya. Perusahaan ini telah tercatat di Bursa Efek Jakarta sejak tanggal 4 April 1990. Saat itu William Soeryadjaya sempat menjadi orang terkaya nomor 2 di Indonesia. Namun kejayaan William Soeryadjaya tidak berlangsung lama. Hal ini disebabkan oleh kejatuhan Bank Summa yang dimiliki oleh putra sulungnya, Edward Soeryadjaya, yang berniat "membalap" sang ayah.

Edward mulai dengan mendirikan Summa Internasional Bank Ltd. tahun 1979 di Port Vila, Vanuatu, dengan modal 25 juta dollar AS. Setahun kemudian ia membidik HongKong, dan dari sana Edward melanglang ke Jerman. Tiga tahun kemudian, Edward berpatungan dengan pengusaha HongKong melebarkan sayapnya ke Indonesia, dengan mendirikan Summa International Finance Co. Ltd. (kemudian menjadi Indover Summa Finance, usaha patungan dengan anak perusahaan Bank Indonesia, Indover). Bisnis Edward maju pesat. Ia memborong saham sejumlah perusahaan besar, seperti Bank Asia, yang kemudian namanya menjadi Bank Summa. Selain itu, ia ikut memiliki Bandung Indah Plaza, Hotel Mirama (Surabaya), Hotel Sabang (Jakarta), dan berbagai macam bisnis properti dan keuangan. Edward juga dikenal "murah hati" karena memodali bisnis teman-temannya.

Bank Summa mengalami musibah karena kreditnya yang sebagian besar disalurkan kepada grup perusahaan sendiri ( Summa Grup ) ternyata macet, karena proyek-proyek yang dibiayainya gagal. Summa merugi Rp 591 miliar. Dari Rp 1,5 triliun total kredit yang disalurkannya, Rp 1 triliun di antaranya macet.
Pada tahun 1990 pemerintah memberlakukan kebijakan uang ketat yang mengakibatkan Bank Summa semakin mengalami kesulitan likuiditas. Tidak lama setelah adanya kebijakan tersebut, dikabarkan Bank Summa benar-benar mengalami krisis keuangan yang hanya bisa diatasi dengan suntikan dana segar. Tapi Williem Soeryadjaya tidak melakukannya. Dia mengirimkan pasukan penyelamat dari Astra, perusahaan miliknya. tetapi Bank Summa tetap merana. Pada Juni 1992, Williem mengambil alih 100 persen saham Bank Summa.

Kesehatan Bank Summa tetap memburuk meskipun beberapa bank telah memberikan bantuan pinjaman. Hal ini dikarenakan jumlah utang yang terlalu banyak, ditaksir mencapai Rp 1,7 triliun. William pun melakukan beberapa upaya penyelamatan dengan menjaminkan seratus juta lembar saham Astra Internasional senilai sekitar Rp 1 triliun, meminta jasa Mu’min Ali dari Bank Panin untuk memberikan konsultasi manajemen, meminta bantuan dana dari pemerintah dan juga menandatangani kontrak penyelamatan dengan 30 pengusaha dari group Prasetya Mulya. Tetapi semua dana tersebut juga tidak dapat menutupi hutangnya.

Vonis pun jatuh pada tanggal 14 Desember 1992, Bank Summa dilikuidasi pemerintah berdasarkan UU Perbankan 1992. Pada saat dilikuidasi, aset Bank Summa hanya tinggal Rp 700 miliar dari jumlah semula Rp 1,9 triliun Akhir dari krisis Bank Summa, William harus rela melepaskan sebagian besar sahamnya di PT Astra Internasional yang berjumlah 100 juta lembar. Lalu dibentuklah tim likuidasi oleh BI. Tim itu butuh waktu lebih dari dua tahun untuk mengembalikan uang nasabah. Tim tersebut menentukan prioritas mana dari kewajiban Summa yang harus segera diselesaikan. Rupanya, pajak pemerintah menjadi prioritas pertama. Baru kemudian pesangon karyawan dan para kreditur. Ternyata, kreditur kecil yang punya uang di Summa sekitar Rp 10 juta, termasuk prioritas paling bawah, padahal jumlah mereka sekitar 9000 orang. Itu pun masih pakai syarat: jika aset Summa terjual hanya 50 persen, maka nasabah kecil itu hanya akan dibayar 50 persen dari deposito atau tabungannya.
Banyak pihak yang dikabarkan akan membeli aset Summa. Di antaranya penyanyi pop Rinto Harahap yang "maju" dengan bendera grupnya Siti Hardijanti Rukmana alias Mbak Tutut. Tapi Rinto belakangan urung membeli Summa. Berbagai pihak yang juga mendekati Summa tak kunjung membuahkan hasil.

Dari hasil pelacakan TLBS, ditemukan jumlah tagihan Bank Summa sebesar Rp 1,646 triliun dan kewajibannya sebesar Rp 1,455 trilyun. Sebelum dilakukan pencabutan izin, Bank Summa telah melunasi utangnya kepada 166.378 penabung yang mempunyai simpanan di bawah Rp 10 juta. Untuk melakukan pembayaran tersebut, TLBS meminta bantuan dana dari konsorsium 13 bank nasional, sebesar Rp 131 milyar. Kemudian untuk menjamin pengembalian utang Bank Summa, William Soeryadjaya telah memberikan jaminan pribadi yang didukung 31 aset Grup Summa.

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Pakto 1988 dan Dampaknya Terhadap Perekonomian

Pemerintah bersama BI melangkah lebih lanjut dalam deregulasi perbankan dengan mengeluarkan Paket Kebijakan 27 Oktober 1988 (Pakto 88) yang menjadi titik balik dari berbagai kebijakan penertiban perbankan 1971-1972. Pakto 88 adalah aturan paling liberal sepanjang sejarah Republik Indonesia di bidang perbankan. Pemberian izin usaha bank baru yang telah diberhentikan sejak tahun 1971 dibuka kembali oleh Pakto 88.

Hanya dengan modal Rp 10 milyar maka seorang pengusaha bisa membuka bank baru. Dan kepada bank-bank asing lama dan yang baru masuk pun diijinkan membuka cabangnya di enam kota. Bahkan bentuk patungan antar bank asing dengan bank swasta nasional diijinkan.Reserve requirement bank lokal dari 15% menjadi 2%. Kebijakan Pakto tersebut menyebabkan peningkatan uang yang beredar di pasar.
Pakto 88 memberikan kemudahan untuk mendirikan bank swasta baru, memberikan izin bagi perusahaan asing untuk beroperasi di luar Jakarta, memberikan kemudahan bagi bank sehat untuk ekspansi (dengan cara memberikan kredit). Dengan kata lain, kebijakan Pakto 1988 merupakan kebijakan agresif untuk ekspansi.
Dengan berbagai kemudahan Pakto 88, jumlah bank komersial naik 50 persen dari 111 bank pada Maret 1989 menjadi 176 bank pada Maret 1991. Banyaknya jumlah bank membuat kompetisi pencarian tenaga kerja, mobilisasi dana deposito dan tabungan juga semakin kompetitif.

Perusahaan yang diberikan kredit pun memiliki kesempatan untuk berkembang secara agresif. Pertumbuhan agresif perusahaan perusahaan di Indonesia menyebabkan tingginya pertumbuhan ekonomi Indonesia setelah tahun 1988.



Penyebabnya, walaupun uang yang beredar di masyarakat tinggi, namun sebagian besar digunakan untuk perusahaan. Dapat dilihat dari tingkat inflasi pada tahun-tahun tersebut yang relative lebih terkendali dibandingkan tahun-tahun sebelumnya.


Hal tersebut menandakan bahwa perusahaanlah yang memutar roda perekonomian.
Pertimbangan pemerintah adalah tahun 1988 dijadikan tahun untuk ekspansi dan tahun 1991 – 1994 untuk menguatkan perbankan Indonesia. Namun kebijakan yang terlalu bebas tersebut menyebabkan banyak pihak yang dirugikan karena tidak profesionalnya bank ( terutama dalam memberikan pinjaman kredit).

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Are You a Left Brainer or a Right Brainer?

By Al Ries for Ad Age.com : 2/2009

Marketing Success Comes From the Right

Your brain is divided into two completely separate hemispheres. Each hemisphere processes information differently. Your left hemisphere processes information in series. It thinks in language. It works linearly and methodically. Your right hemisphere processes information in parallel. It thinks in mental images. It "sees" the big picture.


One side of your brain or the other is dominant. In itself, that should not be surprising, since it's consistent with another well-known human trait: Some people are left-handed and some people are right-handed. In a similar fashion, some people are left brainers and some people are right brainers.

What are you?

If you're the CEO of a major corporation, chances are good you are a left brainer. Before you make a decision, you want to be supported by facts, figures, market data, consumer research. It couldn't be otherwise in a world where the ultimate measurement is the stock price and the bottom line.

If you have a job in marketing, chances are good you are a right brainer. You often make decisions by gut instinct, with little or no supporting evidence. It couldn't be otherwise in a creative discipline like marketing.

Verbal vs. visual
Another striking difference: Left brainers have a strong preference for verbal thinking, while right brainers favor visual thinking. When a management type makes a speech, he or she usually stands behind a podium and reads a script or the words on a teleprompter (or uses PowerPoint slides with nothing but words). When a marketing type makes a speech, he or she usually stands in front of a screen and makes a presentation using dozens of visuals.

Because they are verbally oriented, left-brain people are usually good talkers. Salespeople, for example, are often exceptionally good talkers but notoriously bad at the paperwork or writing part of their jobs.

Right-brain people are usually good writers. Why? Because arranging words on a page is as much a visual challenge as it is a verbal one. In letters and e-mails, for example, right brainers will often arrange the words so that each line contains a complete thought.

Having met many of the creative luminaries of the "Mad Men" era, I was amazed at the time how conspicuously "nonverbal" most of them were in ordinary conversation -- David Ogilvy in particular. As Ken Roman writes in his book "The King of Madison Avenue," "In conversation, if he agreed, he would nod. If he disagreed, nothing. But he'd go back to his office and write a memo -- often fierce, sometimes vicious. Ferocious in writing, he tended to be cowardly in person."

Managers vs. entrepreneurs
Most managers in America are verbally oriented left brainers. Why is this so? Because of the way people move up the ladder in the corporate world. The general principle is: You don't get promoted, you get elected.

Management is like politics. Your fellow workers determine whom they would like to work for. A left brainer is an extrovert, particularly good at schmoozing with people. A right brainer is an introvert, totally outclassed when it comes to office politics. As companies get older and bigger, their upper levels tend to be staffed almost exclusively with left brainers. As a result, the innovators (primarily right brainers) tend to leave or get pushed out.

What saves the situation, as far as the economy is concerned, is entrepreneurs such as Bill Gates, Steve Jobs, Michael Dell, Herb Kelleher and dozens of others. Entrepreneurs are invariably right brainers who often turn out to be exceptionally good marketing thinkers, too.

Take Steve Jobs, who at one time was fired from Apple. Jobs is a classic right brainer with a intense focus on a product's visual appearance and a disdain for the consumer's opinion. "Steve Jobs doesn't do market research," said venture capitalist and former Apple employee Guy Kawasaki. "Market research for Steve Jobs is the right hemisphere talks to the left hemisphere."

"People don't know what they want," Jobs once said, "until you show it to them."

Once again, what are you? While it would be nice to think you could operate both sides of your brain with equal facility, the facts suggest otherwise.


Ambidexterity vs. 'ambibrainerity'
Take ambidexterity, a condition that is extremely rare. Most people who are thought to be ambidextrous (switch hitters in baseball, for example) are really left-handers who, with a great deal of practice, have taught themselves right-handed skills, or vice versa.

"Ambibrainerity" is also extremely rare. While you can learn to exercise the less-favored half of your brain, working both sides equally is almost impossible. Depending on how you were born, you are going to have to live your life as either a left brainer or a right brainer.

Everyone knows whether they are left-handed or right-handed, but most people have no idea which side of their brain they favor.

Certainty vs. uncertainty
Logical, left-brain leaders often have supreme confidence in their ability to predict the future. Did you know, for example, that all print media, including Advertising Age, are going to be obsolete in just eight years? At least that's what Microsoft CEO Steve Ballmer predicted in 2007.

"Within 10 years, the consumption of anything we think of as media today, whether it is print, TV or the internet, will in fact be delivered over IP and will be digital," Mr. Ballmer said. "Everything will be delivered digitally. Everything you read, you'll read on a screen."

As I remember, radio was going to make newspapers and magazines obsolete. TV was going to make radio obsolete. And now the internet is going to make everything obsolete? We'll see.

Certainty is the mark of a left brainer, whereas holistic right brainers are never quite sure.

I'm not suggesting a right-brain takeover of corporate America. Frankly, business needs both: logical, analytical left brainers to manage the business and intuitive, holistic right brainers to create the new ideas and concepts that will insure future success.

That means we need more diversity in the boardroom -- not just in gender and race but also in a better balance of left brainers and right brainers.

Reality vs. perception
Management deals in facts and figures, an analytical approach to a problem. Getting to the bottom of the situation is the goal. In short, management deals in reality.

Marketing deals almost exclusively in perception. What matters to marketing people are not the facts of a situation but what's in the minds of consumers, which may or may not correspond with reality. Since perceptions are extremely difficult to measure, marketing people have to use intuitive, holistic thinking.

Management people are aware of perception, of course. The problem is they believe perception is a mirror. It's just a reflection of reality. Change the reality, and you change the perception.

Marketing people disagree. Changing reality is easy. But changing perception is one of the most difficult jobs in the universe.

"This is our surest move ever." That's what a chief executive said before the launch of a new product that could make or break his company. That chief executive was Roberto Goizueta, former CEO of Coca-Cola, who confidently predicted the success of New Coke.

How could it miss? The company conducted 190,000 consumer taste tests that proved conclusively that New Coke tasted better than the original formula. And doesn't the better product win in the marketplace?

The universal answer to that question in the boardrooms of corporate America is: "Yes, of course. That's why we spend millions of dollars benchmarking our competitors. We won't launch a new product until we can develop a clear-cut competitive advantage."

That's reality at work in management circles. That's also why the vast majority of new supermarket and drugstore products are total failures.

Execution vs. strategy
"In real life, strategy is actually very straightforward," wrote Jack Welch. "You pick a general direction and implement like hell."

Most management publications are also focused on execution. Fortune magazine once reported, "Ninety percent of organizations fail to execute on otherwise well-planned strategies."

But if they fail to execute the strategies, how does one determine they were "otherwise well-planned"?


How do marketing people deal with CEOs who have the power to make strategic marketing decisions without the experience only a lifetime of marketing can accumulate? It's not easy.

"Nice presentation, but we'll do it my way," says the typical CEO, "and I'm counting on our marketing team to do a great job executing our new strategy."

Common sense vs. marketing sense
Marketing ideas are conceptually difficult because they contradict common sense. They deal with changing human perceptions, an enormously difficult task. Ask any psychiatrist or psychologist.

Guess who's winning the war in the boardroom. It's not the marketing side of the table; it's the management side. When a company gets into trouble, the solutions are always the same common-sense solutions: Improve the products. Cut the costs. Reduce the prices. Then hold employee meetings and talk about loyalty, enthusiasm and team building.

Also lining up with management on the common-sense side of the table are the lawyers and the accountants. They get along quite well. When management has a legal problem, it turns to its lawyers and invariably takes their advice. When management has an accounting problem, it turns to its CPAs and invariably takes their advice.

When management has a marketing problem, it turns to its marketing people and says, "We'll do it my way, because marketing is just common sense. And no one has more common sense than the CEO, right?"

But common sense doesn't work in business today. The only thing that works in business today is marketing sense.

Battle over? Or has it just begun?
Every year, management dogma is reinforced by some of the most important newspapers, magazines and TV channels in America: The Wall Street Journal, The New York Times, Financial Times, BusinessWeek, Fortune, Forbes, CNBC, Fox Business.

Seldom, if ever, do these media outlets present the marketing side of the story. Sure, they talk about marketing, but only in management terms: building better products, offering a full line, expanding the brand and especially the application of plain old common sense.

All of these concepts make sense. They just don't make marketing sense.

To sell a marketing concept to management, marketing people should keep this principle in mind: Left-brain management will never understand right-brain marketing. Why should it? Management has many other important things to worry about: production, finance, legal, employee recruitment, government relations.

Dialogue vs. dog and pony show
At one of his first meetings at IBM, Lou Gerstner was listening to a briefing by one of his lieutenants, who was using an overhead projector and transparencies. On the second transparency, Mr. Gerstner reached over, switched off the projector and said, "Let's just talk about your business."

Management is verbal and analytical. Yet most marketing presentations are visual and emotional. They sell creativity when they should be selling logic.

I should know. When I ran an advertising agency, we put enormous efforts into making elaborate, visually oriented slide and flip-chart presentations to sell advertising and marketing concepts. Every client meeting followed the same pattern: a one-hour dog and pony show followed by three or four hours of discussion.

Now I think that was a mistake. The presentations treated the management team as consumers rather than as "strategists." As a result, they reacted as consumers. They gave their approval on the basis of how they felt about the proposed advertising rather than whether or not the strategies were on target. What's interesting to consumers is often deadly dull to a company's managers, who know too much about its products, its markets and its competition.

In our consulting practice, we reverse the procedure. We start with the dialogue, not the dog or the pony. We have three or four hours of discussion before proposing solutions to a company's marketing problems.

What works in marketing today is simplicity, not complexity. But a simple idea can get lost in an overproduced, overdramatized marketing presentation designed to impress management.

A better approach might be to sit down with management and say, "Let's just talk about your business."

Source : http://ries.com

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Marketing Insight from A to Z - Philip Kotler




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Left Brain and Right Brain Quiz |Al Ries


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Founding Fathers in Business

Ketika sedang membaca buku berjudul Inside Drucker’s Brain karangan Jeffrey A.Krames di kelas, saya ditanya oleh salah seorang teman. Dia berkata, “ Lagi baca apa?” Dan saya menunjukkan sampul depan buku tersebut. Dengan polosnya dia berkata,” Siapa tuh Drucker?” Lebih parahnya lagi, dia menyebut beliau dengan menggunakan huruf “U” dan bukannya huruf “A” sehingga terdengar sebagai Duker (dalam bahasa indonesia). Saya langsung mengusap – usap dada dan berkata padanya,” Beliau adalah Father of Management”

Celakanya, teman saya dan saya kuliah di sekolah bisnis di Jakarta dan berada pada semester 7. Mahasiswa semester 7 di business school seharusnya mengetahui hal tersebut. Setelah saya perhatikan, ternyata banyak mahasiswa yang memiliki ketidak tahuan yang sama. Mereka jarang sekali membaca. Tidak membaca merupakan awal dari kebodohan. Saya tidak berkata bahwa teman saya tidak membaca, namun mungkin dosisnya kurang. Oleh karena itu, saya ingin mendaftar para pencetus ide/subjek tertentu dalam bisnis. Semoga dapat membantu.

Penomoran yang ada di sini tidak menunjukkan suatu urutan tertentu terkadang, terdapat beberapa nama pada setiap kategori.

1. Father of Management : Peter F. Drucker
2. Father of Marketing : Philip Kotler
3. Father of Positioning : Jack Trout
4. Father of Internet : Vint Cerf
5. Father of Six Sigma : Bill Smith
6. Founding father of finance : Alexander Hamilton
7. Father of accounting : Luca Pacioli
8. Father of Psychology : Wilhelm Maximilian Wundt
9. Father of Motivation : Dr. Wayne Dyer
10. Father of NLP : Dr. Richard Bandler dan Milton Erikson
11. Father of Financial analysis and value investing : Benjamin Graham
12. Father of Advertising : David MacKenzie Ogilvy
13. Father of Modern Advertising : John Wanamaker
14. Father of Risk : Peter L. Bernstein
15. Father of Public Relation : Erdward Bernays
16. Father of Problem Solving : George Polya
17. Father of innovation : Eugene M. Lang
18. Father of Market Research : Charles Coolidge Parlin
19. father of competitive strategy thinking : Michael Porter

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Converge Versus Diverge

Banyak pebisnis, pakar bisnis dan guru yang mencoba untuk meramalkan bahwa di masa yang akan datang, pasar dan produk akan semakin menyatu (emerging market). Maksudnya adalah semakin lama suatu produk akan menjadi produk yang multifungsi. Misalnya, beberapa tahun yang lalu, pakar bisnis mengatakan bahwa akan ada televisi multifungsi di masa yang akan datang. Televisi tersebut dapat digunakan untuk membeli produk yang diinginkan ( hanya dengan menekan tombol tertentu) dan bahkan dapat mencetak koran. Para pebisnis juga berusaha untuk membuat komputer yang serba guna, misalnya komputer yang digabung dengan printer , dan sebagainya.


Namun kenyataannya, yang terjadi adalah sebaliknya. Suatu produk atau suatu kategori produk akan semakin terbagi sehingga variasi produk tersebut akan semakin bertambah. Mobil yang dahulu kala hanya memiliki 1 kategori, kini terbagi menjadi banyak, misalnya bus, SUV,sport,luxury,jeep dan sebagainya.

Banyak perusahaan yang mencoba melakukan inovasi dengan cara menggabungkan fungsi 1 produk dengan produk yang lain, misalnya dvd digabung dengan tv. Namun hasil penggabungan tersebut dapat dikatakan tidak berhasil (tidak signifikan). Walaupun di pasar terdapat produk seperti handphone kamera, pen 4 warna, dan sebagainya, yang menyebabkan produk tersebut dapat survive adalah unsur convinence / kenyamanan.
Jadi, penggabungan fungsi produk yang memberikan rasa tidak nyaman, terutama menjadi lebih kompleks akan menyebabkan produk tersebut gagal. Dengan mengetahui mengenai konsep divergence ini, semoga dapat membantu dalam hal menemukan bisnis baru.

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