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WebMD to announce massive layoffs Tuesday - Atlanta Business Chronicle

WebMD to announce massive layoffs Tuesday - Atlanta Business Chronicle | Crowdfunding | Scoop.it

Here's another example of the people in company leadership, resting on their laurels. Once a leader in the nascent internet business models, now a dinosaur, WebMD has forgotten about innovation and how to keep up with the competition. Or maybe they didn't think they had any competition. 


This statement blows me away:


"We have begun the process of rationalizing our infrastructure to streamline operations and reduce costs while we make the reinvestment and changes necessary to position the company for long term growth."


My questions:

1. Why are they just now beginning? That needs to be an ongoing process, not a reactive event when things go very wrong. 


2. Why are they just now thinking about reinvestment strategies? What have they been investing in? Executive bonuses? Boondoggle management trips to the Caribbean? 


3. Why did it take a significant change in their quarterly results to just now strategize about positioning for long-term growth? Isn't that what a competent board of directors is supposed to do? Isn't that what a solid executive management team is supposed to do? Have you been sleeping for the last 5 years? 


If you are in business or run a business, you may want to pull your head out of your arse and see what your competition is doing, how the industry directions are changing, what disruptive business approaches, business models, technologies and startups are on the horizon. Who in your industry is getting funded by VC firms? Might want to pay attention to those.


These days, people in the leadership chairs at big corporations need to watch carefully what's going on around them, or the stars of the past will just wither away. 


I'm sure the laid off and remaining employees at WebMD will be bolting to greener pastures to companies who remain leaders in their fields. Those leaders are the ones that remain innovative and can still move fast enough to out-compete and out-collaborate. No matter how big or small the company.


Too bad WebMD can't. 


Contact me if you want some help figuring out what your competition is up to, and what you can do about, so you can thrive. 


Marty Koenig

CxO To Go

mkoenig@cxotogo.com


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Health information provider WebMD Health Corp. is expected to announce major layoffs...

Dionne Lew's curator insight, December 11, 2012 3:12 PM

Good analysis around leaders needing to constantly drive strategy and not rest on previous gains.

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StartupPlan | Get Money for Your Business

StartupPlan | Get Money for Your Business | Crowdfunding | Scoop.it

StartupPlan - Click the title to get yours now.

Marty Koenig's comment, March 11, 12:35 AM
Thanks for all the rescoops!
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Kickstarter crowdfunding checklist. Planning for your Kickstarter roadmap, tips and advice

Many startup entrepreneurs were asking me about crowdfunding and if Kickstarter or Indiegogo was a good option. Get my road map and guide here: http://bit.ly...
Marty Koenig's comment, October 28, 2012 5:01 PM
Thanks everyone for your rescoops!
Marty Koenig's comment, November 1, 2012 12:18 AM
Thanks everyone. This is such a hot topic.
Marty Koenig's comment, November 1, 2012 7:29 PM
Thanks again for your rescooping. This is important information to get out to the world. :-)
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Crowdfunding versus Amazon: Weber Grill. BUT WHY?

Find the biggest selection of products from Weber with the lowest prices. Shop online for mowers, grills, garden tools, generators, snow blowers and more at Amazon.com
Marty Koenig's insight:

OK, this has very little to do with crowdfunding. OK maybe a little. Or maybe a lot. What part of content or product marketing is not crowdfunding? What part selling anything to anyone that will pay money, not crowdfunding? When the crowd chimes in with reviews, when the descriptions and value porposition is better than any other anywhere, when you differentiate your product against all competitors...you will succeed. Just like in crowdfunding. 


If you look at this product, there is nothing compelling in the "above the fold" description. To me it looks like every other grill I've seen online. OK, it is a Weber, but how am I supposed to know if this product is THAT MUCH BETTER than, say, a $299 Charbroil at Walmart? 


All it says about the grill is the WHAT. Just the features. It talks about square inches of cooking area. It talks about the rotisserie (does anyone even use those any more?). Nothing about the WHY and certainly zero compelling information about the benefits and why anyone would want a grill like this. 


In this listing there are no reviews, so I can't even tell if anyone likes or hates it. Then lower on the page, where there is an opportunity to litterally talk about the sizzle, to tell stories about how this grill changed the lives of people, to use action words and a video that makes me stay on this listing.  


I do get a lot of extras that I really don't care about - and I really feel like Amazon just wants to upsell, upsell, upsell. I'm not so into that. They say at lease half-dozen time what the model number is, just begging me to go find the same exact product at a cheaper site. Or maybe I am willing to pay a little more for the same product if I get the priviledge of folks who care about me, care about my wants, and take the time and energy to engage with me in a conversation. 


There is a total lack of any kind of "experience" or "tribe" or "loyalty" that makes we want to hit the Buy Now button. 


Then they go on th cannibalize the sales process, and Amazon shows me four other, competing grills. How about I just bounce and go find a site that seems to care enough about the buyer, and the buying experience. 


So how is this different than your crowdfunding campaign? If it's not, then good luck. You'll be about as successful as this listing on Amazon. You'll talk all about you, like Amazon does over and over and over again on this page. You will talk only about the WHAT, and not give me the simple courtesy of a story, or the WHY I should spend that kind of money on this grill.


Am I wrong here? Who do you know would pay that much for a grill? Is Weber really that much better? Is their brand promise a Tiffany's equivalent? Let me know if I am out of line here. 


A crowdfunding campaign has to go so much further than this listing, and so much further than 95% of the Kickstarter or Indiegogo listings.


If you want to see how to build yourself an awesome, compelling, and successful crosdfunding campaign, click here:  http://bit.ly/La0IQg


I am writing a more detailed article on this subject ilook for it soon.....


Marty Koenig

-CrowdfundEnergy

Marty Koenig's comment, December 23, 2012 10:10 AM
Thanks for the comments.
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Follow My Topic. Click "Follow"

Follow My Topic. Click "Follow" | Crowdfunding | Scoop.it

Just click the 'follow' button at the top, right of this page.
Click 'tag' tab above and choose an area of interest.  


See insights, information and products on crowdfunding here: http://crowdfundenergy.com

ARTHUR RUIVO BELLIZZ's comment, December 21, 2012 5:10 PM
Isso é muito bom :)