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How Storytelling Can Help Your Company

July 6th, 2009 @ 6:00 am

5 Comments

Categories: Academics, Group Dynamics, Managment, Schools, Strategy

Tags: Costco, Knowledge Management, Benefits, Free Trade, Business Intelligence, Strategy, Enterprise Software, Software, Human Resources, Finance

Remember that creative writing class you took your senior year of college because you wanted an easy elective? It turns out that dusting off the notebook where you wrote about plots and characters might be a way to help you lead your company.

Organizational storytelling is slowly but surely becoming a hot strategy for conveying important information about your business, both internally and externally. It’s also found its way into the MBA world: The University of Cape Town Graduate School of Business in South Africa has recently announced it will be offering a class in the subject.

If you believe Steve Denning, other institutions will be sure to follow.

Denning, a former program director of knowledge management at The World Bank, has written books for Harvard Business Publishing and others on the subject.  He explained the power of organizational storytelling to The Skills Portal:

Charts leave listeners bemused. Prose remains unread. Dialogue is just too laborious and slow. Time after time, when faced with the task of persuading a group of managers or front-line staff in a large organization to get enthusiastic about a major change, storytelling is the only thing that works.

The benefits of storytelling

According to the article “UCT Business School to Teach the Grown-up Business of Storytelling,” here are a few things strong organizational stories can do for your company:

  • 1. Build trust and strengthen relationships
  • 2. Sustain a company’s culture during tough economic times
  • 3. Create unity by giving every department a common narrative
  • 4. Increase influence and lead more successfully

How Costco does it

So what’s an example of an organizational story? Costco has a fairly famous one, at least among its employees, detailing the five stages it went through to offer the perfect piece of salmon. Even when the quality improved in stage five, Costco kept the price the same. The story conveys key messages about the company, such as its commitments to quality and value. To ensure that the values exemplified in the story stay fresh in employees’ minds, Costco offers a Salmon Award to honor outstanding staff accomplishments.

Does your company engage in organizational storytelling? Have you seen any benefits from the practice?  

Image courtesy of Flickr user takomabibelot, CC 2.0

 
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  •  
    1

    thirstyfish

    07/06/09 | Report as spam

    RE: How Storytelling Can Help Your Company

    Thanks for highlighting this growing trend among business schools.

    I teach Brand Storytelling for the Schulich School of Business in Toronto, Canada, and their executive masters in brand communications program. A first of its kind program...

    The program is for executives from Canada's leading ad agencies who are tasked with reinventing the advertising business model. So more than just brand architecture, the program focuses on change management, innovation, and leadership development. They consequently wanted to put business storytelling at the core of the curriculum.

    Surely a sign of more storytelling to find its way at the heart of b-school education...

    Michael Margolis
    www.thirsty-fish.com

  •  
    2

    ric822

    07/07/09 | Report as spam

    RE: How Storytelling Can Help Your Company

    This is a great idea and an effective way to convey what separates your business from others.
    In addition, so often we teach what we do without teaching why we do it. These stories help to explain the "whys" (which in the end are far more important than the "whats").

  •  
    3

    grich1216

    07/07/09 | Report as spam

    RE: How Storytelling Can Help Your Company

    I come at this from a different perspective. Check me out to
    see if the principle holds. As a health care chaplain, I have
    heard 1000's of stories from patients. In building rapport and
    trust, they begin to tell me what the real issues are and they
    are always revealed in a story, like, "It reminds me of the
    time ..."

    In addition, the last hospital I served had just finished a net
    work of satellites all over East Texas which connected the
    hospital with rural schools and colleges. The network made it
    possible for most anything to be taught and discussed in any
    of the schools.

    The President of the hospital told a story like this: I grew up
    in rural Mass. in a small school. His family lived up stairs over
    a doctor's office. His dad was a skilled blue collar worker. This
    would have been in the 20's. When it came time to go to
    college, my dad said he wanted to take me to Harvard to talk
    about attending there. They rode the train and they talked
    and he protested to his dad about how they would paid for
    such a thing. He attended and, eventually, graduated.
    Obviously, he went on to have a stellar career in medicine.

    As he finished telling this story, he said, "As a young boy in
    rural Mass. who never dreamed he could go to Harvard, now
    we have the capability to take any learning opportunity in the
    world to children in East Texas. It makes this boy proud!"

    I think it is obvious, the story put a face on the project and a
    specific meaning to what the network could do. It spoke volumes of what was important to the President of that
    hospital.

  •  
    4

    KenAtFocusConsulting

    07/08/09 | Report as spam

    RE: How Storytelling Can Help Your Company

    Here's what I've found successful based on experience, compiled here in an article I wrote:

    "Improve Your Organizational Brand Advocacy:
    apply storytelling skills for online and in-person networking"

    Tell your story. Advocate your mission. Sell your vision. You?ve probably heard these mantras a million times. It may not be your core skill. No reason to worry. From Paleolithic cave paintings to epic oral storytelling in preliterate Greece, from the eloquence of Shakespeare to TechCrunch Tweets, human culture has depended on stories for vision, entertainment, and information. Telling your organizational story relies on skills you can learn, and, whether you?re an established or new entrepreneur, the need to champion your brand with a dynamic elevator pitch (brand story) has never been greater than right now, especially in the Web 2.0 age.

    The techniques of good storytelling can help your brand resonate and rise above shrill media clutter and increasingly competitive messages. Storytelling skills are overlooked techniques for conveying a brand with convincing impact. Ad agencies wield these skills as weapons in relentless media wars, but not many executives and managers use the skills with discipline and consistency. No matter what your business, whether you?re a veteran CEO or a start-up entrepreneur, these skills enable you to more effectively convey your organization?s value with compelling elevator pitches and with dynamic talking points. (I don?t mean ?political? talking points meant as in a spin doctor. We?ll cover this later.)

    The art of storytelling ? in particular, the ?pitch? ? can provide principles to help maximize these opportunities. These principles will help you renovate a routine elevator speech and create a compelling and concise brand story (or pitch for a specific product or service). However, even a great elevator pitch without supporting talking points to underscore attributes can fail to generate sustained interest. The pitch and talking points must be developed together and mutually supportive.

    In Hollywood, the term ?pitch? refers to telling a captivating story in less than five minutes to penetrate the cynical veneer of a distracted executive. ?High concept? pitches work best, preferably in one sentence packed with drama (Spielberg revived this tradition three decades ago ? a monster shark terrorizes a popular beach resort, protected by a sheriff afraid of the water). This fierce competition has honed powerful storytelling techniques useful for telling your organizational story whether it?s on a social networking site or in person at an event.

    In business, we can borrow from the classic three-act drama of Ibsen and the contemporary high concepts of Tinsel Town. Here are three structural elements of an effective pitch ? they may seem obvious but they are seldom optimized:

    1. Use a strong hook to capture initial interest (perhaps an intriguing fact, question or brief anecdote).
    2. Describe and solve a problem or meet a need in a unique way (including how your process or approach is timely, different, or measurably better).
    3. Conclude with a brief example of evidence of success, growth, or visionary ambition. Perhaps an endorsement or very brief (one sentence) anecdote can work as a finish. Remember the immediate goal: you don't want to tell the whole story, you want to induce curiosity and prompt a question or response.

    Pitching your elevator speech or brand vision is uncannily similar to pitching a two-hour film in less than five minutes. It must be brief yet far more specific than the sweeping goals of a codified mission statement. ?Deliver world-class service? or ?value-added? aren?t sufficient ? an elevator speech needs to say ?how? and ?why? in a few words to elicit a distinct response.

    The art of an elevator speech is creative brevity. Both words are crucial. It?ll definitely take more than 140 characters, but a succinct pitch doesn?t need to be more than 75 to 100 words at most. (Of course, the first 140 characters could be used as a Twitter tease to the full pitch.) Unless you and your audience are both waxing eloquent about quantum physics while gulping triple latt?s, avoid a ten minute monologue or 500 words trying to explain every facet of your organization. Reserve salient details for later (we?ll cover this with brand talking points).

    Let?s start with basic guidelines for creating effective elevator pitch content. Use these tips to assess your current elevator speech (or to create a new one).

    THE PITCH: ELEVATOR SPEECH

    ? Align your pitch with your current mission, vision and values statements (these are sometimes updated separately and don?t always create a consistent theme).

    ? Define your value proposition and it?s target market in one or two sentences (think problem-solution scenario).

    ? Clearly articulate differentiation from top competitors ? be specific.

    ? Include active language that conveys momentum, generates inquiry, avoids generalities (that sound like any other business), and stimulates discussion.

    ? Edit your pitch to about 75 words (or 30 seconds, more or less). Remember that this is a distillation of your core business. You can convey more dimensions of your business during follow-up conversation. That?s when concise anecdotes (case study summaries) and salient talking points become brushstrokes for your complete brand picture.

    Once you?re happy with your elevator pitch, it?s time for brand (or product or service) talking points. Think of it this way: if the pitch is your executive summary, then talking points deliver the full report, albeit with succinct bullet points. Consider the pitch as an introduction, then talking points become all of the chapters for your story.

    There are many applications for talking points. For example, at a business soir?e or during a social networking conversation, an elevator pitch can create a receptive audience, opening the door for elaboration with talking points. Here are some tips for crafting brand talking points to inspire interest in your organization.

    THE WHOLE STORY: BRAND TALKING POINTS

    ? Include input from your executive team, managers, board, or other relevant stakeholders ? everyone should be on the same page and tell a consistent story.

    ? Make sure that the points reflect your mission, vision and values statements, and convey your best core competencies and most successful outcomes.
    ? Edit the talking points to convey the essence (not minute detail) of how your organization meets challenges and solves problems.

    ? Use brief anecdotes and case studies when appropriate ? specific, colorful examples always help demonstrate a point.

    ? Avoid statistic overload ? a few exceptional numbers capture attention, while too many numbers dilute the overall impact.

    ? Work with your communications team to practice delivery and Q&A. If media will be present, the communications team will brief you accordingly. If you don?t have a communications team, use your managers or executive team to anticipate questions and practice response scenarios.

    How you deliver your pitch and talking points ? how you tell your organizational story ? will make the difference between appearing merely competent (and unremarkable) or making an exceptional and enduring impression. If content is king, presentation is the king?s magic sword. Here are a few techniques for pitches and talking points (so that your sword is never stuck in the stone). These tips will slay the dragon and help you prevail over competitive sorcerers.

    DELIVERY TIPS

    1. Be prepared. The more you know how to articulate your content, the more confidence you?ll convey. Memorizing the basic elevator speech is good, but be fluent enough to improvise based on the audience and situation. Agility is vital. Preparation includes practice! Be sure to include practice answering hypothetical and challenging questions. Don?t pull punches. Be objective and assertive when challenging yourself.

    2. The handshake is often underestimated and, like eyes and body language, it triggers a first impression. Make it a firm and brief shake (don?t oversell), with direct eye contact. The handshake also signals time for you to listen carefully to the person?s introduction and perhaps their elevator speech. It?s your moment to get a sense of your audience.

    3. Maintain eye contact. DiVinci said it best: ?The eyes are windows to the soul.? Studies reveal that, for better or worse, first impressions are formed within the seven seconds of contact, and opinions are formed within minutes. (Malcolm Gladwell?s Blink is a relevant read.) Your authenticity will project (or not) from your eyes ? it?s subconscious but very real. If you?re bored, the best written elevator speech can fail. Unless you?re a highly polished and expert salesperson, it?s difficult to hide your feelings when you have solid eye contact. (Of course, eye contact etiquette and introductions vary with cultures.)

    4. Define when to emphasize key words and phrases, and when to fluctuate your volume. When memorizing or practicing, underline what you want to emphasize. Be selective. Everything can?t be emphasized. Volume can become an irritating din if the level never varies (even if it?s a good level). Would you want to hear or watch a story with one energy, one pace, beginning to end?

    5. Apply the Three P?s ? Punctuate with Powerful Pauses. Know when you?ve made a point that should sink-in for a moment, or when you?re building anticipation for the next sentence. The well-placed pause can have as much impact as the best information you can imagine. It?s a visceral impact ? personal delivery communicates on an emotional level first and an intellectual level second. Effective pauses help to sustain connection.
    6. Show your passion and personality. If you aren?t inspired by your content, and if you don?t deliver it with personal conviction, it simply won?t work. You must generate emotional chemistry. Conversely, if your enthusiasm appears to be affected or obligatory, you?ll seem like a game show host. Be an authentic true believer.

    7. Visualize successful images of your organization or it?s accomplishments. Specific images are best. This requires practice over time, but it will produce results ? what you visualize can fuel your attitude and drive your delivery.

    Practice the above with various internal stakeholders and with peers, friends, and family. Record yourself and make notes. Save and compare the recordings to identify problems and note where you want to make corrections and refinements. Listen for clarity of content, enunciation, and vigor. If you have the means, videotape yourself. Evaluate your tape. Practice again. And again. (Note: humor requires more practice, especially for timing ? use it sparingly unless you?re naturally adept at it.) The more you practice, experiment, and hear (or see) yourself saying the words, the more you?ll feel credible and effective. You?ll soon develop your personal ?lan.

    To prepare for the above, I often suggest practicing first by reading fictional stories or non-fiction articles aloud. Or, it can be the cryptic lyrics of Dylan or the profane dialog of Mamet. The key is to read words that tell a story and convey emotion. Read to entertain. Record your reading and use the recordings to assess how well you convey the emotional aesthetic. Paint a vivid picture by how you breathe words and phrases, and how you interpret the nuances of punctuation.

    A lucid image helps an audience enjoy the story on an emotional level and understand it on a factual level. If they feel your story, they?ll remember facts more readily.

    Above all, be patient with your learning curve. As Mark Twain said, ?It usually takes more than three weeks to prepare a good impromptu speech.? When you?re skilled at preparation and practice, you?ll wake up one morning and feel like a ?natural? presenter. You?ll even like it.

    With coaching and practice, these basic storytelling skills will help you to tell your organizational story in the elevator, at the soiree, and at the podium. With all due respect to Shakespeare and Spielberg, whether you?re a Blue Chip heavyweight, Wall Street darling, small entrepreneur, or local non-profit, the legacy of storytelling continues to drive our culture ? including business.

    It?s said that the object of art is to give life a shape. Your brand story is art for giving shape to your organizational culture and brand. This applies to social networking, event networking, meetings, casual socializing and formal presentations. Actively champion your brand with an articulate plot and colorful characters. Rise above the competition. Get prepared. Practice. Then your brand story will have full impact.

    Ken Grimsley is a Marketing Strategist, Communications Consultant, Client Services Executive, and Executive Coach. He is Managing Principal for Focus Consulting, FocusOnProgress.com, 415.595.3689, KenGrimsley@live.com

    @ 2009 Ken Grimsley

  •  
    5

    RickGrbavac

    07/08/09 | Report as spam

    RE: How Storytelling Can Help Your Company

    Getting your top performers to tell their stories is of great value to an organization. They are the ones that think about things in a different way that allows them to thrive in an environment in which others can only tread water.
    Getting the "real story" vs having the "official story" is the key to the organization listening and embracing the ideas. Most people can tell the difference in a matter of seconds. Passion is crucial.
    The hard part is actually capturing that passion and wisdom in a well-articulated story and then having a method to get others to listen.

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