connecting*the*dots

i look to my left and see your smile
all the while i try to file
away my past
my stumbles
my gaffs
your eyes scream a subtle cry
try to tell me why
i can’t look away
today is the day
i step up to you standing straight
today is the day
in with the love, out with the hate
yeah, today is the day
i’m ready to say
i could leave this big city
the loss of my metrocard ain’t a pity
i’d go to the ends of the earth to be with you
if only just for a moment
it’d be time well spent
you see you have my heart
my lungs
my synapses
my tongue
twisted
back to the front
you know all about the game
i’m all about the hunt
but this time shit is for real
i never thought my wounds would heal
feel
me
oh my
believe it or not
i’m puffing a natural high
one plus one equals two
fu, baby
f.u.

In an industry such as online brokerage, one would assume that the client would always be the center of focus. While most of the time that is the case, the focus on the bottom line in a publicly traded company demands more executive attention and decision-making, overtaking any best practice corporate mantra or initiative due to the pressures and expectations of The Street.

Therein lies the problem: Only a sustained and coordinated focus on client needs will provide properly targeted and designed product experiences for customers or clients.

Client service : Pricing

If a company provides services and products that support the goals of an individual, at a price that can be rationalized to fit the value proposition of the product, the company will find clientèle… but business isn’t that simple, as the cost of business drives most internal decisions.

Executives with P/L responsibilities tend to gravitate towards lessening the impact on spending first and foremost, rather than reinvesting within the organization. Whether the decision lands in the form of multi-tasking employee roles or approaching methodological advances with risk management adverseness, working within conservatively defined parameters lessens accountability to risk and most likely can’t be framed in a negative light.

So how can a business operate in a manner that supports clients goals, at a desirable price point, without putting the business “out of business” in the process?

Streamlined systems and processes play a major part.

Smart management plays another.

But the glue that binds these and numerous other business roles together is the simple concept of collaboration.

For the sake of simplicity, picture a company divided into four primary units: Marketing, Technology, Design and Business. In this simple, yet extremely complex fauxe business example, nothing could be accomplished with quality or speed without close collaboration.

• Marketing and Design need to share quantitative and qualitative research (respectively) to assist the Business in developing an explicit understanding of client needs. These qualified findings can then be prioritized by Business and Technology in terms of viability and feasibility (respectively)
• Business, Design and Technology must collaborate during all phases of product design in order for goal-directed and innovative experiences to become a reality at any point on the speed to market to best to market throughput timeline
• While this occurs, Marketing must be looped into all user experience design points to ensure that brand standards are met and a product marketing plan can be produced to reintroduce the client experience to the market in proper fashion

Yes, this is oversimplified.

Compliance has a large role in this process, as does Legal, Sales, etc. And while the above description sounds logical and pragmatic, imagine how many different organizational structures, methodologies, communication systems, talent, etc. could be put in place to support the concept of a Business - Marketing - Design - Technology paradigm.

Ameritrade had already become quite aware of the need for this degree of collaboration over the past few years and the current buzz of the company has jumped from touting our top operating margin in the industry to making a commitment to designing an organization around the needs of our clients, while keeping an industry leading operating margin.

Reaching that balance and keeping a competitive edge in this industry and on The Street is very tricky. Gutsy, sophisticated and experienced leadership must drive this level of corporate re-focus.

Next month: User research: The stereotype and the archetype.