When Will Your Party Be Over?

Sharing information and resources to?Make?A?Difference - in yourself and your organization.?Welcome to this week's?MAD?newsletter. Features this week include Gallup's results on employee #Trust in leadership, lessons to be learned from #Tupperware & #BedBathAndBeyond , #SimonSinek , the next #GreatDepression and more.

In this Issue:

1. Trust in Leadership
2. The?Party is?Over
3. All Times are Uncertain
4. Authenticity:?You know you have it.?Do your customers?
5. Transform, or?Be Transformed
6. Econ Recon:??About that Great Depression (in 2030)

Trust in Leadership

Only 21% of U.S. employees strongly agree they trust the leadership of their organization — a notable decline since 2019. But Gallup has identified three actions leaders can take to reverse the trend. Learn what the best leaders do to earn (or build) trust.?Trifecta of Leadership .

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The Party is Over

The business story dominating the news this week (aside from more layoffs) has been the bankruptcy and likely liquidation and disappearance of retailer Bed, Bath and Beyond’s 360 stores.?I still have a plethora of their coupons – now destined to be recycled.

Less noticed is the potential bankruptcy of another retail icon:?Tupperware.

In the 1950s,?inventor Earl Tupper’s new food storage product won awards for design and innovation,?but simply wasn’t selling in traditional outlets like department stores. More on the story of Tupperware .?

A divorced single mom,?Brownie Wise, solved the problem by creating a new distribution channel. Sales exploded after she began?selling Tupperware through a new channel: social gatherings of housewives that came be known as “Tupperware parties.”?She then built a national salesforce by recruiting other women to host their own Tupperware parties, offering an opportunity for a home-based business and additional income. Mary Kay Cosmetics and other well-known multi-level marketing enterprises later copied this strategy.

Everything ends unless renewed or reinvented. As businesspeople we need to learn from success?and?failures. “Tupperware: Why the household name could soon be history” ?is a quick read outlining what went wrong at such a successful enterprise. Check out the story on BB&B’s demise as well .?

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All Times are Uncertain

Simon Sinek (author of “Start with Why”) is an unshakable optimist regardless of what is happening in the external world. He believes in a bright future and our ability to build it together – with the right mindset. ?Since all of the future is uncertain, Sinek?offers a helpful three-minute video lesson in?how leaders turn uncertainty into opportunity.

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Authenticity: You know you have it.?Do your customers?

The value of authenticity in our company’s offerings is a trait that no one would dispute. But we may be making the mistake of failing to communicate that authenticity because we think everyone sees it. (Hint: often they don’t).

But what is authenticity in an offering? A recent article defines it as “staying true to itself. And when customers perceive a product as authentic, they’re often more likely to buy it or be willing to pay a higher price.”

We can be so close to our offering that we fail to ask?if its authenticity is as apparent to our customers as it is to us. The aforementioned article explores opportunities for you to CONVEY authenticity , be it B2B, B2C product or service.

What is your offering’s “authenticity story?”?And has your customer heard it?

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Transform, or Be Transformed

The above graphic offers a suggested checklist of?the ten biggest shifts?as identified by consulting firm McKinsey and Company?that are transforming organizations?(whether you want yours to be transformed or not).

If any of these intrigue (or scare) you,? 麦肯锡 is offering a deeper dive on each in a free download report:?“The State of Organizations 2023: Ten Shifts Transforming Organizations.”

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Econ Recon

About that Great Depression in 2030:??Alan and Brian Beaulieu will be offering a look at their?long-standing prediction of another “Great Depression” which they have forecast will occur around the end of this decade.

They will offer an in depth seminar on July 27 on this topic but if you’d like a 10 minute preview of the content,?check out their 10 minute video We Answer Your Questions About the 2030s Great Depression .

Home, Cheap Home?: One of the more surprising aspects of the pandemic was how it supercharged the housing market. It now looks like buyers are tapping the brakes. Find out more in ITR Economics’ Brian Beaulieu blog posting?Home Prices Are Declining . Also, check out Mr. Beaulieu’s latest?Fed Watch.

A Turning Point?:?Dr. Brian Wesbury wrote earlier in the week that the economy might be at?a turning point. ??A subsequent announcement that 1st?quarter GDP came in at a?1.1% annual growth rate ?seems to support his view. Also, here is his weekly?High Frequency Data Tracker.

Wishing you a productive week! Feel free to share this newsletter with others or even repost. See you next week.

Sue Tinnish, PhD,?Vistage Chair, Facilitator, & Executive Coach

Find me easily at: 847.404.7325,?[email protected] , Twitter:?@STinnish, LinkedIn:??www.dhirubhai.net/in/suetinnish , Website:??https://vistage.com/chairs/sue.tinnish ??