Examining our profit motive

We sometimes maintain a medieval, monkish idea that wealth ought not be part of our Christian mindset. That money is worldly and therefore beneath our consideration.

Nonsense.

It is not money, but the love of money that is the root of evil. We must consider money carefully if we are to be good stewards of it.

What we must not do is fool ourselves into thinking money will solve our problems or meet our needs. God solves problems and meets needs. Sometimes he uses money to do so. Other times he does it by providing smarts, stamina, or people to help us.

Here's a popular passage from stewardship season: 1 Timothy 6:17-19.

Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life.

We are not asked to forgo wealth. We are not told to avoid profit-making. But we are warned against putting our hope in wealth and profit. We are told to be generous with what has been given us. And to know that what we have is given "for our enjoyment."

As we embark on this new year, we encourage you to enjoy what you have been given, and we pray the chamber can be God's instrument in connecting you to the resources your business needs to succeed. May your new year be happy...and prosperous.

Mark and Brodie's Christmas Message

Have a Blessed and Merry Christmas and a Happy and Prosperous New Year. We look forward to serving you in 2012 as we continue to build business, build community and build the Kingdom!

12 trends to watch in the coming year

Photo by Frank Hermers • sxc.hu

The website trendwatching.com released its free year-end Trend Briefing. The company’s head of research and analysis, Henry Mason, said, “Even with the backdrop of nations defaulting, we see more opportunities than ever for creative brands and entrepreneurs to deliver on changing consumer needs.”

Here’s a summary of the 12 trends. You can find the full report at trendwatching’s website.

1. Red Carpet
Many firms, including Hilton, Starwood and Harrods are providing tailored services for Chinese visitors. Travel from China is up 20 percent from 2010, and The World Tourism Organization estimates the total number of outbound tourists from China will reach 100 million by 2020.

2. DIY Health
Consumers are taking advantage of technology to track and manage their personal health. Apple’s App Store already offers 9,000 health apps.

3. Dealer-Chic
Deals are now about more than saving money: it’s the pursuit, the status, and the perceived smartness. Consumers are looking for more personalization and more loyalty schemes, and are putting more pressure on brands to deliver brilliance.

4. Eco-Cycology
Companies are increasingly taking back their products for recycling, and do so responsibly and innovatively. Nike, for example, recycles rubber from its shoes into artificial track surfaces.

5. Cash-Less
Coins and notes won’t disappear completely, but cashless payment systems have gone mainstream, with MasterCard and Google working on a system of payments, rewards and offers around mobile technologies.

6. Bottom of the Urban Pyramid
The majority of consumerism is urban, yet in much of the world city life is chaotic, cramped and none too pleasant. Low-income urbanites look for innovation tailored to their unique circumstances, from health issues to lack of space to the need for durability. Opportunities for brands catering to such needs are unprecedented.

7. Idle Sourcing
Making it simple for consumers to contribute will be more popular than ever in 2012. Smarter mobile device sensors will let consumers broadcast information about where and what they are doing, to help improve products and services. For example, Boston now has an app that uses smartphones’ accelerometers and GPS to detect potholes.

8. Flawsome
Consumers think brands that behave more humanly, including exposing their flaws, are awesome. Brands that are honest about their flaws, that show some empathy, generosity, and humor will win over consumers. Domino’s, for example, mounted a news scroll in Times Square showing both compliments and complaints from its customers.

9. Screen Culture
The proliferation of touchscreen devices is bringing about a culture that is not only more pervasive, but more personal and immersive than ever. Companies taking advantage of this trend range from those who make screen-friendly winter gloves to a restaurant chain that installed teleconferencing capabilities.

10. Recommerce
It’s never been easier for savvy consumers to resell or trade in past purchases, unlocking the value in their current possessions. Car dealers aren’t the only ones who can take an old product and offer credit toward a new one.

12. Point & Know
Consumers are used to being able to find out just about anything that’s online or text-based, but 2012 will see instant visual information gratification brought into the real and visual world with objects and even people. Some of these technologies, like face recognition software, are already in the market.

11. Emerging Maturialism
Yes, we’re out of order here, because this one … at the risk of editorializing, it’s hard to address to Christian businesspeople. The folks at trendwatching tell us that, “While cultural differences continue to shape consumer desires, middle-class and/or younger consumers in almost every market embrace brands that push boundaries.” If you read the trendwatching report, you’ll find some of those boundaries might have been better left alone. This idea will be harder for Christian businesses to adopt. But we’d love to hear your ideas about it.

View all 12 full trend descriptions, including examples of brands from around the world already implementing them, at www.trendwatching.com/briefing.

Have a blessed Thanksgiving

A business lesson from Steve Jobs

By Kristen Stieffel

The last lesson Steve Jobs had to teach us wasn’t about technology, or industrial design, or following your heart and intuition. His final lesson was about plain boring old succession planning.

Steve Jobs. Photo by Matthew Yohe

Many businesses fail after the death of their founders simply because not enough thought was given to that big, ugly “what if?” Steve and his colleagues at least had the advantage of not being taken by surprise.

At my company, we were not so lucky.

As hard as it must have been for Tim Cook to write that Oct. 5 memo, how much harder was it for Whit Shaw, now the head of American City Business Journals, to write a similar memo one Monday morning two years ago, informing his employees of the weekend death of founder and chairman Ray Shaw.

His father.

Ray died suddenly, unexpectedly, almost stupidly — of complications from a bee sting.

We all felt great sadness at Ray’s loss, even though most of us had never met him. And uncertainty about the future goes without saying. But there was no fear, despite the abruptness of the change, because we trusted in the succession plan. We trusted Whit and the other leaders to be wise. And they have been.

Apple shareholders must now trust that Tim Cook and Jonathan Ive and the company's other leaders will be wise.

As a business leader, do you know whether, if anything were to happen to you, the leaders you leave behind would lead wisely?

It is vital for any businessperson with more than a few employees to have a succession plan. If you’re a one-person operation -- a freelancer or consultant -- then you are the business. But if the business can and should survive you, plan for that. It won’t happen by accident.

Steve’s succession plan was in place because he’d been dealing with cancers since 2004. But even though Ray’s death was an unpredictable fluke, the company leadership was nevertheless able to move forward because a plan was already in place.

Trust in the Lord and lean not on your own understanding, yes. But also use the brains He gave you. To be good stewards of our businesses, we must consider those big, ugly “what ifs.”

Because someday, whether through retirement or illness or death, you will no longer be there to lead your company. You, or someone else, will write a memo to inform your employees.

What will happen after that?

5 keys insights for working with digital natives

By Michelle Manafy

Neustockimages — iStockphoto

Between all generations lie gaps. Yet today many individuals and businesses face a massive one. The digital native generation -- those who grew up immersed in technologies such as computers, mobile devices, and social networks -- are becoming our dominant employee and consumer base. That means digital immigrants -- those of us who didn’t grow up plugged in -- must navigate an altered landscape to successfully work with them. These insights will help you understand how to leverage the digital native worldview to achieve your business objectives:

1. They live publicly online.

Businesses must address the expectations of those raised in social networking environments, in which they routinely share activities and opinions with a potentially limitless group of friends.

Tip: Capitalize on digital natives’ openness. Understand their inclination to live publicly, and guide those activities so they are consistent with business objectives. Structure employee activities and customer interactions to put this openness to good use.

2. They share knowledge.

Despite much hyperbole about social media and marketing, many organizations limit or ban the use of social networks on the job. This shows a fear of exposure and a lack of understanding of how to channel this generation’s knowledge-sharing inclination.

Tip: Craft guidelines for appropriate use of social networks. Social media and collaborative ways of working can help companies capture otherwise transient knowledge. The old adage was “knowledge is power.” For digital natives, “knowledge shared is power.”

3. They believe transparency yields trust.

Because digital natives live publicly and value knowledge sharing, organizations that demonstrate transparency will attract and retain them as employees and customers. Digital natives make new friends, followers, and fans every day. Remember that it takes a lot of work to maintain a genuine relationship. If digital natives dislike your brand, they will make it publicly known. Luckily, the reverse is also true. Ultra-connected consumers look for organizations that listen, respond, own up to mistakes and maintain authentic relationships.

Tip: To attract and retain this generation as employees, recognize that the best of them monitor opportunities and discuss employers online. For recruiting, this can provide insights into who are the best, brightest, and most social-media savvy. For retention, employers can leverage these same tools to ensure they are competitive in the market.

4. They are timely, not time-managed.

While most people are painfully aware that the line between "at work" and "off duty" is increasingly blurred, digital natives will move beyond work-life balance to a new sort of work-life integration. Work and social activities are with them anywhere, anytime. Digital natives may log more hours at their computers during the course of a day than those in previous generations, but switch back and forth between work and leisure in short bursts. Though this may strike some managers as inappropriate, it helps to realize that while an older worker might head to the break room or a co-worker's desk to clear their head, natives are more likely to catch up on a quick burst of Facebook updates.

Tip: Companies that emphasize collaboration, learning, and socialization will see benefits in comparison to those that focus solely on productivity. Work can be constructively influenced by the expectations of younger workers.

5. They believe in interactions, not transactions.

With all this socializing, one might begin to wonder how any business gets done. But it does. Organizations that develop good social skills will have a competitive advantage over those that don’t. One essential quality is recognizing that this generation is not interested in transactions -- exchanges of money for goods and services. This generation is interested in interactions.

Tip: Unlike a transaction-based system, an interactive one is based upon social currency. Businesses will need to embrace interaction, from marketing to product development and content creation. This generation wants to do business with companies it views as friends and expects to see its ideals and objectives reflected in the companies it chooses to do business with.

While many digital immigrants whole-heartedly adopt digital tools, it is not simply emerging technologies that must be mastered. Lifelong immersion affects the mindset, behavior, and expectations of digital natives. To succeed in business with them, we must understand and build models based on this native culture.

            

Michelle Manafy is director of content for FreePint Ltd. and co-author of Dancing With Digital Natives: Staying in Step With the Generation That’s Transforming the Way Business Is Done.

Do you have expert advice to share? E-mail Kristen.

A Labor Day Prayer

Father, thank you for blessing us with talents, abilities, spiritual gifts, passions and drive so that all of our efforts may bring glory and honor to You. We thank you for those who have maintained employment through these tough economic times. We pray that You give us the privilege to reflect Your character to our employees, employers, co-workers, clients and customers.

For those who have lost their jobs and are seeking employment, Father please give them the peace that passes all understanding. We ask that You meet the needs of their families and encourage them to seek to open doors of opportunity.

For all of us Father, may we never see our worth and identity in the jobs or careers that we have, or don't have, but in Your sacrifice and love for us. Finally Father, we pray that You continue to use our chamber to be a catalyst for encouragement and commerce as we desire to reflect You as we build business, build community and build the Kingdom. Amen.