November 17, 2024

You’re the Boss Blog: Confused, a Family Business Turns to a Coach

Courtesy of BariJay.Susan Parker (left) and Erica Rosenfeld: “Nobody knew what to do.”

She Owns It

Portraits of women entrepreneurs.

Susan Parker and Erica Rosenfeld, who are sisters, have run BariJay together since 2008. But during the last meeting of our business group, Ms. Parker said they have only recently settled into clearly defined roles that allow them to work together happily and effectively at their company, which manufactures bridesmaid and prom dresses. In the beginning Ms. Parker said, “It was kind of a free-for-all and nobody knew what to do.”

With an M.B.A. in finance, Ms. Parker immediately gravitated toward BariJay’s books. Ms. Rosenfeld, who has a background in publicity, took on advertising and marketing. But there were plenty of responsibilities left, including production. Ms. Parker said she tended to fill the void. “I wanted to learn production and was excited about it,” she said. With responsibility for finance and production, key aspects of the business that played into her background, Ms. Parker said she sometimes felt she was taking on too much.

The lack of clarity also caused confusion. “You didn’t know who was supposed to do what, and you never knew when you were stepping on someone’s toes,” said Ms. Parker. “I’d have a meeting with someone and my sister would say, ‘Why didn’t you tell me about it?’”

As the sisters struggled to define their business roles, the chaos began to affect their personal relationship. Finally, about four months ago, they decided to hire a business coach. Ms. Parker got the idea from the members of her Entrepreneurs’ Organization forum, a group of owners that meet monthly to discuss business issues. By the end of their first day-long session with the coach, each sister had a clearly defined role that took advantage of her skills and interests. Ms. Parker handles finance and production. Ms. Rosenfeld handles advertising, marketing, and sales. “Design was a little tricky,” said Ms. Parker. Ultimately, because the dresses must be designed in a way the company can produce, that function went to Ms. Parker.

“We got big lessons on the difference between accountability and responsibility,” said Ms. Parker. “We realized that if I’m accountable as the head of the company, it doesn’t mean that Erica doesn’t have her responsibilities, and that if we make her accountable for sales, it doesn’t mean that I don’t have mine,” she said.

Working with the coach was a great experience for both sisters, said Ms. Parker. In addition to helping them define their roles, he convinced them to create BariJay’s first business plan. Garment center businesses are run “old school, by the seat of your pants,” said Ms. Parker. When her father ran the business, BariJay had no formal policies or standards. She said she and her sister are working to change that.

The coach also emphasized the importance of daily “huddles,” said Ms. Parker. During these five- to 10-minute morning check-ins, the sisters meet with their assistant designer, a sales liaison, and the heads of production, bookkeeping and customer service. Each person has a minute to describe their biggest accomplishment from the previous day, their most important goal for the current day, and any issue that might require someone’s help.

These three points were carefully chosen to prevent participants from focusing on minutiae. “I don’t want to know every little thing they did,” said Ms. Parker. So the emphasis is on accomplishments, not tasks. Ms. Parker said she has been amazed by the level of teamwork these meetings have facilitated. Now, instead of operating individually, departments are making important connections. Over all, said Ms. Parker, the changes suggested by the business coach have made BariJay more proactive.

Have you had a good — or bad — experience with a business coach? Do you have thoughts on the best way to find one?

You can follow Adriana Gardella on Twitter.

Article source: http://feeds.nytimes.com/click.phdo?i=94600561811772bdfabfe760969ad6ed

With Xbox’s New In-Game Advertising, Engagement Is the Goal

On Tuesday, Microsoft is set to announce a new suite of advertising tools, called NUads, short for natural user-interface ads, that will let users interact with advertising on the console dashboard or embedded in games and other video content. The ads use the same voice and motion control developed for the company’s Kinect game console, which it introduced in time for the 2010 holiday season.

The new ads are intended to help advertisers keep the attention of Xbox users in a way that traditional television advertising does not.

“When you have highly interactive people and a passive medium, they are interacting with their phone or their laptop while watching TV,” said Mark Kroese, the general manager of the advertising business group at Microsoft. The new ads, Mr. Kroese said, “create a natural way for the user to engage with the TV.”

At least one advertising agency seems to agree.

“The new ad units really epitomized the level of engagement that everyone is working towards,” said John M. Lisko, the executive communications director of Saatchi Saatchi Los Angeles, part of the Publicis Groupe. Mr. Lisko said the agency had successfully advertised on the Xbox console in the past and was “absolutely considering” the new capabilities. “You can text, you can tweet, you can vote,” he said. “That’s phenomenal.”

Using voice commands, gamers will be able to send messages about an ad to a social networking site like Twitter by saying “Xbox Tweet.” Advertisers who want to send more information about a product or promotion associated with a campaign can prompt Xbox users to say “Xbox More,” which will send users an e-mail with the information they wanted.

For advertising tied to events like television shows, advertisers can prompt a user to say “Xbox Schedule” and the system will send a text message reminder to the user’s mobile phone. Similarly, advertisers can prompt users to say “Xbox Near Me” and a map to the nearest retailer will be sent to their mobile phone. Finally, advertisers can prompt users to vote on a topic by asking the user to wave their hand in front of the console and select their favorite pizza topping, superhero or clothing brand.

The new advertising options will be presented on Tuesday to advertisers at the Cannes Lions International Festival of Creativity, an annual conference for advertisers and marketers. Consumers will begin to see the new features in the spring of 2012.

The new ads will be simple for marketers to deploy since they can use the same commercials they would use on television.

“What we’re seeing now is a technology environment where marketers can deliver more sophisticated ads and they don’t have some of the hurdles that in-game marketers and in-game publishers had,” said Paul Verna, a senior analyst at eMarketer. “It’s a level of interactivity that suggests more possibilities than we’ve seen up until now.”

Article source: http://feeds.nytimes.com/click.phdo?i=9789c351370c43f93eb94396e1660cd4

Banks Turn to Schumer on Patents

After years of fighting Mr. Ballard at the federal Patent Office, in court and across a negotiating table, the banks went to see one of their best friends in Congress, Senator Charles E. Schumer of New York, who inserted into a patent overhaul bill a provision that appears largely aimed at helping banks rid themselves of the Ballard problem. The Senate passed the bill easily in March.

The proposal would allow banks to get a federal re-examination of certain patents that they have been accused of infringing, specifically limited to “a financial product or service.” The language is now included in a bill that may come to a vote in the House of Representatives as early as Wednesday. While at least two House members have moved to strip the provision from the bill, bank lobbyists have worked hard to defeat previous attempts to remove it.

Mr. Schumer and the Financial Services Roundtable, a business group that pushed the measure, say the provision is not focused on any one company but more broadly at “meritless litigation over patents of dubious quality,” as Steve Bartlett, the president of the Roundtable, said at a House hearing.

Mr. Schumer said that most of the largest New York banks had settled disputes with Mr. Ballard and his DataTreasury Corporation of Plano, Tex., and Mr. Schumer says those agreements will not be affected.

But DataTreasury and Mr. Ballard have fought back. They have hired their own Washington lobbyist, financed in part by the $400 million in settlements, jury verdicts and royalties earned in recent years.

In an interview, Mr. Ballard said the banks’ argument that they had embarked on electronic check processing — the process covered by his patents — long before his patents were issued is simply wordplay.

“You can say that about the guy who invented the light bulb,” Mr. Ballard said. “Steel had been around forever, tungsten had been around forever, glass had been around forever. But someone put all those elements together and created the light bulb.”

The patents at issue are called “business method” patents, which cover a process for performing a task but not necessarily the technology required to make it happen. Method patents are the bane of the corporate world, and business groups say they encourage frivolous lawsuits based on faulty application of patent law.

Mr. Schumer said he believed he did the right thing. “This is a case where one company has made a cottage industry out of extracting legal settlements by exploiting a fuzzy part of the law on patents,” he said. “When New York institutions are in the right and under assault, I will support them all the way. If these lawsuits are legit, the company should have no problem letting the patent office do an independent review.”

DataTreasury patents have already been reviewed and validated by the patent office, but the bill would allow for an expanded consideration of other elements in a new review format.

While other provisions address reviews for patents after they are issued, the language of Mr. Schumer’s provision seems aimed at banks or, specifically, “a method or corresponding apparatus for performing data processing operations used in the practice, administration or management of a financial product or service.”

The DataTreasury camp says it has little doubt that the Schumer provision is aimed at the company. “There’s no question about that,” said John Feehery, a prominent Washington public relations executive and a spokesman for DataTreasury. “It’s a specific provision aimed at a small company.”

Supporters insist that the provision can be used against patents for electronic commerce in any industry, but banks have been especially energetic in their support of the measure.

Article source: http://feeds.nytimes.com/click.phdo?i=632f80ddd03dba418651db0b92267f4e