Business Beginning With The Letter ‘P’

I am struck by how often the letter ‘P’ appears as the pneumonic device in many lists about how to do business better.

There is the four P’s of marketing first proposed by Jerome McCarthy in 1960: Price, Price, Place, and Promotion.

Paul Williams at Idea Sandox referred to a construct from Ingrid Bens for staying “tuned-in” to your audience as a leader: Pace, Process, and Pulse.

Brendon Burchard uses them in his 6 Questions for High Performance: Purpose, Presence, Psychology, Physiology, Productivity, and Persuasion.

And then this morning, I got a set of notes from John Spence this morning from his time at Entrepreneurial Masters program at MIT and he says, “To become world class you need the 4 P’s: passion, persistence, practice and pattern recognition.”

I am not a linguistic, but I wonder if there is something about common roots in Latin and Germanic language families that drives the frequency of P’s.

Go Author, Go

On the front page of the Sunday New York Times this week is an article titled “In E-book Era, Rule for Writers Is Type Faster!” The piece focuses on the additional work already busy authors are doing now as readers demand more new material. Some are writing more books. Some are writing novellas between books. Some are hiring writers so they can write more books.

There are some interesting thoughts between the lines:

  • Publishers want to be able to capitalize on faddish interest in an author with more stuff readers can buy. Does art go well with speed? Is there other ways to gain permission to talk to readers in between books?
  • Talent is scarce and once commercial success is seen publishers want to scale the art. What are the limits to that kind of effort?
  • Abundance of an author’s works correlates to more sales and through these additional avenues discoverability improves. Does lower prices have the same abundance effect? How about removing DRM?

Abominable

Bradford Wieners was tasked by Bloomberg BusinessWeek to profile Harvard Business School professor Clay Christensen and talk about Christensen’s new book How Will You Measure Your Life? for the May 7, 2012 issue of the magazine.

In describing Christensen’s latest book, Weiners writes:

“More accessible than Stephen Covey’s The 7 Habits of Highly Effective People, How Will Your Measure Your Life? is provocative but reassuring: Peter Drucker meets Mitch Albom. Landing as it does at the nexus of two abominable genres, self-help and business how-to, it earns easy credit for being low on psychobabble and casually self-aware.”

So, the new book is not bad, but that is easy given how horrible the entire category is.

If there is any question whether Wieners has bias, we only need to look at a Q&A published last week where he opens with:

“Yvon Chouinard, the 73 year-old founder of Patagonia, has a low opinion of business books. “I quit reading them 20 years ago,” he says, “when I realized that they had one simple idea that they expanded to fill the required space.” All the same, he has now written two.”

How exactly does that make the case for a reader to want any business book, let alone Chouinard’s new book that the rest of the interview speaks of?

I bristle when writers dismiss business books and I always take the bait, having to highlight the travesty and hyperbole of their statements. Abominable was the trigger of this episode. Moral revulsion is not the reaction most people have to business books. The majority are indifferent, but there are few of us who feel enriched by what gets published.

I was in New York City last month and stopped into The Strand just south of Union Square. I went down into the basement, as I always do, to see what I might find on the shelves of the business section. They always have a fascinating selection of new, old and very old. A young gentleman looking at the same shelves turned and said “It is good to see another person concerned about improving themselves.”

Where I Would Be Now

It’s hard to chart an alternative course for my life had I not started blogging, because every significant event in my career during the last ten years has come from this form of writing.

My connection to 800-CEO-READ came from an author who found my blog, saw my love for business books, and thought I should know that the nexus for the industry was less than 20 miles from my home. His introduction led to my first position at the company as a blogger paid to write about business books and continued for seven wonderful years.

When I left 800-CEO-READ in 2009, blogging directly led my to my next pursuits. A tweet from an editor in Spain connected me to the world of literary scouting. My renewed blogging about the future of publishing led to a project with the awesome folks at O’Reilly. My clients for book development have all come to read what I am about and what I believe and the conversations start at a much richer point.

As Hugh says in his new book, “Freedom is Blogging” and I couldn’t agree more.