20 Business Lessons Learned from Monty Python
Similarly, while audiences laugh at the brilliant comedy of Monty Python, a closer examination of the show reveals its incredible insight into many aspects of the human existence, especially business and commerce.
Skeptical that there are indeed lessons to be learned from Monty Python? These 20 pearls of Pythonic wisdom will show you the light.
Branding
1. "Well,
before he
went he left
a note with
the company,
the effect
of which was
how
disappointed
he was with
your work
and, in
particular,
why you had
changed the
name from
Conquistador
Instant
Coffee to
Conquistador
Instant
Leprosy.
Why, Frog?"
In the quest
to be new
and
innovative,
brand
managers
sometimes
feel the
need to
tinker with
success
(think “New
Coke”).
Their ego
gets the
better of
their
judgment and
they push
forth ideas
they think
are creative
but are
unsuccessful
in the
marketplace.
The end
result is
that revenue
tanks. If
brand is
strong,
don’t mess
with it;
just adjust
the
peripherals
in order to
increase
sales and
industry
share.
2. "Nobody
expects the
Spanish
Inquisition!
Our chief
weapon is
surprise,
surprise and
fear, fear
and surprise
... our two
weapons are
fear and
surprise ...
and ruthless
efficiency.
... Our
three
weapons are
fear,
surprise and
ruthless
efficiency."
A corporate
brand should
have a
consistent
definition
in the
marketplace.
If public
confusion
exists about
what the
brand
represents,
sales will
suffer. If
the
corporate
executives
can’t even
come to a
solid
definition
of brand,
how is the
public
supposed to
properly
evaluate its
offerings?
Marketing
3. "There
is only one
thing in the
world worse
than being
talked
about, and
that is not
being talked
about."
Obvious
exceptions
aside,
conversations
about your
brand in the
marketplace
are usually
a good
thing.
Consumers
are
overwhelmed
with
options, and
if they see
or hear
something
about your
brand at the
time they
need to make
a purchase
decision,
they are far
more likely
to choose
it. If
marketing
professionals
can keep a
continual
ongoing
dialogue
about your
product in
the public
sphere, your
company
should see
improved
revenue.
4. "It's
just a few
friends call
me Two Sheds
and that's
all there is
to it. I
wish you'd
ask me about
my music.
I'm a
composer.
People
always ask
me about the
sheds,
they've got
it out of
proportion.
I'm fed up
with the
shed, I wish
I'd never
got it in
the first
place."
Marketing
also needs
to
strategically
guide the
marketplace
conversation
about your
brand. A
brand can
get
tarnished
with a high
profile
blunder that
can be very
difficult to
overcome.
Such an
association
could stick
in the minds
of consumers
and cast a
pall over
any future
branding and
marketing
initiatives.
Sales
5. "Yes,
it's one
pound for a
five-minute
argument,
but only
eight pounds
for a course
of ten."
Incentivizing
bulk
purchases is
always good
for
business. In
today’s
economy,
coupon-related
searches are
skyrocketing
because
everyone is
looking for
a bargain.
Give the
customer
more reasons
to spend
more money
with you:
The margin
might be
less but the
profit will
be greater.
6. "Ah
well, this
is your free
dead Indian,
as
advertised.
-I didn't
see that in
the adverts
-No, it's in
the very
small print,
you see,
sir, so as
not to
affect the
sales."
A good way
to irritate
customers is
to offer
“disagreeable”
terms and
conditions
that they
don’t learn
about until
their
transactions
have already
been
completed.
Sure, the
customer
might have
“consented”
and the
vendor might
end up
collecting
the
additional
revenue.
However,
this same
customer
will bombard
customer
service with
angry calls,
tell all of
his or her
friends
about your
company's
poor
policies and
post hate
messages on
the
Internet.
It’s always
more cost
effective to
generate
repeat
business
from
existing
customers
than acquire
new
customers,
so companies
should treat
their
patrons
well.
7. “I'm
afraid I'm
not
personally
qualified to
confuse
cats, but I
can
recommend an
extremely
good service.”
Unless your
business is
the size of
Wal-Mart, it
can’t be all
things to
all people.
It will be
more
successful
if you do a
few things
very well
instead of
doing
everything
badly. If
you can’t do
a good job
for a
customer,
you are
better off
referring
him or her
to someone
who can
better
address his
or her
needs. You
will gain
goodwill
both from
the
prospective
customer
(who will
come back to
you when he
or she needs
your core
services)
and from
referral
partners
(who will
refer
relevant
business to
you).
Marketplace
and
Competitive
Research
8. "So,
in, er,
three years
you've
spotted no
camels?
-Yes in only
three years.
Er, I tell a
lie, four,
be fair,
five. I've
been camel
spotting for
just the
seven years.
Before that
of course I
was a yeti
spotter."
It’s
important to
take an
unbiased
look at
prospective
commercial
opportunities
before
investing
much time
and capital.
Many
potential
business
models
appear to be
new and
innovative,
but if
demand
doesn’t
exist for
the service
or product,
you won’t
make money.
It’s also
important to
dispassionately
judge the
success of
these
investments
— if a
mistake is
made, better
to cut your
losses early
than
continue on
an
unprofitable
path.
9. "The
whole
problem of
Whicker
Island is
here in a
nutshell.
There are
just too
many
Whickers.
The
light-weight
suits. The
old school
tie. The
practiced
voice of the
seasoned
campaigner."
Many
marketplaces
are
overcrowded
and past
their peaks.
If there are
too many
similar
established
product or
service
offerings, a
new player
will not
likely be
able to
penetrate
the market
in any
meaningful
way. If the
newbie can’t
significantly
distinguish
themselves
from the
established
“old guard,”
the new
company is
much better
off finding
a less
crowded
market that
offers more
opportunity
for
visibility
and growth.
10. "Oh,
I see. I
hadn't
correctly
divined your
attitude
towards your
tenants. You
see I mainly
design
slaughter
houses."
Before
making a
presentation
pitch to a
prospective
client, it’s
extremely
important to
research
what they're
about. An
off-target
pitch will
waste time
and kill any
chance for a
prospective
business
relationship.
Customer
Service
11. "Now
I'm going to
ask you that
question
once more,
and if you
say 'no' I'm
going to
shoot you
through the
head. Now,
do you have
any cheese
at all?"
The key to
excellent
customer
service is
honest,
open, direct
communication.
It’s better
to tell
customers
something
they don’t
want to hear
rather than
string them
along only
to
ultimately
disappoint
them. When a
customer
believes he
or she was
mislead or
her or she
wasted a lot
of time with
no
meaningful
result, the
customer
tends to
become irate
and act
accordingly.
It’s not a
sin to tell
customers
that you
can’t
service
their needs
and they
should go
elsewhere.
12. "I
feel the
time has
come to
complain
about people
who make
rash
complaints
without
first making
sure that
those
complaints
are
justified."
It’s true
that many
consumer
complaints
are
unwarranted
and that
some people
have a
propensity
to whine
about
anything.
However, an
organization
still has to
take these
folks
seriously
and treat
their
complaints
as if they
were
justified.
Trying to
disprove the
validities
of these
complaints
would be a
serious
mistake; it
would waste
corporate
resources
and likely
embolden the
complainer.
The right
personal
touch can
turn these
people from
headaches
into zealous
advocates of
your brand.
Employment
13. “I
didn't want
to be a
barber
anyway. I
wanted to be
a lumberjack.”
Many
successful
people have
had rough
starts to
their
careers.
They’ve
switched
jobs
multiple
times until
they found
their
calling —
and once
that
happened,
they
excelled.
However, if
you stick to
a career
path that
you don’t
like, you
will
ultimately
have
incredible
personal and
professional
dissatisfaction.
Do what
you’re
passionate
about, and
you should
be able to
figure out
how to make
a living
from it.
14. “Of
course, it’s
a bit of a
jump, isn’t
it? I mean,
er …
chartered
accountancy
to lion
taming in
one go … You
don’t think
it might be
better if
you worked
your way
towards lion
taming, say
via banking?"
When you do
decide to
make a
career
change,
especially a
radical one,
make sure
there is
good reason
and
rationale
for your
decision. If
you're
questioning
whether
you're
making the
right
choice, make
the
transition
gradually
and leave
yourself an
“out” in
case you
later decide
you’ve made
a mistake.
Also,
remember
that you’ll
be taking
any and all
emotional
baggage from
your old
career to
your new
one, so try
to
proactively
deal with
the issues
that
hindered
your former
employment
in order to
avoid them
in your new
setting.
15. "I
clean out
public
lavatories.
Is there a
promotion
involved? Oh
yeah, yeah.
After five
years they
give me a
brush."
Many people
don’t
effectively
research a
new position
or employer.
They are so
excited that
someone
wishes to
hire them
that they
forget to do
due
diligence on
salaries,
career path,
bosses,
co-workers,
marketplace
competition,
etc. As
dissatisfaction
mounts, job
performance
drops and
soon, the
person is
unemployed
again.
16. "I
am not a
loony! Why
should I be
tied with
the epithet
loony merely
because I
have a pet
halibut?"
The days of
corporate
drone
employees
have long
since
passed. Some
of the best
and most
productive
organizational
members
might have
more than
just a few
quirks and
eccentricities.
It’s true
that these
folks might
be
scrutinized
a bit closer
by their
supervisors.
However,
bottom-line
business
performance
ultimately
is all that
matters in
an
organization,
not the
personal
characteristics
of its
members.
Business
Tactics and
Strategy
17. "The
only trouble
is, you gave
me the idea
before I'd
given you
the pound.
And that's
not good
business.
-Isn't it?
-No, I'm
afraid it
isn't. So,
um, off you
go."
Relationships
with
prospective
partners
that contain
confidential
business
intelligence
should
always be
governed by
contract.
Free and
open sharing
of
information
is done at
the peril of
the one
sharing in
absence of a
contractual
relationship
because the
recipient of
the
information
could
utilize it
without
giving
consideration
to the
person that
came up with
the idea.
18. "The
rules are
very simple:
each week we
get a large
fee; at the
end of that
week we get
another
large fee.
If there's
been no
interruption
at the end
of the year
we get a
repeat fee
which can be
added on for
tax purposes
to the
previous
year or the
following
year if
there's no
new series."
In a tough
business
climate,
it’s
advantageous
for a
business to
lock down a
secure
income
stream. A
company that
doesn’t need
to spend as
much time in
the sales
channel can
focus more
efforts on
marketing
and product
development
which should
lead to
higher
longer-term
revenue.
Also, it’s
smart to
lock in
bonus
incentives
into any
contract as
it gives
excellent
incentive
for peak
performance.
19. "It’s
only a flesh
wound."
No matter
how tough
the
marketplace
situation, a
business
must put
forth the
image of a
strong
player.
Consumers
will sense
“blood in
the water”
and shy away
from a weak
company,
forcing the
business to
cut profit
margin in
order to
keep
generating
revenue. If
this vicious
cycle
continues to
perpetuate,
business
stability
will be
threatened.
20. "A
nod's as
good as a
wink to a
blind bat,
eh?"
In the
business
marketplace,
you will run
across
players that
are far less
savvy and
sophisticated
than you. So
long as
appropriate
business
ethics are
followed,
it’s quite
acceptable
to crush
them with
the force of
a
16 ton
weight.



