Thursday, November 21, 2019

What Low-Hanging Fruit Means in Business

What Low-Hanging Fruit Means in BusinessWhat Low-Hanging Fruit Means in BusinessThe parole low-hanging fruitrefers toeasy-to-accomplish tasks or easy-to-solve problems in a particular situation. Itsa clich often uttered in business tischumgebungs that are widely used and occasionally abused. Tasks described as low-hanging fruit are inconsequential to the larger challenges. Much like the easy but low priority items on your to-do list, they mightbe quick for you to dispatch but relatively insignificant given your larger challenges. And just as time management experts suggest, focusing on the most important priorities will yield the best results. Business professionals should avoid preoccupying on what they deem as low-hanging fruit. The Original Meaning of Low-Hanging Fruit The phrase low-hanging fruit references the sweet, easy-to-reach fruit at the lower end of a trees branches. Orchard workers and homeowners appreciate the ease with which this fruit can be picked, in contrast to the effort required to reach the fruit found higher in the tree. Low-Hanging Fruit in Business Some of the goals you set for your organization will be easier to achieve than others. For example, ifyouve completed acustomer satisfaction survey thatshowed that customers are dissatisfiedwith your telephone support service, you might set a number of goals designed to fix the areas they critiqued. You might set one goal to answer all incoming calls within a certain period of time, and another goal might be to resolve ninety-percent ofcustomer support issues on the first call. The first goalis considerably easier to achieve.Improving the time-to-answer can bemanagedquickly by hiring more telephone representatives and buying any necessaryadditional equipment. Of course, adding staff and equipment requires access to capital, but this goal would still beconsidered the low-hanging fruit. The second goal is more challenging than the first, potentially requiring you to increase the technic al know-how of the customer service representatives as part of improving the overall customer experience. It involves employee evaluation, training, potentially eliminating some workers and hiring new ones, and a variety of other activities. Value in Low Hanging Fruit The low-hanging fruit is tempting, easily remedied, but potentially significantly less valuable than these latter, more challenging issues. Other examples of low-hanging fruit might include Customers who regularly re-order a product, requiring little more than an occasional reminder call from a schlussverkauf representative.Quality defects in manufacturing that are easily identified and repaired.Boosting employee morale through positive feedback and recognition.Remedying performance problems with constructive feedback.Satisfying a customer by accommodating a return request.Casual employee goal setting where the goals do not directly tie to the firms strategies.Process improvement initiatives where the simpler proce sses are attacked and improved before more complicated processes are evaluated. Ideally, those items we designate as low-hanging fruit are easily handled in the normal course of business by all associates. However, when we simplify our goals to focus on these simple items, we are potentially short-changing the firm. Remember great time management much like goal achievement focuses on the big priority items. Goal Selection and Low-Hanging Fruit Goals shouldntbe selected and pursued because theyreeasy. They should beprioritized in terms of overall importance toward achieving theorganizational strategy. Proper goal establishment includes linking the goals to key strategic priorities and building the mechanism for measuring and monitoring performance. If the goal does not directly connect to a firms key strategy, it likely should not be pursued. Low-Hanging Fruit Beyond Goals Low-hanging fruit doesnt only refer to goals. It can also refer to targets. Sales professionals will te ll you that its easier to get an existing customer to buy more than it is to gaina new customer. Some salespeople targetrepeat sales to existing customers because they consider themto be low-hanging fruit. However, if a firms overall health is predicated upon regularly capturing new customers, preoccupying on this easy-to-access business can be dangerous. Astute sales managers will ensure that their representatives strive for an appropriate balance of the low-hanging fruit with repeat customers and hard-to-reach fruit with new customers. The Bottom Line Beware the easiest goals. While the low-hanging fruit may be tempting, the true rewards oftencome from climbing higher and stretching for the real treasure in the higher branches. Updated by Art Petty

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