Skip navigation
SEMINAR: Riding Waves of Change

SEMINAR: Riding Waves of Change

If you’ve ever sat through one of Harold Lloyd’s appearances here at the show (and chances are you have, since this was his 16th consecutive appearance at an IDDBA expo), you walk out afterwards and think, “What does that man have for breakfast?!”

Ears ringing, eyes popping and thoughts racing, you come away from this industry veteran's mile-a-minute, combination pep talks and idea mills thinking about ways to improve your business right now. His presentations are fast, furious and funny, punctuated with a multitude of images that help illustrate his points (OK, OK, the photo I took caught him at a quiet moment).

This year’s theme is “How to E.C.L.I.P.S.E. Change”, a timely topic given the ever-expanding universe of competition, the still fresh scars left by the recession and, as always, the fickle nature of the food consumer. ECLIPSE stands for:

Educate Yourself: Read grocery and competing format publications; visit at least 25 non-supermarket businesses each year for ideas.

“Instead of sitting on the mall bench while your spouse goes into a store, get your keister into Victoria’s Secret and see how they do lighting. Get your carcass into IKEA and see how they do signing,” he said. “We need to get out and visit people smarter than us.”

Challenge Your People: Have your most important periodicals read and reported on by your “fast-trackers”; offer a “vacation idea bounty” that rewards anyone who brings back an actionable idea back from their time off.

“Maybe that company they visited is doing something or knows something they don’t,” he said, recalling a one such visit he made to a Canadian food retailer where he saw a 10-foot display of salt. “It made me think, ‘Maybe I should take a fresh look at the spice category.’”

Listen to the Whispers: Start a thing tank of company thought leaders; set up a system of “buoys” that can detect changes in trends or consumer buying.

“Get seven to 12 people together who meet once a quarter and talk about nothing but the future,” he said. “Employees, some department heads, a couple of store managers. Get everyone involved because you don’t know who will see the changes first.”

Interpret the Information: Join a share group and compare notes; get second opinions from people your trust.

Plan to Alter Your SOP: Promote internally and hire externally; spend 75% of your meeting’s agenda on future-facing topics.

“I sit in on some of your meetings and all the talk is about last week and last month,” he said. “Well, people, time is running out.”

Sell the Change: Avoid repetitive selling mistakes; make the incentive to change greater than the urge to stay the same.

“This is the biggie, folk,” he said. “When you know about a change in advance, a lot of the time it’s exciting.”

Evaluate Your Decision: Create consumer focus groups; humanely rotate management.

“This is my favorite,” said Lloyd, wrapping up. “End every meeting by asking, ‘Folks, what’s stupid around here?’ It’s a really disarming question that can reveal a lot of you’re listening.”