Ahh to be an Alpha…?
Tuesday, April 15th, 2008I recently read an interesting article in B-to-B magazine about Alpha vs. Nonalpha companies and their business styles. Briefly, companies are categorized into two distinct thinking patterns. Nonalpha companies live in the moment; reacting to market trends and competition, while Alpha companies continually look to the future, anticipating and even creating market trends.
Contrary to author Wes Ball’s opinion, I think being a Nonalpha company isn’t the worst thing in the world - after all, not every company should strive to be Google, Dreamworks Animation or Trump Organization - the Alpha-Alphas of the world. However, if a Nonalpha THINKS it’s an Alpha company, there’s bound to be problems. That’s just a downright identity crisis.
Using Mr. Ball’s classifications, we’ve worked with both types of clients - growing with Alpha companies, and sweating it out as Nonalpha companies reallocated marketing funds towards sales incentives and rebates. Personally, I think (hope) that the line isn’t so clearly drawn, and that a prosperous company benefits from a combination of these styles. Let’s call it…Midialpha thinking. Or Semialpha. Quazialpha.
No matter where a company lies in the Alpha dimension, it’s important to connect with the end-user. Not only that, but it’s critically important to pass on a value, not just a feature. It’s the value that creates loyalty and sets a company apart from the rest of the pack. For Alphas, Nonalphas, and Somewhereinthemiddlealphas.