VOLUME 12 • ISSUE 1 • MARCH 2012
The official journal of the australian booksellers association
ISSN 1445-0437
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First be nimble: how to adapt, innovate and perfom in a volatile business world
In September 2012 John Wiley & Sons will be publishing Graham Winter’s newest book, titled First Be Nimble:
‘new technology’ formula. At least that was the plan until events conspired to put Alex and the ageing yet still sparking Jim McCrae together.
First be Nimble is an engaging story, Join Alex on the journey of his life, as he backed by detailed commentary and discovers Jim’s stunningly simple secret tools that follows the challenges and to personal and business success and triumphs of the people of McCrae’s Fine then confronts all the challenges of Chocolates a fictional (but very life-like) bringing that secret to life again in Australian business as they confront the himself, his leadership team and in reality that their very survival depends McCrae’s Fine Chocolates. on leaving behind many of the things What’s the secret? that made them successful and replacing them with a new more nimble, Every year Jim McCrae challenged his agile and adaptive approach. team to stop producing and selling one of their most successful product lines The reader will come to know and love and to create a new product featuring a McCrae’s Fine Chocolates, a home grown chocolate frog that had to be more Sydney institution that went from successful than the one it replaced. strength to strength until the retirement of its inspiring leader Jim McCrae. Five years of ‘steady-as-she goes’ leadership all but destroyed the company, and saw it snapped up in a ‘fire sale’ by Alex Reid a 32 year old internet entrepreneur with a small fortune made from by creating and selling one of the hottest online retail brands in Asia.
That seemingly simple challenge, cheered on by signs around the plant and offices that read, ‘Even Chocolate Frogs Adapt’ grew the business into a resilient and adaptive team who knew how to innovate their way out of adversity together. The frog challenge united the leadership team, aligned individuals and teams, inspired To Alex, the much-loved chocolate collaboration and stimulated the sorts of company is just a brand name and some conversations that help people to learn trademarks to apply a now successful and grow together. Unfortunately a series of events collided and when Jim reluctantly sold the business the secret went with him. The new management never even thought to look to the past 02 CEO’s report for ideas and in any event why would 03 President’s report anyone in their right mind stop producing profitable products? 04 Marketing ideas
Inside this issue 06 Conference preview 08 ABA member services 12
Digital report
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ILF report
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ABA products
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ABA news
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Bookshop profile
At the 2012 ABA Conference, Graham will acknowledge the challenges such as new technologies, high labour and store costs and aggressive competitors that confront booksellers. He will inspire you to meet these head on by adopting a business motto: First Be Nimble. He will show through practical examples and tools how they can:
•Be brave not busy – to focus on impact not activity •Crack open the bottlenecks that reduce responsiveness and add to costs •Co-create with their whole team and even with competitors •Leap, learn and adapt by ‘running experiments’ instead of waiting for certainty •Build performance partnerships instead of boss-employee relationships Graham will provide inspirational examples that will engage, empower and unite teams around a shared set of value that are integral to their business success, and show booksellers how they can implement their own ‘frog’ strategy to accelerate innovation. Most importantly, he will give booksellers the practical tools to adapt to change and create the performance conversations that help people to learn, grow and thrive together.
Graham is an Australian Psychologist/ As the GFC hit, manufacturing costs Management Consultant with a unique went through the roof and new blend of experience working with top competitors flooded the market, Alex national and international leaders and combined Jim’s home-spun secret with teams in business and elite sport across some cutting edge leadership and team the Asia Pacific and in other global tools to drive McCrae’s not just back into markets. He has designed and developed profitability but to a leadership position innovative and effective solutions to the in the cut-throat world of 21st century key challenges facing all businesses. manufacturing and retailing. News on Bookselling November 2011
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