How to write Elevator Speech

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I want to share a simple way of writing Elevator speech which I learened while attending one of the seminars conducted by Tom Pryor at TMAC. I always had a difficulty in writing one, which really caught peoples attention. After searching for great examples of elevator speeches on google, I was still clueless till  I found this method.

Let us understand the anatomy of any Elevator speech. Basically there are 3 parts for an Elevator Speech:

1. Grabbing attention by explaining whose  problem you are trying to solve and will usually begin with :

Do you know how difficult it is for CNC Machinists replace parts of their old machines?”

2. Explaining what you do to solve the problem and will usually look something like this:

We provide OEM quality replacement parts  for  wide variety of CNC Machines at half the price”

3. Then you must give them the reason to believe , why they should come to you solve their problem. this will usually look somewhat like this:

So that you can double the life of your machines at half the cost”

Now putting it all together:

Do you know how difficult it is for CNC Machinists replace parts of their old machines?

We provide OEM quality replacement parts  for  wide variety of CNC Machines at half the price so that you can double the life of your machines at half the cost.

This is as simple as it can get but still if you need inspiration to write your own here is a link to some generic Elevator speech examples – Elevator Speech Examples

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A Lens to View the Transformation – Shingo Prize Model

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Often we need to see something of interest from differnt perspectives to get comprehensive understanding. The tools that allow us to see thing with different prespective is called a  “Lens”. This is very essential for a change agent involved in Transformation of a business.

Shingo Prize model offeres an excellent lens to view the transformation process. Let us first use typical Project management method as a lens. Using this you will view the transformation as different phases of the project mamngement:

  1. Initiation
  2. Planing
  3. Execution and control
  4. Closing

This will suffice if was just project management, but lean transformation goes beyond that. At strategic level we need to understand whether we have created a system which will be sustained with proper enablers in place. What most people don’t uderstand is that lean cannot be sustained if applied locally using few tools. It is has to be complete transformation of the entire system, the processes as well as the management system. Shingo prize model helps to identify what needs to be in place to strat this transformation (the cultural enablers) and then how the collective learning and implementaions of tools though out the system achive the goal of lean transformation, that is profitable business. Here are the phases of lean transformation as per Shingo Prize Model:

  1. Cultural Enablers
  2. Continuous Process Improvement
  3. Consistent Lean Enterprise Culture
  4. Business Results

If you are change agent trying to transform a business and have been wondering if you are on right track, step back look at the process using this lens.

You can read more about this at MissionModel

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