The Oakland A’s do not have a lot
of money to spend on baseball players, the way teams like the Red Sox and
Yankees do. Michael Lewis wrote Moneyball,
which then became a successful movie, profiling their General Manager, Billy
Beane, and the approach the Oakland A’s took in identifying talent and finding
success with less resources than other teams. The book has been a lightning rod
since its publication for a myriad of reasons that are mostly too boring to get
into. Basically, many took it as some sort of hagiography of Billy Beane and misinterpreted
the message. The book is about exploiting inefficiencies. Michael Lewis made
his bones writing about markets, and still does, and in this baseball story he
found some interesting marketing inefficiencies that the Oakland A’s were
exploiting. Now, it’s over a decade later and those inefficiencies are no
longer inefficient. They are known by all teams, fans, writers and even the
players themselves. And the Oakland A’s keep winning with resources that
suggest they shouldn’t. That is because, in a nutshell, there is a new
inefficiency, and that inefficiency is execution.
One of the key quotes that
immediately clues us in that this is “not just a baseball story,” comes from
the Oakland A’s current Director of Baseball Operations, Farhan Zaidi, “We’re not trying to be smarter than anybody else. We’re just
trying to stay true to our philosophy of building a baseball team.”
The lesson within the article is
actually relevant to any organization or business, but since my particular
interest is legal marketing, I’ll focus on that. I receive, like many
marketers, a barrage of daily industry information in the form of articles,
books, white papers, webinars, podcasts and every other medium designed to
deliver a message. The duplicative content of much of this onslaught is
exhausting. Content marketing is king. There is a new normal. Add video. Stay
engaged. Automate. Pine for and mine big data.
As a sample, here are three
headlines for content sent to me before Noon on Wednesday June 5th,
2014:
o How Does Business Intelligence Improve Your Bottom Line?
o How CMOs and CIOs are working to improve business with
technology
o
Marketer's
Guide to Mobile Engagement 2014
I don’t have an opinion either
way on the content of these articles (or presentations or 3-D virtual reality
seminars, whatever they may be). I don’t have a problem with any of the
headlines. I can’t write headlines, mine are no better. What strikes me as I
look at the plethora of knowledge in my industry is how transparent and ubiquitous
the playbook is.
Folks who do not work at law
firms and have very little experience with firms as a business typically start
a conversation with, “How do you market a law firm?” But within the industry,
the answer to that question is known across the board. Being a bit of a contrarian by nature, I’m
always looking for some new angle or some popular technique to dislike or rail
against. But, the Oakland A’s story gets straight to the point – there is no new
angle.
Let’s get back to the story. The
meat of it, the point of this post in one quote from the story, comes from
Posnanski summing up the secret to the Oakland A’s success:
No, it's not about
KNOWING things others don't. It's about ACTING differently from other teams.
Acting differently comes down to
execution. For the Oakland A’s they cannot afford to get seduced by a
hard-throwing left-handed pitcher who, if they could just teach him to throw
strikes would be a superstar. It doesn’t matter that other teams do this. In
legal marketing, we cannot afford to have some portion of the team operating
outside the organizational philosophy. It does not matter if there are office
politics at stake. The Oakland A’s cannot afford to ignore a 27 year old minor
league hitter that is tearing the cover off the ball just because he is too
old. If he can hit, he can hit. Why he didn’t hit in the past is not of any
concern to them because they are playing baseball in the present. Legal
marketers cannot afford to take half measures and shortcuts or use short-term
minor successes as evidence that the long term vision is flexible. I mean, yes,
be adaptable. But don’t abandon principle.
Strategy is fun and
intellectually stimulating to discuss and craft. I love strategy. Spending an
inordinate amount of time strategizing is a great way to sound fantastic at
meetings and not further the firm’s goals. The real work, the work that pays
off and shows up, is painstaking. It is filled with details that cannot be
overlooked or tossed aside. Strategy is big and broad. Execution is a daily
process. It is tiny. It is necessarily stubborn and slow. It is extremely
tempting to look at the competition, see something new and exciting, and take
off in an entirely new direction. The Oakland A’s choose not to do that. They
know the playbook, it’s the same playbook every other General Manager in
baseball has, and they focus on execution and ignoring the temptations to
stray. And there are many temptations.
The marketer down the
street is just as smart as you. The attorneys down the street are just as smart
as your attorneys. The market inefficiency is not intelligence or skill. It’s
execution.
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