In addition to operating Joint Communications, Parikhal has also formed a partnership with global media and entertainment expert Taran Swan who has worked with market leaders Disney, Nickelodeon and Cartoon Network over a twenty year media and entertainment career. Earlier this year the two multi-media doctors unveiled their latest venture, The Media Fix blog at http://www.gomediafix.com. It’s a must see site for all media and marketing executives who choose to be actionable in their approach to today’s solutions.
John Parikhal on imagination: If you take the commitment away from imagination, eventually you’ll even lose corporate focus.
e-QB presents excerpts from the NovemberFMQB magazine Cover Story with John Parikhal, CEO, Joint Communications
On the core concept of his new blog The Media Fix… The Media Fix became a way for us to start a dialog around the ongoing critical issues of the Internet, integrating ideas that parallel the broadcast and related fields. It’s not strictly about the digital space. We’re interested in all areas of media and technology focused on this changing world and its effects on the consumer. I’ve always been consumer focused. We want to stay on top of change to anticipate and help companies take effective competitive action while staying connected with the consumer.The Growth Curve is an important part of assessing where a company is and where it will go. Phase 1 in almost every business is the Discovery Phase during which you are figuring things out and investing a lot of time in the process which begins with losing more than gaining. You actually go down the Growth Curve before you go up. Once you discover what is really working you start duplicating the pattern of success. The Phase 2 is the Normative Phase where you duplicate what you have discovered and formatting becomes king. It’s also where you make the most money because of the repetition process. The Phase 3 is to rethink and modify what’s worked for you in Phase 2. It’s critical to the future of your business. You can get trapped in Phase 2 because of consistent success through repetition. However if you’re not thinking ahead and modifying your model, someone else will do it for you which can lead to disaster.
On the “Growth Curve” concept on the site which is an integral part of John’s strategic thinking…
On applying this concept to the radio industry…Radio is rethinking, modifying and innovating a lot these days. Some radio companies are doing really smart and creative things on the Internet. Radio is asking for innovation from their suppliers because they had to. You never really change unless you have to. As you move along the Growth Curve, whether you like it or not, after you make a lot of money duplicating the old pattern, it stops working and everybody always ends up at the rethink and modify stage or else they die.Radio is being innovative but there’s often confusion between innovation and top down initiatives. Top down initiatives are seldom innovative. They are usually the result of a committee meeting and jamming out something that’s sub-optimal but agreeable to all parties. Consolidation was developing managers burdened with too many responsibilities and radio lost its innovative edge.