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The Psychology of Business Storytelling ©
Ne-Lo.
The Psychology of Business Storytelling ©. The
Psychology
Published in 2019 by Element X
to Apple iBooks Store, Blurb stores, and Amazon
of Business
Copyright© Element X Pty Ltd 2019
Written by Ross Hastings and Kieran Antill
Edited by Shane Duggan and Kirsten Craven
Storytelling
All rights reserved. This book is sold or downloaded subject to
the condition that it shall not be resold, lent, hired out or otherwise
circulated without the express prior consent of the author(s).
www.ne-lo.com
The business examples quoted in this book have been the result
of both direct Ne-Lo projects and extensive desktop research of
publicly available information. If representatives from any of the
included businesses would like their inclusion edited or omitted the
authors would honour this request.
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The Psychology of Business Storytelling. ©
Contents
P_48 Visualisation.
If a picture is worth a thousand words, a metaphor is worth a
Module_3 thousand pictures. This third module brings your Narrative Compass
Framework© to life in an inspiring, shareable format.
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Introduction
Introduction_
The Psychology of Business Storytelling ©
A place to start_
In your own words, before reading on, note down what you
currently believe the story of your business to be.
Robert Shapiro, former Chairman and CEO of Monsanto Corp and Nutrasweet Group.
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Introduction
Cognitive Behavioural Stakeholder System_ The Psychology of Business Storytelling ©
Your narrative is delivered across a complex Touch-points create internal and external
system of internal and external touch-points. experiences across your business. The sum
of these experiences is your story.
These are congruent and/or incongruent touch-points with varying
degrees of impact. This is as much about how your people act and Congruent and impactful touch-points create powerful experiences and
your leaders lead as it is about a product or an advert. an impactful story, either positive or negative. Conversely incongruent,
non-impactful touch-points create vague experiences and therefore a
weak story.
) Ex
SX te
(I
rn
al
e
enc
Sta
ho l d e r E x p e r i
ke ho l
d e rs E x p e
Touch-points Touch-points
ke
Sta
enc ri
al
e
n
er
(E
t SX
In )
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Introduction
Cognitive Behavioural Stakeholder System_ The Psychology of Business Storytelling ©
Experiences form beliefs. In other words, your Beliefs drive the behaviours of your
story forms the beliefs that internal and external internal and external stakeholders.
stakeholders hold about your business.
The stronger the beliefs, the more reliable the behaviour.
The more powerful the experience, the more impactful You can think of this at an individual or collective level.
the story and the stronger the beliefs. Remember, this can
be positive or negative.
Ex
Ex
X)
X)
ter
ter
(IS
(IS
nal
nal
Exte
n a l B e h a v i o u rs
ce
ce
ke ho l d e r E x p e r i e n
ke ho l d e r E x p e r i e n
Stak
Stak
Exter
al Beliefs
External Beliefs
Internal Beliefs
r n a l B e h a v i o u rs
e ho l d e r s E x p e r i e n
e ho l d e r s E x p e r i e n
nal Beliefs
Touch-points Touch-points
Intern
Inter
Sta
Sta
nal
nal
c
c
e(
e(
er
er
ES
ES
Int
Int
X)
X)
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Activity 0.2
Introduction
Cognitive Behavioural Stakeholder System_ The Psychology of Business Storytelling ©
Ex
X)
ter
(IS
nal
ce
ke ho l d e r E x p e r i e n
Stak
Extern
l Behaviours
External Beliefs
Internal Beliefs
e ho l d e r s E x p e r i e n
Results
Results
a l B ehavi ours
Touch-points Summary_
Interna
the full system and enact change at a touch-point level. Many businesses
e(
er
ES
Int
chase quick wins by targeting behaviours through the likes of discounts and
X)
Module One_
rn
e(
al
enc
Sta
ho l d e r E x p e r i
ke ho l
d e rs E x p e
ke
Sta
enc ri
al
e
n
er
(E
t SX
In )
- Unknown
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Activity 1.1
Activity 1.2
Module One
The Psychology of Business Storytelling ©
Write or sketch who you currently Write or sketch who you currently
see as your internal stakeholders. see as your external stakeholders.
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Module One
The Psychology of Business Storytelling ©
(I
rn
al
ce
Internal stakeholders experience a vast number External Stakeholders are all groups that
rien
Sta
of touch-points, including interactions with each experience your products or services. This can
ke ho l
er Expe
other, leaders, systems, internal comms and so be either directly (eg. a customer) or indirectly
d e rs E x p e
on. They are also the people that influence the Touch-points (eg. being told a story or reading an article
ke ho l d
enc ri
lS
Consider:
na
e
In this definition of Internal Stakeholders, don’t Clients
er
(E
t SX
In )
forget the partners, agents and contractors that Consumers
act on behalf of your business. Customers
Communities
Consider: Shareholders
Employees Future employees
Boards Former employees
Agencies Sponsors
Consultants Influencers
Supply chain Friends and Family of all
Contractors of the above
+ +
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Activity 1.3
Module One
The Psychology of Business Storytelling ©
Module One_Reflection
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Module Two
The Psychology of Business Storytelling ©
Module Two_
Mark Turner, The Literary Mind, professor of Cognitive Science, Case Western Univ.
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Module Two
The Psychology of Business Storytelling ©
Purpose_
Function: Inspirational layer
Mission_
Function: Strategic layer
Values_
Function: Behavioural layer
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Module Two
The Psychology of Business Storytelling ©
Purpose_ Purpose:
Function: Inspirational layer What is the fundamental belief
that inspires your business?
This is your inspirational layer, which provides an emotional connection
for your employees and customers. Your Purpose shouldn’t mention your
industry, services or products - it is an overarching, out of industry belief.
When someone connects with the higher Purpose of a business, it makes the
relationship more lasting, positive, meaningful and motivating.
Vision_
Function: Aspirational layer ™
Mission_
Function: Strategic layer
Values_
Function: Behavioural layer
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Module Two
The Psychology of Business Storytelling ©
Purpose_ Vision:
Function: Inspirational layer What do you aspire to achieve in your industry?
Your business’ Vision is the difference you want to make in your
specific industry. It should still be high level and big picture. It is not a
strategy or goal and may not be directly achievable, but it’s something
that’s exciting to aspire towards.
Vision_
Function: Aspirational layer ™
“We aim to inspire the world by showing “To inspire and develop children
it’s possible to simultaneously deliver to think creatively, reason system-
happiness to customers, employees, atically and release their potential
vendors, shareholders, and the community to shape their own future.”
in a long-term, sustainable way.”
Mission_
Function: Strategic layer
“We work to defend software freedom, “To become the World’s Most
connect people and ideas, and show the Loved, Most Flown, and Most
world the power of the open source way.” Profitable Airline”
Values_
Function: Behavioural layer
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Module Two
The Psychology of Business Storytelling ©
Purpose_ Mission:
Function: Inspirational layer How will you get there?
What will you do, or are you doing, to work towards your Vision? Missions
can be product and market specific and should both incorporate and inform
your business strategy (eg. McKinsey’s three horizons of growth), thus
ensuring strategy remains focussed on moving towards the company Vision.
This layer is reviewed regularly, during strategic planning.
Vision_
Function: Aspirational layer ™
“We are a service company who “Inspire and develop the builders of
happen to sell (insert; shoes, handbags, tomorrow. Globalise and innovate
clothing, accessories etc.)” the LEGO system at play.”
Mission_
Function: Strategic layer
“Be the world’s leading provider of en- “Dedication to the highest quality
terprise open source solutions….. help of Customer Service...”
standardize across environments, develop
cloud-native applications, and integrate,
Values_
automate, secure, and manage complex
environments with award-winning support,
training, and consulting services.”
Function: Behavioural layer
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Module Two
The Psychology of Business Storytelling ©
Purpose_ Values:
Function: Inspirational layer How will we behave along the way?
Your Values are the agreed way of being, individually and collectively. They
are your strengths and what you want to be known for as you pursue your
Mission and Vision. Ultimately they will guide the behaviours and actions that
form the touch-points that make your brand.
Vision_ ™
Mission_
Function: Strategic layer
Servant’s Heart
• Follow The Golden Rule
• Treat others with respect
Values_
• Embrace our Southwest Family
Fun-LUVing Attitude
Function: Behavioural layer • Be a passionate Team Player
• Don’t take yourself too seriously
• Celebrate successes
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Activity 2.1
Activity 2.2
Module Two
The Psychology of Business Storytelling ©
Module Two_Reflection
Purpose_ What is the fundamental belief
that inspires your business?
Inspirational layer Having reviewed the Narrative Compass Framework©, are there any layers
that your business is missing? Or do you have any that don’t fit? If you
have all the layers, do they make sense together and inter-relate to create a
compelling narrative?
Long-
term
Reflecting back on your story (ISX + ESX = your story). Do you think your
Mission_ How will we get there?
Mid- stakeholders would have the same perception of your narrative as you do?
Strategic layer term In other words; does your desired story match your actual story? Does this
differ across stakeholders?
Short-
term
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Module Two
The Psychology of Business Storytelling ©
(extended)
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Module Two
The Psychology of Business Storytelling ©
Each of these destinations has it’s own road and its Vision Vision Vision
own way of driving, giving the leadership teams of
each business the autonomy to develop the Mission
and Values that best serve to achieve their Vision.
There may, of course, be some Values that are
consistent across the businesses.
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Module Three
The Psychology of Business Storytelling ©
Module Three_
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The sun
Inspirational layer
The sun
In this journey, the Purpose is represented by the sun. This is the ever
present guidance for everything you do.
The horizon
The Vision is shown by the horizon. In this case, a gap in the mountains.
This is the current long term destination for your business. Over time, you
The horizon may adjust this as you see a slightly better opportunity. It won’t change
Aspirational layer
much though, as it’ll still be heading towards the same sun.
The road
The road The Mission is the road or path that we’re on. This is still fairly set, but
Strategic layer we must constantly be on the lookout for better routes. Think of your
GPS giving you an alert that a faster route has been found. It’s always a
better or faster route to our ultimate destination (Vision) though.
How we drive
Values are represented here by driver behaviour. How long would
your journey take if nobody knew whether to drive on the left or right,
whether to give way to the left or to whoever arrives at the junction first?
Or, would you even reach your destination?
How we drive
Behavioural layer
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Module Three
The Psychology of Business Storytelling ©
Image
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Activity 3.1
Module Three
The Psychology of Business Storytelling ©
have incomplete narratives. Does your Narrative Compass Framework© come together well and make
sense as a whole? Is there a better journey metaphor that springs to mind
for your business? Do you fall in to any of the four archetypes on the
previous page?
We are Values-driven. We are Visionary.
A business that is only clear on their If a business is purely focused
values is saying; “this is how we want on Vision, they are presenting a
to behave, but we have no idea destination for the future but they’re
where we are going”. This is where lacking “why this is where we’re
we start to see generic lists of Values, going”, “where we are now” and
and maybe even acronyms. “how we’re going to get there”
elements of the narrative. Often,
We are Mission-driven. we see these businesses inspired
early, but failing to move forwards
A business with only a Mission is on effectively, as there is nothing to
a road, but they don’t know where guide them on a day-to-day basis.
it is going or how to drive. Here
you can imagine driving along and We are Purpose-driven.
looking at the end of the bonnet -
everything is coming at you, fast! A purely purpose-driven business
All you can do is react, with no would have a fundamental belief
consideration of what impact it has that drives them, and may even
on you or others. This is where we inspire. But they lack even the
see businesses struggling to make clarity of which industry they’re in,
sense of change and attempting to or what impact they want to have,
innovate, but with no direction. meaning they may dabble in multiple
industries without any real idea of
what they aim to achieve.
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Module Four
The Psychology of Business Storytelling ©
Module Four_
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Activity 4.1
Activity 4.2
Module Four
The Psychology of Business Storytelling ©
Measurement_ Tracking_
Establishing measurements for your storytelling involves three steps: Once you have established key success measures and identified the required
1) Identify the key success measures, based on what’s relevant to your data and research tools, you can identify the system for tracking progress:
business and your identified stakeholders. 1) How often will you report on key measures?
2) Review relevant tools you currently have in use or available 2) Who is responsible for ongoing data collection and reporting?
3) Fill the gaps with the required tools or research capability.
This can be from Ne-Lo’s tools, either in-house or through certified partners. Who may be responsible for this in your business?
Optimisation_
What good are high quality insights if you aren’t able to act on them
Insights_ efficiently? Having a clear system of roles, responsibilities and accountability
It’s more common for orgnaisations to over index on data and under index
in place from the start is critical to being able to use insights to optimise your
on insights. Developing a robust system of measurement rather than a series
approach quickly.
of unconnected tools will allow you to report coherent insights rather than
reams of data.
Who would likely fill these roles in your business?
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Strategic Projects
Strategic Projects_
The Psychology of Business Storytelling ©
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Strategic Projects
Refer to Ne-Lo Project Map over page The Psychology of Business Storytelling ©
Operational Projects
Data & Research (0-1 year)
Tools
Finally, operational projects should
We have also considered how we bring your strategy to life. This is
will track progress. These measures the layer that directly drives the
should be considered at the launch touch-points that form your story.
and completion of each project, as You’ll notice that there is a tracking
well as during as required. progress layer in between the
operational and strategic layers.
This highlights the importance of
reviewing progress and optimising
strategy accordingly.
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Strategic Projects
The Psychology of Business Storytelling ©
Storytelling Framework
Projects
Stakeholder Mapping Purpose, Vision, Mission, Values Alignment Visualisation Measurement, Tracking & Insights Framework
Leadership Capability Strategy Employee Experience Strategy Brand Strategy Marketing Strategy
Also consider
other drivers
unique to
Review & Optimise Review & Optimise Review & Optimise Review & Optimise your business
Measurement & Tracking Measurement & Tracking Measurement & Tracking Measurement & Tracking
Identify: Talent Mapping Employer Branding Campaigns Audience Segmentation & Insights Marketing Plan
Operational Projects
Measure: Leadership capability Targeted Culture Change Programs Branding / Re-Branding Comms / Campaign Plan
0-1 year
Develop: Leadership Learning On/Off boarding design Emotive Brand Story Creative Development
L&D alignment
Data & Research
Tools
Gap analysis Leadership Survey Culture Survey Brand Health Touchpoint audit Competitor analysis Customer Research
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Activity 5.1
Strategic Projects
The Psychology of Business Storytelling ©
Final Reflections_
After evolving it throughout the workbook, can you articulate what you think Who do you need to bring together in your organisation,
your current story (ISX + ESX) is? Does it differ across stakeholders? to work through the modules in this book?
In your opinion, what should your desired story be? In what areas may you need help from Ne-Lo?
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