Five and dime stores like F.W. Woolworth were the
rage for many decades through the 20th Century. Founded in 1879,
Woolworth became a downtown fixture in cities all across America. At Woolworth,
you could find everything from penny candy to hardware supplies. You could buy
plants and pets. You could get a lemonade or a hamburger at the lunch counter. Woolworth
was the place to go to find whatever you needed. Now, Woolworth is a thing of
the past. How did a store that was such a symbol of America lose its power
base?
According to retail
consultant Kurt Barnard, “Woolworth lost its reason for being.” When the
discount department stores like Wal-Mart came to town, Woolworth didn’t change
with the market. “Woolworth is a brand that lost its relevance and was never
reinvented,” acknowledged Alan Adamson of Landor Associates. Woolworth felt
obligated to stay true to the spirit of the “five and dime,” and as inflation
set in, they cheapened the products they carried to keep their price point. They
lacked a visionary leader to clearly state the mission of Woolworth.
Radio stations have gone
through a similar pattern. In the 50’s and 60’s, you could hear everything from
Percy Faith and his Orchestra to the Rolling Stones on the same station. That
was then, and this is now.
Woolworth stopped looking
forward. They continued to look back at the way it used to be. Radio stations
also need to look ahead. Successful radio stations have a visionary leader who
can see trends as they come and adjusts the station to go in those directions. Having
the flexibility to change with the times and not be stuck in a preconceived
idea is what keeps radio stations alive.
Many program directors get
stuck by studying research. They are looking back at what was, as opposed to
looking forward to what could be. Research is only able to evaluate the success
or failure of what is already being done. Research can never offer new, creative
solutions because it is impossible for the audience to react to something that
hasn’t been done yet. Next year’s successful radio programmers are thinking in
new, creative ways today.
If a radio station is the
inspired invention of a dynamic Program Director, it will get noticed. The
station’s success is not dependent on how well it was researched. The original
Woolworth concept was the brainchild of F.W. Woolworth, not of a focus group. In
the end, Woolworth did extensive research to find out what it needed to do to
remain viable. It was discovered that the image of Woolworth was going to be
too hard to revive. Woolworth didn’t change with the times.
Is your station tomorrow’s
Woolworth? Or are you reinventing yourselves and setting tomorrow’s trends? Don’t
get stuck looking back. Keep your eye on the horizon!