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This file was generated by Descript 

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Victoria: if you want your target audience
to remember the message the next day.

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Tell a story.

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voiceover: A key component of the
modern world economy, the chemical

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industry delivers products and
innovations to enhance everyday life.

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It is also an industry in transformation
where chemical executives and workers

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are delivering growth and industry
changing advancements while responding

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to pressures from investors, regulators,
and public opinion, discover how

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leading companies are approaching these
challenges here on the chemical show.

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Join Victoria Meyer, president
of Progressio Global and

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host of the chemical show.

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As she speaks with executives across the
industry and learns how they are leading

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their companies to grow, transform, and
push industry boundaries on all frontiers.

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Here's your host, Victoria Meyer.

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Victoria: Hi, this is Victoria Meyer.

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Welcome back to The Chemical Show,
where Chemicals Means Business.

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Today's episode is episode 161,
and it's about powerful business

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storytelling and how you can use
these five tactics to make your case.

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This is a refreshed episode
from one that I had published.

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Earlier in 2023, and I thought it
was really critical to bring these

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same points back to you today.

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As I'm publishing this, and as you're
listening to this, it's a big couple of

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weeks for trade shows and conferences
across the chemical industry.

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We've got NYSCC Suppliers Day, where
I'll actually be on site this week.

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ACS American Coatings Show
and NPE The Plastic Show.

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Each one of these conferences and trade
shows is unique in that it's both a

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combination of speed dating, you know,
Having these fast moving meetings with

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current and future business partners,
as well as an opportunity for companies

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to be introducing new products, new
innovations, and new solutions to their

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customers and their business partners.

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The challenge and the challenge
with these shows, and again,

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which will have thousands of
exhibitors is: How do you stand out?

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And how do you help your customers,
current and future, understand you and

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understand your products and do it in a
way that's compelling and do so in a way

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that when they get back to the office
this week, next week, the following

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week, they'll remember what distinguishes
you, your company, and the products or

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solutions that you are bringing to market.

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Ultimately so that they return your
phone call; that they set up a meeting;

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that you develop a project together,
which helps you place your products

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and services, do business together,
make a formulation change, et cetera.

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All of the things that
you're hoping will happen.

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Cause again, companies go into these
conferences, spending thousands of

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dollars, just in setting up booths and
spaces  thousands of dollars, thousands

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of hours of their people's time.

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By the time you start adding it up, right?

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When you put all the, the people into
it, that have done the preparation

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work and that are there on site.

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And you want to ensure
that you're creating value.

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You want to ensure that the investment
that you're making in time and

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resources and people is really critical.

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And to me, the biggest piece
of this is around storytelling.

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And so I think I'm going to challenge you.

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I'm going to challenge myself to observe.

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What kind of storytelling do
you see at these conferences?

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And the key with storytelling,
and I'm going to get into this as

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we go further into this episode,

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it's really shifting from
just the facts, right?

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Okay.

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Facts, figures, data, which are
definitely important, but are also

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assumed to be available to storytelling,
which captures your listeners.

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Captures your customers in your
audience, helps them remember you

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and compels them to take action.

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And the solution to all of this
is powerful business storytelling.

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As you listen along to today's episode,
you're going to get five key action

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steps, as well as some examples
and some other facts and figures.

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You're going to get the story.

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That is going to help you remember this
and hopefully help you to implement this.

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Now, I do have a challenge for you.

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I would like to hear your best
example of a story that either you

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used, somebody in business used
and that really stood out for you.

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And it's the way in the use
of storytelling to create that

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compelling value proposition.

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To really create the hook and the
insight and the use of that as

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opposed to just facts and figures.

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In the show notes here today of this
episode, there is a link to speak pipe.

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And what I want you to do is to
hit the link from your mobile

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phone and then just record it.

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Give me one minute of a story that you
heard and what made it stand out for you.

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And for those listeners that

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submit that story.

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I'm going to give you a chance.

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I'm actually going to probably put it on
a future episode, one of the next episodes

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or publish it on the website so that we
can share your insights on storytelling.

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Cause that's absolutely
what I want to hear.

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Now onto today's episode,
today's topic, the importance of

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excellent business storytelling.

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Storytelling in business is critical.

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It's not about fairy tales.

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It's not about making up It's really
about controlling the narrative on your

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business or aspects of your business.

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We do it every day.

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I mean, I think humans in general are
storytellers and if you look through

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history, a lot of our history is
oral history and it's through passed

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on through storytelling and we do
a lot of it in business, but it's

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not always as deliberately, it's not
always as deliberately as we could.

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Or should I've talked about this before?

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It is really critical for companies
and leaders to own the narrative.

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Um, and as I like to say, if you
don't tell your story, someone else

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will, and they're going to tell it
in their way, embellishing details

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that support their point of view.

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And not yours.

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So what stories are we talking about?

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These are stories about
business performance.

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It's about your products and your company.

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It's about ESG and sustainability, right?

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There's a multitude of places that we can
be telling stories and should be telling

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stories and really owning that narrative.

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So Um, on episode 106, I spoke with
Kevin Itry of Grace Matthews about M&

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A for chemicals and material companies.

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And if you listen to that episode,
you'll recall that Kevin talked

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about when a company is in a deal
making process, let's just say

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potentially selling their business.

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It is Absolutely critical to articulate
that business story in a compelling

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manner, where you are today, where your
business is going, managing the story, the

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narrative, the optics, and really creating
value in the eyes of the beholder,

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whether it be the buyer or the seller.

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Right.

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This is also supported by a recent
Harvard business school study about

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economics, not about storytelling.

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This was about economics.

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What that study found is if you
want your target audience to

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remember the message the next day.

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Tell a story.

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So Thomas Graber, who's a professor at
Harvard business school, conducted this

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study entitled stories, statistics, and
memory, and he found that people were

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more likely to recall information over a
much longer period when it's wrapped in an

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anecdote as opposed to statistics, right?

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And I think across the
industry, we are number lovers.

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Um, and it's easy to say, well,
the numbers tell the story.

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I'm sorry, the numbers
don't tell the story.

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The numbers tell us something and it
relies on us as individuals and as

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leaders to wrap a story around it and
make sure that when people are looking at

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the numbers, understanding the numbers,
that we help them use using a story.

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We help them get to the answer.

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For simplicity, when we talk about
business storytelling, I'm breaking

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this into two broad categories.

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One is the brand story and
variations of it, right?

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Your company, your people, your
products, and the value they create.

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There's a multitude of stories
that need to be told around that.

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The second type of story that
it's really critical to manage

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and own is the results story.

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Your business performance.

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Your business strategy and vision,
the direction that you're going,

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heck stories around negotiations and
how that needs to take place, right?

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There's again, when you think about
the results story, there's multitude

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of places that stories need to be told.

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How do you tell a good story
about your business though?

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Right?

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So when you think about that, what
is critical in telling that story?

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So number one, the storytelling,
when we think about business.

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It's really about interpreting the
facts, storytelling, not just about

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business, but about life is about
interpreting the facts, right?

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So you and I have both had the
experience where you're telling a

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story and you're about an experience
that you had with a friend and your

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friend is telling the same story.

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Completely differently, right?

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They experience differently.

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They narrate the story differently.

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Stories can be told in
a multitude of ways.

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And that's really because storytelling
in many ways is interpreting the facts.

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It's creating the emotional connection
and helping cement that event, the

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facts, et cetera, in somebody's mind.

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When you're getting ready to tell a
story and really deliberately thinking

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about the story that you're telling.

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There are a few things that a
few pointers that I've got to

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help with business storytelling.

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Number one, start with the end in mind.

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We've heard the Stephen Covey Statement
of start with the end in mind.

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This is true.

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Storytelling, what response
are you trying to drive?

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Are you trying to gain support,
understanding, anger, alignment,

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hope, belief, understanding.

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I'm bringing that
understanding back again.

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What is it that you want your audience?

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Whether it's an audience of one
or an audience of many to walk

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away with right choosing the
right information and timeframe.

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We talk about this in the context of
business reporting business storytelling

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my example with Kevin Yttre when a company
is getting ready to sell its business.

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Telling the right story, picking
the right information, picking

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the right timeframe as part of
your setup for your story, right?

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Visual support, right?

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Visuals are so critical, whether it be
a chart, whether it be an actual image,

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a picture paints a thousand words, or
maybe it's a, I'm going to talk to you in

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just a moment about the use of props and
storytelling and how powerful that can be.

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And then word choice, word choice matters.

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Having strong words.

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Having words that invoke the response.

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That you're hoping for.

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We all have instinctive
responses to words.

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When you are crafting your business story,
where choice matters, pick the right ones.

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And then really bringing that
story in and making it personal.

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Whether it be a narrative
around a situation, whether

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making it very specific, right?

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Bringing in a specific customer
or an individual location, right?

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So I've had those experiences and you guys
have to, where you can make your business

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case when you can talk about company X
told me this, and that's critical, right?

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Making it personal and
specific, making it relatable.

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Relatable to the individual
relatable to the business relatable

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to the situation that you're in.

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Here's a storytelling example
I want to share with you.

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Several years ago, an executive from CP
Chem spoke at a conference in Houston

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that I was attending and the talk was
really about growth, the investment

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that they were making in the U.

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S.

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Gulf Coast.

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And as it turned out, it was really about
emphasizing the importance of plastics.

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And of course, CP Chem is a
large polyethylene producer, and

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they're heavily investing and have
invested and continue to invest

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in plastics and that value chain.

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But the importance of plastics in the
role that sustainability plays in it.

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So imagine this, it's a
business conference, several

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hundred people are there.

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This executive takes the
stage and he's got a prop.

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That prop is a loaf of bread.

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I'm just going to tell you,
I have never seen a loaf of

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bread on stage before, right?

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That was a new one to me.

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That loaf of bread was really
relatable and he utilized that

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prop as part of the story.

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Right?

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So the, the story being, you know,
bread and plastic packaging, very

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common, familiar to most of us.

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When you look at the store shelves,
maybe what you have in your pantry and.

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A loaf of bread in a plastic bag lasts
twice, 3 times, 4 times as long as a

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loaf of bread that maybe is just sitting
on the counter or a loaf of bread.

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That's in paper.

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Right?

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Number 1, it's a great prop
to it's really relatable.

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We all understand loaves of bread.

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We've had the experience that with
it going bad with it getting hard

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and drying out, et cetera, and
recognition that to that plastic bag.

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For that very simple loaf of
bread made it last longer.

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Number two, really strong
word choice, right?

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So this individual, he talked
about the complex and sophisticated

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technology that went into that multi
layer plastic bag for that, the

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for the bread loaf of bread, right?

00:14:14.678 --> 00:14:19.318
So very deliberate word choice,
very strong word choice, right?

00:14:19.378 --> 00:14:26.868
Because plastic bags are actually really
complex, carefully engineered products.

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Something that you didn't, wouldn't
necessarily think of, right?

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We've all got plastic bags
around our house being used in

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various ways, shapes, and forms.

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Very, but this, he used
very deliberate word choice.

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To evoke the sense that, Hey,
this is actually, while it may be

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cheap, it is really sophisticated.

00:14:46.283 --> 00:14:49.423
It is critically important and
it's well thought out what the

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product is and how it's used.

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Right?

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So simple prop loaf of bread,
very relatable, strong words.

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And then he brought in the numbers
and part of the story was around how

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plastics help reduced food waste.

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So.

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The story of the loaf of bread, how
much longer it lasts in plastic, right?

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Two to three weeks versus two to
three days and food waste contributes

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to approximately 8 percent of
all greenhouse gas emissions.

00:15:18.238 --> 00:15:22.328
And if food waste were a
country, it would be the third

00:15:22.408 --> 00:15:24.418
largest greenhouse gas emitter.

00:15:27.068 --> 00:15:28.248
I'm ending that story there.

00:15:28.298 --> 00:15:29.338
That was powerful.

00:15:29.448 --> 00:15:36.388
It was supremely powerful, simple,
relatable, strong word choice, bringing in

00:15:36.388 --> 00:15:42.188
facts and frankly bringing that narrative
to bear in the way that it created

00:15:42.188 --> 00:15:43.598
and connected an emotional response.

00:15:43.788 --> 00:15:44.158
Okay.

00:15:44.448 --> 00:15:45.948
How relatable was it?

00:15:45.958 --> 00:15:47.568
Five years later, I still remember this.

00:15:47.758 --> 00:15:52.573
I also remember Going back to
my office after this event and

00:15:52.573 --> 00:15:54.183
saying, is that really true?

00:15:54.223 --> 00:15:55.183
Let me look up the facts.

00:15:55.323 --> 00:15:55.723
Oh yeah.

00:15:55.743 --> 00:15:56.283
Sure enough.

00:15:56.893 --> 00:16:01.993
Food waste, if it were a country would be
the third largest greenhouse gas emitter.

00:16:02.253 --> 00:16:05.563
I'm actually going to link something to
it just so that you guys know as well.

00:16:05.923 --> 00:16:10.573
Compelling story, the power of
business storytelling to build

00:16:10.573 --> 00:16:16.933
support, to create your narrative,
to instill your point of view.

00:16:17.753 --> 00:16:24.793
And elicit some understanding, empathy,
emotion in your business, your facts,

00:16:25.193 --> 00:16:27.553
your economics, your data, your story.

00:16:27.853 --> 00:16:29.843
So go out and tell a story today.

00:16:30.243 --> 00:16:34.503
Next time you're presenting information
about boring facts or information, think

00:16:34.603 --> 00:16:39.113
about the story you can tell and how
you're going to weave your narrative in a

00:16:39.113 --> 00:16:42.963
way that makes that emotional connection
and brings support to your point of view.

00:16:42.963 --> 00:16:47.963
Remember, if you have a great example
of business storytelling, I want

00:16:47.963 --> 00:16:53.583
to hear about it, head over to the
show notes to the speak pipe link.

00:16:53.793 --> 00:16:54.603
And that'll be right there.

00:16:54.603 --> 00:16:55.193
It'll be obvious.

00:16:55.233 --> 00:17:00.873
You go from your mobile phone, hit that
link and leave me a recording of your

00:17:00.933 --> 00:17:06.068
favorite business, storytelling example,
and why it captivated you and what the

00:17:06.068 --> 00:17:07.788
hook was and what it made it stand out.

00:17:08.088 --> 00:17:11.928
And we will be sharing some of those
stories in The Chemical Community.

00:17:11.928 --> 00:17:16.238
We may be sharing some of those stories
on a future episode and would certainly

00:17:16.538 --> 00:17:19.858
I'll be enjoying and appreciating and
sharing and listening to those stories.

00:17:20.933 --> 00:17:22.773
Thanks for joining us
today on the chemical show.

00:17:22.833 --> 00:17:25.463
Keep listening, keep following,
keep sharing, and we will

00:17:25.463 --> 00:17:27.173
talk to you again very soon.

00:17:32.238 --> 00:17:34.018
voiceover: We've come to
the end of today's podcast.

00:17:34.428 --> 00:17:36.978
We hope you enjoyed your time
with us and want to learn more.

00:17:37.387 --> 00:17:39.647
Simply visit TheChemicalShow.

00:17:39.657 --> 00:17:42.407
com for additional information
and helpful resources.

00:17:43.097 --> 00:17:47.147
Join us again next time here on The
Chemical Show with Victoria Meyer.