It’s Not Time to Cut Through But to Cut Out

As I have grown older, I have been amazed to realise that the more I know, the greater is my capacity to learn. Not only can I quickly absorb new information and transform it into knowledge, I can also direct this towards business and branding opportunities. Even where I come in contact with some completely foreign information, my brain scrambles to find a connection that allows me to contextualise it.

But what about you? Do you find that your capacity has increased over time?

Angela Maiers provides a great explanation in this 30 minute class. She leads us through the different types of connections that we can make so that our memories can be stimulated:   

  • Easy – the simple connection can be made because of our exposure to a topic. There is no work involved here. A common topic will add a new layer over the knowledge schema that we already possess – and the information will be readily accessible to you in an instant.
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  • Dig – while a piece of information may not have an instantly recognisable hook on which you can make a connection, a small amount of digging into your own knowledge will help you. This will require some effort, but will also help turn a piece of new information into actionable knowledge.
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  • Impossible – when we are introduced to an alien concept, we are faced with an impossible situation. There are no EASY ways to make sense of the information. Digging provides no context and no prism for understanding. When faced with the impossible piece of information, our natural instinct is to begin to memorise, to rote learn – but this is a mistake, for without providing some personal context to this information you will not be able to retain and apply this knowledge. It will gradually fade from memory.

In the last 10 minutes of this video, Angela shares an approach that allows us to begin creating NEW memories. She explains the technique for creating the first thread of retained knowledge upon which you can build additional context.   

     

  • Chunking: After reading/absorbing a piece of information, the main ideas are categorised by the ideas that they invoke. This is not about collecting facts. It is about finding one or two words that connect and explain the overall concepts.
  • Joining the dots: Once you have the “big ideas” you then need to make connections between them. You need to write them down. You need to establish a narrative between them.

Now, think about this from a branding and marketing perspective. Have you ever wondered why some things stick and some don’t? In general, the information that comes to us through advertising is “impossible”. We are hit by facts and assaulted by images. These all seek to CONVINCE us.

However, if we are each subjected to 5000 marketing messages per day, the blink of an eye that acknowledges each new message will instantly erase the previous one. This means that those marketing messages that are mediated, that come with BUILT-IN context, are more likely to anchor in our memory (hence the use of popular music/spokespersons) – and this plays particularly strongly for digital/social media.

And in a time of increasing financial uncertainty, brands will be looking not to CUT THROUGH but to CUT OUT. It won’t be a matter of your brand standing out in a crowd, but of eeking out some space in which it can create meaningful context in which your consumers can participate. Those brands who have begun experimenting with social media will have an advantage in these tougher times; and those who have not will need to accelerate their engagement by hiring agencies and consultants who have a deep understanding of hands-on brand activation in the digital/social media space.

Interesting times? Sure … but really, as Angela Maiers says, it’s about making connections.

How to Thrive in a Slow Down

DSC04560I can remember watching the Twitterstream a couple of weeks ago as the global financial crisis deepened. Here in Australia, we sit on a strange timezone precipice, where as our Monday ends, it is just beginning in the US … and a small band of locals would stay up late just to watch the first few minutes of trade in New York. There is an odd sense that we are, in some small way, witnessing history in the making.

But while the macro story is being played out thousands of kilometres from my computer screen, the impact has yet to really hit. However, there are some things that businesses can do to begin focusing their marketing efforts right now, before the shockwaves seep into our businesses. John Rosen has an excellent and detailed post that advises an initial three steps:

1. Be clear about your strategic objectives. Understand the financial measures that you are focusing on, determine the most important long term relationships, maintain your product/experience viability and figure out which competitors you should attack directly.

2. Understand your brand from a competitive point of view. Look at where the value rests in both the competitive and non-competitive environments; and do the same from a premium brand offering perspective.

3. Re-evaluate and adjust your marketing. While this sounds obvious, check out John’s list of “Do’s and Don’ts”

Craig Wilson, however, suggests that we may well be at a turning point for both the types of marketing that we do and the agencies that we use to plan, create and execute. In this great, and far reaching post, Craig outlines the state of affairs, the issues at play and makes some suggestions for where we might be heading.

Social media may well be rising at the perfect time. As consumers grow increasingly weary of broadcast advertising, and have more control than ever over the media and content they wish to consume, social media offers a subtle new direction for marketers to build relationships and brand.

The social media revolution that we have been asking for, may well materialise more quickly than even Julian Cole would have anticipated. Not only do a variety of indicators suggest that digital and social media related marketing will increase (taken in large part from the traditional marketing budget), the economic circumstances will sharpen the focus of all marketers – ensuring that campaigns and promotions receive ever greater scrutiny. And with a bevy of measurement tools at hand, digital analytics are likely to become very popular on both client and agency sides.

So, how do we thrive in this slow down? Adapting to change … evolution … new thinking and innovation, of course. Think change management and business consulting mixed in with marketing. Think the end of your agency as you know it.

But don’t rush … take it in, for as Craig says:

We may really be at one of those unique times in history, a turning point that forces change and massive innovation. New economic realities will necessitate reinvention for old media and marketing businesses to stay relevant, and will result in the rise of new media options and new marketing thinkers.

Look around you, at the media landscape today, the agencies that feed them and the marketers whoa re their clients. Take it all in. Make a mental snapshot. It may be the last time it ever looks like this.

The Land of the Free

We owe a lot to Chris Anderson. Not only did his Long Tail give us a way to conceptualise the business models around aggregated, niche, online markets, he continues to challenge the way that we think about business in an always-connected world. Here he tells us why free is the future of business.

David Armano has taken the visual approach (of course), mapping out the four types of free that Chris is talking about:

  • Free 1: Get one item free, buy another (as popularised by King Gillette — yes, of the razors — give away the handle but charge for the razor blades)
  • Free 2: Free item paid for by your attention (ie advertising)
  • Free 3: The so-called "freemium" — where the free "version" of a product or experience is cut down in features, prompting the purchase of the "feature rich" product or experience (ie shareware software)
  • Free 4: The "Gift Economy" — where something is given away in exchange for a non-monetary (or indirect) reward.

It is this final "free" that Christina (CK) Kerley has been talking about (as the share economy). It is the fundamental transformative move AWAY from price as a measurement to VALUE as an indicator or worth. Of course, this places the individual at the centre of the method of evaluation and ranking … for the value of a product or experience will depend on a combination of its RELEVANCE to a consumer and their NEED state. This alone will require us to re-think our approach to the business-to-consumer relationship. Moreover, it will transform how we imagine a business-to-business environment.

But the question for marketers of all shapes and sizes is not, "What will FREE cost us"? — but "What value can I exchange?".


Video via Amanda Mooney @ American Shelf Life.

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All I Need is a Sentence

You know the type. They say all the right things. They have an answer for every question. A smile for every challenging question. Nothing sticks. Nothing phases. They are the BIG talkers.

But if you listen, really listen to what they say, you will find their words spiralling into nothingness. There is no SUBSTANCE. Nothing to hold on to.

One of the things I like most about social media is the way that it cuts down the time between "saying" and "doing". That’s not to say that there is no effort involved, but that the technology is an accelerator, allowing you to move very quickly from strategy to ideation to execution. For example, the Age of Conversation went from an idea to a published book in around three months. Unheard of! As you might guess, the people that I admire most are those who DO things. They take on the challenges that most of us would blink at. They ask the hard questions. And more importantly, they follow through.

Which is why I was so excited to hear of this innovative project by Jasmin Tragas. As a voluntary Ambassador at Women’s Opportunity, Jasmin is reaching out to women all over the world to participate in a project with the theme, "A Woman’s Investment" with the aim of producing a slide deck and raising $10,000. The money will be used to seed a micro-credit program for women in the Philippines. All she needs from you is a single sentence. That’s right, your initial contribution is a few words. Think of it this way …

The reason I am asking you is because I believe you are a woman with an entrepreneurial spirit. Along the way, you made
an investment. It may have been words you spoke, a course you
undertook, a gift you gave, a smile, a risk or an adventure
. Perhaps another woman made an investment in you.

So if you have ever wanted to make an impact beyond the scope of your normal life, spare a thought and a few words for Jasmin’s project. Read here post in detail. Tell your friends. Encourage them to participate … or even donate here.

Enterprise 2.0: It’s Not Your Dad’s Company

IMG_0971.JPGTake a look around. Look at the people in your office, at the desk next to you. Look into the faces of the people who you pass in the corridor. They look the same, right? The same faces have greeted you year in, year out.

Well, get ready, because the workplace is transforming, and it is happening right under your nose.

Those peppy Gen Y kids who were brought into the business to inject some life and energy are moving up. That’s right, they have been steadily building their experience, lobbying the line management and pushing through the KPIs in the yearly 360 degree reviews … and guess what? They are now making business decisions. Yes, indeed, Gen Y are reaching the management level, and working the matrix — and they will bring a new style and a new approach to your business.  This will transform the way that we all work. Indeed, it has to. 

Picture 080.jpgAnd one of the biggest transformations will be right there on the desk in front of you. That locked down desktop that has served you well for the last couple of years will soon be replaced. Gradually that sparse Desktop will be replaced by a series of icons and widgets … and horror of all horrors, you will find the work computer looks increasingly like your kids PC (or dare I say it, a Mac!). The new management will be prising the dead-hand of the IT group off the controls and installing new applications and adding new links. There will be Twitter and Facebook and LinkedIn and Friendfeed. There will be various shades of SaaS (software as a service) delivering on-demand enterprise scale business processes and systems that you can reach no matter where you are, all courtesy of “the cloud”. Sure there will be the in-house enterprise systems … but they too will play nicely with whatever you need them to. After all, it’s not your Dad’s company anymore. 

Fin de siecleBut while this sounds like a madhouse of change for the sake of change, stop again, for a moment. Get up and walk down the corridor. Your workplace is about to undergo a large-scale transformation … millions of baby boomer workers are set to reach retirement age in the next few years, and the next wave of Gen Y knowledge workers are stepping in to replace them. It’s not that the systems, processes and business models are being changed on a whim – they are being changed because the people who DO the work are changing. Like any living organism, the organisation is also transforming … shedding its skin in a kafka-esque tribute to the new age.

And while these new systems and processes may raise your eyebrows and your blood pressure, there is actually some as-yet unrealised business value in platforms such as Twitter and Facebook. Aaron Strout and Joe Cascio clearly explain where micro-blogging platforms such as Twitter can deliver business value:

  • Emergency broadcast system
  • Knowledge management
  • Training
  • Expert identification
  • Seeing the connectors
  • Inclusion of external stakeholders

All of these elements will be of increasing strategic importance as the composition of the global workforce turns over on itself. And while there will be issues and questions around security, scalability and so on, they pale into insignificance against the larger challenges of global competition, attracting talent and delivering value to customers. And who knows, the widespread adoption of these tools may well inadvertently fullfil the promise of the Cluetrain Manifesto — "humanising" the brands and businesses that we come in contact with every day.

It really is not my Dad’s company.

Update: Marigo Raftopoulos has a great post encouraging us to understand this business transformation as a change from economies of scale to economies of (I presume personal/professional and social) networks.