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Halloween Scares & Solutions for Marketing

Halloween is coming, even earlier than usual this year, judging from all the retail displays already in the shops! Although it is now more associated with children dressing up in scary costumes and dem anding “Trick or Treat”,  it is actually a Christian remembrance of the dead on the eve of All Saints’ Day.

So what does that have to do with marketing? Apart from the obvious effort of many companies to include the pumpkin shape, flavour or aroma in almost every product they make, at least in the US, marketing too has its scary moments doesn’t it?

What scares you marketers the most, or to put it another way, what keeps you up at night? One of the most recent studies on the topic, issued a few months ago, comes from The Marketing Institute (MSI) and was summarised by David Aaker of Prophet as seven issues, which he divided into three tiers:

TIER ONE: The hot topics

  1. Underst anding customers and the customer experience with particular emphasis on the impact of social and digital.
  2. Big data and analytics, with how they will impact predictive modelling and the marketing mix.

TIER TWO: The other concerns

  1. Following on from the opportunities of Big Data, the next concern is Marketing Accountability and its ROI.
  2. Developing marketing excellence and the new skills required such as visualisation and storytelling.
  3. Leveraging digital/social/mobile technology and linking it to CRM
  4. Creating and communicating enduring customer value and how to measure it in the social environment.
  5. Developing and delivering integrated marketing

TIER THREE: Previous concerns getting under control

  1. Innovating products and services
  2. Global marketing
  3. Segmentation
  4. Optimizing social contracts

What I find interesting from this and similar studies that I wrote about last year, is the overlap between many of these challenges. Marketers are really concerned about the wealth of information that they have on their customers and how they can manage to turn it all into insights, for more profitable actions and engagement. I therefore thought it would be useful to summarise the “so whats” of all these current challenges and propose actions that will help marketers get these issues under control, so they can change their scares into solutions:

Underst anding the customer experience

SCARE: With the exciting new worlds of social and digital taking up much of the thoughts of marketers, they are struggling to find ways to think integration, but that is the only way to underst and today’s customers. 

SOLUTION: Starting from the customers’ perspective makes looking at the bigger picture much easier. Instead of thinking single channels of communication, think connection and engagement. (>>Tweet this<<). Instead of thinking purchase and loyalty, think advocacy. Creating value for the customer goes way beyond providing a product or service these days. (>>Tweet this<<)

Knowing what to do with data

SCARE: We have gone from an information rich environment to complete data overload. This challenge definitely keeps a lot of marketers up at night. They feel as if they have to use everything available but at the same time are also aware that they are incapable of doing so.

SOLUTION: The answer lies in the old “eating an elephant” solution. Rather than worrying about what is not being managed, marketers should review what they already have, and only then decide what else they could use to help answer all their questions. There is so much information available today that we can’t work with it all, but we can ask better questions that can be answered by analysing this data. Start with the right question and then use the data you have to answer it. (>>Tweet this<<)

Engaging customers

SCARE: Every br and has some sort of web presence today. Whether that is a website, Facebook page or Twitter account, most companies have rushed into social media without a detailed underst anding of why they are there. If this is your case, it’s time to take a step back.

SOLUTION: How are you connecting with your customers today, both offline and online? The two should be complementary. However if there is too much overlap and you are doing the same on both, then you are wasting your money. You are also wasting your money if you don’t know why you are online in the first place! (>>Tweet this<<)

I had a client once who wanted help in updating one of their websites. In running a first analysis of all their websites, I found that more than 80% of them were being visited by less than 30 visitors a month! We cancelled all those websites and invested the money in the remaining active ones, improving both their ROI and the engagement with their customers. Maybe it’s time to take a look at your own web statistics?

Marketing ROI

SCARE: Marketers are scared for their budgets and even more so for their jobs. With the rise in the importance of technology and IT, marketers need to move from br anding  and creativity alone, to embracing data and analytics much more than they have done in the past.

SOLUTIONBecome friends with your CIO and see IT as a support of rather than as a threat to your budgets. Yes managing new technologies and data analysis will need more investment, but that won’t (shouldn’t) come at the expense of br and building. In fact with the increased power of the customer and the number of channels on which to reach them, marketing needs increased budgets to be where and when the customer dem ands connection and information. (>>Tweet this<<)

Acquiring new skills

SCARE: As already mentioned, marketers must get comfortable with large amounts of different data. They also need better ways to analyse and make sense of it all, often in near real-time. This is a challenge in itself, but the new skills they have to acquire don’t stop there. They also need to turn their information into actionable insights and then share them with the rest of the business to gain acceptance and impact.

SOLUTION: Your market research and insight colleagues are the best people to help in making sense of the data and developing actionable insights. It will be the marketer’s job to share these with the rest of the business in a more creative way. Visualisation & storytelling are the new must-have skills for today. No longer can you expect PowerPoint presentations to excite and engage your C-suite executives – if they ever did!

These are five of the most pressing current scares of marketing and some simple solutions to address them. Are you challenged by something else? If so, add a comment below and I’ll help you find a solution. Or if you prefer, you can contact me here.

C3Centricity used an image from Microsoft in this post.

 

 

Time to Change your Outdated Work Habits

This week I’ve been helping a client create a new website. He had already mapped out what he wanted to include in it and he provided me with pages of ideas and possible content. Have you ever noticed how it is much harder to rewrite or adapt something, than it is to create from scratch? (>>Click to Tweet<<)How difficult it is to “unlearn” behaviours? Whether it is changing the content of a website, editing the script for a play or book, or adopting new habits, it always dem ands far more effort than the original creation itself. Why is this?

One reason is that we humans like comfortable solutions. We always look for the easiest and simplest way of doing things. That’s why you can find yourself in your car in front of your garage with no memory of the drive back home. You know the way so well, you’ve been on autopilot and your brain has been thinking about other things. 

A recent excellent short read in The Guardian entitled “Habits: why we have them and how to break them” by Dr Benjamin Gardner, Lecturer in Health Psychology at University College, London, provides some of the answers:

  1. Habits are automatic responses to situations
  2. Smoking, snacking and TV viewing are common habits
  3. We learn habits by repeating actions in a situation
  4. Around half of all everyday actions are habitual (>>Click to Tweet<<)
  5. Habits free up mental resources for use elsewhere
  6. They usually take more than two months to form
  7. Setting a realistic goal will help you persevere
  8. Habits may form more quickly for enjoyable tasks
  9. To break a habit, find and avoid the habit trigger
  10. Moving house disrupts many existing habits

So how does this apply to our work? Well firstly, if you are looking to measure behaviour, customers are likely to struggle when referring to the reasons for certain habits, since they have been adopted and now take little mental power (points 4 & 5 above). This is why retailers sometimes change the layout of their stores – although that can also have a negative impact too – to make their shoppers think about what they buy and perhaps also tempt them to try new products or categories.

Reading the above list, it may sound like it will be difficult to break a habit, but as the last point mentions, disruption makes it much easier to change. Think about the arrival of a new boss, the introduction of a new structure or some other event in business, it can result in many habitual tasks being re-evaluated and even replaced. Read on to find a few ideas on how you can make some perhaps necessary changes of your own.

Tracking Br and Equity

Br and equity measurement is a great habit

Last week I wrote about the importance of tracking the three areas of customer br and value: those of functional / rational, emotional / subjective and relational / cultural. Now before you congratulate yourself on measuring the complete spectrum of image attributes, ask yourself how long you have been working with exactly the same list. We all love consistency and comparability but that is often just an excuse to avoid the hard work of evaluating the current metrics and deciding what needs to be added, replaced and removed.

The marketplace for so many – dare I say all? – products and services is moving so fast today that your attributes need to be regularly reviewed and adapted to the new market environment.

Tracking Usage & Awareness

Are you still measuring usage through an omnibus paper or telephone interviews? Look into the possibility of online or mobile as both a quicker and cheaper method of data gathering. Or what about using automatic data gathering from mobile phones, online websites, or smart chips on your products? Of course you will need to conduct comparative runs before switching methodologies, but you may find you get more acceptance from the consumers contacted and easier and swifter returns of information into the organisation.

Trend Following

Future l andscape

Do you continue to buy a st andard service and reporting for following societal trends, just like your competitors do? How about extending trend following into scenario planning? It will make more use of your current service and will provide a significant competitive advantage. (>>Click to Tweet<<)

Replacing Reports by Stories

Replacing reports bz stories is a great habitThere is so much talk about the value of storytelling that I hope I don’t need to explain this point, but have you done anything to integrate it into your own work? One of C³Centricity’s partners (SciFutures) just produced a short and inspiring summary of the key themes and ideas generated at FT2013 (2013 Foresight & Trends Conference). However, they did it through telling a science fiction narrative, rather than by writing the usual report. I would highly recommend checking it out here  and then I dare you to tell me that you would have preferred to read a conference report instead!

So these are just a few habits that it might be worth considering to change in your work environment. Do you have others that your know you should break? If so I would love to know what they are and more importantly, what is stopping you from bringing those needed changes? Let me know because perhaps I just might be able to help.

Did you know C³Centricity runs training workshops and support sessions on revamping your Market Research Toolbox and Processes?  Contact us to learn more.

C³Centricity uses images from  Dreamstime, Microsoft  and  Kozzi

8 Marketing Essentials for 2014

Over the past few weeks I’ve been in the US catching up with a few C³Centricity partners about marketing priorities for 2014. The meetings were as inspirational as the new products being presented at the Las Vegas CES (Global Consumer Electronics & Consumer Technology Tradeshow)!

We discussed some of the most important challenges marketing will be facing in 2014 and brainstormed some possible solutions. If you are having any of these difficulties then I’m sure you will find the following ideas useful:

Social Media Metrics

Email is a popular customer service connection pointAs many companies transfer budget from traditional to online advertising, it is essential to also shift some of your funds to measuring its impact, even if some people do question the validity of such metrics. However, the most important thing to do is to link the metrics to what is happening in your business. Your CEO isn’t interested in how many Facebook Likes you’ve managed to get, but he is interested in knowing that you gained x% in awareness. Some st andard numbers often followed are mentioned in “ 10 Social Media Measurement Best Practices” but remember that engagement and listening for better customer underst anding are also (more?) important, as mentioned in this Business Insider post. What everyone does agree, is that every campaign must have objectives and metrics to gauge their efficacy; do yours?

Storytelling

There is so much (too much?) information flowing into organisations today, but it is not being sufficiently accessed because most of it is not being integrated and analysed. Even when it is, sharing the insights is often a challenge because of the complexity of the process. Turning knowledge and underst anding into stories and then visualising or videoing them is a better way for both sharing and getting participation in actioning them. Why not review both your insight development and your knowledge sharing processes this year? If you’re comfortable with where you are, perhaps now is a good time to start storing your information and insights in easily-accessible libraries?

Showrooming & Virtual Reality

Virtual realityIt has been suggested that showrooming will be the end of retail outlets, but I believe there will be an integrated, rather than an either / or future. Virtual reality enables shoppers to see how products could be used, or how they would look in their homes, office or even on themselves. It also allows both retailers and manufacturers to improve their offer by identifying any pain points, and enables them to hold less stock and still offer maximum choice to customers. How about going online with 3D catalogues or providing in-store areas to offer your customers product trial and experience?

 

New Communication Opportunities

According to Jay Walker-Smith of Yankelovich

“We’ve gone from being exposed to about 500 ads a day back in the 1970s to as many as 5,000 a day today.”

Whether that second number should be 5,000 or 20,000 as I’ve also heard mentioned, it suggests that little can or is being retained our customers. Since this is unlikely to change in the future, as attention spans shorten even more, finding new messaging opportunities that resonate with our customers is vital. Why not use social media to track your target audience’s expressed wants and needs, and then compare them to what your key competitors are communicating. This will help you to uncover hidden communications’ gaps which you can then use to connect with your customers.

Adapting Communications to Personas

Don't alienate your business from its customersAre you dissatisfied with your current segmentation efforts? Creating personas can already add interest and thus actionability, by visualising their similarities and differences. Have you thought of taking the same approach to your communications too? By crafting personas built from your existing data on media habits and going beyond traditional segmentation, you can focus your attention on how to actually communicate with these different groups.

Channel Management

Mapping your br and’s story as told by the br and across channels can provide a “mosaic” of its communications and quickly highlight areas which need attention.Successful campaigns work across multiple channels but it is important to examine the contribution of each to avoid overlaps and gaps. Why not make 2014 your year of br and building through improved channel management?

Better Communications for Organisational Strategy

Following on from the above point, people’s attention spans are diminishing and we are all skimming rather than reading today. This means that companies need shorter, more impactful copy, for advertising and websites, but also for internal newsletters and communications. Analysing the content of communications can be very informative in underst anding the messages our customers, employees or consumers are receiving. We can no longer be satisfied with knowing just what we are sending out. Make this year the one in which all your communications resonate and provide the right messages to your targets.

Disruptive Innovation

Trends around the worldCustomers are becoming more and more dem anding – no news there! They don’t stay satisfied or surprised for long. What was novel yesterday is normal today and boring tomorrow. I suppose that’s why shows such as CES get so much air-time on local, national and even international media. We all love to dream and imagine a better life just around the corner. The same goes for our customers, who are always open to new and better propositions.   What are you doing to meet these increasing dem ands? Is your innovation linear, exponential or disruptive? If it’s not the second and hopefully the third, you are probably missing out. Why not make 2014 the year you disrupt your innovation process?

These were eight of the tens of ideas that I discussed with my partners to help companies identify their marketing priorities. Have a look at your plans and see whether you are still playing it safe by just repeating what you did last year? The same number of campaigns, the same promotions, even the same type of innovations. There’s still time to make 2014 the year of exponential growth and change for your company. 

Clues to a Great Br and Story

Storytelling exists in all cultures; it is used to convey learning and history, as well as to entertain children and adults alike. Stories were developed down through the ages as a means of transferring knowledge, long before books and now the web enabled their storage.

Storytelling has risen in importance in business over the last decade to become one of the essential skills of CEOs and CMOs alike. And with the introduction of websites and Fan pages, for br ands as well.

Br and stories are perhaps one of the easiest ways to resonate with customers, which hopefully then leads to those highly sought-after but ever-diminishing rewards of loyalty and advocacy. Of course I say “easiest” with caution, since great storytelling is an art that is often learned but rarely truly mastered. ( and I knowingly accept that I’m too often in that group!)

One of the best places to find great storytellers, and stories in general, is on TED. One of the most popular talks on the topic “The Clue to a great story” was given in February 2012 by Andrew Stanton. Stanton is the Pixar writer and director behind both Toy Story and WALL-E, both incredible stories, I’m sure you’d agree. I was reminded of this fascinating talk recently, because it was turned into a beautiful infographic on the TED Blog. We all love infographics almost as much as stories, so I was inspired to take the five “clues” Stanton talked about and apply them to br and stories.

Make me Care

According to Stanton, a story needs to start by drawing sympathy from the audience. In the beginning, the hero is rejected or badly treated by family, friends, employers, circumstances, or the world; think Cinderella or the loveable WALL-E as typical examples. Their plight immediately sets the stage for building feelings of concern in the audience, especially when identified as unfair or outside the control of the hero, which is often the opening scene.

Plutchik's wheel of emotionsIn the case of br ands I believe the emotions most sought are on the opposite side of Plutchiks’ Wheel of Emotions (above); those of trust, admiration or anticipation. People spend money on br ands because the believe they will provide pleasure and / or solve a problem. Our job is to not only satisfy this need, but to go even further by turning that expectation into surprise and delight (more on that later).

Take me with you

In storytelling there is a promise of a journey, a mystery or of a problem solved; something that entices the reader or listener to stay and learn more.

StorytimeA br and wants its customers to stay and become loyal, so it too makes promises, whether real or imagined. When I first started working at Philip Morris International, there was a rumour amongst consumers that Marlboro was financing the Ku Klux Klan in the US, because its packaging had three red rooftops or “K’s” on it. Management obviously didn’t want this imagined, so one of the K’s was removed by making the bottom of the pack solid red.

However, consumers’ desire for mystery was so strong that another quickly emerged, that of Marlboro hating Blacks, Asians and Indians. This second story came about because a consumer had found the printer reference line of coloured dots on the inside of the pack when it had been dismantled. This time there was little management could do, other than to deny it, which appeared to have the opposite affect of further confirming the rumour.

Customers love to tell stories about “their” br ands. There are many myths about the greatest br ands around, often starting from their packaging or communications. Toblerone has the “Bear of Berne” and the Matterhorn, exemplifying its Swiss origin, on its pack and the chocolate itself is shaped like a mountain. Camel has the “Manneken Pis from Brussels” on the back leg of the camel. Whereas the former was intentional, I don’t think JTI planned that into their design; consumers just imagined and then shared their fidning, turning it into reality.

Other br ands have developed stories through their communications, that are also shared and repeated into reality by their customers. Examples of these include Columbia outdoor wear’s “Tough Mother” campaign, Harley Davidson’s enabling “middle aged” men to become bikers at the weekend, or Dove’s campaign for real women to name just a few. All these stories confirm and further support the connection their customers have with them, making these br ands almost a part of their families.

Be Intentional

In a story, the hero has an inner motivation driving them to a goal. They will encounter problems and challenges along the way but their motivation remains strong to reach their goal.

4-quadrantsFor a br and this motivation is what it st ands for, its equity. What is the br and’s image, its personality, what benefits can the customer expect? Not only is it important to identify these, but perhaps even more importantly is to consistently portray them in everything a br and does. From its product, to packaging, communications to sponsorships, the motivation for the customer can only remain strong if consistently and continuously reenforced.

 

Let me like you

A story depends on a hero with whom the audience can empathise; someone worthy of their respect, even love.

This is exactly the same for br ands, which is why problems and crises need to be h andled quickly, fairly and respectfully. In today’s world of global connection, everything a br and says or does, anywhere in the world, is shared and commented upon globally. Whereas in the past disappointed customers may have told ten others, today it is estimated to be more like ten million thanks to social media!

In a great article entitled “What an angry customer costs” by Fred Reichheld it is said that the cost to companies of haters or detractors is enormous. “Successful companies take detractors seriously. They get to the root cause of customers’ anger by listening to complaints, taking them seriously and fixing problems that might be more pervasive” But it’s not merely a question of preventing the spread of negative word of mouth. As Reichheld himself says “For many customers … (resolving complaints) …is where true loyalty begins“.

(Surprise and) Delight me

Stanton says that stories should charm and fascinate the audience; for br ands we should aim for surprise and delight, as previously mentioned. The surprise of learning something new about the product or company that made it; delight at getting unexpected gifts or attention from the br and.

This is where limited editions and seasonal offers first started but over the last few years, thanks to today’s connected world, br ands are going much further:

  • In 2010 SpanAir delivered an Unexpected Luggage Surprise for its customers flying over Christmas Eve
  • Also in 2010, another airline KLM, had staff members prepare gifts for a select few passengers who tweeted about their pending departure on a KLM flight at the airport
  • Tropicana  brought “Artic Sun” to the remote Canadian town of Inuvik, where residents live in darkness for weeks each winter
  • Zappos are known for their excellent customer service, but they often go the extra mile, upgrading customer shipping to expedited service for free. The surprise of the speed and delight at their accompanying h and-written mail, hits home every time
  • Kleenex surprised sick people with their Feel Good campaign that targeted people Tweeting about going down with the ‘flu
  • Google, who are known for their creative and timely illustrations on their homepage, started showing a birthday cake as the image above the search box on people’s birthday

The last example actually happened to me a couple of months ago and I have to say I was so excited I actually Tweeted about it. Am I the only one who was touched by this gesture, because I haven’t heard anyone else mentioning it?

So those are Stanton’s five clues to a great story, adapted for br ands. Do they work? What stories are told about your own br ands? Or do you have other great examples to share?

For more on br ands please check out our website: https://www.c3centricity.com/home/engage/ or contact us here for an informal chat about how we could support your own br and building efforts.

C³Centricity used images from Microsoft, CopyPress.com, Dreamstime.com in this post

Does your Organisation Really Need a Market Research Department? And in the Future?

There’s been a lot of talk recently about New Marketing; how communication is now all about engagement, how the consumer is boss and such like. But there has been very little said about New Market Research, perhaps because there isn’t any! If you’re concerned by this situation, whether you work in marketing, market research or a completely different area, then read on for some thoughts on how this situation can and must change.

Earlier this year I wrote about the future of market research / insight departments and what researchers need to do within their organisation to improve their image and perceived value. This week I want to take a wider look at the profession in general. 

Current Perception of Market Research

According to  Wikipedia, Marketing is “The process of communicating the value of a product or service to customers, for the purpose of selling the product or service. It is a critical business function for attracting customers” The definition of  Market Research is “Any organized effort to gather information about markets or customers. It is a very important component of business strategy”.

What is interesting in comparing these two definitions is the difference in appreciation of the value to business of the two. Marketing is said to be a “critical function”, whereas Market Research is said to be “very important”. Perhaps this is why Market Research Departments continue to be hammered, their budgets are constantly under pressure and their value to the business is questioned.

Well, things are about to change, or at least there is an opportunity for this, if researchers take up the incredible chance offered to them in today’s world of information (over?) abundance. You can’t continue to do the same old same old when marketing, and more importantly the consumer, is clearly on the move.

 

What Business gets from Market Research

I think that one of the biggest problems that Market Research has (continues to have) is that Marketing and Management in general, find it too complex. What is often delivered from market research, BY researchers,  tends to be numbers and findings, not underst anding, insight and recommendations.

We no longer need market research to share the numbers and information today. More and more often, these are coming automatically into companies from an ever-growing number of sources, and a lot of it is even in real-time, something market research results never were! Think sensors on products, GPS on smart phones, retail purchases with debit / credit / loyalty cards, social media interactions …. DataShaka recently wrote in their The Lab an interesting perspective on data management and information sources which you might want to check out.

That’s a lot of data; indeed Aaron Zornes, chief research officer of The MDM Institute, was recently quoted in Information Management as saying that “a typical large company with (has) 14,000 or so databases on average”. And most of that data will be just sitting around in IT storage systems, rarely reviewed and even less likely to be integrated for meaningful knowledge development. It needs analysts and who better to interpret the meaning of all this data than market research?

What Market Research could Offer Business

 

What an incredible opportunity! The question is whether the market research profession is ready to take it up; whether researchers are ready to move from data gatherers (alone!) to interpreters and storytellers. Signs of the urgency for this change are everywhere. In a recent report by BusinessIntelligence.com (you can download the full report there), one of the conclusions drawn was that CEO’s are not getting what they need (from Big Data). Instead of Dashboards, they were more likely to be getting emails and spread sheets!

The market research profession took a small step to reinventing itself with the introduction of insight development, but this is still well within their comfort zone, and still not being done as effectively and consistently as it should. Today, market research / insight departments are being asked to make a much bigger leap into the realms of unknown territory, even for those already comfortable working with BigData.

The Questions you Need to Answer

In conclusion, here is what I believe all market research suppliers, agency and client-side researchers should be asking themselves today:

  1. Am I ready to move from data gatherer and sharer, to synthesizer and interpreter?
  2. Could I agree to the information I will be required to analyse NOT coming from statistically validated, representative samples of clearly identified populations?
  3. Will I accept that I have little control over the data sources I do use and even less over the information that is streaming into the organisation for all to see?
  4. Am I willing to shift from sending emails and spreadsheets, or presenting graphs and data, to speaking about how the world and consumers are changing?
  5. Would I happily move from sharing descriptions of data and knowledge to telling stories built from it?
  6. Can I get comfortable speaking about maybe just one or two consumers rather than about large(ish) groups of them?
  7. Am I capable of accepting that true insight development doesn’t come from one study or database, but from information integration of multiple sources?
  8. Am I ready to give up the name of my profession as market researcher?

If you can’t answer YES to all of these questions, then I believe you should consider changing jobs, before you find yourself redundant and replaced by the information analytic, machine-learning “robots” of the future.

What do you think? Is it already too late for market research? Can the profession reinvent itself? ESOMAR, which claims to be “The essential organisation for encouraging, advancing and elevating market research worldwide” has been asking a lot of the right questions about the future of the profession recently, but it is up to researchers everywhere to make the change happen. Are you going to join the lead now, or follow reluctantly when your own management questions whether they really need a department that clings to the old ways of collecting and analysing information?

Let me know how you feel about your own market research position, whether you are a member of a supplier or client-side organisation. Are there other challenges or opportunities I forgot to mention? What name would you give to your future profession?

Need help in updating and reinventing your own market research department and responsibilities? Let us help you catalyse your customer centricity; contact us here

C³Centricity uses images from  Dreamstime.com  and  Kozzi.com

How to get R&D Excited about Innovation

Did you do a double-take when reading this week’s post title? I bet you did. R&D is at the heart of innovation for almost all major manufacturers, so they should be excited by it. However, their concepts are almost always based on the company’s current technical know-how and skills. Boring! If you want to break away from this very predictable process and add some “oomph” to your innovations, then read on

One of my most loyal CPG clients contacted me recently about the latest problem (opportunity?) he has been asked to address: making R&D more consumer centric. Having faced a similar challenge in one of my previous jobs, I immediately empathised with him. It can really be a daunting task, especially when speaking to people who are usually more interested in numbers than emotions. I remember speaking at the annual R&D conference about consumer centricity and at the end of my talk, the Head of Operations commented “You know Denyse, the R&D department is very consumer centric. We know exactly what consumers need. It’s marketing who don’t know how to explain to consumers why they need it!”

Trying to keep a straight face, I thanked him for his comment and also for having just proven why I believed that R&D could become more consumer centric. I then went on to suggest some ways they could get closer to current or potential consumers. By the end of my talk I had a queue of volunteers wanting me to organise some of the suggested actions for them. Here’s what I shared:

Observe & Listen to your Consumers

Most people working in a company and certainly those working in R&D, know far more about the category than the average consumer. However, most employees – excluding hopefully the insight team – don’t know what their consumers really think about their offer.

Observation of consumers as they go about their daily lives, using the product or service, helps us to identify pain points, whilst also stimulating new thinking and concept ideas. Listening to their complaints and ideas, whether online, through carelines or during a market research project, can provide the consumer perspective and input for new concepts or solutions.

It’s time for R&D to get out of the factory and into the shops and homes of shoppers and buyers.

Involve your Consumers

Ben- and-Jerry-AdA few days ago I came across an article about Ben & Jerry and how they are asking residents of five cities in the USA to vote for the names of new ice cream flavors that reflect their locales. The br and’s Scoop Truck, which will be touring 11 cities this year, will also serve as one of the campaigns’ voting platforms. Once consumers have eaten their free frozen treats, they’ll be asked to use their spoons as “ballots” (vote by depositing their spoons in one of several recycling boxes marked with various ingredient names). Does that remind you of another br and who used a similar voting tactic when it was starting out – Innocent?

Great br ands and companies have no problem “stealing with pride” and recognising good ideas when they see them.

Ben & Jerry’s are by no means the only br and to involve their customers in developing or choosing new products and services. Nespresso have been collaborating with their Club members for years on many aspects of their marketing. Whether choosing the end of their commercials or identifying the next new blend to be launched, Nespresso Club members are made to feel important and privileged.

Involving customers in the development of new product and/or service concepts not only makes them feel valued, it also makes them more loyal and valuable advocates of your br ands too. 

Exp and your Thinking

Example of innovation leversHow do you come up with ideas and concepts for new products and services today? If you are like most companies, they probably come in a majority from your current portfolio of br ands. Whilst this can meet with a certain level of success, as it is what customers expect, or rather dem and, there is another process that can drive even greater success. This is the use of what are often called innovation levers, or what others refer to as “the s and box”. I love the latter term as it suggests light-hearted play, which is an effective way to get people thinking “outside the box”.

Innovation levers enable thinking to “push the envelope” and to exp and outside the box in which R&D and marketing can sometimes find themselves. Rather than thinking about the next flavour or packaging idea, why not consider a new channel or communications strategy?

Coke sharing canCoke recently used two of these levers, but combined them, when it launched its “sharing can”. Not only can the can be split in two for sharing, it also enables new potential consumers to consider buying a can, such as those with smaller thirsts or those traveling.

Starting from a different lever than the one you usually use can result in more creative concepts.

Go Beyond Trend Following

Grow your business using customer underst andingAnother challenge when looking to make R&D more customer centric, is in moving them from trend following to scenario planning. R&D people often seem to be more comfortable with trends and “poo poo” future scenarios as improbable forecasts. It is therefore important to explain to them that scenario planning is not forecasting. If they can allow themselves to be open to listening to a story, which exposes imaginary but plausible new worlds to them, they can become inspired by the opportunities. The ideas that are created from scenario planning, have in my experience been amongst the most ground-breaking ever developed. Isn’t that exactly what we would all like to market, rather than the staple diet of predictable renovations?

These are just four ideas that I shared during the conference a few years ago, to stimulate and excite the R&D department. Hopefully they have excited you to have a go at convincing your own operations people to get closer to the customer.

Have you other examples of how you got your own R&D people to think outside their technical box? Then I’d love to hear about them, so please share your thoughts and ideas below.

If you would like some more creative innovation ideas, check out our website: https://www.c3centricity.com/home/vision

Need help in taking your innovation outside its box, or in connecting with your customers? Let’s discuss how we can help you catalyze your customer centricity; contact us here today.

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Listen Up! I’ve Got a Story for You

It has been a few weeks since we last had a guest post on our site. For this reason, it was a pleasure for us to receive the following article from Angelo Ponzi, who is Director at C3Centricity partner PhaseOne. His suggestions on storytelling are a must-read for all those in marketing.

Storytelling can be found throughout history and in every culture around the world.  The art of storytelling is certainly not new and has been used to recite the tales of great heroes or villains.  Storytelling has been used to shape and redefine events in order to persuade and change possible outcomes in history.

 

Who’s your audience?

When you think about storytelling, don’t think in terms of “once upon a time” but instead what story you’re trying to communicate. When you think about presenting your br and to the marketplace or the 110-page report you just developed after weeks of research, you need to think about your audience and how your presentation, whether it’s a TV commercial or PowerPoint, will persuade and motivate them.  Persuasion requires that we distinguish our message from other messages to which our audience is being exposed, provide them with information they are unable to get elsewhere and do it in a meaningful way.

Great business leaders such as Steve Jobs or Jack Welch understood how to use stories when talking about their companies or products.  Advertising also embraces the idea and impact of storytelling.  Think of the conquering heroes of the Red Bull “Got Wings” commercials or how an entire generation embraced Pepsi.

There are lots of ways to approach telling your story. It doesn’t matter if it’s a movie, play, book or the presentation to the board — keep it simple and focused.

 

What Does Your Story Say About Your Br and?

Every one of us is impacted by the stories told by br ands.  In fact, we each make br and/product choices hundreds of times each day.  In most cases, we don’t even think about it.  While the reasons we make those choices vary, br and choice is always a part of our decision process.  What does the br and st and for, and what is its story?

Think of Coke, Pepsi, Chevy, Volvo and Virgin America, for example.  I’d be surprised if every one of their stories didn’t pop into your mind, regardless of how you feel about the br and.

The goal for the br ands you represent is for it to become an integral part of your customers’ personal or business lives.  If the story your br and tells fits into their lives and provides them with a solution to their needs, then you have customers for life.

 

Be Relevant

However, a story that is not relevant and means nothing to your audience will lose audience engagement.  Your job is to make sure your audience cares about the story you’re telling.

PhaseOne’s research has defined some guiding principals to help companies deliver key messages in the stories they tell. These concepts can be applied to company, br and, advertising, and of course that important presentation to management.

From the beginning of man to our current digital age, storytelling has been an important aspect of life. As the cave man stood in front of the fire pointing and grunting to tell the story of his hunt, to the executive at the local watering hole after work telling her colleagues about the killer presentation she made to the CEO, storytelling has and will continue to be an important part of who we are.

This post is based upon one that was first published in Alert Magazine’s January 2013 issue. You can read the full article here: http://alert.marketingresearch.org/

For more on how you can improve your organisations use of storytelling and presentations, please check our website: https://www.c3centricity.com/home/underst and/ If you would like our support on this topic, then ask about our 1-Day Catalyst sessions; one topic, one day, BIG improvements. Please contact us for an informal discussion about how we can help.

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Improving the ROI of Information Investments

If you have ever worked in a typical organisation, you will have almost certainly been under pressure at times to reduce budgets. Each time this happens, market research and information gathering tend to be one of the first areas to be cut. After all there doesn’t appear to be a negative impact on sales, so its Return-on-Investment is questioned. Sound familiar? Then read on.

Unlike advertising and communications to your customers, information gathering does not have an obvious link to sales, at least in the short term, so it is the first target many managers choose when looking to reduce costs. If you are tired of having to constantly defend your budget then I have some ideas to help, so that next time someone comes looking for money, it won’t be from your budget.

#1. Take your (internal) client’s perspective

What is the boss getting for his / her money? If you reply lots of data and information, then that is the reason your budget gets cut. People who have problems don’t want data they want solutions. Therefore don’t provide nice tables and graphs, but rather a story to inspire the changes you recommend, based upon your findings.

#2. Review your methods

Are you still doing the same type of information gathering that you’ve done for the last five, ten or even more years? If so then it is time to review your methodologies, questionnaires and reporting. The world is changing fast and you can’t expect the questions you developed years ago remain as relevant today as they once were. Take a look at your customers and see how they have changed and what needs to be measured today. That way what information you do collect is likely be in areas that are new to the organisation and thus invaluable.

#3. Review your reports

Another habit we can get ourselves into is to continue to produce the same old reports with the same KPIs, graphs and tables. Or sometimes even worse, as I once sadly witnessed in a major FMCG / CPG; the reports just kept getting bigger and bigger as more and more information was added. It got to the point where management woke up to the fact one day and (rightly) cancelled the whole report!

As with methodologies, your own reports need to be regularly updated. What are your own clients really using out of everything you circulate? You may be disappointed to see just how little they use. If they are not reading / reviewing everything you send, then stop sending it. When you get over the shock, you will be happy to have more time to develop more useful analyses. After all, the main reason we get locked into habit is that we don’t have time to think!

#4. Review your costs

Are you working in a regional or global organisation? If so, has your company negotiated discounts for multiple purchases of their different external reports and analyses? Many suppliers are open to providing a discount for a st andardised report or mass purchases of regular reports they produce. However they won’t offer them if they find unnecessary multiple purchases, why should they? You have to ask for them.

#5. Review your value

With the above four points you may be able to avoid a budget cut next time, but you need to also prepare for future crises. Review what value you provide and admit honestly whether or not you would pay what you cost your organisation, for the information and insights you provide. If not, then act quickly before someone else realises this too. Find out what your clients need and provide more of it. Perhaps even more importantly, find out what your clients may need in the future and are maybe not yet aware, and pre-empt their request by offering it. That will certainly impact your value and their appreciation.

If you follow these five tips, then you have a good chance that your budget will not be cut next time your manager has to make a cost-cutting exercise. Have other tips to add? Please add your comments below and also share these with your colleagues. They will appreciate your foresight.

Let’s discuss how we can help you achieve a better ROI on your information investments; contact us today and check out our website: https://www.c3centricity.com/vision

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13 Marketing Quotes to Inspire Customer Centricity

The end of a year and the beginning of a new one is a great time to consider what changes you need to make in your marketing.

What habits have you become so comfortable with that you don’t even notice or question them? With today’s fast-paced world, business needs to be constantly adapting and preparing for the future.

These thirteen (plus a bonus one!) marketing quotes are amongst my favourites of the moment and will hopefully inspire you to consider what changes you need to make in the coming year to become even more customer centric.

#1. “There may be Customers without Br ands, but there are no Br ands without Customers” Anon (>>Click to Tweet<<)

This has to be the most important marketing quote to remember for all of us wanting to be more customer centric. Br ands depend upon customers and if companies remember this, then they can only succeed. If however they get so tied up in their products & services that they forget their customer, they may enjoy their work but their br ands will always be vulnerable to competition.

#2. “Nothing can add more power to your life than concentrating all your energies on a limited set of targets” Nido Qubein (>>Click to Tweet<<)

One of the biggest mistakes marketing can make is to not appropriately define its target audience. It is underst andably hard for a br and manager to accept that he can’t please all category users and that his target sub-category is smaller than the total category he thinks he could attract. By trying to please everyone, we end up pleasing no one, so bite the bullet and reduce your target category size by more precise audience selection. More on targeting HERE.

#3. “The more you engage with customers the clearer things become and the easier it is to determine what you should be doing” John Russell, President, Harley Davidson (>>Click to Tweet<<)

If it isn’t already included, then every employee should have customer connection added to their annual objectives. Whether they are the CEO, an Executive Vice-President, a machine operator, sales clerk or br and manager, they all need to underst and how their day job impacts the satisfaction of their customers.

#4. “If you use st andard research methods you will have the same insights as everyone else” David Nichols (>>Click to Tweet<<)

When was the last time you revised your market research toolbox or refined your insight development process? It’s a rapidly changing world both technologically and societally-speaking. The methods you use to observe, underst and and eventually delight your customers should be moving as fast, if not even faster, to stay in touch with the market. If you are interested in a 1-Day Catalyst session reviewing all your methodologies and metrics contact us HERE.

#5. “The structure will automatically provide the pattern for the action which follows” Donald Curtis (>>Click to Tweet<<)

There has been a lot of discussion about the new roles of the CMO, CIO and the creation of a new CCO (Chief Customer Officer) position. Perhaps it is time for your organisation to review its structure and see if it is still optimal for the business of today, as well as of tomorrow. As mentioned above, the world is changing rapidly and you need to keep abreast of these changes to stay in the game. Who wants to find themselves the equivalent of the Kodak of 2013?

#6. “Customer Service shouldn’t be a department, it should be the entire company” Tony Hsieh, CEO Zappo’s (>>Click to Tweet<<)

This is one of my all-time favourite quotes from a man I truly admire, for truly “getting” customer centricity. Their slogan is even “Powered by Service”! As already above, every single person in a company has a role to play in satisfying the customer. Zappo’s have an integration program for all new hires – including the EVPs – that includes time at their call centre answering customer queries. What a great way to show a new person what the company is really about. Why not start a similar introduction in your own company?

#7. “The real voyage of discovery consists not in seeking new l ands but seeing with new eyes” Marcel Proust (>>Click to Tweet<<)

Today’s customers are very dem anding which has prompted many companies to increase their innovation and new product launches. However, it has been shown that renovation is as important as innovation in keeping customers satisfied (find link to relevant articles HERE). Instead of forcing your marketing and R&D to meet certain percentage targets, most launches of which will be destined to failure according to latest statistics, why not review your current offers with new eyes? If you truly underst and your customers, you will quickly find small changes that can make a significant impact on customer satisfaction and loyalty, when you take their perspective. And as an added bonus, if it solves a frustration of theirs, it might even bring you increased profits, since the perceived value will be higher than the cost.

#8. “A br and for a company is like a reputation for a person. You earn reputation by trying to do hard things well” Jeff Bezos (>>Click to Tweet<<)

In the past most companies were more concerned with the reputation of their br ands and forgot that of the company, other than with investors. As consumers become interested in knowing and adhering to the policies of the companies behind the br ands, it is vital to manage both from the customer perspective. In addition, if your company is the br and, will be closely associated with it, or you are considering adding it more prominently to your packaging, then this becomes vital to follow.

#9. “The journey of a thous and miles must begin with a single step” Chinese Proverb (>>Click to Tweet<<)

Today’s customer often has a more complex path to purchase in many categories, so thinking of the simple awareness to loyalty funnel becomes less relevant. In order to underst and the purchasing of your br and, think information integration, as customers are becoming as savvy about products as they are about themselves. They seek out information, usually in relation to the size of the budget they will spend, and take the time needed to make what they consider to be an informed decision. Check whether you are in every relevant touchpoint with appropriate information for them.

#10. “However beautiful the strategy, you should occasionally look at the results” Winston Churchill (>>Click to Tweet<<)

If your world had changed then so should the metrics you use to manage the business. The new year is a great time to review last year’s business results in comparison to the metrics you have been following. Were you correctly assessing the environment, the market and customer behaviour? If not, perhaps you need to redefine your KPIs.

#11. “The fear of being wrong is the prime inhibitor of the creative process” Jean Bryant

Do you embrace entrepreneurship in your organisation? What happens when someone fails whilst trying something new? The more accepting you are of relevant trial and error exercises, the more likely your employees are to share their more creative ideas. If failure is punished, then they will be reluctant to try or even propose new things and your business will stagnate. This is a great time to review your ways of compensating creativeness as well as how you share learnings from failures?

#12. “Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in information” T S Eliot

Do you ever take decisions based on information or knowledge? If so then perhaps you should reconsider your insight development process. Whilst information and knowledge are essential to deeper underst anding of your customers, it is only when you have integrated everything you know and underst and about them, that you can begin to develop insights that will positively impact your customers’ behaviour.

#13. “If you can’t sum up the story in a sentence, you don’t know what you’re talking about” Garr Reynolds

How about making 2013 the year that you moved from PowerPoint presentations to Prezi storytelling? Even if you remain with whatever software you are currently using, taking the decision to share information and underst anding in a new way through storytelling, will have a profound impact on the way your employees think and remember the essential underst andings of your customers.

Finally, if you take only one message out of all these suggestions,  I hope it is this one, which to quote Charles Darwin is:

“It is not the strongest of the species that survive, nor the most intelligent, it is those most responsive to change”

2013 is going to be a year of considerable change for us all; let’s manage it rather than just suffer its impact.

If you have your own favourite quote that inspires you to change your business practices in 2013 , then please share it below. We would love to hear your own inspiration.

For even more inspiring quotes, why not check our website; they are regularly updated: https://www.c3centricity.com/library/

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The Great Trends Hoax: They don’t give a Business a Competitive Advantage

Do you follow trends? I bet you do! Everyone likes talking about the future, imagining what it might hold and then taking pride in seeing that they were “right”, that what they had “predicted” has come true. If this is how you work with trends, then you must read this post – urgently!

There are many trend providers today, from futurologists, to trend agencies, to gurus, all claiming to have “the truth”. An ex-colleague of mine made an interesting comment to me last weekend, as we hiked up to the top of La Dole, one of the small hills in the Lac Leman area of Switzerl and where I live.

We were discussing trend following and she was comparing the providers with which her company had worked in the last five or ten years. Which of them “had got it right” and which ones hadn’t. I said that I wasn’t too keen on businesses working with trends alone, as there was no competitive advantage in doing so. She then made a wonderful comment: “You’re right of course. In fact when you go to these meetings to hear about the latest trends each year, you are sitting with a group of 20, 50, 100 or often even more people, all hearing the same presentations and “predictions”. If you all go back and start working on actions to respond to the future that was just presented, you’re all doing the same things and are in a way actually making the predictions come true”.

As I said, I have never really liked working with trends other than for developing plausible future scenarios, but she had put one of my concerns into words; you don’t gain competitive advantage from following trends. Whilst they may at best provide indications of some tactical actions you might take in the short-term, trends cannot help you develop your vision and strategy.

So if you want to achieve the real advantage of following trends and to get a head-start over your competition, then it’s time you started developing your own future scenarios. How? Well, here’s a 10-step approach that I have found has worked with many of my clients, which assumes that you are already following trends of some description:

10-Step Process

  1. Identify the most relevant trends for your category from all those that you are currently following. This evaluation is often best h andled by your market research and insight group, who have access to a lot of information, both internal and external, and not just on trends. If this is a new area for you all, you may decide to seek some external support to help you make these first difficult choices.
  2. Invite a group of about 10-15 people from various departments within the organisation and who have ideas about what will happen in their different areas of the business, to join your “Futures” team. I have found that when invited, few refuse and in fact more ask to join the group when they hear about it, than you really need, so you’ll get the wonderful privilege of choosing the best and most complementary members.
  3. As a team, discuss each of the selected trends in turn and how it is likely to develop in the future, say in the next 10-20 years. Really push everyone’s thinking out of the “probable” and into the “possible”. Depending upon the number of trends, this may take several meetings to pass them all under review.
  4. The market research and insight group, who will ideally be leading the whole process, should then summarise the future of each trend and the forces that will be acting upon it. Agree on the two or three main trend drivers, that are common to the developments, and which when crossed will result in four to eight future worlds.
  5. Review these worlds in another “Futures” team meeting and decide if they are all relevant for your business, or whether their impact will in fact be similar; you are looking to eventually reduce the number of worlds to a more manageable size.
  6. Describe each future world and build a story around them; a day in the life tends to work well.
  7. Identify the challenges and opportunities for the business in each of the created new worlds.
  8. Share the conclusions with the “Futures” team and refine your selection of actions for best business preparedness.
  9. Illustrate each of the worlds that you have selected as being of most relevance. To make them inspirational for everyone with whom you share them, why not try something different? We work with storytelling, visualisation and videos to get the findings across in the most exciting way.
  10. Present to top management and enjoy sharing with them your identified opportunities and challenges, which from my own experience they will never have imagined before.

You will notice that the last step of the process is the presentation to management. Of course in reality it is only the beginning, as you will then need to support each business in defining solutions to answer the challenges and opportunities identified.

Additional steps for Regional / Global players

Also, if you work in a regional or global role, you will need to follow up with regional and global presentations, to ensure that everyone appreciates the necessity of working together on the trends, their progress and their impact on business. They also need to underst and that it will be important to alert markets behind them on certain trends and what may happen to them, as well as to observe those ahead of them to prepare their own market for changes.

Scenario planning is a company project, not a departmental one, which is why trend following cannot be left to each market or business unit to do on its own. Have fun with your own scenario developments and enjoy the unique chance of inspiring the whole business with the opportunities and challenges you have identified. It is much more rewarding than presenting trends, which have merely grown or declined from one year to the next.

Have you had experience in developing scenarios yourself? If so, please share what worked or didn’t for you, and let me know if you would add any important steps from your own process, to the ones I have mentioned above.

For more information on scenario planning, vision and strategy development, please check out our website:  https://www.c3centricity.com/home/vision/

If you would like our help in developing an inspiring story about what your business’s future worlds could be, and what challenges and opportunities may await you in 10, 15 or even 20 years from now, then why not contact us for an informal discussion? NO Obligation, just INSPIRATION!

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Presentation success: 5 Tips to go from good to great

Are you sometimes frustrated that nobody seems to listen to your presentations as closely as you would like, or to take the actions you are recommending afterwards? 

Having been in the same position myself, I also know that you probably work hard to make needed transformations in your presentation content and style, to get the attention of management, but they either don’t notice or even worse don’t give you the chance to show that you can do better. If so, then this post is for you.

Recently, I came across an inspiring – if long – video made by Sony Music about their segmentation work. Anyone who has run a customer segmentation will surely underst and that although the project itself can be quite complex, even daunting at times, it is nothing in comparison to the challenges you must face to present it to the organisation and to get them to action it.

In the video they speak of a number of ideas that they came up with to get the company to buy into the study and to make the adjustments in their customer approach that were identified by the results. If you haven’t yet seen it I would definitely stop reading and click on the link given above; it is an inspiration to all who watch it, I guarantee.

Watching this video made me realise that however complicated an analytics project might be, it is only when the sharing of the results is effective, that it leads to action and success. Therefore I came up with the following five tips to help bring the change and action you are hoping for from your presentations, be they the results of market research projects, the summary of information you have gathered from trawling the web, or any other form of knowledge gathering, analysis and sharing.

#1. Don’t tell me what you’ve done

I know we all want to be believed and we think that sharing all the work we have done, the hours of analysis, the thous ands of interviews carried out etc will impress the audience. This can’t be further from the truth. Either the listeners already know what was done, or at least can find more information in the report should they want to.

Instead, why not tell them what they need to do? What are the actions they need to consider, to take advantage of the challenge or opportunity you have uncovered? Let’s spend time talking about ideas rather than information.

#2. Dump the data

Almost any gathering of data and information provides more knowledge than anyone can swallow at one time. Instead of sharing everything you have found, why not share only the small proportion that led you to the decisions and actions you are proposing? If people want more they will certainly ask and in general most people ask for less rather than more data in a presentation. Use their time for dialogue rather than a monologue!

#3. Dramatize by Visualizing

A picture tells a thous and words, so why do you continue to torture people with text and tables? Show pictures instead, or simple graphs at the very least, so that people will listen to you rather than trying to analyse and comprehend all the numbers you are showing, or trying to read all the words on your slides.

One great example of how people love pictures rather than too many statistics, is the rise in popularity of Infographics; why not make one yourself and give it away at the end of the meeting, rather than sending a report? You can find many inspiring examples on different topics  here.

#4. Do tell a story

Nothing is worse than drowning in data and never-ending tables of information. Make a change by telling a story rather than showing tables of the results and findings. Everyone likes a good story and what’s more they remember it. How often do people remember tables of data?

Sevendots, a C3Centricity partner, prides itself on storytelling in presentations and their clients have been known to retell the story to their colleagues afterwards and also to use the visualisation elements they saw. It is so much easier to remember a story than an analysis.

#5. Don’t give results give actions

Analysts love to drown us all in data and information, when what we are looking for are insights and actions. So instead of presenting results, why not develop insights, by integrating all the other things you know about the subject under discussion and proposing actions or changes that would answer the issues or opportunities that have been identified? This way everyone goes away with concrete ideas of what needs to be done, rather than a sore head from all the data and information. If you have followed tip 4 then this will be a natural conclusion, as every story has an ending.

These are five ideas that I came up with to help the world move away from boring presentations to the more inspiring world of storytelling. They should certainly help your presentations be more successful. Do you have any other ideas on how to make information sharing fun for everyone? I would love to hear about your own best experiences; how did you inspire your audience?

For more on knowledge sharing and presentations, do check out our website here: https://www.c3centricity.com/home/underst and/

This post is based on one that first appeared on C3Centricity Dimensions on April 26th 2012.

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Build Better Insights in just 4 steps

We are lucky to be living in an information rich environment, where numerous data sources are readily available to us.

However, this can also be a challenge since we are usually:

“Drowning in data and starving for insight”

as I have often been quoted.

If you too are drowning in data, take a look at these four easy steps you can take to meet the challenge of better insight development. We call them the four “I’s” of Insight development to impact business:

Step 1 – IDENTIFY: first identify the most relevant pieces of information for the issue or opportunity you have selected to address, as well as for the business or industry you are in. How do you decide what is relevant?

Look at who your target audience is; what do they like to do in their spare time; what are their hobbies; what are their needs, desires and dreams; what motivates them; what are their basic values? What are they tweeting and blogging about? Do they speak about problems they have with the products and categories you are reviewing? All of these will help you to really underst and them and what issues or opportunities there are for your product or service and br and.

Step 2 – INTEGRATE: once you have gathered and prioritized the most valuable sources of information, it is necessary to integrate them in order to reap their full benefits. Customer information and facts that are integrated help to build deeper knowledge. It also enables the extraction of essential underst anding on which the business can grow.

Data integration can be done manually or using technology, which is advisable when managing large amounts of information. Integration of underst anding can be done by looking for themes and key topics that get repeated across the different sources.

Step 3 – INSIGHTS: after integration of the information, you need to develop the insights. If you haven’t already done so, get a mixed team of experts from different relevant departments together to review all the information, and have the project led by one of your Market Research or Insight group. They will love both the recognition and the challenge of running an insight development session, using everything that has been gathered and integrated.

Step 4 – INSPIRE: as the team begins to hypothesize insights coming out of the information, find someone who can then synthesize their findings into a compelling story. Storytelling will fire enthusiasm into both the team and the company at large, and everyone will be more ready and willing to take the required action. Storytelling helps the findings and insights to be transmitted to all interested parties within the organisation. In some cases, a presentation using storytelling is sufficient for decisions to be made.

How do you develop insights in your own organisation. Do you have other ways to integrate information and knowledge? Please share your ideas with everyone.

For more on Insight development, please see our website https://www.c3centricity.com/home/underst and/

This post first appeared in C3Centricity Dimensions on December 29th 2011

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