Beyond Advertising: Part 2

(Continued from Part 1 @ https://www.khaleejtimes.com/business-technology-review/beyond-advertising )

 

Headlines from January 1, 2027, The New York Times

 

Global Warming Ended.

 Ice Caps Return.

AIDS and Cancer Cure Share Nobel Prize.

War? What’s That?

 

Sounds too good to be true. Okay, here are two more from the industry trade magazine Advertising Age:

 

CMO OF GOLDMAN SACHS RECEIVES MORE BONUS THAN BANKERS. CMO WINS NOBEL PRIZE.

 

Well, here is my view of the future and what I believe it will hold. Not only do I think that this represents a realistic view of where our industry could be in a few years from now and I think that our being there today could have a bearing on the world headlines I’ve put up.

 

If I were to look ahead to the future, the hope is that advertising would be focused more on authentic trust building engagement through human insight rather than relentless stalking through data mining.

 

For that, words really matter and it’s time to look at a new advertising vocabulary (Infographic 1.0) and for advertising to challenge entrenched mental models that we have been all prey to (Infographic 2.0).

Infographic 1.0

Infographic 2.0

 

Remember the office desk is a dangerous place from which to view the world. Even digital needs a human touch for it to be soulful. Soulful advertising comes from those who interrogate their souls and that of the people they serve to be able to tell the truth in a way that affirms, alters, enhances people’s lives while making money or profit.

 

Advertisers will have to realise that brands will not be the centre of any conversations. Instead, brands will have to deliver opportunities for people to have the kind of conversations they want- with other people. The imperative for advertisers will be to avoid butting into conversations and instead to facilitate the kind of interpersonal conversations people want to have.

 

With so many changes going on within the industry, now is a great time to stop at the crossroads and look in a new direction. To look at the outcomes, – to create work that is as clever and creative as the best entertainment- in fact, so good, we could charge people to watch them. Today’s ads now compete not just with other ads but millions of moments of entertainment from professionally made work to home videos.

 

A dash of the familiar makes something palatable, a hint of the strange makes it interesting.

 

It takes Two to Tango

 

Like the perceived binary of analytics and creative, the short and long term are often in tension- should a brand aim to increase sales now by focusing on the quick sell, or should a brand play the long game, patiently waiting for the numbers to climb?

 

We have two clear takeaways. While Big Data is a revolutionary force, short-term metrics- to which it leans- do not predict long term effects. And emotional, creative campaigns, – which focus on the long term- will benefit a brand far more than a quick spike in sales. The two must work together: investment in brand and trust building combined with short term ‘brand activations ‘to reap the sales benefits of those investments.

 

In the future, analytics and creatives will be a match made in heaven. Designers and operational experts will work hand in glove. Ok, admitted, that is a fair bit of idealism, but then that is the whole point. What if the new collaboration yields an even more compelling and unifying brand purpose that goes beyond ‘the big idea ‘of the traditional ad campaign to create something more lasting, more connected to the aligned objectives that draws heavily on all these disciplines? Something that articulates what all those in the service of and serviced by the brand can relate to, as it is how the brand betters their lives.

 

Fewture Forward

Part of really embracing the future is putting few of your resources on the cutting edge because the cutting edge becomes mainstream so fast. You might look back and realise that you are missing the whole opportunity.

 

Far too often we get narcissistic about the brand (people must be interested in what we make) rather than be humble, empathetic, and interested in their lives. Great brand communication ideas act as a bridge. A bridge between what people are interested in and what you make/sell. A bridge between your world and theirs; real life / culture and commerce.

 

Multiple bets and the Velcro analogy

Brands now and in the future need to do lots of things, not just one big thing. Tying into the point of placing little bets and to be about managing portfolios rather than playing roulette. Google is a great example of this type of prodigious brand- Search to Google 411 to Chrome to Maps … (the list goes on). Creating brands built around a coherent stream of small ideas makes them stickier (the Velcro analogy of little hooks that Russell Davies has used is an incredibly powerful metaphor)- being the brand of new news and seen as having momentum and energy is the best leading indicator of future preference and usage. It also means you are more likely to thrive in a world where 95% of things die.

 

Actions speak louder than words. We need to make communication products, not just communicate a product. Create actions and things, not ads.

 

Curiosity Skilled the Cat

 

The future of how to thrive in the changed advertising landscape is curiosity. Without an inherent sense of cultural and technological curiosity embedded into advertising’s DNA then our industry is doomed to irrelevance. We don’t have to have all the answers, but we need to be asking all the questions because our future will be built by the curious.

 

Getting ready for the future of advertising means innovating products that foster creativity, support flawless brand experiences, and vitally keep up with the ever-changing consumer behavior. Exceptional marketers will leverage the unpredictable, moving the brand into the spotlight in real time.

 

Yours Personally

 

We may not personally know everyone we communicate with, but they are as informed, conscientious, and astute as our nearest and dearest. It’s time to treat them as such. Indeed “they” are “we “.

 

The Compass points towards Trust

 

Every three hundred thousand years or so, the north pole and the south pole switch places. The magnetic fields of the Earth flip.

In our culture, it happens more often than not.

And in the world of culture change, it just happened. The true north, the method that works best has flipped. Instead of selfish mass, effective advertising would need to rely on empathy and trust.

 

To be continued..

Suresh Dinakaran is the Chief Storyteller at branding agency ISD Global, Managing Editor of BrandKnew and Founder, Weeklileaks. Feedback welcome at suresh@groupisd.com

 

 

‘FIED ‘ and Tested

‘FIED ‘ and Tested
If judging others constitutes full time employment, then most of the world is a very well employed space.
As beautifully articulated by Stanford professor Mark Gerzon, “The world today has an advocacy surplus and an inquiry deficit “.
‘ FIED ‘ can fall into three buckets:
QualiFIED means that you have done the work, earned the trust and have been invited to join us. You get a seat at the table. More than ever, the current technology and the lack of gatekeepers mean that your body of work could earn you the benefit of the doubt and give you a chance to speak up.
DisqualiFIED is what happens when you over promise and under deliver or you expose intent that’s not in alignment with what the rest of us expect or need.
UnqualiFIED is rare. It’s at a premium. Like in “ you have our unqualified support “. Getting the benefit of the doubt long after most people would have lost our trust is a hard won privilege. It’s very hard to earn unqualified support, so if you earn it, be careful to not waste it.
The worrying trend though is far too often even well before we begin looking at skill, we are judging people for other reasons. It is definitely not done and highly wasteful.
Being confused about what makes one qualiFIED or not, perpetuates injustice.
It is a rapid race to the bottom.
And if your quest is for the True North, then south is not the direction to head in.

The future of advertising: a sneak peek!

The Future of Advertising: A Sneak Peek!

What could/should “advertising” look like in 2020 and beyond? What should we do now for that future?

Some questions that crowd our every day artery. Restless consumers and fast changing technology are creating unheralded disruption. Advertising has always been a combination of art and science. Technology is now becoming a third variable. Advertisers “have to get all three of these things right”. They have to be three good.

There are Un Ignorable Forces of Change. Throwing Unabated Challenges to the status quo. But having said that, once recognised, respected and responded right, they offer Unprecedented Upside Potential for the Future. Lets examine them below:-

Exponential Advances in Science & Tech: With IOT, AI, Machine Learning etc, we now have a deeper real time understanding of things, people, situations. Bringing along with it an outsized and unprecedented responsibility for what we do with that knowledge.

Empowered & Skeptical “Consumers” : Wanting Customerization & Personalization (make it mine), seeking Choice(Give me tools to make better decisions), expecting Competitive Value (Give me more for my money), searching for Communities( Let me be a part of it), across multiple Channels (I want to call, click and visit). Individuals with lives, aspirations, challenges, family, communities. They want to be worthy of respect and you need to earn their trust.

Media Disruption & Redefinition : One way has become Two Way, Static is now Dynamic, Stationary is now Mobile, Passive is now Sensing, One-Dimension is now Immersive, Visual has turned Multi sensory. There exists Unprecedented Platform Design Capabilities for delivering Exceptional Contextualised Experiences.

Culture, Society & Our World : Straddling many a Divide across Health, Income, Digital, Education, Equality & Tolerance, Climate & Sustainability.

Inspiring, Measurable Business Models: A heady mix of The customer driven/ holistic model , The co creation model,  The open innovation model , Network orchestration model , The Competitive Value Model, Transformation to full service provider model, The emerging market innovation engine model, The shift to digital and network business models

So what are the takeaways that we can extract from the above listed landscape?

– Traditional mindsets, including those about advertising and marketing, must be challenged and potentially changed. I am referring to the Mental Models: The Primary Impediment to Transformation- For eg: “It has always worked this way.” “We tried it and it didn’t work.” “We’re profitable; why change?..and so forth! 

Before Roger Bannister broke the 4 Minute Mile on May 6, 1954, nobody thought that such a record could be set. We need to ask ‘ What is your 4 minute mile ‘ ?

Its the time to challenge our Mental Models of Advertising and Move from Marketers and Agencies, through Media, at Target Demographics toward being Cross-Silo Collaborators, from Ads toward Orchestrated Value-Creation Touch points, from Frequency toward When Needed, Wanted, Appreciated, from Reach toward Where Needed, Wanted, Appreciated, from Push and Persuade For Sales toward Multi Win Outcomes,pull & engage, from Ad Campaigns toward Initiatives in Holistic, Dynamic Ecosystem.

There is also a great upside in starting to use a new Vocabulary:

From Campaign To Initiative, From Content To Substance, From Persuading To Inspiring and Enabling, From Selling To Serving, From Seeking Loyalty To Earning Trust, From Disruption To Better/Alternate Solutions, From Features and Benefits to Brand Roles in People’s Lives, From Brand Differentiation To Brand Distinctiveness, From Employees To Brand Ambassadors, From Talent To Brand Stewards, From Consumers(myopic) To People with Lives, From Advertising Campaigns To Value Creation Initiatives, From Direct Response To Actionable Communications, From Big Data To Actionable Insights, From Success/Failure To Learning.

The time has come to challenge everything. Leave no sacred cows. Even challenge the objective of the firm from maximising long term shareholder value to aligning the objectives of the brand, the people (consumers…) and society.

– A strong call out to shift your focus from media mix to portfolios of all touchpoint orchestration. Go beyond the 4 Ps- bring in CeX, CSR, Packaging, Web & App etc all. The path to purchase is not linear any more. Operating in a sliver is not serving the purpose.

– Leverage the power of content( make RAVES– Relevant, Actionable, Valuable, Exceptional & Shareworthy) and the power of context( MADE: Multi Sensory, Audience driven, Delivery across platforms, Environment & location sensitive) that helps deliver your compelling brand purpose.

– Be always in beta– in adaptive experimentation mode to foster innovation, to learn faster & better, to attract and retain better talent, to hoodwink competition.

There’s no shortage of screens and there’s no shortage of impressions. But there’s a shortage of high value connection points between brands and consumers, which is the whole point of advertising. You have to create effective engagement with the consumer that gets them to buy.

Latin is very much Greek to me but as I come towards the end of this piece some Latin to keep an eye on. We have passed those days of ‘ Caveat Emptor ‘( meaning Buyer Beware). The new skid on the block these days is ‘ Caveat Venditor ‘ ( meaning Seller Beware ). 

As the brilliant Bob Hoffman puts it ” If you want to die an imbecile in advertising, don’t pay attention to art, literature, history, science, anthropology or nature. Pay attention to the Kardashians “.

Going back to Latin mode- friends- Semper Vigilans (meaning stay vigilant)!

ENDS

https://www.groupisd.com/story

https://www.brandknewmag.com

https://www.weeklileaks.com

https://www.brandknew.groupisd.com

The Algebra of Trust..

The Algebra of Trust and How the Virtual World is Playing Havoc with it!
We have all noticed that all too often online, feedback descends to trolling and then degenerates to hate on all sides. Why is that? Why does this honourable form of human commentary from one person to another rarely work online?

Fundamentally what has changed is the nature of trust and as trust changes, so do relationships precisely because of how we are hardwired to form connections with people. It is no surprise that trust in the virtual world is very fragile(though easier to establish initially). Feedback depends on trust. In face to face relationships where there is trust, when one side screws up, it would be causing anger, friction, resentment, mistrust to creep in. But, if the connection is strong enough, things can be salvaged, an apology rendered and trust can get restored. Indeed, once restored, the bond of trust maybe even stronger than what it was erstwhile.
It’s different in the virtual world- once trust is threatened, it’s instantly broken and almost impossible to reestablish. People simply move on. Since trust was fragile and on egg shells in the first place, it gets broken at the slightest provocation.
Let’s look at the resident flaws domiciled in virtual feedback. Firstly, there is much less of it because it is harder to give than face to face feedback. Secondly, virtual feedback is much less robust and more likely to cause irreparable harm. And as an extension of that a weaker feedback has far diluted meaning.
Though lacking the unconscious stream of emotional information we receive automatically from other people face to face, virtual feedback, less robust as it may be, still stings- why is that?
We humans are social beings; put us face to face, we share mirror neurons that allow us to match each other’s emotions unconsciously and immediately( more about Neurons and Narratives in a separate post). We leak emotions to each other. Yes. We anticipate and mirror each other’s movements when we are in sympathy or agreement- singing from the same hymn sheet shall we say. And we can mirror each other’s brain activity when we’re engaged in storytelling and listening-both halves of the communication conundrum.
All of that leaking and sharing creates intimacy, trust and connection. It fuels receptivity and interest in other people’s point of  view. There is a quest to achieve this state of human communion. Make no mistake- it’s wrong to think that most humans prefer the solitary life that so much of modern virtual life imposes on us. We’ re most comfortable when we are connected, sharing strong emotions and stories.
The virtual world in stark contrast is much less engaging. This stems from the fact that the forms of the virtual world lacks the emotional information we crave. With this we can segway into another critical aspect of the virtual era that has high premium written all over. The issue of authenticity. More on it at a later date in time.
As an aside: Do you think Twitter needs a crash course in Anger Management? It is said that your audience is the product– just a polite enquiry… ( Well it’s for a different discussion!).

ENDS

https://www.groupisd.com/story

https://www.brandknewmag.com

https://www.weeklileaks.com

The CMO’s wish list for 2018: An evolving list…

A lot of us are now on the drawing board mapping out ways to get better in 2018. The fundamentals are not going to change- reach, connect,engage, influence, transact and all of that- but what could we do to better stimulate the landscape as we get set to welcome and take on the New Year. Here’s a partial(and ever evolving list):-

a) A new BHAG of tricks: Nothing brings together a team like a BHAG — a Big Hairy Aggressive Goal —without enough time to deliver it. Backs to the wall brings out the best in us!

b) Am not alluding to the fact of disrespecting the organisation chart but don’t obsess over it on paper.Instead, get the right people, the right goals and vitally, the right trust in place.

c) And for all the HeRoines and HeRoes in HR, recruit with an immersion, not just an interview. Align passion with goals.Basic, yes! Hire marketing leaders with general management skills to ensure results exceed individual contribution.

d) When things are working well, that is the best time to deconstruct your strategy and try new things.

e) If you are in a new category where your customers need a lot of education and support, your organisation needs to be built around education first and products second.

f) Extend your approach to marketing beyond “getting a message out there”; focus on building trust.

g) Don’t overcomplicate marketing. At the end of the day, it’s still marketing: Market Research, Content, Sales enablement, Awareness, Demand generation, Partnerships, Customer retention.Customer advocacy.

h) When you’re the underdog in your industry, hire people with the DNA to creatively leapfrog the competition, not follow the industry norms. You need to have your Purple Cow(fantastic book by Seth Godin).

i) Own marketing across the organisation. Don’t be afraid to integrate marketers into other parts of the organisation, but always have at least a dotted line back to marketing.

j) Don’t be afraid of data and machine learning. The time is now to put all that data to use to solve the problems humans simply can’t and further the industry. The key is to leverage them as part of your team, not external resources. Data is the (K)new oil as they say! The transition even amongst large enterprises hitherto involved ion B 2 B marketing is happening towards a B to I space(Business to Individual).

k) The best marketing combines data and storytelling. It gives you a way to appeal to the emotional side of people. The Unique Feelings Proposition is what brands need to go after!

l) The future of marketing is in the CeX(Customer Experience). Success comes from knowing your consumers’ passions, being innovative in the way you engage them and having a team that collaborates across all aspects of the customer experience delivery. For consumers, the thrill and purpose of experience has replaced the earlier compulsion for ownership. So ride the opportunity.

m) Marketers will know that The Future of Advertising will be a thing of the past. So, re invent, re engineer, re boot and re calibrate! There is a new customer segment: the Customer Segment of 1. Get ready to reach out to them. Address mindsets, not demographics!

n) As we are all agreeing these days, digital is just as much marketing as marketing is digital. So the two roles have combined, and how! It’s a tell, tell, tell, digitell world.

o) Brands and marketers will recognise the immense power of Transparency and how consumers warm up to brands who are not afraid to stand in their own truth. In a Post Truth world, The Future is Transparency!

Marketing has the power, and responsibility, to inspire the whole company, not just customers. Marketing also has the power to be so much more than the “make it pretty” department.It has the imperative to inspire everyone in the company, not just the people who touch the product.So, let us know our rockets from our launch pads.

For inspiring quotes and actionable intelligence from brand owners and marketing champions, please check this link http://groupisd.com/isd-brochure/

ENDS

www.groupisd.com

www.brandknewmag.com

Image Courtsey: Search Engine Journal