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Entries Tagged as 'Current Affairs'

Trends that will influence 2010 and beyond

December 15th, 2009 · Business owner/leader stuff, Current Affairs, Marketing, Trends

94021801 Ad giant JWT has done a year-end forecast for the past several years and has just released their thoughts on what 2010 will bring.

Here's a glance at the 10 trends they believe will shape this next year.

Searching for Stability
While many indicators point to the beginnings of an economic recovery, consumers will continue to exercise restraint until they see more clear, dependable and closer-to-home signs of stability. Unemployment lifting will be a key barometer for consumers. (Example: People are still delaying big-ticket purchases.)
 
Reading the Fine Print
Consumers will be working harder than ever, putting more time and energy into finding good values, reading the fine print and learning the ins and outs of nutrition, environmental impact and ethical business practices. (Example: As banks, airlines and other ailing service industries impose a complex raft of fees and conditions on customers, failure to pay close attention will be costly.)
 
Maximum Disclosure
While manufacturers and retailers have become increasingly transparent in recent years, legal requirements and competitive pressures will force fuller disclosure about everything from ingredients and calorie counts to carbon footprints and sourcing. (Example: Walmart is working with its suppliers to develop a sustainability index for all its products.)
 
The Devil Wears Packaging
As the eco spotlight focuses on the environmental costs of packaging, brands will increasingly switch to bottles, boxes and other solutions that reduce, reuse, recycle, remove and renew. (Example: Kenco Coffee in the U.K. recently launched Eco Refills, which it says use 97 percent less packaging than its glass jars.)
 
It's BIC, and It’s Bigger Than Ever
The vaunted BRIC emerging markets are now down to BIC—and while developed nations remain hobbled by the financial crisis, Brazil, India and China are emerging stronger than ever, both economically and politically. (Example: As the appetite for luxury in the developed world wanes, it’s on the rise in China; in October, dozens of French luxury labels, including Christian Dior and Chanel, launched a Web site <http://www.ccolbert.fr/>  to promote their brands in the region.)
 
Trickle-Up Innovation
Products designed for emerging markets are increasingly filtering into the developed world, where consumers are welcoming them as cheaper and simpler alternatives to existing choices. (Example: India’s Mahindra & Mahindra is gaining market share against John Deere, offering suburban lawn-owners in the U.S. a lower-horsepower tractor at lower prices.)
 
Retooling for an Aging World
As the world’s population grows older than it’s ever been, watch for a proliferation of products and services that cater to this demographic as they strive to live independently for as long as they can. (Example: Thermador has designed a glass cooktop that automatically shuts off when cooking is completed.)
 
Life in Real Time
The Web is evolving into a constantly updating stream of real-time information, conversation, memes and images. This is creating an increasingly mass culture and shifting perceptions of “current,” moving modern life into the “now.” (Example: During the World Series, the Huffington Post created a real-time hub that collected the Twitter feeds of baseball writers, Yankees mavens and Phillies commenters.)
 
Location-Based Everything
With more location-based services and advanced mobile and mapping technologies hitting the market, the conversation will become as much about “where I am” as it is about “what I’m doing” and “what’s on my mind.” (Example: Foursquare, a gaming app, uses geo-tagging technology to help users find and share bars, restaurants and other venues with friends.)
 
Visual Fluency
The ongoing shift from words to images will accelerate, and we’ll see increasingly innovative ways to explain and illuminate complex topics. (Example: The animated online short “The Crisis of Credit Visualized <http://www.crisisofcredit.com/> ” blends storytelling, journalism and analysis to make a complex topic easier to grasp.)

If you'd like to read about each trend in detail, you can purchase the full report by clicking here.

Here's what I am wondering…which of these trends do you think will have the most impact on your business in 2010?  And…what are you doing to maximize the opportunity?

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To find your nerve, find your core

October 20th, 2009 · Business owner/leader stuff, Current Affairs, Life

Shutterstock_33666787 A few months ago, I received an intriguing e-mail from a guy named Steve McKee.  He had an idea. 

He wanted to build "a website dedicated to supporting the community of corporate professionals who want to move beyond the economic morass and return their companies to the growth path. This grass roots effort is intended to help jump start corporations and, therefore, the economy."

Each day of the 4th quarter, they would have a different guest author address the issue of how do you get back your nerve and get back to some semblance of business as usual.  As you know, I've been rallying against the paralysis caused by the recession (here, here and here) for quite some time so I jumped at the opportunity.

My contribution went live today and I'd like to:

  • Share it with you
  • Get your feedback
  • Ask you to share it with others

Here's how I started….

When the recession hit, many companies lost their nerve. They began to second-guess their own decisions. They compromised on what they believed was right because right was too expensive. They chased after business that wasn't really a good fit — because any business was better than the potential of no business.

And they lost their way. A side effect of being lost is being scared. Sometimes being scared leads to being paralyzed. In my opinion, that's why this recession got so bad.

We got scared and we got stuck.

It's time for us to find our nerve and get ourselves out of this recession. I highly doubt there's going to be a bailout for any of us.

So how do we break loose from our fear and get some nerve? We get back to our core.

Please check out the FindYourNerve.com site to read the rest.

While you're there, check out the rest of the site.  There are polls, plenty of blog posts from some very smart folks, and some eye opening facts about the recession and advertising/marketing.

Also note that this is a very savvy effort on Steve's part to promote and sell his new book, When Growth Stalls. Rally the troops around something they're passionate about and they'll do whatever it takes to get the word out.  And sell some books along the way.

The site is well done, Steve's intentions are honorable and I encourage you to check out the guest posts.

Photo courtesy of Shutterstock.com

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Too many choices paralyze buyers

July 8th, 2009 · Current Affairs, Customers/Clients, Sales · 13 Comments

When television was first introduced, there were 3 black and white channels.  Today, 500+.  Many in my baby boomer (I would like to point out that I am on the very tail end of that demographic!) demo grew up reveling in the idea of many choices because it was new territory. But fast forward to [Read more...]

Shame on you advertisers!

March 31st, 2009 · Business owner/leader stuff, Current Affairs, Strategy · 13 Comments

We've talked before about how the media hype is actually making the recession worse.  How our fear is paralyzing us from spending a buck or making a business decision that involves any sort of an investment. As you'll recall, I said I thought it was up to the businesses of this country to ignore the [Read more...]

Are you making the recession worse?

February 2nd, 2009 · Business owner/leader stuff, Community, Current Affairs, Marketing · 20 Comments

Let me first acknowledge that I know the recession is real.  I know people are losing their jobs, homes and life savings.    I get that. But the truth is….we’re making it worse.  We’re letting fear make it worse. Just like the kid who works himself up into a frenzy because he imagines what might be [Read more...]

10 words to avoid in 2009

December 22nd, 2008 · Copywriting, Current Affairs, Marketing · 25 Comments

Good friend to the Marketing Minute, Susan Gunelius (author of Harry Potter, the story of a global business phenomenon) has a great article on Entrepreneuer's website.  In the article, Susan reminds us that the normally jaded and wary consumer is even more so after the economic struggles of 2008. I think her list will surprise [Read more...]

5 marketing musts during a recession (with tactics included!)

October 15th, 2008 · Current Affairs, Customers/Clients, Employees, Marketing, Strategy · 64 Comments

I understand the lure of just hunkering down and waiting out the economic lull.  And I know you’re probably tired of hearing this….but if you are smart — this is a huge opportunity for you to capture market share and solidify your position in the marketplace. Please do not sit this one out.  And I’m [Read more...]

Sometimes a brand doesn't have to say a word

October 1st, 2008 · Branding, Current Affairs, Passion · 10 Comments

Every once in awhile, a brand has such a rock solid understanding about themselves, their raving fans and the world in which they exist — they can do something powerful without saying a single word. Budweiser has always been about as American as it gets.  Their fan base is true blue American and they’ve talked [Read more...]

Brace your business for the bumpy road

September 18th, 2008 · Current Affairs, Strategy · 9 Comments

Banks failing, gas prices rising, and the credit crunch pinching — no wonder business people are nervous.  These are scary times. But they don’t have to be disastrous times.  We’ve weathered recessions (even though we are apparently not in one) before and we will weather this one too. There’s been some very smart writing on [Read more...]

Did McCain's speech keep his brand promise?

September 6th, 2008 · Branding, Current Affairs, Media, Strategy · 4 Comments

Just like we did last week with Barack Obama, 6 marketing pros watched John McCain’s speech through a very specific lens. How did the speech support their brand? McCain had a tough act to follow.  Sarah Palin’s speech has shattered expectations in terms of viewers and buzz. He had to build on that momentum and [Read more...]