Tag Archives: business

Is technology slowing us down?

Seriously, is it? This might sound like a strange question from a technology early adopter and yet I believe this is a valid question. I realize that technology is actually fueling growth, opening up new opportunities and markets, giving access to consumers that were previously out of reach. It’s at the base of many new products and helps us connect with the world. But it also seems to be a burden, a barrier for many businesses in that same quest for growth. Every week I see decisions being taken – with clients, partners or friends – that are based upon technology and that should have been taken weeks, months or even years ago. Or even worse – decisions which we all know are wrong from the start, but where technology forces to do things in a certain way. This is just an observation but one I encounter too regularly to ignore. And I think these are the main reasons:

People can’t keep up. Being an early adopter for technology is one thing. It opens up opportunities if you are one, but it’s not really an issue for business when you’re not. The real problem with the rapid technology development is that this rhythm is very different than the business/marketing rhythm of many businesses. Even if they know which technology offers real opportunities, they haven’t got the means nor the organization to cope with that. On top of that the early adopters don’t care about that problem, they’re too busy being first with something new that it’s not their problem that the rest of the world can’t keep up. That is not the biggest issue though, the biggest issue is that business are seeing that the gap between the expected level of change and the ability to manage is is getting bigger by the year. And that that is largely related to technology. I didn’t  make that up, it was one of the key findings of the IBM CEO study.

“It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” Charles Darwin

How to judge the expert’s expertise? At the introduction of new technology, experts are born. These experts range from people that have been researching about this new tech for the last x years to others who have read a lot about all this over the last few days/weeks/months. That makes them pretty different even though both will claim their expertise in similar ways and in both cases they will sound pretty knowledgeable to all people that are new to the topic. I’ve always found this a serious problem because everyone knows the importance of a good introduction to something new, and how hard it is to change people’s minds when that introduction wasn’t meeting expectations. You never get a second change to make a first impression.

Wrong decisions from the (recent) past. Maybe the worst reason of all. Companies often know that the technology decision they’re taking today is not the ideal one, but that earlier decisions and investments define the window in which they can decide. That’s really unfortunate of course, it’s like the perfect way to maneuver yourself out of competition. It’s also a very challenging one, because at the one hand you would suggest to make sure everything is researched properly before making a decision (to avoid things to turn out badly later) and yet we’re already being too slow to begin with. A big part of these decisions are platform decisions and I don’t think businesses need to take more time to decide, I do believe they need to approach platforms different compared to what they do now. More on that in a separate post.

Organizational hierarchy. There’s no better way to put this than with Putt’s Law below – this may be from 2006 but it’s still very much true today. Make sure you have the right people take the right part of the decision when it comes down to technology.

“Technology is dominated by 2 types of people: those who understand what they do not manage and those who manage what they do not understand.” Archibald Putt

Who are you?

Customer centric. Customer focus. I’ve heard it so many times, I’ve seen it written on dozens of business missions or as part of a brand’s values. Yet, I don’t believe it. Because quite frankly if you think about the business decision process within companies, which topics do you reckon come first on the list? Those about what the customer wants… or rather those about margin, reducing costs, maximizing revenue etc? And then you think maybe companies realize that as well, since we’re all buzzin’ about the consumer decision journey and stuff like that.

And let’s assume that companies really are customer centric. I wonder how they make it work, because simply put a lot of companies have no idea who their customers are. To illustrate this point I always show this little movie again: “The Break Up” (aka “Bring the love back”).

And I show it not so much for the reason it was created in 2007 but for this little bit where the advertiser replies to the consumer about not really knowing her:

“Know you? Sweetheart I know everything there is to know about you. You’re 28 … to 34, you’re online interests include music, movies and … laser hair removal. You have a modest but dependable disposable income. Am I the only one not getting the problem?”

That sounds about accurate. That sounds like how companies ‘know’ their customers indeed. So the point is, if you don’t really know who your customers are, how can you be customer centric? You can’t.

And that’s a huge issue of course. So it you really care about the full customer experience, you automatically care about who those customers really are. Thanks to research or just talking to them. Who are those people? What is keeping them up at night? What are their dreams? Etc. Companies do a lot of research to see how people feel about their brand, whereas they should research how people feel about themselves… and how they can affect that (dixit Lou Carbone).

Find all 57 business clichés in this picture

It was actually created as a Holidays greeting end of last year but stumbled upon it while cleaning up some files on my computer. ‘Think outside the box’ and find all clichés hidden in this picture. ‘Low hanging fruit’, ‘Mission critical’, ‘Drink the Kool-Aid’, … those are only a few examples. Enjoy! You can download it here.

bizcliches

And in case you have no idea what all this business jargon means? No stress, you can still unsuck it here.

Future vision

Microsoft’s Business Division president Stephen Elop unveiled the latest production from Microsoft Office Labs called “2019″ at the Wharton Business Technology Conference last week. Here’s a video of what our researchers think the future of business might look like:

futurevision

Full story and 5-minute long version of this video ‘i started something’.

Business card v.2

I still have to order new business cards after I changed jobs early October. I didn’t just want the corporate default though so instead I waited until this week to add some gapingvoid magic to it. The front of the card will still be the classic Microsoft design but on the back I will have this (see below) from now on. It sort of says the same as on the front but just in another language :) Can’t wait to get these printed.

hughcard_small

And in case you wonder where the ‘geek marketer’ comes from, read this.

The conference post

After I came back from the Web2.0 Expo in Berlin I thought about writing a post on what I like and don’t like about conferences. A recent post from Laurent Haug (who organizes LIFT) reminded me of that idea so here we go. I wanted to start with highlighting Laurent’s presentation as it’s actually a good introduction for the post I wanted to write anyway. Here it is:

If there’s one conference done right than that’s probably LIFT, hence why it’s such a good introduction. I think it’s fair to say that I am a ‘conference regular’ and on many occasions I see things I would like to see done differently… and for a reason. To be complete I’ve never organized a conference myself so my view is purely based on my own experience.

Location

With the increasing availability of real-time video, twitter, etc it has never been so easy as today to follow a conference online. Hence why it matters more than ever where your event takes place, especially in times of recession. How long to travel, where to stay, what about local transportation to the venue,… . Luckily we have some amazing conferences in Europe and don’t necessarily have to go the US for that (on the contrary) and travel within Europe doesn’t have to be expensive. Still it’s a key part of the choice.

Venue

I think too often the choice of the venue is purely based on budget rather than anything else, which is not how it should be. Personally I like venues that are somewhat unique because they give extra flavor to the event. I also prefer to have a limited number of rooms/areas to be used. At an event like LIFT you have the main room and right next to it an open space where you can network, at Web2.0 Expo there where god knows how many areas (although the venue wasn’t that big) which made it sometimes difficult to find people. Also the venue has got to be big enough, it’s never nice to sit on the ground in the plenary room because it lacks capacity (like at Web2.0 Expo). Is it that much to ask for that when you sell 1000 tickets you can actually seat 1000 people?!

Theme

This is something I miss at most conferences: LeWeb this year is themed around ‘Love’, LIFT in February around “Where did the future go?”, etc but most of the times it’s just ‘Web2.0’ or so which you can hardly call a theme. What is the story they want to convey with their conference? What is it that connects all presentations to each other? What was the motivation to go after those speakers to begin with? What’s the take-away attendees should go home with? During the keynotes at Web2.0 Expo in Berlin this lack of a common theme became clear all too quickly. If I remember well there were 5 short presentations in the keynote: 2 about startups and VC’s, a presentation about open source hardware, another one about the Drupal.org redesign, … It doesn’t matter at this point if those were good presentations or not, the questions is what links them to each other. I sure couldn’t tell. It really isn’t good enough to line up a bunch of speakers on a stage to build a great conference.

Audience

We know from traditional mass media that you cannot target everyone, still that’s what a lot of conference organizers seem to want to do. Organizers have to choose whether they want the geeks or the newbies, the digital media strategists or the traditional advertisers, … All for one very simple reason, you’ll always disappoint half the audience if you don’t make a choice. Unless – yes there is a way – there are several tracks, but I think you should think of this as 2 conferences in 1, which means both tracks have to be rock solid for that specific audience which hardly ever is the case. Big conferences like PDC manage to do that but I think it’s a tough task. So whenever a conference sums up pretty much every possible job out there as target audience, beware.

Content

Once the theme is set – and audience defined – it’s time to go after speakers. That’s part of why I liked last year’s LeWeb so much I think. You could clearly tell that the program was built up (by Cathy Brooks) based on theme and audience. Less on ‘friends of’ or ‘same old, same old’ or sponsor contributions. As a sponsor I can regret the latter but I don’t as I want our contributions to fit in like everyone else. Too many times the content being presented is only loosely linked to each other, some of the presentations are old (as in – seen that exact presentation already a year ago) and often only the first and the last slide don’t sound like a product pitch. I know it’s hard work for a speaker to come up with new stuff all the time (and yes you can use your talk more than once) but some revision every now and then is very welcome. Same goes for organizers, follow up with your speakers and what they will present.

Networking

It’s probably half of the value of each conference, meeting with old and new ‘friends’, in many cases meeting online friends in real life for the first time. It’s part of the reason why the venue matters so much for me, make networking easy to do. And organize side events, or make it easy for people to find all ‘unofficial’ side events organized around the conference. And then I don’t only talk about the speaker/sponsor dinner but in many cases also the Barcamps, GGDs, Workshops, … etc When you visit a conference, you want to maximize your time away from work – and a big part of that is in networking.

Hotel & Transport

On many occasions people will visit the city the conference is in for the first time, or definitely not often enough to know their way around. And yes, we’ll all get around, but I always find it a good idea when a conference organizer tries to cut some deals with hotels in the neighborhood of the conference, in several price categories. It eases the search for attendees to find a good place to stay AND since there’s a better chance for networking since more people will stay in the same places. And inform about all transportation means to get there, or set up transport from the main hotels (like at PDC).

Not@Conference

Although it’s on the list for the last 2 years, I again couldn’t make it to Picnic this year. But I didn’t miss the conference really. As they do a good job at offering LIVE coverage – their own video etc combined with tweets, photos, … that people posted using the picnic tag. At SIME they didn’t offer this, but then they had their LIVE wall to which people (both at the conference and those at home) to send questions for the qna’s after each keynote or panel. For PDC there even was a #notatpdc hashtag in use. Think about this, it won’t keep people away from the conference, it just broadens reach.

I probably missed a few things that you think should be on the list (feel free to point it out to me) but these are the key elements for a good conference for me. I know price wasn’t mentioned but that was on purpose. I didn’t want to start a discussion about which price was right for which conference as I believe most are good value for money.

What aspect of a good conference is missing for you? Or what do you think  about the list?

[Update] Just spent another day at a conference today (Creativity World Forum) and it struck me I forgot to talk about 2 other times on my list: WIFI and food. WIFI because it never really works anywhere (although I must say the Microsoft Event guys do a terrific job at that). And food because it’s pretty much never any good… last’ year’s LeWeb being the exception to confirm the rule. The CWF today had foreseen food for like 200 people (unfortunately they sold 1500 tickets) so I guess that’s what must have been what triggered the reminder to add this to the list ;)

What the customer really needed…

I know it’s a classic but when I spotted this today at Be.Interactive I just knew I had to share this here as well. Enjoy this classic cartoon.

analogy.jpg

Marketing accountability

Marketers have an image problem and it’s their (our) own fault. Marketers need to become more accountable for themselves and for the benefit of the business. This words come out of a presentation from Futurelab, but they’re not the only ones to realize that accountability is exactly one of the key issues marketers have to deal with.

“We can’t compete on price. We also can’t compete on quality, features or service. That leaves fraud, which I’d like you to call marketing”
- Dilbert’s boss

A couple of months ago, Gregor Harter, Eward Landry and Andrew Tipping wrote an interesting article on The New Complete Marketer, like they called it. Apart from ‘putting the consumer at the heart of marketing’ or ‘live the new agency paradigm’ (thinking also about my agency2.0 post) they focus on the ‘make marketing accountable’:

“For many enterprises, the development of accountability follows much the same path, as marketers learn to transform raw data into actionable planning. Stage one is evaluating what is being measured and how it is being measured; stage two is condensing scores of diffuse reports and metrics down to a useful few; and stage three is creating targeted analytics and a core report to gauge performance and help determine where best to focus going forward.”

Back on Futurelab Jon Miller talked about the 5 stages of marketing accountability and asks in which stage you are with your organisation. The stages are:

  1. Denial: “Marketing is an art, not a science. It can’t be measured. The results will come, trust me!”
  2. Anger: “You just don’t understand how marketing works. Why is marketing held to a higher standard than everyone else?”
  3. Confusion: “I know I should measure marketing results, but I just don’t know how.”
  4. Self-Promotion: “Hey, come look at all these charts and graphs!”
  5. Accountability: “Revenue starts in marketing.”

ANA think it’s a trend to watch in 2008 though, they think this is the year marketers will get serious about marketing:

“In ANA’s 2007 marketing accountability study, it was startling to find that, despite enormous efforts, 42% of marketers were dissatisfied with ROI measurements and metrics. In about half of the companies, marketing and finance don’t speak with one voice or share common metrics. Enough! Recognizing the critical importance of accountability, companies will appoint a czar — the chief accountability officer — to lead a disciplined, internally consistent approach to marketing measurements, metrics and productivity.”

So the question is, where are you as a marketer? I believe it is indeed something we marketers need be a lot more serious about, for themselves and the business. What’s your take?

 


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