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Strategic sensing

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Strategic sensing

  1. 1. Strategic Sensing in Marketing (S2Mk) ...from the Maker Movement, Design Thinking,Translucency, the new “Social Market” , Osmotic Consumers, Experimedia and Mallennials to Webrooming, Micro-stores, Lifestyle Looking Pools, Experiential Valleys, Metrics that Matter and Hubonomics . Professor Luiz Moutinho Foundation Chair of Marketing Adam Smith Business School University of Glasgow, Scotland
  2. 2. Will the maker movement go mainstream?DIY (do-it-yourself) is rapidly transforming from the traditional “how to decorate or change a tire” towards making or designing something for yourself and others. A growing number of people are getting involved, from individuals to large corporations such as GE Garage and Radioshack, who want to take advantage of the “maker” culture. 3D printers are still pricey but will become more affordable for many people in the next few years fuelling the growth of the Maker Movement.Chris Anderson, CEO of autonomous aircraft and open source drone maker 3D Robotics believes “The next generation of industrial designers are going to be the kids that get 3D printers for Christmas this year.” (ZDNet)
  3. 3. It’s a pop-up world: Here today, gone tomorrow is going mainstream. Why? According to Spire Research brand owners value the pop-up store for reasons including: Creating an instant buzz, allowing non-committal exposure through short-term leases, offering opportunities for brands to experiment in informal, cost-effective ways for new products and concepts. Many brands are now using the pop-up concept, e.g. Nike, Kate Spade, Gucci, Louis Vuitton and Gap. Start- up Republic Spaces is building on the trend with a boutique marketplace for pop-up stores that connects emerging designers, brands, artisans, and DIYers with appropriate retail space for short-term retail initiatives. Meanwhile miLES aims to transform empty space in the Lower East Side of Manhattan, offering storefront for short-term uses such as pop-up shops, events, classes, co- working space, and anything else you can imagine. (Source: Mashable)
  4. 4. Marketing Strategies for the Future Normal has left the marketing arena The old paradigm -- where businesses produced, marketers talked, consumers listened and sales followed -- has given way to an economy where customers co-create, marketing strategies involves two-way interactions, and customized product offerings move into the marketplace via channels unheard of even a few years ago.
  5. 5. • There's no doubt: Marketers are constantly looking for metrics that matter. • For many, however, page views, link clicks, unique visitors, and even social interactions — such as likes and favourites —just aren't cutting it anymore. Attention Metrics: The Future of Measurement in Marketing Here's why modern marketers should gauge consumers' consumption, engagement, and attention.
  6. 6. • Shallow Metrics tend to measure volume rather than consumption of content. Marketers should no longer want just clicks but rather viewers’ time----and most important, ATTENTION. As an industry, and to create a more sustainable economic model, they need to think about the real quality of marketing messages. Ask yourself….”What holds PEOPLE’S ATTENTION?”
  7. 7. Marketers today need to focus more on attention metrics— or those measurements that track the “total time audience members spend with content and their level of engagement.”
  8. 8. • Attention metrics enable marketers to delve deeper into the subjects, trends ,motives, and values that are top-of-mind for the audience. ATENTION IS MINDSHARE.Attention means that some amount of thought is diverted towards that message or product. It is when you apply a little bit more of your consideration-----that spectrum of thought that someone gives towards something.
  9. 9. . • But exactly how do you quantify attention? • You can start by measuring viewability and longevity of content. Viewability is simply the metric that is used to determine whether a message was seen; longevity is the time spent with content.
  10. 10. Marketers should really measure other attention-centric metrics, like the view-through rate—or the percentage of people who play videos in their entirety, for example. In essence, measure completion and engagement. Despite the relative newness of EARNED attention metrics, they are the measurements of the future. This is the next evolution of marketing metrics. The important thing that we cannot lose sight of this ,making sure we create metrics that translate into something meaningful and material.
  11. 11. TRENDS IN GLOBAL MARKETING-Hubonomics: The new face of globalization As production and consumption become more distributed, hubs will characterize the next wave of “globalization.” They will specialize to support the needs of growing regional trade, emerging city states, on-line communities of choice, and the next generation of flexible workers and entrepreneurs. Underpinning these hubs will be global knowledge networks and new business and governance models based on hubonomics™, that leverage global assets and hub strengths to deliver local value.
  12. 12. TRENDS in INTERNATIONAL MARKETING-Marketing will shift from globalization to personalization. The world is more connected because of technology these days, but marketing is becoming more regionalized, and more localized, even more individualized, as consumers resist homogenization. Personalization is not a trend. It is a marketing tsunami, here to stay, which will transform how we think about and how we manage global brands. Companies will decentralizing their structure and increase regional and local influence.
  13. 13. Trends in International Marketing EXTENDING BOUNDARIES. Use digital media channels to reach new customers and global markets. Companies do not have to buy expensive real estate every time they set up shop in a new country or market. They can use the power of the Internet to reach new customers with targeted global marketing content and campaigns. Global marketers need to know who their customers are and adapt brand and marketing messages to suit the language and culture.
  14. 14. You have to be fast on your feet and adaptive or else a strategy is useless. Charles de Gaulle

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