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From the Road

Glocalization – Catchy Buzzword or Required Marketing Capability?

currencyThose who live and breathe marketing have a problem: we can never fully unplug. Marketing follows us wherever we go. The TV ads, the social media forums, the direct e-mail – there’s a constant wondering of the strategic idea behind a campaign, whether the target audience was properly selected, and whether the channel mix works. Or perhaps this is just me and I’m projecting. Let’s move on.

Following my last post on globalization and its ramifications for the structure of global marketing functions, I spent a week trying to unplug in Italy (thank you, Starwood points). What spurred the above introduction was the amazing difference in marketing communications techniques required in the Italian market versus the United States – both industrialized Western countries with heavy penetration of traditional and digital media. Similar on paper, far different in practice.

Two examples to illustrate the point: the U.S. has more television channels than anyone can possibly absorb; Italy is lucky to top out at 20, with RAI and Mediaset accounting for most viewership. Micro-targeting by consumer preferences, geography, and niche TV channel, while so prevalent in the US, could hardly exist in any meaningful fashion for Italian campaigns. Or take outdoor advertising – billboards, posters, street signs. You can’t turn a corner in Rome without seeing an ad plastered on exterior building walls; street names adorn the top of 2×3 foot signs displaying the latest Versace gown. Put those same posters in downtown Chicago or Washington D.C. and you’d be handed fines for littering or defacing private property. In both examples, touchpoints deemed critical for one media consumption culture have little to no value in another.

Are our marketing departments structured to take advantage of these diverse media environments? As consultant-speak as it sounds, glocalization must become a capability of global marketing functions if those organizations want to achieve some semblance of communications resonance in diverse markets. There are multitudes of trade-offs for marketing executives to consider here – which capabilities to keep tethered to a global center, how to overlay behavioral segmentation with media consumption, how local the ownership/creation of communications must become. All the while, executives must keep brand consistency and customer experience foremost in their minds. The power of today’s technology means that a misstep in Italy can mean headaches in the United States; local can become global instantaneously.

MLC members, browse our collection of marketing communications organizational profiles to see how your peers are tackling the organizational challenges behind communications resonance, and also see how Ford has overcome the challenge of selecting the right channels for each market through strong test-and-control experiments.

Cutting Edge

Buzzwords Decoded: Ten Social Media Terms To Know

Computer-phoneWhether you want to get smart or sound cool, here’s what ten commonly used social media buzzwords mean in layman’s terms.  What other jargon is your digital agency (or, more likely, your 14 year-old) throwing your way?

1.  Social Graph: A visual representation of the different connections that an individual has within a larger social network.    Click here to learn more.

2. Social CRM: A process to monitor, engage and manage conversations and relationships with existing and prospective customers and influencers across the internet, social networks, and digital channels.  Click here to learn more.

3. Geo targeting: In geomarketing and internet marketing, the method of determining the physical location of a website visitor and delivering different content to that visitor based on his or her location.   Click here to learn more.

4. Blogroll: A list of sites displayed in the sidebar of blog, showing who the blogger reads regularly.  Click here to learn more.

5. Crowdsourcing: Harnessing the skills and enthusiasm of those outside an organization who are prepared to volunteer their time contributing content and solving problems.  Click here to learn more.

6.  Glocal: Refers to the social media management approach used by organizations looking to “think globally and act locally” when crafting and executing a social media strategy.  Click here to learn more.

7. Social Search: Combines traditional search algorithm methods with information gleaned from social networking sites to determine which results would be most applicable to the user.  Click here to learn more.

8. Blogosphere: Refers to a “network” all blogs and their interconnections. The term implies that blogs exist together as a connected community (or as a collection of connected communities). Click here to learn more.

9.  Social Media Optimization: Making your content (ex: whitepapers, press releases, commercials) portable to that users can share it with friends.  Click here to learn more.

10. White Label: A web tool, platform, or program that someone else built but will let you customize.  KickApps is a good example of a white label social network – they’ve built the basic functionality, but you can tailor the community for your brand without the expense of building a new network from scratch.

For more buzzword fun, check out this list from Ignite.  Have any you’d add to the list?

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MarketPulse

What’s the “Pop Tart/Hurricane” Equivalent in Your Business?

Many MetricsA few weeks ago, I pulled 10 nuggets from The Economist’s special report on social media. Fittingly, The Economist followed that this week with a special report on managing information.

Managing and making best use of all the data trails that consumers create via digital and social media is critical for marketers (see this prior post on managing information richness). This capability is one of a few that will separate winning marketing functions (and even enterprises) from losing ones in the next 3-5 years.

So, without further delay, here are 10 of my favorite takeaways from the report. Read More »

Cornerstones

Can Consumers Name Your Commercial in Just 3 Seconds?

iStock_000005697102XSmall - is management for mePerhaps you’ve seen episodes of Name That Tune on the Game Show Network (or maybe you’re old enough to remember when it was a hit in the 1970s).  Regardless, contestants competed to identify a song by listening to as few notes as possible.  I was reminded of that show while watching commercials during the Olympics last week.  Within the first few seconds of seeing a new ad, I knew it was for McDonald’s.  There were no golden arches or kids eating French fries to help me; there was just a vibe, an emotional connection that immediately made me recognize the ad as McDonald’s.

In an age when brands are identified by an icon like a duck or gecko, a recognizable sound like the deep voiceover of Morgan Freeman, or a celebrity spokesperson, I found it refreshing to see an ad that relied on none of those but still made a lasting and memorable impression. Read More »

Cutting Edge

Social Media in ‘Unsocial’ Industries

iStock_000005649513XSmall - small figures with briefcasesLet’s face it: some brands have it easier than others when it comes to social media.

But while the Harley Davidsons and Coca-Colas of the world have a leg up, companies in “unsocial” industries (pharma, financial services, manufacturing, I’m talking to you) can still take advantage of the opportunity that social media offers.

Matthew Lehman, the Web Experience Director at Progressive Insurance, has some great suggestions for how companies in “unsocial” (and yes, sometimes downright unpopular) industries can use social media to boost customer satisfaction. Read More »

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Cornerstones

Jack of All Trades, Master of None?

jack of all tradesIf your company is like mine, the beginning of the fiscal year (now, for most of us) is when we’re thinking about project portfolios and operating plans – and, it’s the one time we managers have to focus on our direct reports’ development plans.  Setting development goals for staff while creating these “IDPs” (as we call them: “individual development plans”) is easy for some functions. Sales has revenue goals. Procurement has cost-cutting goals. But for marketing, setting development goals – and understanding the underlying functional competencies marketing staffers need to develop (and then creating action plans that line up to their current projects) – can be a little tricky. Why? Read More »

From the Road

Globalization Whether We Like it Or Not

Amsterdam Schiphol Airport, Concourse D and I’m eating Sbarro, drinking a Coke, and overlooking flag carriers from the Netherlands, France, Italy, and the UK. The voice from above announces flight information in three languages – Dutch, English, and the language of the country’s destination. The passengers next to me are listening to iPods singing American pop, heading for Africa.

Whither globalization? I beg to differ.

There was a bit of consternation at the Davos confab earlier this year as to whether the era of globalization was the root cause of the global financial meltdown, and as a result, perhaps it was time to roll back some of that interconnectedness. Nicolas Sarkozy was particularly pungent in his argument to this effect. Granted, globalization certainly hastened the onset of recessionary tendencies the world over; international capital flows have only increased since the Asia financial crisis of the late 1990s sent a minor shock wave through the system. Read More »

MarketPulse

Innovating Absent the Brand? Not So Fast.

FIN blue skyward arrow

Very rarely does one member conversation spark a complex web of issues, but one yesterday with a senior marketer at a consumer firm in a mature industry did just that.

The firm has reconfigured its entire new product development process, from stage gates, to resource allocation, to organizational structure and ultimately, the locus of innovation – a conscious shift from incremental to disruptive.  Simultaneously, the company placed brand management among its top priorities for the year.  Our dialogue quickly turned to the intersection of the two and which was actually driving the bus. Read More »

Cutting Edge

Three Tips for Getting Legal to “OK” Your Social Media Plan

LEGAL gavelTired of playing 20 questions with your legal team?  Let Lizzie help.

As Digital Web Lead at Allstate Insurance, Lizzie Schreier has faced her share of legal battles.  After jumping through hoops to persuade Allstate’s legal team to embrace (or at least accept) social media, she’s ready to share her key lessons learned. 

Here’s her advice on how you can make the marketing / legal partnership a little less painful: Read More »

Diversions

Is Your Innovation Approach Cutting Against the Economic Grain?

lightbulb lineFriday’s Wall Street Journal showed a delicious contrast in innovation approaches in side-by-side articles (yes, I’ve just revealed I still read a broadsheet from time-to-time).

On the one hand, you have P&G launching the latest, feature rich, premium-seeking version of its Fusion razor.  Blade edges so fine you need a microscope to see them.  Anti-hydroplane technology.  And an even more ergonomic grip. 

(Wait.  Backup.  My razor blade can hydroplane? On my face?  Scary… Does my auto insurance cover that?)

In contrast, the neighboring article details GE’s plans to launch a handheld ultrasound device.  Price point: under US$10,000.  Compare that to $25-50k for laptop-based machines, or $250k for a cart-based ultrasound.  Of course, the handhelds won’t have the functionality of the others, but for many situations, they don’t need to.  Cutting out features in favor of portability and low price actually opens up new markets.  That’s smart, “good enough” innovation in a tough economic environment. Read More »

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