Wide Angle

While the English language is certainly a common denominator in the business world, assuming everyone speaks it is definitely ill-advised.  So how does a marketing team ensure its product materials are accurate in another language?  One executive poses this question in our recently-launched Marketing Org & Ops Forum, asking “What are the best practices in assessing the quality and correctness of translation service jobs?” Read More »

On Monday, Fortune came out with a long, in-depth piece on the success of Trader Joe’s – the wildly popular small gourmet grocery store. The chain, owned by German grocery conglomerate Aldi, has experienced dynamite growth in the last 15 years, expanding from its base in Southern California to over 200 stores nationwide. Their sales numbers ($8 billion in 2009) are similar to those of semi-competitor Whole Foods, and their sales per square foot are an estimated $1,750, more than double those of Whole Foods.

Fortune spends a lot of ink (or pixels, I suppose) analyzing aspects of Trader Joe’s success. It’s a good article, but what has made TJ’s such a cultural phenomenon isn’t too difficult to discern. I’d separate it into a few key buckets: Read More »

What are the limits of the Nature vs Nurture debate?  Was I really a St. Louis Cardinals fan at birth?  (of course).  One friend of mine seems predisposed towards the Jersey Shore.  Is it in her nature?  (well, she is from New Jersey).

I’ve even heard echoes of the debate when members refer to their employers:

“It’s our nature to follow very specific processes”

“Our culture hasn’t changed in 85 years”

“Our leadership believes that our go-to-market strategy from 2002 is still relevant”

“Our brand personality mirrors one thing: our company’s history”

In other words, some members claim that Nature trumps Nurture.  That the innate qualities of a firm’s culture, leadership, brand personality and politics (Nature) eclipse the impact of externalities and experiences (Nurture). Read More »

The US is in a kind of tough place right now. Let’s see: unemployment is hovering around 10%, not only idling millions of workers but keeping millions more stuck in jobs they don’t like; it’s shaping up to be the hottest summer on record in many parts of the country; and, to top it all off, traffic is getting worse as local governments run out of money to invest in public transit and new roads. Add these (and many, many other) factors up, and it’s no secret why your average American is a little on edge these days.

So when JetBlue flight attendant Steven Slater made a dramatic exit from his job on Tuesday, delivering an expletive-laced tirade to passengers over the intercom before grabbing a beer from the service cart and sliding down the plane’s emergency chute, it wasn’t surprising when he became something of a cause celebre. A Facebook fan group established after the news broke on Tuesday now has nearly 200,000 fans, and there’s talk of a legal defense fund (Slater was cited for public endangerment). Slater has been hounded by reporters and paparazzi since being released on bond, and his relatives have made the talk-show rounds. Read More »

At first blush (okay, pun intended), it’s hard to imagine anything that would be fit for print in a post on a marketing blog.  But in reality, NASA and the nudists in question are but two examples of an increasing trend we are seeing as marketers.  If I said the answer is “open source innovation” would that allow for too many bad jokes?  The truth is NASA has been a proponent of open source innovation since 2003 and in 2002 market researchers at Moen Faucets recruited 20 nudists to be videotaped while bathing to enhance their product development efforts.

Whether co-opting outsiders into helping you innovate as NASA does or getting creative with your ethnographic research as Moen did, we are seeing more and more members reaching out to their customers – and even their non-customers – for innovation help.  Already NASA’s Centennial Challenge Program has resulted in technological breakthroughs orchestrated by a “regular guy” from Maine working alone in his dining room as well as a group led by an undergraduate student at Worcester Polytechnic Institute. Read More »

When we started exploring innovation from a marketing perspective a few months ago, Andy Armstrong left a copy of Baked In: Creating Products and Businesses that Market Themselves by Alex Bogusky and John Winsor on my desk—a fantastic read on market-driven innovation.  I was only a few dozen pages into the book when I hit a particularly insightful piece of guidance:

“Make a list of the cultural trends that influence your consumers’ behavior.  Take your time; all of the items on this list will not be immediately apparent.  Stay with it, and you will gradually observe more and more.  Be a good observer.  Remove yourself from your own cultural perspective.  Look for the absurdities, the incongruities, the things that don’t necessarily make sense.  You will begin to laugh as you start to see the culture from the outside.  (Laughing is a good sign).”

Bogusky’s hypothesis underpinning this advice is simple: consumers are participants in a culture first and an economy second—they’re much more likely to spend their hard-earned dollars on culturally relevant products than culturally ambivalent products.  If a brand wins the cultural relevance game, they’ll likely see the economic benefits as well. Read More »

Scientia potentia est, the Latin maxim commonly paraphrased as “knowledge is power”, is as much a philosophy for gaining competitive advantage today as it was when famously stated by Francis Bacon centuries ago.  But in the elegant simplicity of this phrase lies its vulnerability to misinterpretation and misapplication.  One need only look at the rise and fall of knowledge management (and its current transformation with Web 2.0) to see how quickly this concept can lead you astray.

Just as the word “knowledge” is not qualified in this famous maxim, many people assume that more of any knowledge contributes to more power.  This fails to take into account that some knowledge is far more valuable because of its uniqueness or quality.  Or, perhaps even worse, it falsely assumes that all knowledge is worth the cost of consuming or managing it.   In most organizations, this remains a highly contentious subject.  For every white paper extolling the potential of knowledge management, I read or hear a story from one of our members about the unwieldy systems that fail to deliver. Read More »

We’ve now gathered information from over 250 companies on their social efforts via MLC’s Social Media Maturity Diagnostic.  While 90% of the participating companies are not seeing significant business results for their social efforts, a few social media exemplars are seeing big returns.

One of the ways exemplars are driving results is by using social to embed the brand into customer routines—the recurring “jobs” we do in our personal and professional lives.  These brands are using social to aid the customer across a whole range of sub-tasks that go into completing a routine. Here are a few examples: Read More »

Sales and marketing leaders constantly look for ways to build greater alignment between their two functions.  But efforts to enact joint planning or sync activities across the purchase funnel stall right out of the gates if the two functions don’t first develop a shared view of the customer.

This may sound like an obvious first step but, more often than not, Sales and Marketing aren’t on the same page when it comes to having a common understanding of customer needs.  We often hear tales of Sales accusing Marketing of being notoriously slow and impractical when analyzing customer needs, while marketers argue that Sales “manages by anecdote” and misses broader trends across segments. This tension ultimately hampers the organization’s ability to truly meet customer needs and capture new opportunities as they appear in the marketplace. Read More »

I’m a sucker for top ten lists – world’s busiest airports, tallest buildings, largest bankruptcies, habits of effective social media marketers (ok, the last was just a shameless plug). Yet there’s one list each year that always piques my interest – BCG’s Most Innovative Companies, and this year’s survey results were a bit of a head-scratcher.

Not because of the leading companies on the list – the old standbys of Apple, Google, Microsoft, and IBM still head the class. What was more startling was that 11 companies had declining revenues and 17 companies had declining margins across the 2006-2009 survey period. You can play devil’s advocate with the recession all you’d like, but in a top 50 list of innovators, more than 20% falling shy of growth raises an eyebrow. Read More »