Tag: ISD Global

Is business ‘ jargon ‘ jarring? Language Tom..Language!

We are guilty of it. And fall prey to it as well. And in our perennial desire to conform, comply, adhere, fit in and all of that, ensure that we use the same lexicon that have become common place.

You don’t need to be talking about a mega merger or acquisition to throw the word ‘ synergy ‘ about loosely, only to be caught by an unsuspecting tribe of colleagues and business partners. Way back in the 1600’s when the word synergy first came to prominence, the meaning it meant to echo was ‘ human will meets divine grace ‘- that was an understandable intersection. Over time(and this is what happens to a lot of the ‘ jargon ‘ where the meaning gets changed or diluted), synergy seems to be a completely different animal. Leaving you wondering if you are in sync at all!

Lets perch tent on another jargon speak: ‘ Touch Base ‘. I am not sure if it is very evident that the coinage emanated from American Baseball, but that is the fact of the matter.In baseball, players must touch each of four bases in order to score a run. The prevailing hypothesis is that the phrase “touch base” is a reference to this sport. Touch base means to make contact with someone. Though the sport is nowhere close to being played outside the Americas, the jargon has transcended boundaries. And if you were to read between the lines, the phrase ‘ touch base ‘ would unravel suspicious interpretations. After all, we are at the height of the #MeToo movement. Now we will touch base on another phrase.

‘ Out of the box ‘. The game where connecting the nine dots using no more than 4 straight lines was the origin of this. And to do that you had to go out of the box, extend the line beyond the grid to make sure the connection happens. You couldn’t achieve it by being inside the box. It’s altogether another matter that the phrase itself has become so common place that routine and the mundane have also been crowned as ‘ out of the box ‘ and people are comfortably getting away with it. Another example of a jargon losing meaning or getting diluted in value over time.

Perhaps the flexibility and the fluidity of the English language inspires such lexicon. And over time(through imperialism and colonisation), English is the most used business language ( bidding au revoir to Latin and French).

And charity begins at home. In our meetings at ISD Global its very common to hear words like ‘ recalibrate ‘ ( yours truly is the guilty party here) and we are no way close to discussing anything about a vernier calliper or the way it measures.

There are other ‘ low hanging fruit ‘(yes that’s another one) in the basket among several others and we can leave it to the power of euphemisms and metaphors to play its part to get to be ‘ on the same page ‘ and then ‘ sing from the same hymn sheet ‘.

The linguist will never languish!

ENDS

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A case for brands and business to be more ‘visible’?

Visible not in the conventional sense of the term. Visible here means the value that can be derived by keeping your processes and efforts(emotional labour included) being made clear and visible to your customer universe. Seeing is believing the saying goes.

Imagine you are at your favourite restaurant. And ordered their to die for stake. 30 minutes (with nothing at stake and meaningless multiple up and down scrolling on the smartphone later), you see the restaurant attendant bring your order swinging in through the kitchen doors and sashaying to your table and placing it on your table. Voila! You are a sizzling hot stakeholder now.

Now, lets visit the same situation wherein once you have placed your order for your favourite stake, you get to see what is happening in the kitchen and the team of chefs and kitchen staff doing what they need to get your stake ready. You see the intensity, the passion, the precision, the effort and the collaborative energy that is being invested to get your order to the table. You recognise the emotional labour that has gone into the making and delivering of your order.

So what is the prognosis from the above two scenarios. In situation one, you the customer has no idea of what is happening behind the scenes. Your order comes in and there is almost a sense of deja vu- ” I expected this “. You are not according any additional value to the experience. On the contrary, the opaqueness of the experience, takes away the true potential value proposition.

What happens in situation two? As you see what is happening behind the scenes, the labour , the effort, the commitment that is going into your order being processed, subliminally you begin to value the experience far better. Respect for the brand grows. Not just that. In the context of the team that put the order together, they begin to take greater pride in what they are doing as their effort is being showcased to the end user and the chain reaction of getting better continues.

When CEO Teruo Yabe came aboard Tessei( the Facilities Management company that cleans Japan’s Bullet Trains), the perception of the company was at an all time low. The work was considered 3D: dirty, difficult, dangerous. Yabe wanted to change this into the 3K : it stands for “kansha,” “kangeki” and “kando” (gratitude, drama and strong impressions). How did he do it? Read on..

Firstly, he changed the colours of the workers uniforms from a pale blue to flaming red. Attract attention, yes! On any day, in Tokyo Central Station, a work unit clad in the red uniforms of Tessei Co line up with military precision. A bullet train on the Tohoku shinkansen pulls in, and the workers, at the given signal, step aboard and hastily go about their work. They have a total of 12 minutes(gap between train pulling in and departing) of which 5 minutes must be set aside for passengers disembarking. So, effectively time available to them is just 7 minutes to complete their tasks.

Normally (to quote the  Shukan Post), two to three workers are assigned to a first-class car, as opposed to one to clean up a regular car. In addition to checking for items left behind on the overhead racks and seats, they must flip the 100 seat backs in each car to make them face the front of the train, and while doing this, they scan the aisles and floor for any refuse, a task generally performed in roughly one minute, 30 seconds.

They then proceed to wipe off the table tops in front of each seat and adjust the window blinds. If any of the white covers on seat backs appear begrimed, these are exchanged for clean ones.

At the two-minute warning, they turn their attention to emptying the waste receptacles between cars. They also team up with other staff, whose task is to tend to the lavatories and washrooms. After a final check of all assigned jobs on their list, they assemble outside on the platform and bow in unison toward the passengers awaiting boarding.

1000 seat train, 22 team members, 7 minutes turnaround. Visible : Very. The CNN Crew called it the ‘ 7 Minute Miracle ‘. Their efforts have even inspired a bestselling book, “Shinkansen osoji no tenshi-tachi” (Shinkansen’s cleanup angels) by Isao Endo (published by Asa Shuppan).

Now, lets move onto another brand that hopped onto the visibility bandwagaon. Domino’s Pizza. About 10 or so years ago, Domino’s decided that they will throw open to their customers an interface(Dominos Tracker) wherein they are able to track what is happening to their order right from order received, dough prepared, toppings gathered, gone inside the oven, packed and on the way to delivered. The image quotient for the brand skyrocketed. Not surprising that this has become case studies in many business schools.

As I write this, I am tempted to share what we should have done when at ISD Global(the Dubai based branding agency where I work) delivered the ExceLENS Awards for Photography( sponsored by Toshiba) a couple of weeks ago. Over 10 weeks, a talented, passionate, committed ISD Global team of more than 10 members(apart from a number of equally committed external partners) clocked really long hours to make the event a resounding success. Am trying to make a case for visibility which helps improve and transform experiences, outcomes and business objectives for all stakeholders.

Till the next, VISIBLY Yours!

ENDS

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POVer Shift:From POV(Point of View) to POV( Power of Vulnerability)

Moving the Needle from From POV(Point of View) to POV(Power of Vulnerability)!
In today’s context, to say that social( in the sense of the term social media) has gained significant currency would be a gross understatement.It’s all pervasive, inescapable and deep rooted, one can safely assume.
Once upon a time the theory(espoused by Kevin Bacon) that was floating around was about ‘ The Six Degrees of Separation ‘ where one individual could connect with any other individual in the world irrespective of level, status or complexity through a chain of six human connections. That seemed a feat in itself. The advent of social media networks like Facebook apparently brought that number down to 3.57.
Now add another theory to the above. We are the average of the five people that we spend maximum time with is what we are being given to understand for some time now.That was in a physical world. Now, move that to a virtual scenario wherein our social media contacts run into hundreds if not thousands of connections and we are all observing, contributing, silently following one another and not always for the right reason because the swell of opinions and information is just too over powering for one individual to withstand. Distilling the wheat from the chaff is easier said than done. There is ‘ status anxiety ‘. There is the FOMO at play(Fear of Missing Out) as well. In the relentless avalanche that straddles social media platforms, where is the real ‘ you ‘, the individual? Is your POV(Point of View) actually your point of view? Or conditioned(by AI/Machine Learning etc), pulverised, calibrated, engineered, manipulated to suitably conform, comply, stand in? Or are we falling constant prey to the supposed ‘ wisdom of the crowds ‘?
Have we moved our butt so much from but naturally to bot artificially?
We seem to be in a sordid vortex of an ‘ authenticity drought ‘. Trying to project a chimera that is certainly not a wilful representation of our true self. The power of ‘ onlyness ‘ that creates the distinct individuality the world so badly needs from you is just a fleeting mirage.
Given the context, a huge opportunity looms large. That is embedded in another similar acronym POV but with a radically different meaning. Power of Vulnerability. The true you, with all it’s mortal encumbrances. With the courage ‘to stand naked in your own truth’. No excess baggage of trying to be whom you are not. The YOU that only you can be and WANT to be.Where failings and weaknesses are welcomed as normal just as all the super Machiavellian in us. Where the human is permitted and motivated to be humane. Can we circle back to leverage the opportunity that is unfolding?
For organisations, brands, marketers, behavioural economists and all of those involved in ‘ social listening ‘, data science and analytics, what option would you prefer? An ambiguous amalgam of over, untrue or misrepresentation or a predictably irrational version of what we humans normally are. The jury is out!
‘Tribe mentality‘ is absolutely fine. That is the way we have evolved over the centuries.  But don’t let that scuttle the ‘ onlyness ‘ in you. As you move ahead in life, don’t forget to take yourself along with you in the journey! That is the only baggage you may need. And there won’t be anything ‘ excess ‘ about it. It will be all ‘ access ‘.
ENDS
 
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Your brand’s worth is in your own hands!

Your brand’s worth is in your own hands!
You do not have to look far ahead into the horizon to read that businesses are facing an uncertain economic landscape across multiple markets around the globe. We are amidst a landscape in which brand worth has never faced fiercer scrutiny.
 
Moreover, in this environment, a power shift has taken place as price-conscious shoppers have seized control. Price loyalty or brand loyalty?
 
The done to death strategy(dare we call it that?) that brands have been resorting to, to drive volumes has been, no prizes for guessing, discounting. Not only is it a short term strategy but it also does both the brand and the business serious damage in the longer term. Turning the model upside down, research has shown that a 1% price increase can drive a 12-15% increase in profit. That is three times the profit increase seen by boosting sales the same amount. Which shows that the commercial impact of protecting prices can outweigh cutting them to drive volume.
 
Just like most buying decisions are not rational, so is consumers perception of price, which too leans towards the irrational. Behavioural economics studies show that when you flip the context, re bundle your output and shift the focus from price to value through added layers of experience, consumers are willing to pay disproportionately more for it. This, in some way, also endorses the oft used observation that price is the yardstick of quality.
 
By combining data-led pricing strategies with the creativity and behavioural science of a modern agency(be it ISD Global or any other), brands can dramatically outperform the competition in a commoditised market. 
 
Brands can increase their price perception in the eyes of the customer through a 3C Model of Create(through rituals, theatre, value added services)-Connect(establish a culture where customers are happy to pay more like Frappuccino from Starbucks)-Convert( Optimum sales balancing value and volumes, omni channel, something like what hotel chain IHG does).
 
For the community of marketers everywhere, it is time to seize back control of the most ignored, most impactful lever in the marketing mix: Pricing.
 
 
ENDS
 
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Wanting to go from Rant to Rave…

Wanting to go from Rant ​to Rave…
The saga continues. The desperation is palpable. Because, unless it becomes an obsession, status quo is a convenient getaway. So, if you want to come out of the present rabbit hole, let’s look at a scenario of what was and what should be. It surely is a study in contrast for brands and businesses and the CEOs, CMOs leading them and wanting to Stay Relevant. Forge ahead. Survive. Thrive.
Go from ‘ Be ahead of the pack ‘ to ‘ Be ahead of the curve ‘
​Change thinking from ‘ Get big fast ‘ to ‘ Get a clue ‘
Move on from ‘ Size will defend us ‘ to ‘ Size is no defense ‘
Migrate from ‘ Sales to the usual suspects ‘ to ‘ Sales to unusual prospects ‘
Shift from ‘ Maximise revenues from a few big customers ‘ to Maximise ‘innovation ‘ by seeking out ‘ strange ‘ small customers
​Go away from ‘ Benchmarking against ‘ industry leaders ‘ to ‘ Benchmarking against leading edge firms ‘
Change from ‘ Strategic suppliers ‘ to ‘ Fringe suppliers ‘
Shift search from ‘ Reliable employees ‘ to ‘ Rambunctious employees ‘
‘ Hire the gal(guy) from a prestigious school ‘ to ‘ Hire the gal(guy) with a freaky portfolio ‘
Actively move from ‘ Passive board of directors ‘ to a ‘ Pushy board of directors ‘
Change culture of ‘ Bulk acquisitions ‘ to ‘ Buying innovation ‘
A value chain from ‘ Safety first partners ‘ to ‘ Risk ready partners ‘
From ‘ Playing it safe ‘ to ‘ Playing it Weird ‘
Delete the mantra ‘ Cover all the bases ‘ and establish ‘ Burn all the ships ‘
Though not always with a high degree of success, we at ISD Global(https://bit.ly/2Bx33Kj) try to practice the above preaching. We have realised that this kind of thinking comes more naturally to us and sits comfortably in our hearts and minds. Probably, we now don’t know any other way. That ignorance is bliss. Come join the weird. Wired for the unexpected.
ENDS
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Needed: A Bias for Action!

Needed: A Bias for Action!
A small tweak, with due permission from Issac Newton ” every action has an equal and opposite action “.
We assume that enterprise excellence is something that we can define, analyse, plan for and them maintain in perpetuity. With every turn of the business wheel, we fancy that we now understand the One & True Lasting Thing that will distinguish a good idea from a bad one, a winning strategy from a dud.
Indeed, we labour still under the delusion that the key to winning is….the right strategy. But, what we have to learn is that ‘ excellence ‘ is not something that we can ‘ envision ‘ or  ‘ plan ‘ ahead. We create it as we go along. Then blow it up, and start anew.
Simply put, the search for excellence is…never-ending, ever-shifting. How do we ‘stick to our knitting‘ when one form of ‘knitting‘ after another unravels? You are sprinting, only to be standing in the same place.
The absence of a bias for action remains the biggest problem for large organisations. They simply Think too much. Plan too much. Meet too much. And accomplish too little.
It is an Age of Perpetual and Accelerating Transience. ” Permanence ” is a myth, it is dead. All the basic principles of business are up for grabs. We have got to play as it lays. We’ve got to make it up as we go along.
A little bit of re-emphasizing here: Of course we need Analytics(Desperately). Of course we need some Metrics(Desperately). We need to understand the power of Data(Desperately). But, like All Good Things, ..the ‘ analytics ‘ and ‘ abstractions ‘ have come to subsume the Real World of the living, breathing, emotional, complaining customer.
Companies would be extra keen to re invent their way of doing business. And there is an increasing need for a new breed of intellectual capital to make that happen.
At ISD Global we are getting ready to throw our hat in the ring. Are you biased for action?
ENDS
 
 
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It’s a time to Re-Imagine!

Time to Re Imagine Business! And the time is now. As they say, ” The future is already here, but it is a tad unevenly distributed ‘.

It’s a new world of business. So, isn’t it time to ring out the old and bring in the new? A new mandate has to enter the fray.

Can we shake free of the past? Including(yes definitely) past successes! Can we re imagine an entirely new way of doing business?

Could we stop using these two traditional phrases( I will tell you why):

” Push the envelope “

” Think outside the box “

The problem with both the above(other than their gross overuse) is:

Both suggest that there is an intact envelope or a sturdy box from whose known (and identified borders) we can step out from. But remember:

The envelope is already torn and crumpled..and

The box has been run over by a speeding trailer truck.

So, the task at hand is to:

Think “Weird“, however weird it may sound..be wired for it!

(Re)think ” excellence “

Re-Imagine ” leadership “

Get strange. Did you know that the No 1 source of innovation is ‘ pissed off ‘ people ? People who just cannot tolerate the mundane, the silly, the mediocre that is happening around them. That’s the origin of the best innovation you can ever lay your hands on. So, go ahead and seek pissed off people! HR, are you listening?

Fire the planners. Hire the freaks.

An “excessive cult of the consumer“- ” customer driven” also means being slave to demographics, market research and focus groups. So, ‘listening to customers ‘ might just be the No 1 sin in marketing...

Turn the cliched phrase on its head. ‘The customer is always right‘ to ‘ The customer is always late ‘-

Who wanted Post It Notes? Nobody for a dozen years till 3M ‘ wrote ‘ history and we still keep ‘posting’.

Who wanted Fax Machines? Nobody for the longest time till a ‘ critical mass ‘ of users came along.

Who wanted CDs? Nobody or atleast none of us who had just been through the transformation from phonograph records to tapes. Then the kids started using CDs and the awesome quality of sound made us go Ka-boom!

In the words of Doug Atkin, a partner at Merkley Newman Harty: ” These days you can’t succeed as a company if you’re consumer led-because in a world of constant change, consumers can’t anticipate the next big thing. Companies should be idea-led and consumer-informed”

It’s time to re-imagine. At ISD Global we are constantly trying to be as future ready as possible, driven by the weird, motivated by the untried and fuelled by no fear. To generate ideas that can transform businesses and thereby quality of human life.

Your time starts now. The clock is ticking!

ENDS

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Marketing the new ‘Terms ‘ of endearment

Marketing the New ‘Terms’ of Endearment

Over the years, tried and oft used terms in the world of business and marketing have transcended convention. We seem to be in a perennial state of having to come to terms with these terms. Here is the term sheet on that.

Brand Owners, Advertisers and Marketers were once cosy with ‘ Mass Market ‘. Try and reach the maximum audience numbers through mass media. A lot of the times it was about Spray and Pray. Mass Market transitioned to ‘ Mass Customisation ‘ which went beyond one size fits all to one size fitting some. With the advent of Artificial Intelligence, Machine Learning and Data Science, we are now in an era of the ‘ Customer Segment of One ‘, where one individual as an audience is targeted with high degree of precision and success.

The disclaimers have been turned on its head as well. What used to be common place was a term going as ‘ Caveat Emptor ‘ which essentially was to say buyers beware. The entire onus and risk on buying a product or service was all on the buyer/end user. Now, in an over commoditised world, where we have moved on from push and control to pull and engage, where top down has given way to bottom up marketing, what is evident is ‘ Caveat Venditor ‘, where the accountability and responsibility rests fully on the seller. The wheel has gone a full circle.

Not until long ago, brands and their marketing plans were etched out keeping demographic groups in mind. A pre decided age group with a certain buyer persona was carved out and communication was created to influence and impact that community. The universe has changed dramatically. Brand marketers have now started addressing mindsets which throws conventional wisdom out of the window. As they have now begun to chant, RIP Demographics!

Consumer aspirations have taken a twist as well. Yesteryears we had all marketing and communication created to induce brand ownership. With so much millennial consumption happening, the entire paradigm has now shifted to owning experiences. The new brand mantra for marketers is CeX(Customer Experience) and the City. Ownership is passe, experience is the new aspiration.

Remember those days when the quintessential manna from heaven was ‘ brand loyalty ‘. Coveted, treasured, revered. Loyalty was royalty. In an era of surplus of goods, information, choices, services and a deficit of trust, attention and resources, ‘ customer infidelity ‘ has replaced loyalty. Cheaper, better, faster? Here we shift loyalties!

We were just coming to terms with the ‘ knowledge economy ‘ as it moved on from the  ‘ Industrial Economy ‘and before we knew it we were bang in the middle of the ‘sharing/collaborative economy‘. The dust had hardly settled on that and now the entire attention is rooted on the ‘ attention economy ‘. In an age of perennial distraction, attention is the new premium.

Since advent of marketing, and the quest for differentiation, the narrative has revolved around a USP(Unique Selling Proposition). That feature or benefit which makes your brand distinct or unique from other competitors in the eco system.Then came the not so holy communion onslaught- the SOS- Sea of Sameness. Nothing unique, nothing distinct, the herd mentality, the also ran, the me too. Which prompted our research at ISD Global to discover what we have come to label as UFP- Unique Feelings Proposition– where state of the heart is what brands are appealing to win trust, loyalty, mind and wallet space.

Am sure we will have more to chew on as the intersection of consumer behaviour, rapid evolution of technology and the ever changing socio economic landscape will throw up more perspectives that we have to come to terms with. Till then, au revoir.

ENDS

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Technology and Wisdom: In marketing, the twain can’t seem to meet!

Technology and Wisdom: In marketing, the twain can’t seem to meet!

To say that we are at the very forefront of cutting edge technology would be an understatement. Considering all the spectacular advances we see today in space travel, driverless cars, artificial intelligence, IOT, robotics, digital health, augmented reality, laser guided missiles etc, technology surely has motored along at more than a furious clip. Technology is ubiquitous, omni present, in the face and as they say, ‘ always on ‘.

Wisdom on the other hand is very much under the radar not because it cannot be droned up into the spotlight but there seems to be a tangible scarcity of it around. Most definitely in marketing.

In marketing, technology and wisdom are at two opposite ends of the spectrum. And, unlike magnetic forces, these opposites don’t attract. On the contrary, they repel. Technology is always moving in linear progression. Wisdom, on the other hand, with all the associated ammunition of insights, experience, maturity, just does not. Cannot.

Not all technology is the domain of the young and not all wisdom comes with age. But, as a general rule, tech is the territory of youth, wisdom the territory of maturity. Though there is strong perception that technology equates wisdom, nothing that we see today in the world of marketing or advertising at least backs the argument even remotely. We are in an era of ‘ technology overload ‘ that causes ad frauds(US$16 Billion), intrusion of customer privacy, manipulation of public opinion, colossal wastage etc etc. And there is no wisdom in that.

We seem to have moved on from what the very wise advertising greats of the past including William Bernbach, Howard Gossage etc preached and practiced. With a great degree of success. Without any technology at their disposal.

Technology digs into collective bias. What is called for is a balance of technology with the scaffolding of wisdom, without which, sauce for the goose is not exactly sauce for the gander!

As T.S Eliot said ‘ Where is the wisdom we have lost in all the knowledge? Where is the knowledge that we have lost in all the information? And where is the life that we have lost in living? ”

ENDS

Image: ISD Global

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