Tuesday, July 31, 2007

The top ten collection...

I came across the top ten list of Viral Campaigns as posted by the Time (UK).

The top ten viral ad campaigns

Adverts so good people choose to watch them? Send them to their friends, even? Times Online reports on what makes viral ads infectious

Thursday, July 26, 2007

Marketing Myopia

I just read an article on Green Marketing Myopia, reminded me of an old article that was also referenced in the article - Marketing Myopia by Theodore Levitt (Harvard Business Review, Sep/Oct75, Vol. 53 Issue 5, p26-183, 16p; (AN 3867290))

The classics of innovation discussed by Ted Levitt are timeless. The article elaborates the strategies marketers have applied to avoid marketing myopia - "The Three Cs" -

  • Consumer value positioning

  • Calibration of consumer knowledge

  • Credibility of product claims.

The following nuggets are from the article.

Consumer Value Positioning

  • Design environmental products to perform as well as (or better than) alternatives.
  • Promote and deliver the consumer-desired value of environmental products and target relevant consumer market segments (e.g., target money savings benefits to cost-conscious consumers).
  • Broaden mainstream appeal by bundling (or adding) consumer-desired value into environmental products (such as fixed pricing for subscribers of renewable energy).

Calibrate Consumer Knowledge

  • Educate consumers with marketing messages that connect environmental product attributes with desired consumer value (for example, "pesticide-free produce is healthier"; energy-efficiency saves money" or "solar-power is convenient".)
  • Frame environmental product attributes as "solutions" for consumer needs, for example, "rechargeable batteries offer longer performance." With indoor air quality a growing concern and fumes from paints, carpets, and furniture now linked to headaches, eye, nose, and throat irritation, dizziness, and fatigue, Sherwin Williams offers "Harmony," a line of interior paints that is low-odor, zero-VOC (Volatile Organic Compound) and silica-free.
  • Create engaging and educational Internet sites about environmental products' desired value, e.g., Tide Coldwater's interactive website allows visitors to calculate their likely annual money savings based on their laundry habits, utility source (gas or electricity) and zip code location.

Credibility of Product Claims

  • Make sure that environmental product and consumer claims are specific, meaningful, and qualified. Liken to comparable alternatives or likely usage scenarios. Recognizing the ambiguity of the term green, Toyota dismissed a slogan for Prius, "Drive Green, breathe Blue" in favor of "Less gas in. Less gasses out."
  • Underscore credibility with product endorsements or eco-certifications from trustworthy third parties, and educate consumers about the meaning behind those endorsements and eco-certifications. More than 40 product categories now bear the Energy Star seal.
  • Encourage positive word of mouth via consumers' social and Internet communication networks with compelling, interesting, and/or entertaining information about environmental products. Increasingly, consumers have grown skeptical of commercial messages, and they're turning to friends and peers for advice. The Internet, through e-mail and its vast, accessible repository of information, websites, search engines, blogs, product ratings sites, podcasts, and other digital platforms, has opened significant opportunities for tapping consumers' social and communication networks to diffuse credible "word-of-mouse" (buzz facilitated by the Internet) about green products. The website for Tide's Coldwater Challenge includes a map of the United States so visitors can track and watch their personal influence spread when their friends request a free sample.

Thursday, July 19, 2007

GREEN - A sustainable competitive advantage advantage

Wal-Mart is not the first and most obvious brand that comes to ones mind when one thinks of sustainability or green, BUT over the recent past the buzz around Wal-Mart's efforts have been phenomenal. Clearly the PR agency of choice has done wonders and the coverage has put Wal-Mart above the effort of retailers like Whole Foods.

WMT's efforts on developing and maintaining a sustainable supply chain network is truly noteworthy and a great lesson for the up and coming partners, suppliers and competitors - The Greening of Wal-Mart's Supply Chain.

Some nuggets for the readers.
Implementing New Supply Chain Strategies
1. Identifying Goals, Metrics, and New Technologies
2. Certifying Environmentally Sustainable Products
3. Providing Network Partner Assistance to Suppliers
4. Committing to Larger Volumes of Environmentally Sustainable Products
5. Cutting out the Middleman
6. Consolidating Direct Suppliers
7. Restructuring the Buyer Role
8. Licensing Environmental Innovations

Three Traps to Avoid
1. ncreased costs
2. a sub-optimal product assortment
3. criticism of factory labor conditionsIdentifying Goals, Metrics, and New Technologies

Saturday, July 07, 2007

Me & my love machine

I came across an article in the Times this morning - Me and my love machine obviously I was intrigued... we men and our cars! The article segmented the populous into a few rudimentary buckets... interesting reading.

INSTRUMENTALISTS

Often have names for their cars.

Tolerate failings or idiosyncracies in cars.

Subconsciously believe that cars respond in an emotional rather than a rational way.

Are affectionate about a car’s failings, but can be frightened that they are not in control of the technology.

Tend to prefer cars that cater for different needs at the same time; for example, sporty saloons.

EXPRESSIVES

See cars as a tool to explore their competence.

Drive at high speed when the opportunity presents.

Regard journeys as a test of man and machine.

Prize being able to corner with precision.

Only want the controls that are necessary – but like to customise.

Prefer one type of car for one job: a sports car or a saloon.

Men, women and beautiful wheels Are you having a deep relationship with your car? No? Well, have you named it? And how do you feel about other people touching it?

GENDER DIFFERENCES

Researchers have found that men are less comfortable discussing feelings about people than women, but when it comes to describing feelings about cars, men are more comfortable than women. Psychologists believe this is because men are less conscious of their own bodies than women, which makes their sense of “self” more easily disengaged from their bodies, and projected on to objects. This identification with objects may explain why men often describe their car as an extension of themselves, and why they get angry when others touch their cars. It may also explain why women (who see cars as separate entities) are more likely to give cars names.

WHAT OUR HANDS REVEAL

About 60 per cent of drivers drive with one hand on the wheel. For most men, the other hand was resting on the gear stick. For women, it was more often held in the lap. According to the driving researcher Professor Andrew Blake, driving with one hand is an indication of mastery of the car, that you see it as an extension of yourself.

SEATING ARRANGEMENTS

The researchers found that generally men assume they will sit in the driving seat, unless things are arranged otherwise. Family members always tend to take the same seats. Families spoke of a sense of “strangeness” if a parent sat in the back.

“I think the fact that Mum and Dad always have their backs to the kids gives the children a psychological advantage: more potential for unseen misbehaviour,” said one dad.

Wednesday, July 04, 2007

does it suck?

I surfed into an interesting site this afternoon... Ran a couple searches.