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THE WORLD IS MORE DATA-RICH. BUSINESSES EXPECT TO MAKE DATA-INFORMED DECISIONS. THIS SHOULD BE A WAKE-UP CALL TO STRATEGISTS.
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ONCE UPON A TIME…
"The account planner is that member of the agency's team who is the expert at working with information and getting it used - not just marketing research but all the information available to help solve the client's advertising problems.”
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— Name, 2005
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“Numerate graduates with an interest in human psychology.”
— Boase Massimi Pollitt recruitment ad, 1972
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SO WHERE WERE WE WHEN BUSINESS WENT FULL-ON DATA?
“You told us that market and technology factors are the two most powerful external forces affecting your organization today. The four biggest challenges you identified were the explosion of data, social media, the proliferation of channels and devices, shifting demographics.” Source: IBM CMO survey, 2011
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— Name, 2005
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“Separating the poets from the quants will be a disaster for strategic planning in particular, allowing some planners to exempt themselves from the data they can't be bothered to investigate, and allowing other people to think that they are a strategist though they haven't a brand strategy or creative bone in their body.” — Richard Huntingdon, Saatchi & Saatchi, 2012
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— Name, 2005
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“Data doesn’t narrow your choices. It opens your mind.”
— Venetia Taylor, Google, June 2015
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STRATEGISTS’ USE OF DATA NEEDS TO SHIFT AWAY FROM OPTIMIZING AT THE END TO INSPIRING AT THE BEGINNING.
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DATA IS JUST EVIDENCE OF HUMAN BEHAVIOR. THE MATH IS PRETTY BASIC. THIS SHOULD BE A HOME GAME FOR GOOD STRATEGISTS.
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85%
WISH THEY LEARNED TO PLAY AN INSTRUMENT
34%
TOOK A MUSIC CLASS
8%
REGULARLY PLAY AN INSTRUMENT
Source: Gallup 2009, Statista 2008, US census 2009, New York Times 2012
1%
PLAY WEEKLY
WORKING OUT THE ARITHMETIC BEHIND LEARNING MUSIC
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MUSIC PRODIGY IF THE CHALLENGE IS THAT PEOPLE STOP LEARNING, WHY NOT CHARGE THEM FOR STOPPING?
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SKATERS SPEND 40% OF THEIR SKATING TIME REPAIRING THEIR BOARDS
Source: Mountain Dew Jay Chiat awards paper, 2015
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95% OF ATTEMPTS TO QUIT SMOKING END IN FAILURE
HALF OF ALL ATTEMPTS TO QUIT SMOKING BEGIN SPONTANEOUSLY
Source: GSK; University College Hospital
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MORE THAN 90% OF BRITISH PEOPLE BELIEVE THAT CHILDREN SHOULD DRINK MORE MILK
MILK DRINKING AMONG BRITISH CHILDREN HAS FALLEN EVERY YEAR SINCE THE 1950s
Source: The Dairy Council, IPA Effectiveness Awards, 2002
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MANAGING VOLATILITY
50%
Of US adults could not cover an emergency $400 outlay without borrowing money or selling something
THE SCALE OF THE PROBLEM
$103BN
Revenue of the ‘alternative’ financial service industry: check cashing, pawn shops, payday loans
BORROWING COSTS
$1,100
Low income households’ typical annual outlay on alternative financial services
UNDERSTANDING THE POVERTY TRAP
Source: US Federal Reserve, Ideas 42
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WHAT’S HAPPENING TO AXE BRAND USAGE ?
11-18 PENETRATION IS HOLDING STEADY
Year 1 Year 2 Year 3 Year 4
Axe user penetration, age 11-18
Source: Axe APG paper via BBH London
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WHAT’S REALLY HAPPENING TO AXE BRAND USAGE ?
11-18 PENETRATION IS HOLDING STEADY 11-12 PENETRATION IS RISING 17-18 PENETRATION IS FALLING 11 to 12 13 to 14 15 to 16 17 to 18
Axe user penetration, age 11-18
Source: Axe APG paper via BBH London
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RISING TREND
OMBRE DIP DYE
FOLLOWUP SEARCH
HOW CAN I DO OMBRE HAIR MYSELF?
THE RESULT
OMBRE APPLICATOR KIT
HOW WOMEN REALLY THINK ABOUT HAIR
Source: https://www.thinkwithgoogle.com/case-studies/loreal-paris-builds-brand-love-with-search.html
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THE CATEGORY
ORGANIZED BY NEED
Dry hair Flyaway hair Red hair
THE CONSUMER
SEARCHED BY OCCASION
Date hair Beach hair Wedding hair
THE RESULT
HAIRSTYLE.COM
L’Oreal site Inspiration and education by occasion
HOW WOMEN REALLY THINK ABOUT HAIR
Source: https://www.thinkwithgoogle.com/case-studies/loreal-paris-builds-brand-love-with-search.html
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SEARCH TREND FOR ROSE WINE: THE ULTIMATE SUMMER DRINK HAS A WINTER PEAK
Source: Google Trends, worldwide, 2009-14 / thanks to Think With Google
VISUAL CULTURE IS EXPLODING, BUT BEYOND THE WALLS OF MUSEUMS
Source: NEA’s A Decade of Arts Engagement: Findings from the Survey of Public Participation in the Arts, 2002-2012; National Center for Education Statistics Data from 1970 - 2011
US adults attending art museums / galleries
2002, 2008, 2012
27%
21%
+104%
+209%
Growth in all Bachelors Degrees
Growth in Visual and Performing
Arts Degrees
420m users 206m registered blogs 120k signups per day 900 posts per second
Fastest growing social app in 2014
300m users 100% growth in adults users 2012 – 14
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THE HIGHEST-RATED TV SHOWS ON ROTTEN TOMATOES
Source: Rotten Tomatoes
2012
2013 2014
Sherlock Homeland Game of Thrones Mad Men Girls Justified Don’t Trust The B… Luck The Walking Dead New Girl
Breaking Bad Game Of Thrones The Returned Mad Men Girls Orange Is The New Black The Walking Dead Nashville Masters of Sex The Americans
Jane The Virgin The Good Wife Hannibal Veep Fargo Transparent Orphan Black The Americans The Walking Dead Orange Is The New Black
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RECURRING THEMES
The old order is falling: The Americans, GoT, The Walking Dead, Veep, Mad Men, Orphan Black Exploring sexuality: Masters Of Sex, Girls, Transparent, Jane The Virgin Strong women: Orange Is The New Black, The Good Wife, Veep, GoT, Mad Men, Orphan Black Epic productions: Luck, Game Of Thrones, Sherlock Serials: Breaking Bad, The Good Wife, Mad Men, Game Of Thrones, The Americans Sequels: 60% of top-rated shows are sequels Source: Co:Collective analysis
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PANEL DATA ACROSS CATEGORIES, COUNTRIES AND YEARS TELLS US THAT BRANDS GROW THROUGH PENETRATION, NOT LOYALTY
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LOYALTY RATES ARE SIMILAR FOR SIMILAR-SIZED BRANDS
Source: MRI, 2012
Restaurant Visited in last 6 months (MM)
Visited in last 1 month (MM)
% of visitors who are regulars
Olive Garden 41 25 61
Red Lobster 29 18 62
Chili’s 27 17 63
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ENGAGEMENT RATES FOR PASSION BRANDS: HARLEY, TIFFANY, NIKE
0.66%
ENGAGEMENT RATES FOR ALL BRANDS ON FACEBOOK
0.45%
ENGAGEMENT RATES FOR THE TOP 10 BRANDS ON FACEBOOK
0.33%
FANS ARE FEW IN NUMBER AND LESS ENGAGED THAN YOU THINK: GROWTH COMES FROM MANY LIGHT BUYERS; ACQUAINTANCES, NOT FANS
Source: Facebook engagement rates reported in Ad Age, 27 January 2012
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THAT’S WHY BRANDS TEND TO GROW ON THE BACK OF PENETRATION, NOT LOYALTY
Source: IPA Effectiveness Awards case studies, quoted in Les Binet & Peter Field, Marketing In The Era Of Accountability
% of effective ad campaigns reporting very large effects on
Loyalty campaigns Penetration campaigns
Sales 35 62
Market share 15 35
Profit 18 31
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PANIC! ONLY ONE IN EIGHT OUR CUSTOMERS IS A PRIMARY SHOPPER!
Source: Bain & Co survey of west coast grocery shoppers, 2013
Store Client
% of customers who are primary shoppers
12
% of customers who are secondary shoppers
88
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ACTUALLY, EVEN THE BIGGEST SUPERMARKETS DEPEND ON SECONDARY SHOPPERS: WHAT IF IT’S A SIGNAL OF A MORE REPERTOIRE WORLD?
Source: Bain & Co survey of west coast grocery shoppers, 2013
Store Client Fresh & Easy
Costco Aldi Trader Joe’s
Wal-Mart Supercenter
Von’s Ralph’s Safeway
% of customers who are primary shoppers
12 15 17 18 19 27 28 32 33
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OH SHOOT! PRICE OR QUALITY DON’T PREDICT THE BEST-LOVED BRANDS: NET PROMOTER SCORE OF KEY GROCERY RETAILERS
Source: Bain & Co survey of west coast grocery shoppers, 2013
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ACTUALLY, THE DATA SHOWS HOW PEOPLE LIKE THE BRANDS THAT ARE DIFFERENT
Source: Co:Collective analysis of Bain & Co survey of west coast grocery shoppers, 2013
Store Costco Trader Joe’s WinCo Wholefoods
Net promoter score
72 71 53 40
Distinctive features
Members only Bulk sales only One-off megadeals on nonfood items
Private label Limited SKUs ‘Treasure hunt’
Employee-owned Open 24/7 No credit cards Bag your own groceries
Premium price Organic Gourmet meets health food
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TINDER AVAILABLE MARKET 51% OF US ADULTS ARE SINGLE
TINDER USERS 50MM USERS 12MM DAILY
TINDER USAGE 1 BN SWIPES 12MM MATCHES 77 MINUTES EVERY DAY
TINDER NUMBERS
Source: BBH New York, CityLab
2015 REVENUE TARGET $75 MILLION
ADVERTISING REVENUE $22.5 MILLION
SUBSCRIPTION $10/MO FOR THE PREMIUM PRODUCT Tinder Plus Unlimited swipes Undo mistaken swipes Passport feature allows you to search people from outside your area
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Q1. WHAT INSIGHTS AND ASSUMPTIONS CAN WE MAKE ABOUT TINDER? Q2. HOW SHOULD TINDER THINK ABOUT HITTING ITS $75MM REVENUE TARGET?
SO HOW WOULD YOU USE THIS DATA, AND WHAT YOU’VE LEARNED HERE, TO ANSWER TWO BASIC QUESTIONS?