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GAIN THEORY DOWNLOAD 11 & 12TH NOVEMBER 2015 LONDON

GAIN THEORY DOWNLOAD€¦ · inspirational speakers from the media, politics, and astronomy. With over 200 speakers across two days, we’ve collated a brief for you covering eight

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GAIN THEORY DOWNLOAD

11 & 12TH NOVEMBER 2015

LONDON

The Festival of Marketing saw the gathering of the industry’s biggest power players alongside

inspirational speakers from the media, politics, and astronomy. With over 200 speakers across two

days, we’ve collated a brief for you covering eight themes, four big names, and eight brands to

give you the lowdown and help shape your thinking.

LONDON, 11 & 12TH NOVEMBER

Monica Lewinsky

Sir John Hegarty

Lord Alan Sugar

Chris Hadfield

Challenger brands

Global marketing

Technology & creativity

Omni-channel customer experience

Innovation Insights & effectiveness

Customer-centricity

User generated content

8 THEMES

8 BRANDS

4 BIG NAMES

2

1 CHALLENGER BRANDS

3

Billed as a mobile-first challenger bank whose mission is to be the Uber of

online banking, Atom Bank won its banking license this summer to operate

in the UK. But what’s different? Unlike traditional banks – and even some

challengers – Atom Bank won’t have any branches or even a website

initially, operating purely though a mobile app.

Anthony Thompson took to the stage to talk about what it takes to

start a bank.

CHALLENGER BRANDS:

‘HOW TO START A BANK’, ATOM BANK

4

> Anthony thinks that high street banks

are ‘dinosaurs’ – the fact that they exist now

doesn’t mean they will exist in future.

> There has been a change in trust, in

economic conditions, in the types of companies

that win (Airbnb, Uber)… banking also needs to

change.

> In Metro banks, branch staff are not incentivised

through sales; they are incentivised through

satisfaction scores.

> Mobile banking is not remote banking – having

to go to the high street is remote; a bank in your

pocket is convenience.

> Cyber threat: the amount of time banks

can spend on security will never match the

amount of time hackers spend trying to

break in.

KEY TAKE-AWAYS

Culture eats strategy for breakfast –

strategy changes, but with the right team and culture,

you can do anything

““

Anthony Thompson, Founder & Chairman Atom Bank

2 INNOVATION

5

6

> Tech companies drive most inventions

and transformation, followed by

educational institutions. No big innovation

comes from large corporations.

> Why are big companies slower to innovate?

It’s an evolution rather than a more complete

need to change, rather like cosmetic surgery vs.

gender re-assignment.

> You need to distinguish what kind of change you’re

looking to bring about – core vs. future.

> Top companies that successfully bring about

change bring in outsiders as CEOs – from a

different sector/background – to look at the

bigger picture, such as Jill McDonald, who

went to work at Halfords from McDonalds.

KEY TAKE-AWAYS

INNOVATION:

‘HOW THE 1% INVENT’, HACKMASTERS

Innovation isn’t evolution or cosmetic surgery; it’s gender re-assignment

Hackmasters say they were founded on the premise that technology-

enabled and exponential transformational growth almost never

comes from within existing systems and structures. Therefore, their

purpose is to provide anyone seeking radical and future innovation

with the ability and the opportunity to experiment and build it outside

the constraints of their current organisations.

7INNOVATION:

‘TECH OFF: THE BATTLE FOR THE FUTURE’, FEATURING BMI BRITISH MIDLAND AND BBC

This session was all about how to deal with digital disruption and how to get the

innovation mind-set engrained into organisations. The concept was simple; three

speakers had five minutes each to pitch an idea

on the theme of innovation to the group. We

then voted on our favourite at the end.

The speakers were David Bailey, Creative

Director from the BBC, Colin Lewis,

Director of Marketing at bmi British

Midland, and Scott Morrison, founder

of The Boom!

The winner was Colin Lewis, who gave

a compelling pitch on how innovation is

undetected plagiarism; everyone copies – in

fact, some of the best stuff is copied, just made

a little better. His key phrase was ‘Imitate, assimilate, innovate’.

3

8

GLOBAL MARKETING

9

> Talent – Companies need to be more

open to hiring (e.g., no degree; diversity).

There are different challenges by area; e.g.,

APAC is behind in digital and ecommerce.

> Brand purpose – It needs to be a part of the

brand, not an obvious add-on that’s just there for

PR. Unilever is the only big one that stands out as

doing this well.

> Data & analytics – One panellist noted the

rising importance of this on a global scale.

KEY TAKE-AWAYS

GLOBAL MARKETING:

MARKETING SOCIETY PANEL: THE WHOLE WIDE WORLD & BEYOND

SNEAK PEAK

We spoke with our contact

at the Marketing Society, who

told us that the results are being

written up by Bloomberg and will be

available in January at the latest.

The Marketing Society hosted an illustrious group

of marketers to discuss the findings of their latest

‘24-Hour Global Conversation’. In a single day, they

crossed five continents, several time zones, and countless different cultures to

ask the world’s leading marketers one question:

On the panel were Hiscox, MOBO, and IBM.

‘What are the greatest opportunities and challenges for your business in 2016 and how are you going to take it beyond business as usual?’

4

10

MARKETING EFFECTIVENESS

11

> Re: in-house marketing effectiveness

team skillsets – two types of people are

needed, those with deep expertise and

people who can take a step back and are

connected across the organisation to know

how to use it.

> Nick said that, at 02, they look more for the

latter to ensure stakeholder engagement and

application of insights.

> His recent work includes customer journey

work: talking to internal stakeholders about what

the key milestones are for customers and mapping

out expectations vs. the reality of CSAT (customer

satisfaction score) at each. During the process,

he asks what the opportunities are and how you

can make changes.

> Identifying lead indicators of CSAT,

e.g., network usage/speed.

KEY TAKE-AWAYS

MARKETING EFFECTIVENESS:

‘HOW INSIGHTS CAN DRIVE EFFECTIVENESS’, TELEFONICA UK’S O2

Nick Milne, who heads up Marketing Effectiveness for Telefonica UK’s

O2, has delivered some major successes for the telecom giant over his

tenure.

His key wins include identifying and designing key customer journeys,

creating a companywide focus on decreasing satisfaction, and

changing how customer experience insights are taken back to the

business and acted upon.

His role sees him lead the charge to tie up targets, plans, and

evaluations to deliver the ‘so what’ behind marketing performance with

a small but growing in-house team.

5

12

INSIGHTS & EFFECTIVENESS

13

> For a global business, it’s important to

know how customer ambitions change around

the world.

> When it comes to communicating the

results of data analysis to the business, storytelling

is important.

> Data is the lifeblood and access to it and

the ability to analyse it are critical.

Slow insight = no insight.

KEY TAKE-AWAYS

INSIGHTS & EFFECTIVENESS:

WHO OWNS - AND SHOULD OWN - INSIGHT?, HSBC

In this session, insight was explored, breaking down interdepartmental

barriers around it and using it to place the customer at the centre of

the organisation.

6

14

BIG NAMES

15

> We’ve let technology distract us from

creativity, and as a result, the quality of work

has dropped.

> Technology is inaccessible to creatives; they

tend to see it only as a threat because they don’t

understand it.

> In reality, it brings opportunities to personalise

creative executions.

KEY TAKE-AWAYS

BIG NAMES:

‘A LESSON IN MARKETING’, SIR JOHN HEGARTY

Sir John Hegarty is one of the world’s most awarded and respected admen.

Over six decades, he has been at the forefront of the creative advertising

industry from the early days of Saatchi and Saatchi to Bartle Bogle

Hegarty, the global company he runs today.

Technology

accelerates

creativity

“Sir John Hegarty

16

> We need to build a culture of empathy

and compassion.

> Media owners offer clickbait stories based

on the humiliation of others. By clicking on

these stories, we are providing traffic that

results in ad spend for the media owners.

> We need to realise that this has real-life

implications for the person the story is about, and

there have been instances of suicide because of

public humiliation.

> This is more dangerous now with social media,

where parents do not know that their teenagers

are being subjected to cyber bullying and

therefore cannot provide the support needed.

It is all of our responsibility to ensure we

click (/don’t click) with empathy.

KEY TAKE-AWAYS

BIG NAMES:

‘PATIENT ZERO’, MONICA LEWINSKY

Monica Lewinsky is a social activist in the battle against online harassment –

advocating for a safer social media environment. As a public speaker, writer,

and contributor to Vanity Fair, she addresses such topics as survival, resilience,

digital reputation, and equality. In her famous TED talk titled ‘The Price of

Shame’, she says, ‘Public shaming as a blood sport has to stop‘.

17

> Focusing on your clients and their needs

and requirements is the most important thing.

KEY TAKE-AWAY

BIG NAMES:

LORD ALAN SUGAR

As well as being the face of the BBC’s The Apprentice, Sir Alan is also the

chairman of out of digital home company Amscreen. This session felt like Sir

Alan finally said, ‘You’re fired’ to the advertising community, claiming that

he had never hired a CMO and that a lot of marketing was wasted money.

However, a lively conversation arranged by Marketing Week magazine

titled ‘When Sugar Met Sorrell’ between Sir Alan Sugar and WPP’s Sir

Martin Sorrell revealed a lot more, especially around his frustration with the

advertising model for the outdoor industry, labelling it a ‘closed shop’.

Apple and Steve Jobs flipping the screen, that was entrepreneurial genius, not some marketing tosser telling him what to do. You need the product first of all

“ Sir Alan Sugar

18

“ Asking yourself ‘What’s the next thing that’s

going to kill us?’ really helps you to forget all the

unimportant things that can distract you in the

moment of decision making “

“ Ask yourself ‘If everything was to go perfectly,

what does next week / month / year / 10 years look like?

What are the steps you need to get there?” AND what

are the things likely to go wrong “

“ Early failure is important, early success

gives you bad habits. “

THREE OF THE BEST WERE:

BIG NAMES:

CHRIS HADFIELD, FORMER ASTRONAUT & ISS COMMANDER

Colonel Hadfield has become a worldwide sensation, harnessing the power

of social media to make outer space accessible to millions and infusing a

sense of wonder into our collective consciousness not felt since humanity

first walked on the moon. Called ‘the most famous astronaut since Neil

Armstrong‘, Colonel Hadfield continues to bring the marvels of science and

space travel to everyone he encounters.

His speech was fascinating and littered with choice quotes.

7

19

CUSTOMER CENTRICITY

20

> Customers are bombarded with info, so

trying to be at every touchpoint isn’t enough.

> Brands must stand for more than that and

give the customers the ‘why’ – essentially leadership

but for brands.

KEY TAKE-AWAYS

CUSTOMER CENTRICITY:

‘HOW BRANDS STAY RELEVANT FOR CUSTOMERS IN AN ERA OF DIGITAL TRANSFORMATION’, TELEFONICA UK’S O2

Marketing is at the core of generating growth. Creating demand to drive growth“ “

Nina Bibby, Telefonika UK’s O2 Marketing & Consumer Director

8

21

OMINI-CHANNEL CUSTOMER EXPERIENCE

22

> Personalisation is something that banks

are doing well and that other industries can

learn from, e.g. the use of beacons to know

what people do and want in-store.

> Video banking, specifically from an omni-

channel perspective, means that people can use

digital anywhere and still be face to face.

KEY TAKE-AWAYS

OMINICHANNEL CUSTOMER EXPERIENCE:

‘WHAT FINANCIAL SERVICES CAN TEACH US AROUND OMNI-CHANNEL CUSTOMER EXPERIENCES’, RBS AND BARCLAYS

In a panel, Chris Popple (MD Digitisation at RBS) and Elliot Antrobus-

Holder (Group Digital Director Barclays) explored the topic of omni-

channel servicing, adopting a holistic view of the customer experience

and personalisation.

Banking mentality is to wait for customers to

come to them. Digital allows banks to be more proactive,

but it’s really hard to change the mind-set internally.“

9

23

USER-GENERATED CONTENT

24

> People buy why you do it, not what

you do.

> We think much less than we think we think.

> It’s not creating a hashtag campaign; think

of the hashtag first and build the campaign

around it.

Why are we here? What gets

you up in the morning after a

hangover? Reinvent the rules

to make mobile better – when

stuff sucks, make it right.

KEY TAKE-AWAYS

USER GENERATED CONTENT:

‘EMBRACING USER-GENERATED CONTENT’, THREE UK

Three UK was the first brand to use a hashtag in a TV advert in the UK. They

can also lay claim to creating a top-10 YouTube Christmas video, which

launched in March. The Pony Generator saw 1.5m ponies created and 11m

views – just one example of Three UK using content to propel

their brand forward.

Tom Malleschitz came across as a big advocate of user-

generated content and content that makes us ‘feel’.

In partnership with Brainjuicer, Three UK videos were

shown to an audience who were measured for signs of

emotion. For Three UK, any emotion is good, with anger

far better than beige neutrality. The success of the Pony

Generator, alongside other campaigns like ‘When things

suck, make it right’, shows that Three UK have a handle on our feelings. It is

this strategy that makes them the fastest-growing UK mobile brand.

People forget what you said and did but never

how you made them feel“ “ Tom Malleschitz, Three UK CMO

QUESTIONS? Email us on

[email protected]