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« You only se e the stars in the dark… » Winston Churchill. Just saying « @#%§ the Crisis » won’t make it go away…!!!. The worse financial crisis in history… Will get worse before it gets better… There’s no denying it Advertising NOT a global panacea
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« You only see the stars in the dark… » Winston Churchill
Just saying « @#%§ the Crisis » won’tmakeit go away…!!! • The worsefinancialcrisis in history… • Willgetworsebeforeitgetsbetter… • There’s no denyingit • Advertising NOT a global panacea • But, there are ways of dealingwithit!
Increasing vs Decreasinginvestments • Maintaining orevenincreasinginvestmentscosts no more,and results in: • Higher S.O.V. • Higher S.O.H. • Higher S.O.M. • This has been proven in previous crises
Increasing vs Decreasinginvestments « Save now, paylater » • Advertisersthatdisinvest in times of crisis have to spendmuch more afterwards • Times of crisis are also times of opportunity • Lots of documented proof
Lots of documented proof* • « Is there a SilverLining to recession? (‘08) » • « AdvertisingduringRecession (‘99) » • « Consumers in the downturn » (‘08) • « Differentapproaches to recession marketing (‘08) » • « Targettingchanging consumer behaviour(‘08) » • Etc… *This intelligence, and more, isavailable to you …
This is the word « Crisis », in Chinese… • opportunity
« Crisis », in Chinese… Opportunity • opportunity Danger
How to turn danger intoopportunity??? • (Cost-cutting is a short-term « non-solution ») • « The goal is not saving money, it’smakingmoney »
Turning danger intoopportunity What are the 3 most important words for marketers, in times of recession?
The 3 most important words: innovate innovate innovate
The World's Top 5 Most Innovative Companies in 2008 • # 1 Google • # 2 Apple • # 3 Facebook • # 4 GE • # 5 Ideo • See more on: http://www.fastcompany.com/magazine/123/the-worlds-most-innovative-companies.html
Back from the brink • Rememberwhen Nike was the onlygame in town, back in the 80’s? • Thingscouldn’tbeworse for adidas…
Well, thingsgotmuchworse… They wereacquired by Bernard Tapie!
Worse? EuropeanCup Winners, 1993: Marseilles 1- Milan AC 0
Adidas alsoneeded to revive its soul…
“IMPOSSIBLE IS NOTHING“ “It’s our legacy, our mission and our challenge” Erich Stamminger, CEO adidas
Innovation • Newproductlines • Newstylists • New agency • New campaign to give direction inside and outside the company.
World Cup 2006 GERMANY
What Apple, adidas, GE and othersshare…. • A passion for innovation! • In times of severedifficulty, theysucceededbrilliantly… • In stormy times, theyweresafeharbours • Theyalwaysask « What if? », and « Why not? »
What Apple, adidas, GE and othersshare…. • Theysucceed in times of crisis by building relationshipsbased on TRUTH TRUST
Lessons to belearned? • So instead of (just) cost-cutting • « What if » there’snever been a better time to stimulatecreativethinking?
Disruption… guaranteed to help yougenerate Innovativeideas!
How Disruption works… A simple 3-step process: VISION DISRUPTION CONVENTION
How Disruption works… CONVENTION • Conventions are the “rules” that define the market limits today. • They are the accepted wisdom of conventional thinking. • Conventions are literally what keep us “in the box”.
How Disruption works… VISION • The Vision is a definition of what the new future for the brand couldbe.
How Disruption works… DISRUPTION • The Disruption is the ideathatwillaccelerateour passage to the Vision, and stimulategrowth.
In a Nutshell Conventional Marketing Disruptive Marketing Fights for incremental share of market Creates exponential share of the future
NOW IS THE TIME! • There isnever a more vital time thannow!