how win in an age of digital disruption
TRANSCRIPT
Winning in an age of digital disruptionTaru Jain | CEO & Founder
Helping you become future-ready
Over 15000 executives in 35+ countries have chosen us… *
* The above represents a small selection of clients
Digital disruption: What can history of technology adoption teach us?Let’s do a little exercise...
Technology adoption forces businesses to change fast
TIMETOREACH1BILLIONPEOPLE
467years Telephone
114years
Web
13years
Web2.0
4years
TV
48years
Cinema
81years Radio
53years
??
Xyears
A recent PWC survey of 1,379 CEOs across the globe revealed…
§ 86% believed that technology will completely
transform their business over the next 5 years –
more than any other global trend
B2B customers expect B2C functionalities
Disruption gives us chance to think afresh of how to Go-to-Market
New or existing buyers?
New or existing products?
Key frameworks like 4Ps have changed
Product Place
Promotion Price
4Ps
Key frameworks like 4Ps have changed
Service (not Product) Access (not Place)
Engagement (not Promote)
Variable price (not fixed Price)
SAVEBy
Think Service (not just Product)
§ Provide digitally delivered services wrapped around your
products that:• Increases value proposition for your brand
• Personalise the brand
Monsanto moves beyond seed sales§ Helps farmers with optimum farming intel – when to
plant, what fertilizer…
§ Mapped nearly 30 million farming fields
§ Overlaid soil, temperature and water data
§ Adds real-time weather data
§ Added 5% yield to farmers
§ Maize yield up from 160 bushels an acre to 200
bushels – really good for margin
Personalise: Each customer receives their unique videoHelps them, helps you
Key frameworks like 4Ps have changed
Service (not Product) Access (not Place)
Engagement (not Promote)
Variable price (not fixed Price)
SAVEBy
Access (not just Placement)
§ Now you can let consumers access your brand where – and when - it suits them; not just expect them to come to where you want
Access in unexpected places – Tesco
SingPost has reimagined ‘access’ for parcel delivery through POPstations
IBM: Distribution strategy
§ Chose 7 Cloud Computing reps
§ Set up with social profiles (LinkedIn, Fb, Twitter and YT)
§ Reps created short videos of their expertise
§ Reps would upload (created or curated) content from marketing that fit
audience and product
§ Lead generation – People could meet sales reps through multiple ways
Access (not just Placement)
§ Now you can let consumers access your brand where – and when - it suits them; not just expect them to come to where you want
• Tesco Korea• SingPost POPStations• IBM – in a B2B context
Key frameworks like 4Ps have changed
Service (not Product) Access (not Place)
Engagement (not Promote)
Variable price (not fixed Price)
SAVEBy
Variable, not fixed pricing
§Dynamic pricing – volume, time of day
§ Innovative pricing plans• Subscription• Crowd purchased
§ Social currency models
Subscribe and shave – Dollar Shave Club
Crowdsourcing to buy expensive items
Social media standing determines pricing
Key frameworks like 4Ps have changed
Service (not Product) Access (not Place)
Engagement (not Promote)
Variable price (not fixed Price)
SAVEBy
Engage (don’t Promote)Engage people and use their help to shape the brand
§ Involve them meaningfully§ Work in partnership with them to increase the value proposition
§ Marketing with, not at consumers
Meaningfully engaging the expert community: Innocentive
On-demand innovation company that solves
R&D challenges
300,000 strong network of ‘solvers’ - from Australia to Alaska
Companies like P&G, Eli Lilly, Solvay use it Solves 1 out of 3 challenges that
companies cannot solve in-house
Here are some ideas submitted My Starbucks platform…
Source:UniversityofWaterlooblog
Giff Gaff is the fastest growing telco operator in UK§ Acquires an average of 400,000
members each year
§ In 2015, grew revenues by 51% to almost
£210m
§ Overall, the third largest player in the
virtual telco space – closely matching
Virgin Mobile and Tesco’s existing
customer base
Source:TheTelegraph
Key frameworks like 4Ps have changed
Service (not Product) Access (not Place)
Engagement (not Promote)
Variable price (not fixed Price)
SAVEBy
The most holistic way to engage customers is to understand this model…
Moment of Truth Model (old model)
Revised Moment of Truth Model
Let’s zoom in on Stimulus first:
Your goal? Maximize two factors
How to maximise ROI for digital reach? Precision targeting
Targeting: Rich combinations
Reaching people across ecosystems…–Email addresses
–Phone numbers
–Digital footprints on your website...
§ Bring that other world together with their social world
Now, let’s look at how to maximise Engagement:
Many emerging opportunities
Canvas - videos, carousels, product buy-buttons
New innovations: Lead ads
If we zoom in on ZMOT:
Exercise§ Form groups of 2 to 3
§ One person in group: use your Google account to log into
google.com/trends
National Instruments – B2B service for engineers§ A 1 billion dollar company; makes testing and prototyping
solutions for engineers and scientists
§ Over 30,000 customers in 91 countries
§ Have a highly engaged community of business customers
National Instruments embeds community deeply
National Instruments – B2B service for engineers
$$$ - An engaged community buys more, recommends more
3 Key Mindsets to become future-ready for a digital age
3 key mindsets of becoming future-ready
1. ‘10 is most important’2. Think MVP design3. ROL small snowballs
1. The 10 is most important
2. Think MVP design
3. ROL small snowballs
S.P.A.R.C.S – our guide to digital transformation
bit.ly/FM-SPARCS
Summary
Summary10 is most important
Think MVP design
ROL small snowballs
Winning in an age of digital disruption
Taru Jain | CEO & Founder
Please connect with me on LinkedIn