how win in an age of digital disruption

57
Winning in an age of digital disruption Taru Jain | CEO & Founder Helping you become future-ready

Upload: futuremarketers

Post on 13-Apr-2017

464 views

Category:

Marketing


1 download

TRANSCRIPT

Page 1: How Win In An Age Of Digital Disruption

Winning in an age of digital disruptionTaru Jain | CEO & Founder

Helping you become future-ready

Page 2: How Win In An Age Of Digital Disruption

Over 15000 executives in 35+ countries have chosen us… *

* The above represents a small selection of clients

Page 3: How Win In An Age Of Digital Disruption

Digital disruption: What can history of technology adoption teach us?Let’s do a little exercise...

Page 4: How Win In An Age Of Digital Disruption

Technology adoption forces businesses to change fast

TIMETOREACH1BILLIONPEOPLE

Print

467years Telephone

114years

Web

13years

Web2.0

4years

TV

48years

Cinema

81years Radio

53years

??

Xyears

Page 5: How Win In An Age Of Digital Disruption

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

Page 6: How Win In An Age Of Digital Disruption

B2B customers expect B2C functionalities

Page 7: How Win In An Age Of Digital Disruption

Disruption gives us chance to think afresh of how to Go-to-Market

New or existing buyers?

New or existing products?

Page 8: How Win In An Age Of Digital Disruption

Key frameworks like 4Ps have changed

Product Place

Promotion Price

4Ps

Page 9: How Win In An Age Of Digital Disruption

Key frameworks like 4Ps have changed

Service (not Product) Access (not Place)

Engagement (not Promote)

Variable price (not fixed Price)

SAVEBy

Page 10: How Win In An Age Of Digital Disruption

Think Service (not just Product)

§ Provide digitally delivered services wrapped around your

products that:• Increases value proposition for your brand

• Personalise the brand

Page 11: How Win In An Age Of Digital Disruption

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

Page 12: How Win In An Age Of Digital Disruption

Personalise: Each customer receives their unique videoHelps them, helps you

Page 13: How Win In An Age Of Digital Disruption

Key frameworks like 4Ps have changed

Service (not Product) Access (not Place)

Engagement (not Promote)

Variable price (not fixed Price)

SAVEBy

Page 14: How Win In An Age Of Digital Disruption

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

Page 15: How Win In An Age Of Digital Disruption

Access in unexpected places – Tesco

Page 16: How Win In An Age Of Digital Disruption

SingPost has reimagined ‘access’ for parcel delivery through POPstations

Page 17: How Win In An Age Of Digital Disruption

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

Page 18: How Win In An Age Of Digital Disruption

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

Page 19: How Win In An Age Of Digital Disruption

Key frameworks like 4Ps have changed

Service (not Product) Access (not Place)

Engagement (not Promote)

Variable price (not fixed Price)

SAVEBy

Page 20: How Win In An Age Of Digital Disruption

Variable, not fixed pricing

§Dynamic pricing – volume, time of day

§ Innovative pricing plans• Subscription• Crowd purchased

§ Social currency models

Page 21: How Win In An Age Of Digital Disruption

Subscribe and shave – Dollar Shave Club

Page 22: How Win In An Age Of Digital Disruption

Crowdsourcing to buy expensive items

Page 23: How Win In An Age Of Digital Disruption

Social media standing determines pricing

Page 24: How Win In An Age Of Digital Disruption

Key frameworks like 4Ps have changed

Service (not Product) Access (not Place)

Engagement (not Promote)

Variable price (not fixed Price)

SAVEBy

Page 25: How Win In An Age Of Digital Disruption

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

Page 26: How Win In An Age Of Digital Disruption

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

Page 27: How Win In An Age Of Digital Disruption

Here are some ideas submitted My Starbucks platform…

Source:UniversityofWaterlooblog

Page 28: How Win In An Age Of Digital Disruption

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

Page 29: How Win In An Age Of Digital Disruption

Key frameworks like 4Ps have changed

Service (not Product) Access (not Place)

Engagement (not Promote)

Variable price (not fixed Price)

SAVEBy

Page 30: How Win In An Age Of Digital Disruption

The most holistic way to engage customers is to understand this model…

Page 31: How Win In An Age Of Digital Disruption

Moment of Truth Model (old model)

Page 32: How Win In An Age Of Digital Disruption

Revised Moment of Truth Model

Page 33: How Win In An Age Of Digital Disruption

Let’s zoom in on Stimulus first:

Page 34: How Win In An Age Of Digital Disruption

Your goal? Maximize two factors

Page 35: How Win In An Age Of Digital Disruption

How to maximise ROI for digital reach? Precision targeting

Page 36: How Win In An Age Of Digital Disruption

Targeting: Rich combinations

Page 37: How Win In An Age Of Digital Disruption

Reaching people across ecosystems…–Email addresses

–Phone numbers

–Digital footprints on your website...

§ Bring that other world together with their social world

Page 38: How Win In An Age Of Digital Disruption

Now, let’s look at how to maximise Engagement:

Page 39: How Win In An Age Of Digital Disruption

Many emerging opportunities

Page 40: How Win In An Age Of Digital Disruption

Canvas - videos, carousels, product buy-buttons

Page 41: How Win In An Age Of Digital Disruption

New innovations: Lead ads

Page 42: How Win In An Age Of Digital Disruption

If we zoom in on ZMOT:

Page 43: How Win In An Age Of Digital Disruption

Exercise§ Form groups of 2 to 3

§ One person in group: use your Google account to log into

google.com/trends

Page 44: How Win In An Age Of Digital Disruption
Page 45: How Win In An Age Of Digital Disruption

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

Page 46: How Win In An Age Of Digital Disruption

National Instruments embeds community deeply

Page 47: How Win In An Age Of Digital Disruption

National Instruments – B2B service for engineers

Page 48: How Win In An Age Of Digital Disruption

$$$ - An engaged community buys more, recommends more

Page 49: How Win In An Age Of Digital Disruption

3 Key Mindsets to become future-ready for a digital age

Page 50: How Win In An Age Of Digital Disruption

3 key mindsets of becoming future-ready

1. ‘10 is most important’2. Think MVP design3. ROL small snowballs

Page 51: How Win In An Age Of Digital Disruption

1. The 10 is most important

Page 52: How Win In An Age Of Digital Disruption

2. Think MVP design

Page 53: How Win In An Age Of Digital Disruption

3. ROL small snowballs

Page 54: How Win In An Age Of Digital Disruption

S.P.A.R.C.S – our guide to digital transformation

bit.ly/FM-SPARCS

Page 55: How Win In An Age Of Digital Disruption

Summary

Page 56: How Win In An Age Of Digital Disruption

Summary10 is most important

Think MVP design

ROL small snowballs

Page 57: How Win In An Age Of Digital Disruption

Winning in an age of digital disruption

Taru Jain | CEO & Founder

Please connect with me on LinkedIn