Ideas
BHPI3 Co-Chair
April 5, 2011: RIP Information Age 3.0
There is expression, "the Stone Age didn't end because they ran out of stones."
The modern era corollary is, "the Information Age isn't going to end because we run out of information."
In fact, the opposite is true. The Information Age in its current form (IA 3.0) is ending because there is too much information. We are drowning in a Sargasso sea of useless information—water, water everywhere and not a drop to drink.
In February, Google altered its ranking algorithm to combat content farms—websites with large amounts of low quality content. It did so because people are fed up with wading through search results full of bad, useless stuff.
People are desperate for information, but good information—for that one metaphorical drink of something useful.
This dynamic has profound implications all around.
First, with so much bad information across the web, we are increasingly turning to people we trust for information and insights. As a result there is now a proliferation of social media tools that give us access to what our networks are saying, buying, doing and saying.
Second, really good content is now king. Providing relevant, useful information, in a form that is accessible, is essential to success. Great content can readily make you a valued, trusted resource.
In contrast, bad content isn't worth the effort. Increasingly it turns people off.
There is a real risk in this for even some of the biggest names. While Facebook appears to have reached the point of saturation where it can't fail, experts said that same thing not that long ago about AOL. More and more we hear trendsetter types expressing dissatisfaction with Facebook. The ultimate paradox: there is even an "I Hate Facebook" Facebook page. Is this the end of the Facebook? Probably not, however it does open the field up more than many might think.
Third, media, public relations and advertising campaigns that are activated at the individual level, tapping into existing networks and communities of interests, have the ability to be extremely impactful. It is one thing when an ad says something; it is another thing when people start saying the same thing. The key then is to engage people.
Coming full circle, engaging people requires you to offer something real and of value.
Jan. 3, 2011: Tight Fit
Corporate social responsibility programs and cause-related-marketing are very much in vogue these days. However, what many don’t know is that a poorly conceived “do good” program can do more harm than good to your company.
Generally speaking, social responsibility and cause-related-marketing efforts are good for business on numerous levels. A 2010 survey found that, despite the economic crisis, 75 percent of people say that a company’s socially responsible acts and values are important; 55 percent are more likely to choose a product or service based on a company’s commitment to a cause or causes; 75 percent who read about a company’s social responsibility efforts on its website say they are more likely purchase goods or services from that company; and 59 percent plan on spending more on socially responsible companies in the coming year. Additionally, studies show that socially responsible companies have higher levels of employee satisfaction and loyalty. Even in this economy, over a third of workers would even take a pay cut to work for a socially responsible firm.
However, studies show that, while consumers are willing to reward companies for their good efforts, they are equally willing to punish brands for ill-conceived social responsibility programs. Consumers will see through programs that aren’t believable or don’t fit with what a company is about.
This complicates things for companies. Consumers expect you to be socially responsible, yet they may punish you if you don’t do it right. And, even if they don’t actually punish you, a poorly developed program squanders a huge opportunity to make a major impact—both socially and on the bottom line.
In order to help our clients develop social responsibility programs that do well at doing good, two of our team, Ben Porritt and Rob Housman, devised the idea of “Tight Fit” corporate social responsibility.
A Tight Fit social responsibility program is one that focuses on something that is:
• In the public eye - an issue that concerns the wider public.
• Of importance to your specific customers
• Builds off of, derived from or reinforces what your company does.
We've drawn this as three-dimensional graph. The Y-axis reflects how important an issue is to
the general public. The X-axis shows how important the issue is to your specific customers. The Z-axis relates how closely the efforts being considered fit with and/or build on what your company does. A tight fit campaign is one found in the back, upper right eighth of the graph.
Lots of companies that are extremely good at marketing and branding companies fail this test. For example, we recently examined the corporate responsibility programs of one of the leading companies in athletic footwear and sports equipment. Only a fraction of their social responsibility programs had anything to do with what the company is about or what their specific customers care about. Instead, they invested large amounts of money into reactive programs designed to answer critics, not advance causes close to their core—let alone build their brand or market share. At the other end of the spectrum consider Cybex's Pink Ribbon Run. This year we helped our client Cybex, a leading manufacturer of premium fitness equipment, expand their "Pink Ribbon Run" to combat breast cancer.
Cybex's Pink Ribbon Run is a truly Tight Fit campaign. Breast cancer awareness and prevention is a major public health concern. October, when the Cybex Run is held, is Breast Cancer Awareness Month, during this month the focus is very heavily on this disease. General public concern is high. Women make up a large percentage of both people who belong to gyms and people who use Cybex equipment. Cybex's client base cares about this disease. Lastly, research shows that women who work out significantly reduce their risk of ever getting breast cancer, and surviving it if they are stricken with the disease. Promoting fitness not only helps fight the disease, it is also great for Cybex's business.
That's what we mean by a tight fit.
Dec. 20, 2010: WRESTLING BEARS
A couple of weeks ago we were talking with a new client who owns a professional sports team about marketing and branding ideas. We asked him if he would give us the latitude we needed to make an impact. He replied, "I'll wrestle a bear at half time if it produces ROI and builds our brand." He didn't say he was willing to try a new advertising campaign. He didn't say he would consider a new approach to marketing. He didn't say he would be up for a new brand or logo. He wasn't putting out an RFP for a new agency of record. What he said was that he would wrestle a bear—do whatever it takes—to build his team and business. This got us thinking about an interesting dynamic we see in the worlds of PR, advertising, marketing and the like. When a client seeking a specific result meets a firm that defines itself by what it does, it isn't surprising that the firm's advice is typically to do what they offer. A PR firm will tell the client you need better PR. A marketing firm will say the issue is marketing. And so on. In contrast, we routinely find that the best solutions typically don't fit neatly into any one box. And, in many instances, solving a new problem requires a new approach or innovation. In essence, rather than looking at the tool, the key is to start by examining the problem and/or the opportunity. We think about what would a—feasible, deliverable, efficient—solution look like. Is there a critical element that is being overlooked? How can we use this as an opportunity to do something exciting? Can we leap frog the competition? Most importantly, What we actually work? However, that requires a lot more explaining than just laying out a new PR strategy. For the last three years we've spent untold hours trying to find the right way to define this approach and ourselves for clients and potential clients. Perhaps the bast way to say it is: "We're bear wrestlers."

