Wednesday 31 August 2011

You see its now all about LOSOPHOMO.


You see its now all about LOSOPHOMO.
 
Lo – location, so – social, pho –photography (and any use of the camera) and mo – mobile.

Let’s start with why this is an advertising revolution.

As Seth Godin rightly points out back in the day of mass consumerism so we got mass advertising, you didn’t really have to care about the demographic, only a few people controlled the channels of communication – you had money – you had a product – you paid for advertising – after a while people got the message – they bought your product.

You bumped in one message into the masses and by repetition and a lack of options people simply bought (that and it was a different time and so people loved buying new stuff for the sake of it.)

Now – we don’t have this luxury. Your customers are hit with 1000’s of advertising messages a day, they are savvy consumers, wise in the world of marketing, most of them (74%) don’t even believe the advertising they see. They are internet linked in, socially connected, potential brand assassins. They have a dropping level of attention, they know more and more, they want things that are relevant not to just their demographic but to them personally. They want instant gratification. They can take or leave your products and brands – this is the reality of the consumer society – the consumer has the power.

Into this society we bring marketing. We bring digital marketing. We bring greatmarketing. We have to change with the times, we need to produce promotions that will persuade, and we must add value in our advertising. This is LOSOPHOMO.
     
It is all LOSOPHOMO and then some – which is a new way of understanding the next level of the advertising revolution.

Something happened today. Nothing too major but got me thinking. About values and goals.

Something happened today. Nothing too major but got me thinking.

And so I decided to think and link today to this article about values and visions. 

Written by a chap called Richard - it's nothing about "greatmarketing" per se - but it is about great business.

No matter how big or small your business is without a clear vision of where you are going owners and directors often fall into the classic trap of just managing from day-to-day.

Envisioning, the ability to see into the future and imagine how things could be, is as important for success as having real passion for the business and the determination to create something new.

These three personal qualities of leaders are vital for successful companies and a vision statement, sometimes called “a picture of your company in the future”, but it’s so much more than that.  Your vision statement is your inspiration, the framework for all your strategic planning. A vision statement may apply to an entire company or to a single division within that company.

The vision statement answers the question, “Where do we want to go?”

What you are doing when creating a vision statement is articulating your dreams and hopes for your business. It reminds you of what you are trying to build. A vision statement is for you and the other members of your company, not just for your customers or clients.  Visionary goals should be longer term and more challenging than strategic goals.

Collins and Porras describe these lofty objectives as "Big, Hairy, Audacious Goals." These goals should be challenging enough so that people nearly gasp when they learn of them and realize the effort that will be required to reach them.

Most visionary goals fall into one of the following four categories:
  1. Targeted - quantitative or qualitative goals such as Nike: "To bring inspiration and innovation to every athlete in the world" “If you have a body, you are an athlete.”
  2. Common enemy - focused on overtaking a specific firm, becoming the number one in that sector, such as Amazon: "Our vision is to be earth's most customer centric company; to build a place where people can come to find and discover anything they might want to buy online."
  3. Role model - to become like another in a different industry or market, the mirror role, Victoria Beckham (Posh Spice) "Right from the beginning, I said I wanted to be more famous than Persil Automatic”.
  4. Internal transformation – creating internal vision, GE set the goal of “Becoming number one or number two in every market it serves”
While visionary goals may require significant stretching to achieve, many visionary companies have succeeded in reaching them.

Once such a goal is achieved, it needs to be replaced; otherwise, it is unlikely that the organization will continue to be successful. The second most dangerous place for a company is to have achieved its only goal, the most dangerous place is never to have had one. Simple steps to creating your vision, ask some simple questions:

  • What will our business look like in 3 to 5 years from now?
  • What new things do we intend to pursue and how?
  • What future customer needs do we want to satisfy?
Write the answers down and focus on developing them into a coherent, motivational and purposeful message which can connect with everyone. 

Then Question:

  • Does our vision statement provide a powerful picture of what our business will look like in 3 to 5 years from now?
  • Is your vision statement a picture of your company’s future, which everyone can interpret into their role?
  • Does it clarify the business activities to pursue, the desired market position and capabilities you will need 
If your statement answers these questions then you have a vision worth owning and sharing. A vision must be motivational to everyone inside an organisation.  The classic apocryphal story to demonstrate the effectiveness of great visions is about the time President Kennedy visited NASA. During one trip he came across a cleaner sweeping the warehouse floor, and asked him what his job at NASA was. The cleaner replied “My Job is to put a man on the moon, Sir.”

Now I don’t know if the story is true, but it’s inspiring. In a facility full of high-powered individuals and great minds, even the cleaner was completely on board with the strategy. While you may not be planning to put a person on the moon, we can learn a lot from the story. It may sound ridiculous, but every business needs to be a little like NASA.    Great visions can create an unstoppable company

 Every organisation needs to have a clear goal, owned by everyone inside and outside it. An owned and shared vision creates and sustains great morale and internal strength for companies, which can become a powerful and unstoppable force in any market no matter how competitive.

What happened today with goAugmented -  a client which specialises in mobile augmented reality solutions -  was the opposite of that, the opposite of great marketing and a big mistake which we will learn from and move forward with.

With goAugmented we want to change the way the world of marketing is percieve and recieved in the NW and beyond. Just like Steve Jobs and Apple - we want to make a HUGE difference. (A link to a great article here)

We just want to do it with mobile augmeted reality - something both Apple and Steve Jobs know a lot about. Perhaps we should learn lessons from them as well :)

And perhaps even better timing for this - the Start up Project.