Pursuit of the Individual
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Transcript of Pursuit of the Individual
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Emily Sadeghian & Erin Grunbeck 09.14.15 Brand mgmt
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“3 Market Forces to Master in the Pursuit of the Individual Customer” – AdWeek 9 �13 �15
Transition from
mass media à “me generation” ¤ Personalized content
¤ Achievable with advancing technology/
social media/big data
¤ Law of One 1:1
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}89% percent of companies plan on competing based
primarily on customer experience by 2016 – the
sum of those experiences is your brand
– AdWeek ”
“ W H A T D O E S T H I S M E A N ?
• Refocus branding
• Not just about mass appeal
• Personalize content for the
individual, not generalization
INDIVUDAL CONSUMER CONT..
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Current Examples
NETFLIX | FACEBOOK | ACTIVISION • User selected queue
• Complete control over
shows/movies (unlike
cable TV)
• User generated/
selected content
• Call of Duty – personalize game experience (create character)
• Connect with other players
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Where to go from here
Scale
• Share of Voice = 1st Step
• once a large audience is engaged à provide personalized content to reach each individual
• Larger scale of content, greater presence
• Creates brand loyalty.
Big Data (DSS)
• Personalization = understanding your consumer.
• should collect secondary data from various sources to understand your consumers’
behaviors, attitudes, preferences etc..
Cross-channel integration
• Ensure consumer experience with your company is seamless
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BRANDS MUST…...
① Innovate - added layer of segmentation.
② Create an emotional connection - personalized
③ Sustain and reinforce a long term vision - CLV
④ Have a strong value proposition – the experience (perception)
is more personal, you tell the brand what your experience (preference) is
going to be.
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Check out the article at..
http://www.ADWEEK.com/news/advertising-branding/3-market-forces-master-pursuit-individual-customer-166847