5. Who is in control? “ The power is with the consumer. Consumers are beginning, in a very real sense, to own our brands and participate in their creation. We need to begin to learn to let it go…” - A.G. Lafley, CEO, P&G Company “ The power is with the consumer. Consumers are beginning, in a very real sense, to own our brands and participate in their creation. We need to begin to learn to let it go…” - A.G. Lafley, CEO, P&G Company
6. Key thoughts Uncontrolled messages are trusted more than controlled Focus group of thousands Companies must create trust between their brands and stakeholders Allows you to be more influential in controlled media Real time Reputation Mgt Invest in RELATIONSHIPS Not Transactions Risk is in NOT Participating Push messages may drive a one-time action, whereas dialogue can build advocacy Invest in building relationships to generate self-propagating conversations and brand loyalty Conversations are happening with or without you Companies who do not participate risk being seen as irrelevant and out of touch Audiences do not want or respond to marketing messages, but they are open to conversations Unstructured nature of digital media creates new participation opportunities Identify what messages you want to amplify or minimize versus where you can influence versus control INFLUENCE Instead of Control
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8. How digital is playing out “ The power is with the consumer. Consumers are beginning, in a very real sense, to own our brands and participate in their creation. We need to begin to learn to let it go…” - A.G. Lafley, CEO, P&G Company “ Unfortunately we are unable to respond to your inquiry because Target does not participate with nontraditional media outlets … This practice is in place to allow us to focus on publications that reach our core guest.” Target’s media team
11. The return to more intimate customer interactions Intimacy of the Interaction Pre 1930’s Merchant to Customer Present Dialogue Age 1930’s - Present Mass Marketing We are here
12. Changing Paradigms Individual Way Back Yesterday Today Media Individual Media Media Individual Social Media
13. Multi-Stakeholder Dimensions “ There is a much greater level of scrutiny of the purpose, vision and values aspects of a company now than 5 years ago” Strongly agree 58% Somewhat agree 34% Somewhat disagree 7% Strongly Disagree 2% Q: Thinking about businesses generally, do you agree there is greater scrutiny on vision and values?
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15. What are CEOs or Communications Officers doing about it?
18. Percentage who would be swayed to purchase when reading a positive review from a consumer or private individual on the internet TEAM Your customers build their opinions increasingly online and through SM
19. You cannot manage crisis in a todays 7/24/365 world only through traditional media any more 2
20. Social media tools are more (cost) effective in reaching the millions online 3
21. Social Media can act as a way to reduce customer service or product development investments 4
22. SM helps you to differentiate and establish a thought leadership platform 5
23. You learn more about the needs or concerns of your stakeholders if you listen or participate in a dialogue 6
26. Many of your stakeholders have developed new expectancies regarding „tonality“ from Corporations Openness, directness, speed and authenticity 9
27. PERSPECTIVE Degree of Influence Website Discussion forums Email marketing Social network Company blog Search optimisation Third party blog Product wikis Online video Wikipedia Search marketing Display advertising Website dialogue Low High Degree of Control You can learn step by step (monitoring, listening, from internal to external, selective participation) 10 High
28. The new playing field Low High Depth of Engagement Degree of Control Collaboration Communication Information Conversation Team High
29. The Times they are a-changin ‘ Come gather 'round people Wherever you roam And admit that the waters Around you have grown And accept it that soon You'll be drenched to the bone. If your time to you Is worth savin' Then you better start swimmin' Or you'll sink like a stone For the times they are a-changin'.
Topic of today’s presentation : - New Corporate Communication thinking - emerging - Shift of paradigms - Old concept of messaging – channel definition – target groups – penetrating the message until target groups have measurably understood the message -> mass marketing - New concept: dialogue with stakeholders You might argue that not really new . Corporates always needed to talk to their stakeholders and have an ongoing dialogue. That’s correct. There are a few trends, however , which change the name of the game: 1. Proliferation of the internet / New innovative tools / social Media 2. Increasing number of stakeholders / importance to find a balance between a companies position and society’s needs. / New balance between purpose and performance. Values. 3. Globalization – Access to information – cheap diffusion 4. A new media cycle which doesn’t start of end with mainstream media anymore -> New playing field for Corporates
