Wednesday, July 8, 2015

MOBILE MARKETING NEWS


Book excerpt: Why People (Don’t) Buy

Hedgehogian thinking

Isiah Berlin, British philosopher and thinker, wrote an essay titled “The Hedgehog and the Fox” in 1953, in which he argued that influential thinkers can be divided into two categories: hedgehogs and foxes. This analogy was inspired by the ancient Greek warrior-poet Archilochus, who is reported to have noted that the fox knows many things; the hedgehog one great thing. Hedgehogs have one very effective way of dealing with adversity—they use their sharp spines or quills to protect themselves and inflict pain on their foe. When a hedgehog encounters a foe, it rolls itself into a ball such that its quills point outward. Although the purpose of comparing a hedgehog to a fox is not very obvious, Berlin used this adage to argue that like hedgehogs, some people view the world through the lens of a single defining idea. In contrast, others, like foxes, draw on a wide variety of experiences and for them the world cannot be boiled down to a single idea.

Philip Tetlock, professor of psychology and management at the University of Pennsylvania, in a seminal 20-year-long study, compared the performance of political forecasters who had more of a “hedgehog” perspective with the performance of political forecasters who had more of a “fox” perspective. He found that despite the popularity of hedgehogs in the mainstream media, foxes tended to outperform hedgehogs in their forecasts. He cautioned against the lure of one powerful idea that attempts to explain everything. Looking at the world through the lens of a single, albeit powerful, idea can lead to mistakes.

Tetlock’s findings are very relevant for business managers. Mispredictions of consumer behavior—or incorrect consumer insights—caused by a hedgehogian view often result in misdirected business strategies. Managers often fall in love with one idea that seems powerful. They become obsessed with this seemingly powerful idea. They come to believe that this one particular idea will always beget successful marketing strategies. For example, some managers fervently believe that low prices and sales promotions are good for business. If they experience success with lowering prices and running sales promotions in one context, then they mindlessly try to implement the same strategy in all contexts without considering the fact that consumer behavior varies across contexts. A sales promotion might help a pizza delivery chain, but it might completely backfire for a formal dining restaurant. As another example, some managers adopt a new packaging that is trendy because it has worked for others. So they start mindlessly adopting the new packaging in all categories. And some, like a recent New York Times article documented, are falling over each other to create “emporiums of cool” user experiences. Why? Because they saw some case studies suggesting that improving user experience improves financial bottom lines.

Thomas Gilovich, a renowned professor of psychology from Cornell, captures this tendency to follow the herd and oversimplify the best when he mentions in his book How We Know What Isn’t So: The Fallibility of Human Reason in Everyday Life (1991): “People will always prefer black-and-white over shades of grey, and so there will always be the temptation to hold overly-simplified beliefs and to hold them with excessive confidence.”

Instead of understanding the root cause of weak GO signals and/or intense STOP signals that afflict their product, when managers see consumer behavior through the lens of a single (often previously successful) idea they perpetuate this hit-or-miss pattern. In particular, it leads to two types of prediction mistakes that we observe in many of the examples discussed in this book: side-effect neglect and misdiagnosis.


QUOTE OF THE DAY


"When obstacles arise, you change your direction to reach your goal, you do not change your decision to get there."

By Zig Ziglar.



Thursday, July 2, 2015

MOBILE MARKETING NEWS


Bud Light uncovers social’s role in millennials’ summer fun

Millennials are pumped to have more fun this summer and social is a key part of the experience, according to new research from Bud Light, which is ramping up to help these consumers make the most of beach parties, music festivals and backyard barbecues.

Anheuser-Busch’s Bud Light brand is celebrating the release of its premier Summer Bucket List report, which looks at millennials’ social media usage, by asking fans to upload their seasonal photos onto Twitter and Instagram using the #UpForWhatever hashtag to win an all-inclusive trip. Bud Light, in conjunction with Wakefield Research, undertook a survey that asked 1,000 millennials in the United States about the experiences, places and people on their summer bucket lists, and how they enjoy showcasing those activities on social media.

“These insights prove the importance of understanding millennial preferences and behavior on social media,” said Joe Matthews, CEO of Tagkast, Chicago. “For example, the report mentions that millennials would rather give up social to spend an entire day with their favorite celebrities, than have a ten-minute meet-and-greet with the option to post on social.

“Armed with these insights, marketers can target attendees on social networks in the right way at the right time. To maximize reach at events like concerts, marketers should implement branded content (photos, videos, etc.) that is sharable on preferred channels.”


Thursday, June 25, 2015

QUOTE OF THE DAY


"A leader is one who knows the way, goes thw way, and shoes the way."

By John C. Maxwell.


Wednesday, June 17, 2015

MOBILE MARKETING NEWS


Pepsi encourages millennials to hang out and earn mobile rewards

By leveraging mobile location to award points to friends who are hanging out together, PepsiCo is attempting to add more mobile fizz to its new loyalty program and gain an edge over Coca-Cola.

Pepsi is following in its competitor Coca-Cola’s footsteps by allowing fans to enter codes found on participating products to receive the in-app rewards points, but is aiming to expand consumer outreach by offering points to those who hang out with fellow users. Loyalty programs are a must-have for major beverage brands with significant amounts of customer consumption, and Pepsi is likely attempting to attract a younger demographic with its musically inclined approach.

“Pepsi is literally rewarding fans for having fun and hanging out with friends,” said Linda Lagos, director of marketing at PepsiCo, Purchase, NY. “One of the coolest features on Pepsi Pass is a location-based update that will award points to friends who have downloaded the app and are hanging out with each other.

“This happens seamlessly in the background,” she said. “No need to tag friends, or to check in.

“Additionally, the phone’s camera will act as a scanner of under-the-cap codes and UPC on cans to let users quickly capture their points via product purchase. Again, letting them gain points for their loyalty, more seamlessly than ever before.”


Friday, June 12, 2015

QUOTE OF THE DAY


"If you are not willing to learn, no one can help you. If you are determined to learn no one can stop you."

By Unknown Author.


Wednesday, June 10, 2015

MOBILE MARKETING NEWS


Walgreens leverages Challenged app to focus social conversation

Walgreens is unrolling a new wave of mobile offerings, including a collaboration with social competition application Challenged, an Apple Watch app with Pill and Refill Reminder features and the integration of its loyalty platform with Apple Pay.

Fans of beauty products will likely want to partake in the Walmart Beauty Challenge this season, which requires users of the Challenged app to aggregate their best summer beauty tips in a 12-second video using specified products carried at Walgreens stores. Health-conscious consumers may appreciate the pharmacy brand’s new Apple Watch app, as well as its rollout of the Balance Rewards program within Apple Pay this coming fall.

“We believe that providing our customers with a Walgreens Apple Watch app will help improve medication adherence,” said Kartik Subramanian, director of product and program management, mobile commerce, Walgreens, Deerfield, IL. “Using the Walgreens Watch app's intuitive interface, our customers can easily check on their medication regimens and manage the same.

“In addition, our customers will also get relevant and timely notifications on their Watch app when their prescriptions are due for a refill. These features will make it even more convenient for our customers to engage with Walgreens digital services.”


QUOTE OF THE DAY


"You don’t build business, you build people and then people build the business."

By Zig Ziglar.


Monday, June 8, 2015

MOBILE MARKETING NEWS


We The Economy taps into mobile's potential for massive reach

Vulcan Productions’ partnership with short-film producer and distributor Cinelan unlocked the potential of mobile with its We The Economy film series, which reached millions of viewers through a mobile-first strategy, including an application where the films are viewable in their entirety.


We The Economy is a collection of 20 short films from numerous well-known directors and actors, spotlighting issues in the economy in a manner that anyone can understand. A mobile app is dedicated to the film series, but the films have also been released to outside apps as well such as Netflix and YouTube.

“We wanted We The Economy on mobile because it was by far the most powerful and efficient way to reach the right people,” said Douglas Dicconson, co-founder and managing partner at Cinelan. 

“Native content discovery complements our high-profile distribution partners like Netflix and Landmark Theaters to make sure that we reach viewers wherever they are and however they want to consume us.”

"The goals of the campaign were awareness, video views, social engagement and visits to the We The Economy website," he said. "The mobile campaign generated over 2.3 Million video views and a 7 percent engagement rate, 7x higher than the industry average.

"The videos saw a 92 percent completion rate, 70 percent higher than the industry average for longform video content on mobile."

Vulcan Productions is known for award films such as Far From Heaven and Titus.


Friday, June 5, 2015

QUOTE OF THE DAY


"If you live in fear because of what happened in the past, you’ll end up losing what you have in the present."

By Billy Cox.