Tag Archives: Business and Economy

Native Speakers

Think back to when you first learned English.  If English is your first language you probably can’t remember learning the rudiments of it.

english language

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Oh sure – when you got to school you learned to improve your grammar and spelling, but you could already speak the language pretty well.  You think in English too.  You’re a native speaker.

Compare that with any other languages you might speak.  I speak a few and it took me a long time to learn them.  OK, maybe not to learn a bunch of words and basic grammar, but a long time to learn which version of a word was appropriate and to develop an accent that sounded more natural for the language.  The hardest part is getting to the point where you can think in the language so you’re not constantly translating, in my case, from English.

Think about communicating with a non-native English speaker in English:  you can hear the unsure vocabulary and the accented speech.  Now think about your business.  Odds are if you’re using digital channels for communication, you’re not a native speaker.  You probably are translating many of the marketing or other business lessons you’ve learned into digital.  As with other languages, you might be speaking with an accent or using the wrong word.  In fact, unless you’re under the age of 15 or so you’re not what some folks call “digital native.”  That notion is having some big impacts and many more are on the way.

One example is the Google Chromebook.  These inexpensive computers are making their way into schools and kids are learning to live with cloud-based software.  No hard drives, no program updates, no ongoing software expense.  If you’re Microsoft that’s a killer.  There are other things digital natives do that are changing things over time.  Cord-cutting is one we’ve discussed quite often.  Traditional TV is based on programming and counter-programming to draw in the biggest number of eyeballs all at once so you can sell advertising against broad demographic targets.  What happens when the cord is cut and people are their own programmers?  They’re very comfortable doing this – how has the language they’re speaking changed your business?  How has the technology of programmatic media buying and advanced behavioral targeting changed the need to aggregate those broad demographics?  If you’re trying to get women 18-49 and the market demand is for people who have looked at a mommy-blog in the last week, aren’t you speaking a different language?

The point is this: digital natives speak technology just as you speak English.  They grew up with it and don’t know a world that existed before it.  If your business model isn’t taking that into account or if you’re not becoming fluent in that language, you’re heading for failure.  Maybe you need a great translator but do not assume that this is the equivalent of going to a place on vacation where they speak enough English for you to slide by for a little while.  The digital natives are restless – have you learned enough of their language to address them in an understandable manner?

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The Devil You Know

The folks at Forrester issued a study on marketing and customer experience the other day and it makes a number of interesting points.

Image representing Forrester Research as depic...

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Maybe “interesting” isn’t the right word; maybe it could be more like “disappointing” or “confusing.”  Entitled The Convergence Of Brand, Customer Experience And Marketingthe study deals with the intersection of brand, marketing, and customer experience.  One might expect those three areas to be operating in sync.  One would be wrong.

Forrester found that 63% of Chief Marketing Officers consider customer acquisition their number one priority, while only 22% give precedence to retention. Kind of a silly choice, because there is a lot of  evidence that shows that generating loyalty and holding onto existing customers is better for a brand financially  than spending resources to bring in new customers.  In fact, the 22% statistic represents a decline in the focus on retention.  In 2011, the number was 30%.

What’s a little strange is that many of the CMO‘s do believe that they are, in fact, highly customer-focused.  The research found, however, that they are highly transaction-focused and are trying to foster conversions, not conversations.  Lifetime value is only a concern to a little over a third of these folks while two-thirds focus on segmentation studies to pursue new customers.

It’s almost as if there are two completely different experiences – one for prospects and one for existing customers – while it seems obvious that those experiences should be united into a vision that derives from the brand itself.  Otherwise, as the study found, there is customer confusion, dissatisfaction and departure.

No one likes to be treated like royalty when they’re being wooed only to be given short shrift once the deal is sealed.  Even worse, if a brand is a promise to the customer, no one likes to be confused about what that promise is or how it is to be kept.  Heck, even accounting recognizes that and puts something called “goodwill” on the balance sheet.  The disconnect cited in this study is disturbing and the trends it recognizes are even more so.

I’m a believer in “the devil you know” and the value of doing everything I can for existing customers.  I’m a believer in making the brand the source of strategic thinking about customers, current and future and expressing that thinking in a cohesive way.  Are you?

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Most Read Posts Of The Year – Foodie Edition

It’s Foodie Friday and since we’re reviewing the most read posts of the year I’m combining the two.  I’m also cheating a little.  The most read food-related post this year wasn’t written for our Friday Foodie Fun.  It was the post about finding a thumb tack in clam chowder.  This post, originally titled Recipes And Business, was actually written just before the Giants played in the Super Bowl in 2012 and was, in fact, the most-read foodie post this year.  Nice to know it has legs and it did way better than the Giants this year!  Enjoy.

Many of you will be cooking something for Sunday’s big game and so this Foodie Friday we’ll think a little bit about what recipes to follow.  Actually, it’s more about how one follows any recipe, and what that has in common with business.

An example recipe, printed from the Wikibooks ...

Image via Wikipedia

As I think you might know, my feeling about cooking is that it’s more like jazz while baking is more Baroque music– far more structured and precise.  Given that, the way I see recipes might differ from how you see them and how that perspective carries into business.  Let’s see.

A recipe is a guide, not an edict.  I look at them as outlines of the dish, but it’s up to me as the cook to insert the flavors I want to present.  For example, if I’m making chili for Sunday’s game, I know that most of the folks who will be at the party enjoy fairly hot food so I might change the spice mix accordingly.  Cooking veal cutlets for 20 can be expensive but turkey cutlets in the same recipe can be just as tasty.  With a vegan and a vegetarian as members of the household here, I often modify recipes to accommodate their eating styles too.  I have a sense of the destination and the recipe is the map, but there are often many routes to get to where I’m trying to go.

Business is the same.  There are some basic road maps – take in more than you spend, treat customers and employees well – but every business is different.  Sticking to the recipe isn’t always possible, and sometimes the road we wish to take is closed, but with a good understanding of fundamental techniques and enough knowledge of the building blocks (ingredients), one can cope with changing market conditions and take advantage of opportunities (I was going to make snapper but look at the fresh grouper on sale!) that might arise.

So as you’re whipping up that pot of gumbo, maybe try thickening it with okra instead of your usual file powder.  If you’re not having much luck using SEM for online commerce, maybe social media can be more efficient.  It’s jazz – learn to improvise – oh, and Go Big Blue!

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