I am afraid the answer is yes. They do make a difference and are the target of Retailers and Telco’s as well as other major industry sectors. There are 2.5 billion Millennials Worldwide demanding and exercising their right of choice and how they shop. Brands feature heavily in their core shopping habits and are part of their DNA.
New strategies are required to reach this unique technology savvy customer buying group. Marketers are relying heavily on omni channel environments and extensive use of targeted social media.
It is a whole new segment of the universe that from a retail perspective cannot be ignored. Embrace them, meet their demands and you will have their loyalty and wallets. Ignore them at your peril.
Views and comments welcome as usual.
Did you eat to many Easter Eggs this Easter?
This infographic compares the average body mass index (BMI) values for adults around the globe.
Adults with a BMI between 18.5 and 24.9 – usually considered to have an ideal body weight for their height.
How do you compare?
Not Really – Today’s Enterprises are seeking a more holistic view of there Customers and their individual and personal experience with the brand – in addition the impact the brand has in a social, environmental and global arena.
Design Thinking Methodology
Design Thinking when applied with a proven Design Thinking Methodology enables the enterprise to understand the key brand attributes and differentiate your brand or service in the marketplace.
Discover & Understand the Hills and Blocking issues that are preventing you from moving forward Emphasise and understand the Social, Political and Economic barriers to entry. Component Business Modelling and ‘Heat Maps’ are a useful starter for the teams to level the playing field.
Explore every channel, idea or opportunity and Journey map or Touch map the process. Examine the customer journey ‘trigger points’ in detail and understand the technology required as the enabler to fast track the idea’s.
Ideate and Innovate
Create no holds barred ideation sessions ‘think out of the box’ develop solutions that define and bring out the true essence of the Brand. Prototype and prototype the solutions endlessly and rigourously. Playback initiatives to the teams.
Evaluate the output
Apply metrics and rigour measure to analyse the results, align the commercial results against the defined Business Model and Brand Objectives. Decide on stop,start or go implementation strategy.
In a recent study published CIO’s have ranked Mobility as a priority No 2 in 2017. I find it slightly disturbing only 54% of companies have a mobile strategy in place yet only 34 % have any in-house mobile development skills. in a connected world I would have expected the figures to be higher and of more importance to organisations today. Especially as the consumer usage is on the up see below;
What influences and impacts our daily lives, Friends, Business Co workers, Loved ones, the Media?
It would appear it is all of these;
Commonly referred to as ‘ The Sphere of Influence’ diagrammatically illustrates this point.
Between friends, family, and an ever-increasing influx of media the influences on us are harder and harder to quantify. This simple infographic breaks it all down.
Your comments are welcome as always.