This is a roll-up of all Forrester blogs written for Marketing & Strategy Professionals. Role-specific blogs are listed below. Visit Forrester.com to learn how we make Marketing & Strategy Professionals successful every day.
Last week, Forrester published an updated version of our report on The Age of the Customer (the author, David Cooperstein, blogs about it here). The report discusses the fact that competitive differentiation has been based upon the power of manufacturing, distribution and subsequently information. We’ve now entered an era in which “the only sustainable competitive advantage is knowledge of and engagement with customers.”
The report gives great examples of brands that have used both digital and traditional channels to become customer obsessed and the benefits they’ve realized as a result. Yet for a large number of brands, the journey is just beginning. This early stage is often reflected in brands’ eCommerce offerings around the globe, many of which still reflect a product-centric rather than a customer-centric approach. Today we find that:
The survey is now closed. Many thanks to all of the agencies and service designers who submitted. We'll be in touch soon.
The survey deadline has been extended to November 7 at midnight Eastern! Please see my comment in the thread below for more details.
“Who can help us design great customer experiences?” I increasingly hear this question from our Forrester clients — and depending on what kind of work the client is after, my answer is often, “a service design agency.” I recently wrote two blog posts discussing the importance of service design and its relationship to customer experience. In December, I’ll be publishing a report that will help prospective clients find potential service design partners.
This report will focus on agencies that design service-based interactions that span the following steps in the customer journey: buy, access, use, and get support. Agencies that primarily design the employee experience will also be considered for inclusion in the report. If that sounds like your agency — and you’ve got one employee or several hundred — we’d love to include you. Just fill out this survey by November 1.
When I was 4 or 5 years old, I remember going to the bank with my Mom. She’d say, “hey, let’s go. I need to make a quick trip to the bank to deposit a check.” It was a big deal that the bank had a drive thru. We’d pull up in the car. My mom would manually roll down the window. A teller would speak to us. My mom would reach out and take the plastic tube. She’d drop in a few checks, put the tube back into the machine and it would be sucked back into the building. A couple minutes later, the pneumatics would work their magic, and money and a lollipop would appear. We’d drive back home. All in, maybe this trip took 20 minutes.
It took 20 minutes to deposit a check. My mom was thrilled – besides that she didn’t have to get out of her car, the bank was even open on Saturdays. I only missed one episode of Sesame Street. She was satisfied with this experience for probably two decades.
Fast forward 40 years. If it takes me more than 20 seconds to deposit a check, (And, yes, my 93 year old grandmother still sends me paper checks), I’m twitching … I’m staring at the app on my phone and wondering how the bank could get it so wrong. Just two years ago, I was fine with walking over to the bank and using the ATM.
Many have commented on the 14 product enhancements announced at last week’s Google Analytics Summit (GAS), but I attended to learn about their new Data Driven Attribution (DDA) tool. Why travel to Mountain View, CA “just” to focus on a new advanced attribution tool?
Digital pathways are rarely last click. Imagine a consumer who clicks on a banner ad sending them to your YouTube video. They watch the first 45 seconds and then enter your website through natural search. Do you really want to give zero credit to the YouTube ad? Assuming this pathway is common, should you increase or decrease your banner ad budget? Now with Google’s DDA (or competing tools) you can get an accurate answer for each touch point.
Pathways are rich with insights—in theory. Now imagine your team is struggling to optimize YouTube across a set of products. Also imagine you could measure how the influence of YouTube varied across journeys based on what was purchased, lifecycle stage and persona. Armed with those insights your team could develop a content creation schedule or define the role of YouTube in new product launches. Unfortunately Google’s DDA is limited in pathway comparisons, but I predict expansion of that functionality in the next 12 months. I applaud Google for its simple interface, but marketers need more options than the limited demographics and attitudes available today.
Although an event that takes place in the offline world may be finite, it lives on in the online world. When a single incident becomes part of the Web, which is buzzing with real-time updates, critiques, and responses, the event takes shape, is assigned value, and is made into something significant. As a recent New York Times blogger put it, “the way we share, watch, read and otherwise consume content doesn’t happen on a linear timeline . . . the Web is always churning.” Sometimes, the aftermath of an event conveys more than the event itself.
Watching Apple announce the iPhone 5S and 5C last month was enlightening, but more revealing was tracking the fluctuating online consumer sentiment and response days later. Using Forrester’s NetBase social listening data, we measured the proliferating online discussion related to the Apple iPhone and recognized an immediate trend of negative commentary. Our data shows that while the amount of online conversation grew across a host of public websites, the positive sentiment regarding Apple iPhones plummeted, as the audience's brand perception became more negative.
Recently I have invested a fair amount of time with CMOs and agency executives, working through the challenges that marketing faces, especially as shiny new objects like social and mobile develop some patina and digital gets categorized as a mature channel. In a past post on Forbes I called the era we now live in a “post-digital” world for marketers, because the strategies that matter most are those that don’t start with the channel (i.e. mobile-first or digital-first). Marketers need to put themselves in their customers’ seat and define the marketing activities they take on from a customer-first perspective.
Two years ago, Josh Bernoff and I answered the question of where competitive success would come from in the future. In that research, we defined the era we now live in, the age of the customer (see report, client access required). We just updated that report. Since we expect that era to continue for the next 20 years, you need to know what has changed. The age of the customer is defined by a number of undeniable trends:
Customers are empowered. From multitab browsers to mobile devices, most people hold the power of information in their hands. How often do you hear from agencies, reporters, and your own customers reinforcing that message?
Even doughnuts have gone digital. Between offering mobile alerts for hot doughnuts and interacting with evangelists on Twitter, Krispy Kreme Doughnuts has set out to integrate digital programs into its customer interactions and relationships – while still staying true to the 76-year-old global company’s core brand DNA. In the run-up to Forrester’s Forum For eBusiness & Channel Strategy Professionals in Chicago on November 5-6, Dwayne Chambers, Chief Marketing Officer at Krispy Kreme Doughnuts, was kind enough to answer some questions that we posed to him.
I hope you enjoy his responses as much as I do, and I look forward to seeing many of you in Chicago!
Q. When did your company first start getting serious about digital business?
The Krispy Kreme brand was built on word-of-mouth marketing. We are fortunate that digital/social/interactive is today’s “word-of-mouth.” Things have really taken off over the past three years.
Q. What steps has your company taken to infuse digital business and skills throughout your business?
Peter O’Neill here. Today, I was just polishing off my presentation deck for my upcoming workshop, “Achieve Revenue Acceleration Through Better Content Distribution,” at DMA 2013 this weekend and was debating whether I needed a slide that set the right expectations about B2B marketing versus B2C. This is a common discussion point with clients in my experience. Many of the documented marketing stories and best practices seem unsuitable for B2B marketers, they claim. B2C marketers respond that even business buyers are people and so the lessons they have learned apply equally to B2B. We even discuss this often within Forrester. Now, as is always the case with these interminable arguments, both parties are partly right — and they are partly wrong.
Scott Santucci and I are currently working on a Forrester report that explores this dilemma in much more detail — and suffice to say, I have selected the table below, from that report, to lead my discussion with my audience on Saturday in Chicago. As this is “research in progress,” I have annotated the graph accordingly. In fact, you now have the opportunity to give us some some feedback about this — do we use the right words? Is there something we have missed? In any case, please watch this space for the final version.
The end of a quarter forces me to reflect on what I learned in regards to my coverage area: measurement and attribution. From customer insights (CI) pros and marketers, I saw an increased interest in advancing their measurement approaches. On the attribution front, there is an appetite to learn about specific methodologies, use cases, ongoing attribution management strategies, and attribution applications to marketing/media buys. On the vendor side, I saw more advancement in tools, approaches, and offline and mobile data integration. I predict attribution — and general consumer and marketing measurement — will continue to be a hot topic for marketers and CI professionals well into 2014. Specifically, I expect to see more attribution adoption and usage of attribution to measure customer purchase paths and to learn more about customer behaviors and motivations.
In the meantime, let me recap the Q3 2013 measurement takeaways:
You know by now that studying your audience's social behaviors is the first step in building a great social strategy. But most models for evaluating audiences’ social usage simply tell marketers how much their customers are using social -- rather than examining how commercial those social behaviors are, or what marketers should do in response to those behaviors.
To succeed in social media, we think you should map your audience's behavior to the customer life cycle. Why? Find out in our video below: