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Workforce Experience and Customer Experience: Two Sides Of The Same Coin

Posted by Simon Yates on May 21, 2013

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In case you haven’t noticed, the world of work is changing – people are more mobile, teams are more virtual, organizational structures are more fluid, work hours are more flexible, and offices have more ping-pong tables, latte machines and bring-your-dog to work days. In exchange for the more casual and flexible approach to when, where and how we do our jobs, we put in more hours whether they are accounted for or not. We write emails at the dinner table, work on weekends, travel more, and maybe accept lower pay and reduced benefits in exchange for a better work/life balance. Despite the tradeoffs, it seems to work for everyone. We get the flexibility we need and our employers get workers who are more engaged , more productive and better able to create and deliver meaningful value to customers. Over the last year or so, TJ Keitt and I havebeen leading research into workforce experience and IT's role in supporting a changing work environment and how to measure workforce experience.  

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Categories:

  • Workforce Experience
  • customer experience design
  • employee engagement
  • workplace

Highlights From The Future Of Consumer Intelligence Event

Posted by Gina Sverdlov on May 21, 2013

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Last week, I had the pleasure of attending the Future of Consumer Intelligence conference in San Francisco. This week, when I reflect back on the conference topics and energy, I realize how fitting San Francisco was as the location of the event: Much like the essence of the city itself, the conference speakers and attendees showed ingenuity and optimism around the challenges and opportunities that the market research industry faces. I also thought about the same conference that I attended last May (IIR Market Research Technology Event 2012) and the key themes that I gathered and blogged about: Big data is here, integrating survey and behavioral data is powerful, and behavioral economics has huge implications for market research. For me, the big difference between last year’s conference and this year’s is this: A year ago, market insight professionals were sizing up their challenges with the future of market research. This year, they are taking the bull by the horns and embracing both the challenges and opportunities that technology in market research presents. Here are the main themes I gathered from the event:

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Categories:

  • Market research
  • consumer intelligence
  • customer intelligence
  • market research industry

Just Published: The Forrester Wave Marketing Mix Modeling Providers Q2 2013

Posted by Tina Moffett on May 21, 2013

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Marketing professionals are more and more accountable for proving the value, and making investment recommendations and decisions, based on business and marketing performance.  Marketing Mix Modeling is quickly being adopted across different industries as the preferred way to measure, forecast, optimize, and plan marketing budgets. 

Today, I am pleased to announce the publication of The Forrester Wave:Marketing Mix Modeling Providers, Q2 2013. This vendor review is a result of countless hours of vendor reviews and assessments, in-person briefing reviews, customer calls, fact checking, and intensive research work. This Forrester Wave will help firms create a shortlist of providers based on their unique business needs.

After long days and nights, I am glad to share with you the key takeaways emerged from the Forrester Marketing Mix Modeling Wave:

  • Wide arrays of firms are adapting Marketing Mix Modeling. Marketing Mix Modeling is the traditional approach to uncover value and build a marketing plan for Consumer Package Goods Companies. However, other industries, including financial services and retail, are quickly taking interest in adopting this approach because they need a more scientific, holistic way to understand marketing and business performance. As a result, we see an upsurge in adoption across different industries.
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Categories:

  • Business Planning
  • Marketing Insights
  • Marketing Mix Modeling
  • Marketing Mix Optimization
  • Measurement
  • marketing planning

How the Mobile Mind Shift is different in Europe

Posted by Josh Bernoff on May 21, 2013

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As we published last month, people are in the midst of making a Mobile Mind Shift:

The expectation that any desired information or service is available, on any appropriate device, in context, at your moment of need.

Our research on the Mobile Mind Shift and our global surveys allow us to examine in detail how attitudes and behaviors are shifting around the world. While the shift is undeniable and is rapidly accelerating, the regional variations are fascinating.

In a speech today at the Forrester Marketing Leadership Forum EMEA, I revealed that Europeans are in general behind Americans on the Mobile Mind Shift. Here's a slide from that speech, showing the spread between Europe and the US:

US Europe spread
 

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Categories:

  • Mobile Mind Shift
  • mobile

Marketing Performance Management is Operationally Proficient, but Strategically Stalled

Posted by Laura Ramos on May 20, 2013

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Last month, together with the ITSMA and VisionEdge Marketing, Forrester launched a research study to understand whether B2B marketers have become more proficient in using marketing metrics and analytics to inform marketing decisions, predict buyer behavior, improve marketing performance and help their firms better analyze markets and forecast trends.

This is the 12th year that VisionEdge has undertaken this research, and we were pleased to be a part of such a rich legacy. The 2013 MPM Survey captured input from more than 400 respondents, helping us uncover valuable insights on the performance measurement and management challenges marketers face today.

Depending on which side you stand on the executive debate about how to assess the value of marketing to your organization, the findings of this year's study may (or may not) surprise you.

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Categories:

  • B2B marketing
  • B2B marketing trends
  • Marketing Measurement

FinovateSpring Fling 2013: Another Year Of Dazzling Financial Services Delight!

Posted by Tiffani Montez on May 20, 2013

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I attended FinovateSpring 2013 last week to get a preview of new products from digital technology vendors for financial services. For those of you that have not been to Finovate, it’s a little like innovation speed dating – where 72 vendors have 7 minutes to win the hearts of the audience to secure the “Best of Show” Award.  At last year’s conference, a few new topics emerged: Personal Financial Management, payments, rewards, coupons, and mobile banking services for Pre-Paid Visas customers. This year the focus was still on PFM and payments, but one new topic hit the stage full force: authentication, which is this year’s new black. Sexy, I know!

While there was plenty of interesting and innovative demonstrations, Forrester attended the conference to identify trends and solutions relevant for our retail digital financial services clients. Specifically, we looked at innovative solutions that helped ourclients either deliver on a customer need or solve a core customer problem in the retail banking realm. At this year’s conference, I noticed that:

  • Big data and PFM got married...And,had a little MoneyDesktop. Money Desktop, the best in show winner, debuted their Insight and Target platforms—providing financial institutions the ability to create and send targeted marketing content and product offerings based on customer relevancy.
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Categories:

  • Digital Banking
  • Online banking
  • Personal Financial Management
  • digital financial innovation
  • mobile authentication
  • mobile banking
  • mobile payments
  • online help

Google Glass -- What eBusiness Professionals Need To Know -- This Early

Posted by Julie Ask on May 20, 2013

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Google Glass owners were in the minority last week at Google I/O 2013, but I still felt left out not having a pair. I was one of the “have-nots” this past week. It’s still very early days for Google Glass, but there is enough insight into the potential for eBusiness professionals to begin thinking about the possibilities. Some may argue that Google Glass is a fantasy product at $1,500 that will never take off, but a lot of people doubted the tablet and iPad as well. In any case, it's safe to assume that more and more devices will have interactive, connected displays. These displays may be flexible — they may be a wristwatch. The same thinking around highly contextual information delivered in small bits still applies. 

First session on Google Glass development was oversold, so to speak. There was standing room only with at least one overflow room. Intense. I was also fortunate to attend a women’s maker event the evening before with Jean Wang (see video of event and Jean story). She shared the history of the devices.

 

I’m sitting in the “Fireside Chat” session as I type this blog post. I can literally feel the temperature rising as the bodies crowd in. It’s 15 minutes before the start . . . and they are already turning people away. It’s intense, like trying to get into Iron Man 3 on the opening weekend. There can’t possibly be a product attracting more attention right now.

Vision for Google Glass: “Technology is there when you need it. It’s not when you don’t.”

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Top questions for Yahoo about its Tumblr acquisition

Posted by Zachary Reiss-Davis on May 20, 2013

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Now that Yahoo has announced its acquisition of Tumblr for $1.1 billion in cash — about a quarter of its cash reserves — the top three questions I see are:

  • How will Yahoo manage to retain, and grow, the Tumblr user base while monetizing it? Today, Tumblr is quite unprofitable, and its lack of advertising is one of the many attributes that have made it popular. Yahoo has a very difficult balancing act ahead: It has to keep Tumblr's current active user base passionately engaged and spending time on the site, while also finding a way to add advertising and other revenue sources. Marissa Mayer, Yahoo’s CEO, stated the ads will be “very light” and “really fit users’ expectations”; however, Ken Goldman, Yahoo’s CFO, added that Tumblr should "materially contribute to revenues" in 2014 and beyond. If users do not stay with the service, they will have bought a ghost town. 
  • Can the Tumblr user base be the next influx of loyal Yahoo users? Yahoo still has a massive user base, with at least 200 million users of Mail alone, and a passionate audience on Flickr. However, it is seeking its next core audience, and Tumblr users could fit the bill.  This is a similar challenge to Facebook's motivation for acquiring Instagram, however Facebook has so far held off on adding advertising to the Instagram platform. 
  • How will Tumblr fit into Yahoo’s existing product portfolio? Yahoo has announced it plans to keep Tumblr independent, leaving both its brand and management intact. However, over time, there will be pressure to integrate it more and more tightly with other Yahoo properties. Will existing Yahoo products gain some of Tumblr’s social DNA, or will Tumblr lose some of what makes it unique?
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Q&A With David Shapiro, VP Of Member Experience For Medicare And Retirement, UnitedHealth Group

Posted by Harley Manning on May 20, 2013

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There is a staggering amount of customer experience work going on in the healthcare industry these days. From providers (the docs), to pharma companies and payers (health insurers), everyone is trying to figure out what to do and how to do it.

One guy who’s figured out a lot is David Shapiro, who wowed members of Forrester’s Customer Experience Council last year with a presentation of how UnitedHealth Group uses journey maps to transform experiences. David is the vice president of member experience for Medicare and retirement at UnitedHealth, and he's one of the speakers at Forrester's Forum For Customer Experience Professionals East on June 25th and 26th in New York.

In advance of his speech, we put some questions to David about the evolution of customer experience at his organization.

David Shapiro

Q. When did your company first begin focusing on customer experience? Why?

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Categories:

  • Customer Experience
  • Customer Experience Forum
  • Healthcare
  • Outside In

Want To Know Your Secret Brand Building Weapon? Sshh, It’s Your Employees.

Posted by Tracy Stokes on May 20, 2013

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There’s a lot of effort exerted by marketing leaders to turn customers into brand advocates. But their customers have a lot of brand choices and a lot of other things on their minds. What these marketers are overlooking is the potential brand advocates in their own backyard. Their employees. Employees are fundamentally connected to, thinking about, and representing your brand every day. They are often your biggest fans.

Indeed, our research shows that one of the biggest shifts of brand building in the 21st century is that — for leading brands — it is now a companywide effort. A unanimous 100% of marketing leaders surveyed by Forrester agreed that brand building requires all employees to be brand ambassadors. But the companies they lead are not yet living up to this aspiration. While many marketers’ eyes light up at the prospect of tapping in to their employees' Twitter networks, just focusing on social is missing the point. Yes, social is a valuable tool to create conversation. But true employee brand advocacy requires chief marketing officers (CMOs) to go deeper. They need to make delivering a superior brand experience part of the enterprise culture. Brand advocacy can’t be another task on someone’s to-do list. Make brand building part of how employees do their job and guide them by the light of a clear brand North Star so that your powerful new army marches to the same drumbeat. Forrester’s three-step framework guides the way:

  • Excite with an inspiring brand experience. A PowerPoint presentation at the company meeting just won’t cut it. Bring the brand to life for your employees. Starbucks invested a staggering $35 million to create an interactive brand lab to bring the brand experience to life for its frontline employees. 
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Categories:

  • 21st century brand marketing playbook
  • Brand Experience
  • brand advocacy
  • brand advocates
  • brand ambassadors
  • brand building
  • organization
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