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The Future of Marketing
The Future of Marketing
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The Future of Marketing

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(2.12.2017) BFBM စီးပြားေရးဆိုင္ရာ အခမဲ့ေဟာေျပာပြဲတြင္ ဆရာႀကီး ပါေမာကၡ ေဒါက္တာေအာင္ထြန္းသက္ ေဟာေျပာခဲ့သည့္ Presentation File

(2.12.2017) BFBM စီးပြားေရးဆိုင္ရာ အခမဲ့ေဟာေျပာပြဲတြင္ ဆရာႀကီး ပါေမာကၡ ေဒါက္တာေအာင္ထြန္းသက္ ေဟာေျပာခဲ့သည့္ Presentation File

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The Future of Marketing

  1. 1. FUTURE OF MARKETING Prof.Dr.AungTunThet
  2. 2. Marketing • Re-position strategic role • Drive above-market growth • Deep knowledge of customer
  3. 3. Marketing • Five things same as context changed • Two things different
  4. 4. 1. Understanding Customer • Everything including decision and experience journeys • Deliver at every touch-point • Build trusting relationship so customers advocate for brand
  5. 5. 2. Value Proposition • Companies build innovation engine to continually improve as competitive environment changes • Broaden thinking to innovate business model
  6. 6. 3. Science • Big Data • Neuro-marketing
  7. 7. 4. Art • Focus on platform ideas • Work in any media • Amplified by customer
  8. 8. 5. Trust • Foundational • Business practices transparent • Live values
  9. 9. Two Things Different 1. Real time • Customers move in the moment • Budgets quarterly and annually • Different ways of working to react and move in real time with customer
  10. 10. Two Things Different 2. Personalized • Digitization of customer decision journey • Easier for people to research and buy different products
  11. 11. Two Things Different 2. Personalized • Unprecedented degree of insight into what people really want • Creating relevant communications, truly personal connections, and messages • Convey brand’s value that differentiate excellence
  12. 12. Marketing • Understand customer • Design differentiated offering that communicate brand’s unique value • Deliver above-market growth
  13. 13. Marketing • Strategic function • Build influence as strategic partners • Develop more customer-centric organization
  14. 14. Marketing • Define “value proposition” • What it means for every interaction with customer • What every function needs to do • How they can do it • What metrics need to be in place
  15. 15. Marketing • Address fear and role in inhibiting innovation • Language use change • Experiment, iterate, and learn
  16. 16. DISCOVER, DESIGN, DELIVER: 3D MARKETING
  17. 17. Growth • Excellent capabilities must • Not enough
  18. 18. Companies • Excellent capabilities around three “Ds” 1. Using data to discover insights 2. “Translating” insights into design of products, strategies, or services 3. Deliver them effectively to marketplace
  19. 19. Finding growth • Tapping new markets (i.e. products, segments, geographies) • Digging into data • Create “opportunity map” • Discover superior insights into customers • Design great products and offers • Deliver to market flawlessly
  20. 20. Building 3 Ds: Discovery Design Delivery • Companies excel in three areas
  21. 21. Discovery • Pull relevant data sets • Analyze at high speed • Turning into relevant business insights • Deliver those insights to decision makers • Thorough understanding of customer decision journey
  22. 22. Discovery • Excellence in: • Advanced Analytics • Consumer Decision Journey Analysis • Connecting data to organization
  23. 23. Design • Creation of business strategies, processes, pricing programs, products, and experiences • Learning what customers care about, how they truly behave, what their needs are, and what influences them
  24. 24. Design • Learn what is and is not working • Innovate new solutions • Assess economics and feasibility • Implement
  25. 25. Design • Excellence in: • Strategy • Branding • Performance Management
  26. 26. Delivery • Getting right offerings to individual customers across complex of online and offline channels • Orchestrate delivery of products and offers across marketing and sales channels
  27. 27. Delivery • Excellence in: • Multichannel customer experience • Sales
  28. 28. Connecting 3 Ds • Equal emphasis on individual and team excellence • Break away from “capability excellence” mindset • Focus on developing “throughput excellence”
  29. 29. Concrete Steps • Find weak links • Ensure data-analysis have frontline members • Review key performance indicators (KPIs)
  30. 30. Effective 3D Marketing • Link analyses and decisions to frontline realities • Frontline understand logic behind decisions
  31. 31. TRENDS DRIVING FUTURE OF MARKETING
  32. 32. Marketers • Constantly look into the future • Trying to predict next big trend
  33. 33. Top 10 Trends 1. Mobile center of marketing 2. Transparency dictate brand- customer relationships 3. Need for good content will not slow down 4. User-generated content new hit 5. Social next Internet
  34. 34. Top 10 Trends 6. Brands own audience 7. Brands solely-focused on Millennials go out of relevance 8. Good brands behave like product companies and not like service companies 9. Personalized, data-driven marketing become more refined 10.More accurate metrics will surface
  35. 35. FUTURE OF MARKETING: MARKETING AS SERVICE
  36. 36. Marketing as Service • Not only targeting your audience • Taking right next step for them
  37. 37. Marketers • Create inner-operability between your product and other products so experience seamless • Historically about brand and its product
  38. 38. Airlines • “Product” when consumer steps on plane, when they sit down and when they land • Once consumer off the plane • Job done • Not enough
  39. 39. Airlines • Move beyond initial product • Service about entire customer journey – taxi ordered to get to airport, food in the terminal and when they’re on the plane • Partner with other companies to make experiences seamless • ‘Connecting the dots’
  40. 40. Marketing as service • Invest in cross-device consumer ID • Talk about customer experiences when designing. • Create cross-agency functional teams • Don’t call it innovation!
  41. 41. THANK YOU!

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