There's a new consumer,... who is challenging the marketing function. In this presentation I identify 9 such challenges around three key phases (planning, doing, organizing), and how can "new" marketers respond to this challenge
2. “It’s hard to say exactly what has driven the shift -
perhaps it is our connected lives, or our abundance
of choice, or the ability to get what we want when
we want it. But anyway you explore the trend, a new
consumer is emerging: the Empowered Consumer”
Steven Rosenbaum
10. CHALLENGE #2: audiences vs. consumers
be part of
the
conversa-
tion*
generate
the
conversa-
tion
*25% of content that appears in web searches for specific brand names is
generated by consumers
15. CHALLENGE #2: audiences vs. consumers
be part of
the
conversa-
tion
generate
the
conversa-
tion
49. CHALLENGE #2: understanding new metrics
Source: Hoffman and
Fodor, Can You Measure
the ROI of Social Media
Marketing?, MIT Sloan
Management Review,
2010
66. transactional
customers
consultative
customers
Know what they want
You: commodity
Don’t want to meet
Cost focus
Criteria: price &
convenience
Have a problem
Value your time
Want meetings
Advice focus
Criteria: expertise
& trust
type of products / clients / salespeople
$
Source: Neil Rackham, To increase sales change the way you sell, IESE Insight 2014