embracing the change: how brands must evolve to stay relevant
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Embracing The ChangeDean Logan | 09.27.16#TMCtonightHow Brands Must Evolve To Stay Relevant
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This was the days before Toys R Us and WalMart. You got Thornybucks with purchases and you got to pull a toy out of the toy box on your birthday. Saturday morning TV show kids would compete in games for T-bucks.
Social Media! Before there was such a thing as Social Media.3
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Mechanical monkey on top riding a Schwinn bike. Wide, wide aisles. Carpet that was always clean. Raving Fan
Pure magic to a child.4
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A toy that breaks easily or does not hold the childs interest is very expensive regardless of the price you pay for it.
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Brand
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The emotion a person feels whenThey see or hear your company name
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Brand lives in themind and heart ofthe consumer
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Traditional definition of Branding = ADS tactics, expressions of the brand to designed to create that emotion10
Its not enough
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So. All cool. All incredibly progressive and thought-provoking.
But what was the core thing at SXSW that has any bearing on ALPHA?
Its that new technologies and existing ones are rapidly going to start Changing The Face of Retail which leads me to a part I call
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Really affecting retail.
Right now, today, were in an era where the Big Boxes are desperately looking for ways to reinvent themselves.12
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They have to. Remember these guys?
And maybe its just me but if I were a retailer I might skip red as a corporate color.13
Why?
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So. All cool. All incredibly progressive and thought-provoking.
But what was the core thing at SXSW that has any bearing on ALPHA?
Its that new technologies and existing ones are rapidly going to start Changing The Face of Retail which leads me to a part I call
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@Deano1739#TMCtonightSCIENCE!
Or more to the point, technology.
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Were all runningaround with these.
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Phone? Yes but more importantly a portable computer capable of so much stuff I doubt anyone in here is using 100% of the capability of theirs.17
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Phone? Yes but more importantly a portable computer capable of so much stuff I doubt anyone in here is using 100% of the capability of theirs.
I dont. Plus how often do you really call anyone on these things anymore?18
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Youve probably seen this video
Its from 2011 was from Jean-Louis Constanza, CEO at Orange: a French telecom.
The girl is one year old.
My own kids (tell the story)19
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There has caused also caused a huge shift in the human condition.
We are the most brand/marketing savvy generation that has ever lived. We are hyper-aware of companies that try to manipulate us.20
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Brands can try all they want with the traditional tactics anymore.21
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Brands have to deliver somethinggreater
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experiences
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> 1-on-1 emotional connections> suggest + enable vs. push + sell> genuine acts of empathy
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@Deano1739#TMCtonightBrands must nowshow empathy totheir customers
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@Deano1739#TMCtonightSincere
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One, single shared experience can reach the eyes and ears of thousands in a matter of days
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It goes The Viral
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Skills
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The undisputed Jedi masters of retail experience
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A staggering $4,798.82 in sales per square foot on annualized basis at the end of 2014
Some perspective. That compares to $4,551 earlier in 2014 and well ahead of Apples closest rival on this front, luxury jeweler Tiffany & Co33
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And its not only the inside of stores that are changing. Display windows are becoming an entirely reinvented channel for marketing products.
Addidas has given the term window shopping an entirely new meaning.36
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And then theres pure joy.
No hard sell. No cutting edge technology. No Minority Report.
Just fun using existing technology in new and unexpected ways.
Look at these Christmas store windows for Cartier NYC.37
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Quite possible the biggest, most expensive experiment in customer experience.42
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Quite possible the biggest, most expensive experiment in customer experience.43
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Quite possible the biggest, most expensive experiment in customer experience ONE BILLION DOLLARS44
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Quite possible the biggest, most expensive experiment in customer experience.45
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The packaging itself is a sensory experience that reinforces the brand.
Apple has a team of designers who only focus on and develop its packaging.48
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The result?49
What can brands do?
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Youve got to start with customerexperience and work back towardthe technologySTEVE JOBS
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Without defining experiences,brands will become victim towhatever people feel and shareBRIAN SOLIS
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The new currency of brands is dopamine
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Brands will live and die by the experience they give their customers.53
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FIND THE SOMETHING EXTRA54
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DELIVER THE UNEXPECTED55
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IT DOESNT HAVE TO BE TECH56
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CHILDHOOD MEMORIES = SAME PART OF BRAIN AS AN ADULT57
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The days of delivering this and getting by are over.
Brands have to move past simply delivering this58
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And deliver this.59
Thank you@Deano1739 | [email protected] | #TMCtonight
Presentation available on Slideshare
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