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		<title>Facebook Bashing</title>
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		<dc:creator><![CDATA[Paul]]></dc:creator>
		<pubDate>Tue, 28 Aug 2012 08:49:24 +0000</pubDate>
				<category><![CDATA[Branding & Strategy]]></category>
		<category><![CDATA[Achievements]]></category>
		<category><![CDATA[advertising on the internet]]></category>
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		<guid isPermaLink="false">http://blog.renaud-investments.ro/?p=344</guid>

					<description><![CDATA[<p>Brand building with Facebook? On a recent trip to Canada, a former boss and mentor (In fact to think about it…a lot of my former bosses are now friends and... </p>
<p class="more"><a class="more-link" href="https://www.paul-renaud.com/facebook-bashing/">Read More</a></p>
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]]></description>
										<content:encoded><![CDATA[<p><strong>Brand building with Facebook?</strong></p>
<p>On a recent trip to Canada, a former boss and mentor (In fact to think about it…a lot of my former bosses are now friends and mentors!) shared this article with me which is really an interesting article about Brand building on the web, Facebook’s latest performance and companies like GM dropping Facebook. I mean c’mon now…GM dropping FB! Is this the beginning of a new trend? Is this the beginning of ‘Facebook bashing’?</p>
<p>Typically I would attach the link and wish you ‘good reading’ but this time with this article I thought maybe you‘d like to go through the same experience I did.</p>
<p>The fellow, Robert V. Green is writing about Marketing. So in order to make this interesting (no peeking) while you read this article, think about these questions:<br />
<strong>1)</strong> Is this fellow a marketer? Either MBA or perhaps a Marketing prof? Perhaps he’s a CMO for a large multinational?<br />
<strong>2)</strong> Do you agree with his belief on FB?<br />
<strong>3)</strong> I would like to see attendees ask this question to our lineup of Marketing heavyweights at Leaders in Marketing in Bucharest, Romania on Oct 18, 2012. (http://leadersinmarketing.ro/). In fact, as moderator I intend to make this a topic of debate in one of our panels.</p>
<p><em>Hint</em>: At the end of the article I will reveal what Robert V. Green does for a living.</p>
<p>In the meantime enjoy the article like I did. It’s a bit long yet thought provoking for anyone who considers him/herself a Marketing Pro.</p>
<p><strong>Ahead of the Curve</strong></p>
<p>Updated: 02-Aug-12 09:49 ET</p>
<p><strong>Facebook and the Great Internet Advertising Dream</strong></p>
<p>The collapse of Facebook since its IPO is generally being attributed to shares being overpriced originally. However, there may also be other reasons. Is there perhaps an extreme oversupply of advertising space, not just on the Internet, but in the media in general? How much advertising can we really absorb as consumers? Is Internet advertising even effective? Here are some thoughts, and how it applies to Facebook.</p>
<p><strong>Advertising on the Internet – The Great Promise </strong></p>
<p>Advertisers have always sought to direct their message to precisely the persons most likely to absorb the message and be motivated by it.<br />
This concept is called targeting, which means that information about the type of person who is likely to see the message is known to the advertiser. The more accurate and more detailed the information about the user can be, the more effective the advertisement can be, presumably.<br />
The great promise of the Internet, since the very early days, has been the idea that advertisers could accurately target their message to the user. The pursuit of this dream has been the foundation of many a startup company.<br />
After all, the Internet is the greatest spying tool ever invented for advertisers. By tracking a user’s actions on the web, a detailed profile of the user can be created.<br />
Television show audiences are measured by surveys of individual users that are extrapolated to a larger audience. The content of the show and the ratings metrics are then used to create a demographic profile of the entire viewing audience. This has always involved an element of uncertainty, which the Internet has promised to remove.<br />
To date, the company that has done the best job of fulfilling this dream of the Internet as supreme advertising vehicle has been Facebook.<br />
But is this dream actually real?</p>
<p><strong>How Facebook Targets Advertising</strong></p>
<p>Targeting an audience has always been important, even before the Internet.<br />
The key elements for targeting an audience know the particular demographics of that audience, from which the likelihood of an ad being effective can be estimated.<br />
DoubleClick was the first company to truly begin to target individual users by developing a detailed profile.<br />
DoubleClick did this by tracking the surfing history of a user, recording each visit to a page where a DoubleClick ad was displayed. The ad is drawn from the DoubleClick database, but the database also records the unique ID of the user (stored in a cookie) and tracks the user over time.<br />
DoubleClick’s value proposition was that improved targeting could be provided by the detailed profile created by a history of surfing. Using this profile, an ad most likely to appeal to that user could be displayed.<br />
This value proposition was so strong that Google bought the company in 2007 for $3.1 billion.<br />
DoubleClick’s value proposition was eclipsed by Facebook, however, as Facebook promised an even more detailed and more accurate profile.<br />
This profile is created in part by the user themselves, as data such as birth date, education history, geographic location, and much more is actually given up freely by the Facebook user.<br />
Furthermore, since the “like” button can be placed on other web sites, or persons can sign in to other sites with their Facebook profile, Facebook promises an even more precise profile than DoubleClick can create, since the user themselves has defined the details of their interests.<br />
Add to this the incredible number of users that Facebook has been able to sign up – almost one-quarter of the adult persons on earth – and it seems like Facebook has finally cracked the problems faced by all advertisers.<br />
At least, that is certainly what the advertisers buying space on Facebook believe, or are led to believe.<br />
Does it actually work, though? Or is the Facebook promise more of an illusory dream of perfect advertising?<br />
To answer this, it is first important to consider the various types of advertising.</p>
<p><strong>The Types of Advertising</strong></p>
<p>Historically, there have been three main types of advertising:<br />
• Name recognition<br />
• Sales generating<br />
• Brand building</p>
<p>The Internet has created a fourth type, which can be called “traffic generation.”<br />
Name recognition is simply the idea that the advertiser&#8217;s name becomes common and accepted in the potential customers perception of the everyday world. Little, if anything, is conveyed about the product, service, or company except the name.<br />
Companies that purchase the naming rights for stadiums, for example, are not able to communicate anything about their product or service except for the idea that they are large enough to spend millions of dollars annually simply to place their name on the team’s stadium.<br />
Name recognition is the least effective of all advertising in terms of generating revenue for the advertising purchaser. It is very difficult to measure the effectiveness of name recognition advertising.<br />
Sales generating advertising is a very specifically targeted message that is intended to generate immediate revenue. Coupons are the most obvious example, although media advertising promoting lower prices or promotional financing rates are also in this category.<br />
Sales generation advertising is generally easily measured, as the promotions usually have expiration dates and revenue during the sales promotion period can be compared to those before and after the promotion.<br />
Brand building advertising is the most powerful form of advertising, although measuring the impact in precise metrics is difficult. Nevertheless, this type of advertising is considered the best-spent<br />
Brand building advertising, however, requires the “telling of a story.”</p>
<p><strong>Brand Building Advertising</strong></p>
<p>This type of approach generally uses a story, of whatever level of detail, to communicate a particular feeling. This feeling is then associated with the product or company, sometimes by no more than displaying the brand name at the conclusion of the story.<br />
The best example of this type of brand advertisement is Budweiser beer, particularly the advertisements developed for the Super Bowl. These ads usually tell a short, humorous story that either provokes laughter or warm-hearted empathy. The story is then associated with Budweiser simply by displaying the brand name at the end of the ad.<br />
Although some of Budweiser’s ads include the beer within the context of the story, it is very rare for the ads to make any type of statement about the features or qualities of the beer itself.<br />
It is enough to simply associate the good feeling created within the viewer with the brand name. The hope is that this same feeling is then regenerated in the viewer at the moment of decision at the liquor store, either consciously or unconsciously. The purchase decision then revives the good feeling created by the ad’s story, resulting in sales.<br />
This is the core concept of brand advertising: the telling of a story that evokes a certain emotion that is then associated with the product, service, or company.<br />
The effectiveness of brand advertising is difficult to measure, except by comparing regional sales with and without a particular ad campaign. However, most companies choose to purchase brand advertising when they can afford it, particularly if overall revenues have been, and continue to, rise.<br />
Perhaps the purchase of quality brand building ads makes the advertising companies feel good about themselves as well, just as it is intended to make potential customers feel good about themselves.</p>
<p><strong>Advertising on the Internet </strong></p>
<p>Brand building advertising&#8217;s greatest media vehicle has historically been television.<br />
On the Internet, however, we would argue that no one has – at least, not yet – created a meaningful vehicle for true brand building advertisements.<br />
In fact, the bulk of Internet advertising since the beginning of the world-wide-web in 1994 has been banner ads, which are primarily either name recognition or sale generation advertisements. In recent years, the development of traffic generation ads has become important, but the difference between traffic generation and name recognition is blurry.<br />
Measuring the effectiveness of banner ads has been much easier than other types of advertising, however, as the user’s reaction to ads can be instantly tracked and measured.<br />
This measurement, over time, has led to the now-common practice of extremely low prices for banner ad placement, with a much larger payment made for a “click-through” &#8212; which means that the user has intentionally seen and reacted to the ad (unless the click-through was accidental).<br />
The Internet has developed its own type of advertising category, which can be called “traffic generation.” This category is intended to guide a user to a particular web site where that site can make its own value proposition without having to pay someone else for displaying the message.<br />
The greatest seller of traffic generation ads has been Google, who sells advertisements based upon the information typed in as a search string by the user. The purchaser of the ad intends to steer that potential user directly to their site as a result of the prominent placement of the ad in the search results.<br />
The market for this type of traffic generation ad has been so strong that Google can actually price the ad’s placement in accordance to how prominent it appears on the page. Higher placement in the list of returned links costs more than placement of the ad’s link on the side of the search results.</p>
<p><strong>No Brand Building Advertisement Vehicles on the Web </strong></p>
<p>Almost the entire amount of advertising displayed on the Internet since 1994 has been in the traffic generation, sales generation, or name recognition category.<br />
We would argue that there has been almost no brand building advertising on the Internet, at least in a historical sense.<br />
Why?<br />
It is simply difficult to “tell a story” in the current incarnation of the wide world web.<br />
The only real attempts at this have been short ads that precede a video that the user has requested, such as are now appearing on YouTube and other video-based information sites.<br />
However, in almost all cases, the user has the option to “opt-out” of the ad after a short time period. We are curious how many users do this. Certainly it could be easily measured, but we have seen little public information about this practice.<br />
Perhaps the absence of data on this practice is telling in itself.</p>
<p><strong>Where This Leaves Us</strong></p>
<p>The Internet, therefore, is primarily a vehicle for the least effective types of advertising: name recognition, traffic generation, and sales generation.<br />
Even though Facebook has done the best job of creating a detailed profile of users for advertisers, they still haven’t created a meaningful vehicle for brand building advertising.<br />
Furthermore, the continual creation of new websites whose business model is advertising has led to an almost incredible overcapacity of advertising sites.<br />
We wonder if venture capitalists have any interest in supporting a new Internet startup whose business model is based upon banner advertising. We would not be surprised if they didn’t.<br />
After all, the total advertising budget of all advertisers put together isn’t growing. When the potential supply for placing ads increases, it simply reduces the prices that websites can command for advertisements, particularly banner ads, which fall in the least valuable category of all advertising.<br />
Perhaps now is the time for some young entrepreneur to start pitching the “I’ve solved the brand building advertising problem on the web” idea to venture capitalists (whether they actually have solved it or not).</p>
<p><strong>GM’s Dropping of Facebook </strong></p>
<p>Perhaps the greatest clue in how the industry is viewing Facebook and Internet advertising in general was the announcement by GM, just weeks prior to Facebook’s IPO, that they were canceling all ads on Facebook.<br />
GM simply discovered that Facebook ads just weren’t selling cars.<br />
And since Facebook has no vehicle for creating brand building advertisements, GM found no reason to purchase ads on Facebook.<br />
We think that the primary impact of GM’s decision was to prompt other advertisers to start asking the exact same question about their own advertising budgets.<br />
We suspect most people who buy ads on Facebook also buy ads elsewhere, probably in other mediums as well, such as magazines and television.<br />
How many of those advertisers bought ads on Facebook simply because it was the latest fulfillment of the advertisers dream?<br />
How many of those advertisers have actually started to examine the effectiveness of those Facebook ads, as General Motors did?<br />
We wonder.<br />
Certainly if they haven’t yet done so, they will eventually. No business entity makes ineffective purchase decisions forever, although many certainly do for short periods of time.</p>
<p><strong>Conclusions </strong></p>
<p>The decline of Facebook stock’s value since its IPO is being attributed to the IPO being overpriced and oversold to poorly informed retail investors. Those investors associated Facebook’s explosive growth with a near-certainty of future revenue growth, and value.<br />
We have begun to wonder if the decline in Facebook’s value is instead associated with an increasingly prevalent re-evaluation of advertising on the web in general.<br />
Certainly, GM’s decision to stop purchasing advertising on Facebook had nothing to do with Facebook’s IPO pricing. It was simply an informed advertiser’s assessment of Facebook’s effectiveness.<br />
We think that the decline in Facebook stock has as a lot to do with a widening reassessment of the value of Internet advertising in general and, in particular, the absence of true brand building advertising on Facebook.<br />
If such a reassessment leads advertisers to view Facebook as other than the fulfillment of the ultimate advertisers dream, and instead to view Facebook as yet another Internet promise that just didn’t last, then Facebook stock probably is likely to drop much more over time.</p>
<p><strong>Facebook (FB)</strong> August 2, 2012: $20.37 -0.51 (-2.4%)<br />
Comments may be emailed to the author, Robert V. Green, at aheadofthecurve@briefing.com</p>
<p><strong>Answer: </strong><em>Robert V. Green is a Senior Investment Strategist for Briefing.com (http://www.briefing.com/corporate/our-experts.htm), not a Marketing expert!<br />
Paul Renaud</em></p>
<p>The post <a href="https://www.paul-renaud.com/facebook-bashing/">Facebook Bashing</a> appeared first on <a href="https://www.paul-renaud.com"></a>.</p>
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		<title>Dealing with apathy: How Branding can unleash the SuperHero in all of us!</title>
		<link>https://www.paul-renaud.com/dealing-with-apathy-how-branding-can-instill-a-killer-instinct/</link>
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		<dc:creator><![CDATA[Paul]]></dc:creator>
		<pubDate>Mon, 19 Mar 2012 11:16:37 +0000</pubDate>
				<category><![CDATA[Branding & Strategy]]></category>
		<category><![CDATA[Achievements]]></category>
		<category><![CDATA[Attitude]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[customer care]]></category>
		<category><![CDATA[customer experience]]></category>
		<category><![CDATA[experience]]></category>
		<category><![CDATA[Inter Personal Skills]]></category>
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		<guid isPermaLink="false">http://blog.renaud-investments.ro/?p=221</guid>

					<description><![CDATA[<p>Customer complaints are vital. It tells us how we are doing and it gives us the opportunity to solve problems. Customers that raise complaints want immediate results but at the... </p>
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<p>The post <a href="https://www.paul-renaud.com/dealing-with-apathy-how-branding-can-instill-a-killer-instinct/">Dealing with apathy: How Branding can unleash the SuperHero in all of us!</a> appeared first on <a href="https://www.paul-renaud.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Customer complaints are vital. It tells us how we are doing and it gives us the opportunity to solve problems.<br />
Customers that raise complaints want immediate results but at the same time, are giving us the chance to show that we are worthy of getting their business. When customers stop complaining, this is sign that customers have given up on us.</p>
<p>In fact do you know what is worse than a customer complaining?<br />
A customer that does not complain (…and walks).</p>
<p>We hear the cliché that ‘Customers comes first’ or ‘The customer is number one’ but those clichés remain clichés unless the brand has the ability to deliver SOUL in our day-to-day transactions.</p>
<p>In simple terms, the Soul is what the brand represents…it’s the <strong>promise <em>delivered</em></strong> every day. This is what a Marketing leader must convey  but at times when it comes to frontline staff  talking or meeting customers that ‘fire in the belly’ or that brand soul may not come across loud and clear when its desperately needed. This is an area where Branding can help.</p>
<p>Let me give you an example (yes banking).</p>
<p>I deal with a bank that it based in a country that has received a lot of attention lately. The staff are great helpful and courteous. So far, so good.</p>
<p>4 years ago my debit card had to be renewed and the bank rep told me that I needed to wait for my new card. After 1 week I called and they told me  ‘nope not ready  yet’- pretty impractical since if I wanted money, I needed to go in person in a branch  to get cash ( when was the last time you did that?).<br />
After another week – same answer and they could not tell me. Well this went on for total of 6 weeks when the paperwork or ‘form’ was lost or whatever (remember, I’m a customer – I really don’t care of the reason) I finally get my card.</p>
<p>In my next meeting with the Branch manager I tell him ‘Catalin, you’ve got great people at this bank but unfortunately your <strong>processes suck</strong>&#8230;’ I was sincere. How is it possible that a client has to wait 6 weeks to get a renewed card?’</p>
<p>Fast forward 4 years now. Same bank!</p>
<p>They called up my friend who recently traveled to Dubai and told her that because of recent fraud issues in Dubai, they strongly recommended to her to cancel her card and to get another one. That’s pretty progressive right? A bank calling you to deter potential fraud.<br />
My friend agreed and also agreed to go to a nearest branch to fill out a form to get her card renewed.<br />
At this point I started to worry!</p>
<p>It took 5 weeks to get a renewed card after multiple calls &#8211; probably for the same reason…again we don’t care about the reasons &#8211;  we’re  the customer.<br />
When we went to a branch in Baneasa mall and spoke to a bright looking fellow and my friend told him the story about the card. Then I added then . ‘Yep in my case 4 years ago I had to wait 6 weeks.’<br />
We were pretty cool and not upset by this point.<br />
His reaction?  ‘Humm’ is what he said, his head nodded, then went back to filling the form.</p>
<p>Not <em>‘well we’re really sorry about this’</em>…<br />
Not <em>‘well let me look into this&#8230;this is unacceptable to make customers wait 5-6 weeks to get card’</em>…<br />
Not <em>‘I will look into this and get back to you’ or…at the minimum…’I will report this to our customer care team and I will ensure that someone calls you to give you an update/explanation. I will personally follow up with our customer care department to make sure someone gets back to you’</em><br />
In other words…Initiative, attention to the customer and a bit of empathy (not apathy).</p>
<p>Ok you’re going to tell me Paul this is a customer care issue and the bank probably needs to take care of its customer care policy or this your fellow was not properly trained or worse… this is Romania. <strong>NOT!</strong></p>
<p>I don’t agree. Before that fellow gets on the phone and follows Customer care procedures, he needs <strong>to WANT to</strong> get on the phone and put out this fire! Training is important but you can’t train people to HAVE the initiative. This has to come from the soul; the soul is what the brand is all about.<br />
In other words are people going to kill themselves to solve this problem? If so, THAT  my friend is  brand loyalty and  brand affinity.</p>
<p>I had the pleasure of working for brands that I wanted to kill myself for those brands; I wanted to please my customer and I wanted to make a difference.</p>
<p>Why? Well because <strong>I felt part</strong> of the brand. When I showed people my business card I was proud that I worked for Bell Mobility, Connex or Orange. It was a cool place to work; we were going to ‘invade the nation’ with this brand and unbeknownst to me, the Marketing leaders at the time (Tim McChesney, Aneta Bogdan and Paul Phillips in this order) had managed to instill  that sense of pride, joy and the SOUL that made me wake up every morning and do the best for our  brand!</p>
<p>A little naive?<br />
Want more proof?<br />
I challenge you to listen to any interview of an Apple employee that was involved in the IPod, IPhone or IPad. Look at how their face lights up when they explain how much they were part of the Apple development team. Of course Steve Jobs made this an amazing place to work but Apple employees are passionate. We don’t all work for Apple but the same unbridled enthusiasm is possible for you, the Marketing Leader to instill regardless if you sell paints, pharmaceuticals or yogurt.<br />
The brand makes it happen.</p>
<p>Follow my next post as I describe areas where as a Marketing Leader, you can unleash this SOUL so that your team members actually enjoy killing themselves for the brand.</p>
<p>The post <a href="https://www.paul-renaud.com/dealing-with-apathy-how-branding-can-instill-a-killer-instinct/">Dealing with apathy: How Branding can unleash the SuperHero in all of us!</a> appeared first on <a href="https://www.paul-renaud.com"></a>.</p>
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		<title>Customer Experience &#8211; are we ‘In Synch’?</title>
		<link>https://www.paul-renaud.com/customer-experience-are-we-%e2%80%98in-synch%e2%80%99/</link>
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		<dc:creator><![CDATA[Paul]]></dc:creator>
		<pubDate>Sun, 19 Feb 2012 20:14:30 +0000</pubDate>
				<category><![CDATA[Branding & Strategy]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[customer experience]]></category>
		<category><![CDATA[Direct marketing]]></category>
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		<guid isPermaLink="false">http://blog.renaud-investments.ro/?p=202</guid>

					<description><![CDATA[<p>I am always astonished when I see a respectable, consistent integrated media campaign-be it with classical media (TV, print or radio) or online only to see the ‘wheels falling off... </p>
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<p>The post <a href="https://www.paul-renaud.com/customer-experience-are-we-%e2%80%98in-synch%e2%80%99/">Customer Experience &#8211; are we ‘In Synch’?</a> appeared first on <a href="https://www.paul-renaud.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>I am always astonished when I see a respectable, consistent integrated media campaign-be it with classical media (TV, print or radio) or online only to see the ‘wheels falling off the cart’ when it comes to a <strong>‘Moment of Truth ‘</strong>. It almost seems like the left hand was not talking to the right hand in the company when it comes to the whole customer experience. In other words the customer facing departments are not In Synch or synchronized.</p>
<p>A moment of truth is that one magic moment where a company is evaluated &#8211; fairly or unfairly for the way its products perform, the way it interacts with the customer, the way it delivers its service or any instant that consumers come across a product/service.</p>
<p>I will always remember a speech given by Tom Peters (Passion for Excellence) where he was emphasizing a moment of truth by using a quote from an airline executive. The executive said ‘Tom, when passengers see a coffee stain on the tray table in front of them, they automatically assume that we have engine troubles.’<br />
A bit extreme but if you follow the logic from the passenger’s point of view, the passenger is thinking ’ Well if they can’t at least take the time to clean the coffee stain, I hope that they are taking the time to service the engines…?’</p>
<p>Another example of moment of truth is when a fellow Romanian steps out his car to help you push your car out of the snow during our last snow storms. You certainly did not expect it but it gave you a renewed reminder on how hospitable Romanians can be when things are not going well.</p>
<p>Here’s my example. Someone very dear to me received this sms for an outstanding balance on her bank card:</p>
<p><em>Cod IDclient XX8644YY: La 06/02/2012 suma datorata este 67.41 RON. Restantele se raporteaza Biroului de Credit.</em></p>
<p>In English the translation is: Client code: XX8644YY, as of 06/02/2012 you have an outstanding amount on your bank card (owed to the bank). Unpaid sums will be reported to the credit bureau.</p>
<p>Context: Yearly fees were accumulating on the card which had not been used for quite some time principally because my friend has other cards and her main banking was done with other banks.<br />
I assume that banks know that clients have multiple cards and accounts.</p>
<p>Assessment: First of all, total lack of politeness. No ‘Dear Mrs’…or ‘we would like to raise to you attention’…<br />
Second no explanation – we go straight to the credit bureau.<br />
Third: No warnings; this came ‘out of the blue’. No emails, no attempt to call and perhaps enquire as to why this was left unpaid or inactive. Perhaps there was some confusion; who knows what can happen when we call customers to get information or feedback!</p>
<p>I sound cynical (my Canadian heritage) but I am mostly disappointed as a marketer!<br />
This bank which will remain nameless spends a tremendous amount of money on Above the line (ATL) advertising in TV, Print and outdoor with 3 Romanian sport figures.</p>
<p>I mean the visuals are nice, creative, welcoming, and frequent and judging by how long these 3 celebrities have agreed to promote the bank, I assume that the campaigns are working. In fact my friend held on to the card (albeit inactive) for that <strong>very </strong>reason…it had a celebrity on the card. Now that is powerful Marketing. </p>
<p>Result:  My friend was upset with the message and she was not aware that the card had become inactive (I mean the last time I checked, we were all too busy to check to see how ‘active‘ we have been with some of our bank cards right!?). This whole matter was unbeknownst to her. She proceeded to call the bank and cancel the cards, rather…all cards, if this is how they treat customers. Ouch!</p>
<p>The solution:<br />
All touch points and customer facing departments have to be in unison, like a classical music symphony. They need to follow the same music, the same beat and the same song book. Product Managers and Marketing communications folks busy trying to get new customers need to be attentive what the customer care staff or retention/loyalty or collections teams are sending to the customer via SMS. This is inexcusable.</p>
<p>Don’t spend money by swaying customers with nice ads with powerful icons <strong>unless you as marketer have complete control of all touch point messages.</strong> We don’t expect Marketing to actually make collection calls however any message, let me repeat ANY message to customers has to be consistent with the brand and what you are conveying to the market.</p>
<p>All customers bring value even if their revenue seemed insignificant. The value they bring is how well they will refer you or speak about how they were treated by your company even if the relationship between your company and the customer had to end. Do it gently.</p>
<p>Your homework<br />
As the marketing leader emphasize upon your peers that interact in some way or another with customers such as Sales, customer care, retention/loyalty, collection, PR and operations that all messages to customers, have to be <u>consistent</u>. Get your team to collect all messages (‘canned’ or pre preprogrammed) that were sent to customers in the past and insist that all need to be reviewed by Marketing.</p>
<p>This may be a long laborious task but well worthwhile the time – you may uncover other ‘shockers’.</p>
<p>As the lead Marketer, make it a point to continuously communicate to all your peers that Marketing <strong>owns</strong> the messages to customers. By rallying your organization with this precious yet effective direction you will be on your way to ensuring that those moments of truth are <strong>fair</strong> ones.</p>
<p>The post <a href="https://www.paul-renaud.com/customer-experience-are-we-%e2%80%98in-synch%e2%80%99/">Customer Experience &#8211; are we ‘In Synch’?</a> appeared first on <a href="https://www.paul-renaud.com"></a>.</p>
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		<title>Can Romanian brands compete globally?  Just ask Inna!</title>
		<link>https://www.paul-renaud.com/can-romanian-brands-compete-globally-just-ask-inna/</link>
					<comments>https://www.paul-renaud.com/can-romanian-brands-compete-globally-just-ask-inna/#comments</comments>
		
		<dc:creator><![CDATA[Paul]]></dc:creator>
		<pubDate>Mon, 19 Dec 2011 22:17:18 +0000</pubDate>
				<category><![CDATA[Branding & Strategy]]></category>
		<category><![CDATA[Achievements]]></category>
		<category><![CDATA[Attitude]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[celebrity]]></category>
		<category><![CDATA[entertainment]]></category>
		<category><![CDATA[Inter Personal Skills]]></category>
		<category><![CDATA[Music industry]]></category>
		<category><![CDATA[Pride]]></category>
		<category><![CDATA[segment management]]></category>
		<category><![CDATA[segments]]></category>
		<category><![CDATA[stress]]></category>
		<category><![CDATA[success]]></category>
		<guid isPermaLink="false">http://blog.renaud-investments.ro/?p=134</guid>

					<description><![CDATA[<p>If you missed Zilele Biz I’d like to give you a summary of my presentation. Even if you were there, the stuff below serves as a good reminder for Marketers... </p>
<p class="more"><a class="more-link" href="https://www.paul-renaud.com/can-romanian-brands-compete-globally-just-ask-inna/">Read More</a></p>
<p>The post <a href="https://www.paul-renaud.com/can-romanian-brands-compete-globally-just-ask-inna/">Can Romanian brands compete globally?  Just ask Inna!</a> appeared first on <a href="https://www.paul-renaud.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>If you missed Zilele Biz I’d like to give you a summary of my presentation. Even if you were there, the stuff below serves as a good reminder for Marketers and leaders alike. Before I go into the really interesting topic-Inna (Romania’s singing sensation) I would like to draw a parallel on what it takes for your service/product or solution to earn global success. Any of the points below will apply as it does for Inna.</p>
<p style="text-align: justify;"><span style="color: #333333;">Successful global brand requirements:</span></p>
<p style="text-align: justify;"><em>1)     Talent/Quality</em></p>
<p style="text-align: justify;">Any product or service (let’s call it ‘product’ for brevity) needs to be top quality or at least needs to be perceived as having unwavering quality. Think of Mercedes or American Express. These companies like others have demonstrated time and time again that quality makes the customer come back.</p>
<p style="text-align: justify;"><em>2)     Energy/Sustainability</em></p>
<p style="text-align: justify;">Your product has to be number one in the ‘hearts and minds’ of your customers that means you need to constantly push away the competition regardless what they throw at you. Nokia which was the best mobile phone company in the early 2000’s slowly ‘got their lunch eaten’ by Blackberry. Now BlackBerry is getting kicked by Iphone. ‘You snooze…you lose’.</p>
<p style="text-align: justify;"><em>3)      People; Let me be more specific: Management, team members, partners and suppliers.</em></p>
<p style="text-align: justify;">It’s all about people.  You get the best leader in charge of an organization and magic   happens. If you have a tyrant at the head of an organization – you have chaos.</p>
<p style="text-align: justify;">Suppliers can become your most important ally. John F. Love in ‘Behind the arches’ paints a dramatic look on how McDonald’s transformed ‘Mom and Pop’ suppliers into multi-million dollar firms.</p>
<p style="text-align: justify;"><em>4) Marcomms (Marketing Communications), Managing media/Social media initiatives.</em></p>
<p style="text-align: justify;">This is where the marketing purists do their mixing: the classic and the new; conventional and social media. Be careful however. Social media is not the panacea for all Marcomms. Classical media (TV, print, radio and outdoor) still carry a lot of weight.</p>
<p style="text-align: justify;"><em>5)     New Product Development (NPD)  and Determination</em></p>
<p style="text-align: justify;">Take a look at how many times Samsung is launching new products and that will indicate the type of momentum and dizzying pace it takes to stay alive in a market where customers want more speed/features/ time savers and benefits.</p>
<p style="text-align: justify;"><em>6)     Luck</em></p>
<p style="text-align: justify;">In a recent interview Johnny Depp told Larry king that industry experts referred to Depp’s first 20 years of his acting career as ‘ Box office poison’. Then he was offered the role in Pirates of the Caribbean. Depp said ‘Yes I was lucky at that moment but I also knew that if someone gave me the ball… I had to run with it ‘. Luck plays a vital role in business. Question is: Are you ready when luck comes your way?</p>
<p style="text-align: justify;"><em>7) Pride. More on that later.</em></p>
<p style="text-align: justify;"><span style="color: #333333;">So how does Inna stack up?</span></p>
<p style="text-align: justify;"><em>1)     Talent/Quality</em></p>
<p style="text-align: justify;">In an age of music artists that can fake their way to the top, I can assure you this lady can sing. She sings live every moment that she can including live radio interviews (not to mention in 4 languages: Romanian, English French and Spanish). She’s been singing since she was eight years old and still continues to improve herself.</p>
<p style="text-align: justify;"><em>2)     Energy/Sustainability</em></p>
<p style="text-align: justify;">Remember the last time you had a cold/flu? You felt miserable, calling in sick at work and you just wanted to sleep. When you have on average 12 concerts in 12 different countries per month – you can’t ‘call in sick’. In fact you have to sing even with a sore throat. With jet lag, meeting fans, TV/radio interviews, red carpet appearances, meeting fans before the show, sound checks, hair, make-up, performing the show and still meeting fans backstage after the show…’this life isn’t easy’. Inna has more energy than her whole team combined. She cherishes meeting fans after the show, signing autographs and genuinely takes an interest in all of them. She sustains this energy by continuously pushing herself. Here lies the secret of keeping the competition at bay.</p>
<p style="text-align: justify;"><em>3)     People</em></p>
<p style="text-align: justify;">Inna’s Manager is Lucian Stefan. In his twenties, this fellow has the abilities and competencies of a multinational CEO twice his age in my opinion. Lucian has created the right environment and hired a small team to support him including Marian Dorobantu, Creative Director.  By team I also mean stakeholders/partners such as Play and Win who are extremely talented: They do the composing, lyrics,  production, mixing and the mastering (quite rare) since in the US only one company/entity will do one of these activities – not all four.</p>
<p style="text-align: justify;">Roton is the music label and the core team also includes 4 main suppliers; Edward Aninaru (Photographer),  Maria Andrei (Stylist), Camelia Negrea ( Hair) and  Andra Manea ( Makeup)…4 vital components to make a singer  look/feel her best.</p>
<p style="text-align: justify;"><em>4)     Marcomms (Marketing Communications), Managing media/Social media initiatives.</em></p>
<p style="text-align: justify;">I can’t possibly list all the things they have done in this area however Social media played an important role:</p>
<p style="text-align: justify;">Facebook: 4,005,257 fans or more fans that Gwen Stefani, Nicole Scherzinger and Nelly Furtado. Lucian through his PC skills has mastered the FB Page.</p>
<p style="text-align: justify;">Twitter: Inna does her own Twitter message – clear enough!</p>
<p style="text-align: justify;">As a result fans have created a multitude of FB pages and Twitter address with the name INNA.</p>
<p style="text-align: justify;">Youtube: As you would expect this has been a critical element for a music artist. Lucian would upload all kinds of Inna video moments as well as teasers of songs, albums as well as really cool moments arriving in new countries. Her first song  ‘Hot’  has in excess of 110 Million views on YouTube.</p>
<p style="text-align: justify;">Now I’ll be the first one to say to ‘don’t bet all your horses ‘on social media (SM). Classic media like print is also responsible for Inna’s popularity. In her case getting two covers in FHM magazines led her to other significant covers such as Elle, Viva and Forbes magazines.</p>
<p style="text-align: justify;">SM + Classic Marcomms led to endorsements with Microsoft and Pepsi. My suggestion is to really look at this artist as a possible endorser for your products/services.</p>
<p style="text-align: justify;">I will skip New Product Development (NPD) and go straight to pride…my favorite topic.</p>
<p style="text-align: justify;">When Inna lands in a new country she says 2 things:</p>
<p style="text-align: justify;"><strong><em>1)     My name is Inna and,</em></strong></p>
<p style="text-align: justify;"><strong><em>2)     I’m Romanian</em></strong></p>
<p style="text-align: justify;">Not to make this a political tangent but I want to reach out to my fellow Romanians. It is clear to me that Romanians have this ‘thing’ about being assertive (or lack) about their nationality.</p>
<p style="text-align: justify;">Ok Romania has had bad press in the past in other countries as well as its nomadic people. I am the first to say: So what?</p>
<p style="text-align: justify;">As a proud Canadian we also have issues as a nation.</p>
<p style="text-align: justify;">When I speak to investors I tell them about the abundant IT talent in Romania, English skills, tireless and diligent Romanian employees not to mention EU status and funding opportunities Having lived in 9 countries, I see Romania’s huge talent.</p>
<p style="text-align: justify;">Back to Inna and my message. Like Inna,  ‘Be a proud Romanian’ and that enthusiasm and pride will become contagious. Inna has diligently used this in her favor.</p>
<p style="text-align: justify;">Pride is the key word here.</p>
<p style="text-align: justify;">Still not convinced? Check out this Youtube video: <a href="http://www.youtube.com/watch?v=hUMLYdPQpgc">http://www.youtube.com/watch?v=hUMLYdPQpgc</a> and help me understand this question:</p>
<p style="text-align: justify;">How can a Romanian have so much influence and reverence in a country like Mexico – a country that still had not commercially sold her songs until the time she landed for the first time?</p>
<p style="text-align: justify;">I have had the pleasure of working with Inna’s management recently and what I discovered was truly amazing.</p>
<p style="text-align: justify;">When you combine talent, energy, the right people, the right Marcomms, NPD, a bit of luck and lot of pride any Romanian brand can compete globally…<strong><em>just ask Inna!</em></strong></p>
<p>The post <a href="https://www.paul-renaud.com/can-romanian-brands-compete-globally-just-ask-inna/">Can Romanian brands compete globally?  Just ask Inna!</a> appeared first on <a href="https://www.paul-renaud.com"></a>.</p>
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