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31 January 2007

Putting CEO styles into context

Just musing today on some of the similarities and differences amongst some of the CEO's I've worked for.  Not sure if you'd ever see these three names put together in any other context...

Some things they have in common:  a drive to WIN.  An entrepreneurial spirit.  Creativity and brilliance.  Ability to make tough decisions.  Passion for the brand.

Two of those brands (PUMA and Razorfish) have been reinvented.  We're currently extending another one (Forrester) into new areas, i.e. marketing.

It's pretty easy to rally around a brand when it starts from the top.

30 January 2007

links for 2007-01-30

29 January 2007

Carnival of Marketing - Week 1

Tofino Lots of great content submitted for this week's carnival of marketing.

Let's start by thinking small and a great post from Dimano Marketing, offering 99 Branding Tips For Poor Web Startups [or anyone, really!].  On the other hand, we have Jim Logan pointing out differences in B2B vs. B2C marketing and copywriting.

mindblob points out an older post on a topic that always seems relevant - blogging motivators, i.e. why people blog.  A question that many marketers no doubt still seek an answer for.

Continuing with social media, Sara Holoubek points out an example of social media before there was "social media":  Burma-Shave.  As an aside, you might enjoy the Vintage Advertising group on Flickr.

But I'd be remiss by not closing with a totally astonishing and awesome post from Andrea Learned - also the reason for the photo of Tofino (credit: Jacek S. on Flickr).

28 January 2007

Happy 1st birthday to Being Peter Kim

Today's the 1st birthday of this blog!

Whether you're subscribed to the feed or visit the site, I appreciate being able to share thoughts with you on marketing, advertising and well, being Peter Kim.  I appreciate the comments and exchange of insights even more.

One of the things that's really crystallized for me over the past year - why I blog.  Most of the stuff I post about is related to my research; the conversation here helps me crystallize thoughts.  Or sometimes it's just to air out the maven in me.  It's a way to think out loud - procrastinating, working, venting - sometimes a way to talk to myself in a socially acceptable manner.

Moreover, my blogging has led me to get involved more extensively in social computing.  I'm a photography hack but have shared more pictures from trips and on Flickr.  I've started uploading videos on YouTube.  Still trying to decide if I prefer to read my feeds in Thunderbird, Bloglines, or Google Reader.  I flew around on Second Life for a while but wasn't really feeling it - my first life is a bit too demanding.  Similarly, my activity on social networks has declined - sorry to report that I'm a bit of a dull node.  I've also been tagging on del.icio.us and have become a novice Typepad hack (let me know if you have questions).

(I thought about sharing year-in-review stats and upcoming-year goals here but I'm not sure anyone would care.)

What's funny is that I wrote this post on Thursday while sitting in Dulles, waiting for a flight.  I set the post to publish on Sunday (i.e. the one year mark) and on Friday I stumble across a chain of "why I blog" posts from David Armano, Sean Howard, and Kate Trgovac.  I sense a meme rising - or at least a derivative of some ad campaign's tagline.

Looking forward to sharing Year 2 with you!  Thanks for reading. 

27 January 2007

Portfolio of spam stock recommendations

Just for fun, I've set up a stock portfolio on Yahoo! Finance to track all the hot picks that make it through my spam filter.  There's a new widget on the right-hand nav to show its performance.  Basic approach: buy in lots of 100 less commission (same as my regular online brokerage). 

Will track recommendations in this post.

History:

  • 26 Jan 07: Bought Physicians Adult Daycare (PHYA.PK).  Thanks, "Alex Walter"!
  • 29 Jan 07: Bought Hemisphere Gold Inc (HPGI.PK).  Thanks, "Max McKnight"!
  • 05 Feb 07: Bought West Excelsior Enterprises (WEXE.PK).  Thanks, "Danielle Kelly"!
  • 08 Feb 07: Bought Mobile Airwaves New (MBWC.PK).  Thanks, "Annmarie Carson"!
  • 13 Feb 07: Bought Kimber-X Resources (KRXR.PK).  Thanks, "Kyle Guerra"!
  • 20 Feb 07: Bought Goldmark Industries (GDKI.PK).  Thanks, "Neva Powers"!
  • 22 Feb 07: Bought Irwin Resources (IWRS.PK).  Thanks, "Eula McCoy"!
  • 27 Feb 07: Bought Victory Energy Corp (VYEY.OB).  Thanks, "Jorge Gentry"!
  • 28 Mar 07: Bought Peopleline Telecom (PPTM.PK) and Palomar Enterprises (PLMA.OB)
  • 03 May 07: Bought West Excelsior Enterprises (TRDX.PK).  Repeat offender!

26 January 2007

The 3 N's of Web 3.0

Before I forget again, try this definition on for size:

Web 3.0
- Near
- Now
- Networked

Near:  location-based services.  Now:  real-time information.  Networked:  connected to others.  Infrastructure has a long way to go before this becomes a reality, but technology and social shifts have started that should make this a reality after 2010.

25 January 2007

Campaign for real beauty - do ends justify means?

Evolution So much great press for the Dove brand and its Campaign For Real Beauty.  No doubt that on the surface, the concept has touched a global nerve and has hopefully started to drive real change.

But isn't the campaign really just one step away from astroturfing? As a brand, Dove's purpose is to sell "beauty" products.  Soaps, shampoos, lotions, deodorants - 16 different categories in all.  The end game here is to use the feel-good message to sell more products.

I find it wildly ironic that Dove creates an ad that blasts the beauty industry - in order to sell more of its own beauty products.  Yet few people, if any, seem to pick up on this.  They're too busy praising Dove for being bold and showing "reality."

The fact that Unilever owns both the Dove and Axe brands should be a hint.  Both brands are winning truckloads of advertising awards - testament to hype overcoming reality.

In the end - if Dove can help a generation of women feel better about themselves and increase their bottom line along the way - I guess the end justifies the means.

24 January 2007

"Fail fast" doesn't apply anymore

During the rise of the digital economy, the advice "fail fast" was embraced and internalized by many marketing managers.  That advice doesn't apply anymore - not to social computing.

Why?  Because success in today's marketing relies on some simple principles.  Honesty.  Transparency.  Customer-centricity.

If a company fails at these - well, you get it.

links for 2007-01-24

23 January 2007

Carnival of Marketing - arrives here next week

Carnival As part of the Z-list meme, I discovered some great new content like Servant of Chaos, Craphammer, and mindblob.  From browsing around, I also came across the idea of "blog carnivals."  They seem like an interesting way to aggregate timely, recent content - so I volunteered to host the Carnival of Marketing for a couple of weeks on Being Peter Kim.

Here's how it works - email me by the end of this week with a post that you'd like featured in the carnival.  Let me know who you are, where the post lives, and the main point you're making.  I'll aggregate the posts and publish the "carnival" at the beginning of the week, on January 28th and February 4th.

Looking forward to your posts!

By the way, The Rimm-Kaufman Group blog is hosting the current carnival.  They're a good firm to consider for SEM/SEO as well.

22 January 2007

How to improve TV ads during football: a season of storytelling

Yesterday ensures that I'll be watching the Super Bowl for the ads, not the game.  At least it wasn't a  last second #4 field goal that won it.  Anyway, if you're a fan of American football, you've been watching the season unfold over the past 20 weeks.  What do ads say about an audience?  Football says that they drive trucks, use mobiles, and drink beer.  But for every Chevy ad, there's a Ford and Toyota ad.  For every Sprint ad, there's one for Verizon and another for T-Mobile.  And Bud has company from Heineken and Coors Light.

The net effect is a ton of frequency for categories, but the noise makes it difficult for any single brand to stand out.

Here's an idea: given that you've built up a relationship over the season - why not create a story arc to keep viewers engaged?  It's a way to stand out...create a plot that unfolds over the course of a season that culminates when?  Yep, with a big Super Bowl spot.  Add some meaning and anticipation to that $2.6 million.

The NFL's own spots start to get at this, with the idea of "revising predictions" made early in the season.  Burger King went halfway last year, with a viral campaign culminating in the "Whopperettes" spot.  But no one's taken an integrated season the length of the field for a real advertising touchdown.

This can work for any industry.  Fidelity could showcase just how much people saved for retirement and what that will grow into over the next 10, 20, or 30 years.  GEICO can count up how much people have saved on car insurance by switching.  Cingular can track the number of minutes people have saved with automatic rollover.  Toyota shows how much gas you've saved and emissions reduced by driving a hybrid.  Bud shows...how much your spare tire's grown over the course of the season, I guess.

You get the picture.  Is it really that tough?  Lots of talk about storytelling as branding's next big thing.  So what are advertisers waiting for?

19 January 2007

links for 2007-01-19

17 January 2007

Discovered a good marketing blog lately?

Power150 In the wake of the Z-list, blogger Todd And has created the Power 150.  Neat way of bringing a bunch of different "authority" metrics together.  You might want to check it out and see if there's one or two new feeds worth picking up.

16 January 2007

links for 2007-01-16

Wanted: DHL ad, currently running in Paris

Has anyone seen the DHL ad currently running outdoors in Paris?  I saw one on my way to CDG that said in essence, "DHL is fluent in customer."  Underneath, this statement was translated into French.  Does anyone have a pic of this?  A link would be greatly appreciated.

Is it just me, or is this completely ironic?

15 January 2007

The future of mass advertising is direct

Technology transforms marketing.  Mass media need suffer no longer from 50% waste.  30" TV spots can regain efficacy utilizing technology vendors like Visible World.  And now digital billboards are popping up across the country, where allowed by law.

MINI takes outdoor a step further - MotoringFile reports that owners can sign up to receive personalized messages as they drive by RFID-enabled billboards as part of the "Motorby" program.

The future of mass ads is digital and direct.

14 January 2007

Check out The Groundswell

Two really sharp Forrester analysts, Charlene Li and Josh Bernoff, are collaborating on a book called "The Groundswell."  The focus is social computing - a force I think we all can agree has started to change the nature of business, politics, and society.

Not that the world needs another blog to follow - but I've got high expectations for this one.

13 January 2007

Get To Work, Agency You!

Bigwhatadland points out that TBWA London has created a portal to solicit consumer input on real, live briefs.  It's called "the big what adventure."

Will you get paid?  No.  Will you get credit?  Not necessarily.  Can you take back your idea?  No.

So what are You waiting for, agency of the year?  Get on with it!

(OK, here's a better idea - check out this customisable commercial from HP.)

12 January 2007

Advice on family-friendly Paris?

ParisI'm in Paris through the weekend - any suggestions on family-friendly attractions and restaurants?

11 January 2007

French ads can be...different.

Cashback_1 Just a reminder that cultural norms and creative can work differently in countries other than your own.  I was walking down Avenue George V today and surprised by this movie ad - something you'd never see in the U.S.  (yes, I'm sure it wasn't the Moulin Rouge) (I also edited it).

Context is critical.

Just "Apple."

Did you hear the big news at Macworld?  Yeah, when I heard it I thought, "no big deal" probably just like you.

Apple decided to drop "Computer" from its corporate name.  People really care about their product brands anyway, like iPod, iMac, and oh yeah, iPhone.

The Apple brand serves one (corporate) purpose - the NASDAQ.

10 January 2007

Google is better to work for than You

Lewis Green points out that Google wins Fortune's best company to work for in 2007.

"You" didn't make the list.

09 January 2007

GMOOT - I'm a victim

GMOOT syndrome.  Coined by Ad Age:  "Get me one of those," the basic command from CEOs to CMOs or CMOs to their agencies [or staff].

I admit it - I was a victim.  Here's the evidence from a past job.

Better to be late (and do it right) than early (and wrong).  Social computing turns an internet adage on its ear - now, failing fast just makes you look bad.  That's because doing it right is so easy.  Just be authentic and you'll do it right the first time.

08 January 2007

Ad Age Celebrates The Consumer, Disses The Agency World

Ad Age has named The Consumer as their 2006 (?) Agency of the Year.  Kudos for sticking with the idea, even though the Time "me-too" criticism will undoubtedly follow.

Jim Nail of Cymfony says "Ad Age got it wrong."  I think it's a matter of perspective - and here's a different take on why I think this is a bad pick.

Given:  companies need a fundamentally "good" product and/or service.  That is, a company must produce something that meets consumer needs better than alternative choices.  (Brian, when's that Big Idea coming?)

Understood:  Clever advertising won't help a "bad" product become good.  It may help in the short-term, but you can't fool consumers once they've had a bad experience.  As the saying goes, you can put lipstick on a pig, but it's still going to be a pig."

However:  (1) Advertising is about marketing communications.  Agencies produce campaigns, not products.  (2) Invention is difficult; innovation is easier.

So:  Agencies invent the concepts behind campaigns - from scratch - that get consumers riffing and sketching their innovative ideas that turn into YouTube videos and blog posts.  Plus, we're only talking 1% of the public here - and strictly speaking, I'd say that 1% is more likely innovating, not inventing.

Let's deconstruct Mentos/Diet Coke.  The majority line of thinking goes something like this:  Mentos got it right for embracing the community and was rewarded with a 15% spike in sales.  Coke got it wrong for taking a pass and was "forced" into a community-based response.  However, the best thing the video did for Mentos was to raise brand awareness - which doesn't mean that more people are going out and eating more Mentos.  If anything, the short-term spike was probably from people going to to replicate the experiment.  This is where Diet Coke got it RIGHT - the video wasn't going to drive long-term value from people consuming product.

If you believe otherwise, then you must also agree that more people are buying Bic pens for writing after hearing that they're good for picking Kryptonite locks.

The point is - brand awareness doesn't necessarily drive sales.  You may think that the Ritz-Carlton is a great hotel brand.  But if you never stay there - does it matter?

So agencies are forced with the unenviable task of inventing new ideas, while facing increasing pressure from the misconception that consumers can do it better.  But there's no single agency that can be singled out for methodically harnessing consumer input, so go with option #2:  the consumer.

Look, I get the whole social computing idea.  But realistically, let's not forget about the "institutions" - they create the concepts like PC guy vs. Mac guy, bodygrooming, or even Head-On that inspire consumers to do their thing.

And remember, just as "the consumer" incorrectly connotes one massive, homogeneous swarm of people, "the agency" consists of highly creative individuals, too.

UPDATE:  Ad Age publishes its "A-List" a day later...can we just call TBWA\Chiat\Day Agency of the Year?

06 January 2007

Rave: Hotel Pulitzer, Amsterdam

Hotel_pulitzerJust a quick rave from me for the staff at the Hotel Pulitzer in Amsterdam.  The hotel is nice and it's the people that deliver a great experience.

First of all, they let me check in at 9 am.  I was fully expecting to store my bags and walk around town grundgy for five or six hours.

I asked for a rollaway bed to accommodate some additional family members; they upgraded me to a suite.

A plate of Dutch fruit was waiting for after returning from dinner, in addition to welcome gifts for the kids.  (They accept dogs, too - next time they're coming with.)

And this is all in less than 24 hours.  I can hardly remember the last time I stayed at a hotel where the staff wasn't just courteous, but actually took extra steps to deliver a great experience.  Probably not since my wedding/honeymoon...

05 January 2007

Brands with a bullseye on their back

Have you noticed that there are some brands that the marketing/advertising trade press + bloggers just love to hate?  They are brands that operate with a bullseye on their back - seems like they can't do many things right.  Alternately, there are brands that are seemingly bulletproof and can do no wrong, even if they back a step away from "doing no evil."

I've run this idea by a few people; Brad Brodigan at Biz360 felt that there's some sort of critical mass/industry presence involved.  Joe Chernov at BzzAgent pointed an anti-establishment quality of bulletproof brands.

Who has the bullseye?

  • Wal-Mart comes to mind, ironic when compared to Target
  • Dell vs. Apple
  • AOL vs. Google

Bulletproof brands:  Starbucks, JetBlue, Nike.

I think there's another aspect in brand strategy - low cost, mass brands seem to attract the bullseye instead of high-margin, "premium" brands.

Maybe it's better to have a bullseye than the alternative - to just be ignored.  I think this is where Brad's "critical mass" idea comes in - too big to be ignored but widely accessible, so easily targeted for criticism.

Of course not all "bullseyed" brands are blameless - they've certainly taken their lumps for recent mistakes.   But would the backlash have been as bad if they weren't in the market position they're in?  Chicken or Egg?

links for 2007-01-05

04 January 2007

links for 2007-01-04

03 January 2007

So you want to be a CMO?

[New year, new blog.  I'm cross-posting here from a blog I started called "Do You Have A Second?"  It's a career-related blog; in my time as a manager, mentor, peer, and employee, I received my fair share of good and bad advice.  The name comes from the phrase that you often hear when someone wants to share a piece of candid feedback with you.]

Back in October, I was a privileged fly on the wall of Forrester's CMO Leadership Board meeting in Chicago.  The guest speaker was Greg Welch from Spencer Stuart, talking about what makes a good CMO.  Greg should know - he handles some of the highest profile searches around.

Some things you may know already:

  • CMO tenure is way down - almost 23 months, about half of CEO tenure.
  • These are $1mm jobs that are really general manager roles that come with high stakes and expectations.
  • New chief marketers need to build bridges and prove that marketing delivers value, doesn't just spend money.
  • A key question: does your marketing team look like your customer base?

CEOs are looking for a fit at the intersection of job (i.e. responsibilities), organization (i.e. cultural elements), and personal qualifications (i.e. competencies).  The top skills required for success?

  • Leadership - influence and impact.
  • A track record of results - no excuses.
  • General management and P&L experience.
  • Innovation experience.

So how do you get there?

  • In the short term, create a list of your 100 goals in life.
  • Develop a personal board of directors.
  • Gain experience with a blue chip company in an industry that you like.
  • Network now.
  • Get an international assignment.
  • Go through a sales rotation.
  • Participate in an acquisition.
  • Manage your career aggressively.
  • And finally (maybe the toughest one for this day and age) don't change companies too frequently - loyalty counts.

Thinking through this advice, I feel it's important to figure out WHY you want to be a CMO.  If you like creating ads but don't like numbers, shoot for VP of Advertising and love your job.  If you enjoy focusing on a single market, work towards managing a regionally-focused subsidiary company.  If you have brilliant ideas but don't want to manage people...become a consultant!

links for 2007-01-03

02 January 2007

links for 2007-01-02

Advice requested: What to do when someone steals your content?

Thefts_1 One more housekeeping post before Being Peter Kim returns to its regular marketing and advertising content...

I'd like your advice on what to do when you see your content republished without any attribution.  This is the downside of greater influence - more people are likely to take ideas and republish them as their own.  I consider this to be intellectual theft.  Is that too extreme?

I've stumbled across republished content by accident - not necessarily in places with great reach, but annoying nonetheless.  And it's not something as general as "customer-centric marketing" - it's more along the lines of specific concepts.

So what would you do?  Email the author?  Leave a comment?  Call it out on your own blog with trackback?  Do nothing?  Something else?

Your advice appreciated (in comments).

[image from unity.project on Flickr]

01 January 2007

Rest in Peace, James Kim

You may have heard of the tragedy of James Kim.  I followed this story and felt connected in many different ways to the situation; I discovered another strange parallel this week.

First, let me get to what matters:  scholarship funds have been set up for Kim's daughters; you can get more information for California or Kentucky.

A couple of days after Kim's body was discovered, I got a call from a high school friend I hadn't heard from in at least ten years.  Some classmates had heard the news and mistakenly thought I was deceased.  I thought it was just a case of Kentuckians being Kentuckians until this week, when I found out that James Kim went to the same high school that I did, graduating two years earlier.  (BTW The best known member of Ballard High School's Class of 1989?  Allan Houston, former New York Knick.)

RIP James Kim.  If you're familiar with this story, check this article for information on lessons to be learned.  As linked above, scholarship funds have been established for the Kim daughters.

[Happy New Year!  And now back to marketing and advertising in 2007.]

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