From Push to Pull: Seven Trends Shaping the Future of Specialty Advertising ASI Power Summit September 2014 Scottsdale, AZ John Smart, President, Acceleration Studies Foundation johnsmart@accelerating.org Be Fast (Strategic Agility) – We Live in a World of Accelerating Change Acceleration Studies Foundation A 501(c)(3) Nonprofit Los Angeles New York Palo Alto Annual Growth Rates (Look for 5-50%, Use Rule of 72) 3-4% US Economy, Most Markets 6% Advertising Specialty Industry ($20.5B 2013, $38B 2020) 9% China’s Economy, Some Emerging Markets 14% Global Online eCommerce, Top Chinese Cities 20% Global eCommerce Technology Market 25% Health Care Analytics, India’s Organic Food Market 35% Computing & Communication Ability, Per $ (“Moore’s law”) 55% Creation and Sharing of Digital Info (“Tagging the World”) Doz & Kosonen 2008 The Digital Universe and Big Data, EMC/IDC, 2014-2020 Toffler 2007 Be Contrarian – It’s a Volatile World, With Big Up and Downcycles Acceleration Studies Foundation A 501(c)(3) Nonprofit ASI, 2014 Navarro, 2006 Los Angeles New York Palo Alto APP Industry Report, BIC Investor Relations, 2009 Be Foresighted – See Possible, Probable, and Preferable Futures “Landscapes” Acceleration Studies Foundation A 501(c)(3) Nonprofit Strategy, Analysis, Planning Smart, 2015 Los Angeles New York Palo Alto “Trees” “Funnels” Innovation, Ideation Design, Entrepreneurship Forecasting, Financial, Risk Mgmt., Security Be Diverse – Use Your Team’s Strengths Acceleration Studies Foundation A 501(c)(3) Nonprofit Gallup’s 34 Workplace Strengths, and Four Strength Clusters Rath, 2007 Foresight Los Angeles New York Palo Alto Rath&Conchie, 2009 Page, 2008 Doing 1. Strategic Thinking 2. Executing 3. Influencing 4. Relating “Knowing Where to Go” “Getting Somewhere” “Getting There With Others” “Keeping Others on Your Team” ● Analytical ● Achiever ● Activator ● Adaptability ● Context ● Arranger ● Command ● Developer ● Futuristic ● Belief ● Communication ● Connectedness ● Ideation ● Consistency ● Competition ● Empathy ● Input ● Deliberative ● Maximizer ● Harmony ● Intellection ● Discipline ● Self-Assurance ● Includer ● Learner ● Focus ● Significance ● Individualization ● Strategic ● Responsibility ● Woo ● Positivity ● Restorative ● Relator StrengthsFinder is $14 per employee. Start with this tool! Eight Skills of Adaptive Foresight: The Learn-See-Do-Review Cycle (“Do loop”) LEARN 1. Learning – “Knowing Your History and Status” (Investigative thinking) Intelligence (Research), Learning & Development (Training), Metrics (Triple Bottom Line Accounting) SEE 2. Innovation – “Possiblity Foresight” (Divergent thinking) Idea Generation (Alternatives, Stories, Scenarios), Design, Innovation Mgmt, Entrepreneurship 3. Anticipation – “Probability Foresight” (Convergent thinking) Forecasting (Models, Predictive Analytics), Investing, Risk Management, Law & Security 4. Strategy – “Preference Foresight” (Adaptive thinking) Strategy (Framing, Priorities, Goals, Strat. Visions), Analysis (Decision Support), Planning(Quick, Strategic, Roadmaps) DO 5. Execution – “Getting Somewhere” (Production thinking) Product/Service/Project Management (Operations, Engrg, Sourcing, ICT, KM) 6. Influence – “Recruiting Others” (Market thinking) Marketing Management (Sales, Biz Dev, Market Research, Cust Svc, CRM) 7. Relating – “Keeping Others On Your Team” (Team thinking) Performance Management (HR, Compensation, Ethics, Culture, Advisors, CSR, Communications, Public Relations) REVIEW 8. Reviewing – “Staying On Target” (Adjustment thinking) Scorecards (Feedback), Quality, Change Management (Critiquing, Unlearning, Correcting) Kouzes&Posner, 2012 From: The Foresight Guide: Being a Leader in Creating, Anticipating, and Managing the Future by John Smart, with Susan Fant, Joshua Davis, Anna-Leena Vasamo and the FERN Practitioner Community. Coming Jan 2015 at Amazon and ForesightGuide.com. How to Sell in an Ever Faster World? Acceleration Studies Foundation The Do Loop A 501(c)(3) Nonprofit 1. Know Your History and Current Condition 4. Stay On Target, or Get Back On Target Los Angeles New York Palo Alto Smart, The Foresight Guide, 2014 Learn See Review Do 2. Use Possible Probable & Preferable Foresight (3 Ps) 3. Get Somewhere, with Others, and Keep Them Happy © 2014 Accelerating.org Seven Trends for the Future of Specialty Advertising Acceleration Studies Foundation A 501(c)(3) Nonprofit 1. Specialization – Profiting on an Ever Smarter Web 2. Trade – Working Globally, Acting Quickly 3. Automation – Cost Deflation & Innovation Will Continue 4. Social – Leading Your Customers 5. Personalization – Wearables to Environments 6. Collaboration – Groupnets to Global English 7. Empowerment – C.I. to the Digital Twin Los Angeles New York Palo Alto #1: Specialization – Profiting on an Ever Smarter Web Acceleration Studies Foundation Distributors: 41% say Websites are top threat. 16% of revs come from eCommerce What’s Your Specialty, and Story? A 501(c)(3) Nonprofit Los Angeles New York Are Palo Alto Beauty Creativity/Novelty Utility Sustainability Wikipedia, 2013 you English language only? PP Promo Something Useful… Acceleration Studies Foundation Cyclops LED cap light, $4 A 501(c)(3) Nonprofit iXoundWear cap, $5 JLab Jbuds, $6 Los Angeles New York Palo Alto Sansa Clip, $26 Refurb, $33 New Tube Sock Phone Armband, $1 Utility: Pre-wrap the earbuds, add bit of elastic to tuck in the buds. Preload the Clip with free, DRM-free music and podcasts. Plug your cap in to charge it once or twice a month. #2: Trade – Working Globally, Acting Quickly Acceleration Studies Foundation What’s Your Global Trade Strategy, By Need? A 501(c)(3) Nonprofit iPhone 3G Value Added by Country, 2009 Sloane 2012 Los Angeles New York Palo Alto Promo Products By Need, John Herceg, 1999 Ries 2011 Wearable Battery Belts Acceleration Studies Foundation A 501(c)(3) Nonprofit Prototype Promo Item. Need magnetic induction charging for phone and belt, like Powermat Need multiple sizes, styles, and thicknesses. Lithium polymer can be woven, like fabric. Los Angeles New York Palo Alto http://www.instructables.com/id/Stylish-Battery-Belt/ Powermat, 2012. #3: Automation – More Cost Deflation and Innovation Ahead Acceleration Studies Foundation A 501(c)(3) Nonprofit Los Angeles New York Palo Alto What’s Your Automation Strategy? Productive Sales Force Automation, Database Marketing Business Mgmt Software (ERP, Social CRM) Digital and Machine Tools (CAD, Laser) Overhyped Today, Niche Uses to 2020. 3D Printing Holograms Drones Fenn&Raskino 2008 #4: Social Change – Leading Your Customers Acceleration Studies Foundation A 501(c)(3) Nonprofit Millennials. 1/3 of US adults, 46% of US workforce by 2020. Women. Pushing towards pay and representation parity. Hispanics. 17% of US Pop (53M). Next doubling (100M) in 2050. Local. Growing in direct proportion to Mobile Digital. Fromm&Garton 2013 What’s Your Cause? Is it Obvious? Los Angeles New York Palo Alto Brennan 2011 #5: Personalization – Wearables to Environments 150 Friends. 20M Users Acceleration Studies Foundation Wearable Electronics. $4B today. $20-60B by 2020. A 501(c)(3) Nonprofit Fitbit Jawbone Apple What’s Your Personalization Strategy? 13 Million Users Mostly Young Women Valued at $5B Los Angeles New York Palo Alto Brandon Laskowski, Evolved-Footware.com Kansas City, MO Marketing Suite for “Visual Web” Pinterest, Instagram, Tumblr Rechargeable LED Belt, $1.5-3.5, YZG, Shenzhen 25M Users, $1B Revs in 2013 Getting Major “Mobile Lift” Gametables: A New Product Category Acceleration Studies Foundation A 501(c)(3) Nonprofit PixelSense SUR40, $8,400 Los Angeles New York Palo Alto Lenovo Horizon 2, $1,300 Microsoft-Samsung PixelSense (40”D) - 1st Gen (2008). 22 inch thick table top, 200 lbs, $18,000 - 2nd Gen (2012) 4 inch table top, 80 lbs, $8,400. Lenovo Horizon (27”D) 1st Gen 2013, $1500. 2nd Gen 2014, 17 lbs, $1,300 Not kid, game focused. Picture viewing app is “feature creep.” Just nine games. No “Pong”. Air hockey still has lag. Ouch! No marketing. No IKEA table. No Apple. Promo in schools, bars, game ctrs. Client game on App store? #6: Collaboration – Groupnets to Global English Acceleration Studies Foundation A 501(c)(3) Nonprofit Groupnets: In the Future, Everyone has a “Lifeline”. Best-Connected Groups Win. $500 Wristphone Global English: 600M new English speakers by 2030? Global eTutoring: $12B in 2014. India. $12-$20/hr What’s Your Collaboration Strategy? Los Angeles New York Palo Alto FREE Proto-Crowdfounding Sites Innovation Management Platforms #7: Empowerment – Conversational Interface to the Digital Twin Acceleration Studies Foundation A 501(c)(3) Nonprofit IBM Watson Jeopardy Challenge, 2011 In 2006 Watson got 13% of Jeopardy! Q’s. By 2011, Watson got 90% of Q’s correct. Apple’s Siri on iPhone 4, 2011 Next IT’s Virtual Agents What’s Your Digital Strategy? Does it Empower Customers? Los Angeles New York Palo Alto Learn More Acceleration Studies Foundation A 501(c)(3) Nonprofit Jan 2015 on Amazon Free e-Draft (email me!). Questions? johnsmart@accelerating.org Thanks! 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