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Top 100 - Wamda.com

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49 BrandZ <strong>Top</strong> <strong>100</strong> 2011: SECTORS/COMMENTARYBrandZ <strong>Top</strong> <strong>100</strong> 2011: SECTORS/COMMENTARY 5010.Quality products need quality contentBut being straightforward gets brands only part of theway. The quality of the brand-consumer interaction onlineis determined in part by the quality of the digital content.Brand manufacturers, retailers and their ad agenciestraditionally have not been in the content-creationbusiness.Consumer product <strong>com</strong>panies and their advertisingagencies are sometimes more <strong>com</strong>fortable with thetraditional research-driven, time-consuming processaimed at perfecting a campaign. Digital content,in contrast, is more iterative. Speed subordinatesperfection. Ongoing presence and continuity supersedesthe finite nature of a campaign.Campaigns were designed for the path to purchaseshaped as a funnel, for consumers who wouldmove predictably and sequentially from awareness,engagement, discovery and investigation to selection.Campaigns alone are insufficient in the digital world ofshopper marketing, where the path to purchase hasexploded into random, non-linear points of influencewhen the shopper may be in front of a <strong>com</strong>puter screenat home, making a shopping list or walking down thestreet about to enter a store.Digital’s impact on shopping soon will intensify furtheras 4G – with rapid transmission of rich data – be<strong>com</strong>esmore widely available and mobile devices continue tooffer greater sophistication for less money. The pathto purchase will never look the same. Its appearancemay be most radically shaped in fast-growing marketslike Brazil, China or India, where mobile was the firsttelephone experience for many consumers. Brandsface immense and unpredictable challenges in thishighly connected, increasingly transparent and digitallytransformed world.Listen closelyA customer who talks about abrand cares about it. And onegood opinion quickly can yieldinsights to inform importantbrand improvements andlift sales.12.Be openTransparency is a buzzword, butthat’s because it covers everythingfrom pricing to problems. It’sessential and expected.11.Be honestTo err is human.To cover up is unforgivable.Especially in a transparent,socially-networked world.DIGITALIN 2011Scott Sorokin, Global Digital Leader,MindshareBrands lose some control“Brands, historically, have managed the assets theyhave made in places that they own, but the futurewill belong to brands that manage assets that theydon’t make, in places that they don’t own, likeFacebook, Twitter, social media.”Keytakeouts

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