Posts from Digital Strategy

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August 28

Porsche helps you imagine a (virtual) dream car in your driveway

For decades, Porsche has been a symbol representing the best sports cars to come from Germany.  Sadly for most of us, the direct correlation between the performance of a Porsche and the price of one has made it but a dream - highly sought after and desired, but unattainable.  Audience poll: for the petrolheads, who among us did not have a poster of a Porsche on our bedroom walls when we were teenagers?

Porsche wants us to believe that owning one is a real possibility and has taken many steps to do so on their website.  The splash page (pictured below) is a manifesto for us to just state that “I can” own a Porsche and it will become a reality.

Porsche Home Page - click image to enlarge

Porsche Home Page - click image to enlarge

The real genius of the marketers at Porsche comes through once you start exploring a particular model, say the Cayman.  There is an option on the page marked “Picture It” that allows you to upload a photo of your house, and effectively Photoshop a Porsche in your driveway.

Porsche Cayman info page - click image to enlarge

Porsche Cayman info page - click image to enlarge

Picture It - click image to enlarge

Picture It - click image to enlarge

To help you envision this, Porsche provides you some basic tools to place the car on your photo and adjust it for size, perspective, clarity, etc. so that you can try to make the image look as natural as possible.  Here’s one that I made:

Cayman in Driveway - click on image to enlarge

Cayman in Driveway - click on image to enlarge

Once you finish your image, Porsche allows you to save it as a wallpaper (with some Porsche marketing messaging and imagery),

Final Wallpaper - click on image to enlarge

Final Wallpaper - click on image to enlarge

and as an email-friendly size JPG for you to send to your friends which, incidentally, does NOT have any Porsche messaging - allowing you to easily brag to your friends about owning a Porsche without actually owning one.

"Bragging Rights" image - click on image to enlarge

For Porsche (and sports car) enthusiasts, this is a great application that allows users to take Porsche’s properties and literally bring them to their desktops.  Furthermore, users can propogate Porsche’s content beyond the confines of the user’s PC with the “bragging rights” images that can not only be emailed to their friends, but can also be uploaded to social networking sites, other blogs, etc.

The downside is that brand detractors can create silly or even controversial images using the same assets (for a refresher, see GM’s failed attempt at user generated commercials here), like so:

Porsche Jumping a Drawbridge - click to enlarge

Porsche Jumping a Drawbridge - click to enlarge

However, considering the strength of Porsche’s brand and the desirability of its vehicles, giving users control over its assets is not really a gamble as the odds are greatly in Porsche’s favor that this campaign will generate more positive buzz and brand equity than negative.  For other brands who want to explore giving users control, it is critical to assess their own brand’s value before potentially opening a Pandora’s Box and tarnishing the brand’s image.

August 21

No Substitute for Authenticity

I enjoy a glass of wine. Or two. Sometimes three. And as a beginning oenophile, I’ve been using the interweb quite often to expand my universe of wine knowledge. This includes reading tasting notes, looking up new wines to try, buying suggestions, and which local restaurants have great wine lists.

not me

"Ernie, if you continue to read about booze on the internet, you and your liver are gonna wind up like this guy!"

Which brings me to the dustup over Wine Spectator’s recent award to an imaginary restaurant. Apparently, someone invested a fake restaurant in Italy, built a fake website, constructed a fake wine list that included very low-scoring wines, and entered it into the famed magazine’s award submission. Presto! They won an “Award of Excellence.”

Apparently, as part of their “research,” committee folks read some (fake) reviews on Chowhound and also successfully Googled the restaurant’s name in order to verify its legitimacy.

What a great illustration of how social media and the easiness + ubiquitous nature of search can make us all so lazy. And not just drunk-lazy.

How does this apply to us and our clients? For starters, I think the term “authenticity” takes on a deeper meaning. While secondary (market) research has its place, there’s still no substitute for good ol’ fashioned primary research. If anything, it underscores the importance of user/stakeholder interviews, surveys, in-person (and hallway) conversations when it comes to any project or endeavor.

Secondly, companies need to be even MORE diligent in their online and offline activities to effectively convey and support any brand authenticity to their current and potential customers.

Any slight whiff of inauthenticity, exacerbated by the locust-like nature of online social media, can do some serious damage to a brand.

August 12

Know your customers personally: A mathematical approach to segmentation

Back when I was a student at U Mass Amherst, I would frequent a used clothing store near my home.  I spent a lot of time and money there and enjoyed chatting with the owner, a friendly woman named Melissa.  One day, I walked into the store, and Melissa immediately reached under the counter and pulled out a pair of shoes and placed them in front of me.  She said that as soon as she’d seen them, she’d known I’d want to buy them. And she was right.  You can be right about your customers, if you collect and use the same type of information that Melissa regularly learned about the visitors to her shop.

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August 6

How bad corporate videos can give a good company a black eye

In this day and age where information leaks abound, you can be certain that most things that should be for a company’s internal use will “somehow” find its way onto the Internet.  While blog and web postings on future product developments, product releases, price cuts, etc. may generate positive buzz and interest from the online community, there is a dark side to this as well.

Recently, there have been two “for internal use only” sales/promotional videos that have leaked onto the web.  The first is one for Microsoft Vista SP1 and the second was for Mercedes-Benz.  The Microsoft Vista internal promo, complete with a faux Bruce Springsteen and a recreation of the “Dancing in the Dark” music video with a Courtney Cox lookalike, has been soundly ridiculed by all the major technology blogs from Engadget to Gizmodo as well as major news outlets like the Wall Street Journal and CNET.  Microsoft initially tried to spin it as a gag and a parody, but it’s clear that the company made a real financial investment to produce this video and intended to use it to rally the sales troops.

More recently, a Mercedes-Benz promotional video intended to boost sales morale has been circulating on the Internet.  The tone of this video, featuring a Bon Jovi wannabe (sidenote: what is this fixation on New Jersey bands by big corporations?), is far more juvenile in nature with such trash talking lines as “Gone is the Bimmer, and to Audi say ‘bye bye.’“  However, the most damaging lines occur around the 2:15 minute mark of the video where Fake Bon Jovi sings “At Volvo they worry, the Japs they just cry.”  Considering that Japan and the Far East market constitutes over 10% of Mercedes Benz’s sales, allowing the use of a racially derogatory term in an internal promotional video was not the wisest of choices.  Luckily for Mercedes-Benz, it appears their damage control team worked quickly as the video has now been pulled from YouTube.

The lessons learned from these internal video leaks are threefold.  First, regardless of how honest or law-abiding your employees are, always assume that confidential information will escape.  Very few companies are “airtight.”  According to a recent study by Xerox, 80% of enterprise information attacks/leaks are by insiders.  In addition, with the availability of cheap bandwidth and wide reach many blogs and file sharing sites have, the speed at which the leaks proliferate is stunning.  Second, make sure your firm has a diversity/cultural sensitivity team that reviews and approves all content and media prior to greater distribution.  We can look back and laugh at naming faux pas like the Chevy Nova (roughly meaning “does not go” in Spanish), but in today’s high speed digital age, these oversights can spread like wildfire and generate a mountain of negative publicity.  Third, have a damage control process in place to constantly monitor the chatter on the Internet to ensure that if embarrassing information has been leaked to the Internet, you are able to address it quickly.

In a perfect world, everyone would be law abiding, globally aware, and culturally sophisticated.  However, we live in a place that is far from perfect and as such, companies must be equipped to prevent, minimize and mitigate the effects of internal information leaks.  If companies do not plan for these eventualities, they will be on the receiving end of more buzz than they could hope for – of the negative kind.

July 31

The Quarterly Earnings Call is Passé

Much has been discussed about the availability of new socially oriented financial products for the retail audience, however even the very traditional institutional audience is beginning to tread into the area.

The retail world offers many examples of best practices. From great sites such as Mint.com, which can organize an individual’s financial accounts, to crowd-sourced investment ideas at the Motley Fool, there are a host of opportunities to gain from the wisdom of the crowd. Recently, Jeremiah Owyang from Forrester listed many retail examples.

Now the institutional side, more traditional and conservative, is beginning to adopt social media practices. No, I don’t expect Facebook and Myspace to have a many buy-side friend groups, however there is a deep interest in more meaningful interactions between investment managers and their institutional clientele.

Advisors and investors are looking for more contact with portfolio managers and members of the investment team. For example, the typical earnings call offers minimal capabilities beyond listening and getting in queue to ask a a question. Feedback is that they are typically too structured, too scripted, and question and answer sessions require too much time, or are of little value.

Research has shown us that analysts and decision makers want to interact beyond phone calls. They want to ask tough questions and physically see how the manager reacts. They want to be able to view it on their own time, and their own devices. They want to understand and learn from other people’s questions. They want to rank questions to make the most of their valuable time. They want to search for specific comments. Some want to offer feedback on the answers and others want to create an evolving dialogue.

In order to be successful, web-based interactions need to delicately balance corporate and legal compliance concerns with the vast opportunities that technology affords. Investment managers that don’t evolve their interactions risk perceptions of transparency and risk providing the conviction that investors need to recommend or purchase a product.

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