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Evidence-Based, Customer Journey Management to Build Brands

January 23rd, 2018 Comments off

Evidence-Based, Customer Journey Management to Build Brands

The Opportunity for Marketers

As customers become exposed to a cascading list of product choices, store choices, and information sources, the opportunity exists to connect all the communications about any specific brand and product into a single consistent, coherent message relevant to the individual customer’s needs.  The customer journey has emerged as the concept that provides the opportunity to best deliver an integrated marketing communications approach at an enterprise level.

The various customer-facing functions in organizations now have the opportunity to integrate their individual, principal goals to deliver a single voice for building brands:

  • Customer Experience — Every daily contact point a moment-of-truth to opportunity to exceed expectations
  • Digital Communications — Automated intelligence and delivery to enhance daily relationships
  • Traditional Communications — Process creation and delivery fully integrated with digital in driving marketing ROI
  • Experiential — Events and sponsorships to cut-through clutter and energize the brand
  • Corporate Communications — One unfavorable rating or post can undo the entire marketing plan; authentic information content drives brand growth
  • Purchase site — Online and offline, 24/7 access and critical convergence of messaging

Common Ground toward Effective Brand-Building

All these functions have been departing from their parallel paths and converging based around the following premises:

  • All brands are vulnerable to losing customers through a single bad experience.
  • Brand strength is created through a history of positive experiences.
  • Every characteristic of the brand involves communications and relies upon communications for success.
  • The customer journey concept is an extension of past models for consumer decision-making.
  • Traditional and digital communications must be integrated which requires their development processes to become integrated.
  • All the functions involved still rely upon key, evidence-based, branding concepts – The MSW-ARS RDE model for brand-building links closely to the customer journey map for any defined product segment.

The opportunity exists to apply common metrics that measure short-term and long-term communications success across functions, within functions, and within elements of each function, across a customer journey.

Evidence-Based Metrics; the Common Language for Integration

Metrics that truly capture the reality of the interactive contact at each touch point along the customer journey must be evidence-based to ensure unified direction and consistent execution across organization functions for delivering an integrated communications approach.

MSW-ARS solutions for each step of the journey contain the Customer Commitment Preference metric that is more sensitive to immediate unit share and brand franchise shifts than any other metric in the market.

Source:  MASB

The validated connection between Customer Commitment Preference and customer lifetime value enables the team to know precise return-on-investment for each individual element and the collective program across functions.

To develop insights to addressing continuous improvement within each touch point, any customer journey analysis must address three basic questions:

To capture thinking (cognitive) and feeling (emotive) measurement requires empirically proven metrics that can uncover both the stated and derived importance of each touch point and communications for assessment of both expectations and delivery to expectations.

Convergence around Customer Journey as the Key to Brand Building

MSW-ARS has developed empirical evidence of how communications work that can accurately connect short-term sales and long-term brand development to the performance of the individual and collective touch points in the journey.

Taking Segmentation, Targeting and Positioning to another Level

Previous brand experience is a principal characteristic for segmentation and target opportunity determination at the need generation stage of the customer journey:

  • Neuroscience-based, unconscious measurement of derived importance uncovers un-voiced concerns before they become lapsed or lost customers.
  • Category measurement of attitudes and usage across all measurements and media formats to identify opportunities to get things right at the beginning and deliver a consistent, coherent message.

Linking the Big Idea and Content Development

Research on how communications works has been conducted across the MSW-ARS, fifty-year, database.  The evidence clearly indicates that the key message of any product is built into the product design.  This was reported most recently by the MASB, the Marketing Accountability Standards Board at the 2017 Annual Conference for the Advertising Research Foundation.

Therefore, the opportunity for integration of the various communications programs must start at the beginning.

The MSW-ARS Sifter product has been designed specifically to measure the strength of the Value Proposition.  Additionally, the approach provides an assessment of effectiveness in delivering this value proposition that can be attributed to various communications elements and that can be applied in long-form and short-form content for scaling across every customer touch point.

Sifter is not intended to replace AI in the CRM/Marketing Automation system.  Sifter complements AI by:

  • Ensuring that the communications program has an effective launch.
  • Supports first mover growth opportunities for the brand.
  • Provides the foundation for insights at the need generation stage and future learning from AI contacts.
  • Can be integrated into decision-support, desktop applications to help serve as a cross-functional theme for coordinated, daily message responses.
  • Ensures delivery of the fundamental, brand value proposition across all touch points.

Touch Point Effectiveness

The MSW-ARS TouchPoint product is also founded on more than fifty years of empirical evidence for how communications work.  The successful application of this solution and the certainty of its ability to predict results and lower business risk have been proven in a study by the MASB involving multiple communications research firms across twelve categories.   The MASB study results have been presented to the ARF and the AMA, written about in The Economist, The International Finance Review, The Journal of Brand Management and CFO Magazine, and has been discussed with the IASB (The International Accounting Standards Board).  Customer Commitment Preference is linked to Market Share & Cash Flow and hence to the NPV of the brand.

The Touch Point solution is flexible to allow brand teams to intervene and test any point along the journey at any time to develop empirical knowledge for continuous improvement.

Success at the Moments of Truth

Effective communications during the consideration, engagement and evaluation stages lead to inclusion in the consideration set at the first moment of truth when the purchase is made.  Communications then strengthen the purchase and remove dissonance at the second moment of truth when the customer receives service for the product.

Application of the MSW-ARS ACCU*TRAK solution allows company and brand teams to invest resources at a precise point in the journey that will most effectively improve both the contribution of that single touch point, but, more importantly, the overall unit share results sought by each of the various marketing functions.

Conclusion

Organizational changes indicate that brands fully understand the need to integrate the various functions, but, don’t yet fully understand how to link them in an effective manner.  MSW-ARS has an answer to this need that will allow brands to move ahead of their competitors in making this critical adjustment to finding common ground… cross-functional, evidence-based metrics that will enable marketing organizations to successfully implement integrated marketing plans across each customer journey.

Plan for Disruptive Change

September 12th, 2012 Comments off

In every vertical, in every market, a common theme is emerging that characterizes successful marketing – “innovate or die.”

Disruptive changes within various markets were once the exception and were admired in trade publications as case studies for innovation.  To say the world of marketing has changed in the past few years is a tremendous understatement.  Innovations that foster disruptive change are no longer the driving force to market success.  Markets themselves have become disruptive in nature and foster the need for innovation as table stakes to be part of the game.

Name a market that is not characterized by tensions between global and local cultures resulting in dynamic shifts in product attitudes and in usage behavior.  Name a market where mobile and digital applications are not radically affecting how brands engage customers as part of the relevant dialog that customers expect from all relationships.  Name a market where customers are not seeking new physical and virtual experiences that go beyond simply satisfying a cognitive need.  Name a market where global economic conditions have not shifted to create a “new normal” expectation of trust for brands to deliver on their brand promise.

Now, look at how most planning has changed to address these disruptive market conditions.  Ok!  We made you look.  It was a trick question.  Most planning has not changed and can be characterized by the following:

  • Hierarchy processes driven primarily by price
  • Lack of review of solutions compared to needs for existing “process fillers”
  • Multi-year contracts for large expensive solutions that result in a disincentive for innovation
  • Reluctance to try any new approach that has not already been tried by several other companies

These processes remind me of an old poster I saw years ago… two eyes staring out of a cave with the caption: “If you are very careful, nothing good or bad will ever happen to you.”  Of course, in today’s marketing environment, being very careful means that something very bad could happen to you.

As you might expect, market leaders are taking a different approach.  Table stakes are not good enough for them.  Their planning processes reflect the new normal disruptive marketing environment:

  • Shorter planning cycles
  • Involvement of purchasing for general budget setting, but not selection of specific solutions
  • Speed to trial of low cost, low risk projects involving new approaches to research
  • Free-flow of idea sharing between various research teams to rapidly scale new solutions
  • Organizational transparency that involves brand managers in the problem definition and research solution design stages
  • Rapid conversion of research solution measurements into organizational metrics that scale across  and connect  marketing and operations processes

In the end, and that can become an unfortunate but true metaphor for many companies, simple fear of change and love of policy and process creates an organizational inertia that prevents a true response to the very real nature of markets.  Nowhere in an organization is that more reflected than in the planning process.  Markets have delivered a simple, clear, consistent and uncompromising message to marketers and their planning process – “innovate or die.”

The choice is yours.