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MEDIA

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RISE OF CUSTOMER ECONOMY (1995-2005) Market & media segmentation ... American Idol voting. Who is the biggest computer company in the world? PACKET-SWITCHED DRIVERS ... – PowerPoint PPT presentation

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Title: MEDIA


1
MEDIA PR IN A PACKET-SWITCHED SOCIETY
Nick Wreden, MA, MS Brand Futurist
Author FusionBranding How to Forge Your Brand
for the Future
2
GOLDEN AGE OF PR (1945-95)
  • Mass media
  • Mass markets
  • Mass production
  • Lets sell what we make.

3
PR IN THE MASS ECONOMY
  • Limited prospect access to information
  • Powerful media gatekeepers
  • PR focus on gatekeepers
  • Relationships
  • Media lists
  • Smiling dialing

4
RISE OF CUSTOMER ECONOMY (1995-2005)
  • Market media segmentation
  • Growing retailer power in marketing
  • Prospect access to information
  • Market self-selection self-definition
  • Democratization privatization of technology
  • What does the customer want to buy?

5
THE DANGEROUS DISCONNECT
Customer economy imperatives
Mass-media PR
  • Segmentation
  • Customers define brands
  • Customer equity
  • Customer-to-customer communications
  • Broadcast tactics
  • Positioning
  • Brand equity
  • Awareness

6
DISCONNECT CONSEQUENCES
  • Wastes resources
  • Creates prospect cynicism disbelief
  • Contributes to lack of PR credibility in
    executive suites
  • Complicates accountability

7
PACKET-SWITCHED SOCIETY (2005-20??)
The future is here. Its just not widely
distributed yet. -- William Gibson Neuromancer
8
PACKET-SWITCHED SIGNPOSTS
  • Ping my posse
  • Overthrow of Filipino government
  • Gillette and 500,000,000 RFIDs
  • American Idol voting
  • Who is the biggest computer company in the
    world?

9
PACKET-SWITCHED DRIVERS
  • Network technologies (P2P, SMS, wireless)
  • Decentralization
  • Ad hoc groupings
  • Immediacy reach
  • Processing technologies
  • Learn
  • Interact
  • Societal
  • Globalization
  • From corporation to confederation
  • Privacy
  • Customize
  • Operate in real-time

10
ROLE OF MEDIA
New York Times World Ends. Third World Nations
Hurt Worst Fox News World Ends. Its
Clintons Fault. USA Today Were Toast.
(w/graphic) People J. Lo and Ben
Missing! Local TV Teen prostitutes! Sorry, no
film at 11
11
MEDIA IN PACKET-SWITCHED SOCIETY
  • Media napsters (P2P)
  • Blogs
  • Community
  • Publication
  • Group
  • Link
  • Personal
  • Interest-based alerts

12
STRATEGIC ROLE OF PR
  • Focus on retention over acquisition
  • Customer equity/accountability
  • Credibility management
  • Trust loyalty brand
  • Risk management
  • Competitive intelligence
  • Beyond the headlights insights

13
TACTICAL ROLE OF PR
  • CRM (constituency relationship management)
  • Customers
  • Employees
  • Media/analysts
  • Pipeline
  • Two-way communications (I.e., outages)
  • System integration
  • Web services
  • Accountability
  • Investors
  • Suppliers
  • Competitors

14
(No Transcript)
15
WHATS NEXT?
16
PR ORGANIZATION IN 2008
  • Accountability
  • Big Four threat
  • Globalization of services
  • Opt-in marketing

17
SHAMELESS SELF-PROMOTION
fusionbrand.com amazon.com bn.com nick_at_fusionbrand
.com
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