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Being Earnest in the New Normal, Anthea Stratigos (CEO, Outsell, Inc.)
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2014 Charleston Conference Keynote Presentation Thursday, Nov 6, 8:15 AM
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Being Earnest in the New Normal, Anthea Stratigos (CEO, Outsell, Inc.)
1.
Being Earnest in
the New Normal Choose Your Future Anthea C. Stratigos Co-founder & CEO The Charleston Conference Charleston, N.C. November 6, 2014 Confidential A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
2.
About Outsell A
d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
3.
Choose Your Future
Dewey Readmore Books or 22 Jump Street 3 22 JUMP STREET Courtesy of Columbia Pictures A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
4.
The Big Picture
A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c . Courtesy of Universal Studios
5.
A Story 5
A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
6.
6 A d
v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
7.
Shift Happens! 7
A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
8.
8 A d
v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
9.
The Information Industry
A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
10.
Information Industry Ecosystems
B2B Trade $30.6 Market Research, Reports & Services $41.2 Credit & Financial $52.8 Education Content, Technology & HCM $111.4 Legal & Regulatory $20.4 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c . News $78.3 Search, Aggregation & Syndication $86.9 Scientific, Technical & Medical $32.5 Consumer Books & Magazines $82.9 Yellow Pages & Directories $21.7 Marketing Analytics, Automation & CRM $23.4 Marketing Services $113.2 Governance, Risk & Compliance $43.0 $738 Billion 10
11.
Vendors – Key
Issues 11 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
12.
Libraries – Key
Issues 12 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
13.
Library Budgets 13
A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
14.
Librarians Ambivalent about
Vendors 14 Neither agree nor disagree 0 20 40 60 80 Providing better customer service and support More transparent about pricing Simplifying licenses Providing better usage metrics More flexible about packaging bundles More flexible about licensing options Easier to do business Percent A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
15.
Executing & Delivering
Value A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c . Getty Images
16.
Have the Right
Team 16 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
17.
Library as Strategic
Marketer 6 steps to value 1 Have a strategy and a mission 2 Build a target market map 3 Complete a needs assessment 4 Weed and feed portfolio of services 5 Brand and market internally; deliver ‘wow’ 6 Measure ROI and value 17 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
18.
Have a Strategy
“My library has a well-developed strategy to meet changing user needs and research habits.” – Ithaka Study 2014 Percentage of respondents who strongly agreed, over time. 18 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
19.
Map Target Markets
Administration Key User Groups or Schools Services & Library Offerings 19 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
20.
Understand What Users
Want 20 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
21.
Understand Needs What
is the main reason for going into the library? 60% A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c . 27% 5% 4% 4% To have a quiet place to study To do research, look up books and manuscripts, or write To socialize, a place to hang out with other folks To access online databases Other n = 400 4-Year College or University Students 21
22.
A d v
a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c . Benchmark Someone’s Boat, View, or Home is Always Better 22
23.
Establish Your Portfolio
A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c . What to drop What to add What to ask for $ for What to target to whom 23
24.
Brand Your Experience
24 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
25.
Market in Purposeful
Rhythms 25 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
26.
A d v
a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c . Deliver Wow 26
27.
Measure ROI and
Value 27 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
28.
Be Sure to
Play and Enjoy Results 28 A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
29.
Choose Your Future
Dewey Readmore Books or 22 Jump Street 29 22 JUMP STREET Courtesy of Columbia Pictures A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
30.
Q&A and Discussion
A d v a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c .
31.
A d v
a n c i n g t h e B u s i n e s s o f I n f o r m a t i o n © 2 0 1 4 O u t s e l l , I n c . About Outsell Outsell, Inc. is the world’s only research and advisory firm focused solely on media, information, and technology. We use a time-tested, quality-proven, top-secret blend of data, brains, community, and pizzazz to produce extraordinary value for our clients. Elite information industry executives from all over the world look to Outsell for trusted advice, bold insights, and confidential access to exclusive intelligence and decision support. Outsell has your back. You’ll stay more focused, save time, and grow revenue in a fast-changing, global, digital environment, and sleep better at night. Guaranteed. www.outsellinc.com info@outsellinc.com Burlingame, CA · USA +1 650-342-6060 London · United Kingdom +44 (0) 20 8090 6590 The information, analysis, and opinions (the “Content”) contained herein are based on the qualitative and quantitative research methods of Outsell, Inc. and its staff’s extensive professional expertise in the industry. Outsell has used its best efforts and judgment in the compilation and presentation of the Content and to ensure to the best of its ability that the Content is accurate as of the date published. However, the industry information covered by this report is subject to rapid change. Outsell makes no representations or warranties, express or implied, concerning or relating to the accuracy of the Content in this report and Outsell assumes no liability related to claims concerning the Content of this report. 31
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