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Post Covid-19:
Marketing and Brand Building
In a New World
June 2020
June 2020
Post Covid-19: Marketing and Brand Building
Times of crisis reveal brand character
and leadership, more than create it.
How will you lead?
The Covid-19 Marketing Landscape
• Controlled operations
• Accepted products / services
• Predictable levels of change
• A well understood audience
• Achievable objectives
• A defined and appropriate proposition
and market positioning
• New rules of competing
• Smaller budgets
• Evolved consumer sentiment
• Increased expectations on
brands
• Business as unusual
• Innovation and creativity over
stability and repetition
• Change not limited to narrow bounds
• Tomorrow promises surprises
• Outlier outcomes are now expected
• Characteristics of chaos
• What you thought you knew must be
questioned
PRIOR BRAND EQUILIBRIUM
Understanding your brand’s current realities and planning for your new world of work,
require making sense of 3 distinct phases:
CRISIS REALITIES EMERGENT EQUILIBRIUM
The prior equilibrium no longer
exists.
The focus now should be on
adaptation to the crisis state, and
preparation for the new equilibrium.
A new equilibrium will emerge and
may resemble the old equilibrium
but will be fundamentally different.
June 2020
Post Covid-19: Marketing and Brand Building
Changing attitudes
Source: BCG Henderson Institute
Previous crises demonstrate that attitudinal shifts will drive behavioural changes across
policies, process and preference:
June 2020
Post Covid-19: Marketing and Brand Building
Five Likely Consumer Preference Trends
Source: Accenture
1
The cost of
confidence
2
The virtual
century
3
Every business
is a health
business
4
Cocooning
5
The reinvention
of authority
The erosion of
confidence will make
trust way more
important than ever
before. This will
necessitate actions that
build trust. Focus on
confidence-building
through every channel.
Justified optimism will
sell well. The nature of
hat we define as luxury
may change.
The enforced shift during
the worst of the
pandemic to virtual
working, consuming and
socialising will fuel a
massive and further shift
to virtual activity for
anything. Anything that
can be done virtually will
be. Winners will be those
who test and explore all
of the associated creative
possibilities.
The concerns about
health amplified during
the crisis will not ebb
after it is over. Rather,
health will dominate. A
health economy will
emerge with
opportunities. Every
brand will need to
understand how it can be
part of a new health
ecosystem that will
dominate citizen thinking.
Desire for cocooning,
along with opportunities
for those with creative
strategies to enable it,
will move center stage for
the same reason.
Winners will be those
who zero their sights on
the home. After the virus,
the stay at home pattern
will endure with
meaningfulness and
comfort carrying a price
premium.
A reinvention of authority is
likely after the effect of
travel limitations, self-
isolation and lockdown.
Probably the trickiest of the
five human implications. Its
impact could go one of two
ways. If governments get
their handling of the crisis
broadly right, expect top-
down control to be back in
fashion; if not, the reverse.
This is likely to vary by
geography. What role will
companies play?
June 2020
Post Covid-19: Marketing and Brand Building
Evolving your business model to
survive and thrive post Covid.
5 areas of brand focus.
June 2020
Post Covid-19: Marketing and Brand Building
5 Areas Requiring Brand Focus
June 2020
Post Covid-19: Marketing and Brand Building
Revisiting the
strength of your
brand foundation
Auditing,
assessment and
reformulating
objectives
Budget
optimisation
Industry insight
and trend
analysis
Ideation and
innovation
June 2020
Post Covid-19: Marketing and Brand Building
Brand foundations
• Is your proposition still suitable?
• What are your customers looking for?
• How are your competitors likely to be changing the game?
Is your proposition still suitable?
‘That’s cute — but don’t tell anyone about it.’
Don’t have a Kodak moment.
Kodak believed they were too far ahead in the
game. They thought that film would sustain. They
didn’t anticipate the rapid growth and enthusiasm for
the digital camera and failed to stay relevant in the
market.
June 2020
Post Covid-19: Marketing and Brand Building
What are your customers looking for?
1. Apply intelligent customer engagement
2. Create more robust buyer personas
3. Generate data from customer analytics
4. Anticipate, predict and plan for the future
5. Traverse your customer’s path
https://neilpatel.com/
June 2020
Post Covid-19: Marketing and Brand Building
How are your competitors changing
the game?
AirBnB
• Empowered by a depressed economy
• Fought the assumption that premium, standardised
accommodation is always preferred
• Created an entirely new ‘room category’
Netflix
• Saw a gap in delivering less sought after DVDs to film
buffs
• Was brave enough to disrupt its own business model
and move to streaming product
• Delivering true blue ocean value
Uber (API)
• Cabs or apps not a new service
• Innovation lies in smart innovation in combining multiple
APIs to provide a seamless experience. Not only do
they not have cars… they also do not have much tech
June 2020
Post Covid-19: Marketing and Brand Building
June 2020
Post Covid-19: Marketing and Brand Building
Objectives and goal audit
• Are your goals still relevant in this changed landscape?
• How do you reformulate these to survive and thrive in a changing world?
Are your goals still relevant?
Assessing the goals you set 6 months ago
through a post Covid lens, may appear a bit like
trying to launch a cassette tape in a Spotify era.
What got us here – will not get us there. Brutally
questioning what you seek to achieve is required:
Increased revenues?
Increased customer loyalty?
A greater share of wallet?
New customers?
June 2020
Post Covid-19: Marketing and Brand Building
How can we reformulate these in a
changing world?
Cleaning behind our fridge, our garden shed, the
top shelf of our cupboards.
Decluttering our linen cupboard, the utensils
drawer, the filing cabinet.
Exercising more.
Deeper one-to-one connections.
Less pollution, few traffic accidents, less time on
the roads.
https://www.staceybarr.com/
June 2020
Post Covid-19: Marketing and Brand Building
June 2020
Post Covid-19: Marketing and Brand Building
Budget Optimisation
• Optimising budgets to do more with less
• Innovative use of budgets to create stronger leverage
Doing more with less
While marketers hope that budgets will not be
slashed – the reality is that business will be
under huge cost pressure.
The marketers that can learn to:
• Do more with less
• Push budgets harder
• Innovate
• Seek opportunities in unconventional places
will win.
June 2020
Post Covid-19: Marketing and Brand Building
Budget innovation for stronger leverage
McDonalds have been planting golden arch symbols
on the sides of California’s freeways using the state
national flower, making it illegal to pick or remove.
June 2020
Post Covid-19: Marketing and Brand Building
June 2020
Post Covid-19: Marketing and Brand Building
Industry insights and trends
• Shifts in your industry?
• How are you gathering and learning from insight?
• How are you using this to adapt?
Understanding likely marketing shifts
1.No to budget cuts
2.Strong brand strong recovery
3.Think long not short
4.Spend it right
5.Celebrate micro moments
6.Same same but not the same
June 2020
Post Covid-19: Marketing and Brand Building
How are you gathering and learning
from insight?
June 2020
Post Covid-19: Marketing and Brand Building
Synthesis
Cross
sectional
trends and
learnings
Analysis of
internal
convictions
& capabilities
Qualitative
customer and
market
analysis
A finger on the
pulse of industry
movement and
trends
How are you using this to adapt?
1. Fluidity for now has become the normal – re-
evaluate every day
2. Assess consumers needs – Long term and short
term
3. Embrace digital transformation it will make up a
large part of the new normal in marketing
4. Focus on your customers’ wellbeing
June 2020
Post Covid-19: Marketing and Brand Building
June 2020
Post Covid-19: Marketing and Brand Building
Ideation and Innovation
• Crises: a driver of innovation
• Where are your future revenue streams likely to come from?
• How are you thinking creatively and laterally to uncover
opportunities?
Crises – a driver of innovation
The Black Death in the 1300s
The deep economic recession
of the 1600s
The SARS pandemic of
2002-2004
The financial crises of 2008
June 2020
Post Covid-19: Marketing and Brand Building
How to gain ground on your competitors
Get to the heart
Understand how your customer has transformed throughout
this pandemic.
Think and act local
Understanding and focusing on local efforts is vital. Actively
support with meaningful value and actions.
Encourage creativity
Enable your customers to get creative with your brand in their
own homes using the resources they have on hand.
Deliver experience value beyond
What will your value-add be post-lockdown? It must go
beyond the normal % discounts and 2 for 1 specials.
People-first sustainability
Frame your commitment to sustainability through the lens of
supporting people to do the right thing.
June 2020
Post Covid-19: Marketing and Brand Building
Where are your future revenue streams
likely to come from?
June 2020
Post Covid-19: Marketing and Brand Building
Technology
Digital Tactics
Partnerships
Data/AI Marketing
v
Outcomes
New Growth Engines
Reduced innovation risk
Higher return on R&D
Company designed for the future Retention of innovative talent
Behaviours
Acting on evidence not opinion
Starting with cheap experiments
Testing before executing
Testing problems then solutions
Rewarding experiments
Leadership & management support
Celebrating learning from failure
Execution & innovation collaborate
People who choose
innovation as a career path
Enables /
Blockers
Legitimacy and power
Leadership support
Resource allocation
Lean start up champions
Lean start up rituals
Agile processes
Bridge to core biz
Skills development
Structure and reward system
Leadership
Systems and
processes
Organisation
design
Thinking creatively and laterally to uncover opportunities - innovation culture map
June 2020
Post Covid-19: Marketing and Brand Building
Consider This A Strategic Timeout
While we’re still facing the crisis phase of Covid-19,
marketers face the challenge of how to respond
tactically during the next six months. But, says Mark
Ritson. “You’re going to get a strategic time-out – a
time to think, to ponder what your longer-term
strategy should be.”
Make the most of this time.
June 2020
Post Covid-19: Marketing and Brand Building
June 2020
Post Covid-19: Marketing and Brand Building
How Idea Foundry can help?
Working with clients to
emerge stronger.
June 2020
Post Covid-19: Marketing and Brand Building
June 2020
Post Covid-19: Marketing and Brand Building
Idea Foundry Covid-focused solutions
June 2020
Post Covid-19: Marketing and Brand Building
Q&A
Thank you
email us on info@ideafoundry.co.za

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Marketing Interrupted - Marketing and brand building in a new world.

  • 1. Post Covid-19: Marketing and Brand Building In a New World June 2020
  • 2.
  • 3. June 2020 Post Covid-19: Marketing and Brand Building Times of crisis reveal brand character and leadership, more than create it. How will you lead?
  • 4. The Covid-19 Marketing Landscape • Controlled operations • Accepted products / services • Predictable levels of change • A well understood audience • Achievable objectives • A defined and appropriate proposition and market positioning • New rules of competing • Smaller budgets • Evolved consumer sentiment • Increased expectations on brands • Business as unusual • Innovation and creativity over stability and repetition • Change not limited to narrow bounds • Tomorrow promises surprises • Outlier outcomes are now expected • Characteristics of chaos • What you thought you knew must be questioned PRIOR BRAND EQUILIBRIUM Understanding your brand’s current realities and planning for your new world of work, require making sense of 3 distinct phases: CRISIS REALITIES EMERGENT EQUILIBRIUM The prior equilibrium no longer exists. The focus now should be on adaptation to the crisis state, and preparation for the new equilibrium. A new equilibrium will emerge and may resemble the old equilibrium but will be fundamentally different. June 2020 Post Covid-19: Marketing and Brand Building
  • 5. Changing attitudes Source: BCG Henderson Institute Previous crises demonstrate that attitudinal shifts will drive behavioural changes across policies, process and preference: June 2020 Post Covid-19: Marketing and Brand Building
  • 6. Five Likely Consumer Preference Trends Source: Accenture 1 The cost of confidence 2 The virtual century 3 Every business is a health business 4 Cocooning 5 The reinvention of authority The erosion of confidence will make trust way more important than ever before. This will necessitate actions that build trust. Focus on confidence-building through every channel. Justified optimism will sell well. The nature of hat we define as luxury may change. The enforced shift during the worst of the pandemic to virtual working, consuming and socialising will fuel a massive and further shift to virtual activity for anything. Anything that can be done virtually will be. Winners will be those who test and explore all of the associated creative possibilities. The concerns about health amplified during the crisis will not ebb after it is over. Rather, health will dominate. A health economy will emerge with opportunities. Every brand will need to understand how it can be part of a new health ecosystem that will dominate citizen thinking. Desire for cocooning, along with opportunities for those with creative strategies to enable it, will move center stage for the same reason. Winners will be those who zero their sights on the home. After the virus, the stay at home pattern will endure with meaningfulness and comfort carrying a price premium. A reinvention of authority is likely after the effect of travel limitations, self- isolation and lockdown. Probably the trickiest of the five human implications. Its impact could go one of two ways. If governments get their handling of the crisis broadly right, expect top- down control to be back in fashion; if not, the reverse. This is likely to vary by geography. What role will companies play? June 2020 Post Covid-19: Marketing and Brand Building
  • 7. Evolving your business model to survive and thrive post Covid. 5 areas of brand focus. June 2020 Post Covid-19: Marketing and Brand Building
  • 8. 5 Areas Requiring Brand Focus June 2020 Post Covid-19: Marketing and Brand Building Revisiting the strength of your brand foundation Auditing, assessment and reformulating objectives Budget optimisation Industry insight and trend analysis Ideation and innovation
  • 9. June 2020 Post Covid-19: Marketing and Brand Building Brand foundations • Is your proposition still suitable? • What are your customers looking for? • How are your competitors likely to be changing the game?
  • 10. Is your proposition still suitable? ‘That’s cute — but don’t tell anyone about it.’ Don’t have a Kodak moment. Kodak believed they were too far ahead in the game. They thought that film would sustain. They didn’t anticipate the rapid growth and enthusiasm for the digital camera and failed to stay relevant in the market. June 2020 Post Covid-19: Marketing and Brand Building
  • 11. What are your customers looking for? 1. Apply intelligent customer engagement 2. Create more robust buyer personas 3. Generate data from customer analytics 4. Anticipate, predict and plan for the future 5. Traverse your customer’s path https://neilpatel.com/ June 2020 Post Covid-19: Marketing and Brand Building
  • 12. How are your competitors changing the game? AirBnB • Empowered by a depressed economy • Fought the assumption that premium, standardised accommodation is always preferred • Created an entirely new ‘room category’ Netflix • Saw a gap in delivering less sought after DVDs to film buffs • Was brave enough to disrupt its own business model and move to streaming product • Delivering true blue ocean value Uber (API) • Cabs or apps not a new service • Innovation lies in smart innovation in combining multiple APIs to provide a seamless experience. Not only do they not have cars… they also do not have much tech June 2020 Post Covid-19: Marketing and Brand Building
  • 13. June 2020 Post Covid-19: Marketing and Brand Building Objectives and goal audit • Are your goals still relevant in this changed landscape? • How do you reformulate these to survive and thrive in a changing world?
  • 14. Are your goals still relevant? Assessing the goals you set 6 months ago through a post Covid lens, may appear a bit like trying to launch a cassette tape in a Spotify era. What got us here – will not get us there. Brutally questioning what you seek to achieve is required: Increased revenues? Increased customer loyalty? A greater share of wallet? New customers? June 2020 Post Covid-19: Marketing and Brand Building
  • 15. How can we reformulate these in a changing world? Cleaning behind our fridge, our garden shed, the top shelf of our cupboards. Decluttering our linen cupboard, the utensils drawer, the filing cabinet. Exercising more. Deeper one-to-one connections. Less pollution, few traffic accidents, less time on the roads. https://www.staceybarr.com/ June 2020 Post Covid-19: Marketing and Brand Building
  • 16. June 2020 Post Covid-19: Marketing and Brand Building Budget Optimisation • Optimising budgets to do more with less • Innovative use of budgets to create stronger leverage
  • 17. Doing more with less While marketers hope that budgets will not be slashed – the reality is that business will be under huge cost pressure. The marketers that can learn to: • Do more with less • Push budgets harder • Innovate • Seek opportunities in unconventional places will win. June 2020 Post Covid-19: Marketing and Brand Building
  • 18. Budget innovation for stronger leverage McDonalds have been planting golden arch symbols on the sides of California’s freeways using the state national flower, making it illegal to pick or remove. June 2020 Post Covid-19: Marketing and Brand Building
  • 19. June 2020 Post Covid-19: Marketing and Brand Building Industry insights and trends • Shifts in your industry? • How are you gathering and learning from insight? • How are you using this to adapt?
  • 20. Understanding likely marketing shifts 1.No to budget cuts 2.Strong brand strong recovery 3.Think long not short 4.Spend it right 5.Celebrate micro moments 6.Same same but not the same June 2020 Post Covid-19: Marketing and Brand Building
  • 21. How are you gathering and learning from insight? June 2020 Post Covid-19: Marketing and Brand Building Synthesis Cross sectional trends and learnings Analysis of internal convictions & capabilities Qualitative customer and market analysis A finger on the pulse of industry movement and trends
  • 22. How are you using this to adapt? 1. Fluidity for now has become the normal – re- evaluate every day 2. Assess consumers needs – Long term and short term 3. Embrace digital transformation it will make up a large part of the new normal in marketing 4. Focus on your customers’ wellbeing June 2020 Post Covid-19: Marketing and Brand Building
  • 23. June 2020 Post Covid-19: Marketing and Brand Building Ideation and Innovation • Crises: a driver of innovation • Where are your future revenue streams likely to come from? • How are you thinking creatively and laterally to uncover opportunities?
  • 24. Crises – a driver of innovation The Black Death in the 1300s The deep economic recession of the 1600s The SARS pandemic of 2002-2004 The financial crises of 2008 June 2020 Post Covid-19: Marketing and Brand Building
  • 25. How to gain ground on your competitors Get to the heart Understand how your customer has transformed throughout this pandemic. Think and act local Understanding and focusing on local efforts is vital. Actively support with meaningful value and actions. Encourage creativity Enable your customers to get creative with your brand in their own homes using the resources they have on hand. Deliver experience value beyond What will your value-add be post-lockdown? It must go beyond the normal % discounts and 2 for 1 specials. People-first sustainability Frame your commitment to sustainability through the lens of supporting people to do the right thing. June 2020 Post Covid-19: Marketing and Brand Building
  • 26. Where are your future revenue streams likely to come from? June 2020 Post Covid-19: Marketing and Brand Building Technology Digital Tactics Partnerships Data/AI Marketing
  • 27. v Outcomes New Growth Engines Reduced innovation risk Higher return on R&D Company designed for the future Retention of innovative talent Behaviours Acting on evidence not opinion Starting with cheap experiments Testing before executing Testing problems then solutions Rewarding experiments Leadership & management support Celebrating learning from failure Execution & innovation collaborate People who choose innovation as a career path Enables / Blockers Legitimacy and power Leadership support Resource allocation Lean start up champions Lean start up rituals Agile processes Bridge to core biz Skills development Structure and reward system Leadership Systems and processes Organisation design Thinking creatively and laterally to uncover opportunities - innovation culture map June 2020 Post Covid-19: Marketing and Brand Building
  • 28. Consider This A Strategic Timeout While we’re still facing the crisis phase of Covid-19, marketers face the challenge of how to respond tactically during the next six months. But, says Mark Ritson. “You’re going to get a strategic time-out – a time to think, to ponder what your longer-term strategy should be.” Make the most of this time. June 2020 Post Covid-19: Marketing and Brand Building
  • 29. June 2020 Post Covid-19: Marketing and Brand Building How Idea Foundry can help? Working with clients to emerge stronger.
  • 30. June 2020 Post Covid-19: Marketing and Brand Building
  • 31. June 2020 Post Covid-19: Marketing and Brand Building
  • 33. June 2020 Post Covid-19: Marketing and Brand Building Q&A
  • 34. Thank you email us on info@ideafoundry.co.za