RP Kumar's new Brand Engagement Approach
- 1. MOVING
ON
FROM
© R P Kumar DECEMBER 2012
© R P Kumar, DECEMBER 2013
- 2. FRIENDLY NOTE
THIS IS
RAJESH P. KUMAR’S
INTELLECTUAL
PROPERTY.
I’D BE DELIGHTED TO
WORK WITH YOU ON
THIS STUFF, BUT PLEASE
DON’T STEAL THESE
IDEAS.
And I’ve used some graphics I didn’t
© R P Kumar DECEMBER 2012
create – all rights belong to the
creators.
- 3. There’s a fatal disconnect
between what clients measure…
and what matters to consumers.
© R P Kumar DECEMBER 2012
- 4. MOST Client MeTRICS:
EXTENSION OF FINANCIAL THINKING…
• Share of Market
• Share of Aisle
• Share of Wallet
• Share of Mouth (yuck!)
• Share of Stomach (double yuck!)
• … ad nauseam
© R P Kumar DECEMBER 2012
- 5. … AND MOST BRAND ENGAGEMENT
MeTRICS EMANATE FROM “AIDA”
• AWARENESS: E.G. TOP OF MIND/PROMPTED
• INTEREST: E.G. EXPRESSED INTEREST IN
BRAND
• DESIRE: E.G. PURCHASE INTENT
• ACTION: E.G. CLICKS, CALLS, STORE VISITS
© R P Kumar DECEMBER 2012
This outdated Model is linear and unrepresentative of
the inherent messiness of today’s true consumer
journey…yet continues to be the basis of most
engagement models!
- 6. MCKINSEY’S MODEL: FIRST ATTEMPT TO MAP
THE “REAL” CUSTOMER JOURNEY
© mckinsey & co.
© R P Kumar DECEMBER 2012
…BUT MOST BRAND ENGAGEMENT METRICS
ARE STILL OUTDATED!
- 7. THE BOTTOM LINE:
WE NEED A New METRIC FOR
Brand ENGAGEMENT … IN
CONSUMER
VOCABULARY
© R P Kumar DECEMBER 2012
- 8. What Matters to Consumers
(go ahead, add these up: that’s 47.3 hours a day!)
Television: 2.5 PDA: 0.2 Text Messaging: 0.6
Sleeping: 8.5 Work: 7.5 Eating & Drinking: 1.2
Newspapers: 0.7 Internet: 3.6 MP3 Players: 0.5
Commuting: 0.7 Laundry: 1.0 Socializing: 1.7
Listening to music: 1.3 Emailing: 1.2 Radio: 1.3
Grocery Shopping: 0.7 Child Care: 1.2 Dressing & Grooming: 0.8
Instant Messenger: 1.0 Landline Phone: 0.7
Health Self-Care: 1.7 Exercise: 1.0 Food Preparation: 0.8
Cell Phone: 0.6 Magazines: 0.6 Online Blogs: 0.6
Kitchen Clean-Up: 0.5 Research/Homework: 3.0 Personal Shopping: 1.1
© R P Kumar DECEMBER 2012
Online Video Games: 0.5 Console Video Games: 0.3
Source: Henley Center HeadlightVision – American Time Use Survey
- 9. The idea of having limited time on this planet is
ubiquitous over the ages and across cultures.
TIME IS THE ULTIMATE
SCARCE RESOURCE.
© R P Kumar DECEMBER 2012
- 10. © R P Kumar DECEMBER 2012
1700’s
- 11. © R P Kumar DECEMBER 2012
1930’s
- 12. 1980’S PHILOSOPHERS The Moody Blues: “22,000 DAYS”
Eve n though I know it's only
Me and my dre ams
Th at drive me so l et me go pl ea se
Le t me go on to tomorrow
One da y at a time
Now I know the only foe is time
Eve rybody kn ows , it a lwa ys shows
Wa sting time's an a ggrava tion
Got no time for confronta tion
You want to take a lot
By love by l aw or ste alth
Time's the onl y re al wea lth you’ve got
22,000 da ys , 22,000 da ys
I t's not a lot,
It's a ll you got
2 2,000 da ys
22,00 0 nights, 22,000 nights,
© R P Kumar DECEMBER 2012
I t's all you know
So start the show
2 2,000 da ys
- 13. What’s common to these?
The notion of flow..
The flow of time.
Not an endless flow – but WITH A definite beginning.
AND A definite end.
There is only
so much time.
© R P Kumar DECEMBER 2012
- 15. The Opportunity:
Recognise that the time a consumer engages with a
brand is time they could have spent elsewhere…
… RECOGNISE AND CELEBRATE
each and every minute
SHE engageS with us.
© R P Kumar DECEMBER 2012
- 16. What does Share of Time mean
in the context of brands?
A formal definition:
The aggregate amount of time,
as a proportion of the average
lifespan of a consumer,
that he or she spends
engaging with a brand …
© R P Kumar DECEMBER 2012
OR WHAT THE BRAND REPRESENTS.
- 17. OPPORTUNITY: INTEGRATE TRADITIONAL METRICS INTO
THREE OVERARCHING
BRAND ENGAGEMENT METRICS
ALIGNMENT CHATTER ACTION
HOW much time HOW much time HOW much time
and energy do and energy do do consumers
consumers consumers spend spend actually
spend on the discussing / interacting
same BELIEFS as blogging about with our BRAND
our brand our brand? What IN their DAILY
© R P Kumar DECEMBER 2012
BELIEFS? do they say? LIves?
- 18. BRINGING THE ALIGNMENT INDEX TO LIFE
Contact rajesh p. kumar for research design,
execution, findings and recommendations
© R P Kumar DECEMBER 2012
- 19. BRINGING THE CHATTER INDEX TO LIFE
Contact rajesh p. kumar for research design,
execution, findings and recommendations
© R P Kumar DECEMBER 2012
- 20. BRINGING THE ACTION INDEX TO LIFE
Contact rajesh p. kumar for research design,
execution, findings and recommendations
© R P Kumar DECEMBER 2012
- 21. BRINGING IT ALL TOGETHER:
THE “share of time” CUBE provides a true
measure of brand engagement in terms of
both quantity and quality
ALIGNMENT INDEX
© R P Kumar DECEMBER 2012
CH
AT X
TE DE
R IN
IN N
D EX TI O
AC
- 22. So who’s living this dream ALREADY?
The best brands in the world have UNKNOWINGLY
ALREADY redefined their role in consumers’ lives
not in terms of economic share…
OR IN TRADITIONAL BRAND ENGAGEMENT METRICS …
but in terms of Share of Time.
© R P Kumar DECEMBER 2012
- 23. What WAS BEING … Should be measured as
© R P Kumar DECEMBER 2012
measured as Share of Share of Time spent in a
Mouth in beverages… Starbucks coffee shop,
discussing new flavors...
- 24. What WAS BEING measured … should be measured as Share
© R P Kumar DECEMBER 2012
as Share of the of Time spent engaging with
Automotive Market Porsche (driving, blogging,
researching…)
- 25. What WAS BEING … should be measured as Share of
measured as Share of Time spent engaging with Whole
© R P Kumar DECEMBER 2012
Pantry… Foods (shopping, blogging,
discussing, recommending…)
- 26. © R P Kumar DECEMBER 2012
What WAS BEING ….should be measured as
measured as Share of Share of Time spent
Cart… shopping, researching,
visiting Target.
- 27. Share of Time Concept: a Metamorphosis.
© R P Kumar DECEMBER 2012
Client View: Narrow. Restricted. Consumer View: Open. Unfettered.
- 28. © R P Kumar DECEMBER 2012
TH
A
Share of Time
NK
YOU
Editor's Notes
- Base increases by 25% while budget decreases by 13% Commitments -- Calls: 215k Clicks: 1.7M Sales: 72k