This document discusses research conducted by Euro RSCG Worldwide on changing consumer attitudes and behaviors during the economic downturn. Some key findings include:
1) Consumers are experiencing high levels of anxiety over the economy and have significantly cut back spending. They are seeking out the best deals and value through "hunting" for bargains and carefully "gathering" quality purchases.
2) Consumers now define value as the overall purchase and ownership experience, including quality and customer service, rather than just the price of individual transactions.
3) "Prosumers," who make up 15-25% of consumers and influence trends, place a strong emphasis on innovation, technology, control and demanding
The document discusses the uncertain economic situation according to conversations the author had with policymakers. It says that while some things are improving, they are not everywhere, and the improvements may not last. The future remains unclear and difficult to predict with confidence. Overall it portrays a situation that is mixed and uncertain.
This document outlines the key elements of developing an effective global marketing strategy. It discusses defining the global marketing mission and segmentation strategies. It also addresses competitive positioning and customizing the marketing mix for different markets. Major risks like political, financial and exchange rate risks are summarized. The document provides an overview of the strategic challenges of entering foreign markets and considerations for subsequent expansion into a truly integrated global marketing approach.
How the BEST companies in America are WINNING with their advertising-Despite ...Mediaspace Solutions
The document discusses challenges facing advertisers in the current economic climate. It notes that consumer spending and confidence are down while unemployment is up. This has made reaching target audiences more difficult due to audience fragmentation across numerous media channels. However, the document also argues that companies that maintain or increase advertising budgets during recessions tend to fare better over time than those that cut budgets. It provides examples of companies like American Express that have increased advertising investments when others cut back. The summary concludes that while the advertising environment is challenging, there are still effective ways for companies to reach customers.
The document discusses the 2010 Census data and its implications for marketing to multicultural audiences in the US. Some key points:
- The Census showed strong growth in minority populations, with Hispanics growing by nearly 50% since 2000 and comprising nearly 16% of the total US population. Minorities now make up 35% of the total population.
- Hispanics represented over half of the total US population growth since the last Census, with two-thirds of their growth coming from births rather than immigration.
- Non-Hispanic whites now make up around 200 million people but comprise a smaller percentage of the total population than in 2000, signaling a major demographic transformation in the US.
- Marketers
2020 has been one of the most polarizing years in recent history. A global pandemic decimated the economy, the murders of Ahmaud Aubrey, Breonna Taylor, and George Floyd sparked a worldwide outcry for social justice, and a contentious presidential election gripped the nation while the world watched. All these events culminated in a complex display of cultural dynamics that influence contemporary consumer attitudes and behavior.
In our 2020 ThinkNow Year-End Report, we examine these events through a multicultural lens to provide actionable insights on key consumer trends to watch heading into 2021.
Trendwatching.com is a leading consumer trends firm that tracks trends for over 160,000 business professionals globally. This document highlights 11 crucial consumer trends for 2011, including:
1) Acts of Random Kindness by brands to better connect with consumers
2) Price Pandemonium as consumers seek out deals using mobile devices and social networks
3) Products and campaigns tailored for urban consumers in major cities around the world
This document discusses summarizing semantic data, including entity descriptions, entity associations, and semantic datasets. It describes extractive and abstractive summarization methods. For entity descriptions, intrinsic metrics like frequency, centrality, informativeness, and diversity are used to rank property-value pairs for the summary. Extrinsic metrics also utilize external knowledge and context. Similar methods are applied to summarizing entity associations by ranking paths between entities. Summarizing semantic datasets involves selecting a representative subset of the data.
The evolution of value and values for private label brands
For more white papers and webinars, go to http://www.sldesignlounge.com
Or visit us at http://www.sld.com
The document discusses the uncertain economic situation according to conversations the author had with policymakers. It says that while some things are improving, they are not everywhere, and the improvements may not last. The future remains unclear and difficult to predict with confidence. Overall it portrays a situation that is mixed and uncertain.
This document outlines the key elements of developing an effective global marketing strategy. It discusses defining the global marketing mission and segmentation strategies. It also addresses competitive positioning and customizing the marketing mix for different markets. Major risks like political, financial and exchange rate risks are summarized. The document provides an overview of the strategic challenges of entering foreign markets and considerations for subsequent expansion into a truly integrated global marketing approach.
How the BEST companies in America are WINNING with their advertising-Despite ...Mediaspace Solutions
The document discusses challenges facing advertisers in the current economic climate. It notes that consumer spending and confidence are down while unemployment is up. This has made reaching target audiences more difficult due to audience fragmentation across numerous media channels. However, the document also argues that companies that maintain or increase advertising budgets during recessions tend to fare better over time than those that cut budgets. It provides examples of companies like American Express that have increased advertising investments when others cut back. The summary concludes that while the advertising environment is challenging, there are still effective ways for companies to reach customers.
The document discusses the 2010 Census data and its implications for marketing to multicultural audiences in the US. Some key points:
- The Census showed strong growth in minority populations, with Hispanics growing by nearly 50% since 2000 and comprising nearly 16% of the total US population. Minorities now make up 35% of the total population.
- Hispanics represented over half of the total US population growth since the last Census, with two-thirds of their growth coming from births rather than immigration.
- Non-Hispanic whites now make up around 200 million people but comprise a smaller percentage of the total population than in 2000, signaling a major demographic transformation in the US.
- Marketers
2020 has been one of the most polarizing years in recent history. A global pandemic decimated the economy, the murders of Ahmaud Aubrey, Breonna Taylor, and George Floyd sparked a worldwide outcry for social justice, and a contentious presidential election gripped the nation while the world watched. All these events culminated in a complex display of cultural dynamics that influence contemporary consumer attitudes and behavior.
In our 2020 ThinkNow Year-End Report, we examine these events through a multicultural lens to provide actionable insights on key consumer trends to watch heading into 2021.
Trendwatching.com is a leading consumer trends firm that tracks trends for over 160,000 business professionals globally. This document highlights 11 crucial consumer trends for 2011, including:
1) Acts of Random Kindness by brands to better connect with consumers
2) Price Pandemonium as consumers seek out deals using mobile devices and social networks
3) Products and campaigns tailored for urban consumers in major cities around the world
This document discusses summarizing semantic data, including entity descriptions, entity associations, and semantic datasets. It describes extractive and abstractive summarization methods. For entity descriptions, intrinsic metrics like frequency, centrality, informativeness, and diversity are used to rank property-value pairs for the summary. Extrinsic metrics also utilize external knowledge and context. Similar methods are applied to summarizing entity associations by ranking paths between entities. Summarizing semantic datasets involves selecting a representative subset of the data.
The evolution of value and values for private label brands
For more white papers and webinars, go to http://www.sldesignlounge.com
Or visit us at http://www.sld.com
This document discusses expectations for corporate social responsibility and sustainability. It provides insights from a survey of consumers in the US, UK, and France.
The key points are:
1) Consumers now expect corporations to take on roles beyond profit-making, such as driving social change and reducing poverty.
2) Most consumers believe corporations have as much responsibility as governments for social progress and view ethical conduct as important for business success.
3) Many consumers actively research company ethics and will change purchase decisions based on this information shared online.
4) Sustainable practices are increasingly seen as a competitive advantage, and the most successful future businesses will integrate sustainability.
The document summarizes findings from BCG's 2011 worldwide survey on consumer sentiment. Key findings include:
1) Despite signs of economic recovery, more consumers report feeling the impact of the downturn in 2011 compared to 2010, with anxiety levels rising in many countries.
2) Approximately 90% of respondents in developed countries plan to reduce or maintain spending in the next 12 months, with the exception being emerging markets like China.
3) Consumers continue prioritizing value and deals when shopping, and are open to private label brands and trading down to less expensive options for an emotional boost.
The document discusses how the current economic downturn is affecting digital marketing and media spending. It provides statistics showing that the economy is declining sharply, consumer confidence is low, and media and marketing budgets are expected to be flat or decrease over the next two years for the first time in over 40 years. Marketers anticipate significant cuts to their advertising budgets in response to the recession.
Bcg Winning Consumers Through Downturn Apr 2009Claudio Diniz
Consumers around the world are experiencing high anxiety about the economic downturn, fueling a vicious cycle of spending cuts that risk deepening the recession. Most consumers are curtailing spending in anticipation of hardship rather than from real financial problems currently. This anxiety has spread globally and is driving new emotions and behaviors as consumers adopt strategies like trading down to find value. De-averaging analysis is needed since impacts vary by category, region, and consumer segment.
GUILT-FREE CONSUMPTION is the new luxury for consumers, and the Holy Grail for businesses. Discover the growing hunger for a new kind of consumption: one free from worry (or at least with less worry) about its negative impact, yet that still allows continued indulgence. Check out the guilt absolving examples from Nike, Miya's Sushi, McDonald's, Unilever, Fairphone, Burger King, Chipotle, Peddler's Creamery and many more...
Private label products have evolved significantly over the past 20 years and now offer high quality while maintaining lower prices. Retailers are using private label products effectively to increase sales, margins, and differentiate themselves. To maximize the benefits of private label, retailers must understand consumer demand and behavior for private label products. This includes analyzing private label performance, determining the role and image of private label in each category, identifying the most effective promotional strategies, and setting the optimal price gap between private label and national brands. Using consumer demand science allows retailers to tailor their private label strategy to each product, store, and customer segment.
The document discusses the evolving role and responsibilities of corporations. It notes that corporations have grown larger and more powerful, but are also expected to be more accountable to various stakeholders. Consumers now expect companies to address social and environmental issues and have more power to influence corporations through online reviews and social media. The document also discusses how consumers are increasingly factoring a company's ethics and sustainability practices into purchasing decisions.
This document discusses how consumers have changed their spending habits due to economic pressures. Consumers are now purchasing more carefully and looking for multipurpose, long-lasting products that provide good value. They want products that will enhance their image and save them money over time. The recession has caused people to re-evaluate all purchases and seek ways to reduce costs. Manufacturers must design products that meet these new demands to attract customers.
Emerging market consumers have different behaviors than developed market consumers in three key areas of the consumer decision journey:
1) Word of mouth plays a disproportionately large role in emerging markets due to high rates of first-time purchases and a culture that values social validation. Companies should focus marketing geographically to leverage word of mouth effects.
2) Emerging market consumers consider smaller initial brand sets and are less likely to switch brands later. It is important for companies to get their brands into the initial consideration set through local advertising and tailored messaging.
3) The in-store experience has a larger influence on purchase decisions in emerging markets as consumers frequently visit multiple stores and collect information over long decision journeys. Companies must closely manage
Over the last two decades, more and more people around the world, primarily in industrialized countries, have become better informed and more aware of the origins of the goods they basically purchase on a day-to-day basis, the buying policies and practices of the shops they visit and the policies and principles of the services they buy (Gabriel et al., 1995 In a growing number of cases, this aggrandized awareness and knowledge is affecting consumer practices and may be the Difference between someone buying a particular product or service or not. There are a various reasons for this development, which is usually referred to as ―ethical consumerism‖, or also ―ethical consumption‖, ―ethical purchasing‖, ―moral purchasing‖, ―ethical sourcing‖, ―ethical shopping‖ or ―green consumerism
In a growing number of cases, this aggrandized awareness and knowledge is affecting consumer practices and may be the Difference between someone buying a particular product or service or not. There are a various reasons for this development, which is usually referred to as ―ethical consumerism‖, or also ―ethical consumption‖, ―ethical purchasing‖, ―moral purchasing‖, ―ethical sourcing‖, ―ethical shopping‖ or ―green consumerism
This document provides an overview of the life insurance industry and discusses why individual life and health insurers have focused on wealthier customers, leaving many with inadequate coverage. It argues that the slow underwriting and issue process is a key barrier preventing insurers from effectively serving middle-income customers through alternate distribution channels like banks. Faster instant issue underwriting could address this by reducing costs, application fallout rates, and sales representative workload, potentially reviving the industry.
The document discusses the emergence of "The New Frugal" attitude towards spending and saving among Australians. It describes how high household debt levels, financial insecurity, and rising costs have led many to feel increased financial pressure. The coronavirus pandemic has further exacerbated these issues and accelerated the new frugal mindset. The New Frugal approach involves cutting out unnecessary spending, finding smarter ways to afford important purchases through bargain hunting and price comparisons, and increasing savings to feel more financially secure. This shift will mean people are more price sensitive and focus on essentials, leading organizations to emphasize value and lower costs.
Meeting the challenges of globalization3Brian Berger
This document summarizes a speech given by the president and CEO of the National Retail Federation (NRF) about the challenges of globalization for retailers. It discusses how retailers are choosing to move forward despite economic uncertainty and concerns about globalization. It also describes how charitable giving and social responsibility are becoming increasingly important for retailers, both domestically and globally, as consumers expect companies to support local communities. Retailers must balance the need to expand globally with sensitivity to local cultures and standards.
Young & Rubicam Article - Brand Energized DifferentiationJeremy Kravetz
Most consumer brands are not creating value for consumers according to extensive research of 40,000 brands across 44 countries. Consumer attitudes toward brands have declined significantly in key measures like awareness, trust, and admiration. However, financial markets continue to attribute high value to brands, creating a mismatch. The article argues this mismatch poses problems for companies and could lead to a "brand bubble". Successful brands exhibit "energized differentiation" through excitement, dynamism and creativity. The article suggests three major problems contributing to declining brand perceptions: excess brand capacity, lack of brand creativity, and loss of consumer trust in brands.
Acxiom’s Retail Consumer Dynamics Study provides a consumer-centric snapshot of the UK retail market based on current consumer thinking and behaviour underpinned by a wealth of demography and lifestyle intelligence.
Read on to find out more.
This document discusses 10 truths that are reshaping the corporate world according to a study by Havas Worldwide. It focuses on the first truth, which is that companies are expected to be transparent in their operations as consumers want to know what happens behind closed doors. The public and media now scrutinize companies' labor practices, sourcing, and environmental impact. Transparency has become imperative for businesses to earn trust and loyalty. Consumers have various tools to research companies' social and environmental records.
This document provides an overview of consumer trends and industry developments based on insights from various research studies. Some key points:
- Consumer spending remains cautious as unemployment rises and incomes remain low. Frugality, value shopping, and curbing spending are ongoing trends.
- Online shopping and social media usage have increased, with consumers researching purchases more online. Mobile apps are also changing consumer experiences.
- In retailing, internationalization and online shopping are growing trends, while traditional retailers focus on competitive prices, selection, and service.
- Low-cost airlines have expanded rapidly, while traditional carriers cut costs. Retail banking has consolidated following the financial crisis amid low consumer trust in the industry. New ent
The document discusses shifting attitudes toward aging globally. It finds that societies are becoming less obsessed with youth and more accepting of growing older. While concerns about aging remain, including loss of autonomy and financial security, people are now more focused on aging well and actively rather than fighting the natural aging process. Looking ahead, an aging world population may require changes to social and economic systems to support the needs of the elderly.
This document discusses expectations for corporate social responsibility and sustainability. It provides insights from a survey of consumers in the US, UK, and France.
The key points are:
1) Consumers now expect corporations to take on roles beyond profit-making, such as driving social change and reducing poverty.
2) Most consumers believe corporations have as much responsibility as governments for social progress and view ethical conduct as important for business success.
3) Many consumers actively research company ethics and will change purchase decisions based on this information shared online.
4) Sustainable practices are increasingly seen as a competitive advantage, and the most successful future businesses will integrate sustainability.
The document summarizes findings from BCG's 2011 worldwide survey on consumer sentiment. Key findings include:
1) Despite signs of economic recovery, more consumers report feeling the impact of the downturn in 2011 compared to 2010, with anxiety levels rising in many countries.
2) Approximately 90% of respondents in developed countries plan to reduce or maintain spending in the next 12 months, with the exception being emerging markets like China.
3) Consumers continue prioritizing value and deals when shopping, and are open to private label brands and trading down to less expensive options for an emotional boost.
The document discusses how the current economic downturn is affecting digital marketing and media spending. It provides statistics showing that the economy is declining sharply, consumer confidence is low, and media and marketing budgets are expected to be flat or decrease over the next two years for the first time in over 40 years. Marketers anticipate significant cuts to their advertising budgets in response to the recession.
Bcg Winning Consumers Through Downturn Apr 2009Claudio Diniz
Consumers around the world are experiencing high anxiety about the economic downturn, fueling a vicious cycle of spending cuts that risk deepening the recession. Most consumers are curtailing spending in anticipation of hardship rather than from real financial problems currently. This anxiety has spread globally and is driving new emotions and behaviors as consumers adopt strategies like trading down to find value. De-averaging analysis is needed since impacts vary by category, region, and consumer segment.
GUILT-FREE CONSUMPTION is the new luxury for consumers, and the Holy Grail for businesses. Discover the growing hunger for a new kind of consumption: one free from worry (or at least with less worry) about its negative impact, yet that still allows continued indulgence. Check out the guilt absolving examples from Nike, Miya's Sushi, McDonald's, Unilever, Fairphone, Burger King, Chipotle, Peddler's Creamery and many more...
Private label products have evolved significantly over the past 20 years and now offer high quality while maintaining lower prices. Retailers are using private label products effectively to increase sales, margins, and differentiate themselves. To maximize the benefits of private label, retailers must understand consumer demand and behavior for private label products. This includes analyzing private label performance, determining the role and image of private label in each category, identifying the most effective promotional strategies, and setting the optimal price gap between private label and national brands. Using consumer demand science allows retailers to tailor their private label strategy to each product, store, and customer segment.
The document discusses the evolving role and responsibilities of corporations. It notes that corporations have grown larger and more powerful, but are also expected to be more accountable to various stakeholders. Consumers now expect companies to address social and environmental issues and have more power to influence corporations through online reviews and social media. The document also discusses how consumers are increasingly factoring a company's ethics and sustainability practices into purchasing decisions.
This document discusses how consumers have changed their spending habits due to economic pressures. Consumers are now purchasing more carefully and looking for multipurpose, long-lasting products that provide good value. They want products that will enhance their image and save them money over time. The recession has caused people to re-evaluate all purchases and seek ways to reduce costs. Manufacturers must design products that meet these new demands to attract customers.
Emerging market consumers have different behaviors than developed market consumers in three key areas of the consumer decision journey:
1) Word of mouth plays a disproportionately large role in emerging markets due to high rates of first-time purchases and a culture that values social validation. Companies should focus marketing geographically to leverage word of mouth effects.
2) Emerging market consumers consider smaller initial brand sets and are less likely to switch brands later. It is important for companies to get their brands into the initial consideration set through local advertising and tailored messaging.
3) The in-store experience has a larger influence on purchase decisions in emerging markets as consumers frequently visit multiple stores and collect information over long decision journeys. Companies must closely manage
Over the last two decades, more and more people around the world, primarily in industrialized countries, have become better informed and more aware of the origins of the goods they basically purchase on a day-to-day basis, the buying policies and practices of the shops they visit and the policies and principles of the services they buy (Gabriel et al., 1995 In a growing number of cases, this aggrandized awareness and knowledge is affecting consumer practices and may be the Difference between someone buying a particular product or service or not. There are a various reasons for this development, which is usually referred to as ―ethical consumerism‖, or also ―ethical consumption‖, ―ethical purchasing‖, ―moral purchasing‖, ―ethical sourcing‖, ―ethical shopping‖ or ―green consumerism
In a growing number of cases, this aggrandized awareness and knowledge is affecting consumer practices and may be the Difference between someone buying a particular product or service or not. There are a various reasons for this development, which is usually referred to as ―ethical consumerism‖, or also ―ethical consumption‖, ―ethical purchasing‖, ―moral purchasing‖, ―ethical sourcing‖, ―ethical shopping‖ or ―green consumerism
This document provides an overview of the life insurance industry and discusses why individual life and health insurers have focused on wealthier customers, leaving many with inadequate coverage. It argues that the slow underwriting and issue process is a key barrier preventing insurers from effectively serving middle-income customers through alternate distribution channels like banks. Faster instant issue underwriting could address this by reducing costs, application fallout rates, and sales representative workload, potentially reviving the industry.
The document discusses the emergence of "The New Frugal" attitude towards spending and saving among Australians. It describes how high household debt levels, financial insecurity, and rising costs have led many to feel increased financial pressure. The coronavirus pandemic has further exacerbated these issues and accelerated the new frugal mindset. The New Frugal approach involves cutting out unnecessary spending, finding smarter ways to afford important purchases through bargain hunting and price comparisons, and increasing savings to feel more financially secure. This shift will mean people are more price sensitive and focus on essentials, leading organizations to emphasize value and lower costs.
Meeting the challenges of globalization3Brian Berger
This document summarizes a speech given by the president and CEO of the National Retail Federation (NRF) about the challenges of globalization for retailers. It discusses how retailers are choosing to move forward despite economic uncertainty and concerns about globalization. It also describes how charitable giving and social responsibility are becoming increasingly important for retailers, both domestically and globally, as consumers expect companies to support local communities. Retailers must balance the need to expand globally with sensitivity to local cultures and standards.
Young & Rubicam Article - Brand Energized DifferentiationJeremy Kravetz
Most consumer brands are not creating value for consumers according to extensive research of 40,000 brands across 44 countries. Consumer attitudes toward brands have declined significantly in key measures like awareness, trust, and admiration. However, financial markets continue to attribute high value to brands, creating a mismatch. The article argues this mismatch poses problems for companies and could lead to a "brand bubble". Successful brands exhibit "energized differentiation" through excitement, dynamism and creativity. The article suggests three major problems contributing to declining brand perceptions: excess brand capacity, lack of brand creativity, and loss of consumer trust in brands.
Acxiom’s Retail Consumer Dynamics Study provides a consumer-centric snapshot of the UK retail market based on current consumer thinking and behaviour underpinned by a wealth of demography and lifestyle intelligence.
Read on to find out more.
This document discusses 10 truths that are reshaping the corporate world according to a study by Havas Worldwide. It focuses on the first truth, which is that companies are expected to be transparent in their operations as consumers want to know what happens behind closed doors. The public and media now scrutinize companies' labor practices, sourcing, and environmental impact. Transparency has become imperative for businesses to earn trust and loyalty. Consumers have various tools to research companies' social and environmental records.
This document provides an overview of consumer trends and industry developments based on insights from various research studies. Some key points:
- Consumer spending remains cautious as unemployment rises and incomes remain low. Frugality, value shopping, and curbing spending are ongoing trends.
- Online shopping and social media usage have increased, with consumers researching purchases more online. Mobile apps are also changing consumer experiences.
- In retailing, internationalization and online shopping are growing trends, while traditional retailers focus on competitive prices, selection, and service.
- Low-cost airlines have expanded rapidly, while traditional carriers cut costs. Retail banking has consolidated following the financial crisis amid low consumer trust in the industry. New ent
The document discusses shifting attitudes toward aging globally. It finds that societies are becoming less obsessed with youth and more accepting of growing older. While concerns about aging remain, including loss of autonomy and financial security, people are now more focused on aging well and actively rather than fighting the natural aging process. Looking ahead, an aging world population may require changes to social and economic systems to support the needs of the elderly.
Based on an online survey conducted in February 2012 of 1,000 U.S. men and women ages 18-65 by Market Probe International, the following key findings were reported:
1) Respondents aged 18-34 preferred an attractive partner who was lousy in bed over an unattractive partner who was great in bed.
2) When asked what they would most like to change about their relationship, over 30% of respondents aged 35-54 said they wanted more romance.
3) A majority of respondents described themselves as romantic, with over half of those aged 18-34 also describing themselves as sexually adventurous.
Lessons Learned From 10 Years of Creative Business Ideas - PresentationEuro RSCG Worldwide
This document summarizes lessons learned from Euro RSCG Worldwide's book "The Creative Business Idea Book: Ten Years of Breakthrough Thinking". Some key lessons include: finding influential customer segments called "prosumers" to understand emerging trends; making consumers feel ownership and connection to spread ideas virally; seeking diverse collaborative partners to deliver more than any one group alone; and constantly innovating to push brands forward and retain relevance.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document discusses findings from a study on gender roles and attitudes among Millennials. Key findings include:
1) Millennials have grown up in a post-feminist society with blurred gender roles compared to older generations.
2) Women have made major advances in education and the workplace but still face some barriers.
3) Both genders express more progressive views around gender roles, though traditional views still persist to some degree.
4) Millennial women want balance between career and family rather than feeling they must "have it all," while men express some uncertainty about their roles.
5) The study provides recommendations for marketers to avoid stereotypes and prescriptive gender roles
The document discusses the emergence of the new consumer in a post-crisis world. It identifies three keys to understanding changing consumer behavior: 1) A high sensitivity to risk as economies recover but anxiety remains, with consumers worried about job/income loss, debt, retirement and healthcare costs. 2) Consumer depression echoes societal woes, as affluence hasn't increased happiness and mental health issues rise. 3) Values shift towards sustainability and community as hyper-consumerism is questioned. Consumers are seeking meaning, trust and responsibility from brands.
This document summarizes a study about millennials and social media in 2010. It finds that:
1) Social media is deeply integrated into millennials' lives and is their primary means of social interaction and communication, similar to how rock music defined previous generations.
2) Millennials access social media through multiple platforms like Facebook, Twitter, and location-based services. They also produce and share content through "mycasting."
3) Millennials see themselves as the "iGeneration" and believe they are more digital, global, and informed than older generations due to their use of social media.
4) Many millennials think social media can be a force for social change and believe it is
The Four Cornerstones of the Conscious Corporation - PresentationEuro RSCG Worldwide
This document discusses the rise of corporate power over the past 200+ years and increasing distrust in corporations due to scandals. However, consumers now expect more from corporations in terms of social responsibility. The document proposes four cornerstones of the "conscious corporation" of the future: 1) a purpose beyond profit, 2) a people-centered culture, 3) championing sustainability, and 4) respecting consumers' power. Examples of companies embracing these principles are provided. The rewards of cultivating a strong reputation through these means are discussed.
The document discusses the evolution of the new consumer toward smarter, more conscientious consumption. It covers trends showing consumers making wiser choices based on online research and reviews, and taking social and environmental factors into account. The section on food discusses how consumers are satisfying the twin pulls of health and pleasure through "conscious nourishment" - an approach that maximizes both by incorporating values like community, authenticity, and sustainability.
This document summarizes key findings from studies conducted by Euro RSCG on the future of travel and the new consumer. It identifies prosumers, who are influential travelers embracing innovation, as leading a transition in the travel and tourism category. Prosumers are blending traditionally conflicting aspects of travel like luxury and responsibility. The document outlines four trends shaping the industry: embracing green practices, providing experiences for personal growth and community, aligning with new media usage, and reinventing luxury service models.
The document provides marketing advice for companies during an economic recession, suggesting that brands should maintain or increase advertising, avoid cutting prices, and focus on innovation. It also examines changing consumer behavior, finding that many consumers are anxious about the future and actively hunting for bargains and value. The research indicates that consumers now associate value more with quality, trustworthiness, and customer service rather than just low price.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document discusses characteristics of the millennial generation born between the mid-1980s and early 2000s. It makes three key points:
1) Millennials have grown up in an ultra-connected world where constraints of time and space have disappeared due to technology and social media. This affects how they think and problem solve.
2) They have only known a post-communist, one-model world of liberal capitalism and see little notion of "us vs. them" globally.
3) They live in an uncertain time of shifting geopolitics defined by terrorism, wars, and religion-based conflicts, valuing adaptation over planning as a result.
The document explores how millennials
Millennial women have grown up in a "postfeminist" era where gender equality is broadly accepted. They do not view themselves as fighting for women's rights in the way that previous generations did. While barriers still exist, the struggles young women face today are less about outright battles between the sexes. Both men and women from the millennial generation prioritize love and friendship over money, power, and individual freedoms that were more important to previous generations. However, changing gender relations also present challenges as millennial couples work to define new relationship dynamics.
The document discusses the shift away from mindless hyperconsumerism towards more conscious and satisfying consumption. It summarizes the findings of a global study of over 5,700 people in 7 countries. The study found that in mature markets, people have grown tired of excess and are seeking more meaning and substance in their lives rather than accumulating material goods. The summary identifies 4 paradigms of the "New Consumer": 1) Embracing substance over shallow consumption, 2) "Rightsizing" consumption to desire less, 3) Seeking to grow up and take responsibility rather than prolonging adolescence, 4) Making environmentally conscious choices.
This document discusses emerging trends in travel and tourism, as evidenced by a new vocabulary that is developing. It identifies four major trends shaping the industry: 1) embracing green practices, 2) offering experiences that provide personal growth and sense of community, 3) staying connected to new media usage, and 4) embracing new models of luxury and customer service. These trends are overlapping and mutually reinforcing. The document explores these trends in depth through examples and research findings.
This document discusses the future of retail and the imperatives for retail brands to succeed. It identifies four imperatives for retail brands of the future: engage consumers, help consumers, motivate consumers through incentives, and target consumers based on individual priorities. It also discusses how retail brands can engage consumers through experiences, communication opportunities, and constant innovation. Prosumers, who are influential consumers, are identified as a group that retailers should focus on engaging. Retailer websites and online activities are highlighted as important channels for engaging with prosumers and consumers.
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
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During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
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3. THE FUTURE OF VALUE VOL 6
2 Introduction: Hunkering Down
6 Defining the New Value:
The Hunter-Gatherer Imperative
15 Communicating Value: A Semiotic Analysis
4. 2
“Wolves at the Door” (The Economist, Nov. 6, 2008)
“The New Financial Ice Age” (BusinessWeek, Oct. 13, 2008)
“Holding On for Dear Life: The Economy and You” (TIME, Mar. 9, 2009)
INTRODUCTION: Hunkering Down
For months on end, headlines in leading periodicals have spread
tales of economic gloom and doom. Consumers are waking up
to news of depleted investment accounts and plummeting home
values. Gas prices continue to fluctuate, and each trip to the
grocery store seems to cost more. Major corporations are surviving
only with the help of massive government bailouts, and more than
a few well-known institutions have shuttered their doors.
It’s a scary time for businesses. And it’s a scary constitutes value. As a first step, the agency
time for consumers, who have virtually no control fielded a quantitative study (n=500) in the
over the economic maelstrom that has descended United States, the United Kingdom, and France.
upon them. Yet how much of the consumer Using our Decipher® tool, we then conducted a
anxiety in evidence around the globe is a direct semiotic review of the communication of value,
response to reduced personal circumstances (e.g., analyzed research available online, and conducted
job loss, home foreclosure) and how much is the shop-along ethnographies in supermarkets and
result of a media-created zeitgeist of fear? malls. This research has afforded us a unique
perspective on how consumers are responding to
Beginning in December 2008 and continuing
current economic realities and how these realities
into 2009, Euro RSCG Worldwide has investigated
will likely affect future consumption choices.
the consumer response to the downturn and its
impact on purchase behaviors. Our intent was Note: In the interest of length, only select data tables are
to determine to what extent consumer attitudes included in this issue of Prosumer Report.
and behaviors have changed, with an emphasis
on understanding changing perceptions of what
7. 5
How much have you cut back
on personal and household How much do you expect to cut
spending in the last few months? spending in 2009?
A lot A lot
t: P: m: t: P: m:
17% 17% 17% 23% 14% 15% 18% 18% 18% 22% 14% 18%
A moderAte Amount A moderAte Amount
t: P: m: t: P: m:
27% 19% 28% 33% 26% 24% 34% 30% 34% 39% 35% 27%
A little A little
t: P: m: t: P: m:
42% 50% 41% 37% 47% 41% 39% 41% 39% 31% 41% 45%
none none
t: P: m: t: P: m:
14% 14% 14% 7% 13% 20% 9% 12% 9% 8% 9% 10%
t: Global Sample—total; P: Global Sample—Prosumers; m: Global Sample—mainstream Consumers
8. 6 Defining the New Value:
The Hunter-Gatherer Imperative
The overarching purpose of the study was to determine how, if at all, consumers’
definition of value has been affected by the downturn. What we found is that shoppers’
focus is now less on the price of individual transactions than on the perceived overall
value of the products and the purchase and ownership experience. For some time
now, Euro RSCG has studied the shift toward “experiential retail,” looking at such
phenomena as the theme-restaurant trend of the 1990s, the increase in in-store
diversions, pop-up retail, and multisensory store design. The “value experience”
consumers now seek is different in that it has less to do with sensory stimulation than
with making the very best choices. Done right, the purchase experience satisfies two
need states: hunting (the need for discovery—“Look what I found!”) and gathering
(the need for selectivity and trust—“This is a purchase I feel good about”).
Satisfying the Hunter
More than two-thirds of the sample admit to being
consumed with getting the best deal possible.
I am consumed with getting the
Evidence of that mindset can be seen in the best deal for a service or product
aggressive shopping practices taking hold online and I purchase
in the increased visits to such bargain bastions as
tag sales and secondhand stores. AGreeinG StronGly/SomewhAt
Significantly, the appeal of the “hunt” is not just
t: P: m:
about cost savings. Human psychology tells us
that real value is not found, it is discovered. Active 67% 73% 66% 66% 68% 66%
value hunters don’t want “something for nothing”;
they want to feel they have earned something not
“Knowing something’s available to the average shopper. They enjoy the
process and take pride in the effort they expend to
a good deal requires get the best deal. TIPS FOR CONNECTING WITH THE HUNTER
a transparent price This hunting instinct has important implications for • Continuously offer new news—not
policy.” (France) product promotion. First and foremost, the experience
just new products, but new stories
must offer opportunity for interactivity. This can be as
simple as requiring shoppers to register for promotional and associations.
codes or as complicated as creating an ambassador-type
program that rewards the most active evangelists with • Make the most of the Internet—
prizes and other incentives. Exclusivity also conveys
value: People want to think they are getting a deal
empower consumers (especially
available only to those who have made an effort to prosumers) to evangelize your
pursue it. Marketers are catering to this desire with brand in the digital world.
such promotions as “private” and “members only” sales,
which convey a sense of exclusivity even when all that’s • Invent promotions that offer a sense
required to qualify is an e-mail signup or prior purchase.
of discovery or require a little effort
Earlier this year, a home furnishings company in
Connecticut sent out postcards advertising a holiday
(contests, tell-a-friends).
weekend promotion. During each day of the three-
day sale, discounts deepened, with the best bargains • Let consumers discover your brand.
available on Sunday. The postcards challenged
customers to make the “right” choice: Do they visit
the stores on Day One, when the greatest selection is
available but at the lesser discount, or are they “brave
enough” to wait till Day Three, when discounts are
steeper but the selection might be more limited? It t: Global Sample—total
P: Global Sample—Prosumers
was a great way to actively involve bargain seekers in
m: Global Sample—mainstream Consumers
the thrill of the hunt.
11. 9
What’s a Prosumer?
Prosumers are the most influential men and women within any
market. Empowered by new technologies and improved access
to information, they have tipped the scales of power away from
manufacturers and retailers, and toward themselves. They are
highly knowledgeable and demanding consumers who expect
their brand partners to acknowledge their value and treat them
accordingly. Prosumers typically make up 15 to 25 percent of any
market. Euro RSCG Worldwide has made them an ongoing focus,
because, beyond their own economic impact, prosumers influence
the brand choices of others. Simply put, what prosumers are
doing today, mainstream consumers are likely to be doing six
to 18 months from now.
KEY PROSUMER TRAITS:
>> Embrace innovation—curious >> Are marketing-savvy and plugged in to
to try new things, challenges, multiple media sources
and experiences
>> Demand top-notch customer service
>> Keen on new technology and gadgets and access to information
>> Transport new attitudes, ideas, and >> Proactively seek to maximize control
behavior—they are “human media” over their lives through information,
>> Pursue timeless value communication, and technology
>> Recognize their value as consumers and >> Constantly seek information and
opinions; are eager to share their
expect brand partners to do likewise views and experiences with others
12. 10
“A good value has to take into account sustainability, protection of the
environment. It has to not be misleading anymore. Good value is linked to
fairness, to sharing, even to gifting.” (France)
This is not to say price is unimportant, but simply traditional value brands are pushing quality of
that it is but one factor in a broader consideration product and experience over price. McDonald’s has
set. When asked how satisfying various “added perfected the art of “food porn” photography,
values” are when making a purchase decision, “cost giving every menu item enormous visual appeal.
savings” came in at number one among mainstream JetBlue is a discount airline, but its communications
consumers; leading-edge prosumers, in contrast, center not on price but on the quality of the
placed “top-notch customer service” first. That’s a experience—from the blue leather seats to the
clear indication that service is set to become a name-brand snack selections. Zappos.com
more important criterion among the mainstream. differentiates itself from other e-retailers not by
offering lower prices or a better selection but by
The shift in focus from low price to high value can continually searching for ways to “wow” its
be seen throughout the marketing community. Even customers through service.
IN GENERAL, HOW MUCH SATISFACTION DO YOU GET FROM EACH OF THE
FOLLOWING “ADDED VALUES” WHEN YOU MAKE A PURCHASE?
Cost savings (e.g., sale price, discount Freebies (e.g., gift with purchase,
coupon, three for the price of two) free samples)
eXtreme/Quite A Bit eXtreme/Quite A Bit
t: P: m: t: P: m:
68% 72% 67% 71% 71% 60% 54% 62% 53% 58% 59% 44%
Top-notch customer service Item is made by a company I admire
eXtreme/Quite A Bit
eXtreme/Quite A Bit
t: P: m: t: P: m:
62% 76% 61% 67% 60% 60%
37% 48% 36% 45% 33% 33%
Item is made by a company I trust Feeling conscientious/making
eXtreme/Quite A Bit a difference (e.g., eco-friendly
product/packaging, % of purchase
t: P: m:
price goes to a good cause)
48% 59% 46% 57% 42% 44%
eXtreme/Quite A Bit
Item is scarce/hard to find t: P: m:
eXtreme/Quite A Bit 36% 46% 34% 37% 29% 40%
t: P: m:
t: Global Sample—total
42% 63% 39% 47% 43% 36% P: Global Sample—Prosumers
m: Global Sample—mainstream Consumers
13.
14. 12 “A good value now depends on whether I NEED it,
not just want it for the given price.” (U.S.)
The Added Value of Trust in
Anxious Times
Significantly, nearly half of the total sample As we have seen in its returns over the last few
(48 percent) and around six in 10 prosumers consider quarters, Walmart has emerged as a hero in these
purchasing a product from a company they trust as recessionary times. We would argue this is due, at
an added value. At a time when so many leaders least in part, to the fact that the massive discount
and institutions have proved unreliable, consumers retailer has come to understand that low prices are
are looking to brand partners they can count on not enough. With its new logo—“Save money. Live
today and over the long term. In the same vein, better.”—the company is highlighting the positive
sizable minorities in each market (and just less than role it plays in people’s lives. Importantly, the
half of prosumers) derive satisfaction from brand is not offering some sort of aspirational
purchasing the goods of companies they admire fantasyland, but, rather, “real” products sold by
and from buying items that make them feel “real” people who live in the “real” world. Through
socially or environmentally responsible. its $4 prescriptions and home-centered advertising,
Walmart speaks to the sense of interconnectedness
These latter findings speak to what Euro RSCG has and interdependency people craved even before
termed the humanization of business. It is no the downturn. Hyundai has done much the same
longer enough for companies to produce goods thing with its Hyundai Assurance guarantee, a
that are useful and defect-free. Consumers are tactic that has been broadly imitated in recent
demanding that the companies behind the months. More recently, discount retailer Kmart has
products act in a more conscientious way. More expressed its solidarity with the down-and-out by
than eight in 10 respondents agree that, to be offering a Smart Assist Savings Card to unemployed
successful, corporations of the future will need to residents of hard-hit Michigan. The cards give
show a more “human face”—meaning they must be the unemployed a 20-percent price reduction on
more caring toward people and take a more active Kmart’s private label goods for six months.
role in supporting community and social causes.
A near majority (46 percent) prefer to buy from More and more, consumers are seeking the added
companies that share their personal values. In value of brand partners that treat them in a way
every country surveyed, this is a trend led by that is distinctly human. For companies, this
prosumers. means building a relationship of trust based on
consistently good product and service quality, and
It’s easy to spot companies that have built their interacting with customers on a personal level.
brands on humanized values; they include such
icons as Whole Foods Market (“Whole Foods. Whole Today’s most successful brands are taking steps
People. Whole Planet.”), Starbucks (Fair Trade, to satisfy both sides of the modern-day value
profit sharing), and Google (“Don’t be evil”). In shopper: the hunter and the gatherer. They make
speaking with U.S. consumers during the current shopping an experience of personal discovery,
recession, however, it was a different sort of while also reassuring consumers that they are on
company whose name kept coming up: Walmart. a shared life journey.
tiPS for ConneCtinG with the GAtherer
• Promise a better real life; avoid the untrustworthy fantasyland of aspiration.
• Celebrate time-tested values; be nostalgic without being old-fashioned.
• Demonstrate a commitment to all; be a brand for the interdependent “us.”
• Embrace corporate transparency; admit to your objectives; don’t pretend you’re
not hurting as well.
• Customer service! It’s never mattered more.
• Build a genuine bond of trust.
15. 13 To be successful, corporations of
the future will need to show a more
“human” face (meaning they must care Compared with a few years ago, it’s
about people—employees, suppliers, more important for me to feel good
customers, etc.—and take a more active about the companies with which I
role in community and social causes) do business
AGreeinG StronGly/SomewhAt AGreeinG StronGly/SomewhAt
t: P: m: t: P: m:
82% 90% 81% 82% 78% 86% 46% 53% 45% 47% 41% 50%
I am more likely to buy a certain
Ethical conduct is a key factor for brand if I admire its parent
good business company
AGreeinG StronGly/SomewhAt AGreeinG StronGly/SomewhAt
t: P: m: t: P: m:
56% 72% 54% 79% 50% 41% 45% 64% 42% 51% 42% 41%
The most successful and profitable I prefer to buy from companies with
businesses in the future will be those a reputation for having a purpose
that practice sustainability other than just profits
AGreeinG StronGly/SomewhAt AGreeinG StronGly/SomewhAt
t: P: m: t: P: m:
53% 71% 50% 63% 54% 40% 38% 46% 37% 47% 38% 31%
I am willing to pay a bit more for a
I avoid shopping at stores that don’t product if a portion of the proceeds
treat their employees fairly goes to a good cause
AGreeinG StronGly/SomewhAt AGreeinG StronGly/SomewhAt
t: P: m: t: P: m:
50% 58% 49% 50% 47% 53% 43% 50% 42% 48% 34% 46%
I prefer to buy from companies with
I prefer to buy from companies that a reputation for being active in
share my personal values social causes
AGreeinG StronGly/SomewhAt AGreeinG StronGly/SomewhAt
t: P: m: t: P: m:
46% 60% 44% 48% 44% 47% 35% 48% 33% 34% 35% 35%
t: Global Sample—total; P: Global Sample—Prosumers; m: Global Sample—mainstream Consumers
16. 14 the APPeAl of fruGAlity in An erA of mindful ConSumPtion
The Future of Value confirms findings from two earlier studies by Euro RSCG: The Future of the
Corporate Brand (2008) and The Future of Shopping (2009). Once again, we see evidence that
consumers are moving away from mindless spending and toward a more measured, sustainable
approach to consumption.
More than a quarter of respondents (26 percent) believe their lives would be better if they owned
fewer things. This feeling is most prevalent in the U.S., where 31 percent agreed with the statement.
The extent of American “overownership” can be seen in the boom in self-storage facilities over the
past quarter century. Of the approximately 58,000 such facilities worldwide, 52,000 are in the U.S.,
totaling 2.35 billion square feet of storage space. The Self-Storage Association reports that one in
eight U.S. households now rents a self-storage space—an increase of 75 percent since 1995. This is
despite the fact that the average U.S. home increased from 1,660 square feet in 1973 to 2,400
square feet in 2004 (National Association of Homebuilders). That’s a lot of “stuff.”
After decades of accumulation, many consumers are finding satisfaction in downsizing—whether
that means minimizing day-to-day expenditures; replacing a gas-guzzler with a hybrid car; moving
into a smaller, more sustainable home; or growing vegetables in the backyard. These changes are
not just about saving money; they are also about feeling good. Excess consumption has left a lot of
people feeling worn out. They are sick of playing the accumulation game.
In this context, it is easy to see why a majority of Americans (55 percent) are deriving a sense
of satisfaction from reducing their purchases during the downturn. Near majorities in the U.K.
and France said the same. This satisfaction is tied, in part, to the overall move toward conscious
consumption and greener living: 80 percent of prosumers in the total sample and 69 percent of
others are feeling good about reducing the amount of waste they’re creating. Significantly, four
in 10 respondents don’t plan to go back to their old shopping patterns even when the economy
rebounds, and six in 10 are committed to reducing their credit card use over the long term.
Whether they will stick to these resolutions in flusher times remains to be seen, but the draw of a
more measured approach to consumption is unmistakable.
TO WHAT ExTENT DO YOU AGREE WITH THE FOLLOWING STATEMENTS?
My life would be better if I owned I am committed to reducing my use
fewer things of credit cards over the long term
AGreeinG StronGly/SomewhAt AGreeinG StronGly/SomewhAt
t: P: m: t: P: m:
26% 23% 27% 31% 25% 23% 60% 73% 58% 67% 57% 55%
I’m getting a sense of satisfaction I feel good about reducing the
from reducing my purchases amount of waste I create
AGreeinG StronGly/SomewhAt AGreeinG StronGly/SomewhAt
t: P: m: t: P: m:
48% 50% 48% 55% 46% 43% 70% 80% 69% 73% 72% 65%
I won’t go back to my old shopping
patterns even when the economy rebounds
AGreeinG StronGly/SomewhAt
t: P: m:
41% 41% 41% 47% 38% 38%
t: Global Sample—total; P: Global Sample—Prosumers; m: Global Sample—mainstream Consumers
17. 15 Communicating Value:
A Semiotic Analysis
Decipher® is a methodology Euro RSCG has refined from semiotics, the study of
visual and verbal signs and cultural codes. It allows us to decode how category
communications are changing and to anticipate future shifts. As part of the
study, we applied this tool to the subject of “value.” Here’s what we discovered:
In the past, communications of value were all Dolce & Gabbana. Celebrities assure us it is both
about the price game. Advertisers focused on smart and stylish to shop at Target, JCPenney,
cost savings—offering generic products, three for and other discount venues. Communications are
the price of two, and other forms of discounting. centered on shoppers being smart and discerning.
Underlying the communications was a sense of Us Every one of us deserves the best.
vs. Them: “We know you’ve been clobbered by the
big guys; we’re going to give you the low price Now our Decipher research has uncovered signs
you deserve.” More was definitely better. of another shift, this time toward getting the
right bang for one’s buck. Buying Brand A isn’t
More recently, value communications have focused just the smart thing to do; it’s the wise thing to
less on more bang for the buck than on a better do. Being wise means buying exactly what we
bang for the buck. The masstige movement has need—no more and no less. It is about a return
pushed quality over quantity (“Now you can have to such traditional values as frugality, temperance,
what used to be available only to the exclusive and common sense. Excess consumption is
few”). And value brands have taken on the codes out, replaced by a more values-infused way of
and cues of premium brands: Ads for economy cars considering goods: “Do I truly need it? Will I
are now virtually indistinguishable from luxury get good use of it? Do I trust the company that
car advertising, and H&M print ads have the look makes and sells it? Is the purchase ethically
and feel of advertising for high-end design house supportable?”
reSiduAl: dominAnt: emerGinG:
More Bang Better Bang Right Bang
for Your Buck for Your Buck for Your Buck
• Quantity; bigger is better • Quality; masstige; • Better experiences
smart/savvy
• Cheap is good; generics • Traditional values
• The way to a great life rebooted
• Save because you have to
• Stylish and playful • Save because it’s the
• Pile on “extras”—even
wise thing to do
if most of the bells and • Save because you’re
whistles will go unused smart
“Good value now has a lot more to do with getting good customer service
and having a minimal-to-positive impact on the environment. It is no
longer just getting the biggest bang for my buck.” (U.S.)
18. 16 emerGent vAlue CodeS
Experience Good Enough Revivalist Wisdom
(vs. consumption)
• brand as resource • voluntary simplicity, • concern for • less about getting
or tool for richer conscious consumerism responsible choices, one over on the big
experience relationships, brands than about
• transparent brand
community getting to what’s
• forgoing ownership personality, real
important
and accumulation product story, simple • can be about looking
packaging to future instead of • project a more plural,
• eBay, auction
past, taking the old inclusive, humble,
culture, Craigslist • magazines celebrating
and making it new well-adjusted outlook
cool self-reliance,
• rent a car, not an
pragmatism, DIY • Obama’s Inaugural; • YAWN (Young and
RV; charming hotel,
Anne Hathaway, Wealthy but Normal);
not a resort • Craftster.org, Make, Craft
Norah Jones Obama
“The most important thing a Brands of all types and sizes are tapping in to this new
dynamic: Etsy.com, the popular website for handcrafted
company can do to make me goods, offers consumers an appealing alternative to
feel I have gotten a good deal mass-produced, impersonal items. American Apparel
and other clothing retailers are rediscovering the basic
is to provide customer service T-shirt and pair of khakis. DeBeers is telling
women they don’t really need to splurge; a nice
that’s free and efficient, fair pair of diamond stud earrings will do. It’s not about
prices, and products of perfect doing without; on the contrary, it is about finding
satisfaction from getting just enough and no more.
quality, and to show respect
Smart marketers in every consumer-facing industry
for the environment and will find a way to communicate value messages—and
human values.” (France) values messages—just right for these times. That
means emphasizing such essentials as quality and
durability, while also promoting a backstory that
speaks to traditional values that were all but lost
in the conspicuous consumption of recent decades.
It also means actively engaging consumers in the
hunt for value, giving them the satisfaction of
finding or even earning something better than the
average person is able to attain. And it means
letting consumers know how the brand is making a
positive contribution to the broader world—whether
that involves surprising and delighting consumers,
tackling a hot-button global issue, or something
in between.
19.
20. Prosumer Reports is a series of thought leadership publications by Euro RSCG Worldwide – part of a
global initiative to share information and insights, including our own proprietary research, across the
Euro RSCG network of agencies and client companies.
Euro RSCG Worldwide is a leading integrated marketing communications agency and was the first
agency to be named Global Agency of the Year by both Advertising Age and Campaign in the same year.
Euro RSCG is made up of 233 offices in 75 countries and provides advertising,marketing, corporate
communications, and digital and social media solutions to clients, including, Air France, BNP Paribas,
Charles Schwab, Citigroup, Danone Group, Heineken USA, IBM, Kraft Foods, Lacoste, L’Oréal, Merck,
PSA Peugeot Citroën, Pernod Ricard, Reckitt Benckiser, sanofi-aventis, and Volvo. Headquartered
in New York, Euro RSCG Worldwide is the largest unit of Havas, a world leader in communications
(Euronext Paris SA: HAV.PA).
For more information about Prosumer Reports, please visit www.prosumer-report.com or contact
Naomi Troni, global chief marketing officer, at naomi.troni@eurorscg.com.
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