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The Futures Company 2012 © ‫׀‬ 1
How “experience” !
became the new black
The Futures Company 2012 © ‫׀‬ 1
The Futures Company is the world’s
leading foresight and innovation
consultancy. 

We combine best-of-breed quantitative
and qualitative datastreams, a 35-country
global intelligence network and a unique
set of proprietary frameworks and
methodologies to unlock new sources "
of growth for our clients.
The Futures Company 2012 © ‫׀‬ 2

 
 
 
Jeff Yang is The Futures Company's 

 
 
 
head of multicultural insights, overseeing

 
 
 
Mticultural MONITOR — TFC’s category-

 
 
 
leading insights service focused on 

 
 
 
America's dynamic ethnic consumer 

 
 
 
markets — and leading the delivery of 

 
 
 
custom consulting solutions that track 

 
 
 
and translate consumer attitudes and
behaviors across the African American, Asian American and Hispanic
communities. 

As a senior vice president in TFC’s Trends & Futures group, he provides
strategic consulting in technology and media, exploring the current
landscapes and emerging shifts in devices, services and content creation
and distribution. He writes Tao Jones, a regular column for The Wall Street
Journal Online (blogs.wsj.com/speakeasy/tag/tao-jones/), and can be
found on Twitter at @originalspin.
The Futures Company 2012 © ‫׀‬ 2
The slogan of the ’80s
Brands. Possessions. Things.
The Futures Company 2012 © ‫׀‬ 3
The slogan of the ’10s
Memories. Sensations. Experiences.
The Futures Company 2012 © ‫׀‬ 4
72% of Americans
would rather spend money !
on “experiences” than “things”
The Futures Company 2012 © ‫׀‬ 5
SOCIAL
TECHNOLOGICAL
ECONOMIC
ENVIRONMENTAL
POLITICAL
DESIRE FOR 
EXPERIENCE

a perfect STEEP storm
The Futures Company 2012 © ‫׀‬ 6
Social 
The Rise of the Millennials
The Futures Company 2012 © ‫׀‬ 7
95 million strong
Largest generation in history
$900 billion in buying power


62% say it is important to find excitement
and sensation in life (vs. 49% of Gen Xers)

43% say it is important to satisfy hunger for
new experiences (vs. 34% of Gen Xers)
The Futures Company 2012 © ‫׀‬ 8
Social 
The Multiculturalization of America
The Futures Company 2012 © ‫׀‬ 9
Four in 10 Americans
are nonwhite (by 2042, 51%)
$1.3 trillion in buying power

Novelty seekers: 
46% say it is important to stretch yourself !
to try new things (vs. 33% of whites)

Early adopters: !
36% say they tend to buy products with the
latest innovations as soon as they come out
(vs. 20% of whites)
The Futures Company 2012 © ‫׀‬ 10
Technological 
The Mainstreaming of Immersive Interfaces
The Futures Company 2012 © ‫׀‬ 11
62% of American kids 
aged 5-8 have used an iPhone


4 in 10 American kids 
under age 4 and over half !
of kids aged 5-8 have used !
an iPad
The Futures Company 2012 © ‫׀‬ 12
The Futures Company 2012 © ‫׀‬ 13
Economic
The Push for Disownership
The Futures Company 2012 © ‫׀‬ 14
52% of Americans 
have chosen to rent, borrow, or
lease items instead of buy them in
the past two years. 

49% plan to “disown”
traditionally-owned items in the
next two years.
The Futures Company 2012 © ‫׀‬ 15
Environment
The Drive for Sustainability
The Futures Company 2012 © ‫׀‬ 16
Two-thirds of global consumers
say they prefer to buy companies
that practice social responsbility. 

Nearly half (46%) say they are
willing to pay more for products
and services from these
companies.
The Futures Company 2012 © ‫׀‬ 17
Political
The Search for Inspiration
The Futures Company 2012 © ‫׀‬ 18
In 2008, 54% of Obama !
voters were "very enthusiastic."
Only 17% of McCain voters felt
that way.

In 2012, 3 of 4 Obama
supporters said their vote was for
him; 23% said they voted against
Romney.
The Futures Company 2012 © ‫׀‬ 19
!  Do sweat the details
!  Tell stories. Make memories.
!  Help them believe in magic
!  Surprise and overdeliver
!  Remember: !
Consumers remember
The Futures Company 2012 © ‫׀‬ 20
Thank you.
Jeff Yang, SVP, The Futures Company
jeff.yang@thefuturescompany.com
Twitter: @Originalspin

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The Perfect (Experiential) Storm: Why "experience" is the new black

  • 1. The Futures Company 2012 © ‫׀‬ 1 How “experience” ! became the new black
  • 2. The Futures Company 2012 © ‫׀‬ 1 The Futures Company is the world’s leading foresight and innovation consultancy. We combine best-of-breed quantitative and qualitative datastreams, a 35-country global intelligence network and a unique set of proprietary frameworks and methodologies to unlock new sources " of growth for our clients.
  • 3. The Futures Company 2012 © ‫׀‬ 2 Jeff Yang is The Futures Company's head of multicultural insights, overseeing Mticultural MONITOR — TFC’s category- leading insights service focused on America's dynamic ethnic consumer markets — and leading the delivery of custom consulting solutions that track and translate consumer attitudes and behaviors across the African American, Asian American and Hispanic communities. As a senior vice president in TFC’s Trends & Futures group, he provides strategic consulting in technology and media, exploring the current landscapes and emerging shifts in devices, services and content creation and distribution. He writes Tao Jones, a regular column for The Wall Street Journal Online (blogs.wsj.com/speakeasy/tag/tao-jones/), and can be found on Twitter at @originalspin.
  • 4. The Futures Company 2012 © ‫׀‬ 2 The slogan of the ’80s Brands. Possessions. Things.
  • 5. The Futures Company 2012 © ‫׀‬ 3 The slogan of the ’10s Memories. Sensations. Experiences.
  • 6. The Futures Company 2012 © ‫׀‬ 4 72% of Americans would rather spend money ! on “experiences” than “things”
  • 7. The Futures Company 2012 © ‫׀‬ 5 SOCIAL TECHNOLOGICAL ECONOMIC ENVIRONMENTAL POLITICAL DESIRE FOR EXPERIENCE a perfect STEEP storm
  • 8. The Futures Company 2012 © ‫׀‬ 6 Social The Rise of the Millennials
  • 9. The Futures Company 2012 © ‫׀‬ 7 95 million strong Largest generation in history $900 billion in buying power 62% say it is important to find excitement and sensation in life (vs. 49% of Gen Xers) 43% say it is important to satisfy hunger for new experiences (vs. 34% of Gen Xers)
  • 10. The Futures Company 2012 © ‫׀‬ 8 Social The Multiculturalization of America
  • 11. The Futures Company 2012 © ‫׀‬ 9 Four in 10 Americans are nonwhite (by 2042, 51%) $1.3 trillion in buying power Novelty seekers: 46% say it is important to stretch yourself ! to try new things (vs. 33% of whites) Early adopters: ! 36% say they tend to buy products with the latest innovations as soon as they come out (vs. 20% of whites)
  • 12. The Futures Company 2012 © ‫׀‬ 10 Technological The Mainstreaming of Immersive Interfaces
  • 13. The Futures Company 2012 © ‫׀‬ 11 62% of American kids aged 5-8 have used an iPhone 4 in 10 American kids under age 4 and over half ! of kids aged 5-8 have used ! an iPad
  • 14. The Futures Company 2012 © ‫׀‬ 12
  • 15. The Futures Company 2012 © ‫׀‬ 13 Economic The Push for Disownership
  • 16. The Futures Company 2012 © ‫׀‬ 14 52% of Americans have chosen to rent, borrow, or lease items instead of buy them in the past two years. 49% plan to “disown” traditionally-owned items in the next two years.
  • 17. The Futures Company 2012 © ‫׀‬ 15 Environment The Drive for Sustainability
  • 18. The Futures Company 2012 © ‫׀‬ 16 Two-thirds of global consumers say they prefer to buy companies that practice social responsbility. Nearly half (46%) say they are willing to pay more for products and services from these companies.
  • 19. The Futures Company 2012 © ‫׀‬ 17 Political The Search for Inspiration
  • 20. The Futures Company 2012 © ‫׀‬ 18 In 2008, 54% of Obama ! voters were "very enthusiastic." Only 17% of McCain voters felt that way. In 2012, 3 of 4 Obama supporters said their vote was for him; 23% said they voted against Romney.
  • 21. The Futures Company 2012 © ‫׀‬ 19 !  Do sweat the details !  Tell stories. Make memories. !  Help them believe in magic !  Surprise and overdeliver !  Remember: ! Consumers remember
  • 22. The Futures Company 2012 © ‫׀‬ 20 Thank you. Jeff Yang, SVP, The Futures Company jeff.yang@thefuturescompany.com Twitter: @Originalspin