Blog

  • Megatrends by John Naisbitt

    John Naisbitt’s Megatrends was on the New York Times bestseller list when it was first published in 1982. Naisbitt outlined some big long term trends that he’d found as part of a decade of research. Hence the mega in Megatrends; though one could argue that macro may have been a more accurate term to use.

    I wasn’t that familiar with the work of Naisbitt; but came upon it by a circuitous route.

    My circuitous route to Megatrends

    I was introduced to the works of futurist Alvin Toffler in college reading Future Shock, The Third Wave and Power Shift. At the time these were cited on the technology degree courses my friends were on; as well as the marketing course I was studying.

    My house mate and I would talk about Toffler’s books as much Robert Pirsig or Emmanuel Kant, on the sofa of an evening sipping really bad instant coffee. I wouldn’t say that those were particularly happy days for me, but they did give me the time to think and read. Something that is much more of a struggle now.

    As I became more interested in Asia in the late 1990s; l read about how Toffler had influenced technocratic leaders from Singapore to China. I also started to read about John Naisbitt. Like Toffler, Naisbitt had done the Asian speaker circuits, met senior officials and conducted projects in-country through the 1990s. The management consultancy Toffler Associates eventually operated in China on government and private sector briefs.

    Compared to Toffler; Naisbitt seems to have become much more personally committed to China and central Europe. He has alternately lived in Vienna and in Tianjin, China. As the dot com boom kicked off I was reading this book. It fitted right in with similar writings from publications like Gilder Technology Report, Wired and Upside.

    LONDON
    Megatrends by John Naisbitt

    Back to the Megatrends review

    In Megatrends Naisbitt sets out X large scale long term trends that he sees in society

    • Information society and the rise of the knowledge worker
    • High tech / high touch – Naisbitt saw that roles would focus more on technology, or on ‘high touch’ sectors where humans aren’t easily replaceable like nursing care
    • Globalisation – a move in focus from the national economy to the world economy as the world becomes more interconnected
    • A move in strategic focus from short-term planning to long term planning.
    • Decentralisation of power and structures
    • A move from institutional help to self-help
    • Bottom-up governance across government and other organisations as a channel for public opinion
    • The move from hierarchies to networks
    • The population shift in the US from north to south
    • Increase in consumer choice

    At the top line we can still see much of these changes. I can see how Naisbitt’s vision of globalisation would appeal to the likes of Singapore and China. I am less sure about how Chinese technocrats would have made of bottom up decision making or as Naisbitt puts it ‘participatory democracy’.

    Naisbitt failed to take the next logical step; to look at the interactions between the trends. Instead the chapters remained siloed, rather than in context.

    For instance that the decline of hierarchies and rise of knowledge workers saw layers of management shed by organisations. Or the link between consumer choice and the rise of globalisation.

    Conclusion

    Megatrends has value in the way that looks at trends without looking at the how (usually mentioning digitalisation or some similar vehicle of transformation). This is something that we probably wouldn’t be able to do now; given that our mindset is about big data and agile processes. More book reviews here.

  • US bankruptcies + more things

    Pandemic triggers wave of billion-dollar US bankruptcies – really interesting data points and charts on large US bankruptcies in this FT article. The bigger question are these billion dollar US bankruptcies like ripping a band-aid off as their demise was inevitable, or are good businesses going to the wall in extreme times? (paywall)

    The Effects of Hong Kong’s National-Security Law Are Already Clear | 新聞 – Yahoo雅虎香港 Just a few weeks after China’s imposition of a new “national-security law” on Hong Kong, we can already see the law’s effects: It has emboldened the Chinese Communist Party (CCP) to suppress dissent, punish activism, and create fear within the city’s democracy movement. In 1997, the United Kingdom returned Hong Kong, which it had governed for 99 years under a lease extorted from the Qing Dynasty, back to the People’s Republic of China. At the time, the PRC promised to preserve the political autonomy and freedoms the city had enjoyed under the British until 2047. The national-security law and the crackdown it initiated marked the breaking of that promise.

    An Oral History of ‘Tony Hawk’s Pro Skater’ – The Ringer – the bit about motion capture purely for marketing, rather than improving game play was gold

    Gen Zer men think feminism has ‘gone too far’ | Canvas8 – ok dodgy headline. The interesting thing about this is that it questions the blanket progressiveness wrapped around gen-z. Which is also an indicator of how useless generations can be as shorthand. It would be interesting to see how they compared to previous cohorts of 18 – 29 year olds. Not terribly surprising though. More consumer behaviour related posts here.

    Here’s Why Jackie Chan Is Really Unpopular in Hong Kong | Vice – accurate, but neglects to mention a number of relevant points. That the fate of Chan’s son (arrested on drug use) rests with the Chinese government. So there was at least one point of leverage that the party has over Chan. Adding to the complex relation of Chan’s relationship to the Chinese Communist Party is is own family history. Chan’s father was a Koumintang intelligence officer hounded by the communists. After successive assassination attempts on his life; Chan’s father eventually ran away to Hong Kong and eventually Australia where he worked as a cook. Chan’s mother had smuggled opium in her past. Meanwhile his brothers who were left in China lived a life of hardship full of communist punishments because of who their father was.

    The Case of the Top Secret iPod – TidBITS – interesting article about an impressive device hack to repurpose it for other things

    DigiTimes: HiSilicon engineers abandon ship – Huawei is apparently looking to build a 45nm silicon chip fabrication plant without US tech, which DigiTimes claims is ‘mission impossible’. Kind of related form the FT: Huawei employees worry about lay-offs after tougher US sanctions. Not surprised that the global marketing team seems to be taking the cuts. It was often quoted to me that ‘the best advertising for Huawei was its employees’ and attributed to Mr Ren. This was when the company was reluctant to do co-marketing deals and advertising for handsets

  • Eat Your Greens edited by Wiemer Snijders

    Eat Your Greens is a selection of articles curated by Wiemer Snijders on all things that come up for discussion amongst account planners. Branding, marketing, some home truths about innovation and the value of creative. Much of it recycles the stuff that account planners know from reading Sharp or Field and Binet. In addition there are a few that specifically address diversity, inclusion – but excludes ageism in terms of the ways it talks about these as an issue.

    Where’s the value in Eat Your Greens? The answer to that question depends on where you are in your career. As someone who is established in my career, I found it valuable in a few different ways.

    Some of the essays from the likes of Phil Graves, Mark Ritson and Ryan Wallman, Rose and Faris Yakob, Byron Sharp and Amy Wilson are strong enough to make Eat Your Greens worthwhile in its own right. For instance here’s some of what Ritson had to say:

    “The modern marketer has created an entirely stupid dichotomy between ‘digital communications’ and ‘traditional communications’… There are just tactical tools, and they can only be valued and selected once a target and a position and a strategy are in place. What’s more, it’s clear that most successful campaigns combine multiple channels for optimum success. Most studies suggest that the more channels a campaign includes, the better the ultimate ROI.”

    Mark Ritson in Eat Your Greens

    Going through the essays allowed me to come up with recommendations of new reading materials referenced in the essays – I have been using it to bulk up my Amazon list.

    Essays that I would particularly recommend:

    • What Ails Marketing by Mark Ritson
    • Post-Truth Telly by Tess Alps
    • To Target Or Not To Target, That’s Not The Question by Shann Biglione
    • Everybody Lies – The Importance of Psychological Validity In Consumer Insight by Phil Graves
    • The Devaluation of Creativity by Bob Hoffman
    • Biting The Hand That Feeds Us? Why Advertising’s Love Of Novelty Is Doing Brands A Disservice by Kate Waters
    • Why Innovation Isn’t As Sexy As Business Books Promise by Costas Papaikonomou

    For busy marketers or junior planners, Eat Your Greens is a nice introductory point for a number of issues in marketing, such as the corrosive digitisation of marketing.

    I think it fulfils an important role. Particularly for junior planners as many agencies now rely on an army of freelance talent. Eat Your Greens isn’t a substitute for having senior staff developing younger account planning minds on the job. But given the current state of agencies, its probably one of the best options that we have. More book reviews here and my slowly updated bookshelf here.

  • Things that caught my eye this week

    Burger King King of Stream campaign conducted in conjunction with Ogilvy agency DAVID based in Madrid, Spain. The King of Stream makes sense when you look only at the data. Target young people who do gaming. Presumably there is some group cohesion data or insight that shows a propensity to eat fast food with gaming.

    However what would have been an interesting half-formed idea in a brainstorm seems to have had a negative impact in real life. Often what makes sense on Excel isn’t that smart when it meets the real world.

    It reminded me of the introduction to Robert X. Cringely’s insiders story of the PC industry, Accidental Empires written in the 1991:

    … PCs killed the office typewriter, made most secretaries obsolete, and made it possible for a 27-year-old M.B.A. with a PC, a spreadsheet program, and three pieces of questionable data to talk his bosses into looting the company pension plan and doing a leveraged buy-out.

    Robert X. Cringely – Accidental Empires: How the Boys of Silicon Valley Make Their Millions, Battle Foreign Competition, and Still Can’t Get a Date

    Spreadsheets and the data models inside them can be extremely powerful business tools and also weapons of mass destruction. And King of Stream seems to be the advertising equivalent.

    The use of bot powered donations to Twitch with the donation sizes related to Burger King special deals had an adverse effect on the gaming community on Twitch for a few reasons.

    • Burger King is a big brand, yet isn’t engaging with the community in a respectful way. It was culturally tone deaf.
    • This was the bit that surprised me the most given Ogilvy’s reputation around its use of behavioural economics or behavioural science in campaigns. The ‘donations’ are miserly. There is a lot of psychology around the value of donations or gifts. If it really want to engage with the gamers, why not sponsor them?
    • The execution was intrusive and felt like spam

    More on this can be found on the King of Stream by reading this thread here. More on other Burger King campaigns here.

    https://youtu.be/236KSswX7v4

    Celebrating Hong Kong style milk tea. According to the descriptor on this video is made by the Cui Brothers in Hong Kong; though I suspect it might be carefully edited from other films. It features classic Hong Kong dishes including French toast and pineapple bun with butter.

    Indigo Gaming have put together this guide to cyberpunk culture. It is called part one, was done months ago and there doesn’t seem to be a part two yet. Part one of this guide to cyberpunk culture is worthwhile watching on its own.

    The best of dance music over the past 30 years or so in a Soundcloud account – The Classic Mix CD Series | Free Listening on SoundCloud – mix CDs were time capsules of what was hot in different clubs at the time. They owe their origins to the mix (cassette) tape packs that club promoters used to sell of their nights. Mixmag took that concept and came up with the first properly licensed recordings.

    The original ones were done as one track per DJ mix. At the time CD players would in a space between each track recorded on a CD. Even early versions of iTunes used to do the same thing with both mix CDs and recordings ripped of mix CDs.

    At their height, they were an amazing money maker for record labels. They received steady royalty payments from licensing their tracks to appear on these mix CDs. For example Gat Decor, who had a break out single called Passion – appeared on 191 compilations and mix CDs.

  • Influencer endorsements + more stuff

    Influencer endorsements fail to influence purchase decisions | WARC – Influencer endorsements play only a small role in affecting the purchase decisions of their followers, according to research from influencer endorsements platform Influencer and GlobalWebIndex. In their survey of consumers in the UK and US who follow influencers on social media, just 15% said influencer endorsements motivates them to make a purchase – the tenth most common response. In comparison, more than half of consumers who follow influencers say free delivery (57%) and offers/promotions (52%) would motivate them to make a purchase. – Interesting in light of the high amount of spend put around influencer endorsements by the likes of Unilever personal care and beauty products. Is this a lack of ‘influence’ or being more budget conscious that is the driver? There might need to be a readjustment of charges for influencer endorsements. Also as WARC notes, a long term test is required.

    Jailed WeChat User Says Chinese Police Monitor Overseas Accounts TooJin Chun, a former big data engineer at Huawei’s Nanjing Research Institute, meanwhile recently told reporters that all Chinese communications companies and internet service providers companies are required to monitor users on behalf of the ruling Chinese Communist Party. Faced with an official request for data, no company will resist, because they would cease to operate, he said. More on China here.

    Will Blaize Trailblaze Edge AI Market?   | EE Times – what people tend to miss about this is the pushback against the cloud, even with 5G connectivity

    Puncturing the paradox: group cohesion and the generational myth – BBH Labs – yet more evidence against generations

    Google giving far-right users’ data to law enforcement, documents reveal | Technology | The GuardianSaira Hussein, a staff attorney at the Electronic Frontiers Foundation, said in a phone conversation that EFF was concerned about the “vast amounts of user data” Google appeared to be voluntarily passing on to law enforcement, but questioned Google’s goal in doing so. “Are they expecting law enforcement to do something, or is this just a way of covering themselves? Does Google see its responsibility as simply reporting this to law enforcement and moving on?”

    Automated assistants – Wunderman Thompson Intelligence – limited but coming

    China drought, heavy rains spark concern over grain supply as Xi Jinping launches campaign against food waste | South China Morning Post – interesting when one reflects on this in conjunction with the Chinese government ‘clean plate’ initiative in the news last week

    She Helped Wreck the News Business. Here’s Her Plan to Fix It | WIRED – TL;DR brand safety is destroying online advertising in news and current affairs

    New Cold War With China Demands Radical Industrial Rethink for United StatesSince March alone, China has threatened to withhold medical equipment from the United States and Europe during the coronavirus pandemic; launched the biggest cyberattack against Australia in the country’s history; hacked U.S. firms to acquire secrets related to the coronavirus vaccine; and engaged in massive disinformation campaigns on a global scale. China even hacked the Vatican. These incidents reflect the power China wields through its control of supply chains and information hardware. They show the peril of ceding control of vast swaths of the world’s manufacturing to a regime that builds at home, and exports abroad, a model of governance that is fundamentally in conflict with American values and democracies everywhere. And they pale in comparison to what China will have the capacity to do as its confrontation with the United States sharpens

    Miss M: Guarding the City We Call Home | We Are HKersLike many of our forefathers, Mainland Chinese flee to Hong Kong and even overseas for obvious reasons.Among the younger students in my school, 80% have Mainland Chinese backgrounds (they are either from China or they speak Mandarin at home). Many treat learning English with disdain and fantasise that China will rule the world in the near future and foreigners will have to learn Mandarin to please the Chinese. This is a tragedy. Their parents send them to Hong Kong to study despite all the hardship, but the kids fail to forego their conservative Chinese mindset. This happens not only in Hong Kong, but also in Canada. The CCP have already gotten their hands on Chinese language newspapers such as Mingpao and Sing Tao Daily. Lennon Walls in Canadian universities are destroyed within days by Mainland Chinese students and their physical attacks on Hong Kong students are common – the degree of population change is quite phenomenal

    Why marketers should embrace Share of Search as a metric | WARC“The SoS calculation itself is simple. Calculate a rolling 12-month average of the various brands to be analysed, including your own. Total this. Divide each individual brand’s 12-month rolling average by the total and turn into a %. This is Share of Search, using Google Trends data.”