Category: business | 商業 | 상업 | ビジネス

My interest in business or commercial activity first started when a work friend of my Mum visited our family. She brought a book on commerce which is what business studies would have been called decades earlier. I read the book and that piqued my interest.

At the end of your third year in secondary school you are allowed to pick optional classes that you will take exams in. this is supposed to be something that you’re free to chose.

I was interested in business studies (partly because my friend Joe was doing it). But the school decided that they wanted me to do physics and chemistry instead and they did the same for my advanced level exams because I had done well in the normal level ones. School had a lot to answer for, but fortunately I managed to get back on track with college.

Eventually I finally managed to do pass a foundational course at night school whilst working in industry. I used that to then help me go and study for a degree in marketing.

I work in advertising now. And had previously worked in petrochemicals, plastics and optical fibre manfacture. All of which revolve around business. That’s why you find a business section here on my blog.

Business tends to cover a wide range of sectors that catch my eye over time. Business usually covers sectors that I don’t write about that much, but that have an outside impact on wider economics. So real estate would have been on my radar during the 2008 recession.

  • The Dentsu Way by Sugiyama

    The Dentsu Way highlights a very integrated approach to marketing communications. When I first started off in public relations Japan was described as a ‘backward’ market. This was supposed to be because PR wasn’t highly valued and Japanese advertising agencies like Dentsu would run an end-game around PR agencies. There wasn’t a specialism in the industry to the same extent as the US or EU. Of course, the reality was rather more complex. In the same way that the division of media and creative adversely affected the advertising industry, so has the division of earned and paid media. One agency, one integrated strategy has a better chance of delivering results.

    Of course, whilst the observations were true the facts drawn from them weren’t. Dentsu is one of the world’s biggest marketing communications groups not because it is backwards. The company has raised its profile in London due to the stand out work of Dentsu London over the past 12 months or so.

    Dentsu’s cross-communication offering looks remarkably prescient in many respects: insight-based planning is used to drive all activity. It is also interesting how closely psychology is linked to public relations campaigns looking to achieve product preference through attitudinal change. Whilst Bernays talked about this in his original work in the public relations field. The reality is that its used surprisingly little.

    For example a large PR agency pitching a vertical dinosaur-shaped lawn to be displayed in the middle of the Broadgate centre. The rationale was ‘its about plants’. This was while I was working inhouse on an FMCG relaunch, and the memory will forever stay with me.

    The Dentsu Way explains their organisation and an approach in an exhaustive manner and manages to quote Bruce Lee along the way with regards their approach to campaign planning. The book is easy to read and informative with great case studies from the Japanese market. I liked the book that I included it on bookshelf page of recommendations.

  • Deposit Files + more things

    Deposit Files – could be useful. Deposit Files is a WeTransfer competitor with much more flexibility. The premium version allows you to upload files of 10GB in size. So ideal for large video projects.

    Top 15 websites in Russia (Digital Knowledge Centre – Digital Intelligence)

    Shrib: A Simple Online Scratch Pad: Business Collaboration News « – interesting idea, potentially open to abuse though

    For social search, similarity could trump friendship – O’Reilly Radar – common interests rather than commonality

    How Facebook Connect Freaks Me Out – great points on Facebook by Danny Sullivan. More on Facebook here.

    IABUK : Steps to success – for mobile marketing

    Tablets Are Already Crushing Growth In The PC Market

    Windows Phone 7 Sales Eclipsed by Android – and Symbian – interesting anecdote, however WP7 was as much about getting Microsoft back in the game at all. A more worthy comparison would be WebOS

    In the smartphone market, Apple users remain the most loyal

    Simfy, the German Spotify, tunes into 16m-strong student network – smart move by StudiVZ

    How To Turn Google Translate Into Google Beatbox – absolutely brilliant

    Microsoft Sees Revenue Opportunity in Phone Patents | AllThingsD – interesting that they are even mentioning plan B

    Public Relationships: Social Media Consultant – Is there a market for this profession? – interesting take on things by Jeremy Woolf

    FMCG goods ‘recession-resistant’, says Unilever Asia president – Brand Republic News – developed world not likely to recover ‘any time soon’

    Does your Facebook campaign break the rules? | Econsultancy – lots of marketing campaigns breaking the rules, worthwhile monitoring competitors and grassing them up

    Morgan Stanley’s Legendary Tech Analyst Mary Meeker Moving To Kleiner Perkins – interesting move. Meeker maybe about Kleiner Perkins accessing large financial institutions pockets and relationships for M&A?

    Apple Lawyers Up for Patent Showdowns With Nokia, Motorola, HTC – BusinessWeek – legal battles in mobile escalates

    I, Cringely » Blog Archive » The Decline and Fall of E-Mail – more like decline in prominence but otherwise good stuff here

    Chanos vs. China – Fortune Finance – interesting opinion piece for and against the Chinese property market

    Poking, Tagging and Now Landing an M.B.A. – NYTimes.com – really surprised by the low completion rate quoted for online courses

    Why are men’s magazines being left on the shelf? – Press, Media – The Independent – interesting article. I buy magazines and media: just not men’s magazines. Esquire used to have great reportage but has gone off the boil. My current print diet is Wired US edition, Monocle (for the great reportage) and the occasional issue of an i-D, Vice, an audio engineering or DJ magazine

    CitizenMap | South China Morning Post – really interesting project to visually show news and readership feedback

    Reeder – interesting RSS client for iPhone and iPad (Mac coming soon) that syncs with Google Reader. It is also worthwhile looking at Newsblur

  • BP & more news

    BP

    How the Gulf crisis made BP British again. – By Daniel Gross – Slate Magazine – interesting study in crisis communications. BP is one of the oil industry’s ‘seven sisters’ or supermajors. Although that term doesn’t reflect the power of national oil companies in places like China, Saudi Arabia, Norway, India and Qatar. BP is vertically integrated in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. It has been steadily building out interests in alternative energy such as solar as well. The British positioning of BP is at odds with the fact that the company operates in 80+ countries. The company came out of British efforts at oil exploration in what’s now Iran at the beginning of the 20th century. BP has been in Alaska since 1959 and was one of the first majors in the North Sea.

    BP

    Culture

    Sissy Bounce, New Orleans’s Gender-Bending Rap – NYTimes.com – Derek B’s 808 roll on Rock the Beat is a cornerstone, immortalised like The Winston’s Amen Brother. Really interesting sound very similar in spirit to the roots of hip-hop like the live shows back in the day at Harlem World

    80 Blocks From Tiffany’s – gangland culture in 1970s New York

    Economics

    Long-term unemployment: Leaving the labour force, bit by bit | The Economist – interesting article on the economic impact of the long term unemployed

    How to

    Apple – Support – Manuals – goldmine of Mac stuff

    Japan

    中古レコード・CDの販売/買取 COCONUTS DISK – awesome Tokyo record store

    飛騨高山 留之助商店 本店 – amazing Japanese store full of modern pop art and cool kitsch stuff

    As Some Vow to Scale Back, Panasonic Pushes Vast Catalog – NYTimes.com – similar challenges to what Sony faces

    FT.com / Companies / Automobiles – Japan’s new rules change face of AGMs – will this make it harder for Yakusa to disrupt and hassle Japanese company AGMs and will it help corporate governance?

    In a Partnership of Unequals, a Start-Up Suffers – NYTimes.com – Bill Gates-owned Corbis convicted of fraud and ‘misappropriation of trade secrets’ – basically piracy

    Media

    People worry about over-sharing location from mobiles, study finds | Technology | guardian.co.uk – may hamper adoption of where2.0. Yahoo!’s FireEagle project was precient in the way it allowed users control over how exact location data was

    Online

    Will Zynga Become the Google of Games? – NYTimes.com – nice profile of Zynga

    People worry about over-sharing location from mobiles, study finds | Technology | guardian.co.uk – may hamper adoption of where2.0. Yahoo!’s FireEagle project was precient in the way it allowed users control over how exact location data was

    Yummly – Think outside the recipe box. – interesting take on the recipe site using semantic technologies

    Software

    Digital Domain – Even With All Its Profits, Microsoft Has a Popularity Problem – NYTimes.com – Microsoft’s financial performance is not not reflected in its share price and a far bit of that has to do with the corporate communications letting the organisation down

    Windows Phone 7 a ‘disaster’ says Infoworld after developer demo | Technology | guardian.co.uk – could Microsoft have a completely screwed ‘Vista-like’ mobile strategy on its hands? This isn’t the first time that a Windows demo had gone wrong for Microsoft, in the past the company still managed to do really well selling the Windows product in question

  • Influence singularity

    This post on what I am calling influence singularity (and some other trends) came from discussions whilst travelling. I have been on the road a fair bit and have speaking to a number of people coming from all aspects of communications and marketing. Speaking to these different people has covered a lot of areas but three trends stood out:

    • Influence singularity
    • Welcome to your new press spokesperson, your customer care rep
    • Inhouse vs. agency

    I have explored these trends in a bit more depth below.

    Influence singularity

    Increasingly we are seeing agencies of all ilks: PR, advertising, marketing, digital and everything in between are descending on the area of influence – creating an influence singularity. This influence manifests itself primarily through social media and digital; though it can manifest itself in experiential events like un-conferences and meet-ups. One of the best campaigns I have come across was the RNLI’s efforts to engage with young people.

    RNLI

    A social media campaign thought through and brought to life by a direct marketing agency: they saw the interaction in a similar way to the relationship between an organisation and the recipient of a direct mail piece. Instead of a purchase call to action, they provided a task to be completed. It is not only at agencies where this conflict is happening, I hear anecdotally that marketers are having PR discussions both online and offline actvities and carving it up with no PR people involved.

    The communications heads that were left out instead retreated to focus purely on corporate communications: outflanked, outgunned and out of their depth in a digital world. PR agencies where they have been involved, are often working with marketing managers as the inhouse PR people are not clued in.

    A secondary aspect of this, is that where the role is reversed and the PR department has led on social media, they are now having their efforts hijacked by marketers playing catch-up – because the marketers feel that they should be the owner, have better budgets and often have the ear of the board.

    This then begs the question: does PR the profession, its practitioners and the business need to have a rapid rebrand as a profession before it becomes roadkill?

    Welcome to the new press spokesperson: your customer care rep

    Back in 2004, I wrote a blog post about some comments that Microsoft CEO Steve Ballmer had made about iPod owners having devices full of stolen music. I dashed off a missive to Microsoft.com’s customer service form and got a response.

    At the time John Lettice, when writing about the affair in The Register said:

    We’re sure iPod owners will regard being called law-abiding by an exec from a company with Microsoft’s legal experience as a high point to end the week on. But, you ask, how the blazes did we get to this one? We have Ged Carrol’s blog to thank. Mightily offended by Ballmer’s original comments, Ged used the feedback system at microsoft.com to demand an apology, and he got one. The possibility of feedback systems of this ilk actually working had never occurred to The Register, so we’ve never bothered trying, but if you want your very own grovel, insert your outraged howls here.

    At that time, journalists didn’t think of customer care representatives as a source of comment. Six years later and with social media on tear, the customer care representative is increasingly on the frontline of reputation management.

    Some of the discussions I have been involved with has been about the interface between PR and customer services. Where is the overlap? How do you ensure efficient and effective task management between the two? The last question is being addressed with solutions from the likes of Brandwatch and Salesforce.com.

    Inhouse vs. agency

    I was discussing in-house versus agency with some people recently and one of the key points they made was that whilst agencies provide flexibility in terms of manpower and access to tools that an in-house team couldn’t justify because of cost, social media’s need for immediate and decisive responsiveness required organisations to re-address their in-house requirements and expand their current capability.  This is a great opportunity for measurement companies, other organisations that provide ‘horizontal’ services and e-lance digital communications people to interject as these considerations are being made. It may also cause some agencies to start thinking about what an agency means and how they can change the structure of their offering to ensure that they remain relevant.

  • Wonder Girls

    The Wonder Girls caused me to reflect on pop music as a business. We are so used to manufactured pop music artists by the likes of Tom Watkins, Stock | Aitken | Waterman and more recently Simon Fuller’s 19 Entertainment. Some of these groups like Wham, Kylie Minogue and Take That had international success. We have gotten used to the dominance of western international recording artists.

    Wonder Girls Daum

     Wonder Girls Korean fan site.

    It is this heritage that makes the Wonder Girls phenomena: a Korean girl-band managed by a Korean team getting a Billboard top 100 hit all the more remarkable.

    Wonder Girls MySpace

    Wonder Girls MySpace page

    That kind of success takes more than talent and good looks – the world music industry is littered with talented beautiful failures. The Wonder Girls are creatures of the internet age, they started off conventionally enough in South Korea and then used their South Korean fan base to spring board into the US marketplace.

    There were two parts in this story which made a great use of social media:

    You could argue that they are a part of the ongoing Korean Wave: a rise in popularity of Korean music, television and film culture which has swept Asia and started to gain popularity in the west like the Japanese film, manga and anime industries before it.

    Wonder Girls Facebook

    Wonder Girls Facebook page

    However where the group breaks rank with the Korean Wave is in the proactive targeted nature of their marketing; which is more reminiscent of aggression and entrepreneurship of the Japanese car, camera and consumer electronics industries which shook things up in the 1960s and 1970s. More related content here.