15 Years of the Worldâs Most Valuable Brands

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@jeremywaite
15 Years of the Worldâs Most Valuable Brands
Yvon Chouinard on why @Patagonia is a purpose driven brand... http://www.lulu.com/spotlight/jeremywaite
"We need a new vision not a new version". Marc @Benioff
Failure by Houston
Follow: @ DrewHouston
Read: The Dip by Seth Godin
Watch: Drew Houston's MIT Commencement Address
Search: #Failure
Truth by Mathieu
Follow: @MarcfMath
Read: Contageous by Jonah Berger
Watch: Steven B. Johnsonâs TED âWhere do good ideas come from?â
Search:Â #ideapod
Preparation by Lincoln
Don't by Jobs.
Follow: @WalterIsaacson @JohnCMaxwell
Read: Presentation Secrets of Steve Jobs by Carmine Gallo
Watch: www.ted.com/talks/steve_jobs_how_to_live_before_you_die
Search: Forbes â7 Innovation Secrets of Steve Jobsâ
Speed by Gandhi.
Good social media advice...
Happiness by Biz
Full post on LinkedIn here.
Measurement by Deming
âYou canât manage what you donât measureâ, is a solid business maxim to live by, but it leads too many companies to assume that the more data they have, the more things they should measure. W. Edwards Deming understood this predicament so well that Ford Motor Company asked him to help turnaround their losses of $3Bn in 1979. Within 7 years, Demingâs advice made them profitable by encouraging Ford to only measure the things that really mattered. The same is true today. Successful brands must find their own Moneyball number. That one metric that really matters. Be it ROI, NPS or something inbetween, the best brands know that less is more.Â
Follow:Â @DemingInstitute
Read: Ultimate Question 2.0
Watch: 14 Points
Link: Plan Do Act Check
Originally posted on ideapod
Strategy by Drucker
In case you wondered why I'm not posting much on Tumblr these days ~ I'm enjoying spending more of my time on Ideapod or Medium. Worth checking out....
Career Ladders Are Like Jungle Gyms
Isn't it funny how we like to pretend that most journey's are linear. You go from A to B, you hopefully get there in one piece, and all is well. Maybe there's the odd bump along the way but for the most part - you end up roughly where you wanted to. Marketers pretend that many customer journeys operate in a similarly linear fashion but we all know that neither of these things are true...
That's why I love this new(ish) cartoon from Hugh gapingvoid because we've all been around the houses several times to get to where we currently are. This isn't a deep and thoughtful post ~ it's just a nostalgic reminder to myself...
I grew up wanting to be an stockbroker (seduced by Gordon Gekko's red braces) and set about my journey to study maths, economics and theology on the way to City University to study investment banking in London.
I worked in a bar for a while doing the whole cocktail juggling thing, while I decided what I really wanted to do.
From there I did marketing for a hi-fi retailer
Ended up in my dad's print, design and brand agency for a bunch of years
Left to set up my own agency
Had a big car crash
Worked as a giraffe keeper
Moved to a farm in Wales and wrote a book
Consulted for a few cool brands
Got a job in social media for a telco retailerÂ
Moved to London
Ran strategy at Facebook's ad agency
Moved to Adobe
Ended up with my dream job at Salesforce ExactTarget Marketing CloudÂ
Most of that journey seemed incredibly frustrating and very chaotic at times. And of course every time my career took a different turn I convinced myself that from then on things would calm down and straighten out. I do wear a waistcoat but I don't wear braces.
Looking back I understand that beautiful things come out of chaos. And in retrospect - I wouldn't want it any other way...
"Attribution" Is A Long Word Used By Small People
If ever there was a misleading headline....
The title is actually a quote I heard recently and thought this post seems as good a place to use it as any. Yes the person was being a douche-bag but they had a point. Kinda. So... whilst my Dogbert tweet continues to take on a life of it's own, the same thing seems to have happened to one of my friends. I few emails and DM's later and I'm in the middle of a feisty five person debate about attribution...
My Dogbert Tweet
Dogbert on big data consulting and dashboards ~ pic.twitter.com/MCd5rPH8vF
â Jeremy âď¸ (@jeremywaite)
April 21, 2014
Jack's #MyNYPD Tweet
The backlash on #MyNYPD campaign is another great example of completely misunderstanding social & public perception ~ pic.twitter.com/gbLBafEh3W
â Jack Ashman (@Jack_Ashman)
April 23, 2014
What both of us did was share something that we knew would add value to our communities on twitter, but we also did it quickly, as part of a wider conversion for fun. No commercial intent. No agenda or ulterior motive. Just sharing a cool piece of content that neither of us produced.
I bring this up because I was taken to task by someone on Twitter upset that my tweet had travelled so far, and they felt that I wasn't crediting the author. As much as I don't pay too much attention to follower counts, I did raise an eyebrow when I noticed that Alex had 205,000 followers ~ and so thought it was worth a deeper conversation.Â
#PSA: Please credit creator & link: http://t.co/bvEFpJZVN3 to sources of comics & photos you tweet. cc @jeremywaite pic.twitter.com/FwBGtRxXAc
â Alex Howard (@digiphile)
May 6, 2014
Coming back to my friend, Jack shared a killer quote from Unmarketing's Scott Stratten which had been transformed into a clever image. What he had no idea about was that I actually created that image. He'd seen it in many presentations and liked it enough to want to share it with his followers.
"People share emotions, they don't share facts".
And I think this raises a couple of interesting points. Both pieces of content credited their respective authors (Scott Stratten and Scott Adams), but their was a disconnect between the publisher and the person who was responsible for promoting it. I would argue that none of this matters because as social marketers, both Jack and I just wanted to share something cool with the people who take notice of our stuff. We weren't passing off anything as our own or intentionally ignoring the original author.
Where this gets interesting though is around the debate that brands have on the same issue. Their social content is created with commercial intent. It may be with a long term view that converts somewhere much further downstream, but for that reason attribution is very important. But my point is that attribution (tying content back to the original author) and tracking (tying content back to the original publisher) are two entirely different things.
It's a small distinction that some brands get confused about. Yes of course you should be tagging your content (or appending a custom url in order to track it's performance in your analytics tool of choice), but getting hung up on permissions means that some great content never gets shared or sees the light of day. I'm not saying you should beg forgiveness instead of asking permission, but I believe if you understand your audience well enough, they will always respect your intent.
Jack and I understand that GREAT content does one of 6 things;
Inspire
Inform
Educate
Entertain
Solve's Problems
Challenges
My tweet was close to the truth for many marketers and challenged them to have a conversation about exactly what value dashboards provide. Jack shared a great quote that inspired and informed social marketers about what social media should be used for.Â
Both of us shared links quickly (knowing a name was credited in the image) knowing that the right message, posted at the right time, would resonate well if targeted to the right audience (in our cases ~ our twitter followers). We could do this because we understood our audiences and we were prepared to add value to a conversation - without any commercial intent or desire to ego-surf or grow our own personal social networks.
In Tom Standage's brilliant book, Social Media, The First 2,000 Years - he talks a lot about community and ancient civilisations using social media and creating sharable content. One such group were the early Christians who used a word called agape. It's actually one of the only words in the Greek language that hasn't been translated into English, and also the only word for love that doesn't have any double meaning.
I love you means lots of different things to lots of different people (mum, dad, brother, friend, girlfriend, wife) it can also be applied to an object. Agape on the other hand only means one thing, "love that wants nothing in return". I mention this only because it's that kind of intent that creates viral content. Something put out into a community that doesn't expect anything in return. But for that very reason, some kind of digital karma often rewards a publishers genuine intentions with lots of eyeballs.
Audiences aren't stupid. They can usually recognise commercial content, no matter how well it is disguised. What we need is more digital marketers who genuinely want to add value to the communities that their organisation live in. This, by the way, is the main reason that digital marketing tools exist - in order to make sure that all content, shared at scale across many audiences, countries and languages - can be tracked, monitored and analysed properly, in order to better understand the way that people behave online. That in turn helps to create better content and provide better experiences for everyone.
Secret to content marketing: Audience first. Commercial intent second.
And that's the difference between traditional marketing and good content driven digital marketing. The best digital marketing has an element of 'agape'. Traditional marketing on the other hand is driven by commercial considerations first and audience second. (Not all traditional marketing, but most of it).
If you're interested in the wider debate around attribution and crediting the source of any cool stuff you share ~ Austin Kleon's new book "Show your Work" is a short and playful little read, but also one of the most thought provoking book I've read in a while. I think you'll enjoy it.
Why Did This Dogbert Tweet About Dashboards Travel So Far?
I have always been sceptical of dashboards and command work centres and judging by the success of this tweet - Iâm not alone...
Dogbert on big data consulting and dashboards ~ pic.twitter.com/MCd5rPH8vF
â Jeremy âď¸ (@jeremywaite)
April 21, 2014
300+ RTâs is a big deal on Twitter these days ~ so this one has obviously struck a nerve with a few peopleâŚ
Regardless of how amazing the technology is that drives a dashboard, they are only ever as good as the people who configure them. Given that the vast majority of people in the social industry havenât been in it that long, this could be a big part of the problem. Iâm planning to write a comprehensive post about social war rooms and dashboard best practise over the next few weeks (Tumblr isnât the right place for it), but if youâd like some reading in the meantime, Jeremiah Owyang wrote a really useful post here.
Weâve all seen our fair share of sexy dashboards that sparkle and look gorgeous on a big screen (maybe they even look news-worthy or win an award), but ultimately many of them add very little to an organisation. The dashboards that I love the most are the ones that not only display the most useful information, but can be exported as one page reports (ones that c-suite execâs might actually read).
"Only 14% of senior executives read digital marketing measurement reports" ~ According to a survey by eConsultancy
The main screen Radian6 dashboards Iâm working on internally display my 5Â Wâs - these are the main audience components that matter the most to me (alongside ROI and financial metrics obviously) ~
Who are you customers? (Influencers, advocates, promotors and detractors)
What are they saying? (Topic / keyword analysis)
Why are the talking? (Trends / predictive analytics)
When did these conversations take place? (Recency / time)
Where did these conversation happen? (Share-of-voice on each platform)
Itâs not really rocket science is it? But perhaps the fact that so many BAD dashboards exist explain why this tweet seems to have travelled so farâŚ
Note: Notice my intentional omission of (pretty worthless) âreachâ stats. Any smart brand marketer publishing content with commercial intent, would append a conversion tracking link to any such tweet, so that they can track any sales or uplift back to that initial piece of content.
Anyway ~ if good dashboards are your thing, feel free to check out this Radian6 video from MarketingCloud and let me know if youâd like any more info. It might be the tool that powers most of the worldâs most successful social dashboards and command centres ~ but donât forget that as with all technology, itâs only ever going to be as good as the people who set it up.
"We demand too much of technology and not enough of ourselves". Nate Silver
Looking around Heathrow today, it's funny how Virgin Atlantic cabin crew seem to carry themselves differently. Is it a business culture thing? Is it Richard Branson? Is it the Red Shoes? Probably a combination of many things ~ but what is clear is that they are different. In order to win in business you usually need to be "different, first or best". What I love about the creatives at Virgin is that all their messaging communicates that their service staff are like superstars. Just google any of Virgin's TV ads. One of my favourites is the 80's Frankie Goes to Hollywood ad that Virgin ran to celebrate their 25th anniversary in 2009. This ad captured perfectly the spirit of Virgin, but also put their flight crew on a pedestal. I'm not surprised people love working there I have a friend who is ex-Virgin cabin crew and she confirmed my assumptions. Virgin "feels" totally different to work for. No wonder there is such a huge waiting list to join the team. This is why I find it fascinating that other airlines still seem to promote their planes, journey times, in-flight entertainment, aircraft or prices instead of their people. I made a deliberate effort to make a similar point when I wrote my 80 Rules of Social Media. Referring to the worlds most successful digital brands, I said that "community managers are the real superstars of social media". I don't know why I was surprised that of all 80 rules, this was the one that seemed to resonate with the most people. People win over product positioning every time ~ just ask any good (Virgin) brand manager.
Sex, Brands & Rock'n'Roll ~ How Will JFK's Name Be Remembered?
4 years ago today I wrote a book called "Sex Brands & Rock'n'Roll". I wrote it more as a personal project than for any commercial reasons, but it started a chain of events that placed me in me my current job ~ and led to be writing my first 'real' book, "The 80 Rules of Social Business", due out soon.Â
So having stumbled upon my original notes this afternoon (I cringe at some of the cheesy writing now), I thought I'd share a chapter here just for old times sake...
How Will JFKâs Name Be Remembered?
 John F. Kennedy was the first âcelebrity politicianâ and the 35th President of the United States of America until he was assassinated in 1963. He was only in office for 2 years (during which time he didnât actually appear to achieve much), and yet he is regularly listed alongside Martin Luther King and Mother Teresa as one of the most admired people of the 20th century.
 Time Magazine cover 1961
JFK is Remembered for 5 Things
He was the President of America.
He was shot.
He gave one of the best speeches of all time with his, âask not what you can do for your countryâ inaugural address.
He announced in 1961 that his government would put man on the moon within a decade.
He had an affair with Marilyn Monroe.
 So Why Was His âPersonal Brandâ So Successful?
 Like any great leader, he knew exactly how to connect emotionally with the American public â his target audience. He understood branding (which is essentially just about story telling anyway), so I wasnât surprised to find out that while he was studying at Harvard Business, he produced a celebrity magazine called âFreshman Smokeâ. It was âan elaborate entertainment magazineâ, which featured outstanding celebrities of the radio, screen and sports world. He knew what people were interested in, what was relevant and even more importantly, he knew how to communicate it.
You only have to see the effect that he and his wife Jacqueline Bouvier had, influencing fashion trends and appearing in magazine photo shoots, to realise that they were treated more like pop singers or movie stars than politicians. In the dull world of politics and âgreyâ personalities, their brand was memorable and multi-coloured.
Why Should Brands Care About JFK Now?
1960 Presidential Debate with Richard Nixon. Youâve got to remember that while many of us are still discovering ways to embrace ânew mediaâ today, in the 1960âs TV was new media. JFK was the first real president of the âscreen eraâ and he realised early on how he could use television as a tool to win the presidency. When there was less than 0.2% of the popular vote between him and his opponent Richard Nixon, he focused his campaign around the first ever televised presidential debate. Most newspapers agreed that the way he communicated his message on TV ultimately won him the election.
JFK Had 42 Seconds to Change the World
In 1960, the average attention span for political sound bites was estimated by researchers at Harvard to be around 42 seconds. That was the amount of time JFK knew he had to communicate his message to the American people. During Bill Clintonâs campaign in 1992, that figure was down to around 9 seconds. The Obama campaign suggested that our attention spans were less than 5 seconds and they ran their âChangeâ campaign accordingly, with brief but powerful media slogans. 5 seconds!
They still communicated their pledges effectively and didnât dumb down their messages; they just split it up into bite-size chunks that were media-friendly. It certainly puts the 30 seconds elevator pitch into a new light doesnât it? Youâve not got 30 seconds to tell me why I should listen to you anymore â youâve got 5!
So⌠How would you reduce everything you stand for into just one sentence, so that people will remember your name? What would your sentence be? I've worked with a few people who have taken their own one sentence so seriously that they've taken a weekend away with only a notebook and a pencil to figure it out. Try it for yourself. I guarantee it would be time well spent.
I took the liberty of suggesting what JFKâs âone sentenceâ might look like, how about:
âHe was âThe original rockânâroll Presidentâ who inspired a generation, was adored like a celebrity, put man on the moon and slept with Marilyn Monroeâ.
 Not such a bad way to be remembered...