Digital or Death? Executive Digital Transformation Briefing 7.23.15

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Executive Luncheon – May 13, 2015 Ira Kaufman, PhD Sam Rasoul, MBA Entwine Digital DIGITAL OR DEATH?

Transcript of Digital or Death? Executive Digital Transformation Briefing 7.23.15

Page 1: Digital or Death? Executive Digital Transformation Briefing 7.23.15

Executive Luncheon – May 13, 2015

Ira Kaufman, PhD Sam Rasoul, MBA

Entwine Digital

DIGITAL OR DEATH?

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“[Television] won't be able to hold on to any market it captures after the first six months. People will

soon get tired of staring at a plywood box every night.”

– Darryl F. Zanuck, head of 20th Century-Fox, 1946

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““What use could this company make of an electrical toy?”

– Western Union president William Orton, responding to an offer from Alexander Graham Bell in 1876 to sell his telephone company to

Western Union for $100,000.

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Did you ever wonder why very successful executives globally know that digital will revolutionize marketing, and create a strategy, yet know they can’t execute it?

81%AGREE

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““Only a third of executives believe that their approach to digital is

correct”“

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⅙ have the skills to execute the strategy

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DO YOU FEEL THAT DIGITAL IS DISRUPTIVE?

ExecutivesVS

Millennials

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Transform or face Digital Darwinism

"When technology and society change faster than businesses are able to adapt, then the result is extinction"

EXECUTIVES HAVE ONLY 1 CHOICE

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Global Digital Landscape

New Business Models

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Strategizing with teams to develop competitive advantage

Integrating Millennials into a strategy to sustain your market position

Coaching executives to adopt a digital mindset

WHY AM I HERE?

Helping values-driven business to leave a legacy

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ManagingChange

DigitalTechnologies

WE DON’T KNOW WHERE TO START

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Digital Mindset◦ Flexibility◦ Integrity◦ Transparency◦ Openness

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Cultures Clash◦ What is the

advertiser telling us about his marketing practices?

◦ What is the consumer telling us about her mindset?

◦ Link to Video

THE BREAKUP

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IT WAS NOWControlled interactions Interactive dialogue

1 way messages 2 way messaging

Advertising not trusted Genuine communication among peers

Self-referencing Consumer judge quality

TV, radio, billboards Social media, mobile, video

Arrogant attitude Respectful attitude

Not responsive Flexible

Dogmatic Listening

RULES HAVE CHANGED

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““Twitter added live streaming video — the last advantage the TV guys think they have over the digital disruptors.”

TURNS an iPhoneinto a video broadcaster

Live streaming video goes viral

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“Zapcode connects to French-themed selfie via packets of flavored chips or pose with Wise’s famous owl mascot. Share across social channels, bridging

the on and offline experience.”

Zappar Augmented Reality

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Integrating Zapcode with Vusayed Video

Hover over zapcode Connect to Vusayed video & other digital content

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CUSTOMER IS BOSS

Impact: The Customer is Now in Charge◦ Very brand loyal◦ Blogs about every store visit◦ Uses e-coupons◦ Is a trendsetter◦ Shares pictures on social channels◦ Looks up pricing on mobile at

brick-and-mortar location

© 2014 Gartner. Inc

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“DIGITAL FIRST” STRATEGY

◦ Active listening pervades company◦ Data driven◦ Customer and employee centric◦ Integrated◦ Innovative

From Consumer behavior to Data-Drive, Influence Marketing

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DIGITAL INVOLVEMENT CYCLE

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“Values will affect processes, from product design and hiring new

employees to evaluating performance and

customer communications.

– J.E. Rash

INTEGRATE VALUES

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BREAKTHROUGH INNOVATION

Digital Innovation Unit◦ Low risk◦ Cross functional◦ Below radar◦ Empower employees

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DIGITAL INNOVATION UNIT

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“ “Values-driven business leave a legacy”“

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CREATING SHARED VALUE [CSV]◦ Sustainability crosses all generations

and cultures◦ Millennials want to make a positive

impact on the world◦ Four-dimensional bottom line:

people, planet, profit, prosperity◦ Generate sustainable outcomes

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“ “Change the Way You Think About Change”“

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““How Can Digital

Impact Your Business?”“

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Listen & Collect Data

◦ Link to Video

G-MALE

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Thanks!ANY QUESTIONS?Contact Me:Ira Kaufman, PhD • Sam Rasoul, MBA Entwine Digitalemail: [email protected]; [email protected]

Presentation crafted by Spencer Ploessl [a millennial] of Synecore [a digital agency]