CPG: HBC What’s the Marketing ROI? At the Cannes Lions a few months ago, Mastercard CMO Raja Rajamannar and CFO Sachin Mehra gave a joint talk on the CMO/CFO relationship called “Happy Tension.” Raja described the typical dynamic this way: “It’s shocking that less than 40% of the finance people think that marketers can make sound commercial decisions, leaving the remaining […] Tom Fishburne September 24, 2023September 24, 2023 3 min read Fun & HumorExecutivesResults & InvestmentSponsoredPartnershipsTargetProcter & GambleData & Insights 0 Saving Bookmark this article Bookmarked
Department: Nonfood Productively Unproductive Dwight D. Eisenhower reportedly prioritized his work life by classifying tasks as important or not important, and urgent or not urgent. The resulting two-by-two graph became known as The Eisenhower Matrix and it influenced a lot of thinking in work productivity. We generally spend far too much on work that is urgent but not important. […] Tom Fishburne September 17, 2023September 17, 2023 3 min read Fun & HumorTechnology & InnovationAssociatesDept. NonfoodESG and CSRDept. FreshMarketing: Social MediaMeta (Facebook)Data Visualization 0 Saving Bookmark this article Bookmarked
Corporate Strategy Ratings Fatigue Net Promoter Score (NPS) turns 20 later this year. What Bain consultant Fred Reichheld first introduced in a HBR article in December 2003 is now ubiquitous. The “how likely are you to recommend” question is asked endlessly after customer experiences, large and small. The metric that this question generates is now tracked by two-thirds […] Tom Fishburne September 3, 2023September 7, 2023 3 min read Fun & HumorShoppersCustomer ExperienceMarketing: UGCTechnology & InnovationPartnershipsExecutivesDelivery 0 Saving Bookmark this article Bookmarked
Data & Insights Generative AI Adoption I love the analogy of ChatGPT that Hubspot CTO Dharmesh Shah shared at the start of the year: “Netscape was to the Internet what ChatGPT is to Artificial Intelligence. “The Internet existed before Netscape. But the browser helped millions of mere mortals connect the dots on what could be done, and dream of what could […] Tom Fishburne August 27, 2023August 29, 2023 2 min read AITechnology & InnovationFun & HumorConsultingChatGPTData & InsightsCompetitionExecutivesMarketing: Social Media 0 Saving Bookmark this article Bookmarked
Corporate Strategy Third-Party Cookiepocalypse Nearly 10 years ago, I drew one of my most popular cartoons that showed a Peeping Tom looking through the window of a living room at a couple. One says, “Don’t worry, it’s only marketers collecting our personal data so they can create more relevant advertising for us.” Third-party cookies have been at the center […] Tom Fishburne August 13, 2023August 13, 2023 3 min read Fun & HumorTechnology & InnovationData & InsightsAIGooglePredictions and ForecastsDept. NonfoodStrategyConsumersMarketing: Direct & Personalization 0 Saving Bookmark this article Bookmarked
Corporate Strategy The CMO Role “In some organizations, just the expectations of CMOs are just so out of whack with the reality of what a CMO can really deliver on the timelines, and with the resources and with the headwinds that they have… “I think that in some organizations, you’re just being set up to fail, right?” Gartner analyst Chris […] Tom Fishburne July 30, 2023July 31, 2023 2 min read ExecutivesFun & HumorCustomer ExperienceTechnology & InnovationSustainabilityShoppersInsight Providers 0 Saving Bookmark this article Bookmarked
Media & Marketing Brands on Threads Meta debuted their own version of Twitter a couple weeks ago called Threads. The launch created a fire drill for many a marketing team, deciding whether to jump in and if so, in what way. Part of the alarm was caused by the record user growth of the app. At 100 million users in five […] Tom Fishburne July 23, 2023July 24, 2023 3 min read Fun & HumorMarketing: Social MediaMeta (Facebook)ESG and CSRTwitterAmazonHealth & WellnessStrategyTechnology & InnovationDept. NonfoodDept. Natural / OrganicDept. ApparelChatGPTAI 0 Saving Bookmark this article Bookmarked
Technology & Innovation Crossing the Chasm I’ve drawn a few different cartoons over the years riffing on Geoffrey Moore’s 1991 classic, “Crossing the Chasm.” I once had the opportunity to give him the original of one of these when we spoke at the same Silicon Valley conference. Given the faddish nature of conventional wisdom in marketing, I particularly appreciate models like […] Tom Fishburne July 16, 2023July 16, 2023 3 min read Fun & HumorMeta (Facebook)MetaverseTechnology & InnovationConsumersTrends: TechTech: AR and VRExecutivesResults & InvestmentStrategy 0 Saving Bookmark this article Bookmarked
Media & Marketing 5 Stages of Price Promotions “Price promotions are a drug. They are the crack cocaine of marketing. I hope we’ve seen an end to the senseless promotions that we’ve seen.” Les Binet, group head of effectiveness at adam&eveDDB, shared these thoughts at last year’s IPA’s Global Effectiveness conference. Much of the spike in sales that brands see during a […] Tom Fishburne July 2, 2023July 2, 2023 3 min read Fun & HumorMarketing: TradeHoliday & EventsEconomyConsumersMarketing: BrandInsight ProvidersBig Data 0 Saving Bookmark this article Bookmarked
Media & Marketing Innovation and TikTok The WSJ had a great feature last week on Chipotle and the “Keithadilla.” It was a fascinating case study on the state of innovation in the age of TikTok trends. In late 2022, a TikTok influencer named Keith Lee reinterpreted the Chipotle Quesadilla as an off-menu hack that included a DIY sauce combining Chipotle-Honey Vinaigrette […] Tom Fishburne June 25, 2023June 25, 2023 2 min read Marketing: Social MediaTikTokFun & HumorTechnology & InnovationRestaurantsAssociatesConsumersOperations & Supply ChainExecutivesGeneral MillsDept. GroceryDept. ApparelThick DataMarketing: In Store 0 Saving Bookmark this article Bookmarked
Data & Insights Impact of ChatGPT Salesforce recently found that 67% of senior IT leaders are pushing to adopt generative AI across their businesses in the next 18 months, with one-third naming it their top priority. At the same time, a majority of these senior IT leaders have concerns about what could happen. Among other reservations, the report found that […] Tom Fishburne June 18, 2023July 11, 2023 3 min read AITechnology & InnovationFun & HumorChatGPTMarketing: VoiceInternational - North AmericaAssociatesProcter & GambleExecutivesConsultingDept. Nonfood 0 Saving Bookmark this article Bookmarked
Technology & Innovation Virtual Reality Scott Galloway had an interesting take on Apple’s Vision Pro announcement last week: “It will officially be the most elegant final nail in the coffin of this sort of headset-driven VR consensual hallucination.” If it’s a “headset-driven VR consensual hallucination,” it includes not only the tech players, but all of the brands that jumped on […] Tom Fishburne June 11, 2023July 11, 2023 2 min read MetaverseFun & HumorTechnology & InnovationTech: AR and VRTrends: TechAIResults & InvestmentThick DataConsumersEconomyExecutivesIndustry Conferences and EventsMarketing: Social MediaTwitter 0 Saving Bookmark this article Bookmarked
Shopper & Customer Push Notification Fatigue Braze recently reported that the average smartphone user receives over 40 push notifications a day. The Atlantic pegged the daily number of push notifications even higher, between 50 and 80. Here’s how Atlantic staff writer Amanda Mull categorized push notifications last week: “Push notifications may indeed be the smartphone’s defining feature. They are, if nothing […] Tom Fishburne May 30, 2023May 30, 2023 2 min read Fun & HumorConsumersCustomer ExperienceShoppersTechnology & InnovationHealth & WellnessAssociates 0 Saving Bookmark this article Bookmarked
Corporate Purpose Media Context and Brand Suitability Where an ad appears can sometimes communicate more than the ad itself. Keith Browning, LinkedIn’s brand marketing global lead, shared an interesting analogy a few years ago on the relative importance of content and context. He recounted an experiment by Joshua Bell, one of the top violinists in the world. One day, Joshua stepped onto […] Tom Fishburne May 22, 2023July 11, 2023 2 min read Fun & HumorMarketing: Digital MediaMarketing: Social MediaTargetPhilanthropyMarketing: BrandData & InsightsConsumersAI 0 Saving Bookmark this article Bookmarked
Corporate Strategy Social Listening and Consumer Insights “The plural of anecdote is not data,” the old aphorism goes. I think the inverse is also interesting: “The singular of data is not anecdote.” Marcus Collins, Head of Strategy at Wieden+Kennedy New York, made the following observation a couple years ago: “Though the amount of data available to marketers has increased exponentially over time, […] Tom Fishburne April 30, 2023April 30, 2023 2 min read Fun & HumorData & InsightsESG and CSRMarketing: Social MediaTechnology & InnovationConsumersBig DataThick DataStrategyDept. Beverage 0 Saving Bookmark this article Bookmarked
Data & Insights Focus Groups and the Oracles of Eden Prairie This cartoon is less about focus groups than how we often use focus groups. Or really any type of market research. Years ago, I overheard some agency friends joke about “the Oracles of Eden Prairie.” Eden Prairie is a suburb of Minneapolis, where a lot of focus groups happen. These agency friends went […] Tom Fishburne April 23, 2023July 11, 2023 3 min read Technology & InnovationAIFun & HumorThick DataConsumersDept. GroceryData & InsightsPackagingMarketing: TradeMarketing: Social MediaBig DataDept. NonfoodPepsiCoESG and CSR 0 Saving Bookmark this article Bookmarked
Retail Ecosystem Podcasts for Everyone In 2019, I drew a cartoon poking fun at the explosion of new podcasts, with one podcaster saying to another: “Thank you for being a podcast guest on my new podcast about podcasting for podcasters starting podcasts to podcast to other podcasters.” At that point, Apple claimed 700,000 unique podcasts on iTunes. Then came Covid. […] Tom Fishburne April 16, 2023April 16, 2023 2 min read PodcastsFun & HumorTechnology & InnovationStrategyShoppersESG and CSRCOVID19Agencies 0 Saving Bookmark this article Bookmarked
Technology & Innovation Navigating AI Hype My cartoon last week, “AI Written, AI Read”, has already become one of my more widely shared cartoons ever — nearly a million impressions on LinkedIn alone. Generative AI is clearly on a lot of our minds right now. Nat Friedman, former GitHub CEO, voiced the level of hype related to Generative AI at a […] Tom Fishburne April 3, 2023July 11, 2023 3 min read Technology & InnovationAIFun & HumorDept. BeverageblockchainInsight ProvidersStrategyCryptoMarketing: Social MediaChatGPTTwitterMarketing: BrandStart UpsExecutives 0 Saving Bookmark this article Bookmarked
Data & Insights Do Something There’s a counter-intuitive Buddhist line that has stuck with me: “Don’t just do something, sit there.” It’s particularly useful in times of uncertainty or even panic, when the temptation is to follow the herd, or take action for the sake of taking action. Sometimes the best action to take on a situation is no action […] Tom Fishburne March 19, 2023July 11, 2023 2 min read Fun & HumorTechnology & InnovationAIKellogg'sPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Media & Marketing Maslow’s Hierarchy In last week’s cartoon, I parodied some of my favorite clichés in marketing presentation slides. With just six panels in that cartoon, I had to leave a lot on the cutting room floor. One of my other favorite used and abused slides is the ever-present framework, Maslow’s Hierarchy of Needs. Psychologist Abraham Maslow first […] Tom Fishburne March 12, 2023March 12, 2023 3 min read Fun & HumorStrategyMarketing: Loyalty & SubscriptionOwned Brands (Private Label) 0 Saving Bookmark this article Bookmarked
Media & Marketing Marketing Planning Marketing plans too often sound alike, even for completely different brands in completely different industries with completely different objectives. I’ve tried to capture a few common marketing plan slide clichés in this cartoon, but marketing plans can easily swell to hundreds of slides and appendices. They often take the form of what Garr Reynolds once […] Tom Fishburne March 5, 2023March 5, 2023 3 min read Fun & HumorStrategyGoogleData & InsightsAssociates 0 Saving Bookmark this article Bookmarked
Technology & Innovation The AI Pivot What a difference a year (or even a few months) makes. Just last January, I drew a cartoon showing a couple marketers (as legless avatars) standing in a virtual world under a banner that reads, “welcome to our brand experience in the metaverse!” One is saying to the other, “I’m sure consumers will show […] Tom Fishburne February 27, 2023July 11, 2023 3 min read Technology & InnovationAIFun & HumorMetaverseTrends: TechCryptoDept. NonfoodStrategyChatGPTConsumersNFTblockchainCoca ColaExecutivesPartnerships 0 Saving Bookmark this article Bookmarked
Corporate Strategy AI-Generated Sameness Ian Whitworth recently described AI-generated content as “infinite words nobody wants.” He observed: “ChatGPT is here to make us all the same… The Great Same-ening is upon us… “ChatGPT, Jasper and all the rest are powerful conformity machines, giving you the ability to churn out Bible-length material about yourself and your business that’s exactly the […] Tom Fishburne February 12, 2023February 12, 2023 2 min read Fun & HumorTechnology & InnovationChatGPTDept. NonfoodStrategyGoogleExecutives 0 Saving Bookmark this article Bookmarked
Department: Food Marketing to the CFO Whenever budgets are under scrutiny, marketing is one of the first items on the chopping block. Those conversations are more difficult when marketing and finance speak a different language. One of the most important target audiences that marketers need to learn how to market to is their own CFO. I’ve always liked the brand management […] Tom Fishburne February 5, 2023February 5, 2023 3 min read Fun & HumorExecutivesResults & InvestmentTargetMarketing: BrandDept. PerimeterDept. Fresh 0 Saving Bookmark this article Bookmarked
Department: Consumer Durables Evolution of Smart Products One of the most popular cartoons I ever drew was about the Internet of Things, right after Google announced the acquisition of Nest in early 2014. “I think my Nest smoke alarm is going off,” one character tells another. “Google Adwords just pitched me a fire extinguisher and an offer for temporary housing.” iRobot later […] Tom Fishburne January 30, 2023January 31, 2023 2 min read Fun & HumorDept. NonfoodTechnology & InnovationTech: RoboticsDept. AppliancesTech: IoTShoppersData & InsightsTargetConsumersGoogleAcquisitionMarketing: Social MediaMeta (Facebook) 0 Saving Bookmark this article Bookmarked
Corporate Strategy More with Less Doing “more with less” is emerging as a sort of business mantra for 2023. Microsoft CEO Satya Nadella used the term externally and internally this week to talk about the overall business climate. In a memo to staff announcing layoffs, he looked outward: “As we saw customers accelerate their digital spend during the pandemic, […] Tom Fishburne January 22, 2023January 22, 2023 3 min read Fun & HumorShopifyWeatherTechnology & InnovationExecutivesTwitterPredictions and ForecastsMarketing: Social MediaCOVID19Associates 0 Saving Bookmark this article Bookmarked
Agencies & Vendors Definition of Marketing Insanity I’ve drawn a lot of cartoons about the tendency of marketers to want to change everything, all at once, and all the time. There’s an old marketing truism that “marketers get tired of their advertising before consumers do.” The same instinct to change for the sake of change goes for every aspect of marketing, from […] Tom Fishburne January 16, 2023January 16, 2023 2 min read Fun & HumorPackagingConsumersAgencies 0 Saving Bookmark this article Bookmarked
Technology & Innovation AI Tidal Wave On May 26, 1995, Bill Gates wrote the famous “Internet Tidal Wave” internal memo at Microsoft. This was a huge wake-up call for the desktop software company at the time. It immediately shifted priorities and resources for Microsoft to go after the nascent World Wide Web. I thought of this “Internet Tidal Wave” moment when […] Tom Fishburne January 9, 2023July 11, 2023 3 min read Technology & InnovationFun & HumorMarketing: Social MediaCompetitionPredictions and ForecastsTwitterGoogleAIExecutivesGovernment 0 Saving Bookmark this article Bookmarked
Agencies & Vendors Reinventing Marketing My last cartoon before the holidays was about playing it safe. The other extreme is complete reinvention. There’s truth in Bill Gates’ classic 1996 observation: “We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten.” Organizations can get get stuck in […] Tom Fishburne January 2, 2023January 2, 2023 3 min read Fun & HumorConsultingPredictions and ForecastsNFTHoliday & EventsExecutivesData & InsightsCrypto 0 Saving Bookmark this article Bookmarked
Agencies & Vendors Safe is Risky I drew this cartoon partly in response to two studies that came out this week. They seemed to capture the mixed signals that businesses are grappling with as they look at 2023. The Deloitte “CFO Signals” report partly tracks the risk aversion of CFOs over time. Deloitte found that only 29% of CFOs say this […] Tom Fishburne December 19, 2022December 19, 2022 3 min read Fun & HumorExecutivesStrategyConsultingPredictions and ForecastsCOVID19 0 Saving Bookmark this article Bookmarked
Technology & Innovation Technology & Innovation ‘Money Doesn’t Stink:’ The Sad State Of Affairs In Ad Tech After 12 years of working in – or adjacent to – the ad tech industry, I am coming to terms with the simple answer to many depressing questions. The post ‘Money Doesn’t Stink:’ The Sad State Of Affairs In Ad Tech appeared first on AdExchanger. Written by AdExchanger September 26, 2023September 26, 2023 Saving Bookmark this article Bookmarked
Department: Consumer Durables Department: Consumer Durables Corporate Strategy Lego Abandons One of Its Projects To Make Oil-Free Bricks -FT Danish toymaker Lego has reportedly abandoned a prominent initiative to eliminate oil-based plastics from its bricks. This decision comes after the company discovered that the new material, recycled polyethylene terephthalate (RPET), would result in higher carbon emissions. Lego’s CEO, Niels Christiansen, mentioned that extensive testing revealed it was challenging to find a material that met… Written by RetailWire September 26, 2023September 26, 2023 Saving Bookmark this article Bookmarked
Channel: Drug Shopper & Customer Trends & External Forces Stores & Formats CVS Is Permanently Closing Hundreds of Stores for a Surprising Reason As the pandemic’s impact on brick-and-mortar retail lingers, the U.S. drugstore landscape is undergoing significant changes. CVS, the largest drugstore chain in America, is implementing a policy change that will lead to the closure of hundreds of stores over the next three years, aiming to optimize store locations based on population shifts and consumer buying… Written by RetailWire September 26, 2023September 26, 2023 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Corporate Strategy Media & Marketing Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Amazon Invests $4 Billion in AI Company Anthropic Amazon will invest up to $4 billion in Anthropic and gain a minority ownership position in the company, part of a deal that will have Amazon Web Services (AWS) become Anthropic’s primary cloud provider. Anthropic will make its future AI foundation models accessible to million of developers, as well as provide AWS customers with early […] Written by Retail TouchPoints September 25, 2023September 26, 2023 Saving Bookmark this article Bookmarked
Channel: Marketplace Partnerships & Alt Profit Media & Marketing Retailer Media Shopify Audiences Adds Criteo, Its First Open Web Ads Partner Shopify Audiences debuted last year with only Google and Meta. In January, Pinterest was added to the mix. Now TikTok, Snap and, notably, Criteo will be able to plug into The post Shopify Audiences Adds Criteo, Its First Open Web Ads Partner appeared first on AdExchanger. Written by AdExchanger September 25, 2023September 26, 2023 Saving Bookmark this article Bookmarked