Growth Hacking For Grownups @ Absolut
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Learn about how Absolut implemented agile culture and growth hacking from Mathias Westphal, former Global Vice President Growth at The Absolut Company.
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Growth Hacking For Grownups @ Absolut
- 1. GROWTH HACKING FOR GROWNUPS Presented by Mathias Westphal @Swedish Growth Hackers Meetup on the 30th of May 2016 All Work United
- 2. All Work United 1990 2000 2015 Grownup GrownupStartup MY PROFESSIONAL JOURNEY
- 3. PERNOD RICARD Founded in 1975. 19 000 employees 6 Brand Companies. 80 Market Companies. 2nd largest spirits company in the world. All Work United Acquired by Pernod Ricard 2008. 500 employees. HQ in Stockholm. Responsible for the global brand management of vodkas an rum. THE ABSOLUT COMPANY
- 5. BRIEF FROM THE CEO All Work United
- 6. All Work United PAUL DUFFY CEO Flexible More Data-driven Learning organisation Innovate beyond spirits Think new business models Digital transformation Customer-driven Collaboration Faster
- 7. HOW DO YOU TRANSFORM? All Work United
- 8. All Work United SATELLITE VIRUS CELL ORGANISING MODELS FOR TRANSFORMATION
- 9. All Work United FORM A NEW TEAM…
- 10. All Work United …WITH EXISTING PEOPLE Digital Developers Innovation Project Leaders Consumer Insights Managers Digital Project Leaders
- 11. NEED FOR A NEW OPERATING SYSTEM All Work United
- 12. IT’S ALL ABOUT CULTURE, PROCESSES AND TOOLS All Work United
- 13. BUILD AN AGILE CULTURE All Work United TASK #1
- 14. All Work United CHANGE HURTS
- 15. What’s the purpose of the team? What type of team we want to be? How do we want to operate?
- 16. All Work United A TEAM DESIGNED TO ACCELERATE BUSINESS GROWTH BY SOLVING EXISTING CHALLENGES AND UNLOCKING NEW OPPORTUNITIES. TEAM MISSION
- 17. GROWTH ACCELERATOR All Work United TEAM VISION
- 18. FOUR TEAM PRINCIPALS All Work United
- 20. • Develop products and marketing that truly solves problems and creates real value. • The answers lie with your customers, not within the walls of your office. Listen, don’t talk. Learn, don’t sell. Understand, don’t pitch. Be curious, not rigid. • In-depth understanding and empathy across the organization. CUSTOMER-CENTRIC
- 21. • Testing and data over opinions and conventions. • Develop business relevant analytics. • Apply A/B-testing to product and marketing development. DATA-DRIVEN
- 22. • Rapid iterations over Big-Bang • Responding to change over following a plan • Numerous small experiments over a few large bets • Plan for speed - challenging timelines SPEED
- 23. • Collaboration over silos and hierarchy • Interdisciplinary and cross functional teams • Make time to help colleagues • Share openly and proactively • External outlook for new capabilities - do not try to do everything in-house COLLABORATE
- 27. NOT ASKING FOR HELP All Work United
- 28. NEW PROCESSES AND TOOLS All Work United TASK #2
- 30. All Work United Identify & validate 1. IDEA 2. CONCEPT 3.PROTOTYPE 4. LAUNCH Develop a Minimum Viable Product (MVP) Experiment; test, learn and improve Invest SIMPLE FRAMEWORK FOR PROJECTS 8-12 weeks
- 31. MONDAY STAND-UP MEETING 30 minutes to review project deliveries What did I deliver last week What will I deliver this week Any roadblocks All Work United
- 32. All Work United QUARTERLY SIT DOWN WITH SENIOR MANAGEMENT • Share progress for key projects • Get input, not instructive • Adress resistance and remove barriers • Provide overall direction • Resource prioritization
- 34. All Work United INVESTMENTS LINKED TO PROGRESS - NOT FIXED TO BUDGET CYCLES Budget Release Progress Idea Concept Prototyp Release
- 36. All Work United INSIGHTS & CREATIVE THINKING A STRUCTURED PROCESS+
- 37. BREAK DOWN THE LARGER GOAL All Work United
- 38. All Work United
- 39. 5 TEAMS All Work United
- 45. 2 WEEKS SPRINTS All Work United
- 46. All Work United A NEW VODKA FOR WOMEN MADE BY WOMEN
- 47. IN-STORE TASTINGS 10 iterations increased conversion rate by 50% All Work United
- 48. AGE VERIFICATION 30 design iterations resulted in a significant reduction in drop-off rate. Reduced bounce rate with 50%. All Work United A B
- 51. All Work United Confusion AnxietyResistance Frustration
- 52. All Work United VISION SKILL MOTIVATION RESOURCE PLAN CHANGE=++++ VISION SKILL MOTIVATION RESOURCE PLAN CONFUSION=++++ VISION SKILL MOTIVATION RESOURCE PLAN ANXIETY=++++ VISION SKILL INCENTIVE RESOURCE PLAN RESISTIANCE=++++ VISION SKILL MOTIVATION RESOURCE PLAN FRUSTRATION=++++ VISION SKILL MOTIVATION RESOURCE PLAN FALSE START=++++ Adapted from Knoster, T.
- 53. 1. Increased speed to market with 400% 2. Development cost was reduced by 90% 3. Significantly more motivated staff All Work United WHAT WE ACHIEVE
- 54. All Work United Mathias Westphal Mathias has extensive of international consumer goods experience in brand management, business innovation and digital transformation. A history of developing leading global brands such as Absolut, as well as developing new brands and startup companies. Most recently as Global VP of Growth at The Absolut Company, an innovation and business development team responsible for developing new revenue stream from existing brands and create all new brands, and for driving digital transformation. Prior to that Mathias has been the global head of marketing for Absolut, Malibu and Kahlúa. In 2016, Mathias founded All Work United, a network of experts dedicated to help clients with digital business transformation, focusing on innovation and marketing. MEET THE PRESENTER
- 55. ALL WORK UNITED We help grownup companies with digital transformation and innovation, and startups to scale and grow their business . We also help grownups and startup to connect. We share experience and learnings via talks, coaching, workshops and training. We can help with: • Build agile culture | become faster and more flexible • Brand and innovation strategy | provide purpose and direction • Business modeling | better create and capture value • Design thinking | from product to experience • Rapid prototyping | develop minimum viable product • Growth hacking | test, measure and learn • Content and tribes marketing | connect through a shared interest All Work United
- 56. Enabling Business Innovation Mathias Westphal +46 70 478 00 27 mathias@allworkunited.com All Work United