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Digital Strategy – WTF?

4 April 2012
Michael Lung
Assoc. Planning Director
JWT/XM-Asia Singapore
@mills301
Business Strategy         title
                         Mission & Objectives




                                                   Environmental
          Optimization
                                                     Scanning




           Evaluation                           Strategy Formulation




                              Strategy
                           Implementation
Mission &
                                      title
Objectives



             • Asking the right questions
                 • with stakeholders and business leads

             • Diagnose before you prescribe any solution
                 • Key Issue
                 • Underlying problems and impact (how do you know its an
                   issue? Evidence vs anecdotes)
                 • Desired benefits and impact (measurement)
                 • Economic consequences and implications

             • Budget and Resources

             • Understand the buying process
                 • Key decision makers


                     Understanding
  Understanding                        Relationship       Relationship
                       of Client’s                                       Client Brief
  of our business                       with Client        with Suit
                        business
Environmental
                                           title
  Scanning



                • Understanding the consumer and his/her world

                • Digital Media consumption behaviour
                    • Natural usage
                    • Opportunities to disrupt

                • Product/Service usage behaviour

                • Digital Media usage during decision making and purchase
                  process in relation to Product or Service

                • Brand perception/ opportunity within target audience




Grasp of Research      Data Collection   Identification of   Application of
                                                                              “insights”
    Methods             & Processing      opportunities        Findings
Grasp of Research   Data Collection
    Methods          & Processing




                       Primary Research                         Psychology /
                                          Business Data
                           Methods                              Anthropology
  Research Brief
                          Secondary                              Real World
                                          Social Listening
                           Research                              Experiences
                                          Measurement        Customer Intelligence
Strategy
                                        title
Formulation
              • What is desired change in behaviour/perception we are trying to
                influence?
                   • Current vs desired mindset

              • What is the one thing that we can leverage/say/do for us to
                change behaviour/perception?
                  • Experience offering, value offering.

              • What is the big creative idea that would be most appealing to
                our audience?

              • What is the very best way to deliver this offering?
                 • To ensure awareness, participation, loyalty, advocacy
                 • Across the most suitable touchpoints
                 • In an seamless experience?

              • How does this benefit the business in the Long Term?


  Understanding of Audience,                         Articulation of   Presentation
                                   Creative Brief
   Business, Digital Solutions                         Strategies          Skills
Understanding
                 of Audience


                Consumer




      Brand               Technology

Understanding                   Understanding of
 of Business                    Digital Solutions
Articulation of
  Strategies




                                                         Mobile Strategy


                                                         Online Strategy


                       Business
                                                         Social Strategy
                       Strategy


                     Sales Strategy   Digital Strategy   Media Strategy


                      Marketing       Communication
    Brand Strategy                                        CRM Strategy
                      Strategy           Strategy
Strategy
                                                title
Implementation



                 • Ensure that implementation meets strategic objectives
                     • Marketing objectives
                     • Business objectives
                 • Ensure optimal user experience
                     • Convenience and functional perspective
                     • Communications and psychological perspective

                 • Ensure everything important to meeting the objective is
                   measured

                 • Broad knowledge and ability to collaborate in order to discuss
                   and understand from each team’s POV the implementation
                   process.




        Articulation of     Understanding of       Relationship    Measurement
          Strategies        Digital Solutions     with each team   Frameworks
Key areas of
  Planning
involvement
Development
 Roadmap
Development
 Roadmap
Evaluation
                                           title
             • Understanding what parts of the experience worked and what
               didn’t

             • With the focus on the original brief that outlined
                 • Business and marketing objectives
                 • How we aimed to measured success

             • By evaluating the variables and the results
                 • Alternative user experiences
                      • Timing
                      • Content etc

             • Developing clear outline of key lessons in each area of the initial
               strategy, and actionable points to improve

             • Archiving of benchmarks and best practices (case studies)

             • Building Evaluation & Optimization as part of the Strategy

      Measurement       Understanding of                         Relationship
                                                 Analysis
      Frameworks           Consumer                             with each team
Campaign Measurement

Purchase
 Process
            Awareness       Participation       Community   Action


   User      1          2       3           4      5         6
 Journey


Marketing
 Assets



 Metrics



  Tools
Optimization
                                         title

               • Connecting the dots

               • Making each of the pieces work better together
               • To more effectively achieve your objectives
                   • Engagement (more stickiness)
                   • Conversion (less stickiness)

               • Evaluating the need to:
                   • Refine specific components
                        • Targeted communications
                   • Kill certain components
                        • Exit strategy
                   • Experiment with new components




       Measurement                        Understanding of    Articulation of
                            Analysis
       Frameworks                         Digital Solutions     Strategies
Test & Learn


        Variable testing   Understand Factors




        Measurement          Benchmarking
title
               Mission & Objectives




                                         Environmental
Optimization
                                           Scanning




 Evaluation                           Strategy Formulation




                    Strategy
                 Implementation
Four Fatal Flaws of Strategic Planning
Managers continue to make fundamental mistakes that undermine
otherwise well-intentioned strategy-formulation effort
Skipping Rigorous Analysis
•   Many managers believe their business experience and knowledge base alone equips
    them with all the information they need to conduct effective strategic planning.

•   This belief is almost always untrue and serves only to undermine the kind of critical
    thinking from which truly creative strategies are born.

•   A good strategic planning process takes full advantage of the numerous tools of
    strategic analysis
     – such as the five forces model, strategic group maps, or the value chain
     – to gain key insights regarding how the industry is evolving, how competitors are
         changing positions, and where an individual firm's sources of competitive
         advantage lie.



                            Environmental
     Mission & Objectives
                              Scanning
Believing Strategy Can Be Built in a Day
•   Many executive teams earnestly believe that effective strategies can be identified,
    explored, and agreed upon during abbreviated offsite meetings where the main driver
    of the agenda is the timing of snack breaks.

•   Take the time you need to sufficiently understand the underlying issues

•   Take deliberate steps to share accurate info with decision makers

•   Utilize problem solving tools to derive a variety of approaches and solutions

•   Changing the minds of key managers and decision makers takes longer than one day.




                            Environmental                             Strategy
     Mission & Objectives                   Strategy Formulation
                              Scanning                             Implementation
Failing to Link Strategic Planning with Strategic
  Execution
•   Executing strategy requires the work of the entire organization, whereas strategic planning only
    requires the top team

•   But part of a top team's challenge in execution often stems from the failure to link their work
    with ongoing strategy execution

•    "Strategic success demands a 'simultaneous' view of planning and doing. Managers must be
    thinking about executing even as they are formulating plan.“

•   Long Range Strategic Planning (LRSP) process. This integrated strategic planning and execution
    system incorporates both strategy formulation activities, such as ongoing analysis of changes in
    market conditions, with execution activities like management of integrated strategic programs.
     –   At the start of the planning year, they perform a "deep dive" on critical competitive issues facing the businesses; the
         remainder of the year they focus on measuring and monitoring the progress they are making relative to the strategy. As
         they encounter unforeseen issues — which they usually do — they then analyze them within the confines of the LRSP
         process. They also maintain a running list of "must-do" integrated programs that they readjust as business conditions
         change. "We've refined the LRSP process over the past several years to not only make it more flexible and responsive to
         changes in market conditions, but to also make it more integrated,



                                      Strategy
     Strategy Formulation                                         Evaluation                 Optimization
                                   Implementation
Dodging Strategy Review Meetings
•   Strategic plans quickly become obsolete when there is no activity in place to keep
    them alive.

•   Worse, managers sometimes feel freed from execution accountability when reviews
    are continually rescheduled or dropped from the calendar altogether.

•   At the end of the strategic plan formulation, managers should establish a strategic
    governance process where strategy review meetings

     –    The strategy that was created at the beginning of the execution cycle should be the topic of conversation
          at every meeting — no discussion of operational issues should be allowed.
     –     Consistent with avoiding fatal flaw number one, the necessary analysis should be prepared and the
          findings circulated before the meeting so that the session can be dedicated to guiding decision-making as
          opposed to conducting unbounded, unstructured discussion.
     –    the strategy management analyst responsible for facilitating the process. Running effective strategy
          review meetings is a learned skill but one that starts with scheduling and sticking to the strategy in the
          first place.



         Evaluation             Optimization        Mission & Objectives
Digital Strategic Planning: WTF?

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Digital Strategic Planning: WTF?

  • 1. Digital Strategy – WTF? 4 April 2012
  • 2. Michael Lung Assoc. Planning Director JWT/XM-Asia Singapore @mills301
  • 3. Business Strategy title Mission & Objectives Environmental Optimization Scanning Evaluation Strategy Formulation Strategy Implementation
  • 4. Mission & title Objectives • Asking the right questions • with stakeholders and business leads • Diagnose before you prescribe any solution • Key Issue • Underlying problems and impact (how do you know its an issue? Evidence vs anecdotes) • Desired benefits and impact (measurement) • Economic consequences and implications • Budget and Resources • Understand the buying process • Key decision makers Understanding Understanding Relationship Relationship of Client’s Client Brief of our business with Client with Suit business
  • 5. Environmental title Scanning • Understanding the consumer and his/her world • Digital Media consumption behaviour • Natural usage • Opportunities to disrupt • Product/Service usage behaviour • Digital Media usage during decision making and purchase process in relation to Product or Service • Brand perception/ opportunity within target audience Grasp of Research Data Collection Identification of Application of “insights” Methods & Processing opportunities Findings
  • 6. Grasp of Research Data Collection Methods & Processing Primary Research Psychology / Business Data Methods Anthropology Research Brief Secondary Real World Social Listening Research Experiences Measurement Customer Intelligence
  • 7. Strategy title Formulation • What is desired change in behaviour/perception we are trying to influence? • Current vs desired mindset • What is the one thing that we can leverage/say/do for us to change behaviour/perception? • Experience offering, value offering. • What is the big creative idea that would be most appealing to our audience? • What is the very best way to deliver this offering? • To ensure awareness, participation, loyalty, advocacy • Across the most suitable touchpoints • In an seamless experience? • How does this benefit the business in the Long Term? Understanding of Audience, Articulation of Presentation Creative Brief Business, Digital Solutions Strategies Skills
  • 8. Understanding of Audience Consumer Brand Technology Understanding Understanding of of Business Digital Solutions
  • 9. Articulation of Strategies Mobile Strategy Online Strategy Business Social Strategy Strategy Sales Strategy Digital Strategy Media Strategy Marketing Communication Brand Strategy CRM Strategy Strategy Strategy
  • 10. Strategy title Implementation • Ensure that implementation meets strategic objectives • Marketing objectives • Business objectives • Ensure optimal user experience • Convenience and functional perspective • Communications and psychological perspective • Ensure everything important to meeting the objective is measured • Broad knowledge and ability to collaborate in order to discuss and understand from each team’s POV the implementation process. Articulation of Understanding of Relationship Measurement Strategies Digital Solutions with each team Frameworks
  • 11. Key areas of Planning involvement
  • 14. Evaluation title • Understanding what parts of the experience worked and what didn’t • With the focus on the original brief that outlined • Business and marketing objectives • How we aimed to measured success • By evaluating the variables and the results • Alternative user experiences • Timing • Content etc • Developing clear outline of key lessons in each area of the initial strategy, and actionable points to improve • Archiving of benchmarks and best practices (case studies) • Building Evaluation & Optimization as part of the Strategy Measurement Understanding of Relationship Analysis Frameworks Consumer with each team
  • 15. Campaign Measurement Purchase Process Awareness Participation Community Action User 1 2 3 4 5 6 Journey Marketing Assets Metrics Tools
  • 16. Optimization title • Connecting the dots • Making each of the pieces work better together • To more effectively achieve your objectives • Engagement (more stickiness) • Conversion (less stickiness) • Evaluating the need to: • Refine specific components • Targeted communications • Kill certain components • Exit strategy • Experiment with new components Measurement Understanding of Articulation of Analysis Frameworks Digital Solutions Strategies
  • 17. Test & Learn Variable testing Understand Factors Measurement Benchmarking
  • 18. title Mission & Objectives Environmental Optimization Scanning Evaluation Strategy Formulation Strategy Implementation
  • 19. Four Fatal Flaws of Strategic Planning Managers continue to make fundamental mistakes that undermine otherwise well-intentioned strategy-formulation effort
  • 20. Skipping Rigorous Analysis • Many managers believe their business experience and knowledge base alone equips them with all the information they need to conduct effective strategic planning. • This belief is almost always untrue and serves only to undermine the kind of critical thinking from which truly creative strategies are born. • A good strategic planning process takes full advantage of the numerous tools of strategic analysis – such as the five forces model, strategic group maps, or the value chain – to gain key insights regarding how the industry is evolving, how competitors are changing positions, and where an individual firm's sources of competitive advantage lie. Environmental Mission & Objectives Scanning
  • 21. Believing Strategy Can Be Built in a Day • Many executive teams earnestly believe that effective strategies can be identified, explored, and agreed upon during abbreviated offsite meetings where the main driver of the agenda is the timing of snack breaks. • Take the time you need to sufficiently understand the underlying issues • Take deliberate steps to share accurate info with decision makers • Utilize problem solving tools to derive a variety of approaches and solutions • Changing the minds of key managers and decision makers takes longer than one day. Environmental Strategy Mission & Objectives Strategy Formulation Scanning Implementation
  • 22. Failing to Link Strategic Planning with Strategic Execution • Executing strategy requires the work of the entire organization, whereas strategic planning only requires the top team • But part of a top team's challenge in execution often stems from the failure to link their work with ongoing strategy execution • "Strategic success demands a 'simultaneous' view of planning and doing. Managers must be thinking about executing even as they are formulating plan.“ • Long Range Strategic Planning (LRSP) process. This integrated strategic planning and execution system incorporates both strategy formulation activities, such as ongoing analysis of changes in market conditions, with execution activities like management of integrated strategic programs. – At the start of the planning year, they perform a "deep dive" on critical competitive issues facing the businesses; the remainder of the year they focus on measuring and monitoring the progress they are making relative to the strategy. As they encounter unforeseen issues — which they usually do — they then analyze them within the confines of the LRSP process. They also maintain a running list of "must-do" integrated programs that they readjust as business conditions change. "We've refined the LRSP process over the past several years to not only make it more flexible and responsive to changes in market conditions, but to also make it more integrated, Strategy Strategy Formulation Evaluation Optimization Implementation
  • 23. Dodging Strategy Review Meetings • Strategic plans quickly become obsolete when there is no activity in place to keep them alive. • Worse, managers sometimes feel freed from execution accountability when reviews are continually rescheduled or dropped from the calendar altogether. • At the end of the strategic plan formulation, managers should establish a strategic governance process where strategy review meetings – The strategy that was created at the beginning of the execution cycle should be the topic of conversation at every meeting — no discussion of operational issues should be allowed. – Consistent with avoiding fatal flaw number one, the necessary analysis should be prepared and the findings circulated before the meeting so that the session can be dedicated to guiding decision-making as opposed to conducting unbounded, unstructured discussion. – the strategy management analyst responsible for facilitating the process. Running effective strategy review meetings is a learned skill but one that starts with scheduling and sticking to the strategy in the first place. Evaluation Optimization Mission & Objectives

Notes de l'éditeur

  1. Forrester Research:The Road To The Online Marketing Suite http://bit.ly/H5J4NW
  2. Forrester Research:The Road To The Online Marketing Suite http://bit.ly/H5J4NW
  3. http://blogs.hbr.org/hmu/2009/03/four-fatal-flaws-of-strategic.html