customer focused publishing
DESCRIPTION
Excellent presentation at the Book Expo America, June 2007, by Michael S. Hyatt (President & CFO Thomas Nelson Publishers). More background on this presentation can be found on http://tinyurl.com/2jlj2j. Audio is available on http://tinyurl.com/2kwbd4. Uitgebreid Nederlands artikel op: http://tinyurl.com/2mja9cTRANSCRIPT
C U S T O M E R
FOCUSEDP U B L I S H I N G
Michael S. HyattPresident & CEOThomas Nelson
May 31, 2007
“How Thomas Nelson moved away from
imprints and closer to customer wants”
THOMAS NELSON 1.0
1798
THOMAS NELSON 2.0
18Separate Imprints
THOMAS NELSON 3.0
PBS, “Fish Commercial”Video Clip in Actual Presentation
Current Outcomes
Current Thinking
Current Actions
Extraordinary Thinking
Extraordinary Actions
ExtraordinaryOutcomes
BAUCurrent
Thinking
Crisis
Possibility
Real
ity
Thinking the Unthinkable; Taking Unorthodox Action
A New Reality
One CompanyOne Company
Organizing Around Consumer Categories
It’s not about us.It’s about the customer.
Most publishing companies start with themselves and then look at the market.
Inside-Out Perspective
We wanted to start with our customers and then look at ourselves.
Outside-In Perspective
Business
Children
Gift
NelsonBooks
WBooks
RutledgeHill
NelsonCurrent
Bibles Brands Trade 1 Trade 2 Specialty
StudyLucado
EldredgeMaxwell
MacArthurMcLaren
McManusMiller
StanleyWOF
Spiritual Growth Business,
Culture& People
Gift Books
Readability PracticalLiving Children
General Interest
& LifestyleCurriculum Fiction Spanish
Strategic Publishing Units
MarketingEditorial Sales
Functional Silos
Focused Teams
Focusing on theThomas Nelson Brand
Asylum Records
Epic Records
Atlantic Records
# Artist Album Sales Label
4 Pink Floyd The Wall 23M Columbia
5 Billy Joel Greatest Hits 21M Columbia
6 AC/DC Back in Black 21M Epic
7 Garth Brooks Double Live 20M Capitol
8 Shania Twain Come on Over 20M Mercury
9 The Beatles The Beatles 19M Capitol
10 Fleetwood Mac Rumours 19M Warner
Top Selling Albums
20th Century Fox
20th Century Fox
Dreamworks
# Movie Gross Label
4 E.T. $435M Universal
5 Star Wars: Episode I $431M Lucas!lm
6 Pirates of the Caribbean $423M Disney
7 Spider-Man 1 $404M Columbia
8 Star Wars: Episode III $380M Lucas!lm
9 The Lord of the Rings $377M Newline
10 Spider-Man 2 $374M Marvel
Top Grossing Movies
Retailers?
Authors?
Publishers!
EDS, “Airplane Commercial”Video Clip in Actual Presentation
Bene!ts (so far)1. A simpli!ed business model
2. Better internal collaboration
3. Greater consumer focus
4. More market visibility
Q&AMichael S. Hyatt
President & CEOThomas Nelson
May 31, 2007