everything is broken - westfield retail presentation -
DESCRIPTION
TRANSCRIPT
![Page 1: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/1.jpg)
http://www.creativeadawards.com/original/wrecking-ball/11338
EVERYTHING IS BROKEN THE END OF MARKETING AS USUAL
twitter @johnbatistich
![Page 2: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/2.jpg)
“we think that everything is broken & we
throw our computing power at it to fix it” patrick pichete global cfo google
![Page 3: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/3.jpg)
“nearly all of the tools, processes &
philosophies around marketing were
developed more than 50 years ago”
![Page 4: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/4.jpg)
26 May 2010
“we want a one to one relationship with
7 billion customers” bob mcdonald ceo p&g
![Page 5: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/5.jpg)
what we learnt is being disrupted
![Page 6: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/6.jpg)
time to think different. think big!
![Page 8: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/8.jpg)
source: richard watson. picture: john homer
increasing life-spans
declining fertility
skills shortage
cotton wool kids
rise of the screenager
rise in sinks & dinks
increased immigration. higher ethnicity
urban-rural polarisation
smaller households
environmental change
resource shortages rising costs
resource nationalism
carbon economy
increased regulation
peak oil
water labeling
packaging/waste taxes
eco-cynicism
1 billion new mouths
market expansion
product sourcing into aus/nz
services outsourcing
asian values & aesthetics
resource competition
inbound tourism numbers
protectionist backlash?
demographic
power returns east
sustainability
![Page 9: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/9.jpg)
1 accelerator of change
![Page 10: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/10.jpg)
1. ubiquitous mobile connectivity
2. democratisation of production tools
3. access to higher data speed/more storage
technology enabled connectivity 1 billion pcs & 4 billion mobiles
location-based services
mobile & social payments
intelligent vending
3d screens
rising transparency & amplification
increasing collaboration
personalisation
acceleration of everything
hunger for real shared experiences
source: richard watson
![Page 11: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/11.jpg)
26 May 2010
1. technology
2. behavioural change
3. business models
change coming in 3 waves
![Page 12: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/12.jpg)
“WE ARE LOSING SHARE OF RETAIL”
“soon…you won’t forget anything, you’ll
never be lost, never lonely, never bored &
never out of ideas” eric schmidt google
![Page 13: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/13.jpg)
1.SHOPPER BEHAVIOUR accelerated change in shopper behaviour challenging old norms
![Page 14: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/14.jpg)
old ways command & clicks
text & 2d
single task
desk/laptop search & email
ecommerce
store trading hours
national
appointment to view
entertainment & retail
seasonal sales
quality relationships
private
knowledge
new behaviours touch, voice & gesture
video & 3d
multi-task
social & mobile search
mcommerce & social commerce
shop anytime anywhere
context. service finds you
time shifting
merged in a closed loop
pricing transparency
quantity relationships
public with utility
resourcefulness
![Page 15: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/15.jpg)
source: psfk
2.THE LINEAR PATH
TO PURCHASE the old linear model is being replaced by a network to advocacy
![Page 16: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/16.jpg)
See an Ad Receive Catalogue
Mail or eDM
Visit
Store
Consult
Sales
Person
Buy
Sign Up
for
Loyalty
card
Contact
Customer
Service
old linear path to purchase
Awareness Consideration Trial Purchase Repeat
![Page 17: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/17.jpg)
Acquiring
Using
How does a customer
become aware with your
products or service?
How does a customer gain knowledge about
our products and those of your competitors?
Where do they go to learn and compare to get
the best solution?
How does a customer
transact with your
company? What are the
dynamics of the
purchase process?
How does a customer
take delivery of our
product or service?
What are logistics of
getting it?
How does a customer use our product in daily life?
What do they have to do to take advantage of its
benefits? What are the components of the user
experience?
How does a customer
interact with our company
post purchase? What are the
interactions that promote
loyalty and advocacy rather
than frustration?
Buying
Search
a customer experience chain
Discovery
Relationship
![Page 18: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/18.jpg)
3. INFLUENCE VS PURCHASE channels of influence are as important as purchase channels
![Page 19: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/19.jpg)
where the purchase is influenced matters
50%
$255B
offline
influence
purchase
44%
1% 5%
influence
online
purchase
offline
Influence
offline
purchase
online
online
influence
purchase
total
retail
sales
![Page 20: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/20.jpg)
4. TRADITIONAL STORE we crave social, physical and instant experiences. online experiences are changing store expectations
![Page 21: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/21.jpg)
the store is being re-invented. more
experiential, service, social & integrated
![Page 22: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/22.jpg)
seamless experience across
any channel at anytime
![Page 23: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/23.jpg)
“WE ARE LOSING SHARE OF RETAIL”
Context is everything
http://www.theage.com.au/technology/technology-news/virtual-shop-perfect-for-the-young-and-upwardly-mobile-20120215-1t6qa.html#ixzz1mZuBOUuz
''retailers need to understand
that online shopping isn't
something we just do at our
desktops any more. we now
do it out in the real world, out
on the streets and often while
we're in-store.‘’ sportsgirl
![Page 24: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/24.jpg)
5. DIFFERENTIATION DELUSION being different & better only matters if your customer believes & values it
![Page 25: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/25.jpg)
your brand is not as
different as you think it is!
80%
8%
ceo customer source: contagious
Is your brand different? % Agree
![Page 26: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/26.jpg)
6. DISCOUNT DEVOTION we are increasingly dependent upon deep discounts training our customers to wait for specials
![Page 27: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/27.jpg)
the amount of purchases at discount
is at a all time high & many can’t stop
![Page 28: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/28.jpg)
http://arts.brighton.ac.uk/__data/assets/image/0016/6253/Problem-Based-Learning1a.jpg
7. LACK OF TESTING the world is forever in beta test
![Page 29: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/29.jpg)
amazon conducts 200
tests a day to improve
the user experience
![Page 30: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/30.jpg)
learn fast, cheap, well & first. place lots of
little bets and scale up the ones that pay off
![Page 31: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/31.jpg)
8. STRONG BRANDS
GET DELETED brands under threat from shelf space rationalisation
![Page 32: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/32.jpg)
“WE ARE LOSING SHARE OF RETAIL”
nielsen estimates private labels
will represent 40 per cent of
packaged goods sales by 2015
http://www.smh.com.au/business/its-war-but-how-low-can-they-go-20111125-1nz6h.html#ixzz1f25svbl5
![Page 33: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/33.jpg)
http://cerisereve.deviantart.com/art/Used-Crayons-72200919
9. OVER CHOICE we need simpler solutions & more involved experiences
![Page 34: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/34.jpg)
http://michaelfaber.deviantart.com/art/not-thinking-straight-35033655
in 1997 there were 2 million brands
and now there are 8 million brands
more clutter. more confusion
![Page 35: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/35.jpg)
in 2008 the average person’s daily intake of
information was 300% greater than in 1960 university of california san Diego study
![Page 36: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/36.jpg)
Source: Sparksheet.com
10. LOYALTY PROGRAMS too many complex reward programs with low value creating reward fatigue
![Page 37: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/37.jpg)
the world doesn’t need another hard to
understand low value reward program
Spend $15.7K at Coles on FlyBuys or spend
$11K at Woolworths to get a $50 voucher
![Page 38: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/38.jpg)
Source: impetuoussoftware.com
11. DATA DELUGE making sense of the increasingly available behavioural data is the new gold
![Page 39: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/39.jpg)
most marketing departments are not
prepared to make sense of the single
view data that is rapidly becoming
available about their customers
![Page 40: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/40.jpg)
12. RESEARCH REACH & CLAIM majority of your audience are out of reach. you are what you do not what you say
http://www.theatlantic.com/magazine/archive/2013/03/anthropology-inc/309218/
![Page 41: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/41.jpg)
“you only get to talk to about 10% of the population
via traditional online market research, so what about
the other 90%? Who wants their evening interrupted
with a phone call from a research agency” Peter Harris
![Page 42: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/42.jpg)
we make
decisions on
claimed not actual
behaviour. who
can accurately say
how often they
have seen an ad or
purchased a
product in the last
4 weeks?
![Page 43: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/43.jpg)
13. EDM INVOLVEMENT
http://www.fullissue.com/index.php/email.html
volumes are up but open rates & click through rates are declining
![Page 44: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/44.jpg)
why do 79% of members don’t even open
your email? & it’s getting worse!
Source: Responsys
![Page 45: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/45.jpg)
14. CPM FOR TV ADVERTISING
http://www.digitalproductionme.com/article-1135-middle_east_tv_ad_revenues_to_buck_downturn/
your audience is not as high as you pay for!
![Page 46: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/46.jpg)
80
viewership of ad breaks can be 10%-
35% lower than the program you buy
Source: ikon
![Page 47: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/47.jpg)
SO THINK ABOUT… 15. MOBILE FIRST design for mobile…the most powerful technology of our generation
![Page 48: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/48.jpg)
“our coordinates, has the potential to
change all the outputs…where we shop,
who we talk to, what we read, what we
search for, where we go, they all change
once we merge location and the web” matthew honan wired magazine
![Page 49: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/49.jpg)
access reviews, pricing, content,
community & buy anytime anywhere
![Page 50: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/50.jpg)
mobile payment systems
change the pos & banking
![Page 51: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/51.jpg)
yet more than 50% of websites
are not mobile optimised
![Page 52: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/52.jpg)
16. ECOMMERCE
CONVERSION value, range & convenience driving online sales but conversion is extremely low
![Page 53: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/53.jpg)
different conversion by channel
online
conversion
good store
conversion
92%
30%
2%
mall
conversion
![Page 54: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/54.jpg)
why the high online cart abandonment?
online cart
abandonment
store cart
abandonment
<1%
65%
![Page 55: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/55.jpg)
http://www.shutupitson.com/tag/mad-men/
17. MEDIA AGENCY DEALS channel agnostic, complete disclosure transparency & total accountability
![Page 56: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/56.jpg)
media agencies who commit to future
investments with media owners before
understanding their clients needs
![Page 58: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/58.jpg)
18. THE AD AGENCY new models forming for social, digital, video & mobile channels
![Page 59: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/59.jpg)
agency resources measured on inaccurate
time sheets vs value/outputs
![Page 60: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/60.jpg)
Source: webzbranding.com
resourcing digital channels that are more
intensive, reiterative & measurable
![Page 61: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/61.jpg)
the creative director role will evolve
from creator to curator because no one
person has a mortgage on creativity
![Page 62: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/62.jpg)
http://steja007.deviantart.com/art/HD-wallpapers-part-2-104834273
agencies will collaborate more, shift to
projects over campaigns & create ideas
that are born to live in beta (social) not
built to die (media schedules)
![Page 63: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/63.jpg)
19. PRIVACY CONCERNS all notions of privacy are being traded for personalised utility
http://www.google.com.au/imgres?q=cyber+privacy&start=164&hl=en&tbo=d&biw=1680&bih=909&addh=36&tbm=isch&tbnid=F5
xmDMtUU7zoeM:&imgrefurl=http://www.ngcicommunity.org/wiki/index.php/Trust_and_Privacy&docid=mCXt2uOUvkUpLM&imgur
l=http://www.ngcicommunity.org/wiki/images/thumb/0/0e/CyberSecWithLock_small.jpg/350px-
CyberSecWithLock_small.jpg&w=350&h=263&ei=WUWtUKHlG-
b3mAWKv4DwBg&zoom=1&iact=rc&dur=468&sig=117778829446237125984&page=4&tbnh=136&tbnw=181&ndsp=58&ved=1t:
429,r:56,s:164,i:92&tx=131&ty=91
![Page 64: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/64.jpg)
Source: Accenture
retailers must offer control, relevance &
value in exchange for consumer information
![Page 65: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/65.jpg)
20. ADVERTISING BRIEFS ignored uninspiring briefs replaced with a business challenge
![Page 66: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/66.jpg)
“we're getting rid of the creative brief after we asked
our agencies to be honest about whether they used
them or not. they said they basically ignored it.
rather than offering their best work, creatives focus
on trying to give you what you want. instead, we're
now giving creatives a business challenge” p&g
![Page 67: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/67.jpg)
21. CREATIVE FEEDBACK the quality of the feedback & relationship supports great work
![Page 68: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/68.jpg)
http://sharpsuits.net/#Home
you get the creative work your deserve
![Page 69: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/69.jpg)
22. ACTIVE INVOLVEMENT
IN SOCIAL NETWORKS too often, acquisition is the key focus but active involvement is where the real value is…
![Page 70: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/70.jpg)
97.4%
2.6% active: like, post or comment
passive or do nothing at all
why acquisition over involvement & value?
![Page 71: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/71.jpg)
how do you get your community active?
![Page 72: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/72.jpg)
http://www.noupe.com/inspiration/stunningly-creative-and-unforgettable-print-ads.html
23. CRISIS MANAGEMENT listen, shape & respond with speed & transparency
![Page 73: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/73.jpg)
“consumers have
something they
have never had
before, the power
to warn &
threaten, rather
than to punish
silently after the
fact” bruce philp consumer republic
![Page 74: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/74.jpg)
24. ATTRIBUTION understanding the value of a customer remains the holy grail
![Page 75: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/75.jpg)
for every $1 spent online with
macy’s led to $5.70 in-store
![Page 76: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/76.jpg)
418% more likely to visit startbuck.com
spent 8% more. transacted 11% more frequently
are they pre-existing preferences? source: comscore
![Page 77: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/77.jpg)
source: comscore
fans are more valuable
spending $159 more per year
http://www.google.com.au/imgres?q=mcdonalds+facebook&um=1&hl=en&sa=N&biw=1920&bih=1019&tbm
=isch&tbnid=0v3-Z2BKm1XWhM:&imgrefurl=http://blog.hudsonhorizons.com/Article/Facebook-is-the-
McDonalds-of-Social-Networking-Infographic.htm&docid=92-B7tkw3-
lxWM&imgurl=http://www.hudsonhorizons.com/pub/images/facebookmcdonaldssocialnetworkinginfographic
s.jpg&w=274&h=263&ei=aDZET97fLerkmAWRtJnYBw&zoom=1&iact=hc&vpx=1152&vpy=148&dur=327&h
ovh=210&hovw=219&tx=122&ty=126&sig=111856002902335195116&page=1&tbnh=151&tbnw=154&start
=0&ndsp=45&ved=0CFcQrQMwBQ
source: syncapse
![Page 78: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/78.jpg)
25. REFLECTIVE THINKING
http://my.greasy.com/cgi-bin/blogapp/img.cgi?image=32367767.jpg
we are losing the ability to think in a deep, creative ways, which is affecting our decision making
![Page 79: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/79.jpg)
“teens were faster than adults at
reading online but their attention
spans were much shorter, so anything
difficult tended to be skipped” jacob nielsen
![Page 80: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/80.jpg)
“always on, information overload, multiple-
tasking work environments are killing
productivity, attention fragmentation,
dampening creativity and making us unhappy” mckinsey report june 2011
source: jon bird
![Page 81: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/81.jpg)
source: psfk
20 IMPLICATIONS asking the right question is the first step for change
![Page 82: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/82.jpg)
26 May 2010
1. understand the changes in your customer journey in terms of influence & purchase
2. location matters. shift your digital gravity towards mobile
3. determine the utility connecting content & channels for customers
4. optimise your website for mobile then design for it
5. track the interaction of your social communities & identify value
6. review your real TV audience and then negotiate on your ad audience
7. focus on activating of your edm databases
8. simplify your loyalty program to create real value
9. review your data analytic capability & tools
10. change the focus of your research towards behaviour
11. set aside 10% of your budget for testing
12. personalisation is the ultimate form of membership
13. evolve towards a social business design
14. don’t use meaningless words like engagement & activation
15. ask your media agency about undisclosed rebates
16. renumerate your agency on outcomes not time
17. find another way to brief your agencies. inspire with a problem not a brief
18. carve out time for reflection & learning
19. conduct market experiments to model channel attribution to guide future choices
20. define what you need to stop, start & continue to free up capacity to innovate
![Page 83: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/83.jpg)
![Page 84: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/84.jpg)
westfield study tours
morgan stanley
ellie rogers of ikon
david whittle of m&c saatchi
anouk darling of moon
michael batistich of we are social
peter harris of vision critical
jon bird of ideaworks
best buy slideshare
richard watson
youtube
google & google images
flickr
techcrunch
mumbrella
emarketer
smart company
inside retail
psfk
mckinsey quarterly
contagious
![Page 85: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/85.jpg)
@johnbatistich
![Page 86: Everything is Broken - Westfield Retail presentation -](https://reader033.vdocument.in/reader033/viewer/2022051609/546d1826af795962298b5234/html5/thumbnails/86.jpg)
http://www.creativeadawards.com/original/wrecking-ball/11338
EVERYTHING IS BROKEN THE END OF MARKETING AS USUAL
twitter @johnbatistich