why millennials aren’t millennials

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Anthony J James | Chief Innova3on & Growth Officer, DDB Asia Pacific Republished September 2015 What Use is the Internet of Things to Marke3ng? | Published Aug 24, 2015

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Page 1: Why Millennials Aren’t Millennials

Anthony  J  James    |    Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific   Republished  September  2015  

What  Use  is  the  Internet  of  Things  to  Marke3ng?      |    Published  Aug  24,  2015      

Page 2: Why Millennials Aren’t Millennials

Anthony  J  James    |    Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific   Republished  September  2015  

What  Use  is  the  Internet  of  Things  to  Marke3ng?      |    Published  Aug  24,  2015      

Last  week  the  US-­‐based  Pew  Research  Centre  published  some  research  no;ng  that  the  majority  of  Millennials  -­‐  people  aged  between  18-­‐34  years  -­‐  didn’t  associate  

themselves  with  the  genera;onal  label  ‘Millennial’  at  all.  

Why  Millennials  Aren’t  Millennials  #agencypublisher  

Page 3: Why Millennials Aren’t Millennials

Anthony  J  James    |    Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific   Republished  September  2015  

What  Use  is  the  Internet  of  Things  to  Marke3ng?      |    Published  Aug  24,  2015      

Further,  they  considered  themselves  as  more  self-­‐absorbed  than  any  other  living  

genera3on,  and  nearly  half  considered  themselves  wasteful  and  greedy.  

“Clearly,  and  by  their  own  es3ma3on,  Millennials  

have  a  bit  of  an  image  problem.”  At  the  risk  of  incurring  the  wrath  of  those  who  abhor  commentary  about  Milliennials  

from  people  who  aren’t  of  the  genera3on,  I’m  going  to  explore  why  the  label  

‘Millennials’  probably  no  longer  maZers,  and  why  as  marketers  we  need  to  be  

sensi3ve  to  their  labelling  resistance.  

Page 4: Why Millennials Aren’t Millennials

Anthony  J  James    |    Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific   Republished  September  2015  

What  Use  is  the  Internet  of  Things  to  Marke3ng?      |    Published  Aug  24,  2015      

Firstly,  let’s  think  about  the  term  ‘Millennials’.  In  jus3ce,  it  ought  to  refer  to  people  born  on  or  around  the  turn  of  the  century,  but  in  fact  it  applies  to  people  born  from  1981.  Some  became  adults  before  the  turn  of  the  century,  and  even  the  youngest  probably  remember  the  celebra3ons.  The  millennium  came  a^er  them,  and  was  not  a  marker  of  a  change  in  their  prospects.  If  anything,  the  rise  of  the  consumer  internet,  from  six  years  before  the  millennium,  was  a  much  more  significant  marker  in  their  personal  journeys.  

And  the  millennium  itself  was  for  most  of  this  genera3on,  largely  insignificant.  They  inherited  none  of  the  aspira3ons  held  about  the  millennium  by  previous  genera3ons,  shaped  and  reinforced  as  they  were,  by  decades  of  science  fic3on.    Instead,  this  genera3on  beheld  the  new  century  with  a  strong  sense  of  its  limita3ons  and  flaws.  From  climate  change  to  terrorism,  economic  instability  and  allega3ons  of  government  spying  on  personal  communica3ons,  this  genera3on  were  not  exposed  to  the  space-­‐race  fuelled  hope  of  the  Boomer  genera3on,  nor  even  the  Wall  Street  opportuni3es  and  excesses  of  Genera3on  X.    

 

 

The  Term  Millennial…  

Page 5: Why Millennials Aren’t Millennials

Anthony  J  James    |    Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific   Republished  September  2015  

What  Use  is  the  Internet  of  Things  to  Marke3ng?      |    Published  Aug  24,  2015      

"Is  it  any  wonder  that  they  regard  the  millennium  as  essen4ally  broken?.”  

 Anthony  J  James  

Chief  Innova3on  &  Growth  Officer,  DDB  2015  

Page 6: Why Millennials Aren’t Millennials

Anthony  J  James    |    Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific   Republished  September  2015  

What  Use  is  the  Internet  of  Things  to  Marke3ng?      |    Published  Aug  24,  2015      

Then  there’s  the  marke3ng  prac3ce  which  has  dogged  Millennials  since  they  were  early  consumers.  Marketers  always  pandered  to  this  genera3on,  and  while  ac3vely  cri3quing  their  culture  of  self-­‐absorp3on,  they  also    sought  to  exploit  it,  launching  campaigns  that  allowed    Millennials  to  share  more  and  more  about  their  tastes    and  personal  lives.    They  were  acutely  aware  of  the    control  that  Millennials  had  over  brand  experience,  so    by  enabling  the  sharing  of  personal  stories,  marketers  were  able  to  maintain  some  control  over  brand    messaging.  And  this  cult  of  the  personal  culminated    in  the  (in)famous  Time  Magazine  Person  of  the    Year  cover  of  2006:  You.  

Page 7: Why Millennials Aren’t Millennials

Anthony  J  James    |    Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific   Republished  September  2015  

What  Use  is  the  Internet  of  Things  to  Marke3ng?      |    Published  Aug  24,  2015      

So  to  a  very  strong  extent,  marketers  have  been  responsible  for  the  current  percep3on  held  by  Millennials  about  themselves.    But  the  accuracy  of  this  percep3on  is  inconsistent  with  actual  behaviours  of  Millennials.  

According  to  research  conducted  by  Goldman  Sachs  and  DeloiZe,  Millennials  are  actually  much  less  acquisi3ve,  much  less  interested  in  flamboyant  exhibi3on  of  their  personal  success  and  wealth,  and  they  are  much  more  likely  to  be  diligent  workers  in  their  careers.    While  they  do  move  from  job  to  job  more  frequently  than  previous  genera3ons,  they  tend  to  have  a  more  sophis3cated  awareness  of  the  value  of  their  contribu3on  to  a  career,  and  they  will  exit  a  role  when  that  contribu3on  begins  to  decline.      

Millennials  are  cost-­‐sensi3ve,  health-­‐aware,  and  they  prefer  the  recommenda3ons  of  friends  and  family  in  purchase  selec3ons.    They  aspire  to  leadership,  but  they  are  concerned  about  the  disconnect  between  company  agendas  in  large  corpora3ons,  and  the  need  to  improve  society.    

Marketers  Are  Responsible!  

Page 8: Why Millennials Aren’t Millennials

Anthony  J  James    |    Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific   Republished  September  2015  

What  Use  is  the  Internet  of  Things  to  Marke3ng?      |    Published  Aug  24,  2015      

In  other  words,  Millennials  are  actually  less  self-­‐absorbed  and  more  realis3c  than  previous  

genera3ons.    And  as  they  rise  to  execu3ve  posi3ons  within  the  workforce,  this  divergence  

between  perceived  selfishness  and  actual  behaviours  is  widening.  

As  marketers  we  should  be  acknowledging  that  our  old    

percep3on  of  Millennials  is  widely  off  the  mark.    And  we    

should  be  aware  that  labelling  of  any  kind  is  probably  

 unhelpful  when  trying  to  sell  to  this  age  group.  As  this    

group  ages,  and  their  priori3es  consolidate,  it  is  important    

to  acknowledge  that  their  resistance  to  labelling  is,  at  least    

in  part,  because  their  prac3ce  doesn’t  match  their  profile.  

What  Are  The  Immediate  Opportuni3es?  

Page 9: Why Millennials Aren’t Millennials

Anthony  J  James    |    Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific   Republished  September  2015  

What  Use  is  the  Internet  of  Things  to  Marke3ng?      |    Published  Aug  24,  2015      

Published  by:  Anthony  J  James  Chief  Innova3on  &  Growth  Officer,  DDB  Asia  Pacific  originally  published  on  LinkedIn  

It  might  be  easy  to  call  them  ‘Millennials’.    But  we  should  be  calling  them  ‘today's  new  leaders’.