LUCRUM, Meatballs, and Marketing
April 10, 2008
Yesterday I, along with the LUCRUM business development team, got the opportunity to listen in on a live conference call with author Seth Godin, courtesy of SFEntrepreneur.com. It was excellent and extremely relevant to the future of business.
Seth discussed his latest book, Meatball Sundae, which is about the revolution that is taking place in business thanks in large part to the growth and expansion of the web and other associated technologies. Seth claims that the old model for business, and thus Marketing, is broken and dying.
The old way is: big media, big advertising budgets, limited communication channels, top down, interrupt people with average, sanitized messages about average stuff made for the masses. This is the Meatball part of the Meatball Sundae and represents the old way of doing things - classical marketing and advertising.
The new way is: infinite communication through infinite channels in all directions, constantly evolving conversations, consumer oriented, niche focused, web enabled, search driven, and completely at odds with what used to work. This involves employee development, R&D, a commitment to making something remarkable, listening, problem solving, blogs, wikis, social media, word of mouth, and other emerging forms of technology in marketing. It is the Sundae - the whipped cream with a cherry that everyone wants to put on top.
The problem many companies face is that they try to keep the old (Meatballs) and then combine the new (the sundae). What you get in the end is not something great, but rather something that just does not work. A Meatball Sundae - Gross. You can’t just take the old way of doing things, slap some “new marketing” on top and expect it to work. What is needed is a whole new mindset. One that is about empowerment, accountability, open communication, transparency, honesty, and creativity.
I believe that Seth is absolutely correct in his analysis of the current state of business, and that what he says can be applied to what we are doing here at LUCRUM. When I started here at LUCRUM a few months ago, I had just read this book for the first time. I am now re-reading it. We are trying to make the leap from yesterday into the future, and as a result we are making fundamental changes to who we are as a company. It is a new mindset. A mindset that is focused on how we can make our organization one that thrives in the world of new marketing, and not how to we use the new “cool tools” to support our old structure. Our cultural and structural changes have been a widely discussed topic as of late - even making the paper (meatball). Many of these challenges are not unique to LUCRUM, but rather represent the changing world around us. Further, our recent struggles merely validate the ineffectiveness of the old way of doing things and serve as an impetus for change.
We are striving to be the best in the world at using technology to solve the business problems of our Clients. I believe that our leadership team is committed to achieving this goal. Our blog represents this change on some level, but what I hope to ensure is that I am not the architect of a giant, disgusting meatball sundae of my own. I am very encourage by the fact that I see people here embracing a mindset centered on delivering incredible results for Clients. I see a company transforming into something amazing - something far bigger than “hey we have a blog now.” Yes, the blog is amazing. Yes I am very proud of it. Yes I am fascinated by the contributions of my colleagues to this experiment in marketing. But more importantly, I am fascinated and amazed by what it represents. Our people care - all of our people. Our people have a voice - all of our people. We are focusing on giving our clients and customers a voice too - all of our customer and clients. More importantly, we want to listen to that voice. No more of the highly sanitized corporate speak that plagues IT consulting firms. Just real, honest communication. We are on a journey. We have a long way to go. Still, look how far we have already come.
Back to the book… In it, Seth does a great job of identifying 14 of the trends that are shaping the future of business. They are as follows:
- Direct communication and commerce between producers and consumers
- Amplification of the voice of the consumer and independent authorities
- Need for an authentic story as the number of sources increases
- Extremely short attention spans due to clutter
- The Long Tail
- Outsourcing
- Google and the dicing of everything
- Infinite channels of communication
- Direct communication and commerce between consumers and consumers
- The shifts in scarcity and abundance
- The triumph of big ideas
- The shift from “how many” to “who”
- The wealthy are like us
- New Gatekeepers, No Gatekeeper
If you want to know what is driving the thought process of our Marketing, simply study these trends (or just read Seth’s blog). We will look to embrace these ideas wherever and whenever possible as we shape the future of LUCRUM. Everything we do is marketing, and thus everyone gets the opportunity to take part.
Thanks to Seth Godin and SFentrepreneur.com for putting the call together.
Sphere: Related ContentWelcome Christy
March 31, 2008
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