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Product Marketing

Science – not that actually

Very often marketingt continues to be described as an [tag]art[/tag], as much as it is described a science — both have validity. True enough! Marketing is both a science and an art. So most folks market to themselves and that personal bias introduces a narrow cast which may not deliver an significant value, but you have to attempt to see if your experiences represent a meaningful buying driver. That is in fact is the only real [tag]normalized[/tag] reality – an understood moment and a cohort group, seems like a marketing opportunity.

Marketing is not a science or an art. Science and art – recognize your affinity and spin! This is the science. Don’t get me wrong – I have significant faith in analytics and models, but they evolve and moments in time represent an opportunity to tell a story and witness the story. There is no single model – to that end it is art.

Nevertheless, the ability to determine the response rates and conversions is science. Alas – Art and Science. Arrrgghhh!

I am for sure it will not be effective 🙂

Relevant Quips: Technology Product Management

So I challenged myself to come up with a new slide theme and I unreasonably constrained myself to the “RQ” which I had already created as a category for my [tag]slideshare[/tag] quote [tag]project[/tag].

I just get a little nervous when I convert a category to a tag in [tag]wordpress[/tag].

The Blue Cloud – A Sign of the times…

IBM’s announcement of the Blue Cloud is another step in delivering on demand capabilities around infrastructure, not unlike Amazon’s AWS or Google’s applications.  This change in service delivery and managing a highly available infrastructure will radically change what was typically referred to as outsourcing in the data center space to be a new thing – [tag]service-sourcing[/tag].

Do you care where the computing, storage and integration services come from?  Probably not, you only care that it is available and scalable.   The combined capabilities of hardware, software, services and monitoring from IBM may ultimately represent a tipping point in IT delivery and Management.  A cloud deployment of shared services may deliver a new capability for B2B akin to social networking.

Think about it.  You consume the same platform as your customers, suppliers, channel partners and other key business partners represents instant interoperability.  With the leadership of key cloud providers soon de facto standards will emerge akin to OpenID for B2B.

The cloud platform will soon become platforms for development and provide an ecosystem for mashups and add-on apps similar to [tag]facebook[/tag] applications – in fact they could BE facebook apps.  Marketing campaigns will be able to quickly deployed via video, products will become mini and micro payments have the opportunity to level the playing field in the ISV landscape.  Under this new paradigm all you need is a compliant cloud app which drives value and scales on demand.

It appears we are quickly approaching a model equal to social media for businesses, are you ready for social integration?

The 5 Phases of Surprises in Marketing Initiatives

I continue to read that Bob book and it again has an analogy which rings true for marketing professionals, the 5 Stages of Surprises.  I’ve of course re-labeled it like a good [tag]marketer[/tag].   No such thing as a new idea – just new packaging.  The trick is remembering it at the right time.

The 5 stages of Market Initiative Surprises typically apply to both the good surprise and the bad surprise.  If you get a crazy good response rate and [tag]ROI[/tag] or the opposite, no ROI, either way the phases are applicable – I think.  So what are the phases?  Confusion, Anger, Denial, Rejection and Oh Well. 

These stages only apply to successes, if you in fact acknowledge you are not the alpha and the omega of all things known to marketing.  If you are the alpha marketer, then maybe not, but as an average Joe who is typically surprised by the wildly successful and the not successful intiative – I think it works.  I’m in the “Marketing is a science with a good deal of art infused camp”.  So let’s understand the phases:

Confusion: You launch something out to the market and start getting confusing responses.  A confusing response could be a series of inbound inquiries which are off topic, a high volume of response or just no responses.
Anger: So anger comes on both sides.  You get angry on a successful initiative because it becomes a “why haven’t I thought of this before?” situation.  As for a not so good initiative, you become angry because you just don’t understand the limited uptake – I mean it was a GOOD idea after all with a compelling message.

Denial:  Denial only works on a successful campaign if you understand that every idea can’t be wonderful or a hit.  It’s easy to understand the denial on a negative campaign or outreach initiative.  Admittedly – this is a short phase in the good initiative.

Rejection:  There has to be something wrong with the metrics in either scenario.  So you wait it out a little.
Oh Well:  This is the final stage and it basically is the “Hey this thing worked” or “This thing didn’t work”.  For the final stage to add value, this is where you have to acknowledge the outcome in earnest and learn from the activity.  Either way, this is also the rationalization phase and where you create the story of the initiative, since you now know where it is landing and what you need to do.

The timeline for each phase depends on the the level of trust in your processes, organizational resources and systems.  The denial and rejection phases get bloated if you have limited trust in the infrastructure (people, processes and technology).  It is possible that this look at the  5 phases of surprises may not be correct, I’m just going to wait the metrics out on this post and see if I get surprised.