2 Brand Power Score Today, consumers swipe once to plan a blind date, twice to order a four-course meal.. 3 Brand Power Score Marketers need to respond.. For the brand to influence cons
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Brand Power Score
Today, consumers swipe once to plan a blind
date, twice to order a four-course meal
The 1,440 minutes of their day is splintered into
hundreds of bite-sized moments They zigzag
to do what they want or need to do, like bumble
bees pollinating plants and flowers
They are truly Always-On Consumers, adaptive
and connected They change their behaviors
faster and adopt technologies earlier than
companies
2 8hours per day
on the mobile phone
Consumers on average own four digital devices & spend 60 hours a week consuming content across them They spend 2.8 hours per day on their mobile phones (up from 0.4 hours per day
in 2010), checking them over 150 times a day
They look up information while in the middle of another task Consumers trust online reviews as much as personal recommendations 1
1 http://www.nielsen.com/us/en/insights/reports/2015/global-trust-in-advertising-2015.html
smart phone users multi-task
trust online reviews
60
hours a week consuming content
150times a day
checking their phones
Vivaldi Partners Group
CONSUMER BEHAVIOR
IS CHANGING FASTER
THAN EVER
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Brand Power Score
Marketers need to respond
Most companies react too late, because marketers
are ill-equipped to understand and respond to the
Always-On Consumer
For the brand to influence consumer behavior in
context, marketers need a new way to understand
the strength of their brand.
of executives believe that their organizations are customer-centric
of marketers think that marketing has changed more
in the past two years than in the past 50 years 2
of customer experience experts participating in a recent Forrester conference say that customer experiences are differentiated
of marketers are prepared to market to the micro-moments
in which consumers search, buy and live according to a study by Forrester commissioned by Google
of their customers agree
95
76
6 2
8
%
%
%
%
%
2 Digital Distress study from Adobe 2013
Vivaldi Partners Group
COMPANIES ARE NOT
ADAPTING FAST ENOUGH
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Measuring brand performance needs to happen:
• at the moment of choice, not afterwards
• in real-life contexts, not at a computer
• by replicating real-life choices, not
improbable scenarios
The BPS or Brand Power Score is the measure of
a brand’s power to influence behavior in context, within specific moments of consumers’ path to purchase
The BPS ranges from –100 to +100, not unlike the well-known net promoter score (NPS).
But unlike NPS, which measures a consumers’
willingness to recommend a product or service, the BPS measures the actual results or outcomes that marketers want to achieve – consideration, purchase or loyalty.
A NEW WAY OF MEASURING
THE BRAND IS THE FIRST STEP
TOWARDS BRAND LEADERSHIP
INTRODUCING THE BRAND POWER SCORE
Read up on 29 reasons why marketers should demand more from their brand trackers,
by Branding Strategy Insider: http://bit.ly/20XEFqj
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DO YOU MEASURE THE STRENGTH OF YOUR BRAND WHEN IT REALLY
The first step is to capture the
moments that matter to consumers,
moments of need or want Google
calls them micro-moments McKinsey
calls them contextual interactions
Facebook calls them simply moments
Forrester calls them intent-rich
moments And Vivaldi calls them the
episodes of daily life.
At Vivaldi, we recommend a unique
sampling procedure that measures
demand in-situe and in the moment
or episode as the needs or wants
arise during the course of the day.
At Vivaldi, we use an innovative choice modeling approach that is implemented for mobile devices and that allows consumers to state their choices through simple swipes and a few clicks.
At Vivaldi, we measure based on comprehensive frameworks and models
of branding developed by Prof Kevin Lane Keller’s brand resonance model and our CEO Erich Joachimsthaler’s branding and brand equity work.
CAPTURE THE MOMENT MEASURE THE ACTION ASSESS THE BRAND STRENGTH
The second step is to measure the outcomes or results that the brand aspires to achieve in these moments, whether it is striving to achieve attention, consideration or preference, or purchase.
The third step is to measure the key dimensions of the brand equities, the industry or category drivers, and key customer considerations.
Trang 6DO YOU MEASURE THE POWER
OF YOUR BRAND IN DRIVING
ATTENTION, PREFERENCE, OR CHOICE
ALONG THE WAY CONSUMERS
SEARCH, SHOP AND BUY?
Connect with us if you would like to have a conversation about how you track your brand
Seth Traum
Vivaldi Partners Group
T 212 965 0900
E STraum @ vivaldipartners.com