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Thought Leadership has helped consultancies make the leap from service to solutions providers
Create Demand Solutions Meet Demand Services
Source: Economist Intelligence Unit B2B customer survey, 2008 Megatrends in B2B Marketing Report
.. a strategic marketing tool that creates problems or opportunities in the mind of a consumer, and subtly
induces him
to act.
Without something straight-on sales pitches.
interesting to
Thought Leadership relies on our deep knowledge, experience and insights. It requires that we develop strong
points
issues
McKinsey is a Thought Leader because they publicly express a wealth of insights and solutions backed by solid research on tomorrows issues
Vattenfall
vs.
McKinsey
TL Leaders
Based on predictive research of market hot buttons
Aligned with firm strategic objectives & positioning
60% on promotion
60% on research
Source: Interviews, Bloom Consulting Report, Forrester B2B Marketing Study, Intelligence from Kennedy Information Advisors
A 6-step, research-based process to create TL assets that drive mindshare, growth and loyalty
Each step has several findings and recommendations that lend structure and rigor
1. IDENTIFY 2. FILTER 3. RESEARCH 4. ANALYZE 5. EXPRESS 6. MEASURE
Key Metrics
Key Criteria
Intellectual Quotient
Step 1. Identify requires a nuanced yet systematic way to deconstruct our target industries and identify tomorrows hot button issues.
Issues
What is the playground?
CAFE Standards Fuel economy activism Diesel emissions PEST analysis Safety/Recalls New Science and Discoveries Speed Limits Disasters AF & ZE vehicles Tragedies Insurance/Liability
Interests
Whos playing?
Manufacturers Customers Lenders Analysts Media Community, The Public NGOs Formal and Informal Interest Groups
Information
How do you bet?
Data Intelligence Consumer Behaviors, Preferences
Institutions
Whos refereeing?
Political institutions Legal institutions Regulators Standard setters Local/Regional/Cross-border/International
10
This is the research lab, and will lead to a high-volume of ideas Issues Interests
Environmental Certification/Regulations Mine Closure and Rehabilitation New frontiers - new reserves in emerging Africa & Asia Conflict Minerals Do we have an opinion? Carbon Tax (implications on Mining co.s?) Land acquisition issues (eg., POSCO in India, Rio Tinto in Papua) High regional relevance! Deep or Extreme mining Chinese monopoly on rare earth minerals Higher CAFE Standards = Lower Metals in cars Sovereign/Geo-Political interests Availability of fresh water/desalination technology Research opportunity? 60-95% energy use reduction potential in US mining Australian Mining co.s South African Mining co.s Organized Interest Canadian Mining co.s Mining Services Providers Shipping companies Land owners Speculators Unorganized Electronics/Automobile consumers Interest Media Union of Concerned Scientists
Information
Do we have data? Should we start collecting data?
Institutions
NGOs Quasi-government organizations Mining Safety & Health Administration National Highway Traffic Safety Administration Commodity Exchanges (eg., London Metals Exchange) American Iron & Steel South East Asia Iron and Steel Institute Scenario A London Metals Exchange (75% likely) Local Government Scenario B World Steel Organization (25% likely) Environmental Certification
What are the implications on externalities (health, safety, water) on commodity prices? What disruptive technologies can lower operating costs for miners? (for eg., Nickel Pig Iron)
Can we leverage internal subject matter expertise?
11
1. IDENTIFY
2. FILTER
3. RESEARCH
4. ANALYZE
5. EXPRESS
6. MEASURE
Key Metrics
Key Criteria
Intellectual Quotient
12
Impact on client
Higher CAFE Standards driving recycling of metals
x
Mining Safety
Environmental Regulation
Land Acquisition
Social
x
Legal
x
Conflict Minerals in Africa
Issue Identified
Interest Group
Legislation
Enforcement
13
Type
S
Regional Relevance
Global
DSS Relevance
Client Relevance
White Space
IQ
Information Available
MEDIUM
P, E
Global
HIGH
P P,E
AP,MEA,LAT AM
HIGH
AP,MEA AP,MEA
MEDIUM MEDIUM
P,E E P,S S
T D/T/S E/D/T D/T
14
In Step 3. Research, we convert issues into hypotheses and partner with credible 3rd parties to execute research projects
1. IDENTIFY 2. FILTER 3. RESEARCH 4. ANALYZE 5. EXPRESS 6. MEASURE
Key Metrics
Key Criteria
Intellectual Quotient
15
Is there research whitespace? Yes. McKinseys energy efficiency report identifies behavioral barriers in its portfolio of approaches to capture energy efficiency, but does not detail specific solution strategies. Most other applied research has been used by companies to increase household energy consumption (eg., Opower) or to design effective energy efficiency policies (eg., California state government) At what stage is the issue? How can DSS extract value?
x
x
16
In Step 4. Analyze, we distill data and information into compelling insights and useful solutions
1. IDENTIFY 2. FILTER 3. RESEARCH 4. ANALYZE 5. EXPRESS 6. MEASURE
Key Metrics
Key Criteria
Intellectual Quotient
17
1. IDENTIFY
2. FILTER
3. RESEARCH
4. ANALYZE
5. EXPRESS
6. MEASURE
Key Metrics
Key Criteria
Intellectual Quotient
18
Public expression must be informed by a detailed understanding of our channel options and consumption habits
CHANNEL CORE MESSAGE This is what DSS does, and were youre best choice We understand your business objectives and pain-points, and we can be partners Heres an idea you werent thinking about Hello again, heres an idea you werent thinking about We have an indepth knowledge of the issues that are important to you. Needless to say, we have solutions Heres what else we can do for you We understand the unique needs of your industry, and heres proof that we have delivered Heres an issue you werent thinking about TL ASSETS Presentations Case studies Expert Panels Case Studies White papers Bite-sized leave behinds Short articles Points of view Debate, Discussions DSS TIME COMMITME NT LOW CROSS/UP SELLING POTENTIAL HIGH ROI RICHNESS REACH RISKS
Conferences
HIGH
FACE-TOFACE
MEDIUM
Limits to scale and speed Difficult to sustain quality content Difficult to sustain quality content
Blogs
Newsletter
Microsite
White papers
Industry Forums
Case Studies
Webinars
19
Our expression tactics must be designed around issue urgency and audience power
High
Industry Forum Webinar
Cost and technology implications of the upcoming Carbon Tax in South Africa
BDM Sales Campaign
Newsletter
Audience Power
DSS Conference
Website
Blog
Low Low
Issue Urgency
High
20
In Step 6. Measure, we monitor and re-iterate our TL process to ensure that tangible value is being delivered
1. IDENTIFY 2. FILTER 3. RESEARCH 4. ANALYZE 5. EXPRESS 6. MEASURE
Key Metrics
Key Criteria
Intellectual Quotient
21
Attributable to TL2
Revenue ($MM)
Attributable to TL
Opportunities Contract1
Incremental revenue attributable to TL Leading Indicators : Shorter sales cycles, Higher conversion rate
22
Length and breadth of engagement is another key metric, and indicates progress towards building clients for life
2009-2011 Projects to Date Project to Date Revenue Average Revenue/Project 2012 2013 2014
Breadth
Length
23
A 6-step, research-based process to create TL assets that drive mindshare, growth and loyalty
1. IDENTIFY
Deep market analysis of target industries to identify the hot issues that will impact DSS clients Competency (or) Practice Marketing Either In-house or external partner, recommended by Research Director. Clients, Consultants, BDMs, Account mgrs Research Director, Content Specialists VOC, In-house expertise
2. FILTER
Filter issues based on issue life-cycle, scan for white space, find connect with DSS value proposition Competency (or) Practice Marketing
3. RESEARCH
Frame hypotheses, questions, data collection needs ; conduct research Competency (or) Practice Marketing Research Director
4. ANALYZE
Distill data and findings into compelling insights and solutions. Competency (or) Practice Marketing Competency (or) Practice Clients, Consultants, BDMs, Account mgrs Research Director, Content Specialists Building block research
5. EXPRESS
Public expression of insights and solutions through multiple delivery channels. Competency (or) Practice Marketing Marketing Communications
6. MEASURE
Ensure that TL is delivering tangible value for DSS Competency (or) Practice Marketing
OBJECTIVE
CHAMPION
RESPONSIBLE
ACCOUNTABLE
Marketing
Marketing
Clients, Consultants, BDMs, Account mgrs Research Director, Content Specialists Long-list of issues
Marketing
Short-list of issues
Insights, conclusions
OUTPUT
Long-list of issues
Short-list of issues
Insights, conclusions
Final product
Revenue/PTOI stake in TL output, designated at Stage 2. End-to-end oversight and implementation Specialized focus on specific TL phase Contribute expertise and will leverage output in own roles
This is a highly cross-functional process that will require a high level of stakeholder commitment.
** New hires