Re-Thinking the Need for the 'Next Big Thing': 6 Success Principles for 2008 That Transform Sorcery into Science
Every year around this time…as we edge up to a new year, I am always asked the same question: “So, Chris, what’s the next big thing?” It’s a question that is also a regular theme at conferences and events throughout the year as well – including at the CMA Digital Conference in October where I had the opportunity to sit in on a breakout table about ‘the future of digital platforms’.
Over the last 15 years, we’ve all seen concepts, processes and technologies compete for the next big thing spotlight. For example, this year was the year where ‘social media’ captured the marketing world’s imagination. In 2006, the crown came to rest on ‘search engine optimization’ and, in 2005, viral marketing was all the rage. Prior to that, businesses were looking for ways to reach Gladwell’s ‘tipping point’, strive for Collins’ ‘great’-ness (from goodness) and raise their ‘emotional intelligence’. Meanwhile, ‘mobile’ has faded in-and-out as the ‘latest and greatest’ repeatedly from 2005 through 2007.
There will be no shortage of predictions and new crazes aimed at capturing the insatiable imagination of the digital marketing community as 2008 unfolds.
But I think striving for the next big thing reveals something about the digital marketing industry that we need to work on…as a group: an unhealthy dependence on finding ‘instant breakthroughs’ that are supposed to revolutionize how business and marketing in particular, is approached and conducted.
We love to talk about the latest and greatest social media site, widget, podcast, tool, gizmo, blog… but sometimes we do so to the point where obsession with the leading-edge means the industry spends little time transforming the newly discovered ‘sorcery’ into a proven science. That was something we heard repeatedly at the CMA breakout session on ‘the future of digital platforms’ – a call for the industry to spend time perfecting the existing technologies and techniques that are on the table. We also heard that marketers are growing overwhelmed with all the ‘latest and greatest’ things they are supposed to adopt into their plans.
It’s been my experience – and that of many of our partners and clients – that rather than waiting for the revolutionary innovation associated with the next big thing it makes much more sense to bring a disciplined approach to evolutionary innovation within our own businesses. Achieving this type of innovation can be achieved by adhering to some key principles:
1) Know Yourself Better Than Anyone. Clearly articulate what it is you do, what it is you do well, what you want to do better and your core operating values.
2) Stay the Course. Develop well-founded plans and then stick to them.
3) Measure Today and Always. Dedicate time, resources and processes to determine your success and opportunities for improvement.
4) Adapt. Anticipate and integrate modifications in work processes, staff and programs.
5) Link-In. Monitor trends related to your customers, prospects, competitors, relevant technologies, social demographics and similar industries.
6) Nurture Creativity. Develop work processes and a culture that truly encourages and rewards innovation.
By adhering to these principles with a dogged-like discipline, each company’s marketing will evolve in ways that will have a dramatic impact on the digital marketing industry – all without relying on the next big thing.
How do you create and sustain evolutionary innovation throughout your marketing programs and your company? Let me know by sending an email to ceo@thindata.com or sharing with us here on the CMA Blog.
