Some languages are more precise than others. German's word for disappointment, “Enttäuschung,” for example, literally translates as “disillusion” and thus implies that the prerequisite of any disappointment is excessive (and false!) expectation. As if that needed any further evidence, Apple’s iPad presentation and President Obama’s first State of the Union address last Wednesday marked the preliminary culmination of an obvious trend: disappointment as a widespread sentiment and cultural subtext at the dawn of this young decade. Both Apple and Obama are among the most powerful brands of our time and occupy that vexing space between hype and hope in the public mind. Both have zealous fans and followers, and enjoy an almost religious admiration. And both have now suffered a very public deflation, a humiliating erosion of their once unflappable appeal of invincibility, a painful rejection of love.
For the first time in 23 years, Pepsi Co. has decided to not run any advertisements during the Super Bowl in 2010. Instead, the nation’s second-biggest soft drink maker is plowing marketing dollars into its "Pepsi Refresh Project," an online community that allows Pepsi fans to list their public service projects, which could range from helping to feed people to teaching children to read. Visitors to the site can vote to determine which projects receive money. The program will pay at least $20 million for projects people create to "refresh" communities. Last year, Pepsi Co. spent $33 million advertising products such as Pepsi, Gatorade, and Cheetos during the Super Bowl, according to TNS Media Intelligence, $15 million of it on Pepsi alone. Ad time last year for the NFL championship game cost about $3 million for 30 seconds, on average. Pepsi Co. spokeswoman Nicole Bradley said Super Bowl ads don’t work with the company's goals next year: "In 2010, each of our beverage brands has a strategy and marketing platform that will be less about a singular event and more about a movement." Pepsi's remarkable decision epitomizes the new paradigms of marketing: Online instead of TV; many-too-many instead of one-too-many; engagement instead of advertising; sharing instead of broadcasting; movements instead of events; communities instead of campaigns.
Several frogs are in London this week to unveil the special TEDGlobal issue of our design mind magazine in a very special TED Salon on Monday, with the title "More Substance of Things Not Seen." The event will be co-hosted by frog and TED, and moderated by Sam Martin, editor-in-chief of design mind, and Bruno Giussani, European director of TED. More about that soon.
It comes in handy for the frog delegation that this is also the first week of the magnanimous London Design Festival, an eclectic assembly of design-related programs, exhibitions, and parties all over town.
The Social Capital Markets (SOCAP) Conference, a landmark gathering of top business and government leaders creating market-based solutions for social impact, is taking place September 1-3, at San Francisco’s Fort Mason Center.
SOCAP brings together a unique mix of the world’s leading social innovators – traditional investors, impact investors, social entrepreneurs, philanthropists, new media, NGO’s and non-profits, wealth managers, development agencies, venture capitalists, MBA students and other groups interested in the growing opportunities of social capital — who are catalysts of change across the globe.
To help expand the global conversation about design to improve life, INDEX:, a global non-profit network organization based in Copenhagen, is partnering with Facebook to promote the online voting for the INDEX: 2009 People's Choice Award and enable an online discussion during the live stream of the awards show on 28 August.
Nice, attention-grabbing title for a blog post, isn't it? Hat tip to my friend Stephan Trueby, an architectural and design critic, who pointed me to The Garden of Cosmic Speculation, a thirty acre private garden in the Borders area of Scotland created by architect and architectural critic Charles Jencks. It is a joining of terrestrial nature with fundamental concepts of modern physics (quantum mechanics, super-string theory, complexity theory, etc.), and the literal and physical manifestation of the craftsman as philosopher, re-uniting the "head and hand divided" (Richard Sennett).
Marketers face three types of media as channels of interaction with their audiences: paid media, earned media, and owned media. We know that in today's hyper-relational, atomized micro-markets, paid media's effect is somewhat limited. The days of broadcasting one-way messages via mass media are gone. Traditional advertising is struggling to cut through the clutter in an economy in which attention is the scarcest resource. Most ads are ignored or perceived as spam.
The recession spurs innovation - sometimes in unexpected ways. BusinessWeek reports on a new trend it dubs "Trickle-Up Innovation:"
“This month, General Electric’s (GE) health-care division will begin marketing a first-of-its-kind electrocardiograph machine in the U.S. Although packed with the latest technology, the battery-powered device weighs just six pounds, half as much as the smallest ECG machine currently for sale. It will retail for a mere $2,500, an 80% markdown from products with similar capabilities. But what really distinguishes the MAC 800 is its lineage. The machine is basically the same field model that GE Healthcare developed for doctors in India and China in 2008. As such, the diagnostic tool exemplifies a way of thinking that may be ideally suited to dealing with the widening recession: creating entry-level goods for emerging markets and then quickly and cheaply repackaging them for sale in rich nations, where customers are increasingly hungry for bargains.”
