Speaking To 450 P&G Executives About Gen Y
Tuesday, July 1st, 2008So today Estee, Ian, Michael, Dorothy and I headed down to Sheraton Tower to speak to about 450 P&G Executives about Generation Y, the New Consumer and our purchase decisions as well as media consumption habits.
Michael, Dorothy and Ian getting ready.
Without a doubt, it was the biggest crowd I’ve ever spoken to (not including emceeing) and I hope they found it useful. One big concern (as always) is how “safe” it is to put your brands in the hands of consumers. As one of the execs put it, how do we know a blog won’t serve as a “brand spoiler”?
Left side of the room
Right side of the room.
I think it’s simple. The point I tried to hammer home today is: If your content or brand or product or service doesn’t suck, it won’t happen. By suck I mean the whole world hates it. I don’t think it has to be a perfect product, but a flawed one open to feedback is fine. And if you’re P&G, the textbook example for great brands, why should you be afraid? Your products should speak for themselves!
The one question I always want to ask is this: If you have kids (say, above 15). Do you really believe that your current media buying habits are in sync with their media consumption habits? I tried asking this today, but less than 10 people in the audience had kids over 15. So it became a moot point.
To some extent I think that’s a very dangerous position for an organisation to be in. If your key decision makers are at the age where they’re not interacting with Gen Y and think they are “safe” in the knowledge that what has worked for the last 30-40 years of marketing will still work, that spells trouble.
The smart companies will pick the brains of their youngest employees. MTV did that when I was there. Almost every week they would ask me “What would your age group think of this?” or “Is this lame to you?” or questions like that. I remember one instance where somebody two levels above my immediate superior (meaning she’s VP level) came to me and asked my opinion on some new VJ audition tapes.
I’m not trying to be a diva, but it astounds me that there were 140 students at Ad:Tech last week, and almost none of us were approached by execs just to talk.
Let’s put it this way: Every six months new graduates enter the workforce and decide what to buy with their newfound spending power. If you haven’t been communicating to them earlier, what makes you think you can do it now?
ps: While we’re on the topic of Gen Y. I found it weird to receive this as a “thank you” gift from P&G:
I don’t want to seem ungrateful but… Boss for women? I don’t get it. In future, either get “thank you” gifts that can go to either sex, or label your “thank you” gifts appropriately.
Tags: brand spoiler, brands in the hands of consumers, communicate asia, dorothy poon, geek goddess, generation y, media consumption habits, p&G, proctor & gamble, purchase decisions, sheraton tower, the new consumer
