Archive for January, 2012

Is Kodak really out of the picture?

I feel sad for Kodak. A brand that defined an entire industry has been beaten by evolution.

But digital isn’t responsible for its demise; it was Kodak’s resistance to it and other change that saw the final nail in the coffin called bankruptcy.

Having never quite capitalised on the digital technology it pioneered, Kodak stood firmly behind its stand alone stores and print offers – trying to push its film brand.

Kodak, say analysts, also misunderstood the new ways consumers in which consumers wanted to interact with their photos. I hate to make this judgement, but it seems to have been the Yahoo of the photo world. Laughing in the face of competition and resting on the laurels that the brand was once the best in its field – surely that would be enough. And what about our loyal customers?

For a brand that created “moments” it certainly struck the rest of the world as odd when it left itself out of the picture. Indeed, missing the digital moment that would thrust it into the future.

Another aspect of that was online photo publishing, printing services that delivered prints to your door and department stores joining the bandwagon, printing photos for a few pence a shot.

Indeed, there were many things that went wrong for Kodak, but no real reason why it couldn’t have caught up if it tried.

Yet, even in bankruptcy, Kodak boasts some enviable strengths: a golden brand, technology firepower that includes a rich collection of photo patents and more than US$4 billion in annual sales of digital cameras, printers and inks.

It’ll be an interesting one to watch with some speculating that a revival isn’t completely out of the question.

But it sure would take one hell of a marketing effort to restore any faith in the brand.

For now, we’ll wait and see. In the meantime, here are some cute “moments” from a brand that will always be remembered as a pioneer, a ‘titan’ of the photographic and printing industry.

Not even Rihanna could save it…I guess it was love in a hopeless place.

What’s next for Yahoo?

Jerry Yang has gone – the pioneer of Yahoo, a guy that can be credited with bringing the internet to masses. Well, maybe that is a bit extreme, but he did change the way we communicate on the internet. In my eyes, he was first.

From 1995 until the early 2000s Yahoo reigned the internet search landscape and was the first online navigational guide to the web. Now Google may argue with that, as it has been around since late 1998, but Google as a start-up didn’t attract as much investment capital as Yahoo and took a little longer to get operations off the ground…and online.

In the early days, Silicon Valley investors pitched in US$2 million for Yahoo. Google attracted just US$100,000, initially. Six months later it got an extra US$25 million – making the Yahoo the underdog.

In most movies, the underdog wins. It is who we back, not just out of sympathy, but usually because we see so much untapped potential.

That is how we will always see Yahoo – an underdog with a lot of potential.

It has been a struggle for Yahoo – there is no denying that. Especially over the past few years which has seen the great Carol Bartz – whom originally replaced Jerry as CEO of Yahoo – pushed in and out as quick as you can say, well, Yahoo; share prices dips, shareholders causing a stir and profits plunging as the economy exercises its relentless payback.

The “global internet communications, commerce and media company that offers a comprehensive branded network of services to more than 345 million individuals each month worldwide” somehow lost its groove soon after the turn of the millennium.

Perhaps they should have opted for Microsoft’s offer in 2008 of US$44 billion. But no one saw the dotcom crash coming, or subsequent enduring financial crisis – even September 11 had an impact.

Yahoo’s current market value stands at about US$20 billion. Its localised partnerships in a variety of markets have seen advertising revenues jump and services boosted but it simply isn’t enough to mark a return to its heyday.

In a letter to Yahoo’s chairman of the board, Yang said he was leaving Yahoo to pursue “other interests outside of Yahoo”.

Perhaps it is time Jerry had a break. It’s been a long hard run.

But without Jerry’s passion, his protective watch over the company he built from the ground up, can Yahoo continue to survive?

Some analysts have said that Jerry has been an impediment to the sale or restructuring of the business. In addition to leaving the board, he is also giving up his title of “Chief Yahoo”, which may give CEO Scott Thomson a bit more freedom. If not more pressure from shareholders.

For me, Yahoo is a household name. I have Yahoo mail, I love my localised Yahoo7 (partnership with Channel 7 here in Australia) and I love all the other ‘channels’ they have on their homepage – a real one-stop shop for news and everything else when I get into the office in the morning.

However, what does a search and advertising company need with Flickr, Yahoo Greetings, Yahoo Personals, Del.icio.us, Yahoo Pets, Blo.gs, Upcoming.org, Yahoo Music, Yahoo 360, or Horoscopes?

Such services have offered little value to Yahoo over the years.

The company has spent its time and resources maintaining services with a huge, financially unjustified overhead; all the while, its search market share continues to dwindle.

To remain a profitable business, Yahoo needs to refocus on the search market. They reckon the global search market is worth about US$11 billion a year. Yahoo should now concentrate its efforts on taking a bigger slice of that very big pie.

So long Jerry and thanks for everything.

How to be a digital ninja in 2012

Looking to bolster your digital capabilities in 2012? There’s only one device you’ll need, and finally it is your mobile.

We’ve published many a headline over the years to the effect of “Is this the year of mobile?”

While we’ve all waited eagerly – knowing the broad capabilities our pocket devices hold – we have been disappointed year and year again.

But finally, it seems like 2012 is it for mobile.

And we’ve not waited because there hasn’t been cool stuff on mobile until now, we’ve just all been so caught up with devices that have come since mobile.

You have to remember that mobile is an old platform – reinvigorated perhaps by replacing ‘mobile’ with ‘smart’. The year of the smartphone has dawned.

Why?

Our insistent need to be socially connected at all times. But not only is social growing, content is.

Facebook currently boasts 800 million users worldwide. Of those, 350 million are using Facebook mobile – sharing news clips, photos and blogs.

We’ve said content is King before, but this will ring true more than ever in 2012 as internet users shy away from simple status updates.

Branded apps are also on the rise as smartphone take up steadily increases and the naysayers of the iPhone, HTC, iPads and other smart devices join the life of the living.

Brands have been trying to get into the pockets of consumers for years, but there has always been a challenge for some to do it in an organic, fun and engaging way.

So with the huge growth in online shopping outside of eBay, there’s never been a better time.

With this, brands will also become more creative when it come to geo-location platforms and there will be a smoother, more complete social integration.

I had never quite realised how much my phone could do until I was given an iPhone 4 recently. But it wasn’t until after my laptop and iPad were stolen in a break and enter until I realised I could actually do everything I wanted and needed to do from my phone – my iPhone 4.

I think others are starting to notice also…especially brands and marketers.

I can’t even catch public transport with checking the app to see how long I have to wait, go to dinner without checking out Yelp or start my morning without checking the latest specials on ASOS.

It’s an increasingly digitally mobile world.

How to get a brilliant new job in marketing this year

“Whether you’re looking for a new job or looking to make your next rock star hire, matching talent with opportunities is a time-consuming process,” reckon the folks at LinkedIn.

Late last year the professional social networking site launched a real-time job seeker application – currently in Beta. Profile Matches, aims to make it faster and easier to find jobs and candidates.

LinkedIn members will also be matched with job opportunities that they might otherwise miss, and hiring managers and recruiters will see qualified candidates immediately after posting a job.

I have to say that the feature is actually pretty good. This new feature works best when you’ve filled out the experience, summary and professional headline sections of your profile with details about your skills.

It’s been a long time coming for LinkedIn when you think about it. The site already enables users to list whether or not they are interested in job opportunities – and recruiters have long used the site as their head hunting ground.

And it’s no wonder: LinkedIn adds around 10 new members every 5 seconds, according to the company’s senior vice president of product development, Deep Nishar.

LinkedIn has around 135 million users in more than 200 countries. That’s a lot of exposure and opportunity.

Furthermore, as of September 2011, LinkedIn counts executives from all 2011 Fortune 500 companies as members; its corporate hiring solutions are used by 75 of the Fortune 100 companies.

There are 528,000,000 search results for ‘Marketing jobs UK’ when punched into Google.

Searching for a job using social media isn’t anything new. And in the field of marketing, it’s almost a given. We are a networking profession after all.

In reading through the many stories of those who managed to secure their current gig through social media, the biggest trend seemed to be that a chance tweet, Facebook post, or online connection made all the difference.

Here’s a cool one from a few years back: