by Fronetics | Aug 26, 2015 | Blog, Consumer Electronics, Strategy, Supply Chain
Source: University of Wisconsin -Madison
In 2014 the global consumer electronic market was valued at $1,224.8 billion. Future Market Insights projects that the market will reach $2,976.1 billion by 2020, reflecting a CAGR of 15.4% during the forecast period, 2015 – 2020. As the industry grows, driven by our desire for new technology, so does the amount of electronic waste (e-waste).
Right now 70% to 80% of our old gadgetry goes straight into landfills. According to research firm MarketsandMarkets, the global volume of e-waste generated is expected to reach 93.5 million tons in 2016, up from 41.5 million tons in 2011 at a compound annual growth rate of 17.6%. This waste contains hazardous materials which are harmful to human health and to the environment and are both non-renewable and non-biodegradable.
Semiconductor chips are one of the contributors to the hazardous materials found in e-waste. Researchers at the University of Wisconsin recently announced that they have created a new computer chip – one that is biodegradable and one which reduces the amount of semiconducting material used in manufacturing by a factor of up to 5,000. In spite of these changes, the new chip performs at the same level as traditional chips.
The new computer chip retains the active components of traditional chips, but in the base layer the new chip replaces silicon with cellulose nanofibril (CNF), a flexible, biodegradable material made from wood. This change means that the computer chip can decompose in nature.
In a press release Zhenqiang “Jack” Ma, research lead and UW-Madison electrical and computer engineering professor, says this about the new chips: “Now the chips are so safe you can put them in the forest and fungus will degrade it. They become as safe as fertilizer.”
While these new chips are game-changing with respect to human health and the environment, they are also poised to transform the consumer electronics industry. The transformative nature of the chips, and the one that will likely be the tipping point to adoption, is their transparency and flexibility.
Ma’s new chips are ready for commercialization.
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by Fronetics | Aug 25, 2015 | Blog, Content Marketing, Logistics, Marketing, Supply Chain
Earlier this year, when Fronetics Strategic Advisors set out to explore the role of content within the logistics and supply chain industries, a full 86% of the companies we surveyed reported using content as a marketing tool – their primary goals being to build brand awareness and generate leads. Remarkably, more than three quarters of these companies told us that content was an effective tool for their business. However, a top challenge identified by respondents was the execution of a structured and effective content strategy.
In response, we’ve developed a content marketing guide specifically for companies within the logistics and supply chain industries. This guide has been designed to not only get your content strategy off the ground, but also to supercharge your route to success. In it you’ll find step-by-step instructions, templates, lists, and samples that’ll walk you through building your own content strategy – from proven best practices to advanced techniques. Download your free content marketing guide to get started today.
When it comes to marketing we work with our clients to create and execute strategies that drive success and elevate their brand position within the industry. Unlike other firms, we align marketing programs with business objectives and, through a data driven approach, are able to deliver results with a targeted ROI. Our team is comprised of strategists, marketing professionals, writers, designers, and experts in social media. Together we leverage our experience to increase brand awareness, position our clients as thought leaders, drive meaningful engagement with prospects and customers, and help businesses grow.
We have deep expertise and a proven track record in a broad range of industries including: supply chain, real estate, software, and logistics.
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by Fronetics | Aug 24, 2015 | Big Data, Blog, Data/Analytics, Strategy
Big data is big. Over the past two years alone more than 90% of the world’s data has been created. Each day more than 2.5 quintillion bytes of data are created. For those who are more numerically inclined that is more than 2,500,000,000,000,000,000 bytes per day.
Companies are spending big money to determine how they can harness the power of big data and drive actionable, practical, and profitable results. The International Data Corporation (IDC) recently forecasted that the Big Data technology and services market will grow at a 26.4% compound annual growth rate to $41.5 billion through 2018, or about six times the growth rate of the overall information technology market.
Weatherhead University Professor Gary King notes that: “There is a big data revolution, but it is not the quantity of data that is revolutionary. The big data revolution is that now we can do something with the data.” Herein lies the problem. Even as the quantity of big data being generated increases, and even as the money spent on big data increases, the majority of companies find themselves struggling to do something with the data. Companies are drowning in data while at the time being parched for information.
KPMG recently conducted a survey of 144 CFOs and CIOs with the objective of gaining a more concrete understanding of the opportunities and challenges that big data and analytics present. The survey found that 99% of respondents believe that data and analytics are at least somewhat important to their business strategies; 69% consider them to be crucially or very important. Despite the perceived value of big data, 85% of respondents reported that they don’t know to analyze and interpret the data they already have in hand (much less what to do with forthcoming data).
Moreover, 96% of survey respondents reported that the data being left on the table has untapped benefits. 56% of respondents believe the untapped benefits could be significant.
Research conducted by Andrew McAfee, co-director of the Initiative on the Digital Economy in the MIT Sloan School of Management, supports this belief. McAfee’s research found that “the more companies characterized themselves as data-driven, the better they performed on objective measures of financial and operational results.” Specifically, “companies in the top third of their industry in the use of data-driven decision making were, on average, 5% more productive and 6% more profitable than their competitors.”
Looking forward, companies that are able to effectively collect, analyze, and interpret data will gain a competitive advantage over those companies who are not able to do so.
by Fronetics | Aug 18, 2015 | Blog, Leadership, Marketing, Social Media
In one of the most infamous social media gaffes, the insurance giant Aflac fired its widely-recognized spokesman Gilbert Godfrey after he tweeted insensitive comments about the Japanese tsunami in 2011. The rapid growth of social media has created a gray area for employers and employees alike in the space where personal and professional meet, to be certain. But, social media has also presented some of the greatest opportunities for marketing growth since the introduction of the internet. Even so, companies have been slow to relinquish control and absolute authority of their brands on social media. Those that have embraced employees as brand ambassadors, though, have seen mighty returns on their efforts.
A few years ago when Sodexo set out to transform the way it uses social media, no one could have foreseen how successful the initiative would eventually become. Through a series of intentional moves, the company empowered its employees to use social media to extend its brand. In short, Sodexo shifted its social media efforts from strictly marketing to the education and empowerment of employees. Its expanded marketing efforts engaged and mobilized its entire workforce as brand ambassadors. As an example, to find and attract top talent using existing employee connections, Sodexo crafted a targeted social strategy. The company identified employees who were frequent social media users with many connections and tasked them with social job sharing – in other words, employees were asked to use their personal social media accounts to advertise job openings to their collective social connections. In just three years, Sodexo grew their average job opening pageviews per month by over 1,100%.
So how can your company foster a similar online community of connected and engaged employees? To begin, listen and observe. Monitoring the activity of both your company’s social profiles and that of your employees will help you to understand how employees are currently using social media to interact with your brand. From there, you’ll be able to identify employees that are heavy users of social media and which employees are online community influencers. Note what topics and social networks drive the most engagement. Use this initial research to set benchmarks and goals for progress. After you’ve completed the review of your company’s social landscape, you’ll have a clear picture of where the greatest areas of opportunity lie and who to tap for help.
Successfully reframing your employees as brand ambassadors through an intentional social strategy requires creating a culture that empowers and incentivizes employee participation. It’s important to clearly articulate your company’s overall social strategy, but much more important to link its goals and objectives to employee job functions. Employees are much more likely to participate if what you’re asking them to do is seen as complementary, not supplementary to their workload. To encourage informed participation, provide training for your social media brand ambassadors. For example, you could invite a local college professor to present at an internal workshop outlining how to write content specifically for social media. Or, mine existing internal resources by tapping your communications department to lead an introductory corporate digital communications webinar for social brand ambassadors. Creating an informative and sustaining dialogue with your employees will be key in determining whether or not your efforts will be successful.
Once you’ve empowered your employees with the appropriate resources and knowledge, motivate them to participate online. Ask brand ambassadors to follow your company pages, promote company events or initiatives, and share company-posted content. Assign them as group moderators of online communities. Request their contribution as subject matter experts for blog posts. Whatever it is you decide to ask of them, it’s critically important that you regularly engage them. Companies that consistently treat employees as partners in social media by marrying the personal and professional growth of employees stand to gain significant benefits.
Back at Sodexo, a quick glance at the company’s social media profiles reveals a thriving online community driven by employee participation. The Sodexo Facebook page shows a wealth of employee comments and posts, links to employee blogs, and corporate posts highlighting employees. The company’s Twitter account is populated by dedicated hashtags for employees and tweets about employee participation in one of the company’s social initiatives. It’s clear Sodexo’s employees are enjoying the perks that come along with engaging online with their employer. Meanwhile, Sodexo itself is expanding brand awareness, enjoying improved internal communication, increasing sales, and attracting top talent – simply by empowering its own employees to become ambassadors of the brand.
by Fronetics | Aug 13, 2015 | Blog, Marketing, Social Media, Strategy
With LinkedIn this month reporting a 33% year-over-year growth of revenue and a 21% increase in membership, it remains solid in its role as the primary social network for business. Data from outside the company confirm its dominance. A University of Massachusetts study published earlier this year examined social media use by the fastest-growing corporations in the U.S. and found that LinkedIn is the platform of choice (94%) for America’s top companies. There’s little doubt that the 380 million member social media giant has transformed the relationship between companies, its customers, and its employees. But with so many potential connections and opportunities for engagement, how can your company squeeze the most out of its efforts to connect with audiences on LinkedIn? Look to your employees.
Consider this case study in “smart ownership”. Aiming to increase the popularity of its Instagram account, the dedicated social media team at National Public Radio (NPR) did something unheard of – they turned ownership of its Instagram account over to its multimedia team. The team reasoned that aligning the organization’s visual strategy with a digital medium that’s innately visual could be the key to deriving the most value from the social network. In short, NPR recognized the value of extending ownership of its social media efforts to its employees.
Here’s why your business should leverage the popularity of LinkedIn and develop its own smart ownership strategy:
Broadening inclusion of your company’s LinkedIn efforts beyond a sole person or dedicated social media team lets employees share ownership of your brand. A strategy informed, directed, and executed by a single team or person can sometimes be narrow in scope. Encouraging the participation of your employees expands perspective and gives your in-house subject matter experts a digital voice – one that might connect beautifully with your leads and prospects.
Encouraging your employees to engage with your company on LinkedIn helps your brand reach new audiences. Your company benefits in a number of ways when an employee connects with it on LinkedIn. When a new employee adds his new work experience to his profile, your company’s logo is displayed on his profile for each of his connections to see. When an employee likes, shares, or comments on the content published by your business, a notification is generated and seen by his connections. These seemingly routine updates or tasks, like personal LinkedIn profile updates, can turn into real opportunities to reach an expansive audience.
Engaging employees on LinkedIn creates trust and substantiates professional relationships. Several years ago, faced with the rapid emergence of social media, many employers chose to ban social media sites from company networks thinking that if they could prohibit the use of these sites during work hours, employees would be more attentive to their work and thus more productive. What we know now, is that these types of strategies stymy growth and propagate missed opportunities. The author of a 2013 study examining the link between social media and worker productivity has this to say: “… the ubiquitous digital connectivity altered workers’ sense of ‘presence’ and helped rather than hindered the effective completion of collective tasks.” The message here is two-fold: encouraging employee use of LinkedIn builds trust and increases productivity.
Promoting LinkedIn as a company-endorsed channel of distribution builds positive branding and marketing opportunities. Quite simply, who better to promote the work of your company than the employees who carry out the day-to-day responsibilities? And because people are far more likely to interact with individuals over brands, your company’s promotion by your employees is likely to drive more engagement.
Communicating with employees via LinkedIn can take your social efforts beyond marketing. While it’s true that most businesses use social media to ultimately affect their bottom line, not all social media efforts need to be strictly marketing. A robust LinkedIn community of employees can serve to both improve employer-employee communications and enhance the distribution of public information. Need to get your messaging out quickly? Use your employee base on LinkedIn to help distribute timely messaging or to clarify your company’s position on an emerging matter.
Building a successful smart ownership strategy isn’t about giving away ownership, but about building inclusion and better aligning existing resources. Businesses that encourage employee engagement on LinkedIn are well-positioned to build brand ambassadors out of those who know their business most intimately.
Fronetics Strategic Advisors is a leading management consulting firm. Our firm works with companies to identify and execute strategies for growth and value creation.
Whether it is a wholesale food distributor seeking guidance on how to define and execute corporate strategy; a telematics firm needing high quality content on a consistent basis; a real estate firm looking for a marketing partner; or a supply chain firm in need of interim management, our clients rely on Fronetics to help them navigate through critical junctures, meet their toughest challenges, and take advantage of opportunities. We deliver high-impact results.
We advise and work with companies on their most critical issues and opportunities: strategy, marketing, organization, talent acquisition, performance management, and M&A support.
We have deep expertise and a proven track record in a broad range of industries including: supply chain, real estate, software, and logistics.
