Inbound marketing experts HubSpot put together a compelling list of statistics that show why the future customer will require new techniques and technologies, especially social media.
Inbound marketing experts HubSpot put together a compelling list of statistics that show why the future customer will require new techniques and technologies, especially social media.
One of the reasons Competitive Futures is launching its multi-client research project on this is subject is that forecasts show that many executives are unclear about how to go about social media for CRM, and even intend to keep marketing through one-way, context-free media, despite the incredible growth in online social activity.
It is our forecast that this tension between social-savvy customers and social-hesitant businesses will mean that the first companies to evolve their practices will achieve competitive advantages in the years to come.
Check out our white paper, and download our prospectus to see how your company can sponsor this unique foresight project.
Our friend Doug Stephens, the world’s top retail futurist, reminds us that one of the issues in bad customer service is due to the social tension between those working behind the counter and those buying in front of it. As economic inequality grows, social tension will likely grow with it.
Over the past 30 years , the economic distance between the lowest paid Americans (many of whom are front line retail workers) and the highest paid, has been widening at an alarming rate. The likelihood that retail workers are serving someone outside their economic bracket is escalating. A mere 20 percent of all consumers now account for at least 40 percent of total retail consumption — a figure expected to increase to 50 percent of consumption by 2015.
At the same time, roughly half of the nation’s front line retail workers earn less than $10 per hour — which raises the question, how can a retail sales associate relate to the consumer who may be spending more on pair of pants than the sales associate themselves will gross that day? The simple truth is that the front line retail worker of today is less like their customer than they have been in more than 100 years.
Henry Ford believed that the future of the United States economy was tied into the ability of his workers to be able to afford his products. Broad income equality, to Ford, was the only way society could function and companies could profit in the long-term. Since U.S. policymakers decided long ago that America would be a mercantile nation rather than a manufacturer, how strange that fewer and fewer people will be able to participate in that retail which makes the lifeblood of the economy.
Competitive Futures is launching a new multi-client research project over the next six months on the future of social media and customer relationship management. This white paper details the insights that lead us to take on this important topic on behalf of our clients.
For a full project prospectus, call us at 877.431.6565 or contact us.
Competitive Futures White Paper: Social media and customer relationship management
This episode of the CompFutures Podcast features Australian futurist Paul Higgins, founder of Emergent Futures. Paul has a fascinating background, a veterinary surgeon who turned toward foresight after a simple ad for a futures studies grad program. In this episode, he describes when executives should think about the future versus tending to execution, how the future of trust will be key to our social institutions, and why Australia is a fascinating vantage point from which to think about global business.
More than ten years ago, we were involved with a study on the Future of the Kitchen 2010 – 2020, in which we forecast appliances using the Internet.
Crazy, am I right? It’ll “never happen.”
This is the fun part of having been in the business of trend analysis, forecasting and scenarios for over a decade. You are around long enough to see what works out and what doesn’t.
This is the official trend blog of Competitive Futures, a management consultancy that provides trend research and analysis for business and government around the world. Here, we update you on interesting trends we see as part of our work for our clients.
For managing partner Eric Garland's new author and speaker blog, please consult and bookmark http://www.ericgarland.co