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NFL Films Wants To Take Over Hollywood

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New Jersey-based NFL Films is known for its award-winning documentaries and motion pictures about the National Football League. Now, they’re setting their sights on Hollywood. Under the leadership of CEO Steve Ketover, NFL Films is looking to partner with Hollywood studios to produce feature films and TV shows based on the stories of the NFL, its players, and its fans according to Insider.com

It’s an interesting approach, and one that could pay off big for the NFL if they can find the right partners. After all, there are plenty of stories to be told about the league and its players

NFL Films is eyeing a brand expansion that will see it move into theatrical development, tie-ins with game shows and cooking shows, and its bread-and-butter unscripted business.

Ross Ketover, senior executive at NFL Films, told Insider.com that the league sees a lot of potential in Hollywood. “We have a sport that is most akin to Hollywood,” Ketover said. “We can help find those stories and help them get made, whether it’s streaming series, television or feature movies.”

It’s an ambitious plan, but if anyone can pull it off, it’s probably Ross Ketover. After all, this is the guy who brought us such classics as “Hard Knocks” and “A Football Life.” He’s also the guy responsible for that infamous scene in “Varsity Blues” where James Van Der Beek says “I don’t want your life!” So, if anyone knows how to make compelling content, it’s Ross Ketover.

The Process
Ketover says that the process they are in now is finding partners who see the creative world in a similar way that they do at NFL Films and who want to tell similar stories. It’s an interesting approach and one that could pay off big for the NFL if they can find the right partners. After all, there are plenty of stories to be told about the league and its players.

The league is looking to expand its reach by producing shows for networks that it has never been on before. One of those networks just happens to be the Food Network.

When asked why the NFL would want to produce a show for the Food Network, Ketover had this to say: “There are a lot of great stories to tell, not just unscripted but scripted. And we’ve never been on the Food Network before. So we’re looking to do new things in new places.”

One thing is for sure: if anyone can make this happen, Ross Ketover can. He’s a proven content creator with a track record of success. So, if you’re looking for someone to keep an eye on in Hollywood, keep your eye on Ross Ketover and NFL Films. They just might be the next big thing.

Top Tech Investor Brad Gerstner Blasts Meta for Metaverse Spending

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Meta, the startup behind the eponymous Meta 2 augmented reality headset, has ambitions that extend far beyond AR. The company is focused on becoming a leading force in the nascent metaverse, a digital universe where people can interact with each other and digital avatars in a shared virtual space. This ambition has begun to make at least one of Meta's investors uneasy. Brad Gerstner, the CEO of alternative investment firm Axis Capital, said "An estimated $100bn+ investment in an unknown future is super-sized and terrifying, even by Silicon Valley standards."

In an open letter published earlier today, Brad Gerstner, founder and chief executive of technology investment firm Altimeter Capital, called for major changes at Meta, arguing that the company has “drifted into the land of excess.”

Gerstner’s letter, addressed to Mark Zuckerberg and Meta’s board of directors, pointed out Meta’s “startling” financial decline over the past 18 months, which he says has included the company’s stock price dropping by 55%. “And notably, this decline in share price mirrors the lost confidence in the company, not just the bad mood of the market,” Gerstner wrote.

“An estimated $100bn+ investment in an unknown future is super-sized and terrifying, even by Silicon Valley standards,” he notes.

He suggests a three-point plan to help Meta “get its mojo back.”

Gerstner argues thatMeta has become bloated and lost sight of its core products and mission. “The company has become distracted by pursuits outside of its core products and business,” he wrote. “It is time to get back to basics.”

To that end, Gerstner’s suggests a three-point plan to help Meta refocus its efforts and get back on track:

Cut employee-related expenses by at least 20% by January 1: Gerstner argues thatMeta has become bloated and lost sight of its core products and mission. “The company has become distracted by pursuits outside of its core products and business,” he wrote. “It is time to get back to basics.”

Reduce capital expenses by $5bn: To helpMeta refocus its efforts, Gerstner suggests reducing capital expenses by $5bn. This will free up resources that can be reinvested in the company’s core products and business.

Cap metaverse-related expenditure: Gerstner also suggests capping expenditure onmetaverse-related projects. He argues that this will allow Meta to focus on its core products and business, which is what he believes will create value for shareholders in the long run. Conclusion: In his letter, Gerstner argues that Meta has become bloated and lost sight of its core products and mission. He suggests a three-point plan to help the company refocus its efforts and get back on track: cutting employee-related expenses, reducing capital expenditures, and capping metaverse-related expenditures. Only time will tell if Gerstner’s suggestions are implemented—and if they’re successful in helping Meta turn things around.

While it’s certainly true that Meta’s ambition comes with a large amount of risk, there is also the potential for a huge reward if the company is successful. The metaverse is still in its infancy, but it has the potential to become a massively popular platform where people can interact with each other and digital content in ways that are not possible in the physical world. If Meta can become a leading force in themetaverse, it could reap billions of dollars in revenue and transform into one of the most valuable companies in the world.

The metaverse is still in its early stages of development, but it holds immense promise. By 2023, global spending on virtual reality (VR) and augmented reality (AR) is expected to reach $25 billion, up from $2.9 billion in 2018, according to research firm International Data Corporation (IDC). And by 2025, IDC predicts that there will be more than one billion active AR/VR users worldwide. The metaverse could eventually become even bigger than VR and AR as it includes both technologies and offers a more immersive experience. Users could interact with each other and digital content in ways that are not possible in the physical world. Imagine being able to attend a concert or visit a museum without leaving your home. Or being able to try on clothes or test drive a car without having to go to a store. The potential applications of the metaverse are virtually limitless.

Investing inMeta carries a high degree of risk as the company is betting its future on an emerging technology that may never take off. The metaverse is still in its early stages of development and there’s no guarantee that it will ever become as popular as some people think it will. If Meta fails to gain traction for its AR headset or doesn’t succeed in building a strong presence in the metaverse, it could quickly become worthless. Given these risks, Gerstner’s concerns are understandable.

How Out-of-Home Advertising Is Making a Comeback

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Anyone who’s been outside recently can attest to the fact that there are more billboards, bus stop ads, and building wraps than ever before. Out-of-home advertising (OOH) is on the rise, and it’s not surprising why. OOH offers several advantages that appeal to marketers, especially in today’s climate. Let’s take an in-depth look at some of the reasons OOH is making a comeback.

What is OOH Advertising?

OOH advertising is a form of marketing that uses physical displays to reach consumers when they are outside of their homes. Billboards, bus shelters, benches, and even elevator doors are all examples of common OOH media. OOH-advertising can be traced back to the late 1800s, when businesses started using billboards to promote their products and services.

A recent study by The Harris Poll found that TikTok users are the most likely to have seen out of home advertising in their social feeds, with 82% reporting seeing such ads frequently. This is followed closely by Instagram (81%) and Facebook (80%).

Though out of home advertising is still primarily a traditional medium, with billboards accounting for about 75% of total category ad spending, digital formats such as in-office video screens and electronic displays are making inroads.

By 2026, the share of overall OOH ad spend devoted to digital will come to 41.3%, up from one-third this year. So it’s clear that social media is playing a role in driving interest in this once-declining form of advertising. And as more and more people become plugged into their social feeds, we can expect to see even more out of home advertising popping up in our everyday lives.

One of the most traditional forms of out of home advertising is the billboard. Though they may seem old-fashioned in today’s digital world, billboards are actually experiencing something of a renaissance thanks to social media.

A recent study by The Arbitron Company found that 57% of consumers said they had noticed an uptick in the number of billboards they’d been seeing on their commute, while 45% said they had noticed more OOH ads while walking or running errands. And of those who had noticed an increase, nearly half said they attributed it to social media.

It makes sense when you think about it—if you’re constantly scrolling through your feed and seeing ads for products and services, you’re more likely to notice them when you’re out and about in the real world. And with outdoor advertising companies investing more heavily in digital displays, we can only expect to see more and more billboards popping up in our everyday lives.

Flexibility and Precision

One of the biggest advantages of OOH is its flexibility. Marketers can buy OOH media in real time and take over a city for one full day. This allows them to be nimble and adjust their campaigns on the fly as needed. Additionally, OOH offers marketers the ability to target specific geographic areas with high foot traffic. This ensures that your message is seen by your target audience—and no one else.

Affordability

As budgets begin to crunch and advertisers look to spend less, now is a great time to consider out-of-home ads to help supplement what would otherwise be more expensive options. OOH campaigns are also more affordable than ever before thanks to advances in technology that have made production and execution more efficient.

OOH Is More Engaging Than Other Media Channels

In today’s world, it’s harder than ever to get people’s attention—but not impossible. People are bombarded with thousands of marketing messages every single day, so it’s important that your message cuts through the noise and actually engages with your target audience. Fortunately, research has shown that OOH is an incredibly effective engagement tool. A study conducted by Gallup found that people who see billboards spend 50% more time traveling than those who don’t—which means they’re more likely to notice and remember your ad.

OOH Is an Effective Marketing Medium

A study conducted by Ipsos found that 71% of global respondents believe that OOH advertising effectively catches their attention. And according to the Outdoor Advertising Association of America (OAAA), 80% of people who see a relevant OOH ad are likely to remember the brand it promotes. So if you’re looking for a way to get your message in front of as many people as possible, then OOH should be at the top of your list.

Integration with Other Channels

Finally, OOH campaigns can be easily integrated with other channels such as social media and influencer activations. For example, Lamar Advertising recently did a live-tweet activation during the NBA playoffs. This allowed them to reach their target audience where they were already engaged—on social media.

Who is Kofi Amoo-Gottfried? The Man Behind DoorDash’s Marketing Dominance

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Amoo-Gottfried

Remember the last time you ordered food to be delivered to your doorstep? Chances are good that it was through DoorDash, the food delivery platform that has been absolutely dominating the conversation—and the market share—in recent months. So who is responsible for this meteoric rise to prominence? That would be Kofi Amoo-Gottfried, DoorDash’s first chief marketing officer. Let’s take a closer look at his story.

Amoo-Gottfried. Amoo-Gottfried has been with DoorDash since 2019, and he was promoted to CMO in January of 2022. Under Amoo-Gottfried’s leadership, DoorDash has secured a number of high-profile partnerships.

The Food Delivery Revolution
It’s no secret that the pandemic has changed the way we do just about everything—including the way we get our meals. These days, more and more people are opting for food delivery services as a way to minimize their exposure to the outside world. And DoorDash has been leading the charge in terms of meeting this increased demand.

In fact, according to data from Bloomberg Second Measure, DoorDash accounted for 59% of all US meal-delivery last year. That’s an incredible feat, and it’s one that can largely be attributed to Amoo-Gottfried and his team’s marketing efforts.

A Bias for Action
So what is Amoo-Gottfried’s secret? In his own words, it’s a “bias for action.” He believes that the key to success is being able to launch actions and experiment quickly—and he has instilled this belief in his team. As a result, they have been able to continually innovate and adapt their strategies on the fly to keep up with the ever-changing landscape of the food delivery industry.

Focus On Customers
One of the things that has helped DoorDash succeed is its focus on customer needs. According to Amoo-Gottfried, “If you can keep bringing it back to customer needs, particularly in an environment where the world is changing around all of us, chances are you’re going to have the right answer more often than not.”

Looking Ahead
There’s no telling what Amoo-Gottfried and his team will come up with next—but one thing is for sure: we can expect big things from DoorDash in the months and years ahead. Thanks to Amoo-Gottfried’s innovative marketing strategies, DoorDash is well on its way to becoming a household name.

Who is Victoria Vaynberg of Zola?

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Victoria Vaynberg

For years, the wedding industry has been stuck in the past, relying on outdated traditions and refusing to move with the times. That all changed last November when CMO Victoria Vaynberg took charge and began spearheading a much-needed rebrand. Under her leadership, Zola has introduced an influencer ambassador program, launched a successful TikTok strategy, and completely reimagined what a wedding can be.

Vaynberg wasted no time making her mark on Zola. She quickly identified that the biggest problem facing the wedding industry was its refusal to change with the times. “What we’re seeing out in the universe today is that there’s all kinds of weddings; there’s no rules,” she said. “People are not bound to what we would say are the traditions of the past.” Armed with this insight, Vaynberg set out to completely reinvent the way we think about weddings.

Zola launched its influencer ambassador program, teaming up with popular social media influencers to promote the brand to soon-to-be-wed couples. This groundbreaking initiative changed the way couples think about planning their big day. No longer restricted by outdated traditions, couples are now free to let their personalities shine through and plan a wedding that truly reflects who they are as a couple. And judging by the success of the program—with more than 2 million couples using Zola—it’s clear that this new approach is here to stay.

So what exactly is an influencer ambassador? Influencer ambassadors are social media users with a large following who have been chosen to promote Zola to their followers. These influencers typically post about their weddings or share wedding planning tips on their social media channels, with a link back to Zola’s website. In exchange for their promotion, influencer ambassadors receive a commission on any sales they generate.

Next on Vaynberg’s list was launching a TikTok strategy. With over 800 million active users worldwide, TikTok is one of the hottest social media platforms around. And Vaynberg knew that if Zola wanted to stay relevant, it needed to be where the people were—so she launched a dedicated TikTok account (@zolaweddings) and started producing original content that resonated with users. The results have been impressive, to say the least, with Zola becoming one of the most popular TikTok accounts in the wedding industry.

It all starts with the content. When you’re scrolling through TikTok, you’re bombarded with videos of people lip-syncing, dancing, and generally just acting silly. But that’s not what Zola set out to do—they wanted to produce quality content that would appeal to their target audience: engaged couples planning their weddings. And that’s exactly what they did. From tips on how to pick the perfect wedding venue to fun ideas for engagement photos, Zola’s TikTok account is chock-full of helpful content that couples can actually use.

But it’s not just the content itself that makes Zola’s TikTok account so successful—it’s also the way that it’s presented. All of Zola’s videos are shot in a clean, modern style with high-quality production value. They’ve also nailed the use of on-screen text and graphics to drive home key points and help their videos stand out in a sea of poorly lit phone footage. In other words, Zola’s TikTok videos look like they could easily be part of a glossy wedding magazine ad campaign—and that level of polish goes a long way with users who are used to seeing DIY content from regular people.

Thanks to CMO Victoria Vaynberg, Zola is leading the charge in reinventing the wedding industry. Through innovative initiatives like its influencer ambassador program and successful TikTok strategy, Zola is helping couples break free from outdated traditions and plan weddings that reflect their unique personalities and styles. With more than 2 million couples using Zola, it’s clear that this new approach is here to stay.

Advertisers Fleeing Netflix to Disney Even Before Launch

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Netflix has long been the go-to streaming service for those who want to watch TV shows and movies without commercials. However, the company announced earlier this year that it would be introducing a new ad-supported tier in an effort to bring in more revenue. While some advertisers were initially on board with the new plan, many are now jumping ship and instead choosing to buy ads on Netflix’s competitors, like Amazon and Disney. So, what’s behind this mass defection? Let’s take a closer look.

Advertisers have been hesitant to jump on board with Netflix’s new ad-supported tier for a few reasons. For one, the platform has yet to release any concrete details about how its ad system will work. Will ads be limited to during breaks in between episodes? Will they be unskippable? And perhaps most importantly, how much control will brands have over where and when their ads appear?

Netflix has yet to answer any of these questions, which is why many advertisers are still sitting on the sidelines.

One buyer told Insider.com that Netflix’s projection of having between 400,000 to 1 million targetable viewers nationwide at launch is not as valuable as the $60 CPM (cost to reach 1,000 people) that Netflix is demanding.

“Do I really need to spend a premium to reach a maximum of 1 million people?” this ad buyer said. Another ad buyer agreed that the number of potential viewers is not as important as the quality of those viewers, noting that “a more targeted and engaged audience is worth a lot more than a wider but less engaged one.”

However, many buyers acknowledged that Netflix has a lot of data on its users that could be useful for targeting ads, and said they would be open to working with the streaming service if the price was right. For now, it seems that ad buyers are still on the fence about whether Netflix’s new ad-supported plan is worth the cost.

Another big concern for brands is reach. While Netflix boasts a huge subscriber base of over 200 million users worldwide, the vast majority of those users are only signed up for the platform’s ad-free tier. In other words, advertisers could be paying top dollar to reach a very small portion of Netflix’s total audience. On top of that, it’s still unclear how effective ads will be on the platform given that users can simply pause or fast-forward through them at will.

According to recent estimates, Netflix is on track to generate $1.7 billion in net ad revenue in the US by 2025. While this may seem like a lot, it’s actually just a drop in the bucket compared to the overall US linear and connected TV ad market, which is projected to reach $99 billion by that time.

Now, let’s look at the second part of the answer: time spent watching TV. According to Nielsen, the average American watches about 4 hours and 3 minutes of TV per day. But how much time do they spend watching Netflix? A recent study from Hub Entertainment Research found that Netflix subscribers spend an average of 2 hours and 12 minutes per day streaming content on the platform. That means that even if every single one of Netflix’s US subscribers watched ads (which they don’t), they would still only see about one-fifth as many ads as they would if they were watching linear TV.

According to recent estimates, Netflix is on track to generate $1.7 billion in net ad revenue in the US by 2025. While this may seem like a lot, it’s actually just a drop in the bucket compared to the overall US linear and connected TV ad market, which is projected to reach $99 billion by that time.

For now, it seems that many brands are content to wait and see how Netflix’s new ad-supported tier shakes out before committing any money to it. And given the concerns that have been raised so far, it’s not hard to see why. Until Netflix provides more information and assurances that its ad system will be effective, many advertisers will likely continue to steer clear of the platform.

Kathleen Saxton Appointed as Omnicom Group’s Chief Marketing Officer

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Omnicom Group has appointed Kathleen Saxton as Chief Marketing Officer, effective January 1.

In this role, Saxton will be responsible for marketing Omnicom’s capabilities and its omni-channel solutions for global enterprise clients.

Saxton joins Omnicom from MediaLink where she served as Managing Director EMEA, responsible for strategic consulting, agency selection, talent advisory, marketing and sales. She is also co-founder of Advertising Week Europe. Previously, she ran her own talent advisory firm, The Lighthouse, for a decade and held marketing positions at Sky Television, Saatchi & Saatchi, and PHD.

“Kathleen steps into this role with a deep understanding of the solutions that modern global clients want in order to succeed in a transformed consumer world,” said their CEO in a prepared statement. “She is a well-respected thought leader with a wealth of experience across industries, channels and countries. We are thrilled to welcome her to our team.”

In her new role, Saxton will be based in New York and will report directly to Daryl Simm.

What is Omnicom Group?
In 1986, two of the world’s largest advertising agencies at the time—BBDO Worldwide and DDB Needham—merged to form Omnicom Group Inc. The merger was motivated by a desire to better compete against the other large holding companies that had begun to emerge in the 1980s, such as Interpublic and WPP Group.

With the merge came a host of new clients, including PepsiCo, Nissan Motors and Renault. The new company also inherited a strong international presence; between the two agencies that made up Omnicom, there were over 200 offices in 70 countries. In addition to traditional advertising services, these offices provided a full range of marketing and communication services, including public relations, direct marketing and event management.

Omnicom continued to grow rapidly in the following years through a series of acquisitions and mergers with other ad agencies and marketing firms. Notable acquisitions from this period include GGT Group (1995), dirtrack (1996) and Abbott Mead Vickers BBDO (1996). These acquisitions helped solidify Omnicom’s position as one of the largest marketing companies in the world.

The Modern Era
Since the turn of the century, Omnicom has continued to grow through both organic means and further acquisition. In 2000, Omnicom launched an Internet venture capital fund called @Ventures with $300 million in capital. This was followed by the launch of another fund called Red Dot Ventures in 2003 with $100 million in capital. To date, these two funds have invested in over 85 companies.

In terms of acquisitions, some notable ones from recent years include PHD Network (2012), Blue Planet International Communications Group (2013) and fluidz creative group (2014). Thanks to these acquisitions and others like them, Omnicom now has over 700 offices in over 150 countries around the world employing over 76,000 people.

We’re excited to see what Kathleen Saxton will bring to her new role as Chief Marketing Officer at Omnicom Group. With her wealth of experience and deep understanding of the needs of modern global clients, we’re confident that she’ll be a valuable addition to the team. Welcome aboard, Kathleen!

Can Adidas Repair its Brand After Kanye Fiasco?

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Kanye West

German sportswear company Adidas has ended its partnership with American rapper Kanye West (AKA Yeezus, AKA Ye) following a string of hateful anti-Jewish remarks made by the rapper. The move is set to have a negative impact on Adidas’ net income of up to $246 million in 2022, due to the high seasonality of the fourth quarter. However, many are wondering whether or not this is the right move for Adidas, and if the company will be able to repair its image after partnering with such a controversial figure.

The History of Adidas
Adidas has a long and complicated history. The company was founded in 1924 by Adolf “Adi” Dassler, who originally started making shoes in his mother’s laundry room. Dassler was a member of the Nazi party, and used forced labor to produce shoes during World War II. In 1948, Dassler had a falling out with his brother Rudolf, and the two went their separate ways, with Rudolf going on to found Puma and Adi founding Adidas.

In the 1960s, Adidas became one of the most popular sportswear brands in the world, thanks in large part to its association with legendary athletes like Jesse Owens and Muhammad Ali. In recent years, Adidas has partnered with celebrities like Kanye West and Justin Bieber in an effort to appeal to younger consumers. However, these partnerships have not always been successful; for example, Justin Bieber’s line of sneakers was heavily criticized and resulted in disastrous sales.

The Impact of Social Media
In today’s world, it’s more important than ever for companies to be careful about who they partner with. Thanks to social media, any misstep can quickly become headline news and do serious damage to a company’s reputation. In the case of Adidas, many are wondering if partnering with Kanye West was worth the risk; while his musical talent is undeniable, his outspoken personality has made him a lightning rod for controversy.

It took Adidas nearly two weeks to respond to Kanye West’s antisemitic remarks; during that time, the hashtag #adidasIsOverParty trended on Twitter as users called for a boycott of the company. While some users praised Adidas for finally cutting ties with West, others criticized the company for not taking action sooner. For example, one user tweeted “It took them this long? We all knew what he was.”

What’s Next for Adidas?
Only time will tell what effect this decision will have on Adidas’ bottom line. While cutting ties with Kanye West is sure to have a negative financial impact in the short term, it remains to be seen whether or not this move will help or hurt the company in the long run. What is certain is that social media will continue to play a major role in shaping public opinion of corporations; moving forward, companies would be wise to think twice before partnering with any individual or group that might reflect poorly on their brand.

10 Ways CMO’s Can Lead their Team

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As a chief marketing officer, you have a lot of responsibility on your shoulders. Not only are you responsible for ensuring that your team is meeting its sales goals, but you are also responsible for maintaining a positive workplace culture. In other words, you need to be able to lead effectively in order to be successful.

Fortunately, there are a few things you can do to increase your chances of success as a leader. Here are 10 ways to lead effectively as a CMO

  1. Set the tone for your team. As the leader of your team, it’s important to set the tone for your employees. You should be passionate and enthusiastic about your work, and this should show through in your interactions with them. If you’re not excited about what you’re doing, it’ll be harder to get them excited too. The best way to set the tone for your team is by example. Show them that you’re passionate about your work and believe in what you’re doing. Be friendly and approachable, and encourage open communication. By setting the right tone, you can create a positive and productive work environment for your team.
  2. Be transparent. The importance of transparency in the workplace cannot be overstated. When employees feel like they are in the dark about what is going on in the company, it breeds mistrust and can lead to disengagement. On the other hand, when employees are kept in the loop about changes and decisions being made, it builds trust and creates a feeling of inclusion. As a leader, it’s important that you take the time to keep your team informed about what is going on in the company. Not only will it create a more positive work environment, but it will also make your team more effective and cohesive.
  3. Delegate tasks. As the saying goes, “There’s only so many hours in a day.” You can’t possibly do everything yourself, so it’s important to delegate tasks to your team members and trust them to complete them effectively. This will not only free up some of your time, but it will also show your employees that you trust their abilities. Of course, delegation isn’t always easy. You may have to let go of some control and relinquish some decision-making power. But remember, your team is made up of competent individuals who are capable of handle tasks effectively. So go ahead and delegate away! Your employees will thank you for it.
  4. Communicate regularly. One of the most important things you can do as a leader is to communicate regularly with your team members. This way, everyone is on the same page and no one feels left out. Of course, this doesn’t mean that you need to be in constant communication with your team. But you should touch base regularly, both individually and as a group. This will help to ensure that everyone is aligned and that no one feels left out of the loop. So make sure to communicate often and effectively with your team, and you’ll be on your way to success.
  5. Offer support. As the boss, one of your most important jobs is to offer support to your team. Let them know that you’re available if they need help, but try to avoid standing over their shoulders all the time. They should feel like they can come to you with questions or concerns without feeling like they’re being micromanaged. Of course, this can be a delicate balance, but it’s important to find the right balance for your team. And if all else fails, just remember: you can always hide in your office with the door closed if you need a break from your team!
  6. Encourage feedback. One of the most important things you can do as a leader is to be open to feedback from your team members. This shows that you value their input and want to hear what they have to say. It can also help to build trust and improve communication. Encouraging team members to share their thoughts and opinions freely can be challenging, but it’s worth it. One way to do this is to set the example yourself by being receptive to feedback. You can also create opportunities for dialogue by asking questions and holding regular meetings. Finally, make sure to listen carefully and act on what you hear. By taking these steps, you’ll show your team that you’re committed to creating a collaborative environment where everyone’s voices are heard.
  7. Be fair. Creating a fair workplace can sometimes feel like a tightrope walk. On the one hand, you want to make sure everyone has an equal opportunity to succeed. But on the other hand, you don’t want to be so Fair that it feels like favoritism. Here are a few tips to help you strike the right balance. First, set clear expectations for everyone on your team. That way, there’s no confusion about what’s expected and what isn’t. Second, try to avoid making decisions that could be perceived as favoritism. If you have to play favorites, be open about it and explain why you’re doing it. Finally, remember that fairness is about more than just giving everyone the same opportunities. It’s also about creating an environment where everyone feels like they can be themselves and that their voices will be heard. Striking the right balance between these two things can be challenging, but it’s essential for maintaining a positive workplace culture.
  8. Take responsibility. Let’s face it: we all make mistakes. Whether it’s forgetting to put the milk back in the fridge or hitting “reply all” on an embarrassing email, we’ve all been there. And while it can be tempting to try to pass the blame onto someone else, the fact is that taking responsibility for your actions is always the best course of action. Not only does it show that you’re willing to take ownership of your mistakes, but it also demonstrates that you’re capable of learning from them. So next time something goes wrong, resist the urge to play the blame game. Instead, step up and take responsibility for your actions. It’s the best way to show that you’re truly sorry – and that you’re ready to move on.
  9. Reward good work Giving positive feedback is a great way to show appreciation for someone on your team. A little recognition can go a long way in making someone feel appreciated, which is essential for maintaining morale. Make sure to give specific and sincere praise when you see someone on your team doing something well. This will let them know that their efforts are noticed and appreciated. A pat on the back, or a heartfelt “thank you” can make all the difference in someone’s day. So next time you see someone on your team going above and beyond, make sure to let them know how much you appreciate their hard work!
  10. Lead by example If you want your team to be hardworking, passionate, and successful, make sure you’re setting the right example for them. For instance, if you’re constantly coming in late and taking long lunches, don’t be surprised if your team starts doing the same. Likewise, if you’re putting in extra hours and going the extra mile, they’ll likely follow your lead. Of course, you can’t control everything they do, but you can definitely set the tone with your own behavior. So if you want to create a winning team, make sure you’re leading by example.


All too many CMOs see themselves as a Napoleon, arms crossed imperiously for their LinkedIn portrait, barking orders from atop their digital white horse to the horseless troops in the rear.

Not at all.

Leading from the front is putting yourself first in the line of fire. Like the great leaders throughout history, the CMOs that earn the respect of those who report to them “lead from the front lines,” modeling calculated risk-taking and a shared workload.

In other words, they walk the talk and get their hands dirty – in the trenches with their team, rolling up their figurative sleeves to do whatever it takes to win. It’s not about sitting back and watching others do the work; it’s about being a part of the team and sharing in both the successes and failures. That’s what earns respect. And that’s what true leadership is all about. So if you want to be a respected leader, start leading from the front – today.

How CMO’s Can Connect with Influencers to Create Engaging Content

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There’s no doubt that influencer marketing is still growing. More and more brands are teaming up with popular social media users to promote their products or services. But what’s the best way to connect with influencers so that you can create content that’s both engaging and authentic? Here are a few things to consider

Choosing the Right Influencer
An important factor to consider when choosing a creator is their type of engagement. A majority of followers may be bots or “fake engagement” instead of actual followers who are interested in what the creator is producing. This can be frustrating for brands because they’re not reaching their target audience. To avoid this, take a look at the quality of the comments and likes on a creator’s posts. Are they thoughtful and relevant? Do they seem like they’re coming from real people? If so, then you’ve found an influencer with engaged followers who are likely to be interested in your brand as well.

Creators Should Have a Say in Production
Another thing to keep in mind is that creators should have a say over content production if brands want to tap into authenticity. Creators better understand platforms than brands and can take content in creative directions that brands may not think of. After all, it’s their job to be creative! By collaborating closely with creators, brands can come up with content that’s both original and on-brand.

Sephora’s Successful Partnership With Addison Rae
It’s becoming more common for brands to collaborate closely with creators to create campaigns and products alongside the brand, such as Sephora’s partnership with Addison Rae to launch a makeup and skincare line. Through this partnership, Sephora was able to tap into Rae’s large following while still maintaining control over the final product. This resulted in a win-win for both parties involved.

The Risks of Influencer Marketing

No doubt, influencer campaigns pose some risks, but their benefits far outweigh these risks. When done correctly, influencer marketing can result in highly engaging content that reaches a wider audience than traditional marketing methods. So if you’re thinking about teaming up with an influencer, go for it! Just be sure to do your research first and choose an influencer who aligns with your brand values.

When done correctly, partnering with an influencer can help your business reach a new audience, boost sales, and build your brand equity. In order to connect with influencers, you must understand what type of engagement they have with their followers.

                            

Why are We Building “Partial” Metaverses?

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man wearing vr goggles
Photo by Harsch Shivam on Pexels.com

In 1992, Neal Stephenson wrote a science fiction novel called Snow Crash, in which he described a fully-fledged virtual world called the Metaverse. In the Metaverse, people could interact with each other and conduct all aspects of their lives virtually, including business and commerce. The concept of a shared virtual space where people can interact with each other has been around since the early days of computing. In 1960, MIT researcher J.C.R. Licklider wrote about “a Galactic Network” of computers that would allow people to communicate with each other and access information from anywhere in the world.

While Stephenson’s vision of the Metaverse is still some way off, we are starting to see the development of “partial” or “closed” metaverses operated by companies such as Facebook (with Oculus), Microsoft (with Minecraft) and Amazon (with Twitch).

These platforms allow users to create avatars, interact with each other and play games, but they don’t yet offer everything that Stephenson envisaged. That said, it is anticipated that all of these platforms will continue to evolve and expand their offering over time, so it is important to keep an eye on developments in this area.

Another type of partial metaverse is what you might call “partial VR experiences.” These are simulations that only provide immersion in one sense—usually sight or sound— while leaving the other senses unaddressed. A prime example of this is the popular multiplayer online battle arena (MOBA) game League of Legends.

League of Legends places players in an arena where two teams fight each other using powerful magic spells. The graphics in this game are highly stylized but also quite realistic, providing players with an immersive visual experience. However, since League of Legends is played on a standard computer screen, it doesn’t provide any immersion for the sense of touch or smell—you don’t feel like you’re really inside the game world.

As far as partial VR experiences go, League of Legends does a pretty good job immersing players in its world visually. However, it falls short when it comes to providing full immersion due to its lack of haptic feedback (the sense of touch) and olfactory feedback (the sense of smell).

So why aren’t we making real metaverses yet?

The term “metaverse” is derived from the prefix “meta,” which means “beyond,” and the word “universe.” So a metaverse is literally a universe beyond our own. It’s a place where we can escape the limitations of the physical world and experience things that are impossible in reality.

The answer, simply put, is that we haven’t figured out how to make them economically viable. The cost of creating and maintaining a metaverse would be astronomical, and there’s no guarantee that people would actually want to spend time in one. Meta (AKA) Facebook claims they are creating one, but so far it’s just been a virtual reality “world” with little “meta” about it.

For example, Second Life—one of the most popular virtual worlds of its time—failed to live up to early expectations and failed to attract a large enough userbase to sustain itself long term. Part of the problem was that Second Life lacked compelling content; without enough people populating the metaverse, it was harder for new users to find things to do.

Right now, the most popular virtual worlds are video games such as Fortnite and Minecraft. While these games do have some elements of virtual reality, they lack the depth and richness of experience that would be necessary for them to be considered true metaverses. For example, in Fortnite, players can build structures and explore the world, but they are very limited by the game’s rules and mechanics. In Minecraft, players have more freedom to create whatever they want, but the world is still mediocre.

A true metaverse would be an all-encompassing digital world that contains everything from simple chatrooms and 2D websites to fully immersive 3D VR simulations. It would be a single, unified space that people could access from anywhere in the world.

We aren’t making real metaverses yet because we haven’t figured out how to create full immersion experiences that fool our brains into thinking we’re really somewhere else. What we have right now are video games, social media platforms, and partial VR experiences—none of which come close to meeting all of the criteria for a true metaverse. As technology continues to evolve, however, we may one day find ourselves living in digital worlds that are indistinguishable from reality—but we’re not there yet!

Europeans Want to Police the Metaverse

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Europol’s Innovation Lab has published a new report, entitled Policing in the metaverse: what law enforcement needs to know. The report provides a detailed overview of the potential for criminal activities within the metaverse, alongside the opportunities and best practices of building police presence online.

Just as with the early years of the internet, the ways in which metaverse-native crimes or the metaverse version of cybercrimes may occur are unknown. It is inevitable however, that as the metaverse develops it will open up different opportunities for criminal activity.

The report asks what safety measures metaverse service providers are required to implement, and what tools should law enforcement have to police the metaverse. Europol says building a policing presence online is vital to supporting public safety in both the real and virtual worlds.

Policing the Metaverse
Because the Metaverse combines aspects of both the real world and cyberspace, it presents unique challenges for law enforcement. Just as with the early years of the internet, the ways in which Metaverse-native crimes or the metaversion of cybercrimes may occur are unknown. It is inevitable however, that as the Metaverse develops it will open up different opportunities for criminal activity.

Metaverse service providers are required to take appropriate measures to prevent crime and keep their users safe—just as real-world businesses are required to do—and law enforcement agencies need to have tools in place to investigate and prosecute crimes that do occur withinMetaverses. But becauseMetaverses are still fairly new, there is no blueprint for how best to do this. Europol’s report aims to provide some guidance by asking what safety measures Metaverse service providers should implement and what tools law enforcement should have to policethe Metaverse.

By building a policing presence online—in both real-world cyberspace andMetaverses—law enforcement agencies can better support public safetyin both worlds.

TikTok: Why Chasing Trends Is Not A Strategy

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With many CMOs deciding to jump on a bandwagon and market on TikTok because “everyone is doing it,” maybe it’s time to examine why trend chasing is bad for marketing. It’s good to be curious but at the same time thoughtfully strategic on how and when your brand should (or shouldn’t) engage in new spaces. Be intentional with the actions of your brand, as you shouldn’t hop into a new space just because others are doing it.

Here are five reasons that explain why chasing trends is not a strategy:

You Don’t Know Your Why
The first step in any good marketing strategy is understanding the why behind your brand. This “why” should be the guiding light in everything that you do as a company which includes understanding your target audience, what solutions you provide, and the overall tone of voice you use when marketing your product or service. Once you have a strong understanding of your why then you can start to consider if a new trend makes sense for your brand to pursue. If the answer is no, then don’t do it just because everyone else is – because that leads us to our second point…

You Don’t Want To Be A Follower
In today’s age of social media, we are constantly seeing what everyone else is doing and where they are doing it. It easy to get caught up in FOMO (fear of missing out) when you see posts about an influencer going to the coolest new restaurant in town or using the newest skincare line before it even hits stores. But just because others are doing something doesn’t mean your brand needs to as well. Being a follower instead of a leader can make your brand seem copycat which will only hurt you in the long run. So, when considering if you should jump on a new trend, make sure to ask yourself if this makes sense for my brand specifically – not just if it would be fun or interesting to do.

Not All Trends Are Created Equal
Some trends come and go as quickly as they start while some have more longevity. Figuring out which category a new trend falls into can help you decide whether or not pursuing it makes sense for your brand. For example, last year fidget spinners were all the rage but by the end of summer they had already started to fade away. On the other hand, rosé has become somewhat of a staple drink over the past few summers with no signs of slowing down anytime soon. So think about not just if something is trendy but also how long you think that trend will last before deciding if putting time and resources towards it is worth it for your brand.

You Could Be Wasting Resources
Allocating resources towards pursuing a trend that may not even last can hurt your bottom line and also cause some including key stakeholders like investors to lose faith in leadership. Instead of continuously jumping from one trend to another without seeing any real ROI, focus on being strategic with how you allocate resources by sticking to longer-term goals that will help grow your business in a sustainable way.

You Could Be alienating Your Target Audience
When you try too hard to appeal to everyone, you end up appealing to no one. When considering if you should hop on a new trend, think about how this will impact not only current customers/clients but also prospects. If participating in this trend goes against everything that you stand for as a company or could turn off potential customers then it may not be worth changing course just for the sake of being trendy. After all, at the end of the day, what really matters most is conversions – not just likes or follows.

There are many reasons why chasing trends is not a strategy including that you don’t know your why, you don’t want to be follower, not all trends are created equal, and more importantly pursuing trends could be wasting valuable resources that could be used elsewhere more efficiently or actually alienating your target audience instead of attracting them.. When evaluating if participating in a trend makes sense for your brand, make sure to consider all aspects before making any decisions as well as keep in mind what YOUR WHY IS!

NBCUniversal Slams WSJ Over Streaming Advertising Coverage

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In a recent article entitled “Netflix and Other Streaming Platforms Are Embracing Ads—but Will the Advertisers Love Them,” Wall Street Journal reporter Suzanne Vranica took a critical look at the streaming advertising landscape. NBCUniversal President and Chief Business Officer Krishan Bhatia didn’t take too kindly to the piece, and penned a lengthy response criticizing the WSJ’s coverage.

Let’s take a closer look at what Bhatia had to say.

Bhatia’s Response to WSJ Coverage

In his response, Bhatia lays out several arguments in support of his position. First, he points to the fact that NBCU was one of the first major media companies to jump into streaming with both feet. He argues that this gave them a tremendous amount of insight and experience in how to navigate these waters. Second, Bhatia contends that while it is true that running ads on streaming services remains challenging, this is not unique to streaming – all forms of digital advertising come with their own set of challenges. The key, he says, is to focus on the opportunities and not get bogged down by the challenges.

Bhatia argues that the media has been fixated on streaming challenges, and giving scant attention to the progress and advantages already in the marketplace. He stresses the progress already made in the streaming sector, and contrasts it with the challenges that traditional television faces.

While it’s true that there are still some challenges when it comes to streaming advertising—such as lack of ad inventory and advanced measurement capabilities—Bhatia makes a valid point that the industry has come a long way in a short period of time. And as more and more people continue to cut the cord and ditch traditional television for streaming services, it’s only going to become more important for marketers to understand how to reach this growing audience.

Bhatia also argues that it is short-sighted to think of streaming as just another avenue for TV advertising. He points out that streaming provides a unique opportunity to reach viewers who are time-shifting or cord-cutting. In other words, streaming offers a way to reach audiences who are traditionally difficult to reach through traditional TV channels. This, he argues, is a huge opportunity that should not be ignored.

It will be interesting to see how this back-and-forth between NBCUniversal and the WSJ plays out. Will other national press outlets weigh in? Only time will tell. In the meantime, CMOs should keep an eye on this story, as it provides valuable insight into how one of the largest media companies in the world is approaching streaming advertising.

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