The Trailhead
Guidance for courageous entrepreneurs who want to take their business to new heights.
How remote collaboration in marketing has changed — and why it’s here to stay
In a matter of days, the COVID-19 pandemic altered where marketing teams got their work done and how they collaborated with colleagues. Research suggests that the remote work environment is here to stay in some form, with less than one in five executives saying they want to return to the office as it was pre-pandemic. Employees are eager for hybrid office and remote options, but some executives express concern over the impacts these hybrid work environments could have on company culture.
Recharge, Report, Reflect and Refocus
We’re coming to the end of the quarter, again. Can you believe it!? This is a great time to take stock of what worked and didn’t work, reconnect with your long range vision and your WHY, and identify the most important priorities for the quarter ahead.
How to Pivot Your Marketing Strategy During COVID-19
While consumers may be spending more time online and seeing more online ads, they are hesitant to make decisions about the future. If your product or service requires commitment or future planning, you can expect your conversion rate to be lower than normal during this period.
This can also be an opportunity to increase your brand awareness and engage with consumers before purchase. And then, after the outbreak lessens and restrictions are lifted, you can remarket to that audience and get the purchases. Read more.
Coronavirus reshapes consumer habits
Forty-two percent of surveyed consumers believe the coronavirus pandemic will fundamentally alter their shopping habits, according to a new Future Consumer Index published by Ernst & Young. Around one-third (34%) said they will pay more for local products, while 25% will pay more for trusted brands and 23% will pay more for ethical brands. Learn more:
Content is king in Covid-19 world as brands make themselves useful
The Covid-19 pandemic has put many brands in a very difficult position.With large numbers of their customers under lockdowns and/or facing uncertain financial circumstances, engaging effectively with consumers demands new approaches.To maintain and build relationships with consumers while many are sidelined, lots of brands are upping their content marketing investments.
Navigating business challenges during the COVID-19 crisis
We are living in unprecedented times. Not since the 1918 Spanish Flu pandemic have we seen such an impact on people, society, and our economic way of life. Even in the three previous recessions, we have not experienced the impact Coronavirus is having on our daily personal and business lives. History has shown us that businesses tend to be reactionary with responses like cutting budgets and employees, as we have seen in this pandemic. But there needs to be a balanced approach to operations and investments – marketing, innovation, and M&A.
Businesses adapting to coronavirus need to put thought into the entire customer journey
In the midst of the coronavirus crisis, many businesses have gone to lengths to keep their doors open and the revenue coming in by finding ways to adapt.
Some have created new products to meet needs that either didn’t exist before the crisis, or weren’t as great; others are digitally transforming, finding ways to deliver products and services virtually, or else delivering them in physical form straight to a customer’s door.
How coronavirus could usher in a new era of brand purpose
The coronavirus, with its unprecedented impact on travel, retail and day-to-day life, has sped up several key consumer trends, leading more people to stream media and rely on e-commerce than ever before. Even after signs of normalcy return, the lasting effects on marketing will also be significant, and could enshrine brand purpose — which was already gaining traction pre-pandemic — as the new industry standard, analysts said during a webinar hosted by the Advertising Research Foundation (ARF) on Thursday.
Big tech could emerge stronger from COVID-19
While the rest of the economy is tanking from the crippling impact of coronavirus, business at the biggest technology companies is holding steady — even thriving. With people told to work from home and stay away from others, the pandemic has deepened reliance on services from the technology industry’s most prominent companies while accelerating trends that were already benefiting them.
Why It’s Not a Good Idea to Abandon Your Marketing Efforts During a Global Pandemic
EOS®, the Entrepreneurial Operating System, is a complete set of simple concepts and practical tools that has helped thousands of entrepreneurs get what they want from their businesses. Today we share an article taken from The EOS Blog: The Secret Ingredient to Great Management. Kevin Krusiewicz is a Fractional Chief Marketing Officer who works with US companies that run on EOS®. He has been helping for-profits and nonprofits build their brand, spread their message, and generate leads since 1999.