As I continue dissecting my notes from the SHSMD conference in Chicago, building from my thoughts on the theme as well as the overview of its content, I’ve realized that my reporting on the marketing evolution is of little benefit – it’s done. Now what?
The only way to successfully adapt to this new environment is by transforming your communications strategy.
While speaking at SHSMD, Phyllis Marino of MetroHealth in Cleveland, Ohio, stated the 4Ps of marketing are obsolete. The new consumer is no longer interested in your mix of Product, Price, Promotion or Place because they now demand a more personalized approach.
With this expectation shift, the 5Rs are the new principles for ensuring the strategic focus of your marketing efforts is modified to appeal to this highly consumer-centric environment.
Recognition. Only with a clear, compelling identity and message will your audience differentiate you from the competition. You need to define what your name stands for and be able to connect with your audience in a more meaningful way.
Relevance. Your audience wants to readily see the link between what your company offers and how it fills their needs; be it accomplishing a task, solving a problem, education or entertainment.
Response. It’s a dialogue – not a monologue. Therefore, you need to also listen to the consumer and be able to quickly respond to their informational needs.
Receptivity. What they want when they want it, not when you want to deliver it to them. The consumer has his own schedule and doesn’t want to adapt to yours. This is the reason why the internet is now the CENTER of the consumer universe.
Relationships. It’s no longer about connecting the dots; it’s connecting people. If you want to establish a lifetime commitment, you need to think what will keep your audience engaged for the long-term. Till death do you part.
It may be old-fashioned and fallacious of me, but when constructing a communications strategy based on the 5Rs, I find it easier to tackle them like I would the 5Ws of Journalism: Who (Recognition), What (Relevance), When (Response), Where (Receptivity), Why (Relationships).
The trick always comes with identifying the H.
How have you shifted the structure of your communications strategy?