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Issue 5 | September 2011
Welcome to FutureProof – The Futures Company’s regular briefing about current global strategic and consumer issues
with perspectives from our various international centres. Our purpose here is to broaden horizons and share some of our
bigger picture thinking with you.




                                                                                                                          This edition includes:

                                                                                                                          China is meeting consumer
                                                                                                                          concerns over quality and
                                                                                                                          safety in the rapidly expanding
                                                                                                                          domestic markets.

                                                                                                                          Ten Years On Looking back at
                                                                                                                          consumer attitudes in the decade
                                                                                                                          since 9/11.



                                                                                                                          Social Networks The future
                                                                                                                          of social networking will be



                                                     FutureProof
                                                                                                                          driven by consumer preferences
                                                                                                                          for interaction.
Issue 5   |   September 2011                                                                                                                                                                                                         Page 2




         FutureProof

Chinese growth: bursting at the seams
         China’s economic growth                               In Shanghai, home ownership doubled                                even though optimism is running high,                               to promote consumption. Milk
         over the last 30 years has                            between 1997 and 2004.4 IKEA and                                   because it hasn’t convinced people                                  supplemented with melamine, pigs
         been explosive. Between                               B&Q entered the Chinese market                                     that it will catch them if they fall. On                            reared on Clenbuterol and condoms
1982 and 1997, per capita income                               in 1998. Just over half of urban                                   the one hand, The Futures Company’s                                 lubricated with vegetable oil are among
nearly quadrupled.1 Foreign direct                             households had a colour TV in 1990,                                Global MONITOR 2011 survey reveals                                  the more conventional cases to have hit
                                                               but by 2005 this figure had more than                              that 92% of Chinese people believe that                             the headlines in China in recent years.8
investment, negligible before 1978,
                                                               doubled.5 By 2008, almost half of the                              financially, things are going either ‘very
reached nearly US$100 billion in                                                                                                                                                                      Similarly, the high speed rail crash
                                                               population owned a mobile phone.                                   well’ or ‘fairly well’ in their country these
1994, as the economy grew by more                                                                                                                                                                     that killed 39 citizens has caused
                                                                                                                                  days (the 21-country average is 40%),
than 9% per year.2 Investment                                  But the rapid economic growth                                                                                                          seething anger. The decision to recall
                                                                                                                                  while 69% say the same about their
in infrastructure between 1990                                 has sharpened inequality and led                                                                                                       54 bullet trains was symptomatic
                                                               to repeated safety and production                                  personal financial situation.6                                      of fear of the public mood, a more
and 1999 increased total length                                                                                                   On the other hand, China has one of
                                                               scandals of which the recent high                                                                                                      important factor in China than
of paved roads by 50%, doubled                                                                                                    the highest household saving rates in
                                                               speed rail crash is only the most recent.                                                                                              outsiders sometimes realise.
electrical output, and tripled the                                                                                                the world (around 30%), partly due to
                                                               China’s leaders are learning, quickly,
length of civil aviation routes.3                                                                                                 insecurity caused by rising property                                And again, apparently legitimate goods
                                                               that markets need institutions and
Consumer change has followed.                                                                                                     prices, lack of welfare provision, and                              are not what they seem. In July this
                                                               governance as well as entrepreneurs
                                                                                                                                  limited investment options.7                                        year, the blogger Bird Abroad wrote
                                                               and infrastructure.
                                                                                                                                                                                                      a post documenting her visit to what
                                                               And the government is struggling to                                Repeated graft and safety scandals                                  proved to be a fake Apple Store in the
                                                               convert investment into consumption,                               have also undermined attempts                                       city of Kunming. The international

1
 IMF, Why is China growing so fast?, 1997                                                                                          4
                                                                                                                                    Gallup, ‘Home Ownership Soars in China’ 1 March 2005
                                                                                                                                                                            ,
2
 Ibid.                                                                                                                             5
                                                                                                                                    China Statistical Yearbook, 2010
3
 Shuanglin Lin, ‘Public Infrastructure Development in China’, Comparative Economic Studies, 2001.                                  6
                                                                                                                                     Global MONITOR 2011 is a proprietary attitudinal survey of 21 markets around the world.


                                   © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                      Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
Issue 5   |   September 2011                                                                                                                                                                                                                                    Page 3


interest sparked by the story led to                         Reassurance                                                         This circular signalled an change of                                                         equipped to offer reassurance than
the discovery of 22 such fake stores in                                                                                          tactics from the Chinese government.                                                         their domestic rivals because many
Kunming alone.                                               In November 2009, the Chinese                                       Previously it had been deliberately                                                          have well-established reputations.
                                                             government launched a 30-second TV                                  opaque about the details of product                                                          For example, Amway deliberately sells
The Chinese government appears to                            advertisement shown on BBC News                                     safety violations, but now it recognised                                                     its cleaning products at a premium
have responded with a determination                          and CNN around the world. Titled ‘Made                              that the issue was becoming                                                                  price in China to emphasise quality;
to tackle these problems. It seems to                        in China’ the ad drew attention to the
                                                                      ,                                                          inflammable. By taking responsibility for                                                    it takes fat margins by reducing the
realise that the next phase of growth                        high quality goods made by Chinese                                  it, the government acted as a lightning                                                      unit size.11 L’Oréal uses its own brand
will require trust and accountability.                       manufacturers, including mp3 players,                               rod for anger. By encouraging citizens                                                       name, rather than the Elsève tag that’s
                                                             sports shoes, and jet engines. By the                               to help with the fight, the government




                                                                                                                                                                                                 www.thinkstockphotos.co.uk
                                                             time this ad made it to air, delayed by                             acknowledged that there was only so
    “China’s leaders are                                     several scandals9, 09 it looked like a                              much it could do, and put power in the
       learning, quickly,                                    defensive response.                                                 hands of its people.
      that markets need                                      But the scandals also had a direct                                  Clearly, there are two issues at play.
                                                             economic effect. Each one led
         institutions and                                    to a sharp drop in exports, and
                                                                                                                                 On the one hand, high profile export
                                                                                                                                 scandals such as the Mattel toy recall of
   governance as well as                                     threatened the long-term credibility                                2007 are a threat to economic growth,
           entrepreneurs                                     of manufacturers in sensitive sectors                               with some diplomatic implications. This
                                                             such as food, drink and children’s toys.
    and infrastructure.”                                     So, in 2009, the Chinese government
                                                                                                                                 threat grew when President Obama
                                                                                                                                 signed the Food Safety Modernization
                                                             introduced the death penalty for food                               Act in December 2010, increasing the
                                                             safety violators, passed a sweeping                                                                                                                              used elsewhere, for hair care products
                                                                                                                                 US Food and Drug Administration’s
                                                             new food safety law and inaugurated                                                                                                                              it sells in China. We expect to see
                                                                                                                                 power to perform inspections on
                                                             a risk evaluation system capable of                                                                                                                              foreign FMCG companies operating in
                                                                                                                                 foreign manufacturing facilities.
                                                             monitoring 500,000 companies                                                                                                                                     China investing in independent, ‘gold-
                                                                                                                                 More worrying for the government,                                                            standard’ certification processes in the
                                                             As significantly, in March 2011 the                                 however, is the potential for damage                                                         near future.
                                                             government issued a circular urging                                 to domestic confidence in Chinese
                                                             ‘procuratorates’10 across the country                                                                                                                            Domestic Chinese brands are unwilling
                                                                                                                                 goods. Even brands that apply the
                                                             to work with the courts to “severely                                                                                                                             to see foreign rivals sail effortlessly to
                                                                                                                                 most scrupulous standards to their
                                                             punish” violators of food safety                                                                                                                                 the top of their categories on the back
                                                                                                                                 production processes will be negatively
                                                             laws. What was unusual about this                                                                                                                                of reputation alone, and are redoubling
                                                                                                                                 affected by the minority who cut
                                                             directive was that, for the first time, the                                                                                                                      their efforts to promote their own
                                                                                                                                 corners. This, in turn, will limit domestic
                                                             government urged citizens to use all                                                                                                                             uncompromising standards.
                                                                                                                                 consumption and foreign investment.
                                                             the means available to them (including                                                                                                                           In June 2009, investment website
                                                             social media) to expose scandals.                                   Foreign manufacturers who sell to
                                                                                                                                                                                                                              Seeking Alpha made Chinese company
                                                                                                                                 the Chinese market have been better

The Chinese survey of 2,488 respondents was conducted during April and May 2011.                                                 8
                                                                                                                                  Clenbuterol is an additive that speeds up muscle growth and fat burning, producing leaner pork.
For more information, please contact Deniz Erdem or call +44 (0) 20 7955 1873.                                                   9
                                                                                                                                  Including several recalls of lead-coated toys, exported to the US in 2007, the notorious melamine milk
7
  Nielsen, ‘Saving a Top Priority for Chinese...But Why?’, October 2011.                                                         scandal of 2008, and an incidence of dumplings contaminated with insecticide that made 10 people ill
                                                                                                                                 in Japan in 2008.

                                 © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                    Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
Issue 5   |   September 2011                                                                                                                                                                                                                       Page 4


Datawatch

Self-reliance: one of the most striking trends in our Global MONITOR data this year                                                                                                                     Victoria, one of our network of Global
                                                                                                                                                                                                        Streetscapers, based in Russia notes
In most of the 21 major markets we surveyed                     a reluctance to depend on anyone else for                      available resources to greater scrutiny. People                          “The general mood [in Russia] is uncertain.
for The Futures Company Global MONITOR,                         protection and guidance in an increasingly                     are prizing the savviness and skills needed to                           Most people feel they can count only on
there is a significantly higher premium being                   unpredictable and unstable world.                              build their own networks of trusted advisors                             themselves and do not expect support from
attached to self-reliance. While this may not                                                                                  around themselves.                                                       government or social structures. There is
                                                                Self-reliance does not mean turning away
 3. Self-reliance: one of the “advice from experts” but subjecting all in our Global
                                most striking trends
go as far as holing up in a cave with a supply of
                           from
                                                                                                                                                                                                        uncertainty about the general situation in
bottled water and tinned food, it does indicate
 MONITOR data this year                                                                                                                                                                                 the country, including politics and economics.
                                                                                                                                                                                                        Everybody keeps in mind that the overall
                                                                                                                                                                                                        situation might change tomorrow, and so will
                                                                                                                                                                                                        your personal future.
                             What will better increase your chances of succeeding in
                                                                                                                                                                                                        “Those who are more optimistic and capable of
                            today's world? % answering: Becoming as self-reliant as possible                                                                                                            estimating the situation in the country are more
                                     (vs. seeking the help and guidance of experts or professionals):                                                                                                   clear and rational. They are connecting their
                                                                                                                                                                                                        future with other countries, trying to protect
                                                                                                                                                                                                        their families and assets by transferring the
                                                                                                                                  2009           2010           2011                                    last ones abroad.
                                          74
                                     70                    70                68
                                                                                                                                                                                                        “Resourcefulness and persuasion are very
                           64                                                                   66                  65                                                                                  specific values about our country, as you
                                                      61                63
                   59                                                                                                                                                                                   sometimes may get into a situation without a
                                                 57                57                                         57                                                                                        solution. And then you have to be very creative,
          51 53                                                                                          51                         50                                                                  and only resourcefulness allows you to
                                                                                           48
                                                                                                                                                                                                        settle your issues, even if the environment
                                                                                      41                                   42 40                        40                                              and regulations are against you.”
                                                                                                                                                                          38
                                                                                                                                                   31
                                                                                                                                              26                28 30




                                                                                                                                                                                                                                                            www.thinkstockphotos.co.uk
          GLOBAL                 USA                CAN                 UK                JAP                 IRL             RUS                SKO                BRA


  © The Futures Company 2011 1   ‫׀‬                          Source: The Futures Company: Global MONITOR survey, 2011
The latest edition of our future-focussed insights program, Global MONITOR 2011/2012, launches with a global webinar on 13 September 2011.
Global MONITOR is designed to inform strategy development, inspire innovation and guide communication across multiple markets worldwide. It is based
on consumer research in 21 countries. For more information on Global MONITOR, please contact (in the US) Simon Kaplan, +1919 932 8858
(simon.kaplan@thefuturescompany.com) or (in Europe) Deniz Erdem, +44 20 7955 1873 (deniz.erdem@thefuturescompany.com)


                                      © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                         Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
Issue 5   |   September 2011                                                                                                                                                                                                       Page 5



American Dairy (ADY) its stock pick                             After the Clenbuterol pork scandal swept                                 Trusted advice: the opportunity
of the day, based on two stunning                               China in early 2011, Yurun Food, one of
                                                                                                                                            Demonstrate your brand
quarters of growth after the melamine                           China’s largest meat manufacturers,
milk crisis. The company was one of the                         invited 100 consumers from Nanjing                                          Consistency in-store. Look the same everywhere
few industry beneficiaries of the crisis,                       to visit its food production plants and
                                                                                                                                            Endorsements: Cool or trustworthy?
as emerged with an unimpeachable                                report back on the standards it enforces.
record for quality. The company had                             Each was given a copy of Yurun’s 400-                                       Don’t just pay someone to parrot you. Challenge yourself to come up
highlighted this with an aggressive                             page manual, covering every check                                           with a genuine benefit that will walk on its own.
advertising campaign in early 2009,                             built into the production process. Yurun                                    Monitor what people are saying about you but learn from and engage
running on Chinese Central Television                           officials taught the visitors about pig                                     with it, don’t censor it.
(CCTV) channels 1, 2, 3 and 6, and on                           certification, slaughtering hygiene, liquid
                                                                                                                                            Be brave – host people’s opinions about you.
six provincial channels across China.12                         chromatography, microbial sampling
                                                                and hand disinfection.13 The forensic
                                                                attention to detail demonstrated by
                                                                Yurun received positive coverage in the                            Trusted advice                                                      is the most valuable resource available
                                                                press and online, and reinforced the                                                                                                   to them in everyday life, more than
                                                                                                                                   Of course, a large consequence of all of                            money (25%), energy (24%), time
                                                                company’s reputation for quality.                                  this for Chinese consumers is that it is                            (19%) and space (2%). The same is
                                                                China’s safety problems are not                                    impossible to know where to get reliable                            not true for the more affluent markets
                                                                unique. They mark a particular stage of                            advice. When we conduct qualitative                                 which we track. The problem is finding
                                                                economic growth. What’s different for                              research for product launches in China,                             information they can trust; as we have
                                                                China is the scale and complexity                                  there’s a consistent theme – confusion.                             already seen, Chinese consumers have
                                                                of its supply chain; keeping track of                              Inundated by information about brands                               more reason for scepticism than most.
                                                                every component or ingredient is nigh                              and products that burst onto the scene
                                                                on impossible.                                                     then disappear, Chinese people don’t                                This explains the importance of word-
                                                                                                                                   know where to turn for advice about                                 of-mouth in the Chinese market.
                                                                In order to build confidence in its                                                                                                    Distrustful of claims made by brands,
                                                                                                                                   which products are best, or even safe.
                                                                produce, however, we expect that                                                                                                       people are increasingly relying upon
                                                                domestic brands will have to invest                                Reinforcing confidence over the next                                a messy network of trusted or semi-
                                                                heavily in independent certification,                              ten years, particularly in domestic                                 trusted advisors to inform their buying
                                                                scientific analysis, quality control                               brands, will require brands to provide                              choices.14 There are three main avenues
                                                                and public relations. Foreign brands,                              better access to trusted, impartial and                             for this: friends and family, internet
                                                                meanwhile, will sustain an advantage                               filtered information about products and                             forums, and point-of-sale.
                                                                over local rivals by emphasising quality,                          services.
                                                                resisting price pressure, and – who                                                                                                    A 2010 survey conducted by McKinsey
                                                                                                                                   The Futures Company’s Global                                        found that 66% of Chinese consumers
                                                                knows – perhaps even working together                              MONITOR 2011 survey reveals that 29%
                                                                on quality standards.                                                                                                                  say that they would consider friend
                                                                                                                                   of Chinese people say that information
10
   Procuratorates are public bodies responsible for legal supervision and enforcement of state laws.                                 http://post.news.tom.com/DB001D44519.html
                                                                                                                                    13

11
   ‘Amway’s China Redux’, Forbes Asia, 7 September 2009.                                                                             54% of Chinese people, for example, agree strongly or slightly with the statement: “Most companies
                                                                                                                                    14

12
  Seeking Alpha, ‘American Dairy: Finally Something Positive about Chinese Baby Milk’ 22 January 2009.
                                                                                    ,                                               only make claims about their socially responsible efforts to try to sell me more of their products”.


                                    © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                       Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
Issue 5   |   September 2011                                                                                                                                                                                                 Page 6




and family recommendations when                                 guarantees the importance of trusted                                for advice from friends and family. A
choosing a moisturiser compared with                            advisors.                                                           recent McKinsey survey found that
just 38% of respondents in the US and                                                                                               56 percent of Chinese consumers
                                                                Internet forums and social networks,
UK.15 Indeed, The Futures Company’s                                                                                                 say that the information they get at
                                                                though less reliable, are still seen as
qualitative research shows that younger                                                                                             retail outlets is essential to make up
                                                                valuable sources of advice.
Chinese consumers are leading their                                                                                                 their minds.18 The opportunity to have
                                                                The explosive growth of Sina’s Weibo
elder family members by the hand                                                                                                    a salesperson rub cream into your
                                                                service heralds a new era for digital
when it comes to product attributes.                                                                                                hand, or demonstrate the benefits of
                                                                word-of-mouth, because it is set up
                                                                                                                                    a stain remover, presents as trusted
The search for trusted advice from                              as a vehicle for opinion. Threaded
                                                                                                                                    advice, even if the salesperson works
friends and family seems to be partly                           comments and one-click micro-polls
                                                                                                                                    for a particular brand. It is reassuring
a function of aspiration. With rising                           encourage debate, while content filters
                                                                                                                                    to be able to talk about a product with
                                                                                                                                    someone. Consumer goods companies
“Inundated by information about brands                                                                                              are particularly well-known for using
                                                                                                                                    thousands of in-store salespeople to
and products that burst onto the scene                                                                                              recommend their products.
then disappear, Chinese people don’t                                                                                                Becoming a conduit for trusted advice
                                                                                                                                    is one of the great opportunities
know where to turn for advice about                                                                                                 available to brands looking to grow in

which products are best, or even safe.”                                                                                             China during the next decade. Brands
                                                                                                                                    that get it right will float to the top, while
                                                                                                                                    those who control their message too
disposable incomes, many people are                             and categorised trends cut through it.                              remotely will sink. In some categories,
willing to spend a high proportion of                           The ability to follow trusted advisers,                             engendering confidence will be a critical
their salary on key items, but do so                            such as celebrities, friends and                                    brand attribute. Growth in China may
judiciously. A 2009-10 study by Pao                             reviewers, allows for greater intimacy.                             depend on it.
Principle, cited in Forbes Magazine,                            According to The Futures Company                                    This is an extract from a Future Perspectives
found that the average female Chinese                           data, 65% of Chinese internet users                                 thought piece on China to be published at
luxury consumer will spend roughly                              (versus a 21-market average of 48%)                                 the end of September in the New Thinking
                                                                                                                                    section of our website
11% of her income on handbags alone.16                          agree with the statement: “The internet                             www.thefuturescompany.com
Taking advice from friends is seen as a                         helps me to connect with other like-
way of improving the chance of success                          minded individuals” 17 We expect this
                                                                                      .
when making such a large purchase.                              figure to grow.
Even for the purchase of smaller items,
                                                                Finally, point-of-sale marketing is
the dizzying pace of product launches
                                                                successful because it acts as a proxy
15
   Max Magni and Yuval Atsmon, ‘The Power of Word of Mouth in China’ Harvard Bus. Review, 30 April 2010.
                                                                   ,                                                                 McKinsey & Co., ‘China’s In-store Wars’ August 2010.
                                                                                                                                    18
                                                                                                                                                                           ,
16
   Forbes, ‘What Chinese Shoppers Want’, 8 March 2010.
17
   Data from The Futures Company’s Global MONITOR 2011 survey


                                    © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                       Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
Issue 5   |   September 2011                                                                                                                                                                                                           Page 7



                                                                                                                                  The events of September 11 have had very                       2002                          2011
                                                                                                                                  little effect on my day-to-day life

                                                                                                                                  Total Disagree                                                 65%                           47%

                                                                                                                                  Strongly Disagree                                              23%                           14%

                                                                                                                                  Disagree                                                       42%                           33%

                                                                                                                                  Total Agree                                                    35%                           53%



 9/11 ten years on
                                                                                                                                  Strongly Agree                                                 5%                            10%

                                                                                             By J Walker Smith                    Agree                                                          30%                           43%



          Futurists and trends                               In our initial assessment in September                                   the ideological spectrum foresaw a                            see it in the echo chambers of politics,
          analysts rarely get the                            2001 assessment, we argued that 9/11                                     withering of cynicism, incivility and                         media and information that people now
          opportunity to go back and                         would have only a limited impact on                                      lack of respect for authorities. This                         inhabit. We see it in the intensifying
look at how they called the future.                          the American consumer marketplace.                                       was perhaps post-9/11 punditry’s                              interest in localism from local foods to
Usually, there’s too much else going                         Pundits were almost unanimous in                                         biggest mistake.                                              walk-able neighborhoods to craft beers
                                                             declaring otherwise, yet our view is how                                                                                               to community banks to regional tourism.
on which obscures the picture.
                                                             things have turned out. It was apparent                                                                                                We see it in people coming together with
But the tenth anniversary of 9/11
                                                             even then.                                                                                                                             communities and families for support in
provides such an opportunity to                                                                                                       “What has weakened                                            their financial struggles. Intimacy is the
                                                                   In early 2001, well before 9/11, the
look at how we did and how the                                                                                                      since 9/11, is the belief                                       elemental character of life as people
decade evolved.                                                    overwhelming majority of American
                                                                   consumers were more interested                                   that “all human beings                                          look ahead.
Shortly after 9/11, Yankelovich, now part                          in balance and time with family and                                are Americans under                                           Our bottom line in September 2001
of The Futures Company, conducted                                  community along with integrity                                                                                                   was that 9/11 would contribute to the
a teleconference open to all in which                              and authenticity.
                                                                                                                                                   the skin.”                                       direction of the future but would not
we took stock and offered guidance                                 The mainstreaming of affluence,                                                                                                  wholly, or even mostly, set that direction.
about the future. (That September 26                               or trading up, was gathering                                                                                                     This was because, as we said, in almost
teleconference was later released as a                             momentum. We felt that nothing                                                                                                   no time, 9/11 would lose its grip on
white paper entitled, “Trying to Get Back                          about 9/11 would daunt it. In fact,                          Our forecast was an American                                        people. This is also how things have
to Business as Usual in Trying Times.”)                            it burst into the ensuing housing                            marketplace in which people would                                   turned out.
Of special interest are the half-dozen                             boom and accumulation frenzy of                              live in ever-tightening circles of close,
                                                                                                                                                                                                    As can be seen in the above table, in
questions specially included in the                                the mid-2000s.                                               intimate connections. This future is
                                                                                                                                                                                                    2002, nearly two-thirds disagreed with
first-quarter wave of the 2002 U.S.                                                                                             upon us. We see it in social networks,
                                                                   We said that paradox and irony                                                                                                   the idea that 9/11 had “had very little
Yankelovich MONITOR and asked again                                                                                             first to aggregate friends then to winnow
                                                                   were too deeply rooted to give way,                                                                                              effect” on their day-to-day lives. To
in the 2011 third-quarter wave.                                                                                                 them down into clutches of closeness.
                                                                   even to something as sobering as                                                                                                 restate it in a more straightforward way,
                                                                                                                                We see it in the booming happiness fad
                                                                   9/11. By contrast, pundits across                                                                                                two in three felt that 9/11 had, indeed,
                                                                                                                                for which relationships figure first. We

                                 © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                    Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
Issue 5   |   September 2011                                                                                                                                                                                                           Page 8




                                                                                                                                 NEWS
                                                           affected their ordinary lives. But by 2011,
                                                           9/11 was losing its grip, with the majority
                                                           now agreeing not disagreeing that
                                                           9/11 has “had very little effect” on their
                                                           daily lives. Additionally, looking closely                             Our latest research on the future of
                                                           at the distribution of agreement and                                   health and wellness was recently featured
                                                                                                                                  in Marketing Week in the UK. [http://www.
                                                           disagreement, a notable lessening of
                                                                                                                                  marketingweek.co.uk/analysis/features/
                                                           the intensity of feeling is apparent.                                  brands-serve-up-a-personal-lifestyle-
                                                           The real terror of the post-9/11world                                  plan/3029178.article]

                                                           was not apparent at the time. 9/11                                     Our Executive Chairman, J. Walker
                                                           was simply the first thing out of                                      Smith presented a paper on The Culture




                                                                                                                                                                                                                                                http://news.gmu.edu/articles/224
                                                           Pandora’s 21st century box. What has                                   of Contentment: The New Context of
                                                                                                                                  Consumption at the CDC (Centers for Disease
J Walker Smith is the Executive Chairman                   weakened since 9/11, to quote political
of The Futures Company.                                                                                                           Control and Prevention) National Conference
                                                           philosopher John Gray, is the belief that                              on Health Communication, Marketing, and
“Ten years ago, I stayed up all night with                 “all human beings are Americans under                                  Media in Atlanta, GA.
the newscaster Peter Jennings. The entire                  the skin.” 9/11 was the strike against
                                                                                                                                  The IIPS, The Futures Company’s public
night after 9/11 the ABC cameras were                      that presumption that legitimized a
                                                                                                                                  services insight thinktank presents its
pointed straight down at the wreckage of                   new context for debate. Everything                                     fifth annual review of values, attitudes and
the World Trade Center towers. Floodlights                 that followed, much of which was                                       aspirations of the British public. What the
lit the devastation in an unearthly glare                  immediately recognizable as utterly                                    Citizen Wants: Beyond the Big Society takes
as smoke seeped up through the tangled                     venal, was seen in a different light, one                              place in London on 27 September and will
girders and emergency responders                           that brought out the shortcomings                                      unveil new research on attitudes to community
                                                                                                                                  engagement. For info and invites, please
searched furiously for survivors. Only                     of the established order as much
                                                                                                                                  contact karen.kidson@thefuturescompany.com
days later did I begin to emerge from the                  as the malevolence of the events or
                                                                                                                                  Futures Company Director Andrew Curry




                                                                                                                                                                                                                                                Source: Kinetic
shock to see that the pall over me was                     perpetrators themselves.
                                                                                                                                  spoke at the launch of Kinetic’s report
casting a dark shadow over everyone
                                                           In the decade since 9/11, the post-WW2                                 on the future of out-of-home advertising,
else, too, especially the clients of our firm,
                                                           world order has lost its moral authority.                              “On The Threshold of Change” [http://
                                                                                                                                                                 .
many of whom had been immobilized                                                                                                 www.kineticww.com/en-GB/home/
                                                           That world of assurance has collapsed
by the events of 9/11. So, partly for our                                                                                         what-are-we-thinking/moving-minds/
                                                           into a world of volatility.
benefit and partly for the benefit of others,                                                                                     environmenstinsight/11-07-06/The_future_
                                                           The world order which is now emerging
we conducted a teleconference later in                                                                                            of_Out_of_Home_media_in_the_UK_to_2020.
                                                           is still coalescing. But already we know                               aspx]. Andrew’s presentation looked at the
September to offer thoughts about a way
                                                           enough about it to know that it requires                               technology context of 2020. He described                                                   follow us on
forward through the trauma of that day.
With the tenth anniversary of 9/11 at hand,
                                                           new rules and new assumptions.                                         a world in which consumers’ portable and
                                                                                                                                  locatable devices communicated with a smart
                                                                                                                                                                                                                             twitter
it is useful to revisit our perspective of the             This article is based on our Future                                    city which was both a platform for competing                                               @futuresco
moment and assess whether our counsel                      Perspectives thought piece Looking Back to
                                                                                                                                  technologies and in which data was open
                                                           Look Ahead: A Ten-Year Update on 9/11 recently
looks wise in retrospect. We can do a                                                                                             and hackable.
                                                           published in the New Thinking section of our
better job of looking ahead by learning                    website.
from looking back.”



                               © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                  Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
Issue 5   |   September 2011                                                                                                                                                                                                   Page 9




Reimagining social networks                                                                                                                        By Alex Steer


There’s a moment in the                      ‘People want to go on the internet and                             were systems like Usenet for online                                 would transform social networking. To
film The Social Network                      check out their friends. Why not build                             discussion with strangers, and instant                              some extent they have: many of the
when the Mark Zuckerberg                     a website that offers that? Friends,                               messaging for online discussion with                                changes over the last decade have
character realizes what                      pictures, profiles, whatever. You can                              friends. But there was nothing quite                                been technology-driven. But what’s
his new website, ‘The                        visit, browse around, maybe it’s                                   like the ‘find-and-friend’ model that                               often missing is the simple, human
                                             somebody you just met at a party.                                  Facebook made famous. The scene in                                  question: how do we want to interact
Facebook’, is really
                                             I’m not talking about a dating site.                               the film transports us back to social                               online, and how is this changing?
all about
                                             I’m talking about taking the entire                                networking’s Big Bang – the revelation
                                                                                                                                                                                    Our work on the future of social
                                             social experience of college and                                   that what people want to do online is
                                                                                                                                                                                    networking starts with the conviction
                                             putting it online.’                                                to interact in a certain way.
                                                                                                                                                                                    that the future of social networking will
                                             In Aaron Sorkin’s screenplay, that                                 Fast forward to the present, and                                    be shaped less by technology change,
                                             moment is so powerful because it                                   it’s a shame that so much of the                                    and more by understanding how
                                             takes us back to a time, less than                                 conversation around the future                                      people’s online interaction choices
                                             ten years ago, when social networks                                of social networking focuses on                                     are changing, and reimagining social
                                             barely existed. There was MySpace,                                 technology. In the last few years                                   networks and social media content to
                                             of course, which at its height counted                             we’ve heard that real-time access,                                  meet those changing needs.
                                             one in four people in the US in its                                mobile apps, geolocation, near-field
                                             active membership; and there                                       communication and other innovations


                                © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                   Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
Issue 5   |   September 2011                                                                                                                                                                                                           Page 10

                                                                                                                                  Global Streetscapes are our eyes and ears on the streets of cities around the world: a network
We have identified six critical                              Each of these choices involves a                                     of culturally connected individuals in over 40 countries and 60 cities capture new examples of
                                                                                                                                  emerging and evolving trends and innovations. This source of continually updated observational
decisions – known as Pivot Points                            trade-off. For example, the issue of                                 insight and local intelligence provides a straightforward way of connecting to product and service
– that consumers are making now,                             online privacy is clearly a rising point                             innovation and examples of consumer and brand behaviour.
that will shape the social networks                          of consumer concern right now. Taken
                                                                                                                                   Cycle-in-Cinema Screenings, UK
of the future, and the media                                 to its extreme, a concern for online
                                                                                                                                   A new form of pedal powered cinema screenings have been popping
landscape for businesses, brands                             privacy would mean abandoning
                                                                                                                                   up around London in 2011, where consumers take in their bicycles,
and marketers. In brief, these are:                          networks entirely – but there is no sign
                                                                                                                                   hook them up to a dynamo which acts as the energy source for
                                                             that most consumers are interested
 1   Scale. Will we want the scale                                                                                                 the movie screening. Promoted and organised by a not-for-profit
                                                             in this nuclear option. We use a simple                               education project called Magnificent Revolution, the screenings are
     benefits of large networks
                                                             “Four Cs” model to explain why people                                 held in public places and arranged through social media callouts. The screenings are getting popular
     (a so-called Big Net future), or the
                                                             find value in online interaction – it                                 not only with bicycle and green enthusiasts, but also with those who are looking for a fun way to spend
     intimacy benefits of small ones
                                                             lets them communicate, collaborate,                                   their evenings in a exciting social environment. The idea has gained positive coverage in the press,
     (a Tight Knit future)?
                                                                                                                                   as the Evening Standard noted in August that ‘With their relaxed bring-your-own booze, picnic-style
 2   Privacy. Will we value                                                                                                        atmosphere, pop-up cycle cinemas have been a hit all over the capital this summer’   .
     convenience of use and access
     (Open Hand), or safeguards on                                      “Much of the                                               Using social media to track illness, Brazil
                                                                                                                                   As the number of social media users grows across the world
     our private data (Closed Fist)?                            conversation around                                                the data generated is increasingly being used to track infectious

 3   Specificity. Will we want to                                 the future of social                                             diseases in the population. According to an article in the New
     spend time on a few networks                                                                                                  Scientist in July 2011, Twitter status updates are being used to track
     (One for All), or divide time
                                                               networking focuses on                                               the growth of dengue fever in Brazil enabling better deployment

     between many (One for Each)?                                        technology.”                                              of medical services to control the outbreak. The article also notes that while social media and web
                                                                                                                                   behaviour has been used previously for generic surveillance of global pandemics, the research in
4    Pervasiveness. Will we want to                                                                                                Brazil has been the first to collect data at a local city level. Similar to this are more consumer centric
     be ‘always on’ (Turn On), or to                                                                                               mobile apps like the Swedish Myggrapporten, which highlights mosquito activity by tapping into
     access our networks only when                                                                                                 the geo-tagged status updates of consumers around world and the website Sickweather, which
     we need to (Tune Out)?                                  create/curate and consult together,                                   aggregates sickness mentions from across social media networks and overlays this information on
                                                             and as long as these needs exist, and                                 real time maps to better inform consumers
 5   Utility. Will we see our networks
                                                             are met, online social networks have
     more as entertainment (Play), or                                                                                              Recycling used cooking oil, Spain
                                                             a future. But will privacy concern pull                               The Barcelona City Council has started distributing containers to households to
     as utilities (Plug)?
                                                             us towards a Closed Fist future, or will                              make the recycling of used cooking oil more convenient. The Olipot campaign was
6    Worldview. Will we want                                 our desire for ease of access (and our                                launched in February 2011. The free Olipot can be obtained at the local Punto
     networks to reinforce our habits                        dislike of remembering passwords)                                     Verde, a network of public recycle points around town, that are called ‘Green
     (Confirm), or to challenge our                          bring us back towards an Open Hand                                    Points’ Consumers are encouraged to collect used cooking oil in the handy
                                                                                                                                         .
     preconceptions (Challenge)?                             future in the end?                                                    containers instead of dumping them into the drain which can pollute the water
                                                                                                                                   system. The Olipots can then be taken to the local recycling center that recycles
                                                             There will be no single answer to these                               the cooking oil in a eco friendly way.
                                                             questions. Social networks will evolve
                                                             in different ways in response to the                                  This is aimed at getting consumers do their little bit for the environment in their everyday activities.
                                                             particular needs of particular groups of                              The Olipot initiative has received positive mentions and consumer interest is growing with reports
                                                             consumers. Using our Pivot Points                                     indicating that the recycling centres ran out of the stocks for the Olipot as early as March 2011.



                                © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                   Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
Issue 5   |   September 2011                                                                                                                                                                                                      Page 11


                                                             framework helps businesses, brands

                                                                                                                                   From the Blog
                          Alex Steer
                          “What does                         and marketers imagine different
                          Facebook have to                   possible futures, understand the
                          do with medieval                   decisions their consumers are making,
                                                                                                                                   My Millennial generation:
                          monks? Well,                       and decide how to act.                                                Lawrence Wykes writes
                          Facebook originated                                                                                      “The question of whether the Millennials are a coherent cohort
                                                             Looking back at Facebook, we can see
                          as a way of enabling                                                                                     is still open – the data has never quite added up. And our recent
                                                             that from the beginning it’s relied on
gossip and interaction between US Ivy                                                                                              analysis, based on our Global Monitor data, suggests that as
                                                             people making certain choices about                                   a group the Millennials are a fragmented cohort, refracted by
League college students, starting at Harvard.
                                                             how they want to interact. It depends                                 technology. ... Millennials look like a generation to researchers
Harvard, of course, was founded in 1636 and
                                                             on scale, openness, ubiquity (we’d say                                because there is a social-technology breakpoint between their
modelled after the Universities of Cambridge
                                                             it’s Big Net, Open Hand, One for All),                                cohort and all previous generations. But, in terms of social analysis, defining a group by technology
and Oxford; and these, with their thirteenth-
                                                             and on people’s desire to spend more                                  – rather than their underlying attitudes and values – has problems.
century origins, were based on an ideal
                                                             of their online time socializing and                                  Read more: http://blog.thefuturescompany.com/2011/08/11/my-millennial-generation/
established by England’s great religious
houses, the monasteries. The scholars of
                                                             getting content and recommendations
Oxford and Cambridge (and by extension                       filtered by their social graphs (Turn
                                                                                                                                    Piercing the Shard:
the Ivy League universities where Facebook                   On, Play, Confirm). Mark Zuckerberg’s                                  Andrew Curry writes
was incubated) took as their inspiration                     vision of a network for people who                                     “The Shard is inescapable from our London office. The city’s
the monastic ideal: a group of people living                 want to ‘go on the internet and check                                  soon-to-be tallest building, a piece of concept architecture
together, in close quarters, sharing                         out their friends’ has gone global.                                    by Renzo Piano, can be seen from our office windows and
                                                                                                                                    most of the approaches to the office. Size matters. As the
everything, trading knowledge, having                        But just like MySpace’s idea of a                                      economist Andrew Lawrence has demonstrated with his
few secrets from each other.                                 completely open, highly customizable                                   Skyscraper Index, announcements of buildings billed as
“Ring any bells? Underpinning Facebook,                      network, today’s leading networks will                                 the tallest are an unerring leading indicator of the top of the
still, is an undergraduate culture - and                     find themselves at risk if they don’t                                  market, that boom is about to go bust.”
underpinning that is a monastic culture. Little              anticipate – and adapt to – people’s                                   Read more: http://blog.thefuturescompany.
                                                                                                                                    com/2011/07/19/piercing-the-shard/
wonder the network still struggles with the                  changing interaction choices. In the
idea of privacy. I’m a medievalist by training,              end, technologies create possibilities,
and in Facebook’s wrangles and mis-steps                     but our decisions shape the future.                                    From Cash to Commitment:
over privacy I pick up echoes of the intimate,
                                                                                                                                    Amy Tomkins writes
gossipy world of the monasteries. We still                   A longer version of this work can be found
                                                                                                                                    “Hermione Taylor’s new sponsorship site The DoNation seeks
tend to treat Facebook as a guide to the                     on our blog, in the week starting 1 August
                                                                                                                                    to replace cash with action and help people inspire their
future of social networking - but the social                 2011. It has also been published as a booklet                          friends to live more sustainably. By harnessing the social
                                                             in the New Thinking section of our website.                            and viral nature of sponsorship, The DoNation encourages
model that underpins it is centuries old. As we
developed the Pivot Points framework, I had                                                                                         people to engage with environmental issues and take action
                                                                                                                                    to change their behaviour. This changes the traditional
to shake myself and realize I’d grown up with
                                                                                                                                    sponsorship model and makes the whole transaction more
a model of social networking that’s essentially                                                                                     direct and efficient.
medieval. Is it really that surprising that as it
                                                                                                                                    Read more: http://blog.thefuturescompany.com/2011/08/19/from-cash-to-commitment/
spreads, the idea of the network might change
quite radically?”




                                 © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a
                                    Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
To subscribe to FutureProof please                                                                   Editor: Andrew Curry
visit http://www.thefuturescompany.com/page/FutureProof/                                             Production: Karen Kidson
Comments, feedback and requests to unsubscribe should be sent to futureproof@thefuturescompany.com   Design: Alake Riley

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Future proof september2011

  • 1. Issue 5 | September 2011 Welcome to FutureProof – The Futures Company’s regular briefing about current global strategic and consumer issues with perspectives from our various international centres. Our purpose here is to broaden horizons and share some of our bigger picture thinking with you. This edition includes: China is meeting consumer concerns over quality and safety in the rapidly expanding domestic markets. Ten Years On Looking back at consumer attitudes in the decade since 9/11. Social Networks The future of social networking will be FutureProof driven by consumer preferences for interaction.
  • 2. Issue 5 | September 2011 Page 2 FutureProof Chinese growth: bursting at the seams China’s economic growth In Shanghai, home ownership doubled even though optimism is running high, to promote consumption. Milk over the last 30 years has between 1997 and 2004.4 IKEA and because it hasn’t convinced people supplemented with melamine, pigs been explosive. Between B&Q entered the Chinese market that it will catch them if they fall. On reared on Clenbuterol and condoms 1982 and 1997, per capita income in 1998. Just over half of urban the one hand, The Futures Company’s lubricated with vegetable oil are among nearly quadrupled.1 Foreign direct households had a colour TV in 1990, Global MONITOR 2011 survey reveals the more conventional cases to have hit but by 2005 this figure had more than that 92% of Chinese people believe that the headlines in China in recent years.8 investment, negligible before 1978, doubled.5 By 2008, almost half of the financially, things are going either ‘very reached nearly US$100 billion in Similarly, the high speed rail crash population owned a mobile phone. well’ or ‘fairly well’ in their country these 1994, as the economy grew by more that killed 39 citizens has caused days (the 21-country average is 40%), than 9% per year.2 Investment But the rapid economic growth seething anger. The decision to recall while 69% say the same about their in infrastructure between 1990 has sharpened inequality and led 54 bullet trains was symptomatic to repeated safety and production personal financial situation.6 of fear of the public mood, a more and 1999 increased total length On the other hand, China has one of scandals of which the recent high important factor in China than of paved roads by 50%, doubled the highest household saving rates in speed rail crash is only the most recent. outsiders sometimes realise. electrical output, and tripled the the world (around 30%), partly due to China’s leaders are learning, quickly, length of civil aviation routes.3 insecurity caused by rising property And again, apparently legitimate goods that markets need institutions and Consumer change has followed. prices, lack of welfare provision, and are not what they seem. In July this governance as well as entrepreneurs limited investment options.7 year, the blogger Bird Abroad wrote and infrastructure. a post documenting her visit to what And the government is struggling to Repeated graft and safety scandals proved to be a fake Apple Store in the convert investment into consumption, have also undermined attempts city of Kunming. The international 1 IMF, Why is China growing so fast?, 1997 4 Gallup, ‘Home Ownership Soars in China’ 1 March 2005 , 2 Ibid. 5 China Statistical Yearbook, 2010 3 Shuanglin Lin, ‘Public Infrastructure Development in China’, Comparative Economic Studies, 2001. 6 Global MONITOR 2011 is a proprietary attitudinal survey of 21 markets around the world. © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 3. Issue 5 | September 2011 Page 3 interest sparked by the story led to Reassurance This circular signalled an change of equipped to offer reassurance than the discovery of 22 such fake stores in tactics from the Chinese government. their domestic rivals because many Kunming alone. In November 2009, the Chinese Previously it had been deliberately have well-established reputations. government launched a 30-second TV opaque about the details of product For example, Amway deliberately sells The Chinese government appears to advertisement shown on BBC News safety violations, but now it recognised its cleaning products at a premium have responded with a determination and CNN around the world. Titled ‘Made that the issue was becoming price in China to emphasise quality; to tackle these problems. It seems to in China’ the ad drew attention to the , inflammable. By taking responsibility for it takes fat margins by reducing the realise that the next phase of growth high quality goods made by Chinese it, the government acted as a lightning unit size.11 L’Oréal uses its own brand will require trust and accountability. manufacturers, including mp3 players, rod for anger. By encouraging citizens name, rather than the Elsève tag that’s sports shoes, and jet engines. By the to help with the fight, the government www.thinkstockphotos.co.uk time this ad made it to air, delayed by acknowledged that there was only so “China’s leaders are several scandals9, 09 it looked like a much it could do, and put power in the learning, quickly, defensive response. hands of its people. that markets need But the scandals also had a direct Clearly, there are two issues at play. economic effect. Each one led institutions and to a sharp drop in exports, and On the one hand, high profile export scandals such as the Mattel toy recall of governance as well as threatened the long-term credibility 2007 are a threat to economic growth, entrepreneurs of manufacturers in sensitive sectors with some diplomatic implications. This such as food, drink and children’s toys. and infrastructure.” So, in 2009, the Chinese government threat grew when President Obama signed the Food Safety Modernization introduced the death penalty for food Act in December 2010, increasing the safety violators, passed a sweeping used elsewhere, for hair care products US Food and Drug Administration’s new food safety law and inaugurated it sells in China. We expect to see power to perform inspections on a risk evaluation system capable of foreign FMCG companies operating in foreign manufacturing facilities. monitoring 500,000 companies China investing in independent, ‘gold- More worrying for the government, standard’ certification processes in the As significantly, in March 2011 the however, is the potential for damage near future. government issued a circular urging to domestic confidence in Chinese ‘procuratorates’10 across the country Domestic Chinese brands are unwilling goods. Even brands that apply the to work with the courts to “severely to see foreign rivals sail effortlessly to most scrupulous standards to their punish” violators of food safety the top of their categories on the back production processes will be negatively laws. What was unusual about this of reputation alone, and are redoubling affected by the minority who cut directive was that, for the first time, the their efforts to promote their own corners. This, in turn, will limit domestic government urged citizens to use all uncompromising standards. consumption and foreign investment. the means available to them (including In June 2009, investment website social media) to expose scandals. Foreign manufacturers who sell to Seeking Alpha made Chinese company the Chinese market have been better The Chinese survey of 2,488 respondents was conducted during April and May 2011. 8 Clenbuterol is an additive that speeds up muscle growth and fat burning, producing leaner pork. For more information, please contact Deniz Erdem or call +44 (0) 20 7955 1873. 9 Including several recalls of lead-coated toys, exported to the US in 2007, the notorious melamine milk 7 Nielsen, ‘Saving a Top Priority for Chinese...But Why?’, October 2011. scandal of 2008, and an incidence of dumplings contaminated with insecticide that made 10 people ill in Japan in 2008. © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 4. Issue 5 | September 2011 Page 4 Datawatch Self-reliance: one of the most striking trends in our Global MONITOR data this year Victoria, one of our network of Global Streetscapers, based in Russia notes In most of the 21 major markets we surveyed a reluctance to depend on anyone else for available resources to greater scrutiny. People “The general mood [in Russia] is uncertain. for The Futures Company Global MONITOR, protection and guidance in an increasingly are prizing the savviness and skills needed to Most people feel they can count only on there is a significantly higher premium being unpredictable and unstable world. build their own networks of trusted advisors themselves and do not expect support from attached to self-reliance. While this may not around themselves. government or social structures. There is Self-reliance does not mean turning away 3. Self-reliance: one of the “advice from experts” but subjecting all in our Global most striking trends go as far as holing up in a cave with a supply of from uncertainty about the general situation in bottled water and tinned food, it does indicate MONITOR data this year the country, including politics and economics. Everybody keeps in mind that the overall situation might change tomorrow, and so will your personal future. What will better increase your chances of succeeding in “Those who are more optimistic and capable of today's world? % answering: Becoming as self-reliant as possible estimating the situation in the country are more (vs. seeking the help and guidance of experts or professionals): clear and rational. They are connecting their future with other countries, trying to protect their families and assets by transferring the 2009 2010 2011 last ones abroad. 74 70 70 68 “Resourcefulness and persuasion are very 64 66 65 specific values about our country, as you 61 63 59 sometimes may get into a situation without a 57 57 57 solution. And then you have to be very creative, 51 53 51 50 and only resourcefulness allows you to 48 settle your issues, even if the environment 41 42 40 40 and regulations are against you.” 38 31 26 28 30 www.thinkstockphotos.co.uk GLOBAL USA CAN UK JAP IRL RUS SKO BRA © The Futures Company 2011 1 ‫׀‬ Source: The Futures Company: Global MONITOR survey, 2011 The latest edition of our future-focussed insights program, Global MONITOR 2011/2012, launches with a global webinar on 13 September 2011. Global MONITOR is designed to inform strategy development, inspire innovation and guide communication across multiple markets worldwide. It is based on consumer research in 21 countries. For more information on Global MONITOR, please contact (in the US) Simon Kaplan, +1919 932 8858 (simon.kaplan@thefuturescompany.com) or (in Europe) Deniz Erdem, +44 20 7955 1873 (deniz.erdem@thefuturescompany.com) © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 5. Issue 5 | September 2011 Page 5 American Dairy (ADY) its stock pick After the Clenbuterol pork scandal swept Trusted advice: the opportunity of the day, based on two stunning China in early 2011, Yurun Food, one of Demonstrate your brand quarters of growth after the melamine China’s largest meat manufacturers, milk crisis. The company was one of the invited 100 consumers from Nanjing Consistency in-store. Look the same everywhere few industry beneficiaries of the crisis, to visit its food production plants and Endorsements: Cool or trustworthy? as emerged with an unimpeachable report back on the standards it enforces. record for quality. The company had Each was given a copy of Yurun’s 400- Don’t just pay someone to parrot you. Challenge yourself to come up highlighted this with an aggressive page manual, covering every check with a genuine benefit that will walk on its own. advertising campaign in early 2009, built into the production process. Yurun Monitor what people are saying about you but learn from and engage running on Chinese Central Television officials taught the visitors about pig with it, don’t censor it. (CCTV) channels 1, 2, 3 and 6, and on certification, slaughtering hygiene, liquid Be brave – host people’s opinions about you. six provincial channels across China.12 chromatography, microbial sampling and hand disinfection.13 The forensic attention to detail demonstrated by Yurun received positive coverage in the Trusted advice is the most valuable resource available press and online, and reinforced the to them in everyday life, more than Of course, a large consequence of all of money (25%), energy (24%), time company’s reputation for quality. this for Chinese consumers is that it is (19%) and space (2%). The same is China’s safety problems are not impossible to know where to get reliable not true for the more affluent markets unique. They mark a particular stage of advice. When we conduct qualitative which we track. The problem is finding economic growth. What’s different for research for product launches in China, information they can trust; as we have China is the scale and complexity there’s a consistent theme – confusion. already seen, Chinese consumers have of its supply chain; keeping track of Inundated by information about brands more reason for scepticism than most. every component or ingredient is nigh and products that burst onto the scene on impossible. then disappear, Chinese people don’t This explains the importance of word- know where to turn for advice about of-mouth in the Chinese market. In order to build confidence in its Distrustful of claims made by brands, which products are best, or even safe. produce, however, we expect that people are increasingly relying upon domestic brands will have to invest Reinforcing confidence over the next a messy network of trusted or semi- heavily in independent certification, ten years, particularly in domestic trusted advisors to inform their buying scientific analysis, quality control brands, will require brands to provide choices.14 There are three main avenues and public relations. Foreign brands, better access to trusted, impartial and for this: friends and family, internet meanwhile, will sustain an advantage filtered information about products and forums, and point-of-sale. over local rivals by emphasising quality, services. resisting price pressure, and – who A 2010 survey conducted by McKinsey The Futures Company’s Global found that 66% of Chinese consumers knows – perhaps even working together MONITOR 2011 survey reveals that 29% on quality standards. say that they would consider friend of Chinese people say that information 10 Procuratorates are public bodies responsible for legal supervision and enforcement of state laws. http://post.news.tom.com/DB001D44519.html 13 11 ‘Amway’s China Redux’, Forbes Asia, 7 September 2009. 54% of Chinese people, for example, agree strongly or slightly with the statement: “Most companies 14 12 Seeking Alpha, ‘American Dairy: Finally Something Positive about Chinese Baby Milk’ 22 January 2009. , only make claims about their socially responsible efforts to try to sell me more of their products”. © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 6. Issue 5 | September 2011 Page 6 and family recommendations when guarantees the importance of trusted for advice from friends and family. A choosing a moisturiser compared with advisors. recent McKinsey survey found that just 38% of respondents in the US and 56 percent of Chinese consumers Internet forums and social networks, UK.15 Indeed, The Futures Company’s say that the information they get at though less reliable, are still seen as qualitative research shows that younger retail outlets is essential to make up valuable sources of advice. Chinese consumers are leading their their minds.18 The opportunity to have The explosive growth of Sina’s Weibo elder family members by the hand a salesperson rub cream into your service heralds a new era for digital when it comes to product attributes. hand, or demonstrate the benefits of word-of-mouth, because it is set up a stain remover, presents as trusted The search for trusted advice from as a vehicle for opinion. Threaded advice, even if the salesperson works friends and family seems to be partly comments and one-click micro-polls for a particular brand. It is reassuring a function of aspiration. With rising encourage debate, while content filters to be able to talk about a product with someone. Consumer goods companies “Inundated by information about brands are particularly well-known for using thousands of in-store salespeople to and products that burst onto the scene recommend their products. then disappear, Chinese people don’t Becoming a conduit for trusted advice is one of the great opportunities know where to turn for advice about available to brands looking to grow in which products are best, or even safe.” China during the next decade. Brands that get it right will float to the top, while those who control their message too disposable incomes, many people are and categorised trends cut through it. remotely will sink. In some categories, willing to spend a high proportion of The ability to follow trusted advisers, engendering confidence will be a critical their salary on key items, but do so such as celebrities, friends and brand attribute. Growth in China may judiciously. A 2009-10 study by Pao reviewers, allows for greater intimacy. depend on it. Principle, cited in Forbes Magazine, According to The Futures Company This is an extract from a Future Perspectives found that the average female Chinese data, 65% of Chinese internet users thought piece on China to be published at luxury consumer will spend roughly (versus a 21-market average of 48%) the end of September in the New Thinking section of our website 11% of her income on handbags alone.16 agree with the statement: “The internet www.thefuturescompany.com Taking advice from friends is seen as a helps me to connect with other like- way of improving the chance of success minded individuals” 17 We expect this . when making such a large purchase. figure to grow. Even for the purchase of smaller items, Finally, point-of-sale marketing is the dizzying pace of product launches successful because it acts as a proxy 15 Max Magni and Yuval Atsmon, ‘The Power of Word of Mouth in China’ Harvard Bus. Review, 30 April 2010. , McKinsey & Co., ‘China’s In-store Wars’ August 2010. 18 , 16 Forbes, ‘What Chinese Shoppers Want’, 8 March 2010. 17 Data from The Futures Company’s Global MONITOR 2011 survey © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 7. Issue 5 | September 2011 Page 7 The events of September 11 have had very 2002 2011 little effect on my day-to-day life Total Disagree 65% 47% Strongly Disagree 23% 14% Disagree 42% 33% Total Agree 35% 53% 9/11 ten years on Strongly Agree 5% 10% By J Walker Smith Agree 30% 43% Futurists and trends In our initial assessment in September the ideological spectrum foresaw a see it in the echo chambers of politics, analysts rarely get the 2001 assessment, we argued that 9/11 withering of cynicism, incivility and media and information that people now opportunity to go back and would have only a limited impact on lack of respect for authorities. This inhabit. We see it in the intensifying look at how they called the future. the American consumer marketplace. was perhaps post-9/11 punditry’s interest in localism from local foods to Usually, there’s too much else going Pundits were almost unanimous in biggest mistake. walk-able neighborhoods to craft beers declaring otherwise, yet our view is how to community banks to regional tourism. on which obscures the picture. things have turned out. It was apparent We see it in people coming together with But the tenth anniversary of 9/11 even then. communities and families for support in provides such an opportunity to “What has weakened their financial struggles. Intimacy is the In early 2001, well before 9/11, the look at how we did and how the since 9/11, is the belief elemental character of life as people decade evolved. overwhelming majority of American consumers were more interested that “all human beings look ahead. Shortly after 9/11, Yankelovich, now part in balance and time with family and are Americans under Our bottom line in September 2001 of The Futures Company, conducted community along with integrity was that 9/11 would contribute to the a teleconference open to all in which and authenticity. the skin.” direction of the future but would not we took stock and offered guidance The mainstreaming of affluence, wholly, or even mostly, set that direction. about the future. (That September 26 or trading up, was gathering This was because, as we said, in almost teleconference was later released as a momentum. We felt that nothing no time, 9/11 would lose its grip on white paper entitled, “Trying to Get Back about 9/11 would daunt it. In fact, Our forecast was an American people. This is also how things have to Business as Usual in Trying Times.”) it burst into the ensuing housing marketplace in which people would turned out. Of special interest are the half-dozen boom and accumulation frenzy of live in ever-tightening circles of close, As can be seen in the above table, in questions specially included in the the mid-2000s. intimate connections. This future is 2002, nearly two-thirds disagreed with first-quarter wave of the 2002 U.S. upon us. We see it in social networks, We said that paradox and irony the idea that 9/11 had “had very little Yankelovich MONITOR and asked again first to aggregate friends then to winnow were too deeply rooted to give way, effect” on their day-to-day lives. To in the 2011 third-quarter wave. them down into clutches of closeness. even to something as sobering as restate it in a more straightforward way, We see it in the booming happiness fad 9/11. By contrast, pundits across two in three felt that 9/11 had, indeed, for which relationships figure first. We © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 8. Issue 5 | September 2011 Page 8 NEWS affected their ordinary lives. But by 2011, 9/11 was losing its grip, with the majority now agreeing not disagreeing that 9/11 has “had very little effect” on their daily lives. Additionally, looking closely Our latest research on the future of at the distribution of agreement and health and wellness was recently featured in Marketing Week in the UK. [http://www. disagreement, a notable lessening of marketingweek.co.uk/analysis/features/ the intensity of feeling is apparent. brands-serve-up-a-personal-lifestyle- The real terror of the post-9/11world plan/3029178.article] was not apparent at the time. 9/11 Our Executive Chairman, J. Walker was simply the first thing out of Smith presented a paper on The Culture http://news.gmu.edu/articles/224 Pandora’s 21st century box. What has of Contentment: The New Context of Consumption at the CDC (Centers for Disease J Walker Smith is the Executive Chairman weakened since 9/11, to quote political of The Futures Company. Control and Prevention) National Conference philosopher John Gray, is the belief that on Health Communication, Marketing, and “Ten years ago, I stayed up all night with “all human beings are Americans under Media in Atlanta, GA. the newscaster Peter Jennings. The entire the skin.” 9/11 was the strike against The IIPS, The Futures Company’s public night after 9/11 the ABC cameras were that presumption that legitimized a services insight thinktank presents its pointed straight down at the wreckage of new context for debate. Everything fifth annual review of values, attitudes and the World Trade Center towers. Floodlights that followed, much of which was aspirations of the British public. What the lit the devastation in an unearthly glare immediately recognizable as utterly Citizen Wants: Beyond the Big Society takes as smoke seeped up through the tangled venal, was seen in a different light, one place in London on 27 September and will girders and emergency responders that brought out the shortcomings unveil new research on attitudes to community engagement. For info and invites, please searched furiously for survivors. Only of the established order as much contact karen.kidson@thefuturescompany.com days later did I begin to emerge from the as the malevolence of the events or Futures Company Director Andrew Curry Source: Kinetic shock to see that the pall over me was perpetrators themselves. spoke at the launch of Kinetic’s report casting a dark shadow over everyone In the decade since 9/11, the post-WW2 on the future of out-of-home advertising, else, too, especially the clients of our firm, world order has lost its moral authority. “On The Threshold of Change” [http:// . many of whom had been immobilized www.kineticww.com/en-GB/home/ That world of assurance has collapsed by the events of 9/11. So, partly for our what-are-we-thinking/moving-minds/ into a world of volatility. benefit and partly for the benefit of others, environmenstinsight/11-07-06/The_future_ The world order which is now emerging we conducted a teleconference later in of_Out_of_Home_media_in_the_UK_to_2020. is still coalescing. But already we know aspx]. Andrew’s presentation looked at the September to offer thoughts about a way enough about it to know that it requires technology context of 2020. He described follow us on forward through the trauma of that day. With the tenth anniversary of 9/11 at hand, new rules and new assumptions. a world in which consumers’ portable and locatable devices communicated with a smart twitter it is useful to revisit our perspective of the This article is based on our Future city which was both a platform for competing @futuresco moment and assess whether our counsel Perspectives thought piece Looking Back to technologies and in which data was open Look Ahead: A Ten-Year Update on 9/11 recently looks wise in retrospect. We can do a and hackable. published in the New Thinking section of our better job of looking ahead by learning website. from looking back.” © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 9. Issue 5 | September 2011 Page 9 Reimagining social networks By Alex Steer There’s a moment in the ‘People want to go on the internet and were systems like Usenet for online would transform social networking. To film The Social Network check out their friends. Why not build discussion with strangers, and instant some extent they have: many of the when the Mark Zuckerberg a website that offers that? Friends, messaging for online discussion with changes over the last decade have character realizes what pictures, profiles, whatever. You can friends. But there was nothing quite been technology-driven. But what’s his new website, ‘The visit, browse around, maybe it’s like the ‘find-and-friend’ model that often missing is the simple, human somebody you just met at a party. Facebook made famous. The scene in question: how do we want to interact Facebook’, is really I’m not talking about a dating site. the film transports us back to social online, and how is this changing? all about I’m talking about taking the entire networking’s Big Bang – the revelation Our work on the future of social social experience of college and that what people want to do online is networking starts with the conviction putting it online.’ to interact in a certain way. that the future of social networking will In Aaron Sorkin’s screenplay, that Fast forward to the present, and be shaped less by technology change, moment is so powerful because it it’s a shame that so much of the and more by understanding how takes us back to a time, less than conversation around the future people’s online interaction choices ten years ago, when social networks of social networking focuses on are changing, and reimagining social barely existed. There was MySpace, technology. In the last few years networks and social media content to of course, which at its height counted we’ve heard that real-time access, meet those changing needs. one in four people in the US in its mobile apps, geolocation, near-field active membership; and there communication and other innovations © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 10. Issue 5 | September 2011 Page 10 Global Streetscapes are our eyes and ears on the streets of cities around the world: a network We have identified six critical Each of these choices involves a of culturally connected individuals in over 40 countries and 60 cities capture new examples of emerging and evolving trends and innovations. This source of continually updated observational decisions – known as Pivot Points trade-off. For example, the issue of insight and local intelligence provides a straightforward way of connecting to product and service – that consumers are making now, online privacy is clearly a rising point innovation and examples of consumer and brand behaviour. that will shape the social networks of consumer concern right now. Taken Cycle-in-Cinema Screenings, UK of the future, and the media to its extreme, a concern for online A new form of pedal powered cinema screenings have been popping landscape for businesses, brands privacy would mean abandoning up around London in 2011, where consumers take in their bicycles, and marketers. In brief, these are: networks entirely – but there is no sign hook them up to a dynamo which acts as the energy source for that most consumers are interested 1 Scale. Will we want the scale the movie screening. Promoted and organised by a not-for-profit in this nuclear option. We use a simple education project called Magnificent Revolution, the screenings are benefits of large networks “Four Cs” model to explain why people held in public places and arranged through social media callouts. The screenings are getting popular (a so-called Big Net future), or the find value in online interaction – it not only with bicycle and green enthusiasts, but also with those who are looking for a fun way to spend intimacy benefits of small ones lets them communicate, collaborate, their evenings in a exciting social environment. The idea has gained positive coverage in the press, (a Tight Knit future)? as the Evening Standard noted in August that ‘With their relaxed bring-your-own booze, picnic-style 2 Privacy. Will we value atmosphere, pop-up cycle cinemas have been a hit all over the capital this summer’ . convenience of use and access (Open Hand), or safeguards on “Much of the Using social media to track illness, Brazil As the number of social media users grows across the world our private data (Closed Fist)? conversation around the data generated is increasingly being used to track infectious 3 Specificity. Will we want to the future of social diseases in the population. According to an article in the New spend time on a few networks Scientist in July 2011, Twitter status updates are being used to track (One for All), or divide time networking focuses on the growth of dengue fever in Brazil enabling better deployment between many (One for Each)? technology.” of medical services to control the outbreak. The article also notes that while social media and web behaviour has been used previously for generic surveillance of global pandemics, the research in 4 Pervasiveness. Will we want to Brazil has been the first to collect data at a local city level. Similar to this are more consumer centric be ‘always on’ (Turn On), or to mobile apps like the Swedish Myggrapporten, which highlights mosquito activity by tapping into access our networks only when the geo-tagged status updates of consumers around world and the website Sickweather, which we need to (Tune Out)? create/curate and consult together, aggregates sickness mentions from across social media networks and overlays this information on and as long as these needs exist, and real time maps to better inform consumers 5 Utility. Will we see our networks are met, online social networks have more as entertainment (Play), or Recycling used cooking oil, Spain a future. But will privacy concern pull The Barcelona City Council has started distributing containers to households to as utilities (Plug)? us towards a Closed Fist future, or will make the recycling of used cooking oil more convenient. The Olipot campaign was 6 Worldview. Will we want our desire for ease of access (and our launched in February 2011. The free Olipot can be obtained at the local Punto networks to reinforce our habits dislike of remembering passwords) Verde, a network of public recycle points around town, that are called ‘Green (Confirm), or to challenge our bring us back towards an Open Hand Points’ Consumers are encouraged to collect used cooking oil in the handy . preconceptions (Challenge)? future in the end? containers instead of dumping them into the drain which can pollute the water system. The Olipots can then be taken to the local recycling center that recycles There will be no single answer to these the cooking oil in a eco friendly way. questions. Social networks will evolve in different ways in response to the This is aimed at getting consumers do their little bit for the environment in their everyday activities. particular needs of particular groups of The Olipot initiative has received positive mentions and consumer interest is growing with reports consumers. Using our Pivot Points indicating that the recycling centres ran out of the stocks for the Olipot as early as March 2011. © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 11. Issue 5 | September 2011 Page 11 framework helps businesses, brands From the Blog Alex Steer “What does and marketers imagine different Facebook have to possible futures, understand the do with medieval decisions their consumers are making, My Millennial generation: monks? Well, and decide how to act. Lawrence Wykes writes Facebook originated “The question of whether the Millennials are a coherent cohort Looking back at Facebook, we can see as a way of enabling is still open – the data has never quite added up. And our recent that from the beginning it’s relied on gossip and interaction between US Ivy analysis, based on our Global Monitor data, suggests that as people making certain choices about a group the Millennials are a fragmented cohort, refracted by League college students, starting at Harvard. how they want to interact. It depends technology. ... Millennials look like a generation to researchers Harvard, of course, was founded in 1636 and on scale, openness, ubiquity (we’d say because there is a social-technology breakpoint between their modelled after the Universities of Cambridge it’s Big Net, Open Hand, One for All), cohort and all previous generations. But, in terms of social analysis, defining a group by technology and Oxford; and these, with their thirteenth- and on people’s desire to spend more – rather than their underlying attitudes and values – has problems. century origins, were based on an ideal of their online time socializing and Read more: http://blog.thefuturescompany.com/2011/08/11/my-millennial-generation/ established by England’s great religious houses, the monasteries. The scholars of getting content and recommendations Oxford and Cambridge (and by extension filtered by their social graphs (Turn Piercing the Shard: the Ivy League universities where Facebook On, Play, Confirm). Mark Zuckerberg’s Andrew Curry writes was incubated) took as their inspiration vision of a network for people who “The Shard is inescapable from our London office. The city’s the monastic ideal: a group of people living want to ‘go on the internet and check soon-to-be tallest building, a piece of concept architecture together, in close quarters, sharing out their friends’ has gone global. by Renzo Piano, can be seen from our office windows and most of the approaches to the office. Size matters. As the everything, trading knowledge, having But just like MySpace’s idea of a economist Andrew Lawrence has demonstrated with his few secrets from each other. completely open, highly customizable Skyscraper Index, announcements of buildings billed as “Ring any bells? Underpinning Facebook, network, today’s leading networks will the tallest are an unerring leading indicator of the top of the still, is an undergraduate culture - and find themselves at risk if they don’t market, that boom is about to go bust.” underpinning that is a monastic culture. Little anticipate – and adapt to – people’s Read more: http://blog.thefuturescompany. com/2011/07/19/piercing-the-shard/ wonder the network still struggles with the changing interaction choices. In the idea of privacy. I’m a medievalist by training, end, technologies create possibilities, and in Facebook’s wrangles and mis-steps but our decisions shape the future. From Cash to Commitment: over privacy I pick up echoes of the intimate, Amy Tomkins writes gossipy world of the monasteries. We still A longer version of this work can be found “Hermione Taylor’s new sponsorship site The DoNation seeks tend to treat Facebook as a guide to the on our blog, in the week starting 1 August to replace cash with action and help people inspire their future of social networking - but the social 2011. It has also been published as a booklet friends to live more sustainably. By harnessing the social in the New Thinking section of our website. and viral nature of sponsorship, The DoNation encourages model that underpins it is centuries old. As we developed the Pivot Points framework, I had people to engage with environmental issues and take action to change their behaviour. This changes the traditional to shake myself and realize I’d grown up with sponsorship model and makes the whole transaction more a model of social networking that’s essentially direct and efficient. medieval. Is it really that surprising that as it Read more: http://blog.thefuturescompany.com/2011/08/19/from-cash-to-commitment/ spreads, the idea of the network might change quite radically?” © The Futures Company 2011. FutureProof is published by The Futures Company at 6 More London Place, Tooley Street, London SE1 2QY. Copying, redistribution and display is permitted under a Creative Commons licence for non-commercial purposes, provided articles are properly attributed. Please notify us of any such re-use by emailing futureproof@thefuturescompany.com
  • 12. To subscribe to FutureProof please Editor: Andrew Curry visit http://www.thefuturescompany.com/page/FutureProof/ Production: Karen Kidson Comments, feedback and requests to unsubscribe should be sent to futureproof@thefuturescompany.com Design: Alake Riley