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© 2009 Strategic Horizons LLP B. Joseph Pine II Strategic Horizons LLP 13 High Point Road Dellwood, MN 55110 USA +1 (651) 653-6850 [email protected] www.StrategicHorizons.com Retailing & the Experience Economy CBW-MITEX October 12, 2009

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Page 1: Mitex Pine

© 2009 Strategic Horizons LLP

B. Joseph Pine IIStrategic Horizons LLP

13 High Point Road

Dellwood, MN 55110 USA

+1 (651) 653-6850

[email protected]

www.StrategicHorizons.com

B. Joseph Pine IIStrategic Horizons LLP

13 High Point Road

Dellwood, MN 55110 USA

+1 (651) 653-6850

[email protected]

www.StrategicHorizons.com

Retailing & the Experience Economy

Retailing & the Experience Economy

CBW-MITEXOctober 12, 2009

CBW-MITEXOctober 12, 2009

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DeliverDeliver

ServicesServices

MakeMake

GoodsGoods

CommoditiesCommodities

ExtractExtract

The Progression of Economic ValueThe Progression of Economic Value

Commoditization

StageStage

ExperiencesExperiences

Commoditization

© 1999 Strategic Horizons LLP

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MakeMake

StageStage

ExperiencesExperiences

ServicesServices

GoodsGoods

CommoditiesCommodities

ExtractExtract

DeliverDeliver

The Progression of Economic ValueThe Progression of Economic Value

Commoditization

Commoditization

© 1999 Strategic Horizons LLP

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Commodities

Experiences

Services

Goods

The Coffee ProgressionThe Coffee Progression

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Competing Against the WorldCompeting Against the WorldCompeting Against the WorldCompeting Against the World

© 2006 Strategic Horizons LLP© 2006 Strategic Horizons LLP

TimeTime

AttentionAttention

MoneyMoney

: Limited: Limited

: Scarce: Scarce

: Consumable: Consumable

The ExperienceThe ExperienceISIS

the Marketingthe Marketing

The ExperienceThe ExperienceISIS

the Marketingthe Marketing

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Give workers roles to play Characterize those roles

• Names• Scripts• Costumes• Body language• Props

Act with intention Enact dramatic structure

Give workers roles to play Characterize those roles

• Names• Scripts• Costumes• Body language• Props

Act with intention Enact dramatic structure

Principles of Acting

© 2007 Strategic Horizons LLP

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© 2007 Strategic Horizons LLP© 2007 Strategic Horizons LLP

AuthenticityAuthenticity

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CommoditiesCommodities

ServicesServices

GoodsGoods

ExperiencesExperiences

EconomicEconomicOutputOutput

BusinessBusinessImperativeImperative

SupplySupply

ConsumerConsumerSensibilitySensibility

ControlControl

ImprovImprovee

RendeRenderr

AvailabilitAvailabilityy

CostCost

QualityQuality

AuthenticAuthenticityity

© 2007 Strategic Horizons LLP© 2007 Strategic Horizons LLP

Economic ChangesEconomic ChangesEconomic ChangesEconomic Changes

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© 2007 Strategic Horizons LLP© 2007 Strategic Horizons LLP

AuthenticityAuthenticity

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© 2007 Strategic Horizons LLP© 2007 Strategic Horizons LLP

InauthenticityInauthenticity

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say you’re authenticsay you’re authentic

be authenticbe authentic

say you’re authenticsay you’re authentic

• If you are authentic, you don’t If you are authentic, you don’t have tohave to

• If you say you’re authentic, you If you say you’re authentic, you betterbetter

• It’s easier to be authentic, if you It’s easier to be authentic, if you don’tdon’t

Three Rules to Do Business ByThree Rules to Do Business ByThree Rules to Do Business ByThree Rules to Do Business By

© 2007 Strategic Horizons LLP© 2007 Strategic Horizons LLP

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This above all,—to thine own self This above all,—to thine own self be true;be true;And it must follow, as the night the And it must follow, as the night the day,day,Thou canst not then be false to any Thou canst not then be false to any man.man.

--PoloniusPolonius

William Shakespeare, Hamlet, Prince of Denmark, Act I, Scene 3, lines 80-82.William Shakespeare, Hamlet, Prince of Denmark, Act I, Scene 3, lines 80-82.

The Polonius TestThe Polonius TestThe Polonius TestThe Polonius Test

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IS what it IS what it says it issays it is

Real-realReal-real

Fake-fakeFake-fake

Real-fakeReal-fake

Fake-realFake-realIs NOT Is NOT what it what it

says it issays it is

Is NOT Is NOT true to true to itselfitself

IS true IS true to itselfto itself

Rendering AuthenticityRendering AuthenticityRendering AuthenticityRendering Authenticity

© 2007 Strategic Horizons LLP© 2007 Strategic Horizons LLP

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= Origin + History = Origin + History HeritageHeritage

Being True to Self

© 2007 Strategic Horizons LLP

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= Venue + Event = Venue + Event PlacePlace

Being What It Says It Is

© 2007 Strategic Horizons LLP

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DeliverDeliver

ServicesServices

MakeMake

GoodsGoods

CommoditiesCommodities

ExtractExtract

The Progression of Economic ValueThe Progression of Economic Value

Commoditization

StageStage

ExperiencesExperiences

Commoditization

© 1999 Strategic Horizons LLP

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B. Joseph Pine IIStrategic Horizons LLP

13 High Point Road

Dellwood, MN 55110 USA

+1 (651) 653-6850

[email protected]

www.StrategicHorizons.com

B. Joseph Pine IIStrategic Horizons LLP

13 High Point Road

Dellwood, MN 55110 USA

+1 (651) 653-6850

[email protected]

www.StrategicHorizons.com© 2009 Strategic Horizons LLP

Retailing & the Experience Economy

Retailing & the Experience Economy

mitexOctober 12, 2009

mitexOctober 12, 2009