mitex pine
TRANSCRIPT
© 2009 Strategic Horizons LLP
B. Joseph Pine IIStrategic Horizons LLP
13 High Point Road
Dellwood, MN 55110 USA
+1 (651) 653-6850
www.StrategicHorizons.com
B. Joseph Pine IIStrategic Horizons LLP
13 High Point Road
Dellwood, MN 55110 USA
+1 (651) 653-6850
www.StrategicHorizons.com
Retailing & the Experience Economy
Retailing & the Experience Economy
CBW-MITEXOctober 12, 2009
CBW-MITEXOctober 12, 2009
DeliverDeliver
ServicesServices
MakeMake
GoodsGoods
CommoditiesCommodities
ExtractExtract
The Progression of Economic ValueThe Progression of Economic Value
Commoditization
StageStage
ExperiencesExperiences
Commoditization
© 1999 Strategic Horizons LLP
MakeMake
StageStage
ExperiencesExperiences
ServicesServices
GoodsGoods
CommoditiesCommodities
ExtractExtract
DeliverDeliver
The Progression of Economic ValueThe Progression of Economic Value
Commoditization
Commoditization
© 1999 Strategic Horizons LLP
Commodities
Experiences
Services
Goods
The Coffee ProgressionThe Coffee Progression
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
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
© 2007 Strategic Horizons LLP© 2007 Strategic Horizons LLP
AuthenticityAuthenticity
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
© 2007 Strategic Horizons LLP© 2007 Strategic Horizons LLP
AuthenticityAuthenticity
© 2007 Strategic Horizons LLP© 2007 Strategic Horizons LLP
InauthenticityInauthenticity
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
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
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
= Origin + History = Origin + History HeritageHeritage
Being True to Self
© 2007 Strategic Horizons LLP
= Venue + Event = Venue + Event PlacePlace
Being What It Says It Is
© 2007 Strategic Horizons LLP
DeliverDeliver
ServicesServices
MakeMake
GoodsGoods
CommoditiesCommodities
ExtractExtract
The Progression of Economic ValueThe Progression of Economic Value
Commoditization
StageStage
ExperiencesExperiences
Commoditization
© 1999 Strategic Horizons LLP
B. Joseph Pine IIStrategic Horizons LLP
13 High Point Road
Dellwood, MN 55110 USA
+1 (651) 653-6850
www.StrategicHorizons.com
B. Joseph Pine IIStrategic Horizons LLP
13 High Point Road
Dellwood, MN 55110 USA
+1 (651) 653-6850
www.StrategicHorizons.com© 2009 Strategic Horizons LLP
Retailing & the Experience Economy
Retailing & the Experience Economy
mitexOctober 12, 2009
mitexOctober 12, 2009