The WPP-owned strategic marketing consultancy Added Value has revealed its fourth annual study US Cultural Traction™ that measures «cultural […]
Author: Popsop Staff
This month the management consulting company McKinsey has revealed the results of a study on the impact of co-creation—a phenomenon of modern marketing, when a company engages external parties—most often, customers—into its creative processes online. Interestingly, the research has showed that co-creation increases the chances of success of a new product innovation by as little as 4% on average. However, it may have some positive side-effects, such as reduction of costs on market research and increase in customer loyalty.
The global brand experience agency Jack Morton has analysed some obvious consumer trends, such as «Internet of things,» boom of wearable devices or rise on concerns about social responsibility, to reveal what people (often refereed to as consumers in the world of marketers) really think, feel and want.
The WPP-owned media measurement and management arm GroupM has recently published a UK-specific report on the dynamics of advertising spending across all media in 2014-2015 years. The company predicts that this year the ad spending will show a 6.3% increase in the face of a slightly lower global figure of 4.5%. This is the fastest growth of ad market among all the researched developed economies. In terms of financial value, the ad spending will account for a total of £14.9 billion ($23.3 billion) in 2014, and £15.7 billion ($24.5 billion) in 2015.