by Dan Woychick
I was recently asked for guidance from a communications professional whose new boss wanted a report on their advertising’s return on investment (ROI). Panic ensued.
I can understand the panic, as it sounds a little like a Dilbert comic strip after the pointy-haired boss has returned from a conference with a new buzzword. This is not meant to deny the importance of spending ad dollars wisely, or tracking the effectiveness of your marketing efforts, but trying to construct a meaningful ROI report retroactively is folly.
What can be measured?
Everything. Anything. Just because it’s difficult to find meaningful numbers to attach to an enterprise doesn’t mean people won’t keep trying. Data allows us to rationalize our actions. And it’s widely accepted that reason is more reliable than emotion or feelings. But is it?
Across the corporate and non-profit landscape, quality improvement efforts are stuck in the factory mentality of the Industrial Age. If only things are well-measured, the thinking goes, we’ll produce better widgets, graduates or advertising.
Our brains are wired to overestimate the likelihood that our future will look a lot like our past. This influences everything we do, placing great importance on data – essentially, history quantified. Unfortunately, our high tech world’s rapid pace of change virtually guarantees that the future we imagine is an illusion.
Learning to anticipate
Wayne Gretzky, the hockey legend, consistently outfoxed bigger and faster competition by passing to spots where a teammate was going to be. How did he always seem to magically be one step ahead of everyone else?
Undoubtedly, through hours of practice on his backyard ice rink, he acquired lots of data. But many players practice a lot. It may be precisely because of Gretzky’s disadvantages that he discovered an unexpected competitive advantage. He could sense, or feel, the play developing, and learned to see risks worth taking.
Risk aversion is human nature, but it blinds us to opportunities as well as threats. In marketing your organization, common assumptions about what the future holds (influenced by those ROI reports) create an artificially narrow set of choices.
To expand your vision, you need to recognize and resist the herd mentality. In your market, or with your audience, what is least likely to happen? Learning to see into your blind spots – exploring unexpected territory – allows you to anticipate the opportunities that others miss.