“Start with the small stuff, Honda”

Put it this way, there’s no way I’m in a position to buy a brand new car, and won’t be for some considerable time, yet Honda still deemed me an appropriate target for a significantly-sized mail-out telling me about their green initiatives and eco-friendly range of sensible cars.

Indeed I have been looking at cars recently, but second-hand, immature cars with big engines — no idea how Honda knew I was in the market for one, but they need to look at green marketing before they expend so much on green engineering!
The mail-out (pictured) was of substantial weight and quantity, and was made of quite a thick paper. Suffice to say, it’s of no use to me, and so will go straight into recycling (after ogling the Type-R!).

My point?
Surely their endless investment in efficient engines is totally undermined if they are completely inept at targeting their direct marketing properly. All that waste paper and resources comes at huge carbon cost — more, I bet, than they can ever hope to offset with their ‘eco’ engines.

Something tells me that their ‘eco’ image is only skin-deep, and does not apply to their fundamental business processes.

Start with the small stuff, Honda, if you want to be a ‘green’ company.

I’m now going to recycle this.

Is he telling us everything?

Derren has clearly been reading his Surowiecki, and I was interested to see this concept being explained and being publicly demonstrated. I do love these crazy economic theories!
This one is the theory that if a sufficiently diverse and (crucially) independant group of people are asked to make decisions or guesses on problems, the average outcome will be more-or-less intellectually superior to an isolated individual, even an expert.
Even Derren’s initial explanation of the concept drew upon the example taken from the introduction of this book; the example of the average guess of a ‘guess the weight of the ox’ contest at a fayre in 1906. Scientist, Francis Galton conducted statistical tests on all the entries in order to determine the ‘collective wisdom’ of the crowd. Many of these punters were farmers and so could be considered relative ‘experts’ in this game. Of course, there were many others who were ‘ignorant’ and had no insider knowledge. As you’d now expect, after the ox was weighed, sure enough, the crowd as a collective guessed virtually perfectly.

Fine — that’s logical you may expect. Indeed, the Wisdom of Crowds does work; it’s the reason Google works so well, and can pull up the most relevant result first time, and it’s also why you find exactly what you want in stock at the supermarket.

All this sounds fine on the face of it — why can’t you use the wisdom of a crowd to predict lottery numbers? It works in other areas of our life. But my point here is that I think Brown has mis-applied this awesome economic dynamic and taken it out of context to suit his own ends. Without venturing into philosophy (about which my knowledge is almost exactly zero) essentially, I’m questioning the realist epistemological outlook of Mr Brown. What do I mean? Well the wisdom of crowds works well when there is a ‘truth out there’; a pre-existing answer which can be guessed, however [un]intelligently. The weight of the ox for example was not ‘random’ and the answer already existed.
How, then, can this be applied to a yet-to-be-determined sequence of numbers — there is no objective answer which can be tapped into in ANY way prior to the random drawing of the numbers. The weight of the ox had an objective truth, as does the optimal page-ranking sequence of Google, it still has an optimal state which could be known given the right methods.

Derren’s positions appears to be partially that of an empirical realist, that is, one which belives that complex reality can be understood, “but fails to recognise [the] enduring structures and generative mechanisms producing observable phonomena” (Bryman & Bell 2007:18), ie. Derren has failed to recognise that there are forces YET to decide the outcome of the numbers. They are totally independant of the mind of the crowd.

I feel the method employed by Derren is thus incompatiblewith the objective fact that the lottery balls remained un-knowable until the draw and remained subject to deterministic forces until such time; we are forced to conclude that he is not telling us everything and must have been up to something else.

For a start, even if his sample ‘crowd’ were impartial and not plants, they couldn’t have been totally objective and free in thought, because they were gathered multiple times and socialised with each other too much; a condition corrosive to pure independence and diversity of mind (Surowiecki 2005:38) where groups fall into ‘groupthink’ where they increasingly make decisions based on influence of each other and are thus LESS accurate.

Also, I was somewhat less confident in their being genuine at all! Their remarks at the end of the experiment were vague and seemed a little forced and detached. These people just weren’t convincing.
I don’t claim to know much about behavioural economics or philosophy for that matter and to be honest, this probably won’t make sense, but from what I know about the Wisdom of Crowds, this experiment just didn’t sit right. But he’s only an entertainer and an illusionist anyway, right!?

The case of downloaded music making huge inroads to the profitability of the music industry is a clear case in point of what Levitt (1960) talked about decades ago in the now iconic ‘Marketing Myopia’ paper. This is my favourite paper of all time.
The music industry is a classic example of Levitt’s prophecy when he talked about ‘Myopia‘ of companies who become complacent with their dominant position.
They assume that they’ll always be in a growth market and then, inevitably, strategic drift occurs; and this has occurred profoundly with the music industry.

The new on-line environment has changed such that it no longer supports the delivery model of music.But these technological changes — and the subsequent changes in the paradigm of consumer consciousness — occur in most industries, and it’s up to all firms and industries to pre-empt this, even instigate it, one might say. Companies should not be thinking in terms of making and selling products to a static market, rather in terms of buying customers; ie. innovating and adjusting the product in line with the actual needs. Almost to make promotional marketing obsolete if you will (as per the topic of my most recent essay), but that’s another matter.
The business model of the music industry has caused complacency and has totally ignored (until too late) the huge trend of file-sharing. Of course music was going to go digital! Did the music industry think it was immune to the impending messiah of the internet?

The music industry is a case in point, and it hasn’t rolled with the punches; it’s still clinging relentlessly and noisily to the old delivery model without innovating its way out of it. And now look – it’s too late!

Sure, there’s been a much higher profile and availability of legal downloads now, but it’s all come too late and with too little added-value; after all, they’re now competing with the pricing model of ‘free’.
A whole generation of music-fans have now grown up on the assumption that music is commodity and only very recently have legal downloads become widespread and more accessible. Commoditisation is something which again can threaten most products, especially those which are easily transferred and replicated digitally, like MUSIC!

Spotify is certainly one way the music industry can give the consumers what they want, while still monetising their product, but as was said in the Economist article, it’s only part of the solution.
If we go back to what Levitt said 50 years ago in that paper, companies need to seek to bring about their own obsolescence essentially, otherwise competitors will do it for you, and you’re done for!
“…there is no guarantee against product obsolescence. If a company’s own research does not make it obsolete, another’s will”.
Did the music industry always just assume it wouldn’t come under threat, and that their product would never become a commodity? Dream on.

Digital cheese anyone?

Gimme a job Al’ me’ ol’ mate.

“You people really seem to be very misguided and hysterical. You’ve clearly been reading mornic news publications.
Your premise appears to be that if you don’t use the BBC, why should you pay? That’s ridiculous, considering that there are upwards of 400,000 members of this group – and not one of them uses the BBC? Rubbish!

I bet all of them rely (even enjoy?) the services of the BBC on a daily basis; I know I do and I think the TV License is one of the last remaining bargains ever!

Just think of all the content the BBC deliver, essentially for a very low price! All the radio stations covering all possible topics and music genres, new product development and innovation (iPlayer), their huge information repository that is their web site, the TV stations (with some gems such as David Attenborough, Top Gear, iconic comedy shows, News 24 etc), podcasts and lots more I’ve left out.
You’re all just being hysterical like the rest of the Daily Mail-reading middle England.
Appreciate what the BBC has done for broadcasting and the media reputation of this country and for your life!
The BBC are even shortly going to be pioneering High Def on-demand streaming with the iPlayer – and I bet most of the 400,000 members will be looking at that, while still moaning about the low price charged for it.
Get it into perspective!!”

Needless to say my posting was met with passionate opposition from them with stories of the BBC’s bullish, draconican fee collection methods, but it was worth a shout to show them the voice of reason.

Anyway, they liked it in the end and I think we have agood mark if our feedback was anything to go by – they really liked it.  If only we’d used some pictures! We dressed up and everything, and I wore my Serif Technical Support tie (it’s just my favourite tie and holds sentimental value) which I hoped would afford me confidence;  there’s literally not a day goes by I don’t think about that place, like a girlfriend you never get over.

The Presentation Groups

I’m often moaning about lack of participation in group work and unequal effort by certain parties, and I was glad on this occasion to be handed the opportunity to ‘fight back’ and show up such incompetence. One of the groups was presenting similar material to what I covered in some depth but the person ‘discussing’ it blatently did not do the work and was just reading off the slide. Well, I was not having this, given all my hard work in understanding the concept — I was not prepared to let this guy go unquestioned, so I did just that. I asked him for what purpose consumers use Extrinsic and Intrinsic product signals and what are they. The answer I was looking for (and he should have known) was evaluation, but he babbled some unintelligable nonsense.

It was a small, quiet victory for me, but I hope I illustrated my point to the tutors marking.

Afterwards a bunch of us went for a (genuine) Chinese buffet which included but not limited to chips and swiss roll. The nerve-wracking day turned into a memorable experience during which interesting conversation proliferated, thanks in part to a certain french colleague’s extreme views on the New World Order.

What the hell’s going on with the formally-great iPlayer recently? I have recently been very dissapointed with the BBC’s output. It’s the only television I consume and I’m now confined to watching the occasional episode of BBC Click, for lack of any other quality programming from this institution in recent months…which we pay for!! Surely the BBC shouldn’t be effected by the credit crunch and resort to cheap programming.

All the Beeb’s best programmes have ceased — Top Gear, Mock the Week, Buzzocks, HIGNFY, Charlie Brooker and anything else of comedy or intellectual value (with the possible exception of QI). I can see that they are likely going to resume the former quality in the spring or summer, but why do they insist on having half a year of crappy programming?

Sort it out…I’m sure I’m not alone in my frustration.

Maybe I should get a TV in here.