Event Shock

Brace yourself for Event Shock.

Working with event organizers, as my business partner and I do, I feel their anxiety.

They're constantly worried there's a glut of events. ("With so many events competing for audiences' time, will they pick ours?")

But we've entered uncharted territory.

Organizers once had to contend only with competing organizers.

Now they have to compete with every marketer.

This thought struck me when I received an email today from my neighborhood hardware store promoting an in-store educational event.

Marketers—even the one who works for my local hardware store—have learned that, if they want to seduce customers, sales pitches and discounts are no longer enough. 

They have to deliver educational content.

And their efforts are increasing the volume of events—exponentially.

You thought there was a surplus of events before?

That was nothing compared to the innumerable iterations we're going to experience at marketers' hands in the coming years.

Event marketing has become the new content marketing. 

The event-flood may not rise to the same water-level, because marketers can't outsource events to India, like they can content; but it will feel like it.

The sheer volume of events will be unprecedented.

And overwhelming.

Event Shock is here.

HAT TIP to Mark Schaefer, who coined Content Shock to describe the "tremor" felt when content supply overwhelms content demand.

Artificial Intelligence: Now It's Personal

As the result of a podcast by consultant Mark Scheafer, The New Marketing Career, I'm inspired to deep-dive into the subject of Artificial Intelligence.

You might consider doing so, too.

AI is marketing's next big thing.

Experts insist AI won't make every marketing professional obsolete—not soon, anyway.

But my brief look into AI has already persuaded me otherwise.

London startup Phrasee, for example, is harnessing AI "to write better email marketing language than humans."

If accurate, that's bad news for copywriters.

Phrasee uses algorithms to generate "human-sounding, machine-optimized email marketing language that gets you more opens, clicks and conversions," the company's website claims.

Phrasee's software outperforms human copywriters because it evaluates "hundreds of emotions, sentiments and phrases" before recommending a line.

Human copywriters, if they could wade through hundreds of emotions, sentiments and phrases without soon falling asleep, couldn't assess them—unless they were wizards at Bayesian statistics (the algorithms' secret sauce). 

I don't know any who are.

If Phrasee's algorithms indeed outperform the human copywriters—and I have no reason to doubt they do—it's due to a computer's capacity to scrutinize vast piles of data.

There's at least some consolation in that for an obsolete copywriter. 

Scrutinize stems from the Latin scrutor, meaning "to search through trash."

I'd rather practice old-fashioned wordsmithery and leave the trash-sorting to the computers.

Square Pegs

Corporate cultures, by definition, restrict behavior. 

A few lucky workers find a corporate culture they can willingly conform to. The rest check their real selves at the door. 

But sooner or later (usually sooner) these misfits get detected and are forced out.

Severance is particularly grave for workers over 40, who are cursed by their age with experience.

Employers prefer inexperienced 20-year-old workers over 40-60 year-old ones, not only because they're less costly, but because they're more malleable.

Experience shapes you, robbing employers of the opportunity to do so.

Is Silence Golden?

Under attack, corporations used to hunker down.

Herbert Schmertz changed that.

Schmertz, who died last week at 87, as head of PR at Mobil in the 1970s pioneered use of the "advertorial” to confront critics of the company.

He bought space on the op-ed page of major dailies like The New York Times and used it to publish essays expressing his company's viewpoint.

Many of his peers said Schmertz took unnecessary risks by combating critics. 

Critics, they insisted, are best ignored; eventually, they go away; and, in the meantime, media reporting of their positions can be influenced privately.

But is silence golden?

No company wants to go on record at the risk of losing business. A slip can tarnish a reputation in an instant; customers sympathetic with critics' views can be alienated; and arguing in public can make management look callous.

But the lessons of PR failures today are plentiful. They teach that “no comment,” while a company's knee-jerk response to critics, isn't always the safe course.

Beat the Clock

If you don't think your performance is sharply rhythmic throughout the day—or that timing matters—consider the results of 26,000 corporate earnings calls.

Regardless of earnings and management's outlook—rosy or bleak—when CEOs conducted the calls in the early morning, their tone was positive; but as morning progressed, their tone grew less so. Calls held around noon were again upbeat; but as the afternoon unwound, until the market's closing bell, the tone went steadily downhill.

The time of the earnings calls and the CEOs' tone affected investors' reactions and companies' share prices. CEOs who held earnings calls late in the day saw shares in their companies underpriced—at least temporarily.

It appears CEOs are "morning people." About seven of 10 people are.

Managing your internal clock for performance is the point of Dan Pink's new book, When: The Scientific Secrets of Perfect Timing.

In When, Pink parses nearly 300 scientific studies (like the one about the earnings calls) and distills the findings into a long list of action items. He lists the items after each successive chapter in a "Time Hacker's Handbook" meant "to help put the insights into action." 

You can skip the science and only read the handbook, if you just want to improve performance. 

But that would take all the fun out of it. 

Pink is a delight to read (I like to read his books twice, because there's so much good stuff packed into them). He can popularize dreary science findings better than most business writers, and generally finds a practical lesson for the layperson in even the obscurest of research papers.