Filed under: Advertising, Digital culture, banking | Tags: citibank, generation forward, MySpace
Citibank recently launched a new credit card in partnership with MySpace targeted at young adults which it terms “Generation Forward”. It’s launched a sexy ad talking bout this generation, offering some reward type arrangements for good behaviour and offers an interest rate reduction for paying on time.
The idea has been slated by many already as an empty promotion that not only offers a complete firfy if you read the fine print, but that the “generation forward” positioning is actually at odds (in philosophy) from how Citibank itself operates.
The idea of a bank rewarding younger people for responsible repayments is a nice one. The idea of putting a line in the financial sand between the generations which caused the financial crisis and the new generations coming up the line is also a nice one. All in all it seems to be another marketing program that didn’t quite hit the mark due to it’s inability to deliver any real change beyond a sexy campaign.
On the banking scene,I wonder if anyone will build on the idea and do it for real? I wonder if a bank could actually take the positioning and deliver on real savings for younger people as a loyalty exercise? If they could find more innovative ways to provide value and earn more coin for themselves, whilst providing a genuinely responsible and transparent credit plan for young people in the process…Now that would be impressive.
If you’re interested, here’s a little more commentary on the topic:
Filed under: Digital culture | Tags: Age of Conversation 2, AOC2, Drew McLellan, Gavin Heaton, Get Shouty, katie chatfield
Ok for those of you who haven’t heard, the Age of Conversation2 is out now at lulu.com.
Another gem edited from Gavin Heaton and Drew McLellan, the peeps over at Lulu have described it like this . . it’s a daring challenge to the business community. Gone are the top-down, command and control messages that held sway through the 20th Century. In are a raft of new techniques that start with listening, responding and action that set the scene for a continuing and evolving dialog about brands, experience, business and community.
All those who participated in the latest book are listed below. Well done to everyone involved, fantastic effort.
I was brain surfing at Get Shouty and had to pass on Katie’s latest ditty about AOC2. Very entertaining…
Yo AOC2 let’s kick it
Nice/nice – maybe (x2)All right stop collaborate and listen
Conversation is back. (Not a brand new invention!)Media dollars are acting tightly
But information flows daily and nightly
Will it ever stop yo I don’t know
But if you turned off the TV would you slow?To the extreme you rock a media plan like a vandal
People’s attention’s not a moth to a candle
They don’t go rush to the speaker that booms
Advertising kills your brain like a poisonous mushroom
Filed under: Digital culture, Geek stuff | Tags: Kevin Kelly, Mike Walsh, San Francisco, The digital future, The Fourth Estate, Tim Berners Lee, web 2.0, Web 2.0 Summit, Web trends, Wired Magazine
An interesting post here from Mike Walsh who writes The Digital Future that’s definitely worth a read if like me, you’re wondering where to next…
So what’s next for the Web?
[Mike's post starts here]
It was the unspoken question of many who gathered at the Web2.0 Summit in San Francisco this week. For Kevin Kelly, founder of Wired magazine, it all came down to a number – 6,527. Or, the exact number of days until now since Tim Berners Lee made the first webpage. All the innovation, the new wealth, disruptions in traditional media and the millions of Wikipedia entries – a seemingly impossible scale of human endeavor – had been created in that relatively short span. So, what are we likely to see in the next 6500 days?
For a start, it’s becoming clear that 2008 will be an inflection point for the industry. In her annual high altitude scan of the new media landscape, Morgan Stanley internet analyst Mary Meeker pointed out that relative amount of time that consumers spent on websites has changed dramatically. When you look at the metric of global minutes, over the last two years YouTube and Facebook have gained over 500 basis points of relative share, at the expense of traditional portal incumbents Yahoo! and MSN. (more…)






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