Final Exam Flashcards
What is a Strategy?
a careful plan or method; ex: morning routine
Strategic Thinking
discovering new solutions that can rewrite the rules and change the future
Strategic Planning
implementing new solutions yielded by strategic thinking
7 Characteristics of Strategic Thinkers
Future based
Curious
Long term focused
Risk-taking
Able to prioritize
Nimble
Life long learners
7 Characteristics of Conventional Thinkers
Reactive
Isolated
Short term focused
Too cautious
Unable to prioritize
Inflexible
Satisfied
Nimble thinking
the ability to anticipate, react and adapt. Optimistic and curious. Doesn’t come naturally to most people
Change agent
people willing to put their neck out to make change; dissatisfied with the world
“T-Shaped” people
broadly creative with specialization
“Hybrid” roles
jobs that didn’t exist a few years ago and leverage multiple talents
ex: Google X “rapid Evaluators” - job curated to people that exceed in software engineering, product management AND communication skills
Fast prototyping
Offers an essential competitive edge; is preemptive- be the first and you own the idea - is disruptive!!!
Reasoning
building a valid argument that will be the basis for a decision
Deductive reasoning
a general premise leads to a specific conclusion
Inductive reasoning
a set of specific instances that lead to a generalized conclusion
Premise
A statement or proposition from which another is inferred Your argument being sound or faulty all depends on your premise
Big data
Large amounts of information are being collected by organizations. Data is only as valuable as the meanings that can be derived from it
Benchmark
a standard by which other data may be measured or judged; ex: GPA; an airline measuring customer service performance by using average customer service ratings across other airlines
Metrics
tests or standards of measurement; ex: exams in class
Analytics
methods of logical analysis; ex: owner of a website uses analytics to measure site visits, views and time spent on site
Insights
actionable, data-driven findings that create business value; ex: band aid case study
Data Point
points of data that when looked at as a whole leads to an insight
How to generate an insight (5 things)
collect, connect, manage, analyze and discover
Creativity
the generation of ideas that are both novel and useful for solving problems
The Pragmatist Perspective of Creativity
a perspective primarily concerned with developing and leveraging creativity for practical applications; think: workplace
Edward De Bono
coined the term lateral thinking
Lateral Thinking
(De Bono) thinking correctly about a problem in order to solve it
Linear Thinking
using prior knowledge and logic to solve a problem (what our brains want to do)
Alex Osborn
Developed “brainstorming” - First was called applied imagination
Brainstorming
(Osborn) A specific idea-generation technique that most people misunderstand- first proposed as “Applied Imagination”
The Brainstorming Process:
- Form groups of 3-7 people
- Clearly state the problem or task at hand
- Assign someone to write down all the ideas as they are shared
- Designate someone to help enforce guidelines: suspend judgment, record every idea, encourage unusual ideas and encourage people to build on others’ ideas
The Cognitive Perspective of Creativity
A more academic perspective that is focused on understanding the nature and process associated with creative thinking
Graham Wallas
Proposed the “4 stage process model of creativity”; “The Art of Thought”
The Four Stage Process Model
(Wallas) continues to be the most popular and influential model of the creative process
Preparation
Incubation
Illumination
Verification
Four Assumptions of the Four Stage Process Model of Creativity
Creativity is a relatively simple process
Stages of the process are discrete
The stages are (initially) sequential
The stages can be recursive; one can revisit a stage if necessary
JP Guilford
Intellect > intelligence ; “Structure of Intellect Model”
The Structure of Intellect Model
GUILFORD - highlights the importance of intellect over intelligence in the creative process
Intelligence
GUILFORD - what you know; the extent of knowledge that you possess
Intellect
GUILFORD - how well you use what you know; how effectively you put your knowledge to work
The Social-Personality Perspective of Creativity
Focuses on personality variables, motivational variables and the environment as influences on creativity
Mihalyi Csikszentmihalyi
Author and creator of “Flow”; proposed domain specificity
“Flow”
CSIK - being completely involved in an activity for its own sake. The ego falls away, time flies. Every action, movement and thought follows inevitably from the previous one. Your whole being is involved and your using your skills to the utmost
Domain specificity
CSIK - the creative process can look different depending on the field or domain in which it is applied
Teresa Amabile
Proposed the “Componential Model of Creativity”
Componential Model of Creativity
AMABILE - identifies 3 essential components involved in the production of any creative work
Creativity relevant skills
Domain relevant skills
Intrinsic Motivation
Advertising Audiences
Target Markets and Target Audiences
Target Markets
ADV - everyone who a company or brand considers to be a potential customer (The big circle)
Target Audiences
ADV - a smaller group of people with shared characteristics who are a part of the market (The smaller circle inside the circle)
Segmentation
How to identify target audiences by dividing your target market into smaller groups
Demographics
Type of Segmentation
Data collected about a population that helps describe and differentiate them
ex: age, gender, race, location, education level
Psychographics
Type of Segmentation
Things we can learn about people’s attitudes, interests, personality, values, opinions and lifestyles
ex: Carol is an extrovert and believes we need to do something about climate change. She is also very interested in eastern religions
Behaviors
Type of Segmentation
People’s activities that may relate to something we sell or be relevant to how we communicate with them
ex: ken plays soccer on the weekends and loves snowboarding. He is also an avid online gamer with friends
Public Relations audiences
Stakeholders and publics
Stakeholders
PR - any party that has an interest in the performance of a company or an organization (the big circle)
Publics
PR - people whose relationship to the organization is determined by their connection to an issue or problem (The smaller circle inside the circle)
Corporate Public Relations (CPR)
managing and disseminating information to influence perception of an organization
ex: the white house speaker of the house
James Grunig
proposed the Situational Theory of Publics; falls under CPR
The Situational Theory of Publics
GRUNIG - publics organize from the ranks of stakeholders when they recognize an issue and act upon it
Aware, active, activist and latent
Marketing Public Relations (MPR)
Using public relations tactics to support marketing goals; ex: the weekend pepsi halftime show press conference and the Always #likeagirl campaign
Account Executive
Acts as the liaison between the agency and the client. Helps the client provide the agency with what it will need to develop creative
Brand Manager
Confers with the agency account executive to provide information and communicate the brand’s needs. Will also approve any recommendations from the agency
Creative Brief:
research document that provides a foundation for the creative team’s work; large amounts of relevant client/product information is distilled into a concise, accessible format.
Who uses a creative brief?
They are written for creative directors, art directors and copywriters
What is in a creative brief?
Rationale/justification for the advertising
prOblem identification
Target audience information
Competitive analysis
Direct Competitor
Another product/brand that’s practically identical to yours; ex: Coke and Pepsi, Target and Walmart
Indirect Competitor:
Another product/brand thats similar enough to be a viable alternative to yours; ex: jeans and khakis and joggers
Intangible competition
Competing forces such as mindsets, social trends, beliefs, etc; ex: veganism, political party
Dr. Richard Florida
Author of “The Rise of the Creative Class” and “The Flight of The Creative Class”
The Creative Class
(⅓ of all american workers) is paid to think and invent; to innovate. Earn nearly twice as much on average than members of the service or working class
Working Class
Manufacturing, construction, farming, “blue collar”
Service Class
Service Class: food service, clerical/office, retail, hospitality
Where does the creative class thrive?
High quality amenities
Openness to diversity
Identification (I feel like I belong here)
Ethos (dominant assumptions that make a city feel opened or closed)
Why should state/local governments try to attract the Creative Class?
Workers who make more money pay higher income taxes
How is creativity economically valuable?
Tax revenues enable state and local governments to fund high-quality amenities
Brain Drain
The loss of human capital from one area to another or from one industry to another
Senior Account Executive (PR)
Strategy!! set budgets, draft product gifts for influencers, organize events, maintain relationships with media, do pitches, media train clients
Account Executive (PR)
Execution!! create product gifts for influencers, write press releases, build relationships with media, write social posts
Asst./assoc. Account Executive (PR)
Foundational, build media lists; research and pull together information for pitches/slides decks, social posts and press releases
Intern
support!! team as needed, primarily internal work within agency team
Differences in PR working “in- house” vs. an agency/firm
“In House”:
Work for the organization, institutional knowledge, depth and commitment, less time pressure
Agency/Firm:
Represent many clients, pressure to perform, provides breadth of experience and expertise, offers worldwide network
Project vs. retainer
For a project: agency work with clients PR team to meet objectives of a project $$
On retainer: Agency handles (almost) all PR for client $$$$$
Advantages of hiring a PR agency/firm
Broad media contacts
International reach
Variety of skills, specialization and expertise
Objectivity/ broader perspective
Extensive resources
Disadvantages of Hiring a PR agency/firm
Superficial grasp of client/problem
Lack of full time commitment
Need for prolonged briefing period
Expensive
Only know what client reveals