July 20, 2008

hispanic baby boom creates new opportunities

It’s interesting to see an emerging trend we’ve known about for some time finally making mainstream news. Articles, editorials and blogs are buzzing about the population trends that show it is births, not immigration, accounting for most of the growth in the United States Hispanic population.

The arrival of Hispanics in remote and rural areas far from traditional gateways has been going on for years. What’s new is a pronounced demographic shift unfolding because these young immigrants are having children. Births outnumber deaths, and the population increases. That’s due largely in part because Hispanic moms are younger than the U.S. population as a whole. Their median age is 27.4, compared with 37.9 overall.

What will this mean in the future?

For one thing, the economic impact will be a positive. The U.S. is gearing up to support 79 million Baby Boomers in their old age, the growing and younger population of Hispanics ensures that the next generation as it grows will contribute greatly to the workforce, the tax revenue and the housing market. Other countries simply are not replacing themselves demographically, according to some researchers.

I think of all the opportunities this is already opening up for innovative companies. The only way these corporations are able to stay ahead of the innovation curve is by recognizing the global impact of megatrends and by knowing their consumers on a deeper level. Hispanic women lead the AlphaMom market in many ways and they are an important segment for marketers to understand.

Those who have tapped into the Hispanic mom’s feelings about motherhood, the challenges she faces, how to reach her, the impact of acculturation on her decisions and what motivates her as a consumer will ultimately deliver the innovative products and services that will shape our culture in the U.S. for decades to come.

July 8, 2008

Innovationedge client Inventor receives award for klenzpod™

Remember my post last month about one of my inventor clients, Mick Gordon?  He is back in the news again, and I couldn’t be more pleased! Mick is a very prolific innovator–he is passionate about his inventions.

We’ve been helping him in the development of KlenzPod™ which recently won the inaugural Innovation Award at the annual World of Wipes (WOW 2008) Conference. Mick was honored for his innovative approach and elegant solution to the lack of efficient wet wipe disposal facilities on the market.

The KlenzPod system was developed for offices and public buildings to provide employees and customers easy access to single wet wipes. Mick’s invention was inspired by his experience with his dying father in a British hospital where he saw poor hygiene being practiced, and realized that medical staff really needed some easily-available wipes to keep their hands clean.

It has taken years of development. Mick refined the invention based on feedback from other experts and corporations, but numerous innovations have now come together to provide a really useful, economical, and aesthetically-pleasing solution that can be used almost anywhere.

Way to go, Mick!

June 27, 2008

Alpha Moms join the Wii Fitness club

Nintendo is releasing what might be the first big-budget console game that can pull in that ever elusive segment: mothers. I blogged about the Wii craze last year, pointing to the ALPHA MOM as the key audience Nintendo looked to in creating video games that would spur their children to get off the couch. For an industry that’s often been blamed for helping cause obesity and inactivity, Wii Fit is a chance to turn back the criticism by offering a game that targets health issues in a way that’s fun.

Wii Fit is a health and exercise program that I believe will boost the momentum of the Nintendo Wii, which has sold more than 9 million consoles since it was released in November 2006. The Wii has created a huge shift in the gaming world, inviting millions of casual and nongamers, many of them women, to pick up the motion-sensing Wii remote controller and play games using gestures and waves.

Officially, Nintendo said Wii Fit is designed for an “expanded audience.” But the game has the potential to attract what some marketers have called the chief household officer, ALPHA MOMS, a large but mostly unreached population of potential gamers. Some think that the new Wii game will skew female, much like the “Richard Simmons Sweatin’ to the Oldies. ” videos of the Eighties.

For about $90 players can chart their weight and body mass index over time and work to improve them by engaging in about 40 activities including yoga, aerobic step routines, strength and training exercises, and balance games. The balance board can track the progress of up to eight players, so users can encourage each other toward their respective goals. (Nintendo’s Wii Fit mini-site has video demonstrations of each training mode. For those who are well aware of the Wii Fit and have been patiently awaiting its release, you may have a tough time finding it in stores!)

The increase in new female gamers on the Wii has been noticeable, but Wii Fit can take it a step further by enticing moms to spring for the Wii for themselves, not just for their kids.

June 23, 2008

Are billboards watching you?

Advertisers have spent a fortune trying to measure how we see their ads, when we see them, and who we are. Online it is easier than in television and print.

Now, some entrepreneurs have introduced technology to equip billboards with tiny cameras that gather details about passers-by — their gender, approximate age and how long they looked at the billboard. These details are transmitted to a central database.

The goal is to tailor a digital display to the person standing in front of it — to show one advertisement to a middle-aged white woman, for example, and a different one to a teenage Asian boy.

The technology has been used in Ikea stores in Europe and McDonald’s restaurants in Singapore, but it has just come to the United States. Within advertising circles, these camera systems are seen as a welcome answer to the longstanding problem of how to measure the effectiveness of billboards, and how to figure out what audience is seeing them. On television, Nielsen ratings help marketers determine where and when commercials should run, for example. As for signs on highways, marketers tend to use traffic figures from the Transportation Department; for pedestrian billboards, they might hire someone to stand nearby and count people as they walk by.

Although surveillance cameras have become commonplace in banks, stores and office buildings, their presence takes on a different meaning when they are meant to sell products rather than fight crime. So while the billboard technology may solve a problem for advertisers, it may also stumble over issues of public acceptance.

June 18, 2008

Get ready for codev 2009

If you want to be on the cutting edge of the latest industry trends and insights for your company’s strategic partnerships, here’s a conference you won’t want to miss this year. I’m chairing the 8th Annual MRT/PDMA International Congress on Open Innovation and Co-Development (Also known as CoDev 09!)

This year’s program will be held January 26 - 28, 2009 in Scottsdale, AZ at the Radisson Fort McDowell Resort.

We’re focusing on how to build the core components of a successful open innovation capability, and we’ve already lined up a compelling faculty with open innovation ambassadors from Cadbury, Frito-Lay, HP, Booz & Company, Kraft, P&G, R.J. Reynolds, Colgate, WD-40 and many more.

I’m very excited to kick off the conference with a candid one-to-one interview with Henry Chesbrough, author of Open Innovation and Open Business Models and acclaimed thought leader on Open Innovation – we’ll find out his perspectives on how companies can take their open innovation activities to the next level, how early adopters have excelled and discover the key ingredients of their success!

We’re also building in more time for attendees to connect with conference faculty, top experts and attendees of the event to ensure that you’re able to make networking connections for future discussions and possible partnership opportunities. We’ll even have an open innovation mentoring program to bring you up to speed quickly and ensure that you leave the conference with an action plan for getting started on the right path.

I highly encourage you to join us for what promises to be another exceptional program!

June 16, 2008

Father and son team up to combat hospital infections

Here’s a fantastic article on one of my clients! Innovationedge has been working with an inventors Gene Gordon and his son Peter Gordon of Germgard Lighting, LLC. They’ve invented a product called Glovegard, a medical exam glove sterilization device that efficiently kills bacteria. It works by exposing a gloved hand to Ultraviolet C light to kill pathogens on the glove. In only three seconds, the gloves are sterilized with safety and speed.

The idea came about in the fall of 2005 after Gene reflected back on an infection he had contracted during a hospital stay for a back operation. His ultimate goal was to prevent others from going through the ordeal he experienced, and I’m excited that he is achieving that dream.

Check out the video here.

May 26, 2008

This smart car is a bright idea!

I’m seeing a lot more hybrids and other fuel-efficient cars on the roads these days, as drivers battle the rising fuel costs. Here’s an innovative auto that promises 41-MPG on the highway: the “smart fortwo.” (The gas tank of the smart fortwo is 8.7 gallons!)

The inventors of the fortwo started sketching out this unique care in the early 1990’s with a Joint Venture between Mercedes-Benz and Swatch, the makers of Swatch watches known for their wide array of colorful designs. Nicolas Hayek, the inventor of the Swatch watch brought his ideas for an “ultra-urban” car to Mercedes-Benz, and Mercedes took on this engineering challenge with the outcome of one of the most innovative cars ever introduced.

Ahh, but is it safe? Mercedes says it is. The tridion safety cell was it’s answer for a small car that can meet high safety standards. The tridion safety cell is a “hard shell” that surrounds the smart fortwo’s occupants with an energy displacing system of longitudinal and transverse structural members.

The auto is made of energy efficient and recyclable materials. For example, only water-soluble paints are used for the smart’s three basic colors – black, white and yellow. Painting the tridion safety cell is done by the powder-coating process. This removes the need for solvents. The body panels with molded-in color are fully recyclable. Environmental management is a high priority in Hambach, France, where the car is made.

System partners on site deliver the prefabricated modules directly to the production line. Protecting the environment, energy efficiency and preservation of natural resources are hallmarks of smart brand. The car is also classified as an Ultra-Low Emission Vehicle (ULEV) on account of its extremely low exhaust emissions.

The smart fortwo has been selling in the U.S. since January, from $11,590 on up to $16,590 for the pricier models.

May 23, 2008

Is the console market game for green?

The game-consoles market is one of the fastest-growing in consumer electronics, with more than 60 million sold and 14 percent growth last year, according to Datamonitor. Now the Greenpeace organization is releasing the results of a new investigation that shows these consoles not only contain hazardous chemicals, but also contribute to the fastest-growing type of waste — “e-waste.”

Discarded game consoles are often dumped and end up in unsafe and dirty recycling yards in developing countries, harming the environment and the health of workers.

The Greenpeace study, titled “Playing Dirty,” reveals that the next-generation game consoles like Nintendo Wii, Sony PlayStation 3 Elite and Microsoft Xbox 360 have all tested positive for hazardous chemicals. For example, high levels of bromine were found in the components of all three, with the highest by weight levels in the PS3 and the Wii. But the tests also showed that each of the manufacturers avoided or reduced the use of individual hazardous substances in certain materials within their consoles.

The good news is that greener consoles are possible, according to the report. My feeling is that a typical video game consumer is not likely to care that much about the toxins in landfills, but the companies making them will definitely want to make strides to rid their products of them, for the greater good.

May 19, 2008

Coupons Going Mobile

The days of loose coupon clippings may be coming to an end, as the coupons we used to clip and carry are just about to go mobile. McDonald, Starbucks, Procter & Gamble, General Mills, Kimberly-Clark, Clorox and Del Monte and others are all posed to send their customers mobile coupons, either via text messages (with their permission), directing the user to the company’s mobile coupon site or promoting the product through barcode technology where retailers scan the barcodes right from your cell phone as you stand in the checkout line!

This one-to-one marketing opportunity is huge–where messages are customized and localized towards individual’s tastes and behaviors. Today there are more than 230 million mobile phone users in the US; and an estimated three billion coupons will be issued to mobile phone users by 2011, amounting to sales of almost $87 billion.

How do consumers feel about coupons via cell phone? Three-quarters of consumers felt that a coupon would be the most effective incentive to get them to respond to a mobile marketing message and that half would use mobile coupons for a discount at a local store, according to a survey by ABI Research. Similar studies by Jupiter Research show that 30 percent of consumers would like to receive mobile coupons.

A start-up called Cellfire provides advertisers/marketers with the ability to promote special discounts or savings of their goods/services via mobile coupons (opted-in SMS). Some of the advertisers include Domino’s Pizza, Supercuts, EMI Music, LA Times and Hardees’ among others. McDonald recently conducted a regional test of mobile coupons where consumers could receive one of the chain’s new iced coffees for free. Subway is using mobile coupon to drive retail traffic with last-minute special offers. To date, more than 10,000 retail stores nationwide are said to redeem Cellfire mobile coupons.

The Kroger grocery store has entered into a partnership with consumer-packaged food companies like P&G, General Mills and Kimberly-Clark to offer mobile coupons at the end of the second quarter using Cellfire services. The coupons offered will be mobile-exclusive and will be valid for specific store locations.

Other mobile coupon providers include GoMobo, SnapTell and Ugotitfirst. With mobile phones being such personal devices, receiving opt-in savings messages from relevant businesses would be highly appealing.

Best of all in my opinion is that there’s definitely a “Green” advantage to mobile coupons in the potential to save billions of dollars in paper and printing costs!

May 12, 2008

world Food Crisis inspires green thinking

 

 

The current food crisis is inspiring forward-thinking scientists to develop solutions for farmers in developing nations. Here is just one example I read about this morning: an 82-year-old scientist who was once dubbed the father of India’s Green Revolution is inspiring a perpetual revolution.

Forty years ago, Monkombu Sambasivan Swaminathan helped rescue the world from growing famine and a deepening gloom over the future of food supplies by developing a hybrid wheat seed that allowed Indian farmers to dramatically increase yields. Now he is researching new ways to put farmers on the right road to unending growth.

In the twenty-first century’s “Evergreen Revolution”, as he calls it, he predicts conservation farming and green technology will bring about sustainable change that could allow India to become an even bigger supplier of food to the world.

That would be welcome news for the millions of impoverished people and food-importing nations who are struggling to cope with the surge in basic crop prices over the last year, caused in part by protectionist trade bans by some exporters, including India.

I completely agree with his statement that, “in every crisis is an opportunity and this time it will lead to an evergreen revolution,” and I look forward to reporting more about innovative ideas that will feed millions in this time of need.