CTM Questions to ponder for marketers #1

Being a potential marketeer, it’s important for me to continually ask questions about the world of business from a marketers’ perspective. This is something which can be challenging, but exciting, stimulating and motivating an organisation to move their brand vision into new territories or be disruptive. Who would have thought that well-known names such as Kodak or Blockbuster would fall by the wayside to new and existing entrants such as Netflix, Apple, Sony and Fuji? Anyhow, here are my questions to ponder:

1. Will Facebook be able to generate sustainable revenues from mobile?

Since Facebook has gone public this year, there has been some questions regarding their mobile strategy. Monetizing mobile for the social media giant is a challenge, especially for their advertising model and keeping the fine balance between enabling users to have a great user experience and ensuring their privacy on the platform. Other challenges come from their rivals, such as Google and Twitter who also have some traction on mobile platforms. I’m interested to see whether Facebook can find the solution for mobile, which I believe such a fragmented and personal platform in terms of the data stored on devices and the different versions and types of operating systems on mobile (Apple’s iOS, Google’s Android, BlackBerry OS, Windows Mobile OS).

2. Does big data for governments and NGOs lie in the hands of brands?

After Felix Baumgartner freejumped his way into the Guinness record books about two weeks ago, I had an interesting discussion with a friend about the event and how what can be learnt from a marketing perspective. A great piece about the Red Bull Stratos project from Nicola Kemp highlights some valuable lessons that marketers can learn from the event, but looking beyond that, my friend and I looked at an area which is also playing a significant role within modern marketing – data. With Virgin exploring the possibility of space travel being as commonplace as regular flights on earth, the amounts of data that can be generated from such ventures may prove valuable for governments looking to extract and interpret data that may prove useful for years to come. Red Bull’s Stratos Project demonstrated how to push the limits of the human body and raised questions about the possibility of pressure suits at high altitudes and single capsule space travel. Who knows?

Well, these are my CTM questions to ponder for this series. If you have any suggestions or ideas, please comment below and contribute to the discussion.

Also direct questions to me on Twitter @ChuxOnye.

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