Along with innovation and social engagement, one of the current buzzwords in marketing is “insights”. These powerful pieces of information are the driving force behind the development of integrated marketing communications strategies. As such, entire teams, divisions and agencies have been formed for the sole purpose of uncovering consumer, cultural and market insights.
A recent discussion on the consumer insights interest group on LinkedIn asked members to define insight in one word. While, of course, there’s no right or wrong answer, this discussion certainly made me take some time to reflect carefully on how I would define an insight.
An insight is more than just pure knowledge about consumer behavior or market trends. It represents vital information that can be leveraged to create value for consumers. Consequently, an insight is not valuable in itself. It’s valuable because it can be used to create meaningful opportunities and solve business problems. But how exactly can this be described in one word?
The best word I can use to describe an insight would have to be seed. A seed is the propagative source of a plant. Simply put, it brings the plant to life. A well nurtured seed will grow and flourish, while a neglected seed will degenerate or essentially becomes functionally useless. Similarly, insights bring marketing and communications strategies to life, but they only become useful when applied strategically and used in meaningful ways.
The recent “Bring Happiness Home” campaign by PepsiCo Greater China Region (GCR) exemplifies the nature and definition of insights I have provided. PepsiCo discovered that a disconcerting trend for youth is that they no longer want to go home to celebrate Chinese New Year. In particular, a survey showed that around 70 percent of Chinese youth expressed hesitation toward going home.
This insight became the inspiration for their “Bring Happiness Home” campaign which combined viral marketing with TV advertising. PepsiCo developed and distributed a microfilm online, which tells the story of an estranged family spread out across the country that ends up reuniting to celebrate Chinese New Year.
The microfilm also cleverly integrates PepsiCo’s leading brands; Pepsi-Cola, Lay’s and Tropicana. Meanwhile, PepsiCo refreshed the role of the traditional 30-second TV commercial to act as a movie teaser, highlighting strong synergies among the three brands and still celebrating individual brand truth.
While a valuable piece of information, the insight about Chinese youth expressing hesitation towards going home for Chinese New Year only truly became useful when it was used to create value for PepsiCo’s consumers in a meaningful way.