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BIMA Breakfast Briefing | Breaking into Asian Markets

Jan 13, 2017

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Page 1: BIMA Breakfast Briefing | Breaking into Asian Markets
Page 2: BIMA Breakfast Briefing | Breaking into Asian Markets
Page 3: BIMA Breakfast Briefing | Breaking into Asian Markets

Sam MichelFounder at Chinwag@toodlepip

Gerry McCuskerCEO at Dog@GerryMcCusker

Domenica Di LietoManaging Director at Emerging Communications@DomenicaDiLieto

Mark CoxDirector at Results International@ResultsIG

Page 4: BIMA Breakfast Briefing | Breaking into Asian Markets

Dog’s Asian (Ad)Venture

Gerry McCusker, CEOTuesday, 12th April 2016

Page 5: BIMA Breakfast Briefing | Breaking into Asian Markets

7 minutes of insight7 hours of difference

Page 6: BIMA Breakfast Briefing | Breaking into Asian Markets

Creates Brilliant User Experience

Offices in Europe & Asia80 specialists & growing

Page 7: BIMA Breakfast Briefing | Breaking into Asian Markets

Considerations

SizePotentialCultureMarkets

Page 8: BIMA Breakfast Briefing | Breaking into Asian Markets

How & Why

Strategic FitGeographic

AttitudesResource

Page 9: BIMA Breakfast Briefing | Breaking into Asian Markets

The Rearview MirrorOur competitor’s opinion

Our client’s opinionOur staff’s view

Page 10: BIMA Breakfast Briefing | Breaking into Asian Markets

Gerry McCusker, CEOThank you & Good Luck

Page 11: BIMA Breakfast Briefing | Breaking into Asian Markets

Doing business with China The  cultural  Do’s  and  Don’ts  

Page 12: BIMA Breakfast Briefing | Breaking into Asian Markets

It is not just one country

Page 13: BIMA Breakfast Briefing | Breaking into Asian Markets

Communication  preferences    

Culture

•  No  email,  no  text  message,  WeChat  is  THE  most  common  social  conversion  platform    

•  “Guanxi”  (relationship)  is  built  through  “face  to  face”  interaction  (one  of  the  reason’s  why  Linkedin  didn’t  work  so  well  in  China)  

•  English  language  ability  can  create              mis-­‐understanding  

•  How  do  you  know  it’s  going  wrong?  

Page 14: BIMA Breakfast Briefing | Breaking into Asian Markets

Management  Style’s    

Culture

•  Asking  Chinese  staff  to  give  you  feedback  :            Chinese  tend  to  be  shy  in  a  group    •  Be  clear  with  your  expectation  with  instruction  and  deadline    

•  Frequent  Communication  and  don’t  ignore  silence  (could  be  a  sign  of  not  understanding)  

•  Show  Good  Intention  by  learning  the  language  and  culture  

Page 15: BIMA Breakfast Briefing | Breaking into Asian Markets

Gestures  &  symbolisms    

Culture

•  Superstitions    –  Number  8,  6,  7  lucky  –  Number  4  is  unlucky  (sounds  like  death)  –  Red  is  a  good  colour  

•  Gifting    –  No  Green  hat’s  (means  your  partner  are  

cheating  on  you)  –  Avoid  umbrellas,  clocks    (separation,  death)  

•  Manners  –  How  to  give  a    business  card  –  Table  manner’s  /  drinks  –  Titles  

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Have  contingency  plan’s  

A Challenging Media Environment

•  You  can’t  control  the  Chinese  media  environment.  Have  a  contingency  plan  

•  Government  policy  changes  and  control’s  

•  Lack  of  data  transparency  /  fake  data  from  supplier’s  

•  Suppliers  have  direct  client  relationship’s,  which  weakens  agency’s  authority  and  credibility  

 

Page 17: BIMA Breakfast Briefing | Breaking into Asian Markets

Conversation subjects

Chinese  food  

Politics/human  rights  

Chinese  traditions  

Taiwan/Japan/Tibet  

Zodiac  signs  

Sport  

Celebrities  

Pollution/Co2  emissions  

Chinese  culture  

Family  &  friends  

UK  tourist  spots  

Fashion  &  trends  

Religion  

Chinese  economy.  

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You  must  integrate  marketing  effort  in  market,  outside  of  China  mainland.    

Integration

Monitor  platforms  24/7-­‐  things  change  quickly!..  

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Localisation

•  You  can’t  just  be  a  media  agency-­‐  other  things  impact  success,  like  no  other  market  

•  Embrace  different  behaviours  in  terms  of  media  consumption    

•  QR  codes;  the  power  of  social  media  eCommerce,  online  video  usage,  Mobile  ^irst  country  

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THANK YOU

Follow  us  on    Twi4er  @emergingcomms  www.emergingcomms.com  Linked  In-­‐  domenicadilieto  Email-­‐  [email protected]      

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Mark Cox

Director

BREAKING INTO ASIAN MARKETS

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WPP AND THE EMERGING MARKETS

• Target 45% of revenues

• Deep commitment to the emerging markets in Asia and in

particular China e.g. Shanghai Campus

• “Violent Chinese Bull”

• 3rd Largest market – about $1.5bn

• Asia as a whole US$5bn in revenues

• 48,000 people +

Page 23: BIMA Breakfast Briefing | Breaking into Asian Markets

Motivations of

sellers can be

difficult to fully

understand

CHALLENGES DOING M&A IN THE REGION

Processes are and

need to be

managed

differently

Negotiation tactics

& expectations are

different

Page 24: BIMA Breakfast Briefing | Breaking into Asian Markets

CHANGING DYNAMICS IMPACTING M&A IN THE REGION

• Deal market for many acquirers is in a mature phase

• New ambitious acquirers with not just Asia in their sights

• Within country structural changes and pan Asia initiatives