business design practicum presentation
TRANSCRIPT
“I love getting a new OS, but upgrading is frustrating until I figure out how to make it work the way I want it to”
“I like to do things my own way”
“I like people-watching and just observing how people act”
experimentation
“I’m always on my laptop, tablet or mobile”
“I like customization on websites; I want to be able to make things work the best for me”
“I got rid of my cable; I can accessanything I want on my computer or through Apple TV”
NEEDSMILLENNIAL
CONTROL
INDIVIDUALISM
CONNECTION
self-creation
instant access
brand relationship
“Constant connection is fulfilling, but exhausting”
Media Type & Content
Streaming Media
Entertainment & education when users want it
ContentCreation
User apps and tools for content creation
Social Networking
Multi-media connection across platforms
CBC Echo
Tools to create, share & discuss Canadian content
Needs Met
Connection
Individualism
Control
listen. share. be heard.
So, what’s different?
not only crowd-sourced but crowd-funded
new brand identity
backed by the CBC
content by millennials for millennials
trending
AMP’Dtrending
MIC’DVERIZON ISN’T COMING TO CANADA AND THAT SUCKSWhy Verizon chose not to enter Canada and what the means for you and your cell plan
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MUSIC PHOTOS
Contributor: DanCreated: 21/05/2013
301,243 AMPS
The Last Ocean501,243 AMPS
The Millennials411,546 AMPS
DONATIONS
☆☆☆☆☆ 4.0
3,514,245 views
$2,536 raised
364,253 shares
301,243 AMPS
THE LAST OCEAN Contributor: John RoeCreated: 21/05/2013
How much would you like to donate?
$10 $20 $50
What % should go to the content creator?
25% 50% 75%
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MUSIC PHOTOS
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HOME VIDEO TOPICS
NEWS
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DATA VISUALIZATION
ECHO ANALYTICS
WORD CLOUD VENN DIAGRAMBUBBLE CHART
Select your data visualization tool and experience the power of ECHO ANALYTICS
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Existing Revenue Generation Future Sources of Revenue
Advertising (18%)
Government funding (64%)
Services, syndication, other
revenue: 18%
User system fees/ CBC’s share of “rate
& donate” model
Consumer behavioural pattern
data analysis
New sources of advertising on ECHO
platform
High risk model: CBC government dependency
Few opportunities for content creatorsDisengaged Millennials
Multi-faceted model: Diversified and stronger CBCNew creator opportunities
Engaged Millennials
REMAPPING CBC’S VALUE EXCHANGE MODEL
Integrating with social media
Providing mentorship from experts
Organizing expert classes
Staging an annual content creation
challenge
Appealing to the spirit of nationalism relevant
cultural topics
Cross promotion with CBC platforms
Using data analytics to quantify the voice of
Canada
Gamifying the experience of content
creation
Providing the option of customization
Crowd funding the process of creation
Collaboration with Millennial brands
Organically growing the ECHO Brand via
users
Piloting shows or other broadcasts for
feedback
Creating an engaging
experience for Millennials
Building a shared, unique
brand experience
Building a community of
content creators
Encouraging culturally relevant content
ACTIVITY SYSTEMS
RISKS
Is the value proposition compelling to viewers?
Will content creators produce meaningful content?
Will creators demand some sort of compensation for the production?
Can CBC execute this?
Will mentors want to be engaged?
Are the MIC’D metrics the right ones to measure progression?
Can you change Millennials’ perception of CBC?
Will the new branding resonate with Millennials?
What if the content is all cat videos?
What if the content doesn’t reflect Canadian culture?
What if voluntary payments don’t work?
What if people just prefer YouTube and existing platforms?
Will CBC Echo be able to attract viewers?
Will content creators produce meaningful content?
Will the new branding resonate with Millennials?
Will CBC Echo be able to attract viewers?
Hypothesis: With the right incentives, content creators will produce meaningful content that is of interest to Canadians
Experiment: Create a contest with incentives (monetary and promotional) hosted on CBC.ca or YouTube.com
Measurement: Use the following metrics to evaluate the hypothesis:
• Number of submissions• Quality & relevance of
submissions• Number of views • Number of votes
EXPERIMENT
What is the quick win: If the hypothesis is validated, CBC can continue to run contests on CBC.ca or YouTube.com to generate a base of Millennial content creators and content viewers
Why is it a quick win:
1. CBC can use these existing platforms at little or no cost
2. Faster execution than building a new website
3. Can continue to run experiments before launching official site
4. Can generate a user base
QUICK WIN