By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Small Business > Dominate The Experiences Race
Small Business

Dominate The Experiences Race

News Room
Last updated: 2023/08/01 at 10:39 AM
By News Room
Share
5 Min Read
SHARE

Eric Miquelon is President of Avanade North America.

Contents
Why is that such a big deal?Take a page out of F1’s book.

It’s the final lap of the 2023 Formula 1 Spanish Grand Prix. All eyes are on Max Verstappen, who’s about to cross the finish line for his 40th career win.

All eyes, that is, except yours. As the rest of the world watches Verstappen, you tap a button and hop into the cockpit with fan favorite and F1 wildcard Yuki Tsunoda. You wanted a different view of the action, and you got it.

For me, what makes this moment so interesting is that what’s happening on the track isn’t necessarily the most engaging aspect of the viewer experience. It’s the experience itself.

With features like viewer-controlled cameras, F1 has taken the traditionally passive experience of watching sports on a screen—an experience that hasn’t changed much over the decades—and made it a creative act. As a viewer, I can watch the standard, curated race feed. Or, at the press of a button, I can choose to instantly switch to the onboard camera of any driver and even listen in on their expletive-filled conversations with race managers.

Suddenly, I’m not just watching the action; I’m in it. I’m an active participant in what’s happening on-screen. By curating the content, I’m engaging in a viewer experience that’s as personal as it gets.

Why is that such a big deal?

Right now, pro sports are in a dead heat for viewers’ attention. They’re competing with each other; and more importantly, they’re competing with every other content creator, from Netflix and Disney+ to legions of YouTubers. It’s not a coincidence that, for example, NFL viewership has declined as other sources of high-quality content have proliferated.

The breadth and quality of what’s available means that excellent content is no longer enough. I don’t know about you, but I have a list of about 50 shows I would stream if I had the time. I might end up watching five of them. There’s just too much good stuff.

If a brand wants to engage today’s consumer, they have to deliver an experience compelling enough to capture their imagination and hold onto their limited attention. I didn’t start watching F1 because I woke up one morning with a spontaneous interest in European motorsports. I, along with millions of other Americans circa 2020, got into F1 because they hooked me with the fantastic docu-series Drive to Survive—and then held my attention with engaging experiences, like onboard cameras and real-time information.

F1 didn’t change F1. They just made watching it feel really, really cool.

Take a page out of F1’s book.

This is about much more than entertainment. Today, all brands are in a lights-out race for their audience’s attention. Delivering high-quality products and services still matters, of course, but how your customers engage with your brand is just as important—maybe more so.

My advice? Put your customer in the figurative driver’s seat. Always think people-first before executing on an experience-driven idea. Take time to consider what your customer needs or wants. Whether the experience is designed to make their lives easier, their business more profitable or their entertainment more immersive, people must be at the heart of your strategy. It can be enticing to want to leap at the latest technological advance to create something cool for your customers, but remember that it has to serve your purpose.

And to put this into action, start by sourcing actionable data and insights directly from your customers. Review your customer feedback and engagement surveys, including any qualitative or verbatim feedback. Your customers are telling you what they want, or what they value—make sure you listen. It may also be mutually beneficial to conduct a design thinking or brainstorming session together with your client. These types of discussions can often unearth insights and spark creative ideas. And the best part? You collaborate, directly, with your customer.

May the best experiences win.

Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?

Read the full article here

News Room August 1, 2023 August 1, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Save the Children suspends BCG partnership over Gaza work

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Donald Trump says US will send Ukraine more arms

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Germany warns EU ready to retaliate unless US reaches ‘fair’ trade deal

Global stock markets were steady on Tuesday as investors awaited the next…

US contractors cut off by Doge given lifeline by private credit

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Private equity abandons early recruiting after Jamie Dimon fightback

Stay informed with free updatesSimply sign up to the Private equity myFT…

- Advertisement -
Ad imageAd image

You Might Also Like

Small Business

Why Do We Stay In A Job When We Are Not Happy? Insights To Help You Get The Career You Deserve

By News Room
Small Business

Making A Large Language Model Transparent, Compliant And Reliable

By News Room
Small Business

The Important Initiative For Real Digital Marketing Results

By News Room
Small Business

The Future Of Real Estate

By News Room
Small Business

How AI Is Transforming Healthcare Risk Adjustment

By News Room
Small Business

How Do Hard Knocks Help? 5 Life-Changing Lessons Taught By Adversity

By News Room
Small Business

Lessons Learned From The World’s Most Successful Startups

By News Room
Small Business

Small Business Saturday Encourages Consumers To Shop Small And Local

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?