MAL36:20 MAL36 | Page 17

Over the past few weeks, a lot of conversations with colleagues and friends in the profession have been focused around discussions on innovative ways to drive customer consideration and product uptake. It takes a lot of thinking to figure out answers to this simple question because we are used to thinking in an ideal world. A world where you are surrounded by programmers, coders, manufacturers and prototypes that would ideally drive innovation. In our current situation, these are luxuries and probably the reason many of us are struggling with finding innovative solutions to marketing in our current crisis. Innovation has become unhelpful in our context. It’s a loaded word and only few companies can get away with innovating during this time. Innovation is dominated by ‘giants’ in business, specific brands would easily come to mind including Apple, Safaricom, Netflix to name a COMPLACENT MARKETING Making Ingenuity Work In Our Organizations few. Innovation is out of reach for most companies and in most cases requires special talent and a robust and vibrant organizational culture. It is a lot of pressure to find innovative ways to deliver our products and services to customers and move the needle. It is this overthinking that is making many companies join the digital bandwagon as late adopters. Many organizations ideally have all the resources at hand; it is the reorganization of these resources that is required to achieve the desired results. The outcome would then be ingenuity and not innovation. Ingenuity is simply doing something different and new, or doing the same thing in a new way by focusing on small changes that would give the desired impact. Any big dramatic changes in response to our current situation would then be termed as innovation. A lot of these ideas that speak to ingenuity are already evident as we are forced to solve problems in an evolving environment, In marketing, we often say the fundamental principles never change. It’s only the planning of the principles and execution that change. Ingenuity operates on this principle by focusing on solving problems in the most efficient and effective way with the resources at hand. Ingenuity doesn’t drive disruption or transformation, it drives authentic engagement and offers real solutions. By Diana Obath limited research ideas, limited resources and reduced budgets. Larger companies seem to be struggling with the idea of ingenuity more than the smaller companies. A simple example would be a delay in larger companies signing up on digital e-commerce platforms such as Jumia, Glovo or such other firms. Recently as I was going through my emails, my attention was drawn to one trusted online delivery firm that was happy to announce that they will now begin grocery and supermarket shopping delivery services. I was first surprised that with their size and scale they were not already doing it; and secondly, I wondered why it took them so long to start doing it. They had already lost out on the opportunity that the other companies enjoyed to drive up their profits 2-3 weeks into the crisis. Additionally, customers had already tried and dialed down to specific providers and apps. In a similar scenario, a local microfinance lender recently called me and asked if I would like a weekend loan. I was surprised by the call as I had never dealt with them before, nonetheless, I allowed the extremely polite telesales lady to say her piece. She explained that I could apply for a weekend loan which works like a mobile loan via a USSD or opt for asset financing through their app. I asked what kind of asset finance she was inferring to and she said a car or home renovation loan. I only needed to download the app and upload my details in the application form, attach photos of my ID, pay slips, send photos of the car, attach a valuation report from my insurer and attach a copy of the log book and they would process the loan within 24 hours. I could borrow up to Ksh.5 million based on the value of the declared asset. I asked her whether they would want to see the car and she said the insurance valuation report and my pay slips would be enough to help them determine my suitability for the loan. The ease of the application process was quite interesting for me. This comes at a time when mainstream banks are reporting low revenue due to reduced borrowing, yet they have contact details of millions of clients who may have bought cars or other assets through their financing facilities and clients who are still receiving monthly salaries and qualify for loans or top-ups. Much as this is a high-risk approach, they also have access to all resources that would allow them to determine the credit worthiness of customers in their database and pick those with high credit scores allowing them a more targeted approach to sell their loans and improve their loan books and revenue. The big financial institutions are probably only looking at increasing their mobile loan portfolio and not secured loans. All factors held constant, only bankers would determine the success of this approach, but it is an idea worth considering. Such ideas do not require innovation but ingenuity. Smaller brands and companies may emerge the biggest winners out of this crisis by being cleverly inventive and resourceful. They have never known the luxury of having highly skilled talent and an abundance of resources for innovation. They have often struggled to find a voice in the market and have never been able to compete with overt marketing messaging and tactics employed by bigger brands. They have however taken advantage of the ‘reduced noise’ in the market to get to the ear of their potential clients, making it easy for them to gain competitive advantage by offering solutions that are well within reach of the customers. Smaller firms have realized that we are in an existential struggle that requires survival of the fittest and swiftest. Since the start of the pandemic, we have also witnessed a lot of repurposing by companies and brands. Alcohol manufactures are making sanitizers, manufactures of clothing items are Ingenuity is simply doing something different and new, or doing the same thing in a new way by focusing on small changes that would give the desired impact. Any big dramatic changes in response to our current situation would then be termed as innovation. making masks, water dispensing jugs are now being turned into face protectors, hotels have listed for take away services on delivery apps, fast food restaurants and local eateries are selling deconstructed meals, local artisans of metal and woodwork who would normally make gates and tables are manufacturing noncontact hand washing stations, software developers are improving online software to limit human resources required for output. The list is endless. Every organization has the same challenge, the same problem and each is tackling it in its own unique way. In marketing, we often say the fundamental principles never change. It is only the planning of the principles and execution that change. Ingenuity operates on this principle by focusing on solving problems in the most efficient and effective way with the resources at hand. Ingenuity doesn’t drive disruption or transformation, it drives authentic engagement and offers real solutions. Bringing ingenuity to life works on many levels and saving these gains will be beneficial for the growth of many industries. The output of Chief Strategists, Chief Innovation Officers and Lead Creatives within organizations will continue to be tested on this level even after the crisis when retention levels of these ingenious ideas begin to operate. Some will hold but some may become flaccid. The penetration of e-commerce and cashless systems for example, has forced small businesses including the matatu industry to adopt mobile payment services. The government has been unable to get the matatu sector off a cashless system for many years despite proof of concepts such as the Citi Hoppa Cards and KCB pre-paid cards, but this crisis has quickly launched the sector into a cashless payment system. Saving such gains is the next big challenge once the grinding need for the ingenuity lapses. One major benefit a cashless matatu industry would give the government is increased tax collection through the cashless channels that are easier to track and regulate. The retention of this idea will be an interesting one to keep watch on. The key take out in this obviously trying season to many is that we must stop thinking in a linear pattern. We need to focus on finding the key ideas and features that will genuinely allow us to connect with our customers during this windy times. Ingenious ideas not necessarily innovative ideas. We should then repurpose and take advantage of the existing market need and sales opportunities to serve them to our clients. Speed of execution and relevance should be the deciding factors of our ingenuity. The ideas adopted should be able to drive the required margins and profit for sustainability. Let’s make ingenuity work for us during this time and get out of the trap of unnecessary buzz words that would bind our thinking and limit our innovation when we will eventually need it. Diana Obath is a seasoned Public Relations and Communications Specialist. You can commune with her on this or related issues via mail on: [email protected]. 30 MAL36/20 ISSUE