Explore. Engage. Prepare.
25 Nov 2024 by Steven Giannoulis
This is the fourth of four articles in this blog series. You can read the introductory article here. The second article can be found here and the third article here.
Growth is the ultimate destination for businesses that have taken the time to learn from the past and evolve in response to change. It’s about more than just expanding profit margins or reaching new markets – true success means becoming more agile, resilient, and aligned with opportunities that the future holds.
In this final blog in our Learn, Evolve, Grow series, we shift our focus forward. If we’ve learned the lessons of recent years and evolved our organisations accordingly, how can we now position ourselves to thrive not only in 2025 but well beyond? We explore three critical areas that all organisations need to focus on to keep succeeding: embracing a more connected world, redefining storytelling in a digital age, and building resilience for the unknown challenges ahead.
In today’s hyper-connected landscape, businesses have an unprecedented opportunity to expand their customer reach, test innovative offers, and explore exciting new territories. The barriers between markets, industries, and even nations are dissolving faster than ever before. Three key areas to explore:
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Expanding reach: The digital economy means customers can come from anywhere. How well are you positioned to meet the needs of markets beyond your immediate geography? Consider how your value proposition might resonate with international audiences or untapped demographics. And what are the opportunities to test and learn? For example, exporting from here or joining a local ‘marketplace’ before fully committing to entering a new market.
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Partnerships and collaborations: Often, growth comes not from going it alone but from building strategic partnerships. Whether it’s with local players in a new market or tech innovators in your industry, look for mutually beneficial collaborators that can help you expand your capabilities and reach. Partnerships allow you to move quicker, with less upfront investment and reduced risk.
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Cultural awareness: Operating in a more connected world means understanding and respecting the diversity of your audience. Tailoring your approach to reflect different cultural, social, and economic contexts is key to making meaningful connections in new markets.
EXPLORE EXERCISE: Profile your ideal customers and their needs. Map out other markets where you might find customers with these same needs and wants. Start closer to home – geographically and culturally – and then expand from there. Conduct a quick feasibility analysis for each potential market, factoring in logistics, regulations, cultural factors, competition, and distribution options. Those markets that appear to offer the most untapped potential deserve deeper analysis and planning.
The ways customers consume information and make purchase decisions have evolved dramatically – and will continue to do so. From AI-driven personalisation to immersive experiences, the mediums and channels organisations use to tell their stories have become just as important as the messages themselves. Three areas of storytelling to consider further:
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Emerging platforms: Are you where your audiences are or where they used to be? Platforms like TikTok and other community networks may not have been part of your plans three or four years ago, but they could now be essential. Are you using movie and music streaming platforms, digital media news outlets, social influencers, out-of-home promotions, and other emerging channels? Are you missing engagement opportunities to experiment with new formats like short-form video or live-streaming.
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Interactive and immersive mediums: Bombarding customers with sales material to read is no longer enough for most audiences. Technologies like augmented reality (AR), virtual reality (VR), interactive platforms, and gamified content let you create experiences that engage customers in powerful, multi-sensory ways. These platforms not only drive higher engagement but also offer seamless ways to convert awareness and interest into sales.
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Personalisation: Mass marketing techniques are increasingly falling on deaf ears as customers expect your story to be tailored to them and their needs, delivered at the right time and through their preferred channel. AI learning and analytics tools use data-driven approaches that allow businesses to generate deeply personalised messages at scale.
ENGAGEMENT EXERCISE: Conduct a channel audit with your media agency, comparing your approach with the wider media channels and mediums your audiences are consuming. Invest in partnerships, training, and tools for creating immersive, interactive, or gamified content. Test new channels and mediums, tracking results and utilising smart data to dynamically respond to how audiences engage.
If the past few years have taught us anything, it’s that resilience is not optional. While we can’t always predict the next economic, social, or technological disruption, we can prepare for it. The actions we take today will increase our chances of success tomorrow so consider these three areas:
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Agile operations: The ability to pivot quickly during unexpected challenges is a competitive advantage. Are your distribution channels, processes, supply chains, and decision-making structures nimble enough to adapt when needed? For some, taking more control up and down the value chain may offer the means to deal with future disruptions. For others, lessening control and implementing a more diversified approach reduces reliance and therefore risk.
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Invest in people: Teams that are engaged, skilled, and aligned in their purpose are your greatest asset during uncertain times. Resilience is about fostering a strong internal culture that can weather external storms.
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Future-focused: Future-focused businesses recognise that many political, technological, competitive, environmental, social, and regulatory factors will significantly impact their bottom line. They ensure they are not only across ,but also engaged in shaping, all the major trends and changing stakeholder expectations. And they have a proactive plan to respond to each one.
RESILIENCE EXERCISE: Conduct a resilience audit. What are your biggest risks and vulnerabilities? What steps can you take to reduce risk and/or its impact on your operations? Include a programme to build agility in your systems, processes, and people. Add early detection mechanisms that improve your ability to monitor and assess all the risk scenarios on the horizon.
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Thriving in 2025 and Beyond
Growth isn’t just about doing more – it’s about doing better. It’s about using the lessons of the past and the capabilities of today to prepare for a stronger tomorrow. Businesses that take the time to embrace global connectivity, tell their story in innovative ways, and future-proof their operations will be the ones to thrive in the face of inevitable and increasingly accelerated change.
As we close this series, the message is clear: Learn from the past, evolve for the present, and grow for the future. Here’s to your success in 2025 and for many years beyond.