My Photo

Subscribe

  • SUBSCRIBE
    Enter your Email


    Powered by FeedBlitz
  • Google Sponsored Ad

Full 28-minute Presentation by David

Search Ageless Marketing



Sample the Taste of Ageless Marketing

Must reads

Blog powered by TypePad

« Strategies for Surviving and Thriving in Challenging Times | Main | Strategies for Surviving and Thriving in Challenging Times »

February 26, 2008

Strategies for Surviving and Thriving in Challenging Times

Strategic Action #4 for Surviving and Thriving:

Connect With the Zeitgeist (Part 6)

Over the nearly four years I’ve maintained this blog I’ve talked about the psychological center of gravity hypothesis (PCG) several times. (Type “PCG” into the search box in the left column to get a listing of all references to the PCG in this blog.)

The PCG hypothesis holds that people within five years of the adult median age have a disproportionate influence on the zeitgeist. With today’s adult median age pegged at 47, the bookend years of the current PCG are 42 and 52.

Millennials_1 For a very long time the American culture was described as a youth culture. Indeed, many in the marketing community continue projecting in their work a belief that youth still propels the wheels of consumer commerce.

To the degree that youth remains a factor in setting the trends and styles in the marketplace, it does so with a decidedly middle aged bent. It is as though members of so-called Generation Y - also often called “Millennials” - jumped into a midlife psychosocial milieu as they morphed from tweenage to teenage.

Millennials are generally regarded as those born between 1981 and 2000.

Though virtually always unconsciously so, consumer trend researchers and analysts widely describe Millennials in terms traditionally used by adult development psychologists to describe behavioral attributes of people in midlife.

Descriptions of Millennials in a 2006 USA article bear out that:

•61% of 13- to 25-year-olds feel personally responsible for making a difference in the world, suggests a survey of 1,800 young people to be released today. It says 81% have volunteered in the past year; 69% consider a company's social and environmental commitment when deciding where to shop, and 83% will trust a company more if it is socially/environmentally responsible. Two Boston-based companies, Cone Inc. and AMP Insights — suggests these millennials are "the most socially conscious consumers to date."

•Young people want to help their country by working for the government, suggests another study by the international consulting firm Universum Communications.

•Two-thirds of college freshmen (66%) believe it's essential or very important to help others in difficulty, suggests a survey of 263,710 students at 385 U.S. colleges and universities. The 2005 report, by the Higher Education Research Institute found feelings of social and civic responsibility among entering freshmen at the highest level in 25 years.

Those descriptions hardly conform to stereotypical images of youth as consumed by self-entered aspirations and behavior. “Giving back” has long been regarded as more characteristic of people in midlife and beyond. It seems that many Millennials project a disposition to “give back” before they have gotten.

According to the testimony of many researchers who study what is arguably the most coddled generation in history -  Millennials project in their jobs to an unusual degree for the young the confidence of seasoned career veterans that transcends the characteristic cockiness of youth. There, and in life in general, they have been reported as reflecting optimism that is grounded less in the fantasies of the young than in practical assessments of the world such as middle aged adults are more likely to have.

Millennials, researchers who study them tell us, have a strong disposition toward promoting the common good. They operate with perhaps the most inclusive worldview of any generation - young or old - in history. According to developmental theorists such Abraham Maslow and Erik Erikson, the worldviews of the young tend to be exclusionary and peer-focused. You are either IN or OUT when you are young. It is people who are at higher levels of personal development that are likelier to reflect a more inclusionary worldview. Except Millennials widely reflect such a disposition today.

Millennials also appear to generally reflect less antagonism toward their parents’ generation than seen among boomers and Generation X in their youth. This is in line with predictions by Millennials Rising authors Neil Howe and Bill Strauss. In 1997 they said that Millennial kids would “enter their teens looking and behaving better than any in decades....This generation will build a reputation for meeting and beating adult expectations.”

Howe, Strauss and others attribute Millennials’ worldviews and behavior to such events as an age of more attentive parents, the Internet and other technologies, and 9/11 among other obvious events. However, I believe that biggest single factor influencing Millennials' worldviews and behavior is the zeitgeist which has its roots in the worldviews of middle aged and older people.

The U.S. is no longer a youth-dominated society. With adults 40 and older outnumbering 16-39-year-olds by 137 million to 93 million, it could be no other way than that the zeitgeist is a bit hoary and reflects the seasoned outlook of the New Adult Majority.

The practical, take-away conclusion from this is that even marketers who work exclusively in youth and young adult markets should take time to understand the worldviews and behavior of people in the current PCG because they are the source of many of the influences shaping the behavior of Millennials.  

 

 

 

 

 

 

 

 

 

 

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d834521d3a69e200e55082d5a88833

Listed below are links to weblogs that reference Strategies for Surviving and Thriving in Challenging Times:

Comments

I think your "...practical conclusion..." is just that, and couldn't agree more that forward thinking marketers would be wise to examine and "...understand the worldviews and behavior of people in the current PCG...." I feel greatly encouraged for the future's outlook when I consider the potential positive effects the Millennial's attitudes and behavior may hold for my grandchildren, older adult generations, our country. All that remains is to turn potential into reality which marketing approaches can help facilitate.

that

This is a great update on Generation Y. I've done lots of generation research for my matrix market segmentation process and consider myself somewhat an expert, but I learned from this post.

Between teaching Generation Y for several years as a college professor and my research, I've noted some less positive characteristics like a sense of entitlement, difficulty in learning through traditional styles, and demanding of jobs more than their skills and experience warrant. But now there more positive characteristics are showing.

It's like when Generation X first entered adulthood and so much was written about them being cynics, whiners, drifters, and malcontents. Yet now they are starting businesses, growing our economy, and serving our country.

In fact, when the Vietnam group of Baby Boomers were young, we protested against materialism, but evolved into the greatest workaholics our society has ever known.

Generation gaps always seem to cause adults to doubt young people, but every generation makes its contributions.

The is a surprising generation. Yes they are used to getting awards for 15th place. But they also believe that the world can be changed in powerful and positive ways. I love having them in my graduate classes. They challenge the thinking of everyone in the room.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Blogs with a Global Perspective On Marketing


  • Anita Campbell's Small Business Trends
    Anita's blog is a treasure trove of useful information, especially for small businesses who must depend on external sources to identify what is important to them.
  • Ben McConnell and Jackie Huba
    High priests of customer evangelism, the foundation of viral marketing, Ben and Jackie work creatively from the pulpit of the Church of the Customer to tech companies how to recruit consumers into their marketing efforts.
  • Brent Green's Boomers
    Brent’s blog amplifies marketing principles and practices in his book “Marketing to Leading-Edge Baby Boomers.” Commentary ranges from rants about the marketing clueless to exaltation of companies and organizations successfully introducing new Boomer marketing initiatives.
  • Evelyn Rodriguez - Crossroads Dispatches
    Evelyn offers a keen eye into the mind and soul of today's more mature consumer universe
  • Jean-Paul Treguer's Senioragency
    Jean-Paul brings a Continental perspective to the art of marketing to people in the second half of life. This entry links directly to the English edition. The French edition is at http://www.jean-paul-treguer.com/. In both editions, lots of down to earth insights and advice.
  • Katherine Stone - Decent Marketing
    Katherine's blog reflects her customer centric perspectives on experiential marketing
  • Michele Miller - WonderBlog
    Michele's blog focuses in part on feminine values in marketing -- critically important since women account for 80% of consumer purchases.
  • Paul Williams and John Moore - Brand Autopsy
    Paul Williams and John Moore bring an impressive array of experience to their blog, including Moore's experience withStarbuck's and Whole Foods.
  • Piers Fawkes and Simon King - PSFK
    Cool tracking of cool developments in the under-40 marketplaces in Europe, US and Asia.
  • Saisir l'état d'esprit des 40+
    Sylvain Desfosses's dedicated efforts to promote a better understanding of the general state of mind of 40+ segment and the strategic implications in marketing and management. In French (no English subtitles!).
  • Skip Linberg's Marketing Genius
    A multi-author blog covering a wide range of topics and philosophy, plus a few rants and random musings.
  • The Source of Leadership Blog
    David Traversi shares his unique insight into what makes a great leader by exploring personal energies that we all possess.
  • Tom Asacker - A Clear Eye
    Tom's wide-ranging blog is especially sensitive to the role of emotions in consumer behavior.
  • Tom Peters
    Tom's blog is - well, typical of Tom's thinking, almost beyond global in perspective with frequent outside-the-box ideas. You'll likely find it worthwhile to have Tom's blog in your must-read blog list.

Blogs on Branding

  • Stefan Liute - Stefan's Branding Blog
    Free ranging running commentary on branding in a nice conversational tone by a branding pro from Romania (grapefruit.ro) who understands the art of branding.
  • Jason Kerr - Brandlessness
    Jason sagely observes, "“Any sufficiently advanced brand is fully indistinguishable from the self” then sets out to fulfill the promise in that statement.
  • Errol Saldanha: Branding Branding
    Interesting site devoted to the perennial issue of how the terms "brand" and "branding" be defined.
  • David Young - BrandingBlog
    David's blog is replete with valuable insights into the semiotic alchemy of branding, an art more marketers should know more about.

Blogs on Specialty Areas of Marketing

  • CRM Lowdown
    CRM Lowdown - Craig Cullen blogs about every aspect of customer relationship management, from theory to implementation.
  • Eamon Maloney
    Spotlightideas is about creative-thinking in advertising account planning, communications and media.
  • Holly Buchanan's Marketing to Women Online
    Marketing to Women Online smashes stereotypes and focuses on understanding what women truly want in the online world and in the offline world
  • Lucy McDonald's R.E.A.L. Marketing Blog
    Lucy's unique blog provides a cornucopia of business and marketing tips for the counselor, therapist, psychotherapist, and alternative therapist.
  • MarcomBlog
    MarcomBlog is a collaborative effort between eight terrific public relations and marketing professionals and students in Auburn University's Department of Communication and Journalism to involve students in conversations with practitioners from around the world.
  • Mark Willaman's SeniorCareMarketer
    Mark discusses the 'business of aging' with a focus on Internet marketing. In particular, he writes about how companies who market products and services relating to the aging population can increase their online visibility, web site traffic and leads.
  • Marketing Headhunter
    Executive recruiter Harry Joiner speaks with top marketers throughout Corporate America every week which gives him keen insight into trends shaping multichannel marketing.
  • Resonance Partnership Blog
    Marianne Richmond offers insight into connecting marketing and customer experience within the paradoxes of a digital world… with an eye towards neuroscience and behavior theory.
  • Web Market Central
    Tom Pick of WebMarketCentral.com shares his advice, commentary, observations, and wisdom on all aspects of online marketing.
  • Yvonne DiVita's Lipsticking Blog
    Lip-sticking teaches small and medium-sized businesses how to market to women online. Speaking from the perspective of Jane – representative of the women's market – we offer qualified advice, insight, and research on women and the Internet.

Blogs on Sales Theory and Practice

  • S. Anthony Iannarino - The Sales Blog
    Anthony's common sense commentary is a treasure trove of insight into sales methods. tools, and theory enriched by an uncommon addiction to reading about everything. (Renaissance personalities make great salespeople and marketers.)