Making Banking…Fun?

Written by: Jess on Monday, June 17, 2013 | Leave a Comment 

In my last blog post, I wrote about Bank of America’s effort to bring the human touch back to banking with its video-conferencing tellers. This week, I’m exploring a bank that’s taking the tellers completely out of the picture: prepaid debit card provider Green Dot’s new, entirely virtual bank, GoBank.Though announced in January, I only recently came across this Mashable article describing GoBank’s launch. With a little digging I came to find that GoBank is not the first bank without any brick and mortar locations– Bank of Internet USA, for example, was founded back in 1999 (its tagline is “America’s Oldest and Most Trusted Internet Bank”). But what I find most interesting about GoBank isn’t that it’s online-only. Actually, I’m not even interested in its mobile app or extraordinarily low and often nonexistent fees, which seem to be what most coverage has centered around. The thing I find most striking about GoBank is all of the completely nonessential, but very fun, features it offers its customers.

The very first amenity highlighted on GoBank’s website is the fact that users design their custom Visa debit card with a photo of their choosing. Far from the sports teams or generic beach scene options typically offered by banks or credit card companies, GoBank facilitates direct upload from Facebook, so each card is completely individualized for the customer.

GoBank has integrated a Fortune Teller feature in its app, which gives you a quick thumbs-up or thumbs-down as to whether or not you should make a purchase based on your finances. If a user is wavering on whether or not to buy a new laptop that month, they can plug in a few recurring or anticipated expenses (rent, utilities, gym membership), enter the price of the computer in consideration, and the bank lets them know if they have “enough cents for the purchase to make sense.”

And, my favorite feature GoBank offers is the Peek at Your Balance bar. This tool appears on the app’s front login screen and, without having to input your login information, allows users to do a quick balance check.

While these offerings are all very amusing, and probably features I would use, they raise the question of where entertainment belongs in banking. GoBank’s gimmicky amenities grabbed my attention and made the app look fun to use, but they also made me slightly suspicious of the bank’s legitimacy. GoBank’s objective is to make banking fun and simple, which comes across in all of its messaging and branding– but do cheeky humor and game-like applications belong in an industry as serious as banking?

In the current, staid landscape of the finance industry, a bank with an overall tone that’s casual and playful is an interesting contrast. I will be curious to see if my generation and the next will prioritize user experience over big-bank name recognition and established trust in personal banking. In the meantime, I think all banks could take a page out of GoBank’s book and infuse a little more fun into their image other than just the bowl of lollipops at the front desk.

Lucy Muscarella is an Account Executive at Greenough. Follow her on Twitter: @lucymuscarella

Meet New Greenough President Jamie Parker

Written by: Jake Navarro on Wednesday, May 29, 2013 | Leave a Comment 

Hello, Greenough Blog readers!

I’m excited to be part of the Greenough team of Brand Storytellers and start a new chapter in my career story. In many ways, I’ve spent 3 decades preparing for exactly this moment. Through tenures at startups, a long run with a Fortune 50 industry leader, big agencies in both PR and advertising, and in the non-profit world at WGBH, I’ve developed an ever-increasing appreciation for the role of creativity in marketing. In fact, I know enough to say it’s easier said than done.

For marketing campaigns to really sing – to get the attention and the response desired -  they first must be rooted in research. Then, goals need to be clear and embraced by the team that’s entrusted with bringing the campaign to life. (By the way – the goals need to be big, not incremental: it’s been my experience that organizations often set the bar too low. Great creative marketing is aspirational and inspirational.) Next, strategies and tactics must be crafted uniquely for each organization: no cookie cutters allowed. And finally, individuals and teams need to jump on the opportunity to execute. I know marketing programs are nothing without great strategies, but I have witnessed more failure from lack of execution. It’s that simple. I like a plan and I love to execute it to the fullest so that everyone on the creative team has a role and responsibility – and some fun along the way.

For me, success is about collaboration and execution. There’s nothing better than seeing the full complement of marketing resources engaged and then unleashed to effect. Those who’ve worked with me over the years know that I believe there’s far too much talk (and PowerPoints) and not enough action. After 30 plus years, I know enough to say success is the byproduct of creativity, collaboration and execution. That’s what I plan to offer to Greenough and its clients. Let’s turn the page to the new chapter for the agency and me.

Jamie Parker is president of Greenough. She can be reached at jparker@greenough.biz.

Is Clean Energy Back For Good?

Written by: Jake Navarro on Thursday, May 16, 2013 | Leave a Comment 

The S&P Global Clean Energy Index, a diversified benchmark of 30 clean energy companies from around the world, underperformed the S&P 500 every calendar year of the last five. Over that time (2008-2012) it lost 88 percent of its total value, according to Bloomberg. This year, however, clean energy stocks have strongly outperformed U.S. equities overall (which have themselves surged to record highs in 2013). So what’s the deal? Is clean energy truly back?

Though there is no doubt many cleantech companies could not survive another economic downturn the likes of the one we’ve seen the last five years, that also means that none of the companies in the game today are pretenders. The sector is probably stronger now than it ever has been, and not just because investor cash is finally flowing in: Entrepreneurs have finally figured out how to make money in clean energy.

That’s true for S&P Global Clean Energy Index constituents like First Solar, a utility-scale photovoltaics provider, and it’s also true of earlier stage companies that are set to make a splash in clean energy. The recession’s secret silver lining is that it forced companies to innovate their technologies and their business models simultaneously.

Here in New England, we have no shortage of innovative clean energy upstarts whose businesses look promising. Altaeros, for instance, makes a wind turbine unlike any you’ve seen before – it hovers hundreds or even thousands of feet in the air, where winds are stronger and no one can complain about a windmill ruining the view. Don’t believe me? Check out this video of the turbine in action:

Portland, Maine-based Ocean Renewable Power Company is also putting turbines in unusual places, in this case, deep in the ocean, where the company harnesses the massive energy of tidal currents. Big Belly Solar (hailing from Newton, Massachusetts) has actually combined two clean technologies – recycling and solar energy – to revolutionize public trash collection. Its waste and recycling stations (which, by the way, can send email and text message alerts when they’re full) can now be seen from Times Square to Viborg, Denmark.

There’s never any telling where a market as new and swiftly changing as clean energy might be headed, but it’s safe to say that things are looking up. And that’s good news: After all, what other industry is good for investors, global economies and the environment at the same time?

Jake Navarro is an account supervisor for Greenough. Send him an email at jnavarro@greenough.biz

Google Glass: Has Technology Crossed the Line?

Written by: Jess on Wednesday, May 15, 2013 | Leave a Comment 

As a member of the Millennial Generation, I have seen quite a few new technologies emerge. It seems that in just a matter of years, we have gone from desktops and cordless phones, to flip-phones and laptops, to smart phones and tablets and most recently, to Google Glass, the first technology ever to allow humans to live in a virtualized reality.

As our technologies have gotten smaller, our dependence on them has gotten larger. I rely on my iPhone for much more than just phone calls and texts; it’s my alarm clock, my iPod, my weatherman, my GPS, my camera and my newspaper on the train in the morning. But if I am so attached to my iPhone, why does the idea of Google Glass scare me?

Actually, the real question here is can we survive in a society where people walk around with tiny screens attached to their heads? I’m not so sure.

Yes, there are the positives of Google Glass. There’s the story of the high school teacher taking students on a virtual field trip through Switzerland, and of the woman who can take war vets on tours of memorials they would otherwise never get the chance to see.  And of course, CIOs are already scheming up ways that Google Glass will help make their employees more productive.

But then there are the negatives. First and foremost: privacy. How will you know if the stranger walking down the street wearing Google Glass just discretely snapped your picture? What are the consequences of having technology intrude into every step of your everyday life? One bar in Seattle has already banned patrons wearing Google Glass from its establishment, citing privacy concerns as the main reason.

And, there are all of the unknowns. Google Glass will change how we communicate and interact with each other.  Is the dude in line behind you for coffee wearing Google Glass talking to you or his glasses? Will having screens attached to our faces destroy personal relationships by allowing people to retreat back into their technology, even when surrounded by friends? Will Google Glass distract and remove us from what is actually going on even more than our smartphones already do? Not to mention, will staring at a screen that close to our eyes for hours every day cause a new eye disease or premature blindness? And finally, will the ability to perceive and experience things differently, and maybe even better, through technology, ultimately lead us to be disappointed in our off-screen lives?

The only way to answer these questions is to experience Google Glass first hand, or at least through this video. Do you think you have the answers to my questions? I’d love to hear your thoughts in the comments below.

Gaby is an account executive at Greenough. Follow her on Twitter: @Gabyberk

My Marathon Monday

Written by: Jess on Friday, May 10, 2013 | Leave a Comment 

The Boston Marathon bombing occurred a few weeks ago; however, memories are still fresh in the minds of many, including us here at Greenough. Our offices are located only a few blocks away from the finish line, and we had several employees in the area at the time who witnessed the attacks or were touched directly by the horror and chaos that followed. One of them was 26-year-old Rachel Vaccari, an account supervisor who left her job in television news to join our agency just days before the tragedy happened. This is a first-hand account of her experience that day.

April 15th. Marathon Monday. Patriots’ Day. A day off. An opportunity to enjoy a beautiful, 60-degree day with my younger brother. A day that terrorists attacked. A day that innocent people died. A day that families lost loved ones. A day that people lost limbs but not the strength to survive. A day that brought the city, the nation, and the world together to heal.

We spent the majority of the day in front of Lord & Taylor on Boylston Street — Marathon Sports to our right, Forum to our left. We were packed on the sidewalk so tightly that at one point I thought “Geez, I hope we don’t have to get anywhere fast.”  If this had been right after 9/11 I would have thought twice about being stuck in such a large group of people, but it was eleven years later and I felt safe. The thought never even crossed my mind.

Around 2:30pm we decided to vacate our 2nd row spot along the barriers that we had fought hard to reach. We debated pushing our way towards the finish line but the crowd was overwhelming and seemingly impassable. So, we decided to walk in the other direction, heading to Towne a little over a block away from Forum. The bar area was busy. Floor-to-ceiling windows along the front of the building made it a desirable spot to have a drink and cheer for the runners. People were dancing and singing along to “Manic Monday” by The Bangles. I distinctly remember everyone joining in unison to yell happily, “It’s just another manic Monday…”

Then the ground shook. The music continued but the singing stopped. Outside of the same window where we had been cheering for runners who were only .2 miles from the finish line, we watched those same runners along with thousands of terrified spectators sprint past us in the opposite direction, trying to frantically outrun a billowing cloud of grey smoke. Some pushed into the bar to get off the street, many crying, others hugging their friends. The bar quickly became packed from the overflow of people seeking shelter. My brother and I asked each other a couple of times, “What is going on?” but we weren’t panicking, not yet. A guy next to me wandered outside and casually came back to report it was a manhole explosion. It seemed like an obvious answer and phone service was down so it was impossible to confirm otherwise. The thought still hadn’t crossed my mind that it could be a bomb.

Then a Boston Police officer stuck his head through the open, street-side window and screamed into the packed bar: “EVERYONE OUT! NOW! EVERYONE GET OUT OF THE BUILDING NOW!” Panic set in. I looked at my brother again and said, “Jeff, WHAT is going on?” By now my voice had risen with fear and it was clear to me, him, and everyone else crammed in with us that it must have been a bomb that went off, an attack of some sort, and that Towne could be the next target. I wrapped my arm through my brother’s and we pushed our way towards the exit. We got stuck trying to get through the doorway and I had flashes of what it must have been like for people fleeing The Station nightclub. As soon as we broke free, we ran, and we didn’t stop running, holding onto each other the entire time. Officers and emergency personnel sprinted past us towards the bombing site. A caravan of ambulances raced from Longwood. Soldiers who had run in the marathon rushed by to assist victims, holding the American flag high. When we got to the Museum of Fine Arts on Huntington Avenue, over a mile away from the bombing site, we finally stopped running. We were safe but shaking; our sense of security forever changed. We allowed ourselves to breathe for the first time since hearing the officer’s frantic instructions to run like our lives depended on it. We hugged, we cried. We had survived a terrorist attack. We had survived the Boston Marathon bombings.

Rachel Vaccari is an account supervisor, media relations at Greenough. Follow her on Twitter @Rachel_Vaccari

 

 

Is Cellulosic Ethanol the Future of Biofuels?

Written by: Jake Navarro on Friday, May 3, 2013 | Leave a Comment 

Photo: Dodo Bird, Flickr

Photo: Dodo Bird, Flickr

Ten years ago, ethanol was one of the hottest commodities on the market. Americans (especially those in Congress) had fallen in love with the idea that we could make a renewable, plant-based fuel to replace oil. You mean I can power my car with corn and sugarcane? That sounds like a great way to stay away from foreign oil and be (sort of) green.

Today, that picture is quite a bit different. Ethanol is no longer broadly viewed as a pro-American or particularly green fuel. In fact, Congress introduced legislation last month that would counteract 2005’s Renewable Fuel Standard, a policy that required incremental increases in the standard percentage of biofuels blended with gasoline (today it’s about 10 percent).

Why did ethanol fall out of favor? A big part of the change is probably due to the massive natural gas boom, which has gone a long way toward making the U.S. energy independent. But ethanol has had its own problems. The overwhelming majority of ethanol in the U.S. is made from corn, but corn has plenty of other uses. And though anyone who has driven through Iowa would have trouble believing it, there actually isn’t enough corn to sustainably produce ethanol.

Corn ethanol is created from the plant’s sugars and starches (in other words, the good stuff) which means that those same corn kernels can also be used for corn oil, corn syrup, livestock feed and many other functions. These other customers create demand for the corn which ultimately makes ethanol too costly to produce on a large scale. The same is true for ethanol derived from sugarcane or other valuable crops.

But sugars and starches aren’t the only parts of a plant that can be used to create ethanol. It is also possible to use cellulose, an inedible component of almost every plant. Since the cellulose is found in the undesirable portion of a plant (i.e. corn stalks and husks rather than kernels), it makes for a widely available, cheap feedstock. That’s why many are calling cellulose the future of ethanol, and perhaps the future of biofuels in general.

There is a catch, however. Any bootlegger can turn corn kernels into alcohol, but creating ethanol from cellulose is much more difficult. Only a few companies, such as Massachusetts-based Mascoma, have figured it out. Using proprietary technology, Mascoma introduces bacteria to materials such as wood and agricultural waste to create cellulosic ethanol. The final product is identical to corn ethanol, but the method and feedstocks are much more sustainable and scalable.

How big will cellulosic ethanol’s impact on the renewable fuels industry be? The answer depends in part on Congress’s decision about the Renewable Fuel Standard, but a sea change has already begun.

Jake Navarro is a senior consultant for Greenough. Send him an email at jnavarro@greenough.biz

On the Importance of Encouraging Viewer Action

Written by: Jess on Wednesday, May 1, 2013 | 1 Comment 

In Jonathan Gottschall’s recent book, The Storytelling Animal: How Stories Make Us Human, the author argues that humans are set apart from other animals by their ability to tell stories. This capacity to communicate verbally and craft narratives defines us by making it possible to transfer complex information to one another, cohere as a society around a central theme and to persuade and influence each other. In fact, Gottschall argues that narrative has such a strong power over the human mind that “fiction seems to be more effective at changing beliefs than writing that is specifically designed to persuade through argument and evidence.”

Columbia leads American settlers west – not how it actually happened

While this fact seems shocking when stated so plainly, it’s actually quite clear when you look at history. Almost all major movements, whether political, economic or commercial, have offered people clearly defined narratives that, just like a good book, they can get absorbed in. And the idea isn’t new. Take Manifest Destiny as an example: unlike many major political movements, it was never clearly spelled out in policy, and existed almost purely as a national narrative – a story driving major real-world results, rather than the other way around. Storytelling applies for businesses as well, for whom a strong story builds brand affinity in a way that nothing else can. Carefully crafting and distributing that story is essential to building a successful brand.

The problem for today’s storytellers, however, is how to craft engaging stories in a media/social media landscape that’s exponentially more populated than ever before. Every year, brands and businesses have to compete with more stories (and, often, entirely new forms of media) for customers’ attention. So how do we keep people interested in the stories we want to tell?

The answer, I believe, is to invite more viewer action. Creating space in your brand’s narrative for a viewer to act, to question or to feel involved engages them and keeps them focused. Think of it this way: your brand’s story should be less newspaper and more video game (or choose-your-own-adventure novel, if you prefer) – if it isn’t designed to elicit frequent viewer input, it’s not having as full an effect as it could. One way to achieve this is to either omit, or not explicitly mention, all the benefits of your product – while a clear explanation of your product’s value proposition is great in a sales environment, building interest in a brand’s story works much better if you leave out some information and let the reader do some digging themselves.

Though this can seem counterintuitive, we have to remember that the best stories often strategically omit information in order to engage the agency and curiosity of the reader. For example, “The following pages will interest you, as they detail the difficulties caused by Anna Karenina’s relationship with Count Vronsky” is a significantly less compelling introduction than “Happy families are all alike; every unhappy family is unhappy in its own way.” All too often, brands take the former approach, focusing solely on fitting in as much information as possible before the reader puts down the magazine or changes the channel; great stories work because they invite the reader in and make them want to turn the page themselves.

Another way to encourage viewer action is to subtly incorporate   references to cultural memes that only a certain part of your viewership will understand, and leave the viewers to connect the dots themselves. Everyone has had the feeling of sharing a secret at some point, and creating that for your viewers is a great strategy. I recently had that experience with the latest Volkswagen ad, “Mask.” In it, a man goes into a convenience store wearing a ski mask and, while clearly making the store clerk very nervous, proceeds to buy all his items in an orderly manner. He and his friends then drive off, while the audience enjoys the joke.

What’s remarkable about it is the music playing in the background: it’s famous online as the “Trololo” song. While the full story of the song (which is actually quite interesting) can be found in this article, suffice it to say that it’s the anthem of internet “trolls”: people who perform pranks online for the sole purpose of confusing or frustrating people. I had heard the song many times before, and recognized the clip that was subtly inserted into the TV spot. Because the reference to the Trololo song was not too overt, I felt more connected to Volkswagen when I was able to catch the reference. Most importantly for Volkswagen, I felt like I was in on their joke – and that’s a very valuable feeling for the ad’s target demographic to have.

These storytelling techniques are effective because the human mind is predisposed to search for narrative when presented with information. As a species, we cannot resist the uniquely human need to weave a web of meaning when one is not explicitly presented to us. Giving viewers the space to do so not only makes them more engaged, it also increases brand affinity by making viewers feel like they have helped define what the brand signifies to them. Believe it or not, sometimes there’s nothing worse than giving your viewers a clear, straightforward idea of your product.

Zach Pearson is an Account Executive at Greenough. Follow him on Twitter: @zach_p_pearson

Financial Advisers: Why You Should Get Into The PR Mix

Written by: Jess on Monday, April 29, 2013 | Leave a Comment 

At any age, a working man or woman wants to save money, which is why so many of us grind out 9-5 jobs, right? Unfortunately, many workers cannot effectively manage or save their money, which explains why Suze Orman rose to prominence, providing simple financial advice to millions.

The simplicity of Suze’s advice makes her successful, since her guidance is expressed in layman’s terms. Suze’s financial directives are clear, and the “to-do’s” are obvious, which allows individuals to make decisive choices about their own personal finances. What’s more, Suze built a powerful brand on something basic: financial advice. It’s the type of advice every American needs. Why isn’t every financial adviser like Suze? Why not invest in strategic, brand-building PR?

It’s unfortunate that so many financial advisers sit on the sidelines, while their competitors lure customers who might otherwise be their customers – if only these “sidelined advisers” chose to connect with the right reporters. So many reporters are dedicated to reporting on personal finance. In fact, they’re so hungry for ideas and sources, editors at the Wall Street Journal Wealth Manager blog can’t find enough qualified advisers to write a 500-700 word blog for their site.

It begs the question: if you are a financial adviser or banker, why sit on the sidelines of financial planning, while others are so easily building their brand with advice that everyone needs. Suze Orman did it. What’s holding you back?

Aaron Kellogg is an Account Supervisor at Greenough. Follow him on Twitter: @KelloggAaron

Where Did You Get Your News Yesterday?

Written by: Jess on Friday, April 26, 2013 | Leave a Comment 

In the battle between traditional and digital media, the facts don’t lie. Newsweek moved to an all digital format. The Boston Phoenix shut down permanently. And percentage of people reading a daily newspaper fell 18% from 2002 to 2012. It would appear digital is winning the war. Yet, more often than not, clients ask me “is this article for the print edition?” and then seem disappointed when I mention that it will only be online.

But digital has many advantages:

Now, this is not to say that companies should focus solely on digital media. Traditional print and broadcast outlets still have enormous value. During the recent Boston Marathon attack, people turned to their local broadcast affiliates for live reports.  Marginal news viewers came out of the woodwork and flocked to Boston’s legacy station, WCVB Channel 5.  Even though all stations were running constant live coverage within 10 minutes of the tragedy, WCVB captured an 11.3 rating (35 share) – more than double its competitors.

The battle between traditional and digital media may never be over, and the solution is clear. A well-rounded public relations strategy, including print magazines/newspapers, broadcast outlets and digital media is always best. Focus on trusted outlets rather than the method of distribution. After all, the numbers don’t lie – a “post” on the New York Times Bits blog can reach as many – if not more – of your target audience as a print story in the paper’s Sunday tech section.

Christine Williamson is a senior consultant at Greenough. Follow her on Twitter @ChristineDBW

Boston Strong

Written by: Jess on Wednesday, April 24, 2013 | Leave a Comment 

Boston has endured much recently, and our hearts go out to all affected by these tragic events.  We didn’t create the Boston Strong rallying cry, but we’re proud to be part of what it stands for. Thanks to the courage and selflessness of our local law enforcement, first responders and fellow citizens, we’re safely back at work. Remaining strong and staying resilient is the best way we can repay their sacrifices. We’re proud to be part of the greatest city in the world, and we’re eager to prove that Boston Strong isn’t simply a temporary slogan; it’s who we are.
Gaby is a Consultant at Greenough. Follow her on Twitter: @Gabyberk
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