It’s For The Culture: Shaping Entrepreneurship With Youth Cultural Values

Shaping The Country’s Entrepreneurship With Youth Cultural Values That Resonates With Them

Youth Cultural ValuesThe government needs to check the blind spot or adjust their pace to keep up with what the youth values.

South Africa stands as one of the entrepreneurial leaders in sub-Sahara Africa.  As stated by the Global Entrepreneur Monitor (GEM) report 2016-2017, the business climate has become somewhat a hostile environment for entrepreneurs. In particular, within the two basic categories, those are start-up businesses and existing improvement based businesses.

In fact, only 43.17% of South Africans perceive the opportunity of starting a new business and 41.9% of improvement-driven entrepreneur perceives the opportunity to advance their businesses. Therefore, this poses a question, what is it that is happening and what do we need to realise for this below par performance?

The old going with the new

“10.1% of South Africans of working age intend starting their own business in the next three years, compared to 41.6% in the other African countries that were surveyed”

Supporting developing businesses is an issue affecting our entrepreneurial flair. South African consumers are not as responsive and easily persuaded by emerging local businesses. They don’t rush to spend their money on them unless they prove their worth for it, which seems sensible taking into consideration the state of our current economy.

In contrast, reflecting on government’s previous efforts of introducing an initiative such as Proudly South African in 2001, and what President Ramaphosa has recently proposed, I feel it is just another treadmill run for the country’s entrepreneurial development plan.

In his speech, President Ramaphosa said the government would honour its undertaking to set aside at least 30% of public procurement to SMMEs, co-operatives and township and rural enterprises and would continue to invest in small business incubation. “We encourage business to do the same,” he said.

This is good news; however, the government might be a little behind with understanding what is really happening and they might have lost the plot, although they believe they are on the right path with the YES –Youth Employment Services initiative listed in their plans.

A new economic agenda

Given that, today we find a wave of defiant young entrepreneurs striving to immerse their impact on various industries. In their own accord, they are driving large corporate companies into focusing their attention on them for inspiration and sustenance in the turbulent economy. Hence, we have witnessed a rise in business incubators established all over as a means of helping with the breakthrough within the disruptive change.

Consequently, in the driving seat is the South African youth. Tired of being too dependent on the delusions of a government that is struggling to deal with its own undertakings.

Looking closely this generation is now moving with a different agenda. They are realigning the position of power. Shifting their focus into ownership and pioneering trends for what they call ‘’The culture”. The motion is stirring an attitude of self-reliance, influencing a new economy of disruptive ideas that the government will take a while to keep up with.

‘’The ambiguous phrase is feeding an ambition to lead. It is synonymous with the hopeful youth of entrepreneurs who have decided to stand up for their own future’’

Understanding the culture as a youth phenomenon

As a result, we suggest the government must begin to speak to the youth’s interests. Invest in their values because, for them, it’s about joining forces with people who resonate with their livelihood. Corporate South Africa has taken a firm advantage in realising this. Granting, they are holding them ransom exploiting the opportunity. Nevertheless, this is a ticking time bomb that will soon have the youth rebel against them at any given moment.

At this moment, we need to take time and understand this leading force. Building towards a new economy of the free and independent. Moreover, credit them for inspiring the local business space and encouraging entrepreneurship progress in an unprecedented manner. Surely, it is for the culture!

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Simple Guidance For You On Brand Activation

Simple Guidance For You On Brand Activation
Brand activation

Brand activation as a marketing discipline

In what is a reflective article on this website, we have taken a moment to look back and discuss the last constituent in our list of services, which is brand activation. This article intends to divulge into our portfolio with an aim of explaining how each key business elements relates to another.

What is Brand activation?

Brand activation is a marketing discipline that deals with driving consumer action through shared interactions and experiences. It forms part of an overall marketing approach, or what is so-called marketing mix.

According to brandactivation.com, brand activation is the seamless integration of all available communication means in a creative platform, in order to activate consumers.

A marketing mix consists of factors controlled by a brand to influence consumer purchasing decisions. In modern marketing terms, these factors are identified as the 7Ps. We will not go into further details as to keep our focus on brand activation. Thus, the marketing mix comprises of Product, People, Place, Promotion, Process, Price and Physical environment. These are decisive pillars in accordance to consumer engagement with the brand.

The purpose of brand activations is to build or initiate consumer relationship by seeking to establish opportunities to educate them about your brand, therefore, expressing values that will allow effective market competitiveness.

Our understanding of brand activation

For us, brand activation is an integral part of brand involvement with its prospective market. This is through physical and experiential activities aiming at encouraging positive brand participation. Therefore, bringing a brand or product to life, be it in-store or across multiple touchpoints. For example, these could include an integration of aspects within marketing, PR and advertising.

Each constituent involved in the process acts on its own or as part of an integrated strategic-led campaign. In addition, the aim for brand activation at any given point is to involve deliverables to help produce measurable results. Also, further enhancing brand reputation and ultimately achieving its set objectives.

Developing a brand activation

Although campaigns can achieve outstanding results, it is mandatory for the brand to align with a well-developed strategy and should stem from a well-defined data-led analysis. In addition, for an activation to work effectively, it must be part of a larger marketing strategy with efficient planning.

With regards to having a budget and time factor involved. A good strategist ought to reason around where unsurpassed commercial returns are and what/how activations can contribute best towards brand equity?

In conclusion, a strategy is critical to a brand activation campaign success. If the concept is not aspirational and captive, not endorsed or not given enough time in the market, the activation campaign may not meet the desired results.

A successfully composed campaign carries a combination of elements that stem from great Insights, creative concept, good promotional support and sufficient budget and time well spent in the market.

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