P&G Focuses on New Media. Opportunities for Students Arise
While many still doubt the importance and power of social media used for marketing, some of the world’s largest corporations start to catch up. Particularly interesting is the decision of P&G to lay off 1,600 of its employees and pay more attention to the cheaper, less traditional media, such as Facebook and YouTube. After the enormous success that Old Spice brand managed to achieve using viral video campaigns with a personal touch in 2010 and 2011, it doesn’t come as a surprise that Procter & Gamble would question the relevance and the ROI of the old-school channels.
Furthermore, I would expect many other large companies to see this as a sign to get on board and start channeling their expenditures into social marketing, which means more job cutting and restructuring.
What Graduating Students Should Consider
I bet a lot of business students looking for a career in marketing for consumer packaged goods companies like P&G are trembling from fear right now. How are we supposed to get employed in this environment of cost-cutting and lay-offs? Are we going to stay without a job? What do we do?
Do not panic! I, personally, believe that this is a great news for everyone who’s young and willing to adopt to the new conditions. As more corporations are looking to utilize the power of the Web, they will be looking for people who feel most comfortable with using the new media, and who have grown up connected to the Internet 24/7. This could be you. In fact, many of the students are already falling into the category of digital natives, and I see an extraordinary opportunity to position yourself as one, develop your e-marketing skills, and be on board when CPG Enterprise Marketing goes 2.0 on a large scale.








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