Super Bowl Commercials Sacked by Social Media

Thursday, January 28, 2010 by Blaine Cooper-Surma
If you've had a chance to keep up with the news, one of the recent headlines is Pepsi's decision to strategically re-focus its advertising dollars that have typically been budgeted for the NFL Super Bowl.  Like Budweiser, Coca Cola, and GoDaddy.com, Pepsi has been known to spend millions of dollars in advertisements during this spectacle that reaches millions of viewers every single year.  So where will these dollars be spent this year?  As you might have guessed, this year Pepsi is going with Social Media!

According to the Wall Street Journal, Pepsi plans to focus its advertising strategy on a "marketing platform" rather than blitzing viewers with commercials during this single event.  So, by using social media sites like Twitter and Facebook to reach consumers, Pepsi will be tapping into a virtual world of endless advertising possibilities.  On Facebook, for example, Pepsi can issue invitations to its followers to participate in a poll.  When someone votes, a message will get posted on their personal Facebook page that says they participated in the poll.  This my friends, is what we are referring to when we talk about viral advertising.

     

According to one report, Facebook is a virtual treasure trove for advertisers wishing to target 18 to 49-year olds.  Twitter's numbers are a little lower, but impressive, nonetheless.  Social Media Today, however, noted that 19 percent of adults between the ages of 18 and 24 have used Twitter or something like it, 20 percent between ages 25 and 34, and 10 percent between ages 35 and 44.  These numbers are the reason that Pepsi has reconsidered their advertising strategy. 

So how does this relate to the Bob Orr Entrepreneurial Fellowship?  Well, it just so happens that the majority of our host companies in this entrepreneurial fellowship are start-up technology companies.  Thus, Orr Fellows are taking entry level technology jobs in some of the fastest growing Indianapolis companies.  So what types of things are some of these host companies doing in the social media world?  Well, a 2010 host company, Formspring, has recently reached new heights with their social media application called Formspring.me.  This application is a free, simple service that allows you to create anonymous question boxes for all of your social networks.

Pepsi's migration away from televised Super Bowl ads is a trend we can expect other big companies to follow.  There is far more bang for the buck in advertising online rather than producing and paying for 30 seconds of airtime during one of the most expensive televised events of the year.

For those that don't know much about the Governor Bob Orr Entrepreneurial Fellowship, it is an Indiana-based non-profit organization that provides jobs for recent graduates in fast growing Indianapolis companies.  Whether you're looking to start a marketing career, an entrepreneurship career, or maybe just a career in business, this is one unique fellowship program like no other.

Adaptiveness

Monday, January 11, 2010 by Nate Bullock
The May 2006 issue of Human Resources magazine featured an article by Sommer Kehrli and Truy Sopp in which the authors attempted to share tips with older generations on how to manage Generation Y, a group roughly 80 million strong born after 1978 that began entering the workforce five years ago. Often the onus for change is on older generations. After all, we 'Millennials' are coming into the workforce whether current generations like it or not. Why should the 'new' be the ones to change our habits or learn new ones from the 'old'? 

An an entrepreneurial fellowship, we constantly strive to place distinguished college graduates into high growth start-ups. But at the same time, we also communicate the need for constant improvement and learning from industry leaders. Nobody is a subject matter expert anymore and while entry-level jobs in start-ups will help you become more knowledgeable about a specific area, it won't guarantee career-long success. To quote Dr. Thomas Mason, Professor of Economics at Rose-Hulman Institute of Technology, "to be successful at [an older] age, you need to keep learning." 

Need real world examples? 

Did you major in Public Relations or Marketing in college? Are you pretty confident writing press releases? Cool. BUT, looks like Presslift is a step ahead and that skill set will become mainstream in the near future.

Did you major in Web Design or UX in college? Are you pretty confident designing emails for your company's marketing team? Great!. BUT, Toddle is making email newsletter design and marketing a breeze.

Major in Finance? ChubbyBrain is democratizing your skill set.

Going to Law School? Legal Zoom has the basics covered.

Are you a scrapbooking professional? Yup...the semantic web has taken over this too.

EVERYTHING  is changing. High-growth start-ups and technology jobs in Indianapolis will KEEP changing. Being an expert today doesn't ensure anything for tomorrow. As Gen-Y'ers, we want to be mentored, use new technology, and be given the space to try new things. But we can be too confident, and in the process, atrophy our innate strengths of learning and development.

Your job won't be around forever, and if you don't keep learning, neither will you. The first step is accepting that a college degree doesn't make you an expert. The second is opening yourself up to learn skills, habits, and lessons from Generations past.

Oh...and sign-up to have your tree lugged through TREE LUGGERS or follow our tweets @treeluggers.

How will they choose just 20?

Friday, November 13, 2009 by Ally Hill
Wow. ROTC (Reception on the Circle) last night was unbelievable. All of the current Fellows had a great time getting to know the candidates. I left thinking - how will the board of directors narrow the 60 candidates from last night down to only 20 in the end? I wish all of the candidates the best of luck putting together a personal summary and essay to submit on Monday, and can't wait to see who attends Finalist Day.  

With that being said, what I really want to do is address a few of the FAQs I got from candidates last night...

Q: How is the Orr Fellowship different from other Indianapolis job opportunities?
A: No other Indianapolis job opportunity compares to what the Orr Fellowship has to offer. You can go to work at a Fortune 500 company etc., but it will not give you the following:
  • Instant access to Host Company executives and Indiana business leaders
  • A social network of the other Fellows and alumni 
  • Monthly business leader meetings and professional development opportunities
  • A chance to reassess at the end of the 2 year Fellowship - go to grad school, change companies, start your own, or stay with your Host Company 
  • and of course there are MORE reasons...
Q: How are Fellows compensated? 
A: I was asked this question more times than expected, but I suppose it's one that should be answered since as a Fellow you'd have an entry-level job in a startup (which is probably much different from anything else you're considering).

I will say that although the salary isn't glamorous, it's 'average' and most definitely an amount you can live on. You are paid by your Host Company, but all Fellows are paid the same amount. Benefits will vary depending on the Host Company you are placed in. Other business jobs in Indiana or entry level technology jobs may pay better, but if you look at the answer to the question above - you'll see what you're not getting with those opportunities. 

Q: Have you enjoyed your experience in the Orr Fellowship so far? 
A: YES! I've been given a lot of responsibility in a short amount of time. I work with executives on a daily basis. I have a group of friends I wouldn't have had without the Fellowship... I can't believe it's already been a year and a half. I'm going to be bummed when my Fellowship is over. 

TGIF! Have a great weekend everyone. 

My Path to the Orr Fellowship

Tuesday, November 10, 2009 by Blaine Cooper-Surma
With Thanksgiving just around the corner, and Christmas around the block, it's difficult to believe that I've been working in the real world for just over four months now.  I can remember like it was yesterday what it was like to look for a job while still in college.  I remember how confused I was as an Economics major who knew I wanted to be in business someday, but you and I both know how vague of a career path business really is.  So what did I look for and how did I get to be where I am today?

Luckily for me, as a senior in college I knew that the economy was beginning to look grim and that the market was probably going to get rough.  To prepare myself for the tough situation, I did my due-diligence and began looking for a quality job opportunity to kick off my new career.  I realized that I lacked specific skills that most large companies would be looking for, and also that I would be looking for an entry level job just like the rest of my graduating class.  However, I knew that I wanted to live and work in Indianapolis as it has emerged a growing hub for small, technology start-ups.  One of my other interests throughout college was entrepreneurship, so I then began looking for entrepreneurial fellowships in the Indianapolis area.  What I soon stumbled upon was the Governor Bob Orr Indiana Entrepreneurial Fellowship.  To learn more about this graduate fellowship, I connected with current Orr fellows to learn more about what the program has to offer. 


So why did I choose to pursue the Orr Fellowship?  There were several reasons, but here are a few:
  • the presence of a network of young professionals like myself to share ideas, concerns, successes, etc.
  • the pipeline of Indiana business leaders that fellows are given the opportunity to interact and build relationships with
  • the position and ability to join a small, start-up company and, through hard work, be able to make an impact within the organization
  • knowing that I'm making a good investment in my career by being in an environment that forces me to learn as much as possible about running a small business
So has my first few months in the working world provided me with the opportunities and experiences that were promised to me by the Orr Fellowship?  The answer to this question is a confident "YES!"