Nike’s New Ad: The Hymn of Individualism

Nike has come out with a brilliant new video featuring LeBron James, an athlete whose personal brand and popularity plunged after the media spectacle he created when he announced his decision to join the Miami Heat. He confronts his critics by looking into the camera and asking a simple question: "What should I do?" As Grant McCracken says his in excellent analysis, Nike turns to the bedrock American value of individualism to make the point that LeBron has the right to forge his own path no matter what other people say:

What's clever about the spot is that it drives us towards an answer for this question. We end up thinking, "Well, James should do has the right to do whatever he wants to do. Fans have the right to be unhappy.  But finally, we don't have the right to say where he plays or finally who he is."

And this means the ad turns, almost inaudibly, on the cry of individualism.  This is one of the bedrock convictions of our culture: that the individual has the right of self-determination, of self definition.  It's not for elites to tell us who we are.  It's not for ethnic groups, local communities or corporations.  It's not for parents.  Nor for teachers.  And it's not, James is pointing out, for fans.

The marketing lesson here is that you must understand the culture you're operating in. Nike very much understands American culture, ever since they made "Just do it" the company's slogan. I don't think Nike would run this sort of ad in Asia or Latin America.

Grant McCracken covers these themes in more depth in his excellent book Chief Culture Officer.

Airport Departure Boards and Imagination

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Last year I began writing a novel as part of NanoWrimo. The opening scene: a washed up management consultant walks into LAX and sits crosslegged in front of the international departure board, letting his eyes rest on each exotic destination.

Alain de Botton, in an interview on LATimes.com, talks about how airport departure boards light up our imagnations:

Airport departure boards help to put us in touch with the idea of alternatives. They make us think that right now, somewhere on the other side of the globe, very different things are happening. They do that very basic task of the places of travel: jolt us into remembering that the world is stranger, more exciting, more various than we imagine it when we are in familiar surroundings, and in danger of boredom and routine.

Next time you're in an airport, stop at the departure board and take a minute to contemplate the possibilities. It's my favorite thing to do in airports.

What 17 Million Americans Got from a College Degree

Over 317,000 waiters and waitresses have college degrees (over 8,000 of them have doctoral or professional degrees), along with over 80,000 bartenders, and over 18,000 parking lot attendants. All told, some 17,000,000 Americans with college degrees are doing jobs that the BLS says require less than the skill levels associated with a bachelor’s degree.

That's from this piece in the Chronicle of Higher Education, via Jon Bischke on Twitter. More:

Putting issues of student abilities aside, the growing disconnect between labor market realities and the propaganda of higher-education apologists is causing more and more people to graduate and take menial jobs or no job at all. This is even true at the doctoral and professional level—there are 5,057 janitors in the U.S. with Ph.D.’s, other doctorates, or professional degrees.

For hundreds of thousands of Americans, spending four years and untold amounts of money (and debt?) gets you a job as a waiter, parking lot attendant, or janitor. Yet everyone from Barack Obama to Bill Gates keep pushing a college education as the way to secure one's economic future. That is a view that should be heavily qualified.

Here's the complete chart: 

Underemployment-chart

China Fact of the Day

Foxconn Technology Group, for example, the giant electronics manufacturer that builds components for Dell, Hewlett-Packard and Apple in gigantic plants in Shenzen and elsewhere in urban China, will soon employ enough people to fill 60 percent of the jobs in Manhattan. Foxconn has close to 920,000 workers, nearly all of whom are under 25; in August, the company announced plans to add 400,000 more workers in the next year.

That's from Ted Fishman's interesting piece in the New York Times Magazine about how demographic trends shape globalization. Aging employees in developed countries require increasingly expensive health care plans. Fishman says health care costs for American workers between 50 and 65 are, on average, almost two times what they are for 30 and 40 somethings. The youthfulness of China's workforce is one reason why it's so cheap and attractive to first-world companies. But China won't be young forever. Will it become old before it becomes rich? There are other interesting observations about urbanization and immigration.

Opportunities in Old, Stodgy Industries

My friend Josh Newman is shifting his film production company to be a venture capital firm that will focus on growth opportunities in unsexy industries:

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I think he's right about the gap in attention and money to that quadrant.

There are many opportunities in stodgy industries that go unexploited because it's not mobile / real time / social / insert-buzzword-of-the-day-here. I always enjoy Marty Nemko's blog, and he often champions unsexy business ideas. In his entrepreneurial ideas tag, you can read about his business ideas for organic perfume, food carts, velcro shirts, and more. His entrepreneurship tag has even more.

One more random thought on generating business ideas: look at segments where most of the businesses feel scammy — and then do the exact same business but in a buttoned-up way. Google "mystery shopping" to see what I mean by "feels scammy." Anytime dozens of weird AdWords pop up, you know there's real money being made, but often by scammy entrepreneurs.

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Alex Mann awhile back had good tips for how to get into the entrepreneurial swing of things even if you're in college.