Your Great Ideas Aren’t Unique (Here's Why That’s a Good Thing)
Aug 1, 2022
29:37
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Sam Tatam, Head of Behavioural Science at Ogilvy, argues that true innovation comes from building off other good ideas. He explores how nature can inspire innovative solutions. The podcast discusses borrowing ideas from different fields, psychology-based marketing, and the concept of signaling in nature and human society.
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Quick takeaways
Most successful ideas are built off other good ideas, so for true innovation, we should look at other fields like biology and psychology.
By studying psychology and observing signals that influence behavior, marketers can use this knowledge to enhance their marketing strategies.
Deep dives
Innovation is Rare and Often Comes from Borrowing Ideas from Adjacent Fields
True innovation is rare, as shown by a study of 200,000 patents which found that only 1% were considered true innovations. Most inventions fell into the categories of obvious solutions, small improvements, or significant improvements to existing systems. This suggests that coming up with something completely new is extremely difficult. To solve problems and come up with solutions, it is often best to explore adjacent fields and look for solutions to copy.
Applying Behavioral Science to Business and Problem Solving
Sam Tatum, the Global Head of Behavioral Science at Ogilvy, discusses how problem solving and marketing can be improved by borrowing solutions from other disciplines. Tatum's book, Evolutionary Ideas, explores the value of finding and replicating concepts from different fields. By studying other areas, such as biology and psychology, marketers can apply principles and insights that have already been developed to their own work, enhancing their problem-solving abilities.
The Power of Signaling in Marketing
Signaling, the act of sharing information non-verbally, plays a significant role in marketing. Sam Tatum explains how good signaling can build trust with customers, citing examples such as cats' deli's tip jar placement and a cafe's regulars wall. By studying psychology and observing signals that influence behavior, marketers can use this knowledge to enhance their marketing strategies. The example of Octopus Energy's advice to competitors' customers not to switch shows how making sacrifices or recommendations can build trust and enhance utility.
Very few of us come up with unique ideas. Just 1% of successful patents actually introduce something new to the world. Most successful ideas are built off other good ideas, so for true innovation, we should look at other fields like biology and psychology. That’s what today’s guest Sam Tatam, head of Behavioural Science at Ogilvy, argues. Join us as we discuss biomimicry, the energy provider that told customers not to buy and the brown M&M clause.