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Latest News & Insights from the Boomer Project
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There's some exciting news from the Boomer Project
this month.
In addition to fielding two national surveys this
month with our partners Southeastern
Institute of Research (SIR) and Survey
Sampling International, we're launching our new
SIR/Boomer Project Marketing
Pulse :30 Survey.
It's an on-going survey of marketing professionals
from across the country. Every two weeks the
participants take a 30 second survey about the
latest trends and activities in marketing to Boomers.
The instant results are shared with the panelists and
consolidated results will be shared in this monthly
newsletter, as well as on the Boomer Project Web
site.
As a subscriber to this newsletter, you get a special
invitation to participate in the first SIR/Boomer
Project Marketing Pulse :30 Survey. Just follow this
link.
More information about this new service can be
found below in "Take :30."
The second article this month reports on how
companies are already turning the future problem of
retiring Boomers into a new opportunity. Read
"Your Problem, Our Opportunity" to learn
more.
There's also a short article about two experts on
aging and generations. We suspect you know one of
them because he's in the media as much as
Madonna. The other one you need to know if you
want to
be really smart about aging Boomers. The article is
called "Beyond the Ken."
Our own calendars are filling up with more and more
companies and organizations who want to gain
insight into Boomers and marketing (and go beyond
the Ken). If you know of a
company or organization who might be interested in
hiring us to come speak and train, just contact
us to learn more.
As usual, let us
know if you have something you'd like to get off
your chest.

Matt Thornhill The Boomer Project
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Take :30
New SIR/Boomer Project Marketing Pulse Survey
Wonder what other marketers are thinking or doing
when it comes to targeting Boomers over 50?
Well, now there's a quick and easy way to find out.
This month we're launching the SIR/Boomer Project Marketing
Pulse :30 Survey. Every two weeks we'll
conduct a 30 second poll of our pre-selected panel
of
marketing professionals from around the country and
see what they are thinking and doing.
Panelists are invited to participate, and those that
do get instant access to the poll results, as well as a
summary of each poll sent to them when all the data
has been collected and analyzed.
It's an insider's guide to the best and most current
marketing approaches targeting Boomers over 50.
To be selected as a panelist, you must make
marketing decisions for a company or organization
that is actively targeting aging Baby Boomers. If you
are interested in participating, please email Matt
Thornhill.
The panel will be limited to 300 top marketers from
around the United States, in a cross-section of
businesses and industries.
To help get the panel started, all 1,450 subscribers
of this newsletter are invited to participate.
Then look for the first poll results in next month's
newsletter,as well as on the Boomer Project Web site.
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Your Problem, Our Opportunity
Aging Boomers Mean New Businesses
Large businesses and organizations are waking up to
a significant problem on the horizon: aging Boomers
will soon age their way into retirement, and out of
the work force, leaving the company or organization
with a huge brain drain and labor shortage.
Here's a recent CNN/Money Magazine article
identifying the size and scope of the problem, "Corporations Woo Baby Boomers."
We here at the Boomer Project first became aware of
this impending exodus from the workforce when we
heard Dr. David DeLong speak at the Governor's
Conference on Aging in Massachusetts. DeLong is the
author of "Lost
Knowledge: Confronting the Threat of an Aging
Workforce."
He shared scary stories about how half of all federal
employees will be eligible to take early retirement
within the next handful of years. On the one hand,
that actually sounds like a good thing. On the other
hand, think about our large, complex bureaucratic
departments with no one left who knows how things
are supposed to work. Think FEMA after Katrina, only
across every federal agency. Now are you scared?
Rather than sit on the sideline and worry,
IBM has turned this into a business opportunity of
enormous potential for them. In recent weeks
they've announced a new group to help companies
manage an aging and retiring workforce. Cleverly
named the IBM Business Consulting Services Human
Capital Management group (IBMBCSHCM??? -- and
we thought the Pentagon had acronyms!), they will
(according to the press release):
"...provide companies
with diagnostic tools based on advanced analytics,
strategies and methodologies to understand their
employee base in real-time, retain employees,
transition knowledge and transform business
processes to cope with the demographic change and
significant skill shift."
Despite that mouthful, they have the right idea. And
this is a perfect example of a company looking at the
aging of Baby Boomers and finding opportunities from
someone's problems.
In what other categories of products and services
will this take place?
All of them. You better get busy.
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Beyond the Ken
Generational Insights
He's clever, well-educated, written several books and
really understands the impact of Baby Boomers and
the different generations.
And his name isn't Ken
Dychtwald.
If you want to get smarter about aging Baby
Boomers, you need to know Neil Howe, co-author
of "The
Fourth Turning" and other books on the relationship
between generations and history. Neil runs LifeCourse Associates and helps companies
gain a better
understanding of generational differences and
relationships.
While Ken Dychtwald may be a media darling and a
spokesperson for Boomers and aging, his voice is but
one. There are many, many others with insights and
counsel that go far beyond the cohort-specific work
by Ken.
In fact, there's an entirely different school of
thought as reflected in the work of David Wolfe,
author of Ageless
Marketing. His insights are that
Boomers will act like their elders when they get to be
that age. In other words, you can predict how
Boomers will behave later in life if you know
Developmental Psychology. It's human nature, after
all.
Ken Dychtwald says Boomers are different because
of their common history and cultural experiences.
You can predict how Boomers will behave if you
understand the experiences they've been through --
how they were nurtured, if you will. Listen to Ken
explain some of this during a radio interview with the
Motley Fool. It's good stuff.
Neil Howe, however, goes one further than Ken and
puts the
Boomer generation in historical context. Which
enables us to then better understand not just
Boomers, but Gen X and the
Millennial Generation as well.
You could say Neil is both Nature and
Nurture.
And highly recommended reading.
FOR THE RECORD: The Boomer Project seeks to be
like Switzerland in the "Nature vs. Nurture" insights
into aging Boomers. This neutrality means we support
all theories and use them in our research on how
Boomers respond to marketing and advertising
messages today. We're not trying to supply all the
answers, only the answers to the questions about
marketing and advertising.
Which puts us way beyond the Ken.
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