Situation
A major book publisher was interested in pursuing a direct-to-consumer (D2C). The company was interested in having greater ownership and visibility of the customer data and approached us with key questions to help them drive growth:
- What is the strategic rationale for developing direct digital relationships with readers?
- How might we go about building these?
Engagement
FT Strategies collaborated with the client over multiple phases which included:
- Interviews with internal stakeholders to understand their current approach and objectives
- Innovation workshop to brainstorm ideas, prototype and align ambitions
- Summary report of findings
Results
- Aligned board on a single vision for the D2C digital strategy
- Built an investment plan for the business which considered:
- The rationale
- Market analysis
- Company’s vision and objectives
“The benefit of working with a consultancy in an operational company is we can see their processes in action.”