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26 June 2020
Klaus Lommatzsch

Absolute must? Double the value, halve the budget.

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In this episode of channel Z's miniseries 'Never waste a good crisis' in we’re talking to Klaus Lommatzsch about engaged entrepreneurship. He is one of two co-founders of Duval Union, a group of 230 experts spread over 16 companies active in communication, marketing, consulting and execution. The Duval Union group is committed to expertise and entrepreneurship. Watch the video below (Dutch only) if you want to know more about the mission and approach of the Duval Union ecosystem.

 

Complex world

In today's world, marketing and marketing communication have become so complex that it is a challenge for a marketeer to decide which expertise he/she needs and at which moment. The Duval Union Group helps companies and brands in the search for the right expert at the right time throughout the entire process. They are entrepreneurs themselves, which means that they are experienced in doing business nowadays. This puts the entrepreneurs in an excellent position to give advice.

According to Klaus, companies that continue to communicate actually emerge victorious from this crisis. The big paradox in this story is that on the one hand we can notice that media are being consumed very strongly and at the same time a lot of advertisers withdraw their budgets, which results in media space getting cheaper. So at this particular moment you can get a bigger share of voice with the same or even less budget.To throw yourself onto the digital market you will definitely need data and technology.

We can witness a gigantic digital acceleration, which is actually a positive development as people are looking for their entertainment online. Companies need to respond to this demand by placing their technology and data correctly. “You have to improve your topline to get value out of that split euro.”- says Klaus. Then it all boils down to budget and of course we all know that’s what it's all about.

Sensitive advice

First of all, keep communicating with your customers, cherish your customer relationships. secondly: make sure you sharpen your digital strategy and digital execution. Thirdly, make sure you have the right technology and the right data. In the long run, Klaus Lommatzsch would advise many companies to think about the know-why. A lot of companies in Belgium have an incredible know-how but haven’t thought enough about their relevance in the lives of their customers. If they think about that relevance, they can act from that power.

Don't miss out: find the entire 'Never Waste a Good Crisis' series here. Intrigued? Register for our free 2 day webinar.