From Landline to 5G: A Marketing Evolution with Angie Klein, President of Verizon Value
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Angie delves into Verizon’s success story, the significance of segment marketing, and the future of 5G.
“We really serve the entire market, and we're focused on how we distinctly talk about each of those brands and how we create value props that meet different needs.”
— Angie Klein
In today's fast-paced marketing landscape, personalizing your message for a unique audience is key. This means diving deep into understanding your consumers' needs. But how do you juggle this when you're overseeing eleven distinct brands? In today's episode, Angie Klein, President of Verizon Value, joins us to share her strategies and insights for managing her vast portfolio and keeping Verizon at the forefront of this ever-evolving field.
Angie Klein is a seasoned executive with over two decades of experience at Verizon. Currently serving as the President of Verizon Value, she has played a pivotal role in the evolution of the company, spearheading key initiatives such as Fios and Mix & Match. She masterminded the award-winning Verizon Up loyalty program and has been the driving force behind Verizon’s Visible, the first, all-digital wireless carrier in the United States.
Throughout her career, Angie has honed a unique blend of business acumen and creativity, which has allowed her to navigate the rapidly changing consumer trends and drive the success of segment marketing. Klein's leadership journey at Verizon has been characterized by her ability to innovate, disrupt, and adapt to market changes, from the transition from landline to wireless and now from in-home internet to 5G streaming.
Discover the true power of marketing by reading the transcript below or exploring the key takeaways from the episode.
The Significance of Segment Marketing: Angie underscores the critical role of tailoring marketing strategies for distinct consumer segments. Rather than attempting to appeal to a wide audience, companies can achieve greater success by honing in on individual niches. Furthermore, Angie stresses the importance of both the creative and commercial dimensions in marketing, emphasizing that the business side holds just as much weight as its creative counterpart.
From Fios to Visible: Angie's profound understanding of diverse consumer needs within the wireless industry has been instrumental in driving innovation at Verizon. One noteworthy example is the creation of Verizon's Fios, a fiber-optic network that revolutionized the cable industry. By prioritizing customer experience and devising solutions that directly addressed pain points, Fios swiftly captured a substantial market share. In addition, Verizon's MyPlan represents another remarkable innovation, offering tailored plans with features like Apple Music or the Disney Bundle to cater to unique preferences. On a different front, Visible, Verizon's digital-only wireless brand, has effectively targeted millennials and Gen Z customers who favor online interactions. By eliminating the need for physical stores or call centers, Visible provides customers unlimited data on Verizon's network for just $25 per line, fundamentally disrupting the single line consumer segment.
Harnessing Data-driven Insights - Verizon has continuously evolved and innovated in response to changing market dynamics and consumer needs. Angie recounts her journey with Verizon, starting with the landline business, transitioning to wireless, and now, navigating the shift from in-home internet to 5G streaming. She highlights the importance of a data-driven approach and the ability to trust the data in making critical business decisions. This allows businesses to stay customer-centric, ensuring they understand and respond to changing consumer behavior and market trends.
Revolutionizing Internet Access with 5G: Angie shares how Verizon's 5G home internet product is disrupting the traditional broadband market, offering better, faster connections than ever before. This shift enables massive amounts of data to be used in homes, facilitating more connectedness and easier access to the internet. Angie also highlights the potential of generative AI and its possible applications for improving the customer experience.
Angie’s Three “I’s”: Angie shares her perspective on leadership, particularly in team development. She emphasizes the importance of being authentic as a leader and having open and honest conversations with the team. She believes in being hands-on and directly involved in the work, a management style that not only fosters trust and transparency but also facilitates more effective decision-making. Her leadership philosophy is centered around being inquisitive, intentional, and inspirational - three qualities she believes are essential for successful leadership.
Listen to Angie on the Speed of Culture podcast today to learn more about how Verizon is revolutionizing the world of telecom.
