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Music for growth – a competitive advantage for companies | Stefan Palmquist | TEDxNorrkopingED


good evening folks

good evening folks my name is Stefan and I’m gonna talk a

my name is Stefan and I’m gonna talk a

my name is Stefan and I’m gonna talk a bit about music for growth and what the

bit about music for growth and what the

bit about music for growth and what the role of music can be for for brands and

role of music can be for for brands and

role of music can be for for brands and companies so let’s kick this thing so

companies so let’s kick this thing so

companies so let’s kick this thing so music plays many different roles for us

music plays many different roles for us

music plays many different roles for us people and many different roles for

people and many different roles for

people and many different roles for companies as well I want to mention two

companies as well I want to mention two

companies as well I want to mention two different areas tonight communication

different areas tonight communication

different areas tonight communication and culture so for first and foremost

and culture so for first and foremost

and culture so for first and foremost communication music I would say is the

communication music I would say is the

communication music I would say is the original form of storytelling we have

original form of storytelling we have

original form of storytelling we have actually found musical artifacts

actually found musical artifacts

actually found musical artifacts instruments that are 40,000 years old

instruments that are 40,000 years old

instruments that are 40,000 years old and if you put that in perspective we

and if you put that in perspective we

and if you put that in perspective we started to read and write just like

started to read and write just like

started to read and write just like three four thousand years ago so music

three four thousand years ago so music

three four thousand years ago so music is pretty much in our DNA so music

is pretty much in our DNA so music

is pretty much in our DNA so music definitely has a value for us people and

definitely has a value for us people and

definitely has a value for us people and humans what’s the value so spoiler alert

humans what’s the value so spoiler alert

humans what’s the value so spoiler alert but when you ask economists about the

but when you ask economists about the

but when you ask economists about the value of music they probably gonna show

value of music they probably gonna show

value of music they probably gonna show you something like this it’s around the

you something like this it’s around the

you something like this it’s around the same amount as the GDP of New Zealand

same amount as the GDP of New Zealand

same amount as the GDP of New Zealand and that is around 160 billion US

and that is around 160 billion US

and that is around 160 billion US dollars but obviously music has so many

dollars but obviously music has so many

dollars but obviously music has so many more values to us all and I want to show

more values to us all and I want to show

more values to us all and I want to show you a few of those values both big and

you a few of those values both big and

you a few of those values both big and small music has played a role in in

small music has played a role in in

small music has played a role in in different parts of society and different

different parts of society and different

different parts of society and different parts of history this one is obviously a

parts of history this one is obviously a

parts of history this one is obviously a example of a bigger scale actually music

example of a bigger scale actually music

example of a bigger scale actually music has played a role in changing society

has played a role in changing society

has played a role in changing society and the way we interact with people but

and the way we interact with people but

and the way we interact with people but also on a lower scale music is changing

also on a lower scale music is changing

also on a lower scale music is changing our lives and music is

our lives and music is

our lives and music is soundtrack to a lot of moments in our

soundtrack to a lot of moments in our

soundtrack to a lot of moments in our life so from falling in love you

life so from falling in love you

life so from falling in love you probably have a specific song for that

probably have a specific song for that

probably have a specific song for that specific moment and you probably also

specific moment and you probably also

specific moment and you probably also have a specific song for this moment

have a specific song for this moment

have a specific song for this moment when you fall out of love so again music

when you fall out of love so again music

when you fall out of love so again music is sound tracking our lives in both big

is sound tracking our lives in both big

is sound tracking our lives in both big and small and culture reflects music

and small and culture reflects music

and small and culture reflects music music is fueling media and fueling

music is fueling media and fueling

music is fueling media and fueling specifically social media this is the

specifically social media this is the

specifically social media this is the example of if you aggregate followers

example of if you aggregate followers

example of if you aggregate followers for both Instagram Facebook and Twitter

for both Instagram Facebook and Twitter

for both Instagram Facebook and Twitter the top 5 positions of people who have

the top 5 positions of people who have

the top 5 positions of people who have the most followers are all musical

the most followers are all musical

the most followers are all musical artists or have a connection to music so

artists or have a connection to music so

artists or have a connection to music so music is really really fueling the

music is really really fueling the

music is really really fueling the culture all around us and a more

culture all around us and a more

culture all around us and a more up-to-date example where actually music

up-to-date example where actually music

up-to-date example where actually music can reflect culture and events around us

can reflect culture and events around us

can reflect culture and events around us the zeitgeist a couple of days ago when

the zeitgeist a couple of days ago when

the zeitgeist a couple of days ago when SpaceX launched their amazing latest

SpaceX launched their amazing latest

SpaceX launched their amazing latest rocket music streaming of David Bowie’s

rocket music streaming of David Bowie’s

rocket music streaming of David Bowie’s all hit life and Mars peaked it spiked

all hit life and Mars peaked it spiked

all hit life and Mars peaked it spiked and a 300% increase in streams that

and a 300% increase in streams that

and a 300% increase in streams that specific day so that’s an example of how

specific day so that’s an example of how

specific day so that’s an example of how culture and events around us also can

culture and events around us also can

culture and events around us also can feel music but today I also want to

feel music but today I also want to

feel music but today I also want to share how music can help brands and

share how music can help brands and

share how music can help brands and companies to drive growth both in their

companies to drive growth both in their

companies to drive growth both in their marketing and also in the way they sell

marketing and also in the way they sell

marketing and also in the way they sell their products few examples the first

their products few examples the first

their products few examples the first and foremost I’m going to talk a little

and foremost I’m going to talk a little

and foremost I’m going to talk a little bit about how the brain works and how

bit about how the brain works and how

bit about how the brain works and how branding works so sorry for the my lousy

branding works so sorry for the my lousy

branding works so sorry for the my lousy form of humor here branding what you can

form of humor here branding what you can

form of humor here branding what you can see here is basically how

see here is basically how

see here is basically how purchase decisions are made purchase

purchase decisions are made purchase

purchase decisions are made purchase decisions are very emotional and they

decisions are very emotional and they

decisions are very emotional and they are very seldom rational and the way

are very seldom rational and the way

are very seldom rational and the way successful companies has been using and

successful companies has been using and

successful companies has been using and and been thinking about marketing is to

and been thinking about marketing is to

and been thinking about marketing is to build a complex structure of different

build a complex structure of different

build a complex structure of different memories around their brand so both

memories around their brand so both

memories around their brand so both number of memories so the quantity of

number of memories so the quantity of

number of memories so the quantity of memories we have around specific brand

memories we have around specific brand

memories we have around specific brand or product but also the quality of those

or product but also the quality of those

or product but also the quality of those memories we have about that brand or

memories we have about that brand or

memories we have about that brand or product that matters a lot when we

product that matters a lot when we

product that matters a lot when we actually are in the purchase in the

actually are in the purchase in the

actually are in the purchase in the point of purchase so that memory

point of purchase so that memory

point of purchase so that memory structure helps us to get that product

structure helps us to get that product

structure helps us to get that product out of the shelf when we are in the

out of the shelf when we are in the

out of the shelf when we are in the store where it helps us to search for

store where it helps us to search for

store where it helps us to search for the product or the service when we are

the product or the service when we are

the product or the service when we are online and how do you build that memory

online and how do you build that memory

online and how do you build that memory structure well you do that by

structure well you do that by

structure well you do that by stimulating a lot of different senses we

stimulating a lot of different senses we

stimulating a lot of different senses we have not only our visual senses but also

have not only our visual senses but also

have not only our visual senses but also through sound and through music so

through sound and through music so

through sound and through music so that’s why a lot of brands use music in

that’s why a lot of brands use music in

that’s why a lot of brands use music in their TV ads or in the radio ads or in

their TV ads or in the radio ads or in

their TV ads or in the radio ads or in their online content and I want to give

their online content and I want to give

their online content and I want to give you a few examples on how brands are

you a few examples on how brands are

you a few examples on how brands are using music in their marketing and in

using music in their marketing and in

using music in their marketing and in their sales and why do I talk about this

their sales and why do I talk about this

their sales and why do I talk about this right now well mainly because this has

right now well mainly because this has

right now well mainly because this has been a lot of research recently on this

been a lot of research recently on this

been a lot of research recently on this specific topic things that we were

specific topic things that we were

specific topic things that we were guessing or things we had a gut feeling

guessing or things we had a gut feeling

guessing or things we had a gut feeling about a couple of years ago now we can

about a couple of years ago now we can

about a couple of years ago now we can actually prove in research and specific

actually prove in research and specific

actually prove in research and specific cases so that’s going to the first one

cases so that’s going to the first one

cases so that’s going to the first one this is a example from one way of

this is a example from one way of

this is a example from one way of experiencing music from a live event and

experiencing music from a live event and

experiencing music from a live event and a recent study can actually prove that

a recent study can actually prove that

a recent study can actually prove that brands

brands

brands who are engaging in live events such as

who are engaging in live events such as

who are engaging in live events such as festivals or concerts and other music

festivals or concerts and other music

festivals or concerts and other music events they can gain from that

events they can gain from that

events they can gain from that investment they do in different ways but

investment they do in different ways but

investment they do in different ways but live events are really engaging the

live events are really engaging the

live events are really engaging the audience the audience are really forward

audience the audience are really forward

audience the audience are really forward leaning and very interested in

leaning and very interested in

leaning and very interested in experiencing the full event around that

experiencing the full event around that

experiencing the full event around that festival

festival

festival so if brands are there and are helping

so if brands are there and are helping

so if brands are there and are helping the festival attendees with something or

the festival attendees with something or

the festival attendees with something or if they make the experience a little bit

if they make the experience a little bit

if they make the experience a little bit more fun they are gonna get a good

more fun they are gonna get a good

more fun they are gonna get a good return on that investment

both in terms of likability of the brand

both in terms of likability of the brand but also in the way we consumers

but also in the way we consumers

but also in the way we consumers recommend that brand to our friends and

recommend that brand to our friends and

recommend that brand to our friends and family so that’s an example from the

family so that’s an example from the

family so that’s an example from the live event and festival scene another

live event and festival scene another

live event and festival scene another case I want to show you is how see how

case I want to show you is how see how

case I want to show you is how see how recorded music can improve sales so if

recorded music can improve sales so if

recorded music can improve sales so if the former example was around branding

the former example was around branding

the former example was around branding this example is about sales how can

this example is about sales how can

this example is about sales how can music drive sales the example given here

music drive sales the example given here

music drive sales the example given here is actually a recent Swedish study and

is actually a recent Swedish study and

is actually a recent Swedish study and it’s this biggest study on this topic

it’s this biggest study on this topic

it’s this biggest study on this topic ever globally where where the company

ever globally where where the company

ever globally where where the company actually have analyzed their background

actually have analyzed their background

actually have analyzed their background music they play in their quick service

music they play in their quick service

music they play in their quick service restaurants and with different types of

restaurants and with different types of

restaurants and with different types of scenarios of music and different type of

scenarios of music and different type of

scenarios of music and different type of programming of music in different

programming of music in different

programming of music in different restaurants they have been able to track

restaurants they have been able to track

restaurants they have been able to track how sales is influenced by the music

how sales is influenced by the music

how sales is influenced by the music they play in their restaurants and for a

they play in their restaurants and for a

they play in their restaurants and for a big company like this one an increase of

big company like this one an increase of

big company like this one an increase of 9 percent in sales is obviously

9 percent in sales is obviously

9 percent in sales is obviously fantastic achievement and a great in

fantastic achievement and a great in

fantastic achievement and a great in it so again they want to use music even

it so again they want to use music even

it so again they want to use music even more and they are thinking about

more and they are thinking about

more and they are thinking about background music even harder to increase

background music even harder to increase

background music even harder to increase their sales and it’s great because

their sales and it’s great because

their sales and it’s great because everybody wins

everybody wins

everybody wins the customer wins because they have a

the customer wins because they have a

the customer wins because they have a better experience of their visit to this

better experience of their visit to this

better experience of their visit to this restaurant the staff wins because they

restaurant the staff wins because they

restaurant the staff wins because they get a better work shift because it’s

get a better work shift because it’s

get a better work shift because it’s their music they are you know happier

their music they are you know happier

their music they are you know happier and feel more motivated and obviously

and feel more motivated and obviously

and feel more motivated and obviously the shareholders wins as well because an

the shareholders wins as well because an

the shareholders wins as well because an increase in nine percent is pretty good

increase in nine percent is pretty good

increase in nine percent is pretty good for chairs value so that’s a example

for chairs value so that’s a example

for chairs value so that’s a example from how music can increase sales but

from how music can increase sales but

from how music can increase sales but this is an example also a recent study

this is an example also a recent study

this is an example also a recent study how you can increase productivity and

how you can increase productivity and

how you can increase productivity and creativity at the workplace with music

creativity at the workplace with music

creativity at the workplace with music again this is background music and also

again this is background music and also

again this is background music and also the music that people the individual

the music that people the individual

the music that people the individual staff members are listening to at the

staff members are listening to at the

staff members are listening to at the office so by choosing and programming

office so by choosing and programming

office so by choosing and programming the right music you can actually

the right music you can actually

the right music you can actually increase productivity and also

increase productivity and also

increase productivity and also creativity and just imagine what that

creativity and just imagine what that

creativity and just imagine what that can do with a lot of different companies

can do with a lot of different companies

can do with a lot of different companies or schools for that matter last example

or schools for that matter last example

or schools for that matter last example on background music this is a bit more

on background music this is a bit more

on background music this is a bit more is it is a more an anecdotal study but

is it is a more an anecdotal study but

is it is a more an anecdotal study but still a nice and interesting case a wine

still a nice and interesting case a wine

still a nice and interesting case a wine store recently did an experiment where

store recently did an experiment where

store recently did an experiment where they played in different times during

they played in different times during

they played in different times during the day they played French music

the day they played French music

the day they played French music different times of the day they played

different times of the day they played

different times of the day they played German music and guess what when German

German music and guess what when German

German music and guess what when German music was played they sold more German

music was played they sold more German

music was played they sold more German wine and another fact is that when they

wine and another fact is that when they

wine and another fact is that when they played classical music they sold more

played classical music they sold more

played classical music they sold more expensive wines so it’s very

expensive wines so it’s very

expensive wines so it’s very subconscious this regarding background

subconscious this regarding background

subconscious this regarding background music

music

music it’s really interesting to see all the

it’s really interesting to see all the

it’s really interesting to see all the new research and new insights we get

new research and new insights we get

new research and new insights we get from a lot of companies who are daring

from a lot of companies who are daring

from a lot of companies who are daring to test and try this so I was just want

to test and try this so I was just want

to test and try this so I was just want to end off with with this music can help

to end off with with this music can help

to end off with with this music can help companies and brands in different

companies and brands in different

companies and brands in different aspects in both marketing and in sales

aspects in both marketing and in sales

aspects in both marketing and in sales and also in the company culture so my

and also in the company culture so my

and also in the company culture so my question is how can your company press

question is how can your company press

question is how can your company press play or music thank you

”

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