The Technology Report That Blew Morgan Stanley Away

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As Channel Nine attempts to launch Go Digital as a HD channel aimed at teenagers and kids, a 15 year old UK has given them a rare insight into how kids think today while doing work experience at investment bank Morgan Stanley.

Over 48 hours, 15 year old Matthew Robson wrote an insight paper on how teenagers think and act and when senior management at the company saw it they were blown away by the content.

This is what he had to say:

Radio: With online sites streaming music for free they do not bother, as services such as last.fm do this advert free and users can choose the songs they want instead of listening to what the radio presenter/DJ chooses

Newspapers: No teenager that I know of regularly reads a newspaper, as most do not have the time and cannot be bothered to read pages and pages of text while they could watch the news summarised on the internet or on TV

Internet: Facebook is the most common, with nearly everyone with an internet connection registered. On the other hand, teenagers do not use Twitter

Music :They are very reluctant to pay for it (most having never bought a CD) Teenagers from higher income families use iPods and those from lower income families use mobile phones

Directories: Real directories contain listings for builders and florists, which are services teenagers do not require. They can get the information free on the internet

Viral/Outdoor Marketing: “Most teenagers enjoy and support viral marketing… Teenagers see adverts on websites (pop-ups, banner ads) as extremely annoying and pointless…they are portrayed in such a negative light that no one follows them.”

 

 

Cinema: Teenagers visit the cinema more often when they are in the lower end of teendom but as they approach 15 they go to the cinema a lot less. This is because of the pricing; at 15 they have to pay the adult price. Also it is possible to buy a pirated DVD of the film at the time of release, and these cost much less than a cinema ticket

Mobile phones: The general view is that Sony Ericsson phones are superior, because of their long list of features, built-in Walkman capacity and value.

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