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	<title>Thoughts + Observations</title>
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	<description>Graj + Gustavsen</description>
	<lastBuildDate>Mon, 14 May 2012 14:43:07 +0000</lastBuildDate>
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		<title>BRAND PACKAGES HAVE MATURITIES</title>
		<link>http://www.ggny.com/blog_gg/?p=966</link>
		<comments>http://www.ggny.com/blog_gg/?p=966#comments</comments>
		<pubDate>Mon, 14 May 2012 14:43:07 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=966</guid>
		<description><![CDATA[A few weeks back, The New York Times reported on the 2012 Vehicle Dependability Study released by J.D. Power &#38; Associates. For me, the matter-of-factness of the findings was the most stunning feature: &#8220;Of the 32 brands in the survey, 25 improved from 2011, one remained stable and only six declined. . . . [N]o [...]]]></description>
			<content:encoded><![CDATA[<p><strong>A few weeks back, </strong><a href="http://wheels.blogs.nytimes.com/2012/02/15/j-d-power-vehicle-dependability-is-at-historical-high/"><strong><em>The New York Times</em></strong></a><strong><em> </em></strong><strong>reported  on the 2012 Vehicle Dependability Study released by J.D. Power &amp;  Associates. For me, the matter-of-factness of the findings was the most  stunning feature: &#8220;Of the 32 brands in the survey, 25 improved from  2011, one remained stable and only six declined. . . . [N]o brand had  more than 192 problems per 100 units this year, compared with 221  problems per 100 last year.&#8221; A J.D. Power exec was quoted as saying;  &#8220;&#8216;There are no really bad vehicles anymore . . .&#8217;” </strong></p>
<p>Ho-hum  good news, one might think. An absolute game-changer, I say! If you&#8217;re  an auto manufacturer, you have to know that people trust the car they  buy will work. Indeed, we have the technology to make sure that  expectation is realistic. Not that many years ago, demanding car  shoppers studiously avoided cars assembled on Mondays. With humans  involved far more heavily in the construction, who knew if someone on  the line was mending a weekend binge?</p>
<p>That means the brand package  for cars has changed dramatically to an emphasis on features. Our  family just recently bought a new van. Hotly contested issues included:</p>
<ul>
<li>Were seat warmers available both back and front?</li>
<li>Was the back-seat video screen big enough for the kids to watch TV?</li>
<li>Did the GPS have a pleasant enough voice?</li>
</ul>
<p>Who would have dreamed of these as priority considerations a decade ago?</p>
<p>How  do you know when your brand package reaches a new level of evolutionary  maturity? Close and continuous study of the market is indispensable:</p>
<ul>
<li>The time span between development of new technologies and their widespread availability is becoming shockingly small.</li>
<li>The lateral transfer of technologies from even remote industries is becoming commonplace.</li>
<li>The quality claims upon which your brand reputation may have been staked for decades may now sound trite or even quaint.</li>
</ul>
<p><strong>IT  PAYS TO STAY ALERT AND A LITTLE NERVOUS. DON&#8217;T EVER ASSUME A BRAND&#8217;S  HALLMARK STRENGTHS ARE WRITTEN IN PERMANENT INK. ENTREPRENEUR VICTOR  KIAM SUMMED UP THE DYNAMICS OF COMPETITION THIS WAY: &#8220;IN BUSINESS, THE  COMPETITION WILL BITE YOU IF YOU KEEP RUNNING. IF YOU STAND STILL, THEY  WILL SWALLOW YOU.&#8221;</strong></p>
<p>© 2012<strong><br />
</strong></p>
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		<title>PUT YOUR BRAND IN THE GAME</title>
		<link>http://www.ggny.com/blog_gg/?p=964</link>
		<comments>http://www.ggny.com/blog_gg/?p=964#comments</comments>
		<pubDate>Mon, 07 May 2012 14:44:06 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Gaming]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=964</guid>
		<description><![CDATA[So many companies think narrowly about the brand game universe. Should I be a virtual-whatever in CityVille? That question may have clout in its own right, but don&#8217;t overlook the deeper challenge. Gaming is all about the search for &#8220;Good-Life Moments&#8221; – the quest for surprise and satisfaction in everyday life. That&#8217;s THE GAME – [...]]]></description>
			<content:encoded><![CDATA[<p><strong>So many companies think narrowly about the brand game  universe. Should I be a virtual-whatever in CityVille? That question may  have clout in its own right, but don&#8217;t overlook the deeper challenge.  Gaming is all about the search for &#8220;Good-Life Moments&#8221; – the quest for  surprise and satisfaction in everyday life. That&#8217;s <em>THE GAME – </em>the<em> </em>big-stakes contest available to every viable brand.</strong></p>
<p>These questions may help audit your brand knack at being a plausible &#8220;game&#8221; platform:</p>
<ul>
<li>Do  you routinely (but not predictably!) offer little rewards to your  customers? It could be bonusing them with more ounces of content.  Perhaps it&#8217;s a tip sheet on how to wear an accessory with a sporty new  flair. Maybe it&#8217;s a <strong><em>heretical </em></strong>suggestion on how to use <em>less </em>of your product and save money.</li>
<li>When you are cute and clever, do you invest time and energy on touches that pay off for the customer? Some browsers may find Google&#8217;s increasingly frequent antics with their logo to be creative. Many see these doodles as a distracting nuisance. What if Google offered a fresh link from time-to-time that made your search time on Google more productive . . . or suggested when Bing or Yahoo! might even be a better search tool? Remember when Macy&#8217;s Kris Kringle sends shoppers to Gimbels in <em>Miracle on 34<sup>th</sup> Street</em>? You can&#8217;t project more sovereign authority and confidence than that.</li>
<li>Do you shake up your assortment with guest stars? Perhaps a merchant offers a special coffee blend for just a couple of weeks. Starbucks does. In China, McDonald&#8217;s presents a limited-time Chinese New Year meal with curly fries.</li>
<li>People  can see a pitch coming 10 miles away. . . and our pitch detection  antennae get better every day. Are you still pitching yourself? Worse  yet, do you try to conceal premeditation? Teach consumers to use your  brand intelligently or reveal unknown and substantial facts about your  sustainability and provenance.</li>
<li>Do you really believe that  offering products assembled by cookie spyware endears you to consumers?  How welcoming can individuals be of relentless surveillance of their  shopping?</li>
</ul>
<p><strong>TAKE LITTLE RISKS AND DELIGHT CONSUMERS  WITH TINY PLEASURES. LUXURY IS ANYTHING DESIRABLE IN LIMITED SUPPLY &#8230;  SOMETHING YOU DON&#8217;T HAVE EVERY DAY. THAT&#8217;S THE #1 FILTER. KNOW YOUR  CUSTOMERS WELL ENOUGH TO LIGHT THAT LITTLE FIRE OF ENTHUSIASM, AND FIND A  PROFESSIONAL&#8217;S SATISFACTION IN DOING WHAT YOU DON&#8217;T HAVE TO.</strong></p>
<p>© 2012<strong><br />
</strong></p>
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		<title>RESURRECT YOUR BRAND BY UNEARTHING ITS ORIGINS</title>
		<link>http://www.ggny.com/blog_gg/?p=961</link>
		<comments>http://www.ggny.com/blog_gg/?p=961#comments</comments>
		<pubDate>Mon, 30 Apr 2012 17:07:08 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=961</guid>
		<description><![CDATA[Not long ago, the BBC reported Russian scientists have been able to grow plants from seeds that have been frozen for 30,000 years. The seeds were packed away by ancient squirrels. Their larder was struck by a sudden temperature crash. The seeds chilled out in the deepest of deep-freezes ever since . . . until [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Not long ago, the</strong><a href="http://www.bbc.co.uk/news/science-environment-17100574"><strong> BBC</strong></a><strong> reported Russian scientists have been able to grow plants from seeds   that have been frozen for 30,000 years. The seeds were packed away by   ancient squirrels. Their larder was struck by a sudden temperature   crash. The seeds chilled out in the deepest of deep-freezes ever since .   . . until a few days ago, when they blossomed!<br />
</strong><br />
The  project&#8217;s guiding scientist remarked: &#8220;[So] there is an opportunity  to  resurrect flowering plants that have gone extinct in the same way  that  we talk about bringing mammoths back to life, the Jurassic Park  kind of  idea.&#8221;</p>
<p>These resurrected, antique strains of <em>Silene stenophylla</em> have messages for modern brand managers. The deep-frozen seeds were   gotten to grow by crafting a new placenta – embedding the seed in   “placental” tissue from seed-fruit itself. Flip forward to reviving   brands. One plausible starting point is to bring the original brand   literally back to life for the managers charged with the revival task.</p>
<p>Re-create  the experiences associated with a brand when it was fresh  and thriving  (a kind of brand “placenta”) to see how it once flourished  and fit in  the brand jungle. That original experience might include  the sort of  stuff stashed away in most company archives:</p>
<ul>
<li>Newspaper and popular song references,</li>
<li>Old print and black-and-white TV ads,</li>
<li>Original strategic plans,</li>
<li>And decades-old customer praise and complaint letters.</li>
</ul>
<p><strong>DON&#8217;T  DISMISS ARCHIVAL TREASURES AS NOSTALGIA ABOUT A BRAND  THAT ONCE WAS.  NAIL A TOEHOLD: RE-CREATE THE EXPERIENCE THAT COULD HELP  REVEAL HOW A  BRAND ACTUALLY GRABBED PEOPLE IN ITS ORIGINAL HEYDAY!</strong><br />
© 2012<strong><br />
</strong></p>
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		<title>SKILL SET OF A BRAND CURATOR</title>
		<link>http://www.ggny.com/blog_gg/?p=957</link>
		<comments>http://www.ggny.com/blog_gg/?p=957#comments</comments>
		<pubDate>Mon, 23 Apr 2012 17:16:26 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Brand Curator]]></category>
		<category><![CDATA[Brand DNA]]></category>
		<category><![CDATA[Thomas Hoving]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=957</guid>
		<description><![CDATA[Again and again it&#8217;s stressed: &#8220;Today&#8217;s brand managers must be outstanding curators of brand values and identity.&#8221; So: What exactly does being a brand curator entail? More often than not, the answer you get is: &#8220;Beats me.&#8221; As I see it, here are imperatives that guide a consummate brand curator: Know the DNA of the [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Again and again it&#8217;s stressed: &#8220;Today&#8217;s brand managers must be outstanding curators of brand values and identity.&#8221; So: <em>What exactly does being a brand curator entail? </em>More often than not, the answer you get is: &#8220;Beats me.&#8221;</strong><strong></strong></p>
<p>As I see it, here are imperatives that guide a consummate brand curator:</p>
<ul>
<li>Know the <a href="http://www.ggny.com/blog_gg/?p=379">DNA</a> of the brand inside out and defend its essence.</li>
<li>Keep the brand authentic.  Steadfastly resist the temptation to compromise brand value in pursuit of short-term opportunity.</li>
<li>Know  how the brand connects with its target market and the values that  differentiate it as valuable. (And, welcome customers who customize the  brand constructively.)</li>
<li>Sense how the brand fulfills any customer&#8217;s constant desire for &#8220;good life moments&#8221; – moments to which we all feel entitled.</li>
<li>Constantly &#8220;dust&#8221; the merchandise to let the brand sparkle fresh, and keep re-focusing the spotlight to maintain the aura.</li>
<li>Ally  yourself with the agendas of brand enthusiasts and evangelists in  social networks. These are the brand &#8220;patrons&#8221; who celebrate central  brand values. Their brand problems and challenges demand prompt  resolution.</li>
<li>When the brand is licensed, regard licensing as an  act of trust like a &#8220;loaned&#8221; exhibit to a great museum. Only entrust  your brand to best-in-class licensing resources.</li>
<li>Immerse yourself in the brand experience of competitors to learn how they might excel where you merely dabble.</li>
</ul>
<p>Thomas Hoving was a distinguished curator of New York&#8217;s Metropolitan Museum of Art. In <em>Making the Mummies Dance</em>,  Hoving wrote revealingly about two curator traits: (1) His curators  were inexhaustibly passionate in what they did. &#8220;Most couldn&#8217;t go to  sleep without looking at yet one more photo of a work of art.&#8221; (2) They  were broader gauged than expected. &#8220;[M]ost art curators possessed a  surprising knowledge about other fields&#8230;&#8221;</p>
<p><strong>PASSION BREEDS FOCUSED ENERGY, <em>AND</em> INTELLIGENT CURIOSITY UNDERPINS BREADTH: A GRASP OF BIG-PICTURE CONTEXT. AWESOME CURATORS HAVE BOTH.</strong><br />
© 2012</p>
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		<title>BRAND RETAILING: BACK IT WITH BODY &amp; SOUL</title>
		<link>http://www.ggny.com/blog_gg/?p=951</link>
		<comments>http://www.ggny.com/blog_gg/?p=951#comments</comments>
		<pubDate>Mon, 16 Apr 2012 16:24:37 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Body Language]]></category>
		<category><![CDATA[Brand Experience]]></category>
		<category><![CDATA[Brand Retailing]]></category>
		<category><![CDATA[Dr. Carol Kinsey Goman]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=951</guid>
		<description><![CDATA[&#160; Body language is a listening skill. Samuel Goldwyn – the centerpiece initial in MGM – was an unrivaled connoisseur of talent, writers in particular. He lassoed aces like Ben Hecht and Lillian Hellman. He also once launched a meeting with an admonition: &#8220;Gentlemen, listen to me slowly.&#8221; Smart advice. We all race to get [...]]]></description>
			<content:encoded><![CDATA[<p>&nbsp;</p>
<p><strong>Body language is a listening skill. Samuel Goldwyn – the  centerpiece initial in MGM – was an unrivaled connoisseur of talent,  writers in particular. He lassoed aces like Ben Hecht and Lillian  Hellman. He also once launched a meeting with an admonition: &#8220;Gentlemen,  listen to me slowly.&#8221;</strong> <strong>Smart advice. We all race to get to the point. Sometimes it pays to slow down . . . reading body language as much as words.</strong></p>
<p>People like stores where staff enjoys being a part of the story. Great staff radiates the brand experience.</p>
<p>Stores  lecture their associates endlessly about the right words to greet  customers. So often retailers ignore what body language says. Carriage,  gesture, pace and poise speak volumes.</p>
<p>In a words-are-cheap world, deals are sealed with sincere smiles and straightforward signals.</p>
<p>How do you banter and dance when no one&#8217;s looking?</p>
<ul>
<li>The right greeting is more <strong><em>how</em></strong> you say it than what you say.</li>
<li>A handshake&#8217;s grip and flair can be a tribal trademark.</li>
<li>In a second, sluggish eye contact telegraphs either &#8220;Get lost!&#8221; <strong><em>OR</em></strong> &#8220;I&#8217;m all yours. How can I help?&#8221;</li>
</ul>
<p>Check out Dr. Carol Kinsey Goman&#8217;s tutorial on negotiation body language that appeared in <em>Forbes </em>last year: <a href="http://www.forbes.com/sites/carolkinseygoman/2011/03/31/4-tips-for-reading-body-language-in-a-negotiation/">http://www.forbes.com/sites/carolkinseygoman/2011/03/31/4-tips-for-reading-body-language-in-a-negotiation/</a> The bigger the ticket, the more the sale becomes a negotiation: a  negotiation over terms . . . over price . . . or simply salesperson  likability.</p>
<p>© 2012</p>
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		<title>MAKE YOUR BRAND A BUSINESS DIAGNOSTIC</title>
		<link>http://www.ggny.com/blog_gg/?p=947</link>
		<comments>http://www.ggny.com/blog_gg/?p=947#comments</comments>
		<pubDate>Wed, 04 Apr 2012 17:22:15 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Social Media]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=947</guid>
		<description><![CDATA[So often, brands are considered the outcomes – the finished products of a business. For the inventive, brands can crawl inside the business. They are revealing research probes. The results learned can be stunning. Traditional logic: Any badly managed company will almost certainly manage its brands poorly. Maverick logic: Use the brand itself as a [...]]]></description>
			<content:encoded><![CDATA[<p><strong>So often, brands are considered the outcomes – the finished  products of a business. For the inventive, brands can crawl inside the  business. They are revealing research probes. The results learned can be  stunning.</strong></p>
<p><strong>Traditional logic:</strong> Any badly managed company will almost certainly manage its brands poorly.</p>
<p><strong>Maverick logic:</strong> Use the <strong><em>brand itself</em></strong> as a tool to detect flaws in the company&#8217;s management process.</p>
<p><strong>Put maverick logic to work:</strong></p>
<ul>
<li><a href="http://www.ggny.com/blog_gg/?p=874">Social media</a> buzz discloses the state of the brand in the consumers&#8217; world. Do you monitor buzz about the brand <strong><em>inside the company</em></strong> with the same intensity as you do in the marketplace?<strong> </strong><strong> </strong></li>
<li>Is your firm dedicated to the primary goal of directly and  passionately supporting a superior customer experience? Starbucks and  Apple are.</li>
<li>What are the weakest points of a typical customer experience with  your brand? Are these the weakest links in your organization? Are these  units also designed or measured against outdated standards?</li>
<li>Is everyone on your team always centered on what the brand  experience means today, how it may be changing . . . and what that  experience says about where your team should spend its time?</li>
<li>What are the central values that delight customers about your brand?  How much energy and how many dollars do you waste trying to deliver  values that customers find insignificant or irrelevant?</li>
</ul>
<p>As CEO of Carter&#8217;s children&#8217;s apparel, Fred Rowan had incredible  brand focus. When we worked with him in brand development several years  ago, he would regularly remind us and his colleagues to &#8220;Trust in few  things.&#8221; Carter&#8217;s has prospered as a brand through its command in the  category of layette sets for newborns.</p>
<p><strong>NEVER TAKE YOUR EYE OFF THE CORE OF YOUR CUSTOMER&#8217;S BRAND EXPERIENCE.</strong></p>
<p>© 2012<strong><br />
</strong></p>
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		<title>DOCKING: NEW-AGE BRAND LICENSING</title>
		<link>http://www.ggny.com/blog_gg/?p=942</link>
		<comments>http://www.ggny.com/blog_gg/?p=942#comments</comments>
		<pubDate>Mon, 05 Mar 2012 14:50:02 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Brand Licensing]]></category>
		<category><![CDATA[Docking]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Warren Buffett]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=942</guid>
		<description><![CDATA[Docking? Most of us do it every day as we launch or switch systems or transfer interfaces on our PCs or tablet computers. Of course, the term has nautical roots. Our use of it in computing is more strongly tied to the latter-day docking achieved between craft launched into space. Docking in outer space has [...]]]></description>
			<content:encoded><![CDATA[<p>Docking? Most of us do it every day as we launch or switch systems or  transfer interfaces on our PCs or tablet computers. Of course, the term  has nautical roots. Our use of it in computing is more strongly tied to  the latter-day docking achieved between craft launched into space.</p>
<p>Docking in outer space has become a silent, precise and misleadingly  effortless ballet. The early days of extraterrestrial docking were  hardly that. First off, aligning craft at huge distances is no small  matter. Another challenge to beset early dockers was to deplete their  &#8220;maneuvering fuel&#8221; before they could achieve the targeted contact.</p>
<p>Today the world of brand licensing has become a kind of elaborate docking exercise. <strong><em>Modern licensing resembles docking in virtual reality.</em></strong> Not only is it tricky, the scale of enterprise has become  breathtakingly huge. A 2008 study by the Licensing Industry  Merchandisers&#8217; Association said licensing was a $150 billion business  worldwide with $95 billion of it centered in the United States. Among  important trends, the report noted licensing was &#8220;used as a means to  accomplish different goals&#8221; and that &#8220;deals are getting bigger.&#8221;</p>
<p>I would add that licensing has become an almost automatic option when  one thinks of brand development or acquisition. And here&#8217;s the peril:  Because it&#8217;s seen nearly as a given, licensing success is regarded as a  sure thing . . . a mechanical afterthought. Hardly done with push-button  ease, state-of-the-art licensing is more reminiscent of the early days  of space docking. In fact, we live in a world of intangibles. Without  the right experience or sound counsel, getting it right can require  considerable energy and effort.</p>
<p>Important processes need attention, including these:</p>
<ul>
<li>Licensing increasingly involves multiple partners in very different  industries. Is brand consistency between these different realms actively  managed?</li>
<li>Are licensed products subjected to calendarized and / or seasonal reviews?</li>
<li>Is there ongoing awareness of broad trends in technology and  competition which may extend beyond the scope of even the best  licensees?</li>
<li>Is <a href="http://www.ggny.com/blog_gg/?p=874">brand value</a> regarded from both legacy and futuristic standpoints? And are all  parties aware of where, when and how investments are being made to  uphold brand value?</li>
</ul>
<p>When brand licensing goes astray, it&#8217;s usually the result of process breakdowns in docking. But, as Warren Buffett is fond of saying: &#8220;In the business world, the rearview mirror is always clearer than the windshield.&#8221;</p>
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		<title>POST-VISIONARY LICENSING DIAGNOSTICS</title>
		<link>http://www.ggny.com/blog_gg/?p=940</link>
		<comments>http://www.ggny.com/blog_gg/?p=940#comments</comments>
		<pubDate>Mon, 27 Feb 2012 17:16:50 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Brand Managment]]></category>
		<category><![CDATA[Brand Ownership]]></category>
		<category><![CDATA[Howard Schultz]]></category>
		<category><![CDATA[Starbucks]]></category>
		<category><![CDATA[Tim Cook]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=940</guid>
		<description><![CDATA[In 2008, Howard Schultz added back his roles of president and CEO of Starbucks to that of chairman. He has been determined to recapture the &#8220;distinctive Starbucks experience&#8221; after the company&#8217;s performance and share price had sagged. All eyes are on Tim Cook in Cupertino to see how he will steer the vision for a [...]]]></description>
			<content:encoded><![CDATA[<p>In 2008, Howard Schultz added back his roles of president and CEO of Starbucks to that of chairman. He has been determined to recapture the &#8220;distinctive Starbucks experience&#8221; after the company&#8217;s performance and share price had sagged. All eyes are on Tim Cook in Cupertino to see how he will steer the vision for a post-Steve Jobs Apple team.</p>
<p>Neither of these corporate illustrations is germane to the licensing  experience on my mind today. However, they drive home how sensitive a  brand can be to nuanced leadership. We see this vulnerability often in  licensing arrangements after a brand has changed ownership, and the  founder-entrepreneur is no longer a part of the landscape.</p>
<p>The absence or departure of a founder-entrepreneur can have mammoth  impact on the value and future of a brand. Truly gifted brand managers  have multi-dimensional models for the opportunity locked inside of  brands. This aptitude or gift may seem irreplaceable. In truth, filling  the brand management gap is feasible . . . but the transition is often  far from easy.</p>
<p>The most simplistic, though often fatal error made is to assume brand value is simply an inheritable asset. <strong><em>Uncompromising differences separate </em></strong><a href="http://www.ggny.com/blog_gg/?p=883"><strong><em>brand ownership</em></strong></a><strong><em> from skillful brand management.</em></strong> When a brand asset passes from a founder-entrepreneur&#8217;s hands, it often  becomes a colorless series of income streams. It&#8217;s easy and dangerous  for financial managers to compartmentalize a brand in a way an  entrepreneur-founder rarely would.</p>
<p>There are a variety of approaches for subjecting a brand to rigorous  brand management – either within an organization or outsourced. Creating  cookie-cutter descriptions for either sort of manager is somewhat  futile because of the personalized touches required. A more useful  checklist identifies whether key brand management needs are being  addressed:</p>
<ul>
<li>Is the brand equipped with a genuine operating model, not just a series of revenue and profit projections?</li>
<li>If production for existing or extended categories is shifted outside  the organization, are relationships struck with best-in-class  resources?</li>
<li>Are strong incentive structures in place to uphold brand quality and  to keep its identity current? (More and more collaborative agreements  provide for shared stake-holding arrangements to achieve exactly that  end.)</li>
<li>Is the brand anchored to welcome consumer input in evolving the brand identity and positioned for success in social media?</li>
</ul>
<p>It&#8217;s remarkable but true that outsourcing production of the brand can actually <strong><em>improve</em></strong> creativity and the ability to spot and seize opportunities.</p>
<p>Manufacturing companies are often imperiled by the day-to-day rush of  production. The fundamental and inescapable truth is this: If you own a  brand and the founding spirit is no longer a force in energizing the  brand, you will then need a way to fuel and renew the brand. Permit the  asset to grow cold and irrelevant . . . and the investment you may have  paid handsomely for is bound to whither from neglect.</p>
<p>© 2012</p>
<div><img src="http://img.zemanta.com/pixy.gif?x-id=d27e4a0f-a7aa-4742-9d62-587b5fe1dd5c" alt="" /></div>
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		<title>BRAND MANAGEMENT: A SURVIVAL CHECKLIST</title>
		<link>http://www.ggny.com/blog_gg/?p=937</link>
		<comments>http://www.ggny.com/blog_gg/?p=937#comments</comments>
		<pubDate>Tue, 21 Feb 2012 17:59:46 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[L'Oreal]]></category>
		<category><![CDATA[Luxottica]]></category>
		<category><![CDATA[Peter Drucker]]></category>
		<category><![CDATA[Polo Ralph Lauren]]></category>
		<category><![CDATA[Ralph Lauren]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=937</guid>
		<description><![CDATA[Ralph Lauren&#8217;s Polo neckties debuted at his Manhattan tie shop in the late 1960s. In short order thereafter, came men&#8217;s and women&#8217;s fashion breakthroughs. The pivotal short-sleeve, Polo-logo mesh shirt arrived in 1972. The momentum was unstoppable. Today Polo Ralph Lauren&#8217;s volume is well over $5 billion. Polo Ralph Lauren is not just a classic [...]]]></description>
			<content:encoded><![CDATA[<p>Ralph Lauren&#8217;s Polo neckties debuted at his Manhattan  tie shop in the late 1960s. In short order thereafter, came men&#8217;s and  women&#8217;s fashion breakthroughs. The pivotal short-sleeve, Polo-logo mesh  shirt arrived in 1972. The momentum was unstoppable. Today Polo Ralph Lauren&#8217;s volume is well over $5 billion.</p>
<p>Polo Ralph Lauren  is not just a classic among brands. It represents the quintessence of  brand management. Its relations with tennis at Wimbledon and the USTA  and its outfitting of U.S. Olympic teams broke ground. They formed some  of the most admired apparel / athletic partnerships around. As the brand  extended itself into fragrances, Ralph Lauren  skillfully selected L&#8217;Oreal. For eyewear, Luxottica was the pick. Both  those partners are today the world&#8217;s largest in their respective  specialties.</p>
<p>There are many ways to manage a brand well. A  surefire to run it badly is to consider the brand to be a self-managing  revenue machine. Ralph Lauren is just the opposite. A <a href="http://www.ft.com/intl/cms/s/0/f5368af0-f6fe-11de-9fb5-00144feab49a.html">2010 <em>Financial Times </em>article</a> commented: “Ralph knows everything, and signs off on everything, from  stationery to hedging strategies. This can be frustrating if you like  decisions made very fast, but it also ensures consistency.”</p>
<p>From the very outset, Lauren managed the business with the invaluable asset of objective eyes. In the <em>FT </em>article,  the founder commented this is “not a family company. It’s a public  company built on an individual vision. There are 41 people in the  company who have been here 21 years or longer, and only one of those . .  .  is actually a member of my family. I’ve had an outside president  almost since I started.”</p>
<p>My readers know my core survival  checklist. It&#8217;s tried and true . . .and it  remains unchanged. Brand  management regularly monitors performance against four measures:</p>
<ul>
<li>Is  the brand routinely assessed versus the state of the economy? Economic  swings can redefine entire categories. And compel yourself to look at  broader economic trends <strong><em>crossing</em></strong> industry lines.</li>
<li>How  is the brand faring against its specific industry? Today, that so very  often translates to ability to stay apace of changes in underlying  technology.</li>
<li>What exactly is the firm&#8217;s management capable of  achieving and how well prepared is the team to spot and maximize future  opportunity?</li>
<li>Lastly, is the basic <a href="http://www.ggny.com/blog_gg/?p=379">brand DNA</a> kept vital and manifested in fresh ways?</li>
</ul>
<p>This  list harkens back to the incomparable importance of consistency in  brand management. A passage from Peter Drucker on value triggered a  kindred thought in me: Be especially sure your team has a common way of  valuing what you learn . . . because how you intuit value drives how you  and your colleagues behave.</p>
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		<title>CONSUMERS: MARKET WITH THEM, NOT TO THEM</title>
		<link>http://www.ggny.com/blog_gg/?p=933</link>
		<comments>http://www.ggny.com/blog_gg/?p=933#comments</comments>
		<pubDate>Tue, 14 Feb 2012 15:56:15 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[FarmVille]]></category>
		<category><![CDATA[Virtual Reality]]></category>
		<category><![CDATA[Virtual World]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=933</guid>
		<description><![CDATA[On the train home each evening, I gaze over the seats. What do I see? A sea of gaming. Solitaire. Scrabble. Everyone needs a little break. We live in an overwhelmingly intricate world. Every direct step we take gets deflected or postponed. We yearn to take slam-dunk actions, but direct hits are rare. Each score [...]]]></description>
			<content:encoded><![CDATA[<p>On the train home each evening, I gaze over the seats. What do I see?  A sea of gaming. Solitaire. Scrabble. Everyone needs a little break.</p>
<p>We live in an overwhelmingly intricate world. Every direct step we  take gets deflected or postponed. We yearn to take slam-dunk actions,  but direct hits are rare. Each score requires endless backboarding and  rebounding. By contrast, gaming delivers an immediate, reliable and very  satisfying result.</p>
<p>In many cases gaming is a distraction. In a growing way, it&#8217;s an  opportunity to participate socially. We don&#8217;t just want to be affected.  We want to have an effect: Push a button and make a mark that others can  acknowledge. Enjoy a little bit of a win in a public, albeit virtual  space..</p>
<p>There&#8217;s another slant: The virtual world can be practice for the real  world as much as it is an escape from it. Brands need to go to school  on this stunning fact. They need to understand how to live meaningfully  in the virtual world . . . or somewhere in between virtual and  nuts-and-bolts real.</p>
<p>Building a Starbucks  franchise in a FarmVille virtual city for firms like Zynga and Facebook  is just an inkling. As people spend their coveted &#8220;breather&#8221; time in  virtual space, brands will find a way to join them. Brands will become  part of the natural fabric of virtual space, especially in gaming.  Brands that do so successfully, I predict, will also recognize and  respect the new marketing consciousness. They&#8217;ll build no &#8220;push&#8221;,  supportive alliances.</p>
<p>Perhaps each of us will possess a branding bank . . . an identity  bank . . . an avatar bank in the future. Perhaps the new synergy will  permit both brands and individuals to be heroes in a radically new and  authentic way.</p>
<p>Perhaps the most valuable intellectual property of the future will be  hundreds of millions of personal brands anchored in cyberspace – each  of them with traces of commercial brand presence in their composite  identities. Could such hashtags create our personalized nicknames in a  virtual future?</p>
<p>How can a brand &#8220;game&#8221; with consumers in respectful, meaningful and  invigorating ways? Play unleashes great peace, satisfaction and  creativity. That intriguing mindset might be the &#8220;marketing with&#8221; engine  of the future.</p>
<div><img src="http://img.zemanta.com/pixy.gif?x-id=066ca477-366e-42b1-a332-66d59e52fda7" alt="" /></div>
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		<title>BE A BRAND CATALYST</title>
		<link>http://www.ggny.com/blog_gg/?p=929</link>
		<comments>http://www.ggny.com/blog_gg/?p=929#comments</comments>
		<pubDate>Tue, 14 Feb 2012 15:54:36 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[Ikea]]></category>
		<category><![CDATA[Ingvar Kamprad]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=929</guid>
		<description><![CDATA[Don&#8217;t create products just to fill up space. Companies still attempt to build and extend brands on neat and tidy projections of a target market. Above all else, the brand is exploited as a bankable, predictable money-making vehicle first and foremost. IKEA&#8217;s founder Ingvar Kamprad had a much different vision. Now the biggest furniture merchant [...]]]></description>
			<content:encoded><![CDATA[<p>Don&#8217;t create products just to fill up space. Companies still attempt  to build and extend brands on neat and tidy projections of a target  market. Above all else, the brand is exploited as a bankable,  predictable money-making vehicle first and foremost.</p>
<p>IKEA&#8217;s founder Ingvar Kamprad had a much different vision. Now the  biggest furniture merchant in the world, IKEA trailblazed the idea of  stylish self-assembled furniture. Kamprad&#8217;s vision: &#8220;Our idea is to  serve everybody, including people with little money.&#8221; That&#8217;s the kind of  commonsensical thinking you&#8217;d expect from a guy who started out selling  matches in the neighborhood off his bicycle.</p>
<p>Commonsensical . . . but explosively catalytic.</p>
<p>Kamprad&#8217;s furniture business started out as mail-order. The first store came ten years after the concept was launched.</p>
<p>What was true for IKEA is far truer for today&#8217;s seed strategies:  Start out with a strong and fertile concept, and it&#8217;s nearly impossible  to predict the vehicles. Need is the driving force. Look at Apple:  The company has been around for less than forty years. By far the  majority of them have been as a computer business. But in the last  decade, Apple has achieved dominance in the recorded music industry and redefined telephoning.</p>
<p>Many things that spring from the core can&#8217;t be planned out anymore.  Establish the right foundation in an authentic and natural way, and the  market will help shape growth and even morph formats. The market&#8217;s  defining power can have a geometrically significant effect.</p>
<p>Once you nail the basic product, the vital brand questions become:</p>
<ul>
<li>Is it caring?</li>
<li>Does it contribute to people&#8217;s life in a meaningful way?</li>
<li>Is the value appropriate for the need?</li>
</ul>
<p>With the right nucleus, you&#8217;ll establish a conversation. If you&#8217;re  lucky, it&#8217;s an exploratory one. Invite communication to engage your  brand ambassadors. Awareness is the most exciting space to own, and it  belongs to the catalytic.</p>
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		<title>BRAND POWER: STREET CRED COMES FIRST</title>
		<link>http://www.ggny.com/blog_gg/?p=921</link>
		<comments>http://www.ggny.com/blog_gg/?p=921#comments</comments>
		<pubDate>Fri, 27 Jan 2012 15:13:50 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Intelligent Trust]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=921</guid>
		<description><![CDATA[Richard Cobden was a legendary 19th century British businessman. A passionate believer in free trade, he was a pragmatist as well. Cobden once shot through a frequent blind spot in human reasoning with the words: &#8220;For every credibility gap, there is a gullibility gap.&#8221; When something silly is taken for true, challenge those who believe [...]]]></description>
			<content:encoded><![CDATA[<p>Richard Cobden was a legendary 19<sup>th</sup> century British  businessman. A passionate believer in free trade, he was a pragmatist as  well. Cobden once shot through a frequent blind spot in human reasoning  with the words: &#8220;For every credibility gap, there is a gullibility  gap.&#8221;</p>
<p>When something silly is taken for true, challenge those who believe  as well those who mislead. A funny twist has taken place, however. For  centuries, misguided or devious authorities may have misled the public.  With alarming frequency, I see supposed authorities becoming the  gullible ones. They continue to believe their analyses and models,  failing to recognize that street cred comes first. The authorities are  now misleading themselves.</p>
<p>Faulty brand management is a matchless example of reckless  gullibility. In the &#8220;push&#8221; marketing era, brand managers would concoct a  brand identity. Hurl it out the window and see if the concept would  fly. Armed with a hefty promotional budget, it might indeed.</p>
<p>Today&#8217;s consumers are far too skeptical. They reject mere imagery in  lieu of product essence. They demand manufacturers deliver sound,  credible brands. And they expect retailers to curate their assortments  to offer the best value and experiences available. But, credibility?  That now has to come from the street. It&#8217;s a completely upside-down  model.</p>
<p>Experience, engagement, conversation – it&#8217;s the buzz that transforms  itself into viral communication. That&#8217;s how you build awareness and  acceptance today. The push formula is no longer a viable proposition.  And, there are no predetermined pathways . . . though there is a  trustworthy path.</p>
<p>A company needs to develop a relationship with a close-knit community  of evangelists. Depending on a brand&#8217;s size and/or scope, that core  might require ten . . . or it might need ten times that number. Entrust  the nucleus of the brand&#8217;s identity to that core. Give them the brand at  its authentic best, and let them celebrate what you have to offer.  Don&#8217;t fidget with trying to design all the supporting qualities and  attributes. Instead of romancing your fans, listen intensely to their  suggestions. Your core supporters will teach you how to appreciate the  brand in ways you could never premeditate. Today&#8217;s brand management  hinges on this cornerstone: <strong><em>intelligent trust</em></strong>.</p>
<div><img src="http://img.zemanta.com/pixy.gif?x-id=29d67a23-d56a-46aa-b4e9-3527dcdc2911" alt="" /></div>
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		<title>THE CONSUMER SEAL OF APPROVAL: DON&#8217;T TRY TO BUY IT</title>
		<link>http://www.ggny.com/blog_gg/?p=915</link>
		<comments>http://www.ggny.com/blog_gg/?p=915#comments</comments>
		<pubDate>Mon, 23 Jan 2012 14:49:27 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[Revlon]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=915</guid>
		<description><![CDATA[In his book The Fifties, David Halberstam describes a marketing stampede of 1955. It happened in tandem with the newly debuted quiz show The $64,000 Question. In just five weeks after its first airing, it had become &#8220;the top-rated show on television. Studies showed that approximately 47.5 million people were watching.&#8221; Revlon was the program&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p>In his book <em>The Fifties</em>, David Halberstam describes a marketing stampede of 1955. It happened in tandem with the newly debuted quiz show <em>The $64,000 Question</em>.  In just five weeks after its first airing, it had become &#8220;the top-rated  show on television. Studies showed that approximately 47.5 million  people were watching.&#8221;</p>
<p>Revlon was the program&#8217;s sponsor. &#8220;The Sales of Revlon . . .  skyrocketed. Some Revlon products sold out overnight, and the show&#8217;s  master of ceremonies had to beg the public to be more patient until more  Revlon Living Lipstick was available.&#8221;</p>
<p>In 1955, U.S. population was just under 166 million. Viewership for  this show accounted for 28.6%. Does that seem modest compared with more  than half of today&#8217;s 300 million plus who tuned into Super Bowl XLV?</p>
<p>Not on your life! Consider that a single brand – Revlon – commanded  the attention of nearly a third of the citizenry on that evening in  1955. Factor that against the <strong><em>parade</em></strong> of sponsors in today&#8217;s Super Bowl. And not just the deluge of messages  is the issue. The chief interest viewers have in these ads has become  comparing them for their entertainment value.</p>
<p>Yet, how many contemporary brand managers remain caught in a time warp of this distant past? Do some soul-searching:</p>
<ul>
<li>Are you presuming that you can reach and overwhelm the marketplace with a seductive message?</li>
<li>Is more time being spent buying and manipulating &#8220;the numbers&#8221; for the market than addressing the core essence of the brand?</li>
<li>Do you treat your brand as a slingshot that can be neatly targeted  at a market that has become overwhelmingly fragmented and complex?</li>
<li>Do you believe that the most influential marketers your brand has available to you are <strong><em>within</em></strong> your organization . . . as opposed to among your team of consumer enthusiasts in the marketplace?</li>
<li>Lastly, do you still succumb to <strong><em>brand arrogance</em></strong> – believing you can instruct and mandate consumer loyalty as opposed to winning it?</li>
</ul>
<div><img src="http://img.zemanta.com/pixy.gif?x-id=59881141-28cc-4a44-a4e8-e037040a3444" alt="" /></div>
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		<title>ARE BRANDS ZOOMING TO DOOMSDAY?</title>
		<link>http://www.ggny.com/blog_gg/?p=912</link>
		<comments>http://www.ggny.com/blog_gg/?p=912#comments</comments>
		<pubDate>Mon, 16 Jan 2012 19:34:59 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Brand DNA]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=912</guid>
		<description><![CDATA[Recently we gave an interview to a trade publication named Home Textiles Today. The most penetrating concept the author Jennifer Marks walked away with was: &#8220;Today&#8217;s consumer is his or her own brand.&#8221; Let&#8217;s unpack that idea. In the brand origination and remediation trade, we talk a lot about discovering brand DNA. Find that DNA. [...]]]></description>
			<content:encoded><![CDATA[<p>Recently we gave an interview to a trade publication named <a href="http://www.hometextilestoday.com/blog/The_Thread/42494-Feed_Your_Head.php"><em>Home Textiles Today</em></a>. The most penetrating concept the author Jennifer Marks walked away with was: &#8220;Today&#8217;s consumer is his or her own brand.&#8221;</p>
<p>Let&#8217;s unpack that idea. In the brand origination and remediation trade, we talk a lot about discovering <a href="http://www.ggny.com/blog_gg/?p=379">brand DNA</a>. Find that DNA. Investigate it, inhale it, and build upon it.</p>
<p>The DNA fundamental of brand management is here to stay for a long  time. However, a corresponding and derivative change is taking place as  well. Individual consumers are developing their own individual brand  identities. It&#8217;s a composite of their own individuality as it engages  with the brand world around them.</p>
<p>In some cases, individualization means explicitly detailing the fit  and/or finishing of a garment or even adjusting product formulations.  New technologies make customization both feasible to realize and  profitable to offer. So, in more and more cases, brands are themselves  becoming platforms that can be &#8220;templatized&#8221; to match individual wants. A  built-to-order, customization experience – once available only to the  awesomely well-heeled – is slowly seeping into mainstream life.</p>
<p>What&#8217;s a brand manager to do in the face of such bewildering turmoil?  First off, understand just who you need to be. The best answer to this  question is an oblique one. Let me explain.</p>
<p>One way to size-up the world is to divide people into four  categories. These different groups all approach the lived experience  that comes our way in four different modes:</p>
<ul>
<li>The first group – perhaps 90% of the world – just goes with the  flow. In these times, doing just that and only that with a firm footing  is no mean achievement.</li>
</ul>
<ul>
<li>The second group – populated largely by scientists, systems mavens,  accountants and other objective thinkers – stand above the flow and  retain a carefully defended objectivity. That too has enormous value in a  world that is more and more reliant on technology.</li>
</ul>
<ul>
<li>The third group is capable of going with the flow and then snapping  out of it at crucial moments to take stock, reflect and articulate. They  are even capable of helping to shape the flow itself to some extent. In  this category, I would put business, governmental and thought leaders.</li>
</ul>
<ul>
<li>The fourth category contains the whitewater rafters in the flow of  lived experience. These people both continuously experience the flow of  things in a direct and immediate way, yet they retain a powerful  detachment that allows them to adjust and refine what they are doing.  Among others, this fourth category includes artists, superior craftsmen,  gifted athletes, and – you guessed it – brand managers.</li>
</ul>
<p>Why does a brand manager need to be this fourth breed of personality?  Because of the skill mix required to manage the modern brand. On the  one hand, there are the curatorial obligations to defend and protect the  brand&#8217;s core identity. On the other are the compelling needs to tailor  and edit the brand as consumers increasingly demand customization.</p>
<p>If this sounds like quite enough career peril . . . wait. There&#8217;s more!</p>
<p>That 90% who go with the flow are becoming ever smarter and more  demanding of what they expect out of life. In their own ways, each wants  to taste &#8220;good moment&#8221; experiences, no matter what their income level.  Each wants to exert control in some way or other. (Internet gaming may  be the most powerful manifestation of this drive to control outcomes and  win. When hundreds of millions flock to download a game like <em>Angry Birds</em>, that&#8217;s a clue you can&#8217;t ignore.)</p>
<p>Defend intrinsic brand DNA <strong><em>and</em></strong> help empower  consumers in an emerging world where consumers are becoming their own  brand. In whitewater rafting, that tall order is up there in what&#8217;s  termed a Grade V experience. That&#8217;s the expert level in which the rafter  must pirouette and nose-dunk to re-right the craft just to stay afloat.  Incomparable competence and dexterity are demanded. For brand  management, it&#8217;s no less so.</p>
<div>© 2011<img src="http://img.zemanta.com/pixy.gif?x-id=33457519-96c8-4b14-96a8-1ef88b6df82b" alt="" /></div>
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		<title>HOW BLUR DEVOURS BRANDS</title>
		<link>http://www.ggny.com/blog_gg/?p=908</link>
		<comments>http://www.ggny.com/blog_gg/?p=908#comments</comments>
		<pubDate>Wed, 04 Jan 2012 18:27:24 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Branding]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=908</guid>
		<description><![CDATA[It&#8217;s possible for a business to buy a passive RFID tag today for as little as a nickel. That&#8217;s the prerequisite for tracking a package or a container as it treks its merry way across town or around the globe. Radio frequency identification and tracking technology were undreamt of just a few years ago. Today [...]]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s possible for a business to buy a passive RFID tag today for as  little as a nickel. That&#8217;s the prerequisite for tracking a package or a  container as it treks its merry way across town or around the globe.  Radio frequency identification and tracking technology were undreamt of  just a few years ago. Today we can keep tabs on nearly everything, and  the tracking spectrum grows ever wider. <a href="http://www.wired.com/dangerroom/2011/11/follow-your-heart-darpas-quest-to-find-you-by-your-heartbeat/"><em>Wired</em></a> reports the Defense Department&#8217;s DARPA is &#8220;looking to improve on  technologies that sniff out biometric signatures like heartbeats from  behind walls.&#8221;</p>
<p>Could you live without your car navigation system? I certainly  couldn&#8217;t. It continually and reliably tells me where I&#8217;m headed. When I  drive my car, my first focus is immediate safety. But, the back of my  mind is now dedicated to planning my next meeting or presentation. It  used to be devoted to plotting out and course-correcting my itinerary.</p>
<p>The Parker Brothers <em>Monopoly</em> game was born in 1935. It  launched with the two classic utilities – water and electricity. In  fact, these resources mirrored the average American life for decades.  You might add natural gas and telephone – although the hardwired,  fixed-line phone system started unraveling as a utility years ago.</p>
<p>The fact now is that our lives are governed by a new class of  utilities rooted in embedded and wireless technologies. Smartphones and  touchpads let us pocket our command centers for home and office . . . in  effect, for life as we know it and run it.</p>
<p>The new utilities are nomadic, on-the-go. They fuse virtual and real.  And, here&#8217;s the overwhelming point that matters to brands: <strong><em>The new utilities accelerate life itself. </em></strong>They let us live faster and allow us to cram more and more into each multi-tasking moment. <strong><em>The result: We live in a constant blur.</em></strong></p>
<p>Flash back to an evening in a typical 1960s American living room.  Nearly any evening, members of the average American family are glued to  the electronic hearth, the living-room TV. Shoe-horned into their  entertainment, they passively accept mini-lectures about detergents,  frozen foods, hair coloring and beer. Brands enjoy center stage.</p>
<p>Spring ahead to today. The living room is decentralized. To a large  extent, so is the traditional family. The idea of a single home TV has  vanished. That platform has disappeared, and brands no longer have a  center stage to occupy.  <strong><em>Brands are now something we experience out of the corners of our eyes.</em></strong></p>
<p>Do we still pay attention to brands? Certainly! But in a totally different way.</p>
<ul>
<li>They can&#8217;t lecture us on their qualities.</li>
</ul>
<ul>
<li>We have to &#8220;get them&#8221; viscerally . . . intuitively.</li>
</ul>
<ul>
<li>If we choose to scrutinize them, they need to have the right  ingredients and provenance. But, that&#8217;s verified through the rare  scrutiny of a periodic &#8220;check-up&#8221; we might perform.</li>
</ul>
<ul>
<li>Otherwise, it&#8217;s just a flick of the eye or whiff of the scent or  click of the container that reassures us we have the right goods . . .  and we&#8217;re off chasing another experience or task.</li>
</ul>
<p>In the obvious – <strong><em>that&#8217;s</em></strong> where the value is.  Creating such obviousness may require brand managers to thoroughly  engineer underlying complexity, but complexity is not where consumers  wants to go themselves. Consumers want an end-product with elegant,  plug-and-play simplicity.</p>
<p>In a world that rockets us from experience to experience, a brand has  to be transparently clear with indescribable fidelity. Otherwise, if  you&#8217;re a brand, you&#8217;re nudged off the landscape . . . yet another  casualty of blur.</p>
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		<title>ACTUALIZING A BRAND: IT TAKES MUSCLE</title>
		<link>http://www.ggny.com/blog_gg/?p=903</link>
		<comments>http://www.ggny.com/blog_gg/?p=903#comments</comments>
		<pubDate>Mon, 12 Dec 2011 16:29:04 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Harley-Davidson]]></category>
		<category><![CDATA[Levi's]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=903</guid>
		<description><![CDATA[Not strained, forced muscle; but strength that&#8217;s supple, agile, free-flowing: that&#8217;s the tone of a healthy brand. Great brands have a core clarity to them: • For me, Apple marries easy use with beauty in design. • The essence of Harley-Davidson is freedom – outfitting confident individuals to assert their true independence.  All the products [...]]]></description>
			<content:encoded><![CDATA[<p>Not strained, forced muscle; but strength that&#8217;s supple, agile, free-flowing: that&#8217;s the tone of a healthy brand.</p>
<p>Great brands have a core clarity to them:</p>
<p>• For me, Apple marries easy use with beauty in design.</p>
<p>• The essence of <a href="http://www.ggny.com/blog_gg/?p=889">Harley-Davidson</a> is freedom – outfitting confident individuals to assert their true  independence.  All the products under this brand reflect a rock-solid  individuality.</p>
<p>• <a href="http://www.ggny.com/denizen.html">Levi&#8217;s</a> captures durability and the sense of being a pioneer. It goes back to  the roots of the California Gold Rush in the 1850s. But with today&#8217;s  nomadic, mobile lifestyle, you can be a claim-staking pioneer once  again.</p>
<p>Once  you have the core right and make it relevant to today&#8217;s culture, that&#8217;s  80% of the trek. The key is this: Make the core timeless but not  lifeless. Viral marketing is the catalyst that builds those vital  relationships with today&#8217;s brand ambassadors.</p>
<p>Enthusiasm  spreads the message. It also unburdens you from having to force-feed  passion for the brand. You&#8217;re no longer focused on convincing. Instead,  your goal is revealing. Others testify to your attributes. For this to  happen, you need to give up control. You can only do this reliably if  your core <a href="http://www.ggny.com/blog_gg/?p=889">brand identity</a> is firmly in hand.</p>
<p>Then  the low-hanging-fruit communication at point-of-sale becomes easy to  develop. It has a certain effortlessness to it – packaging, showroom,  collateral material. All that is harmonized beautifully. People speak to  you in today&#8217;s language – &#8220;What&#8217;s happening?&#8221; not a stilted &#8220;How may I  help you?&#8221;</p>
<p>Again Apple&#8217;s  command of retail sets the gold standard. Their associates are artists  in active listening. Customers will depart from the Genius Bar or The  Studio in visiting an Apple  store having bought thousands of dollars worth of product, perhaps even  tens of thousands. And they&#8217;ll feel good about it! The truth is  fundamental: If you can&#8217;t sell, you don&#8217;t have a brand. Being able to  sell core products makes the value of the brand evident, but it is a  matter of allowing and encouraging the sale, not forcing it.</p>
<p>Can  you get a premium for the good work you&#8217;ve done and sell your products  at a better price than generics? I&#8217;ll buy Pepperidge Farm 15 Grain bread  rather than a store-brand because I trust it more. Today&#8217;s basics are  different from those of two years ago. They are chock full of change and  contribute to you enhanced lifestyle. They add value to your everyday  life. Today&#8217;s basics are smarter. To be vital today, a brand must be  much more than standard product. And it must have resounding clarity.</p>
<p>The 17,000+ units in the Starbucks  coffeehouse chain today represent one of the clearest brand statements  around. It took time and dedication to become as coffee-centric as this  business is today, but Howard Schultz  and his team have achieved the result. A brand comfortable in own skin  doesn&#8217;t need acceptance or validation. It says, &#8220;Look, I can help you.&#8221;  It proclaims what it stands for without needing to sell itself.</p>
<p>Every  brand manager should be constantly soul-searching about the spirit of  the brand, but experience the brand directly and beware of the dangerous  hazards of language. Most brand language is woefully dated and belongs  to the bygone era of mass marketing, not the awareness of modern brand  editors and curators.<br />
<img title="Next page..." src="http://blogs.forbes.com/simongraj/wp-includes/js/tinymce/plugins/wordpress/img/trans.gif" alt="" /><br />
Spend  enough time in the realm of uncertainty. Do the due diligence. Peek  into the world and see what time it is. Size up the industry. Is it  really aligned with the market? Or is the industry marked with voids and  white spaces, so much so that it is ripe for reinvention? Research the  broad market and zero in on your strengths. Being preoccupied with  weaknesses drives insecurity. Do what you&#8217;re best at. Understand the  core of the brand securely enough to draft a battle plan to keep those  strengths energized.</p>
<p>Great  brands have muscle. That&#8217;s not to say they are loud, domineering, or  boisterous. The greatest brands have an acute and ongoing capacity to  listen . . . to constantly redefine themselves to fit the changing  market.</p>
<p>© 2011</p>
<div><img src="http://img.zemanta.com/pixy.gif?x-id=55060712-b3bc-4e5e-bce8-21fc6982638f" alt="" /></div>
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		<title>CAN YOU TRUST YOUR BRAND?</title>
		<link>http://www.ggny.com/blog_gg/?p=894</link>
		<comments>http://www.ggny.com/blog_gg/?p=894#comments</comments>
		<pubDate>Tue, 29 Nov 2011 17:05:02 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Branding]]></category>
		<category><![CDATA[Brooks Brothers]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Peter Drucker]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=894</guid>
		<description><![CDATA[Just how far can you trust your brand? Can your brand truly be trusted in the hands of others? How much discretion do you give a brand . . . unchaperoned and in public space? To answer these questions, observe what happens to a healthy brand in the hands of passionate enthusiasts. How do you [...]]]></description>
			<content:encoded><![CDATA[<p>Just how far can you trust your brand?</p>
<p>Can your brand truly be trusted in the hands of others?</p>
<p>How much discretion do you give a brand . . . unchaperoned and in public space?</p>
<p>To  answer these questions, observe what happens to a healthy brand in the  hands of passionate enthusiasts. How do you tie a bowtie to &#8220;pop&#8221; a  certain pattern or color field? You&#8217;ll find <a href="http://www.businesswire.com/news/home/20110307006150/en/Strategic-Branding-Experts-Graj-Gustavsen-Retained-Brooks">Brooks Brothers</a> fans earnestly debating the like at the Unabashedly Prep website.  (<a href="http://www.unabashedlyprep.com/site/entry/social-primer-for-brooks-brothers/">http://www.unabashedlyprep.com/site/entry/social-primer-for-brooks-brothers/</a>)</p>
<p>Having  been around for nearly two centuries and having cultivated its brand  identity with exacting care, Brooks Brothers has considerable brand  strength. When it comes to preppy essentials like navy blazers, khaki  pants and button-down shirts; Brooks Brothers&#8217; brand loyalty is  enormous. Put in the hands of enthusiasts, the core <a href="http://www.ggny.com/blog_gg/?p=379">DNA</a> of the brand is grasped and respected with non-verbal certainty.</p>
<p>&#8220;Give  the brand the corner-office,&#8221; is a favorite mantra of mine. The advice  implies that the brand is a valued asset. As such, shouldn&#8217;t it be  zealously controlled and protected? But, if that&#8217;s the case, how does  that interpretation mesh with another assertion I often make? Customers  demand and deserve ownership of the brand. Is it possible to reconcile  such seemingly contrary positions? If so, how?</p>
<p>Peter Drucker once made a landmark assertion about brands:<em></em></p>
<p><em>Suppliers  and especially manufacturers have market power because they have  information about a product or a service that the customer does not and  cannot have, and does not need if he can trust the brand. This explains  the profitability of brands.</em><em></em></p>
<p>Drucker&#8217;s  assertion is even truer today in the world of social media as it was in  the era of mass marketing. Here&#8217;s the heart of the paradox: At the core  of every great brand is an undeniable, carefully earned <a href="http://www.ggny.com/blog_gg/?p=889">DNA</a>. This powerful code contains the brand&#8217;s essence, its uniqueness, its identifiability, its virtues, and often its provenance.</p>
<p>Brand owners – the legal owners of the asset – really function as curators of valuable property. The choice of the word <a href="http://www.ggny.com/blog_gg/?p=889">&#8220;curator&#8221;</a> is no arbitrary one. The formulas for brands may be locked up in  vaults, but brands can never be. They are constantly on public display.</p>
<p>Strong  brands deserve trust, and that trust will be rewarded with both loyalty  and enthusiasm. Brands that let go . . . will go-go-go. It&#8217;s that  simple.</p>
<p>© 2011</p>
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		<title>7 PILLARS OF BRAND REINVENTION</title>
		<link>http://www.ggny.com/blog_gg/?p=889</link>
		<comments>http://www.ggny.com/blog_gg/?p=889#comments</comments>
		<pubDate>Mon, 14 Nov 2011 14:28:33 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Brand Curation]]></category>
		<category><![CDATA[Brand DNA]]></category>
		<category><![CDATA[Rate Your Considerations]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=889</guid>
		<description><![CDATA[&#160; 1. Brand differentiation is built on subtleties, not exaggerations. Do you know – i.e., know with gut intuition, not with marketing jargon – the subtleties that differentiate your brand versus competitors? Have you traced the genealogy of your brand over the years and how it may have been transformed? Are you still true to [...]]]></description>
			<content:encoded><![CDATA[<p>&nbsp;</p>
<p>1. Brand differentiation is built on subtleties, not exaggerations.</p>
<ul>
<li>Do you know – i.e., know with gut intuition, not with marketing  jargon – the subtleties that differentiate your brand versus  competitors?</li>
</ul>
<ul>
<li>Have you traced the genealogy of your brand over the years and how it may have been transformed?</li>
</ul>
<ul>
<li>Are you still true to the original <a href="http://www.ggny.com/blog_gg/?p=379">brand DNA</a>? In what ways may the brand&#8217;s gene pool have been shaken? How can it be solidified and strengthened?</li>
</ul>
<p>Brand profitability<strong><em> </em></strong>is the consequence of brand strength and not vice versa.</p>
<ul>
<li>The truth is we don&#8217;t have a clue as to how brand profitability will  be measured analytically 5 years from now. A far surer bet comes from  commanding the intangibles today. What are social media evangelists  telling you are the deep appeals of your brand?</li>
</ul>
<ul>
<li>What are you doing to make your strongest brands even stronger and to prepare for competitive challenges on the horizon?</li>
</ul>
<ul>
<li>Does each brand touchpoint – packaging, ads, and every other channel of customer contact – match the brand&#8217;s story and promise?</li>
</ul>
<p>2. Make your brand articulate to the point of eloquent . . . silence.  That&#8217;s why a picture is worth a thousand words . . . and why an  irreplicable taste, aroma or sound may be worth many millions.</p>
<ul>
<li>How many words does it take to explain your brand and what it is targeted to achieve?</li>
</ul>
<ul>
<li>Why does it take words at all? Why isn&#8217;t its essence just a whiff  . . . a sensation . . . a subtle reassurance?</li>
</ul>
<ul>
<li>Brands built around the architecture of words drag baggage. They  become too slow and too stodgy. Always think: How will I give my brand  recognition beyond point-and-click, beyond aim-and-shoot . . . even  beyond simple touch . . . to the very verge of the ever advancing forms  of hands-free computing?</li>
</ul>
<p>3. Middlemen – licensees in particular – excel when they seamlessly  execute brand-centered scenarios, not when they slap a logo on off-brand  spin-outs, cooked up on speculation. An intermediary can only perform  expertly when the resource is equipped with a genuine and carefully  thought-through brand identity.</p>
<ul>
<li>Is every product spin-off and brand extension anchored in authentic <a href="http://www.ggny.com/blog_gg/?p=379">brand DNA</a>?</li>
</ul>
<ul>
<li>If you lack the time or resources, using an outside resource to  assemble and incubate a brand laboratory is certainly plausible. The key  is not to neglect the essential need but to ask yourself: How will I  make sure the brand has all the support elements it requires to thrive?</li>
</ul>
<p>4. Play a part in the good-life moments<strong><em> </em></strong>of everyday experience<strong><em>.</em></strong></p>
<ul>
<li>Are you in touch with the real brand satisfactions as fans of your brand experience it?</li>
</ul>
<ul>
<li>You don&#8217;t have to rev like a Lamborghini Gallardo or glisten like a  Harry Winston rock to gladden the heart. A perfectly spreadable peanut  butter, a smooth-flowing ballpoint, or an effective, ecologically  engineered detergent – each provides a sought-after payoff.  As we  simplify our lives, the bigger bangs of little thrills mean more. Are  you tracking and backing this trend?</li>
</ul>
<ul>
<li>People want to live in a personal universe that is value-centered. Is there a brand conscience<strong><em> </em></strong>in  your product or service that you can celebrate? It could be  craftsmanship, environmental sustainability, corporate social  responsibility or a host of other virtues. But before you tack on mere  window-dressing, ask yourself: Is the conscience I&#8217;m claiming the brand  to have both authentic and credible?</li>
</ul>
<p>5. Constantly evaluate how you allocate and how you spend your time.</p>
<ul>
<li>Brand curation is a full-time job, but good brand-curation is  business not busy work. Most of our time is spent on things we don&#8217;t do  well – that&#8217;s a sad fact of life in our world of work. Do you allow  yourself to trivialize your day into simply extinguishing fires?</li>
</ul>
<p>6. Even if you can&#8217;t personally dedicate your time to brand curation,  don&#8217;t let neglect rule the day. Brand curation is a brand survival  requirement. Are you responsibly outsourcing or delegating curation if  you can&#8217;t attend to it yourself?</p>
<ul>
<li>Do you spend most of your professional time utilizing your strengths  on behalf of the brand? Ask yourself: Can my brand really afford me  squandering my strengths?</li>
</ul>
<ul>
<li>Are you also dedicating time to use gut intuition<strong><em> </em></strong>to study the competitors which your reinvented brand will confront?</li>
</ul>
<p>7. <strong><em>Rate your considerations</em></strong>.</p>
<ul>
<li>How carefully have you prioritized brand innovations and  enhancements? Is how you spend your innovation time radically different  than your plan? Brands that run out of time for innovation sooner or  later just run out of time.</li>
</ul>
<ul>
<li>Brands can have large and irreplaceable value. Are you calculating  and pinpointing your risks as carefully as you comb for perceived  opportunities?</li>
</ul>
<ul>
<li>Lastly, are you relying on reliable gut intuition<strong><em> </em></strong>in  rating considerations and creating your agenda . . . or dangerously  creating convoluted quantitative models to give you a false sense of  security?</li>
</ul>
<p>© 2011</p>
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		<title>HAVE YOU LOST BRAND OWNERSHIP?</title>
		<link>http://www.ggny.com/blog_gg/?p=883</link>
		<comments>http://www.ggny.com/blog_gg/?p=883#comments</comments>
		<pubDate>Mon, 07 Nov 2011 16:16:52 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=883</guid>
		<description><![CDATA[Jim Malackowski, Chairman of Ocean Tomo, is a friend and colleague of mine. He&#8217;s an intellectual property expert. The Ocean Tomo website shows a chart that compares the components of market value for the S&#38;P between 1975 and 2010. Over this period, tangible assets have shrunk from an incredible 83% to just 20%. One assumes [...]]]></description>
			<content:encoded><![CDATA[<p><a href="../?p=732">Jim Malackowski</a>, Chairman of Ocean Tomo, is a friend and colleague of mine. He&#8217;s an intellectual property expert. The <a href="http://www.oceantomo.com/media/newsreleases/intangible_asset_market_value_2010">Ocean Tomo</a> website shows a chart that compares the components of market value for the S&amp;P between 1975 and 2010. Over this period, tangible assets have shrunk from an incredible 83% to just 20%.</p>
<p>One assumes that the proportional value of IP assets has soared as the value of tangibles has declined. That may be what the math suggests, but brand IP is not nearly given the respect these numbers suggest they deserve. Call it brand ownership, perhaps, but it is absentee ownership<strong><em> </em></strong>for most brands. Brands should be occupying the corner office. Instead most brands languish in a dreary corporate warehouse of IP assets.</p>
<p>Most brand managers don&#8217;t know what it takes to own their brands in a meaningful way. Here are 5 common symptoms of brand strength being compromised. Each reflects a breach of responsible brand curation on the part of those charged with brand management:</p>
<ul>
<li><strong><em>Analytical piecemealing of the brand into fragments either harming or disregarding the brand&#8217;s core.</em></strong> Segmenting the brand is a legitimate way to extend the brand franchise into different market segments and fresh channels of distribution. What&#8217;s important is that the core identity must never be lost while extending the brand. For a brand like Polo Ralph Lauren, the core is always firmly in place – whether it&#8217;s Black Label or Blue Label. The central spirit of high-clarity brands is reinforced through everything that&#8217;s being done. When amateurishly segmented, all that&#8217;s often left is a common trademark and logo. A brand offering can&#8217;t be allowed to degenerate into a basket full of detachable parts!<strong><em> </em></strong></li>
</ul>
<p><strong><em> </em></strong></p>
<ul>
<li><strong><em>Loss of a gut instinct for brand sense.</em></strong> The brand fractionalization described above often neuters an overall sense for a brand&#8217;s obligations and opportunities. Brands are a business for managers and are constantly and wrongly seen through the portal of cognition. Consumers drive brands. They eat them. They inhale them. Brands thrive through sensation. Engaging brands offer an appealing allure or eco-friendly cleansing in an otherwise drab, work-a-day world. <strong><em> </em></strong></li>
</ul>
<p><strong><em> </em></strong></p>
<ul>
<li><strong><em>Obsession with brand weakness. </em></strong>The Gallup Organization has had the insight and moxie to cut against the grain of traditional consulting. Rather than dissecting an organization&#8217;s weaknesses, their <a href="http://www.amazon.com/StrengthsFinder-2-0-Tom-Rath/dp/159562015X/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1319827004&amp;sr=1-1">StrengthsFinder</a> assessment program – based on the Tom Rath book – helps organizations discover and optimize what they do best. Study brand strength models. Outfits like Apple, Samsung and Kellogg&#8217;s don&#8217;t simply bank on their winners. They constantly make their best even better.<strong><em> </em></strong></li>
</ul>
<p><strong><em> </em></strong></p>
<ul>
<li><strong><em>Time-frozen brand perception. </em></strong>Brands are organic. They can be kicked . . . or celebrated . . . or sidelined into anonymity. And, it can all happen on a timescale of weeks or days. We admire brands that are protean in their flexibility, brands that can revitalize themselves on the spin of a dime. That image may sound nice, but what an illusion! Resilience and ingenuity don&#8217;t just happen. They&#8217;re the result of having brand custodians <strong><em>who understand the same thing differently</em></strong>. They know how to wake up every morning and experience the brand fresh. That&#8217;s the ticket to unpacking the next level of brand opportunity. <strong><em> </em></strong></li>
</ul>
<p><strong><em> </em></strong></p>
<ul>
<li><strong><em>A hands-off brand relationship.</em></strong> You can&#8217;t ignore innovation. Tinkering in the unrestricted space of a <em>brand laboratory<strong> </strong></em>is what keeps a brand vital, adaptable and – above all – honest. Find a way to create and incubate such a laboratory. Launch it either inside or outside your organization. Either way, make sure genuine experimentation and controversy are encouraged, not just permitted. Engaging with the brand is also the most reliable way for management to remain alert to brand subtleties.<strong><em> </em></strong></li>
</ul>
<p>Study today&#8217;s technological brands of means. Among them are Apple, Google, Amazon, IBM and Microsoft. It&#8217;s easy to see how these well-endowed brands sprouted in technology. Less apparent, but perhaps more forceful is the dedication these companies have to making life simpler for their customers. In an iconic, mobile world, consumers will measure all brands by the easy, effortless way they offer solutions. This sort of gut intuition can only be discovered and experienced when brand owners are truly in touch with the IP and minding the store.</p>
<p>© 2011</p>
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		<title>COULD SOCIAL MEDIA DEVALUE BRANDS?</title>
		<link>http://www.ggny.com/blog_gg/?p=874</link>
		<comments>http://www.ggny.com/blog_gg/?p=874#comments</comments>
		<pubDate>Mon, 17 Oct 2011 14:24:33 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=874</guid>
		<description><![CDATA[Social media are redefining brand identities in a profound way. These media are another important step in the democratization of the media business. An October article in The Economist described &#8220;the sale and analysis of real-time social-media data&#8221; with the development of such &#8220;outsource&#8221; firms as DataSift and Gnip. No doubt the volume of social [...]]]></description>
			<content:encoded><![CDATA[<p>Social media are redefining brand identities in a profound way. These media are another important step in the democratization of the media business. An October article in <a href="http://www.economist.com/node/21531025"><em>The Economist</em></a><em> </em>described &#8220;the sale and analysis of real-time social-media data&#8221; with the development of such &#8220;outsource&#8221; firms as DataSift and Gnip.</p>
<p>No doubt the volume of social media to analyze is skyrocketing. According to <em>The Economist </em>article, &#8220;the number of tweets per day now exceeds 230m, up more than 100% from the beginning of the year.&#8221; <a href="http://datasift.com/">DataSift</a>, for example, has the filters to track down &#8220;all tweets by men who . . . live in London&#8221; and are keen about a particular new product.</p>
<p>The brand stampede to social media has been thunderous. Findings in an October <a href="http://www.bizreport.com/2011/10/report-brands-pushing-more-into-social-media.html">BizReport</a> roundup on brand respondents noted the following:</p>
<p>• &#8220;81% of brands want to measure social brand advocacy&#8221; and</p>
<p>• &#8220;96% use social media for advertising/promotions.&#8221;</p>
<p>What started as product placement on scoreboards and films has become part of the digital narrative of everyday life. The rush for a social media presence increasingly shows us how ephemeral that presence can be. When social media endorsements can be bought, they degenerate to the same level as celebrity endorsements in conventional advertising. Also social media offer an addictive rush – the illusions of forceful, immediate impact and the often misleading impression that one is actually doing something meaningful.</p>
<p>The temptation is all too easy to shift brand presence to social media . . . and, then to make an equally great mistake: the assumption that social media has the neat, manageable predictability of conventional advertising.</p>
<p>In June, Janet Meiners Thaeler posted a noteworthy list of <a href="http://www.openforum.com/articles/the-6-biggest-social-media-mistakes-brands-make">&#8220;The 6 Biggest Social Media Mistakes Brands Make.&#8221;</a> One error really merits attention, and that&#8217;s getting &#8220;involved in social media without actually getting involved. It’s like getting a phone but ignoring every call that comes in.&#8221; You can&#8217;t establish a channel of social dialogue and then run it at will as though you&#8217;re turning on a faucet.</p>
<p>Large brands, accustomed to their marketing heft, are susceptible to this sort of arrogance. It&#8217;s all too easy for a brand to shrug off negative comments or appeals for help. Brands might risk being so cavalier in a one-way communication world. Today conflicts are very much played out in public, and the popular voice is naturally inclined to back consumer Davids locking horns with Goliath-sized brands.</p>
<p>People have a strong, natural drive for balance. It&#8217;s no surprise, for example that, as social media become so pervasive; the appetite for privacy has never been stronger. Manufacturers need to be especially wary of the distraction posed by chatter as psychological warfare. It&#8217;s not mastery of new forms of hype that will guarantee brand health.</p>
<p>As with any business proposition, skill in asking the right questions wins out in the end. Some timely considerations worth asking about social media include:</p>
<ul>
<li>Do we really understand the rules and protocols of social media?</li>
<li>Are we attempting to overwhelm messages with our style and preconceptions?</li>
<li>And, instead, are we actively listening to the consumers we are trying to engage?</li>
<li>Lastly, are we alert to trouble-spots, criticisms and complaints in a way that rises above defensive jargon?</li>
</ul>
<p>It&#8217;s a dedication to inherent product quality and perpetually innovative design that determine intrinsic, reliable brand worth. That&#8217;s what gives firms like Apple, <a href="http://www.chainstoreage.com/article/brooks-bros-retains-branding-firm">Brooks Bros.,</a> <a href="http://www.brandchannel.com/home/post/2011/07/08/Harley-Davidson-Roars-Into-Captain-America-and-Into-the-Black.aspx">Harley-Davidson</a> and Patagonia such dramatic advantages. Stick to your knitting has never been more prudent advice, especially when technology reconfigures the art of the stitch every day.</p>
<p>Could social media devalue brands? Ineptly used, the answer is certainly yes. Quantitative analysis of social media can surely be useful. The risk will come if firms attempt to engineer old-style communications solutions. Social media are giving brands a real-life identity . . . and a larger than life accountability as well.</p>
<p>© 2011</p>
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		<title>LANDSCAPING RISK SCENARIOS</title>
		<link>http://www.ggny.com/blog_gg/?p=868</link>
		<comments>http://www.ggny.com/blog_gg/?p=868#comments</comments>
		<pubDate>Fri, 07 Oct 2011 14:43:10 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Risk Management]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=868</guid>
		<description><![CDATA[A random event can sometimes make us totally reassess our attitude toward risk. In his masterful study of risk, Against the Gods, the late Peter L. Bernstein – a financial historian and economist – tells the story of a celebrated professor of probability and statistics in Moscow during World War II. Aerial bombardment of the [...]]]></description>
			<content:encoded><![CDATA[<p>A random event can sometimes make us totally reassess our attitude toward <a href="http://www.ggny.com/blog_gg/?p=822">risk</a>. In his masterful study of risk, <a href="http://www.amazon.com/Against-Gods-Remarkable-Story-Risk/dp/0471295639"><em>Against the Gods</em></a>,  the late Peter L. Bernstein – a financial historian and economist –  tells the story of a celebrated professor of probability and statistics  in Moscow during World War II. Aerial bombardment of the city was  relentless. Even so, this Soviet scholar shunned air raid shelters.  After all, Moscow had seven million people. &#8220;&#8216;Why should I expect them  to hit me?&#8217;&#8221; he would say dismissively.</p>
<p>One night the prof suddenly appeared in one of the shelters. Several  of his pals happened to be there as well and were shocked to run into  this hardened skeptic. They all wanted to know: What caused his 180°  switch in attitude? &#8220;&#8216;[T]here are seven million people in Moscow and one  elephant,&#8217;&#8221; explained the professor, &#8220;&#8216;Last night they got the  elephant.&#8217;&#8221;</p>
<p>In a radically unpredictable world, smart people think scenarios.  Investment managers are surely keen on this discipline. Once again,  simplicity is essential. <strong><em>Center brand scenario-building on a few reliable factors that can help you intuitively anticipate market behavior</em></strong>. If you try to be comprehensive, you&#8217;ll smother yourself.</p>
<p>Those critical factors might be diverse as:</p>
<ul>
<li>sovereign debt in the Eurozone,<strong><em> </em></strong></li>
<li>the growth timetable for Southeast Asian markets,<strong><em> </em></strong></li>
<li>or, cotton production in Azerbaijan.<strong><em> </em></strong></li>
</ul>
<p>Always streamline the risk and opportunity life signs to what is  truly vital for your business. Entrepreneurs especially need to develop a  healthy split focus in overseeing their business. <strong><em>You must always manage a brand on two risk planes: operational risk and intellectual-property risk. </em></strong>In either case, train yourself to intuitively recognize what would trigger a major change in business behavior in either domain.</p>
<p><strong><em>Most managers plan their business in terms of scenarios. Few do so in ways that are intuitively brand-centered. </em></strong></p>
<p>A <a href="http://www.bloomberg.com/news/2011-07-11/risk-officer-rises-to-10-million-job-after-derivatives-meltdown.html">recent article</a> on the Bloomberg website discussed the dramatic difference in business  attitudes toward risk since the Lehman Bros. collapse. The chief risk  officer (CRO) – especially in finance – was once a high-level  administrative position. Today, in large banking and investment jobs it  can be a route to the CEO-ship and command $10 million-dollar annual  compensation package. How is the world changing? According to Brian  Leach, Chief Risk Officer at Citigroup, “The CEO has to have a risk  mindset and really be able to live that foundational element of risk  management.”</p>
<p>Bloomberg article author Jeff Green points out that CROs are mapping  out the risk scenario with boards of directors  &#8220;to define what the  appropriate risk is for the company.&#8221; This is a new, but predictable  level of control. The wise top management team will anticipate it and  learn to navigate this terrain skillfully.<strong> </strong></p>
<p><strong> </strong></p>
<p>How can you advance the quality of your risk management when it comes to brands? These tips may help:</p>
<ul>
<li><strong><em>Tinker</em></strong>. By tackling problems  incrementally, hone a reliable gut instinct for workable magnitudes of  risk. Develop a natural certainty in yourself and your team about what  is truly perilous and the damage it may inflict.</li>
</ul>
<ul>
<li><strong><em>Calculate and assimilate fundamental break-even costs. </em></strong>For any brand investment, know what can truly jeopardize your bottom line.</li>
</ul>
<ul>
<li><strong><em>Associate your gains with genuine risk and energy investment levels. </em></strong>Don&#8217;t  pretend that high-energy, high-risk approaches are acceptable and  sustainable ways to do business. They just aren&#8217;t. It&#8217;s a grave risk to  pretend that results are achievable in a seemingly effortless way when  they are not.</li>
</ul>
<ul>
<li><strong><em>Look for quality external partnerships.</em></strong> Far and away the best solution for many brands is to find the right  partners who can help them verticalize the business and / or provide  proven expertise in licensing or manufacturing.</li>
</ul>
<p>The risk scenarios you create are imaging and planning tools which  can be enormously helpful in brand development. What&#8217;s important is that  these scenarios are vivid, compelling, and clearly shared among your  team with intuitive certainty. Achieve that standard and you make your  brand a formidable competitor – an agile, organic force with real  substance.</p>
<p>© 2011</p>
<div><img src="http://img.zemanta.com/pixy.gif?x-id=b220ccf6-554f-4fc3-ab1a-e390db4c92b9" alt="" /></div>
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		<title>RELEVANCE: THE HEARTBEAT OF BRAND VITALITY</title>
		<link>http://www.ggny.com/blog_gg/?p=829</link>
		<comments>http://www.ggny.com/blog_gg/?p=829#comments</comments>
		<pubDate>Wed, 28 Sep 2011 15:39:48 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Conversations]]></category>
		<category><![CDATA[Anne Klein]]></category>
		<category><![CDATA[Easy Spirit]]></category>
		<category><![CDATA[Gloria Vanderbilt]]></category>
		<category><![CDATA[Jones New York]]></category>
		<category><![CDATA[Nine West]]></category>
		<category><![CDATA[Richard Dickson]]></category>
		<category><![CDATA[The Jones Group]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=829</guid>
		<description><![CDATA[Richard Dickson of The Jones Group and I had the following discussion about brand strategy several days ago. Richard is President and Chief Executive Officer &#8211; Branded Businesses of The Jones Group, Inc. He joined The Jones Group in 2010 after heading the Barbie brand for Mattel. Previously, Richard was a senior executive with Bloomingdale&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://people.forbes.com/profile/richard-dickson/138904"><em>Richard Dickson</em></a><em> of </em><a href="http://www.jonesgroupinc.com/"><em>The Jones Group</em></a><em> and I had the following discussion about brand strategy several days  ago. Richard is President and Chief Executive Officer &#8211; Branded  Businesses of The Jones Group, Inc. He joined The Jones Group in 2010  after heading the Barbie brand for Mattel. Previously, Richard was a  senior executive with Bloomingdale&#8217;s and Estee Lauder. Apparel brands of  The Jones Group are venture partners of <a href="http://www.ggny.com/">G+G</a>.</em><strong><em></em></strong></p>
<p><strong><em>Barbie is clearly a fashion icon in its own world. How  would you characterize the essential similarities and differences  between Barbie and the fashion brands in The Jones Group?</em></strong></p>
<p>People don&#8217;t realize it, but Mattel&#8217;s Barbie is one of the biggest  apparel manufacturers. Besides being a major material buyer, Barbie is  more into fashions than most fashion companies. The brand has designers,  color experts, and specialists who study washes and other technical  matters –  albeit on a miniaturized scale.</p>
<p>While the mechanics of Barbie and The Jones Group are very similar,  what&#8217;s more complicated in the fashion business of The Jones Group is,  of course, fit. You never had to worry about that with the 16½-inch  plastic doll whose figure never changed. (Or, when it did, we would  control it!) So it was much easier to manage the execution of fit. In  addition to fit, the real fashion industry requires a lot more speed and  agility.<strong><em></em></strong></p>
<p><strong><em>Today you run a huge, multi-branded business with incredible scope. What do you identify as the central challenge?</em></strong></p>
<p>At The Jones Group, we have a portfolio of wildly different brands,  but all of them function within the fashion industry and participate in  the language of fashion. Each of them is centered on that powerful word <strong><em>relevance</em></strong>. Executing to keep each brand relevant is the heart of the challenge.</p>
<p>While every brand has its own <a href="http://www.ggny.com/blog_gg/?p=379">DNA</a> and set of attributes requiring a different formula, the overarching  principle of relevance is universal to our brand management. We  particularly want classic, venerable brands to be relevant and growing  for the next chapter. I love the challenge: It&#8217;s like being a brand  doctor with each patient requiring a different prescription.<strong><em></em></strong></p>
<p><strong><em>What kinds of creative and financial investment are necessary to keep brands like Jones New York or Easy Spirit fashionable?</em></strong></p>
<p>For classic brands, it&#8217;s crucial to never abandon your classic  customers. They&#8217;re the ones who are loyal and who keep you in business.  You have to acknowledge who they are and why they love the brand. You  need to reassure them that the brand remains relevant for them while you  reach out to find new audiences. But, if you allow yourself to get  stuck on that first requirement, the brand will get tired and fade away.  You need to develop relevance and interest in the brand for new  audiences.</p>
<p>The dollar amount will depend on the message you are trying to create  for the brand. In today&#8217;s marketing world, being able to surgically  create a marketing plan is incredibly positive. That includes using PR,  social media, blogging, and other online approaches. You have to be  smart about where you put your brand and be authentic in that space. The  network of potential communications is so vast, the formula may look  terribly complicated to a traditional marketer. In fact, the reality is  you can spend less and be more effective.<strong><em></em></strong></p>
<p><strong><em>The low-hanging fruit is plotting out how to gain  effective presence in these various media. In effect, brands are  becoming media companies, aren&#8217;t they?</em></strong></p>
<p>In a simplistic way: If people are talking about us, we are doing our job.<strong><em></em></strong><br />
<img title="Next page..." src="http://blogs.forbes.com/simongraj/wp-includes/js/tinymce/plugins/wordpress/img/trans.gif" alt="" /><br />
<strong><em>How do you go about managing the strategy and structure of your brand portfolio?</em></strong></p>
<p>One supports the other, and we&#8217;re parallel-pathing both. You can have  an amazing strategy, but you need to structure the implementation to  support the strategy. You can have an amazing structure, but – if the  strategy is missing – then you have people without a cause.</p>
<p>We have some brands with consumer relationships that have lacked a  sufficiently distinct voice and relevant perception in the marketplace.  At times, we need to put a voice to some very large businesses and that  better helps the structure to support the strategy. We work in parallel  on both.<strong><em></em></strong></p>
<p><strong><em>Is the significance of this reinvention appreciated both internally and externally?</em></strong></p>
<p>People have built this remarkable company, and we tend not to look at  this transition in quite so dramatic a way. The business is over  40-years-old and one of the pre-eminent multi-branded fashion companies  in the world. We are more engaged in transformation than reinvention.  We&#8217;re architecting the brands and their structure for the next chapter  of growth.<strong><em></em></strong></p>
<p><strong><em>A shift has taken place from large-audience push  marketing to engaging more sharply defined niches for people to  participate with brands. Would you elaborate on how this impacts you?</em></strong></p>
<p>More than ever, brands are relationships. Individuals choose what  they wear, eat or drive based on the relationship with the brand. Once  brands could have won solely based on product. Now they must also have a  voice. That means content and storytelling. It&#8217;s no longer good enough  to just be great product. You need to have a voice with an opinion.</p>
<p>Along the way, you&#8217;ll find people who don&#8217;t like you. That&#8217;s OK, because the people who <strong><em>do</em></strong> like you will be even more loyal and will pass their dedication on to others.<strong><em></em></strong></p>
<p><strong><em>People prefer buying from clear concepts, but they also  diversify their buying. Does that change the style of brand  communication from urging strictly defined emulation to a broader sort  of brand guidance?</em></strong></p>
<p>That&#8217;s 100% on target. We&#8217;re already there in some of the big branded businesses in the luxury space.</p>
<p>In every major global capital, you can walk the fashion street and  see the same stores. We are beginning to develop unique touches and  localization – in assortment, story-telling, and store architecture and  design. These cues celebrate where the location is, bringing some  distinction and separateness to brands that have become to an extent  homogenized. The McDonald&#8217;s formula that was so successful in making an  experience uniform around the world is becoming dated, but we are just  at the beginning of the modification moving away from this.<strong><em></em></strong></p>
<p><strong><em>The cookie-cutter lifestyle will need to be customized to  some degree through a form of &#8216;mass customization&#8217;. This is a challenge  for the brand infrastructure. To create a context, what&#8217;s the profile  of the brand portfolio at The Jones Group?</em></strong><br />
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We have over 35 brands in the company. Our primary business is done out  of the top ten brands. Our biggest brand is Nine West, the global shoe  fashion company. On the apparel side, our behemoth brand is Jones New  York and we have just begun extending it internationally. Anne Klein is  very big for us internationally. Gloria Vanderbilt trailblazed the  original designer jean, and we have other brands in our denim division.  We also have a jewelry division.<strong><em></em></strong></p>
<p><strong><em>What brand characteristics are decisive for participation  in The Jones Group? Is diversity as important as possessing some basic  traits in common?</em></strong></p>
<p>These questions fall into our acquisition strategy. Our criteria aim  at specific assets, and the foremost of these is creative talent. We  ask: Are we acquiring businesses or partnering with people who really  contribute something? That might be marketing savvy, design talent or a  special business acumen that adds something to us.</p>
<p>A second factor: Is this or can it become a global brand with the  ability to transcend individual geographies? Many brands like to think  they can be global but don&#8217;t know how to do that. Can the brand  transcend its own individual geography? Third: Can the brand leverage  itself on The Jones Group scale? We have category expertise across seven  major fashion categories. Another factor: What channel is it in? We are  focused on the bridge to luxury segment, department-store-to-better. As  we look to the future, we are intent on solidifying our presence in the  &#8216;better&#8217; space.<strong><em></em></strong></p>
<p><strong><em>You are clearly an intellectual property (IP)  brand-management company that looks to build brand value at a premium  and with relevance to an upscale customer. How does this mesh with  consumers seeking fresh fashion ideas less associated with larger  brands? What role does the smaller-scale artisan crafting new and  emerging ideas play in your approach?</em></strong></p>
<p>People are always trying to find distinctions in brands. Part of  fashion is being in the know. There are different audiences in fashion.  Being an influencer or discoverer is a key role. Such views are sought  after for style direction and cues as to which things will next be big.</p>
<p>Often small businesses or underground designers peddle their product  and are discovered by an influencer. Suddenly there&#8217;s an avalanche and  the story gets told: A new somebody has been first with the coolest  thing. The next thing you know, there&#8217;s a business out there with  potential that can be leveraged. Inevitably that kind of phenomenon  demands design talent supported with the right skill sets.<strong><em></em></strong></p>
<p><strong><em>More and more brands rely on collaboration with  licensees. Often licensing is viewed as a revenue and royalty collection  activity while it is really an operating model for managing IP. Could  you describe some of the finer points of selecting and collaborating  with good licensees?</em></strong></p>
<p>Licensing is an exciting piece of any brand plan – when a brand is  ready to extend itself into categories where it may itself not be  competent, but it could be successful and authentic and add relevance  for the core brand.</p>
<p>Licensing can either be a terrific opportunity . . . or the death of a  brand. Much hinges on the licensee. It&#8217;s almost contagiously easy for a  brand to get into other businesses and make money. The licensee must  value the brand with the same respect as the brand owner. Otherwise, the  licensee may execute product that isn&#8217;t &#8216;on brand&#8217; . . . or create  product that isn&#8217;t up to the brand&#8217;s quality standard . . . or put the  brand into inappropriate distribution so that the brand is fragmented.</p>
<p>Picking the right licensee demands an exhaustive criteria list, and  the integrity of the licensee&#8217;s leadership is one very important factor.  Other questions include: What is their core competence? Are they best  in class in what they do? What are their retail relationships? How are  their products executed? Choosing the right licensee is one of the most  important decisions an intellectual property firm has to make.<strong><em></em></strong></p>
<p><strong><em>You are one of the younger senior executives in the  fashion apparel industry. You&#8217;re perspective on the following question  would be a particularly valuable insight: What kinds of operating-style  adjustments is it most difficult for older, more senior managers to make  in the contemporary competitive marketplace? How might they make  adjustments or changes more easily?</em></strong><strong><em></em></strong><br />
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The single largest challenge facing most senior executives in industry  generally is the language and speed of technology. That includes how  forcefully technology drives consumer behavior with its implications for  business. If senior leadership denies any of these moving parts, you  run the risk of not being relevant and not being able to lead with  credibility.</p>
<p>Leaders don&#8217;t necessarily have to be fluent in technology, as long as  they take an interest, are fundamentally versed and put the right  people around you who live in it. There are a variety of methodologies  to deal with technology, but – if you ignore it – it&#8217;s the beginning of  the end.<strong><em></em></strong></p>
<p><strong><em>As a CEO, what keeps you up at night?</em></strong></p>
<p>The ability to maintain patience and to judge if you&#8217;re moving too  fast or too slow. You can&#8217;t afford to get comfortable running a company  like this. You have to be willing to be restless.</p>
<p>© 2011</p>
<div><img src="http://img.zemanta.com/pixy.gif?x-id=3fd5e3a5-f91d-4561-8fb3-6bec54d5f7d4" alt="" /></div>
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		<title>BRANDING: THE PERIL OF BIG IDEAS</title>
		<link>http://www.ggny.com/blog_gg/?p=855</link>
		<comments>http://www.ggny.com/blog_gg/?p=855#comments</comments>
		<pubDate>Mon, 19 Sep 2011 17:32:10 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Advertising]]></category>
		<category><![CDATA[Big Idea]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[David Ogilvy]]></category>
		<category><![CDATA[Ogilvy on Advertising]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=855</guid>
		<description><![CDATA[Ad legend David Ogilvy wrote in Ogilvy on Advertising, &#8220;Unless your advertising contains a big idea, it will pass like a ship in the night.&#8221; Big Ideas are essential to success throughout all of marketing and branding. That doesn&#8217;t mean they are without peril. Consider one of those helium-filled balloons in the Thanksgiving Day parade. [...]]]></description>
			<content:encoded><![CDATA[<p>Ad legend David Ogilvy wrote in <a href="http://www.amazon.com/Ogilvy-Advertising-David/dp/039472903X"><em>Ogilvy on Advertising</em></a>,  &#8220;Unless your advertising contains a big idea, it will pass like a ship  in the night.&#8221; Big Ideas are essential to success throughout all of  marketing and branding. That doesn&#8217;t mean they are without peril.  Consider one of those helium-filled balloons in the Thanksgiving Day  parade. Given a strong gust of wind from an unexpected source, it will  tax dozens of handlers to keep the colossus on track. Big Ideas are not  dissimilar.</p>
<p>It&#8217;s essential for top managers to embrace brands and to understand  the Big Ideas they convey in an intuitive way. There&#8217;s a fine line of  difference between caring for a brand as an inspired custodian and being  an overly zealous proprietor. The trick is maintaining dedicated  engagement without letting yourself be carried away with your personal  ingenuity. Every brand has its own <a href="http://www.ggny.com/blog_gg/?p=379">DNA</a> . . . but don&#8217;t fantasize yourself into believing it&#8217;s <strong><em>your</em></strong> DNA!</p>
<p>Here are some guideposts in Big (branding) Ideas. Both CEOs and brand managers should be vigilant in addressing them.<strong><em></em></strong></p>
<p><strong><em>Resist the genius trap</em></strong>. Many – perhaps most  – great ideas are the result of a team&#8217;s collaborative stewardship.  Even when an idea is the product of a sole entrepreneur&#8217;s sheer  ingenuity, you lose traction when you possessively dwell on ownership of  that idea. It&#8217;s oh-so-easy to be drawn into the limelight. Who doesn&#8217;t  like to be celebrated for their originality and insight? Remember: Every  inch you cede to personal pride reduces your capacity to be objective  and agile in maneuvering a Big Idea to maximum potential.<strong><em></em></strong></p>
<p><strong><em>Shun undue complexity.</em></strong> As CEO of Carter&#8217;s  children&#8217;s apparel, Fred Rowan was an astute team builder. When we  worked with him in brand development several years ago, he would  regularly remind us and his colleagues to &#8220;Trust in few things.&#8221;  Carter&#8217;s has prospered as a brand because they have commanded the  category of layette sets for newborns. Sustaining that clear idea has  required discipline and focus. Over decades, it has also anchored  Carter&#8217;s with an extraordinary strategic cornerstone.<strong><em></em></strong></p>
<p><strong><em>Be a loyal, but relentless diagnostician.</em></strong> Any &#8220;natural&#8221; talent in the brand management business gets a shiver of  pleasure from seeing opportunities in the market and aligning them with  the authentic nature of the brand. Done well, deconstructing and  reconstructing the parts and pieces of the brand identity form the heart  of brand competence.</p>
<p>As in a good conversation, you discover things as you go along. Fresh  ideas become experientially authentic in the moment. A good  diagnostician must be a keen and vigilant observer. Maintain that stance  and solutions become self-evident. Detached, rigid analysis – no matter  how thorough – can never match feedback-centered diagnosis of a brand&#8217;s  constantly changing vital signs.<strong></strong></p>
<p><strong>Focus on the details that move the brand into the future. </strong>Working  with David Sculley in preparing the sale of Waterford crystal to KPS  Financial Partners impressed this key priority on me. As you can  imagine, bridal sales were the heartbeat of Waterford&#8217;s merchandise  positioning. David wanted the line to reflect contemporary attitudes.</p>
<p>Rather than having just a bridal registry, David wanted <strong><em>both</em></strong> new marriage partners to register. He also saw that today&#8217;s consumer  wanted giftware that went beyond museum pieces. That included giving  classic Lismore stemware a more contemporary signature as well as  developing more casual products to capture the &#8220;good-life moments&#8221; we  experience more routinely. These were crucial details that helped  transition the brand&#8217;s range of opportunity.<strong><em></em></strong></p>
<p><strong><em>Keep it simple.</em></strong> Christopher Johnson – a naming and branding consultant – has just published a worthwhile new book titled <a href="http://www.amazon.com/Microstyle-Writing-Little-Christopher-Johnson/dp/0393077403"><em>Microstyle: The Art of Writing Little</em></a>.  His first paragraph opens with the words &#8220;We don&#8217;t always have to be  clever, thank goodness. Often simply being clear is enough.&#8221;</p>
<p>So many brand nuances would be easier to resolve if people confined  themselves to plain-speak. So many conceptual words – and &#8220;concept&#8221; may  be the worst one of all – now mean so many things to different people  that they have become unintelligible. Especially at the outset of any  branding project, stress clear and simple terms.<strong><em></em></strong></p>
<p><strong><em>Stay visceral. </em></strong>For me, distinct personal  and experiential icons have unmatched power. The scent of finely tanned  leather . . . a confident hand sweeping across a tablet computer screen.  These images are not a journey into poetry for its own sake. And words  are always a poor second-best to hard-boiled experience. Know both the  good and bad of your brand&#8217;s physical profile. That may include empathy  as you watch your customer struggle with your product labeling in a  grocery aisle or attempt to navigate sizing information on your website.<strong><em></em></strong><br />
<img title="Next page..." src="http://blogs.forbes.com/simongraj/wp-includes/js/tinymce/plugins/wordpress/img/trans.gif" alt="" /><br />
<strong><em>Don&#8217;t believe you are engaged in brand intimacy, when you&#8217;re just mouthing jargon. </em></strong>Media  immerse us in supposedly intimate experiences everywhere. Don&#8217;t  lip-sync the rhetoric. It&#8217;s so easy to fabricate &#8220;Big Screen&#8221; intimacy  into the brand experience. For example, do we delude ourselves to think  that attributes like <strong><em>care</em></strong> and <strong><em>warmth</em></strong> are hallmarks of a brand when the real enticers might be the solidity  of the stitching or the clarity of the contents labeling? Keep tangibles  first and foremost.<strong><em></em></strong></p>
<p><strong><em>Know what you can do.</em></strong> For so long,  seduction has been the dominant dynamic of marketing, rather than  straightforward communication. Isn&#8217;t the side-effect predictable? When  we finally land on a Big Idea with plenty of steam and staying power, we  think it can do anything! Well it can&#8217;t. Brands live in sharply  defined, constantly changing spaces. Know the inherent operational  issues of your company to make sure the goals are clear and realizable  and that the necessary execution can take place.</p>
<p>Big Ideas have indispensable utility. The risks come with that  enticing equation: Big Idea = Big Manager. Immerse yourself into every  inch of the brand experience, but be ever-cautious about projecting  yourself into the brand. Reprising David Ogilvy&#8217;s experience with Big  Ideas in the advertising world is pertinent. Late in his career, Ogilvy  tallied the number of Big Ideas he had generated as not &#8220;more than 20.&#8221;  Further he described a Big Idea as an experience that &#8220;wells up&#8221; over  &#8220;the telephone line from your unconscious.&#8221; Unconscious and authentic.  The more a Big Idea starts and stops with the Big “I”, the greater your  risk of shipwreck.</p>
<p>© 2011</p>
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		<title>RISKS LURKING IN SWAMPS</title>
		<link>http://www.ggny.com/blog_gg/?p=822</link>
		<comments>http://www.ggny.com/blog_gg/?p=822#comments</comments>
		<pubDate>Wed, 20 Jul 2011 13:38:23 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[FarmVille]]></category>
		<category><![CDATA[Lloyd's List]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=822</guid>
		<description><![CDATA[Last fall, FarmVille game players encountered new icons on their landscape – a McDonald&#8217;s hot-air balloon and a Farmers&#8217; Insurance© blimp. Their presence in cyberspace reflects the new realities of touchpointing brands. The places where brands need to make statements today are radically different from a decade ago. In one way, that&#8217;s a reflection of [...]]]></description>
			<content:encoded><![CDATA[<p>Last fall, FarmVille game players encountered new icons on their landscape – a McDonald&#8217;s hot-air balloon and a Farmers&#8217; Insurance© blimp. Their presence in cyberspace reflects the new realities of touchpointing brands. <strong><em>The places where brands need to make statements today are radically different from a decade ago.</em></strong></p>
<p>In one way, that&#8217;s a reflection of opportunity. In another, it&#8217;s a statement about risk. It&#8217;s always a risk to be absent from the hot conversational centers. It&#8217;s riskiest of all to sidestep places where conversation is hot, even when risk itself may be the #1 topic.</p>
<p>Those locations are ever changing. Between 1652 and 1675, the number of coffeehouses in London exploded from one to 3,000. One of them, founded in 1688, was frequented by the seafarers and investors of London&#8217;s dock crowd. The proprietor: Charles Lloyd.</p>
<p>In 1696 came the publication of <em>Lloyd&#8217;s List</em>. Gradually, the insurance and reinsurance market of Lloyd&#8217;s of London took shape. About the same time, Jonathan&#8217;s Coffee House became the birthplace for the London Stock Exchange. A crucial point: <strong><em>Commerce closely follows any age&#8217;s hot spots for buzz about transactional risks. </em></strong>Once it was Ye Olde Coffee Shoppe . . . today it might be chat rooms and Social Inboxes on Facebook.</p>
<p>It&#8217;s also easy to be beguiled about the heady aroma of any new space for brand presence.<strong><em> You can whisk a brand into cyberspace almost effortlessly. But, unless the brand is seaworthy, the voyage will be a rocky one.</em></strong></p>
<p>Risk has many faces. One of the dominant messages we hear about brand risk is: Brand managers have failed to simplify and clarify their business approaches. Have you tightened up your basic business model? And, even though execution may have become highly complex and detailed; have you kept the brand simple, direct and straightforward – especially for your customers and your investors?</p>
<p>Here&#8217;s a checklist of four crucial fundamentals:</p>
<ul>
<li><strong><em>What does the brand stand for clearly and authentically in a crowded universe?</em></strong> Do you have a sure-footed, reliable grasp of brand truth? How do consumers have the opportunity to engage with the brand and help its acceptance and evolution?</li>
</ul>
<ul>
<li><strong><em>Who is the brand&#8217;s core customer?</em></strong> In times past, it may have been the silent loyal shopper. Or perhaps it was the retailer who bought your wares by the truckload. Either was once a reliable proxy for brand acceptance. <strong><em>Today vocal fans and friends are becoming powerful brand drivers.</em></strong> Does your brand strategy pinpoint those people you need to reassure and influence? Do you have reliable ground-up strategies to reach them in authentic ways?</li>
</ul>
<ul>
<li><strong><em>Is your operational infrastructure sound?</em></strong> Don&#8217;t think fancy. Organize basics with the least expense first. And, emphasize cultural transparency. The world surrounding any brand moves at lightning speed. It&#8217;s also saturated with complexity. Zero in on high-impact solutions.</li>
</ul>
<ul>
<li><strong><em>It&#8217;s hard to imagine brand modern management without some sort of &#8216;stage-set&#8217;. </em></strong>Everyone needs to taste the same home-baked bread together. That means a place where your team can co-experience product, packaging, collateral materials, point-of-sale, web presence, mobile, and all the other touchpoints. Sure, this fuels creativity. In the long run, it&#8217;s also an unbeatable efficiency edge. <strong><em>You can&#8217;t email a brand-identity experience, no matter how elaborate or learned the attachments. </em></strong></li>
</ul>
<p>All of your colleagues may be equally committed to the success of the brand you are defending and advancing. But we all trek through the weeds and reeds of our individual work-a-day swamp. The biggest risk-reduction favor you can do for your brand:<strong><em> Constantly revisit the brand basics, and snip off the excess.</em></strong> Make sure the basics remain simple and clear.</p>
<p>Do it for the sake of your team, but most of all, do it for yourself. Don&#8217;t convince yourself you have a straightforward brand strategy, when it&#8217;s become complex and convoluted. In his book <em>The 4-Hour Workweek</em>, Timothy Ferriss quotes the Nobel-Prize winning physicist Richard P. Feynman: &#8220;The first principle is that you must not fool yourself, and you are the easiest person to fool.&#8221; In the risky swamp of vague brand strategies, that is especially so.</p>
<p>©2011</p>
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		<title>GUARDRAILS FOR THE INTELLIGENT GUT</title>
		<link>http://www.ggny.com/blog_gg/?p=810</link>
		<comments>http://www.ggny.com/blog_gg/?p=810#comments</comments>
		<pubDate>Mon, 11 Jul 2011 14:13:46 +0000</pubDate>
		<dc:creator>Simon</dc:creator>
				<category><![CDATA[Brand Management]]></category>

		<guid isPermaLink="false">http://www.ggny.com/blog_gg/?p=810</guid>
		<description><![CDATA[Gut instinct may have enormous advantages compared with other core modalities for navigating through life. There is, however, no getting around another truth: No system is fool-proof. If you rely on gut instinct, learn in advance the ways that it can come up short. Know and respect historical reality. President Harry Truman had a knack [...]]]></description>
			<content:encoded><![CDATA[<p>Gut instinct may have enormous advantages compared with other core modalities for navigating through life. There is, however, no getting around another truth: No system is fool-proof. If you rely on gut instinct, learn in advance the ways that it can come up short.<strong><em></em></strong></p>
<p><strong><em>Know and respect historical reality. </em></strong>President Harry Truman had a knack for dispensing bite-sized wisdom.<strong><em> </em></strong>Here&#8217;s a chunk that appears in Merle Miller&#8217;s oral biography of Truman, titled <em>Plain Speaking</em>:</p>
<p>&#8220;The only thing new in the world is the history you don&#8217;t know.&#8221;</p>
<p>Dig deep to learn the real history of a business and the brands it represents.</p>
<p>When companies try to identify and revitalize their brand identity, they tend to dismiss or gloss over actions that may have seriously damaged the brand in the past. Management often wants to hang on to a vision of the brand which is no longer valid, but emotionally they just can&#8217;t give it up. They try to rewrite history and appeal to an appreciation for the brand that has long since disappeared. This syndrome is probably the #1 hazard facing brand managers as a group.<strong><em></em></strong></p>
<p><strong><em>Don&#8217;t let brash decision-making masquerade as gut instinct. </em></strong>Over time, the analytical manager has become synonymous with a deliberate, often tortured decision-maker. The seat-of-the-pants, gut-instinct type, by contrast, is depicted as rolling through decisions like a Sherman tank, without a moment&#8217;s reflection or a second-guess.</p>
<p>Technology is rewriting this script. The speed with which data can be crunched has accelerated to make data available far faster. Strictly quantitative decision-making is thus made even easier and more dangerous. While it will never be fast enough to account for all possibilities, the data-driven decision maker is more firmly misled into the belief that all the necessary factors are being weighed.</p>
<p>The corresponding temptation for gut-instinct managers is to shun input altogether and act impetuously just to keep up. <strong><em>Using your gut effectively is not pitting your intuition in a drag race against analytic caution.</em></strong></p>
<p>Making the right decision is the goal. Take time to size things up. Allow the deeper reality to reveal itself, and that may take time. Don&#8217;t jump to conclusions. And, don&#8217;t share conclusions prematurely or you may bias the very process you want to remain open and genuine. Immerse yourself in perception until you&#8217;re truly confident that the vision is clear to you.</p>
<p><strong><em>If you&#8217;re using social media as a gut-instinct validator, you could be headed for a tumble. </em></strong>In the last decade, much has been made about the &#8220;wisdom of crowds&#8221; – that uninformed masses of people have an uncanny knack for guessing the correct answer to even complex problems.<strong><em></em></strong></p>
<p>Some exciting new research out of Switzerland has shed light on crowd thinking. The assumption about crowd wisdom is true, provided the individuals in the crowds <strong><em>don&#8217;t </em></strong>talk to each other. Social media, however, are undermining this assumption in important ways – supporting the rapid spread of what may be poorly grounded opinions and proving to be easily manipulated.</p>
<p>According to a May article in <em>Wired</em>, Swiss researchers have found that sharing speculation within a group can cause group wisdom to mislead.</p>
<p>“&#8217;Although groups are initially ‘wise,’ knowledge about estimates of others narrows the diversity of opinions to such an extent that it undermines&#8217; collective wisdom. . . . &#8216;Even mild social influence can undermine the wisdom of crowd effect.&#8217;”</p>
<p>#</p>
<p>As with any other powerful management tool, gut instinct demands discipline. As you learn to master its perils, confidence will grow; and this resolve will surely be needed to innovate in volatile times.</p>
<p>Gut instinct and ground-breaking adventure are natural partners. So much innovation is achieved by fearless individualists who didn&#8217;t have expertise in fields over which they had no prior command:</p>
<ul>
<li>Nicolas Hayek, who started out as a reinsurance actuary and lived by the motto of learning new things each day, renovated the Swiss watch industry, co-founded Swatch, and helped pioneer the Smart Car.</li>
<li>Richard Branson, who first mastered phonograph record retailing, ventured into the &#8220;virgin&#8221; territory of airlines and has had a redefining impact on the travel industry.</li>
</ul>
<ul>
<li>Andrew Mason graduated with a degree in music from Northwestern in 2003 and dabbled in recording engineering and public policy studies before his immersion in websites led him to found Groupon.</li>
</ul>
<p>The more comfortable you are with the established ways of thinking in any specialty, the more unlikely it is for you to create new turf. Being overwhelmed by age-old problems generally atrophies creativity. But confident gut instinct – that appreciates both the horsepower and the guardrails – can ignite creative engines of unimagined velocity.</p>
<p>© 2011</p>
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