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What becomes an Icon most?,
Douglas B. Holt, Harvard Business Review, 2003
Some brands become icons. Think of Nike, Apple, Harley-Davidson.
But they are not built according to the principles
of conventional marketing, says Harvard Business School
marketing professor Douglas Holt. Iconic brands beat
the competition not just by delivering innovative
benefits, services, or technologies, but by forging
a deep connection with the culture. A brand becomes
an icon when it offers a compelling myth. In America,
the most potent myths are depictions of rebels. Mountain
Dew has long offered a rebel myth in ads showing exciting,
vital men who are far from the ideological model of
success. Loyal customers drink the beverage to consume
the myth. But Mountain Dew's greatest achievement
is that it has retained its iconic power by creating
fresh rebel myths to suit the tensions of each era.
Holt says marketers can learn from Mountain Dew and
other iconic brands if they are willing to move beyond
conventional brand management. |
Selling the Brand Inside,
Colin Mitchell, Harvard Business Review, 2002
When you think of marketing, chances are your mind
goes right to your customers - how can you persuade
more people to buy whatever it is you sell? But there's
another "market" that's equally important:
your employees. Author Colin Mitchell argues that
executives by and large ignore this critical internal
audience when developing and executing branding campaigns.
As a result, employees end up undermining the expectations
set by the company's advertising - either because
they don't understand what the ads have promised or
because they don't believe in the brand and feel disengaged
or, worse, hostile toward the company. Mitchell offers
three principles for executing internal branding campaigns.
First, companies need to market to employees at times
when the company is experiencing a fundamental challenge
or change. Second, companies must link their internal
and external marketing campaigns. And, third, internal
branding campaigns should bring the brand alive for
employees, creating an emotional connection to the
company that transcends any one experience. |
How to make after-sales services
pay off,
http://www.mckinseyquarterly.com/, 2003
For durable-goods manufacturers, service contracts
are an increasingly important revenue stream, since
they offer high margins and can account for 30 per
cent or more of income. But these plans are hard to
price because costs can vary widely. While many companies
are squandering this potential profit by offering
poorly designed service plans, this article tells
how a few of them are capturing tremendous value by
taking a fact-based approach to pricing services.
By carefully segmenting customers according to service
needs and developing tools to track costs, some manufacturers
have boosted their operating margins for services
by three to nine percentage points, typically within
a year, explains the author. |
Brand building in emerging
markets,
http://www.mckinseyquarterly.com/, 2003
US and European consumer goods companies have hit
a wall in their home markets; competition is fierce
and growth minimal. But as these companies enter the
fast-growing emerging markets of Africa, Asia, and
Latin America, this article explains how they face
an equally harsh reality. The time-honoured techniques
that have made them leaders in developed markets -
expensive brand building, frequent product enhancements,
and sophisticated marketing - are ill suited to the
vast, but price-sensitive, middle and low ends of
emerging markets, says the author. A study of 23 product
introductions in such regions illuminates the operational
and organisational approaches most likely to succeed
there. This article discusses that the brand-name
products will always capture their share of affluent
consumers. But in the low-end of emerging markets,
companies should take their cues from local competitors:
keep local managers in place, adhere to local standards
of quality, and maintain the autonomy - and the cost
efficiency - of local operations. |
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