Strategy
Research
Old: asking customers to fill out forms
weakness: client can only say what he already knows
Now: Ask people / look at sales from similar products
pitch the idea / visit customers of competitive products / non customers
observations / ask a social network questions / make prototypes
Creation Spiral
1.Wish vision mission
2. Imagine vivid description BHAG
3.Believe would you invest in it?
4. Express
5. Research very important
6. Plan strategy
Core Promiss of the company
1. What? Product / Service what do you make or do?Tone of voice / proposition / Brand DNA
Subtopic
2. Who? Customers / Value chain
3.How? Where / logistics
commodity problem: transparancy of internet makes that on the market of commodities only prices matter
Companies have to had things to the commodity
Experience Ladder: with the example of coffee
Dreams come true: yet unknown
Awesome experiences: starbucks
Solutions: Nespresso machine
Services: coffee in a bar, more expensive
Goods: Grinded coffee, more expensive
Raw materials: Coffee beans, very cheap
This is valid only business to customer so not raw oil from producer to shell
History of Brands
1870's Identification branding: brand gives unique aspect to branding (USP = unique selling property)
Product benefit branding
symbolic branding: emotional dimension eg marlboro
experience branding: starbucks
societal branding: ethical values
total branding: total synchronization of story and company eg BMW
End Phase: Open branding: brands have always been invented behind a desk. Now people want to participate
development is driven by creation of more brands over time
a product without brand is a commodity
Intelligent vs Imaginative Marketing
Intelligent
BDO, build-a-brand-model
Define the DNA with Vision / Value / Voice
Good Vision is a paradox of two things that are hard to combine
eg Mechanics & Style
Values of a marketleader Vitality / Prestation / Harmony / Continuity
Every company has a place on the four axes
Every model has a division of rational / emotional / comparative
Imaginative