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1
Get Out Of Your Own Head
How arrogance (not technology) is creating bad branding,
marketing, and PR strategies
Alma Derricks & Lee GaitherPRCA U: New Thinking in an Old School
April 12, 2010
Introduction
Me, Myself & I
Inside Out vs. Outside In
Technology Doesn’t Kill People…BREAK ~ 9:15A
Case Study 1: Moving Forward
Case Study 2: Crouching Tiger
Q&A
Closing thoughtsRECESS ~ 1145A
Today
Know More Than Thyself
• Diversity: opinions, perspective, experiences, expectations
• Demographics vs. psychographics
• Brands ≠ democracy
• Bring your brain: opinions, instincts, common sense
intend
promise
deliver
product
think
say
do
company
expect
hear
feel
consumer
inner
action
meaning
thinking = saying = doing
PRODUCT
SALES
MARCOM
COMMUNITYAFFAIRS
CORPORATE
FINANCE
OPERATIONS
MARKETING
logo
packaging
TV/radio commercials
namebusiness cards
BUSINESSSTRATEGY
BRANDcustomer service
signage
blogs
website
love/hate sitesAmazon.com
retail stores
uniforms
target marketshuman resources
investor relations
media relations
philanthropy
compensation
billboards
PRprint ads
features
pricing
stock pricegrowth strategysocial consciousness
warranty
return policy
app Facebook Twitter
• Stock market value - book value = “goodwill”– brands account for over 33% of shareholder value
• Intangible value drives business value– influences choices of customers, employees, investors– average corporate life span grows from 25 to 60 years– strong brands routinely outperform the market (e.g.
sales, irrational pricing & margins)
• Brand competition drives innovation– pressure to improve and evolve– Increased social accountability
• Branding focuses the organization– efficient use of resources– increased employee morale and focus
Good Branding = Good Business
Inside Out…
• Corporate priorities
• Financial goals
• Capabilities & qualifications
• Competitive advantage
• Operations & management
• “One way” marketplace messages
• Talking
…Outside In
• Customer priorities and expectations
• Customer service
• Keeping promises
• Consistency
• “Two-way” conversations
• Listening
Technology doesn’t kill people…
• Surviving in a 24x7, immediate, global, fragmented, demanding marketplace
• Branding fundamentals still rule
• Empowered consumers
• Transparent companies
• Accelerating & eroding the life span of brands
• Real World = Platform
• America's oldest registered distillery -established 1866
• Distillery located in Lynchburg (pop. 361), Tennessee
• Unique distilling process -distilled whiskey is charcoal mellowed drop by drop before aging
• America’s top-selling premium distilled spirit
• Most popular American spirit in the world
• Acquired by Brown-Forman in 1956
• heritage
• tradition
• history
• quality
• lifelong customer relationships
• global reach
• entrepreneurial zeal
• long-term, 100 year perspective
“At Brown-Forman, our brand of business is as much about the past as the future.”
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We have a tendency for mechanical failure in accelerator pedals… We are not protecting our customers by keeping this quiet. The time to hide on this one is over. We need to come clean.
IRV MILLER
FORMER VP, ENVIRONMENTAL & PUBLIC AFFAIRSJANUARY 17, 2010
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Toyota: Discussion Questions
• Start with a specific perspective– Toyota Corporate– Lynch Toyota of Auburn– US Department of Transportation
• Identify top three issues/challenges
• Create a compelling message– brand strategy– marketing strategy– public relations strategy
• Select and prioritize your key touchpoints– high tech– low tech
Tiger, I am more prone to be inquisitive, to promote discussion. I want to find out what your thinking was. I want to find out what your feelings are. Did you learn anything?
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Case Study :: Questions
• Start with a specific perspective– Tiger Woods Inc.– Nike– Professional Golfer’s Association (PGA)
• Identify top three issues/challenges
• Create a compelling message– brand strategy– marketing strategy– public relations strategy
• Select and prioritize your key touchpoints– high tech– low tech
#1 Just say no to “iMe”
#2 Cultivate an outside-in perspective
#3 Coordinate business + brand strategy
#4 The new marketplace is two-way
#5 Bring your brain, instincts, opinions
#6 Don’t let technology drive business and branding decisions
#7 Practice, practice, practice
#8 Go boldly
Getting Out Of Your Head
37
Get Out Of Your Own Head
How arrogance (not technology) is creating bad branding,
marketing, and PR strategies
Alma [email protected]