Posts Tagged ‘MARKETING STRATEGY’

The End of Marketing As We Know It – Sergio Zyman



WHAT THE BOOK SAYS END OF

  • Marketing today is all about image, but it isn’t working properly
  • Marketing is a science, not an art
  • Marketing is too important to be left to the marketing department
  • Marketers must be accountable to shareholders
  • Focus on results, not activities
  • Megabrands are a rotten idea

WHAT’S GOOD ABOUT IT

  • It is full of ballsy assertions such as Traditional marketing is not dying, it’s dead, and Why have marketing? To make money
  • The section on How to sell the most stuff and make the most money has some helpful steps you can copy:
  • How to make positioning a two-way street
  • How branding creates identity
  • How to stop brands becoming static
  • How to compete against yourself
  • How to define consumer expectations that your competitors can’t meet
  • All the quotes you want are in bold for easy picking:
  • “When you start looking at exactly how much things cost and how much profit you are getting…you become a much better marketer”
  • “Narrow how your competitor is defined to a single trait or quality whilst simultaneously broadening yours”
  • “The old conventional thinking that said that if you grab people’s hearts, their wallets will follow is dead, kaput, finished…people need reasons to buy”
  • At the end there are the 28 principles of new marketing (see list)

WHAT YOU HAVE TO WATCH

  • The author is the former Chief Marketing Officer of Coca-Cola, so there are a lot of Coke examples
  • He has a bit of a chip on his shoulder about being disliked by creative ad agencies, which can make some of his points defensive (“Agencies can never make smart, fully informed decisions because they are never going to be fully informed”)
  • The 28 principles of new marketing aren’t exactly new
  • Implementing his approach might encourage machismo in the office

 

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Podcast 11, Meatball Sundae by Seth Godin


Podcasts are back!  This week Seth Godin’s Meatball Sundae.


Download Meatball Sundae

Meatball Sundae

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In Search of the Obvious – Jack Trout


WHAT THE BOOK SAYS OBVIOUS

  • Sub-titled The Antidote for Today’s Marketing Mess, this is a pointed polemic about the state that marketing has got itself into. He gives a thorough pasting to marketing, advertising, research, Wall Street, the internet, and several named client companies.
  • Instead of concentrating on segmentation, customer retention or search engine optimisation, marketers should be looking for that simple, obvious differentiating idea.
  • Particular culprits are people and organisations that deliberately put complication in the way of the obvious – and shoot themselves in the foot.
  • Many people fear the activity of thinking so they follow suggestions made by others to avoid it.

 


WHAT’S GOOD ABOUT IT

  • We seem to have no time to think any more. Many meetings are little more than gadget envy sessions.
  • “The art of being wise is the art of knowing what to overlook.” William James
  • Mission statements are denounced as bunk. A survey of 300 revealed that the words used in them are all the same: service (230), customers (211), quality (194), value, employees, growth, environment, profit, leader, best.
  • Sales, technology and performance leadership are all valid concepts. Thought leadership is not – it doesn’t mean anything.
  • If you want to solve a problem, try: substitute, combine, adapt, magnify, minimise, eliminate, and a range of other angular thinking techniques
  • The biggest blunders these days are: Me-too product or idea, unclear what you are selling, untruthful claims, arrogance brought on by success

 


WHAT YOU HAVE TO WATCH

  • All the examples are American, so you have to work with them.
  • He has quite a rant. There are moments when the vitriol appears to outweigh rational analysis, but some may find that fun.

 

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Meatball Sundae – Seth Godin

 

WHAT THE BOOK SAYS

  • MEATBALLIt is subtitled How New Marketing Is Transforming The Business World (and how to thrive in it).
  • A meatball sundae is something messy, disgusting and ineffective, the result of two perfectly good things that don’t go together. Meatballs are basic staples – the stuff that used to be marketed quite well with TV and other mass market techniques. The sundae topping is the new marketing, which looks appealing to traditional companies but is useless at selling meatballs. He outlines 14 trends in new marketing:

1. Direct communication between producers and consumers
2. Amplification of the voice of the consumer and independent authorities
3. Need for an authentic story as the number of sources increases
4. Extremely short attention spans due to clutter
5. The Long Tail
6. Outsourcing
7. Google and the dicing of everything
8. Infinite channels of communication
9. Direct communication and commerce between consumers and consumers
10. The shifts in scarcity and abundance
11. The triumph of big ideas
12. The shift from “how many” to “who”
13. The wealthy are like us
14. New gatekeepers, no gatekeepers

 

WHAT’S GOOD ABOUT IT

  • For a century, successful organisations were built around traditional marketing tactics. New media alternatives have ended the guaranteed effectiveness of TV, and often deliver very fast results at almost no cost. But it doesn’t work for everyone and asking what this stuff can do for you is the wrong question. The right one is how can we change our business.
  • Interruption as a media thought no longer works. Consumers regard it as SPAM and just hit delete or skip.
  • The Long Tail demonstrates that in almost every single market “other” is the leading brand. Domination by hit products is fading.
  • The classic bell curve with volume in the mid price range has been replaced by an inverted one, where very cheap and expensive are the most fertile areas.
  • Ideas that spread through groups of people are far more powerful than ideas delivered at an individual.

 

WHAT YOU HAVE TO WATCH

  • Nothing

 

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11 2009