Wednesday, March 31, 2010
What do we want our brand to stand for?
Manchester United and England fans love Wayne Rooney for what he does.
We, marketers, continuously try to define the brand we want very closely, and we use a combination of research and intuitive judgements to reach our definition. Basically we are all trying to answer the question: what do we want our brand to stand for?
Apple is not about making computers and iphones but liberating human creativity. Disney is not about making cartoons, but about creating magic for kids of all ages. The Apple brand is young and challenging; the Disney brand is an ageless child.
Back to Rooney...people use many different words to describe Rooney's key attributes: commitment, determination, hardworking, relentless. And they used phrases to match: "The English bulldog gives 110%." Rooney may not have the natural flair or charisma of Eric Cantona or Lionel Messi, or the electrifying skill and pace of Cristiano Ronaldo, but his dedication has been his biggest asset
Tuesday, March 30, 2010
Simple thank you notes
Making a customer starts with these simple thank-you notes. Maintaining this contact will surprise and flatter most customers.
It is a generally ignored fact of business that it is far, far easier to sell more to an existing customer we have than to sell to a new customer.
Monday, March 29, 2010
Ask the market
I was looking for a solution to the market share troubles. "Why not ask the buyers in the market?"I wondered aloud.
It's all too easy to focus on the wrong things. At the end of the day, it is the right products/services, the right place and time, and the right price that are the keys to attaining market share.
Sunday, March 28, 2010
Creating self-managing teams
Saturday, March 27, 2010
We reap what we sow
That ad made me think of a native invention of Australia - the boomerang. As a principle of life it holds true anywhere.
What ever a man sows, he reaps. It is silly to plant a mango tree and hope for durian.
A leader doesn't see things from his own point of view. If he's a salesman, what are the benefits to the buyer? If he's an employee, how can he help his company stay competitive and remain excellent? if he's an employer, what else can he do to empower his employees and staff for peak performance?
Friday, March 26, 2010
Shiver-giver
I was on SQ325 from Frankfurt to Singapore. I noticed that the airline had omitted the 13th row on the plane.
Millions of us are superstitious or believe in luck charms. Why is a "black"cat unlucky - when cats of other colours are pretty much "all right"? Friday is not the shiver-giver; the number 13 is! What is 13? Just another number!
The desire for "good luck"has brought about huge buying audiences for such items as luck charms and rabbits' feet. It seems the only thing unlucky about a rabbit's foot is the rabbit.
Superstitions can be enjoyable when we treat them lightly and laugh about them. They do us no good when they close our minds, start arguments, paralyze our opinions or get us upset.
Thursday, March 25, 2010
Find a mentor
I believe everyone in life should have a mentor - someone around 20 years older than oneself. I have been blessed to be able to regularly tap into the wisdom of the late Lau Kong Beng, Charlie Goh, Steve Ong, Christo Diamandopoulos. I cannot think of anything I have done in my earlier days with first consulting one of them (and there are many things I haven't done because I heeded one of their advice). It helps to talk with someone who has already traveled the pathway of the journey before me.
