BrandStorm_BIZ by AbhimanyuSukhwal

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									                          WISDOM IN A NUTSHELL




                   Brand Storm
   A Tale Of Passion, Betrayal, And Revenge




                                    By
                               Will Murray
                 Prentice Hall Pearson Education Limited 2000
                              ISBN 0 273 65095 5
                                  233 pages




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Brand Storm                                                             Page 2


Book web site www.brandstorm.com




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Brand Storm                                                                      Page 3


The Big Idea
The Internet is just the beginning of the Information Age, the gateway to the new
Human economy. Brand Storm explores the future of business in a very
meaningful, hopeful, creative, and visual way. This is a business book that reads
like a life plan. Divided into three main parts: Ideas, Actions, and Dreams, Brand
Storm aims to inspire, to reach out and touch our emotions as well as our reason.
Brands, dreams, and values should be integrated into your life so you live and
breathe customers. People should be at the heart of every thing you do. Boring
old companies that do not recognize the power of their customers are dinosaurs
and will meet their inevitable extinction. The communication and technology we
have today democratize the economy into “one vote, one voice” per consumer.
These are just the baby steps toward a future where the brand becomes very
personal. Any betrayal of a customer’s trust means she will have her revenge.
Heed the Brand Storm message and be warned.

The Brand Storm Wishbone
What is a wishbone? A plain English blueprint for the success of your idea.

Vision – Business success in the new human economy, through mutual trust
Dream – To be the first truly engaging, enjoyable, and accessible business book
Purpose – To help you, the customers, establish economically viable and
sustainable trust with your customers
Promise – To enhance your future business prospects in an enjoyable and
memorable way
Approach – To illuminate the future, to make ideas actionable, to inspire you to
want to live your own dreams
Strategy – To ignite you to take positive action by appealing to your emotions as
well as your reason, to help you implement Brand Storm through a dedicated
web site, to encourage dialogue between you and the author and other readers
to create an ongoing and shared experience
Tactics – Make it fun, simple, visual, dynamic, and doable.

“The only difference between being a child reading an adventure book and being
an adult in the 21st century is that the child can put the book down, and you can’t”


The Seven Ages of Man
We have entered the age of ideas. “One man one voice” is the cry of democracy
on the Internet. The network gives us universal rights of suffrage and those who
lose in the service of the customer will lose by the millions.

With the Internet, the customer has the right of reply. How many e-mails have
you received written by angry customers who are out looking for revenge? Some
are out for blood. The service in most places you go to is less than satisfactory.




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Brand Storm                                                                     Page 4


Power is placed in the hands of the people and because of such great power
companies should be scrambling to satisfy and delight, woo and win the love of
every customer’s heart. The global audience is a cruel one. The Internet is the
cornerstone of consumer democracy with “one customer one voice”.

Expect customers to express their views loudly.
Word of mouth will be the new advertising.
Treat behavioral transparency as a way of life.
Stop thinking how the Internet can help you and start thinking about delighting
your customers.
The Internet isn’t about companies; it’s about enfranchised customers.

Throughout the history of humanity, every era of progress has grown increasingly
shorter. Rural economies lasted 10,000 years, the Industrial age lasted 200
years, the Consumer economy a mere 50, the Knowledge economy is only 25
years old. What’s next? The Human Economy, and who knows how short this
period of evolution will last until we take the next step to the Intelligence
economy.

Change is happening at a rate faster than anything else. Be prepared to meet it
head on. Man’s hierarchy of motivation has evolved along with the different ages.
In the tribal economy, we were only thinking of basic survival. Civilization came
with the Rural age, the Industrial age brought us learning, the Consumer age
focused on lifestyles, the Knowledge economy centers around communications,
and the Human economy focuses on the Individual and the future? An
Intelligence economy focused on Being. We are seeking higher standards for
ourselves with every age.

We are gradually shifting from the Knowledge economy to the Human economy:
Power is shifting from companies to consumers.
Existing commercial and political structures are being challenged.
Traditional corporate structures may not stand the wear and tear.
One person working at home alone can take on an established company.


Welcome to the death zone
Companies are being born and are dying at a faster rate than ever. The
competition is a younger, fit, skilled person down the road who probably knows
more people than you do.

A Tidal Wave of Choice
Today the consumer has so much freedom of choice. It is infinite. Buying
decisions are taking longer because there is just so much choice out there. The
company that doesn’t get its brand out there in the information web is going to
die. Companies are going to need more imagination to attract and keep
customers.



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Brand Storm                                                                        Page 5



A customer walking around carrying a grudge against your company is lethal.
That customer will tell up to ten people how unhappy you’ve made him. If you’ve
pleased him, he will only tell up to two good friends.

It’s A Flat World
Once again there is a level playing field. It used to be that only Western countries
had a say in the world economy. Now there are talented Indians filling up the IT
industry, and the genuine warm service found in Asian countries provides a
service edge that is ingrained culturally.

Build a service experience to blow away your customers! There are places in
Asia where travelers are surprised because people don’t expect a tip. They
genuinely offer service with a smile. All the training in the world can’t make an
inherently cold and unfriendly people suddenly warm up to their customers.
Westerners are pleased to feel the warmth of Asian people. The strong family
ties are also an edge for businesses in Asia. These cultural values level the
playing field where once only those with technology and infrastructure ruled.
Today everyone can get their hands on the latest technology, and the latest is
almost always found in places like Japan, Hong Kong, Singapore and pretty soon
China will be the major force to contend with. Apart from a predominantly young
population, Asia is full of people willing to work for less. It’s a tough place to beat.

If You’re Not Customer-Centric You’ll Soon Be A Dead Dinosaur

Small and global is now a viable reality.
Infinite choice is a given.
Start believing in your customers.
Get ready to offer serious service value.
Be prepared for customer surveillance.
Strive to make your customer’s lives better while you still can.

The two key motivators to be on the Internet today are Greed and Fear.

People are fooled by the notion the Internet is all about e-commerce. The
Internet is about customers. At the heart of it is not a great shopping mall in the
sky but an Information Superhighway. Businesses fail on the Internet because
they join the bandwagon for fear of being left behind, without the faintest clue that
it is really all about seducing customers. They think it is a cost-cutting device and
use the Internet for marketing, customer service and distribution. Sadly there is
just too much marketing and no real value. The customer benefit has to be
greater than all the product marketing and distribution functions of the company
website. This is why not all businesses will be able to exploit the advantage of
the Internet.




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Brand Storm                                                                       Page 6


Today’s economy is Retail – dominated. The old consumer economy was totally
product – dominated. The balance of power has shifted and the customer is king.

Make the customer the center of your universe.

A Snapshot of the Customer-Centric Future:
Lifestyle information about vision, values, and virtues plus relevant information
for customers to base their decisions on will be part of the new customer spin.

What used to be called advertising will be known as market awareness.

Strong and meaningful brands and concepts, co-branding with suppliers, creating
unique in-store and online experiences will provide world-class customer access.
A powerful editorial feel like that of a great magazine is required with a constantly
evolving tone and content.

Customer experts with the right attitude for delighting customers in their own
homes will become the new customer guardians.

Delivery options will be available to support both store and web-based shopping.
Speed, flexibility, and location become critical. Local hubs for home deliveries will
be the norm.

Forget the High Streets!
Rethink the use of property. With a little design, marketing, and creative
imagination, lofts can be rented out within old warehouses. Take Chelsea Harbor
in the UK. Quasi-industrial, commercial, and arty areas that showcase urban chic
on the cheap combine with the funky new retail mix.

You are limited only by your imagination.

The future of the high street is up for grabs!

Sloppy thinking will cost you millions.
Don’t think e-tail or retail. Think both.
In-home personal shopping will become a cost of sale.
High street hybrids herald a suburban age.
However you trade, you need a clear customer advantage beyond price and
convenience.
Trash the retail rulebook and e-business essentials.

Where there’s Internet shopping, there’s also real life night markets. Think about
how customers shop today and invent how they’ll shop in the future.




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Brand Storm                                                                     Page 7



Virtual Unreality
One man’s isolation is another man’s night out with friends. How many people
enjoy staying home surfing and chatting with strangers they’ve never physically
met? The number is growing.

The facts:

-People are spending more time online and when they do they spend less time
with friends and family and go out less.
-People don’t know their neighbors as well as they used to.
-Voyeurism and social detachment are on the increase.
-People socialize less in the area where they live.
-Parks and local amenities are deteriorating and local shops are closing.
-People are talking less.
-Working hours are longer.
-Remote working and hot-desking are on the rise.
-E-mail is reducing phone and personal contact.
-We are assaulted by infotainment.

Ultimately the Internet is all about choice. Just because you can do something
doesn’t mean you have to. Human nature doesn’t change. People will still prefer
the company of others to talking to a machine.

Confident consumers see through the hype and demand to be treated how they
want, when they want.

The 3 Types of Consumers
Dependent customers are still looking for comfort and tradition. Geography is a
factor, and if it isn’t near enough, then it isn’t easy enough. Cost matters if a
product offers superb value. Convenience builds dependence and is habit-
forming. Habit is dependence forming. The emphasis for retailers selling to
dependent customers will be consistency, reliability, and distinctiveness.

Free customers are always seeking innovation. They are commercially
promiscuous. Delight free customers with new experiences, and the funkier the
better.

Liberated customers are well-informed and mature. They either change the way
things work or make the world a better place by being part of it. They value trust
and meaning. They are relationship-orientated both personally and commercially.
They like the human touch. Companies need to be there for them in the long-
term and treat them with respect.


Becoming Customer-Involved



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Brand Storm                                                                      Page 8


Go and live with your customer. Get up close and personal. Research thoroughly
and recruit non-executive consumers to your board. Reward them for their
trouble. Word of mouth travels faster in the human economy so the more
involved you are now, the better it will be for your business.

The Bottom Line
Decide who you want your customers to be and stick with them.
Immerse yourself in your customer’s lives.
Learn about what they value.
Empathize with them.
Focus.
Be clear about what your customers will pay for.
Be the world’s best at providing it.
Cut out anything else.
Don’t’ be distracted by your own agenda.
Constantly check how you are doing.
Don’t over-engineer your service.

So what’s a businessperson to do?
If your customers are dependent, satisfy them. Be proud of what you do and do it
well.
If your customers are free, delight them. You are as good as your latest trick.
If your customers are liberated, love them. Human values such as respect will
make all the difference. Treat them as individuals.

Corporate Karma
The concept of cause and effect and the theory of inevitable consequence are
highly applicable in the human economy. Your development in the next few years
is entirely in your own hands.

Define “Brand”
A Brand is everything connected to the essence of a company. The directors,
people, products, logo, the company itself, the physical presence, visual
presence, voice, reputation, associations, customer perception, and the sum total
of all of its communications. Brand is the elixir of life, no longer a mark on a cow,
a badge like Levi’s, or an icon like Nike, the meaning of the word “brand” has
evolved into the company DNA from which all life grows…

Performance Brands
Performance brands must do what is expected of them at the minimum. Their
primary marketing focus will be around the four C’s:

Character –the innate image of your product or service. Traditionally developing
brands through advertising, promotion, packaging, endorsements, associations,
etc.




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Brand Storm                                                                     Page 9


Capability – the performance of your product or service. How reliable is it? How
does it compare to the competition?

Care – The customer experience, from your in-store service to your help desks
and guarantees. Courtesy and efficiency is the base line. Betray your customers
in this area and you will feel their revenge.

Cost – in the human economy, with price transparency, cost will be important and
we are talking about value, not about being cheap.

Personality Brands
Most fashion brands are personality brands that aim to delight the customer.
Exploration and excitement are a vital part of this brand. The primary marketing
focus will be around the four D’s:

Difference – communicate a big difference and if you are not perceived as
genuinely different, forget it.

Delivery – Internet or home delivery should be streamlined. Failure to delivery
may lead to a very vocal and disappointed customer.

Delight – Personality brands must be like bungee jumping for consumers. Live
and let rip.

Dynamics – Change is the key word. A personality brand requires constant
evolution around a common purpose. The greater the degree of consumer
involvement, the better.

Partner Brands
Partner brands are in a love affair with the customer. As is the case for romantic
attachments, it is better when their love is not unrequited. Respect for the
customer, shareholder, investor, staff member, and the environment are part of
the partner brand responsibility.

Their marketing focus should be around the four P’s:

People – values and virtues are more important than vision, and people
underwrite everything a partner brand stands for

Partnership – enshrined in the partner brand constitution as the relationship of
choice with everyone

Promise – a gentleman’s word is his bond and partner brands must behave the
same way

Professionalism – If something is worth doing, partner brands do it well.



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Brand Storm                                                                    Page 10



The role of brands has evolved: brands are now company DNA from which all life
grows.

The Superman brand is dead.
Can your brand perform? Do you care?
Do you have a personality with a difference?
Are you the ideal partner? Do you keep your promises?
Are you the personification of your brand?
If you cheat your customers, bad karma will go with you.

Your destiny is the inevitable consequence of everything you do and everything
you say.
If You Cut Your Company in Half, Would it read “Customer”?

Are you the very best at what you do?
Are there things more important to you than money?
Is your company’s integrity questionable?
Do your people and products walk the same talk?
How fit is your brand?
Do you live the values you want your team to live?
How do potential recruits feel about your values?

Actions
To take action you live out your values. A company cannot live on vision alone.
You need a strategy, visuals, a voice. You need to decide how you want your
company to be identified in the 21st century. Ignoring this now will prove fatal.

Your brand spirit and psyche should evolve to Involve customers. There is so
much work to be done.

Dream big!
The only way to fully capture the new way of thinking and communicating is to
link up to www.brandstorm.com or get a personal copy and make it your new
bible. Share it with your colleagues. Let the ideas flow.

The Dreams laid out in this book capture the personalities of the leaders of
companies now. Their dreams form part of the total picture of Brand Storm.
Reading like a slum book of personal questions and themes like “Would you like
to have designed your own school?” or “Are you ready for turmoil?” The answers
to these questions are best read verbatim. Personal interactions, creativity,
imagination, and essentially Human qualities rule in the Dreams chapter. The
future starts to look exciting. It’s the most challenging time to live and develop
intelligent brands.

We are filled with hope.



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