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Boeing And The Quest For Quality

Amid all the issues surrounding air travel over the holidays, one thing that makes flying worth considering is safety. We do not need to place safety on our list of holiday air travel woes, a list that is already extensive. Yet, just before Thanksgiving, the press reported on new and improved safety elements from Boeing. If you recall, and who possibly wants to while actually sitting on a Boeing-manufactured plane, Boeing had several serious –...
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How Marketing Turns Ideas Into Business

From all my years in research and consulting, I think I’ve learned a thing or two about marketing worth sharing. Enduring fundamentals, mostly yet often overlooked. So, this year, I’m sharing some for your consideration. I hope they’re helpful. This week’s thought: Marketing turns ideas into business. Ideas are the heart and soul of marketing. It’s all about intangibles—lightbulb moments of inventive strategic inspiration. It’s a lot of brainwork, and thus, marketing is easily mocked....
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Starbucks’ Third Place Strategy: Built For The Past

This month, Starbucks announced that its coffee delivery business is now a $1.0 billion business. Yes, that’s right, $1.0 billion. With a “B.” And, even more striking, in its most recent quarter, Starbucks also announced that said delivery business grew by almost 30%. Now, some out there might be thinking, “Okay, that’s interesting, but what’s the big deal?” Well, the big deal is that the implications of this statistic go far beyond just selling coffee. The Experience...
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Ray Kroc’s Strategy: The Playbook For Today’s Top Restaurant Brands

One of the things that makes marketing advice sound so specious, at times, is when the marketing advice dished up is considered newly insightful, but is, in reality, just a description of the eternal obvious, the “greens fees,” the “table stakes.” When The Wall Street Journal ran an article titled, “Restaurant Executives Tell Us How They Get Customers When Times Are Hard,” you might have been expecting some real insights. You might have expected some...
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Know Your Customer: The CEO

It is axiomatic that marketers should know their customers. In many firms, it is the role of marketing to speak for the customer – to represent the needs of and advocate for customers, and to build and maintain relationships with customers. These activities are essential to the long-term survival of the firm because customers are the ultimate source of revenue and other resources necessary for the firm. Without customers, a firm does not last long....
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Black Friday: A Ritual In Brand Damage

Brands constantly speak of innovation. They celebrate transformation, responsibility, customer-centricity, and long-term value. Yet every November, many return to one of the oldest commercial reflexes: the mass-discount ritual known as Black Friday. This article is part of Branding Strategy Insider’s newsletter. You can sign up here to get thought pieces like this sent to your inbox. A practice wrapped in modern packaging, but rooted in a logic from another era. A practice that once emerged...
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How Brands Find Advantage In Leveraging Contradictions

Probably no surprise to those who chronicle our fractured behaviors, we have become unwilling to compromise. As uncompromising consumers, we want benefits that contradict and complement at the same time. We want brands to consistently deliver a paradox promise. A paradox promise is when a brand offers and delivers the optimization of two contradictory benefits. Success today requires brands to address needs-driven, occasion-based conflicts by developing compelling, trustworthy branded paradox promises that deliver relevant, differentiated...
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Branding And Strategic Investment: Why Firms Don’t Invest

Branding is a business strategy. It can justify higher margin because customers trust the brand based on their prior experience or because the brand is the best match for their preferences with respect to one or more product characteristics. The value of the brand to the firm is the price premium it commands. Successful branding can increase loyalty among customers, making them less likely to switch from purchase occasion to purchase occasion, even when competitors...
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