chapter bangolufsen04
DESCRIPTION
Curious about the entrepreneurial adventure behind inspiring brands, Brand and Strategic Professional Martijn Arets decided to quit his job, hand in his lease car, ignore all uncertainties and follow his dream. For five months, he travelled more than 15,000 kilometres across Europe in a one-of-a-kind 1971 Volkswagen T2 camper van, meeting with the founders, CEOs and brand managers of 20 authentic European brands in what was to prove a unique trip: Brand Expedition. On popular demand, he has bundled the lessons and stories behind 20 appealing European brands such as Lego, Mini, Skype, The Body Shop and Adidas to create Brand Expedition, the book. More information? Check www.brand-expedition.com or send Martijn a Tweet: @martijnarets.TRANSCRIPT
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READ OUT LOUDTHE STORY BEHIND
BANG & OLUFSEN
SURVIVING IN A NICHE MARKET
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BEFORE YOU START….
please look into your camera and tell us slowly your name, city and country… Then you can start reading this paragraph out loud… Have fun!
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Furthermore, it is of course a smart move to associate yourself with these premium brands and thus become attractive to the target group that has the funds to buy Bang & Olufsen equipment.
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The risk in focusing too much on design is that you become stuck with an attractive but useless product. “In order to maintain the right balance between design and functionality we employ the ‘Idea Factory’ when
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developing a new product. This is a team of technical experts, designers, psychologists and architects who evaluate the development of a product from their specific angle. This way we avoid introducing a
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product on the market that looks beautiful, but is completely user unfriendly. We have chosen not to have designers in fixed employment. In the ‘Idea Factory ’ there are two to four freelance
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designers who each come up with their own proposal. These designers, who also work in other market segments, ensure that we come up with innovative ideas.
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