how to build a marketing plan 2015
TRANSCRIPT
ADVANCED MASTER IN INNOVATION AND MANAGEMENT - STRATEGIC MARKETING- © Prof. L. Bouty 2015 1
STRATEGIC MARKETING
Advance Master in Innovation and Management
Professor Laurent Bouty
Brussels, 2015
© JEN COLLINS @ Flickr
v1.1This document is work in progress and I am waiting to improve it based on your feedbacks
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WHOISBUILDINGTHEPLAN?
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CMOa strange specie today
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SOPHISTICATED STRATEGIST
ENTREPRENEURIAL TRAILBLAZER
VS.
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BUSINESS LEADER
MARKETING GURU
VS.
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SECTOR SPECIALIST
VERSATILE PARTNER
VS.
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INNOVATION CHAMPION
VS.
SHOPPER EXPERT
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DIGITAL EXPERT
VS.
MARKETING TRADITIONALIST
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MARKETING PLANNINGIS A COMBINATION OFART & SCIENCE
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MARKETING PLANNING IS A DISCIPLINE
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Intended StrategyDeliberate StrategyUnrealized Strategy
Realized Strategy
Strategy is a plan: they are made in advance of the actions to which they apply and they are developed consciously and purposefully
Emer
gent
Stra
tegy
Source: Mintzberg H., The strategy concept I: Five Ps for Strategy, California Management Review 1987
Strategy is a pattern: the successful approaches merge into a pattern of action that becomes our strategy.
DIFFERENT APPROACHES FOR BUILDING A STRATEGY
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TODAY, WE ARE IN A VUCA WORLD
VUCA: Volatile, Uncertain, Complex and Ambiguous
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WEARE IN ANEW ERA
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STRATEGIC PROCESS HAS BEEN SIMPLIFIED
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DESIGN PROCESS IS NOW USED IN BUSINESS SCHOOL
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TODAY, WE SHOULD BE LEAN & AGILE
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WHY DO YOU NEED A PLAN?
ADVANCED MASTER IN INNOVATION AND MANAGEMENT - STRATEGIC MARKETING- © Prof. L. Bouty 2015
REMEMBER…
19
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Money
MONEY!
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MARKETING IS A DEDICATED MIX OF ART AND SCIENCE BUT THE ULTIMATE FOCUS MUST ALWAYS BE THE BUSINESS
CMO.com (http://www.cmo.com/articles/2011/6/14/10-great-expectations-what-ceos-want-from-their-cmos.html)
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MAIN ASSUMPTION OF THE METHODOLOGY
THE MARKETING PLANNING EXERCISE SHOULD START FROM THE MAIN REASON WE DO IT:
DELIVERING THE FINANCIAL OBJECTIVES
THUS ALL ELEMENTS OF THIS STRATEGIC PROCESS SHOULD BE STRONGLY LINKED WITH THESE FINANCIAL OBJECTIVES.
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FINANCIAL OBJECTIVES
THE FINANCIAL OBJECTIVES ARE DETAILED IN THE P&L:
REVENUECOGSOPEXEBITDACAPEXFCF
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THE PROCESSSTEP 1 - START FROM COMPANY FINANCIAL OBJECTIVES
TOPICS ACTIONS
Group/Company objectives(Constraints)
Revenue, Gross Margin, OPEX (People, Marketing budget, …), EBITDA, CAPEX, FCF
Current Situation(The Game)
WHO (Brand)WHAT (Value Proposition + Price)WHERE (Channels)HOW (Cx, Conversations, Advocacy)FOR (Financial Equation)
Find Growth(Investigation)
What are the Brakes and Accelerators for growing users, transactions and/or Prices?
Define Options(Scenarios)
Option 1 - Generate Growth with the current situationContinue As-Is
Option 2 - Generate Growth through improvement of current situation (improve the game)Improve VP, Price, Channels, Brand, Cx, Conversation
Option 3 - Generate Growth through extension of current situation (extend the game)Extend VP, Price, Channels, Brand, Cx, Conversation
Option 4 - Generate Growth through innovation (change the game)Innovate VP, Price, Channels, Brand, Cx, Conversation
Build RoadmapConsolidate actions identified in Options in a consistent roadmap:GET (New Revenue), KEEP (Existing Revenue), USE (New Transactions)
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THE PROCESSSTEP 1 - START FROM COMPANY FINANCIAL OBJECTIVES
When you build your Marketing Plan, You need to know what you are expected to deliver at the end.
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HOW TOPLAY THEGAME?
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How do you make the link between Company Objectives and Marketing Initiatives?
QUESTION
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PROFIT = PRICE - COST
SHAREHOLDER VALUE CREATION IS ABOUT THE FUNDAMENTAL EQUATION
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STEP 1 - CONSTRAINTS & OBJECTIVESUNDERSTAND WHERE YOU PLAY AND YOUR OBJECTIVES
PRICE - COST = Profit
SubstitutesThreat of entry Buyer power
--
Supplier powerRivalry
-
-+-
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Good Marketing Analysis ties the details of strategy to the financial implications
Source: Barwise, P., Marsh, P., & Wensley, R. (1989). Must finance and strategy clash. Harvard Business Review, (September-October), 85.
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YOU NEED
AN EQUATION!!
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!"# = %&'"!×)!*+'*,)-.+×/!-,"
AVG PRICE PER
TRANSACTION
# TRANSACTION PER YEAR PER
CUSTOMER
# CUSTOMERS
(or Users)
MY PROPOSAL
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MY PROPOSAL
Revenue Y0
U0,T0,P0
Users
Transactions
Price
Revenue Y1
U1,T1,P1Incremental revenue due to user increase∆UxT0xP0
Incremental revenue due to transaction increase
U0x∆TxP0
Incremental revenue due to price increaseU0xT0x∆P
Assumption: Second degree factors are considered not relevant
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SO
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Marketers are focused on being the
GROWTH engine for the firm
source: Forbes CEO/CMO dilemma
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MORE USERS
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USERS ARE IMPACTED BY DIFFERENT FACTORS
QUESTION TO ASK:
How is the evolution of our Customer Base?Flat, (Rapid) Growth, (Rapid) Decrease
How can we get more users?How can we loose less users?
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MORE TRANSACTIONS
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TRANSACTIONS ARE IMPACTED BY DIFFERENT FACTORS
UP-SELL
CROSS-SELL ELASTICITY
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HIGHER PRICES
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504 BRAND VALUATION
prudence. Its evaluations must be shown to bevalid, coherent and reproduceable. This iswhy, paradoxically, only the brands that havebeen bought individually, or that wereincluded in the price paid for a company, canbe posted in the balance sheet of the acquiringcompany. The overall price paid gives anupper limit to their value. So far, all over theworld, the principle of prudence has lednational and international accounting normsand standards to forbid the posting in thebalance sheet of internally grown brands. It isof course possible to propose brand valua-tions, but as long as the brands have not beenbought and sold, there is too much doubtabout the validity of these estimates. Brandsacquire value through the market.
Accounting for brands: the debate
The debate on the inclusion of all of thebrands, whether they be purchased orcreated, raises basic questions about the veryessence of accounting. Why do balancesheets and company accounts exist? Is it togive an estimation of the true financial value
of the company (which of course is verysubjective) or, following the accountingprudence principle, to include only objectivedata and to assess only past and recordedtransactions? Until now the second idea hasbeen chosen in all countries: therefore onlytransactions involving external brands arerecorded. If the internal brands were to benoted, the principle of reality would berespected at the expense of reliability and ofthe consistency of accounting. In fact, whatwould we think of a balance sheet which wasbased on non-uniform and sometimessubjective methods of evaluation? Theinclusion of an acquired brand does notviolate the principle of bookkeeping athistorical costs, which is a fundamentalaccounting principle. How then can internalbrands be valued? As we will see later on, thevaluation methods, which are based onhistorical costs or replacement costs, are notgood enough. The best methods are thosebased on projections of future income, whichare highly subjective. A certain amount ofuncertainty and heterogeneity, which areagainst the rules of caution, would be createdif these were included in the balance sheet.
Price
Without astrong brand
Volumepremium
Pricepremium
Volume
With astrong brand
Figure 18.1 What is ‘brand equity’?
PRICES ARE IMPACTED BY DIFFERENT FACTORS
OPTIONS
Be Honest, Thank you Customers, Explain Your Costs, Add Features, Give a Lower-Priced Option, Over-Delivered First, Add More Value, Raide Prices for Reasons Other Than Profitability, Explain But Don’t Apologise, Inform Your Customers
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BUT THE BUDGET IS NOT UNLIMITED!
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!"#$%& = ()*!+×$+&-*&.$#/-×0+#.!1 − ./3*1 − /0!4
SO!
MAXIMIZEMore Users, More Transaction, Higher (Margin on) Price
MINIMIZEAutomation, Purchasing power, Channel
efficiency, Acquisition cost, Retention cost
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HOW TOMAXIMIZETHEEQUATION?
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You (BRAND) ARE PROPOSING Something (VP)At a (PRICE)To Someone (PERSONA)
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You (BRAND) ARE INTERACTING Across (TOUCHPOINTS)And having (CONVERSATIONS)With Someone (PERSONA)
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YOU MARKETING
NEEDS FOUNDATION
BRAND VALUE PROPOSITION
PRICE
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YOU MARKETING
NEEDS INTERACTIONS
TOUCH-POINTS
CONVER-SATIONS
BRAND
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THE PROCESSSTEP 2 - WHAT IS THE CURRENT SITUATION?
TOPICS ACTIONS
Group/Company objectives(Constraints)
Revenue, Gross Margin, OPEX (People, Marketing budget, …), EBITDA, CAPEX, FCF
Current Situation(The Game)
WHO (Brand)WHAT (Value Proposition + Price)WHERE (Touchpoints)HOW (Cx, Conversations, Advocacy)FOR (Financial Equation)
Find Growth(Investigation)
What are the Brakes and Accelerators for growing users, transactions and/or Prices?
Define Options(Scenarios)
Option 1 - Generate Growth with the current situationContinue As-Is
Option 2 - Generate Growth through improvement of current situation (improve the game)Improve VP, Price, Channels, Brand, Cx, Conversation
Option 3 - Generate Growth through extension of current situation (extend the game)Extend VP, Price, Channels, Brand, Cx, Conversation
Option 4 - Generate Growth through innovation (change the game)Innovate VP, Price, Channels, Brand, Cx, Conversation
Build RoadmapConsolidate actions identified in Options in a consistent roadmap:GET (New Revenue), KEEP (Existing Revenue), USE (New Transactions)
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SO THEGAMEIS ?
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WHO (Brand)WHAT(Value Proposition + Prices)WHERE(Touchpoints)HOW(Cx, Conversations, Advocacy)FOR (Financial Equation)
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BRAND
TOUCH-POINTS
DESIGN
PAID
EARNED
OWNED
SHARED
PRODUCTS & SERVICES
GAIN CREATORS
FOUNDATIONSINTERACTIONS
DESIGN
CONVER-SATIONS
VALUE PROPOSITION
PRICES
PAIN RELIEVERS
PRICING MECHANISMS
COST STRUCTURES
MOMENT OF TRUTH
OMNICHANNEL
MICRO-MOMENTS
EXPERIENCES
PERSONAS
GROWTH HACKING
RETENTION
REVENUESOPEX, CAPEX
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YOU NEEDSOMEMODELS
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YOU MARKETING
NEEDS FOUNDATION
BRAND VALUE PROPOSITION
PRICE
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“New exciting ideas and perspectives on brand building are offered that have been absent from our literature.”Philip Kotler, S C Johnson & Sons Distinguished Professor of International Marketing, Northwestern University,
Kellogg School of Management, USA
“Kapferer continues to be on the leading edge.”Earl N Powell, President, Design Management Institute, Boston, USA
“Managing a brand without reading this book is like driving a car without your license.” Haesun Lee, Senior Vice President of Marketing,AMOREPACIFIC Co, Korea
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“One of the definitive resources on branding for marketing professionals worldwide.”The Economic Times, India
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Adopted by leading international business schools, MBA programmes and marketing practitioners alike, The New StrategicBrand Management is simply the reference source for senior strategists, positioning professionals and postgraduate students. Over the years it has not only established a reputation as one of the leading works on brand strategy but hasalso become synonymous with the topic itself.
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Jean-Noël Kapferer is one of the very few worldwide experts on brands. His book stands out fromothers with its unique insights, its style of exhaustive analysis and its original perspectives, stemming fromhis strategic vision, and his international background and experience. A professor of marketing strategy atHEC Paris, he holds a PhD from Northwestern University (USA) and is an active consultant to manyEuropean, US and Asian corporations. He also gives executive seminars in the US, China, Japan, Korea and
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• growth in saturated markets;• decommoditisation;• innovation in emerging markets;• brand rejuvenation and turn around;• managing brand consistency and diversity;
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Kogan Page120 Pentonville RoadLondon N1 9JNUnited Kingdomwww.kogan-page.co.uk
Kogan Page US525 South 4th Street, #241Philadelphia PA 19147USA
£35.00US $70.00
Branding / Business and management
THE NEWSTRATEGICBRANDMANAGEMENT
Creating and sustaining brand equity long term
“New exciting ideas and perspectives on brand building!”Philip Kotler
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new_strategic_brand_aw:Layout 1 6/12/07 16:25 Page 1
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PERSONAS, VP, BRAND AND PRICING
BRAND VP
The Value Proposition Canvas
Customer (Segment) Profile:
copyright: Strategyzer AGThe makers of Business Model Generation and Strategyzer strategyzer.com
Pains
Gains
CustomerJob(s)
copyright: Strategyzer AGThe makers of Business Model Generation and Strategyzer strategyzer.com
The Value Proposition Canvas
Gain Creators
Pain Relievers
Products& Services
Value (Proposition) Map:
appearance is important but it is not all.Nevertheless, the first step in developing abrand is to define its physical aspect: Whatis it concretely? What does it do? Whatdoes it look like? The physical facet alsocomprises the brand’s prototype: theflagship product that is representative ofthe brand’s qualities.
That is why the small round bottle is soimportant each time Orangina islaunched in a new country. The bottleused today is the same as it has alwaysbeen. From the beginning, it has served toposition Orangina, thanks to its uniqueshape and to the orange pulp that we canactually see. Only later was it marketed instandard family-size PET bottles and incans. In this respect, it is also quite signif-icant that there used to be a picture of thefamous Coca-Cola bottle on all Coke cans.It is true that modern packaging tends tostandardise brands, making them allclones of one another. Thus, in using theimage of its traditional bottle, Coca-Colaaims to remind us of its roots.
There are several delicate issuesregarding Coke’s physical facet. Forexample, is the dark colour part of itsidentity? It is certainly a key contributorto the mystery of the brand. If it belongsto the brand’s kernel, key identity traits,then there could never be any such thingas colourless Crystal Coke, even thoughthere is such a thing as Crystal Pepsi.Likewise, would grapefruit Orangina inthe classic round bottle be possible?
Many brands have problems with theirphysical facet because their functionaladded value is weak. Even an image-basedbrand must deliver material benefits.Brands are two-legged value-addingsystems.
2. A brand has a personality. By communi-cating, it gradually builds up character.The way in which it speaks of its productsor services shows what kind of person itwould be if it were human.
‘Brand personality’ has been the mainfocus of brand advertising since 1970.
BRAND IDENTITY AND POSIT IONING 183
PICTURE OF SENDER
PICTURE OF RECIPIENT
Relationship Culture
Reflection
Physique Personality
Self-image
EXTE
RNAL
ISAT
ION
INTE
RNAL
ISAT
ION
Figure 7.4 Brand identity prism
FIT
PERSONASFOUNDATIONS
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YOU MARKETING
NEEDS INTERACTIONS
TOUCH-POINTS
CONVER-SATIONS
BRAND
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CHANNELS BECOME EXPERIENCES (CX)COMMUNICATION BECOMES CONVERSATION (POSE)
POE stands for Paid, Owned and Earned
ExperiencingPre-Arrival Post-Check Out
PLANNING BOOKING TRAVELING CHECK IN DINING GAMING SHOPPING ENTERTAINMENT RELAXING IN ROOM CHECK OUT TRAVELING SHARING PLANNING
EXCITEMENT
SURPRISE
EMPOWERED
OVERWHELMING
FRUSTRATION
INTENSITY
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Touch points
The Value Proposition Canvas
Customer (Segment) Profile:
copyright: Strategyzer AGThe makers of Business Model Generation and Strategyzer strategyzer.com
Pains
Gains
CustomerJob(s)
Brand Experience
Channels
Conversations
Pains, Gains, Jobs Alternatives (Competition, Substitution)
Brand Proposition (Externalisation, Internalisation)Service Level Agreement vs CompetitionDoing, Thinking, Feeling
On-line, Off-lineStatic, MobileDirect & IndirectHuman, Automated
Paid, Owned, Earned, SharedStoriesVon Restorff effectAdvocacies
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@iacquire
The New Consumer Decision Journey
via Google ZMOT 2012
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QUESTION Can I deliver growth with the current situation?
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STEP 3 - INVESTIGATIONUNDERSTAND CONTRIBUTION OF EACH ELEMENTS
REV USER TRANSACTION REV/TRANS.
BRAND
VP
PRICE
CHANNELS
CONVERSATION
FOUNDATIONS
INTERACTIONS
{{
Accelerators
Brakes
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STEP 3 - SCENARIOS FOUNDATIONSWHAT SHOULD BE CHANGED IN THE FOUNDATIONS?
BRAND VP
The Value Proposition Canvas
Customer (Segment) Profile:
copyright: Strategyzer AGThe makers of Business Model Generation and Strategyzer strategyzer.com
Pains
Gains
CustomerJob(s)
copyright: Strategyzer AGThe makers of Business Model Generation and Strategyzer strategyzer.com
The Value Proposition Canvas
Gain Creators
Pain Relievers
Products& Services
Value (Proposition) Map:
appearance is important but it is not all.Nevertheless, the first step in developing abrand is to define its physical aspect: Whatis it concretely? What does it do? Whatdoes it look like? The physical facet alsocomprises the brand’s prototype: theflagship product that is representative ofthe brand’s qualities.
That is why the small round bottle is soimportant each time Orangina islaunched in a new country. The bottleused today is the same as it has alwaysbeen. From the beginning, it has served toposition Orangina, thanks to its uniqueshape and to the orange pulp that we canactually see. Only later was it marketed instandard family-size PET bottles and incans. In this respect, it is also quite signif-icant that there used to be a picture of thefamous Coca-Cola bottle on all Coke cans.It is true that modern packaging tends tostandardise brands, making them allclones of one another. Thus, in using theimage of its traditional bottle, Coca-Colaaims to remind us of its roots.
There are several delicate issuesregarding Coke’s physical facet. Forexample, is the dark colour part of itsidentity? It is certainly a key contributorto the mystery of the brand. If it belongsto the brand’s kernel, key identity traits,then there could never be any such thingas colourless Crystal Coke, even thoughthere is such a thing as Crystal Pepsi.Likewise, would grapefruit Orangina inthe classic round bottle be possible?
Many brands have problems with theirphysical facet because their functionaladded value is weak. Even an image-basedbrand must deliver material benefits.Brands are two-legged value-addingsystems.
2. A brand has a personality. By communi-cating, it gradually builds up character.The way in which it speaks of its productsor services shows what kind of person itwould be if it were human.
‘Brand personality’ has been the mainfocus of brand advertising since 1970.
BRAND IDENTITY AND POSIT IONING 183
PICTURE OF SENDER
PICTURE OF RECIPIENT
Relationship Culture
Reflection
Physique Personality
Self-image
EXTE
RNAL
ISAT
ION
INTE
RNAL
ISAT
ION
Figure 7.4 Brand identity prism
1. OBSERVATION OF PERSONAS2. FIT BETWEEN PERSONAS AND
FOUNDATIONS3. CONSISTENCY BETWEEN ELEMENTS4. SIMPLICITY (Ockham’s razor)5. MAXIMIZATION OF FINANCIAL
EQUATION (U,T, P)
FIT
PERSONASFOUNDATIONS
External environment is a constraint
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STEP 4 - SCENARIOS AMPLIFICATIONSWHAT SHOULD BE CHANGED IN THE INTERACTIONS?
McKinsey Quarterly 2009 Number 32
An interactive exhibit explores the new consumer decision journey model and describes how marketers can use it to communicate with consumers at key stages in the decision-making process. Find the exhibit on mckinseyquarterly.com.
and more complicated than the funnel suggests. We call this approach the consumer decision journey. Our thinking is applicable to any geographic market that has different kinds of media, Internet access, and wide product choice, including big cities in emerging markets such as China and India.
We developed this approach by examining the purchase decisions of almost 20,000 consumers across five industries and three continents. Our research showed that the proliferation of media and products requires marketers to find new ways to get their brands included in the initial-consideration set that consumers develop as they begin their decision journey. We also found that because of the shift away from one-way communication—from marketers to consumers—toward a two-way conversation, marketers need a more systematic way to satisfy customer demands and manage word-of-mouth. In addition, the research identified two different types of customer loyalty, challenging companies to reinvigorate their loyalty programs and the way they manage the customer experience.
Finally, the research reinforced our belief in the importance not only of aligning all elements of marketing—strategy, spending, channel man- agement, and message—with the journey that con- sumers undertake when they make purchasing decisions but also of integrating those elements across the organization. When marketers under- stand this journey and direct their spending and messaging to the moments of maximum influence, they stand a much greater chance of reaching consumers in the right place at the right time with the right message.
Q3 2009CDJExhibit 1 of 4Glance: In the traditional funnel metaphor, consumers start with a set of potential brands and methodically reduce that number to make a purchase.Exhibit title: The traditional funnel
Awareness Familiarity Consideration Purchase Loyalty
Exhibit 1
The traditional funnel
ExperiencingPre-Arrival Post-Check Out
PLANNING BOOKING TRAVELING CHECK IN DINING GAMING SHOPPING ENTERTAINMENT RELAXING IN ROOM CHECK OUT TRAVELING SHARING PLANNING
EXCITEMENT
SURPRISE
EMPOWERED
OVERWHELMING
FRUSTRATION
INTENSITY
1. JOURNEY MAPPING2. YOUR BRAND SLA AT EACH
TOUCHPOINT3. CHANNEL EXECUTION AT EACH
TOUCHPOINT4. CONVERSATIONS AT EACH
TOUCHPOINTS5. OMNI-CHANNEL (ALIGNMENT)6. CONVERSION BETWEEN
CHANNELS
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THE PROCESSSTEP 3 - INVESTIGATION
TOPICS ACTIONS
Group/Company objectives(Constraints)
Revenue, Gross Margin, OPEX (People, Marketing budget, …), EBITDA, CAPEX, FCF
Current Situation(The Game)
WHO (Brand)WHAT (Value Proposition + Price)WHERE (Touchpoints)HOW (Cx, Conversations, Advocacy)FOR (Financial Equation)
Find Growth(Investigation)
What are the Brakes and Accelerators for growing users, transactions and/or Prices?
Define Options(Scenarios)
Option 1 - Generate Growth with the current situationContinue As-Is
Option 2 - Generate Growth through improvement of current situation (improve the game)Improve VP, Price, Channels, Brand, Cx, Conversation
Option 3 - Generate Growth through extension of current situation (extend the game)Extend VP, Price, Channels, Brand, Cx, Conversation
Option 4 - Generate Growth through innovation (change the game)Innovate VP, Price, Channels, Brand, Cx, Conversation
Build RoadmapConsolidate actions identified in Options in a consistent roadmap:GET (New Revenue), KEEP (Existing Revenue), USE (New Transactions)
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4 OPTIONS As IsImproveExtendInnovate
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STEP 3 - OPTIONSFIND GROWTH
REV AS IS IMPROVE EXTEND INNOVATE
BRAND Reach Objectives
with current game
Reach Objectives
by improving
current game
Reach Objectives
by extending
current game
Reach Objectives
by changing the game
VP
PRICE
CHANNELS
CONVERSATION
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IMPROVEMENT EXTENSION INNOVATION
76
EXAMPLE
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IMPROVEMENT EXTENSION INNOVATION
77
EXAMPLE
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THE PROCESSSTEP 4 - OPTIONS
TOPICS ACTIONS
Group/Company objectives(Constraints)
Revenue, Gross Margin, OPEX (People, Marketing budget, …), EBITDA, CAPEX, FCF
Current Situation(The Game)
WHO (Brand)WHAT (Value Proposition + Price)WHERE (Touchpoints)HOW (Cx, Conversations, Advocacy)FOR (Financial Equation)
Find Growth(Investigation)
What are the Brakes and Accelerators for growing users, transactions and/or Prices?
Define Options(Scenarios)
Option 1 - Generate Growth with the current situationContinue As-Is
Option 2 - Generate Growth through improvement of current situation (improve the game)Improve VP, Price, Channels, Brand, Cx, Conversation
Option 3 - Generate Growth through extension of current situation (extend the game)Extend VP, Price, Channels, Brand, Cx, Conversation
Option 4 - Generate Growth through innovation (change the game)Innovate VP, Price, Channels, Brand, Cx, Conversation
Build RoadmapConsolidate actions identified in Options in a consistent roadmap:GET (New Revenue), KEEP (Existing Revenue), USE (New Transactions)
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BUILDa plan with your actions
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Strategies TargetsBusiness Measures Initiatives
Continue Strong Growth Increase Sales
500 million by 2008
• Conduct on-line training for every rep (Q1)
• Change compensation System (Q3)
Description of your strategic
choice
How this will be
measured and tracked
Expected performance / Improvement
Level
What We Will Do to Achieve This
Performance / Improvement Level
80
STEP 5 - ROADMAPDEFINE YOUR ROADMAP AND BUDGET
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Strategies TargetsBusiness Measures
Continue Strong Growth
Increase Sales
Report Annualised Profits
Gain Market share
500 million by 2012
50 million by 2012
33% of Our Market Segment by End of 2012
81
STEP 5 - ROADMAPDEFINE YOUR ROADMAP AND BUDGET
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THE PROCESSSTEP 5 - ROADMAP
TOPICS ACTIONS
Group/Company objectives(Constraints)
Revenue, Gross Margin, OPEX (People, Marketing budget, …), EBITDA, CAPEX, FCF
Current Situation(The Game)
WHO (Brand)WHAT (Value Proposition + Price)WHERE (Touchpoints)HOW (Cx, Conversations, Advocacy)FOR (Financial Equation)
Find Growth(Investigation)
What are the Brakes and Accelerators for growing users, transactions and/or Prices?
Define Options(Scenarios)
Option 1 - Generate Growth with the current situationContinue As-Is
Option 2 - Generate Growth through improvement of current situation (improve the game)Improve VP, Price, Channels, Brand, Cx, Conversation
Option 3 - Generate Growth through extension of current situation (extend the game)Extend VP, Price, Channels, Brand, Cx, Conversation
Option 4 - Generate Growth through innovation (change the game)Innovate VP, Price, Channels, Brand, Cx, Conversation
Build RoadmapConsolidate actions identified in Options in a consistent roadmap:GET (New Revenue), KEEP (Existing Revenue), USE (New Transactions)
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DIGITALis not a strategy!
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DIGITAL FOR BUSINESS IS LIKE WATER FOR FISH!YOU CAN’T SURVIVE WITHOUT IT
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THE PROCESS
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BRAND
TOUCH-POINTS
DESIGN
PAID
EARNED
OWNED
SHARED
PRODUCTS & SERVICES
GAIN CREATORS
FOUNDATIONSINTERACTIONS
DESIGN
CONVER-SATIONS
VALUE PROPOSITION
PRICES
PAIN RELIEVERS
PRICING MECHANISMS
COST STRUCTURES
MOMENT OF TRUTH
OMNICHANNEL
MICRO-MOMENTS
EXPERIENCES
PERSONAS
GROWTH HACKING
RETENTION
REVENUESOPEX, CAPEX
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THE PROCESS
TOPICS ACTIONS
Group/Company objectives(Constraints)
Revenue, Gross Margin, OPEX (People, Marketing budget, …), EBITDA, CAPEX, FCFBrand equity
Current Situation(The Game)
WHO (Brand)WHAT (Value Proposition + Price)WHERE (Channels)HOW (Cx, Conversations, Advocacy)FOR (Financial Equation)
Find Growth(Investigation)
What are the Brakes and Accelerators for growing users, transactions and/or Prices?
Define Options(Scenarios)
Option 1 - Generate Growth with the current situationContinue As-Is
Option 2 - Generate Growth through improvement of current situation (improve the game)Improve VP, Price, Channels, Brand, Cx, Conversation
Option 3 - Generate Growth through extension of current situation (extend the game)Extend VP, Price, Channels, Brand, Cx, Conversation
Option 4 - Generate Growth through innovation (change the game)Innovate VP, Price, Channels, Brand, Cx, Conversation
Build RoadmapConsolidate actions identified in Options in a consistent roadmap:GET (New Revenue), KEEP (Existing Revenue), USE (New Transactions)
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AND DON’T FORGET!
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DO THE BASICS,RIGHT
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Marketing is my passion. I am Academic Director at Solvay Brussels Schools in Belgium where I teach Strategy and Marketing.
I am a CMO veteran. I have managed large teams and budgets in real life (not only academic) where I learned the hard way!
I am interested in your views to make this approach better.
Join me on:
Twitter @lboutyFacebook: Laurent BoutyEmail: [email protected]: www.bouty.net
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