In brand building small things can have a big impact. A previous post outlined how achieving superior brand communications is often “a game of inches”. This post looks at identifying which details of what a brand does that makes the most difference to its success. Too many moments of truth Attention to detail is by … Continue reading
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To develop new products that sell like hot potatoes, think hot potatoes: Guidelines for ‘breakthrough’ innovation in today’s risk-averse business climate
Earlier this year, on a sweltering March day at Melbourne’s Moomba festival, I was intrigued to see every second person walking around with a curious looking hot snack. Not only did this choice seem incongruous with the temperature, but people were queuing for over 10 minutes in the mid-day heat to get one. What was … Continue reading
Research finds the biggest barrier to successful innovation may be our basic human instincts
Almost every survey of the business factors that executives see as critical for growth lists innovation as a priority. Yet many companies struggle with innovation as exemplified by the consistently high rate of new product failure. Interestingly then, a new study has found that our basic instincts may be ‘programming’ managers to reject the level … Continue reading
Don’t just create a brand positioning, create a brand story
The advent of digital media and changes in consumer expectations mean that brands now have to think in terms of the story they want to tell rather than just positioning themselves. This post examines the shift from positioning to story, provides an overview of brand storytelling, and exemplifies this through looking at how the Scotch … Continue reading
More reasons why Commbank’s “Can” may take it to brand leadership
The 2012 post Can the Commonwealth Bank’s “Can” beat the other big four banks reviewed the authenticity of the brand promises of the major banks. This made the case that Commbank’s superior technical systems could allow it to credibly build its “Can” positioning to stake out brand leadership amongst the big four. As outlined in … Continue reading
Commbank’s “Can” brand authenticity helps make it #1 in customer satisfaction?
According to Roy Morgan’s February 2013 Consumer Banking in Australia Customer Satisfaction Report, the Commonwealth Bank – for the first time since April 2000 – attained the highest customer satisfaction rating of the big four banks. This achievement adds further support to the case made previously on this blog that the authenticity of its “Can” … Continue reading
Do brand promises really influence customer satisfaction? The case of the big four banks
The post Why brand authenticity is critical for customer satisfaction outlined the perspective that customer satisfaction is a product of brand authenticity. That is, if what a brand has and does clearly supports and lives up to its brand promise then its customers are more likely to be satisfied. This post explores the validity of … Continue reading
Why brand authenticity is critical for customer satisfaction
If customer satisfaction is about meeting or exceeding expectations, then why do so many companies measure satisfaction without considering what they are actually promising their customers? This post draws on recent observations by Simon Wood, Head of Stakeholder Management Research for TNS UK, to explore the relationship between brand authenticity and customer satisfaction. There are … Continue reading
Can the Commonwealth Bank’s “Can” beat the other big four banks?
Despite its questionable launch strategy the Commonwealth Bank’s new “Can” brand positioning may have the ability to stake out a real point of difference that will leave its competitors behind. Australia’s ‘big four’ banks have traditionally been perceived by consumers as a largely undifferentiated group of institutions. A group that has also be seen as … Continue reading
Why and How to use icons in destination advertising
Most destination advertising campaigns face the dilemma of whether to include a destination’s most famous features or – in tourism marketing parlance – its ‘icons’. After all, icons are seen as major drawcards for potential visitors. From the Eiffel Tower, the Grand Canyon, the Parthenon, the Statue of Liberty, the Great Wall, and Waikiki to … Continue reading