Storytelling Workshop with Justine, Oren, and JD

In our last session before the presentations of our final brand audit project, we got support from some experts in storytelling: Justine and Oren Jacob (CTO/Pixar), and JD Schramm (Senior Lecturer of Management at the GSB). The class was divided in different rooms with 2-3 project teams per advisor. Each team held a short presentation of what they wanted to show next Monday, and our experts commented on it, asked clarifying and supportive questions, and gave advice and tips. It got immediately clear that for a presentation that is beyond of reading out loud powerpoint slides, even 5 min can be a lot. Especially resonating with me:

• Show the expected in an unexpected way!
• Show strength as a presenter and don’t apologize for “what you really wanted to show…”
• The hardest moments are the transitions from one presentation style to another (e.g. from showing a movie to integrating the auditorium)

All in all, still a lot of work left for the next two days until the dealine of the project, but we left the workshop with a lot of new ideas what we can do better.

On Happiness

I wanted to share two websites that seem to post interesting pieces on the topic of happiness with fair regularity. First is TED, the conference that brings together the best of “ideas worth spreading”. Just search on the term “happiness” at ted.com and you can get links to some of the world’s best minds sharing their research and thoughts on this topic. Here’s one talk on how we “synthesize” happiness:

http://www.ted.com/talks/dan_gilbert_asks_why_are_we_happy.html

Second, the New York Times is running a blog happydays.blogs.nytimes.com, a blog about “The Pursuit of What Matters in Troubled Times”. It brings together musings and reflections on this topic by world renowed writers and scientists. Be warned that most of these folks are way beyond the 26 – 30 year age range. And from yesterday’s class, you now know what kind of happiness they will talk about .

not happy with MU but not divorced

The day before 10 year anniversary of Jennifer’s wedding we had a discussion about happiness – that was my stickiest takeaway by the way. That is very important that person who teach you positive sides of doing business (there not many of them if you speak about real business) feels like the happiest human on the earth. Otherwise she/he would not be persuasive J

Everybody understands happiness but not many can predict happy moments of customer for branding purposes. I think the concept of the lifting of this problem one level higher and instead of trying to run behind the customer’s mood it is much more sustainable and visionary to brand around your customer’s process to help customer to catch up with little happy moments everyday is just brilliant. So another takeaway by systematic and be chaotic in the same time to be sure that your brand associates with a happy life unless you are “Prince of Darkness”.

Last takeaway was about divorce. I was unhappy with Manchester United performance in the Champions League final today, but I was happy to learn that one of my favorite brands “Manchester United” talked to me and I talked to him. According to professor’s hint I and MU are not going to divorce nearest future.

http://www.dailymail.co.uk/news/worldnews/article-1187275/Red-Bull-Cola-banned-Germany–traces-cocaine-it.html

Red Bull Cola could be banned in Germany – after traces of cocaine are found in it.  Germany is considering a nationwide ban on the high-energy drink Red Bull Cola after traces of cocaine were found in it. Authorities in the states of Hesse and North-Rhine Westphalia have ordered retailers to stop selling the beverage – which is available in the UK. The consumer ministries in the two states confirmed they had ordered retailers to pull the drink off their shelves after a food safety institute in North-Rhine Westphalia found the drug in samples. Red Bull Cola Coke problem: An investigation in Germany has found traces of de-cocainized extract of coco leaf in Red Bull Cola ‘The institute examined Red Bull Cola in an elaborate chemical process and found traces of cocaine,’ said Bernhard Kuehnle, head of the food safety department at the federal ministry for consumer protection. Authorities said the cocaine levels do not pose a health threat but are not permitted in foodstuffs. The investigation found the drink to contain a de-cocainized extract of coca leaf in the drink. More… * How one woman lost 7 stone on the Red Bull only diet – but also suffered a heart attack That means the drink cannot be classified as a foodstuff but as a narcotic and needs a special licence, authorities said. Giant German retail group Rewe had already issued orders to remove the fizzy drink from its shops. Wilhelm Deitermann, spokesman for the North-Rhine Westphalia consumer ministry said he expected most – if not all – other German states to follow suit and ban the drink. Red Bull Cola has protested the action. ‘De-cocainized extract of coca leaf is used worldwide in foods as a natural flavouring,’ said a spokesman. The company added that Red Bull Cola as well as other food that contains coca leaf extract is considered safe in the EU as well as in the US. The more popular Red Bull, dubbed the ‘clubbers’ drink,’ is often mixed with vodka. It contains caffeine, vitamins, and sugar which, the company claims, kick-starts the body’s metabolism and keeps people alert.

How Singapore Airlines converts the biggest critics into its strongest brand advocates

While this blog post doesn’t specifically reference the algorithm mentioned in class today, it is still a strong example of how Singapore Airlines uses customer service to maintain brand credibility…
 

Posted on May 6, 2009, 8:52 pm, by Shashank Nigam 9 comments

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You can win an autographed copy of a book on Singapore Airlines or a 4GB iPod by Tweeting any quote from this article or writing a comment here. Find out more here.

Remember the story about food on Virgin Atlantic?

Earlier this year, I had published an article on how Virgin Atlantic had dealt with a passenger whose grievances about bad food had made it to The Telegraph, as the “world’s best complaint letter”. Sir Richard Branson had personally called him up and requested him to help choose the menu for future flights. Virgin Atlantic had successfully turned a critic into a fan.

Generally, this is an exception in the airline industry, as complaints often fall on deaf ears. But as I discovered, at Singapore Airlines, it is a practice to take special care of a disgruntled passenger, ensuring that he is a convert by the end of the brand engagement. The first time I heard this, I was wondering how this was possible. That’s when I was enlightened by an experienced SIA crew member.

The downside of an unhappy passenger

On every flight there are bound to be passengers who feel that they have been shortchanged, mishandled or even mistreated in some way or the other – often resulting in anger or frustration. But instead of trying to understand the situation and try to appease the passenger, most airlines tend to ignore such passengers, to not cause further trouble. But in such bad economic times can airlines still afford to maintain the same attitude when dealing with unhappy passengers? Probably not. And here’s why.

• With social media, an unhappy passenger can spread the word far and wide. Did you read almost a hundred comments on the United Airlines saga?
• An unhappy passenger not only doesn’t fly the same airline again, he also takes away other potential business
• We all know it’s much harder to get a new customer, than to please the current customer and get him to fly again

Therefore it makes perfect sense to treat an unhappy passenger like a VIP and this becomes even more so relevant in an enclosed and constrained environment like an aircraft.

How Singapore Airlines cultivates VIPs?

Singapore Airlines has a very systematic approach to service recovery whenever a problem is encountered within the flight. And here’s how they turn unhappy passengers into their biggest fans:

1. If the problem is directly or indirectly caused by the airline, the airline acknowledges the problem and assumes full responsibility. EG, if the in-flight entertainment system doesn’t work on a flight, the customer if offered a seat-change and if he doesn’t take that up, he’s given a $50 voucher. Who wouldn’t be pleased with that?
2. Other than generous compensation, having an ever-smiling and courteous cabin crew helps calm nerves in a tense situation as well. SIA Girls seldom lose their cool.
3. If for some reason the crew isn’t able to resolve the situation, he or she doesn’t hesitate to ask for help from the in-flight supervisor.
4. And even the in-flight supervisor is not reluctant to apologize. He knows that if he can make this customer happy, he will be back.

Here are the simple rules SIA crew follows in making a decision in situations like these: If it’s simple, give it to the customer. If the thing that was miscommunicated is easy to do or follow through with, just do it. If it’s complicated, try to compromise.

And it’s these simple practices that make Singapore Airlines the only airline in the Forbes Top 50 brands in the world.

What do you think? How has SIA managed do it consistently while others are struggling with this? Let’s discuss…

Special thanks to veteran airline crew, Z. Ahmad, for his inputs for this article.

There are still 4 more autographed copies of the book to be given away, and a 4GB Apple iPod. You too can be a winner, just by re-tweeting a comment from SimpliFlying or leaving a comment on this site. Learn more here.

Class Notes: Happiness

Happiness is not an endpoint. It waxes and wanes over time. And shifts based on age, gender, ethnicity, roles, and your time in life.  

We start simple, but soon fill up with angst and feelings of confinement, until we leave those behind to go conquer the world, before gradually trading ambition for balance, developing an appreciation for our bodies and our children, and evolving a sense of connectedness, for which we feel grateful, then happy, calm, and finally blessed.

Two problems:

1. If people (implicitly) perceive happiness as an endpoint, they believe they should be able to chase it. Untenable, frustrating goal.
2. People often do not remember exactly what brings them happiness. People often remember Disneyland as one of their happiest memories. But online experience ratings caste doubts on this. Finding parking is difficult, lines are long, and the park is often full of children who are crying. So why is it that you go home, wake up and can’t wait to return to Disneyland? Perhaps, at least in part because of the photos taken of you grinning ear to ear after exiting the ride (Sutton, 1992). 

Four pillars of happiness:

1. Autonomy
2. Competence
3. Relatedness
4. Self-esteem or set point

Barriers to happiness (Note: Be sure to weed these out if they seep into your organization)

• Confusion
• Loneliness
• Lack of control
• Struggle for survival

You need to either create the environment for happiness or you have to intervene in the barriers…which means that where there is misery and annoyance, there is opportunity to make $$ making people happy. Car rental companies (zipcar), airlines (southwest), and telcons (skype) have done exactly this.

• Name an experience that made you miserable. Could your brand that does the opposite? Advice: mute annoyance and play up happiness (80/20 rule)

Expectations are malleable.

• You can lower your expectations to be more realistic. The lower the expectations, the higher the happiness.

Create a reward system.

• The power of a small reward. Little things make a big impact.

You can gain the most important insights into an organization by finding answers to the following two questions:

1. What are the stories they are telling?
2. What are the experiences they are celebrating?

Social Intrapreneurship : The way forward!

Robert Chatwani spoke about Social Intrapreneurship and the importance of a sustainable business model behind a carving a social good initiative. Ebay World of Good is a true example where the social initiative builds off of the core brand promise of Ebay, while energizing the parent brand with its social good promise. Another example which comes to mind almost immediately as I think of a fit between corporate strategy and delivering social promise is that of Unilever in India. It is true “Bottom of Pyramid” strategy exploited immaculately to deliver value to the consumers, the community, the business and the brand.
It’s a unique model adopted by Unilever in India called “PROJECT SHAKTI”, where they have incorporated social good into their distribution model.
To give you the context , rural population comprises a majority of the Indian consumer market , which is still under penetrated due to lack of infrastructure and limited distribution to reach remote villages across the vast length and breadth of the country . This innovative distribution model has allowed Unilever to reach a brimming under-tapped rural market much ahead of competition , while fostering economic freedom for tens of thousands of women in rural India. Unilever employs women in their own homes as stockists and sellers for many of their products, who then supply these products to others at their village and neighboring communities at a margin to earn a livelihood .
Unilever is providing many rural women – with no means of earning a livelihood or no confidence or economic freedom, a way to stand on their own foot, while using them as a channel to push their products to thousands of far flung villages all across India. It’s an idea that has scaled and is raking profits to the brand, while generating a lot of social benefits and a wave of economic independence to tens of thousands of women.
Here is a visual representation of the Project Shakti model

 

It is clear that as organizations and markets mature , cultivating social intrapreneurship will yield innovative business models , educate and learn from consumers to remain ahead of the curve and recruit and retain talent motivated by a larger goal and purpose.

Storytelling Inspiration

As we prepare our final presentations, I thought I would share an interesting resource for inspiration.  The Center for Digital Storytelling is a Berkeley-based  non-profit that assists people in telling meaningful stories.  A couple interesting stories can be found at the link below, and the site is full of tips and resources that can help novice storytellers like us craft our own personal stories…

http://www.storycenter.org/stories/

Vote on Gigaom: Will $80M Ad campaign give Microsoft brand a boost?

Vote here (scroll down).

- Shal

Hammer Time

You Can’t Touch This

“You talk about the Hammer when you’re talking ‘bout a show 
That’s hyped and tight 
Singers are sweatin’ so pass them a wipe 
Or a tape to learn 
What it’s gonna take in the 90’s to burn 
The charts legit 
Either work hard or you might as well quit“

I was impressed with Hammer’s Talk. I didn’t realize how calculated he was in his marketing initiatives. Few insights that really stuck with me (and are illustrated in the You Can’t Touch This lyrics above):

• It’s all about creating buzz. Initially, word of mouth was his greatest form of marketing.  MC Hammer created momentum by forcing the clubs to play his songs and showing everyone how to dance to his music;
• “Put on the Hammer” He mentioned his name in every song;
• Establish the brand and then sow the seeds.  T.I. started by saying he is the king of the south, and now he is known as the king of the south.
• The earlier the better.  MC Hammer started talking about his product and brand before it was established, allowing him to get all the negative publicity out before it is detrimental.

Twitter is just the beginning for Hammer. Here’s a link to his blog page with links to his twitter, favorite videos, hammertime radio, and much more. http://mchammer.blogspot.com/

After Thoughts:  Iwould like to learn exactly how social media (especially Twitter) has helped him with his career.  Also, did he discuss his bankruptcy at all, and how bankruptcy impacted his personal brand?

Reference Video Links

I’ve been poking around online for some videos that might be useful references for the class as we make our final videos/presentations. Below are a few I came up with:

Axe commercial (great storytelling about a brand, simple concept well-executed; racy):
http://www.youtube.com/watch?v=ensckApupW0

Super Bowl ad with a good twist:
http://www.youtube.com/watch?v=bpVP70U9LDg

 

AUTHENTICITY!!

I was fascinated by Dana Cho’s discussion of American consumers’ search for authentic experiences, and companies’ quest to provide them. At a gut level, I get what she’s talking about just based on my personal experience as an American consumer; I mean I think I look for “authentic” experiences. But I’m not sure I can articulate what that means.

When I google “authenticity,” these are the first three things that come up:

1: Wikipedia (no surprise): “Authenticity refers to the truthfulness of origins, attributions, commitments, sincerity, devotion, and intentions.”

2: Miriam Webster (I selected the more relevant definitions): “authenticity: worthy of acceptance or belief as conforming to or based on fact, conforming to an original so as to reproduce essential features, made or done the same way as an original; not false or imitation; true to one’s own personality, spirit, or character.

3: authenticy.net: this is the website of an ADVERTISING AGENCY. (I am not making this up.)

I mean, maybe someone created #3 as a like really meta comment on society. But it seems to be real. In fact, items #4 and #5 on the google search also relate to advertising. Which is pretty amazing, if you think about it. Clearly “authenticity” is suddenly a big deal in the advertising world. In fact, the evening before Dana Cho spoke in class, I went to a fascinating lecture by Alex Wipperfurth, author of Brand Hijacking: Marketing Without Marketing, which was also essentially about authenticity in marketing.

Brand & Community – Thoughts from Dana Cho, IDEO

Dana led a great discussion this morning of how brands connect and shape communities.  Some nuggets to ponder when thinking of your brand:

• A great brand helps consumers connect … an extraordinary brand creates a new, interdependent world that blurs boundaries between consumers, company & citizens.
• Even with the struggling economy, people feel they best connect with their outside world through consumption – what are ways we can fulfill this crave for engagement despite scaled back spending? – this could be venting, sharing, lusting not necessarily purchases
• How do we support authentic connections & communities without falling victim to the latest fad and loosing our authenticity in the eyes of  our consumers?
• Unlike some of our other speakers, Dana believes brands are out of our control and urges managers to think of their comfort levels and how the brand can grow and excite when put in the hands of consumers.  This also means one has to take into consideration how to design for constant change and plan for this “human factor”.

What are the implications of the above in approaching brands?

Put on my record because my beat is booming and you will be rewarded

Class today began with a recap of a talk by one of the most charismatic GSB speakers ever – MC Hammer.  We discussed how social networks can help humanize a brand, but also how they can make you seem inauthentic (Meg Whittman had someone else tweet for her).

——

After our discussion of Hammer, Dana Cho from Ideo gave a presentation about Brand Experience.  She gave 3 key insights and impacts:

Insight 1: Consumers are craving engagement

Rem Koolhaas said “shopping is arguably the last remaining public activity”.  The idea is that as we become more and more interconnected through technology, we are losing the personal touch that consumers crave.  However, as the economy worsens and money becomes tighter engagement is becoming more difficult.  So

Impact 1: Enable them to engage

Dana gave two examples, one controlled by the company (Nike sponsored marathons where users can interact) and one controlled by the consumers (Ikeafans.com)

She also mentioned a viral video made by a Trader Joe’s consumer and the value of consumers generating brand.  Video can be seen here:

http://www.youtube.com/watch?v=OdB7GDZY3Pk

Insight 2: Fabricated authenticity is everywhere

Ethics, Authenticity, and Media

A visit by Dana Cho from IDEO and a rumination on what brand can be and a torrent of my own reflections.

Vision for a brand: Extraordinary brands create a new interdependent world that blurs the line between consumer, brand, and community.

Current dislocations: Social media is changing the way we communicate and the role of the consumer. The recession is leading to a shift to non-conspicuous consumption and reduced trust in all brands.

Insights:

1. Design for engagement- Build a collaborative brand where consumers feel a part of the process
2. Become authentic- Determine your values and then engage your company’s employees to accomplish this. Select out the most authentic employees, and then help them to buy into this vision
3. Encourage the emergent- Allow the user’s power and control

Reflections from a recovering BiB Student:

• Lifecycle of marketing technologies. The give and take in the early stages when companies are all piling into a new form of media (often comically so, as Dana’s Tide Detergent example shows). And then the realization afterwards, of ways to use it effectively (or a decision not to use it at all).
• Ethical implications of marketing. “Shopping is arguably the last remaining public activity.” – Rem Koolhaas. To what degree has marketing led to a conspicuous consumption culture in America, where shopping is therapy and where there are so many benefits to fabricating authenticity? Can we somehow use marketing to create a more balanced level of consumerism?
• Crafting Authenticity. Everything wants to be authentic, and yet fabricated authenticity proliferates. For what customers and what types of brands is authenticity important? What ways can we promote authenticity in products and marketing, beyond company culture? And is authenticity overblown?
• Control. We all want it and crave it. And yet, as a brand how comfortable do we feel giving up control, and given that we may not like the results? Or is control in this new age of social media an anachronism?

Is a b-school really useful?

Being in the 8am section, I have listened to Hammer for only 15 minutes. His way of managing his own brand reminded me of a French fashion designer: Christian Audigier (http://www.christianaudigier.com/).

For those who don’t know Christian Audigier is at the origin of the rise and success of Von Dutch. He is a self-made man that brands himself the same way Hammer did. He tries to be everywhere. He gives his t-shirts and hats to stars like Madonna or Britney Spears and then paid his own paparazzi to shoot them and sell the pictures to People magazine and every other tabloid. He organizes big parties and pays stars to attend and create the buzz.

We are very close here to Hammer’s strategy with DJs, radios, his own dancers and his name everywhere in the song. Audigier and Hammer dub themselves as kings of fashion or hip hop respectively.

What is the conclusion? They make a hell of money!

I told my story on Sunday…

And it was tough and rewarding. I learned about myself, about the generosity of others, about establishing a connection. I wanted to share with you my main insights:

• Find a great intro story: You don’t need to have an exotic, out-of-the-world story, but you need an initial story that has most of the components that will be further developed. And make sure you show your feelings (anger, sadness, disappointment). Stop the story when you have said enough to keep people interested and don’t answer all the questions at the beginning, leave them asking for more
• Make sure your story flows: This was the most difficult part for me. And I iterated on the flow/structure probably 5 times. It’s just very hard, but the flow should be focused on answering the questions that are raising in people’s minds. Once you have finished one story, questions arise, so make sure you answer this questions in the next story. And people want a clear flow, not necessarily linear but clear
• Try to involve your audience: Provide details they can relate to. For example, I used some situations in which I could call out the names of some of the classmates I knew would be there. It just makes the audience feel closer to you
• Show how this story is important to you: I told them at the beginning the reasons why I was giving this talk, which was mostly that I wanted to share about myself before leaving business school, showing them that I was much more than just a smile. I framed my story as “the story behind the smile” what creates this smile and the tears that sometimes are behind it

Hammer Speaks

A couple highlights from Hammer’s visit to class this past Monday

“Why do people use Twitter for trivial information? ‘Who cares what you are eating for breakfast’?” - Hammer responded, saying that Twitter is a way for him to humanize his brain at times.

Hammer’s thoughts on negative YouTube comments - It is important to remember that the people that leave comments usually arent your fans. This is why the majority of them are negative and also why YouTube views dont necessarily translate into album sales.

How’d you get connected into Silicon Valley and prominent investors such as Ron Conway? - Early on Hammer was interested in finding ways to get his videos up on the Internet – which brought him to Silicon Graphics in the Valley.  However, at the time (early to mid 90’s) Hammer was about 8 years too early in making this goal a reality.  He encountered many issues regarding broadband capabilities at the time, but he kept with it and spent time at YouTube in the early days.  During this time, he became an expert on the internet and remained on top of the trends in silicon valley.

Hammertime at Business Schools

After speaking at GSB and HBS, perhaps Hammer is working on creating a personal brand not as a revived musician/dancer/entertainer, but as a savvy entrepreneur/branding expert!  Having removed the distance between him and the public and having opened his life for public consumption, can any tabloid/shock jock/paparazzo touch him?

http://www.thecrimson.com/article.aspx?ref=526630

http://abcnews.go.com/Video/playerIndex?id=6928447

What (brand) time is it?

Here’s an interesting branding exercise from Dear Jane Sample (shared with me by a friend via my Facebook feed). What does your brand timeline portrait look like?  Or maybe a more insightful question, what does your customer’s brand timeline portrait look like? I felt this could be an interesting exercise combining insights from Hammer’s talk on personal brand and Oren + Justine’s visit on storytelling.  This portrait is really the story of an individual in a single day…and things seem to get kinda interesting around 10pm .

- Shal

Personal connection. When and when not?

I want to be more explicit about my comment of yesterday class.
Hammer talked about the humanization the brand in his case. There are a lot of people that don’t want to do this because they create a distance between the consumer/public and the star/brand. Obviously if you are closer or far you have pros and cons. He talked about the business of being far and the opportunity he created being closer.
When I translated this to our personal situation, I had the doubt of when to increase the connection and when try to decrease it. How important it is to know this in different situations of the professional or personal life. I really think it must be very dynamic in order to take advantage of the situation.

The Thinking Man’s Rapper

Spring Quarter of my second year, and Stanford GSB outdoes itself again. M.C. Hammer guest-lecturing in the Building Innovative Brands class – how do you outdo that?

Hammer was extremely approachable and gracious, taking photographs with everyone and joking around as the earlier class trickled out v-e-r-y  s-l-o-w-l-y, until Prof. Aaker had to call a group photo and get us in our seats.

Hammer just impressed me so much with how on top of things he is, and how strategically and thoughtfully he approached every aspect of marketing – starting with his early days launching his first album in 1987, selling records out of his trunk. I was eight years old at the time (!) Hammer may well have come through GSB Executive Education, he seemed to hit on every major point Prof. Aaker has been taking us through all quarter – this guy is just a natural Social Media marketing machine. 2 Legit 2 Quit.

Takeaways and priceless quotes:

Every thing you do can be used to craft your brand, to “create and control…perception.” E.g. his first song, “Let’s Get it Started,” answered in the first verse who he was and why he was there – “put on the Hammer” and he would help you p-a-r-t-y. His first video was as much a “commercial”  for the Hammer brand as anything else. He looked outside the industry to find a hot new director who would understand Hammer’s desire to capture the energy of his moves.

Get ahead of the curve. Hammer got curious about the Internet early (‘94-’95) and went looking for whoever would help him realize the vision he saw for it. Silicon Graphics, Apple, YouTube (when it was two computers above a pizza place), what have you.

Web 2.0 gives you an important tool - the ability to humanize yourself, reach your audience without intervening layers, and immediately and directly counter less direct forms of negative media.

The way to push your brand is to put it in the hands of very creative people. Create a groundswell, word of mouth.

“Every superhero must have one” - Hammer on Will.I.Am’s song for President Obama

“I have 20/20 vision – I didn’t need glasses – I wore them foryou to see me better” - Hammer on why he wore glasses when performing

“Never apologize for your success. Just tell the other guy he’s gotta work harder”

Class Notes: 5/18 -> Falcons & Hammer

• Tool #2: Off/On Brand Exercise (NFL)
  • Off/on brand exercise in which various visuals / examples are brought up and the target audience decides whether what is presented is well aligned with the brand (“on brand”), is completely unrelated to the brand or even takes away from the brand message (“off brand”), or is neither related and nor unrelated to the brand (“in the grey area”).
  • Making ‘on-brand’ decision is not always black and white… sometimes it’s grey. There is not always a 100% correct answer. Requires consideration and debate. Discussion about examples in the grey area typically yields the most insight.

Hammer’s Pearls of Wisdom

1. I was really impressed by what he had to say. Here are a few sticky insights that I left with..
2. As brand managers we must create perception, control perception and manage perception.
3. Hammer was able to do this by creating his own pandemonium when his songs were playing in the club.
4. Hammer always make sure to listen to “haters” so that he can be more resilient and  preempt set backs.
5. Think of Hammers term “Momentum Marketing.”

Thanks from Hammer

Thought I would post Hammer’s tweet following his visit…

“Stanford Business School was great …thank you for the exchange.. Fervent minds …fertile ground .. Good harvest (ROI)…”

Can’t Touch This…

…unless it’s an HP touchscreen, that is!  I’m a little nervous about blogging about social technology given that I’m a definite non-expert and in the minority as a non-Power of Social Technology student, but I am just going to put it out there, if you don’t like it, just send it right back(TM Ron Burgundy, SPEAKING of strong brands…).  I thought the anecdote about Ellen and Hammer’s twitter/video exchanges and the disintermediation of the 4 layers of management and handlers was great.  (PS – I am totally taking POST next year).

1. I thought Hammer’s role as a visionary early adopter of Twitter, and his impact on the adoption behavior of the “early majority” or “herd” (Read: Ellen and Diddy) was a great illustration of the phenomena we discussed with Geoff Moore.

Too sticky?

After Hammer Time today, I couldn’t help but wonder if things could be too sticky (figuratively anyway).  I have a feeling today’s session will be what I remember most about the class in 1 month, 1 year, and and 10 years, but am unclear whether it will help other class material become more sticky as well or whether it will blur and obscure the other information.  My inclination is that it will be a helpful association, but I could see it being detrimental as well.

This Thursday at Stanford! Alex Wipperfürth on brand and marketing.

Alex Wipperfürth will be giving a talk this Thursday, May 21st, at 8:00pm in Braun Hall (Building 320) room 105. This should be a fun talk. He’ll be speaking about how recent shifts in consumer culture have changed how and why people decide to buy products. The talk is part of the Liu Lecture Series in Design at Stanford University.

Energizing a Brand

You can do everything right with innovating and differentiating your brand but will still fail in the long run if the key ingridient of energy is deficient.  According to David Aaker in the long run what sustains a brand is the energy that surrounds it.  Even if the energy is low in the brand itself it can draw energy by association with high energy venture.  the Example of Avon and

AM With the Aakers Session

Distilled Takeaways
1. Useful to have a hook (i.e., “geek chic”), although sometimes hooks wear off and then it is time to reflect. This applies to branding but may also be helpful if you are writing rap lyrics
2. For startups, blogs / alternative media can often drive business more than traditional media

Methodology to determine the world’s top brands

Came across the following articles on branding so thought to share them here.

Top 100 Brands (2008) and the methodology of how the value of these brands are determined:

http://images.businessweek.com/ss/08/09/0918_best_brands/index.htm

http://www.businessweek.com/magazine/content/08_39/b4101056103890.htm?

http://www.interbrand.com/best_global_brands.aspx

Picture This; Framing by Association

I was very struck by the idea of framing as a requisite mechanism for mediating brand identity. To paraphrase David Aaker “Framing is huge–it’s all about framing”. As a frame establishes the lens thru which a brand is viewed it also draws up the script for future transactions–including transgressions. One of the methods for codifying a frame is leveraging

Viktor Frankel on “Success”

In class, Sep read a passage from Viktor Frankel’s Man’s Search for Meaning:

“Don’t aim at success – the more you aim at it and make it a target, the more you are going to miss it. For success, like happiness, cannot be pursued; it must ensue, and it only does so as the unintended side effect of one’s personal dedication to a cause greater than oneself or as the by-product of one’s surrender to a person other than oneself.”

Touchpoints of Brand

I recently read Wally Olins’ Brand Handbook. Admittedly, I don’t remember much about the book, but one concept stuck and stuck hard. Olins talks about the ingredients that make up a brand, saying that the touchpoints include the company’s actual PRODUCT, the BEHAVIOR of the salespeople and other public-facing personalities, the ENVIRONMENT where you might encounter or experience the product, and the COMMUNICATION that you receive about the company in mailings, advertising, and other forms of media. Are there any other touchpoints of brand?

“Business is the VEHICLE to bring value”

The two inspirations I took away from Sep’s discussion were: (1) start with a mission and (2) just do it.

Start with a mission, build a deep connection. Distilled didn’t start with a mission, a story.  While “geek chic” found an initial following, it wasn’t authentic.  The company didn’t tell its own story, rather the story was told for them.  As a result, the company began to question its direction and strategy.  Not only does the

Titles

On May 4, Justine Jacob led off our discussion on storytelling by discussing the power of a one-word title.  She gave an example of a simple story,” Large Person. Pain. Happiness.”  After telling this story, she demonstrated how the story can be framed in a variety of ways through the use of a title.  “Cancer,” for instance, frames the story very differently than “Birth.”

What Makes Us Happy?

Since happiness is a subject that we frequently touch upon in this class, I thought I would post a link to an interesting and related article… http://www.theatlantic.com/doc/200906/happiness/

Takeaways from World of Good Venture

World of Good is a fascinating case because it demonstrates the impact one can have while working within a larger organization. Whether you want to affect change on your own or within a larger entity, here are some things to remember…

Class Notes 5/11 ->

Recalled Insights: Inside a Start-up

• For startups, blogs can often drive business to websites more than traditional magazines
• Useful to have a hook (i.e. “geek chic”; Distilled Clothing)
• How to rethink the value proposition.  Pose the question: What is the value you can bring to others?

Storytelling 5/4

Recalled Insights: Storytelling Class

• Make a story a conversation with your audience.
• Know when to stop.
• The belief that the audience loves you changes the nature of a conversation.

The Social Good in All of Us

I understand the need to take care of oneself, one’s family and perhaps one’s friends before venturing into the luxury of helping others. And the point at which a person feels confident and comfortable enough to help others varies from person to person. But that point can be reached sooner in one’s life if the two desires are combined.

In Friday’s class we saw a perfect example of combining the two. The exceptional take-home lesson was not that it is possible to do both simultaneously within a single project but that actually doing so can be more beneficial to one’s career than not doing so.

eBay World Of Good with the Honorable Robert Chatwani

Stop Drop and Roll? That was so 2008…

* Successful B.o.P (Base of the Pyramid) approaches require self- sustaining models

* Don’t just:
Stop into “insert exotic locale here”
Drop boatloads of “insert well-intentioned donation here” ($, computers, health equipment)
Roll back home and wait for the magic

World of good @eBay

The topic of class today revolved around alignment between branding and social good platform. It is important to design and measure the metrics that would help build a business case for the impact social good initiatives have on the bottomline. The exampe of how Whirlpool’s campaign on “free refrigerator’s for habitat for humanity houses” increased their sales in that period and enhanced customer loyalty was an interesting approach to prove the point.

Robert Chatwani from eBay, discussed how his team is pioneering the idea of “socially good shopping”. I liked how he used analogical approach and said “Whole foods of online shopping”. It set the tone for his presentation. Just like the water on his shirt disappeared, I was getting more excited about the idea. He also mentioned about the core mission of eBay in two very meaningful words – “economic democracy”.

There were a number of interesting comments and questions which were raised by the class:

1. Who determines good versus bad about the products sold: This could be a subject of a long debate but someone has to start somewhere. Currently, Worldofgood.com is using associations for seller verification and product verification. The key thing to note is that the sellers are typically based out of US but they source goods from let’s say Africa/ India. Therefore, very less data is available about the sellers or the products.
2. Scale issues: How would you scale such a business requiring so much audit about the sellers and the products ? The question was valid especially because it is an entrapreneurship case within eBay. Abscence of scale will kill the initiative inside the multi-billion dollar eBay. Maintaing credibility of the marketplace would be one of the key metrics to watch while achieving scale.

Apart from some insights about the experiements at eBay, Robert mentioned how worldofgood has a very tight community. About 11% of the customers buy 50% of the slaes. Most of them were the initial on invitation seed customers.

“Shifting the dialogye from functional discussion to a social impact discussion” would be the key to how worldofgood emeges and eventually drives the entire online marketplace

Social good have to be good.

Can profit maximization and social good be produced with one company? The answer is yes, it can be achieved. But isn’t it easier to make strong PR that company do so and act totally opposite way in reality? Unfortunately the answer is yes as well.
Today’s guest speaker helped me to realize that 1.4 billion people of Earth live with $ 1.25 daily income. I have learned about this number sometime ago but I have never thought that corporations manipulate our minds with their claims to make those poor people’s lives better. Watching the world with realistic lenses we should admit that most of corporate social responsibility stories are just fairy tales for naive people. And I was thinking today: should we leave it like that? Why don’t we create anti-rating of multinational corporations who produce most useless social goods ? With modern social technologies breakthrough it would be not so difficult to investigate real supply chains. I believe the stronger stigma for corporation to produce fake social good and gain more profits because of that than not to produce social good at all. We need true stories about social good. We need inspirational stories about sincere social good. A pure material bailout without spiritual support is the destiny of cold-hearted top managers. “Down to earth” people need support with hope, passion, soul, and advice. I am rephrasing one of largest consumer electronic producer’s slogans: “Life. Let’s make corporations better”.

Creating a good story

Oren and Justine Jacob’s session on dissecting a 1 minute story revealed that good stories:

• Have a critical tension/struggle that forces the protagonist to permanently change from the experience. This tension creates an “arc” or crescendo in the story. It pulls the audience into the story as well as creates an emotional reaction to make the story stickier.
• Play off the character of the storyteller either by being congruent or incongruent with their projected personality. The storyteller should be aware of the perceptions and attributes that she projects so that she can realize what stories or words will create intrigue, surprise, and humor.
• Use visual details instead of descriptive language. The details should evoke one of the five senses instead of merely describing the experience (i.e., “go back and forth from fryer to bed…”  versus “worked at McDonalds”)
• Provide enough details so that the audience does not need to make up the intention of the storyteller (i.e., why did he make this decision).
• Should not hand-hold the audience by giving them too much or redundant information and not letting the audience infer the middle steps

Stories are incredibly important in both personal and corporate branding because they are what people remember and pass on. It’s the seemingly small stories that build upon each other and reinforce a reputation, characteristic, and value of an entity. More than advertising or PR campaigns, stories (such as the one about Nordstrom’s tire refund) is what sticks in people’s minds and perpetuates brand. As much as positive stories can help support a brand, negative stories can just as easily detract from it, especially if they undermine a core brand promise or value.

Can Kelly Ripa sell me a wine refrigerator?

In search for a new wine refrigerator this weekend I found myself in the middle of a personal brand / marketing experiment. Kelly Ripa is the Electrolux lady. You’ve probably seen the commercials playing up her busy, busy life: actress, talk show host, dutiful mother of 3 and celebrity husband.  The ads align her brand attributes to those of the Electrolux system which are high-tech, state of the art, and most importantly make it easy for you to be a (crazy) high powered multi-tasker.

That’s one way to spin it … SNL took on the same personal brand attributes with a different spin here:

I wouldn’t  have thought Ripa’s association with the Electrolux brand would be really influential to me – and it’s not…well I didn’t think so, but why then did I keep coming back to that brand? I felt duped.  

So I’m left wondering, will Kelly Ripa ultimately sell me a wine refrigerator? Stay tuned ….

- Shal

One small step for man… one giant leap for BIB

Most of the class last Monday was about “leap”. To tell good stories, you should let the audience make the last leap. And the essence of being a filmmaker is to make a leap of faith when he/she has to decide between listening to everybody’s feedback or choosing to follow his/her instincts and guts. Business people can cut you off from your audience.

So, if you follow your instincts, what are the ingredients of a good story?

• Know when to stop and let other people think
• Put your character under extreme pressure and force him/her to make a choice
• Don’t forget the power of one particular word: the title
• Be specifics and “on the nose”. Being real and concrete helps people stay inside the story
• Analyzing keeps you out of story

I will try with humility to give my view on story telling.

First, it is amazing to tell stories because you make people unplug their brains and focus on their hearts. No more worries, no more problems, no more job issues… just pure adventure.

It is 15 years since I tell stories. I wrote books, novels, short stories, articles and plays. I also took pictures and sketched cartoons. Each activity is my leap of faith. Each activity is my way to build bridge with people. I don’t share but tell. This is my only secret. I always try to make people forget about myself. I try to ring some universal bells so that the audience can own the story. This is when the audience put itself into the story that people smile, laugh, or cry. This moment is incredible and unique. This fraction of second when people laugh is worth a million.

I agree with what was said in class. It is far better to say less than too much. Often people try to say a lot because they want to be global. They want to touch the most and think they have to describe and analyze to create a global situation, a situation that will be taken the same way everywhere on earth. This is a mistake. The purpose is to be universal. By universal, I mean to give the minimum clues to invite the audience in your home but to let it choose where it wants to have dinner: in the living room, in the kitchen, in the bedroom, on the patio and even in the toilets. Telling the story about a father and a son is universal. Everybody has a father. Afterwards, each individual has a specific and singular story as a father or with his/her father. This is where as a storyteller you let people go on their own path… But not too much because periodically you give other clues that will guide the audience, partly on your path and partly on its.

Finally, I would say that storytelling is not about sharing but giving. Often when you write and go on stage or make a movie, it is all about your ego. As a storyteller, you need to make the balance between listening to yourself and giving to others. When you find the right balance, the magic goes on.

So, stop reading this post and tell stories!

“Storytelling reveals meaning without committing the error of defining it.” – Hannah Arendt

Suggested Readings – Oren Jacob

We had a great time with BIB class.  There were some really awesome pitches – incredible! 

Here are 3 very easy, short reads for your students, all of which are gems.

http://www.amazon.com/Directing-Film-David-Mamet/dp/0140127224

http://www.amazon.com/Blink-Eye-Revised-2nd/dp/1879505622/ref=sr_1_1?ie=UTF8&s=books&qid=1241633596&sr=1-1

http://www.amazon.com/Making-Movies-Sidney-Lumet/dp/0679756604/ref=pd_bxgy_b_text_b

You can buy all 3 together from amazon for about $35… I found the 3-for deal on the OnDirectingFilm page.  Oren Jacob

short article on ethical marketing

Just posting the link to a short article I found on ethical marketing, particularly related to small companies in cosmetics

http://www.cosmeticsdesign-europe.com/Products-Markets/Businesses-should-go-ethical-despite-downturn-says-guide

“Green” Brands

In advance of our session on socially responsible brands, I thought I’d share some highlights from an interesting survey by Generate Insights on Millenials’ perceptions:

http://www.marketingcharts.com/topics/behavioral-marketing/confused-teens-choose-less-expensive-over-green-8820/

• Words associated with the green movement: responsible, smart, cool, reality
• 63% of 21-29 years old and 65% of 18-21 years old would purchase a more expensive brand that gives 5% back to an environmental cause; HOWEVER, only 29% of 13-17 years old would choose the more expensive brand
• “The top three biggest hurdles this generation faces when embracing the green movement are cost (41%), proof that they’re making a difference (24%), and ease of use ( 12%)”
• “76% of Millennials feel it’s very important or important for brands to get involved in the green movement”
• “Interestingly, the majority of Millennials surveyed found it confusing as to why products that are better for the environment are more expensive. Generate Insight noted that the extra cost – without consistent explanation – discourages the majority of shoppers from embracing and contributing to the green movement.”

The last bullet presents an interesting marketing issue: how does a brandeffectively communicate / justify a price premium?

 

5/1 Measuring Brand Value

5/1 Measuring Brand Value

• Measure both sides of the Brand Pyramid
  • Consumer Questions
  • Ideal Outcomes
  • Don’t break the bank
    • Measuring brand value can be done cost-effectively, with small sample sizes
      • Surveys (n=25+)
      • Focus Groups (n=6)
      • One on one in depth interviews (2-3)
      • Choose Respondents Wisely
        • Best feedback comes from a balance of love/hate respondents
        • Use Quantitative and Qualitative Research
          • Qualitative Tools – Interviews, Focus Groups
            • Ask questions about: Open-ended, “Think back,” Make a list, Creating associations, Sorting pictures, complete a sentence, personification, drawings
• Quantitative Tools – Surveys
  • Ask questions about: Awareness, Recall, Recognition, Associations, Brand Attributes, Brand Personality, Attitudes, Judgments, Feelings, Attachment (relationship)
  • Reputable Brand Valuation Sources:
    • Interbrand, Brand X, Landor
    • 2009 Brand Valuations (Interbrand)

Google – $100B, Microsoft – $76B, Coke – $67B, IBM – $67B, McDonald’s $67B, Apple – $66B, China Mobile – $61B, GE – $60B, Vodafone – $54B

• Interbrand Valuation Method:
  • Assess income due to brand (e.g., $100B)
  • Back out value of tangibles (e.g., 6%)
  • Adjust for last two years (operating income)
  • Subtract income tax (e.g., 40%)
  • Determine multiplier (price/earnings ratio – e.g., 15) *
  • Brand value (e.g., $750B)
    • *Each firm has its own way of determining multiplier
    • Brand is an intangible asset
      • Many companies are shifting accounting practices away from categorizing money spent on brand as an expense (e.g. software engineering)
      • Brand Extensions
        • Many brands transition over time
          • E.g. LEVI’S dockers…Dockers by Levi’s…DOCKERS
• When to extend brand
  • Minimum Rule – “Do no harm”
  • Make sure the extension fits with the parent
  • Test purchase intent and quality perception on extension alone, e.g. Dockers, then on parent + extension, e.g. Levi’s Dockers
  • BMW Case Study
    • BMW Z3
      • BMW getting boring
      • Introduce Z3
      • Loses money, but builds brand (based on survey of big 5 dimensions of brand personality – sincerity, excitement, competence, sophistication, ruggedness)
      • Made exciting through: BMW Films, James Bond
      • Mediation Analysis used to determine effect on sales

lights, camera, action!

We started class thinking about why story telling is so important.  Classmates gave examples of stories from companies where they had worked that resounded with employees and motivated firm culture.  Next up we examined the three key insights of good story-telling that stayed with us throughout the class:

1) Arcs: good stories move beyond just describing a situation.  There is a climax at which point the main character makes a crucial decision under pressure and moves to a point of no return.

2) Start wide & cull before cutting: keep asking what is superfluous to the story

3) To put it simply, know when to shut up!  There is power in not telling everything and letting your audience take steps in their minds to reach conclusions on their own.

When the class shared 6 word personal stories, we noticed some key differences amongst them.  Some had an air of mystery, making you curious to learn more.  Others sparked visceral reactions (often humor) which helped engage the audience.  We noted that the phrasing of the story was important to its overall feel – whether the story was a strand of words with no obvious connection with each other, or if it was one sentence that captured a specific feeling, or if it was multiple mini-phrases.  Beyond this, word choice was crucial (the feeling conveyed by “blizzard” vs. “snowed in”)

The examples that Oren and Justine shared in class really brought to life the concepts they were discussing.  When Oren quoted the preview for the new Star Trek movie, it was obvious how carefully crafted the phrases were, how they were drawing you in to want to learn more.  Also, he used the great example of Darth Vader saying “Luke, I am your father” to show how one moment can change everything the audience has previously experienced with a story (in this case, multiple Star Wars movies) and send them reeling emotionally back through time with reflections and forward with questions.

The takeaways that I found sticky from feedback on 1-minute stories were:

• Specificity always wins over generality — specifics can lead to general conclusions, but speaking in general always stays in the abstract.  That said, including the right specifics is a big challenge.
• Avoid anecdotal phrases that take your audience out of the moment.  Any doubt portrayed by the storyteller about an aspect of the story will be taken on by the audience.  In contrast, look to include turns of phrase that are evocative and relevant, which will stick with the audience
• The ending of a story is crucial: you don’t need to explain everything.  Leave your audience to figure out the conclusion on their own, but also try to leave them wanting more (e.g. open ended sentences)
• Emphasize the main character’s crucial decision
• Show instead of tell.  This concept can be applied in a couple of ways.  First, don’t tell people what your story is going to be about, just show them the story.  Second, the use of metaphors can be powerful (e.g. food as a metaphor for wealth)
• Know who you’re pitching to and make the pitch feel like a conversation

 

“How to Tell Your Story” Session

One overall insight from Prof. Aaker plus one from Justine, respectively, that jive well to frame the topic of branding and storytelling:

•  Marketing is an invitation to find out more
• Learn when to be quiet—don’t talk too much

 

I think we saw these reflected in the feedback on the personal stories we heard today. A good story doesn’t leave you completely full; it leaves you with a bit of hunger remaining, hunger to hear/see more. A good brand story does the same.

Key Reflections on Storytelling from Today’s Class

•  An arc, not a situation. Creating an arc means showing a character on both sides of a cusp of change. A situation might be a snapshot of points on one side or the other of a cusp—but not both—and therefore does not convey character transformation. Strive for the arc.
• Conciseness. Picasso said, “Art is the elimination of the unnecessary.” This holds true for a story.
• Don’t worry too much about chronology, as long as the story makes sense. The filmmaker Godard said, “A story should have a beginning, a middle, and an end… but not necessarily in that order.”
• Twists & Reversals. Good stories often change course suddenly and unexpectedly, though some setup is always necessary to foster the perception of plausibility.

 Implications of storytelling techniques for branding and personal branding:

 The core of a branding story is the value proposition.

 The arc of the brand story might therefore be what you are with the product vs. what you are without the product. For example, if Microsoft’s value proposition is the ability to be more efficient, then the brand story might be centered on the super efficient person you are because you use Office versus the less efficient person you would be without it. The value prop should be concise and clear, like a story.

Value propositions can be functional, emotional, and self-expressive. Similarly, these could also be said to be the three dimensions on which stories engage audiences. I think we saw that in the personal stories people told today. For instance, the story about one student’s childhood experience with his parents tapped into the emotional dimension of storytelling. The story about the suit-wearing man following a young woman into the desert to propose marriage leveraged the self-expressive dimension because it engaged us by getting us to identify with its humorous voice. My own could arguably have been described as more functional.

Similarly, I think we could see how the 6-word stories could also be comprehensively described by these three approaches. Those that were direct descriptions were functional; the feeling-oriented strings of words emotional; and the distinctive or funny voices self-expressive.

In particular, I thought it was interesting that many people used their stories to call attention to part of their identity that seemed like it might not be part of their image. (The inverse pattern of a gap analysis?) Without singling people out (myself included!) it seemed like this might have been a common thread in many stories. 

And finally, a book I recommend that is often utilized by those writing for film and TV:

“The Writer’s Journey: Mythic Structure for Storytellers and Screenwriters.”

Storytime with Oren and Justine Jacobs

About Oren and Justine and their first thoughts on storytelling:

• They have 3 kids, both make movies, Justine is going to go back to being a lawyer for a bit to subsidize her “hobby”
• There is a lot of power in titles (“Cancer” vs. “Birth”)
• There is a lot of power in people’s titles too (Being an Imagineer at Disney tells a story in and of itself; there is  Dean of Pixar Universtiy; would have been cool if Genevieve from Intel really was the Chief Anthropologist)
• Stories need a “twist“, like in 30 Rock
• Think arcs - tell stories, not situations (Casablanca, not Jurassic Park)
• Be laconic
• Editing yourself is absurdly hard.  Good story-telling is absurdly  hard.  So don’t beat yourself up if you don’t get it right the first time around.

Notes that came as a result of Class Pitches:

• You can make your story sticky by playing on your character(David is a cross between the Stapler Guy from Office Space and Kramer – that’s pretty unique!)
• Letting the audience come to an internal emotional conclusion on its own, by telling them the facts rather than telling them how you felt, is much more powerful
• Think hard about how much of it you have to tell versus how much you should let the audience infer and imagine for itself.  Every sentence you utter better be necessary – take a machete to your story, and only leave the diamonds, get rid of the rough.
• BUT, control for the important facts.  Be aware that whatever you do leave out will be open to interpretation, so if there are things you would rather the audience not be ambiguous about, stick them in.  This is especially important when details make something unique and specific, as opposed to a “trope” that evokes cliches, evoking a been-there-done-that boredom in the audience.
• You can relay blunt information through creative means - instead of saying “he got better”, you can say “5 years later, we were back to wrestling again.”

2009 Most Valuable Global Brands

Who ran the study?

Research firm Millward Brown recently published their 4^th consecutive BrandZ report, ranking the top 100 most valuable global brands.  BrandZ claims to be the world’s largest study of consumers and business-to-business users’ brand preferences, ran this study, marking the 4^th consecutive year.

How does Millward Brown calculate brand value?

The three variables that make up Brand Value include Branded “intangible” earnings, Brand contribution, and a Brand Multiple.  Brand value is the product of these three variables:

1. Intangible Earnings: Branded earnings are identified and capital charges are subtracted. This ensures only value above and beyond what investors would require any investment in the brand to earn is captured.
2. Brand Contribution: The degree to which brand plays a role in generating earnings. This is established through analysis of country-, market-, and brand–specific consumer research from the BrandZ database.
3. Brand Multiple: Includes both an analysis of financial projections (earnings multiple) and consumer data (brand specific growth opportunities and barriers).  This multiple is then indexed on a 1 to 10 scale (10 being the highest)

What are the Results?

The report lists the top 100 global brands, ranked by brand value.  The clear leader this year is Google with an estimate brand value of $100 billion dollars, with Microsoft coming in second with a brand value of $76 billion.

Any interesting trends in the data?

• With the economic downturn, people are retreating to their homes to enjoy the small pleasures, often with loved ones.  As a result, gaming companies, the coffee category, and online shopping all experienced significant growth year-over-year.
• Additionally, frugality is replacing conspicuous consumption across most categories. For example, people are drinking less bottled water, and are opting for tap water.
• Finally, technology companies occupied 7 of the top 10 most valuable brands, with the mobile operators experiencing the highest growth of all the categories. 

Click here to access the full report

Desiree Rogers’ Brand Obama

The article “Desirée Rogers’ Brand Obama” (http://magazine.wsj.com/features/the-big-interview/desiree-rogers/), published in the WSJ Magazine, offers a great illustration of using story to develop personal brand. Intertwined is the branding of the Obamas with the branding of Desiree Rogers, White House Social Secretary.

Branding the Obamas…

• Consistent messaging: The White House as “the people’s house.”
• Vivid storytelling: An environment where average Americans might stop by and catch the first lady serving homemade huckleberry cobbler and caramel ice cream to students, tending to the vegetable garden on the South Lawn, or watching the romantic comedy “He’s Just Not That Into You” with her girlfriends.
• Imagery: Photos of Mrs. Obama reading to schoolchildren, digging and planting the White House Kitchen Garden with fifth graders, shaking hands with voters, dancing at parties, and smiling widely with a glowing face.
• Media blitz: Mrs. Obama on the cover of People, Vogue, and Oprah’s O magazine, among others, building her status as an American icon.
• Extendability of brand: “Our possibilities are endless.”
• NOT: The image that Mrs. Obama gave America early on the campaign trail by talking about her husband’s dirty socks and how he was “stinky” in the morning.

Branding Desiree Rogers…

• Vivid storytelling:
  • On being a networker…She is the descendant of a Creole voodoo princess and a daughter of the middle-class Seventh Ward of New Orleans. Red beans and rice on Mondays. Fried fish and potato salad on Fridays. Dreams of Wellesley and Harvard as she walked to high school on St. Charles Avenue. A city councilman father used to ask little Desiree to serve drinks or gumbo and help entertain when company arrived. There was a constant flow of company moving through the house. This upbringing gave rise to her becoming the “world-class networker” that she is today.
  • On being a style icon…She got her sense of style from Big Mama, her maternal grandmother, who used to dress for church on Sunday in bright colors and spectacular hats. It grew from there. Now an enduring topic among White House press corps is what Rogers is wearing.
  • On being a go-getter…In 2003, she was diagnosed with breast cancer and, after several surgeries, overcame the illness. “There’s no time to waste. Every day there needs to be movement on something,” she says.
• Persona: The 49-year-old turns on just enough Southern charm to camouflage an aura of self-assuredness typically reserved for runway models or first ladies.
• Association: Every morning she attends a meeting with President Obama’s Chief of Staff, a top Obama aide, and other senior White House officials. Moreover, she has been friends with Mrs. Obama for nearly two decades.

Who are the powers that be?

The Martha Stewart case raises two big issues. Who decides to make a star from a regular person and to burn him or her at a certain time?  Do the new technologies change anything?

People who are able to build a brand from their own name seem to manage everything. They decide everything, they master everything, and they choose what is said about them or not. I believe that this is partly true. No matter your power, you always have stronger people who allow your brand to exist and even boost you to succeed. These same people can decide to kill you just like that.

A recurrent debate focuses on journalists and the balance between on and off. Why does a reporter break the “off” rule to reveal something to the world? This question is particularly important in the case of personal brands like politicians or stars. Do you have to reveal that a president has a mistress or secret children? Do you have to reveal that an important person with crucial functions is sick? It goes beyond purely ethical issues. It is not just about what is right or wrong.

I think that everybody focuses too much on journalists. It is not a matter of function but a matter of power. Professor Aaker gave a really important insight in class. We have to interpret facts with the perspective of extreme users. By monitoring extreme users and by understanding why, when and how their opinions and behaviors change, we can understand why there is a general move towards the same direction. The media and branding system is not linear. Changes occur by sudden breaks. There are thresholds enabling the switch from adulation to abhorrence.

These thresholds are important because they set up the level of listening. When a star becomes a target, it seems that no critics occurred before a certain point. On the contrary, after this point, everybody is always hounding that star. This is often a wrong impression. In fact, some people try to reveal things at any time. The impact that their voices have depends on audiences’ ability to listen. The number of extreme users and their behavior reflect this ability. There is always a time when the echo of extreme users voice is heard and listened by the mass. Fans are listened during the adulation period. Detractors’ voice resonates during the prosecution. Journalists are the catalyst of such a phenomenon.

People with power use extreme users to manipulate situations. The person trying to build his or her brand does not have the keys forever. There are always stakeholders involved and lots of money at stake, which justify to create a star or to kill her.

What is the role of new technologies? More power for people against the powers that be? No more manipulation? Fairness? Democracy? Internet amplifies any phenomenon. It gives more power to weak people. But in the end, the issue is the same. There always some people that can decide to make you fall or to make you shine. Internet is even slyer. The danger comes from anywhere. As a brand, you not only have powerful stakeholders that could try to destroy your reputation, but you can have any individual person worldwide. Everything is more extreme with Internet. A viral video can make you a star immediately (ask Susan Boyle) or kill your brand in a couple of hours. Maybe the way deal with it is to use Internet as a monitoring tool for extreme users.

“Power is my mistress. I have worked too hard at her conquest to allow anyone to take her away from me.” – Napoleon Bonaparte

Fast Company: “The Brand Called Me”

Came across this Fast Company article from 2005 about managing a brand when it has your name attached to it.  It’s pretty brief, but there are some interesting bits and good quotes.  Features Tony Hawk, Nigella Lawson, Todd Oldham, Kelly Hoppen, and Andrea Immer.

http://www.fastcompany.com/magazine/93/fasttalk.html

Do firms really deal with their brands as they should?

We have seen in class many frameworks and tools to build, define and monitor brands. These tools are strategically crucial to make evolve product lines. In essence, a firm needs to make profits and grow. One of the main ways to grow is to expand the firm’s product line. As for any decision, the executives should guarantee that the brand they spend years and money to build keeps being consistent. They cannot hurt the brand. Unfortunately, in many firms executives come from the finance world or marketers are kept quiet by financial considerations. It seems that product line expansions are decided more in a financial perspective than in a branding one.

Let’s take an example that is a big question mark for me. I encourage you to give me your opinion by commenting this post.

Why does Subway offer burritos and pizzas?

For me, Subway is first and foremost a sandwich brand that allows you to choose your healthy food. It is a fast food chain (Quick Service Restaurant as a category) by the choice of the product (sandwich). But it is healthy. I go to Subway but not to MacDonald’s. The firm seems to build the brand on the healthy reputation (you lose weight by eating only Subways….).

My questions are simple. Why do they try to escape the sandwich segment? Why do they expand their product line with pizzas and burritos that have a “fat” and “unhealthy” image?

The subway brand is of course linked to this way of taking the line and ordering each ingredient to add in the sandwich. The purpose is to do the same with the pizza. Pizzas become healthy because you compose it. But the opposition of contradictory images is strong and can become expensive to fight.

Why do they choose this strategy? Increasing traffic and gaining market share is a matter of survival. The crisis is an opportunity for the QSR market. It is more expensive to expand organically the Starbucks way than by adding products in the menu. These are some of the reasons they choose this strategy. But it is still very dangerous for the brand. Personally, I am confused to find pizzas at Subway.

Belated Blog on Class 8 – Martha

Blog on Martha Day

Martha’s Name:

Pros:

• Differentiate
• Extendable
• Emotional benefit
• Name has story

Cons:

• Traditional name
• Risk during Crisis/Uncontrollable situation
• Relate to brand as person and vice versa
• Puts personal life in focus/on pedestal 

Why was there such a backlash after crisis?

• Value judgments she was placing on others makes her a target
• Uncertainty behind bars (who takes over when she retires?)
• Media: fall from grace story
  • America’s fascination with a train wreck (and comeback story)
  • She promised perfection – bigger target if anything went wrong

Importance of self-parody: (inability hurt Martha early on, ability later helped her)

• Can eliminate desire to knock off pedestal

KEY TAKEAWAY OF CLASS: When you go to jail, it doesn’t have to be a bad thing! 

Rest of class:

Authenticity: if you’re home alone at 3am – what comes to mind?

Per Deb Gruenfeld: Everyone is acting all the time.  We are always wearing a mask – at home, at work.

To be authentic – try to feel authentic, natural, close to flow

For personal brand:

Stand for something

Be different (POV)

• People don’t judge you as badly as you think they will if you do things differently

 Favorite quote of class:  No one will remember what you said, they will remember how you made them feel.

Hammer @ TWTRCON

On the subject of building personal brand and our upcoming guest speaker, I thought it would be of interest to highlight the upcoming Twitter conference in San Francisco.  Hammer will be speaking in an afternoon breakout session on “How to build personal brand”.  The conference list of speakers and agenda  looks interesting.  Looks like the agenda is still being confirmed and they are asking for suggestions. If you have ideas let them hear it by sending a Tweet to #twtrcon
- Shal

Building your brand in the WSJ

Thought some of you might find this interesting…

Building Your Brand

By ALEXANDRA LEVIT (WSJ 4/28/09)

It used to be enough to walk into a job search with an impressive résumé. If you were really enterprising, maybe you’d have a portfolio to showcase your best work. Now, though, people want a better way to stand out, and that has resulted in the very 21st-century concept of personal branding.

If you’ve been in the workplace longer than 10 years, you might be thinking that personal branding was actually born in 1997, when management guru Tom Peters wrote about “the brand called you.”

But never before has personal branding been so mainstream. The Internet makes it possible for everyone to establish a brand, and if you don’t know what yours is, now is the time to find out.

Experts such as Dan Schawbel, the author of “Me 2.0: Build a Powerful Brand to Achieve Career Success,” define personal branding as how we market ourselves to other people. Your brand should be strong and memorable enough to set you apart and to make a positive impression on people you don’t know.

Show You Can Do the Job

“Personal branding serves as career protection in uncertain times,” says Mr. Schawbel. “It’s also a critical tool for reinventing yourself because you can leverage the reputation and skill set you already have to prove you have the ability to do the job you want.”

A veteran of the recruitment research field, 41-year-old Jim Stroud developed an early interest in social media. Hoping to launch a new career in the field, Mr. Stroud built an online brand as “The Searchologist.”

“A searchologist is … someone who is proficient in searching the Internet” for people who aren’t actively seeking new jobs, he explains. His presence in search engines and networks such as Facebook, Twitter and LinkedIn, as well as a podcast series and blog, led Mr. Stroud to his job as social-media development manager for EnglishCafe, an English learning community for global professionals.

So how do you create a personal brand? Start by understanding where you are in your career and where you’re going.

How Are You Perceived?

“The personal brand is, first and foremost, about the person,” says Mr. Schawbel. “The clearer you are about your destination, the easier it will be to communicate why others should pay attention.”

In addition to showcasing your own blend of expertise and experience, your personal brand should communicate the qualities and values you want to be known for — for example, being cutting-edge, helpful, provocative, approachable or honest.

If you need some help, do an informal focus group with personal and professional contacts to get their feedback on how you are perceived. Ask if they see you as the type to thrive under high-pressure situations, or if you’re more comfortable knowing exactly what to expect and having time to prepare for it.

Mr. Schawbel recommends taking a course in Web development or graphic design so you can translate your brand visually.

Become familiar with the tools, including online communities, of your industry, and make sure your presence on all of them is always updated to consistently and accurately reflect your brand — you.

Geoff Moore re-cap 4/17/09

“If you grew up with it, it’s not technology.”  This was my favorite quote from guest speaker Geoff Moore this morning.  As he demonstrated to us that electricity and light switches are not ‘revolutionary technology’ to us because our brains were wired for these technologies from childhood, Geoff dramatically flipped on and off the lights.  Conversely, we do think of improvements in computing and now web-based innovations as technology because these notions were not ‘hard-wired’ into our brains as we grew up.

As Jennifer promised, Geoff really did make great use of an organizing framework (Tech Adoption Lifecycle/Market Development Model) to explain how he views the world:

Tech Adoption Lifecycle (from Everett Rogers):

1. Innovators (Techies)
2. Early Adopters (Visionaries)
3. Early Majority (Pragmatists)
4. Late Majority (Conservatives)
5. Laggards (Skeptics)

Geoff is most well-known for his “Crossing the Chasm” concept (made into a book by the same name).  This notion is predicated on the idea that there is an important gap (‘chasm’) between Early Adopters (Visionaries) and the Early Majority (Pragmatists).  Brands/companies that successfully ‘cross the chasm’ are well-positioned for market share capture through the ‘tornado.’  But, getting viability ‘at the bowling alley’ is a tough accomplishment and a (most often) necessary prerequisite to market share capture in the tornado.  The big driver of success is winning over the pragmatists in the early majority.

The five steps in Geoff’s model that line up with the lifecycle framework are as follows:

1. Early Market (innovators and early adopters) à Get Visibility

• Brand the Technology

1. Crossing the Chasm à Get Viability (Bowling Alley)

• Brand the Problem

1. Early Majority à Get Market Share (Tornado)

• now, Brand the Company

1. Early Main Street à Profitable Growth

• Work with the brand you have

1. Late Main Street à Profitable Relationships (traditional marketing firms (P&G) are experts here)

• Take your brand private

o How to execute this step was the most unclear part of the day’s lecture, in my mind

Geoff’s consistent ‘reliance’ on this framework was commendable, and I was surprised how infrequently I felt the framework references were a stretch.  (So often, these frameworks break down, in my mind.  And, this one really seemed to hold up…or Geoff is just really compelling as a speaker and is very adept at identifying corroborating evidence/examples.) J

Key takeaway was:

• Adapt your brand to the appropriate stage in the lifecycle of the industry/category.  Or, as he colloquially put it: “different horses for different courses.”

As Geoff talked through the five steps in his model, I also found the following insights interesting:

• Two type of business model paradigms necessitate different brand/company strategies:
  • Complex Systems (part of early market development cycle) are all about reputation
  • Volume Operations (more important in later stages) require strategic brands to help communicate with consumer because realistically a company cannot have high-touch salesforce deployment at purchase location for every consumer
  • Getting visibility in the early market (Stage 1) is key, but defining what is successful visibility is changing today based on shifts in the news industry (Fortune Magazine features are not what they once were)
    • The separation of adoption from purchase has provided challenges (i.e. monetization of ‘successful’ internet businesses has not yet been solved)
    • Proving viability is often about reaching the tipping point with the right audience (pragmatic, but willing prospects)
      • Clear references to Gladwell’s work on the importance of mavens, promoters, and connectors)
      • Gaining market share sometimes is a ‘patience game’ – Apple had to know how to ‘stick around’ while it re-grouped so that it could be re-birthed as a pre-eminent company following ‘darker times’
        • Knowing your niche and how to communicate to it is critical for ‘chimpanzees’

Gotta be true to the market power of your brand (which can change over time)

No around the clock days at Goldman… What up!

Investment banking is known to ask a lot to its bankers, especially in terms of energy and hours. Coming from this universe, I can tell you this is not an urban legend. As an investment banker, you really burn your youth as a Hummer burns gas. It is brutal and with no recovery.

The real issue with long hours is that it is not just about volume of work. It is a strong culture. And as in any strong culture, it is getting worse and worse because each person tries to be more Catholic than the Pope. If you speak with an analyst that has huge and dark rings under his eyes, he will always deny his awful situation. He will even carry things to extremes. “I like it!” “Pressure is so good!” “Have you seen my car?” Each person hired in investment banking builds and strengthens this culture. How do you expect to change things?

Maybe the crisis will allow revolutionizing the industry. But I have doubts. I tried to do it my way. I was not rejected but I could hope to go real high in the hierarchy. I was different. I was the ugly duckling. My hours? 7am to 6.30pm. Not more, never less. How was I able to perform and achieve my goals? I was the best in my department at my level and at the direct upper level. Was I fairly rewarded for that? Of course not! Many people try to hinder me behind my back. I had to manage many conflicts and to deal with many people hatching vicious plots all the time against me.

That is why I am doubtful about Goldman and the culture of brightness against the culture of volume. Inside the culture of volume, people feel threatened by brightness. Brightness is not the driver of success. You have to spend long hours at work and advertising yourself via this angle. “I spent the weekend working at the office!” “Really?” “Yeah, and it was so hard but so exciting in the same time.”

I do hope these conversations will cease to exist in investment banking and anywhere else. I come from engineering and I used to be a rocket scientist. In this world, the shortest answers and demonstrations are the best and most elegant ones. You are rewarded for your genius and you spend your evenings and weekends with your wife and kids. This is the real life!

“Any customer can have a car painted any color that he wants so long as it is black” – Henry Ford

Building an Authentic Brand

A personal brand that is based on authenticity is a powerful one.  Is it because we live in an age when corporate fraud, deceit, fake memoirs, and lip-synching on Saturday Night Live are no longer shocking that we find authenticity all the more appealing?

One only needs to glance at tabloid cover pages to see that celebrities often go to great lengths to hide their flaws.   In contrast, Oprah openly shares and even brings attention to her flaws to ensure that her audience does not expect perfection from her:

http://www.huffingtonpost.com/2009/04/24/oprah-defends-her-hair-th_n_191287.html

http://www.oprah.com/article/omagazine/200901_omag_oprah_weight

Perhaps it is her willingness to show her vulnerabilities that makes Oprah endearing to the public.  Her inclination to admit and to show that despite her fame, wealth, and influence, she is not perfect, and she, too, struggles with issues her audience faces, be it losing a puppy, weight gain, medical issues, or bad hair days.  Instead of presenting herself as a perfect image, she strives to present her authentic self to her audience, and encourages others to do so.   In contrast from the image that Martha Stewart presents, by revealing her own flaws and imperfections, Oprah yields even more influence over her audience because they more readily identify with her.

Similarly, during Jon Stewart and Jim Cramer’s “weeklong feud of the century,” journalists and commentators mostly agreed that Stewart won the battle of public opinion. Perhaps it was because Cramer was the purported expert in finance and investment who confidently asserted that Bear Stearns was a safe investment days before its bankruptcy was announced. Perhaps it was because Stewart presented the story of his grandmother as the face of one of millions of average investors who were adversely affected by the advice espoused by such celebrated pundits.  Finally, perhaps it was because the audience expected Cramer to live up to his promise of being a knowledgeable expert and he failed to deliver, while Stewart never promised to be well-versed in the world of finance,  yet came across as the articulate host of a comedy show who represented the voice of the average investor.

http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533