Wednesday, May 02, 2007
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Changes are happening everyday in business, especially in retailing and marketing. After 35 years in the marketing business, I'm convinced that a lot of companies talk about branding but few really understand the importance of developing a brand both with the consumer and with your employees. This site will give those of us who watch the retail and advertising business an opportunity to share our views on why some companies succeed while others struggle to survive.
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2 comments:
Great post. It all boils down to one thing that everyone has to remember: Your brand is your reputation. Without everyone on the same page understanding just what the company's reputation is and what it should be, no one will encompass the concept. As far as changing titles, I kind of think that titles are for suckers. Focus on your reputation and your business and throw the titles out of the window. There is only one title that matters: CUSTOMER
Ken: I love your use of the video. The conference sounded great. I wish I heard about it before hand...I might have gone.
I like Costello's reorganization idea. Best Buy did something like it. Although traditionally organized around functions, each year at budgeting, top management would choose 3-4 key strategic issues and bring in people from the various functional areas to work exclusively in the new area until it was off the ground. Example: when flat-screen TV were being anticipate, people from consumer research, marketing , finance, distribution, etc. were assigned to the new sub-business. Not exactly what Costello is saying, but iut worked like a charm to cut through the red-tape that traditionally starves such opportunities. George
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