Top Banner
SCOTT DAVIS CHIEF GROWTH OFFICER Building Relentlessly Relevant Brands Re-Earning Loyalty Every Single Day
31
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: Building Relentlessly Relevant Brands

SCOTT DAVIS CHIEF GROWTH OFFICER

Building Relentlessly Relevant BrandsRe-Earning Loyalty Every Single Day

Page 2: Building Relentlessly Relevant Brands

Smell like a Whopper: Burger Kingwill sell cologne in JapanAssociated Press, March 2015

Page 3: Building Relentlessly Relevant Brands

Definitions of Relentless:

Oppressively ConstantIncessantPersistentContinuousTenacious UnabatingNon-StopNever-EndingUnceasingUnwaveringUnremittingPertinacious

Page 4: Building Relentlessly Relevant Brands

Leaders of relentlessly relevant brands think differently…

Page 5: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 5Proprietary and confidential. Do not distribute.

Page 6: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 6Proprietary and confidential. Do not distribute.

Sources: The Verge

Relevance is no longer a moment in time, and no brand can assume enduring loyalty

Page 7: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 7Proprietary and confidential. Do not distribute.

Every brand needs to think like a challenger

Page 8: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 8Proprietary and confidential. Do not distribute.

Awareness DriverAdvertising (TV, print, online ads) Friends and family who volunteered their opinion

Observing people use product/brand

Research conducted online

Friends & family from whom you sought out opinions

Information at store or on-shelf

Company's website

Promotion/sponsorship from the company

Sales material by company that came to you

Product reviews by experts, peers

Research conducted offline

Sales material by company that you sought out

Salesperson at point of sale

Direct mail with special offer from company

News media

Email/text message with special offer from company

Telemarketing with special offer from company

Purchase DriverFriends & family from whom you sought out opinions

Friends & family who volunteered their opinion

Research conducted online Promotion/sponsorship from the company

Product reviews by experts, peers

Company's website

Information at store or on-shelf

Research conducted offline

Observing people use product/brand

Advertising by the company Sales material by company that you sought out

Sales material by company that came to you

Direct mail with special offer from company

Salesperson at point of sale

News media

Email/text message with special offer from company

Telemarketing with special offer from company

Source: Prophet Consumer Research; Jack Morton : The Year of Experience Brands

Most

Least

You no longer drive preference, your target consumer does… and define relevance as a result

Page 9: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 9Proprietary and confidential. Do not distribute.

1 DIY Empowerment

2 Shared Economy

3 On-Demand Service Mentality

4 Knowledge Sourcing Communities

5 Winning Validation

6 Considerate Choices

7 Personalized Service

There is a new generation of brands that are winning the relevance war through pervasive consumer participation and engagement. Old brands take heed!

Page 10: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 10Proprietary and confidential. Do not distribute.

This sounds great, Scott! But we think you’re full of it. What are consumers saying?

Source: Prophet brand survey, n = 1000

I choose brands more for how they connect with my life than for being widely known and advertised.81%

I’m more loyal to brands that continue to find new ways of being relevant in my life.80%

I am more loyal to a brand that I can engage with on my own terms.72%

My ability to interact with/help shape a brand is important when choosing what brand I buy. 59%

Page 11: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 11Proprietary and confidential. Do not distribute.

So How Do You Define a Relentlessly Relevant Brand?

11

Relentlessly Relevant brands consistently inspire us and move us to action. They make smart, bold moves that amaze customers, push competitors out of consideration, and – at times – define entirely new categories and markets. And they do it while remaining unwaveringly authentic to who they are.

Relentlessly Relevant brands engage, surprise and connect. They delight, disrupt and deliver. They are restless. They push themselves to earn and re-earn customers’ loyalty – and they define and redefine what’s possible in their categories and in our world. Those companies that have built RELENTLESSLY RELEVANT brands generally have four common characteristics:

Page 12: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 12Proprietary and confidential. Do not distribute. 12

Consumer Obsessed Distinctively Inspired

Ruthlessly PragmaticPervasive Innovators

Page 13: Building Relentlessly Relevant Brands

How the Best Brands Attain Relentless Relevance

Page 14: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 14Proprietary and confidential. Do not distribute.

There are five tenants core to driving relentless brand relevance

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

Page 15: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 15Proprietary and confidential. Do not distribute.

Know what your purpose is and why you exist. Inspire employees and stakeholders and they will, in turn, inspire your customers

Know and Love Your Purpose

Page 16: Building Relentlessly Relevant Brands

Provide the democratization

of technology

AppleProvide a third refuge

StarbucksEmpower women to find

their inner beauty

Dove

Provide unconditional personal service

ZapposProvide magic

moments

DisneyProvide affordable

luxury

IKEA

Celebrate the athlete within each of us

NikeBe irreverent, rule

breakers, regardless of category

VirginBe unconventionally,

fashionably affordable

H&M

Page 17: Building Relentlessly Relevant Brands

Become THE brand that defines the category. Be clear, intentional, and aggressive!

Own Category Clarity

Page 18: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 18Proprietary and confidential. Do not distribute.

Leverage employees and loyal customers as allies. Give them a reason to love you and influence others to do the same.

Arm Your Communities

Page 19: Building Relentlessly Relevant Brands

Give customers what they want, through any channel, in ways that make them remember and talk about you in remarkable ways

Create Infinite Remarkable Experiences

Page 20: Building Relentlessly Relevant Brands

Drive a series of consistent moves to keep your brand fresh, relevant, inspired, and “in your customer’s face.”

Drive a Continuous Stream of Bold Moves

Page 21: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 21Proprietary and confidential. Do not distribute.

When These Five Work Together Relentless Relevance Becomes The New Norm

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

Page 22: Building Relentlessly Relevant Brands

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

When These Five Work Together Relentless Relevance Becomes The New Norm

Page 23: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 23Proprietary and confidential. Do not distribute.

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

When These Five Work Together Relentless Relevance Becomes The New Norm

Page 24: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 24Proprietary and confidential. Do not distribute.

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

When These Five Work Together Relentless Relevance Becomes The New Norm

Page 25: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 25Proprietary and confidential. Do not distribute.

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

When These Five Work Together Relentless Relevance Becomes The New Norm

Page 26: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 26Proprietary and confidential. Do not distribute.

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

When These Five Work Together Relentless Relevance Becomes The New Norm

Page 27: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 27Proprietary and confidential. Do not distribute.

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

When These Five Work Together Relentless Relevance Becomes The New Norm

Page 28: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 28Proprietary and confidential. Do not distribute.

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

When These Five Work Together Relentless Relevance Becomes The New Norm

Page 29: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 29Proprietary and confidential. Do not distribute.

Know and Love Your Purpose

Arm Your Communities

Own Category Clarity

Drive a Continuous Stream of Bold Moves

Create Infinite Remarkable Experiences

When These Five Work Together Relentless Relevance Becomes The New Norm

Page 30: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 30Proprietary and confidential. Do not distribute. 30

Not to be outdone by Burger King…

Page 31: Building Relentlessly Relevant Brands

Prepared for Chicago AMA’s BrandSmart Conference 31Proprietary and confidential. Do not distribute.

Scott Davis Chief Growth Officer

[email protected]

@scottdavisshift

@forbes.com/sites/scottdavis/

prophet.com