competition
166 posts
The Business Case For Creating Great Customer Experiences
Saren Indah is a tiny fifteen room hotel in Ubud. It’s hard to stand out from the crowd in a market where amazing seven star resorts line up alongside cheaper than cheap backpacker accommodation. How do you differentiate when you are not the biggest, flashest or cheapest? Saren Indah should be lost
Shifting The Focus From Results To Relationships
There’s a problem with how performance is measured by both ourselves and in our organisations. Typically you have a budget and targets to achieve. The purpose of the budget is to make sales go up, or waiting times go down. Our systems are designed to judge and reward us on results. If the campaign y
There’s More Than One Way To Tell Your Story
In 2004 Chanel paid $33 million for the production of a two minute film which became the most expensive advert ever made. In a post GFC economy that figure seems shocking, but Chanel is one of the most valuable global brands. They have the marketing budget and they’re not afraid to use it. Dropbox w
No Business Is In A Market Of One
When dance partners compete they know the other couples are there on the dance floor with them, but they never focus on what the competition is doing. Instead they relentlessly hone each move and perform it for the audience as if it were their only chance to dance the dance. They don’t allow the fac
Whoever Gets Closest To Their Customer Wins
Let’s consider how the business world has been turned on its head in less than a decade. We only need to think about fourteen brands in order to understand the shift. APPLE vs. SONY. AMAZON vs. BORDERS. NETFLIX vs. BLOCKBUSTER. AIRBNB vs. HILTON. UBER vs. CABS. NEST vs. HONEYWELL. TWITTER vs. NEWS C
Who Decides What Wins?
The app developer will spend hundreds of man hours writing lines of perfect code in the hope of making his final product the best in the world. The cafe owner could pull thousands of shots in order to create the perfect cup every time. The entrepreneur might invest months agonising over design decis
Marketing Is About Giving Your Customers A Story To Tell
We’ve been stuck in a time warp for the past fifty years with a marketing model designed to sell things to our grandparents. A model that’s kept media buyers in jobs and many media outlets afloat. Marketing used to be what we told our customers to believe about us. What matters more now is how…
Where Wile E. Coyote Went Wrong
Do you remember those old cartoons where Wile E. Coyote is so focused on outsmarting The Road Runner that he inevitably ends up getting in his own way? He spends so much time and energy trying to be one step ahead of the bird that he forgets what his end goal was. It’s easy (and…
3 Essential Marketing Questions
As marketers we invest a great deal of time and money working out how to tell the story of our products. But if we can agree that marketing is giving people something to talk about, why aren’t we using resources in equal measure to do that. What if we began with a new set of…
Thinking About Marketing As A Strategy For Growth Not Just Sales
Mostly we market to sell more. The restaurant owner who tells his staff to remember to ‘push drinks and bottled water’ is marketing for increased sales today. The alternative is to be the marketer who bakes growth into his business by delighting customers, giving them a story they want to tell (and
What Problem Are You Solving?
Every venture capitalist will tell you that the best startup pitches focus more on the problem than on the solution. A potential investor may give you just a single sentence to make them understand why your idea will succeed in a world where most people have what they need. And yet, as business owne
The Brand Sweet Spot
Every time I upgrade my phone the guys at Virgin try to convince me that there are much better options than the iPhone. When they ask me why I prefer the iPhone I never have a definitive answer. It’s not always easy to put that kind of value into words. Think about your favourite brands,…
The Most Dangerous Thing About Your Competition
….is your obsession with them. Yes, we live in a giant digital goldfish bowl. This makes it possible to get stuck watching and worrying about what our competitors are doing. Almost every move they make, every accolade, acquisition and award is there for the world to see. It’s far more productive and
Was Everything Okay?
The table was clean. The waitress arrived to take coffee orders within a couple of minutes. We tried to ignore the peeling corners of the laminated menu. The food and the coffee were fine. The waitress polite in a ‘going through the motions’ kind of way. Her parting question as we paid the bill….. “
Why We Advertise
Ad spending is set to increase this year. And yet, some of the smartest and fastest growing companies on the planet elect to grow their businesses through word of mouth, by delighting their customers. So, why do we still buy banner ads? Is it because……? 1. Our products and services don’t create diff
Value Is A Story We Want To Believe
If you’ve ever doubted that we are, as Jill Bolte Taylor says, “feeling creatures who think” just stop in the salt section of your local supermarket. Salt is as close to free as any product can get. You can buy a kilo for a dollar, or a Pink Himalayan variety for sixty times that price.…
Hope Is Not A Marketing Strategy
There’s a tiny market in Potts Point every Sunday. Each week the stallholders show up and hope. They hope that someone who might be their customer will show up too. The stallholders sell things that a passer-by might want, usually things that they could get somewhere else if they weren’t going to bu
How To Be The Best In The World
LEGO® bricks are the best in the world. Competitors have tried to copy them over the years, but nothing comes close to a real LEGO® brick. So what’s the secret? To make a product that good you’ve got to continually obsess about design and production lines and quality control. But what makes LEGO® th
The Question Your Competitors Forgot To Ask
The foundation of many businesses is a simple what. What do we serve and sell, for how much, at what profit margin? Getting stuck in ‘the what’ puts you squarely in the commodities business. If the value you create is purely tangible then you’re not giving people a reason to care about your brand, o
The 11 Whys Of Product Development
In my work with companies, entrepreneurs and businesses of all stripes, here’s what I’ve found. We mostly get stuck not because we don’t know the right answer, but because we haven’t begun to ask the right questions. Here’s a handy list of questions to ask before you bring your product, service or i
