competitive advantage
25 posts
What Separates This From That?
When we’re not simply driven by price how do we choose what to buy? We tell ourselves a story about quality, design, durability, or provenance. But often as we rationalise about the advantages of one product or service over another, the differentiator we perceive is the degree of love and care that’
Who Do You Want To Be To Whom?
The key question for all of us, no matter what business we’re in, is who do we want to be to whom? When we lose sight of who we’re in business to serve, and why we lose more than our competitive advantage. We lose the heart and soul of our business.
10 Benefits Of Strategic Storytelling
Stories do more than help us to tell and sell. Shared narratives are powerful catalysts for change and the building blocks of our culture.
When Subjectivity Wins
Successful brands craft and tell stories for their ideal customers—the people who are ready to hear and believe them.The more subjective we can be in our sales and marketing, the better.
What Can You Learn From Your Competitors?
What’s the story your competitor doesn’t want to tell?
Easy Does It
Our expectations about the quality of products have increased exponentially with our ability to perfect the things we produce. When quality improves our tolerance for mistakes plummets. Interestingly, the same isn’t true for human interactions. Even though digital technology has enabled degrees of e
Big Enough
Conventional business wisdom suggests that success is dependent on achieving scale. We’ve come to equate fulfilling our potential with being number one—having the biggest piece of the pie. In our quest for success, we sometimes forget to question how much pie is enough. Exceeding the optimal amount
Ten Things Your Competitors Don’t Do
YOUR COMPETITORS DON’T… 1. Obsess about how their products and services make customers feel. 2. Help people to ‘buy in’ and belong (not just to buy). 3. Make something that’s not for everyone. 4. Question how they could do it better. 5. Listen twice as much as they talk. 6. Do what they say they…
Why Meaning Is A Competitive Advantage
The day after she turned fourteen, my mum (number ten in a family of eleven), woke early to catch the bus that would take her to work at her first full-time job in a sweet factory. I don’t remember her telling me about how she got the job. It’s likely it happened through word of…
The Upside Of Ignoring Your Competition
In his memoir Bryan Cranston (the actor who plays Walter White in the cult drama series Breaking Bad), describes a mental shift he made about auditions twenty years ago. He and the other actors would smile politely at each other while they sweated it out waiting for their turn to audition. Every per
Creating A Sustainable Advantage
The two bookstores on Bourke Street have very different layouts, but they mostly stock similar titles. The three nearby cafes all serve eggs, porridge or toast for breakfast. Both convenience stores along the street stock the same brands of chocolate, snacks and emergency litres of milk. And the web
The Purpose Of Design Features
In business, we use design to differentiate ourselves in a number of ways. Design features are primarily seen as a way to attract customers and to help them decide if our product is for them. In a digital world, design is one of the best tools we have to build trust with customers we many…
Surviving Peak Utility
When I was a child our family doctor operated a first come, first served, clinic without an appointment system. Some patients arrived three hours before the clinic was due to start to make sure they’d be seen first and a two-hour wait to see the doctor was not uncommon. “Evening folks.” Dr. Mac said
True Advantages
If I asked you to list the advantages any global brand has over its competitors you’d likely think of things like access to capital, distribution networks, and other resources that the average business doesn’t have. But these brands are the outliers. When it comes down to it, most businesses have ac
From Insights To Advantages
Chip Wilson discovered that women liked to look great when they exercised and feel comfortable when they didn’t. Lululemon pioneered the activewear trend way back in 1998—a market that is predicted to grow to $178 billion by 2019. Dave Gilboa worked out that we hate feeling ripped off and paying as
The Power Of Promises
“You’ll have it by Friday.” “I’ll call you tomorrow.” “We’ll be there by 3pm.” How many times have promises like these been made to you in the past few weeks, only to be casually broken and replaced by a fresh set soon after? Doing what you say you’ll do is the fastest route to building…
Being Found Vs. Standing Apart
Jim is a painter and decorator. He’s been in business for twenty-five years, long enough to see the world of marketing turned upside down. Fifteen years ago Jim took out a three line advert in the local newspaper every week. He finally cancelled that three years ago when it was yielding two calls a
The New Rules Of Winning
Just three months ago Volkswagen surpassed Toyota to become the world’s largest automaker. It’s clear that selling more cars in order to beat that competition had been the company’s goal for some time. As we’ve seen in the past week biggest doesn’t necessarily mean best. When we use shallow metrics
What Are Your Competitors Failing To Do?
Like many new mothers Jessica Alba wanted to buy non-toxic baby products, they were incredibly difficult to find information about and source, this inspired her to found The Honest Company. Dave Gilboa lost a $700 pair of glasses and couldn’t afford to replace them, his experience was the seed of an
How To Be Valued In Any Marketplace
Mike is ‘in sales’. He takes care to dress well, to tone down his tie and give a firm handshake. He begins every conversation with a prospective client by first introducing himself and then sharing his perspective about why he’s there. It’s no surprise that Mike is met with hundreds of rejections ea
