You can talk all you want about the “value proposition” and about how consumers don’t *really* make purchase decisions based on price, but when it gets right down to it, guess what – they do. Don’t you?
All else being equal (ALL ELSE BEING EQUAL in the opinion of the consumer, whose opinion is the only opinion that counts), price matters. Of course it does. Why would Continue reading “Yes, Price Matters – Duh!”
There’s a raging – and quite interesting – debate taking place in a LinkedIn forum I participate in on the relationship between PR and marketing. I’ve found it especially interesting since I recently was engaged in the same debate while teaching PR courses at a local university.
Surprisingly to me, there is a group that believes quite strongly that PR *is not* part of marketing. That it is a separate and distinctly different function within an organization. That’s “crazy talk” to me – Continue reading “Crossing the Line Between PR and Marketing”
Apparently KFC’s recent launch of a grilled chicken sandwich so exceeded expectations that KFC ended up damaging relations with consumers, the media and franchisees, according to a recent item in Public Relations Tactics (a PRSA publication). Continue reading “Overpromise – Under-deliver?”
I just read a piece in The Economist about a movement to pay advertising agencies for value, not hours, and how this trend is catching on. Currently, the American Association of Advertising Agencies estimates that about 10 percent of compensation agreements are value-based, according to this article. (Not sure that figure supports the suggestion that this is a trend that is “taking off”…)
Anyway, my initial reaction in reading this was: “Well, why not? Why should agencies just be paid for being “creative,” and racking up what can be enormous fees? Continue reading “Pay for Performance – Good Idea, or Not…”
One of the keys to establishing a strong and meaningful brand is consistency. A surefire way to become inconsistent is by “suboptimizing” your brand by focusing on the parts, rather than the whole. Or, in other words, by having a tough time deciding “who you want to be.” Continue reading “Think Carefully About Suboptimizing Your Brand!”
We’ve all heard it before, but somehow in our ongoing quest to add *new* customers, we have a tendency to forgot to focus attention on the ones we already have.
Datran Media, an e-mail services company, recently asked marketers to rank what advertising goals they considered most important for 2009. The results were: Continue reading “Your Best Customers Are Your Best Customers”
The concept of “cultural fit” is a trendy one these days. But, is hiring for “fit” a good idea?
In 1999 I wrote an article for HR Magazine on hiring to fit your corporate culture. My thesis at the time was that doing so was a “slippery slope” in terms of ensuring non-discriminatory hiring practices. After all, Continue reading “Should You Hire Employees Who “Fit” Your Culture?”
Not many people remember a product called Zima and that’s the point of this post. As a marketing professional I’ve always been interested in new product introductions and advertising campaigns in general – how well do they work? how long do they “run” (suggesting that the positive effects are continuing to produce results or, if nothing else, that the agency and client haven’t “pulled the plug” prematurely). Continue reading “When Awareness and Preference is Not Enough.”
McDonald’s recently announced that it will be serving specialty coffees like vanilla lattes and caramel cappuccinos at outlets across the U.S., at a fraction of the cost of the same types of drinks at Starbucks.
Wow! As this plays out it will be a great economics case study. Can you compete on price? What value is there in a brand? Will consumers continue to pay more for something that they can get for less someplace else?
Continue reading “McDonald’s vs. Starbucks – the Coffee Wars”
On the way home from teaching a class the other day I heard what I thought was a classicly created radio commercial from OnStar.
The attention-getting premise: “Are you counting on your cell phone to be your lifeline in a crash?” Well, yeah. That’s why I don’t need OnStar, right? Continue reading “In The Minds of Consumers – Brilliant!”
