When does inspiration change to temptation? Brand and marketing organization I work with are often sitting on the this edge making a choice between being inspired by a successful brand or even brands that have pulled a one off punch. This year has seen a disproportionate number of brands barking up the "Compare & Save", "Taste & Performance test", "Blind test", etc. trees.
The tough part is this transformation from inspiration to temptation is very subtle one that is driven by inertia from a critical threshold of marketers and executives simultaneously impressed by the competitors tactic creating a geometric escalation from inspiration to temptation.
When inspiration transforms into temptation brands run the risk of being "me too"! There is nothing worse than a "Monkey see-Monkey do" brand especially since the tactic progressively gets less effective but more importantly erodes defining identity and equity of the brand!
It is interesting brands don't have to do a whole lot different to combat this affliction... objectivity in evaluating competitors is a priority, a portfolio approach to tactics and finally consolidation of the basics - positioning, segmentation and targeting.
I agree responding to competitors is important but at times taking the high ground and not responding to such tactics can be the difference between a brand leader and followers.
Friday, August 28, 2009
The balancing act
Posted by Neil at Friday, August 28, 2009
Labels:
Branding,
Marketing Strategy,
Neil Bhandar