Friday, May 28th, 2010 at 4:34 pm
This Blog is for anyone interested in executing their strategic marketing ideas successfully.
These ideas are typically captured in a strategic marketing plan (which may cover the next 3 – 5 years). However, there is much evidence that most strategic marketing plans fail to get executed effectively. So, this Blog is also for anyone that has a strategic marketing plan (or is writing one) and is keen to make it work.
It is about helping the marketing community get fundamental strategic change in place in their own (or their client’s) organization.
Wednesday, November 25th, 2009 at 9:34 am
It is over 10 years since John Elkington wrote Cannibals with Forks: the Triple Bottom Line of 21st Century Business. In it he talks about the responsibility of business to deliver not only improved profits, but also improvements to their people and the planet. But getting alignment on all three measures is easier said than done.
Here at Market2win we have setup one of our simulations to look at the planet vs profit issue. In the simuation we have five businesses all competing on different “green” credentials. The interesting point is that although the players in the simulation (who adopt the role of the marketing team of each business) start by emphasizing their greenness, once the profits are put under pressure, they rapidly forget their green principles and go for a more profitable strategy (e.g emphasizing low price over low carbon footprint). This is also true in many businesses where “greenwash marketing” (putting a green spin on some very ungreen activities) is a common policy.
The lesson here is that to make companies green, they must see a clear connection between the green initiative and greater profits. For example, many hotels now ask you to only place dirty towels on the floor. This reduces their laundry costs and is also good for the environment. Good for the planet and good for profits.
Too often, people try to fight the profit motive by appealing to more noble causes. This, unfortunately, is a battle they will lose as the profit motive will always dominate. It is better to align your cause with the cause of business and sell it like a business person. This was reinforced to me this week when I bought the latest Big Issue magazine and read an article by its founder, A. John Bird (for those of you that don’t know, The Big Issue is sold by homeless people in the UK and they keep half the revenue themselves). In the article, he says how he attended another award ceremony recently and although he didn’t win, he realized that “this one was different. This was for Business Leadership! Yes, for helping to create a business that was about dismantling poverty in the lives of people! And this was the first, the very first time that The Big Issue was being patted on the back as business leaders!”
He also goes on to say (and I would agree with this) that The Big Issue can help businesses respond to social crises. Wrap a good cause in smart business thinking and sell it like a professional. Then there is change.
Monday, November 16th, 2009 at 6:56 pm
Are you starting a new business? Got a name yet?
Deciding on the name for your business is one of the most important decisions you can make. A quick look through your local Yellow Pages will show you how many people get this totally wrong. Many names are either dull, unmemorable, restrictive, complicated or just dumb! Moreover, unlike a product name, once it is done, it is a real hassle to change it. The moral is, think about it carefully and get it right first time.
We have helped to get many businesses started in the right way and have developed a FREE sheet with our Top 10 Tips for Naming a New Company. Simply email us at firstname.lastname@example.org and we will gladly send it to you. It will help you nail a great name and might just make a big difference to your business!