Nov 25, 2010

Posted in  Business Planning, Innovation

Successful business ideas are always the simplest ones

Successful business ideas are always the simplest ones
If I were to be given the chance to invest in a business that offers up something completely radical but also very risky or just starting something with a more conventional, tested business model, I would go with the simpler and more conventional business every time. And while successful business ideas have also sprung from radical ideas, the tried and tested offer better returns and are generally more successful. The problem is perhaps not even one of complexity or simplicity. The problem is all about knowledge. Businesses fail a lot because of a lack of capital, but they also fail because of a lack of knowledge. That cannot  [...]

Nov 22, 2010

Posted in  Advertising, Branding, Business Marketing

Guerrilla marketing can be extremely effective

Guerrilla marketing can be extremely effective
If you do it correctly, guerrilla marketing is a boon for any marketer. It stretches your advertising dollar farther than ever possible and it can even go so far as to earn you the respect of your competitors. But why simply talk about this off hand? Let me offer you an example of this. At the Beijing Olympics, Adidas pumped in millions of dollars by way of advertisements. They were fully expected to do so. They were, after all, official sponsors of the Games. Adidas has the kind of marketing budget few do, and Chinese sporting goods manufacturer Li Ning certainly did not have those kind of dollars to spend. But their solution  [...]

Nov 18, 2010

Posted in  Advertising, Branding, Business Marketing

Creative advertising springs forth from big ideas

Creative advertising springs forth from big ideas
Here's a quick question. Does an advertising campaign give birth to a great idea or does creative campaign emerge because it springs forth from a great idea? Go on, think about it for a bit. That question is the marketing man's equivalent of the chicken and the egg. In case you're still thinking about it at this point, look at the post title, I kind of gave it away there. Not my best idea, I know. But is it just an academic argument if you were to wonder whether great ideas give birth to creative campaigns or is the opposite true? Any young company, whilst growing, starts to lay down its roots and establish its brands. Every  [...]

Nov 11, 2010

Posted in  Branding

Brand stories define your customers and business

There was a time, not so long ago, when we didn't quite mind having the same stuff as everyone else and we bought products and services, not the brands that offered them. That was when the market was being treated as a commodity, but no more. More and more, we are seeking out brands that define us, reach out to us, speak to us, that seem to be us in many ways rival brands just cannot be. Everything we purchase has a ripple effect. And what it's saying is this is who I am, or in a more aspirational sense that this is who I want to be seen as. The brands we associate with are the brands that mean something to us, the brands that  [...]

Nov 1, 2010

Posted in  Business Ethics

Business ethics and its widespread absence

Business ethics and its widespread absence
It is amazing how the banks that precipitated the economic crisis as we know it today have got off the hook without so much as a rap on the knuckles (just some public reprimands that don't amount to much). In fact, it is a remarkable feat on the part of their negotiators to not only get them off the hook but also managed to get money out of the taxpayers pockets to fund their own pocket. If this is not daylight robbery, pray tell what is? Financiers at AIG, a symbol of corporate greed now, were given millions of dollars by way of bonuses simply because they completed a transaction. But who would stop and think about the consequences  [...]

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