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The Smart Manager

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July-August 2017

“The best brands are built on great stories,”* this remark by Ian Rowden best captures the strategy of diligent brand building. Much more than attractive logos or the products themselves, what builds a brand is how successfully a story is woven around it. Brand marketers have to be good storytellers indeed.

In its dictionary, the American Marketing Association (AMA) defines a brand as a “name, term, symbol, design, or other feature that distinguishes an organization or product from its rivals in the eyes of its customers.” With all due respect to the good people at the AMA, that definition is a long way out of date.

As any good marketer will know, a brand is a lot more than just a name or a symbol. They are the attributes that customers associate with a product, service, or company. They are what customers think of when they see the name or logo. The name and the symbol serve as psychological cues, bringing those attributes into the forefront of the mind. But they are not the brand itself.

Brand marks have been around for a long time; Chinese producers have been stamping makers’ marks on products for about a thousand years, but there was little understanding of the cognitive impact that brands had. In the nineteenth century Charles Babbage, better known as the father of the modern computer, wrote about brands in his book The Economy of Machinery and Manufactures, suggesting that customers saw the brand symbol as an indicator of product quality. They would be more likely to buy trusted brands, he said, because they knew those brands would deliver value for money.

William Lever, later Lord Leverhulme and founder of a business empire that includes the modern-day Hindustan Lever, understood what Babbage was talking about. Lever designed one of the first soap brands, Sunlight, very much with the idea of communicating a message about quality. The name itself, Sunlight, implies something that is pure and clean; very much the values that people associate with soap. Lever marketed his product as brand that would deliver those values to the product’s end users.

MEER VERHALEN VAN The Smart Manager

The Smart Manager

The Smart Manager

The Digital Shift

… technology will radically disrupt HR in the near future. Indeed, it is already changing the way HR works and the role it plays and opening the door to a new type of “digital HR” function.1 The rise of digital and social media is changing the dynamics of HR and creating new ways of hiring, engaging, and retaining employees.

time to read

4 mins

July-August 2017

The Smart Manager

The Smart Manager

The Story Of Telling

“The best brands are built on great stories,”* this remark by Ian Rowden best captures the strategy of diligent brand building. Much more than attractive logos or the products themselves, what builds a brand is how successfully a story is woven around it. Brand marketers have to be good storytellers indeed.

time to read

8 mins

July-August 2017

The Smart Manager

The Smart Manager

Complexity Is Simpler Than You Think

Kay Kendall and Glenn Bodinson, authors of Leading the Malcolm  Baldrige Way, shatter myths about excellence models such as Baldrige and EFQM.

time to read

6 mins

March/April 2017

The Smart Manager

The Smart Manager

Proponents of Isolation Never Become Victors

Multilateralism in the political and economic space has always led to frameworks that favor the mighty. WTO was no exception. With agriculture kept out of its purview, it could never become a truly fair and free trading system. China was the only large emerging economy that exploited relative openness in low-cost manufactured goods to take full advantage of the system. Other emerging economies could at best garner minor gains.

time to read

1 mins

March/April 2017

The Smart Manager

The Smart Manager

A History Lesson (From Year One) for Trump and the Brexit Crowd: Isolationism Has Never Worked!

Professor Stephane Garelli on growing isolationism.

time to read

3 mins

March/April 2017

The Smart Manager

The Smart Manager

A Win-Win Game

Business is not a sport where some stakeholder has to lose or fare badly for others to do well. Building an atmosphere of trust and transparency between all stakeholders will help companies retain them even during adverse times.

time to read

7 mins

March/April 2017

The Smart Manager

The Smart Manager

A Sustainable Model

With a total market value of $4.3 trillion and an employment base of at least 1.3 million direct employees and millions of others indirectly employed, platforms have become an important economic force.*Companies today are constantly looking for ways to build platforms—Infosys Ltd announced its plans of monetizing its platforms to make them a $2 billion business by March 2021. But are all platform businesses successful?

time to read

9 mins

March/April 2017

The Smart Manager

The Smart Manager

Custom Made

…three in four consumers said they receive too many emails from brands, and one-fifth said they could not handle the current volume…69 per cent have ‘unfollowed’ brands on social media, closed their accounts or cancelled subscriptions.*In these times, when the market is flooded with products and services, the most efficent way to engage customers is to offer them customized content. To achieve this, brands need to focus on observing the nuances of individual preferences.

time to read

5 mins

March/April 2017

The Smart Manager

The Smart Manager

A Fresh Start

Three experts reflect on their experience of pursuing a management development course and how it reshaped their journey.

time to read

3 mins

January/February 2017

The Smart Manager

The Smart Manager

Fighting The Trolls

The number of people who feel bad reviews have the power to make or break their business has risen from 17% (2014) to 21%. * However, most are struggling to find the right solution. Along with the benefits it provides, the internet also has a dark side. Today, it has become a cesspool of hatred where users openly abuse individuals or companies without any hint of shame or guilt. This culture of trolling has tarnished the brand image of several companies. It is time organizations anticipate such situations and design strategies to combat the menace.

time to read

5 mins

January/February 2017

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