Archive for August, 2009

When the customer limits your development

Wednesday, August 26th, 2009

I did a quick note on the problems of not understanding your customer, or that THEY did not understand the questions you are asking them.

I just received some very interesting information from one of the professors here at BI, C. A. Solberg. This was also mentioned by professor, Eric Olson.

In a recent study done, concerning customer orientations, it might not be a good thing to actually have a two-way communication with your customer.

“It can even be dangerous” to quote on of them.

The reason might be that your customer does not have a single clue of what your are asking them to tell you, because they do not understand the products potential .

They mentioned a technological product, and an IT service.

If you are a producer of a technological product, you should try to have a two-way communication with your potential customers. They can give you important advise on how to develop the product.

However, if you are developing IT software, services etc., studies show that it actually sets you back more, or that by surveying your customer about future development, will set you more back financially than what you would generate from the study. This is because the common people tend not to have knowledge, or an understanding of what can be done. They might say – “Change the banner into red, instead of blue.” Not because that would make it better but because it is the only thing they can think of.

I am looking forward to read this report once I get my hands on it.

Quote #1

Tuesday, August 25th, 2009

Chance favors the prepared mind

Something my father always says, and now I even read it in one of the most important articles ever written concerning Marketing.

Communicating with Customer

Sunday, August 23rd, 2009

I glanced through my notebook just as I was about to o to sleep, and saw a notation I did a few days back. After reading through a couple of times, I decided that I should post it here, who knows, it might strike a chord somewhere.

If you ask a customer what it wants and the customer does not have an answer, that probably mean that:

  • The customer did not understand the question.
  • It has not idea what it can get.

These are two VERY interesting step stones for you as a company.

  1. It gives you a heads up what you are missing in your communication with your customer/clients.
  2. You can start showing what you are capable of.

Start communicating!

First Week

Sunday, August 23rd, 2009

First week of school is done. Sunday evening and I am exhausted. With the re-exam in Applied Economics, thousands of new impressions to analyze, and interesting people to talk to and interact with, it is obvious that I have a hard time keeping my eyes open.

As soon as the exam is out of the way, I can catch up on my reading, both school material and volunteer.

You should see the library, books on marketing, branding etc. It’s going to be a great stay here in Oslo

When dreams comes true

Wednesday, August 19th, 2009

Have you ever have to fight to hold back tears of joy while attending class?
I just did!
For now, New Product Development with Eric Olson might one of the best choices I ever made.

Academic articles

Tuesday, August 18th, 2009

Three of the courses that I’ll be taking this semester all includes at least 20 newly published articles, that is each!
That’s 40 more articles in one semester, that I have had in 3,5 years at USBE.
I briefly mentioned this to a teacher – I won’t repeat what he said, but it was true.
It’s interesting how things/companies/organizations shows their “colors” and market position by their ability to be open-minded, and how they recruit the best, all of the time.
I wouldn’t say that I’m complaining of what USBE has given me, but I’m affraid that they’ll b easing the wrong direction if they don’t change chains of thought, soon.

Social Media – Dare to be Stupid

Monday, August 17th, 2009

Brand-Man posted an interesting video. Watch it, and feel a bit smaller. This world is spinning faster and faster.

BI Master Courses

Friday, August 14th, 2009

I have been updating Safari on my iPhone all day just to see if I have been accepted to any courses here at BI. At total I asked for take five of them, and today was the day that they were to let us know.

biI got all five courses, which is more than I could have asked for. Add to this that all courses are between Monday to Thursday, and no one crash into the other. Win!

It also looks as if I won’t need to buy more than three books to these five courses, so if I’m lucky, I might have just a tad more money than I first thought.

Also, if I won’t have that much to read, I might just step by the library and borrow as many as I can. Did I mention that they have a HUGE selection of books on branding, marketing, leadership etc.? No? Well, they have!

Attached Files:

Göran Edman – 12 ways for Japanese insight

Monday, August 3rd, 2009

Just found a list of tips given by Göran Edman.

  1. Accept, enjoy, and respect our differences.
  2. Don’t believe the “impossible in Japan” message. Everything is possible, but it may take some time.
  3. Understand that risk minimization is an important part of all decisions
  4. Understand that there is volume in niches, and that there are enough for you to go around. Find and focus on your niche.
  5. To succeed one must enjoy. Take notes of all the different situations you encounter.
  6. Learn to love big cities like Tokyo. To know the city, you might have to go there a couple of times
  7. Take a ride on the Yamanote Line. Observe how people change depending of where you are.
  8. Do something that the Japanese themselves do.
  9. Ask, ask, and ask again. Everybody wants to answer, and everybody wants to give advises. Ask the same questions to many people and sooner or later you’ll get a more or less correct answer.
  10. Be provocative and be positive, by doing this you can shorten the road to success that means everything, and nothing.
  11. Listen, listen, and listen again. There are many messages, tips, and advises from your surroundings.
  12. Leave the bonucular at home, but pack a magnifying glass. Everything is in the details.

Fredrik Törn – Challenging Consistency

Monday, August 3rd, 2009

I do not know how much, but ask any professor in communication and s/he will tell you that any human being in the western world are attacked every day with different kinds of attention-seekers. Be it commercials, other humans, and what not.

Fredrik Törn released his doctoral thesis on “how established brands can enhance their strength, interestingness, and vitality.

All in all, it is six articles and I do believe he might have broken some new grounds in this one.

Notes:

Incongruent: When ad and brand are not corresponding with each other.

Quote from Keller on the importancy on maintaining consistency in ads:

It is important when building it, however, not crushial

It takes time to understand the incongruency

To uphold realism in a brand study, one should follow what McQuarrie (1998) found in order to get a result as close to reality as possible, using the

The Six Factors of Reality

  1. Advertisements are embedded and not the focus of attention
  2. Advertisements attempt to influence choice
  3. Advertisements are subject to competitive interference
  4. Advertisements must influence choice after a delay
  5. Advertisements may be repeated, and
  6. Much advertising is for familiar brands
  7. Effect of student sample (Fredrik Törn added!)

The methods which are successful to build brands equity (for new brands) may have to be revised when moved to enhance well established brands.

A brand with an incongruent connection between ad & brand will get more

  • Attention,
  • Emotional response,
  • there is a more sophisticated process of brand association,
  • a better brand recall
  • it is more latched into the viewers memory, and
  • the belief will be largely unchanged

Ad attitude and Brand attitude is weaker for familiar brands than for unfamiliar brands

An incongruent ad works less the second time, since the viewer has connected the ad to the brand, thus it is congruent in this person’s mind.

Though most studies done by mr. Törn showed that this will help a brand to be recognized and get attention, one study, however, showed that the brand attitude and the purchase intentions were remained unchanged.

Using an incongruent celebrity endorsement worked for market-leading brands, as well as for a second-tier brand, however, as with the other, the connection has to make sense. Tiger Woods being an endorser for diapers makes sense if people understand that he has children, but not if he’s a bachelor running around “getting tail and being protected”.