Pages

Tuesday, August 23, 2011

Consolidation in market research industry when Ipsos buys Synovate

I met with a research professional and good contact today and heard the interesting news today that Ipsos has announced the acquisition of Synovate. This means that Ipsos will climb the ladder to become one of the biggest three market research agencies in the world behind the likes of Nielsen and Kantar group (TNS, Millward brown).

It will be interesting to follow the next steps and to understand how these two businesses are planning to merge their respective cultures and processes into one whole, and to see what they are going to sell as their key propositions to customers like you and me...


Enhanced by Zemanta

Wednesday, April 27, 2011

Measuring Brand Equity

When you work with brands you sometimes need to identify the ones worth the marketing bucks. I googled the Y&R Brand Asset Valuator approach today which is a method I used years ago when working on this topic. And I came across this quite interesting slideShare presentation which worked as a useful reminder of the many different approaches out there... Some I believe to be better than others. Enjoy!

Wednesday, April 20, 2011

Knorr - Bag of Taste, clever new concept by Unilever

Just saw the Knorr 'Bag of Taste' ad on the telly and just had to write a short note to say that I love this new concept by Knorr. During recent years we've already seen a couple of good launches by Knorr and they appear to be on the perfect path to growth.

I also believe that Unilever has done a good job revitalising the Knorr brand and I see the 'Bag of Taste' as yet another evidence that they have great new concepts in the pipeline, concepts with benefits that are built on real consumer insights and that will help the Knorr brand to climb on the value ladder.

Sunday, April 10, 2011

Wolf brings Swedbank brand back on track?

Yesterday I had the privilege of attending 'Stora Annonsördagen', an event organised by the Swedish Advertisers federation. CEOs of some of Swedens largest corporations were talking about the importance of strong brands, brand equity, brand values, living the brand and communicating the brand. Surely bound to be some topics that you rarely hear them mention on a day to day basis.

Swedbank logo
The recent Swedbank brand and communication story was a particularly interesting case told by Swedbank CEO Michael Wolf. For those out there who don't know Swedbank it is the largest retail bank in Sweden but it also has significant presence in the Baltics. In fact, it was the recession and especially the bad debt in the Baltics that caused particular turmoil. It was at the beginning of 2009 when Swedbank was in serious trouble and had to be saved by the loan guarantees by the Swedish state. And the crisis and all the accompanying bad press had a negative effect on the Swedbank brand trust and credibility. This is when Mr Wolf took over as the CEO.

Today the situation is quite different. Sweden is in growth again and the horrible year of 2009 is 'almost' forgotten. Swedbank has impressed markets with reported net profits of SEK 7.4 billion for 2010 increasing from a net loss of SEK 10.5 billion for 2009. This is of course good. However, the ambition of Mr Wolf was not only to impress financial markets, but also to restore consumer confidence in Swedbank as a brand and retail bank. And Mr Wolf followed a textbook recipe for how to get the Swedbank brand back on track: 

First step: To identify the essence of the brand - the brand values & the brand difference
Swedbank is the result of many mergers in the Swedish bank industry, and of making something large and significant out of smaller, regional financial institutions. These smaller banks were deeply rooted in the Swedish culture and values, but somehow those values got lost as the bank grew bigger and bigger. And they sure were not guiding the risk taking in the Baltics. But following the crisis Swedbank realised that they must restore and strengthen the values within the corporation, and 'live those values' both internally and externally. The values identified as core to Swedbank were: Simplicity, Transparency & Caring. Values that are not unique per se, but which will work as guidance as Swedbank work to identify its point of difference. Mr Wolf explained that the values will be the guiding force to find brand differentiation. The Swedbank differentiation will come, as Mr Wolf put it: -"by delivering the values through concrete services and products".

Second step:  To go back to core strength in market
The old Sparbanken oak symbol
The second and very important thing that Swedbank realised, and something that Mr Wolf did not talk about too much, but which is of significance to the brand. Is to go back to the core of what is Swedbank in the eyes of their Swedish customers and target group. This goes way back in time...  and to some very fundamental brand stories and symbols. As mentioned before Swedbank is the merged result of many small and regional 'saving banks'. One of those banks was Sparbanken, who utilised an oak as a strong symbol of the benefits of saving. And this oak is still remembered in a positive light by many older customers. When later 'Föreningssparbanken' became the international bank of Swebank the oak was still left in the logo but with little meaning for new customers. After years of excess, Swedbank is now going back to the oak, and what it stands for in terms of being careful with spending, and saving for the future.

Third step: Setting a new communicaton strategy
The third and significant step was for Swedbank to find a way to communicate that it has taken a new path, and restoring trust in the Swedbank brand. Swedbank worked with swedish agency Lowe Brindfors and UK agency Aardman to identify a new communication platform and concept called 'under the oak'. And the result was this new commercial currently running on Swedish television.

The target is for Swedish customers to get to know Swedbank again. And this ad has received a lot of positive reactions in Sweden, and it has also tested well when Swedbank has tracked reactions in the market. This new communication concept is apparently developed to have a lifespan of at least five years. And I'm already looking forward to follow the next step of the work that is being done to restore the trust in the Swedbank brand.

So all in all I was impressed by the brand and marketing work that is going on at Swedbank. And I was glad to hear that Mr Wolf talked about these issues as important for the bank going forward. I'm convinced that we will see a future where people won't be as loyal to their banks as they are today. If banks misbehave we will see people switching banks more often, and banks will have to work harder to keep relevant. The work that Swedbank is doing today is going to serve them well when this open marketspace is a reality.












Enhanced by Zemanta

Monday, April 4, 2011

Ice-cream creation - Cold Stone Creamery is living its vision

A neon sign for the Cold Stone Creamery at Irv...I wonder what it is in the North American gene or environment that makes so many Americans creative and unafraid of challenging the norm. This time this thought of mine awoke when I spotted how something old and simple was reinvented into something new and awesome. And it was all related to one of my favourite foods - ice-cream and the great ice-cream experience of Cold Stone Creamery.

I enjoyed this experience during my recent holiday in Dubai. One of the many lavish hotel experiences was the Atlantis hotel where I had the privilege of having lunch and then experiencing one of their ice-cream creations for dessert. Believe me, for anyone who likes a decent ice-cream this is the business!

ice cream lunchThe Cold Stone ice-cream is not just ice-cream. It is an ice-cream experience where fun and entertainment is joining force with incredibly tasting ice-cream flavours and creations. And the ice-cream is not just ice-cream anymore but instead it becomes the carrier of a broad variety of fantastic fillings, and it's all crushed, created and customised on a granite stone. All to meet your individual ice-cream desires. Mmmm....  what a treat! On their website they say: "Ever since we opened our first store back in 1988, we’ve been serving up what we refer to as Creations" And what I've seen and tasted is certainly delivering on this brand promise.


I love the fact that Cold Stone Creamery have created a real ice-cream experience, that both adults and children can enjoy. All details are carefully organised to deliver your kind of ice-cream creation.






Enhanced by Zemanta

Tuesday, March 15, 2011

Rejuvenating a stagnated brand the P&G way - Old Spice

Today I had the great privilege of attending the DLF event 'Innovation & Successful Product Launches' held at Rival hotel in Stockholm. I must say that I was very impressed by the quality and variety of the presentations held during the day - so great work DLF team!

One particular fun part was the 'Old Spice' story told by Tony Durham of P&G. So why not sharing it with you? For me it's a fantastic story of how to use insights to rejuvenate a rather stale and boring old brand, that many consumers had forgotten about. P&G follow a first class innovation process of identifying great insights, and then acting on those. In the case of 'Old Spice' their insight was that "women buy female scented shower gels for their husbands" i.e. most guys walk around smelling of female fragrance... This insight was utilised as a startpoint for a new brand and communication platform for 'Old Spice' and the result was this creative communication featuring the 'Old Spice man'.


The focus on the communication was viral. Apparently the ad was placed on Youtube and via twitter and youtube it was spread with a speed that is nothing but incredibly impressive. I'm not sure I believe this figures myself... but Tony did say that the ad had 23m views within 26hours, and 200m views today on Youtube. Incredible! I'm an awe.... Of course the activities were linked to an Old Spice website and instore activities.

The 'Old Spice Man' since became a real cult and a persona was developed who interacts with its followers. A fun way of interacting was by creating 'Personal adverts' to respond to consumer questions or requests. A particularly fun request was the 'Marriage Proposal' request that Tony also shared during his speech. See this one below as well.


This P&G example is a creative and innovative way of breaking the rules and using insight to rejuvenate a brand that has somewhat become stale been forgotten. I hope you enjoyed this story.

Sunday, March 13, 2011

Clever awareness building and product trial tactics - Mutti tomatoketchup

Just yesterday I wrote about the Middagsfrid offer, and me for the first time trialing their offer of (hopefully) stress free mid-week dinner solutions. The load of groceries and recipes arrived today and I was delighted not to have to think up anything to have for dinner this week. What a saviour!

A thing that surprised me though was the Mutti tomatoketchup in the load... I scanned the recipes to see where it ketchup was needed but saw nothing...Well, when turning the recipe page there was a short little notice of 'This weeks Bonus product'. This was of course the Mutti ketchup. There we had the answer, and a clever trick of Mutti and other brands to reach the Middagsfrid target group of time-starved city folks. Great way to reach out to new users through a tactic that will delight and surprise. I already look forward to receive the next 'Bonus'.

Saturday, March 12, 2011

The Swedish version of online food shopping - Dinner Solution Shopping

When I lived in the UK I was a keen online grocery shopper with Sainsburys. It was great to be able to avoid the crowds in the supermarket for a mere 5 pounds delivery charge per week. Online food shopping saved me a lot of time and frustration. Online grocery shopping in Sweden is not as developed as in the UK, so these days I'm spending a few frustrated hours in the grocery store most weekends. However, in Sweden another food service solution is growing strongly. 'Dinner solutions deliveries' are all you need one per week pack of ingredients and recipes (for 5 or 3 dinners per week) delivered to your door through the likes of Middagsfrid and Linas Matkasse.

These companies sell pre-planned dinner solutions for time-starved Swedes. This has been a recipe of success so far as customers only popped up just a few years ago, but now have thousands of customers across the big city regions of Sweden. The customer benefit is dinner planning and dinner shopping in a very simple way. And the solution also offers healthy and new taste experiences on the dinner table, also during weekdays when most people don't have the time or the energy to plan their dinners in detail.

I've finally signed up as a customer of Middagsfrid and from next week I look forward to trying their offer of dinner solutions. The only problem for me is that I still have to cook... I'm not the most enthusiastic cook during the week when I'm tired after a long day at work. But what I do look forward to experience are new kinds of taste experiences, new inspiration and new kinds of food on the dinner table.

I'm convinced that the need for ready food solutions, ready dinner-kits and simple food solutions are going to grow more and more in Sweden. And look forward to following the service innovations within this field over the coming years, whilst hopefully trying many of them personally as well.

Tuesday, March 1, 2011

Snickers satisfies - strong new communication platform anchored in target group and need state


 It was my hubby who first commented on the greatness of this commercial. It's not often that he says 'loved that!' about ads so this time it really made me reflect on the greatness of the new Snickers communication concept. What is it that makes it so great and spot on? I would like to point to three things:

1. Snickers knows its target group
The bulls-eye communications target of Snickers is clearly men aged something around 25-35 years old. Guys who are adults but still non committed. Active guys who enjoy sports and a having a banter with their mates.

Snickers have clearly done their homework and anchored the brand to a target group. This is good, sophisticated marketing practice.

2. Snickers have anchored the brand to a consumer need - satisfying hunger, filling you up
The recent ads from Snickers are so spot on because they are relevant. We all recognise the situations when our blood sugar levels are low and we need to fill up with something to keep us going and avoid getting grumpy or irritated. Identifying the needstate where there's potential to anchor a brand like Snickers have done give you potential to gather fantastic and deep emotive insights onto which one can then build strong communication concepts. The team behind Snickers have done their homework well.

3. Turning insights into Action - strengthened positioning and powerful Marcom concept
Last but not least. It takes a lot of work to turn insight into action and it takes a lot of creative skill to turn brand strategy and insights into great creative. The team behind Snickers deserve a bow. From a quick google search it appears to be top agency TBWA who should be proud of themselves. As well as the Snickers brand team of course.

My conclusion? Well, I do think that this work is some of the most spot on brand, insight and communication work I've seen in a long time. And I do think that this work will have a positive effect on global Snickers sales. I'm fairly sure my hubby will chew down a few...