I try to make every fifth blog post about positioning. That means I write about positioning quite a bit. Not too long ago, a reader commented that I hadn’t innovated anything new. He pointed out that Al Ries and Jack Trout wrote the book on positioning, with the apt title, Positioning, back in the sixties. I was horrified at the implication that I was somehow plagiarizing their work. Far from it. I only attempt to spread the gospel. Positioning, as a tenet of marketing, is so completely accepted, and its prophets so highly revered, that I always take it as a given that readers know who they are and that they are true giants of marketing. After all, you don’t have to credit Marx and Engels every time you mention Communism. You don’t have to explain who Abbot and Costello are every time you reference the Who’s-On-First routine. Be that as it may, I’d like to take this opportunity to pen a brief appreciation of Messrs Ries & Trout – and celebrate their achievement, educating us on one of the most important marketing insights ever.
NOTE: This blog post is reprinted from December, 2016. Reading recommendations below and in sidebar are new.
In his incredibly valuable book, Grow, ex-Procter & Gamble Global CMO, Jim Stengel, identified the 50 fastest-growing companies worldwide – now, known as the Stengel 50 – and sleuthed out the one characteristic they all held in common, the one thing that explained their phenomenal growth. After a decade-long study, he found these businesses crossed all sectors and industries, originated from many continents and countries, subscribed to all manner of management philosophies, sourcing, hiring, manufacturing and distribution practices. In the end, he determined they shared only one trait – they all rooted their company values in what Stengel calls the “Five Fields of Fundamental Human Values.” That is, all 50 of these businesses declare, as their originating purpose, a dedication to one of five categories of values. Stengel purists may object, but we’ve found it helpful to simplify the assertion. Let’s just say every business has a purpose and there are five categories of purpose that can be associated with rapid growth. So the question then becomes, can your brand be positioned in a way that aligns with one of these five rapid-growth purpose categories?
Marketing 2020 – Organizing for Growth is a comprehensive global marketing leadership initiative led by Kantar (formerly Kantar Millward Brown) in partnership with some other leading organizations. Already, their research has turned up some interesting, if not surprising, insights. I should say the findings are actually unsurprising to those of us who have been studying […]
It’s clear to everyone by now that the auto industry is in the painful throes of explosive, disruptive change. Even the near future of the sector is difficult to predict. There are so many new forces impacting the industry, no one can yet say what a future car business will look like, or whether there will be one at all. The climate crisis is the primary “driver” of the change. It’s clear that auto emissions, worldwide, must be brought down. That leads to efforts to build fleets of electric vehicles even though it’s uncertain if the market for so many EVs now exists. It also inspires experimentation with hydrogen propulsion and other clean energy options. But that’s just the beginning. Safety concerns lead to experiments with much better-performing self-driving vehicles. When all this is perfected, one won’t need to own a personal vehicle. It will be cheaper, easier – and cleaner – to simply engage with a public transportation infrastructure, greatly reducing the number of vehicles sold each year. Where will that leave the car companies? And is this what the market wants? Artificial intelligence, nanotechnology, blockchain, internet of things, 5G networks – all these exciting new technologies are pushing and accelerating the transformation. The breadth and depth of this kind of market-transforming upheaval is sure to have profound effects on the auto brands – the shared relationships between the car companies and their markets. The big media companies are grappling with this kind of large-scale disruption too. What about where you work? Think your industry is immune? Of course not. You’re probably also already seeing the writing on the wall.
Open space. White space. Unclaimed territory. You often hear these metaphors when discussions of brand positioning are on the table. Obviously, no one is talking about actual geographic positions here. We’re talking about positions in the market’s collective mind, otherwise known as mindshare. But, mindshare alone, as valuable as it may be, is not enough. […]
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Week of November 23, 2020
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