While admittedly, Zipcar still has a ways to go financially, most agree that it redefined the Rental Car Market by offering consumers hassle-free “wheels when you want them”…
With success in hand and a recent IPO in April 2011 valuing the company at over $1 billion, Zipcar offers marketing and branding lessons for Pharma that transend the car rental market:
1. Start-ups create new markets, or they don’t survive. Zipcar didn’t chase the existing car rental market at airports with incremental change, they imagined a new market—car rentals by the hour, 5-10 minutes from where you live or work. Zipcar didn’t depend on market data (it doesn’t exist for a non-existent market) or simply asking consumers what they want, which often biases companies toward incremental improvements of current solutions. To quote Henry Ford, “If I had asked customers what they wanted, they would have said a faster horse.” [What Zipcar Can Teach The S&P 500 Business Week and HBR May 2011] Continue reading →
Kick-Ass Digital Brand Strategy- It’s not about technology. It is about creating opportunities for the brand/company to build deeper relationships. Digital strategy must integrate into the brand strategy and strengthen the brand’s core promise.
Creating and Leveraging a Digital Brand Strategy requires new skills and a discipled, fluid process. Follow these six steps to greater success.
Five Imperatives to Boost Your Digital IQ- Concentrate your learning on these five critical success factors for today’s marketplace, starting with 1) designing content strategy, 2) delivering ‘perfect fit’, 3) thinking digital ecosystem, 4) fostering community and 5) getting over ‘lack of control’. Are there are others that you might suggest?
Go. Initiate. Enchant.- Health is Social- Try something new!
The challenges of INTEGRATION and how to best keep the brand’s core promise front and center appear to be top-of-mind to Pharma right now.
Here’s my take after reading Delivering Happiness: A Path To Profits, Passion, and Purpose by Tony Hsieh CEO, Zappos.com, Inc. While it’s true that Zappos lives in a less regulated business environment than the pharmaceutical and healthcare industry, Tony’s standards for communicating with consumers are now part of the context of our work. Patients have come to expect Zappos- level experiences. This blog accepts that challenge: what might a pharma company or hospital might look like if Tony were CEO…
Eight marketing insights for Pharma (or any healthcare or consumer business for that matter):
1. Are you sitting at the right table? If not, it’s never too late to change! It’s easy to get caught up and engrossed in what you’re currently doing, and forget that you even have the option to change tables. It’s also easy to overlook that the game starts even before you sit down in a seat… Don’t let inertia win, be sure you’re playing in the right game—one that you can both win at and fulfills your goals.
While Tony learned this lesson during a phase of heavy poker play, he switched tables quite a few times during his life, and certainly for Zappos, they switched tables when they shifted the company strategy to focus on customer service and experience as a brand differentiator. It caused a shift in their business model from one of drop-shipping to one of carrying their own inventory so that they could be in control of their customers’ experiences…What’s the game your pharma co is playing? Continue reading →
This has been quite a year for pharma and marketers: big market changes and budget cuts, not to mention a continued explosion of noise, with less time to absorb and respond.
As we head into quarter 4, I’ve been asking myself,
What disciplines would take good care of our brands in this vulnerable moment?
Creativity gives the brand wings. David Ogilvy is famously quoted, “Give me the freedom of a tight creative brief.” When the strategic core is strong, it serves as a foundation to produce the richest creative that can make your brand soar. The triangle’s three points: meaning to consumers; elegance and balance; and rigorous execution act as foundational questions to help marketers check-in with their brand and test new strategies and tactics.
On vacation, I was struck by these two very different brand promises for two successful restaurants. Like any brand, the promise goes deeper than any visual signage, but also takes in the product, touches and surround…the first impression of the exterior, the number of participants, the location etc. For example, one restaurant was in the heart of ‘fried clam country’ (Ipswich and Essex MA) and the other was in a fishing port (Salem MA), further contributing to the believability of their brand promises.
We ate at the Clam Box, and I can understand how it’s been in business since 1935…awesome ‘chowda’ and fried claims-not to mention efficient and friendly service- And with an exterior that looks like a ‘clam box’, I dare say that it differentiates itself among the many fried clam restaurants in the area…
We didn’t get to eat at the Lobster Shanty, but we wanted to with a promise of ‘cold’ beer, ‘great’ food and ‘friendly’ people…and of course it was jammed…
How strong is your brand promise? Is it differentiated? Does it come to life with each touch?
Happy Fourth of July from Sarasota, Florida…Home of one of the greatest American iconic images ever!
“Unconditional Surrender,” a 25-foot, 6,000 pound statue created by world-renowned artist J. Seward Johnson, commemorates perhaps the most famous image of World War II victory–“Unconditional Surrender” is a three-dimensional interpretation of a photo taken by Alfred Eisenstaedt of a Sailor kissing a nurse in Times Square, New York City on Aug. 14, 1945, following the announcement of V-J Day.
“This statue brings back so many memories of peace, love and happiness,” said Edith Shain, the nurse memorialized in Eisenstaedt’s photo. “There is so much romance in the statue; it gives such a feeling of hope to all who look at it.”
“During the moment of the kiss I don’t remember much, it happened so fast and it happened at the perfect time. I didn’t even look at the Sailor who was kissing me,” Shain continued. “I closed my eyes and enjoyed the moment like any woman would have done.”
To many this sculpture represents hope and freedom…And is a great example of the power of icons for branding and marketing elegance…
It’s a great addition to the Sarasota landscape.
Enjoy your July 4th! …And don’t forget to give someone a KISS!