Another gem from the ecsw newsletter. Fred Reicheld on loyalty:
There’s a paradox at the core of loyalty. Business is the pursuit of self-interest. Loyalty implies self-sacrifice. So business loyalty is an oxymoron. A customer is not going to be loyal to most organisations because most organisations have their own interest not the customer’s, at heart. When the Harvard Business Review was choosing a cartoon to illustrate a paper of mine on loyalty, they chose a dog.
I linked to this paper on wicked problems the other day and Chris Corrigan commented “there’s a lot in that paper eh?”. Which is true.
I’m experimenting with marketing less and listening more
Passion brands bring people together based on common interests and excitements. I’m particularly interested in ones created from the bottom up, as opposed to driven by producers concerned mainly with profit.
Just back from another extraordinary gathering at Medinge where the community that has produced Beyond Branding meets each summer. I was planning to keep this
Interesting research from Stanford suggests that exciting brands get more trusted after making mistakes and putting them right whilst more “sincere” brands start with more trust but lose it more easily. Perhaps the sensible interpretation is that second-guessing customers can be a waste of time!
Michael Hammer’s new book, The Agenda, is about the rise of customer power. But is customer-centricity really such a good model for business and society?
Thanks to Matt Tucker at Smith Associates for telling me about What Brand Are You. It strikes me that lots of companies waste money on
The AntiBrand: blackSpot sneakers, a project by Adbusters attacks Nike directly. In doing so they take on what has become one of the great icons
We live in a world of too much marketing and too much branding. People’s faith in advertising has fallen to new lows as we simply
So the Abbey National is rebranding itself this morning. As I write this entry, they are revealing their new look, their shortened name (just “Abbey”)
Jonah Lehrer has an interesting piece in Wired sticking up for the value of emotions. For thousands of years human beings have looked down on their emotions. We’ve seen them
Great writing from Tom Guarriello: Pillowmen reviewing a new show on Broadway (my emphasis). But we’re all in the entertainment business today. This means we’ll all be called upon to
Neil Perkin has a written a much better explanation than I could of our planned workshop, Agile Boot Camp. As you’ll see, we’re running a shameless mutual appreciation society but
Daniel Wolpert’s TED talk explores the exponential nature of tit for tat (or eye for an eye). We underestimate the force we generate when striking others. So when we think
