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	<title>Stephanie Fierman - Marketing Observations Grown Daily &#187; branding</title>
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	<link>http://www.stephaniefiermanmarketingdaily.com</link>
	<description>Business guru Stephanie Fierman shares thoughts from the world of marketing and consumerism</description>
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		<title>Makes Me Wanna Copy Something</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/xerox-ads-leverages-client-stories-stephanie-fierman.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/xerox-ads-leverages-client-stories-stephanie-fierman.php#comments</comments>
		<pubDate>Tue, 09 Aug 2011 13:28:46 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[ad agency]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=960</guid>
		<description><![CDATA[I want to give a big hat tip to Xerox and its global ad campaign from Y&#38;R. Launched in the fall of 2010, the campaign explains that Xerox can handle all of a company&#8217;s (your company&#8217;s) business and document management needs so it can focus on its &#8220;real business.&#8221; These ads are so pitch-perfect that I [...]]]></description>
			<content:encoded><![CDATA[<p>I want to give a big hat tip to <a href="http://xerox.com">Xerox</a> and its <a href="http://news.xerox.com/pr/xerox/xerox-launches-global-marketing-campaign.aspx">global ad campaign</a> from <a href="http://realbusinessatxerox.blogs.xerox.com/2011/08/04/reframing-productivity/">Y&amp;R</a></a>.</p>
<p>Launched in the fall of 2010, the <a href="http://blogs.forbes.com/melaniewells/2010/09/01/xerox-brands-ad-campaign/">campaign</a> explains that Xerox can handle all of a company&#8217;s (your company&#8217;s) business and document management needs so it can focus on its &#8220;<a href="http://realbusiness.com">real business</a>.&#8221;</p>
<p>These ads are so pitch-perfect that I actually stop and watch them whenever they come on the tube.  Pithy without being obnoxious, demonstrating an exxagerated situation that still gets the point across, fantastically cast with actors whose mere head tips communicate everything you need to know&#8230;</p>
<p>Well done. <a href="http://www.adweek.com/adfreak/yr-welcomes-other-brands-xerox-ads-12264">Not everyone </a>agrees, but I don&#8217;t have a theoretical issue with two brands in an ad if (a) they&#8217;re there for a reason and (b) the supporting brand doesn&#8217;t eclipse the primary advertiser.  I think we&#8217;re good here.</p>
<p>Here are my two favorites.</span><br />
<span><br />
<a href="http://news.xerox.com/pr/xerox/xerox-launches-global-marketing-campaign.aspx"><strong>XEROX AND MARRIOTT</a>: &#8220;I can&#8217;t hear you because I&#8217;m also making you a smoothie!&#8221;</strong></p>
<p><object width="450" height="280"><param name="movie" value="http://news.xerox.com/tools/videoplayer2.swf" /><param name="flashvars" value="root=/pr/xerox/&#038;fileId=111581&#038;sRoot=/cds/public/xerox/electronic/&#038;l=2&#038;enableExternal=false&#038;parentUrl=http://news.xerox.com/pr/xerox/xerox-launches-global-marketing-campaign.aspx"/><param name="allowFullScreen" value="true" /><embed src="http://news.xerox.com/tools/videoplayer2.swf" type="application/x-shockwave-flash" width="450" height="280" allowFullScreen="true" flashvars="root=/pr/xerox/&#038;fileId=111581&#038;sRoot=/cds/public/xerox/electronic/&#038;l=2&#038;enableExternal=false&#038;parentUrl=http://news.xerox.com/pr/xerox/xerox-launches-global-marketing-campaign.aspx"/></object></span><br />
 <span><br />
<span><br />
<a href="http://news.xerox.com/pr/xerox/xerox-launches-global-marketing-campaign.aspx"><strong>XEROX AND DUCATI</a>:  &#8220;Are you busy!?&#8221;</strong></p>
<p><object width="450" height="280"><param name="movie" value="http://news.xerox.com/tools/videoplayer2.swf" /><param name="flashvars" value="root=/pr/xerox/&#038;fileId=111582&#038;sRoot=/cds/public/xerox/electronic/&#038;l=2&#038;enableExternal=false&#038;parentUrl=http://news.xerox.com/pr/xerox/xerox-launches-global-marketing-campaign.aspx"/><param name="allowFullScreen" value="true" /><embed src="http://news.xerox.com/tools/videoplayer2.swf" type="application/x-shockwave-flash" width="450" height="280" allowFullScreen="true" flashvars="root=/pr/xerox/&#038;fileId=111582&#038;sRoot=/cds/public/xerox/electronic/&#038;l=2&#038;enableExternal=false&#038;parentUrl=http://news.xerox.com/pr/xerox/xerox-launches-global-marketing-campaign.aspx"/></object></p>
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		<title>Trump Is Just Being Trumpy</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/trump-is-just-being-trump-stephanie-fierman.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/trump-is-just-being-trump-stephanie-fierman.php#comments</comments>
		<pubDate>Thu, 28 Apr 2011 01:52:09 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Reputation management]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[US economy]]></category>
		<category><![CDATA[word of mouth]]></category>
		<category><![CDATA[wretched excess]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=931</guid>
		<description><![CDATA[Today, I was asked what effect Donald Trump&#8217;s supposed presidential run is having on his personal brand. In my opinion, Trump&#8217;s flirtation with the presidency doesn&#8217;t impact his brand value one way or the other.  This is because – whether he originally intended it or not – Trump has had a bifurcated brand for years. [...]]]></description>
			<content:encoded><![CDATA[<p>Today, I was asked what effect Donald Trump&#8217;s supposed presidential run is having on his <a href="http://online.wsj.com/article/PR-CO-20110421-902911.html">personal brand</a>.</p>
<p>In <a href="http://twitter.com/stephfierman">my opinion</a>, Trump&#8217;s flirtation with the presidency doesn&#8217;t impact his brand value one way or the other.  This is because – whether he originally intended it or not – Trump has had a bifurcated brand for years.<a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2011/04/donald-trump.jpg"><img class="size-medium wp-image-932 alignright" title="donald-trump" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2011/04/donald-trump-300x300.jpg" alt="" width="113" height="109" /></a></p>
<p>Trump has a business side and a <a href="http://www.washingtonpost.com/opinions/donald_trumps_circus_act/2011/04/26/AFFHwxsE_story.html?wprss=rss_homepage">farcical</a> side. The farcical or &#8220;personality&#8221; side is what&#8217;s enabled him to create (and – <em>hello</em> – <a href="http://www.accesshollywood.com/celebrity-apprentice-contestants-talk-donald-trumps-possible-presidential-bid-donald-trump-jr-praises-his-fathers-political-abilities_article_47168">publicize</a>) entertainment properties, because it drives him to behave in an entertaining way.  In his real life, he&#8217;s a paunchy, <a href="http://www.google.com/imgres?imgurl=http://3.bp.blogspot.com/-bQf_HixCsxA/Ta3Qh4O900I/AAAAAAAAFAc/YuFVdcLoVn8/s1600/donald-trump.jpg&amp;imgrefurl=http://zennie2005.blogspot.com/2011/04/oklahoma-city-bombing-and-donald-trump.html&amp;usg=__ArPVG7sTD2aUry5-zDrKxmz4xRg=&amp;h=400&amp;w=400&amp;sz=26&amp;hl=en&amp;start=16&amp;sig2=XC5CQr9mLcUKsv1IaWKR0g&amp;zoom=1&amp;tbnid=lEkKM27Vzwg-pM:&amp;tbnh=147&amp;tbnw=163&amp;ei=Pce4Tf76D6SN0QH82-HnDw&amp;prev=/search%3Fq%3Ddonald%2Btrump%26hl%3Den%26biw%3D978%26bih%3D637%26gbv%3D2%26tbm%3Disch0%2C637&amp;itbs=1&amp;iact=hc&amp;vpx=486&amp;vpy=153&amp;dur=748&amp;hovh=225&amp;hovw=225&amp;tx=121&amp;ty=113&amp;page=2&amp;ndsp=16&amp;ved=1t:429,r:8,s:16&amp;biw=978&amp;bih=637">weird-haired</a> real estate guy, so to be entertaining, he <span style="text-decoration: underline;">needs</span> to be over the top.  <a href="http://www.familycourtchronicles.com/philosophy/spartan/spartan-brad-pitt.jpg">Brad Pitt</a> can just stand still and attract attention; Trump cannot. Donald&#8217;s got to jump up and down to draw interest.</p>
<p>This means that people expect to see Trump behaving in an outlandish sort of way, so his &#8220;presidential bid&#8221; isn&#8217;t new news: it&#8217;s just The Donald being wacky again.</p>
<p>Therefore, his recent jaunt through Kookytown (a) doesn&#8217;t impact people who expect it (and that would be everyone by now), and (b) wouldn&#8217;t put off anyone who actually wants to do <em>real</em> business with the Trump Organization (those who ignore stunts and would be interested only in the deal they were getting), so&#8230; this is <a href="http://en.wikipedia.org/wiki/Donald_trump">Donald Trump</a> status quo.</p>
<p>Let&#8217;s clarify: I loathe what&#8217;s happening and agree with <em>The New Yorker&#8217;</em>s <a href="http://www.newyorker.com/online/blogs/newsdesk/2011/04/trump-birtherism-and-race-baiting.html">David Remnick</a> regarding the reasons for Trump&#8217;s behavior.  But that wasn&#8217;t the question and, unfortunately, our pseudo-celebrity culture – in which many don&#8217;t think any deeper about a person&#8217;s character than what <a href="http://abcnews.go.com/Entertainment/lindsay-lohan-calls-attention-white-dress-absurd/story?id=12884737">dress she wore to court </a>– will simply bump along the surface before moving on to its next source of amusement.</p>
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		<title>Luxury Auto Ads On Auto Pilot?</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/cadillac-audi-share-positioning-stephanie-fierman.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/cadillac-audi-share-positioning-stephanie-fierman.php#comments</comments>
		<pubDate>Mon, 17 Jan 2011 13:55:31 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[ad agency]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[luxury]]></category>
		<category><![CDATA[market research]]></category>
		<category><![CDATA[US economy]]></category>
		<category><![CDATA[wretched excess]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=866</guid>
		<description><![CDATA[Do you think that Cadillac and Audi know they&#8217;re running nearly identical ads?  Cadillac describes its positioning as &#8220;red blooded luxury,&#8221; Audi &#8220;progressive luxury&#8230;&#8221; I&#8217;m afraid it&#8217;s a &#8220;you say potato&#8230;&#8221; kinda thing, at best.]]></description>
			<content:encoded><![CDATA[<p>Do you think that <a href="http://www.youtube.com/watch?v=4BnRkgb4OWU&amp;feature=player_embedded" target="_blank">Cadillac</a> and <a href="http://www.youtube.com/watch?v=fJnaOPzZ_pQ&amp;feature=player_embedded" target="_blank">Audi</a> know they&#8217;re running nearly identical ads?  Cadillac describes its positioning as &#8220;red blooded luxury,&#8221; Audi &#8220;progressive luxury&#8230;&#8221;</p>
<p>I&#8217;m afraid it&#8217;s a &#8220;you say potato&#8230;&#8221; kinda thing, at best.</p>
<p><object width="440" height="290"><param name="movie" value="http://www.youtube.com/v/4BnRkgb4OWU&#038;rel=0&#038;hl=en_US&#038;feature=player_embedded&#038;version=3"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/v/4BnRkgb4OWU&#038;rel=0&#038;hl=en_US&#038;feature=player_embedded&#038;version=3" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="440" height="290"></embed></object><br />
<span><br />
<span><br />
<object width="440" height="290"><param name="movie" value="http://www.youtube.com/v/fJnaOPzZ_pQ?fs=1&amp;hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/fJnaOPzZ_pQ?fs=1&amp;hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="440" height="290"></embed></object></p>
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		<title>I Guess It Depends</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/i-guess-it-depends-stephanie-fierma.php</link>
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		<pubDate>Mon, 10 Jan 2011 12:11:14 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[market research]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[stephanie fierman]]></category>
		<category><![CDATA[women]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=851</guid>
		<description><![CDATA[Disclaimer: I am shooting my mouth off here and have seen none of the research that, no doubt, Kimberly-Clark completed and relied upon before launching this product extension.  Please proceed accordingly. I saw a couple new television ads recently for &#8220;Depend Underwear in colors.&#8221; We&#8217;re talking about the product that provides an &#8220;underwear-like experience&#8221; for [...]]]></description>
			<content:encoded><![CDATA[<p><em>Disclaimer</em>: I am shooting my mouth off here and have seen none of the research that, no doubt, <a href="http://www.kimberly-clark.com/" target="_blank">Kimberly-Clark </a>completed and relied upon before launching this product extension.  Please proceed accordingly.</p>
<p>I saw a couple new television ads recently for &#8220;<a href="http://www.dependpress.com/" target="_blank">Depend <span style="text-decoration: underline;">U</span>nderwear in colors</a>.&#8221; We&#8217;re talking about the product that provides an &#8220;underwear-like experience&#8221; for those who maybe need a little more protection for whatever reason.<img class="size-medium wp-image-856 alignright" title="Depend ad Stephanie Fierman" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2011/01/Depend-ad-Stephanie-Fierman-300x113.jpg" alt="" width="300" height="113" /></p>
<p>Fine, no problem.  I&#8217;m looking at this product, its attributes, benefits and other market characteristics as I would any other.</p>
<p>My curiosity focuses on this new product line, in particular, and its supporting advertising.</p>
<p>When I saw the ads, I wasn&#8217;t sure what I was looking at, although what I was seeing was certainly derivative.  The ad targeting women looked exactly like a tampon (or &#8220;feminine wash&#8221; -<em> ick</em> &#8211; ad), with gals frolicking and going about their carefree lives, confident that they no longer worry about something going awry.  And the men&#8217;s ad looked a lot like a Viagra commercial, with men smiling knowingly at each other on the street, strutting along as if the result of using this product was most certainly going to be an intimate experience.  One of the men actually winks at the camera.  <em>Winks!</em></p>
<p>My question is this (here comes the &#8220;shooting my mouth off&#8221; part): assuming the &#8220;<a href="http://www.dependpress.com/downloads/Depend%20Underwear%20in%20Colors%20and%20Prints%20FAQ.pdf" target="_blank">engineering</a>&#8221; in the product is identical to the existing Depend SKUs, how much more market share can K-C expect to gain by creating a <a href="http://www.us.depend.com/" target="_blank">Depend</a> line in colors and prints? <br />
1. It would seem to me to be a product that you buy because you need them (not want them), so how many <span style="text-decoration: underline;">more</span> units could or would an existing user really buy?<br />
2. Because of the seemingly non-optional nature of the purchase, how many people who would benefit from an adult incontinence underwear product - but who do not <span style="text-decoration: underline;">currently</span> purchase any - would suddenly be motivated to do so because there&#8217;s an option that comes in colors?<br />
3. How much market share is there to be stolen from <a href="http://www.medicalwest.com/incontinence/moderate-to-heavy-protection/protective-underwear" target="_blank">other manufacturers</a>? K-C claims to be the global leader in the adult incontinence category (a <a href="http://www.dependpress.com/downloads/Depend%20Underwear%20in%20Colors%20and%20Prints%20FAQ.pdf" target="_blank">$1.3B </a>category in North America), prices don&#8217;t appear to be crazily strewn across the board, and it seems to me that a user of a non-Depend incontinence product isn&#8217;t likely to switch just because s/he can now get her protective panties in stripes.  Seems like it could be a high-involvement, potentially scary switch to make.<br />
4. Are you that much more likely to be comfortable taking your clothes off in front of someone else (or your own mirror) because your underwear is blue instead of white?  And how many consumers would view an estimated <a href="http://www.dependpress.com/downloads/Depend%20Underwear%20in%20Colors%20and%20Prints%20FAQ.pdf" target="_blank">50%</a> price hike as being worth it? <br />
5.  K-C believes that <a href="http://newsblaze.com/story/2010030905160200005.pnw/topstory.html" target="_blank">boomers’ product expectations</a> are &#8220;much higher than those of past generations.” Good enough, but that doesn&#8217;t change the &#8220;rational&#8221; buying characteristics of the marketplace.<br />
6. An article about the launch says that new packaging provides a more &#8220;<a href="http://www.packagedesignmag.com/content/kimberly-clark-introduces-new-depend-underwear-colors-and-prints" target="_blank">dignified shopping experience</a>,&#8221; but I&#8217;m not going there. If that&#8217;s the issue, they could have transformed the old packaging.</p>
<p>The company&#8217;s VP of North American feminine and adult care brands says that consumers want to stay in their own underwear, so &#8221;we want to make our Depend products as much like underwear as possible.”  </p>
<p>That&#8217;s nice.  And it&#8217;s possible that the &#8220;<a href="http://www.boston.com/bostonglobe/ideas/brainiac/2010/12/dan_ariely_expl.html" target="_blank">irrational</a>&#8221; or emotional elements of the buying process are far stronger than they would appear to be.  There are also reasons that companies develop line extensions that don&#8217;t require the new product to be a home run to be successful.  K-C clearly has some reason to believe that its new fashionable line will help it &#8211; as the company likes to <a href="http://depend.com/mens-solutions" target="_blank">tell men</a> &#8211; &#8220;control the room.&#8221;</p>
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		<title>Elegance and Permission</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-ethan-allen-soothes-recession-anxiety.php</link>
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		<pubDate>Mon, 15 Nov 2010 13:13:17 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[ad agency]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[luxury]]></category>
		<category><![CDATA[US economy]]></category>
		<category><![CDATA[women]]></category>
		<category><![CDATA[wretched excess]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=806</guid>
		<description><![CDATA[In a way, true luxury brands have it easy. There may be reasons that your customers don&#8217;t buy, but not having the money isn&#8217;t one of them. But what about upscale-but-not-quite-luxury brands that sell goods that truly are a considered purchase for their target audiences? Such was my thought when I spotted the Ethan Allen [...]]]></description>
			<content:encoded><![CDATA[<p>In a way, true luxury brands have it easy. There may be reasons that your customers don&#8217;t buy, but not having the money isn&#8217;t one of them.</p>
<p>But what about upscale-but-not-quite-luxury brands that sell goods that truly<em> are</em> a considered purchase for their target audiences?</p>
<p>Such was my thought when I spotted the <a href="http://ethanallen.com" target="_blank">Ethan Allen</a> store at 60th Street and 3rd Avenue in New York last week.  Ethan Allen makes very nice, albeit expensive furniture. When I was growing up, my mother sometimes insisted on buying Ethan Allen because it would &#8221;last forever&#8221; and was, therefore, worth the sticker shock.</p>
<p>What caught my eye was the type in the front two windows. The first said, &#8220;It&#8217;s ok to buy one piece at a time. That&#8217;s how we build it,&#8221; and the other said, &#8220;A great room starts with a great piece.&#8221;</p>
<p style="text-align: center;"><a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/11/ea.png"><img class="size-full wp-image-809    aligncenter" title="ea" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/11/ea.png" alt="" width="339" height="210" /></a></p>
<p style="texgt-align: left;">Now, I am so glad that I saw this before I saw the <em>Brandweek</em> <a href="http://www.brandweek.com/bw/content_display/news-and-features/retail-restaurants/e3iff28983151fb56b19121e78b5ff9467c" target="_blank">article</a> on this new campaign, because it let me have a &#8220;pure&#8221; consumer reaction &#8211; and that reaction was relief, mixed with encouragement.</p>
<p><em>Relief</em> that I don&#8217;t have to <a href="http://anxietyindex.com/2010/09/ethan-allen-tells-shoppers-to-relax-and-take-baby-steps/http://" target="_blank">feel bad</a> if I couldn&#8217;t buy a whole room or house worth of furniture right now, and <em>encouragement</em> that &#8211; instead of waiting until I can (NB: at which time I might go somewhere else) &#8211; I should start with that one nice thing from EA today.</p>
<p>There are so many thoughtful things happening here.  The brand has turned a negative into something positive.  It has actually made me feel good - <em>smart -</em> for starting with that one great object, rather than beating myself up over all the other items I can&#8217;t afford right now.  EA made it ok to walk past a room in my home and see one chair in it:  <em>it&#8217;s not because I&#8217;m broke &#8211; it&#8217;s because I&#8217;m wise</em>.  And the &#8220;That&#8217;s how we build it&#8221; line draws me in even more, as if we were in on it together.  <em>I&#8217;m just like you, Ethan, if I think about one piece at a time because you do, too.</em><a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/11/ea2.jpg"><img class="size-full wp-image-812 alignright" title="ea2" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/11/ea2.jpg" alt="" width="156" height="83" /></a></p>
<p>The <a href="http://www.linkedin.com/pub/dave-moore/6/ba/b63" target="_blank">ECD</a> at <a href="http://www.mccann.com" target="_blank">McCann-Erickson</a> talks about the campaign as being part of the brand&#8217;s continued attempt to reach a younger-demographic, to show that EA&#8217;s pieces and attitude are more modern than they might expect. </p>
<p>I&#8217;m glad for that, because all that Paul Revere-ish dark furniture my mom bought from EA when I was a kid made me gag (and to her credit, it finally made her gag, too).  But whether it&#8217;s deliberate or not, I think the work strikes a more universal tone that performs a little magic, turning a lack of cash into a moment of affirmation and intelligence. </p>
<p>Nicely done.</p>
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		<title>Tiffany&#8217;s Got A Brand New Bag</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/tiffany-launches-affordable-luxury-landbag-line-stephanie-fierman.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/tiffany-launches-affordable-luxury-landbag-line-stephanie-fierman.php#comments</comments>
		<pubDate>Tue, 07 Sep 2010 16:00:27 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[advertising]]></category>
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		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=755</guid>
		<description><![CDATA[by Stephanie Fierman Tiffany &#38; Co has impressed me over the years.  It&#8217;s been able to show some restraint when it comes to mucking with the brand while still responding to shifts in the consumer zeitgeist.  The company has been particularly wily in its introduction of new non-jewelry items and jewelry pieces at lower price points.  Leather, scarves, [...]]]></description>
			<content:encoded><![CDATA[<p><strong>by <a href="http://twitter.com/stephfierman" target="_blank">Stephanie Fierman</a></strong></p>
<p><a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/09/blue-box-tiffany-stephanie-fierman.jpg"><img class="size-full wp-image-761 alignleft" title="blue-box-tiffany-stephanie-fierman" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/09/blue-box-tiffany-stephanie-fierman.jpg" alt="" width="121" height="68" /></a>Tiffany &amp; Co has impressed me over the years.  It&#8217;s been able to show some restraint when it comes to mucking with the brand while still responding to shifts in the consumer zeitgeist. </p>
<p>The company has been particularly wily in its introduction of new non-jewelry items and jewelry pieces at lower price points.  Leather, scarves, fragrance and the like serve multiple purposes: the products expand <a href="http://tiffany.com" target="_blank">Tiffany</a>&#8216;s reach among existing customers; they help Tiffany establish earlier brand engagement among the base of young women most likely to become the core Tiffany customer; and I would expect that it&#8217;s helped the gift business, as well, particularly as tableware&#8217;s centrality in the wedding business wanes.</p>
<p>Its moves in its core business, jewelry, have borne fruit.  <a href="http://online.wsj.com/article/SB10001424052748703632304575451462272173260.html" target="_blank">31%</a> of the company&#8217;s sales last year coming from its lowest-priced merchandise: sterling silver jewelry at an average price of $200.  The silver, in particular, is a good example of how Tiffany has made and executed on long-term commitments that have helped achieve a higher level of market accessibility. Its <a href="http://http://www.tiffany.com/shopping/category.aspx?mcat=148206&amp;cid=288189" target="_blank">Paloma Picasso</a>, <a href="http://www.tiffany.com/Shopping/Category.aspx?cid=288187&amp;mcat=148206" target="_blank">Elsa Peretti</a> and <a href="http://www.tiffany.com/Shopping/Category.aspx?cid=288188&amp;mcat=148206" target="_blank">Frank Gehry</a> lines of jewelry have built their own bases of loyal fans over the years. The company&#8217;s website top navigation makes it easy to find these pieces, and the first entry behind the &#8220;Designers &amp; Collections&#8221; tab is currently &#8220;Elsa <a href="http://www.tiffany.com/Shopping/CategoryBrowse.aspx?cid=563631&amp;mcat=148206" target="_blank">Peretti $250 &amp; Under</a>.&#8221;</p>
<p>Nice touch.</p>
<p>So what&#8217;s another potential category? Handbags.  Although it may strike some as odd, sales of handbags priced at $200 or more have actually <a href="http://www.cityam.com/news-and-analysis/hermes-lifted-new-surge-handbag-sales" target="_blank">grown</a> 15% in the year ending this past June. Many of the leaders are the <a href="http://online.wsj.com/article/SB124816500826967895.html" target="_blank">usual</a> suspects, but &#8211; if Tiffany wants a model to study &#8211; Coach has shown everyone how it&#8217;s done.</p>
<p>Coach&#8217;s 2009 successful <a href="http://www.crainsnewyork.com/article/20090622/FREE/906229997" target="_blank">launch</a> of the more youthful, lower-priced  <a href="http://www.coach.com/online/handbags/-handbags_feature_poppy-10551-10051-5000000000000052052-en?t1Id=62&amp;t2Id=5000000000000052052&amp;tier=2&amp;LOC=LN" target="_blank">Poppy</a> line of bags and accessories with the positioning &#8220;Are You A Poppy Girl?&#8221; &#8211; but with bag prices starting at $200 &#8211; sparked a lot of wonder.  It&#8217;s not that there wasn&#8217;t a space in the market, but $200? Hardly the &#8220;budget&#8221; youth collection, as one fashion blog optimistically <a href="http://bagbunch.com/coach-launches-poppy-budget-youth-collection/" target="_blank">coined</a> it.  Andy yet: it&#8217;s <a href="http://www.fibre2fashion.com/news/fashion-news/newsdetails.aspx?news_id=78292" target="_blank">selling</a>.  <a href="http://ezinearticles.com/?I-Like-Gucci-Sunglasses---And-Im-Not-Embarrassed-to-Say-So&amp;id=1536262" target="_blank">A lot</a>.  Why?<a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/09/coach-poppy-stephanie-fierman1.png"><img class="size-thumbnail wp-image-762 alignright" title="coach-poppy-stephanie-fierman" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/09/coach-poppy-stephanie-fierman1-150x150.png" alt="" width="99" height="98" /></a></p>
<p>To a certain extent, the answer comes back to the ill-defined but highly desirable &#8221;<a href="http://www.nytimes.com/2009/10/20/fashion/20iht-rshare.html" target="_blank">affordable luxury</a>&#8221; moniker that so many brands want to claim.  Two thoughts here: (1) If a woman can get her fix with a $300 bag from a favorite brand (when she might have chosen a $1,200 one in the past), she&#8217;s more likely to make that choice, and (2) A woman needs a bag every single day.  No one &#8221;needs&#8221; non-wedding jewelry. So if I&#8217;m going to buy a bag anyway, the thinking goes, it&#8217;s penny wise and pound foolish to buy an unremarkable bag when I could just spend another $100 or $200 or even $300 and buy a bag from a brand I truly love &#8211; a brand that will &#8220;show&#8221; well on a daily basis.</p>
<p>Sidebar: I have two core daytime bags: one for fall-winter, the other for spring-summer.  The spring-summer bag was $400, which felt expensive.  Now that I get no less than, say, two compliments on the bag every single week &#8211; and the credit card charge is only a hazy memory - I&#8217;m sorry I didn&#8217;t buy two.</p>
<p>And just to finish it off, notice that these purchases are literally BIG: much larger in size than a bracelet or ring that I might get at the same price.  More status mileage for the dollar.</p>
<p><a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/09/handbags-tiffany-stephanie-fierman.jpg"><img class="size-full wp-image-759 alignleft" title="handbags-tiffany-stephanie-fierman" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/09/handbags-tiffany-stephanie-fierman.jpg" alt="" width="120" height="170" /></a>So into this environment comes Tiffany&#8217;s new <a href="http://online.wsj.com/article/SB10001424052748703632304575451462272173260.html" target="_blank">handbag line</a>, created in partnership with the designers of the <a href="http://www.examiner.com/handbags-in-national/lambertson-truex-for-tiffany-and-co" target="_blank">Lambertson Truex</a> luxury label (which the jeweler <a href="http://www.marketwatch.com/story/tiffany-buys-handbag-label-lambertson-truex" target="_blank">purchased</a> post-bankruptcy last year). The products are priced from $395 for a small suede tote to $17,500 for a large crocodile handbag, and all carry the imprimatur of Tiffany, whether it be in the clasps, the colors or the silver. </p>
<p>I&#8217;m waiting to see how they promote the line.  The evening &#8220;Holly&#8221; bag has gotten a lot of <a href="http://dariaburke.wordpress.com/2010/07/22/tiffany-introduces-holly-bags/" target="_blank">press</a>, but such a bag has limited use cases and narrows the market; I hope to see some creative promotion and messaging that emphasizes day and weekend bags, as well. </p>
<p>And not to state the obvious, but I know that Tiffany will be mindful of the fact that women already knew Coach as a handbag maker, so Poppy was an immediate &#8220;get&#8221; for the consumer.  Poppy is to Coach as Elsa Peretti is to Tiffany: an extension of the core business.  Jeweler Tiffany will need to build some real promotion and personality if it wants to move a lot of product. [<em>Paging <a href="http://www.urbandictionary.com/define.php?term=ChristmaHanuKwanzaakah" target="_blank">Christmahanukwanzaakah</a>, come in Christmahanukwanzaakah</em>...]</p>
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		<title>Mad Men Won&#8217;t Keep You From The Rain</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/mad-men-london-fog-brands-stephanie-fierman.php</link>
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		<pubDate>Thu, 02 Sep 2010 01:06:02 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
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		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=779</guid>
		<description><![CDATA[by Stephanie Fierman If a pop culture phenomenon is white-hot, and you saunter up to it and ask it out to dinner, will you become its best friend? Check out my second blog, Marketing Mojo, for the answer.]]></description>
			<content:encoded><![CDATA[<p><strong>by </strong><a href="http://www.linkedin.com/in/stephaniefierman" target="_blank"><strong>Stephanie Fierman</strong></a></p>
<p>If a pop culture phenomenon is white-hot, and you saunter up to it and ask it out to dinner, will you become its best friend?</p>
<p>Check out my second blog, <em><a href="http://stephaniefierman.com" target="_blank">Marketing Mojo</a></em><em>,</em> for the answer.</p>
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		<title>In A Fog</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/brand-dissonance-and-london-fog-stephanie-fierman.php</link>
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		<pubDate>Wed, 01 Sep 2010 12:30:33 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
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		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=737</guid>
		<description><![CDATA[by Stephanie Fierman There&#8217;s been a bit of a scramble among brands seeking to leverage AMC&#8217;s popular series, Mad Men.  BMW is one of the largest and most frequent sponsors, prompting an auto site to gush, &#8220;BMW’s underwriting for Mad Men is mad marvelous.&#8221; Maybe so.  After all, the series is about an advertising agency [...]]]></description>
			<content:encoded><![CDATA[<p><strong>by <a href="http://stephaniefierman.com" target="_blank">Stephanie Fierman</a></strong></p>
<p>There&#8217;s been a bit of a <a href="http://www.fastcodesign.com/1662205/mad-men-stars-shill-for-real-brands-blurring-the-shows-boundaries" target="_blank">scramble</a> among brands seeking to leverage AMC&#8217;s popular series, <a href="http://http://www.amctv.com/originals/madmen/" target="_blank"><em>Mad Men</em></a>.  BMW is one of the largest and most frequent <a href="http://http://www.adweek.com/aw/content_display/news/media/e3i68d0e189b7e43eafc1e8bf167c795784" target="_blank">sponsors</a>, prompting an <a href="http://www.automobilesdeluxe.tv" target="_blank">auto site</a> to <a href="http://http://http://www.automobilesdeluxe.tv/bmw_mad_men_ad_campaign/" target="_blank">gush</a>, &#8220;BMW’s underwriting for <em>Mad Men</em> is mad marvelous.&#8221;</p>
<p>Maybe so.  After all, the series <em>is</em> about an advertising agency and the supposed glamour of the post-War period, all glowy and wistful.  It&#8217;s an unusual opportunity to create a fresh and fun message&#8230; IF it makes sense for the brand.</p>
<p><a href="http://http://www.postadvertising.com/2010/07/post-ad-anachronisms-mad-men-season-4-premiere/" target="_blank">BMW</a> did two things right. First it aligned itself with the overall <em> je ne sais quoi</em> of the show: the ambience, the characters, their lifestyles, their appearance, their tastes, the physical environment. That provides a very broad base upon which to construct an association.  BMW is already an upscale, luxury brand, so this association is more of a positive reinforcement than a flat-out creation. <a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/08/hendricks-london-fog2-stephanie-fierman.jpg"><img class="size-full wp-image-741 alignright" title="Christina Hendrixs" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/08/hendricks-london-fog2-stephanie-fierman.jpg" alt="" width="166" height="250" /></a></p>
<p>Second, this attachment is even further strengthened because BMW&#8217;s ads run during the episodes themselves.  As the show transitions almost seamlessly from content, to commercial, and back again, the company and its cars place themselves directly alongside the target of their (and your) dreams.  The viewer sees both in the same sitting; the brain experiences both in the same moment. The connection is made in real time. </p>
<p><a href="http://http://www.avclub.com/articles/out-of-town,31769/" target="_blank">London Fog</a>&#8216;s new <em>Mad Men</em>-related ads, on the other hand, miss on both these counts.</p>
<p>Unlike BMW, London Fog&#8217;s owner, <a href="http://http://seekingalpha.com/article/187806-iconix-brand-group-a-successful-metamorphosis" target="_blank">Iconix</a>, chose to bet all its chips on one single character, <a href="http://http://en.wikipedia.org/wiki/Joan_Holloway" target="_blank">Joan Holloway</a> (aka <a href="http://http://en.wikipedia.org/wiki/Christina_Hendricks" target="_blank">Christina Hendricks</a>).  This demands a plausible or at least believable connection between what the product and the individual represent, which is not present here. </p>
<p><a href="http://http://adage.com/adages/post?article_id=140129" target="_blank">Today</a>, London Fog is generally utilitarian, functional, male (androgynous?), classic (tired?) and generally unremarkable, while Hendrick&#8217;s Joan is nearly the polar opposite: voluptuous, sexy, powerful, womanly, stimulating. She&#8217;s brightly-colored cotton candy in a dress.  When you watch the show, her sexual  presence makes her nearly every man&#8217;s fantasy at one point or another.  She&#8217;s unattainable, like a rare luxury item. </p>
<p>London Fog is the opposite.  By its own <a href="http://http://www.iconixbrand.com/londonfog_history.html" target="_blank">admission</a>, the brand has far-flung distribution and high consumer awareness: it holds little mystery, <a href="http://http://www.macraesbluebook.com/search/company.cfm?company=836533" target="_blank">no magic</a>, <a href="http://www.yourtechtv.com/viewVideo.php?video_id=425&amp;title=London_fog_WMS_video_case" target="_blank">no unattainability</a>. <em>Mad Men</em>&#8216;s Joan would not wear a London Fog, and no woman  (consciously or unconsciously) believes that she will be &#8220;more Joan&#8221;  by wearing the brand.  The effect is double-whammy, given that the clothes (which might look fine on &#8220;normal&#8221; people) appear <a href="http://cbsnews.com/2300-207_162-10004633-11.html?tag=page;previous" target="_blank">boring</a>, dull and <a href="http://cbsnews.com/2300-207_162-10004633-7.html?tag=page;previous" target="_blank">awkward</a> draped on Hendrick&#8217;s frame.  The two zeitgeists are just too far apart.</p>
<p><img class="size-full wp-image-742 alignleft" title="hendricks-london-fog3-stephanie-fierman" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/08/hendricks-london-fog3-stephanie-fierman.jpg" alt="" width="214" height="155" /><a href="http://http://en.wikipedia.org/wiki/Iconix_Brand_Group" target="_blank">Iconix</a> may have thought that Joan&#8217;s essence would rub off on the product.  And, prior to Hendricks, Iconix enlisted <a href="http://http://www.google.com/images?hl=en&amp;source=imghp&amp;biw=1276&amp;bih=602&amp;q=eva+longoria+london+fog&amp;gbv=2&amp;aq=f&amp;aqi=&amp;aql=&amp;oq=&amp;gs_rfai=" target="_blank">Eva Longoria </a>and <a href="http://http://www.google.com/images?hl=en&amp;biw=1276&amp;bih=602&amp;gbv=2&amp;tbs=isch%3A1&amp;sa=1&amp;q=giselle+bundchen+london+fog&amp;aq=f&amp;aqi=&amp;aql=&amp;oq=&amp;gs_rfai=" target="_blank">Giselle Bunchen</a> for its ads, presumably with the same objective.  The problem is that consumers cannot make brand connections that aren&#8217;t there or &#8211; worse &#8211; pulling in opposite directions. </p>
<p>Forcing an otherwise adequate brand into an environment that makes it appear inadequate is sad and unnecessary: an embarrassing kind of <a href="http://http://ciampa.com/blog/tag/brand-dissonance/" target="_blank">brand dissonance </a>that can do the brand more harm than good. </p>
<p>Lastly, the Joan ads do not have the benefit of being absorbed in the same moment as the story itself. The connection failure is particularly dramatic when experienced in the middle of a fashion magazine, surrounded by circa 2010 fashions, photos and messaging.<a href="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/08/hendricks-london-fog4-stephanie-fierman.jpg"><img class="size-full wp-image-743 alignright" title="Christina Hendrixs" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/08/hendricks-london-fog4-stephanie-fierman.jpg" alt="" width="159" height="209" /></a></p>
<p>Managing a brand &#8211; particularly one trying to meld a perhaps very different past with the present &#8211; is a fine art. The brand steward must have an unblinking grasp on what the brand is and is not, what it might become, how fast such a change in direction might be made and how to begin.  If that direction is wrong, or the speed too fast, the desired messaging won&#8217;t find its target and you may needlessely displace the neutral-to-positive feelings most people have about the brand in favor of all the characteristics the brand does not possess.  It&#8217;s work grounded in an almost DNA-level of understanding of brands, consumer desire and human behavior.</p>
<p>Most brands have positive if not wonderful attributes to emphasize.  Show yours in its best light.  Avoid whatever might be hot right this second if it just doesn&#8217;t fit, and create an environment in which the product can truly shine.</p>
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		<title>Stephanie Fierman Gives Her Seat To Darth Vader</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/improv-everywhere-spreading-brand-joy.php</link>
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		<pubDate>Sun, 25 Jul 2010 20:07:30 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
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		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=700</guid>
		<description><![CDATA[Branding gets a bad rap.  I&#8217;ve always thought this was fascinating because &#8211; without branding &#8211; there would be little else in the world of consumption.  That&#8217;s because a &#8220;brand&#8221; can be defined as what a product, place or person means to you: it&#8217;s the place in the mind occupied by our real or anticipated experience with that person or [...]]]></description>
			<content:encoded><![CDATA[<p>Branding gets a bad rap.  I&#8217;ve always thought this was fascinating because &#8211; without branding &#8211; there would be little else in the world of consumption.  That&#8217;s because a &#8220;brand&#8221; can be defined as what a product, place or person means to you: it&#8217;s the place in the mind occupied by our real or anticipated experience with that person or thing.  And it drives many of our decisions. </p>
<p>Think of it this way.  You get up in the morning.  The soap and toothpaste you use, the cereal you eat, the car you get into or the subway stairs you descend, the maker of your briefcase or backpack or handbag, the coffee shop you favor (or avoid), the newspaper you pick up, the particular vacation spot you research when you get to your desk: your real or perceived experience with each of these things drives your choices.  That&#8217;s brand.  You can&#8217;t (and don&#8217;t) live without it.  It&#8217;s all over, all the time.</p>
<p>And man, there&#8217;s a lot of competition.  And distraction.  And price pressure.  And etcetera, etcetera, etcetera.</p>
<p>So if this is the case, then it&#8217;s the job of a brand owner to create positive associations &#8211; a positive experience &#8211; associated with the person, place or thing in question.  Life is hard: great experiences are priceless and they&#8217;re something  you want to share with others.</p>
<p>Thanks to my Twitter compatriots <a href="http://trulydeeply.com.au" target="_blank">David Ansett</a> (@<a href="http://twitter.com/brandamentalist" target="_blank">brandamentalist</a>) and <a href="http://storyworldwide.com" target="_blank">Story Worldwide</a> (@<a href="http://twitter.com/storyworldwide" target="_blank">storyworldwide</a>), I came upon this wonderful NY-based company, <a href="http://improveverywhere.com" target="_blank">Improv Everywhere</a>,  which describes itself as an organization that &#8220;causes scenes of chaos and joy in public places.&#8221;</p>
<p>What does that mean, you ask?  It means that Improv Everywhere creates &#8220;<a href="http://improveverywhere.com/missions/" target="_blank">missions</a>&#8221; that create an attention-getting public event that creates positive buzz &#8211; a positive experience &#8211; that is very unexpected and equally as impactful.</p>
<p>Here&#8217;s one that got a lot of press in NYC: &#8220;Star Wars Subway Car&#8221; (if  you cannot see the video below, click <a href="http://www.youtube.com/watch?v=J5gCeWEGiQI&amp;feature=player_embedded" target="_blank">HERE</a>):<br />
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<p>The one that made the biggest impression on me was &#8220;High Five Escalator.&#8221; The video was shot literally on the escalator/stairs of New York City&#8217;s E/V/6 subway stop at 53rd Street and Lexington Avenue.  Now, this stop is a friggin nightmare during the morning commute: you&#8217;re squished, it&#8217;s hot, it&#8217;s unpleasant&#8230; just a major potential misery at 8 or 8:30 in the morning.  But on this particular morning, a few Improv Everywhere &#8220;undercover agents&#8221; got 2,000 people to smile and give a &#8220;high five,&#8221; and many more just had a great experience on their way to work (if you cannot see the video below, click <a href="http://www.youtube.com/watch?v=Abt8aAB-Dr0&amp;feature=player_embedded" target="_blank">HERE</a>):<br />
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<p>Here&#8217;s an interview with Charlie Todd, the founder of 9-year-old &#8220;prank collective&#8221; Improv Everywhere (if you cannot see the video below, click <a href="http://www.cnn.com/video/#/video/tech/2010/07/15/natsot.charlie.todd.improv.cnn?hpt=C2" target="_blank">HERE</a>):<br />
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<p>Improv Everywhere says that it takes on commercial clients only here and there, and that this is what allows them to keep doing what they&#8217;re doing.  But while Improv Everywhere &#8220;works to live,&#8221; if you will, hasn&#8217;t it cracked the very essence of the brand manager&#8217;s job?  What if your brand was associated with such a positive, memorable experience? </p>
<p>This guy&#8217;s on to something.</p>
<p>P.S. I&#8217;ve signed up to be an Improv Everywhere undercover agent, so &#8211; the next time <a href="http://vimeo.com/1417959">200 people freeze</a> in the middle of Grand Central &#8211; look around&#8230;</p>
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		<title>Stephanie Fierman Suggests Goldman Sack This Idea</title>
		<link>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-suggests-goldman-sack-this-idea.php</link>
		<comments>http://www.stephaniefiermanmarketingdaily.com/stephanie-fierman-suggests-goldman-sack-this-idea.php#comments</comments>
		<pubDate>Thu, 08 Jul 2010 21:02:10 +0000</pubDate>
		<dc:creator>sfierman</dc:creator>
				<category><![CDATA[advertising]]></category>
		<category><![CDATA[branding]]></category>
		<category><![CDATA[financial services]]></category>
		<category><![CDATA[Reputation management]]></category>
		<category><![CDATA[US economy]]></category>
		<category><![CDATA[Wall Street Journal]]></category>
		<category><![CDATA[word of mouth]]></category>

		<guid isPermaLink="false">http://www.stephaniefiermanmarketingdaily.com/?p=673</guid>
		<description><![CDATA[Marketers become accustomed to defending, documenting and demonstrating the value of marketing itself &#8211; particularly the beautiful art and science known as branding.  A lot of us are pretty good at it.  When branding comes up, I stand at the ready. Ready, that is, until I&#8217;m not. And so it was with the news that [...]]]></description>
			<content:encoded><![CDATA[<p>Marketers become accustomed to defending, documenting and demonstrating the value of marketing itself &#8211; particularly the beautiful art and science known as branding.  A lot of us are pretty good at it.  When branding comes up, I stand at the ready.</p>
<p>Ready, that is, until I&#8217;m not.</p>
<p>And so it was with the news that Goldman Sachs is <a href="http://brandchannel.com/home/post/2010/06/23/Goldman-Sachs-Damage-Control.aspx" target="_blank">considering</a> a big, broad, very public effort to polish its brand. &#8220;Public&#8221; as in advertising, letters to the editor(s), responses to media reports&#8230; even an <a href="http://www.nypost.com/p/news/business/talk_to_me_lloyd_60jiicEMBkOa15BdLCqGjJ" target="_blank">appearance</a> by CEO Lloyd Blankfein on <em>Oprah</em>.</p>
<p>Can you imagine? <em>Oprah</em>. I picture it as a <a href="http://tv.msn.com/tv/article.aspx?news=216362" target="_blank">cross</a> between Tom Cruise&#8217;s 2005 <a href="http://www.youtube.com/watch?v=GqcpajehvYg" target="_blank">crazy-eyed </a>appearance and her <a href="http://www.oprah.com/oprahshow/Oprahs-Questions-for-James" target="_blank">skewering</a> of James Frey in 2006, and not in a good way.</p>
<div id="attachment_281" class="wp-caption alignright" style="width: 102px"><a href="http://stephaniefierman.com/wp-content/uploads/2010/07/Lloyd_Blankfein_Goldman_Sachs_Stephanie_Fierman1.jpg"><img class="size-full wp-image-281    " title="Lloyd_Blankfein_Goldman_Sachs_Stephanie_Fierman" src="http://stephaniefierman.com/wp-content/uploads/2010/07/Lloyd_Blankfein_Goldman_Sachs_Stephanie_Fierman1.jpg" alt="" width="92" height="134" /></a><p class="wp-caption-text">Lloyd Blankfein</p></div>
<p>Look, I may condemn the investment banking scoundrels for their wrongdoing when I&#8217;m out having a drink somewhere, but &#8211; behind closed doors with the Goldman team &#8211; this would be my position:</p>
<p>Goldman executives may indeed be shocked &#8211; even hurt &#8211; by the way they&#8217;ve been treated by Congress or by the all-out <a href="http://www.brandchannel.com/home/post/2010/04/08/Goldman-Sachs-Brand-Hated-Strong.aspx" target="_blank">vitriolic</a> point of view on Main Street, but the fact of the matter is that these are not the audiences that really matter at Goldman&#8230; and this is the price to be paid for what they do for a living.</p>
<p>It&#8217;s a pretty small price, in my opinion.</p>
<p>Goldman isn&#8217;t nor was it ever in the business of being loved. It&#8217;s in business to be 100% rational, not emotional, and to <a href="http://standupforamerica.files.wordpress.com/2009/08/goldman-sachs-party-cartoon.jpg" target="_blank">make money</a> for itself and its clients. That mission defines a fairly narrow set of individuals and companies that really need to know what Goldman is doing. For these people, a big initiative is (a) likely to be a grossly inefficient way of communicating, and (b) even more likely to be seen by those in the know as a silly distraction that pulls Goldman away from (<em>make me money</em>) what it&#8217;s supposed (<em>make me money</em>) to be doing (<em>make me money</em>).</p>
<p>Strike One and Two.</p>
<p>Then there&#8217;s John Q. Public, who may not understand a lot of Goldman&#8217;s business activities but knows the firm was at the epicenter of a series of events that were highly disruptive and that made a very small number of already rich people even richer. For most, these beliefs are almost purely emotional, and no company can promote itself out of negative sentiment. If you lay low &#8211; particularly when a bunch of abstract business concepts are involved &#8211; the public&#8217;s anger will dissipate, and soon another target will present itself.  Sad but true.  To communicate now would only inflame an audience that Goldman doesn&#8217;t need and create added stress for one the firm does need &#8211; it&#8217;s own employees.</p>
<p>Strike Three.</p>
<p><img class="size-medium wp-image-680 alignleft" title="shut_up_fox" src="http://www.stephaniefiermanmarketingdaily.com/wp-content/uploads/2010/07/shut_up_fox-199x300.jpg" alt="" width="99" height="146" />Branding, PR, advertising&#8230; none of these tools can be used to uproot deep-seated negative opinion while an issue is still hot. It&#8217;s tempting to buy full page ads in the <em>Wall Street Journal</em> that say you&#8217;ll make things right (paging British Petroleum) but you can&#8217;t win doing this and, frankly, it&#8217;s a bit immature and disrespectful. It&#8217;s like saying &#8220;<em>Hey, I punched you in the eye, hard, and I can&#8217;t take it back or make it any better, but I still want you to like me</em>.&#8221; In Goldman&#8217;s case, the firm plays hardball, it&#8217;s going to bruise some people and it&#8217;s going to make billions of dollars for its inner circle of stakeholders. Everyone knows <a href="http://www.inquisitr.com/wp-content/matt-taibbi-goldman-sachs.jpg" target="_blank">that&#8217;s the deal</a>, and &#8211; when the spotlight turns toward them &#8211; those involved need to be able to put up with not being &#8220;liked&#8221; in exchange for their success.</p>
<p>Goldman&#8217;s communications advisors would do well to make sure that its client is staying focused on what&#8217;s important to its core business and true constituencies.  I disagree with those who say that Goldman must vigorously <a href="http://blogs.hbr.org/cs/2010/05/is_it_too_late_for_goldman_to.html" target="_blank">present</a> &#8220;its vision of the &#8216;right thing to do&#8217; in the financial services industry going forward.&#8221;  To what end?  To &#8220;clarify&#8221; its point of view, or contribute to the national dialogue? Through a branding campaign? On <em>Oprah</em>? Please.</p>
<p>Take care of your own employees, talk with clients, prospects and key constituencies around the world as you normally would, and wait.</p>
<p>Sometimes the hardest thing to do is to simply live with a situation, keep going and accept that there are moments when the right kind of marketing may be no marketing at all.</p>
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