Friday, May 29

Advertising Methodology - (3) Understanding of business strategy and brand

The old adage of “you can’t manage what you don’t measure” is an important one. We’ll come back to that, but we’ll start with a new adage, “you can’t advertise what you don’t know”. What does that mean? Start at the top. Understand what the company is all about:
  • What’s the overall business strategy? For instance, Porter’s generic strategies include: Cost Leadership, Differentiation, & Segmentation
  • What is the brand all about? What are the marketing and brand plans, and how do they align with the business plan? What do Senior Management believe the company stands for? What does the company stand for in its constituents' eyes (customers, employees, suppliers, etc.) and how do they believe the company supports the brand promise?
Get to know that, and you're over the first hurdle to creating great advertising that works.

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