Tuesday, 29 August 2017

Lexicon Branding

Have you ever wondered how some brands manage to stand the test of time, while others transcend time and language entirely? Think Google, Uber, Kleenex or even Jacuzzi. What do all of these brands have in common? Why, they have become part of the English language’s lexicon!


What is lexicon branding?
Lexicon branding is the art of creating brand names that become synonymous with the product they represent. So much so, that people use them as the go-to word for said product or they create an entirely new word or expression.

How many of you can relate to this anecdote by Marketing Mag’s Jason Dooris:

‘’I was Hoovering the other day, and all the dust in the air had me reaching for a Kleenex. Unfortunately, we were all out, so I Googled the closest store that sold them, scribbled the address down with a Biro, then Uber’d my way over there – although not before my wife reminded me to pick up some Vaseline and Onesies.’’

Many of these brands have become so integrated into our language that many of us aren’t aware that they began as trademarks.

Good brands don’t use other brand’s intellectual property.
As you can imagine, such companies are protective of their intellectual property, and while it may be a marketer’s dream, some companies don’t welcome having their product enter the common vocabulary.


Take Gerber and its Onesies. I know a few ‘adult’ people who think they own a Onesie, but actually they have what’s called an ‘adult bodysuit’. Calling it a Onesie infringes intellectual property rights and the shop it was bought from could be in trouble if they said otherwise.

Not a onesie, but an adult body suit.

According to the company, “Gerber Childrenswear is proud of the outstanding name recognition of Onesies® brand in the marketplace (95%) and will continue to be aggressive in protecting our trademark”. “The Onesies® trademark, or any variation thereof (i.e. Onesie), cannot be used as a generic descriptor and should only be used when referring to the Onesies® brand by Gerber®.”

One would think that any brand awareness is good brand awareness, but that isn’t always the case. In 2006, shortly after ‘google’ made it to the pages of the Oxford English Dictionary, the company published a blog post seeking to clarify how and when you can Google:

“A trademark is a word, name, symbol or device that identifies a particular company’s products or services. Google is a trademark identifying Google Inc and our search technology and services. While we’re pleased that so many people think of us when they think of searching the web, let’s face it, we do have a brand to protect, so we’d like to make clear that you should please only use ‘Google’ when you’re actually referring to Google Inc and our services.”

So unless you are googling on Google, you can’t use the trademark. If you want to use another search engine, like Yahoo, you must use the verb ‘search’.

What’s in a name?
Lexicon branding is the ultimate marketing tool for reaching such a level of market saturation that the name of your company or product becomes synonymous with – or even replaces – a centuries-old word. However, while there are hundreds, if not thousands of brands whose names have become the standard verb that defines the market they have helped create, some are more effective than others. Let’s take a look at a few:

1. Google












By far the most famous lexicon brand, the verb
‘google’ made its way into most major dictionaries in 2006. Google completely defined the search engine market it helped to create. To google something simply means to use a search engine, regardless of which one.


2. Uber 














American online transportation network company, Uber has largely replaced ‘taxi’ or ‘cab’ in the markets where the ride-sharing service has taken off. But originally, the German word, Über means "above", "about", "over", or "across".


3. Onesies













Onesies is a brand trademark owned by Gerber Childrenswear, meaning a body suit for children.


4. Biro








The humble Biro was subject to a British patent in 1938, filed by its creator, Hungarian journalist Laszlo Biro.



5. Rollerblades













Who knew that Rollerblades are actually a brand for in-line skates? Rollerblades, the company (and term) were founded in 1983 by Scott and Brennan Olson. Since then, they have made many innovations in the skate-shoe, including an active brake and decreased weight.


6. Scotch Tape










What sounds better - pressure-sensitive invisible tape or Scotch Tape? Richard Drew created Scotch Tape in 1925 at a company called Minnesota Mining and Manufacturing. These days, we know the company as 3M; Scotch Tape’s name remains the same.

7. Velcro















Let’s face it, Velcro rolls of your tongue much easier than mechanical-based fastening product. Created in the 1940s and trademarked in 1958 by Swiss engineer George de Mestral, the French words for velvet (“velour”) and hook (“crochet”) were combined to make Velcro. Perhaps that’s why the Velcro company has thrived for the past 75 years.

8. Sharpie













Back in 1964, the marker industry was booming, according to Sharpie, the “first pen-style permanent marker.” The company took advantage of its celebrity status by getting celebrity endorsements from Johnny Carson and Jack Parr.


9. Bandaid 













What is an adhesive bandage? Oh, you mean bandaid! Bandaids were invented in 1920 by Johnson and Johnson and they still remain the first thing someone will ask for when they have a cut, scrape or wound.

10. Hoover













Finally there is Hoover. Infinitely more entertaining than vaccuming, Hoovering is a verb owned by American vacuum cleaner company. During the early and mid 20th century, Hoover dominated the electric vacuum cleaner industry to the point where the "Hoover" brand name became synonymous with vacuum cleaners and vacuuming.

So how hard is it to get a brand in the lexicon?
It’s harder than you think. In an article about The Art – And Science – Of Creating A Brand Name, Susan Krashinsky Roberson, from The Globe and Mail, explains how popular brands become household names.

David Placek, the founder of Sausalito, Californian-based Lexicon Branding Inc. specialises in giving brands their names. The creator of household names such as Swiffer, Dasani, and here in Canada, BlackBerry explains just how important a name is.

“Just how important is a name? My simple answer to this is, nothing will be used for a longer period of time or more often than a company’s name,” Mr. Placek said. “It’s not just a creative exercise. It’s a strategic one.”

Building a brand identity - otherwise known as branding, is one a company’s most valuable capabilities, so it’s important to get it right. Brand association, whether good or bad, can have a profound effect on consumer’s perceptions of a product, affect sales, and in some cases even change the category. So before settling on a name, it’s best to go out and do some research, talk to employees and customers to create a brand association map and then debate long and thoroughly about which name to choose. Because branding, once done, isn’t easy to undo and it’s best to get it done right the first time around.

Alyce Brierley

Current student in the Master of Marketing program at the University of Sydney Business School

Friday, 25 August 2017

Sifting Through The Noise

Do you wake up each morning at the same time? Eat the same food for breakfast? Chances are most of you follow some form of routine. And what is a routine but a series of patterns. Some of which are useful and efficient, while others form bad habits.


Our brains our geared to make and identify patterns. From the moment we are born, we learn to recognise simple patterns such as crying leads to being fed. As children, we learn that good behaviour earns rewards. By the time we are adults, we have learned to rely on these complex patterns to help us do everything from the simplest actions like choosing what to wear in the morning, to making complex decisions about what kind of health insurance is the best policy.

This semester in Research and Decision-Making we’ve been studying the different mechanisms involved in the decision-making process along with a range of biases that can assist with making effective judgements; however there are many challenges and pitfalls to be aware of.

Having too much information.

Otherwise known as information overload. When there is too much information our brains filter out the majority of it using shortcuts. “An overload of information can leave you confused and misguided, and prevents you from following your intuition,” according to Corporate Wellness Magazine.

For simple decisions we use heuristics or ‘rules of thumb’. Heuristics apply practical methods, that aren’t necessarily guaranteed to be perfect, but serve short term goals. They are also a great mental shortcut to ease the cognitive load. These can be educated guesses, intuition and even common sense. For example, if I’m late for class, I drive instead of taking the train. If it’s overcast, I’ll pack an umbrella. These are easy decisions that don’t need much thought.


But for more complex decisions, we simplify the problem by using anchoring and adjustment. Anchoring is when we make a decision relying on specific information or value that is available to us, which acts as a reference point (i.e. an anchor) around which we adjust our response. The anchor can be internally generated (e.g. we come up with our own anchor based on our own knowledge of a product) or can be set externally (e.g. a price tag on a product). 

Take for instance, determining the value of something using an internal anchor vs seeing the price marked on the ticket (external anchor). Most of the time we use anchors unconsciously, whereby we do not realise how the anchor is impacting our decision. Sometimes, however, like in the case of bargaining or price fixing in retail, they can be used to influence other’s decisions. 


Anchoring and adjustment while shopping.

We have already explored in class how internal versus external anchoring works with low involvement purchases, but how does it work with high involvement purchases?

Have you ever fallen for the ‘buy one and get the second one half price’? I almost did the other day. I was seduced by the window display at a shoe store and couldn’t help but to take a peek inside. I didn’t really need a new pair of shoes let alone a second pair, but into the store I went because the external anchor was quite appealing. 
It was the mid-season sale, so a lot of the shoes were already discounted. Among them was a gorgeous pair of boots marked down from $350 to $199 and a selection of full-priced new season heels. I found a pair for $120 before sitting down to try them on and consider my selection.


Now normally I don’t spend more than $200 on a pair of shoes, so the price was just under my internal anchor. I already had about 30 pairs of shoes, so I didn’t exactly need a new pair. Whether I fell for the trap or not was of my own volition, the transactional value enticed me to walk into store and try on shoes, but in the end the internal anchor was stronger than the external one. 

So what exactly was involved in that judgement process? First of all, we use selective accessibility to compare decision target value with external anchor value. Was I willing to pay $259 for two pairs of shoes that I didn’t really need? The external anchor activated the knowledge that if the shoes were full-priced, I would have had to pay $470, which would give me a saving of $211! Now that’s value!

But wait, the last time I bought a pair of boots, they were only $80 and I could still get a lot of wear out of them. This internal anchor forces me to question my judgement and exert self-control by forcing me to ask myself, "How much money do you usually spend on a pair of boots? How many pairs of high heels do you already have?‘’ 

Now things are significantly more complicated, especially because the external anchor-based promotion’s influence on purchase quantity. So to simplify the decision, I used a confirmation bias to look for more facts and justify my opinion. ‘’The boots are good quality and they will last me a few seasons and I saw a similar pair of these high heels in Vogue.’’ 

Confirmation bias is when we interpret new evidence as confirmation of our existing beliefs or theories. So after a quick Google search I found that the shoes were much higher priced at other retail outlets, confirming my opinion that this was a good deal. 


You’re probably wondering if I ended up buying the shoes. Well, the answer is no… Internal anchors are strong enough to override external anchors, so my ability to use reason saved me from buying something that I didn’t really need. In retail contexts with higher involvement purchases, there really needs to be an integrated marketing approach. Would my decision have been different if there had been displays showing me how to wear the shoes?

Sometimes there just isn't enough information.

When there isn’t enough information or if you are only referring to one source, often biases are relied upon to help fill in the gaps with best guesses and assumptions. The problem with this is that this can lead to misinformed decisions, so it’s important to be aware of these biases to avoid disaster.

Biases lose their strength when there is real information so a simple way to counter them is to try to have a look at the whole picture. There are a number of judgement processes linked to biases. Generally speaking, biases look at information that is consistent with beliefs.

Confirmation bias is when you seek facts or new evidence that support your existing opinions. When people would like a certain idea/concept to be true, they end up believing it to be true. Once we have formed a view, we embrace information that confirms that view while ignoring, or rejecting, information that casts doubt on it. In a way this is a form of prejudice that inhibits our ability to perceive something objectively.

Whereas with selective perception, our brains may already have preconceived ideas and beliefs. In this case we perceive only what we want to and ignore other perceptions or viewpoints if they don’t match our own. 


In the marketing context, we can consider how consumers are bombarded with messages from brands on a daily basis, so they sift through the noise by blocking or modifying messages that conflict with their own values and attitudes.

Finally there’s cognitive dissonance, which is essentially a form of rationalisation. We are motivated to change perceptions to rationalise truths and limit the psychological stress that results from holding conflicting ideas or values simultaneously. Just in case you missed it, here’s the Cognitive Dissonance song again.


While there are many more biases to be explored within the judgment making process, the ones outline today should give you a better idea on how to process information. By being aware of the hidden or underlying forces that shape our decisions as business leaders, consumers and in everyday life we are able to avoid psychological biases to make better informed decisions.

Alyce Brierley
Current student in the Master of Marketing program at the University of Sydney Business School.







Wednesday, 23 August 2017

6 Brands Using Innovative Marketing Strategies

When it comes to marketing strategies, it helps to have a competitive edge. The most successful campaigns are those, which are not only creative with a clear message, they also consider a range of other factors like a brand’s value proposition, sustainable competitive advantages and most importantly their customers.

For the last six weeks, in Innovative Marketing Strategies MKTG6203, USYD Master of Marketing students have been learning to apply strategies, frameworks and theory in real-world business scenarios. At the core, marketing is a form of storytelling, a way of communicating value to customers, but as it turns out, marketing goes much deeper than that.

Developing innovative competitive marketing strategies requires a long-term perspective that makes use of concepts, frameworks and tools from across the marketing discipline. It turns out that innovation isn’t only about being creative, as marketers we must also draw upon our knowledge of strategic business management, entrepreneurship and finance. Only then can we create sustainable value for all of our stakeholders.

Marketing Matters looks at some brilliant examples of innovative marketing from the leading brands of 2017.

1. Snap Spectacles Hyped-Up Product Launch

Snap Spectacles are a great example of how to use PR to help spread the buzz around a product launch. Snapchat’s Snapbots recieved a massive amount of attention with little spend. By creating a hype around the release of the new Snapbots, they created a perceived demand around their product.


Snapbots are essentially pop-up stores in the form of cool looking vending machines that people were lining up to buy a pair. Everywhere a Snapbot was 'dropped', crowds gathered to form queues that spun around the block. At the same time, all these people who were spending hours in the queue taking photos were creating free attention on social media and then free PR when the tweeting about being in a queue to buy some Snap Specs which was picked up by media outlets.

Rather than just being in the press once, when it was launched, Snapchat keeps making the papers every time a new Snapbot is dropped in a major city, getting several times the coverage any traditional product launch would have received.

But the most notable aspect of this campaign is how it aligns with the core principles of Snapchat’s value proposition of authenticity, expressiveness and playfulness.

2. Virgin Holidays VR Experiential Retail Marketing

There’s been a lot of buzz in 2017 about experiential marketing and the possibilities of virtual reality as a marketing tool.


Virgin Holidays took experiential retail marketing one step further by co-creating Virgin Reality headsets using Google Cardboard technology. VR was made available in-store with Virgin providing customers with headsets to create an immersive VR experience. To produce the 3D video, Virgin took a special 360 rig and GoPro cameras to a Virgin resort in Mexico; walking along cliffs, visiting their hotels, beaches and even swimming with dolphins to capture the range of experiences on offer.

Source: Virgin Holiday Virtual Holidays, YouTube

Customers were blown away by the experience on offer in Virgin Holidays stores and responded by increasing their propensity to buy. Not only did sales explode, trips to the resort featured by the VR technology, rose significantly. 

If we consider the essence of Virgin as being youthful, energetic, efficient and professional, characteristics of Richard Branson himself, we can see that this latest marketing campaign embodies everything Virgin stands for.

3. Nike Combining Customer Service With Social Media.


When it comes to social media, Nike truly does have an exemplary presence. Their Twitter account - @NikeSupport - is a great example of how social media can be used for customer relationship management. Their positive company-customer interaction allows them to respond quickly and efficiently to specific questions about peoples’ orders or accounts on a separate platform.

Nike’s mission statement states its corporate operations and retail stores are all about the athletes they serve and the inspiration and innovation that Nike products provide to those consumers.

Having a separate account for customer support is an innovative way for Nike to be accessible to its customers without diluting the content on @Nike or @NikeStore. It also reinforces the fact that Nike cares about their customers - with phrases like, “give us a shout if you need help.”

4. Whole Foods Educate Their Customers

More than just a grocery store, Whole Foods has also branded themselves as a lifestyle choice. The brand embraces healthy living and earth-conscious eating.

Whole Foods brilliantly uses content marketing to communicate their core values to their customers. Their online purchasing platform also hosts a blog with articles about saving money but still eating healthy, tips to change your diet for the better; making Whole Foods’ products and lifestyle a holistic approach to eating and grocery shopping. 


In addition to informative blog posts, the website uses a lot of proactive language (“I want to learn/do/both”) as a search option in its navigation bar, inviting the audience feel like they have an active role in the experience.

The lasting connections created by this kind of inclusive content attracts not only new customers, it also retains their existing customer base; giving convert a whole new meaning. Whole Foods creates a community of health and earth-conscious consumers and the content it produces supports that idea.

5. Patagonia and Social Responsibility

Patagonia’s mission is rooted in social responsibility. “Build the best product, cause no unnecessary harm, use business to inspire, and implement solutions to the environmental crisis.” Goals such as these aren’t easily communicated by traditional forms of marketing. That’s why, Patagonia uses content to get their message across. At the same time, building a tribe of people who share those values and support the community through purchases.
 

Patagonia’s blog, The Cleanest Line, shares stories about the environment, including firm declarations about where the company stands on ethical and environmental issues. The company has also co-created podcasts about the outdoors with the Dirtbag Diaries, and produced and supported short films that tackle environmental issues. On example of this is The Refuge about two women from the Gwich’in people of Alaska who are on a quest to protect their land.

Patagonia has a large, active and engaged social media following, which they use as key distribution channels to drive fans to the longer-form blog content and spread their environmental message - rather than promote sales. 

Source: ‘The Refuge’, YouTube

6. Starbucks Animated Series

Starbucks is no stranger to innovation. They have mobile apps, massive social audiences (36 million fans on Facebook, 12.6 million on Instagram) and also a thriving YouTube channel. But it wasn’t until recently that Starbucks really began to kick some goals in regards to innovation. 


Starbucks did already have a blog, 1912 Pike, but the site was sales driven; only offering recipes and information about brewing and sourcing coffee. The brand’s exisiting social channels were focused on consumer engagement and popular Starbucks drinks (#PSL) and products (#RedCups).

Starbucks YouTube channel: Upstanders

Last September, Starbucks decided to take advantage of the opportunity to reach out to a larger audience by launching Upstanders (See video above). Starbucks first content series featured an original collection of videos, written stories, and podcasts that were produced by Howard Schultz, Chairman and CEO of Starbucks, and Rajiv Chandrasekaran, a former Washington Post editor. The series shares the experiences of Upstanders - ordinary people doing extraordinary things to create positive change in their communities.


Following its success, the company then launched 1st and Main, an animated web series featuring talking animals who work and hang out at Starbucks. This strange animated series was conceived by a trio of Simpsons writers who worked at Starbucks every morning and saw the Wifi log-in page as a missed opportunity to serve content to a captive audience.

Starbucks YouTube channel: 1st & Main

So what lessons can we take away from all of this? It’s one thing to have a creative slogan, great content or a viral video - just remember that these are all tactics. They will be forgotten as soon as they are remembered unless they are linked to some form of strategy or objective.

If you want to build a stronger brand, or truly connect with your customers in a way that will create sustainable competitive advantages, then leverage the things that your brand stands for or wants to stand for. Whether that’s sustainability, authenticity, or innovation, always try to create unique, personalised experiences and content, people want to share, tell a story that people can relate to and teach your audience something. Most importantly, remain agile, adaptable and never lose that competitive edge.

Alyce Brierley
Current student in the Master of Marketing program at the University of Sydney Business School

Friday, 18 August 2017

The Storytellers’ Secret Weapon

Being able to understand the archetype of your brand, and that of your competitors, is a powerful tool in a marketers shed! It can be used to produce content, review branding, or understand competitor dynamics.



You may have heard a reference to archetypes being thrown around in different presentations, discussions or from Contemporary Consumer Behaviour back in semester 1. What a Hero. Typical Jester! That’s out of character! But what is it all about? What are archetypes, and how can marketers use them to better position the brand and communicate to their audience with a consistent approach?

What is an Archetype?

To the story teller or writer, consider Robin Hood as the outlaw, or Bart Simpson as the rebel. An archetype is basically a personality or type of character for the brand.

Archetypes stem from the work of psychologists Sigmund Freud and Carl Jung. They were applied to marketing in The Hero and the Outlaw, a book by Margaret Mark and Carol S. Pearson. In this book, they translate Jung’s work into 12 archetypes that are at work in branding.

Officially, an Archetype is outlined in the image below…

The 12 Archetypes

There are 12 Brand Archetypes mapped in the matrix below, which were identified by Mark and Pearson, operate in one of four quadrants.
  • Discovery/Knowledge: The Innocent, The Explorer, The Sage
  • Vision/Structure: The Creator, The Ruler, The Hero
  • Belonging/Care: The Lover, The Regular Guy, The Nurturer
  • Change/Risk: The Outlaw, The Magician, The Jester.


Let’s take a look at them in detail.

The Innocent
Goal: To be happy
Traits: Strives to be good, is pure, young, optimistic, simple, moral, romantic, loyal
Drawback: Could be naïve or boring
Marketing niche: Companies with strong values, seen as trustworthy, reliable and honest, associated with morality, good virtues, simplicity, can be nostalgic
Example: Dove soap, Coca-Cola, Cottonelle bathroom tissue

The Explorer
Goal: Finds fulfilment through discovery and new experiences
Traits: Restless, adventurous, ambitious, individualistic, independent, pioneering
Drawback: Might not fit into the mainstream
Marketing niche: Exciting, risk-taking, authentic
Example: Indiana Jones, Jeep, Red Bull

The Sage
Goal: To help the world gain wisdom and insight
Traits: Knowledgeable, trusted source of information, wisdom and intelligence, thoughtful, analytical, mentor, guru, advisor
Drawback: Could be overly contemplative or too opinionated
Marketing niche: Help people to better understand the world, provide practical information and analysis
Example: BBC, PBS, Google, Philips

The Creator
Goal: Create something with meaning and enduring value
Traits: Creative, imaginative, artistic, inventive, entrepreneur, non-conformist
Drawback: Could be perfectionistic or impractical
Marketing niche: Visionary, help customers express or create, and foster their imagination
Example: Lego, Crayola

The Ruler
Goal: Control, create order from chaos
Traits: Leader, responsible, organized, role model, administrator
Drawback: Could lack a common connection, or be too authoritative or controlling
Marketing niche: Help people become more organized, restore order, create more stability and security in a chaotic world
Example: Microsoft, Barclays, Mercedes-Benz

The Hero
Goal: Help to improve the world
Traits: Courageous, bold, honourable, strong, confident, inspirational
Drawback: Could be arrogant or aloof
Marketing niche: Make a positive mark on the world, solve major problems or enable/inspire others to do so
Example: Nike, BMW, Duracell

The Lover
Goal: Create intimacy, inspire love
Traits: Passionate, sensual, intimate, romantic, warm, committed, idealistic
Drawback: Could be too selfless or not grounded enough
Marketing niche: Help people feel appreciated, belong, connect, enjoy intimacy, build relationships
Example: Victoria’s Secret, Godiva Chocolate, Marie Claire

The Regular Guy
Goal: To belong, or connect with others
Traits: Down to earth, supportive, faithful, folksy, person next door, connects with others
Drawback: Could lack a distinctive identity and blend in too much
Marketing niche: Common touch, solid virtues, gives a sense of belonging
Example: Home Depot, eBay

The Nurturer
Goal: To care for and protect others
Traits: Caring, maternal, nurturing, selfless, generous, compassionate
Drawback: Being taken advantage of, taken for granted, or exploited
Marketing niche: Help people care for themselves, serve the public through health care, education or aid programs
Example: Mother Theresa, Campbell’s Soup, Johnson & Johnson, Heinz

The Outlaw
Goal: Break the rules and fight authority
Traits: Rebellious, iconoclastic, wild, paving the way for change
Drawback: Could take it too far and be seen in a negative way
Marketing niche: Agent of change, advocate for the disenfranchised, allow people to vent or break with conventions
Example: Harley-Davidson, Virgin (Richard Branson)

The Magician
Goal: Make dreams come true, create something special
Traits: Visionary, charismatic, imaginative, idealistic, spiritual
Drawback: Could take risks that lead to bad outcomes
Marketing niche: Help people transform their world, inspire change, expand consciousness
Example: Disney, Wizard of Oz, Apple

The Jester
Goal: To bring joy to the world
Traits: Fun, sense of humour, light-hearted, mischievous, irreverent
Drawback: Could be seen as frivolous or disrespectful
Marketing niche: Help people have a good time or enjoy what they are doing, allow people to be more impulsive and spontaneous
Example: Motley Fool, Ben & Jerry’s, IKEA

How can Archetypes be used?

A brand archetype should be integrated into all aspects of marketing, and communicated consistently to customers.


Content creation
The way your brand speaks, writes and communicates should align with your archetype. If you are a
If Darth Vader were to make a joke about light-sabres, it would be out of character. This inconsistent approach would undermine his position. The same is true for brands.


Image/branding
Your logo, colours, font and imagery should also consistently communicate your archetype. Darth Vader wearing pink shoes? Yeah…you get the point! How your image comes across can re-affirm your position, or initiate a PR nightmare!


Competitor analysis
What does your category look like? The not-for-profit sector could be seen as an innocent category, but brands operating within that can align differently. Understanding the dynamic within your competitor set can uncover an opportunity, or allow you to exploit a weakness in their archetype.


So as you can see, brand archetypes can be a powerful marketing tool. Brands with a strong, clearly communicated personality are more likely to resonate longer with consumers. Understanding the position of your brand and competitors can produce more effective content and inform branding. 

Further reading

To learn more about building brands, take a look at The Hero and the Outlaw: Building Extraordinary Brands Through the Power of Archetypes, by Mark & Pearson (2001). Slideshare looks at archetype groups more in detail in an Archetype Overview From The Hero And The Outlaw.

The research of Faber and Mayer (2009) is the basis for an analysis measuring participant attitudes toward popular brands by matching them with archetypal descriptions and explores possible correlation between product category and archetype. And for a cross-cultural analysis about Points of View & Brand Personality, go no further than Millward Brown.

Mike Joyce

Brand Strategist and Current student in the Master of Marketing program at the University of Sydney Business School

Monday, 14 August 2017

The Privacy Trade-Off

What is privacy? And just what kind of price are consumers willing to pay for theirs? Web services such as Facebook and Google may be 'free', but the truth is that being connected does come at a cost. Targeted ads provide value for customers, but challenge the traditional need for privacy. So when the law hasn't yet evolved in response to the collection of big data, how do we know where to draw the line in the sand?


For users of social media, Facebook's free platform offers a way to connect with the world. Their ad platform exists so users don't have to pay, but even if they did, the network wouldn't be so comprehensive if there were costs involved. For Facebook to maintain what's called 'critical mass', every single user would have to pay dollars for their services. The thing is, what most people don't realise is that they are actually paying for it now. Not with money, but with their privacy.

USYD's Marketing Matters explores the concept of privacy and what it means in this day and age by exploring the learning from Terry Beed's guest lecture for Regulatory Environment & Ethics. Louis Brandeis and Samuel Warren define privacy perfectly in their essay The Right to Privacy, stating that privacy is a right valued by civilised men-something that is essential to democratic governance and an integral part of our humanity.

We have the 'right to be alone'.

Louis Brandeis and Samuel Warren championed the protection of the private realm as "the foundation of individual freedom in the modern age." Nowadays, marketers have the ever-increasing capacity to invade consumers' personal activity.

Internet marketing brings forth a myriad of privacy challenges. And for the new breed of marketers who use targeted, behavioural marketing, without regulatory enforcement, the increased data available on the web could lead governments, companies and criminals alike to exploit consumers' rights.

Privacy is a concept in disarray. 

In Daniel Solove's essay Taxonomy for Privacy (2006), privacy is described as being 'a concept in disarray'. Solove writes, "Nobody can articulate what it means. As one commentator has observed, privacy suffers from 'an embarrassment of meanings'."

The Taxonomy For Privacy is a framework for understanding privacy in a pluralistic contextual manner, which explores the fear of what happens to private information. These fears are grounded in:

  1. Collection: surveillance and interrogation.
  2. Processing: aggregation, identification, insecurity, secondary use and exclusion. 
  3. Information Dissemination: breach of confidentiality, disclosure, exposure, increased accessibility, blackmail, appropriation and distortion. 

Privacy regulations are more than just guidelines. 

In countries, such as Germany, tough legislations exists to fight against the systematic erosion of privacy rights. In Australia, the AMSRS has outlined a code of conduct for marketers, and the Privacy Act 1988 (Cth) is currently being ammended. 

In 2006, the Australian Law Reform Commission (ALRC) commissioned a review of privacy and found that the overwhelming message was that Australians care about privacy, and they want a simple, workable system that provides effective solutions and protections. 

Source: ALRC

A similar study by the OAIC found that there was a 15% increase in Australians willing to divulge personal information; a number that rose from 43% to 58%. However, 50% were more concerned about providing their information over the Internet. 

"Australians believe the biggest privacy risks facing people are online services - including social media sites. Almost a half of the population (48%) mentioned these risks spontaneously. A quarter (23%) felt that the risk of ID fraud and theft was the biggest, followed by data security (16%) and the risks to financial data in general (11%). Young Australians were most concerned about personal information and online services, with six in ten (60%) mentioning this as a privacy risk."

See the full breakdown below:

Reluctance was the biggest barrier, with most consumers signalling that they felt that organisations often had no right to know their personal data, or the fact that it might lead to unsolicited direct marketng. Interestingly enough, they were less concerned with financial loss due to scams.

More recently, the ALRC considered legal liability for data breach in its inquiry into remedies for serious invasions of privacy. The 2014 Report, Serious Invasions of Privacy in the Digital Era (ALRC Report 123), concluded that regulatory responses, including mandatory data breaches, are a better way to deal with data breached than a civil action for invasion of privacy. 

What this means for Australians is that instead of being blasted with headlines touting 'the end of privacy', we will soon be ushering an era of 'privacy protection'. 


The privacy market is a big business. 

Businesses value Facebook's billions of users, as much as their ability to use targeting services to reach the right audience. As the technology advances, this form of advertising will become more intrusive. For example, did you know that Facebook already has the right to endorse sponsored posts without your permission?


You see, what makes this form of advertising so successful is a little thing called 'retargeting;. By using tracking pixels, browser data is stored in what's known as cookies, which assist in improving the shopper experience. 

In the EU, websites recieve 'informed consent' when using cookies and users are notified when accessing the sites. While privacy concerns are legitimate, cookies are nothing more than pieces of data. 

The ultimate trade-off. 

There are some benefits to sacrificing privacy. For example, recommendation engiones help consumers discover great products that they might actually be interested in, which greatly enhances the online shopping experience. An app developer can analyse your behaviour to fix bugs that they may not have otherwise known about. 

Additionally, these benefits are no longer limited to digital - target marketing is beginning to migrate into bricks and mortar. Until recently, digital billboards are nothing more than slideshows. Now a company called Clear Channel Outdoor has introduced billboards featuring dynamic targeting advertisements that are programmed to target specific locations. 

One of the hurdels that could possibly impede further advancement is the consumers themselves. Consumers will need be acclimatised to changes gradually in order to help alleviate their fears over how their information is used. 


No matter what the future of technology and digital marketing brings for consumers, companies and their stakeholders, to an extent, it will always be important to respect privacy. However, at the rapid pace of technology evolution, regulation can rarely keep up with the change. So it is up to us to trust ourselves to do what is right and not add to the erosion

Alyce Brierley.
Current student in the Master of Marketing program at the University of Sydney Business School.

Friday, 11 August 2017

MoM Student Survival Guide

Are you feeling a little out of touch? Don't know which way is up and which way is down? In the last post, Marketing Matters covered the Marketing essentials necessary to get by this semester. This time, MoM asks some current and graduating students about how they've survived university life so far. 


What do you wish you knew about the course before you started studying?

Mitha, graduating MoM student, Digital Marketer at Glass Financial.
Time flies. 1.3 years will go by so quickly without you even realising it. So make sure to maximise that time. Don't isolate yourself, make the most of what the university can offer - from colleagues, experienced tutors, business-based clubs, events, and even resource access in the library that you'd usually have to pay thousand bucks for if you didn't have the free access from uni.

Ayesha, current MoM student, Director of Training at ILSC Sydney. 
The most important thing when it comes to this course is time management. It may look like the assignment is due in 7 days but trust me, next thing you know you only have 7 hours left! If I knew juggling work, family, and full time studies would be that hectic I probably would have considered things differently. So please do not underestimate the time and effort it consumes to get a distinction. Take things step by step. Maybe it seems daunting initially, but once you get in there you will surely enjoy the journey! Just know that we are all here for each other, so please reach out if you need any help!


What is the most rewarding thing about the Master of Marketing program?

Kevin, graduating MoM student. 
The most rewarding thing about the Master of Marketing program for me is being able to gain and share knowledge from aspiring and/or experienced marketers all over the globe. It's the most notable reward for me because not only have they helped me grow as a marketer, but they've also become friends that I will cherish for life.


Donna, graduating MoM student. Marketing Manager at Bridge Climb, Sydney. 
The Masters really gave me insights into many areas of marketing which i didn't have a great deal of exposure to. Global marketing, for instance, was something that interested me. Looking into ways to market to different cultures and create thoughtful and indepth strategies that are aligned. This will certainly assist me in my new role. Also, the opportunity to work alongside amazing like-minded people and bounce ideas off of others was extremely beneficial. Marketing to me is all about "what's next?" and asking the question of "how can we better engage with our customers and continue to improve what we offer them?". It was a breath of fresh air to be among people striving to do the same.

How has the degree prepared you for your career?

Nicole, current MoM student. Communication Coordinator at Institutional Analytics and Planning, University of Sydney. 
This degree has prepared me for my career by covering all facets of the marketing world. It truly opened my eyes to the different aspects of marketing that give grads a competitive edge. Performance reporting, internal marketing and the hands-on experience of working as a consultant are only some examples of what provides a relevant well-rounded experience regardless of the position you obtain post-graduation.


How do you balance the study load with work, family, and friends?

Ashleigh, current MoM student. Healthcare Professional and Expert Sales Representative at GlaxoSmithKline (GSK).
In regards to work life balance - I think the main thing is being extremely organised with your study plans and preparations, and set times and goals for doing assessments. Also try and work with others who have similar work ethic so you may find it easier to stay on track. Ensure to always have study breaks and try and do something fun and with family and friends at least once a week. Go outside - you can study and get some vitamin D too.


Daniela, graduating MoM student.
Overall, one of the most important things I've learnt during my experience was to manage time efficiently. Everyone is capable of accomplishing anything they want to but time is a key player to achieve those goals. Being under pressure during hectic situation makes you become adaptable and quick thinking in any circumstance. My advice is to fill the schedule as much as possible because having free time ends up in procrastination. Instead, if you designate a set time to any task, you can accomplish so much more.


What tips do you have for students commencing the Consulting Project?

Kim, graduating MoM student. Current Marketing Manager at Get Craft. 
The ethics approval is a tedious process that takes a really long time. So I recommend submitting it as early as possible when you get to part two of the Consulting Project. My client was the University of Sydney's Centre for Continued Learning, so it was a low risk category, but it still took two months to receive the response after the initial application. It can take even longer if you need to do research with children.

Rebecca, current MoM student. Project Manager.
For me the most challenging aspect of the consulting project was the amount of time it took putting together the transcripts. It takes about 3 times the length of the recording to type it out and then additional time to correct typos and formatting. You also have to listen to your own voice in slow motion for hours and hours! I ended up having two interviews transcribed professionally and it cleared my head to focus on the project. It's around $1.40/minute, but it can add up quickly. For example, one of my interviews was 48 minutes long. I wish I'd put money aside in advance because it was worth it. There are phone apps out there, but I didn't really trust them to do an accurate job.


Do you have any other helpful tips for commencing students?

Lizette, current MoM student. Community and Events Manager, Incubate, University of Sydney.

  1. In regards to class, learn the basics. Don't expect everything you need to be taught in class so prepare to allot time outside of the classroom to study; this is a master program after all. 
  2. Prepare your meals properly because you'll end up eating junk food if you don't plan
  3. If you're working, make sure you inform your colleagues and people around you about you class commitments ASAP. This becomes highly important during assessment time when you have due dates.
  4. People wise, be smart about who you work with; this is your career so manage your team wisely. If team members don't pull their weight with work, pull them into line. The most stress I've gotten was mainly from group work.
  5. What makes good friends doesn't necessarily make good colleagues. In the university environment, you're looking for colleagues
  6. The university offers lots of opportunities on campus. Think about what interests you the most. You'd be surprised about all the different areas you can get support. A lot of MoM students also work on campus, and they'd be happy to give you a recommendation or referral to someone who might know more. 
  7. On the other hand, don't be afraid to try new things, there's no better place than uni to do that! Attend a meetup or society outing even if the activity is something you've never done before. 
MoM students interviewd by Alyce Brierley
Current student in the Master of Marketing program at the University of Sydney Business School.
















Monday, 7 August 2017

MoM: Marketing Essentials Survival Guide

Going back to student life after spending years in the workforce can be overwhelming at the best of times. For those joining the Master of Marketing program in semester two, well I understand that it might be a shock to the system. But don’t worry! MoM has got you covered with this handy semester survival guide for all your marketing essentials.


Before you start feeling defeated by the heavy workload and lack of social life, just remember that we’re all here to help each other succeed. The University of Sydney has loads of workshops for maths, excel; while the Library’s Pat Norman holds workshops for using the databases; APA Referencing - there’s even a workshop on how to use Endnote if you haven’t already signed up.

But for now, let’s get you up to speed on the marketing basics.


5Cs Analysis 

Source: SMS

The 5C Analysis is one of the most commonly used frameworks, perfectly suited to understanding the internal and external environments, as well as identifying the key problems and challenges facing the company.
  • Company: Explore existing and potential problems with the company's business; the vision, strategies, capabilities, product line, technology, culture and objectives. 
  • Customers: This situational analysis involves knowing the target audience, their behaviours, market size, market growth, buying patterns, average purchase size, frequency of purchase, and preferred retail channels.
  • Competitors: A competitor analysis is crucial to understanding the external environment in which the firm operates. This involves knowing the competitors' strengths, weaknesses, positioning, market share, and upcoming initiatives.
  • Collaborators: Collaborators are otherwise referred to as external stakeholders with a mutually beneficial partnership. Understanding the capabilities, performances, and issues of agencies, suppliers, distributors, and business partners helps to better identify business problems. 
  • Climate/Context: This is the evaluation of the macro-environmental factors affecting the business. A PESTLE or PEST analysis framework can be used to analyse the economic, social/cultural, technological, environmental, and legal scenarios.

STP Targeted Marketing 


Segmentation, Targeting and Positioning, or STP, is a three-step process used in targeting marketing plans, and after SWOT is one of the most commonly applied models in practice.
  1. Segmentation: Identify potential market segments you could target in a marketing campaign.
  2. Targeting: Customise marketing campaigns and communication channels that appeal to each segment. 
  3. Positioning: How a brand or product is aligned within the target market. 

PESTLE or PEST Analysis 



The PESTLE/ PEST frameworks are used to explore the external environment of a company, providing an in-depth understanding of specific trends of the market from a macroeconomic perspective.
  • Political: Laws, global issues, legislation, and regulations. 
  • Economic: Taxes, interest rates, the stock markets, and consumer confidence.
  • Social: Lifestyle and buying trends, media, major events, ethics, advertising, and publicity factors.
  • Technological: Innovations, access to technology, licensing and patents, manufacturing, and global communications.
  • Legal: Legislation - both current and potential.
  • Environmental: Local and global environmental issues, and their social and political factors. 

SWOT

Source: Slide Model 


S.W.O.T. is an acronym that stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis is used to investigate the internal environment of the company based on its products and services. 

Strengths and weaknesses, such as patents and reputation, are internal to the company’s reputation. Whereas opportunities and threats, like competitors, developing technologies and legislation, are part of the part of the external market.


The Marketing Mix - 7Ps and 4Ps

Source: Marketing Mix

Traditionally known as the core 4Ps of Product, Price, Place and Promotion, the 4Ps were designed at a time where businesses sold products rather than services and the role of customer service in helping brand development wasn't so well known. Nowadays, the extended ‘service mix P’s'- People, Physical environment and Processes is more commonly used when reviewing competitive strategies.

Competitor Analysis 


A Competitor Analysis framework helps to identify competitors and evaluate their strategies to determine their strengths and weaknesses. This critical aspect of any marketing strategy first identifies competitors, determines whether they are direct or indirect, categorises their products/services, profitability, growth pattern, marketing objectives and assumptions, current and past strategies, organisational and cost  structure, strengths and weaknesses, and market share.

The simplest way to make comparisons with competitor’s products and services is to make a competition grid which will clearly illustrate how your company fits into the market.

Porter's Five Forces

Source: Mind Tools

Harvard Business School professor Michael Porter published this business strategy tool in 1979, to aid with the analysis of an industry's attractiveness and likely profitability. This framework goes beyond analysing competitors by examining other factors that could impact the business environment. These five forces that make up the competitive environment, are those which could possibly erode the profitability of a company.
  1. Competitive Rivalry looks at the number and strength of competitors in terms of quality. Fierce rivalry can induce aggressive price wars and high-impact marketing campaigns. Saturated markets allow suppliers and buyers to go elsewhere if they don't perceive enough value. 
  2. Supplier Power is determined by how easily suppliers can increase their prices and how expensive it would be to switch from one supplier to another
  3. Buyer Power looks at how much power consumers have to drive down prices or switch to a rival. It is better to have many customers then only a few who you rely on.
  4. Threat of Substitution refers to the likelihood of your customers finding a substitute product or service. A substitution that is easy and cheap to make can weaken your position and threaten your profitability. 
  5. Threat of New Entry concerns how a company's position is affected by the people's ability to enter that market. Strong and durable barriers to entry allow a company to preserve their position in the market.

Value Proposition 


Finally, the most important of all is the value proposition. It is a concise business or marketing statement that a company uses to summarise why a consumer should buy a product or use a service. With aspects relating to the core and augmented product, it communicates how a product solves pains and needs, communicates the specifics of the added benefit (augmentation), and states the differentiating aspects. 

Still confused? Sign up to any of these USYD workshops to get you up to speed:

Learning Centre
For English skills as well as other topics such as note-taking, time management, etc.
Location: Level 7, Education Building A35
Maths in Business
For Maths and Excel skills.
University Library 
Make use of the library resources and find the data you need.

Career Centre
Get help applying for jobs, writing resumes, etc.
Location: Level 5, Jane Foss Russell Building