74_77

Embed Size (px)

Citation preview

  • 8/2/2019 74_77

    1/4

    This view is in stark contrast to

    that espoused by Naomi Klein inthe flawed but brilliant No Logo;1

    whereas Upshaw and Taylor advo-

    cate a more central role for brand-

    ing within companies, Klein asserts

    that this has already happened and

    that the separation of branding and

    production has led to the shame-

    ful phenomenon of developing-world

    sweatshops slavishly producing branded

    products for developed-world markets.

    This has echoes of the perennial debate

    over the power of advertising, theparadox being that outside observers

    tend to overstate the sinister power of

    the advertising process while those

    working within the industry fret cease-

    lessly about whether they are having

    any impact at all.

    In oxymoronically titled chapter

    one, Built to Change, Upshaw and

    Taylor offer a definition of a mas-

    terbrand:

    Leaders with foresight are now reshaping

    their entire organizations around company-

    wide brands that are jointly owned by

    their people and their surrounding brand

    communities. We refer to these types of

    companies and their selling structures as

    masterbrands. Masterbrands are a company-

    wide brand force, composed of a central set

    of associated meanings and benefits, whose

    scope stretches from the companys strategic

    Back cover gushing endorsements

    should always be taken with a pinch ofsalt, especially with business books

    where those gushing the most

    profusely often turn out to be

    colleagues or business partners of the

    books authors. In the case of The

    Masterbrand Mandate, however, the

    glowing quotes elicited from such

    luminaries as David Aaker, Kevin Lane

    Keller and Charles Bryner (group chief

    executive, Interbrand Corporation)

    turn out to be fully justified.

    Companies the authors have workedwith include Bayer Corporation, Visa

    International, Walt Disney, Bell Atlan-

    tic, 3Com Corporation, Bank America

    and so on. From this wealth of

    experience Upshaw and Taylor have

    developed the concept of the mas-

    terbrand. The centrality of branding is

    well stated in the books foreword:

    One of the most enduring myths in global

    business today is that brands are solely a

    marketing tool. In the right hands, they are

    much more: a model for organizing, a struc-

    ture for selling and profit generation, a focus

    for achieving, and a template of performance

    metrics. The very fact that the word brand

    rarely appears in most management texts is

    a good indication of the latest wave of

    marketing myopia that has led brands to be

    compartmentalized as specialized weapons of

    the marketing department.

    74 HENRY STEWART PUBLICATIONS 1350-231X BRAND MANAGEMENT VOL. 9, NO. 1, 7177 SEPTEMBER 2001

    The masterbrand mandate: Themanagement strategy that unifies

    companies and multiplies valueby Lynn B. Upshaw and Earl L. Taylor

    (John Wiley & Sons, New York; 2000; ISBN 0 471 35659 X; 323pp; hardback;

    $29.95)

  • 8/2/2019 74_77

    2/4

    competitive entry which market

    latecomers have great difficulty

    overcoming public masterbrand companies often

    enjoy more positive reviews from

    Wall Street

    masterbrands tend to achieve

    greater leverage in the marketplace

    and to build upon that leverage

    by incorporating innovation and

    change.

    Each of these claims is backed up with

    convincing examples, paving the wayfor a discussion of how to grow the

    masterbrand community and how to

    interactivate the brand.comm.

    The nature of the brand community

    is a major theme of this book, and

    many useful and interesting observa-

    tions are made on the relevance of such

    communities to the health of the

    masterbrand. Brand communities are

    defined as strategically interdependent

    relationship clusters that form the

    spokes and wheel that surround andsupport a masterbrand. A brand

    community is peopled with the

    employees, customers, shareholders,

    suppliers and strategic partners, and

    other stakeholders, all of whom are

    sustained by a shared commitment to a

    pervasive masterbrand value proposi-

    tion. In a global and Net-driven

    context, masterbrands can deliver a

    focused and enduring meaning across

    cyperspace and time, along with aresilient and evolving relevance to

    global, regional, and local brand

    communities. Each chapter of the

    book includes a closing section of two

    or three pages entitled Managing your

    mandate, in which practical steps are

    outlined for successful implementation

    of the issues in question.

    With the exception of one hideous

    core, throughout its people and partners,

    enveloping its customers, and beyond to its

    outer perimeter of influence. Masterbrandsenact the continuously evolving positioning

    of a company among its competitors and the

    character that makes that company uniquely

    attractive to its constituencies. The mas-

    terbrand incorporates the company mission,

    vision, and values, but translates them into

    more concrete, leverageable forms.

    Having defined what a masterbrand is,

    the authors go on to stress the impor-

    tance of keeping the masterbrand fresh

    through regular reinvention, but with-out throwing the baby out with the

    bath water:

    In todays net-driven economy, built to last

    means built to change. The challenge is to

    continuously reinvent your company while

    maintaining its focus and identity. The man-

    date is to manage your company as a

    masterbrand, sustaining and sustained by its

    unique brand community.

    The benefits to be reaped by theexercise of such a masterbrand mandate

    are illustrated through success stories of

    the likes of IBM, Ikea and Wal-Mart.

    Six main benefits are identified:

    customer relationship management

    comes more naturally to mas-

    terbrand organisations

    it is simpler and easier for

    employees to experience and rally

    around a masterbrand than it is forthem to grapple with less concrete

    visions and values

    masterbrand companies forge

    s tr on ge r e mp lo ye e -c u st o me r

    relationships that provide sustainable

    momentum, which may very well

    grow exponentially

    masterbrand companies usually

    create sturdier barriers against

    HENRY STEWART PUBLICATIONS 1350-231X BRAND MANAGEMENT VOL. 9, NO. 1, 7177 SEPTEMBER 2001 75

    BOOK REVIEWS

  • 8/2/2019 74_77

    3/4

    customer perceptions especially in-

    ferences about our brand attitudes

    that drive customer loyalty and buildbrand communities.

    Keith Dinnie

    Book Review Editor

    Reference

    (1) Klein, N. (2001) No Logo, Flamingo,

    London.

    consumer and workplace trends, she

    predicts the eight formulae that will

    bring business success. Each is the

    subject of its own chapter, richly

    illustrated with business and other

    anecdotes. The driver behind the eight

    commandments is the increasing power

    of women as consumers. Women buy

    or influence 80 per cent of all

    consumer purchases, 80 per cent ofall vehicle purchases and 51 per

    cent of all consumer electronic pur-

    chases. Female-owned and female-run

    businesses generated US$3,6tn annually

    and employ 27.5 million people

    more than all the Fortune 500 com-

    panies in the USA, and as increasing

    numbers of women desert corporate

    life (women are leaving corporate

    neologism interglocalize the mas-

    terbrand the authors write clearly

    and fluently, using branding jargon toilluminate rather than to mystify. Up-

    shaw and Taylor conclude their excel-

    lent book with the following brand

    mantra: We fail to measure (and thus

    implicitly denigrate) allegedly softer,

    qualitative aspects of our performance.

    We do so at our peril, however, be-

    cause it is precisely these subjective

    76 HENRY STEWART PUBLICATIONS 1350-231X BRAND MANAGEMENT VOL. 9, NO. 1, 7177 SEPTEMBER 2001

    Eve-olution: The eight truths ofmarketing to women

    by Faith Popcorn and Lys Marigold

    (Harper Collins Business, London; 2001; ISBN 0 00710715 3; 272pp; paperback;8.99)

    A classic marketing text, written al-

    most 50 years ago, describes the func-

    tion of marketing as that of seeing the

    whole business . . . from the customers

    point of view.1 A study of segmenta-

    tion variables is often recommended as

    a way into the customers mind, and a

    way of identifying subgroups which

    respond in a similar fashion to the

    marketing mix. Despite this, the ques-tion of whether womens point of

    view differs systematically from that of

    men has been overlooked by market-

    ing texts. This book attempts to fill the

    gap.

    Faith Popcorn, the Nostradamus

    of marketing according to Fortune

    magazine, provides a whirlwind tour of

    her consulting experience. Drawing on

    BOOK REVIEWS

  • 8/2/2019 74_77

    4/4

    womans peripheral vision looks at

    times remarkably like merchandising

    coupled with strategic alliances. Thatsaid, there are some important mes-

    sages. Women like to have some say in

    the way products evolve (Popcorn

    calls this co-parenting), like products

    from companies whose policies ap-

    peal to them, and like products that

    take account of their multiple lives

    and preferences. The reviewers own

    qualitative research2 continues to show

    sharp discrepancies between the visual

    preferences of men and women, and abook such as this even if it has some

    rough edges is to be welcomed.

    George Davies was recently hired by

    Marks and Spencer to design a range

    of clothes for 2535-year-old-women,

    and has been quoted as saying that

    I have studied the whole psychol-

    ogy of women.3 Popcorn extends the

    debate as to what women actually

    want. Marketers and managers from

    other disciplines can be expected to

    derive benefit from this book. It hassome rich anecdotes, and may inspire

    more than a few ideas.

    References

    (1) Drucker, P. F. (1954) The Practice of

    Marketing, Harper and Row.

    (2) Moss, G. (1999) Gender and consumer

    behaviour: Further explorations, Journal of

    Brand Management, Vol. 7, No. 2, pp.

    88100.

    (3) Voyle, S. (2001) Nexts founder to fashion

    Marks and Spencer look, Financial Times,

    3rd February, p. 1.

    Gloria Moss

    Head of Research, Product

    Psychology

    Associate Lecturer

    Open University Business School

    America at twice the rate of men) the

    number of female-run businesses is set

    to increase. Womens collective buyingpower is now more than the economy

    of Japan, and Popcorn predicts that by

    2005 40 per cent of all firms will be

    owned by women. All this adds up, in

    Popcorns vision, to women being the

    pioneers of consumerism. As such,

    she considers that women will set

    the trend for the way products are

    fashioned and marketed. The direction

    that women consumers take is the way

    all consumers are headed.So in what direction are the signs

    pointing? According to Popcorn, what

    women do not want is just as

    important as what they do want. They

    shun control, avoid inconvenience and

    value different things from men. The

    example of womens growing use of

    alternative healthcare (65 per cent of

    the market in herbal medicines are

    female) is explained in terms of a

    female tendency to avoid control

    and seek involvement (being in-volved in basic decisions makes a

    woman stay involved). Differences

    between women and men are fre-

    quently referred to. Women do not like

    to be marketed to in an aggressive way

    and are wary of impulsive responses.

    They are not impressed by expensive

    advertising, pick up subtleties in-

    visible to men, and dislike lack of

    transparency.

    Popcorn is short on evidence halfa page is taken up with biological sex

    differences and some of the mes-

    sages cry out for more than anecdote.

    Some of the messages appear to

    be conventional wisdom repackaged.

    For example, her marketing to a

    HENRY STEWART PUBLICATIONS 1350-231X BRAND MANAGEMENT VOL. 9, NO. 1, 7177 SEPTEMBER 2001 77

    BOOK REVIEWS