A great brand never killed a business but a bad business destroyed many iconic brands, writes Shubhranshu Singh in this week's Simply Speaking column for Storyboard18
I was at more than a few ‘summits’ this past month and I saw the glib irrelevance to which marketers have reduced themselves play out on stage again and again. I felt like laughing and crying at the same time. I am a business leader and a marketer. Earlier to my present dual role, I have spent a career in businesses run by marketers. I wasn’t taught to distinguish between the business and brand realities.
Brand and business are two frames for the same reality. We are living in times when more will change than ever before and in a shorter time than we have imagined. Disruption is not any longer a violent, cataclysmic change but a routine occurrence, emerging from hitherto unanticipated quarters. Marketers must understand, promote and deliver innovation that is - hopefully - disruptive in a value creating sense.
The seed of disruption lies in innovation. Innovation needs disciplined experimentation. But before you experiment you need a hypothesis - Can your marketing team generate enough? Are they trained in consumer shoes? Is there insularity or openness in developing brand building programs? Are you acting today with tomorrow’s logic or with yesterday’s logic? Progress heads, like a river, only in one direction. So does time. Therefore the only scientific basis for the proof of progress is the validation of ideas via experimentation and its consistency in results.
Experimenting should be done on business essentials. Only then can we expect faithful abiding by the results. Manifest reliable results on scale. One can’t race a speedboat in one’s bathtub. In a spray and pray model, success remains a lottery – the survival of the lucky few by a cosmic draw of lots.
In many brand unconscious businesses, marketing can be seen as indulgent, peripheral and non serious. Digital has made it more tactical and ephemeral. Being obsessed about clicks, swipes and likes without considering the return journey back to real business outcomes.