Increasingly these days brands are accepting and embracing the fact they need to react swiftly to ongoing changes in the market. The above quote comes from The Wall Street Journal and an article about how luxury brand Cartier is approaching the reality of change. "If something happens, and you start to sense a reverse trend coming, you must be able to reduce production overnight, otherwise you will build up your stock and reduce your cash-flow," Cartier President and CEO Bernard Fornas told the newspaper. "I am able to reduce production at almost no cost, quicker than anybody else in the market," he says. "Similarly I can increase production quicker than the others. That is very important; we are in a volatile environment."
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- “More than ever, high-end fashion houses are selling to the full spectrum of prices and customers. And, surprisingly, cheap-chic brands may be giving couture—astronomically expensive made-to-measure clothing—a new lease on life.” - The Wall Street Journal
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- Brand Architect reports on developments in the marketing services industry and hopefully contributes to the thinking that is shaping the intersecting worlds of brand consulting, advertising and management consulting.
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- I am a founding partner of Sagacite, a management and creative consultancy focused on brands and branding. You can learn more about Sagacite by visiting www.sagacite.co.za
Books
Malcolm Gladwell: The Tipping Point
Brilliant insight into foundations of viral marketing (****)Jean-Noel Kapferer: The New Strategic Brand Management
Comprehensive and insightful (*****)Frans Johansson: The Medici Effect
Thesis on ideas from intersecting worlds (***)Jon Miller: The Business of Brands
Business book about the value of brands (***)John Gerzema & Ed Lebar: The Brand Bubble
Creation of true brand value (****)Taleb Nassim Nicholas: The Black Swan
impact of highly improbable events (****)Peter Schwartz: The Art of the Long View
Building scenarios (***)John Hunt: The Art of the Idea
Succinct insight and inspiration (****)Joshua Cooper Ramo: The Age of the Unthinkable
New rules for complexity (***)Kevin Lane Keller: Strategic Brand Management
The essential MBA text (*****)Dennis Sherwood: Seeing the Forest for the Trees
Excellent systems thinking book (****)Kees van der Heijden: Scenarios: The Art of Strategic Conversation
The book on scenario planning (****)Gill Ringland: Scenario Planning
Comprehensive introduction to scenario planning (***)Alice Tybout: Kellogg on Branding
Brand essays from renowned business school (***)Jim Collins: Good to Great
Written about companies, applies to brands (***)Jean-Marie Dru: Disruption
Useful for creative brainstorming (***)David Ogilvy: Confessions of an Advertising Man
David Ogilvy distilled (****)Philip Kotler & John Caslione: Chaotics
Marketing in the Age of Turbulence (***)Business Planning for Turbulent Times
New methods for applying scenarios (****)Rita Clifton: Brands and Branding
A good overview of strategic brand management (***)Jean-Marc Lehu: Branded Entertainment
Explains branded entertainment (****)Martin Lindstrom: Brand Sense
Argument for and how to craft sensory brand elements (***)W. Chan Kim: Blue Ocean Strategy
Brilliant strategic thinking (****)Edited by Nicholas Ind: Beyond Branding
Brands and society (***)Hugh Courtney: 20/20 Foresight: Crafting Strategy in an Uncertain World
Good toolkit (***)
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Reactivity, Flexibility and Speed
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With the speed of tech and the extended recession, people's thinking - the creators of brands - has changed forever. So, if you're not reviewing your business models entirely, you need to be gearing yourself along the lines of Cartier.
Posted by: Gary Hendrickse | March 20, 2012 at 03:07 PM
Excellent article.The author has written an informative article.I just wanted to comment to tell well done.Marvelous post.I never thought of that.
Posted by: Texas DPS | March 21, 2012 at 03:54 AM