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- Wiley
More About This Title Grow the Core - How to focus on your Core Business for Brand Success
English
Grow the Core stands conventional wisdom about business growth on its head and provides a proven formula for growing your business in recessionary times.
These days, it′s a common belief among business leaders across industry sectors that the best way to grow their businesses is to expand into new markets. In reality, virtually all top–performing companies achieve superior results through a leading position in their core business. Unfortunately, there′s very little in the way of practical advice on how to do this. Grow the Core shows you how tofocus on your core business for brand success, with a program of eight workouts road-tested by the author's consultancy, the brandgym.
The book provides inspiration, practical advice and proven tools for building and strengthening your core business. It is packed with case studies from brandgym clients, including Mars, Friesland Campina, SAB Miller and Danone. The book features exclusive brandgym research, in addition to front–line experience on over one hundred brand coaching projects.
English
David Taylor is founder and Managing Partner of the brandgym, a network of senior brand coaches that help teams create a clear brand vision and the action plans to turn this into growth. Clients include Sainsbury’s, LVMH, Unilever, T-Mobile and SAB Miller.
David as been named one of the world’s 50 leading marketing thinkers by the CIM. He is the author of four successful books on branding published by John Wiley: The brandgym, Brand Vision, Brand Stretch and Where’s the Sausage were all number 1 on Amazon’s branding books ranking. He also writes brandgymblog.com, one of world’s top 60 marketing blogs.
David started his career in brand management with P&G before doing an MBA at INSEAD. He then started the Paris office of Added Value in 1993 and grew it to 50 people, leaving to create the brandgym in 2001, to spend more time on brand strategy, and less time bored in board meetings.
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Introduction xiii
PART I: WHY GROW THE CORE? 1
1. Defining the core 3
What is the core? 3
Anchoring the core 7
Key takeouts 9
Checklist 9
2. Stretching the brand, forgetting the core 11
Getting it right…brand stretch can work – Apple 11
Getting it wrong …brand ego tripping – Virgin 13
Snow White and the 17 dwarves 20
Neglecting the core – Bausch & Lomb 24
Key takeouts 25
Checklist 26
3. The case for the core 27
Two ways to make a million – Heinz soup 27
The case for the core 30
A new marketing mind-set – Scooty 30
The challenges of growing the core 32
Key takeouts 36
Checklist 36
PART II: GROW THE CORE PRINCIPLES 37
4. The core growth drivers 39
Core growth driver 1: Penetration 39
Driving penetration with distinctiveness 44
Fresh consistency – James Bond 48
Driving penetration with distribution 57
Core growth driver 2: Premiumisation 58
The Grow the Core workouts 59
The best brand in the world – Nespresso? 61
Key takeouts 65
Checklist 66
5. Renovation or re-invention? 67
Renovate the core – Walkers 69
Re-position the core – Lucozade 72
Re-define the core – Bertolli 76
Re-invent the core – Kodak and TomTom 77
Key takeouts 82
Checklist 83
PART III: GROW THE CORE WORKOUTS 85
6. Workout 1: Bake the brand into your product 87
Bake in your brand – The Geek Squad 89
Using product to grow your core 1: Amplify a
product truth – Morrisons and Castle Lite 92
Using product to grow your core 2: More of what you want – McDonald’s 97
Using product to grow your core 3: Less of what you don’t want – Walkers 99
Key takeouts 100
Checklist 100
7. Workout 2: Create a distinctive identity 103
Identity crisis 105
Being the 1 in 1000 106
Balancing freshness and consistency – Tropicana 108
Updating your identity – Nivea 110
Creating your identity – Charlie Bigham’s 111
Suggesting a benefit – Waitrose Essentials 113
Re-positioning – Green & Black’s 115
Adding value – Molton Brown 115
Packvertising – innocent 116
Family ties – Nescaf´e and Red Bull 118
Amplifying brand properties – Felix 121
Five-minute focus groups 122
Key takeouts 124
Checklist 124
8. Workout 3: Communicate with cut-through 127
Communication breakdown 129
Fresh consistency 132
Think like a TV producer 137
Creating a campaign – Sainsbury’s 138
Refreshing what made you famous – Hovis 140
What about social media? 144
Key takeouts 161
Checklist 162
9. Workout 4: Go beyond promotion to activation 163
Grab and go – innocent’s Big Knit 166
Creating an activation property – Carling ‘Be the Coach’ 168
Amplifying the property – Nike 172
Key takeouts 175
Checklist 176
10. Workouts 5 and 6: Drive your distribution 177
Workout 5: Existing channels 180
Workout 6: New channels 182
Key takeouts 188
Checklist 189
11. Workouts 7 and 8: Extend the core 191
Delivering a double whammy 193
Workout 7: Pack extension – WD-40 196
Workout 8: Product extension – Ryvita 199
Key takeouts 202
Checklist 202
PART IV: THE GROW THE CORE WORKPLAN 203
12. Grow the core – getting started 205
Stage 1: Insight 207
Stage 2: Ideas 214
Stage 3: Exploration 214
Stage 4: Action 215
Key takeouts 220
Checklist 221
References 223
Also by 227
Index 229
