THE TRUE VALUE OF BRANDS IN OUR CHANGING WORLD
At last I’ve managed to get enough time to share the presentation that myself and Tom Farrand created for the Financial Services Forum in October 2009.
For those of you that followed the presentation on my Twitter feed and asked for the presentation here are the charts and an audio commentary from me.
In reality the presentation took about 45 mins so I’ve had to rush to crunch it down to 17 mins. You can just click through the slides if you don’t want to listen to me!
And for those that don’t even want to view the presentation or listen to the audio here are the key conclusions:
1. There is a brand bubble being created between valuation and consumer value
2. Consumers are increasingly getting frustrated with brands and business
3. There are disruptive changes which are causing this:
4. Consumption based economic growth is now compromising our well being
5. Consumption based economic growth is unsustainable
6. Connectivity and access to information can help facilitate change
7. Social and power structures are changing
The opportunity for brands and their businesses is:
1. Engage in the debate
2. Adopt a point of view and foster conversation
3. Be points of consistency in a changing world
4. Become the ideas around which businesses can adopt a more balanced approach to delivering not just for shareholders but for the common good
5. These social imperatives are a powerful way to deliver a brand’s commercial imperative – and this will constitute brand leadership going forward.
There are lots of big themes and trends here – get involved – please comment on this blog.
What do you think the future of brands is? Comment and share your ideas.
Justin (and Tom Farrand)
P.S. Apologies for the silence from my blog over the past couple of weeks – I’ve been working on various ideas which took my focus away from the blog.
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