Showing posts with label ford. Show all posts
Showing posts with label ford. Show all posts

Tuesday, July 29, 2014

The Former CEO of Ogilvy & Mather on Personal Branding

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Shelly Lazarus has been building brands at Ogilvy & Mather for more than 40 years.  When she joined the agency in 1971, she was one of few women in the advertising field.
 
Twenty-six years later, having steered successful branding efforts for clients such as IBM, Ford, American Express and Unilever, she was named its Chairman and CEO. What does this business trailblazer, Advertising Hall-of-Famer and current Board member of Merck, G.E. and Blackstone recommend to people who want to build their own brand?  I recently sat down with Lazarus and an audience of senior professional women, to discuss personal, rather than corporate, marketing advice.  In this condensed and edited interview, Lazarus shares her thoughts on what “brand” really means in a career context, and why simply being yourself may be the best strategy of all—for women or for men.
 
What can a personal brand do for your career, and what’s the best way to start building one?
Here’s the thing: I hate it when people talk about personal brand.  Those words imply that people need to adopt identities that are artificial and plastic and packaged, when what actually works is authenticity.  One of the fabulous things I’ve enjoyed about my career is collaborating with so many leaders across different industries and countries, and without exception the successful ones have been comfortable in their own skin.  Resilience —the ability to hang in there when things are difficult—is critical in a career, and if you’re spending every hour of the day pretending to be someone you’re not, you’ll be exhausted and won’t have the energy needed to face your real work. On the flip side, if you’re genuinely excited about what you’re doing, and have that light in your eyes, it will attract other people to you, and motivate them.

How does the recommendation to “be yourself” hold true if you’re not certain you’ll be effective? 
Expressing a point of view is always legitimate, and if you’re doing it because you’re genuinely passionate about a topic, I don’t think anyone will have a problem with that. If you’re valuable to the organization and advocate strongly for an idea, what’s the worst that can happen?  Even if the project doesn’t move forward, you’re not going to get fired.

What you do need to pay attention to, however, is style —not just what you say, but how you say it.  People tell me I smile a lot —but I’m strong.  I express very clear and forceful opinions, but I try to do it nicely.  You don’t have to be mean to be powerful, and you can do anything with charm.

How would you advise people who are nervous about putting themselves out there and making mistakes?
Early on in my career I was in my boss’s office and the media planner came in to his office and she starts literally running in circles.  That’s not just a metaphor. She was going around like that because we were supposed present the media plan to a big client and the computer was down.  My boss gets in front of her, grabs her by her shoulders and shakes her and says, “Karen, what do you think they’re going to do to you?  Take away your children?”  Regardless of the situation, if you’re really valuable and you do a great job, you’re not going to get fired.  Somebody’s not going to think your idea is smart?  So what?  You won’t forget it for weeks, but they’ll forget it five minutes later.  Take a chance.  Just speak your mind.  There’s no bad outcome.

Does a personal brand have to change as you become more senior in your company?
There’s a common misperception that you have to take on a new persona when you enter the leadership ranks: to become more restrained, intellectual, cerebral.  But that doesn’t do anything for you.  Brands exist in the hearts and minds of the people who use them, and if you suddenly try to switch them—which I’ve seen many corporations try to do —you alienate the customer.  Whatever humility or generosity or warmth made me successful early in my career when talking to a brand-manager level client, I tried to keep when we were both promoted and sitting in corner offices.

When you think about people with strong personal brands, who comes to mind?
David Ogilvy, the founder of our agency, was one of the world’s great salesmen, and completely outrageous.  He wore kilts to work.  Once we were at a client dinner and he ordered five of those little jam jars you get with hotel breakfasts, plus a spoon.  If you can’t be brilliant, he said, at least be memorable.  Trust me: If you met David, you remembered.

What advice do you have for today’s aspiring leaders about being memorable within their own organizations?
Pick your words carefully— and say what you really mean.  David had principles by which he led Ogilvy, and unlike with so many corporate mission statements, his are impossible to forget.  Whereas other companies might say, “Politicians don’t do well here,” David said, “We abhor toadies.”  Other leaders might tell their employees to respect the product’s end user; according to him, “the consumer isn’t a moron; she’s your wife.”  Every so often during my tenure leading Ogilvy these hot stuff young copywriters would want to overhaul the principles, and inevitably they came back with a version that together we’d rip right up, because it had lost all of its passion and uniqueness and fervor.  When you’re leading people towards something important, losing your authentic voice is the last thing you want to do.

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Joan Solotar is a Senior Managing Director, Head of the External Relations & Strategy Group, and a member of both the Executive and Management Committees at Blackstone, the global private equity and alternative asset management firm.

Friday, December 27, 2013

Two Concepts that Expanding Companies Should Remember


Jerry Cahn 

I teach a course in Business Strategy for CUNY; among the topics I focus on is growth through global expansion. A key implication of understanding the “flat world” philosophy, is to realize that companies need to adopt a transactional approach –one in which offices anywhere in the world, and not just the traditional HQ in the US or Europe, can provide key corporate services, such as R&D, marketing and sales.

We also spend time understanding why so many top companies have stumbled when trying to serve emerging growth countries they don’t really understand the needs of local residents to whom they will market and sell their products. For instance, just recently Walmart, the leading US retailer, announced earlier this year a retreat from their initial approach in India, and the need to alter it. They’ve had similar experiences in other countries.

Ram Charan, the world-renown business advisor to several Fortune 500 firms, addresses these issues in “Global Tilt; Leading Your Business Through the Great Economic Power Shift”.  He focuses on 2 concepts which we all should remember regardless of where we’re expanding our companies. Here are 2 concepts that expanding companies should remember: Outside-In and Future-Back.

Outside-In refers to the need NOT to focus on the expansion solely based on your competencies (strengths), but to also recognize the need to see it from the point of view of the countries’ customers for whom buying values are different than those of our domestic customers.

For instance, when Nabisco tried to figure out why their Oreo cookies were leading their market in China as they have for years in the US, they realized that they needed to understand customers better. It turns out these new customers didn’t like round cookies nor did they associate “milk and cookies”. 

A sweeter, smaller and wafer-like cookie was introduced to this market and became #1. Procter & Gamble has done the same in trying to understand how customers in other cultures look at several products, including Tide and Head & Shoulders.

Future-Back refers to focusing on the end result, and then working backward to see what really would lead to getting there, Steven Covey address the same concept in the last of his The 7 Habits of Highly Effective People: start with the end in mind. Ram takes it to the truly strategic level: extend your time horizon as you assess the world and imagine what the competitive landscape will be as much as 20 years in the future.

The key is to work backward by thinking of the implications for the present. For instance, if 20 years from now there will be more cars being used and sold in China than the US, thinking through the segmentations that are likely to be there at that time guide you on current decisions.

In India, Tata Motors introduced a car several years ago give families of 3-4 people who travel in the morning to school and work a safer yet affordable option than their motorcycle.  So instead of buying a $1500 motorcycle, Tata offered a $2500 car, which was very basic; no air-conditioning, no dashboard storage compartment, etc. The Nano received lots of publicity as a major breakthrough.

This year, Tata revealed that sales for the car are so few that they are losing money on it. Why? They concluded that if people are going to spend more money on a car, they want one with some creature comforts. So, they are upgrading it and will price it now at $3500.  A few weeks later, Ford announced that it was introducing a new car for the emerging markets – priced at $10,000.

Ford’s decision suggests that car buyers want more than basic performance plus few comforts and that the new Nano will still not be sufficiently attractive for the Indian target.

As you think of expanding your company to new markets – domestically or internationally doesn’t matter. You need to take these two concepts into account when planning.  Are you?  Share your stories and experiences with us.

Wednesday, April 3, 2013

13 Mobile Trends for 2013 and Beyond (April 2013) - see slide show

by on Apr 01, 2013

http://www.slideshare.net/jwtintelligence/13-mobile-trends-for-2013-and-beyond 

The mobile is moving well beyond its role as a communication device, becoming an enabler for a wide range of experiences from TV viewing to shopping to banking. And mobile connectivity is disrupting industries from retail to auto to finance and beyond. The consensus is that change is occurring at an astonishing scale and speed.

In this report, JWTIntelligence outlines key trends in evidence at the GSMA’s Mobile World Congress, held in Barcelona in late February, along with examples that illustrate these developments and implications for brands. The report also incorporates insights from interviews with several mobile experts and influencers.