Book Review: CEO Factory
CEO Factory by Sudhir Sitapati, Executive Director at HUL, provides sharp insights into building bands laced with numerous HUL anecdotes and remarkable management lessons. My key takeaways: Marketing is not about tom-tomming the product a company offers. It is not a creative role. It starts with understanding what a consumer wants, mobilizing the rest of the company into fulfilling the needs of the consumer, and then letting people know about it in the most efficient way. As a marketer/management professional, the most important thing is defining the problem correctly. Brands are shorthands that consumers use. These are trust-marks that have few specific and same associations for many consumers. Quality is a necessary but insufficient condition for a good brand. Start with broad segments and narrow it down only when there is compelling evidence. Holds true for most brands. Better positioned brands are better remembered. Ask 100 people about a brand, and if most of them...
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