@notesonthefly: on marketing as an art and a strategy
I started writing these notes in business trips, frequently on a plane, hence the @notesonethefly name. FMCG marketing these days comprises of so many areas, – from finance and P&L management to media and market research, and from communications to psychology – that in many ways it’s evolved beyond limits of a single function. It’s probably not an exaggeration to say that managing all these elements into a coherent strategy is as much an art as it is a pragmatic process.
Maybe because I started in Market Research and Media, I still believe that to get to the stage in a decision-making process when it’s about vision and creativity, it has to start with clear understanding of numbers, targets and with data analysis and excel models. By the way, dealing with data doesn’t have to be boring. This could be a creative process as well – if in disagreement, just read “Freakonomics”!
The devil is in details
For those of us, working in corporates, when we read articles about our company marketing approach or projects, frequently it’s difficult to fully relate to those, because most of the time internal context makes a big difference vs publication’s textbook approach. One of the first business cases I read in my times in LBS was a Honda case. It actually consists of two cases: one – analysis of consistent and brilliant Honda strategy on capturing US motorcycle market written by a leading strategy consulting firm; and second – a story of several Japanese businessmen, sent to US by Soichiro Honda himself to conquer the market. They lived in a cheap apartment, slept on the floor and reached initial success with their scooters almost by accident, because most of their expensive bikes had production defects and dealers didn’t favor them as well.