“You cannot solve a problem with the same thinking that caused the problem” – Einstein
Please re-read that quote. Commit it to memory and let’s, together, take action based upon it.
It happens far too frequently in business. A company is in a rut and has done a poor job of anticipating market trends, has no alternative/contingent plans and goes back to the same team they’ve used to help bail them out.
Of course, marketing played a key role in getting them where they are currently and — measurable marketing – can play a key role in getting them on track.
Consider these segments:
- Home Building
- Government (Many, but specific to oil reserves and supply)
General Motors just announced it has lost $15.5 Billion for the quarter. That’s correct, at that pace figure on a $62 BILLION yearly loss. All CAPS for an alarming reason. Yet, has GM, or any other automotive powerhouse dealt with the flawed dealer network system of purchasing vehicles?
The best selling vehicle 17 years running in the US: Ford’s F-150 truck. Not anymore. Honda, with so many eggs in your Accord basket, are you reading this blog?
I’m sure you can provide even more and better examples ( I hope you do), but the point is that many of these segments do not want to nor know how to change directions. In marketing, they still rely on dated models, including poor use of mass media where they think they can control the message. Newsflash: the world HAS changed and the consumer/prospect is in control, not the marketer. Despite this, many ad agency execs still lead with: “Killer Creative” and the “Breakthrough Idea.”
Worse yet, they line these folks up and seek their advice on how to make them profitable once again, not understanding the quote that Einstein so prophetically (profitically?) spoke.
Grant A. Johnson
Johnson Direct LLC