Welcome | View My Profile | Sign Out
MediaPost Home About MediaPost Privacy/Terms Media Kit Sitemap
Publications Home News
Online Media Daily Media Daily News Marketing Daily Mobile Marketing Daily Search Marketing Daily
Daily Feed> Email Daily Feed> Video Daily Feed> Social
Online Blogs
Online Spin Email Insider Search Insider Behavioral Insider Online Publishing Insider Mobile Insider Video Insider Gaming Insider Performance Insider Metrics Insider Social Media Insider Just An Online Minute Daily Online Examiner Raw Blog
Media Blogs
Research Brief Diane Mermigas:On Media TV Watch TV Board Magazine Rack Media Creativity Notes From the Digital Frontier Digital Outsider Mad Blog Red White and Blog
Marketing Blogs
Engage:Hispanics Engage:Kids 6-11 Engage:Moms Engage:Boomers Engage:Gen Y Engage:Teens Marketing:Green Marketing:Sports
Magazines
OMMA Magazine Media Magazine
Subscribe
Feedback Loop RSS Feeds Archives Subscribe
Feb 24 OMMA Metrics Measurement (NYC) Feb 25 OMMA Behavioral (NYC) Mar 17 OMMA Global (San Francisco) Apr 14 Search Insider Summit (FL) Apr 18 Email Insider Summit (FL) Apr 27 Outfront Conference (NYC) May 12 OMMA Mobile (NYC) May 13 Digital Out-of-Home Awards (NYC) Jun 15 OMMA Video Jun 16 OMMA Publish (NYC) Jun 17 OMMA Social (NYC)
Recently Concluded Events
Jan 26 OMMA Social (San Francisco) Jan 25 OMMA Performance (SF) Jan 12 MEDIA Agency of the Year 2009 (NYC) Jan 11 OMMA Agency of the Year 2009 (NYC) Dec 6 Email Insider Summit (Utah) Dec 2 Search Insider Summit (Utah) Nov 3 OMMA Adnets (NYC) Oct 30 OMMA Video (LA) Oct 29 OMMA Mobile (LA) Oct 29 OMMA Mobile & Video (LA)
All MediaPost/OMMA Events Event Blogging Past Event Videos
Industry Events Calendar
2010 Digital Out-of-Home Awards
2010 MEDIA Agency of the Year 2009 2010 OMMA Agency of the Year 2009 2009 Creative Media Awards 2009 OMMA Awards 2009 Digital Out-of-Home Awards 2009 Media Agency of the Year
All Awards
Employment Situations Wanted Services Offered Post a Job
Briefs Reports Online
MediaPost Directories
Mobile Insiders Group
People Finder Edit My Profile View My Profile My Contacts My Calendar
HOME • MANAGE SUBSCRIPTIONS • MEDIA KIT
Report
From Recession To Recovery, Re-Invention
by Anne Mai Bertelsen, Thursday, November 19, 2009, 5:00 AM

SHARE

TOOLS

RELATED ARTICLES
TAGS:  Commentary

MOST READ

By all standard economic indicators, it appears that the U.S. is finally emerging from the worst recession in several decades. Even consumers have begun, albeit timidly, to venture out, shopping for non-essential items. So, it was fitting that the theme of this year's Idea Conference, presented by Creativity and <I>Advertising Age</i>, last Thursday focused on reinvention across a number of industries, e.g., automotive, technology, financial services, art, design, food, music.

The notion of re-invention -- the act of making as if for the first time something already invented whether in a different form or reviving -- is no new concept to marketers. There is a never-ending list of new, reformulated products or services. But, the roster of presenters, for the most part, were unique in how they re-invented or re-imagined their products, during a particularly difficult economic time. For instance:

Dogfish brewery: To create his beers, founder and president Sam Calagione stepped out of the "stylistic straight jacket" of beer manufacturing. Instead, he chose to produce beers that reference the wine world, calling out a brew's recipe lineage or the "nose" impact of ingredients. Beers like Chateau Jiahu, MidasTouch, Pangea and Olde School Barleywine.

LiveScribe: Chairman and CEO JimMarggraff, who re-invented LeapFrog and LeapPad, channeled the process of writing and drawing via pen and paper to develop products like the Pulse, a smart pen or LiveScribe dotpaper. These products let their users capture their thoughts on paper and then share them digitally, in multiple languages and formats.

ING: For Arkadi Kuhlmann, chairman and president of ING Direct USA, re-invention came when the company began looking at retail experience to re-imagine what the banking experience could look like. For him, thinking about the retail experiences opened up "endless possibilities" of what ING Direct could do or offer.

Audi America: CMO Scott Keogh noted that this recession hit the auto industry particularly hard, forcing many to retrench or fall back to a value-pricing model. For Audi America, it meant re-thinking what the notion of luxury meant in an era of tight credit and restrained consumer spending. Luxury was no longer about private prestige but rather public confirmation of purchase of well-known standard. That subtle nuance which is played out in all of Audi's marketing helped sustain Audi sales loss to 9.7% while their competitors were experiencing a 27% decline. It didn't hurt either that Audi, unlike other car manufacturers, choose to develop cars using clean diesel rather than producing hybrid cars like so many of its competitors.

While all of these case studies were helpful, it was the lessons learned -- and shared -- that marketers and brands should take particular note of as they look forward to 2010:

Don't be afraid to make mistakes - but learn from them Several speakers noted their mistakes along their path to re-invention and success. David Chang of Momofuku, for instance, started out his restaurant originally as a burrito bar, which failed miserably. It's the not mistake that spells failure but rather not learning from it to become successful.

Re-think existing paradigms To really see the possibilities, step outside the accepted models; that's where the possibilities lie.

Invest in the product as marketing Too often, products are developed inexpensively and then marketed extravagantly. But, shifting investments to a product to make it unique or distinctive has the potential to serve as a de facto ad campaign or sales person -- which, in turn, lightens marketing's load.

Tell the story. Every product has a story and these stories help consumers connect with the product. Through the use social media, you can even let consumers join in on the story telling.

Leave a Comment

You must be signed in to comment. Sign In
ANNE MAI BERTELSEN
  • Anne Mai Bertelsen is the Founder and President of MAI Strategies, a marketing consulting firm specializing in integrated marketing strategy development and implementation. Her clients include American Express Consumer Card Group, United Nations' Office for Coordination of Humanitarian Assistance, and the Radio Advertising Bureau. Prior to starting her own firm, Anne held marketing positions at American Express and the Port Authority of NY & NJ. Reach her here.


AUTHORS

ARCHIVES

Recent Marketing Daily Articles
No Logo Is Bad Logo   
When Naomi Klein wrote her book No Logo 10 years ago, I refused to waste my...
My Valentine's Day Love Letter    
Here are four things you may want to think about during this "cupid" time or anytime...
Real Brand Opportunities In A Virtual Economy    
Casual and social focused games are serious business for advertisers looking for opportunities to boost their...
It's Time Managers Free Creativity    
It can be argued that creative offerings are as incisive as brain surgery. When artfully done,...
The New Normal: It's About Value And Values    
There nothing like a recession to make marketers re-evaluate their business and their communications....
Building Online Communities For Insight, Advocacy    
At their best, online communities accelerate and deepen our social proclivities. But building a vibrant community...
Email & Social: An Online Tango Of Sorts   
Marketers need to think beyond a batch-and-blast email marketing mentality to a choreographed and integrated approach...
Hey, Go Daddy: Your Strategy is Showing    
Controversy isn't a strategy; it's an attention grabber, and it only works to a point. But...
Middle-Aged Super Bowl Showing Its Paunch    
Being turned down seems to be the best Super Bowl advertising strategy yet....
The Competition Swoops In   
Even Toyota, which pretty much set the bar in consistency and quality, has to deal with...
>> Marketing Daily Archives 
ABOUT MEDIAPOST • MASTHEAD • MEDIA KIT • RSS FEEDS • PRIVACY/TERMS & CONDITIONS
©2010 MediaPost Communications. All rights reserved.
1140 Broadway, 4th Floor, New York, NY 10001
tel. 212-204-2000, fax 212-204-2038, feedback@mediapost.com