Author: Mark Di Somma

The new traceability

By Mark Di Somma

Affordable “beef” that’s actually made of horse. Professional athletes who haven’t won what they’ve won legally. Acclaimed investors who turn out to be running Ponzi schemes … The great threat to claiming achievements going forward isn’t credibility. It’s incredulity. It’s disbelief that what one sees, that what has apparently happened, is true. It’s nagging scepticism on the part of investors and customers that the extraordinary must somehow have been artificially, or illegally, manufactured. Such an atmosphere has enormous repercussions for brands, because of course brands generate much if not all of their value through trust. Evaporation of that trust creates two dangers. Brands either stop trying to be remarkable. Or they try too hard. They commoditise. Or they cheat. Either way, eventually they lose. Such doubt also changes the rules for what companies need to communicate. Specifically, it suggests a shift in how companies and brands explain. There is little point now in announcing that you have pulled off the impossible (unless, as in the case of Felix Baumgartner, the  impossible can be clearly witnessed). …

Every pitch is a story

By Mark Di Somma

The purpose of a pitch is not to sell what you do. It’s to explain in the clearest terms why someone should look forward to doing business with you. Don’t pitch to your prospect’s greatest wish. They already know that. Pitch to their greatest fear. Tell them the story of how you will help them overcome the risks they face to emerge triumphant. If you haven’t already done so, watch Nancy Duarte’s inspiring TED speech about how to structure a great presentation. As she says, every great presentation needs a combination of facts, insights and story. A pitch presentation, and indeed a pitch document, are no exceptions. To paraphrase Nancy, a pitch is your opportunity to change your own world by changing someone else’s. If you don’t want to follow Nancy’s great structure, try the Pixar story approach: Once upon a time there was ___. Every day, ___. One day ___. Because of that, ___. Because of that, ___. Until finally ___. Or take a leaf out of Get Them to See It Your Way, …

What do you have: a brand or an identifier?

By Mark Di Somma

Contention #1. A true brand coalesces people around a business model – to buy, to work, to judge, to invest. True, it is, as Adrienne used to say, “the total experience of doing business with you”. But the experience is not the end – it is the means. The experience, just like all the other elements of the business model, works to generate trust, connection and distinction. It must do so deliberately, carefully and responsibly. It does so to deliver a premium. Brands exist to earn margin beyond the going market rate. That’s their role, not their by-product. That margin can of course take various forms. It can be literal, in the sense of what consumers are prepared to pay. It can be cultural, in the sense that people with more talent are drawn to one marque over another. It can be financial, in the sense of enhanced EPS (earnings per share) for investors. A brand that doesn’t generate, or intend to generate, that above-normal market rate is a brand in decline or no brand …

How do you write a great purpose?

By Mark Di Somma

A sizzling purpose sets out how a company intends to change the world for the better. Its role is to unite customers and culture alike in the pursuit of that intention. It’s a statement of belief, of hope, of pursuit. It’s born of a wish to see the world put to rights. Having fielded a number of enquiries this week about how to develop a purpose, I thought I’d share how I approach such a critically important task. First and foremost, a purpose should never be developed in isolation. This affects your entire organisation. It should involve the senior leadership team to start with, and then be socialised for discussion. The discussion itself shouldn’t revolve around the words (because that quickly becomes semantic nit-picking). It should focus on the passion, on the biggest belief you share and on the implications of holding that belief for everything you do. Start with the greatest good Don’t tell your people and customers about what you want to see change in the business. State what you fundamentally believe must …

30 things likeable brands do

30 things likeable brands do

By Mark Di Somma

Being likeable is not about being liked by everyone. Likeable brands actually need to be very clear about who likes them and why and how they need to behave in order to continue to appeal to their community. 10 ways to build a truly likeable brand states the principles of likeability and is one of my most popular posts. As a companion piece, here’s my 30 point action list on how brands should systematically accumulate likeability. Order can vary.

Can you innovate too quickly?

By Mark Di Somma

What is the right pace for a brand to transform in an iterative economy? So often we’re told that success will stem from pushing the innovation accelerator flat to the floor. As proof, we hear about those companies that failed to innovate or didn’t respond quickly enough – and were buried. But is that true? Is innovation just about turnover, or is it more complicated than that? Where should brands take their cues – from their own development programmes, from their competitors, from the media, from their own marketing demands? Where do you look for prompts when you have new work in the wings? There’s a theory for this (of course) – diffusion of innovation. It revolves around two key aspects: an adoption process that generates critical mass (a.k.a the bell curve); and Professor Everett Rogers’ five influential factors concerning take-up: Relative advantage – how much better the innovation is than its predecessor Compatibility – how easily the innovation can be assimilated into everyday life Complexity – how easy or difficult the innovation is to …

Purpose vs mission and vision

Purpose vs vision and mission

By Mark Di Somma

I hope the days of vision and mission statements are nearly over. They’re the paperwork of traditional management models. They’re strategic compliance, and as such, they get deliberated over at great length and then forgotten. For the most part, they’re also self-centred – all about what the organisation wants to achieve for itself, all about how it intends to achieve whatever it deems important. They often don’t suit the much more open, interactive, social ways in which business is increasingly being done.

How do you keep the magic? 7 ways big companies get it so wrong with long-term customers

By Mark Di Somma

By Mark Di Somma Everyone talks at length about customer engagement and the need to converse. The process is relatively straight-forward for high-street brands. They use the seasons, sales and releases to keep people coming back. There are timely prompts. But how do you keep customers engaged when they’re on a contract, for example, that may span several years or even a lifetime? A while back, my company Audacity was involved in a complex, multi-layered change programme to transit a telecommunications company’s customer communications from paper-based to digital. Over the course of many months, we grappled with all the issues you’d expect: what needed to be communicated; when; how; through what channels … But one of the biggest issues we identified and addressed was how to evolve the tone of the communications over time so that they brought people closer to the brand. We identified this as crucial to developing meaningful, valuable and of course profitable long-term relationships. Utilities, banks, telcos, car companies and insurance companies in particular seem to make seven crucial mistakes in …

The first thing to look for in any pitch situation is the intention

By Mark Di Somma

By Mark Di Somma So you’ve been asked to pitch for some business. The most natural thing in the world is to focus on your intentions – whether you want to pitch, how much resource you’re prepared to throw at it, the timing, the deliverables … What often goes unasked (and unanswered) is why the invitation to pitch is being made in the first place. That matters because it helps identify who your real competitors for the business are, and therefore whether you believe you have a genuine chance of winning the business on terms that are acceptable and sustainable to you. Six intentions Some organisations have to put their business out to pitch – it’s policy. Chances are they also do this a lot, so it’s a process for them – which means their intention is to do what they always do. They’re going to be looking for good process back. They need to see that in addition to taking away their problems you can and do do things by the book. Your biggest …

Familiarity 2.0 will bring brands amazing opportunities and new challenges

By Mark Di Somma

By Mark Di Somma It’s easy to underestimate the huge changes that have taken place in the dynamics of the brand-customer relationship in recent years. Brands and consumers are now engaged at whole new levels of familiarity. Facebook, Twitter, LinkedIn et al haven’t just brought people closer, they have enabled entirely new types of brand community to evolve and develop. But as we shall see, they have also expanded expectations in terms of responsiveness. I’ve dubbed this heightened connection Familiarity 2.0 (because to me it really does equate to a new era of acquaintance). Research shows consumers increasingly valuing brands that they feel fundamentally understand them and that interact with them as human beings. According to the Brandfog CEO, Social Media and Leadership Survey 2012, customers now expect to have direct access to brands and brand leaders. What’s more, the survey shows, there is a direct connection between social media participation, purchase intent and increased brand loyalty. The days of the brand being on one side of the counter and the customer being on the …