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Digg it UP - Globalizing a Brand Requires Different Thinking
Staying Excited About Your Business a full day of labor.I had a blast at the Albuquerque International Balloon Fiesta events.When I told some Albuquerque natives and semi-natives how excited I was about attending, I usually got the same response: “Oh, you won’t get that excited after you’ve been here awhile.”Who knows. Maybe that will be true. But, I hope not. I felt like a little kid. Watching several hundred balloons taking off during early morning Mass Ascension. Walking amongst the same balloons during the evening Balloon Glow. The number of balloons, the organization of the events, and the lack of chaos just amazed me.The Fiesta is obviously second nature to some. But, it was brand new to me. Of course, this made me think about busin A Cultural Bias Will Lead You Awry From the cultural bias of the European brand managers, it seemed like a great idea to "BRAND" Ariel as the laundry detergent that “saves you time” (for the same result). The idea was that busy WIFE would gladly forgo the complicated and time-consuming ordeal that she currently employed for faster results. Sounds like a no-brainer. The problem is that no one looked at the preceptive underpinnings in the culture. They assumed that the values found in European and American culture were universal and that the Egyptian housewife coveted these same values. They were wrong. Once again, the brand launch floundered. It turned out that difficulty of process and complicated chemistry was one of the ways in which the Egyptian housewife measured her value to her family. Don't Make The Mistake Without such an ordeal, she felt less valuable. Even though the outcome Difference Between Journal and Ledger Grab OpportunityJournal1. Is the book of prime entry.2. As soon as transaction originates it is recorded in journal3. Transactions are recorded in order of occurrence i.e. strictly in order of dates.4. Narration (brief description) is written for each entry.5. Ledger folio is written6. Relevant information cannot be ascertained readily e.g. cash in hand can't be found out easily.7. Final accounts can't be prepared directly from journal.8. Accuracy of the books can't be tested.9. Debit and credit amounts of a transaction are recorded in adjacent columns.10. Journal has two columns one for debit amount another for credit amount.1 Many well established national and regional brands see global expansion as the golden egg. The promise of new emerging consumer markets in many of the world’s burgeoning economic regions is a great lure for these brands. China and India, for example, have emerging middle class consumer markets that look to provide many consumer brands (US and European) with the opportunity to grow market share. To navigate these fertile markets and increase your market share it is important that you understand brand dynamics. Sadly, many manufactures do not. They will plow these new waters with the same reckless brand management that has led them to believe that their domestic success is a result of something other than heavy advertising spending. Understanding how a brand’s permission sets the stage for future success in the market is essential, and the lessons are even more telling when you move the brand into a different culture. Global Brand Strategy The root of your brand essence and strategy is found in the belief system of the target audience you are trying to influence. It is not an amalgam of product benefits, category descriptors, or “branded colors.” When customers choose a particular brand, within a category of offerings, they choose to purchase a brand that seems connected to their own sense of self. The more closely the DNA of the brand resembles the genetic makeup of the target, the more apt they are to prefer it, the greater that attraction, and the greater are your margins. When you think about a foreign culture (foreign to your own current success) you can quickly see why understanding the preceptive underpinnings of that culture are the keys to your success. Case In Point Here is a prime example. When P&G launched its low suds Ariel soap detergent (its high-end European brand) in Egypt many years ago, they believed that their brand was tied up in efficacy (in other words, they had no brand at all). Worse still, they simply cloned the advertising from successful European (read British) commercials from the period. Lacking any REAL brand DNA, P&G sold its low-suds detergent with the same dramatic dynamic that worked so well in the UK. Here is the plot: The Commercial YOUNG WIFE: Wife has switched to Ariel. NOSEY MOTHER-IN-LAW: Mother-in-law barges in and chastises the young wife for the choice saying, "I always use (insert generic brand here)." YOUNG WIFE: Wife washes two loads, one using Ariel, and the other using "NOSEY MOTHER-IN-LAW ‘s detergent" and they compare the results. The winner — Ariel out-cleans "NOSEY MOTHER-IN-LAW ‘s brand". NOSEY MOTHER-IN-LAW: Mother-in-law retreats with her tail between her legs. YOUNG WIFE: Wife is the hero. It was too bad no one bothered to find out that in Egypt, mother-in-law is an honored person. She is seen as an authority and help — not the meddlesome stereotype that we find in Europe. The result… the launch was a major flop. No REAL Brands In the absence of REAL brand, the brand management team was forced to look for solutions based on efficacy and they failed miserably. The cleaning process in Egypt was amazingly complicated and time consuming. The wife, who’s been responsible for the washing, would spend hours each day cleaning the family wash. She would mix detergents, shred bars of soap, and mix a cacophony of ingredients that would baffle a scientist. She would boil the clothes, hand ring them, wash them in a machine, and put them through a host of other processes that took half a day. Finally, she would proudly hang the wash out on the back clothesline for the admiration of the neighbors. Her result— amazingly clean clothes and a full day of labor. A Cultural Bias Will Lead You Awry From the cultural bias of the European brand managers, it seemed like a great idea to "BRAND" Ariel as the laundry detergent that “saves you time” (for the same result). The idea was that busy WIFE would gladly forgo the complicated and time-consuming ordeal that she currently employed for faster results. Sounds like a no-brainer. The problem is that no one looked at the preceptive underpinnings in the culture. They assumed that the values found in European and American culture were universal and that the Egyptian housewife coveted these same values. They were wrong. Once again, the brand launch floundered. It turned out that difficulty of process and complicated chemistry was one of the ways in which the Egyptian housewife measured her value to her family. Don't Make The Mistake Without such an ordeal, she felt less valuable. Even though the outcome HELLO My Name is INTERVIEW rand StrategyToday I am joined by Scott Ginsberg, better known as “The Nametag Guy.” Scott is an author of three books, professional speaker, and the only person in the world who wears a nametag 24-7. His blog is a daily read of mine.Benjamin: How did you make the transition from ‘a dude who wears a name tag’ to a successful speaking and writing business?Scott: When I started wearing a nametag 24-7 in college, I kept a journal of observations, stories and responses; It seemed like it would make a cool book. Since I always wanted to be an author, I decided to write it. I asked some other authors how to self-publish, did some research and put the book out when I graduated. When my website and book got pic The root of your brand essence and strategy is found in the belief system of the target audience you are trying to influence. It is not an amalgam of product benefits, category descriptors, or “branded colors.” When customers choose a particular brand, within a category of offerings, they choose to purchase a brand that seems connected to their own sense of self. The more closely the DNA of the brand resembles the genetic makeup of the target, the more apt they are to prefer it, the greater that attraction, and the greater are your margins. When you think about a foreign culture (foreign to your own current success) you can quickly see why understanding the preceptive underpinnings of that culture are the keys to your success. Case In Point Here is a prime example. When P&G launched its low suds Ariel soap detergent (its high-end European brand) in Egypt many years ago, they believed that their brand was tied up in efficacy (in other words, they had no brand at all). Worse still, they simply cloned the advertising from successful European (read British) commercials from the period. Lacking any REAL brand DNA, P&G sold its low-suds detergent with the same dramatic dynamic that worked so well in the UK. Here is the plot: The Commercial YOUNG WIFE: Wife has switched to Ariel. NOSEY MOTHER-IN-LAW: Mother-in-law barges in and chastises the young wife for the choice saying, "I always use (insert generic brand here)." YOUNG WIFE: Wife washes two loads, one using Ariel, and the other using "NOSEY MOTHER-IN-LAW ‘s detergent" and they compare the results. The winner — Ariel out-cleans "NOSEY MOTHER-IN-LAW ‘s brand". NOSEY MOTHER-IN-LAW: Mother-in-law retreats with her tail between her legs. YOUNG WIFE: Wife is the hero. It was too bad no one bothered to find out that in Egypt, mother-in-law is an honored person. She is seen as an authority and help — not the meddlesome stereotype that we find in Europe. The result… the launch was a major flop. No REAL Brands In the absence of REAL brand, the brand management team was forced to look for solutions based on efficacy and they failed miserably. The cleaning process in Egypt was amazingly complicated and time consuming. The wife, who’s been responsible for the washing, would spend hours each day cleaning the family wash. She would mix detergents, shred bars of soap, and mix a cacophony of ingredients that would baffle a scientist. She would boil the clothes, hand ring them, wash them in a machine, and put them through a host of other processes that took half a day. Finally, she would proudly hang the wash out on the back clothesline for the admiration of the neighbors. Her result— amazingly clean clothes and a full day of labor. A Cultural Bias Will Lead You Awry From the cultural bias of the European brand managers, it seemed like a great idea to "BRAND" Ariel as the laundry detergent that “saves you time” (for the same result). The idea was that busy WIFE would gladly forgo the complicated and time-consuming ordeal that she currently employed for faster results. Sounds like a no-brainer. The problem is that no one looked at the preceptive underpinnings in the culture. They assumed that the values found in European and American culture were universal and that the Egyptian housewife coveted these same values. They were wrong. Once again, the brand launch floundered. It turned out that difficulty of process and complicated chemistry was one of the ways in which the Egyptian housewife measured her value to her family. Don't Make The Mistake Without such an ordeal, she felt less valuable. Even though the outcome 8 Low Cost Ways To Advertise, Promote and Market Your Business in other words, they had no brand at all). Worse still, they simply cloned the advertising from successful European (read British) commercials from the period. Lacking any REAL brand DNA, P&G sold its low-suds detergent with the same dramatic dynamic that worked so well in the UK. Here is the plot:We all are looking for ways to market our businesses cost effectively. I have come up with 8 ways to do just that all low cost to free. In fact most of these methods can be done from the comfort of your own home.That's right you don't even have to leave home. What could be better, your clients are coming to you and you don't even realize it. Okay lets get started, each of these methods I'm sure you have either heard about or are already doing most if not all. They are not new, nor are they some sort of secret.1. If you work outside of the home as many of us do as well as running a home business, you can post your business cards or flyers on your company bulletin board where company news is The Commercial YOUNG WIFE: Wife has switched to Ariel. NOSEY MOTHER-IN-LAW: Mother-in-law barges in and chastises the young wife for the choice saying, "I always use (insert generic brand here)." YOUNG WIFE: Wife washes two loads, one using Ariel, and the other using "NOSEY MOTHER-IN-LAW ‘s detergent" and they compare the results. The winner — Ariel out-cleans "NOSEY MOTHER-IN-LAW ‘s brand". NOSEY MOTHER-IN-LAW: Mother-in-law retreats with her tail between her legs. YOUNG WIFE: Wife is the hero. It was too bad no one bothered to find out that in Egypt, mother-in-law is an honored person. She is seen as an authority and help — not the meddlesome stereotype that we find in Europe. The result… the launch was a major flop. No REAL Brands In the absence of REAL brand, the brand management team was forced to look for solutions based on efficacy and they failed miserably. The cleaning process in Egypt was amazingly complicated and time consuming. The wife, who’s been responsible for the washing, would spend hours each day cleaning the family wash. She would mix detergents, shred bars of soap, and mix a cacophony of ingredients that would baffle a scientist. She would boil the clothes, hand ring them, wash them in a machine, and put them through a host of other processes that took half a day. Finally, she would proudly hang the wash out on the back clothesline for the admiration of the neighbors. Her result— amazingly clean clothes and a full day of labor. A Cultural Bias Will Lead You Awry From the cultural bias of the European brand managers, it seemed like a great idea to "BRAND" Ariel as the laundry detergent that “saves you time” (for the same result). The idea was that busy WIFE would gladly forgo the complicated and time-consuming ordeal that she currently employed for faster results. Sounds like a no-brainer. The problem is that no one looked at the preceptive underpinnings in the culture. They assumed that the values found in European and American culture were universal and that the Egyptian housewife coveted these same values. They were wrong. Once again, the brand launch floundered. It turned out that difficulty of process and complicated chemistry was one of the ways in which the Egyptian housewife measured her value to her family. Don't Make The Mistake Without such an ordeal, she felt less valuable. Even though the outcome Payroll Virginia, Unique Aspects of Virginia Payroll Law and Practice s the hero.The Virginia State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:Department of Taxation Division of Income Tax Withholding P.O. Box 27264 Richmond, VA 23261-7264 (804) 367-8037 http://www.tax.virginia.gov/Virginia requires that you use Virginia form "VA-4, Employee's Virginia Income Tax Withholding Exemption Certificate" instead of a Federal W-4 Form for Virginia State Income Tax Withholding.Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Virginia cafeteria plans are not taxable for income tax calculation; not taxa It was too bad no one bothered to find out that in Egypt, mother-in-law is an honored person. She is seen as an authority and help — not the meddlesome stereotype that we find in Europe. The result… the launch was a major flop. No REAL Brands In the absence of REAL brand, the brand management team was forced to look for solutions based on efficacy and they failed miserably. The cleaning process in Egypt was amazingly complicated and time consuming. The wife, who’s been responsible for the washing, would spend hours each day cleaning the family wash. She would mix detergents, shred bars of soap, and mix a cacophony of ingredients that would baffle a scientist. She would boil the clothes, hand ring them, wash them in a machine, and put them through a host of other processes that took half a day. Finally, she would proudly hang the wash out on the back clothesline for the admiration of the neighbors. Her result— amazingly clean clothes and a full day of labor. A Cultural Bias Will Lead You Awry From the cultural bias of the European brand managers, it seemed like a great idea to "BRAND" Ariel as the laundry detergent that “saves you time” (for the same result). The idea was that busy WIFE would gladly forgo the complicated and time-consuming ordeal that she currently employed for faster results. Sounds like a no-brainer. The problem is that no one looked at the preceptive underpinnings in the culture. They assumed that the values found in European and American culture were universal and that the Egyptian housewife coveted these same values. They were wrong. Once again, the brand launch floundered. It turned out that difficulty of process and complicated chemistry was one of the ways in which the Egyptian housewife measured her value to her family. Don't Make The Mistake Without such an ordeal, she felt less valuable. Even though the outcome Fifteen Areas Reviewed in a Due Diligence Study a full day of labor.The due diligence study is done by investors or lenders to be certain that your company is operating properly and efficiently. The in depth due diligence study will uncover any accounting errors and any operational problems. After completing the due diligence study, the investors or lenders must be satisfied that they are invested money in a company that conducting its business in the best possible way. The due diligence study will review the following fifteen areas:1. Corporate records:• The company’s original articles of incorporation or articles of organization• By-Laws and minutes of any Board meetings, executive committee meetings, andshareholder meetings A Cultural Bias Will Lead You Awry From the cultural bias of the European brand managers, it seemed like a great idea to "BRAND" Ariel as the laundry detergent that “saves you time” (for the same result). The idea was that busy WIFE would gladly forgo the complicated and time-consuming ordeal that she currently employed for faster results. Sounds like a no-brainer. The problem is that no one looked at the preceptive underpinnings in the culture. They assumed that the values found in European and American culture were universal and that the Egyptian housewife coveted these same values. They were wrong. Once again, the brand launch floundered. It turned out that difficulty of process and complicated chemistry was one of the ways in which the Egyptian housewife measured her value to her family. Don't Make The Mistake Without such an ordeal, she felt less valuable. Even though the outcome was the same, amazingly clean clothes, the cumbersome and time consuming process was preferred because it reinforced a value that said 'the harder I work, the more valuable I am." This is a great case in point, one whose lessons on brand development are far reaching. It certainly demonstrates how important it is to delve deeply into the DNA of your target audience when expanding into new cultures. It also demonstrates that brand management, for the most part, is not BRAND management, It’s product management. Had the discipline of looking at a brand as a reflection of a customer’s beliefs and values instead of product attributes been part of the P&G culture, they never would have made these mistakes.
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