Posts Tagged ‘competitive advantage’

CBS radio interview on marketing and branding.

Thursday, June 9th, 2011

Steven Sessions was invited to be interviewed by Chris Kelso on Talk Radio 650AM in Houston Texas to discuss Marketing. This is the full transcript of the live broadcast on June 8, 2011.

live interview on marketing and branding

(Welcome to “The Price of Business,” I’m your host Chris Kelso, we appreciate your tuning in to “Talk 650” powered by CBS radio, right now, someone I really, really want to talk to is Steven Sessions with the Sessions Group – Steven how you doing?) “Good Chris, thank you for inviting me.”

(Let me ask you to tell our listeners (more…)

Companies raised their marketing spending in this recession and saw sales increase.

Wednesday, June 30th, 2010

marketing-budget

When should a company increase marketing spending? Most companies during last year’s recession thought it wise to reduce marketing budgets, and the drop has been extreme as spending plunged 12.3% — the largest annual drop ever, more than three times more severe than the next worst drop of 3.9% in 1991.

But 26 of the top 100 marketers bucked the trend and boosted 2009 marketing spending. 70% of those spending more saw a U.S. sales increase – double the success rate of those who reduced their spending according to (more…)

Leveraging a brand asset or forfeiting brand equity?

Friday, March 26th, 2010

leveraging the brand gatorade

What to do when faced with declining sales.

Sales in the “refreshment beverage” category are falling. The segment includes colas, energy and sports drinks, juices and bottled water. In 2009, for the second year in a row, sales were down. Down 3.1 percent according to a survey by Beverage Marketing Corp. This represents a steeper decline than was 2008. And there was one unusual statistic: (more…)

Outperform the market.

Tuesday, March 2nd, 2010

brands_outperform_in_the_marketplace

In today’s marketplace a Brand is one of the very very few sustainable competitive advantages a company can own. Credit Suisse research shows an index of companies spending at least (more…)

Insulate your company from the effect of a failure of your product.

Friday, January 29th, 2010

Toyota brand strength

Why is Branding important?

Now we can see the value of a branding investment. If Toyota ever struggled to determine the value of spending money over the years to build a brand in the competitive automotive marketplace, it is suddenly becoming clear. With the revelation that 2.3 million cars must be recalled and tested for a potentially deadly flaw – their sticking accelerator pedal. This in addition to the recent recall of 4.2 million Toyota and Lexus automobiles, the car manufacturer is getting a clear revelation of the precise value of its brand. (more…)

What is more important in the marketplace, the Brand or the Product?

Sunday, January 17th, 2010

Houston made the short list of cities under consideration for the 2012 Olympic Games but ultimately lost out in the final culling. But then, regarding the 2016 Olympics, Houston didn’t even make the short list. This despite having the best collection of physical assets and excellent leadership. In 2006 I wrote an article for the Houston Business Journal about this Olympic site selection review.

event-logo-design

U.S. Olympic Committee Board Chairman Peter Ueberroth said of Mayor Bill White and Harris County Judge Bob Eckels, “They were spectacular. They were in a class by themselves in terms of administration. They were just so far ahead of any other city, it wasn’t close. … (more…)

Being recognized for who you are.

Thursday, December 31st, 2009

The risks and rewards of “Profiling.”

Profiling has become a “dirty word” in America. Probably because of its association with the practice of “racial profiling.” Indeed, in a perfect world people would not be judged by appearances. Of course this is no perfect world but with laws against it and public opinion all across the country firmly opposed to it, do we still see it in operation? Does it provide some unique benefit to those employing it? A benefit that we cannot replace?

The terrorist attack on September 11, 2001 forced a debate. And December 2009’s two incidents involving Nigerian Muslims on Delta flights to Detroit have renewed the debate. (more…)

Unique window of opportunity today for smart community banks.

Friday, November 7th, 2008
Originally published in the Houston Business Journal, November 7, 2008

Steven_Sessions_HBJ_Houston_banking

The catastrophe brutalizing the banking industry is at the forefront of both the news and main street conversations around the world. A Gallup survey measuring consumer confidence in banks taken in late September showed an unprecedented drop from 40% in mid-July and is the lowest level in thirty years. Only 21% of consumers polled are confident in U.S. banks today. This erosion of confidence (more…)

Bank mergers and competition.

Thursday, June 29th, 2006
Originally published by the American Bankers Association, June 2004, also published by the Brandchannel and the Houston Business Journal. It was also published by several Asian websites and the Belgian Management and Marketing Association.

bank_competition_and_differentiation_branding

Wachovia Corp. has agreed to purchase competitor SouthTrust Corp. Hibernia Corporation acquired Coastal Bancorp, Inc. J.P. Morgan Chase & Co. is cleared to absorb Bank One Corp.

Whew! Banking is no longer boring.

The Chase merger will form the second-largest bank in the United States, with $1.12 trillion in assets. For Chase, this requires a significant investment in new signage, business cards, letterhead, envelopes, displays, imprints on about 51 million credit cards, etc. There will be employee issues and expenses as well.

And consider the thousands of other banks providing the same service: How will they compete? How can they compete? (more…)

Kmart’s Blue Light Special, no longer special.

Friday, February 7th, 2003
Originally published in the Houston Business Journal, February 2003

Kmart-exterior

The penalty that businesses pay when they ignore the power and value of strategic branding is usually fatal, especially when facing savvy competitors. This is true even if they are the category leader.

Attention Kmart Shoppers! The bankrupt discounter is ending its 40-year presence in Houston, closing all 17 area stores and eliminating hundreds of jobs as the nationwide chain sheds low-performing stores. The giant retailer, formerly one of the best known in the U.S., announced this past week it would shutter another 326 stores and lay off 37,000 workers nationwide. It is a classic example of a company failing to comprehend the critical need for competitive positioning in a highly competitive economic environment.

(more…)