Bad Names for a Business

Coming up with a good name for a business is not easy. Coming up with a mediocre name is fairly easy based on how many there are. But bad business names are less common. I came across this retail furniture business in LA this week.
CostPlus World Market? I mean, really? That is the name of your business? As in we charge you cost plus a margin? Does that really get your customers excited? I guess it describes what you do though.

I am sure there are plenty more "great" examples of bad names. Share 'em if you got 'em.

Short CMO Tenures Reflective of Dysfunctional Companies - Advertising Age - CMO Strategy

So here's no surprise....CMOs have short tenures. Why? Well, who really knows what a CMO role is and what it is supposed to do?

Its not like the CFO. Everyone knows the CFO reports to the CEO. To whom does the CMO report? Well, it depends on the company...and what they think the CMO role is.

What control does the CMO have over all aspects of sales, marketing and communications? Sometimes a CMO oversees all three functions. Sometimes just one.

And how often does the CMO control R&D, strategic planning or business development?


Short CMO Tenures Reflective of Dysfunctional Companies - Advertising Age - CMO Strategy

It is not surprising that CMOs have short tenures. CMOs need clarity of their role. Clear mandates and control to get their job done. And understanding from leadership of what it will take to accomplish. That's a tall order, especially when you are trying to hit the quarterly numbers.

When is Going Green Pure Self Interest?

Ok, so this is a bit of rant, but I really can't stand companies that "offer" you the ability to save the environment. Am I the only one who hates the phone company and the cable company and believes their efforts to "go green" and "save the environment" have nothing to with saving the world or even helping me. Its all about saving them money, pure and simple.

Prove me wrong Verizon, Citibank, Comcast.....what is your overall environmental strategy? Where does less paper fit in? Show me what you are doing and maybe I will believe you. Why do I have to change my behavior to save you money?

But right now I am a very skeptical customer.

If it were my brand, I would be careful to show the customers that my company was changing behavior too. We don't only ask our customers to change their behavior. We change our behavior too. I would share the overall plan. I would provide metrics. I would tell customers how we plowing those saving back into better service or even more environmental measures.

Right now I am certain the savings goes straight to their bottom line. Prove me wrong and I will go paperless, tomorrow.

A Lesson for CMOs from the Health Care Reform Mess

The vast majority of Americans have health care. Maybe not good health care, but they pay money each month and believe that they are "protected."

It seems to me that the campaign to reform health care started with the high minded goal of making sure that the uninsured get access to affordable health care. This is a noble goal. One I personally support.

But from a PR/sales perspective, why would the 80% with health care want to change to an unknown system? Remember the adage of sticking with the evil you know? To get health care to those 20%, we need to convince the 80% it is somehow in their interest or, at the very least, not counter to their interests.

Remember Harry and Louise? There is a reason those ads were effective. Only now is President Obama focusing his message to those with health care, but it may be too late.

This is a good lesson for brand managers and CMOs. Who needs to accept your change in strategy? If you are introducing a shift or an extention in your brand, make sure you start by convincing your brand loyalists to support the move. And for sure, you don't want them to defect because of it.

Develop a concentric circle strategy to your messaging and put your best customers at the center.

When Do Consumers Decide to Pick Your Brand?

Why do consumers pick certain products? When do they decide to buy those specific products? When is their purchase decision influenced?

These are all extremely important decisions for your marketing strategy. The recession seems to have scrambled the purchase decision criteria for a lot of consumers. The only way to know is to watch and ask. Research will give you the insights that will guide your strategy. There is a good article in Ad Age this week by Rick Roth.

Boost Your Brand by Understanding the Path to Purchase - Advertising Age - CMO Strategy

There was also an article in Ad Age about P&G shifting their focus and resources to in store promotion. My guess is that they have done the research and understand that in this new economic environment more and more purchase decisions are being made in store based on price and placement.

Behind the Rebranding Campaign of Wal-Mart’s Scarlet Woman | Fast Company

This was a useless article, but much like a car crash. You can't look away. It is a sad, twisted tale. I am still trying to sort out the meaning of this story.

Behind the Rebranding Campaign of Wal-Mart’s Scarlet Woman | Fast Company

Perhaps sometimes people and companies get what they deserve.

Perhaps sometimes we need to understand that newspaper and magazine articles only tell one dimension of a story.

Perhaps Julie had the wrong values.

Perhaps Wal Mart couldn't handle an edgy woman.

And perhaps Julie shouldn't have agreed to do this article...I am not judging her behavior or performance at Wal Mart. I am just saying that if I were advising her on her PR and career, I would have counseled against doing this.

But the sun is a strong lure for Icarus.



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Avoid Sucky Presentations

How many bad presentations have you sat through? Or worse, how many bad presentations have you given?

Its not easy to put together a good presentation. What's the formula? It seems a bit like Judge Potter's definition of pornography: "I can't tell you what it is, but I know it when I see it."

So I offer three tools to help.


A How To Guide for Building A Great Presentation
The first is Extreme Presentation Method a methodology by Dr. Andrew Alba at Catholic University.

"The Extreme Presentation method is a step-by-step approach for designing presentations of complex or controversial information in ways that drive people to action. It is based on extensive empirical research and has been pilot tested among leading corporations, including Microsoft, Exxon-Mobil, Kimberly-Clark, eBay, and Motorola."
This site is a great resource. It will walk you through all the major elements you need to consider when putting together a presentation. And the advice is really good. Look at his explanation of Ballroom Presentations for Conference Room Presentations:

A presentation idiom is a form of expression with an associated set of design principles. I call the two main types of presentation idiom Ballroom style and Conference Room style. Ballroom style presentations are what most typical PowerPoint presentations are trying to be: colorful, vibrant, attention-grabbing, and (sometimes) noisy. They typically take place in a large, dark room—such as a hotel ballroom. Conference room style presentations are more understated: they have less color, with more details on each page; they are more likely to be on printed handouts than projected slides, and they are more suited to your average corporate conference room.

The biggest single mistake that presenters make—and the root cause of the PowerPoint debate—is confusing the two idioms, and particularly, using ballroom style where conference room style is more appropriate. Almost all PowerPoint presentations are given using ballroom style—yet most of the time presentation conditions call for conference room style. Ballroom style is appropriate for where the objective is to inform, impress, and/or entertain a large audience and where the information flow is largely expected to be one-way (presenter to audience). Conference room style presentations are more suited to meetings where the objective is to engage, persuade, come to some conclusion, and drive action. This covers any presentation where you want your audience to do something differently as a result of your presentation. It includes: making recommendations; selling; training; communicating the implications of research; and raising funds. Information flow in this idiom is expected to be two-way—it’s more interactive.

Pictures Tell A Thousand Words
Eliminate the 11 point font pages with paragraphs of text. There is a better way. The other presentation to look at is by Seth Godin, marketing guru. If you don't know Seth Godin you have to check out his blog.

Seth has a book out called Tribes which is a good quick read. He posted a presentation that he did about the book to slideshare and I have posted it below. This is one way of doing a presentation. It uses images to tell the story. Remember? A picture tells a thousand words? Well, I assure you that if you can do even a little of this in your presentation, people will remember it.

Seth Godin on TribesView more presentations from sethgodin.


Borrow and Steal
And lastly, I recommend the site Slideshare. There are thousands of presentations posted by users all over the world. What better way to develop a good presentation than to look at a few dozen to see what works for you, what catches your eye, what doesn't work. You will pick up at least five good ideas by spending 15 minutes on this site.