the 8 credos of challenger brands

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Being a Challenger Brand is not about a state of market; being number two or three or four doesn’t in itself make you a Challenger. A Challenger is, above all, a state of mind. It is a brand, and a group of people behind that brand, whose business ambitions exceed its conventional marketing resources. As a consequence the brand will need to change the category decision making criteria in its favour, to close the implications of that gap. If we want or need to think like a Challenger then there are some core principles for us to live and thrive by; The Eight Credos of Successful Challenger Behaviour.

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The 8 behaviours that Challenger Brands live and thrive by. Taken from the book Eating the Big Fish - How Challenger Brands compete with the Market Leader by Adam Morgan. Read more on The Challenger Project at www.eatbigfish.com

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Page 1: The 8 Credos of Challenger Brands

Being a Challenger Brand is not about a state of market; being number two or three or four doesn’t in itself make you a Challenger. A Challenger is, above all, a state of mind. It is a brand, and a group of people behind that brand, whose business ambitions exceed its conventional marketing resources. As a consequence the brand will need to change the category decision making criteria in its favour, to close the implications of that gap. If we want or need to think like a Challenger then there are some core principles for us to live and thrive by; The Eight Credos of Successful Challenger Behaviour.

Page 2: The 8 Credos of Challenger Brands

The great wave makers in any category are those who are new to it. This credo reminds us that in order to see the real opportunities for radical growth we must see through the clutter of knowledge and ‘experience’ that makes up our existing strategic thinking. Intelligent Naivety

those already deeply experienced in a category to achieve this vital innocence.

Page 3: The 8 Credos of Challenger Brands

Success as a Challenger Brand comes through developing a very clear sense of who you are and where you stand as a brand/business, built on a product

.elbaugranu si taht hturt dnarb roAnd then projecting that identity intensely, consistently, and saliently in everything you do, to the point where, like a lighthouse, consumers notice you and can navigate by you, even if they are not looking for you.

Page 4: The 8 Credos of Challenger Brands

Marketers talk as if there is one leader in every category. In fact, there are two: the market leader– the brand with the biggest share and the biggest distribution, and the thought leader – the brand that, while it may not be the largest, is the one that everyone is talking about, that has the highest “sensed momentum” in the consumer's mind. Challenger Brands strive to become the thought leader.

Page 5: The 8 Credos of Challenger Brands

Successful Challengers are brands in a hurry: they need to puncture the consumer's autopilot and create reappraisal of themselves and their category swiftly and powerfully. To do so, they create big, impactful acts or marketing ideas that capture the indifferent consumer's imagination and bring about a reevaluation of both their image in the consumer's mind, and their role in the consumer's life.

Page 6: The 8 Credos of Challenger Brands

Challengers have fewer resources in almost every aspect of the business and marketing mix than the market leader,

concentrate their focus, voice and actions is actually one of the few advantages a Challenger has. Success for a Challenger comes not from prioritizing, but by

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Page 7: The 8 Credos of Challenger Brands

Challenger Brand will have chosen to drive success through one or two key activities, and to achieve that success the marketer must anticipate resistance and inertia in implementation, overcommitting to remove those potential barriers. Challengers do not succeed through commitment, they succeed through overcommitment.

Page 8: The 8 Credos of Challenger Brands

For Challengers who aspire to do more with less clear communication is not enough, capturing the target’s imagination must be the advantage. Communication ideas and the pursuit of the right publicity and word of mouth can in fact be the most powerful business tool Challengers have at their disposal– not just as part of the marketing mix, but as a high leverage asset.

Page 9: The 8 Credos of Challenger Brands

Success is a very dangerous thing it causes brands and people to stop behaving in the way that made them initially successful. A Challenger Brand maintains its momentum, both real and perceived, by ensuring that instead of being consumer dependent, they are focused on the generation and implementation of ideas – ideas that constantly refresh and renew the way the consumer experiences the brand.