Two of the most astonishing branding stories this year have been the struggles of Nike and Starbucks. Both firms might benefit from studying luxury giant LVMH. Starbucks and Nike A few years back, Nike and Starbucks were business school go-to brands. Want an example of a strong brand? How about Nike or Starbucks? Looking for […]
Anyone interested in branding should pay attention to GE. What will happen to the GE brand over the next decade? My prediction: it will start to fade away. A Glorious Past GE is perhaps the most famous corporate brand. Under CEO Jack Welch, GE was the envy of the business world and regarded as the […]
There seems to be a trend developing in the world of not-for-profits: rebranding. Many organizations are moving from descriptive brands to broad, general brands. In most cases, this is well-intentioned but a bad move. The Trend In recent years, a series of not-for-profits have rebranded to general, inspirational names. Here are a few examples: -The […]
I teach marketing strategy, branding, and biomedical marketing at Kellogg. One of my core beliefs is that it isn’t enough to develop smart strategies; you also have to communicate them persuasively to get people on board. A few years back I wrote my book on the topic, How to Wash a Chicken: Mastering the Business […]
The Chicago Bears last week unveiled plans for a new lakefront stadium. It is a spectacular proposal: a gorgeous stadium with views of the downtown skyline. The cost? More than $4.5 billion. All this raises four questions. Is a new stadium necessary? Sports teams thrive in glorious venues. The better the fan experience, the more […]
Colleges are announcing tuition and other costs for the 2024-25 academic year. Washington University in St. Louis is increasing tuition and fees by 4.5%, bringing the cost of attending to $87,644 (including tuition, housing, meals, student health, and activity fee). Yale is increasing tuition and fees by 3.9% to $87,150. Bucknell’s is up 4.75% to […]
The golden company Tesla is in the news for disappointing results. The stock price is down, and people are wondering about the company’s prospects. Tesla is facing many different issues, ranging from competition to the erratic behavior of Elon Musk. One of the most interesting problems is Tesla’s brand. The Tesla Brand Tesla has soared […]
To make good strategic decisions, it is important to identify the potential options and then think deeply about which one is best. Not thinking through the implications can lead to bad choices. The simple, obvious answers that seem right often aren’t. Chicago’s City Council provides a good example. The group recently passed a series of rules […]
Each year I highlight some brands to watch. These are brands facing unique situations as the year begins. You can see my 2023 list here, along with a look back at what actually happened here. Below are my 2024 picks. Harvard It has been a rough stretch for Harvard. The university has been attacked on […]
Recently I’ve started off the new year by highlighting some Brands to Watch. These aren’t necessarily the best or worst brands, they are simply brands that I project will be heading into an interesting stretch. As we begin 2024, it is time to look back at my 2023 Brands to Watch and see how I […]
Last week McDonalds opened the first CosMc’s, a new restaurant concept built around drinks and snacks, in Bolingbrook, Illinois. CosMc’s serves items including coffees, lemonades, cookies, pretzel bites and ice cream. This is a huge move from McDonalds, and it makes a lot of strategic sense. You can learn a lot about brand portfolio strategy […]
There is a strange situation developing in the world of electric vehicles. As companies ramp up production and the government showers the market with incentives, demand isn’t expanding as fast as expected. This all seems strange. Tesla managed to sell a lot of cars, at high prices. As EV prices decline, demand should expand dramatically. […]