Think about what and how you buy in your business and personal life.
Whether it's household products or business software services, what ultimately determines why you buy from one business rather than another? It's their brand's image and reputation along with the relationships you have with them.
A brand is simply the collective intent of the people behind it…a brand defines who you are and what you stand for as a business to everyone the business touches, from employees to end consumers. If you want great business results, you and your brand have to stand for something compelling. And that's where brand ideals enter the equation.
Human beings like to believe that we are more objective and dispassionate in our choices than we really are. In reality, as academic research in cognitive neuroscience has now established, our decisions and choices are decisively influenced by emotional and instinctive reactions that we often aren't consciously aware of. This is "the power of thinking without thinking," as Malcolm Gladwell describes subconscious mental processes in his bestseller, “Blink”.
Within the market research world, a race is on to acquire the knowledge and tools to go inside "the black box" of customers' minds at this subconscious level. Your brand and its competitors "activate" in people, thoughts and feelings they may be unable to articulate. Some brands, like Google and IBM, have obvious life-improving ideals. Google exists to immediately satisfy every curiosity, IBM to help build a smarter planet.
The PINNACLE weekly business tip, such as this tip, exist to heighten self-discovery for better work/life integration.
There are four profound findings that are the foundation of the book by Jim Stengel, “Grow: How Ideals Power Growth and Profits at the World’s Greatest Companies”.
1. Brand ideals drive the performance of the highest growth businesses.
2. The brand ideals of the highest growth businesses centre in one of five areas, or fields, of fundamental human values.
3. The highest growth businesses are run by business artists, leaders whose primary medium is brand ideals.
4. Business artists excel in similar practices that constitute an operating system for generating and sustaining high growth.
The bottom line: Leveraging ideals of improving people's lives is driving the performance of the world's fastest-growing businesses.
With thanks, Coach2Coach e-newsletter, February 22, 2012
