Challenger brands understand marketing…
You can beat the big boys....keep trying
A great article in the FT on 23rd November -”The Value of Being an Underdog” gives hope to those of us who are up against industry Leviathans.
At times all effort seems futile until cracks appear that allow us smaller,leaner outfits to steal an advantage.
Steve Jobs once said “why join the navy when you can be a pirate?”…this approach has allowed Apple to still be seen as a challenger brand,a maverick that delivers great products.
4 key areas were identified as crucial to the challenger approach.
1.Decide what you stand for and stick to it..retain your core principles
2.Craft a compelling story….make sure that you have a consistent bio that grabs attention
3.Build a Lighthouse Identity….Adam Morgans phrase relates to being a thought leader and instigator – don’t navigate by the consumer let them navigate by you..
4.Be Brave…stick with what you believe to be the right way…
There is of course another factor and that is confidence… be supremely confident in the image that you portray and in story you build your company on.
To challenge successfully takes determination and steely nerves and a dose of basic research awareness…
Steve Jobs may think focus groups are a waste of time but the average company can only benefit when undertaking some straight forward business intelligence ground work.
Who is doing what and where?
What does the market place customer have to say about who is in and who is out?
Any nugget can be turned to your advantage…it was after all a small stone that felled Goliath…a small stone that was delivered effectively…
Go get ‘em






