Holistic brand management is the new marketing
Breaking down the silos
Welcome to the Sociology of Business. For those new here, in my last analysis, What are pop-ups good for?, I explore the strategic scenarios for pop-ups to amplify the core business. Find my book The Business of Aspiration on Amazon and find me on Instagram, Twitter, and Threads.
To save money, companies often pause, de-fund, or reduce in scope their marketing activities. When the cash is tight, a company’s marketing budget is usually the first to go. It’s pure economics: If consumers are not spending money on products and services, there is little point to invest in marketing them.
It’s also wrong.
If there was ever a time when a company needs marketing, it is when the sales are low.
How much a brand invests in maintaining the relationship with its customers defines its long-term success. But this approach requires a strategic shift in how a brand thinks about its marketing actions: from creating demand for their products and services, to keeping the relationship with their customers. Otherwise, marketers are in danger of losing the connection with their customers.
To access the rest of this analysis, choose one of the paid subscription options: