How to Get Executive Buy-In for Long-Term Branding
Summary
Mark Ritson joins our host Marc Binkley in a wildly entertaining and frank conversation about why brand building matters and how you can get executives to buy into it.
Background on Mark Ritson
Mark has a PhD in Marketing and professor on the MBA programmes of leading business schools including London Business School and MIT. He’s also a brand consultant for LVMH, Johnson & Johnson, Subaru, DeBeers, Sephora, WD40 and numerous others. Mark has written a column on marketing for almost 20 years, winning the PPA Business Columnist of the Year three times. He teaches the Marketing Week Mini MBAs in Marketing and Brand Management.
Timestamps
0:00 – The Central Nervous System for Good Brand Building
1:25 – Intro to Mark Ritson
3:57 – What we miss out on when we focus exclusively on ROI / ROAS
5:45 – The right budget split between brand and tactical
6:58 – Why time and benchmarks matter for brand building
10:10 – Why we often get ‘strategy’ wrong and how we can get better
13:06 – Why 80% of marketers get the strategic brief wrong
14:17 – Does the strategic process change in B2B v. B2C & what LinkedIn got wrong about their own brand positioning
18:57 – 7 steps to get executive buy-in on long-term brand building
26:16 – Where did the list come from?
27:00 - How to set brand benchmarks and how frequently should they be tracked?
30:38 – How to lead a long-term brand plans and get budgets to support it
37:15 – Marketing strategy is not rocket science, but you can’t skip steps
38:53 – A short summary of marketing bullshit: Simon Sinek, Gary Vee, Maslow, PEST, SWOT, USP
42:08 – The trouble with a lot of post-secondary marketing programs
46:04 – How long-term brand builders assess progress & success
51:14 – How to find out more about MarkLinksRitson's Articles in Marketing Week Magazine
Ritson v. Sharp – Targeting vs. Sophisticated Mass Marketing
Listen Here: A-Cast Episode 28: How to Get Executive Buy-In for Long-Term Branding ft. Mark Ritson Subscribe to the A-Cast on Spotify or Apple Podcasts. Follow Anstice Communications on Instagram, Facebook, and LinkedIn to stay up-to-date on the A-Cast and agency news.
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