Question

In: Finance

Lovemarks – The future beyond brands Lovemarks is a marking concept that is intended to replace...

Lovemarks – The future beyond brands
Lovemarks is a marking concept that is intended to replace the idea of brands. The idea was first widely publicized in a book of the same name written by Kevin Roberts, CEO of the advertising agency Saatchi & Saatchi.
Watch the video and the paper in the links below and provide your opinion in 300 words. Do you agree with Kevin about Lovemarks concept? If yes, why and if no, why not? You have to use the information from the links to support your discussion.
http://redrose.

Solutions

Expert Solution

I do not agree with Kevin about the lovemarks concept because-

Of all the biz-themed books I've been reading this year, I have to admit that "Lovemarks" has done the least for me.

I found the style of the book the hardest element in luring me in. Whereas I'm sure a lot of visual types (or individuals with ADHD) would be drawn to how the author, Kevin Roberts (CEO of Saatchi & Saatchi), treats his text in this tome of his, I was not a fan. I found all the text over graphics and images to be a major distraction in trying to take home the lessons about branding that Kevin was trying to teach me. (I also wasn't pulled in by his writing, but that's another discussion).

So what of the take-aways....well, I did come away from reading this one with the following:

• Roberts believes that — more than anything — the world needs love. And that businesses must play a key role in making that happen.

• That whereas brands are built around the promise of quality, a set of defined attributes and are professional in nature, Lovemarks are about the relationship with the consumer, with an emphasis on sensuality, being wrapping in mystery and taking the form of a passionately creative individual or product.

• The three major factors to a Lovemark: mystery, sensuality and intimacy.

• One element to the mystery of Lovemarks that I appreciated was the concept of storytelling. I'm big on this, given the way I try to go the extra mile for each of my wedding clients by sharing their love stories with them (and, in turn, blog readers), so this was a great take-away to read: "Stories feed Lovemarks. They are how we explain the world to ourselves and give value to the things we love." If storytelling can help give value to my service as a wedding photographer, I'm all for it!

• If I said Apple and Starbucks were Lovemarks, you'd get the concept, right?

• And a final passage that I did bookmark:
"There is one more thing that I believe Lovemarks need that aligns with Intimacy, empathy, and commitment. It is the intensity and rush that accompanies only the strongest emotions. Put together with Love it can transform the most insignificant product into a must-have. It has the power to give an intensity to a relationship that will carry it through good times and bad. Passion. With passion, the most difficult of objects can be achieved."

overall i didn't had a good time with lovemarks .


Related Solutions

In an experiment to investigate the performance of four different brands of spark plugs intended for...
In an experiment to investigate the performance of four different brands of spark plugs intended for use on a 125-cc motorcycle, five plugs of each brand were tested, and the number of miles (at a constant speed) until failure was observed. A partially completed ANOVA table is given. Fill in the missing entries, and test the relevant hypotheses using a .05 level of significance. (Give the answer to two decimal places.) Source of Variation df Sum of Squares Mean Square...
The addition of a future funding to an existing CRE CLO is intended to increase the...
The addition of a future funding to an existing CRE CLO is intended to increase the average life of the deal True False The addition of a future funding to an existing CRE CLO is intended to maintain the average life of the deal True False The addition of a future funding to an existing CRE CLO is intended to decrease the average life of the deal True False
QUESTION 17 The addition of a future funding to an existing CRE CLO is intended to...
QUESTION 17 The addition of a future funding to an existing CRE CLO is intended to decrease the average life of the deal True False 10 points    QUESTION 18 When loans in a CRE CLO pay off before their maturity, the overall financing becomes more expensive for the issuer True False 10 points    QUESTION 19 When loans in a CRE CLO pay off before their maturity, the overall financing becomes less expensive for the issuer True False
Can AI replace Accoutants in the future? (separate accounting and auditing)
Can AI replace Accoutants in the future? (separate accounting and auditing)
Begin this discussion by first stating your intended future career. Then give an example of a...
Begin this discussion by first stating your intended future career. Then give an example of a proportion that applies to two Populations for which you would like to do a Hypothesis Test in your future career. In your Hypothesis Test you will be testing the difference between these two Population proportions. Your discussion MUST include for the two target Populations along with the Population characteristic that your proportion is measuring. As shown in the text your Null and Alternative Hypotheses...
Begin this discussion by first stating your intended future career. Then give an example of a...
Begin this discussion by first stating your intended future career. Then give an example of a mean that applies to two Populations for which you would like to do a Hypothesis Test in your future career. In your Hypothesis Test you will be testing the difference between these two Population means when the two samples are independent. Your discussion MUST include the two target Populations along with the Population characteristic that your mean is computed for, and the unit that...
Begin this discussion by first stating your intended future career. Then give an example from your...
Begin this discussion by first stating your intended future career. Then give an example from your intended future career of a Population Mean that you would like to do a Hypothesis Test for. The target Population of your Hypothesis Test activities must be included in your discussion along with the unit of measurement that you are using. As shown in the text your Null and Alternative hypothesis MUST include the symbol for a Population Mean along with your hypothesized claimed...
1- Describe the concept of psychological pricing, their intended use and types. explaın 2-Describe the stages...
1- Describe the concept of psychological pricing, their intended use and types. explaın 2-Describe the stages of the product life cycle with their properties. explaın 3-3. What are the features that distinguish services from products? Is it possible to provide a certain quality standard for services? Please explain
Begin this discussion by first stating your intended future career.(Network Administrator) Then give an example from...
Begin this discussion by first stating your intended future career.(Network Administrator) Then give an example from your intended future career of a proportion that applies two Populations for which you would like to do a Hypothesis Test. In your Hypothesis Test you will be testing the difference between these two Population proportions. Your discussion MUST include the two target Populations along with the Population characteristic that your proportion is measuring.
Case Synopsis: Microsoft CEO Satya Nadella Looks to Future Beyond Windows Microsoft had come to be...
Case Synopsis: Microsoft CEO Satya Nadella Looks to Future Beyond Windows Microsoft had come to be perceived as an out-of-touch behemoth that relied too much on its Windows operating system and failed to move into new markets, like mobile. The company’s new CEO, Satya Nadella, has aggressively looked outside of Windows to develop new business models. Since December, Microsoft has bought two small companies that focus on mobile productivity apps. In Nadella’s first year, Microsoft stock rose 14 percent, and...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT