Tuesday, 06 October 2009 03:57

A recurring theme in BrandNew’s Mindreader® market intelligence work is that change is leading to paralysis. A typical verbatim from a business executive says it all ~

“There’s so much change, most of which we don’t understand. It’s leading to a feeling of being out of control and it’s directly affecting the ability of our senior people to make decisions. I think they often don’t know what to do”.

The objective must be to use this new economy as a springboard for building a better business. This requires the decision by most companies to strategically reposition their business. A time for bold decisions. Market intelligence shows companies need to look at their structure, product range, their pricing, service delivery and their brand. It shows a marked increase in emphasis by consumers on quality reassurance, value for money and trust in the relationship between consumer and provider. These three critical attributes must be an integral part of not just the brand but of the total offering of the company and the way it does business.

If these attributes are missing, the business is most definitely out of control.