Brands Aren’t Dead, But Traditional Branding Tools Are Dying
Very interesting article to read by Jens Martin Skibsted and Rasmus Bech Hanse on HBR Blog Network. I share some parts of it to give you an idea... Back in the days when the internet was young, many believed that as it grew brands would become a thing of the past. ... This has clearly turned out to be wrong. In fact, the web has become dominated by, yes, a few big brands. Still, the notion that a bigger worldwide web means smaller brands is surprisingly resilient. Most recently Stanford professor Itamar Simonsen and author Emanual Rosen have argued in their new book Absolute Value: What Really Influences Customers in the Age of (Nearly) Perfect Information and in their recent blog post here that marketers need to reevaluate the idea that brands are critically important in consumer’s purchasing decisions. They claim: “brands are less needed when consumers can assess product quality using better sources of information such as reviews from other users, expert opinion, or information from...