article thumbnail

Finding the Sweet Spot Between Mass Market and Premium

Harvard Business Review

Persuading consumers to pay more for a product by introducing some kind of “premium” element into it has always been a challenging task—but it was one that big, established brands had managed with a reasonable amount of success until recent years. Smaller brands have been picking up the slack.

article thumbnail

Prototype Your Product, Protect Your Brand

Harvard Business Review

Many executives, eager to avoid over-investing in the wrong ideas, are intrigued by this approach, but they’re leery of putting unpolished products and services out in the market. Might we tarnish our brand? One way of doing this is to create a sub-brand that is clearly about introducing new and unfinished ideas.

Brand 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Volvo Reinvented Itself Through Hiring

Harvard Business Review

Developing what we call an “M&A strategy for talent” is one way to overcome this. For years, Volvo was a brand stuck between a rock and a hard place. The result was clear: to move into the premium-brand tier, Volvo needed new people with different skills. “Once, you needed mechanical engineers.

article thumbnail

J.C. Penney's Real Problem: The Shrinking Middle Class

Harvard Business Review

He approved marketing campaigns that told loyal Penney''s shoppers that "you deserve to look better," basically telling them that they looked less than glamorous wearing the brand they had trusted and been comfortable with for years. This reflects a troubling development in our economy, what some have termed the "hourglass economy."

Class 8
article thumbnail

Find the Best Local Markets to Drive Growth

Harvard Business Review

Finally, we found that these super geos made it easier for companies to develop growth strategies. These super geos were local profit pools that were concentrated and big enough to offer big ROI upside for marketing and sales. This also works broadly in other areas like private label brands.

article thumbnail

The Future of You

Harvard Business Review

In order to achieve this, you will need to master three things: self-branding, entrepreneurship, and hyperconnectivity. Self-branding is about being a signal in the noise of human capital. The stronger your brand, the stronger that signal. Successful brands are polarizing (they generate strong reactions) and simple.

article thumbnail

An Inside View of How LVMH Makes Luxury More Sustainable

Harvard Business Review

The companies that are most vocal about environmental and social issues tend to be big, mass-market brands — well-known retailers , consumer products giants , and tech firms that are telling a new story to consumers who increasingly care about sustainability. Brand-Building and Customer Connection.