SlideShare a Scribd company logo
1 of 34
Download to read offline
10

ACTIONS

TO HELP ENSURE

YOUR BUSINESS

SUCCEEDSBy Gül Heper & Alexander Niléhn
The Corona virus has hit the heart of the economy, and it hits the economy at all sides. In these
difficult times, it’s important to remember that you and your brand can make a difference. Find the
bridge between your products and services and people’s new needs and mindsets. Sell to help, not
to move product. If you can improve your customers’ lives, you’ll always stay relevant. Brands that
impress come out stronger on the other side. Therefore, we share our advise on 10 actions that
can improve the outlook for your business here and now.
WHAT CAN 

BE DONE

RIGHT NOW?
STABILISE SUPPLY CHAINS

AVOID PRICE GOUGING

REASSESS YOUR PRODUCTS’ PRIMARY BENEFITS

ENSURE COSTUMER STABILISATION

EVALUATE DIGITAL COMMERCE VS BRICK-&-MORTAR

STRENGTHEN CREATIVE PARTNERSHIPS

BECOME INSIGHT-DRIVEN

DEMONSTRATE BRAND PURPOSE

IMPROVE EMPLOYEE EXPERIENCE

IDENTIFY POST CRISIS BEHAVIOUR

01

02

03

04

05

06

07

08

09

10
01STABILISE SUPPLY CHAINS
In theory, organisations should know all parties in their supply chain network (within the broader
business ecosystem) and trust them — but this is far from today’s reality. Could COVID-19 be the
black swan event that finally forces many companies, and entire industries, to rethink and transform
their global supply chain model? But here and now we recommend three actions to mitigate the
immediate impact of the crisis on supply chains:      
STABILISE

SUPPLY CHAINS ENSURE YOUR
INFORMATION SOURCE
IS RELIABLE: REAL-
TIME TRACKING
Impact reports in times of crisis tend to
be inaccurate, update your intelligence
daily and rely on people in the field as a
source of reliable information.
PLAN FOR UNSEEN
IMPACT
Run outage scenarios and plan for
unseen impact on the business in order
to assist in adapting to the evolution in
retail and the rise of omni-channel.
BREAK DOWN
FUNCTIONAL SILOS
The traditional linear supply chain
model is transforming into digital
supply networks (DSNs), where
functional silos are broken down and
organisations become connected to
their complete supply network.
02AVOID BRAND DEPRECIATION
As demand on some items goes up and supply drops, we are
seeing many third party sellers taking advantage of the crisis by
gouging prices. Be sure to keep a very close eye on near-term
pricing changes to avoid brand deprecation.
When you need something to stay safe from a
dangerous virus, it’s simply not right for
companies to continue enabling people to prey
on the emergency. Instead, win customers over
by focusing on being truly customer-obsessed
and fulfil your commitment to outstanding
customer service. It takes a customer-centric
approach to build brand loyalty.
AVOID

PRICE

GOUGING
CUSTOMER
OBSESSIONMATTERS
73%of customers find a positive customer
experience with a brand to be more
influential than great advertising.
PWC (2019)
03REASSESS YOUR PRODUCTS’ PRIMARY BENEFITS
Make it accessible to more people reflecting a new time and user
behaviour.
WHAT CAN YOUR
PRODUCT(S) OR
SERVICE(S) ACCOMPLISH?
Product/Service benefits can either be actual or perceived. Perceived benefits include
the products popularity, its image or its reputation. Actual benefits include the performance of the
product, its design as well as its cost-effectiveness. Reassess your products’ and/or services' primary
benefits and consider playing in new consumption occasions. Keep track of consumer search
behaviour and social sentiment around your product or service and the category. Consider
highlighting key benefits that help address a new consumer need, or play in a new usage occasion that
drives your products’ consideration. Make the product or service accessible to more people reflecting
a new time and user behaviour.

04ENSURE COSTUMER STABILISATION
Invest in your core customer segments that demonstrate a
long term growth potential and/or high customer lifetime
value.
RETAIN LOYAL
CUSTOMERS BY
PROVIDING VALUE
Brands that are committed to customer-centricity analyse, plan and implement carefully formulated
customer marketing strategies that focus on creating and keeping profitable and loyal customers.
Invest in your core customer segments that demonstrate a long term growth potential and/or high
customer lifetime value. Be sure to anticipate their evolved behaviour and need and address them
using hyper-personalised and contextual messages - and provide exceptional customer experience at
the point of sale and after the sale.
ENSURE COSTUMER
STABILISATION
IMPROVE

ONBOARDING
Simplify the process and help
your customers fulfil their
goals. Consider personalising
the onboarding sequence by
tailoring it to the buyer
persona.
HIGH-END CUSTOMER
SERVICE
Better customer service
equals a better customer
experience. Look into which
channels your clients use the
most right now.
COLLECT ACTIONABLE
FEEDBACK
Happy customers are loyal
customers. Hear them out.
Collect and store all the
feedback you receive in one
place.
IDENTIFY

PAINPOINTS
Home life is going to be
painful, boring, lonely,
unproductive, no exercise,
etc. How do your products or
services help? Identify the
most frequent recurring
issues that are being reported.
REVENUE BOOSTING
PERSONALISATION
Deliver your messages
through the right channel at
the right time. Experience
personalisation is paramount
nowadays [Learn more at the
BBH blog].
05EVALUATE DIGITAL COMMERCE VS BRICK-&-MORTAR
Examine digital commerce vs. national Brick-& -Mortar as part of
your omni-channel strategy
Examine digital commerce vs. national Brick-& -
Mortar as part of your omni-channel strategy:
People have dramatically shifted toward online
shopping for all types of goods, including food
and produce delivery. Ensure that the quality of
goods sold online and your product description is
accurate. Also consider your customers’ changing
preferences may be unlikely to go back to pre-
outbreak norms.
PREFERENCES

ARE CHANGING

RAPIDLY
83%of consumers say an omnichannel
experience, such as moving from web
chat to a live conversation, is desirable.
Genesys,, 2020
06STRENGTHEN CREATIVE PARTNERSHIPS
Discover new ways to deliver your product or service with a
creative partner.
REMEMBER
THAT YOU’RE
NOT ALONE!
Find new revenue streams together and discover new ways to deliver your product, service or
experience. Continue working closely with your creative partners on current projects which have been
disrupted, to find supportive solutions wherever possible. This could be the time to supercharge
development for both short and long-term opportunities. Dare to rethink. The power of creativity
and the primacy of an idea could change everything.
THE POWER 

OF

AND THE PRIMACY 

OF THE .
CREATIVITY
IDEA
07BECOME INSIGHT-DRIVEN
Optimise your tech stack and secure data to give you insights on
the best way forward
FROM DATA-DRIVEN
INSIGHTS TO INSIGHTS-
DRIVEN ENTERPRISE
Are you fully utilising your Martech stack to reach out to your customers in the best way? And based
on data and insights - do you know what the customers need? Take this opportunity to activate what
you’ve got and find new ways to generate business. The road from a pile of raw data to data-driven
insights and from insights to action is paved with good intentions, but often learning things from data
takes excessive time and energy. Getting from metrics to insights is the real challenge presented by
overwhelming quantities of data. Devoting people resources, developing the right processes, and
investing in the right technologies is key to overcoming current challenges. If you’re interested in
transforming your data into concrete insights, you’ll need to equip yourself with the tools for success.
08DEMONSTRATE BRAND PURPOSE
Knowing your brand purpose is one thing—but getting it out into
the world is another. Strengthen the perception of your brand by
supporting epidemic efforts. Brand purpose represents your
reason for being and what you stand for beyond making money.
YOUR

NORTH STAR 

& NOBLE PURPOSE.
Support epidemic efforts by demonstrating your brand's purpose: Businesses are only as strong as the
communities of which they are a part. Your brand purpose can have a major impact on how your
brand is viewed in the market—and, ultimately, can be the driving force behind your success. If you
have products or services that can actually help people, then actually help people. We strongly advise
against ‘cashing in’ on a crisis but instead wrap your services and products in ways that help. Or make
time to figure out how to support response efforts—for example, by providing money, equipment, or
expertise. Actions speak louder than words. Just ask LVMH, the French holding company of brands
such as Louis Vuitton, that have repurposed all of their perfume factories into sanitiser production
lines. This beats pure talk.

LOOK AT WHAT
MADE IT IN
THE FIRST PLACE.
GREAT
If you want to make a brand great again
IN THE PAST, WE'VE SEEN LOTS OF COMPANIES
THAT HAVE HAD THE BEST, BRILLIANT INTENTIONS
BUT THE INTENTIONS WERE POORLY EXECUTED.
THIS IS NOT THE TIME TO BE BEATING YOUR OWN
CHEST. THIS IS THE TIME TO BE A GOOD
CORPORATE CITIZEN TO CONTRIBUTE TO THE PUBLIC
GOOD, AND NOT TO BE 'SEEN' AS 'A SUPER GOOD
COMPANY'

Jay Milliken, Prophet senior partner and Asia regional lead
09IMPROVE EMPLOYEE EXPERIENCE
Your employees are key to the best customer experience and
secured revenue.
DESIGN AN EMPLOYEE
EXPERIENCE THAT IMPROVES
BUSINESS PERFORMANCE
The employee experience is the journey an employee takes with your organisation. It includes
everything from major milestones and personal relationships to technology use and the physical
work environment. It's the big picture that ties together all of your efforts to attract, engage and
develop your employees. Strong customer experiences start with satisfied employees. Help your
employees to help you by giving them the tools, purpose and a clear vision to deliver the best
customer experience whilst staying safe. Because none of us are as good as all of us.

BECAUSE

NONE OF

IS AS GOOD

AS . ALL OF US
US
10IDENTIFY POST CRISIS BEHAVIOUR
Look forward and start planning for post crisis behaviours
ANTICIPATE

PREDICT,

ADAPT.
Look forward and start planning for post crisis behaviours. Of course, attention must turn to critical
business operations; however, our role as brand experts is to remind marketing leaders of the lessons
from history. Brands that keep going - and keep going in specific ways - emerge from economic
shocks ahead of their competitors.
Brands that reduce their
spends during times of
recession often come out
the other end weaker.
Every business will have
its own unique features
but history tells us on
average marketing budgets
should be protected, not
raided for recovery.
Strong brands recovered
9x faster than weaker
brands following the
financial crash of 2008.
Don’t forget about your
brand! Protect it. Fuel it.
It’s going to help you
come back.
The dual impacts of
short-termism in
marketing and lower
investment behind
creativity have halved the
success of creativity over
a period of just four years.
By reducing investment in
the long-term now brands
face the very real risk of
reducing their commercial
power down the line.
Hold the line as much as
is possible.
Brands that focus on
increasing relative share
of voice, perceived share
of voice and product
quality perceptions are
more successful. It
happened in the 90s. In
the 2000s. And 2008. It
should happen again.
In post COVID-19 world
there will be lots of small
moments that gain a new
emotional resonance: the
first pint back at the pub,
the first cup of tea with
your gran in two months,
getting back to your yoga/
pottery class/5-aside
league or Eastenders back
to 4 nights a week. Brands
can make them feel even
more special and elevate
these moments.
PROTECT
BUDGETS
PROTECT
BRAND
GO

LONG
SPEND

RIGHT
CELEBRATE 

MILESTONES
01 02 03 04 05
HOW:
Credit: Will Lion, Managing Partner at BBH
Make sure you’re listening
to your customers so you
are prepared for the new
normal. A re-evaluation
of work/life priorities? A
stronger commitment to
family? Increased
anxieties? Tightening
budgets? Don’t presume
that things will revert back
to the status quo once this
appears to be coming to a
close. Prepare to check in
with the market.
 
Is going to the store still
the optimum for people?
Will people go back to the
purchase behaviours of
pre-Covid or will it have
massively accelerated the
direct-to-consumer trend.
As highstreet players may
unfortunately fall as a
result of this,
strengthening your DTC
proposition will help
adapt to new behaviours
and the new reality.
Resist developing an exact
plan. Give yourself and
your team a chance to
adapt as weeks go by.
Section quarters up, map
things out. Move to
iterative delivery cycles.
Be agile in your
management.
 
What are the seeds that
you can plant now and
will have impact in the
future? Think of it as a
hibernation phase: now is
the time to focus on the
side of your business that
helps people grow, learn,
improve, without the
pressure of reaching
instant gratification. The
next big thing could be
conceived WFH.
As we are seeing a massive
expansion of the state and
the role of large brands in
delivering key services, big
will be back and trusted
more. Who will you want
to bank with after this is
all done? A startup or an
established critical player?
THE NEW
NORMAL
RETHINK 

DIRECT
ALLOW
CHANGE
EMBRACE
DEEP WORK
BIG AND
TRUSTED
06 07 08 09 10
HOW:
Credit: Will Lion, Managing Partner at BBH
BBH

STOCKHOLMContact us:

hello@bbh-stockholm.se

+46 76 187 55 68
In

More Related Content

What's hot

Planning Your Digital Strategy Around The Customer Journey
Planning Your Digital Strategy Around The Customer JourneyPlanning Your Digital Strategy Around The Customer Journey
Planning Your Digital Strategy Around The Customer JourneyNeil Henry
 
5 maneiras pelas quais as marcas podem reinventar sua estratégia de marketing...
5 maneiras pelas quais as marcas podem reinventar sua estratégia de marketing...5 maneiras pelas quais as marcas podem reinventar sua estratégia de marketing...
5 maneiras pelas quais as marcas podem reinventar sua estratégia de marketing...Ricardo Santos Cursorobomilionariojoao
 
Customer centric innovations - the Swedish way
Customer centric innovations - the Swedish wayCustomer centric innovations - the Swedish way
Customer centric innovations - the Swedish wayZélia Sakhi
 
Creating a memorable brand experience
Creating a memorable brand experienceCreating a memorable brand experience
Creating a memorable brand experienceXPotential
 
Help me don't sell to me - The business case for being a helpful brand in the...
Help me don't sell to me - The business case for being a helpful brand in the...Help me don't sell to me - The business case for being a helpful brand in the...
Help me don't sell to me - The business case for being a helpful brand in the...David Gyertson
 
Acuity Frontline Thinking Issue 4
Acuity Frontline Thinking Issue 4Acuity Frontline Thinking Issue 4
Acuity Frontline Thinking Issue 4We are Acuity
 
Business Breakthrough
Business BreakthroughBusiness Breakthrough
Business BreakthroughTony Porter
 
BBDO Belgium - Agency of the Year
BBDO Belgium - Agency of the YearBBDO Belgium - Agency of the Year
BBDO Belgium - Agency of the YearBBDO Belgium
 
Topic 2- Modules 1 to 4
Topic 2- Modules 1 to 4Topic 2- Modules 1 to 4
Topic 2- Modules 1 to 4rheaverma
 
Cadbury campaign pitch presentation (naked idea agency)
Cadbury campaign pitch presentation (naked idea agency)Cadbury campaign pitch presentation (naked idea agency)
Cadbury campaign pitch presentation (naked idea agency)yanahada
 
Messaging: How to Get it Right
Messaging: How to Get it RightMessaging: How to Get it Right
Messaging: How to Get it RightRon Carson
 
Digital Strategy 101
Digital Strategy 101Digital Strategy 101
Digital Strategy 101Bud Caddell
 
Consumer trends and the way they affect retail
Consumer trends and the way they affect retailConsumer trends and the way they affect retail
Consumer trends and the way they affect retailAlain Thys
 
5 Senses Branding Red Tomato
5 Senses Branding Red Tomato5 Senses Branding Red Tomato
5 Senses Branding Red TomatoJustin Reynolds
 

What's hot (20)

Future of marketing 1/2 - CIM and BL's presentations
Future of marketing 1/2 - CIM and BL's presentationsFuture of marketing 1/2 - CIM and BL's presentations
Future of marketing 1/2 - CIM and BL's presentations
 
Planning Your Digital Strategy Around The Customer Journey
Planning Your Digital Strategy Around The Customer JourneyPlanning Your Digital Strategy Around The Customer Journey
Planning Your Digital Strategy Around The Customer Journey
 
5 maneiras pelas quais as marcas podem reinventar sua estratégia de marketing...
5 maneiras pelas quais as marcas podem reinventar sua estratégia de marketing...5 maneiras pelas quais as marcas podem reinventar sua estratégia de marketing...
5 maneiras pelas quais as marcas podem reinventar sua estratégia de marketing...
 
B2B Ignite USA
B2B Ignite USAB2B Ignite USA
B2B Ignite USA
 
Customer centric innovations - the Swedish way
Customer centric innovations - the Swedish wayCustomer centric innovations - the Swedish way
Customer centric innovations - the Swedish way
 
Creating a memorable brand experience
Creating a memorable brand experienceCreating a memorable brand experience
Creating a memorable brand experience
 
Help me don't sell to me - The business case for being a helpful brand in the...
Help me don't sell to me - The business case for being a helpful brand in the...Help me don't sell to me - The business case for being a helpful brand in the...
Help me don't sell to me - The business case for being a helpful brand in the...
 
Content marketing best practices
Content marketing best practicesContent marketing best practices
Content marketing best practices
 
Everaxis
EveraxisEveraxis
Everaxis
 
Innovate Or Die
Innovate Or DieInnovate Or Die
Innovate Or Die
 
Acuity Frontline Thinking Issue 4
Acuity Frontline Thinking Issue 4Acuity Frontline Thinking Issue 4
Acuity Frontline Thinking Issue 4
 
Business Breakthrough
Business BreakthroughBusiness Breakthrough
Business Breakthrough
 
BBDO Belgium - Agency of the Year
BBDO Belgium - Agency of the YearBBDO Belgium - Agency of the Year
BBDO Belgium - Agency of the Year
 
Modern Agency
Modern Agency Modern Agency
Modern Agency
 
Topic 2- Modules 1 to 4
Topic 2- Modules 1 to 4Topic 2- Modules 1 to 4
Topic 2- Modules 1 to 4
 
Cadbury campaign pitch presentation (naked idea agency)
Cadbury campaign pitch presentation (naked idea agency)Cadbury campaign pitch presentation (naked idea agency)
Cadbury campaign pitch presentation (naked idea agency)
 
Messaging: How to Get it Right
Messaging: How to Get it RightMessaging: How to Get it Right
Messaging: How to Get it Right
 
Digital Strategy 101
Digital Strategy 101Digital Strategy 101
Digital Strategy 101
 
Consumer trends and the way they affect retail
Consumer trends and the way they affect retailConsumer trends and the way they affect retail
Consumer trends and the way they affect retail
 
5 Senses Branding Red Tomato
5 Senses Branding Red Tomato5 Senses Branding Red Tomato
5 Senses Branding Red Tomato
 

Similar to 10 Actions To Help Ensure Your Business Succeeds | BBH Stockholm

Survival Tactics & Ideas
Survival Tactics & IdeasSurvival Tactics & Ideas
Survival Tactics & IdeasBasudeo Ojha
 
Future of marketing
Future of marketing Future of marketing
Future of marketing Shubham Goel
 
Rethinking Marketing
Rethinking MarketingRethinking Marketing
Rethinking MarketingRichard Meyer
 
The new world of B2B sales - Accenture - June 2020
The new world of B2B sales - Accenture - June 2020The new world of B2B sales - Accenture - June 2020
The new world of B2B sales - Accenture - June 2020Guillaume Larronde-Larretche
 
Rethinking Marketing
Rethinking MarketingRethinking Marketing
Rethinking Marketingguest8c910a
 
Rethinking Marketing
Rethinking MarketingRethinking Marketing
Rethinking Marketingguest954ad01
 
Rethinking Marketing
Rethinking MarketingRethinking Marketing
Rethinking Marketingguest7138114
 
BUILDING YOUR CX STRATEGY: SEVEN DIMENSIONS FOR SUCCESS
BUILDING YOUR CX STRATEGY: SEVEN DIMENSIONS FOR SUCCESSBUILDING YOUR CX STRATEGY: SEVEN DIMENSIONS FOR SUCCESS
BUILDING YOUR CX STRATEGY: SEVEN DIMENSIONS FOR SUCCESSCorey Miller
 
Stop Isolating Customer Insights: Five Ways to Design the Customer Into Your ...
Stop Isolating Customer Insights: Five Ways to Design the Customer Into Your ...Stop Isolating Customer Insights: Five Ways to Design the Customer Into Your ...
Stop Isolating Customer Insights: Five Ways to Design the Customer Into Your ...Mohamed Mahdy
 
Vivaldi UK Capabilities | Retail
Vivaldi UK Capabilities | RetailVivaldi UK Capabilities | Retail
Vivaldi UK Capabilities | RetailRichard Rolka
 
Customer Connect - Insight Sherpas.pdf
Customer Connect - Insight Sherpas.pdfCustomer Connect - Insight Sherpas.pdf
Customer Connect - Insight Sherpas.pdfChrisEdwards206598
 
Customer Connect - Insight Sherpas.pdf
Customer Connect - Insight Sherpas.pdfCustomer Connect - Insight Sherpas.pdf
Customer Connect - Insight Sherpas.pdfHelenTabrett
 
Top 10 Marketing Tricks for the Banking Industry
Top 10 Marketing Tricks for the Banking IndustryTop 10 Marketing Tricks for the Banking Industry
Top 10 Marketing Tricks for the Banking IndustryPrototype Interactive
 
5 ideal customer intimacy strategies that never fail
5 ideal customer intimacy strategies that never fail5 ideal customer intimacy strategies that never fail
5 ideal customer intimacy strategies that never failDeskXpand
 
How To Turn Employees Into Brand Ambassadors
How To Turn Employees Into Brand AmbassadorsHow To Turn Employees Into Brand Ambassadors
How To Turn Employees Into Brand AmbassadorsEvgeny Tsarkov
 
Customer Value Management Principles
Customer Value Management PrinciplesCustomer Value Management Principles
Customer Value Management PrinciplesPegasystems
 
1 Ss Bro Super Hero Business
1 Ss Bro Super Hero Business1 Ss Bro Super Hero Business
1 Ss Bro Super Hero Businesssherriwinters
 
Making Demand Generation work in the Construction industry
Making Demand Generation work in the Construction industryMaking Demand Generation work in the Construction industry
Making Demand Generation work in the Construction industryLedger Bennett DGA
 

Similar to 10 Actions To Help Ensure Your Business Succeeds | BBH Stockholm (20)

Survival Tactics & Ideas
Survival Tactics & IdeasSurvival Tactics & Ideas
Survival Tactics & Ideas
 
Future of marketing
Future of marketing Future of marketing
Future of marketing
 
100 sales tips for 2017
100 sales tips for 2017100 sales tips for 2017
100 sales tips for 2017
 
Rethinking Marketing
Rethinking MarketingRethinking Marketing
Rethinking Marketing
 
The new world of B2B sales - Accenture - June 2020
The new world of B2B sales - Accenture - June 2020The new world of B2B sales - Accenture - June 2020
The new world of B2B sales - Accenture - June 2020
 
Rethinking Marketing
Rethinking MarketingRethinking Marketing
Rethinking Marketing
 
Rethinking Marketing
Rethinking MarketingRethinking Marketing
Rethinking Marketing
 
Rethinking Marketing
Rethinking MarketingRethinking Marketing
Rethinking Marketing
 
BUILDING YOUR CX STRATEGY: SEVEN DIMENSIONS FOR SUCCESS
BUILDING YOUR CX STRATEGY: SEVEN DIMENSIONS FOR SUCCESSBUILDING YOUR CX STRATEGY: SEVEN DIMENSIONS FOR SUCCESS
BUILDING YOUR CX STRATEGY: SEVEN DIMENSIONS FOR SUCCESS
 
Stop Isolating Customer Insights: Five Ways to Design the Customer Into Your ...
Stop Isolating Customer Insights: Five Ways to Design the Customer Into Your ...Stop Isolating Customer Insights: Five Ways to Design the Customer Into Your ...
Stop Isolating Customer Insights: Five Ways to Design the Customer Into Your ...
 
Vivaldi UK Capabilities | Retail
Vivaldi UK Capabilities | RetailVivaldi UK Capabilities | Retail
Vivaldi UK Capabilities | Retail
 
Customer Connect - Insight Sherpas.pdf
Customer Connect - Insight Sherpas.pdfCustomer Connect - Insight Sherpas.pdf
Customer Connect - Insight Sherpas.pdf
 
Customer Connect - Insight Sherpas.pdf
Customer Connect - Insight Sherpas.pdfCustomer Connect - Insight Sherpas.pdf
Customer Connect - Insight Sherpas.pdf
 
Top 10 Marketing Tricks for the Banking Industry
Top 10 Marketing Tricks for the Banking IndustryTop 10 Marketing Tricks for the Banking Industry
Top 10 Marketing Tricks for the Banking Industry
 
Donegal CEB Marketing on a Shoestring Budget
Donegal CEB Marketing on a Shoestring BudgetDonegal CEB Marketing on a Shoestring Budget
Donegal CEB Marketing on a Shoestring Budget
 
5 ideal customer intimacy strategies that never fail
5 ideal customer intimacy strategies that never fail5 ideal customer intimacy strategies that never fail
5 ideal customer intimacy strategies that never fail
 
How To Turn Employees Into Brand Ambassadors
How To Turn Employees Into Brand AmbassadorsHow To Turn Employees Into Brand Ambassadors
How To Turn Employees Into Brand Ambassadors
 
Customer Value Management Principles
Customer Value Management PrinciplesCustomer Value Management Principles
Customer Value Management Principles
 
1 Ss Bro Super Hero Business
1 Ss Bro Super Hero Business1 Ss Bro Super Hero Business
1 Ss Bro Super Hero Business
 
Making Demand Generation work in the Construction industry
Making Demand Generation work in the Construction industryMaking Demand Generation work in the Construction industry
Making Demand Generation work in the Construction industry
 

Recently uploaded

Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessBrighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessVarn
 
How to utilize calculated properties in your HubSpot setups
How to utilize calculated properties in your HubSpot setupsHow to utilize calculated properties in your HubSpot setups
How to utilize calculated properties in your HubSpot setupsssuser4571da
 
Social media, ppt. Features, characteristics
Social media, ppt. Features, characteristicsSocial media, ppt. Features, characteristics
Social media, ppt. Features, characteristicswasim792942
 
Unraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptxUnraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptxelizabethella096
 
Unraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptxUnraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptxelizabethella096
 
Brand experience Dream Center Peoria Presentation.pdf
Brand experience Dream Center Peoria Presentation.pdfBrand experience Dream Center Peoria Presentation.pdf
Brand experience Dream Center Peoria Presentation.pdftbatkhuu1
 
Uncover Insightful User Journey Secrets Using GA4 Reports
Uncover Insightful User Journey Secrets Using GA4 ReportsUncover Insightful User Journey Secrets Using GA4 Reports
Uncover Insightful User Journey Secrets Using GA4 ReportsVWO
 
Factors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptxFactors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptxVikasTiwari846641
 
Aryabhata I, II of mathematics of both.pptx
Aryabhata I, II of mathematics of both.pptxAryabhata I, II of mathematics of both.pptx
Aryabhata I, II of mathematics of both.pptxtegevi9289
 
Situation Analysis | Management Company.
Situation Analysis | Management Company.Situation Analysis | Management Company.
Situation Analysis | Management Company.DanielaQuiroz63
 
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15SearchNorwich
 
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesGoogle 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesSearch Engine Journal
 
Kraft Mac and Cheese campaign presentation
Kraft Mac and Cheese campaign presentationKraft Mac and Cheese campaign presentation
Kraft Mac and Cheese campaign presentationtbatkhuu1
 
personal branding kit for music business
personal branding kit for music businesspersonal branding kit for music business
personal branding kit for music businessbrjohnson6
 
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
Cash payment girl 9257726604 Hand ✋ to Hand over girl
Cash payment girl 9257726604 Hand ✋ to Hand over girlCash payment girl 9257726604 Hand ✋ to Hand over girl
Cash payment girl 9257726604 Hand ✋ to Hand over girlCall girl Jaipur
 

Recently uploaded (20)

Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessBrighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
 
How to utilize calculated properties in your HubSpot setups
How to utilize calculated properties in your HubSpot setupsHow to utilize calculated properties in your HubSpot setups
How to utilize calculated properties in your HubSpot setups
 
Social media, ppt. Features, characteristics
Social media, ppt. Features, characteristicsSocial media, ppt. Features, characteristics
Social media, ppt. Features, characteristics
 
Unraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptxUnraveling the Mystery of The Circleville Letters.pptx
Unraveling the Mystery of The Circleville Letters.pptx
 
Unraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptxUnraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptx
 
Brand experience Dream Center Peoria Presentation.pdf
Brand experience Dream Center Peoria Presentation.pdfBrand experience Dream Center Peoria Presentation.pdf
Brand experience Dream Center Peoria Presentation.pdf
 
The Future of Brands on LinkedIn - Alison Kaltman
The Future of Brands on LinkedIn - Alison KaltmanThe Future of Brands on LinkedIn - Alison Kaltman
The Future of Brands on LinkedIn - Alison Kaltman
 
Uncover Insightful User Journey Secrets Using GA4 Reports
Uncover Insightful User Journey Secrets Using GA4 ReportsUncover Insightful User Journey Secrets Using GA4 Reports
Uncover Insightful User Journey Secrets Using GA4 Reports
 
Factors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptxFactors-Influencing-Branding-Strategies.pptx
Factors-Influencing-Branding-Strategies.pptx
 
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
Generative AI Master Class - Generative AI, Unleash Creative Opportunity - Pe...
 
Aryabhata I, II of mathematics of both.pptx
Aryabhata I, II of mathematics of both.pptxAryabhata I, II of mathematics of both.pptx
Aryabhata I, II of mathematics of both.pptx
 
Situation Analysis | Management Company.
Situation Analysis | Management Company.Situation Analysis | Management Company.
Situation Analysis | Management Company.
 
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
Five Essential Tools for International SEO - Natalia Witczyk - SearchNorwich 15
 
Creator Influencer Strategy Master Class - Corinne Rose Guirgis
Creator Influencer Strategy Master Class - Corinne Rose GuirgisCreator Influencer Strategy Master Class - Corinne Rose Guirgis
Creator Influencer Strategy Master Class - Corinne Rose Guirgis
 
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesGoogle 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
 
Kraft Mac and Cheese campaign presentation
Kraft Mac and Cheese campaign presentationKraft Mac and Cheese campaign presentation
Kraft Mac and Cheese campaign presentation
 
personal branding kit for music business
personal branding kit for music businesspersonal branding kit for music business
personal branding kit for music business
 
Digital Strategy Master Class - Andrew Rupert
Digital Strategy Master Class - Andrew RupertDigital Strategy Master Class - Andrew Rupert
Digital Strategy Master Class - Andrew Rupert
 
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 128 Noida Escorts >༒8448380779 Escort Service
 
Cash payment girl 9257726604 Hand ✋ to Hand over girl
Cash payment girl 9257726604 Hand ✋ to Hand over girlCash payment girl 9257726604 Hand ✋ to Hand over girl
Cash payment girl 9257726604 Hand ✋ to Hand over girl
 

10 Actions To Help Ensure Your Business Succeeds | BBH Stockholm

  • 1. 10
 ACTIONS TO HELP ENSURE YOUR BUSINESS SUCCEEDSBy Gül Heper & Alexander Niléhn
  • 2. The Corona virus has hit the heart of the economy, and it hits the economy at all sides. In these difficult times, it’s important to remember that you and your brand can make a difference. Find the bridge between your products and services and people’s new needs and mindsets. Sell to help, not to move product. If you can improve your customers’ lives, you’ll always stay relevant. Brands that impress come out stronger on the other side. Therefore, we share our advise on 10 actions that can improve the outlook for your business here and now. WHAT CAN BE DONE RIGHT NOW?
  • 3. STABILISE SUPPLY CHAINS AVOID PRICE GOUGING REASSESS YOUR PRODUCTS’ PRIMARY BENEFITS ENSURE COSTUMER STABILISATION EVALUATE DIGITAL COMMERCE VS BRICK-&-MORTAR STRENGTHEN CREATIVE PARTNERSHIPS BECOME INSIGHT-DRIVEN DEMONSTRATE BRAND PURPOSE IMPROVE EMPLOYEE EXPERIENCE IDENTIFY POST CRISIS BEHAVIOUR 01 02 03 04 05 06 07 08 09 10
  • 4. 01STABILISE SUPPLY CHAINS In theory, organisations should know all parties in their supply chain network (within the broader business ecosystem) and trust them — but this is far from today’s reality. Could COVID-19 be the black swan event that finally forces many companies, and entire industries, to rethink and transform their global supply chain model? But here and now we recommend three actions to mitigate the immediate impact of the crisis on supply chains:      
  • 5. STABILISE SUPPLY CHAINS ENSURE YOUR INFORMATION SOURCE IS RELIABLE: REAL- TIME TRACKING Impact reports in times of crisis tend to be inaccurate, update your intelligence daily and rely on people in the field as a source of reliable information. PLAN FOR UNSEEN IMPACT Run outage scenarios and plan for unseen impact on the business in order to assist in adapting to the evolution in retail and the rise of omni-channel. BREAK DOWN FUNCTIONAL SILOS The traditional linear supply chain model is transforming into digital supply networks (DSNs), where functional silos are broken down and organisations become connected to their complete supply network.
  • 6. 02AVOID BRAND DEPRECIATION As demand on some items goes up and supply drops, we are seeing many third party sellers taking advantage of the crisis by gouging prices. Be sure to keep a very close eye on near-term pricing changes to avoid brand deprecation.
  • 7. When you need something to stay safe from a dangerous virus, it’s simply not right for companies to continue enabling people to prey on the emergency. Instead, win customers over by focusing on being truly customer-obsessed and fulfil your commitment to outstanding customer service. It takes a customer-centric approach to build brand loyalty. AVOID PRICE GOUGING
  • 9. 73%of customers find a positive customer experience with a brand to be more influential than great advertising. PWC (2019)
  • 10. 03REASSESS YOUR PRODUCTS’ PRIMARY BENEFITS Make it accessible to more people reflecting a new time and user behaviour.
  • 11. WHAT CAN YOUR PRODUCT(S) OR SERVICE(S) ACCOMPLISH? Product/Service benefits can either be actual or perceived. Perceived benefits include the products popularity, its image or its reputation. Actual benefits include the performance of the product, its design as well as its cost-effectiveness. Reassess your products’ and/or services' primary benefits and consider playing in new consumption occasions. Keep track of consumer search behaviour and social sentiment around your product or service and the category. Consider highlighting key benefits that help address a new consumer need, or play in a new usage occasion that drives your products’ consideration. Make the product or service accessible to more people reflecting a new time and user behaviour.

  • 12. 04ENSURE COSTUMER STABILISATION Invest in your core customer segments that demonstrate a long term growth potential and/or high customer lifetime value.
  • 13. RETAIN LOYAL CUSTOMERS BY PROVIDING VALUE Brands that are committed to customer-centricity analyse, plan and implement carefully formulated customer marketing strategies that focus on creating and keeping profitable and loyal customers. Invest in your core customer segments that demonstrate a long term growth potential and/or high customer lifetime value. Be sure to anticipate their evolved behaviour and need and address them using hyper-personalised and contextual messages - and provide exceptional customer experience at the point of sale and after the sale.
  • 14. ENSURE COSTUMER STABILISATION IMPROVE ONBOARDING Simplify the process and help your customers fulfil their goals. Consider personalising the onboarding sequence by tailoring it to the buyer persona. HIGH-END CUSTOMER SERVICE Better customer service equals a better customer experience. Look into which channels your clients use the most right now. COLLECT ACTIONABLE FEEDBACK Happy customers are loyal customers. Hear them out. Collect and store all the feedback you receive in one place. IDENTIFY PAINPOINTS Home life is going to be painful, boring, lonely, unproductive, no exercise, etc. How do your products or services help? Identify the most frequent recurring issues that are being reported. REVENUE BOOSTING PERSONALISATION Deliver your messages through the right channel at the right time. Experience personalisation is paramount nowadays [Learn more at the BBH blog].
  • 15. 05EVALUATE DIGITAL COMMERCE VS BRICK-&-MORTAR Examine digital commerce vs. national Brick-& -Mortar as part of your omni-channel strategy
  • 16. Examine digital commerce vs. national Brick-& - Mortar as part of your omni-channel strategy: People have dramatically shifted toward online shopping for all types of goods, including food and produce delivery. Ensure that the quality of goods sold online and your product description is accurate. Also consider your customers’ changing preferences may be unlikely to go back to pre- outbreak norms. PREFERENCES ARE CHANGING RAPIDLY
  • 17. 83%of consumers say an omnichannel experience, such as moving from web chat to a live conversation, is desirable. Genesys,, 2020
  • 18. 06STRENGTHEN CREATIVE PARTNERSHIPS Discover new ways to deliver your product or service with a creative partner.
  • 19. REMEMBER THAT YOU’RE NOT ALONE! Find new revenue streams together and discover new ways to deliver your product, service or experience. Continue working closely with your creative partners on current projects which have been disrupted, to find supportive solutions wherever possible. This could be the time to supercharge development for both short and long-term opportunities. Dare to rethink. The power of creativity and the primacy of an idea could change everything.
  • 20. THE POWER  OF AND THE PRIMACY  OF THE . CREATIVITY IDEA
  • 21. 07BECOME INSIGHT-DRIVEN Optimise your tech stack and secure data to give you insights on the best way forward
  • 22. FROM DATA-DRIVEN INSIGHTS TO INSIGHTS- DRIVEN ENTERPRISE Are you fully utilising your Martech stack to reach out to your customers in the best way? And based on data and insights - do you know what the customers need? Take this opportunity to activate what you’ve got and find new ways to generate business. The road from a pile of raw data to data-driven insights and from insights to action is paved with good intentions, but often learning things from data takes excessive time and energy. Getting from metrics to insights is the real challenge presented by overwhelming quantities of data. Devoting people resources, developing the right processes, and investing in the right technologies is key to overcoming current challenges. If you’re interested in transforming your data into concrete insights, you’ll need to equip yourself with the tools for success.
  • 23. 08DEMONSTRATE BRAND PURPOSE Knowing your brand purpose is one thing—but getting it out into the world is another. Strengthen the perception of your brand by supporting epidemic efforts. Brand purpose represents your reason for being and what you stand for beyond making money.
  • 24. YOUR NORTH STAR & NOBLE PURPOSE. Support epidemic efforts by demonstrating your brand's purpose: Businesses are only as strong as the communities of which they are a part. Your brand purpose can have a major impact on how your brand is viewed in the market—and, ultimately, can be the driving force behind your success. If you have products or services that can actually help people, then actually help people. We strongly advise against ‘cashing in’ on a crisis but instead wrap your services and products in ways that help. Or make time to figure out how to support response efforts—for example, by providing money, equipment, or expertise. Actions speak louder than words. Just ask LVMH, the French holding company of brands such as Louis Vuitton, that have repurposed all of their perfume factories into sanitiser production lines. This beats pure talk.

  • 25. LOOK AT WHAT MADE IT IN THE FIRST PLACE. GREAT If you want to make a brand great again
  • 26. IN THE PAST, WE'VE SEEN LOTS OF COMPANIES THAT HAVE HAD THE BEST, BRILLIANT INTENTIONS BUT THE INTENTIONS WERE POORLY EXECUTED. THIS IS NOT THE TIME TO BE BEATING YOUR OWN CHEST. THIS IS THE TIME TO BE A GOOD CORPORATE CITIZEN TO CONTRIBUTE TO THE PUBLIC GOOD, AND NOT TO BE 'SEEN' AS 'A SUPER GOOD COMPANY' Jay Milliken, Prophet senior partner and Asia regional lead
  • 27. 09IMPROVE EMPLOYEE EXPERIENCE Your employees are key to the best customer experience and secured revenue.
  • 28. DESIGN AN EMPLOYEE EXPERIENCE THAT IMPROVES BUSINESS PERFORMANCE The employee experience is the journey an employee takes with your organisation. It includes everything from major milestones and personal relationships to technology use and the physical work environment. It's the big picture that ties together all of your efforts to attract, engage and develop your employees. Strong customer experiences start with satisfied employees. Help your employees to help you by giving them the tools, purpose and a clear vision to deliver the best customer experience whilst staying safe. Because none of us are as good as all of us.

  • 29. BECAUSE NONE OF IS AS GOOD AS . ALL OF US US
  • 30. 10IDENTIFY POST CRISIS BEHAVIOUR Look forward and start planning for post crisis behaviours
  • 31. ANTICIPATE PREDICT, ADAPT. Look forward and start planning for post crisis behaviours. Of course, attention must turn to critical business operations; however, our role as brand experts is to remind marketing leaders of the lessons from history. Brands that keep going - and keep going in specific ways - emerge from economic shocks ahead of their competitors.
  • 32. Brands that reduce their spends during times of recession often come out the other end weaker. Every business will have its own unique features but history tells us on average marketing budgets should be protected, not raided for recovery. Strong brands recovered 9x faster than weaker brands following the financial crash of 2008. Don’t forget about your brand! Protect it. Fuel it. It’s going to help you come back. The dual impacts of short-termism in marketing and lower investment behind creativity have halved the success of creativity over a period of just four years. By reducing investment in the long-term now brands face the very real risk of reducing their commercial power down the line. Hold the line as much as is possible. Brands that focus on increasing relative share of voice, perceived share of voice and product quality perceptions are more successful. It happened in the 90s. In the 2000s. And 2008. It should happen again. In post COVID-19 world there will be lots of small moments that gain a new emotional resonance: the first pint back at the pub, the first cup of tea with your gran in two months, getting back to your yoga/ pottery class/5-aside league or Eastenders back to 4 nights a week. Brands can make them feel even more special and elevate these moments. PROTECT BUDGETS PROTECT BRAND GO LONG SPEND RIGHT CELEBRATE MILESTONES 01 02 03 04 05 HOW: Credit: Will Lion, Managing Partner at BBH
  • 33. Make sure you’re listening to your customers so you are prepared for the new normal. A re-evaluation of work/life priorities? A stronger commitment to family? Increased anxieties? Tightening budgets? Don’t presume that things will revert back to the status quo once this appears to be coming to a close. Prepare to check in with the market.   Is going to the store still the optimum for people? Will people go back to the purchase behaviours of pre-Covid or will it have massively accelerated the direct-to-consumer trend. As highstreet players may unfortunately fall as a result of this, strengthening your DTC proposition will help adapt to new behaviours and the new reality. Resist developing an exact plan. Give yourself and your team a chance to adapt as weeks go by. Section quarters up, map things out. Move to iterative delivery cycles. Be agile in your management.   What are the seeds that you can plant now and will have impact in the future? Think of it as a hibernation phase: now is the time to focus on the side of your business that helps people grow, learn, improve, without the pressure of reaching instant gratification. The next big thing could be conceived WFH. As we are seeing a massive expansion of the state and the role of large brands in delivering key services, big will be back and trusted more. Who will you want to bank with after this is all done? A startup or an established critical player? THE NEW NORMAL RETHINK DIRECT ALLOW CHANGE EMBRACE DEEP WORK BIG AND TRUSTED 06 07 08 09 10 HOW: Credit: Will Lion, Managing Partner at BBH