The 8 behaviours that Challenger Brands live and thrive by.
Taken from the book Eating the Big Fish - How Challenger Brands compete with the Market Leader by Adam Morgan.
Read more on The Challenger Project at www.eatbigfish.com
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The 8 Credos of Challenger Brands
1. Being a Challenger Brand is not about
a state of market; being number two
or three or four doesn’t in itself make
you a Challenger.
A Challenger is, above all, a state
of mind. It is a brand, and a group
of people behind that brand, whose
business ambitions exceed its
conventional marketing resources. As
a consequence the brand will need to
change the category decision making
criteria in its favour, to close the
implications of that gap.
If we want or need to think like a
Challenger then there are some core
principles for us to live and thrive
by; The Eight Credos of Successful
Challenger Behaviour.
2. The great wave makers in any category
are those who are new to it. This credo
reminds us that in order to see the real
opportunities for radical growth we must
see through the clutter of knowledge and
‘experience’ that makes up our existing
strategic thinking. Intelligent Naivety
those already deeply experienced in a
category to achieve this vital innocence.
3. Success as a Challenger Brand comes
through developing a very clear sense
of who you are and where you stand as
a brand/business, built on a product
or bra nd t r ut h t h at i s u n a r g u a ble.
And then projecting that identity
intensely, consistently, and saliently
in everything you do, to the point
where, like a lighthouse, consumers
notice you and can navigate by you,
even if they are not looking for you.
4. Marketers talk as if there is one leader in
every category. In fact, there are two: the
market leader– the brand with the biggest
share and the biggest distribution, and
the thought leader – the brand that,
while it may not be the largest, is the
one that everyone is talking about, that
has the highest “sensed momentum” in
the consumer's mind. Challenger Brands
strive to become the thought leader.
5. Successful Challengers are brands
in a hurry: they need to puncture
the consumer's autopilot and create
reappraisal of themselves and their
category swiftly and powerfully. To
do so, they create big, impactful acts
or marketing ideas that capture the
indifferent consumer's imagination
and bring about a reevaluation of both
their image in the consumer's mind,
and their role in the consumer's life.
6. Challengers have fewer resources in
almost every aspect of the business and
marketing mix than the market leader,
concentrate their focus, voice and actions
is actually one of the few advantages a
Challenger has. Success for a Challenger
comes not from prioritizing, but by
i n order to c om mu n ic at e t hei r ide nt it y.
7. Challenger Brand will have chosen
to drive success through one or two
key activities, and to achieve that
success the marketer must anticipate
resistance and inertia in implementation,
overcommitting to remove those
potential barriers. Challengers do not
succeed through commitment, they
succeed through overcommitment.
8. For Challengers who aspire to do
more with less clear communication
is not enough, capturing the target’s
imagination must be the advantage.
Communication ideas and the pursuit
of the right publicity and word of mouth
can in fact be the most powerful business
tool Challengers have at their disposal–
not just as part of the marketing
mix, but as a high leverage asset.
9. Success is a very dangerous thing
it causes brands and people to stop
behaving in the way that made them
initially successful. A Challenger
Brand maintains its momentum, both
real and perceived, by ensuring that
instead of being consumer dependent,
they are focused on the generation and
implementation of ideas – ideas that
constantly refresh and renew the way
the consumer experiences the brand.