Brand /business-school/ en 51勛圖厙 Business School: The journey to arrive at the new brand identity /business-school/news/imperial-business-school-the-journey-arrive-the-new-brand-identity/ <h1 class="field title-huge field--name-title field--type-string field--label-hidden"> 51勛圖厙 Business School: The journey to arrive at the new brand identity </h1> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.webp?h=27acd325&itok=1JBb0NeD 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" 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height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=1JBb0NeD 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=HkyeoRMR 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=bx5apbzq 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=FGsA97-v 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg?h=27acd325&itok=1JBb0NeD" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Shamita Harsh</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2025-05-27T12:45:14+00:00" title="Tuesday, May 27, 2025 - 12:45" class="datetime">Tue, 27/05/2025 - 12:45</time></span> <div class="field 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class="field field--name-content-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <section class="paragraph paragraph--bnk-footer-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="blogs-listing"><div class="blogs-listing__items"> <div class="views-element-container"><div class="view view-flexible-news-listings view-id-flexible_news_listings view-display-id-listing_1 js-view-dom-id-c88b99c18d88cd71ae3934ae72a25db9af25375c7721a5232aefd441796d70b9"> <div class="view-content"> <div class="listing-blocks listing-blocks--grid"> <div class="listing-blocks__animation" data-aos="fade-up" data-aos-delay="300"> <article class="node node--type-flexible-news node--view-mode-listing blog-listing-item"><div class="blog-listing-item__media"> <picture><source media="all and (min-width: 840px)" type="image/webp" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-06/51勛圖厙%20LTW%20stand_0.webp?h=06ac0d8c&itok=n0dBHD68 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-06/51勛圖厙%20LTW%20stand_0.webp?h=06ac0d8c&itok=LCxoG9IG 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-06/51勛圖厙%20LTW%20stand_0.jpg?h=06ac0d8c&itok=n0dBHD68 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-06/51勛圖厙%20LTW%20stand_0.jpg?h=06ac0d8c&itok=LCxoG9IG 1x"></source><img loading="eager" width="560" height="448" alt="51勛圖厙's London Tech Week stand at Olympia London" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-06/51勛圖厙%20LTW%20stand_0.jpg?h=06ac0d8c&itok=n0dBHD68" /></picture><div class="blog-listing-item__details blog-listing-item__details--full"> <time datetime="2026-06-18T12:00:00Z" class="datetime">18 June 2026</time> News</div> </div> <div class="blog-listing-item__content"> <h3 id="blog-title-7495" class="blog-listing-item__title">51勛圖厙 Business School students pitch to investors at London Tech Week</h3> <div class="blog-listing-item__summary"></div> <a aria-label="Read more about 51勛圖厙 Business School students pitch to investors at London Tech Week" class="blog-listing-item__link link--arrow" href="/business-school/news/imperial-business-school-students-pitch-investors-london-tech-week/" rel="bookmark">Read more</a> </div> </article></div> <div class="listing-blocks__animation" data-aos="fade-up" data-aos-delay="600"> <article class="node node--type-news node--view-mode-listing blog-listing-item"><div class="blog-listing-item__media"> <picture><source media="all and (min-width: 840px)" type="image/webp" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-06/IdeastoImpact2026-2.webp?h=199d8c1f&itok=iZxyZw3N 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-06/IdeastoImpact2026-2.webp?h=199d8c1f&itok=fkJ0C-TU 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-06/IdeastoImpact2026-2.jpg?h=199d8c1f&itok=iZxyZw3N 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-06/IdeastoImpact2026-2.jpg?h=199d8c1f&itok=fkJ0C-TU 1x"></source><img loading="eager" width="560" height="448" alt="Social Impact Day 2026" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-06/IdeastoImpact2026-2.jpg?h=199d8c1f&itok=iZxyZw3N" /></picture><div class="blog-listing-item__details blog-listing-item__details--full"> <time datetime="2026-06-04T12:00:00Z" class="datetime">4 June 2026</time> News</div> </div> <div class="blog-listing-item__content"> <h3 id="blog-title-7489" class="blog-listing-item__title">Social Impact Day 2026</h3> <div class="blog-listing-item__summary"></div> <a aria-label="Read more about Social Impact Day 2026" class="blog-listing-item__link link--arrow" href="/business-school/news/social-impact-day-2026/" rel="bookmark">Read more</a> </div> </article></div> <div class="listing-blocks__animation" data-aos="fade-up" data-aos-delay="900"> <article class="node node--type-flexible-news node--view-mode-listing blog-listing-item"><div class="blog-listing-item__media"> <picture><source media="all and (min-width: 840px)" type="image/webp" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-06/Centre%20for%20Financial%20Technology%20annual%20conference%20Naveed%20Sultan%20news%20story.webp?h=06ac0d8c&itok=1OPgni4t 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-06/Centre%20for%20Financial%20Technology%20annual%20conference%20Naveed%20Sultan%20news%20story.webp?h=06ac0d8c&itok=tuH61Nae 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-06/Centre%20for%20Financial%20Technology%20annual%20conference%20Naveed%20Sultan%20news%20story.jpg?h=06ac0d8c&itok=1OPgni4t 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-06/Centre%20for%20Financial%20Technology%20annual%20conference%20Naveed%20Sultan%20news%20story.jpg?h=06ac0d8c&itok=tuH61Nae 1x"></source><img loading="eager" width="560" height="448" alt="Professor of Practice Naveed Sultan at the Centre for Financial Technology's 2026 annual conference" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-06/Centre%20for%20Financial%20Technology%20annual%20conference%20Naveed%20Sultan%20news%20story.jpg?h=06ac0d8c&itok=1OPgni4t" /></picture><div class="blog-listing-item__details blog-listing-item__details--full"> <time datetime="2026-06-02T12:00:00Z" class="datetime">2 June 2026</time> News</div> </div> <div class="blog-listing-item__content"> <h3 id="blog-title-7490" class="blog-listing-item__title">Good governance and the non-executive director: The Centre for Financial Technology's 2026 conference</h3> <div class="blog-listing-item__summary"></div> <a aria-label="Read more about Good governance and the non-executive director: The Centre for Financial Technology&#039;s 2026 conference" class="blog-listing-item__link link--arrow" href="/business-school/news/good-governance-and-the-non-executive-director-the-centre-financial-technologys-2026/" rel="bookmark">Read more</a> </div> </article></div> </div> </div> </div> </div> </div> </article></div> </div> </section></div> </div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2025-05-28T12:00:00Z" class="datetime">28 May 2025</time></div> <section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>In April 2025, 51勛圖厙 Business School introduced a new brand identity that reflects both its unique position within 51勛圖厙 London and its growing impact across disciplines, industries, and society.</p> <p>51勛圖厙s journey in business education began nearly 70 years ago with the launch of its first postgraduate programme an <a href="https://imperialcollegelondon.app.box.com/s/e9bi6keyj230451r81k1obc0vkbev2z3" target="_blank">MSc in Production Engineering & Management</a>. Since then, a series of milestones have laid the foundation of what is now 51勛圖厙 Business School. These include the establishment of the Management School, the conferral of faculty status (becoming the Business School), the launch of the Global Online MBA, and most recently, the introduction of the School's first full undergraduate programme.</p> <p>At the heart of the rebrand is a powerful new strapline <em>where science means business</em> signalling a renewed commitment to bridging the gap between cutting-edge scientific discovery and real-world commercial and societal solutions. As our community continues to grow and evolve within this new framework, we offer a closer look at the creative strategy behind the rebrand and its long-term significance for 51勛圖厙 Business School. </p> <h3>Aligning with 51勛圖厙s vision</h3> <p>The rebrand reflects our key role in 51勛圖厙s Science for Humanity strategy, ensuring business thinking is embedded in the translation of science into practical impact. We act as a two-way bridge for transdisciplinary research and partnerships across the university, echoing the same mission 51勛圖厙 has had since its founding: <em>"To be useful."</em></p> </div> </div> </div> </div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-05/Rebrand%20news%20story%20-%20Peter%20Todd%20-%20Business%20School%20-%20Cover%20image%20-%20blog%20-%201550%20x%20930.jpg.webp?itok=8uYYsYvx" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> Our new branding exemplifies our ever-closer ties with the wider university, which amplify our capacity to convert pioneering research into practical solutions that benefit society. This rebrand signifies a fresh chapter in our mission to champion innovation and leadership in addressing global challenges, bringing scientific advancements to humanity, and fulfilling the 51勛圖厙 charter's vision of being truly useful. </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Peter Todd</div> <div class="testimonial__position">Dean of 51勛圖厙 Business School</div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-06/Mirabelle%20Muuls%20-%2051勛圖厙%20Business%20School%20_%20rebrand.jpg.webp?itok=88hwHBQn" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> At 51勛圖厙 Business School, we drive real-world progress and address societys biggest challenges, such as climate change and sustainability. By collaborating and bringing together colleagues from across sciences, we are paving new pathways and innovating to deliver a greener and better future. </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Dr Mirabelle Mu羶ls</div> <div class="testimonial__position">Associate Professor in Economics at 51勛圖厙 Business School and a co-Director of the School of Convergence Science Sustainability</div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h3>A renewed visual experience</h3> <p>The rebrand is more than a logo refresh its a comprehensive new visual and verbal identity. Our new name, now simply 51勛圖厙 Business School, along with our logo is the culmination of our ethos as a modern, open, and forward-thinking institution. It serves as a symbol of our commitment to business and social transformation to positively impact society. The strapline for our brand -<em>where science means business</em>- highlights our interdisciplinary spirit. This visual language is being implemented across<a href="https://www.linkedin.com/school/imperial-business-school/posts/?feedView=all&viewAsMember=true" target="_blank">social media</a>, printed materials, signage and other communications, reinforcing the extension of our values.</p> <h3>The design partnership</h3> <p>We partnered with Pentagram one of the worlds leading design studios and the creative force behind<a href="/communications/about-us/projects/imperial-brand-project/" target="_blank">51勛圖厙s university-wide brand strategy</a>to develop a new identity that resonates with the distinct character and vision of 51勛圖厙 Business School. Through an extensive consultation process involving faculty, students, alumni and professional staff, Pentagram translated our bold academic vision that reflects our interdisciplinary strengths, entrepreneurial mindset and global ambition.</p> <p>Created in collaboration with the video production agency h10,<a href="https://www.youtube.com/watch?v=l5AxkwLfITc">our short brand film</a>shows how the new identity was brought to life. The video captures the visual transformation of the logo, depicting the journey from the brands inception in scientific intellect to its convergence with business acumen.</p> <h3>Pathway to collaboration</h3> <p>The rebrand is about more than appearance its grounded in how we collaborate across 51勛圖厙 and beyond. Deeply embedded in 51勛圖厙s research ecosystem we continue to be a hub for academics, policymakers and entrepreneurs. From the<a href="/deep-tech-entrepreneurship/" target="_blank">Institute for Deep Tech Entrepreneurship</a>to the<a href="/sectoral-economic-performance/" target="_blank">Centre for Sectoral Economic Performance</a>, the Business School strives to translate knowledge into innovation. The School continues to adapt to and solve complex real-world challenges in public health, emerging markets and climate change.</p> <h3>Whats next?</h3> <p>The new identity is already being rolled out across digital and physical platforms and will continue to be updated throughout the year. At 51勛圖厙 Business School, we continue to pride ourselves for not just being a part of a world-leading university, but a world-changing one. This rebrand provides a clearer, bolder expression of who we are and the impact we aim to have.</p> <p>We are bringing science to humanity, to deliver value from scientific innovation and to create prosperity and well-being. Because at 51勛圖厙 Business School, science means business and business drives the future.</p> </div> </div> </div> </div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-06/Antoinette%20Nothomb%20-%2051勛圖厙%20Business%20School%20-%20rebrand.jpg.webp?itok=OXsSougU" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> I chose 51勛圖厙 for my MSc so I could start a deep tech company and surround myself with the brightest minds in Europe. At the Business School, I joined entrepreneurial communities like the Grantham Institute and Enterprise Lab. Halfway through my programme, I met my co-founder and today, our startup is powered by 51勛圖厙 engineers. Now based in White City, we benefit from labs, funding, world-class mentors, and specialised PhDs joining our mission. </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Antoinette Nothomb</div> <div class="testimonial__position">MSc Innovation, Entrepreneurship and Management alumna and co-founder of Cyanoskin</div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-07/Tatiana%20Chang%20-%20Profile%20image%20-%20Business%20School.jpg.webp?itok=BuwjtEwf" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> At 51勛圖厙, the Climate Change, Management and Finance programme truly bridges climate science with business, finance, and real-world impact. Coming from a science background, Ive loved seeing how research from the Grantham Institute and across the university shapes everything we do from understanding climate risks and adaptation, to advancing climate finance, sustainable management, and corporate strategy. The programme doesnt just teach science it shows how scientific insight drives innovation, decision-making, and leadership. Science isnt just in the background its at the core of everything we do. </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Tatiana Chang</div> <div class="testimonial__position">MSc Climate Change, Management & Finance and DSAC Deputy President</div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-silver paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="paragraph paragraph--testimonial-quote testimonial--colour--blue-light testimonial--style--square-outline testimonial"><div class="testimonial__container" data-aos="fade-up" data-aos-duration="1200"> <figure class="testimonial__image"><img class="restricted-width-border" alt="" src="/business-school/sites/default/files/styles/testimonial_square_image/public/2025-06/Ramana%20Nanda%20-%2051勛圖厙%20Business%20School%20-%20rebrand.jpg.webp?itok=St4sYA3F" /></figure><div class="testimonial__quote"> <blockquote class="testimonial__quote__container"> 51勛圖厙 Business School plays a critical role in bridging science and business. Through the research and programming at the Institute for Deep Tech Entrepreneurship, we engage with venture capital investors, university inventors and policy makers to help transform high-potential science into impactful ventures, unlocking the potential of university-based deep tech innovation. </blockquote> </div> <div class="testimonial__description"> <div class="testimonial__description__container"> <div class="testimonial__description__container__inner"> <div class="testimonial__description__details"> <div class="testimonial__name">Ramana Nanda</div> <div class="testimonial__position">Professor of Entrepreneurial Finance and Academic Lead at the Institute for Deep Tech Entrepreneurship </div> </div> </div> </div> </div> </div> </article></div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-blue 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field--type-estimated-read-time field--label-hidden field__item">5 minute read </div> Tue, 27 May 2025 12:45:14 +0000 Shamita Harsh 7293 at /business-school Youve raised prices now what?: Raconteur speaks to Dr Xinrong Zhu about companies passing rising costs onto consumers /business-school/news/youve-raised-prices-now-what-raconteur-speaks-dr-xinrong-zhu-about-companies-passing-rising/ <span class="field field--name-title field--type-string field--label-hidden">Youve raised prices now what?: Raconteur speaks to Dr Xinrong Zhu about companies passing rising costs onto consumers</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Evie Burrows-Taylor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2025-02-03T10:02:14+00:00" title="Monday, February 3, 2025 - 10:02" class="datetime">Mon, 03/02/2025 - 10:02</time></span> <div class="media--image field field--name-media 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aria-label="Share on Email"> <img src="/business-school/modules/composer/social_media/icons/email.svg" alt="Email" /></a> </div> </div> Mon, 03 Feb 2025 10:02:14 +0000 Evie Burrows-Taylor 7026 at /business-school How resilient brands keep customers in volatile markets /business-school/ib-knowledge/marketing/how-resilient-brands-keep-customers-volatile-markets/ <h1 class="field title-huge field--name-title field--type-string field--label-hidden"> How resilient brands keep customers in volatile markets</h1> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Andreas Eisingerich</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2025-01-15T12:14:02+00:00" title="Wednesday, January 15, 2025 - 12:14" class="datetime">Wed, 15/01/2025 - 12:14</time></span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2026-05/Brand%20resilience%20IB%20Knowledge.webp?h=87b4785c&itok=kSZDBA84 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2026-05/Brand%20resilience%20IB%20Knowledge.webp?h=87b4785c&itok=TI0n63xC 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2026-05/Brand%20resilience%20IB%20Knowledge.webp?h=87b4785c&itok=8td4MMA2 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2026-05/Brand%20resilience%20IB%20Knowledge.webp?h=87b4785c&itok=QaH4WLNR 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2026-05/Brand%20resilience%20IB%20Knowledge.jpg?h=87b4785c&itok=kSZDBA84 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2026-05/Brand%20resilience%20IB%20Knowledge.jpg?h=87b4785c&itok=TI0n63xC 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2026-05/Brand%20resilience%20IB%20Knowledge.jpg?h=87b4785c&itok=8td4MMA2 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2026-05/Brand%20resilience%20IB%20Knowledge.jpg?h=87b4785c&itok=QaH4WLNR 1x"></source><img loading="eager" width="960" height="576" alt="Photo of central London with brand logos behind red bus" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2026-05/Brand%20resilience%20IB%20Knowledge.jpg?h=87b4785c&itok=kSZDBA84" /></picture></div> <div class="field field--name-content-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <section class="paragraph paragraph--bnk-footer-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article class="blogs-listing"><h2 class="blogs-listing__heading">More 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data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-02/IB%20Knowledge_Trump.webp?h=96dfc06c&itok=pEf5vqhI 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-02/IB%20Knowledge_Trump.jpg?h=96dfc06c&itok=enxadibz 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2023-02/IB%20Knowledge_Trump.jpg?h=96dfc06c&itok=pEf5vqhI 1x"></source><img loading="eager" width="560" height="448" alt="Trump Tower and the US flag" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2023-02/IB%20Knowledge_Trump.jpg?h=96dfc06c&itok=enxadibz" /></picture><div class="blog-listing-item__details blog-listing-item__details--full"> <time datetime="2026-06-09T12:00:00Z" class="datetime">9 June 2026</time> Knowledge</div> </div> <div class="blog-listing-item__content"> <h3 id="blog-title-7210" class="blog-listing-item__title">Left vs. Right: How polarised are our everyday lives?</h3> <div class="blog-listing-item__summary"></div> <a aria-label="Read more about Left vs. Right: How polarised are our everyday lives?" class="blog-listing-item__link link--arrow" href="/business-school/ib-knowledge/strategy-leadership/left-vs-right-how-polarised-are-our-everyday-lives/" rel="bookmark">Read more</a> </div> </article></div> <div class="listing-blocks__animation" data-aos="fade-up" data-aos-delay="600"> <article class="node node--type-flexible-knowledge node--view-mode-listing blog-listing-item"><div class="blog-listing-item__media"> <picture><source media="all and (min-width: 840px)" type="image/webp" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-05/Brand%20resilience%20IB%20Knowledge.webp?h=87b4785c&itok=z7gDEZlY 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-05/Brand%20resilience%20IB%20Knowledge.webp?h=87b4785c&itok=DV3iz-Fo 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-05/Brand%20resilience%20IB%20Knowledge.jpg?h=87b4785c&itok=z7gDEZlY 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-05/Brand%20resilience%20IB%20Knowledge.jpg?h=87b4785c&itok=DV3iz-Fo 1x"></source><img loading="eager" width="560" height="448" alt="Photo of central London with brand logos behind red bus" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-05/Brand%20resilience%20IB%20Knowledge.jpg?h=87b4785c&itok=z7gDEZlY" /></picture><div class="blog-listing-item__details blog-listing-item__details--full"> <time datetime="2026-05-26T12:00:00Z" class="datetime">26 May 2026</time> Knowledge</div> </div> <div class="blog-listing-item__content"> <h3 id="blog-title-7484" class="blog-listing-item__title">How resilient brands keep customers in volatile markets</h3> <div class="blog-listing-item__summary"></div> <a aria-label="Read more about How resilient brands keep customers in volatile markets" class="blog-listing-item__link link--arrow" href="/business-school/ib-knowledge/marketing/how-resilient-brands-keep-customers-volatile-markets/" rel="bookmark">Read more</a> </div> </article></div> <div class="listing-blocks__animation" data-aos="fade-up" data-aos-delay="900"> <article class="node node--type-flexible-knowledge node--view-mode-listing blog-listing-item"><div class="blog-listing-item__media"> <picture><source media="all and (min-width: 840px)" type="image/webp" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-05/Cover%20image%20-%20blog%20-%201550%20x%20930%20%285%29.webp?h=27acd325&itok=R0EB2wkV 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-05/Cover%20image%20-%20blog%20-%201550%20x%20930%20%285%29.webp?h=27acd325&itok=0domEOOh 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="560" height="448" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-05/Cover%20image%20-%20blog%20-%201550%20x%20930%20%285%29.jpg?h=27acd325&itok=R0EB2wkV 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="560" height="315" data-srcset="/business-school/sites/default/files/styles/focalpoint_16x9_560/public/2026-05/Cover%20image%20-%20blog%20-%201550%20x%20930%20%285%29.jpg?h=27acd325&itok=0domEOOh 1x"></source><img loading="eager" width="560" height="448" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x4_560/public/2026-05/Cover%20image%20-%20blog%20-%201550%20x%20930%20%285%29.jpg?h=27acd325&itok=R0EB2wkV" aria-hidden="true" /></picture><div class="blog-listing-item__details blog-listing-item__details--full"> <time datetime="2026-05-11T12:00:00Z" class="datetime">11 May 2026</time> Knowledge</div> </div> <div class="blog-listing-item__content"> <h3 id="blog-title-7482" class="blog-listing-item__title">"No jobs are safe from AI, but some are safer than others": Professor of Practice David Shrier on the future of work</h3> <div class="blog-listing-item__summary"></div> <a aria-label="Read more about &quot;No jobs are safe from AI, but some are safer than others&quot;: Professor of Practice David Shrier on the future of work" class="blog-listing-item__link link--arrow" href="/business-school/ib-knowledge/technology/no-jobs-are-safe-ai-some-are-safer-others-professor-practice-david-shrier/" rel="bookmark">Read more</a> </div> </article></div> </div> </div> </div> </div> </div> </article></div> </div> </section></div> </div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2026-05-26T12:00:00Z" class="datetime">26 May 2026</time></div> <section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-white paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h4><span><span><span>Article at a glance:</span></span></span></h4> <ul><li> <h4>Customer sentiment can shift overnight after negative news, amplified by social media</h4> </li> <li> <h4>Traditional metrics such as brand love do not reliably predict who will stand by you in a crisis</h4> </li> <li> <h4>The Integrated Brand Immunity Process outlines how to build brand immunity in four steps</h4> </li> </ul><p></p> <p>Brand managers across industries face growing volatility. Socio-political shocks and the speed at which negative information spreads online mean that small triggers can escalate into reputational crises almost overnight.</p> <p>In this environment, competitive advantage depends not only on generating customer affection, but on building relationships resilient enough to withstand sudden negative information.</p> <h4><strong>The shift: from loyalty to resilience</strong></h4> <p>Traditional metrics such as brand love capture how customers feel about brands, but not how they will react when things go wrong. Conversely, customers with the strongest brand connection often exhibit the most negative reactions.</p> <p>This is where brand immunity becomes critical, first <a href="/business-school/ib-knowledge/marketing/surviving-public-outcry-how-keep-your-customers-when-things-turn-ugly/">introduced by research at 51勛圖厙 Business School in 2023.</a></p> <p>Brand immunity refers to a customers resistance to changing their perception of a brand when confronted with negative information. Customers with high immunity process bad news more carefully, weighing it against prior experience. In doing so, brand immunity provides a more reliable indicator of how customers will behave under pressure.</p> <p>Focusing on customers with high brand immunity in crises helps stabilise sentiment and limit the spread of negative narratives.</p> </div> </div> </div> </div> <div class="field__item"> <div style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h4><strong>A four-step process to building brand immunity</strong></h4> <p>The <strong><span><span>Integrated Brand Immunity Process</span></span></strong> translates this insight into action in four steps:</p> <h4><strong><span><span><span>Step 1: Prioritising customers</span></span></span></strong></h4> <p><span><span><span>Resources are finite, and brands cannot immunise every customer. The <strong><span><span>Customer Immunity Management Matrix</span></span></strong> helps managers prioritise by mapping customers across:</span></span></span></p> <ul><li><span><span><span><strong><span><span>Value</span></span></strong><span> (the impact of losing them); and </span></span></span></span></li> <li><span><span><span><strong><span><span>Immunity</span></span></strong><span> (their resilience to negative information) </span></span></span></span></li> </ul><p><span><span><span>Immunity can be measured through simple survey questions. For example, by asking how customers would respond if they encountered negative information about the brand. </span></span></span></p> <p><span><span><span>Customer value depends on industry context. It allows managers to focus on protecting revenue, as well as the underlying sources of competitive advantage:</span></span></span></p> <ul><li><span><span><span><strong><span><span>Economic value</span></span></strong><span> (e.g. banking, telecommunications, reflecting stable revenue) </span></span></span></span></li> <li><span><span><span><strong><span><span>Psychological value</span></span></strong><span> (e.g. luxury, automotive, reflecting a strong brand attachment) </span></span></span></span></li> <li><span><span><span><strong><span><span>Social value</span></span></strong><span> (e.g. travel, entertainment, where customer advocacy drives growth) </span></span></span></span></li> <li><span><span><span><strong><span><span>Innovation value</span></span></strong><span> (e.g. technology, wellness, where customers co-create) </span></span></span></span></li> </ul><h4><strong>Step 2: Understanding the threat</strong></h4> <p>While the Customer Immunity Management Matrix provides a structure for building resilience, its effectiveness depends on understanding the threat. Not all crises are equal. The matrix identifies who to prioritise, but the nature of the threat determines how to respond.</p> <p>Managers must distinguish between:</p> <ul><li><span><span><span><strong><span><span>Performance-based threats</span></span></strong><span> (e.g. price increases, service disruptions). These require transparency and explanation.</span></span></span></span></li> <li><span><span><span><strong><span><span>Value-based threats</span></span></strong><span> (e.g. ethical breaches, discrimination). These require accountability, corrective action, and cultural change.</span></span></span></span></li> </ul><p>Brand immunity helps buffer moderate negativity, but it cannot replace meaningful action in serious value-based crises.</p> <h4><strong><span><span><span>Step 3: Act on four strategic priorities</span></span></span></strong></h4> <p><span><span><span>Once customers are mapped and the threat is determined, four strategies emerge which should be applied through the filter of the threat.</span></span></span></p> <ul><li><span><span><strong><span>Anchor: high value, high immunity customers</span></strong><br /><span>These are your most valuable and committed customers - high spenders and loyal advocates. They should be equipped to defend the brand. In performance-based crises, transparency and data are important. In value-based crises, brands should demonstrate shared values and accountability.</span></span></span></li> <li><span><span><strong><span>Fortify: high value, low immunity customers</span></strong><br /><span>This is the highest-risk group. These customers are strategically important but more vulnerable as they lack a strong brand-self connection. Brands should build emotional connection and communicate proactively. In performance-based situations, early warnings and clear explanations are key. In value-based crises, a sincere apology and visible corrective action are essential.</span></span></span></li> <li><span><span><strong><span>Leverage: low value, high immunity customers</span></strong><br /><span>These customers may not be high spenders, but they are supportive and stable, often active in reviews, communities, or social media. Brands should amplify their voices to stabilise sentiment and influence others. Their advocacy is particularly valuable when it reinforces credible information.</span></span></span></li> <li><span><span><strong><span>Minimise: low value, low immunity customers</span></strong><br /><span>These customers have limited strategic value and are more likely to react negatively or amplify criticism. The priority is to limit exposure and manage communication carefully to contain potential negative spillover.</span></span></span></li> </ul><h4><strong>Step 4: Continuously renew resilience</strong></h4> <p>Customer relationships are dynamic, and immunity can fade over time. Regular reassessment is essential to ensure that the customers who matter most remain resilient.</p> <p><span><span><span>Brands that succeed in volatile environments are not those that simply build loyalty, but those that prepare their customers before a crisis hits. By identifying and strengthening the customer relationships that matter most, brands can turn volatility into a source of resilience, and ultimately, competitive advantage.</span></span></span></p> </div> </div> </div> </div> </div> </section><section style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--bnk-page-builder paragraph--view-mode--default paragraph--section--colour--section-blue paragraph--full-width-section"><div class="field field--name-field-component field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <article style="margin-top: 0rem; margin-bottom: 0rem; padding-top: 1rem; padding-bottom: 1rem;" class="paragraph paragraph--flexible-page-call-to-action call-to-action" data-aos="fade-up" data-aos-delay="300" data-aos-duration="1200"><h2 class="call-to-action__heading"> Read insights from Dr Eisingerich's paper </h2> <ul class="call-to-action__links"><li class="call-to-action__link-item"> <a href="https://www.sciencedirect.com/science/article/pii/S0007681326000042" aria-label="" class="call-to-action__link call-to-action__link--solid--">Discover his latest findings</a> </li> </ul></article></div> </div> </section><div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/leadership" hreflang="en">Leadership</a></div> <div class="field__item"><a href="/business-school/category/key-topics/risk" hreflang="en">Risk</a></div> </div> <div class="field field--name-field-knowledge-categories field--type-entity-reference field--label-inline"> <div class="field__label">Knowledge Categories</div> <div class="field__items"> <div class="field__item"><a href="/business-school/category/knowledge-categories/marketing" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-academic-area-ref field--type-entity-reference field--label-above"> <div class="field__label">Academic area</div> <div class="field__items"> <div class="field__item"><a href="/business-school/faculty-research/academic-areas/analytics-operations/" hreflang="en">Analytics & Operations</a></div> </div> </div> <div class="c-social-share-widget "> <h3>Share</h3> <div class="c-social-share-widget__links"> <a href="http://www.facebook.com/share.php?u=/business-school/taxonomy/term/1366/feed&amp;title=" target="_blank" aria-label="Share on Facebook"> <img src="/business-school/modules/composer/social_media/icons/facebook_share.svg" alt="Facebook" /></a> <a href="https://www.linkedin.com/sharing/share-offsite?url=/business-school/taxonomy/term/1366/feed&amp;title=&amp;source=/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Linkedin"> <img src="/business-school/modules/composer/social_media/icons/linkedin.svg" alt="Linkedin" /></a> <a href="https://twitter.com/intent/tweet?url=/business-school/taxonomy/term/1366/feed&amp;status=+/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Twitter"> <img src="/business-school/themes/custom/icbs/images/twitter-black.svg" alt="Twitter" /></a> <a href="mailto:?subject=&amp;body=Check out this site /business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Email"> <img src="/business-school/modules/composer/social_media/icons/email.svg" alt="Email" /></a> </div> </div> <h2 class="field subtitle field--name-field-subtitle field--type-string field--label-hidden">A practical guide to building brand immunity across your customer base</h2> <div class="field field--name-field-media-caption field--type-string field--label-above"> <span class="blue-line"></span>Main image: Elena Zolotova / iStock via Getty Images</div> <div class="field field--name-field-read-time field--type-estimated-read-time field--label-hidden field__item">4 minute read </div> <div class="field field--name-field-show-different-image-on-th field--type-boolean field--label-hidden field__item">Off</div> Wed, 15 Jan 2025 12:14:02 +0000 Andreas Eisingerich 7484 at /business-school Professor Sankalp Chaturvedi speaks to The Times on Allan Leighton's return to Asda /business-school/news/professor-sankalp-chaturvedi-speaks-the-times-allan-leightons-return-asda/ <span class="field field--name-title field--type-string field--label-hidden">Professor Sankalp Chaturvedi speaks to The Times on Allan Leighton's return to Asda</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Evie Burrows-Taylor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-12-09T09:50:11+00:00" title="Monday, December 9, 2024 - 09:50" class="datetime">Mon, 09/12/2024 - 09:50</time></span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Sankalp%20Chaturvedi.webp?h=aa81dfca&itok=rSyuzqWo 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-06/Sankalp%20Chaturvedi.webp?h=aa81dfca&itok=4SvKCDhR 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-06/Sankalp%20Chaturvedi.webp?h=aa81dfca&itok=91U8UBkm 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-06/Sankalp%20Chaturvedi.webp?h=aa81dfca&itok=Do6krTE6 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=rSyuzqWo 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=4SvKCDhR 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=91U8UBkm 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=Do6krTE6 1x"></source><img loading="eager" width="960" height="576" alt="Sankalp Chaturvedi" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Sankalp%20Chaturvedi.jpg?h=aa81dfca&itok=rSyuzqWo" /></picture></div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2024-11-29T12:00:00Z" class="datetime">29 November 2024</time></div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/leadership" hreflang="en">Leadership</a></div> </div> <div class="c-social-share-widget "> <h3>Share</h3> <div class="c-social-share-widget__links"> <a href="http://www.facebook.com/share.php?u=/business-school/taxonomy/term/1366/feed&amp;title=" target="_blank" aria-label="Share on Facebook"> <img src="/business-school/modules/composer/social_media/icons/facebook_share.svg" alt="Facebook" /></a> <a href="https://www.linkedin.com/sharing/share-offsite?url=/business-school/taxonomy/term/1366/feed&amp;title=&amp;source=/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Linkedin"> <img src="/business-school/modules/composer/social_media/icons/linkedin.svg" alt="Linkedin" /></a> <a href="https://twitter.com/intent/tweet?url=/business-school/taxonomy/term/1366/feed&amp;status=+/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Twitter"> <img src="/business-school/themes/custom/icbs/images/twitter-black.svg" alt="Twitter" /></a> <a href="mailto:?subject=&amp;body=Check out this site /business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Email"> <img src="/business-school/modules/composer/social_media/icons/email.svg" alt="Email" /></a> </div> </div> Mon, 09 Dec 2024 09:50:11 +0000 Evie Burrows-Taylor 6966 at /business-school The hidden benefits of releasing your product later than your rivals /business-school/ib-knowledge/marketing/the-hidden-benefits-releasing-your-product-later-your-rivals/ <span class="field field--name-title field--type-string field--label-hidden">The hidden benefits of releasing your product later than your rivals </span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-11/Product%20release_IB%20Knowledge.webp?h=aa81dfca&itok=M22G7uJ0 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-11/Product%20release_IB%20Knowledge.webp?h=aa81dfca&itok=-QED-J6O 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-11/Product%20release_IB%20Knowledge.webp?h=aa81dfca&itok=pfCeu9JS 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-11/Product%20release_IB%20Knowledge.webp?h=aa81dfca&itok=TdCcJZ1c 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=M22G7uJ0 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=-QED-J6O 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=pfCeu9JS 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=TdCcJZ1c 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-11/Product%20release_IB%20Knowledge.jpg?h=aa81dfca&itok=M22G7uJ0" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Mushegh Harutyunyan</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-11-04T11:05:22+00:00" title="Monday, November 4, 2024 - 11:05" class="datetime">Mon, 04/11/2024 - 11:05</time></span> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2024-11-04T12:00:00Z" class="datetime">4 November 2024</time></div> <div class="field field--name-content-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h3>The benefits of being first to market are well known. But new research from 51勛圖厙 Business School shows that, in certain cases, biding your time could increase your profits.</h3> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Conventional wisdom <strong>warns against being late to market</strong>: aproduct that launches after its rivals risks losing potential customers and ceding market share to competitors.</p> <p>And yet, we see some brands arent keen to rush to market, despite leaked reports and industry rumours suggesting their products are ready to go. Apple for instance didnt release its smartwatch until 2015, later than predicted, and a year behind Samsungs smartwatch.</p> <p>These delays <strong>arent new</strong>. Back in the mid-1990s, Sony decided to wait four months to release its PlayStation in the US after Sega launched its Saturn gaming console although Sonys machine had already launched in some countries.</p> <p>So, why delay? In the past, researchers have suggested that companies are making <strong>last minute improvements</strong> to their product or <strong>assessing an uncertain market</strong> but consumer technology markets are fairly stable and enjoy healthy demand.</p> <h4>Staggered product release</h4> <p>Our work suggests that deliberate delays in launching can benefit both the early bird and the latecomer. Weve created a mathematical model to compare two notional firms with shelf-ready products competing in the same market and the results are surprising.</p> <p>When a product is launched, some consumers will buy it immediately, but others will wait, safe in the knowledge that their favourite brand will launch a similar model down the line. And if two rival products arent competing simultaneously for the same group of consumers, this means they <strong>dont need to compete on price so aggressively</strong>. Staggered product release dates mean both the early bird and latecomer can charge a premium for their products its a win-win scenario (although not for the consumer).</p> <blockquote> <p>Persuading consumers that this is a product worth waiting for is key</p> </blockquote> <p>Even though a company may be missing out on customers, the higher prices it will charge due to diminished competitive pressure can more than make up for the lower sales, our model shows. We wanted to know if this theory held water across brands with different profiles. Would high-quality brands still benefit from a later launch than their lesser-known or lower quality rivals?</p> <p>If the difference in quality and reputation between two companies is extreme, we found, both are better off releasing their products early. Delaying entry would <strong>significantly harm the low-quality brand</strong> because few consumers would be willing to wait. For the high-quality firm, given its huge advantage, the marginal benefit from delaying is again slim. </p> <p>But for brands with a less pronounced difference in quality, <strong>the higher quality brand may have more incentives to delay the product launch</strong>. This is because consumers are more likely to wait for a higher quality brand than a low-quality one. The high-quality brand doesnt lose too many customers by delaying, but gains substantially due to less intense price competition.</p> <h4>Know your market</h4> <p>To exploit these insights to their advantage, companies need to know their markets inside out particularly if they want to time and price their products for maximum profits. They <strong>need to know whether their consumers are loyal</strong>, and they need to understand where their brand sits beside rivals in terms of differentiation: late product release can be profitable only when there is enough differentiation to convince some consumers to wait for the product. And they must gauge the size of the market and keep on top of consumer numbers.</p> <p>Weve found that the latest time to enter a market with a similar product is <strong>before roughly a third of consumers intend to buy an item</strong> in the product category if they wait longer, businesses may lose out. There are tools and analyses available that can equip strategists to estimate the size of a market, and judge whether it will pay to delay the launch of a new product. </p> <h4>Communicate with your customers</h4> <p>And if a brand decides to delay the launch rather than rush to market, then it should <strong>make it a priority to communicate clearly to consumers</strong> that its own product is on its way, and what makes it superior.</p> <p>Persuading consumers that this is a product worth waiting for is key. Here, companies can use <strong>marketing tactics</strong> such as releasing early samples for influencers, holding special events, working with media to highlight features that make this product stand out and flagging the release date.</p> <blockquote> <p>Companies need to know their markets inside out particularly if they want to time and price their products for maximum profits</p> </blockquote> <p>While our findings highlight the strategic benefits of delaying product launches, several questions merit <strong>further investigation</strong>:</p> <ul><li>How do varying market conditions, such as rapid technological changes or evolving consumer preferences, affect the success of staggered releases?</li> <li>What role do marketing strategies play in maintaining consumer interest during these delays?</li> <li>How does the growing prevalence of second-hand markets influence the dynamics of new product launches and pricing strategies?</li> </ul><p>Understanding these complexities will help companies refine their strategies to remain competitive.</p> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><em>This article draws on findings from "<a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3552405">Dont Hurry, Be Happy! The Bright Side of Late Product Release</a>" by Mushegh Harutyunyan (51勛圖厙) and Chakravarthi Narasimhan (Washington University in St. Louis).</em></p> </div> </div> </div> </div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/competition" hreflang="en">Competition</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> </div> <div class="field field--name-sidebar-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><em>Main image: z_wei/iStock via Getty Images Plus</em></p> </div> </div> </div> </div> </div> <div class="field field--name-sidebar-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="c-paragraph-cta paragraph paragraph--cta paragraph--view-mode--default paragraph--margin"> <div class="c-paragraph-cta__inner"> <h2>Monthly newsletter</h2> <p>Receive the latest insights from 51勛圖厙 Business School</p> <div class="c-paragraph-cta__links"> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--featured-content paragraph--view-mode--default paragraph--margin"> <article class="c-featured-content"><h2> <a href="/business-school/ib-knowledge/marketing/do-consumers-really-care-about-sustainability/"> Do consumers really care about sustainability? </a> </h2> <a class="c-featured-content__media" href="/business-school/ib-knowledge/marketing/do-consumers-really-care-about-sustainability/" tabindex="-1" title="Thumbnail for Do consumers really care about sustainability?"> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.webp?h=27acd325&itok=baiPFNPZ 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.webp?h=27acd325&itok=fWvo8dn6 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.webp?h=27acd325&itok=fWvo8dn6 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.webp?h=27acd325&itok=WoIcei3a 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?h=27acd325&itok=baiPFNPZ 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?h=27acd325&itok=fWvo8dn6 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?h=27acd325&itok=fWvo8dn6 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?h=27acd325&itok=WoIcei3a 1x"></source><img loading="lazy" width="480" height="288" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/large/public/2026-03/Sustainable%20consumption%20-%20IBK%20Newsletter%20-%20January%202026%20-resize.jpg?itok=_kpo2UWs" aria-hidden="true" /></picture></div> </a> <div class="text-formatted "> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Consumers may care about sustainability in theory, but how much does it impact their spending habits? And what can policymakers do to encourage us all to make more eco-friendly choices?</p> </div> </div> </div> <a href="/business-school/ib-knowledge/marketing/do-consumers-really-care-about-sustainability/" rel="bookmark" aria-label="Read more about Do consumers really care about sustainability?" class="link "> Read more </a> </article></div> </div> </div> <div class="print__wrapper print__wrapper--pdf"><a href="/business-school/print/pdf/node/6909" class="print__link print__link--pdf">Download PDF</a></div> <div class="field field--name-field-academic-area-ref field--type-entity-reference field--label-above"> <div class="field__label">Academic area</div> <div class="field__items"> <div class="field__item"><a href="/business-school/faculty-research/academic-areas/marketing/" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-knowledge-categories field--type-entity-reference field--label-inline"> <div class="field__label">Knowledge Categories</div> <div class="field__items"> <div class="field__item"><a href="/business-school/category/knowledge-categories/marketing" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-show-different-image-on-th field--type-boolean field--label-hidden field__item">Off</div> Mon, 04 Nov 2024 11:05:22 +0000 Mushegh Harutyunyan 6909 at /business-school How to create more effective marketing strategies with data /business-school/ib-knowledge/marketing/how-create-more-effective-marketing-strategies-data/ <span class="field field--name-title field--type-string field--label-hidden">How to create more effective marketing strategies with data</span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Online%20shopping.webp?h=fb315f3e&itok=HMCaR83n 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-06/Online%20shopping.webp?h=fb315f3e&itok=9gdu8OrW 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-06/Online%20shopping.webp?h=fb315f3e&itok=awcRRhXA 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-06/Online%20shopping.webp?h=fb315f3e&itok=Gjo0YrT2 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=HMCaR83n 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=9gdu8OrW 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=awcRRhXA 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=Gjo0YrT2 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2024-06/Online%20shopping.jpg?h=fb315f3e&itok=HMCaR83n" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Stephan Seiler</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-06-13T11:05:22+00:00" title="Thursday, June 13, 2024 - 11:05" class="datetime">Thu, 13/06/2024 - 11:05</time></span> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2024-06-14T12:00:00Z" class="datetime">14 June 2024</time></div> <div class="field field--name-content-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h3>For a long time, academics and marketers have struggled to directly observe the consumer's "journey". But all that's changing, thanks to the availability of pre-purchase data.</h3> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Our understanding of pre-purchase behaviour changed almost overnight with the advent of the internet and the growth of online retailing. Since then, the search processes of consumers have become increasingly observable, from the virtual stores and review sites they visit to the products they browse, all in seconds from the comfort of their own homes.</p> <p>Search data can even drill down into the detail of the clicks they made and the length of time they spent in making their purchase decision. This has opened the door to a <strong>far better understanding of consumer behaviour</strong> and targeted marketing strategies based on this data.</p> <p>Our research takes stock of how pre-purchase data has been used by academics and marketers and highlights opportunities for its future use as the quality of data improves.</p> <h4>Why data matters</h4> <p>There are two important areas of marketing decision-making where search data is particularly useful. Firstly, it tells us a lot more about a consumers preferences than just observing the purchase. <strong>Most consumers compare at least a few products</strong> before making their decision and search data allows us to see specific pairings which are clearly viewed as similar products.</p> <p>It also allows us to see the key product features that assume the most importance in the purchase decision and other aspects of the process, for example the outlets customers considered and to what extent price or other factors played a part. Search engine data can even show us when consumers visited review sites to aid their decision-making. This is important information for recommendation systems or pricing decisions.</p> <blockquote> <p>We expect data quality in offline retail to increase soon, allowing managers and researchers to study offline pre-purchase behaviour</p> </blockquote> <p>Secondly, the new data on search behaviour confirms that <strong>consumers search very few products before making a purchase, typically only two or three</strong>. This not only allows firms to shape which products consumers discover through marketing activity such as product rankings online or preferential shelf placement in a physical store, but it makes this activity crucial in bringing relevant products to a consumer's attention.</p> <p>If consumers do less research before their purchase, product visibility assumes greater significance; if a firm's product isn't seen quickly, it may not be seen at all. This type of data allows marketers to put their products in front of those consumers most likely to buy them, and establishes how strongly individual marketing actions impact search behaviour, as well as purchases.</p> <p>More recently, <strong>regulators have also taken an interest in such data and analysis</strong> because they worry that retailers will display their own products more prominently on their webpage. Pre-purchase data, and information on how consumers react to changes in product rankings, can show us how detrimental this type of retailer behaviour is to consumers.</p> <h4>Tracking consumer behaviour in physical stores</h4> <p>Off-line retailing presents more of a problem as it's far more challenging to track a customer's search and purchase journey through what could be a number of physical stores, reviewing comparable products, then checking their requirements are met, before making a final purchase. <strong>In the future, stores might be able to track consumers using their cell phones</strong>, but this does not yet provide accurate enough location data to see the route customers took through a store, where they stopped to browse products or which products caught their attention.</p> <blockquote> <p>If consumers do less research before their purchase, product visibility assumes greater significance</p> </blockquote> <p>Eye-tracking technology (both on- and off-line) can also provide important data for marketers, but this can only be done in a research environment where the customer is fully aware that their behaviour is being analysed, which in turn can skew results. However, we expect data quality in offline retail to increase soon, allowing managers and researchers to <strong>study offline pre-purchase behaviour</strong> in an equally comprehensive way as is currently possible online.</p> <p>Pre-purchase behaviour has already become a <strong>key tool in the retailer's armoury</strong> and an important factor in building an effective marketing strategy. In the online world it's likely that this will become even more sophisticated as technology continues to evolve and the proportion of customers shopping online increases.</p> <p>The same is true in the off-line world, as the tracking data on mobile phones improves although it will always lag behind. Perhaps those retailers supermarkets in particular that straddle both worlds will benefit the most.</p> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><em>This article draws on findings from "<a href="https://www.sciencedirect.com/science/article/pii/S0022435924000034?via%3Dihub">Consumer search: What can we learn from pre-purchase data?</a>", by Elisabeth Honka (UCLA),Stephan Seiler (51勛圖厙) and Raluca Ursu (NYU Stern).</em></p> </div> </div> </div> </div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/data" hreflang="en">Data</a></div> <div class="field__item"><a href="/business-school/category/key-topics/digital-transformation" hreflang="en">Digital Transformation</a></div> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> </div> <div class="field field--name-sidebar-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Main image: akindo/DigitalVision Vectors via Getty Images.</p> </div> </div> </div> </div> </div> <div class="field field--name-sidebar-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="c-paragraph-cta paragraph paragraph--cta paragraph--view-mode--default paragraph--margin"> <div class="c-paragraph-cta__inner"> <h2>Monthly newsletter</h2> <p>Receive the latest insights from 51勛圖厙 Business School</p> <div class="c-paragraph-cta__links"> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--featured-content paragraph--view-mode--default paragraph--margin"> <article class="c-featured-content"><h2> <a href="/business-school/ib-knowledge/marketing/toxic-customers-and-how-handle-them/"> Toxic customers and how to handle them </a> </h2> <a class="c-featured-content__media" href="/business-school/ib-knowledge/marketing/toxic-customers-and-how-handle-them/" tabindex="-1" title="Thumbnail for Toxic customers and how to handle them"> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=z37Vbn0_ 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=-MCVq7NV 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=-MCVq7NV 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=vnY4vy5q 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=z37Vbn0_ 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=-MCVq7NV 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=-MCVq7NV 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=vnY4vy5q 1x"></source><img loading="lazy" width="480" height="384" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/large/public/2023-10/GettyImages-1511712017-2.jpg?itok=O_BjDJnw" aria-hidden="true" /></picture></div> </a> <div class="text-formatted "> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Slighted customers can do a disproportionate amount of damage to a business particularly in the age of social media. So, what's the best way to respond to negative reviews?</p> </div> </div> </div> <a href="/business-school/ib-knowledge/marketing/toxic-customers-and-how-handle-them/" rel="bookmark" aria-label="Read more about Toxic customers and how to handle them" class="link "> Read more </a> </article></div> </div> </div> <div class="print__wrapper print__wrapper--pdf"><a href="/business-school/print/pdf/node/6762" class="print__link print__link--pdf">Download PDF</a></div> <div class="field field--name-field-academic-area-ref field--type-entity-reference field--label-above"> <div class="field__label">Academic area</div> <div class="field__items"> <div class="field__item"><a href="/business-school/faculty-research/academic-areas/marketing/" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-knowledge-categories field--type-entity-reference field--label-inline"> <div class="field__label">Knowledge Categories</div> <div class="field__items"> <div class="field__item"><a href="/business-school/category/knowledge-categories/marketing" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-show-different-image-on-th field--type-boolean field--label-hidden field__item">Off</div> Thu, 13 Jun 2024 11:05:22 +0000 Stephan Seiler 6762 at /business-school "Lessons from the Bud Light boycott": Harvard Business Review covers research by Dr Xinrong Zhu /business-school/news/lessons-the-bud-light-boycott-harvard-business-review-covers-research-dr-xinrong-zhu/ <span class="field field--name-title field--type-string field--label-hidden">"Lessons from the Bud Light boycott": Harvard Business Review covers research by Dr Xinrong Zhu</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Evie Burrows-Taylor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2024-03-26T14:53:42+00:00" title="Tuesday, March 26, 2024 - 14:53" class="datetime">Tue, 26/03/2024 - 14:53</time></span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=fpzWLX3H 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=MHiLX1QO 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=n_-E35yT 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2022-08/Xinrong%20Zhu.webp?h=266085d3&itok=V0OhKLa8 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=fpzWLX3H 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=MHiLX1QO 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=n_-E35yT 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=V0OhKLa8 1x"></source><img loading="eager" width="960" height="576" alt="Xinrong Zhu" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2022-08/Xinrong%20Zhu.jpg?h=266085d3&itok=fpzWLX3H" /></picture></div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2024-03-20T12:00:00Z" class="datetime">20 March 2024</time></div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> </div> <div class="c-social-share-widget "> <h3>Share</h3> <div class="c-social-share-widget__links"> <a href="http://www.facebook.com/share.php?u=/business-school/taxonomy/term/1366/feed&amp;title=" target="_blank" aria-label="Share on Facebook"> <img src="/business-school/modules/composer/social_media/icons/facebook_share.svg" alt="Facebook" /></a> <a href="https://www.linkedin.com/sharing/share-offsite?url=/business-school/taxonomy/term/1366/feed&amp;title=&amp;source=/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Linkedin"> <img src="/business-school/modules/composer/social_media/icons/linkedin.svg" alt="Linkedin" /></a> <a href="https://twitter.com/intent/tweet?url=/business-school/taxonomy/term/1366/feed&amp;status=+/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Twitter"> <img src="/business-school/themes/custom/icbs/images/twitter-black.svg" alt="Twitter" /></a> <a href="mailto:?subject=&amp;body=Check out this site /business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Email"> <img src="/business-school/modules/composer/social_media/icons/email.svg" alt="Email" /></a> </div> </div> Tue, 26 Mar 2024 14:53:42 +0000 Evie Burrows-Taylor 6686 at /business-school Toxic customers and how to handle them /business-school/ib-knowledge/marketing/toxic-customers-and-how-handle-them/ <span class="field field--name-title field--type-string field--label-hidden">Toxic customers and how to handle them</span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=04rMJ6PL 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=dFcXbbSP 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=S3ZmK6IZ 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2023-10/GettyImages-1511712017-2.webp?h=aa81dfca&itok=oKdkCjQx 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=04rMJ6PL 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=dFcXbbSP 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=S3ZmK6IZ 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=oKdkCjQx 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-10/GettyImages-1511712017-2.jpg?h=aa81dfca&itok=04rMJ6PL" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Barbara Duffek</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2023-10-09T08:26:43+00:00" title="Monday, October 9, 2023 - 08:26" class="datetime">Mon, 09/10/2023 - 08:26</time></span> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2023-10-09T12:00:00Z" class="datetime">9 October 2023</time></div> <div class="field field--name-content-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h2>Slighted customers can severely damage a business particularly in the age of social media. So, what's the best way to respond to negative reviews?</h2> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>When customers are driven to vent their fury, brands and businesses suffer. Five years ago, <a href="https://www.nytimes.com/2017/04/10/business/united-flight-passenger-dragged.html">United Airlines dragged a passenger from an overbooked flight</a> and the public outrage was so great the company had to pay dearly to repair its reputation.</p> <p>This situation turned toxic after extreme provocation, and its well known that disgruntled customers can cause damage when they direct their wrath at companies. In our research, we combine insights from <strong>marketing and psychology</strong> to determine why, and how, individuals are driven to wreak revenge and how companies can best soothe or distract clients and avert a public relations disaster.</p> <p>If businesses can recognise a clients mental state, and how far their frustration has developed, theyll understand more precisely how to address a problem. Better still, <strong>they could succeed in pre-empting vindictive responses</strong>.</p> <h2>The angry customer</h2> <p>When something goes wrong, customers respond in different ways, depending on how serious the slight, how deeply they feel it and how often theyve complained. Some just vote with their feet and their patronage may be lost forever, at a cost, since <strong>replacing lost customers can be more expensive than retaining them</strong>.</p> <p>Most customers who leave tend to do so without complaining directly to the firm, which may have no chance to rectify the problem, or even learn from it. These customers may also go on to cause a lot of damage through negative word of mouth. Thats why its important for companies to think proactively about how to deal with toxic customers.</p> <p>It's when customers go on to dwell on their bad experiences that real problems develop. Our research has analysed this process of rumination when customers repeatedly go over a bad experience in their minds and how it might translate into aggression. And <strong>this must be understood in todays age of social media</strong>.</p> <blockquote> <p>Its well known that disgruntled customers can cause damage when they direct their wrath at companies</p> </blockquote> <p>Customers now are spoilt for choice in where they can vent loudly and publicly from social networks to discussion boards <strong>bad press is amplified and travels far</strong>. Research shows that if a negative comment receives more than 6,600 likes on social media, the ensuing storm becomes impossible to contain. Companies that nip a complaint in the bud after just seven likes have a good chance of extinguishing the fire.</p> <p>A corporate failure of some sort a cancelled flight, a long wait in a restaurant, rude service, or perhaps an inadequate response to an initial complaint can prompt individuals to stew on the slight, either focusing on the incident itself or how it made them feel. And the more deeply they think about it, the more likely they are to respond with aggression and seek revenge.</p> <p>Incidentally, if they focus more on how they feel rather than what happened, then they are more likely to complain constructively, with a view for example to improving service or warning other customers. Although this reaction can be just as damaging to a company as fury because it can still lead to negative posts.</p> <h2>Responding to toxic complaints</h2> <p>With this in mind, what should firms do? First, they must be aware that customers can turn toxic if their initial complaint is ignored or they receive an automated response. <strong>Customers like to be heard</strong>. An acknowledgement of their pain, a personally-worded apology and a refund or compensation can help right wrongs and deflect anger.</p> <p>Technology and trained staff can help flag the early signs of dissatisfaction by monitoring tweets, bad reviews and individual comments. Understanding whether a customer is revving up for a constructive complaint, or whether they are stewing over the event itself can determine the urgency and type of response required. When a customer turns toxic dwelling intensely on whatever went wrong then a company must respond by focusing on the root cause of the problem.</p> <p>Dealing promptly and individually with complaints can mitigate customer frustration and defuse aggression towards a brand. <strong>Companies should give a timely explanation of what went wrong</strong>, although blaming an individual employee certainly doesnt work.</p> <h2>Pre-emptive action</h2> <p>But <strong>by the time a complaint goes public, the damage has more or less been done</strong>. Pre-emptive action can be more effective, and here, companies have a few tricks up their sleeve. For instance, companies can deploy the "blemishing effect", which involves sharing a small amount of negative information to boost positive perceptions of the product or brand. There's also "performance transparency", which involves sharing balanced and objective information to set expectations.</p> <p>Distraction can be a useful tool for example, platforms such as Booking.com ask customers to rate various aspects of their experience before leaving a written review, diluting customer rage against a particular fault. Restaurants can deflect poor service by giving waiting customers perks such as free drinks and snacks. Companies can manage expectations for example in the case of Ryanair, which doesnt pretend to be anything other than "no frills".</p> <blockquote> <p>Companies that nip a complaint in the bud after just seven likes have a good chance of extinguishing the fire</p> </blockquote> <p>These insights reveal how the mental state of customers can determine their anger, but we need a better understanding of triggers and escalation what circumstances and mental processes prompt frustrated customers to lash out.</p> <p>Despite the risks posed by toxic customers, <strong>company complaint procedures are often astonishingly inadequate</strong>. Culprits can make it difficult for customers to complain directly, and corporate responses are often too slow or automated. This may save time and money in the short term, but if frustration intensifies, it will cost businesses far more dearly in the longer term.</p> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><em>This article draws on research explored in "<a href="https://link.springer.com/article/10.1007/s13162-023-00257-3">Why so Toxic? A Framework for Exploring Customer Toxicity</a>" by 51勛圖厙's Barbara Duffek, Andreas B. Eisingerich and Omar Merlo</em><em>.</em></p> </div> </div> </div> </div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> </div> <div class="field field--name-sidebar-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><small>Main image:nadia_bormotova / iStock / Getty Images Plus via Getty Images.</small></p> </div> </div> </div> </div> </div> <div class="field field--name-sidebar-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="c-paragraph-cta paragraph paragraph--cta paragraph--view-mode--default paragraph--margin"> <div class="c-paragraph-cta__inner"> <h2>Monthly newsletter</h2> <p>Receive the latest insights from 51勛圖厙 Business School</p> <div class="c-paragraph-cta__links"> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> </div> </div> <div class="field__item"> </div> <div class="field__item"> <div class="paragraph paragraph--featured-content paragraph--view-mode--default paragraph--margin"> <article class="c-featured-content"><h2> <a href="/business-school/ib-knowledge/marketing/lessons-leaders-successful-brands-have-multiple-personalities/"> Lessons for leaders: successful brands have multiple personalities </a> </h2> <a class="c-featured-content__media" href="/business-school/ib-knowledge/marketing/lessons-leaders-successful-brands-have-multiple-personalities/" tabindex="-1" title="Thumbnail for Lessons for leaders: successful brands have multiple personalities"> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=tEbzje7s 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=INXQSvtL 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=INXQSvtL 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=p_bF4iMH 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="212" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_212_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=tEbzje7s 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=INXQSvtL 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="660" height="260" data-srcset="/business-school/sites/default/files/styles/focalpoint_660_x_260/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=INXQSvtL 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="380" height="150" data-srcset="/business-school/sites/default/files/styles/focalpoint_380_x_150/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=p_bF4iMH 1x"></source><img loading="lazy" width="480" height="384" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/large/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?itok=kHs1gtxd" aria-hidden="true" /></picture></div> </a> <div class="text-formatted "> <div class="field field--name-summary field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Brand archetypes have been used to help companies connect with consumers for 20 years and, when used correctly, they are still a vital tool for marketers.</p> </div> </div> </div> <a href="/business-school/ib-knowledge/marketing/lessons-leaders-successful-brands-have-multiple-personalities/" rel="bookmark" aria-label="Read more about Lessons for leaders: successful brands have multiple personalities" class="link "> Read more </a> </article></div> </div> </div> <div class="print__wrapper print__wrapper--pdf"><a href="/business-school/print/pdf/node/6483" class="print__link print__link--pdf">Download PDF</a></div> <div class="field field--name-field-academic-area-ref field--type-entity-reference field--label-above"> <div class="field__label">Academic area</div> <div class="field__items"> <div class="field__item"><a href="/business-school/faculty-research/academic-areas/marketing/" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-knowledge-categories field--type-entity-reference field--label-inline"> <div class="field__label">Knowledge Categories</div> <div class="field__items"> <div class="field__item"><a href="/business-school/category/knowledge-categories/marketing" hreflang="en">Marketing</a></div> </div> </div> Mon, 09 Oct 2023 08:26:43 +0000 Barbara Duffek 6483 at /business-school "Better than the real thing?": The European publishes article by Dr Jan-Michael Ross on imitation /business-school/news/better-the-real-thing-the-european-publishes-article-dr-jan-michael-ross-imitation/ <span class="field field--name-title field--type-string field--label-hidden">"Better than the real thing?": The European publishes article by Dr Jan-Michael Ross on imitation</span> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Evie Burrows-Taylor</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2023-09-18T15:16:22+00:00" title="Monday, September 18, 2023 - 15:16" class="datetime">Mon, 18/09/2023 - 15:16</time></span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.webp?h=b03f540d&itok=-TOKYu7F 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.webp?h=b03f540d&itok=pidi8ZBQ 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.webp?h=b03f540d&itok=jU7ZaDkn 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.webp?h=b03f540d&itok=kJVBmdi8 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.jpg?h=b03f540d&itok=-TOKYu7F 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.jpg?h=b03f540d&itok=pidi8ZBQ 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.jpg?h=b03f540d&itok=jU7ZaDkn 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.jpg?h=b03f540d&itok=kJVBmdi8 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-03/Imitation_Jan%20Ross_IB%20Knowledge%20.jpg?h=b03f540d&itok=-TOKYu7F" aria-hidden="true" /></picture></div> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2023-07-30T12:00:00Z" class="datetime">30 July 2023</time></div> <div class="field field--name-key-themes field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/key-themes/entrepreneurship/" hreflang="en">Entrepreneurship</a></div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div 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href="http://www.facebook.com/share.php?u=/business-school/taxonomy/term/1366/feed&amp;title=" target="_blank" aria-label="Share on Facebook"> <img src="/business-school/modules/composer/social_media/icons/facebook_share.svg" alt="Facebook" /></a> <a href="https://www.linkedin.com/sharing/share-offsite?url=/business-school/taxonomy/term/1366/feed&amp;title=&amp;source=/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Linkedin"> <img src="/business-school/modules/composer/social_media/icons/linkedin.svg" alt="Linkedin" /></a> <a href="https://twitter.com/intent/tweet?url=/business-school/taxonomy/term/1366/feed&amp;status=+/business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Twitter"> <img src="/business-school/themes/custom/icbs/images/twitter-black.svg" alt="Twitter" /></a> <a href="mailto:?subject=&amp;body=Check out this site /business-school/taxonomy/term/1366/feed" target="_blank" aria-label="Share on Email"> <img src="/business-school/modules/composer/social_media/icons/email.svg" alt="Email" /></a> </div> </div> Mon, 18 Sep 2023 15:16:22 +0000 Evie Burrows-Taylor 6463 at /business-school Lessons for leaders: successful brands have multiple personalities /business-school/ib-knowledge/marketing/lessons-leaders-successful-brands-have-multiple-personalities/ <span class="field field--name-title field--type-string field--label-hidden">Lessons for leaders: successful brands have multiple personalities</span> <div class="media--image field field--name-media field--type-entity-reference field--label-hidden field__item"> <picture><source media="all and (min-width: 1060px)" type="image/webp" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=TOt_02GP 1x"></source><source media="all and (min-width: 840px)" type="image/webp" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=5slg0Gh3 1x"></source><source media="all and (min-width: 576px)" type="image/webp" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=HiCdZ6Jq 1x"></source><source media="all and (min-width: 0)" type="image/webp" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2023-08/Brand%20personality_IB%20Knowledge.webp?h=aa81dfca&itok=oiU2-sE8 1x"></source><source media="all and (min-width: 1060px)" type="image/jpeg" width="960" height="576" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=TOt_02GP 1x"></source><source media="all and (min-width: 840px)" type="image/jpeg" width="740" height="445" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_720/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=5slg0Gh3 1x"></source><source media="all and (min-width: 576px)" type="image/jpeg" width="560" height="336" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_560/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=HiCdZ6Jq 1x"></source><source media="all and (min-width: 0)" type="image/jpeg" width="480" height="288" data-srcset="/business-school/sites/default/files/styles/focalpoint_5x3_480/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=oiU2-sE8 1x"></source><img loading="eager" width="960" height="576" alt="" class="lazyload" data-src="/business-school/sites/default/files/styles/focalpoint_5x3_960/public/2023-08/Brand%20personality_IB%20Knowledge.jpg?h=aa81dfca&itok=TOt_02GP" aria-hidden="true" /></picture></div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span>Omar Merlo</span></span> <span class="field field--name-created field--type-created field--label-hidden"><time datetime="2023-08-11T14:08:09+00:00" title="Friday, August 11, 2023 - 14:08" class="datetime">Fri, 11/08/2023 - 14:08</time></span> <div class="field field--name-field-date field--type-datetime field--label-hidden field__item"><time datetime="2023-08-14T12:00:00Z" class="datetime">14 August 2023</time></div> <div class="field field--name-content-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <h2>Brand archetypes have been used to help companies connect with consumers for 20 years and, when used correctly, they are still a vital tool for marketers</h2> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p>Building on Carl Jung's work on the characters that exist within the human mind, the 12 brand archetypes such as the Creator, the Magician and the Sage, are used to present brand values and messages in a recognisable and relatable way to target audiences.</p> <p>But the world in 2023 is very different to the one brand owners experienced in the Noughties when these<a href="https://www.thehartford.com/business-insurance/strategy/brand-archetypes/choosing-brand-archetype">brand archetypes</a> first emerged. When the trend kicked off, it was perhaps appropriate that brands focused almost obsessively on a single archetype, to avoid dilution or brand schizophrenia. But consumers and communication channels have changed beyond all recognition. <strong>The advent of social media and the internet has led to the democratisation of brands</strong>, with consumers helping to create their own brand narratives.</p> <h2>Layering brand archetypes</h2> <p>As a component of marketing strategy, brand archetypes can be controversial, and we accept they are no panacea for today's complex challenges, but brands are fundamentally intangible assets and archetypes remain a useful tool for marketers.</p> <p>While some consider brand archetypes to have had their day, the most successful and fastest-growing brands continue to leverage them, albeit in an increasingly sophisticated and colourful way.We now see brands layering multiple archetypes, revealing new aspects of their personality across the customer journey to respond to consumers' changing needs.</p> <p><strong>Multiple archetypes are used to drive brand stories</strong>, create tension, develop intrigue, and allow consumers to build their own unique and intimate relationship with the brand. They help brands behave more like people, developing a rich and varied conversation, which addresses the needs of a more diverse consumer population as they notice, engage with, and ultimately commit to, the brand. This creates a more enduring connection.</p> <blockquote> <p>The world of consumers, communication channels and context has now changed beyond all recognition</p> </blockquote> <p>Let's take Harley-Davidson and Barbour. Surely they can't have anything in common? American-owned Harley-Davidson is often believed to be heavily anchored solely on the Rebel archetype. Barbour feels quintessentially British, conjuring images of country estates and idyllic family scenes. Yet, our analysis reveals a Harley brand that is not monolithic, but instead crafts a complex and rather surprising story, weaving together several different and unexpected archetypes.</p> <p>Surprisingly, its storytelling is not too dissimilar from Barbours, whose recent video campaigns are dominated by the Rebel archetype. Not only does a comparison of Barbours recent video marketing initiatives with Harleys reveal similarities, but Harleys videos have an unexpected warmth. The Companion archetype, for example, is present in both brands.</p> <p><strong>What we see when we map Harley and Barbour side by side serves to break the common myths about each brand</strong>, especially the notion that Harley is primarily a Rebel brand. In fact, both brands have more of the Patriarch about them. Although one Patriarch may be on a bike and the other walking on their estate, the feeling is similar. Both brands tell a story of a person seeking a close connection, a position of status within their community, while also having a sense of independence and exploration.</p> <h2>Brand harmony vs. brand tension</h2> <p>Just as Harley-Davidson and Barbour share similar archetypal patterns, we found pairings that cropped up time and again across brands and sectors some that harmonised and others that created tension. Dove, for example, evokes various archetypes within one campaign to express different underlying tensions by leveraging two opposing sides of the archetypal map: the need for love and connection versus the need for significance. Women are shown both as strong individual leaders but also as powerful friends.</p> <p>In the automotive sector, the EngineerShaman and the EngineerVisionary are the two top archetypal combinations, with only a few brands breaking away from that: Land Rover with ExplorerSeeker, Jeep with ExplorerEntrepreneur, Jaguar with RulerAthlete and Alfa Romeo with AthleteLover.</p> <blockquote> <p>The most successful and fastest-growing brands continue to leverage brand archetypes</p> </blockquote> <p>Our findings suggest that <strong>marketers would benefit from assessing both their own brands and the competitive landscape in which they operate</strong>, using the tool at the centre of our research. Where there is overlap, this is likely to reflect sector needs.</p> <p>Exploring the relevance of different archetypes against known data about consumers and the customer journey will inevitably highlight archetypes and pairings that fit, and can be used to reinforce the brand-consumer relationship. Anything that makes brands more personable, relatable, and captivating has to be a good thing.</p> </div> </div> </div> </div> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><em>This article draws on findings from "<a href="https://www.sciencedirect.com/science/article/pii/S0007681322001355#!">Exploring the Changing Role of Brand Archetypes in Customer-Brand Relationships: Why Try to Be a Hero When Your Brand Can Be More?</a>" by Omar Merlo (51勛圖厙), Andreas Eisingerich (51勛圖厙), Richard Gillingwater (Founder of <a href="https://www.radnb.com/">RADNB</a>) andJia Jocelyn Cao (University of Georgia).</em></p> </div> </div> </div> </div> </div> <div class="field field--name-key-topics field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/business-school/category/key-topics/brand" hreflang="en">Brand</a></div> <div class="field__item"><a href="/business-school/category/key-topics/consumers" hreflang="en">Consumers</a></div> <div class="field__item"><a href="/business-school/category/key-topics/marketing" hreflang="en">Marketing</a></div> </div> <div class="field field--name-sidebar-top field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="paragraph paragraph--text paragraph--view-mode--default paragraph--margin"> <div class="field field--name-field-body field--type-text-long field--label-hidden field__items"> <div class="text-formatted "> <p><small>Main image:ffikretow / iStock / Getty Images Plus via Getty Images.</small></p> </div> </div> </div> </div> </div> <div class="field field--name-sidebar-bottom field--type-entity-reference-revisions field--label-hidden field__items"> <div class="field__item"> <div class="c-paragraph-cta paragraph paragraph--cta paragraph--view-mode--default paragraph--margin"> <div class="c-paragraph-cta__inner"> <h2>Monthly newsletter</h2> <p>Receive the latest insights from 51勛圖厙 Business School</p> <div class="c-paragraph-cta__links"> <a href="/business-school/sign-ib-knowledge/" class="button button--primary "> Sign up now </a> </div> </div> </div> </div> </div> <div class="print__wrapper print__wrapper--pdf"><a href="/business-school/print/pdf/node/6431" class="print__link print__link--pdf">Download PDF</a></div> <div class="field field--name-field-academic-area-ref field--type-entity-reference field--label-above"> <div class="field__label">Academic area</div> <div class="field__items"> <div class="field__item"><a href="/business-school/faculty-research/academic-areas/marketing/" hreflang="en">Marketing</a></div> </div> </div> <div class="field field--name-field-knowledge-categories field--type-entity-reference field--label-inline"> <div class="field__label">Knowledge Categories</div> <div class="field__items"> <div class="field__item"><a href="/business-school/category/knowledge-categories/marketing" hreflang="en">Marketing</a></div> </div> </div> Fri, 11 Aug 2023 14:08:09 +0000 Omar Merlo 6431 at /business-school