framework has 11 tenets and 3 foundations that help businesses achieve wealth and value creation. I personally like RDS because it’s proven effective and helpful in achieving our individual and organizational goals at MBO Partners. This framework also helps align our teams in doing various activities that fulfill our target market’s needs. Are you interested to know more about how RDS positively contributes to a brand’s success and effectiveness in standing out from the competition and thriving in a particular industry? Read this company’s case study below to find out.
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Think DIFFERENT: What makes customers willingly pay for this brand's offerings despite a relatively high price? “Think different.” Many people, especially tech-savvy consumers, are familiar with this slogan. Created in 1997 by Craig Tanimoto, a former TBWA Art Director, this tagline reflects the core principles of this leading tech giant: APPLE . According to Tanimoto, “Think different” is the company’s response to IBM ’s “Think” slogan. Additionally, he says it’s cool and interesting to use Apple’s tagline to recognize some of the world’s “most different-thinking people.” Apple Has Always Been Different Throughout its existence, Apple’s products have always been renowned for being DIFFERENT. With a mission statement to “bring the best user experience to customers through innovative hardware, software, and services,” the company continues to create innovations that revolutionize the tech industry. How has Apple shown ways of being different throughout the years? Thanks to these kinds of ads and the use of various marketing platforms, Apple expanded its reach and got the attention of numerous consumers around the globe.
According to Professor Joel Litman and Dr. Mark L. Frigo in the book, “Driven,” part of Return Driven Strategy’s Tenet Two (Fulfill Otherwise Unmet Customer Needs) is being different —a natural state of successful, high-performing companies. However, being different should NEVER be a company’s goal in and of itself. As Professor Litman and Dr. Frigo wrote in their book, it is better for a company to focus on customer needs and fulfill those needs in unique ways than be entirely different and be bankrupt. Take a look at how Apple demonstrates this tenet in its products and services… By building an image of a premium brand that never compromises on quality and technology, the company retains its existing customers despite keeping a relatively higher price than other brands. This characteristic enables Apple to have high earning power levels and gain a competitive—and different—edge over its competitors. We hope you enjoyed reading today’s topic! Remember: Being different also occurs spontaneously. It is a by-product of having done everything else right in your business and marketing strategies. With a correct approach to fulfilling otherwise unmet customer needs, you’ll compel customers to pay based on the value of your offering. This means regardless of how cheap or expensive your product or service is, they willingly pay for it because it makes their lives better. … and the result? Your brand will not only gain a competitive advantage over other businesses but also attract more loyal customers that will help expand your firm’s reach. It’s time to start thinking differently about your business’ strategies and offerings! Hope you found this week’s insights interesting and helpful. Follow us on LinkedIn. Stay tuned for next Tuesday’s Return Driven Strategy! Jay Abraham is one of the US’ top-paid marketing consultants. Aside from being the Founder and CEO of The Abraham Group, Inc. , he is a sought-after conference speaker and author of some of the best-selling books on copywriting and marketing. Learn more about this important copywriting tip in next week’s article! |
CEO of MBO Partners and former Global Advisory and Consulting CEO at PwC, Everson has worked with many of the world's largest and most prominent organizations, specializing in executive management. He helps companies balance growth, reduce risk, maximize return, and excel in strategic business priorities.
He is a sought-after public speaker and contributor and has been a case study for success from Harvard Business School.
Everson is a Certified Public Accountant, a member of the American Institute of Certified Public Accountants and Minnesota Society of Certified Public Accountants. He graduated from St. Cloud State University with a B.S. in Accounting.