It’s not what you think, but what ‘they’ think!

I recently stumbled across a great McKinsey report from 2013 that highlighted what top global B2B companies stated as impactful to their brand theme versus what their customer felt contributed to brand strength. Below is an extract of one of the tables in the report.

Brand strength

You’ll notice in the table that there’s an interesting trend in both graphs, namely on the left column (what B2B’s think was important) is almost completely opposite to that on the right (what customers found contributed to brand strength)!

I’m not sure I’m surprised by this, but it is a reminder that the sometimes corporate over-arching direction and/or messages – “…we’re he market leader”, “…we operate globally…” although may satiate the appetite of the CEO’s of the customers, do little to convince the purchasing power in the customers organisations the value of that vendor. However, engaging candidly and with transparency, delivering on time and having domain expertise does significantly contribute to brand engagement and probably (not stated) loyalty!

It’s a reminder that we all have opinions and views that play heavily on the definition and execution of our strategies, but the need to sense check what we think they want is actually what ‘they‘ want.

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