How Brands Grow - Byron Sharp, Ehrenberg-Bass Institute
Uncensored CMO3 Feb 2022

How Brands Grow - Byron Sharp, Ehrenberg-Bass Institute

Byron Sharp is a Professor of Marketing Science and Director of the Ehrenberg-Bass Institute – the world’s largest centre for research into marketing.

His first book How Brands Grow: what marketers don’t know has been called one of the most influential marketing books of the past decade (Warc, 2015) and was voted marketing book of the year by AdAge readers. In 2015 he published the follow-up How Brands Grow Part 2 with Professor Jenni Romaniuk. He has also written a textbook Marketing: Theory, Evidence, Practice which reflects modern knowledge about marketing and evidence-based thinking. The revised 2nd editionof the textbook was published in 2017.

Byron has co-hosted, with Professor Jerry Wind, two conferences at the Wharton Business School on the laws of advertising, and is on the editorial board of five journals.

What we covered in this episode:

  • Being turned down for a publishing deal for How Brands Grow
  • Why experts are terrible at predicting the future
  • Marketers getting distracted by Purpose with little empirical support for it
  • The ethical reason we should be focussed on the best return on marketing
  • Byron responds to Peter Field’s Purpose research
  • The top marketing myths exposed by How Brands Grow
  • The No.1 surprise in How Brands Grow
  • Why your customers are mostly the same as your competitors
  • The law of Double Jeopardy and why we are over exposed to our own brands heavy buyers
  • The paradox of very small brands having a larger customer base than expected
  • Physical and Mental availability overlap
  • How similar the top brands look vs ten years ago
  • Lucozade sugar tax backlash and how that proved the laws of marketing
  • The surprising importance of light and very light buyers
  • Why a lot of your sales come from people who haven’t bought you for at least a year
  • The importance of not changing your design
  • Whether the laws vary depending on category
  • Why market research is designed to highlight difference rather than similarity
  • The importance of distinctiveness and being remembered
  • What Levitt, Kotler and Akker got wrong about differentiation
  • Why even bankers can’t tell their banks apart
  • The power of pink concrete mixers
  • Asking an 8 year old to tell you what’s different about your brand
  • The real role of advertising for your brand
  • How search works just like point of sale to catch people as they fall
  • How the laws remain the same in B2B
  • Why Apple isn’t your typical brand when it comes to selling product differentiation
  • Why Ehrenberg Bass has just own distinctive asset
  • Why fruit doesn’t need packaging
  • The biggest unanswered question in marketing
  • Plans for Ehrenberg Bass to make training available to marketers
  • What Byron missed out in How Brands Grow
  • The importance of marketing the research and highlighting the implications
  • Describing Mark Ritson as the best business journalist in the world
  • What Byron thinks about the environment and the role of marketing in it

Episoder(218)

Why we buy what we buy - Richard Shotton

Why we buy what we buy - Richard Shotton

Richard is author of the No.1 Marketing Book The Choice Factory which was the winner of BBH’s World Cup of Advertising books in 2018 beating some industry heavy-weights. Richard has 20 years of experience in Advertising planning, market research and behavioural science and last year made the big leap to set up a consultancy following the success of his book.In this episodeHow he ended up writing the best-selling marketing book of 2019Why behavioural science should matter to every marketerWhy rhyming phrases are not just more memorably but also more believable tooHow the decline in CMO & agency tenure is impacting on long term effectivenessHow our own experience impacts on our perceptions (the false consensus effect)The impact of social proof on sales and how to use itWhy you’ll spend less on a night out when paying cashHow making something easy is a huge competitive advantageWhy branded glasses make beer taste better and worth moreWhy a 4.5* review beats a 5* review (the pratfall effect)How many of the best ideas happened by accident but were Follow me:Twitter | @uncensoredCMOLinkedInGet in touch:Website | www.uncensoredcmo.comEmail | jon@uncensoredcmo.comFollow Richard:Twitter | @rshottonThe Choice Factory

16 Des 201950min

Uncensored CMO launches on 16th December

Uncensored CMO launches on 16th December

When I say CMO what do you think of? I know, for me, I think boardroom politics. I think carefully managed messages. I think slick presentations. But what I don't get is, I don't get an honest answer. I don't get to know what they really think. I don't get to know how have they got where they are today, and what has shaped and influenced their career. And that got me thinking, wouldn't it be great if we had a podcast that asked some of the tough questions that get to the heart of what's going on. One that takes you behind the scenes to see how it really works. That's where the idea of Uncensored CMO came from.I want to connect you to the best marketers on the planet. The people that have founded and run ad agencies, the people that do the most amazing research and the people that influence people through PR. I want to get to those people and find out how it actually works. Tell me the things that have gone well. Tell me the things that have failed. Let me give you a little flavour to season one. I'm gonna be meeting people like Adam Morgan who founded the whole idea of challenger brands. I asked him, "How do you make a great challenger brand?"The whole world of influencers, to me, was quite mysterious, but I went and met Arron Shepherd, he co-founded The Goat Agency, and I asked him about what a successful influencer campaign looks like.Or, someone like Ian Millner, global CEO and founder of Iris. What's it like running a big ad agency? How do you get great work and how do you measure great advertising? What does a modern brand today have to do to stand out and be successful?These are just some of the conversations I've been having, and there are loads more to come.So I really hope you'll listen and subscribe to The Uncensored CMO. I'm gonna be launching this podcast on 16th December so set a notification, remind yourself to subscribe.You can also follow me on Twitter, @UncensoredCMO. I look forward to having a great conversation with you.

5 Nov 20192min

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