Huge podcast fan here! If you are too, this weekend I recommend the YouTube version of Scott Galloway and Rory Sutherland on the Uncensored CMO podcast. It’s an entertaining and thought-provoking discussion.ย Itโs also classic Scott, for those familiar with him. You can check it out here: https://lnkd.in/gvkBxFrj
My main focus is the middle 15 minutes (starting around 16:28) where they discuss brands. Scott argues the era of brands is over, primarily due to the decline of traditional advertising in the age of search and social media. While I agree the advertising model has shifted, I disagree that brands are dead.ย Far from it, in fact.
๐๐ฟ๐ฎ๐ป๐ฑ๐ ๐ฎ๐ฟ๐ฒ ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐ฎ๐๐ฎ๐ฟ๐ฒ๐ป๐ฒ๐๐; ๐๐ต๐ฒ๐’๐ฟ๐ฒ ๐ฎ ๐ฝ๐ฟ๐ผ๐บ๐ถ๐๐ฒ ๐๐ต๐ฎ๐ ๐ฏ๐๐ถ๐น๐ฑ๐ ๐น๐ผ๐๐ฎ๐น๐๐ ๐ฎ๐ป๐ฑ ๐ฎ๐ฑ๐๐ผ๐ฐ๐ฎ๐ฐ๐.ย The path to loyalty has changed, arguably for the better, allowing new businesses like Poppi and Siete (recently acquired by PepsiCo for over $3bn combined) to thrive and become valuable brands.
One key point I do agree with Scott on is that ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐ฒ๐๐ฒ๐ฟ, ๐๐ผ๐๐ฟ ๐ฏ๐ฟ๐ฎ๐ป๐ฑ ๐ถ๐ ๐ฎ ๐ณ๐๐ป๐ฐ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐ถ๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐ผ๐ป.
A great irony of this discussion is that Scott Galloway himself is a powerful brand, built without massive ad campaigns.
Let me know your thoughts on brands and branding, and if you enjoyed the podcast.