Innovation Strategy – Vivaldi https://vivaldigroup.com/en Writing the Next Chapter in Business and Brands Tue, 27 Jun 2023 22:00:39 +0000 en-US hourly 1 https://wordpress.org/?v=4.8.22 “The Interaction Field” Book Launch Week Recap https://vivaldigroup.com/en/blogs/the-interaction-field-book-launch-week-recap/ Wed, 23 Sep 2020 15:12:25 +0000 http://vivaldigroup.com/en/?post_type=blogs&p=5857 In the week Erich Joachimsthaler launched his new book ‘The Interaction Field,’ Vivaldi hosted four industry thought leaders to discuss a model for how companies can adapt and flourish in the current challenging business landscape. We have reached an inflection point right now, not least due to the pandemic, which has accelerated digitization and companies need to consider a different, […]

The post “The Interaction Field” Book Launch Week Recap appeared first on Vivaldi.

]]>
In the week Erich Joachimsthaler launched his new book ‘The Interaction Field,’ Vivaldi hosted four industry thought leaders to discuss a model for how companies can adapt and flourish in the current challenging business landscape.

We have reached an inflection point right now, not least due to the pandemic, which has accelerated digitization and companies need to consider a different, more agile strategic approach and different business models not only to survive but also to grow. Here are the four recommendations about innovation, transformation, value creation, and cultivation that our experts left us with:

INFLECTION POINTS – YOUR BUSINESS IS NOT DESTINED TO FAIL  

Innovative companies need to discover when and how to pivot their businesses, especially in the current social and economic climate. Building resilience for companies against the known and the unknown requires planning techniques and leadership recommendations. Rita McGrath gave us insights into avenues of innovation opportunity, the centricity of trust in value creation, and salvation from the discovery-driven approach.

 

THE INVERTED FIRM – PLATFORM IS THE NEW NORM 

As consumerism migrates online en masse as a result of the inflection point, businesses turn to digital transformation as an imminent need. The movement promotes the idea of the inverted firm and how Platform Strategies can allow swift responsiveness and adaptation. Geoff Parker gave us insights into looking at scaling your business with a different lens, how traditional metrics of evaluating business growth may not apply in the platform economy, and how businesses can learn to operate in this Post-COVID world.

 

BRINGING STRATEGY BACK TO LIFE  

Transforming to the digital platform through the inverted firm presents new obstacles that the old practice of Strategy does not address. Harvard Business School professor with research emphasis on corporate strategy, industry analysis, and global competition, David Collis invited us to think about the different value types and what strategy really is today. He shared insights into modernizing strategy, tackling digitalization problems, and how value should not just be about capture but also creation and realization to achieve business success.

 

IS YOUR BUSINESS SMART ENOUGH TO GROW? 

Growing your company while acclimating your business to the digital platform may seem impossible, but you may come out a champion if you know the paths to get there. The key element of what helps the best companies grow today is taking advantage of internal and external levers to position themselves for explosive growth. Tiffani Bova taught us the importance of focusing on getting the job done, fostering company culture, working with competitors, and the positive business outcomes of social responsibility.

 

CONCLUSION 

Adapting to the modernization and digitalization of businesses requires new approaches, leadership, and strategies— especially in the pandemic era. Identifying inflection points is critical for leadership to steer the ship towards innovation through phased trial and error. As businesses join the digital platform economy, shifting traditional to digital strategies provides new opportunities for production alterations, rapid reception, and customer reach. With a growing progressive audience, thinking in different value structuring types will allow businesses to become resilient as the landscape continually evolves. Growing during digital development may seem daunting, but by positioning your business in the ecosystem through co-opetition and customer co-creation, your business will successfully transform and dominate the field.

This was the recap of The Interaction Field Series of our LinkedIn Live Events. Please connect with us on our LinkedIn page to stay updated with our upcoming conversations.

 

The post “The Interaction Field” Book Launch Week Recap appeared first on Vivaldi.

]]>
Inflection Points with Rita McGrath: Your Business Is Not Destined to Fail https://vivaldigroup.com/en/blogs/inflection-points-rita-mcgrath-business-not-doomed-fail/ Mon, 14 Sep 2020 22:48:20 +0000 http://vivaldigroup.com/en/?post_type=blogs&p=5826 Innovative companies need to discover when and how to pivot their businesses— especially now with pressing urgency amidst the pandemic. Business strategy and innovation experts Rita McGrath and Erich Joachimsthaler joined us for a riveting discussion about building resilience for companies against the known and the unknown. Rita, a celebrated author of “Seeing Around Corners: […]

The post Inflection Points with Rita McGrath: Your Business Is Not Destined to Fail appeared first on Vivaldi.

]]>
Innovative companies need to discover when and how to pivot their businesses— especially now with pressing urgency amidst the pandemic. Business strategy and innovation experts Rita McGrath and Erich Joachimsthaler joined us for a riveting discussion about building resilience for companies against the known and the unknown. Rita, a celebrated author of “Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen” and Strategy professor at Columbia Business School, shared her planning techniques and leadership recommendations in the context of the pandemic. Rita gave us insights into avenues of innovation opportunity, the centricity of trust in value creation, and salvation from the discovery-driven approach.

 

Here are some of the key principles from Rita McGrath:

1. Directing your attention to the supply chain helps you pivot your business. Rita explains how crucial it is to understand the difference between the two supply chains that run parallel with each other within companies. It is not only the product that is produced that could host the area of innovation, but it can also stem from one of the multiple supply chains down their main product’s pipelines.

If a company labels itself as a “grocery business” or a “restaurant business,” it limits its room to innovate. Framing your business in the interaction field opens companies to many opportunities when it positions itself within the network of the ecosystem and not within the constraints of its specialized category.

“One of the most dysfunctional things the pandemic has revealed is how brittle and how non-resilient so many parts of our very financed and very efficiency-driven economy has become.” – Rita McGrath

2. Shared value creation is built on trust. Putting the customers in the center and building solutions around them promotes a synergic relationship. The brand’s reputation is measured by its ability to solve problems, facilitate engagement, create participation, and commitment in following through with actions.

The manifestation of trust becomes a source of competitive advantage. Listening and tuning into emotions of the communities built around the product becomes a treasure trove of demand signals for companies.

“If you think about platform businesses, so much of it has to do with trust. I have to trust that you’re not going to be trading in some way. I have to trust that you’re going to be an honest broker. A lot of it really is about human connection.” – Rita McGrath

3. The discovery-driven approach allows making early significant changes and avoiding blind big leaps towards innovation. It is a common assumption from spectators to expect innovation leaders to know what they are doing within their field, but in reality, there is no platform for predictable information to draw upon.

Instead of committing to the traditional process of laying out a grandiose plan, it is more efficacious to communicate an ambitious goal. Having multiple checkpoints allows leaders to see what works or doesn’t work, and eventually redirect and audit the process to reach the desired outcome.

“Most organizations with traditional processes encourage people to continue with anything that they started all the way through just naturally. It leads to a lot of confusion.” – Rita McGrath

Tipping points are innovation opportunities. Here are ways to approach them:

  • Solve for the bigger problem, not just the product line growth or bottom line: Taking the perspective of the “bigger problem” we are attempting to solve is critical for businesses today. Asking more introspective questions about your customer’s problems and solution allies opens the doors for innovation. Companies also need to understand and take control of their business assets and investment portfolios.
  • Don’t confuse confidence with competence: Humility in uncertainty goes a long way. The answers to the company’s most pressing problems reside in the organization’s edges and not at the top of the hierarchy. Leadership should see beyond themselves and respond more to the collective through empathy. Leadership will be able to mitigate biases by not allowing personal reactions to dictate the most optimal outcome.
  • The right time to act upon inflection points: Inflection points happen when companies see the problems or signals bubbling up and simmering before it boils over. These events are irreversible and if not acted upon, it gives other companies an open invitation for dominance. Businesses must have a pulse on their current portfolio of projects and strategies before encountering the inevitable pivot points.

 

Conclusion

Even though events such as the pandemic cannot be predicted, leadership should allow themselves to take improbable scenarios into account. Determining inflection points helps companies call for innovation and build strategies for pivot and action points. The challenges may be daunting for leadership, but harnessing empathy towards both the customers and the employees will clear the path towards solutions.

Watch the full event here:

  • 6:26 – The right time to think about Strategy, emphasis on storytelling, qualitative metrics vs. traditional methods 
  • 8:36 – Platform businesses have a lot to do with trust and human connection 
  • 10:24 – Explaining Inflection Points in the context of the pandemic 
  • 14:21 – Knowing where to begin with inflection points and the steps to take and learning from innovation flops 
  • 15:29 – Addressing inflection points: Declaring the purpose 
  • 19:15 – Respecting the parent company 
  • 29:27 – Looking into your supply chains to pivot your business after identifying inflection points 
  • 30:57 – Framing your business in the interaction field 
  • 32:35 – Discovery-driven approach 
  • 37:30 – Leadership will evolve in the post-pandemic world 
  • 42:24 – Solving complex problems rather than the product 
  • 44:28  Controlling your portfolio of investments 

 

This segment was part of The Interaction Field Series of our LinkedIn Live Events. Please connect with us on our LinkedIn page to stay updated with our upcoming conversations.

The post Inflection Points with Rita McGrath: Your Business Is Not Destined to Fail appeared first on Vivaldi.

]]>
Facebook Challenges Vine with Instagram Video https://vivaldigroup.com/en/blogs/facebook-challenges-vine-instagram-video/ Tue, 04 Aug 2020 19:16:19 +0000 http://vivaldigroup.com/en/?post_type=blogs&p=5692 “…Vine has been making good traction since its inception, proving that short video clips are an untapped resource for personal networking as well as brand marketing.” In 2013, our CEO Erich Joachimsthaler was featured in a MarketWatch article announcing the rollout of video on Instagram and the importance of this update from a strategic standpoint. […]

The post Facebook Challenges Vine with Instagram Video appeared first on Vivaldi.

]]>
“…Vine has been making good traction since its inception, proving that short video clips are an untapped resource for personal networking as well as brand marketing.”

In 2013, our CEO Erich Joachimsthaler was featured in a MarketWatch article announcing the rollout of video on Instagram and the importance of this update from a strategic standpoint. Read the full article here.

The post Facebook Challenges Vine with Instagram Video appeared first on Vivaldi.

]]>
A Discussion on Perpetual Innovation https://vivaldigroup.com/en/blogs/innovation/ Tue, 04 Aug 2020 19:09:40 +0000 http://vivaldigroup.com/en/?post_type=blogs&p=5690 “…the better you get at managing the organization you’ve created, the more you tend to lose track of what really matters: the consumer and the outside/in perspective. And this of course puts everything at risk because consumers change a lot faster then big companies can.” In 2013, Vivaldi_ CEO Erich Joachimsthaler met with FiveMileRiver Marketing […]

The post A Discussion on Perpetual Innovation appeared first on Vivaldi.

]]>
“…the better you get at managing the organization you’ve created, the more you tend to lose track of what really matters: the consumer and the outside/in perspective. And this of course puts everything at risk because consumers change a lot faster then big companies can.”

In 2013, Vivaldi_ CEO Erich Joachimsthaler met with FiveMileRiver Marketing to discuss the importance of staying on top of the ever-changing nature of consumerism and got to the nitty-gritty of what innovation truly means. Read the full article here.

The post A Discussion on Perpetual Innovation appeared first on Vivaldi.

]]>
Alcohol brand innovation: do you need another drink, or something more refreshing? https://vivaldigroup.com/en/blogs/alcohol-brand-innovation/ Mon, 06 Jul 2020 17:28:03 +0000 http://vivaldigroup.com/en/?post_type=blogs&p=5584 Did you ever think there would be a time that a hard seltzer would outsell craft beer? Last year, White Claw hard seltzer surpassed every alcohol beer on the market. It’s tempting for other brands to produce a me-too product. It’s better to understand why an innovation succeeds than simply copying it. A deeper understanding of consumer motivations and their brand interactions […]

The post Alcohol brand innovation: do you need another drink, or something more refreshing? appeared first on Vivaldi.

]]>
Did you ever think there would be a time that a hard seltzer would outsell craft beer? Last year, White Claw hard seltzer surpassed every alcohol beer on the market. It’s tempting for other brands to produce a me-too product. It’s better to understand why an innovation succeeds than simply copying it. A deeper understanding of consumer motivations and their brand interactions across several categories – what we call an interaction field – will result in more disruptive, relevant, and sustainable innovation.

White Claw’s communications try to make it clear that they are THE beverage of choice for younger drinkers. But their success isn’t only the marketing – it was really the market insight.

White Claw catches several waves of shifting consumer mindset. It mirrors the move in soft drinks from synthetic fizzy drinks to carbonated water. It uses natural fruit flavours, and it’s low in sugar.

It’s effective. It has hastened the decline of alcopops and it has taken share from light beers. According to IWSR, by the end of 2019, hard seltzers were already larger in terms of volume consumption than the entire vodka category in the US[1].

The trends towards simple, healthy, natural and light are already well developed in food and fashion. White Claw’s success is aided by these adjacent categories. The messaging and social reinforcement that will come from other brands – as well as customers and influencers – in advocating these attributes across categories – will make White Claw feel like the drink of a generation.

These interactions between categories and consumers in forming and reinforcing trends are one aspect of what we call ‘Interaction Fields’. Multiple touchpoints, across multiple brands in multiple adjacent and non-adjacent categories define modern customer experience and shape perception. Successful brands must be distinctive but they cannot stand in isolation.

Now, nearly every big-name beverage brand has launched, or is planning to launch, their own hard seltzer. When a new sub-category emerges, it’s understandable that established brands would respond with me-too products. It’s a predictable move but, in a category that is often rife with clichés, this is itself also a cliché.

Emulation is not innovation. Businesses and brands should aspire to lead. Just copying White Claw is looking at it through the wrong end of a telescope. The business innovation challenge is not ‘how do we make a similar product?’ but ‘how do we develop a similar level of insight-driven innovation?’

A Sea of Change in the Beverage Market

According to WiseGuyReports, the global market for the alcoholic beverage market is expected to grow at 4.09% (CAGR ) over the next six years. The array of choices available to today’s consumers makes it much harder for alcohol brands to fight for their attention. People live their lives differently today than they did even ten years ago. They’re checking out the labels and making sure the ingredients used to create the product don’t conflict with their ideals.

Crafting an effective alcohol brand experience for customers involves building interaction fields that speak directly to them, finding opportunities to add or create value at every point in the customer journey. There should 360-degree engagement between the brand, the customer, and other stakeholders. How can a brand consistently bring value to customers and to its broader ecosystem? Thinking of brands as a platform for interaction, engagement and experience should be at the top of everyone’s mind when crafting strategies for alcohol brands.

This kind of platform thinking helps brands create a consistent architecture for sensing and learning about the needs of customers. Considering the entire interaction fields between consumers and brands allows businesses to innovate beyond products to create entirely new categories of customer experiences.

Let’s look at how interaction fields work and then examine some different ways of applying this approach to create new and stronger brand connections in line with the social, cultural and market trends shaping the beer, wines and spirits (BWS) sector.

What Are Interaction Fields?

Think of interaction fields as a way of encompassing an entire experience ecosystem for consumers. Each interaction should build equity for the brand and create value for the consumer and do the same for ecosystem partners and adjacent businesses. Thinking in terms of creating and shaping interaction fields helps marketers see beyond their latest communications strategy and to encourage, enable and equip consumers to build their brands into their lives.

You see all the potential links between customers and the different ways they interact with the world. More importantly, you gain a better understanding of their needs within the current marketing environment, which helps you create more agile business and brand strategies.

The consumer should be the key consideration in any interaction field. However, interaction fields also help you see the connections between brand products, vendors, and even those producing the raw materials. Interaction fields describe how your own commercial network can meaningfully combine with your consumers’ social, family and digital networks. Value may be realised in transactions, but it is created, shared, and sustained through interactions.

Three Essential Elements of Interaction Fields

  1. Data Insights

It’s important to know who’s buying your products and their reasons for choosing you over a competitor. Data gathering helps you understand important details about consumers. Qualitative tools like focus groups always help, and quantitative surveys and data analysis of consumption patterns and purchase behaviours are an invaluable part of classic marketing.

With interaction fields, the approach to data can be broader in three important ways. The first is essentially a form of ethnography. Understanding social behaviour of consumers helps to identify new opportunities to innovate at different points in the value chain or with different experiences by identifying new usage occasions, locations, social rituals and purchase habits.

Secondly, interaction fields consider other brands and businesses that connect with consumers alongside your own, and this can surface new opportunities for partnerships or new platforms for delivery. Research therefore encompasses much more than simple usage and attitudes towards one brand in particular, but a wider understanding of a set of brand relationships that are important to consumers.

Thirdly, interaction fields recognise that consumers are not ‘dumb targets’ of marketing. Instead they are active participants in a network of relationships – contributing and sharing insight and content that, when listened to attentively, can create new opportunities for innovation or to deepen brand relationships and engagement.

  1. Customer Experience

Use the information collected through your analytics efforts to understand how to improve and personalize the alcohol brand experience. Create different concepts to test with a brand’s target audiences. Understand the differences in what customers in different brackets expect when it comes to engagement. How can you demonstrate to them the positive impact of the product in their life? That should be a top concern of all alcoholic or non-alcoholic beverage brands.

The information collected on the behavioral patterns of consumers helps you understand the impacts of your products in the lives of customers. Use that data to inform future campaigns for new or revamped products. Your interaction fields should incorporate the marketing channels best suited to connecting to your audience. That should help in focusing efforts on spaces more likely to encourage customer engagement.

  1. Market Strategy

Your alcohol market strategies should tell customers exactly where you stand when it comes to issues important to them. Values matter. It makes a difference to customers when trying to decide which alcohol and non-alcohol beverage brands fit their lifestyles or belief system. Make sure to expand that level of engagement when creating a brand architecture for related products.

For example, Red Bull has taken its energy equities and built up a strong association with sports and extreme activities. That kind of market segmentation could be essential when it comes to crafting innovative new marketing strategies that tie a brand’s products to experiences that engage an audience.

Don’t limit your interaction fields to digital spaces. Use your knowledge to add depth to all aspects of marketing. That includes setting up alcohol marketing events or other off-line efforts to interact directly with customers.

Having a better understanding of customers and their interaction fields allows beverage businesses to come up with ideas that lead to true brand innovation in the alcohol market.

The questions you should ask as you build out your brand as an interaction field include:

  1. How can you continually make your business valuable to each new customer?
  2. How can you influence partners within your brand ecosystem to buy into your vision?
  3. How can you successfully create value within that ecosystem while generating growth?

We call this approach to creating interaction fields ‘platform thinking’. It creates a brand space which welcomes customers and partners, and which is engineered to create value through interaction.

Six Strategies for more radical innovation

  1. Enlarge “Share of Life” From Product to Solutions

An interaction field should help you see potential ways your brand brings value to customers. That means knowing what that audience experiences each day. Your customer research should give you the minutiae of their lifestyles, key to avoiding the mistake of building marketing campaigns based on outdated assumptions that miss their target.

Alcohol brands must establish the role and worth of their products in a customer’s life before successfully selling them on the benefits. As you think through how your product figures into the day-to-day routines of customers, avoid hasty expansions that take your brand from its roots. The key is to keep your product consistently relevant in the lives of your target audience.

One example of this is the explosion of ready-to-drink (RTD) products taking over the craft beer market. A segment that used to be dominated by the presence of 750ml bomber packaging has shifted to 4-pack tallboy cans. The lightness and convenience of cans over glass bottles makes them a prime choice for consumers to take with them on hikes or other outdoor activities.

It’s much easier to take a canned beverage into a park, pool, or other public areas versus a wine bottle. Wine, cocktails, and hard seltzer are just some of the drinks that now come in a can. If you’re a brand looking to move away from glass bottles, focus on showing your customers how their lives would be better because of that move. Demonstrate the ease of using cans over bottles and how they provide the kind of instant satisfaction expected by today’s consumers.

  1. Strengthen Your Narrative by Competing on “Purpose”

What does your brand want to accomplish beyond hitting your target KPIs? You need to tell your brand’s story in a way that speaks to their values. How is your brand doing a better job than the competition on issues like the environment? Interaction fields can provide clarity on staking out your purpose in a way that’s distinct from other alcohol brands in the market.

For example, environmentally conscious customers want clarity on the term conditions under which  brands operate. They’re thinking about things like getting rid of excess packaging and reducing the use of single-use products, like plastic water bottles. Brands should make sure their advertising reflects the ways they keep the environment in mind for the production and distribution of their products. UK Supermarket Sainsbury’s has committed to halve plastic packaging by 2025[2]. Brands that don’t respond to this will soon like sit on their shelves looking like they’re from a previous era.

If you’re still converting to more environmentally friendly products, don’t be afraid to say that. One way of connecting to customers is by showing your willingness to listen to their concerns and change any practices that could be potentially harmful to the environment. Are you open to alternative packaging that’s more eco-friendly like aluminium cans or paper boxing?

Focusing on sustainability also provides an opportunity for alcohol brands to display their dedication to using sustainable packaging materials for the long-term benefit of our planet. Use your consumer research on this audience to anticipate questions customers might have on various topics like alternative packaging. That helps your marketing team prepare campaigns that speak directly to that audience concerned.

  1. Create Solutions Relevant to a Specific Segment

“The world is polarized and averages are truly meaningless. The task of CPG companies and brands is to stay relevant by still keeping a certain critical scale.” – Alan Jope – CEO Unilever

The risk with all ‘me too’ product-led innovation is that, whilst there’s merit in getting a slice of the pie, the pie itself isn’t getting any but your product portfolio is getting increasingly unmanageable.

To succeed, global brands must achieve sufficient margin and/or volume. Some niche products simply don’t scale. Relentless product variants can clutter a market rather than serve it. The challenge is how to achieve segmentation at scale.

One answer is premiumisation. Even during economic uncertainty, premium alcohol brands can deliver affordable luxury. In fact, economic uncertainty may even encourage some consumers to keep affordable premium brands as a treat when cutting back elsewhere. Estimates show that the sales of premium spirits like tequila, vodka, and whiskey – priced at $25 and up – have increased by 12% over the past 12 months.

A related strategy is to associate a premium alcohol brand with gifting – so that a relatively expensive bottle of something becomes the gift of choice to people when they get their new home, promotion, engagement or addition to the family. These examples are a different take on segmentation from targeting smaller and smaller niches – they are about making really specific brand associations yet connecting them to what are actually fairly universal experiences. It is thanks to De Beers’ marketing that we link diamond rings to getting engaged[3].

Segmentation here is not necessarily about smaller and smaller target groups, but instead about increasingly precise specificity of the brand.

In this way, premiumisation can deliver margin and still drive volume. But to create new associations, new opportunities and even new drinking occasions requires two things: Firstly, a comprehensive understanding of how consumers engage with their world of brands – their interaction fields. Secondly, an ability to think laterally about all the possible brand partnerships and adjacent categories that can be enlisted to create a meaningful new drinking occasions.

One category outside beers, wines and spirits is leading the way. Coffee has achieved a kind of mass-connoisseurship that alcohol brands should study closely for inspiration for bar and in-home premiumisation. Coffee lovers all over the world  visit their local coffee shop for a cup of pour-over coffee, even though it might be double the cost of a regular drip coffee. For home brewing, they buy single origin, whole-bean coffees that often retail for more than twice as much as the traditional mainstream brands.

  1. Stimulate Disruptive Alcohol Brand Innovation

Innovation should start from the ground up. Avoid the temptation of slapping a fresh coat of paint on a rusty old marketing campaign. Look at the partnerships you’ve formed with other partners. What potential changes could you implement that help you push beyond an incremental mindset?

Today’s alcohol brands must have the flexibility to shift with the current times. Look at what’s going on in the world today. Where does your brand fit into the lives of customers navigating an abrupt shift in what is considered normal? Open for innovation at every point in the customer journey and your value chain from the outside and inside, by initiating the right partnerships externally and making your company receptive for change internally. Keep the following concepts in mind as you work through creating your interaction fields.

  • Brand Architecture — Organise all related products, services, and brands in a way that shows you the distinct ways components connect to an audience and each other. Use that to gather information on consumer preferences.
  • Marketing Planning — Let the data gleaned from your interaction fields inform how you establish marketing goals and implement different strategies

Don’t limit yourself to what’s worked in the past. You should consistently update and refine the interaction fields for each segment to stay up to date on what consumers desire now. It also gives you insights into what they may need in the future, which helps keep your brand relevant to current and new customers.

We’ve seen these kinds of changes pay off with the growing popularity of low-alcohol and no-alcohol beverages on the market. There’s also been a shift toward reducing the amount of sugar contained in various products. Many brands also focus more on incorporating natural ingredients into their beverages to appeal to health-conscious customers.

Lighter wines with less sugar and calories are another way of appealing to consumers looking out for their health. An example of this is FitVine, a brand of wines focused on serving an audience looking for products with low sugar, carb, and calorie content. Michelob Ultra now offers a macro light lager that appeals to customers with an active lifestyle.

Beverage brands should also try thinking up new flavor combinations and healthier recipes for their products. For example, the Briska label in Sweden came up with a cider with a high fruit-juice content that combines mango and apple flavors. Another new emerging trend is sparking cocktails to draw in customers looking for new non-alcoholic beverage options.

  1. Make Your Employees Part of Something Bigger

Empower your workers by allowing them to contribute to the way you come up with interaction fields. Fresh eyes encourage novel ideas and could push you in directions you might not have considered with your standard marketing team. Establish an environment that makes the best in the field want to be part of the experience. Stop and think about how your company measures up in the following areas:

  • Employer-Value Proposition — How trustworthy is the appeal of your brand to potential employees? Would top talent be proud of being associated with your company?
  • Capability Assessment — How ready is your organization to adapt quickly to changes in customer preferences?
  • Employee Engagement Initiatives — How is your company going about staying connected to individual employees and their future career goals?
  • Agile Digital Transformation — Have you put in the work to make your company technologically and culturally ready to compete in the digital age? Are you able to engage directly with customers in ways that drive growth? Are you prepared to use next-generation technology to fulfill your brand’s vision?

One example of building up your beverage brand’s employer-value proposition is through charitable contributions to causes important to your workers. Take the time to ask them about where they would like to see improvements in their local community. They can give your company ideas on different events to sponsor that work to make a difference in the lives of residents in need.

The Brewdog brand created a charitable foundation in the UK to help fund various philanthropic endeavors around the goal. They direct funds to initiatives selected by their workers. Campari UK joined forces with The Drinks Trust to help hospitality  workers suffering due to the coronavirus epidemic by creating the Shaken Not Broken Fund. It supports employees in hard-hit fields like bartending, serving, dishwashing, and restaurant management. William Grant & Sons have created #standfast to support the on-trade[4].

Happy employees create a more harmonious workspace. Ask workers where they’d like to be five years from now and help them find a path toward achieving that goal. That could be through initiatives like tuition reimbursement or providing an opportunity to receive additional training in a specific field.

You want people at all ends of the company with the capabilities needed to deliver on the ideas produced through your interaction fields. It also encourages an atmosphere of platform thinking throughout the organization. Invest in committing to agile digital transformation to improve the technology at your company and help employees be more efficient in completing their job functions and satisfying your customer base. The more you invest in building up these areas of your company, the more likely you are to attract the talent needed to promote continued success.

  1. Enable Constant Two-Way Consumer Communication

The value of your brand depends on the perception of consumers. You should look for different ways to encourage connections with your audience through innovative marketing for alcohol brands. Let’s examine some concepts that help in that effort.

  • Customer Experience Design — How easy is it for consumers to navigate your website or take advantage of a recent promotion? Track the journey customers take when interacting with your brand, both online and in stores.
  • Customer Relationship Management (CRM) Tools — Make sure you have architecture in place that gives you a 360-degree view of everything from your most successful marketing campaigns to data analytics on optimal marketing channels.
  • Marketing Funnel Optimization — Find out what’s most successful in encouraging customers to follow the path from an initial contact to a conversion.

How convenient is it for consumers to receive your products? Does your website provide a way for customers to find a convenience store that delivers to their doorstep? Does your marketing tunnel include linking up with subscription services that allow customers to subscribe to regular deliveries of your products?

Don’t limit yourself to the traditional retail model when it comes to getting your beverages to consumers. For example, Drizzly is a two-sided market that connects retailers with interested beverage drinkers to have drinks delivered directly. They also opened up a new monetization channel by charging participating retail stores a membership fee versus collecting an additional fee or taking a cut of sales to customers.

Get Help Building Better Alcoholic Branding Strategies

Vivaldi have helped some of the world’s most forward thinking businesses create innovative brands and experiences for today’s consumers. If your brand or business is looking to develop more radical approaches to innovation, let’s start a conversation. We’ll look at how platform thinking might work for you, and work towards creating a dynamic interaction field for your consumers.

[1] https://www.thespiritsbusiness.com/2020/06/hard-seltzers-bolster-rtd-growth-in-2019/

[2] https://www.about.sainsburys.co.uk/news/latest-news/2019/13-09-2019-sainsburys-to-halve-plastic-packaging-by-2025

[3] https://www.insider.com/why-do-we-propose-with-diamond-rings-2017-4

[4] https://www.williamgrant.com/gb/legacies/our-standfast-campaign-to-support-the-on-trade/

The post Alcohol brand innovation: do you need another drink, or something more refreshing? appeared first on Vivaldi.

]]>
Cooking Up a Brand Refresh for Nestle’s Top Pasta Brand https://vivaldigroup.com/en/works/nestle/ Mon, 27 Jun 2016 23:11:57 +0000 http://vivaldigroup.com/en/?post_type=works&p=84 Buitoni approached Vivaldi Partners in 2005 suffering from low awareness among US consumers. The chilled pasta was hard to find in the refrigerated section of the supermarket, it was more expensive and seemed more complicated to cook than dry pasta, and the low-carb craze of the early 2000s certainly wasn’t helping growth. The 150-year-old Italian […]

The post Cooking Up a Brand Refresh for Nestle’s Top Pasta Brand appeared first on Vivaldi.

]]>
Buitoni approached Vivaldi Partners in 2005 suffering from low awareness among US consumers. The chilled pasta was hard to find in the refrigerated section of the supermarket, it was more expensive and seemed more complicated to cook than dry pasta, and the low-carb craze of the early 2000s certainly wasn’t helping growth. The 150-year-old Italian food brand needed to rethink its strategy for the US market.

Buitoni partnered with Vivaldi Partners to relaunch the brand with a new growth strategy and in-store merchandising for the US – one that would draw shoppers to the display in the store and forge a quick connection at the shelf.

To carve out a meaningful space for Buitoni, the Vivaldi team reframed the opportunity beyond pasta to ‘all meals to linger over’. We undertook a rigorous brand assessment and conducted consumer shop-alongs and in-home research to examine the consumer demand landscape and explore how the simple authenticity of Buitoni products could improve daily life.

The insights Vivaldi uncovered and the subsequent strategic work galvanized our US merchandising strategy. I found their approach both inspiring and practical.

Brigid Gilmore, Director of Marketing, Nestle USA

Employing our proprietary ConsumerFirst methodology, we studied the daily habits and routines of consumers to give us a deeper understanding of how Buitoni could better fit their daily life contexts. While Vivaldi’s research revealed that most consumers related to Buitoni’s Italian heritage, most weren’t aware of the benefits of Buitoni’s products, such as why fresh pasta is superior to dry.

Vivaldi developed and tested five possible brand positioning concepts, finally settling on “The Joy of Good Food,” comprising four key dimensions: passion for great tasting food; carefully chosen ingredients; fresh tasting and succulent dishes; and elegantly simple but bold flavors. The positioning was extended to the demand opportunities identified in our research to create three distinct growth platforms, with new products, packaging and innovations tiered along 3 horizons to build the brand frachise over time.

Article Image
Lorem ipsum dolor sit amet, consectetur adipiscing elit – Lorem Ipsum

Parents are placing greater emphasis than ever before on feeding families healthy meals – we needed to communicate that Buitoni was a convenient, nutritious solution for busy families who still want to enjoy dinner together. Our in-store strategy helped to do just that.

David Tran, Engagement Manager, Vivaldi Partners Group

Article Image
Lorem ipsum dolor sit amet, consectetur adipiscing elit – Lorem Ipsum

Vivaldi’s ConsumerFirst research had also uncovered a strong appetite for more authentic Mediterranean cuisine and healthy, yet delicious, foods. While consumers demonstrated a clear preference for healthy meals, time-crunched households struggled to find the time necessary to plan nutritious convivial dinners. By applying those insights to the brand positioning, Vivaldi created a fresh merchandising concept – “Come to the Table.” Based around the idea that busy moms and dads are pressed for time but still want to have sit-down family dinners, “Come to the Table” invites consumers to gather around the Buitoni table – a place to share ideas about food and life around it. This was sampled across major US food retailers with great success.

As a direct result of Vivaldi’s work, Buitoni’s US revenue grew three-fold in just five years.

The post Cooking Up a Brand Refresh for Nestle’s Top Pasta Brand appeared first on Vivaldi.

]]>