Stephanie Fierman Says It’s Not Worth It
February 14th, 2010
Let’s talk about Audi and the choices it seems to have made regarding its newest advertising work.
Audi USA’s new campaign is based on the “Green Police,” a band of roving law enforcers who try to protect the environment. “You picked the wrong day to mess with the ecosystem, plastic boy,” says a Green Police enforcer to a clueless grocery shopper in Audi’s Super Bowl ad. “A man has just been arrested… for possession of an incandescent light bulb,” says a reporter. Here’s the ad:
There are even educational YouTube videos, like this one that tells you how many napkins to take per sandwich.
Hoo-HOO! Hilarious.
But if your brand had a history that was, you know, linked to the largest human massacre of all time, how funny would an ad have to be for you to go ahead anyway?
Audi’s problem is that there’s already one Green Police in history - a Nazi organization associated with the forced labor and
extermination of millions of innocent people. Audi is one of the companies that converted its factories to make automobiles and heavy artillery for the Nazis. Both Audi and Volkswagen have been named in multiple lawsuits filed by Holocaust survivors and their families over the years.
So the social media campaign and the TV ad comes out… and some people are upset. Others race to defend Audi’s advertising process, e.g. Audi did lots of research prior to launching the campaign, and it showed the ad to Jewish organizations and Holocaust survivors who were not offended.
These comments just reinforce Audi’s deafness. Did Audi know in advance or not? Which would be worse? And as for the defense that the company showed the ad to some Jewish people… there were thousands of people of multiple faiths caught up in what happened during WWII, and there are human beings of all faiths who could be offended by such a reminder. We are all citizens of the world - and we are all consumers with money to spend on new cars. And if I’m not in the market for a car, I can assure you that I talk to someone on Facebook or Twitter or at work who is - someone who values my opinion.
This isn’t about religion, it’s about brand. It’s about judgment. It’s about customers.
What was the judgment that Audi made here? As PR flak Melanie Lockhart says on her blog, “Lockstep on PR, “Even if you don’t personally think so, from a PR strategy perspective, it doesn’t matter. As soon as someone takes reasonable exception to anything an organization does (and especially if that someone has an audience), you’ve got a potential issue on your hands. Can you reasonably predict that a campaign with resonances of the Holocaust will offend people? I think so.”
Others on the Web haven’t been so charitable.
Audi volunteered for a big kick in the gut. Why - for a social media campaign? To spend $3 million on a single :30 Super Bowl ad insertion, when said ad drags so much negative baggage with it? If I were CMO, I’d like to think that I never would have seen the concept in the first place, because my agency would have considered and rejected it. But if it had gotten to my desk and I’d reflexively typed “[Fill in the Blank] Nazis” into Google, it’d have been lights out. No chance to debate whether or not an ad may or may not offend anyone. Why take the chance?
In this case, there simply isn’t enough funny in the world to balance the scale. It’s not as if there’s “another side” to the Holocaust. This isn’t the same as being “offended” by a bunch of guys farting in a TV ad. Even if you are one of these folks - in the words of Help A Reporter Out Founder Peter Shankman on Twitter, “Nothing good can EVER come from a PR campaign involving Nazis.”
In a world where trust is a brand’s greatest asset, one’s very first filter has to be good taste. Audi had no reason to take this kind of risk. It makes cars that people love - one guy calls his Audi TT “lovable and charismatic.” The company doesn’t have any controversial point to prove, and the brand doesn’t need shock value. Why take this road?
And in case you think I’m being overly sensitive, or perhaps that killing the campaign would have been tantamount to censorship, you may have a tin ear. It’s not about us. It’s about the audience and the message you want them to receive.
Be tough. Put ideas to the test. If one person can “reasonably predict” a problem, don’t hogtie the work and your reputation by asking for a punch in the face. There are plenty of great ideas out there that won’t generate over 100,000* negative mentions on Google. Go find one.
* On February 14, 2010 a Google search on “Audi Nazis Super Bowl” yielded 107,000 results.
Stephanie Fierman Meets Her Match
January 16th, 2010
I guess it had to happen sooner or later… but back to the point of our story in a moment.![]()
I’ve been sitting at my laptop at home in NYC most of the day, getting things done. Then, about an hour ago, I get an email receipt for a $260 card scanner purchased at the Apple Store in Birmingham, Alabama. I check Google. The store is real. Hmm. The receipt has my email address on it, but a dot is missing. I check Google’s Gmail rules and it says that, even with a dot missing, GMail will usually get your mail to you. Great. How many Stephanie Fiermans could there be?? If the receipt is real, the scanner was bought with an AmEx that doesn’t seem to match my number (insert glimmer of hope here), but maybe I’m reading the somewhat fuzzy numbers wrong.
Even so, the next number hits me like a ton of bricks: a 6-digit number directly beneath the credit card info starts with the first 4 digits of the phrase I use for nearly all my online passwords. Oh my G*d. Someone has basically cracked the code for my entire online identity! I feel my guts clench and - while I’m on hold waiting for the store manager - I get busy changing all my passwords, worried that a thief is working faster than I can call all my credit card companies and check all the other sites. The store seems like a good place to start, but who knows what could be happening out there in the meantime?!
A very nice store manager named Brad confirms that the Apple transaction number is correct. S**. My mind is reeling. Identity theft. A stalker. How many credit bureaus are there, again?? Anyway, Brad and I are talking, and sleuthing, and we’re stumped because he says the card was physically swiped at the store, and he’s looking for more info, and we’re talking some more, and I’m wondering if he’s single, and then it hits me: there is another Stephanie Fierman in the United States - and I seem to recall that she’s from the South.
And now back to our online personal branding show, already in progress.
While I am certain, gentle reader, that you think there could be no other, there is another Stephanie Fierman in the United States. I’ve “seen” her on the Web for years. Since I’ve been blogging and tweeting and writing and guest speaking (and she, conversely, appears to be a normal person), I haven’t seen her pop up on the first several pages of Google for quite some time, but she’s out there.
And yet we’ve never crossed paths - until today. So while Brad is running through the possibilities, I type “Stephanie Fierman Alabama” into Google and - there she is. My doppelganger lives in Alabama. She LIVES in Birmingham, Alabama! And the set of numbers that looked like the online password I use? It’s an AmEx authorization code - and pure coincidence. Case closed.
I’m still a little nauseous, but I figure it’ll go away.
As for you… I decided to write this blog post because (a) the story is too crazy not to share, but also because (b) the part that made it appear as though someone had discovered my “universal” online password scared me straight. I talk a lot about building your own personal brand (see my series, because you should anyway: Part 1, Part 2, Part 3, Part 4), but the #1 most important thing about being on the Internet is staying safe - and using the same or close to the same password everywhere is just dumb. Yep - close to the same password on all my credit card sites: brilliant.
Do you do the same thing? Do you use the same phrase or - when you run into a site that needs a letter or a number - do you always add the same letter or number to your basic phrase? Change them now. Mix it up. Use truly different phrases. Especially on all the websites related to YOUR MONEY.![]()
I have no idea how I’ll remember the strange new brew of passwords I cooked up but - if I forget one - I can always go through the annoying process all the sites have of resetting it.
It’s a heck of a lot better than falling into an identity theft situation that could follow you around for years.
So change your passwords now, and regularly - and please make sure they are sufficiently different from one another. And check Google to see if you have a doppelganger. I was lucky, but if yours is an adult film star or, say, in prison, you may have a little online personal branding work to do.
Check out my second blog at www.stephaniefiermanmarketingdaily.com.
Stephanie Fierman Takes Lessons From Santa
December 27th, 2009
Is Santa the best marketer ever?
Think about it:
Long-term reputation management: No Tiger Woods problems here. Ever. Do you think that
Coca-Cola worries that it might go to sleep one night and wake up to find a sex tape of Santa on the Web? Have you ever noticed that the whole “Mommy kissing Santa Claus” business never seems to go past a certain point (paging Charlie Sheen…)? Nope, not gonna happen. Santa is one reliable dude.
Brand promise and channel integration: No matter where you go, you receive the same disciplined message. Movies, television, email, radio, social media, Web, snail mail, music, retail… You get the same message everywhere and each channel builds upon and reinforces the others. He’s big, he’s fat, he wears a red suit and he gives you what you ask for on Christmas Eve. Not December 23. Not December 25. It’s December 24. Every year. The end.
Never any hidden charges: There are no Congressional committees convening to discuss whether Santa is taking advantage of consumers. There is no small print. You are not likely to be subscribed “accidentally” to a magazine simply by unwrapping a gift beneath the tree. Santa’s pricing appears to be entirely above board. And somehow, shipping is always free.
Brand advocacy: Think of all the parents who read stories about Santa, take their children to see Santa, tuck said children into bed on Christmas Eve with the promise that Santa will soon arrive with presents… Santa has a virtual army of adults carrying his message each and every year, in the exact way that will have the greatest positive impact on each individual child. Wow!
Long-term view of the customer relationship: Santa is committed to NPV, and everyone’s NPV is BIG. If you’re a kid, he wants you to tell other kids what he gave you. He wants you to talk to your parents and grandparents about what you want. He wants you to bring your friends to meet him. And when you grow up, he encourages you to invite him into your home and buy extravagant gifts in his name. Santa: the ultimate “cycle of life” promoter.
Customer targeting and personalization: If you ask Santa for a bicycle, you’re going to get a bicycle. You might also get socks, but if a bike is your preferred method of transportation, you won’t get a wagon by mistake. Further, Santa is very likely to build the bike in the exact color you specify.
A message of “giving back” that’s attainable and not too sanctimonious: Be nice, get your gift. Be naughty, and you’re on your own. No chest-beating, no lectures, no threatening. Everyone knows the rules, and the rules don’t change.![]()
Attributes powerful enough to overcome controversy: Santa has a problem that I don’t think any other brand has ever experienced - that is, some people don’t even believe he exists! You may not like a brand like Reebok, or Microsoft, or Hanes, or whatever, but you wouldn’t think of denying their very existence on the planet. And yet, the core attributes represented by Santa transcend even this existential challenge. Even those who ”know” he doesn’t exist still enjoy the gestalt of the brand. Name me a pizza chain or a department store or TV manufacturer who can say the same.
I could go on (ultimate loyalty program, no channel conflict, efficient manufacturing, distribution and customer service support…), but you get the idea.
Though another Christmas has past, perhaps we should all look to Santa for guidance in 2010. After all, his operation is well-loved, profitable, always in growth mode and he never loses customers. I’d be happy with that.
For more marketing thoughts and ideas, check out my second blog at Marketing Observations Grown Daily.
Stephanie Fierman And Tiger Woods Have Something In Common
December 7th, 2009
So I walked around all last week, turning the Tiger Woods debacle over in my head, wondering if I had anything to add. Hadn’t everyone already piled on? Probably. And even the thoughts I want to share with you aren’t particularly new, but that doesn’t mean they’re not worth saying. Again. And again.![]()
Thought #1: what should be public is now private, and what should be private has been made public. This is an expression borrowed from Ellen Hume, currently an Annenberg Fellow and a world-renowned journalist, teacher and television commentator, among other things.
Ellen was also the founder of PBS’s Democracy Project, which focused on citizen involvement in public affairs and was, in part, an effort to more fully leverage all the channels beyond television (that were available even in the late 90’s) in ways that tapped in to those channels’ special capabilities. The Web is great for providing more in-depth detail than one can deliver on television, for example.
When Hume made this public/private statement, she was making the point that we seem to prefer using 24-hour channels, like the Web, to dredge up every salacious, personal detail about everything and everyone, no matter how ultimately truthful or additive to the story such details may be. By the time we beat said details to death, who even knows what was true or not but, man, what a ride. Think Tiger here: private details that are now gruesomely public, like a neighbor claiming the golfer was snoring on the lawn and the 911 call heard ’round the world.
Contrast all this with TARP. Could you explain what TARP is in 25 words or less? How many beneficiaries can you name? How many of them have paid back the money? What is the name of the popular American economist and Nobel Prize winner who has been particularly outspoken and critical of the program? Do you know approximately how much the U.S. government has handed out to date?
I could not answer all of these questions, but I do know that Tiger Woods’ wife used a wedge to smash in his car windows.
After you include Fannie Mae and Freddie Mac, the U.S. government has doled out over $1 TRILLION in our money. The state of the financial markets has an impact on this country, and an impact on you. Tiger’s mistresses? Not so much. But dang it all if some knucklehead isn’t updating this story every 20 seconds.
What is public is private and what should be private is public. Conduct yourself accordingly.
Related Thought #2: The math doesn’t work anymore. Once something is brewing you can hope for the best, but act, please, assuming the worst.
Just this past week, a smart person I know looked at a situation in which it was possible that Company X might encounter negative press if information having nothing to do with the company was misinterpreted in the media. So this smart person did what smart people are trained to do: s/he attempted to thoughtfully quantify Company X’s exposure - for example, how many individuals might actually be impacted by the event. Everyone comfortably concluded that the answer was not very many.
That used to be a good answer. Not anymore. Now it only takes one person with a high-speed Internet connection and a beef to let millions of people know what he knows or what he thinks he knows. Dell poo-pooed Jeff Jarvis. United ignored Dave Carroll. Comcast disregarded Mona Shaw. One blogger with an agenda attempted to trash a model’s reputation. An anonymous jerk on JuicyCampus.com started a vicious tirade about female Yale Law School students. Are you next?
It takes one person to start a fire you will not be able to control. And some form of this content will remain on the Web forever. For-e-ver.
Forget about intelligent, rational assessments of how big something might become. By the time it’s big, it’s too late. It could be one anonymous email, or an angry spouse or a dissatisfied customer. Move quickly when a crisis arises, or else.
So what I hope Tiger, you and I now have in common is an understanding of the gigantic reputational risks that now exist, given the Web and a 24 hour news cycle. My advice to normal people is to build a positive reputation online before something happens, so it’s there as a counterbalance to any threat that might arise. I never thought I needed to recommend that one should also attempt to avoid totally avoidable, stupid acts that could unravel everything a person has built, but hey - a fresh reminder never hurt anyone.
Stephanie Fierman Has A Way Around It
November 1st, 2009
Recently, I have noticed a trend: I often write about things that help people cheat.
OK not cheat, exactly - it’s more like I often share information on services that allow you to address some sticky or uncomfortable situation that needs fixing but for which there is no obvious solution. So, really, I like to think that I’m just making a small, humble contribution to the concepts of justice and fairness in this cold world.
Yes, marketers can talk themselves into anything.
Anyway, it really does look like I have a propensity for this kind of thing. First, I wrote about Google’s Goggle feature. Once activated, Goggle (here at the Gmail Lab) forces you to solve a series of math problems before it allows you to send email. The default settings turn the feature on only on weekend nights - the most likely times, I guess, for drunk emailing - but you can adjust the settings if you find yourself sending imprudent notes to your ex on Wednesday nights.
And there was Slydial - possibly the most brilliant invention since voicemail was created. So you know all those people you’re supposed to call, but you’d rather stick a hot poker in your eye? Yeah - those. Or maybe you just need to make some calls so you can check them off your list… if only you didn’t actually have to speak to anyone. Enter Slydial (www.slydial.com). Instead of calling the actual person in question, you dial 267-SlyDial and enter the subject’s cell phone number. Slydial then connects you directly to the person’s voicemail so you can leave a message without ever having to speak to the person you’re “calling” (”Oh hey! It’s Stephanie. SO sorry to have missed you…“).
SlyDial is just beautiful. The ultimate antidote for those painful, anti-social moments.
Then I wrote about The Office Kid (www.TheOfficeKid.com), a new product for the childfree among us. Anyone who doesn’t have a kid has found herself picking up the slack for a parent who leaves early for a soccer game/recital/school play/whatever tiny people do. So unfair! The Office Kid kit includes fake kid art for your office and your very own kid photo so you too can say that the school called and you must fetch your barfing kid immediately. The Office Kid: $20. Midday shopping at Saks: priceless.
Today’s addition to this directory of shortcuts, gentle readers, is Expense-A-Steak from the New York steakhouse Maloney & Porcelli. This one is a little different from the others (”different” in that it’s the one most likely to get its creator sued for fraud), so I’m not going to recommend it or go into any detail. From strictly an advertising point of view, however, this little baby currently produces 1.1 million instances in Google (including an editorial by AdAge’s Bob Garfield and an entire article in The Wall Street Journal) - and that’s a lot of steaks that may have been served up at M&P. [See my P.S on this one below]
So there you have it: my ongoing ode to tools and tactics that help you, uh, smooth the rough edges of life. Why do I love them? I think I just have a huge amount of respect for their creators - such ingenuity! My brain just does not work like that. Good thing I’m smart enough to appreciate the fruits of their labors.
P.S. While wandering the Web for this post, I stumbled on a new Google feature, “Got the Wrong Bob?” Have you ever sent an email, only to receive a reply from a stranger saying that you’ve contacted the wrong person? “Got the Wrong Bob?” scans your Gmail files and tries to identify when you’ve accidentally addressed an email to the wrong person… before it’s too late.
I really seem to have a knack for this stuff. You can thank (or Slydial) me later.
P.S. To the kids watching at home: when creating a tool like Expense A Steak that could conceivably be misused and abused by some goober -thereby exposing YOU to legal risk - it’s best to add a simple statement like “For Entertainment Use Only.” Your checkbook - and conscience - will thank you.
Without The Consequences Right In My Face…
October 3rd, 2009
A recent article made me think back to a post I wrote last summer titled “Stephanie Fierman Likes Plastic Gucci Sunglasses - And Is OK With It.” The post says that experts who say that not-rich consumers are essentially duped into buying luxury goods are missing a large swath of buyers who know exactly what they’re doing: that is, buying fun, knowing full well that they could buy functionality at a far lower price. Hence, Gucci vs. $10 plastic sunglasses I can buy on the street. Plastic is plastic. But that dopey logo represents an indulgence – a reward – for which I am sometimes willing to pay full freight.
BusinessWeek outlines the efforts of Dan Ariely, a behavioral economist and author of the book Predictably Irrational, who has spent the past year trying to figure out the forces that drive people to cheat (paging Bernie Madoff…)
Ariely’s very very boiled down conclusion is that individuals who are not directly faced with evidence or reminders that what they are doing is wrong are more likely to plow ahead and conversely, those who are reminded are less likely to do so. He describes a couple of experiments he used to try to measure “deception’s slippery slope.”
* Subjects who knowingly wore faux designer sunglasses later cheated twice as often on an unrelated task than those wearing authentic goods – take the first step and it’s that much easier to take the second.
* Get an auto insurance applicant to sign his name on the top of the application rather than the bottom, and he will be more honest about his driving habits – put the consequences right in someone’s face and you’re likely to get “better” behavior.
Here’s a TED video of Ariely talking about why people think it’s ok to cheat:
This has extreme ramifications – and potential opportunities – for luxury goods manufacturers like LVMH who spend a lot of money and time drawing attention to the costs of counterfeit goods.
Part of the problem is the arguments these companies use. Does the average woman – out with her friends to have a little fun on a Saturday afternoon without a lot of money – have any sympathy when the luxury companies are described as the chief victims of counterfeit buying? I don’t think so.
But what if these manufactures took a different tack, promoting the fact that buying faux fuels organized crime and following it through with stories of what these same criminals did with the $30 I paid for a fake Chloe bag? It certainly wouldn’t be possible in all venues, but could some of these firms visit places like Canal Street in New York and engage directly with potential buyers about the consequences of buying fakes? I don’t think I’ve ever seen this happen. I’ve seen local TV and newspaper stories about how a luxury company has done a raid with local law enforcement… but never a company interacting directly with consumers at the street-level point of purchase.
If was looking at a table full of fake Tiffany merchandise and given proof of the spot that my money goes to fund terrorist groups, what would I do? Would I stand there and think of the two friends I lost on American Airlines Flight 11? I believe I would – and I think I’d walk away from the table, and tell my friends about the experience.
The Guccis and Tod’s and Burberrys of the world need to find a way to debunk the idea that buying fakes is a victimless crime, and they need to do it as close to the moment of impact – the moment I’m about to buy that fake Cartier watch as possible.
Stephanie Fierman Sometimes Prefers To Stand Up While Shopping
September 5th, 2009
Pity the poor retailer.
Vandalism. Gobs of costly employees. Shoplifting. Huge shipping costs. Rent, utilities and facilities expenses. Oh yes, and sales stink.
So the last thing the modern proprietor needs is to be compared to a storeeee innnn spaceeee… But Brandweek did just that when it published “Why Can’t Shopping Be More Like Online Shopping?” (or “Why Retailers Should Be Acting More Webby” online*) – a full-page editorial lamenting why oh why “regular” stores can’t be more like online ones. Why bricks and mortar establishments aren’t taking “advantage” of all the stuff that “online competitors have been perfecting” for years.
Hmm. Stores are far from perfect (my grocery store was renovated recently, and now I can’t find a darn thing) but – come on.
Let’s take the points raised in this article one by one and give a quick, incomplete-but-adequate response regarding the practicality/reasonableness of each:
* Product reviews. Where would a retailer put product reviews in a store where everyone would see them? Who would be responsible for keeping them current? Who would be responsible for mending/replacing them if they were damaged or defaced? How could a chain retailer ensure 100% compliance across its network?
* Bestsellers. Pretty much “ditto” to the above.![]()
* Search. This one’s just mean. Stores have been experimenting with kiosks for years with mixed results. Brands that want to experiment with shelf displays typically need to send their own people in to do it (expensive, time-consuming). The writer refers to a test that Campbell’s tried years ago. It alphabetized its soups in-store. Result? They sold less soup. And store maps? Who can read one of those and where the heck is it?
* Affinity. Since 10 out of 10 shoppers who walk through the door are looking for different items and would be lost if some products where re-grouped with others just because someone thought it should be that way. And if we’re talking about posting suggestions near products, see above for Reviews and Bestsellers.
* Brevity. The writer wishes there was a “convenience aisle” for check-out. There is (15 items or less please). But when a store’s busy, you’re going to wait behind a bunch of people. When was the last time you had to wait behind a bunch of people while checking out online?
And with this last point, I tip my hand: the presence and need for multiple (indeed, masses of) human shoppers and workers to make a store location on dry land work is the reason that my local grocer will never be like FreshDirect. It’s not just money and profits that keep live retailers from taking on characteristics of Web shopping, as the article hypothesizes. Some things, for all intents and purposes, are simply not able to be done well in the real world.
But if we ask why online shopping isn’t more like regular shopping, the good reason is also human interaction: a person that helps you figure out whether that sweater is black or navy. A greeter at the door who says “Hello” and thanks you for coming. A saleswoman who knows just by looking at you what size will work, and will give you an opinion on an outfit if you ask. A butcher who will tell you which cut of meat to buy when two choices look exactly alike. A person who will give you a smile (or more) on a crummy day. Oh, and I can go out and be home in less than an hour with the stuff I need.
Are there cranky and/or incompetent salespeople in stores? You bet. And websites malfunction, are often inscrutable and crash once in awhile. Nobody’s perfect (not even technology).
So there you have it: in real life, it takes a village to sell merchandise that one or two people can sell online - and that’s always going to be messy/ier. Life’s not always pretty. Cut your favorite store some slack. Use channels and experiences for what each is good for and don’t bother wondering why reading online (or on a Kindle) can’t be more like holding a real book – or vice versa. There’s room in the universe for both.
* Dear Brandweek: You gave the article I tore out of my subscription copy an entirely different title on your website, thereby making it easier for me to find in the physical world than the online one. Go figure.
Stephanie Fierman Tweets At Brand Camp
July 27th, 2009
Mojo readers know that I truly enjoy the work of two wonderful marketing/business cartoonists and like to share it now and then. On my second blog, Marketing Observations Grown Daily, it’s David Jones’ Adland. Here, it’s Tom Fishburne’s Brand Camp.
I have to say that – ever since I found out that tweets carry a number of legal risks – I’ve been waiting for someone to deliver this painfully true characterization of what a meeting between Marketing and Legal just might be like… Enjoy!

Stephanie Fierman Already Knows That Cheap’s Not Cheap
July 20th, 2009
Yesterday’s New York Times book review of Ellen Ruppel Shell’s Cheap: The High Cost of Discount Culture was, I thought, wonderful and terrifying at the same time. [If you cannot see a video about the book below, click HERE.]
The author’s well-researched hypothesis is that we are either ignorant of or - in many cases - simply choose to ignore the profoundly negative, corrosive effects of needing to have everything cheap, cheap, cheap. The article’s primary example from the book is shrimp, which went from an expensive treat to something you can get at any cheesy seafood chain restaurant nearly any night of the week on the “all you can eat” menu: a phenom fueled by so much greed and artificial chemicals that what they should serve at our tables is the resulting ”pollution and toxic waste,” with a side of the “ruinous debt, environmental degradation, horrifying human rights abuses and violence that left millions destitute” in Thailand and other countries.
Yummm. Pass the garlic bread.
But do Americans care? Lower food prices at Wal-Mart are impressive because, even if you never set foot in one of its stores, its mere presence drives down food prices in the surrounding area. Hurray! Forget about the fact Wal-Mart’s brand-name food items aren’t all that much cheaper, in fact, and how do you know that that chicken isn’t cheaper because it’s of lower quality? What we do know is, well, all the things we know about how Wal-Mart has historically kept its prices down.
These practices are why I do not shop at Wal-Mart. But I’m in the minority.
And has this obsession American’s have with inexpensive goods damaged us in macro ways that are now coming home to roost? When prices are too low, innovation is nearly impossible, reports a Harvard economist.
Paging General Motors. Oh, and this moribund company is already “out of bankruptcy?!” Paging the U.S. government…
The only true major American innovation outside of Apple that’s gotten any real attention… has occurred on Wall Street. And we all know how well that’s going for millions of people.
So I’m worried. There are a lot of executives who have generated a lot of shareholder value by sticking the low-price needle into our arms… and consumers like it. Now we’re in a recession, which is likely to compound the effect: many now have no alternative but to shop for the least expensive goods - and others use it as a sadly understandable reason to reverse course and cut back. People are worried, and conserving: I’ve seen several studies where people say they’re cutting back on “values” purchases, such as “green” and organic goods for example.
Where does it end? What do we care about the most? The U.S. is consistently on the wrong side of global lists of developed countries ranked for homelessness, obesity, high school graduation, health care quality… and we’re the biggest polluter in the world.
There’s a lot of chest-beating on television about the national debt. “We’re saddling our grandchildren with crippling debt! Gahhh!” What about what we’re doing right now - what we care about today?
Stephanie Fierman Sends Social Media To Brand Camp
July 6th, 2009
Mojo readers know that I’m hooked on a couple wonderful marketing/business cartoonists and like to share their work now and then. On my second blog, Marketing Observations Grown Daily, it’s David Jones‘ Adland. Here, it’s Tom Fishburne’s Brand Camp. Enjoy!




