Price Elasticity

Join Joan and Larry on FutureProof Brands as they delve into the intricate world of pricing psychology and its profound impact on customer perceptions and economic sentiments. In this episode, they dissect the phenomenon of reference pricing and its role in shaping consumer behavior amidst a backdrop of rising inflation. From the alarming trend of continuous price hikes by brand-businesses to the subtle nuances of internal reference prices, Joan and Larry uncover the hidden forces driving customers' perception of value. Drawing insights from behavioral economics and real-world examples, they explore the delicate balance between pricing strategies and customer trust, offering actionable advice for brand-businesses aiming to future-proof their success. Tune in to gain invaluable perspectives on how pricing decisions can shape the landscape of customer loyalty and shareholder value in today's ever-changing market.

In this episode, "A Plan To Win," we unveil the strategic blueprint for brands to secure victory in today's competitive landscape. Hosted by Joan Kiddon, we navigate through the intricacies of brand strategy, uncovering the essential elements that pave the path to success. From defining clear objectives to executing impactful marketing initiatives, we provide actionable insights to help brands chart their course to triumph. Join us as we explore the strategies that separate the winners from the rest. Stay tuned and discover how to craft your own winning plan for brand success.

In this episode, we explore the pivotal role of Internal Marketing in building enduring brand-business growth. We delve into how Internal Marketing aligns teams, educates employees, and ignites excitement about brand purpose. At Arcature, we've distilled this process into four phases: Education, Inspiration, Implementation, and Evaluation. We emphasize the importance of avoiding negativity, fostering urgency, and celebrating successes. Join us as we uncover the secrets to futureproofing your brand. For more insights, visit arcature.com. Stay tuned and stay futureproof!

In this episode, we explore Twelve Truths for Staying Out of Trouble in brand-business management. From fostering a positive culture and embracing change to defining clear strategies and staying relevant, each truth encapsulates key principles for enduring profitable growth. We emphasize the importance of organizational culture, adapting to demographics, acting as leaders, and creating a results-driven culture through accountability and measuring results. Join us on this journey toward successful brand-business management. For further insights, visit arcature.com.

We delve into the detrimental tendencies that entrap brand-businesses in downward spirals. In this episode, we explore the Twelve Tendencies for Trouble, uncovering how behaviors like the arrogance of success, complacency, and a focus on pleasing analysts over customers can significantly impact brands. Through real-world examples from Kellogg's, Meta, and others, we highlight the dangers of neglecting innovation, losing focus on core customers, and reverting to outdated strategies. Emphasizing the importance of a "Plan to Win" and a balanced brand-business scorecard, we share insights on avoiding these pitfalls and sustaining enduring profitable growth. Recognizing and evading these twelve trouble tendencies is critical for securing your brand's longevity in an ever-evolving market. Join us in navigating these challenges for a futureproof brand. Thank you for tuning in.

In today's world, marked by economic, social, and political turbulence, trust in institutions is eroding, and customers increasingly rely on peer opinions over experts. However, marketing's core principle remains unchanged: creating value for customers, where a mental value equation evaluates an offering's worth relative to its costs. This equation has evolved from assessing features and functions to considering emotional rewards, time, and effort in addition to money. Enter the Trustworthy Brand Value equation, where trust acts as a multiplier, determining a brand's worth. Brands like Beyond Meat illustrate the importance of Trustworthy Brand Value, and we'll share guiding principles to navigate this new landscape. Trust is the cornerstone of enduring customer relationships, and building Trustworthy Brand Value is an imperative for success. For more insights, visit arcature.com and get in touch with us via the Futureproof Brands tab. Remember, trust is the key to stakeholder value and enduring profitable growth in today's world.

In this episode of "Futureproof Brands", we explore the vital importance of brand promise and how to create one that stands the test of time. Join us as we delve into real-world examples and actionable strategies that will empower your brand to leave a lasting impact in an ever-changing market. Get ready to discover the secrets behind successful brands and learn how to craft a compelling brand promise that resonates with consumers.

In this episode, Larry and Joan emphasize the importance of establishing a Brand Framework for effective brand management and growth. They discuss how a Brand Framework serves as a dynamic document, guiding the brand's direction while preserving its essence. Real-life examples from companies like VISA, University of Louisville, Lego, and Fossil Group illustrate how a Brand Framework can refresh a brand, ensure relevance, and provide a consistent customer experience. Listen in as the hosts explore the balance between guidelines and creativity within the framework, highlighting the collaborative nature of its development and the significance of local relevance. In the end, this episode underscores the power of a unified brand vision in achieving enduring growth, consistency, and value. With Larry Light and Joan Kiddon of Arcature. https://www.arcature.com/ ________________ Co-Produced by Grove Brands https://www.grovebrands.com/

This episode of Futureproof Brands focuses on market segmentation fundamentals. Segmenting consumer markets eradicates the notion that all client needs can be met under one umbrella.The “good-better-best" strategy is relative to what your client wants. Without dissecting those differences, many brands will fail to meet their objective—drowning in an attempt to problem-solve without a strategy that intentionally diversifies their consumers as individuals.Listen in as Joan and Larry remind us why loyalty and consumer experience reign supreme, and how that mentality secures your brand’s future. With Larry Light and Joan Kiddon of Arcature. https://www.arcature.com/ ________________ Co-Produced by Grove Brands https://www.grovebrands.com/

The post-covid tolerance of price increases has challenged price elasticity, and while loyal customers have remained connected, a brand can only push its prices so far before its consumers snap. When the brand experience falters, the demand for its product falls away. This week on brand-business building, we discuss the implications of price elasticity, where customers draw the line supporting their favorite brands, and what determines inherently fair brand value. With Larry Light and Joan Kiddon of Arcature. https://www.arcature.com/ ________________ Co-Produced by Grove Brands https://www.grovebrands.com/