HBR - Marketing
HBR - Marketing
HBR - Marketing
and prey. In the last 3 (property, social, and cultural exchanges), the marketer has to become someone who is invited into the exchange or is even pursued (as in the case of the BMW films) as an entity possessing cultural capital. So what's the best course of action for marketers faced with this complex new world of meaning-making? Deighton challenges his students in HBS's executive Owner/President Management Program to think of a witty, self-aware ad that they could create for their business for the price of a handheld camera. Admittedly, this is no easy feat when you run a scrap metal dealership. But it can be done. One popular video on YouTube, "A Big Ad,"
features 3 young men parodying a grand-scale, cast of thousands Carlton Draught beer ad for a small local dairy. Deighton also cites a former Swiss student now working for a pharmacy lab who finds young, classically trained musicians; records their work; and distributes the CDs to customers. "He blends the purity of the artist and a sense of discovery with his business," he says. "It speaks to a certain authenticity, which in this world becomes a much more desirable property than exaggeration." And as digital interactivity increases the contexts in which people use new media, it
becomes less and less productive to think of people as consumers alone. "If a company limits its engagement to the part of the person's life when he or she is thinking about skin care, for example, it diminishes that person and marginalizes the brand," Deighton says. "I think the central idea here is that in the future, brands will be more talked about than talking."