Quality is important, but brands are not built by quality alone.
There is almost no correlation between success in the marketplace and success in comparative testing of brands. Why? Because quality, or rather the perception of quality, resides in the mind of the buyer.
To build a quality brand, narrow the focus and combine that narrow focus with a better name and a higher price. The latter allows the buyer to obtain psychic satisfaction from the public purchase and consumption of a high-end brand.
365
1.53K reads
CURATED FROM
IDEAS CURATED BY
A unique look at the birth and death of brands, and what makes a great brand.
“
The idea is part of this collection:
Learn more about business with this collection
How to balance flexibility and structure in a hybrid team environment
Understanding the challenges of managing a hybrid team
How to maintain team cohesion
Related collections
Similar ideas to The Law of Quality
In the long run, every market becomes a two-horse race.
A new category may have many rungs in the beginning. But, over time, the ladder has only two.
When you have a long view of marketing, the battle is often the struggle between two major players - the reliable br...
Over time, a category will divide and become two or more categories. Categories never combine.
A category starts as a single entity but breaks up into other parts. For example, computers became minicomputers, workstations, laptops, notebooks. Companies may erroneously try ...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates