Re: Why car companies shouldn't move away from their core values This is a unique thread indeed. While thinking of core value, it needs to be looked at from two perspective i.e. the consumer and the brand. The consumer perspective of core value of a brand develops over a period of time by product/service interaction, word of mouthing media consumption where as for the brand owner the core value shifts/evolves based on market trends and consumer needs.
The consumers too respond to the current market trends and their perception of brand shifts where as brand owners will think of their ‘Emotional Positioning Platform’ and keep changing/tweaking it from time to time.
There are so many examples we can see around:
- Tata’s brand /core value was never about - safety, technology and style whereas these are today.
- Honda, once talked about value, premiumness and quality does not have a clear positioning today in consumer’s mind.
- Toyota few years back was all about quality, safety and reliability talked in a very grey tone whereas today they are talking premiumness, quality and reliability still stays, technology has been added as a value and the tone has become very youthful.
- Mahindra- from raw, utilitarian and rugged has evolved into style, ruggedness, adventure and technology as their defining core/brand value.
The brand in todays time have to be dynamic and can’t afford to be static more so with confluence of technology and various product spaces merging and evolving into new ones. |