Lodish Leonard M, Mela Carl F
Wharton School, University of Pennsylvania, Philadelphia, USA.
Harv Bus Rev. 2007 Jul-Aug;85(7-8):104-12, 192.
Brands are on the wane. Many consumer-goods companies blame the big-box discount retailers, but the Wharton School's Leonard Lodish and the Fuqua School's Carl Mela have a different explanation. Their research suggests that companies have damaged their brands by investing too much in short-term price promotions and too little in long-term brand building. To rescue their brands and increase profitability, corporate managers must arm themselves with long-term measures of brand performance and use them to make smarter marketing decisions. Several factors explain the short-sightedness of brand management: the increased availability of weekly, or even hourly, scanner data, which show a clear link between discounts and immediate boosts in sales; the relative difficulty of measuring the effects of advertising, new-product development, and distribution--all of which can contribute to a brand's long-term health; the short tenure of most brand managers; and the near-term orientation of Wall Street analysts. Although discounts do increase sales in the short-term, they ultimately lower profit margins. If a product is often discounted, consumers learn to buy it only when it's on sale. Moreover, when one firm increases its discounts, others usually follow suit, lowering everyone's margins. Executives can monitor a brand's long-term performance by watching a dashboard of measures. Only after examining such measures, for example, did managers at Clorox discover that the company's heavy discounting and decreased advertising had caused a steady decline in overall bleach sales and profit margins. In response, Clorox reduced discounting and increased television advertising, moves that ultimately strengthened the brand and reversed the firm's downward trends.
品牌正在衰落。许多消费品公司将责任归咎于大型折扣零售商,但沃顿商学院的伦纳德·洛迪什(Leonard Lodish)和福库商学院的卡尔·梅拉(Carl Mela)给出了不同的解释。他们的研究表明,公司因在短期价格促销上投入过多、在长期品牌建设上投入过少而损害了自身品牌。为了挽救品牌并提高盈利能力,企业经理们必须掌握衡量品牌绩效的长期指标,并利用这些指标做出更明智的营销决策。有几个因素可以解释品牌管理的短视行为:每周甚至每小时的扫描数据越来越容易获取,这些数据显示了折扣与销售额的即时增长之间存在明显联系;衡量广告、新产品开发和分销的效果相对困难,而这些都有助于品牌的长期健康发展;大多数品牌经理任期较短;以及华尔街分析师的短期导向。虽然折扣在短期内确实能增加销售额,但最终会降低利润率。如果一种产品经常打折,消费者就会学会只在打折时购买。此外,当一家公司提高折扣时,其他公司通常也会效仿,从而降低了所有人的利润率。高管们可以通过观察一系列指标来监控品牌的长期表现。例如,直到审视了这些指标之后,高乐氏(Clorox)的经理们才发现公司大量的折扣和广告减少导致了漂白剂整体销售额和利润率的稳步下降。作为回应,高乐氏减少了折扣并增加了电视广告投放,这些举措最终强化了品牌并扭转了公司的下滑趋势。