Every year the Customer Strategies for Sustained Growth conference brings a group of about 30 business school academics from around the
world to INSEAD’s campus on the edge of the forest of Fontainebleau. The objective
of the conference is to promote thinking about sustained growth and to talk
about ways of introducing this thinking into business school curricula. In
these recessionary times when growth seems elusive, ways of sustaining it (at
least at the firm level) are all the more necessary. The conference is a small,
well organized meeting in which discussions with friends, over delicious meals
and nice wines, meander through topics both academic and non.
The formal sessions include plenaries in which three speakers
present brief, insightful ideas, followed by a general discussion, as well
breakout parallel tracks in which a speaker walks the audience through a deeper
hour-long discussion of an idea.
“Customer strategies for sustained growth” is a sufficiently
large tent to allow for a wide variety of topics and perspectives. For example,
this year’s presentations included papers on innovation and innovation adoption,
competitive advantage, social responsibility, emerging markets, the internet
and web design, brands and branding, inter-disciplinary thinking, sales, the
sales-accounting interface, business models, consumers’ reactions to service
failures, and the teaching of consumer behavior and technology management.
I always come away from this conference with some neat
insights and ideas. Since it is an inter-disciplinary conference, I get to see presentations
outside of the marketing literature. This year, for example, Luis Almeida Costa
(Nova University, Lisbon) presented evidence on how companies with a unique resource
as a competitive advantage may still end up losing money (and may even reduce
industry profitability) if their competitors’ are forced to cut prices to
compete with the deployment of this resource. In other words, your competitive advantage could spark a price war.
Sridhar Moorthy (Rotman School, University of Toronto)
sketched an idea that distinguished between brands born of products versus
brands born of marketing activities. Consumers know and understand the Google
brand through our use of its products rather than through its positioning
activities. Pepsi is a brand we come to know through its marketing
activities. The Pepsi generation is an arbitrary (constructed) association that
could just as well apply to any other cola, or indeed any product. This distinction led to a lively
discussion in which Sridhar asked us to consider if the internet would favor one
type of brand over the other. Would purely marketing based brands stand up to
the internet’s scrutiny? Will consumers view the web merely as another
entertainment pipe through which they receive conventional brand related
messages, or are the web’s particularities as a medium (its transparency and
social networking) going to tilt the balance in favor of product-based brands
versus marketing based brands?
Aaron Ahuvia (University of Michigan, Dearborn) presented a
new way to teach consumer behavior in which less content is delivered with more
impact, and the students really “get it” by engaging in carefully structured, progressively complex tasks.
Aaron’s course design insights could apply widely to the design of any business school course.
A big thanks to Professors Jean-Claude Larreché
and Hubert Gatignon for organizing the conference, and to INSEAD for hosting it.
I’m looking forward to meeting up with this group again next
year, and readers of Just Marketing can look forward to insightful guest posts from some of the attendees at the conference.
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