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EXECUTION
EATS
STRATEGY
FOR
BREAKFAST
HOW TO GROW YOUR BRAND BY DELIVERING WHEN IT COUNTS
                                      @peterjthomson
                                         2011, London
                                              Peter Thomson
LAST MILE




The last mile is the final step in a supply
chain. It’s when the rubber hits the road.
Where you have to deliver every time.
                                    Peter Thomson
LAST MILE




Example: Even if the entire grid is intact,
the loss of the last mile that leads to
your house will take out the power.
                                     Peter Thomson
CHANNELS TO MARKET




If you can’t get your product to market
then no-one can buy it. Your channels
to market are so important that
sometimes you need to take matters
into your own hands.
                                   Peter Thomson
CHANNELS TO MARKET



Example: Vibram were simply a rubber
sole maker until the shoe companies
refused to use their new toe-shaped
soles. They took the risk to create the
product themselves. Now Fivefingers
is a global consumer brand.
                                    Peter Thomson
DECISION POINT




You need to win at the point where the
decision is made. Everything else leads
up to or follows on from this moment.
                                   Peter Thomson
DECISION POINT




Example: Having come hundreds of
miles to the store, your breakfast cereal
simply needs to be picked from the
shelf. Everything is geared to that
moment.
                                    Peter Thomson
MOMENT OF TRUTH




Every product has a moment of
purchase and a moment of use.
You need to win at both of these
touchpoints.
                                   Peter Thomson
MOMENT OF TRUTH




Example: Apple streamline the
in-store point of sale by making it
mobile and instant. This blends with the
products to create a total experience.
                                   Peter Thomson
VALUE CHAIN




You are part of an end-to-end chain of
events. Each incremental step adds
value to the final moment of use.
                                   Peter Thomson
VALUE CHAIN




Example: From the fishing boat maker
and crab fisherman, to Chef Heston
Blumenthal and retailer Waitrose.
Each step adds value to a branded
ready-to-eat risotto.
                                Peter Thomson
LONG CHAIN




You need to take responsibility for how
every step adds value to the final
moment of use.
                                   Peter Thomson
LONG CHAIN




Example: When you purchase a can of
coke a computer system sends a
cascade of re-stocking orders that
result in mining more bauxite for a
replacement can.
                                Peter Thomson
USER CENTRED




Whatever product you make, eventually
someone will use it. That user is a
human being with wants, needs
and fears.
                                 Peter Thomson
USER CENTRED




Example: Multi-million dollar industrial
equipment can be rendered almost
useless by a hard to use interface.
                                    Peter Thomson
WIDGETS




Whatever product you think you sell,
you are really selling the experience of
using your product.
                                    Peter Thomson
WIDGETS




Example: Fred Perry don’t sell
t-shirts. They sell sunny sunday
afternoons playing tennis in the
park with your friends.
                                   Peter Thomson
AUDIENCE




Every product has an archetypal
consumer. The embodiment of your
audience. Know their geography,
identity and aspirations.
                               Peter Thomson
AUDIENCE




Example: BMW sell freedom to a 38 year
old accountant from suburban Essex
who wishes he was a nightclub
promoter or a secret agent.
                                 Peter Thomson
REAL STORIES




People are more influenced by editorial
reviews, peer testimonials and even
celebrity endorsements than any other
brand factors.
                                  Peter Thomson
REAL STORIES




Example: Red Bull uses sponsored
athletes to create ambassadors that
convey the Red Bull attitude better than
any advertisement
                                   Peter Thomson
EXECUTE




Even with the best of strategic
intentions, you will ultimately be judged
by what you can execute and deliver for
your end-users.
                                    Peter Thomson
DELIVER




‘Execution eats strategy
for breakfast.’ - Peter Thomson
                                  Peter Thomson
NEXT STEPS
1. Deliver on the last mile
2. Manage your channels to market
3. Win the decision at point of sale
4. Smooth out the purchasing experience
5. Find out about the rest of your value chain
6. Manage the value that each step adds
7. Obsess over the end user
8. Sell the experience not the widget
9. Know your audience
10.Tell real stories
                                                 Peter Thomson
NOTES


All images are copyright by their original owners. Use in this presentation does not assert any copyright over the
images. If you wish to use any images for commercial purposes you should seek permission from the original
owners listed below.
Cover: www.flickr.com/photos/tavopp
Power lines: www.flickr.com/photos/noonebutme
Vibram Fivefingers: www.vibramfivefingers.com
Supermarket Aisle: www.flickr.com/photos/tomms
Apple store payments: www.tigerlim.com
Heston Blumenthal: www.waitrose.com
Aluminium can: www.jobwerx.com
Machinery keyboard: www.ceratek.co.uk
Fred Perry: www.fredperry.com
BMW australia: www.ausmotive.com
Red Bull: www.infinitipress.eu
Credits: www.flickr.com/photos/professorcooper
Back cover: www.flickr.com/photos/peteranderson
The contents of this presentation itself are copyright 2011 with a creative commons attribution & share-alike license.
I’m granting you the rights to use the material in a wide range of ways because I believe in spreading the cause.

                                                                                                       Peter Thomson
ABOUT

Twitter: @peterjthomson
Web: www.peterjthomson.com
Blog: www.economicsofinnovation.org




                               Peter Thomson

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Execution eats strategy for breakfast

  • 1. EXECUTION EATS STRATEGY FOR BREAKFAST HOW TO GROW YOUR BRAND BY DELIVERING WHEN IT COUNTS @peterjthomson 2011, London Peter Thomson
  • 2. LAST MILE The last mile is the final step in a supply chain. It’s when the rubber hits the road. Where you have to deliver every time. Peter Thomson
  • 3. LAST MILE Example: Even if the entire grid is intact, the loss of the last mile that leads to your house will take out the power. Peter Thomson
  • 4. CHANNELS TO MARKET If you can’t get your product to market then no-one can buy it. Your channels to market are so important that sometimes you need to take matters into your own hands. Peter Thomson
  • 5. CHANNELS TO MARKET Example: Vibram were simply a rubber sole maker until the shoe companies refused to use their new toe-shaped soles. They took the risk to create the product themselves. Now Fivefingers is a global consumer brand. Peter Thomson
  • 6. DECISION POINT You need to win at the point where the decision is made. Everything else leads up to or follows on from this moment. Peter Thomson
  • 7. DECISION POINT Example: Having come hundreds of miles to the store, your breakfast cereal simply needs to be picked from the shelf. Everything is geared to that moment. Peter Thomson
  • 8. MOMENT OF TRUTH Every product has a moment of purchase and a moment of use. You need to win at both of these touchpoints. Peter Thomson
  • 9. MOMENT OF TRUTH Example: Apple streamline the in-store point of sale by making it mobile and instant. This blends with the products to create a total experience. Peter Thomson
  • 10. VALUE CHAIN You are part of an end-to-end chain of events. Each incremental step adds value to the final moment of use. Peter Thomson
  • 11. VALUE CHAIN Example: From the fishing boat maker and crab fisherman, to Chef Heston Blumenthal and retailer Waitrose. Each step adds value to a branded ready-to-eat risotto. Peter Thomson
  • 12. LONG CHAIN You need to take responsibility for how every step adds value to the final moment of use. Peter Thomson
  • 13. LONG CHAIN Example: When you purchase a can of coke a computer system sends a cascade of re-stocking orders that result in mining more bauxite for a replacement can. Peter Thomson
  • 14. USER CENTRED Whatever product you make, eventually someone will use it. That user is a human being with wants, needs and fears. Peter Thomson
  • 15. USER CENTRED Example: Multi-million dollar industrial equipment can be rendered almost useless by a hard to use interface. Peter Thomson
  • 16. WIDGETS Whatever product you think you sell, you are really selling the experience of using your product. Peter Thomson
  • 17. WIDGETS Example: Fred Perry don’t sell t-shirts. They sell sunny sunday afternoons playing tennis in the park with your friends. Peter Thomson
  • 18. AUDIENCE Every product has an archetypal consumer. The embodiment of your audience. Know their geography, identity and aspirations. Peter Thomson
  • 19. AUDIENCE Example: BMW sell freedom to a 38 year old accountant from suburban Essex who wishes he was a nightclub promoter or a secret agent. Peter Thomson
  • 20. REAL STORIES People are more influenced by editorial reviews, peer testimonials and even celebrity endorsements than any other brand factors. Peter Thomson
  • 21. REAL STORIES Example: Red Bull uses sponsored athletes to create ambassadors that convey the Red Bull attitude better than any advertisement Peter Thomson
  • 22. EXECUTE Even with the best of strategic intentions, you will ultimately be judged by what you can execute and deliver for your end-users. Peter Thomson
  • 23. DELIVER ‘Execution eats strategy for breakfast.’ - Peter Thomson Peter Thomson
  • 24. NEXT STEPS 1. Deliver on the last mile 2. Manage your channels to market 3. Win the decision at point of sale 4. Smooth out the purchasing experience 5. Find out about the rest of your value chain 6. Manage the value that each step adds 7. Obsess over the end user 8. Sell the experience not the widget 9. Know your audience 10.Tell real stories Peter Thomson
  • 25. NOTES All images are copyright by their original owners. Use in this presentation does not assert any copyright over the images. If you wish to use any images for commercial purposes you should seek permission from the original owners listed below. Cover: www.flickr.com/photos/tavopp Power lines: www.flickr.com/photos/noonebutme Vibram Fivefingers: www.vibramfivefingers.com Supermarket Aisle: www.flickr.com/photos/tomms Apple store payments: www.tigerlim.com Heston Blumenthal: www.waitrose.com Aluminium can: www.jobwerx.com Machinery keyboard: www.ceratek.co.uk Fred Perry: www.fredperry.com BMW australia: www.ausmotive.com Red Bull: www.infinitipress.eu Credits: www.flickr.com/photos/professorcooper Back cover: www.flickr.com/photos/peteranderson The contents of this presentation itself are copyright 2011 with a creative commons attribution & share-alike license. I’m granting you the rights to use the material in a wide range of ways because I believe in spreading the cause. Peter Thomson
  • 26. ABOUT Twitter: @peterjthomson Web: www.peterjthomson.com Blog: www.economicsofinnovation.org Peter Thomson

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