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The Visionary Brand | The Power Triad | Product, Marketing & Sales | PART II
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The Visionary Chronicles Podcast
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Content from Bryan’s new Award Winning, Bestselling Book
Te Visionary Brand, The Success Formula Behind the World's Most Visionary Brands.
THE VISIONARY BRAND | The Power Triad (PART II)"Stay hungry, stay foolish." – Steve Jobs
This quote from Steve is a passionate plea for creators never to be satisfied with the status quo. Always ask "Why” and “How” and search for answers to questions others have not yet asked. In response to these questions, find a way to separate your brand from the status quo; you need a transparent, cohesive process to ensure the greatest ideas become a reality!
In this podcast, I want to further our discussion on The Power Triad, the three engines that keep a brand thriving; Product, Marketing & Sales. Bringing insanely great products to market is a process, a method to the madness. You will often create a product when there seems to be no demand. The supply and demand problem, what to do, and how to do it?
When the Power Triad determines opportunities to disrupt or reinvent how a product works or how a process provides a solution, this is the front end of the ideation process. The Ideation process is driven by and led by the Product and Marketing teams, each responsible for a critical ingredient to a brand's ongoing success formula, starting with a premium product, commercialized when ready, not by Marketing but by the product team. When the Power Triad process is not followed correctly, when marketing gets ahead of Product, or Sales get ahead of Marketing, whatever the breakdown, it always leads to a disaster.
One real-life disaster, a case study in my new book The Visionary Brand, is when Under Armour, driven by my marketing success in its early years, decided to enter a new market, football cleats—a category without core expertise. During the commercialization process, marketing had committed a campaign budget to a specific release date, which the Product team had not signed up to. Although the Product team was not on board with releasing the Product, Marketing had commitments, and they took the lead with a product not ready for primetime. The release was a product disaster, having to return most of what was released. The real damage was related to trust and authenticity, which take decades to earn, and weeks to lose.
Lesson learned through the following formula.
- Great Product + Great Marketing = SUCCESS
- Wrong Product + Great Marketing = FAILURE
When building your Power Triad, ensure they follow the process; Product to Marketing to Sales. There is input from each core group along the way, with most being in the front end of ideation, but Product must commercialize the Product, Marketing must market the Product, and Sales must Sell the Product. Simple but challenging for most brands to commit to and follow through.
In my new award-winning and bestselling book, The Visionary Brand, The Success Formula Behind the World's Most Visionary Brands, I reference Breakout or Breakdown. You can either Breakout, where each needs each through Interdependence, or Breakdown, where each needs itself through Independence. The Power Triad is an Interdependent group of cross-functional team members working towards a singular goal. To crush the competition!
Build a great Power Triad team, and give them the Independence to be Interdependent on one another—the formula for success in building a generational product pipeline and loyal brand following.
Stay True, Stay Authentic, be Different, and be Great!
Enjoy the Journey!
Bryan Smeltzer, President
LiquidMind Inc.
#TheVisionaryChroniclesPodcast
#TheVisionaryBrandBook
@LiquidMindsite.com
@BryanSmeltzer.com
© All rights reserved, Bryan Smeltzer, 2023
Bryan Smeltzer is a consumer products business executive and entrepreneur. He has held executive-level roles in business development, Product, and marketing with some of the world's most prestigious brands, including; Oakley, TaylorMade, Adidas, K-Swiss, and Schutt Sports, among other international brands. He also founded a men’s apparel brand, successfully running a profitable business for ten years, eventually selling to a VC firm.
He also hosts a Podcast called The Visionary Chronicles, ranked as the #1 Visionary and Top 50 Marketing Podcasts by Feedspot, and recently finished his first bestselling book, The Visionary Brand, The Success Formula Behind the World’s Most Visionary Brands, and recently received the prestigious Readers Favorite Award for BEST Non-fiction, Marketing Genre book.
He is also a member of the Board of Advisors at UCI’s BCIE along with their New Venture Program, an Innovation Advisor at the UCI’s Applied Innovation program at the Cove, a Mentor/Advisor to UCLA’s Price Center Venture Accelerator Program, and a Mentor/Advisor at the San Diego Sports Innovators Accelerator (SDSI) center.
Bryan oversees LiquidMind Inc., a global brand strategy firm that partners with start-ups and established mid to large-cap consumer brands to empower businesses to think differently, be different, drive a passionate culture, and execute relentlessly.
You can contact or follow him at;
email | bryan@LiquidMindsite.com
Facebook | @bryansmeltzer33
Instagram | @bryan_smeltzer
X | @bryansmeltzer
LinkedIn | linkedin.com/in/bryansmeltzer/
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