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The controversial marketing guru discusses the revolution in advertising strategy
"What can I say about Sergio Zyman? He's a genius; that's all."-Warren Bennis, University Professor and DistinguishedProfessor of BusinessAdministration, USC Marshall School of Business
In this follow-up to his bestselling book The End of Marketing As We Know It, Sergio Zyman, Coca-Cola's renowned former chief marketing officer, argues that the business of advertising as we know it is dead. He uses real-world examples to illustrate how modern advertising overemphasizes art and entertainment and neglects the most important rule of advertising-sell the product. With a keen eye and a no-holds-barred approach, Zyman discusses how advertising died, what killed it, and how to revive it. He addresses the most critical issues affecting any organization's sales and marketing departments, using his time-tested, unorthodox, and sometimes even counterintuitive principles in order to translate key strategies into positive business results. For marketing managers, advertisers, and CEOs, this book offers groundbreaking advice from one of the legends of modern marketing, as well as the knowledge, insights, tools, and direction to transform advertising strategies from hoping to planning, from art to science, from guessing to knowing, and from random success to planned success.
- Sales Rank: #1543388 in Books
- Brand: Wiley
- Published on: 2003-12-09
- Released on: 2003-11-25
- Original language: English
- Number of items: 1
- Dimensions: 9.11" h x .66" w x 6.04" l, .65 pounds
- Binding: Paperback
- 256 pages
- Great product!
From Publishers Weekly
Zyman began his career in an advertising agency, worked his way up to become the chief marketing officer of Coca-Cola and now runs his own marketing consulting firm. Readers might expect him to be a friend of the advertising industry, having played on both sides. But he doesn't hold his punches, particularly when it comes to the industry's recent emphasis on shock value, a trend that is also mocked by another new book, The Fall of Advertising & the Rise of PR, reviewed below. The nearly simultaneous publication of both books should concern ad execs who've based their campaigns on irony and nonsense. Their work might win ad industry awards, but it does little to sell products, both of these books argue. Zyman also advises marketing managers on such esoteric decisions as whether to tap a dead celebrity for a TV spot or to trust in fads like "viral marketing." Frequent references to last year's terrorist attacks make the book feel up to date, but sometimes result in jarring passages, such as, "Right after the September 11 attacks, Pepsi started having a little trouble keeping consumers interested in the message." No kidding. Zyman addresses chief executives and marketing managers directly, counseling them to get tough on their ad agencies and base their evaluation of the agency's work on whether it sells products or services, not on whether it generates buzz. Seems like obvious advice, but judging by recent commercials, Zyman's thorough, thoughtful words might be the kick-in-the-pants the industry needs. Illus.
Copyright 2002 Cahners Business Information, Inc.
From Library Journal
As chief marketing officer at the Coca-Cola Company, Zyman (The End of Marketing As We Know It) speaks from practical experience, but he also holds an MBA from Harvard. At Coca-Cola, Zyman both increased sales dramatically and oversaw the introduction of New Coke one of the most visible missteps in the annals of marketing. Advertising now is not effective, claims Zyman, because it is dominated by overly creative television ads that entertain and win awards but don't generate sales. Expanding the definition of advertising to include everything from packaging to employee behavior, he argues that advertising must show a clear measurable return. One of his best arguments is that sponsorships should be reconsidered to make sure that every dollar spent drives increased sales. Zyman does not introduce many new ideas, but he does advocate that CEOs and marketing managers take a more active role to reinforce the brand and value proposition. While walking readers through a series of real-world examples of what worked and what didn't, he downplays his own mistakes and shows little sympathy for the mistakes of others. Ultimately, though, the book reaffirms the classic notion that a company must think through its strategies up front while also welcoming change. The writing style is refreshingly simple and easy to understand. Appropriate for any library that has a business section. Stephen Turner, Turner & Assoc., Inc., San Francisco
Copyright 2002 Cahners Business Information, Inc.
From Booklist
Zyman was nicknamed the "Aya Cola" for his brutally honest approach as chief marketing officer of Coca-Cola, where he spearheaded the launches of Diet Coke, New Coke, Classic Coke, Fruitopia, and Sprite. He refused to rerun the much-loved "I'd like to teach the world to sing" Coke commercial because he believed that "feel good" marketing is pointless unless it leads to higher sales. His book The End of Marketing as We Know It was a slap in the face of TV commercial producers who think they're creating high art but have forgotten the purpose of ads: to sell the product. Here he gets down to the nitty-gritty about why advertising is failing and gives firsthand advice on how to make it work again. The 30-second TV commercial is not the end-all medium for reaching your audience, he says, because advertising includes so many overlooked aspects of your product such as branding, packaging, and how to treat employees. His straightforward approach will hit home with advertising directors willing to drop the nonsense and get back to basics. David Siegfried
Copyright © American Library Association. All rights reserved
Most helpful customer reviews
20 of 20 people found the following review helpful.
Good if you're interested in how great Sergio is
By A Customer
In his book "Crossing the Chasm," which explored how technology companies move from start-up to success, Geoffrey Moore used a great analogy to explain how market concepts move from the fringe to the center. Moore said the bulk of companies were like cows, always bunched together while contentedly looking down at their tiny patch of grass. Then one cow looks up and thinks, "new grass!" Another cow looks up too, and soon there's a stampede over to a different field.
In branding, the cows are starting to look up.
Sergio Zyman is a former chief marketing officer of Coca-Cola who bills himself as a "high-profile marketing guru." He runs an Atlanta-based consulting group with clients in banking, aluminum, skiing and golf. In 2001, Time magazine named him one of the three best pitchmen of the 20th century.
This book is a follow-up to his 2000 book, The End of Marketing As We Know It. His current book is a collection of observations on the changing role of branding, specific advice on sponsorships and PR agency selection, and musings on the impact of 9/11on advertising. He writes only for companies selling to consumers, ignoring the vital role of branding for businesses that sell to other businesses.
The premise that advertising has "ended" covers attacks on large, traditional agencies, who see advertising through the lens of 30-second TV commercials and define success by the number of creative awards. "The truth is that most agency art directors are frustrated movie directors and most agency copywriters are frustrated playwrights and both consider themselves artists," he says. Instead, he defines advertising as the sum total of corporate operations, ranging from packaging and PR to how secretaries answer phones.
Zyman also argues that "awareness" is irrelevant. "Too many companies make the mistake of thinking that creating an image is some kind of goal unto itself, that once they get their image into the public's mind they'll automatically see an increase in sales and customer loyalty. Unfortunately, it doesn't work that way," he writes.
He makes a strong case for accountability. He dismisses traditional metrics like "reach," "frequency" and "continuity" because of a lack of targeting. Every marketing expense must be treated as an investment, with a quantifiable return. Even sponsorships must have a hard-dollar impact on revenue. Such accountability extends to ad and PR agencies. Don't hire anyone, he advises, who is not willing to be paid based on sales results.
Based on his extensive experience at Coke, he is especially strong on celebrity endorsements and sponsorships. When considering celebrities, key questions to ask include: "Is there a relevant connection between the brand and the celebrity?" Otherwise, it's a waste. Case in point: Hiring Terry Bradshaw to promote 1-800-COLLECT, or Michael Jordan for Ray-O-Vac batteries. What is the risk of controversy? Is the celebrity overexposed? ("Two words: Fran Tarkenton.") Can the celebrity be used in different media? And, does the celebrity actually use the product? There were a lot of frowns at Pepsi when Britney Spears was spotted drinking Coke.
Out of a worldwide marketing budget of $5 billion, Coke once spent about one-third on sponsorships. Zyman now suggests that the word "sponsorship" should be abandoned because it implies one-way philanthropy. His alternative: "Marketing Property Utilization." Key questions to answer before sponsoring events include: What specific business results are you trying to achieve? How much business will the event need to generate to achieve revenue and profit objectives? What are the opportunity costs? He emphasizes that the usual method of measuring return - minutes of exposure compared to equivalent media costs - "is a load of crap." He suggests that property sellers take a stake in the success from the event. For example, a bank sponsor of a NASCAR event paid NASCAR for every new account that was opened.
But Zyman misses the boat in several areas. He not only argues for "positioning," but "positioning du jour." "When it comes to brands, 'if it ain't broke, don't fix it' doesn't work....If your brand is going to succeed, and you're going to stay ahead of the competition, you're going to constantly fix things before they break and continuously realign your message and your image to your customers' wants and needs." It's hard to imagine a scarred veteran of the New Coke fiasco making such a statement.
He dismisses the experience that results from product and customer interaction. Zyman writes: "Pay attention because this is absolutely critical: The people who got you where you are right now - no matter how good they are- can't get you where you want to go. They just can't. If you're going to move ahead, expand your business, or get into new markets, you need to bring in some new people with new ideas. If you can't do that, you at least need to send your old people out to be retrained."
And some statements are worthy of American humorist Dave Barry, known for his catch-phrase, "I am not making this up." "The Microsoft brand, for example, projects an image that the company and Bill Gates himself are committed to making their products bigger, brighter, and more useful. They even try to involve customers in product development. By continually putting out a product that breaks they're giving the impression that Microsoft's technology is so advanced that their products are always in development. The company responds well to suggestions for fixes offered by heavy and light users alike and people end up almost feeling as though they own the company," he writes.
Some of his ideas are good, but are tainted by the blatant self-promotion on almost every page. If you're interested in a book that explores many of the same themes, but details how to put them into action and measure results, check out FusionBranding: How to Forge Your Brand for the Future by Nick Wreden. The difference between the two books is like exploring the same ground, one from 50,000 feet in the air, and the other with a map, guide and compass.
12 of 12 people found the following review helpful.
Save your money
By A Customer
This would have been an interesting book idea if it had been written seven or eight years ago. As it is, there is little substance here, just a lot of noise about the obvious problems with most advertising today - misguided and pre-tested to the point of gum with the flavor chewed out of it.
Zyman's own career is a product of big advertising budgets. His lack of experience building brands any other ways shows. As such, this book lacks specific advice about non-traditional marketing that comes from personal experience.
If you're looking for a books that can help you find a new approach to marketing, this isn't it. Save your money.
11 of 12 people found the following review helpful.
the beginning of advertising Sergio as we know it
By A Customer
This book would be better off as an entry in the 'Idiot's Guide' series. Not because Zyman is an idiot. He's quite smart. but because it's just a basic primer about how advertising works. Anyone beyond an Assistant Brand Manager role at any decent company knows this stuff cold. And, in my experience dealing with agencies, so do most mid-level and above ad people. Basically, he's selling himself. Every chapter contains tales of his great ideas and the 'visionaires' who agree with him (some of them dead.)
Still, Sergio managed a 6-figure advance for a thin book with college-level information. Now, that's smart. Oh, and by the way: that's marketing.
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