Showing posts with label branding. Show all posts
Showing posts with label branding. Show all posts

Tuesday, July 16, 2013

TWINKIES - A SWEET BRAND


Courtesy: (CC) Larry D. Moore
Sweet Snack, Sweet Brand



By Anne Zeiser
President and CEO 
Azure Media

The Twinkie, “the golden sponge cake with creamy filling” conjures up memories of post WWII moms laying out the treat to the delight of fawning children.  That saccharine scenario has prevailed for some 80 years and continues this week, despite a short hiccup. That’s brand endurance.

The Twinkie began in Illinois in 1930 with a banana cream filling, but when bananas were rationed during the war, it switched to the signature vanilla cream, which has reigned for more than half a century. In the ‘80s, Hostess introduced the short-lived Fruit and Cream filling, and in 2005, it brought back banana as part of a King Kong film promotion. With a 20% uptick in sales, banana filling was back for good.

Twinkies have weathered The Great Depression, the German invasion of Poland, the bombing of Hiroshima, the Civil Rights Movement, the Beatles, Roe vs. Wade, disco, the Dot-Com boom, 9-11 and Justin Bieber.  Along the way, the Twinkie has become a true American icon: a lunchbox staple; a deep-fried treat at country fairs; an urban legend of indefinite shelf life; an entry in the 1999 Millennium Time Capsule; a single-food diet; and even, a legal defense.

So, it’s no wonder that in 2012, when parent company Hostess filed for Chapter 11 bankruptcy protection and announced it would suspend production of the snack cake because of lagging sales and inability to come to terms with its two unions -- there was a hue and cry of epic proportions. Legions of fans took to Twitter, Tumblr and Reddit lamenting the demise of their favorite glucose drug of choice. Even “celebrities” from New Jersey Governor Chris Christie to Donald Trump got into the fray. Home-baked capitalists began hoarding them, banking on big returns on eBay.

The end of the Twinkie spawned evangelistic fan reaction and consumed popular culture, motivating private equity firms Apollo Global Management and Metropoulos & Co. to buy the brand and, using non unionized workers, put Twinkies back on the shelf again during this summer of our re-contentment.

Why has Twinkie become the ever-surviving cockroach of unhealthy snacks and desserts? Because of its almost-unparalleled brand equity. Despite trends toward health-conscious foods or gourmet expressions of guilty pleasures, the Twinkie is a brand master of the dopamine fix and nostalgic aura. Among brands, it’s S-W-E-E-T.

It:
  • Tells a story
  • Conveys a clear message
  • Connects to audiences emotionally
  •  Delivers value
  • Is consistent
  • Generates loyalty
The private equity firms recognized that even mammoth financial investments to create a new brand couldn’t duplicate Twinkie’s hard-earned brand equity.  Much smarter to leverage the stalwart brand. They understood that creating and expressing a clear brand with authentic meaning and value is one of the most important things you can do when you start a business or manage a product. And, it’s one of the most difficult.  

It’s the assessment of a brand’s equity - what the brand means in the marketplace and the loyalty it engenders with its target audience - that gives it monetary value. Companies are bought and sold based on that brand value, just like the Twinkie. Even your Twitter account and Facebook Page have values ascribed to them based on the number and nature of your followers and fans and their engagement with your posts. There’s an algorithm that determines your social brand value.

Susan Schreter, a venture capitalist, small business funding expert and author of “Start On Purpose: Everything You Need To Know and Do toStartup with Strength,” says the fundamentals for start up businesses to generatebrand equity with lasting financial value are creating brands “that stand for something” and managing brands’ value so “they can sell themselves” and you can “charge higher prices.” 

When James Alexander Dewar, the manager at Continental Bakery, used strawberry shortcake machines to fill the cakes with banana during the berry’s off-season to achieve more efficiency, he couldn’t have imagined he was creating a signature American brand that would sell for the lion’s share of $410 million and prevail for three-quarters of a century…and counting.

So, what’s the outlook for the new, old Twinkie? The biggest threat to the Twinkie’s survival is that it’s breaking the “consistency” attribute of good brands. It’s smaller than the original Twinkie, weighing in at 38.5 grams with 135 calories; the original Twinkie weighed 42.5 grams with 150 calories. Will audiences notice and care? The new Twinkies also have a longer shelf life of 45 days, up from the 26 days. Likely, that will help the brand, feeding the Twinkie’s kitchiness as the indestructible snack. Perhaps its infinite shelf life can translate into infinite brand equity. 

Is there such a thing as an immortal brand? Probably God, and just maybe, the Twinkie. 


Anne Zeiser is the author of Transmedia Marketing--From Film and TV to Games and Digital Media a new title from Focal Press (2015) in the American Film Market®  Presents book series, which  takes a 21st century holistic approach to content creation across multiple media platforms through both storytelling and marketing.

Friday, October 26, 2012

DIALING IN AUDIENCES' REACTIONS TO ELECTION TRASH TALK


By Anne Zeiser, President and CEO, Azure Media


Courtesy CNN
CNN pimped out my TV screen this 2012 presidential election season.

You name it, my digital dashboard had it all: the current debate question restated on screen; a running clock of the candidates' speaking time; a branded "Debate Night in America" graphic that rotated to the #cnndebate hashtag; a "Live CNN" logo; and as an added bonus, a split screen of two candidates vying for the nation's highest office.

But the most addictive armchair pundit navigation tool was the graph on the bottom of the screen that tracked a group of undecided voters' impressions of the candidate's words in real-time. This window's horizontal baseline served as neutral against men's opinions (conveyed by a moving green line) and women's opinions (a yellow line). If the "undecideds" liked what they heard, the line went above the baseline; if they didn't like, it dropped below. Stashed in a CNN greenroom was a sampling of the debate state's protected species of undecided voters - the seeming arbiters of this presidential election. The on air result: a pair of gendered EKGs predicting each candidate's fitness for the Oval Office.

Audience Reaction in Real Time

This research technique is called dial testing and it works quite simply. While watching a film, ad or speech, a focus group viewer turns the dial to the right if they like what they see and to the left if they don't. The respondents' attitudes are merged into a single line for each group - in this case, of men and women. (Why did CNN parse the focus groups by gender and not by age or some other dyad? Because the gender wars are intrinsically theatrical and offer more lift to ratings.)

Dial testing stories, messages and people is used widely in entertainment, advertising, and messaging. It's how film directors and TV producers know where to insert explosions and car chases to satisfy men or determine the optimal anticipation before the inevitable kiss to make women happy. It's why scenes end up on the cutting room floor and why some film endings are disappointingly Hollywood. It also helps advertisers know which celebrity, jingle, or tagline their target audiences will respond to best. I've used it to understand audiences' attitudes about dramas and documentaries or to test promotional vehicles. Until recently, it's been a behind-the-scenes weapon of the art persuasion.

Courtesy Nielsen
The 2012 Presidential Candidates Revealed

Now, out from behind the mirrowed glass window, dial testing is becoming a new form of popular media crack.  Though exposed to it professionally for decades, I got strangely addicted to the recent public use of this voyeuristic ideological biorhythm. As a voter, I found it fun to watch during the boring bits of the debate and as a producer and media strategist, I found it revelatory.  A few trends emerged from Florida's guinea pigs in this final 2012 presidential debate:
  • When a candidate presented their platforms and beliefs with words of hope and empathy, both men and women responded favorably, with women registering highest.
  • When candidates talked about boosting the economy or creating jobs, the lines peaked, underscoring Americans' most top-of-mind issue.
  •  When the candidates talked tough about military or political enemies, the men reacted most favorably. 

None of this is too surprising, but one result was fascinating:
  • When either candidate bashed their opponent's position on an issue, both the men and women's lines plummeted instantly. It happened every time, no matter the subject, and no matter how positive the previous reaction was to the candidate's platform on that issue.

It seems audiences don't like "trash talk." It makes us viscerally uncomfortable, perhaps because of evolutionarily rooted rubrics of kinship or perhaps because refrains of "doing unto others" from Mom echo in the back of our minds.

Still, we find it infinitely entertaining. To wit, Jerry Springer. It's prevalent in every presidential election and it survives for a reason. We know that candidate (brand) differentiation is essential to signaling value. And, as we learned from Dukakis' failed presidential bid, if you don't defend yourself when attacked, you're cooked. So the slugfest continues, but it puts in stark reveal the conflict between these two campaign messaging truths: negative advertising doesn't work, but if you don't do it you might be even worse off.

Horses, Bayonets and Stephen Colbert

The CNN focus group results from this week's Florida debate disclosed there's a sweet spot between attack dog assault and mamby pamby correction. What do we remember from this week's debate? What stands Obama's sarcastic rejoinder to Romney's plaints of the U.S. having fewer battleships than in 1916, where he points out that we also have fewer horses and bayonets, and now we have "ships that go under water, nuclear submarines."

A direct attack on his opponent's grasp of military strategy, yet the men and women's reaction lines remained well above the baseline, sometimes peaking. Obama used wit, timing, sarcasm and a dose of condescension to annihilate his opponent. And he delivered his zingers in a relaxed and commanding manner without turning off the audience. Quite simply, he did a "Stephen Colbert." Obama's satiric response leveraged the currency of social media to become a memorable cultural meme for who Obama is and who Romney isn't. Whether one comment's afterlife is enough to get him reelected remains to be seen.

According to the squiggly lines from Florida's undecided voters across the entire debate, Obama will win. If so, maybe dial testing will become the new polling.

Dial Test Your Own Life

This glimpse into people's genuine perceptions made me wonder what my audience reaction lines would look like when I'm pitching media projects to broadcasters and producers, lecturing my college transmedia class, laying out weekend plans for my husband, or reminding my son all he must do to before he can play the Wii. I fear there would be a lot more valleys than peaks. If we could see people's feedback in real time, imagine how much we'd learn about how people truly perceive us. If a conversation goes badly, you could make a mid course correction until your lines soar or do a "Colbert" to satirize your way out of conflict.  (Surely there's a SNL skit in this idea).

Sounds great in theory, but I wonder whether we want that much truth in our lives. It's so much nicer to just assume you're brilliant, respected, engaging, and affable - while your audience's eyes glaze over.

Readers: how would you use dial testing in your life?