It's About People, Stupid....
Marketers can learn a lot from the global financial crisis, and even more from the US banks and financial groups that fed into this perfect storm of fiscal foolishness. The paradigm shift the US banks, and its global counterparts, enter changed the foundation of lending. Rather than lend to people, and their relative incomes and abilities to service a loan they began to invest in the future equity of the property. In other words they moved from believing in the value of people to believing in value of a property; or perhaps better stated the speculative value of an inanimate object.
For a while it worked. And as we all know if it’s working and making money it can’t be wrong. This same philosophy drives Hollywood and why we are subjected to the reality TV phenomena. The problem is that the premise is fundamentally flawed and, well, just plain bad business. Rather than stop it and turn off the profit pipeline, the banks tried to fix it with complex risk mitigation schemes; but as we have learned-- lipstick on pig...
The lesson for marketers is simple; market to people. Whether it’s a business-to-consumer or business-to-business campaign, marketing communications in all its permutations is about people. A brand is a promise and you cannot make a promise to an inanimate object.
Financial markets enjoy a cyclical nature, what goes down must come up. Marketers do not have the luxury of time. Once we make the wrong investment choice, we lose the business for good. Do it too many times and we are out of business. Choose wisely, invest your brand, and brand communications, in people.

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