90% Rule

The trail of clown-faced shopping bags

The trail of clown-faced shopping bags

As a young boy and a new comer to Canada living south of Mirvish Village, I remember following the trail of shoppers coming down Markham Street with their clown faced shopping bags, and was lead to the ultimate Toronto shopping experience – Honest Ed’s. Honest Ed’s featured value priced products and merchandize in a kitschy and nostalgic circus theme with a huge sign encompassing an entire city block made up of about 23,000 light bulbs and catchy slogans such as, “Come in and get lost!” and “Only the floors are crooked!” The inside of the store reminds us of a time before the giant big-box stores moved in, with its vintage bargain-basement type feel. The retailer gained fame for its marketing stunts, including loss leader specials, free turkey giveaways before holidays and extravagant yearly street parties for founder, Ed Mirvish’s, birthday.

After 63 years, Honest Ed’s is more than a store; it’s a well established and successful brand. Its architecture brings together vision, voice and benefits that together provide the inspiration and personality of a lasting brand. That is why, year’s later, Honest Ed’s remains memorable, instantly recognizable and has an emotional community-based appeal and relevance.

Successful brands are unique and beyond compare; they are instantly recognizable and build an emotional connection with their customers. A great brand should be distinct, exude personality and resonate loudly with a lucrative set of customers. Simply put, brand is the personification of your product or service, enabling customers to engage and build a relationship with it.

Are your customers still following a trail back to you decades later? If not, make 2012 your first step in building a lasting brand experience to delight your customers.

Innovation Insight: You Don’t Have To Be an Inventor to Be an Innovator

Innovation Insight: You Don’t Have To Be an Inventor to Be an Innovator

One of a series by Ken Tencer, Spyder Works CEO

Many people confuse the words innovator and inventor; they can be synonymous, but they don’t have to be. Some of the world’s most successful and well known innovators aren’t inventors at all; they are masters of the art of taking an idea or concept and making it better. Often, they are able to make good ideas into the best ideas of all time.

Take Steve Jobs, for example. Famous author, Malcom Gladwell, has dubbed him, “The Tweaker” in a recent article he wrote for The New Yorker. Jobs was a masterful innovator because he was able to take the ideas of others and turn them into winning products and concepts. For example, Jobs got the ideas for the main characteristics of the MacIntosh operating system from Xerox PARC, stemming from a famous visit there in 1979. The revolutionary iPad evolved from an engineer at Microsoft’s idea for a tablet computer. His idea made use of a stylus – an old idea that wasn’t revolutionary enough for Jobs. He did away with the stylus and the iPad made history as one of the most coveted devices of its era.

The moral to this innovation story? You don’t have to reinvent the wheel to become an epic success.

Is distance learning innovative or regressive?

Is distance learning innovative or regressive?

I recently had the opportunity to guest lecture at a major university. The topic was new media. In the middle of the lecture, it dawned on me that here I was talking about a trend in media that heightened the opportunities for interaction, communication and discussion … but I was talking to a half-empty lecture hall! The other half of the class was either watching me from home or taping me to watch at some later date when they had a minute (I know this because an exam question was going to be based on my lecture).

Huh?

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