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Having a better brand is better than having a better product

Posted on: November 22nd, 2017 by The Moderator No Comments

The Octagon: Hi Guys, Please introduce yourselves.

Eugene: Hi guys. My name is Eugene. I’m a Creative Director for Gr8an, A Trellis Group Company. I’m an avid consumer of Speculative Fiction, sci-fi and fantasy, with an unhealthy obsession for time management and process optimization. I read, write and design. Nice to meet you.

Adaora M.D: I’m Adaora MD – Creative Industrialist and Dreamterpreter. Undercover Singer/Songwriter/Rapper. Very very undercover. Passionate about People and Purpose.

Akinlabi: Hi, I am Akinlabi Akinbulumo, but you can call me the Phisha. My most prized possession is a hook because with it I am able to fish all that I need and win all whom I need.

Damola: Hello, I’m Damola Adepetun, a project manager, an underground pencil artist whose alter ego is called Darmani. I’m passionate about helping solve problems, especially for people who are looking for direction and purpose. Also avid Manchester United fan.

Dele: Hi, I’m Dele Anjorin. A juggernaut for anything that ignites a happy soul. Wear a smile and you get me!

Valentine: Hi, I am Valentine. You can call me Val for short. A communication expert, an avid people’s person, I like to relate with people’s mind to get the best thought from them. My mind is my most prized asset.

Tomisin: Hello guys. I’m Tomisin…prefer to be spelt as “Tomisyn”. An Art Director for Gr8an, A Trellis Group Company. Low-key painter, Jazz lover. Inspired by little things.

The Octagon: Awesome introductions. We’ve got 52minutes. I’ll be moderating the conversation. However, we will just let it flow naturally. There’s no right or wrong, just opinions. Our topic for today is; “Having a Better Brand is Better than having a Better product.” Discuss.

Valentine: I will liken a brand to a hen and the product as its egg… the quality of the brand is revealed in the kind of product it delivers. If your brand is good it is revealed by the product you deliver.

Adaora M.D: In my opinion, the ideal thing would be to have both. But If I had to choose, I’d pick having a better brand. No doubt the product is super important, in fact it is crucial to the Brand Perception. However, it is not the only variable that determines brand position.

Akinlabi: I totally agree with the statement simply because I have come to learn that people buy into extensions of themselves. They buy into or buy things that better enhance their personal stories and journeys. This means that your promise is defined first and that any product you develop only ensures that you keep that promise.

Damola: I’m going to go a bit left and pick having the better product over a better brand. The reasoning is that, having the better product ensures you deliver on your brand promise every time.

Eugene: Hmmm. I wouldn’t necessarily say that having a better brand is better than a good product because in the end if the product is subpar it will reflect on the brand, however, a good brand allows you to get away with a less than good product… For a while.

Adaora M.D: What if you have a good product and bad customer service?

Dele: I’d go with having a good brand is better than having a good product. There are different variables here.  Because a fruit is bad doesn’t mean the tree isn’t good.

Adaora M.D: I understand your reasoning. However, let me ask a Question. Is Nike a Better product than Reebok or Adidas?

Akinlabi: I disagree. A good brand will ensure you have a good product. And a good product isn’t about having the best specifications. It is about meeting the people’s needs. It is about understanding who you exist for and what you can develop to help them be themselves more.

Valentine: Some people have promise they intentionally created and some have promise they don’t know they accrued due to poor structure. If a brand seeks to have a good product without the need to build on a proper structure they inevitably create a stigma-like promise.

Tomisin: I think a better brand would stand the test of time but the product might not if it doesn’t reflect the brand promise.

Eugene: I think a lot of people are under the perception that brand translates to product and vice-versa. While a product might be under a brand, a brand is not necessarily limited to its product.

Dele: A product is sure a reflection of the brand promise. But it doesn’t sum up the totality of the brand

Adaora M.D: I think the term “better product” is relative to the perception of the person consuming the product. E.g. We have probably all tasted various types of Chocolates that are amazing, but somehow Cadbury stays top of mind In their market. Same with Coca Cola, they all taste the same really, but Coca Cola has managed to keep majority of the market share.

Akinlabi: True!

Dele: I agree

Damola: Ok let’s assume the customer service isn’t great, for context I’ll use Nigerian eateries for instance, if the good products meets the need of the person, with albeit subpar customer service satisfaction from having a consistently good product can over ride having a great message but having to apologize for products that don’t work most of the time. My case in point is Dominos vs Debonairs. Dominos has a way stronger brand here but Debonairs is just better pizza. People would forget a customer service scuffle for an amazing slice. I’m also assuming the product involves delivery and other components as well as being “better” not just the client facing.

Adaora M.D: Personally, I don’t think Nike has the better product. However, they have a Solid brand and have built a perception in the mind of consumers that they are the better product

Akinlabi: THIS!

Eugene: Better would be a very subjective term with regards products among the brands you’ve mentioned. Who determines what “better” is. Or rather what is the criteria for measuring better?

Adaora M.D: Exactly. It’s all down to perception ala Brand

Eugene: Yeah, that’s what I mean. Subjective.

Dele: Better is relative. So is luxury

Valentine: A brand may not be limited to its product but it shapes the mind of its customers towards it. We must understand that the product is a voice which the brand uses to communicates its promises to its consumers.

Adaora M.D: Valid Point Damola. Very Valid

Akinlabi: This is a great example. But I don’t think that dominos has a stronger brand. What they might have is a stronger Brand presence which comes from their awareness campaigns and locations.

Tomisin: It’s all about what the customer perceives the brand to be, not what the brand says it is.

Damola: However while they have a stronger brand they also have a good product which is at par or not too far off from their competitors. Cases where the disparity between the brand and the product are too wide wouldn’t stand the test of time. Ultimately the product would have to be changed to save the brand. Same with Nike

Adaora M.D: Hahahhaa. Love this. It reminds me of when a Client says, “Your fee is expensive”. A fee that other people pay without blinking.  The fee isn’t expensive, the client just can’t afford it. 2 separate things.

Damola: A case in point was how Nike needed the air Jordan 3 shoes, with Jordan’s performance that night to save the brand. According to the Tinker man anyway.

Tomisin: It’s all about brand presence and promise

Damola: So how do you fulfil the promise without the product or good service at least?

Adaora M.D: Absolutely, but here’s the thing. The reason the company still had any strength in the market post the product failure is because of Their Brand.  Their market knew they would bounce back, or at least expected it.

Damola: Hmm okay so the better brand is a necessary buffer to allow the product to be improved but only a better product is not enough collateral?

Eugene: So basically, the brand is the foundation. The products and services are the bricks that build the house. If the foundation is solid, even in the worst conditions, the majority of the structure stays intact. And if it doesn’t, you don’t have to start from scratch.

Adaora M.D: THIS! Awesome Analogy. I most definitely think Product is super important. Saying its unimportant is pretty much saying, Death to Value Creation. And I’m a huge proponent of Value. But I don’t think a Product can be successful in isolation of the brand. As Akinlabi said, People definitely buy into people.

Eugene: I’m thinking the same thing.

Adaora M.D: You can have 3 people selling the same quality product in the market, eg. Tomato Sellers. But you’ll always go to your “Customer” because they are doing something different. Even though they’re all selling the same Tomatoes o.

Damola: Haha this is where you have a strong point. There’s brand trust even if the others may be better

Dele: “Water” is one of the best brands in the world. It gives life. But that doesn’t mean you drink all. And it still doesn’t negate the fact that it’s acceptable globally.

Tomisin: The perception of a product to a consumer is determined by how the brand has decided to “package” the durability, usage and excellence of the brand product for the consumer to naturally enjoy. If they (the brand) fail in that aspect, it would be difficult to prove a point meanwhile another competing brand is already there to steal the show with a better perception creation.

Adaora M.D: Ok. Let’s diversify the convo a bit.  Question for you guys. Using the tomato seller scenario I just shared….How do you guys personally pick who you buy from?

Eugene: It’s a tightrope walk!

Damola: What if the product isn’t sorted and the better brand perception loses out

Eugene: Product and service. I might suffer a bad fruit for a friendly seller. Within reason of course

Dele: Trust.

Akinlabi: True

Adaora M.D: How about Price? Would you let your pocket suffer for a brand you trust? E.g. If your customers price is higher than his competitors? Would you still patronize him?

Damola: There’s a strong trust component here but it’s finite. While I trust my electrician, or tomato seller. I have a finite amount of times when I get disappointed I seek better service or product from somewhere else.

Tomisin: Ahhh. Lol. If I’m certain about the product’s durability, surely I will.

Adaora M.D: Disclaimer: I’m using the term Customer here…the Nigerian way o. It’s actually Seller

Damola: Certainly not in all cases – if my relationship can’t sway him to bring his price down and there’s a competitor offering the same level or lower price, I’m switching.

Dele: If the service is top-notch why not.

Valentine: I generally would move towards a cheaper product.

Damola: I’m not the most loyal customer though.

Akinlabi: Relationship!!!!!!!!!

Damola: Isn’t service part of the product? Or are we calling that brand as well.

Akinlabi: I would place delivery….service as part of the brand.

Valentine: I like cheap things sha.

Dele: Lol

Akinlabi: After the first purchase…. we make a connection that I don’t want to lose or change

Eugene: Sometimes, yes. There are products I’d rather have no doubts about regardless of the price.

Adaora M.D: Hmmm. Interesting. Personally, I won’t switch to someone I cannot trust. Would rather stay with someone I trust even if their price increases.

Valentine: But relationship should influence cost, or I think it should.

Adaora M.D: I think that’s where False Economies of scale sets in

Eugene: If you’re limiting it to Tomato sellers. Spar won’t care about your relationship. Well, I guess that’s what loyalty packages are for?

Dele: Sure it is. Which is why I’ll still go with the customer. Brand loyalty can’t be an oversight over time when the brand is stays true to its promise.

#TheOctagonYouthSpeak on NYSC

Posted on: November 21st, 2016 by The Moderator No Comments

Welcome To The Octagon. 

We appreciate you taking time out to Join this Chat Session which will end in 1 Hour. We have two moderators in the room who will only offer guidance where necessary. Please feel free to openly share your thoughts and experiences.

Let’s begin with some introductions before going into the discussion. Can everyone let us know who they are and share a bit about what they do ? 

Thank You.

Ini: Hi guys, my name is IniOluwa and I am a passionate person focused on community development and nation building.

Ayo: Hello everyone, I’m AyoOluwa, a Medical doctor and I just finished youth service.

Ayotemide:Hello everyone, I’m Ayotemide. I’m a Medical doctor and writer. I just completed NYSC.

Adewale: Hello everyone,I’m Adewale. I’m an MC and kiddies event planner. I’m a Student of the university of Lagos.

Igbinoba: Hello, I’m Igbinoba Osaro. I’m a law student of university of lagos. I specialize in ankara crafting, and I’m the legal secretary of Terranexus.

Oyin: Hi I am Oyinlola Olawale… I am studying quantity surveying in the University of Lagos.

The Octagon: Thanks for the introductions.

The National Youth Service Corps (NYSC) is an organization set up by the Nigerian government to involve the country’s graduates in the development of the country. There is no military conscription in Nigeria, but since 1973 graduates of universities and later polytechnics have been required to take part in the National Youth Service Corps program for one year. This is known as national service year.

NYSC has been met with criticism from Corpers, most of whom believe that the program is a waste of time, and does not fulfill it’s promises.

Question 1 : In your opinion, does NYSC offer any benefits ? If yes, what are the benefits?

Question 2: What are some of the De-merits of the program ?

Ini: I can’t speak of any benefit, and most of my friends who have participated in the scheme have nothing positive to show for it except a certificate that says “You’re now fully employable”. As for demerits, there are a couple I can mention off the top of my head – Squandering of the youth power and potential. You are forced to leave a lucrative and hard-fought job, abandoning your brainchild, small business that is adding value to you personally and your community. The reason why we have very good theoretical minds, wonderful policy makers and strategists, but so few implementors and technocrats. A massive waste of human resources.

Igbinoba: I believe NYSC should be scrapped, because it has lost its value and purpose in Nigeria. Government should channel the money to developing society.

Ayotemide: I feel NYSC has some benefits. The highlight of the experience for me was meeting new people, and being exposed to a whole new culture. It helped me understand some important reasons why health is still so bad in Nigeria. But the programme does not provide valuable work experience for an individual’s career path and it does not effectively utilize an individual’s knowledge and skill set. For example, it is quite painful that an engineer or lawyer is forced to teach, when he can use his knowledge and skill set to do something that he/she is more interested in doing.

I also had a few friends who had to abandon their start up businesses back home for the sake of NYSC and it was not a good move for them.

Another issue I have with this scheme is the substandard services provided, like the uniforms, feeding, and the ridiculously meagre amount of money paid as transport allowance. What message does this send to Nigeria’s youth? It’s as though there’s no standard of excellence to look up to anymore. Things are done anyhow, and we’re expected to accept this as the norm.

Oyin: There are no benefits I can think of, except the fact that some people use the one year experience to build their CV. My colleague at work Is currently serving at a popular construction firm, which defeats the whole purpose and aim of the NYSC. What’s worse, you’re unemployable for a year. I think like everything in Nigeria, corruption has affected NYSC.

Ayo: The NYSC scheme offers tremendous benefits. For one, It offers a medium where young adults are forced to think about others and not themselves, creating opportunities to really serve and at the same time make new friends you would otherwise not have met, basically increasing network. I think the initial plan for the scheme was fantastic, but over the years NYSC has become, not something to be enjoyed or a learning process, but somewhat of a punishment because it was allowed to just become a routine without value being imparted. I think that it should be remodelled to fit into now, as what was initially planned isn’t working anymore.

Adewale: I think I concur with this thought to an extent – Yes it creates a platform for meeting people, and learning a different culture. However, it has a larger demerit – I feel it has become something of Zero importance in Nigeria. Why should a lawyer and engineer start teaching, after learning in school instead of experimenting what he or she has learnt ?

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