It is not enough to have a talented designer; the management must be inspired too. The creative process is very disorganised; the production process has to be very rational.
Bernard ArnaultRead
Mastering the paradox of star brands is very difficult and rare - fortunately.
Interpretation
Creating and maintaining a strong brand that stands out in the market is both challenging and uncommon.
This quote by Bernard Arnault emphasizes the complexity and rarity associated with building a successful brand that has a lasting impact. The term 'star brands' refers to those exceptional brands that not only capture consumer attention but also foster a strong emotional connection, making them difficult to master due to the intricacies of market dynamics and consumer behavior.
In practice
In a marketing seminar to emphasize the importance of strong branding.
It is not enough to have a talented designer; the management must be inspired too. The creative process is very disorganised; the production process has to be very rational.
I think in business, you have to learn to be patient. Maybe I'm not very patient myself. But I think that I've learned the most is be able to wait for something and get it when it's the right time.
When you are on the management side, you still have to understand the artistic sensibility so that there is a dialogue with the creative side.
What made Louis Vuitton famous was the quality. We don't do marketing; we just create products which are exceptional in their design and craftsmanship.
It's very important that when you have a designer like Marc Jacobs, who is a genius, you give him complete freedom.
If you're competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.
Poor firms ignore their competitors; average firms copy their competitors; winning firms lead their competitors.
You say: "I'm a blue sky thinker." Investor thinks: "You have no business model, and you don't know how to ship."
People are the core of every business. Businesses are based on relationships, and relationships are based on people. I would go to an average restaurant run by amazing people over an outstanding restaurant run by awful people.
The best start-ups might be considered slightly less extreme kinds of cults. The biggest difference is that cults tend to be fanatically wrong about something important. People at a successful start-up are fanatically right about something those outside it have missed.
Unless you have tested the assumptions in your business model first, outside the building, your business plan is just creative writing.
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