I'm not a builder of buildings, I'm a builder of collections.
Leonard LauderRead
Power is winning the battle over who owns the customer: the brand or the retailer.
Interpretation
What this quote means
The control over customer loyalty is a critical factor between brands and retailers.
This quote emphasizes the significance of brand allegiance in the marketplace. It suggests that the power dynamics between brands and retailers are defined by who can secure customer loyalty and ownership of the customer's preferences and spending. In an era where consumers have numerous choices, the struggle for influencing consumer behavior becomes essential for both brands and retailers to establish dominance in the market.
Themes
PowerCustomerBrandRetailerOwnership
In practice
Example use cases
This quote can be used in a marketing seminar to highlight the importance of customer loyalty.
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To be a great leader, you firstly have to like people. If you don't like people, at the end of the day they will figure this out and you can't lead them too well.
Leonard LauderRead
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