Brand Equity can be defined as the commercial value that derives from consumer perception of the brand name of a particular product or service, in other words, the value premium that a company generates from a product with a recognizable name when compared to a generic equivalent. Think Apple's new iPhone X price starting at $1000 compared to a generic smartphone. The purpose of human life is to serve, and to show compassion and the will to help others. Albert Schweitzer
Steve M. Scheel, CEO of Scheels, and a few associates were recently featured in the Fargo INC! article "HOW TO BUILD A BUSINESS THAT WILL LAST, THE SCHEELS WAY." What does it take to make a 115-year-old company a great place to work and shop? Â Scheels'...
âChoose a job that you love and youâll never work a day in your life.â I think weâve all heard that before. But, I think itâs bullshit. I love cooking, owning restaurants, and working with people every day. But, itâs very difficult at times. Itâs long hours standing on your feet, doing repetitive tasks. Itâs late nights and early mornings. Itâs being behind the scenes. And, itâs a thankless job sometimes. But, itâs something that I truly love. Itâs something that brings me happiness every day and itâs a happiness that I can share.
There is only one valid definition of business purpose: to create a customer. The customer is the foundation of a business and keeps it in existence. He alone gives employment.
We assert that nothing has been accomplished without interest on the part of the actors; andâif interest be called passion, inasmuch as the whole individuality, to the neglect of all other actual or possible interests and claims, is devoted to an object with every fibre of volition, concentration all its desires and powers upon itâwe may affirm absolutely that nothing great in the World has been accomplished without passion.
A great leaderâs courage to fulfill his vision comes from passion, not position.
Beyond what you can observe, powerful and primal brain functions are continuously influencing the behavior of those you lead.
The Art of Brand Strategy is of vital importance to your business. It is a matter of profitability and loss, a road to either safety or to ruin.
A great place to start when establishing core values that stick and resonate is the work of Abraham Maslow.