MAL 13/16 | Page 66

POSITIONING POSITIONING: A COMPANY’S PIVOT POINT By Spencer Okach A basketball player can move around freely in a complete circle, as long as he keeps one foot firmly planted in place; a company can move in a number of new directions, as long as it stays true, and doesn’t move from their pivot point. “In the world, there’s trust. I think as humans we fundamentally parse the world through the people and relationships we have around us. ‘‘ basketball player can move around freely in a complete circle, as long as he keeps one foot firmly planted in place; a company can move in a number of new directions, as long as it stays true, and doesn’t move from their pivot point. ” 64 MAL 13/16 ISSUE So at its core, what we’re trying to do is map out all of those trust relationships, which you can call, colloquially, most of the time, friendships” Mark Zuckenberg. These words by Facebook founder are similar thoughts shared by leading companies anywhere in the world. They have always built their companies from a different point of view; and not necessarily a better point of view (POV). Leaders of well-known businesses take positioning seriously. They make a choice to be different, purposely positioning their companies to create or disrupt a very big market category. They know the real power of marketing is to catapult the company into a dominant, defendable position in a hot category. That’s how they achieve higher growth rates, margins and market caps (valuations) than their competitors. To determine your positioning, you must know your pivot point. You cannot build a dominant, defendable market position by playing the same game as your large incumbent competitors. You have to change the agenda in the market to give yourself a fighting window. Market your Pivot, not your Company or Product A company’s pivot point (not product) is the defining attribute, the central theme, around which everything revolves. Just like the basketball player. By aligning with position vs a product, you can expand and grow your company in new directions. Nike’s affirmative “Just Do It,” captured the essence of their brand message, and created a committed fan base that buys everything from sunglasses and shorts to watches and golf balls. Not bad for a running shoe company. Volvo could easily market a child car seat with their reputation for safety. Only when they believe in the what, will they buy your how. Said a different way, if you want people to buy Bibles, first they have to be Christians.