Barry Judge // Updates from the CMO of Best Buy

Posts Tagged ‘Branding’

Best Buy Holiday Advertising – “True Stories” Rough Cuts V2

Note: I am now able to publish this post, originally posted 10 days ago.  At the time, we did not have the proper music releases for the Holiday TV spots. These have now been secured for three of them. The following is my original post followed by the now released Holiday TV spots.

As everyone is painfully aware, this Holiday selling period will be unlike any of us have ever experienced. It’s going to be tough and for that reason alone we have been sharpening more than ever our message and media plan to reflect the economic reality.

This Holiday season the intent for our communication messaging is to convey three important ideas (at least we think they are important) .  One, you can trust us to always have your best interests in mind. Two, we have a unique take on how technology and entertainment can make your life better and finally, you can always expect to find great prices. Ultimately our expectation is that, you walk out of the store happier, than when you came in.

Best Buy Brand SWOT Analysis – Using Open Principles Test

Ok, here is another Best Buy marketing experiment for whomever would like to participate. All with a point of view are invited whether you work for Best Buy or not. I don’t whether this will work or not but thought I would give it a shot and see what comes of it and am interested in what people think of the process.

We working through developing our annual plan and part of that process is to assess opportunities in the product categories and services we sell today and what we could do in the future to drive growth. We are utilizing a SWOT (Strengths, Weaknesses, Opportunities, Threats) and are looking for comments, suggestions, etc. We are hoping that by having an open forum as part of this process that Best Buy can leverage a more diverse set of experiences and opinions to become more relevant to our customers.

Best Buy’s Silver Bullet

I have been with Best Buy for almost 9 years.  In that time, I have been part of massive change inside the company as we seem to be in a continual state of evolution in our drive to meet consumer needs better than any of our competitors.  When I started with the company, Wal*Mart had not entered the Consumer Electronics business and the Internet was all promise but little substance. Best Buy’s brand was about great selection and low prices and that was more than enough to best Circuit City and the small specialty retailers sprinkled across the country. About 5 years ago, we saw the day coming when our Brand would have to be about more than selection and value to maintain its relevance.   As consumers began to want more from the technology they used in their lives while at the same time all of this stuff was getting more complex to set up, integrate and keep running, we made the bet that our people in the store, the Best Buy Blue Shirts,  would become our key differentiator. This bet kicked off a massive re-engineering of our company around ensuring that our Blue Shirt community had the tools necessary to deliver a dramatically better consumer experience.