Download PDF - Strategy
Download PDF - Strategy
Download PDF - Strategy
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
PHOTO BY PAUL PERRIER<br />
VP marketing<br />
Andrew Barrett<br />
and president/CEO<br />
William Cho have<br />
found a match for<br />
the brand in fashion<br />
GLOBAL STYLESETTERS<br />
Life has been good for LG Canada lately. In Q3 of last year, seven years after arriving in Canada, brand<br />
awareness for the South Korean manufacturer of glossy red steam washers, sleek HD LCD televisions,<br />
condo-friendly fridges and status-symbol cellphones jumped to 40% from 27% the year before. This<br />
jump (compared to three points in the U.S.) can be largely attributed to new president and CEO William<br />
Cho, who immediately set about shifting the subsidiary’s focus from manufacturing and sales to<br />
marketing after he joined in January 2006. By Carey Toane<br />
With 21 years’ experience at LG in Europe<br />
and the U.S. under his belt, Cho wants to<br />
make LG Canada’s number one electronics<br />
company by 2010. To that end, he has set<br />
ambitious annual growth targets of 30% and<br />
a revenue target of $1.1 billion for 2008, up<br />
from $900 million in 2007.<br />
Big carrots call for big sticks, and Cho, who<br />
received a global LG Man of the Year award<br />
for driving six-fold growth in appliances over<br />
two years in Germany, wields an integrated<br />
marketing approach that takes its lead from<br />
consumer insights. To realize his vision, he<br />
wooed VP marketing Andrew Barrett from JWT<br />
in October 2006. Barrett, who brings local<br />
experience from Molson and P&G, has since<br />
grown the marketing team from nine to 16, and<br />
will add another nine by the end of the year.<br />
Their signature play is eye-catching visibility<br />
via unique events, mass advertising and web<br />
initiatives as well as marketplace ubiquity, as<br />
they leverage their products’ stylish design<br />
and energy efficiency in retail partners’<br />
efforts. Programs catering global campaigns<br />
to local markets run across every consumer<br />
touchpoint. “Prior to a year and a half ago, we<br />
would have bits of marketing here and there,<br />
none of which looked the same,” says Barrett.<br />
And it happened fast. Four weeks after<br />
joining LG, Barrett launched the Chocolate<br />
phone in Canada, “our first attempt to reorient<br />
the whole company’s approach on marketing.”<br />
In the process, LG Canada blazed a trail on<br />
the branding front for LG global.<br />
The starting point for Chocolate was an<br />
insight into consumer behaviour, namely the<br />
���� ����<br />
“Bragging Bob” type who needs to have the<br />
it-phone, whether or not he uses its advanced<br />
features – an attitude also applicable to his<br />
female counterpart, “Social Sally.” This led<br />
to a new positioning for LG as the brand for<br />
“style-conscious Canadians fascinated by<br />
technology,” which in turn suggested a natural<br />
messaging link with the world of fashion.<br />
The campaign began with a buzz-building<br />
exercise in bars and restaurants in Toronto<br />
to identify brand ambassadors, who received<br />
invitations to the product launch, a fashion<br />
show at the Windsor Arms hotel. Post-show,<br />
the same nightspots were dominated with<br />
Chocolate materials created by LG AOR Y&R’s<br />
Toronto office, reinforcing the LG buzz brought<br />
back by the select few. The initial launch was<br />
followed by three more PR-worthy events,<br />
www.strategymag.com STRATEGY April 2008 15