Let’s say you’re at a networking event and someone steps in the elevator with you, notices your nametag, and asks, “So what do you guys do?” Quick–what’s your answer? You’ve got just 30 seconds before the doors open so you’d better think fast.

In many ways an Elevator Pitch is shorthand for what your brand stands for. It’s your one-shot opportunity to be different and present yourself in a compelling and memorable way. For most business owners, getting to the crux of what you really do is the hardest, yet potentially most rewarding, one-minute conversation you could ever have.

So what is an Elevator Pitch?

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Comments (4) | | Digg This | Save to Del.icio.us | Posted by: Jon

Tags: @ThinkTank_, Advertising, Brand Positioning, Branding, Cork, differentiation, Elevator Pitch, Entrepreneurs, Ireland, Jonathan Amm, Marketing, Start-ups, Strategy, ThinkTank, Twitter, Value Proposition, www.think-tank.ie

Many SME’s recognise the importance of mapping out a future strategic direction for their business and acknowledge the need to become more structured in their approach, however, very often, business owners just don’t know how to start or where to begin. Without a clearly mapped out destination point for a business, its form becomes too malleable, shaped by the vagaries of an eternally changing environment, leaving the business a hostage to fortune. A business owner could learn a few lessons from Sarah Connor, the heroine of the Terminator franchise. A warrior, who challenges accepted wisdom, carves out a new path and in so doing rewrites the future. ThinkTank channels this wisdom as we highlight;

1. What is Strategic Planning Exactly?
2. How can businesses benefit from Strategic Planning?
3. How should a business prepare for the Strategic Planning Process?
4. Once the Planning team is selected, how does Strategic Planning work?

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Comments (2) | | Digg This | Save to Del.icio.us | Posted by: Lisa

Tags: @TTStrategy, CMO, Entrepreneurs, Leadership, Lisa Murphy, Management, Marketing, SMEs, Startups, Strategic Planning, Strategy

“Out there in some garage is an entrepreneur who’s forging a bullet with your company’s name on it,” Gary Hamel, a leading business strategy writer and consultant, has written. “You’ve got one option now — to shoot first. You’ve got to out-innovate the innovators.”

Unfortunately most organizations have an in built defence mechanism against new ideas. People don’t like change so immediately find reasons why ideas should not be considered. The problem is that if you don’t start anticipating the future you could be run over by it.

Many SME’s would acknowledge that they need to become more innovative but just don’t know how to start or where to begin. ThinkTank sat down to map out 4 practical ways SME’s  can generate ideas, capture insights and successfully implement a game changing innovation strategy.

1. Make innovation a priority

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Comments (1) | | Digg This | Save to Del.icio.us | Posted by: Jon

Tags: @ThinkTank_, Business Consulting, Creativity, Design Thinking, Entrepreneurs, Innovation, Jonathan Amm, Marketing, Organizational Change, Start-ups, Strategy, ThinkTank

Strong brands have once again proven their resilience in the recession in Millard Brown’s 5th annual ranking of the world’s top 100 brands. At a time when most key financial indicators plummeted, the value of the top 100 brands rose by 4%  in the last year to more than $2 trillion – a 40% increase over the last 5 years. In the wake of the recession, more brands have realized that they need to maintain and even increase their marketing spend to support brand loyalty and engagement. As Millard Brown Optimor’s Research Unit comments:

“Strong brands have the power to create business value. They impact much more than revenues and profit margins. Strong brands create competitive advantages by commanding a price premium and decrease the cost of entry into new markets and categories. They reduce business risk and help attract and retain talented staff.”

The Top 10 Most Valuable Brands are:

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Tags: @ThinkTank_, Advertising, Brands, CMO, Jonathan Amm, Marketing, Research, Top 100 brands, Twitter