True Marketing Doesn't Just Sell the Story†

To Achieve Top-Line Growth, CMOs Must Design New Businesses

Advertising Age, September 2, 2009 — As the global economy emerges from recession, regardless of when or how quickly, the focus in the executive suite is already shifting from cost cutting to recovering top-line growth. What role can the CMO play? If CMOs are truly to be growth champions for their corporations, they can't simply rely on traditional marketing and brand-building techniques.

In nearly a decade of research, my colleagues and I have found that established companies increasingly are successfully building new businesses on a repeated basis, a process we call corporate entrepreneurship. Marketing — true marketing, not just selling the story but helping create it — must play a central role. True marketing is about understanding current and potential customers better than anyone... continue reading

Mr. Clean Takes Car-Wash Gig†

Procter & Gamble Expands Into Franchising in Its Pursuit of New Areas for Growth

Wall Street Journal, February 5, 2009 — The giant manufacturer of household staples including Pampers diapers, Crest toothpaste and Gillette razors is forging a new business model: franchising car washes.

To jump-start plans for a nationwide chain of Mr. Clean Car Wash franchises, P&G in December acquired the franchise assets of Atlanta-based Carnett's Car Wash, which has 14 locations.

"We need to look for new opportunities to allow us to grow," says Bruce Brown, P&G's chief technology officer. "That isn't limited to things within our current business model."