Wolves, please pull back from Corona's throat. I don't think he meant that statement, in a completely. 'all or nothing' manner. His basic point as I interpret is that, while advertising is important, and marketing is at that core; please do R&D which justifies your marketing claims.
To say that the magazines are not influenced by advertisers is naive. That comes from having an inside the industry perspective. It is just that they (the mags) claim absolute autonomy and that their advertising has no bearing on who gets reviewed and who doesn't. Of course what do we expect them to say. "Hey these guys pay the bills, here is yet another review on their latest greatest." Advertising takes many shapes but has a common thread. "Coke is it" How simple, but look at what that did for Coca Cola (one of many hiundreds of catch phrases, and promos). Of course thay had the funds to repeat it 50 gazillion times, one key to this kind of advertising. The reason perhaps is that they are selling future urine, and a completely disposable piece of goods. But it is, as is most advertising, about imagery. I think giving Corona the benefit of the doubt is fair. Sometimes when the (industry) insiders let the respondants know their real names, everything they say is misconstrued as being self promotional. Albert Von Schweikert responded and was quickly lampooned by a couple of people who seem to thrive on controversy. I for one think as most good business thinkers do, that the delicate balance of Marketing and R&D are the real formula for busines success. Corona was only making this basic point. Of course this is IMHO.
Thanks, and good listening.
Larry R. Staples
To say that the magazines are not influenced by advertisers is naive. That comes from having an inside the industry perspective. It is just that they (the mags) claim absolute autonomy and that their advertising has no bearing on who gets reviewed and who doesn't. Of course what do we expect them to say. "Hey these guys pay the bills, here is yet another review on their latest greatest." Advertising takes many shapes but has a common thread. "Coke is it" How simple, but look at what that did for Coca Cola (one of many hiundreds of catch phrases, and promos). Of course thay had the funds to repeat it 50 gazillion times, one key to this kind of advertising. The reason perhaps is that they are selling future urine, and a completely disposable piece of goods. But it is, as is most advertising, about imagery. I think giving Corona the benefit of the doubt is fair. Sometimes when the (industry) insiders let the respondants know their real names, everything they say is misconstrued as being self promotional. Albert Von Schweikert responded and was quickly lampooned by a couple of people who seem to thrive on controversy. I for one think as most good business thinkers do, that the delicate balance of Marketing and R&D are the real formula for busines success. Corona was only making this basic point. Of course this is IMHO.
Thanks, and good listening.
Larry R. Staples