[MUSIC] Peter Drucker who was voted as the Management Thinker of the Century had a saying which said, the customer rarely buys what the business thinks it sells him. Many brands don't actually know what they're selling and to get to the core purpose of the brand really means to understand the core driver of your customer's behavior. So let me give you a couple of other examples in addition to Pampers. From different sectors. The next one is actually from financial services, and this is a story about Ameriprise. Ameriprise is a financial planner in the United States, and they deal with things like pension products, for example. And their target customer are the wealthy Baby Boomers, so this is a very wealthy clientele, and the first research they did with them, it was really to understand what retirement means to these wealthy Baby Boomers. And when they asked them, they got these traditional notions of retirement back. Two people on a porch, looking at the sunset. They could enjoy the later years of their lives together. But, it didn't quite smell right. It didn't quite smell right, and they realized they were doing the research in the wrong way. And, to get to the core sort of purpose of the brand, you really have to sometimes get to the more emotional side of customers and using language is often not that easy. In this case they did, but they asked the question slightly differently. They simply asked them to keep on projecting themselves into the future. From where they are now into the future and when they did that they realized that customers were not worried about their retirement in any sense. What they had were big dreams. They wanted to start a business when the traditional time of retirement came or they wanted to go back to school. Or they wanted to give back to society in terms of philanthropy or they wanted to travel the world. Now, that was a deep customer insight and it really changed everything that Ameriprise did. It changed their products because most of the products in the space are annuities, they kick in when you retire traditionally maybe around 65 and then you get a steady payment over time. But these big dreams, did not have the format of a steady payment over time. They came with a a big payment at the moment of retirement. So they had to invent products. They also had to change the way the financial wealth planners interacted with these customers. They were not used to speaking to their customers about their dreams. So they created this thing called a dream book, where the customers, typically a couple, could fill out their dreams into the future, which then provided a basis for the financial planner to engage with their customers. Very powerful change for them. And I'll end with a quick example. In business-to-business we often forget that customers are not buying products. They're buying solutions, and that's been a big shift in business for many years. And I'll give you one example, which is Hilti. Where their business is fundamentally changed from selling tools, like drills and other power tools, to actually managing the tools for the customers. The customers, not only weren't they buying tools, but solutions. They also didn't want these tools to sit on their balance sheet. They didn't know how to manage these tools and, Hilty, because they provided these tools to so many customers, could invent different solutions, different services around this notion of tools for hire. So fundamentally changed the business model of Hilty and provide a deeper and more purposeful value to customers. So if you think of brand purpose it starts with deep customer insight and it then means building a business around that deep customer insight that provides better value to customers. And on a final note I should say when your employees understand the purpose you're engaged in, they're also more motivated. A deep purpose motivates your employees to be more productive, more engaged, and to provide more value to your customers. This has been shown in study after study. Just as a couple of examples, Metronic invites in patients for the company's holiday parties, where patients talk about the difference their technology has made into affecting their lives, into saving their lives. John Deere brings in farmers into their factories where they talk to, they call this a golden key experience, where these farmers have tours of the factory and the employees on the assembly line learn about the difference they have made in these farmers lives. All of this has been shown to fuel productivity far more than any inspirational kind of speech that might have been given by the CO. So the brand purpose, is what connects the brand to the customer, but it also connects the employees to the customer, through the brand [MUSIC]