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A very interesting thought and idea 9 LEE, so here goes my humble
thoughts and ideas:
Assuming that taking them helm at B&O as the CEO means a new board
and fresh blood all over; in other words total dictatorship, and eventually
taking over the world later on that week ;) But first we start to put Bang
& Olufsen back on track where they were in the 70' and 80 ties.
“Good morning
staff. Here’s what we are going to do today, just
before lunch….. “
-We take on the mainstream market to get
volume and profits back up again. Extreme niche markets where customers don’t
care about the price for products will not generate us the volume and profit we
need. That needs to be secondary in order to survive.
- Forget about alarm clocks, light dimmers,
ear set for music players, and what have you. Others are better at that – we
are better at other things. Much better. We need to get back to basic and do
what we are good at. We need innovate again, like we used to do.
- We skip and discontinue the 89 or
something different Beovision’s we have, we forget about plasma, and for the
time being, concentrate of a total of only 4 Beovison lines in the industry
standard screen sizes. We can’t make 100kg TV’s needing 2 men and a mobile
crane to install in a home. All LCD until OLED get’s affordable. Skip 4K TV as
content and Internet infrastructure takes way too long to catch up, and by then
technology has yet again skipped forward. We take the best screens and develop
our own cabinets and software only. The sound will come from our new separate TV
and PC/MAC speaker systems. Coming up now.
- We start designing 3-4 different surround
sets, which can be used seamlessly on our own Beovision line but can also be
sold separately to non-B&O TV’s. Also available in stores selling Beoplay
line. Mainstream stores, that is. Make it quality, stylish and max 1.5-2 times
more expensive than the direct competition. Mark the pricing just above Bose,
but make it better. We need to totally cut ourselves free of the closed B&O
system and open it up like the V1 and the BV11.
- Audio. The same strategy as in our video
line. Too many speaker systems and too many targeted for the high upper market.
- Sales. Upper market in special stores
where is staff is trained by us. Selling a product is an art. Take Apple as an
example. We need to sell a feeling, an experience and then the product.
Concentrate on after-sales. Very important. Keep the customer true to our
brand. We all know that our present reseller strategy needs a massive overhaul
(closing 125+ stores, in Europe only, before Q3 this year. Including store-in
stores)
- Marketing and branding. Luxury and style
is not only for the few rich and famous. Design and quality do not always need
to be bulky, heavy and ridiculous expensive. Look at Apple. Sorry folks but we
can’t afford to take on Sir Jonathan Ive, but we can certainly learn from it.
- Production: “Designed
in Struer, Denmark – made in China” – rings a bell?
- Okay, let’s break for
lunch and then we take over the world before we go home : -)
.. just a few thoughts
really – no more, no less