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The Knowledge Project with Shane Parrish cover image

#40 Ben Thompson: Thriving in a Digital World

The Knowledge Project with Shane Parrish

NOTE

The Evolution of Brand Importance in the Digital Age

The significance of brand in the digital landscape has shifted. On the internet, the recollection of a specific brand name is crucial, rather than brand recognition. This means that advertising strategies need to adapt, focusing on brand distinctiveness over brand extension. Competition online is intense, often from highly specialized niche competitors. Businesses must be prepared to challenge existing industry assumptions and be ready for radical industry shifts, as seen in sectors such as consumer packaged goods and the hotel industry.

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