Why “must haves” are must haves
My book Owning Game-Changing Subcategoriesis based on the assertion that the only way to grow (with rare exemptions) is to create, position, and own new “must have” defined subcategories that change how a customer experiences the brand and/or creates a new brand relationship. To generate a growth platform, you need to create game-changers, as Chobani, Tesla, Enterprise Rent-A-Car, Dollar Shave Club (now owned by Unilever), Airbnb and many others have done. While the brands I just listed all qualify as startups, the importance of owning a subcategory, even for more traditional companies,...