{"id":57409,"date":"2019-10-18T00:00:00","date_gmt":"2019-10-17T22:00:00","guid":{"rendered":"https:\/\/llyc.global\/2019\/10\/18\/disruption-and-reputation-tailoring-changes-to-consumers\/"},"modified":"2019-10-18T00:00:00","modified_gmt":"2019-10-17T22:00:00","slug":"disruption-and-reputation-tailoring-changes-to-consumers","status":"publish","type":"post","link":"https:\/\/llyc.global\/en\/ideas\/disruption-and-reputation-tailoring-changes-to-consumers\/","title":{"rendered":"Disruption and Reputation: Tailoring Changes to Consumers"},"content":{"rendered":"

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”1_2″][\/et_pb_column][et_pb_column type=”1_2″][et_pb_image _builder_version=”3.1.1″ src=”https:\/\/ideasen.llorenteycuenca.com\/wp-content\/uploads\/sites\/6\/2019\/10\/Imagen_-35.jpg” \/][\/et_pb_column][\/et_pb_row][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.1.1″]<\/p>\n

As Pablo Picasso, one of the original disruptors in the art world, once said, \u201cIf there were only one truth, you couldn\u2019t fill a hundred canvases with the same theme.\u201d When thinking about disruption in the business world, the reality is similar. It is helpful to recognize that there is not only one truth, one idea or one single way to innovate.<\/p>\n

The term \u201cdisruption\u201d appears frequently when discussing management and business administration.<\/strong><\/p>\n

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Overtime, repeated \u201cdisruptive successes\u201d in various industries, combined with increasing public activism, have created a new environment. Companies must now respond to much more complex demands to win consumers\u2019 hearts\u2014namely, they must utilize their capabilities to aid and innovate regarding the current challenges facing modern society and our planet.<\/strong><\/p>\n

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\u00abOvertime, repeated \u201cdisruptive successes\u201d in various industries, combined with increasing public activism, have created a new environment where companies must now respond to much more complex demands\u00bb<\/h2>\n

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Companies that maintain a keen understanding of sustainability (beyond the financial) know how to read and respond to consumer insights and demands, even acknowledging that this could have a short-term negative impact on their bottom line. We believe this is at the heart of disruption.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row][et_pb_column type=”4_4″][et_pb_text admin_label=”Learning from prime examples” _builder_version=”3.1.1″]<\/p>\n

Learning from prime examples<\/h1>\n

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It was in this context that Patagonia<\/a> launched The Footprint Chronicles<\/a> initiative, enforcing total transparency regarding the origin, manufacturing process and environmental impact of each of its garments, including reasons consumers might not want to purchase them. Additionally, Patagonia puts a hefty price tag on many of its products in an attempt to force potential buyers to reflect on the necessity of their purchases. The company even offers environmentally-friendly alternatives, such as a repair service and secondhand clothing marketplace.<\/p>\n

After launching this initiative, Patagonia not only succeeded in cementing its brand image of environmental activism, but simultaneously positioned itself as offering the most expensive\u2014and thus highest quality\u2014outdoor garments. Patagonia\u2019s current estimated annual profits reach over $4 billion.\u00a0\u00a0<\/a><\/p>\n

[\/et_pb_text][et_pb_video _builder_version=”3.1.1″ src=”https:\/\/www.youtube.com\/watch?v=JIC9DUkbic8″ \/][\/et_pb_column][\/et_pb_row][et_pb_row][et_pb_column type=”4_4″][et_pb_text admin_label=”TAKING A STAND ON SOCIAL ISSUES” _builder_version=”3.1.1″]<\/p>\n

Taking a stand on social issues<\/h1>\n

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A more recent case is that of DICK\u2019S Sporting Goods<\/strong><\/a>, a leading U.S. sporting goods vendor. In its lifetime, DICK\u2019S has positioned itself as the country\u2019s leading seller of firearms, an area that accounts for a significant portion of the company\u2019s profits.<\/p>\n

The last 37 years have seen 113 mass shootings in the country, sparking widespread opposition to that right. Many believe a significant part of the problem is the ease of purchasing a firearm in the country.<\/p>\n

In the wake of this, and keeping societal pressures in mind, the company made the decision to stop selling assault-style rifles and high-capacity magazines, as well as raise its age requirement for purchasing a gun to 21. This policy went into effect in all DICK\u2019S stores nationwide in February of last year.<\/p>\n

By year\u2019s end, the company\u2019s sales had dropped by $150 million, a 1.7 percent decrease from their average annual sales. However, the brand stood firm in its decision, stating that this decision was not an economic one, reasserting its moral conviction and even calling on other companies to join the initiative.<\/p>\n

This perseverance bore fruit. In 2019, the initial negative impact subsided and DICK\u2019S sales began to rise significantly. The brand closed the first quarter with its highest profits in three years, outpacing its competitors by a considerable margin. DICK\u2019S now enjoys its new position as one of the United States\u2019 major leaders in gun control responsibility.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row][et_pb_column type=”4_4″][et_pb_text admin_label=”UNDERSTANDING SOCIETY AND CONSUMERS” _builder_version=”3.1.1″]<\/p>\n

Understanding society and consumers<\/h1>\n

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Adidas <\/strong>provides another notable example. The company specializes in sports and fashion wear manufacturing.<\/p>\n

Adidas uses large quantities of unrecycled \u201cvirgin\u201d plastic in its garments and footwear. These plastic pollution in the ocean is a major concern for conservationism.<\/p>\n

Adidas aimed to become part of the solution and developed a new sneaker model constructed from plastic bottles salvaged from the ocean<\/a>, banning plastic bags in all of its stores worldwide and declaring it would transition to utilizing only recycled plastic by 2024.<\/p>\n

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Once again, consumers responded positively to the initiative, and despite the high cost, the company sold all 5 million sneakers it produced last year.<\/p>\n

With its newfound commitment to the environment and new product releases, Adidas has significantly increased its brand value and connected with the large number of consumers. Adidas disrupted its operations and, as a result, gained immediate popularity.<\/p>\n

[\/et_pb_text][et_pb_video _builder_version=”3.1.1″ src=”https:\/\/www.youtube.com\/watch?v=pJBRqespiOA” \/][\/et_pb_column][\/et_pb_row][et_pb_row][et_pb_column type=”4_4″][et_pb_text admin_label=”WHAT CAN WE LEARN FROM THESE COMPANIES?” _builder_version=”3.1.1″]<\/p>\n

What can we learn from these companies?<\/h1>\n

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It is irrefutable fact that successful, aspirational companies all share the understanding that they cannot make an impact in their fields without disruptive innovations. <\/strong>The major point we wish to illustrate is that attaining that \u201cbreak\u201d is no longer the sole purview of engineers. All professionals who wish to develop and manage their reputations must be prepared to make it happen themselves.<\/p>\n

In order to design the kinds of disruptive innovations that have positive impacts on brand reputations, it is imperative to study and understand their fundamental workings.<\/strong> Business leaders aspiring to capture consumers\u2019 hearts must step up and ask the question: How can my company disrupt its field to contribute to solving society\u2019s problems and become valuable in the public consciousness?<\/p>\n

At LLYC, we are thoroughly convinced that all companies should embrace disruption.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”1_2″][\/et_pb_column][et_pb_column type=”1_2″][et_pb_image _builder_version=”3.1.1″ src=”https:\/\/ideasen.llorenteycuenca.com\/wp-content\/uploads\/sites\/6\/2019\/10\/Imagen_-35.jpg” \/][\/et_pb_column][\/et_pb_row][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.1.1″] As Pablo Picasso, one of the original disruptors in the art world, once said, \u201cIf there were only one truth, you couldn\u2019t fill a hundred canvases with the same theme.\u201d When thinking about disruption in the business world, the reality is similar. It is helpful to […]<\/p>\n","protected":false},"author":4,"featured_media":57411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[86],"class_list":["post-57409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ideas"],"acf":[],"yoast_head":"\nDisruption and Reputation: Tailoring Changes to Consumers - LLYC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/llyc.global\/en\/ideas\/disruption-and-reputation-tailoring-changes-to-consumers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Disruption and Reputation: Tailoring Changes to Consumers\" \/>\n<meta property=\"og:description\" content=\"[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”1_2″][\/et_pb_column][et_pb_column type=”1_2″][et_pb_image _builder_version=”3.1.1″ src=”https:\/\/ideasen.llorenteycuenca.com\/wp-content\/uploads\/sites\/6\/2019\/10\/Imagen_-35.jpg” \/][\/et_pb_column][\/et_pb_row][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.1.1″] As Pablo Picasso, one of the original disruptors in the art world, once said, \u201cIf there were only one truth, you couldn\u2019t fill a hundred canvases with the same theme.\u201d When thinking about disruption in the business world, the reality is similar. 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