Without being fully prepared, a lot of marketing opportunities could be lost

Whether it be at the beginning of a period, like a new year, or at the beginning of a new venture, a new product launch, or a new initiative in an old venture, it is of utmost importance to be fully prepared.

Prepare Well, Fare Well.

Brand Mantra® – Jagdeep Kapoor

In my experience and analysis, in the brand marketing life of a brand, there could be four situations. We present those in the Samsika® Opportunity versus Preparation Module™.

Four Situations in the Brand Marketing Life

  1. Opportunity Exists, But No Preparation
    If there is an opportunity, but the marketeer is not prepared, it is very likely that the marketeer will lose.
  2. Opportunity Exists, Full Preparation
    When there is an opportunity in the market and the marketeer is fully prepared, it is very likely that the marketeer will win.
  3. No Opportunity, But Full Preparation
    In cases where there is no opportunity, but the marketeer has made thorough preparations, it is advisable to wait for the opportunity to appear.
  4. No Opportunity, No Preparation
    When there is neither an opportunity nor preparation, it is advisable to create the opportunity and prepare for it.

The Role of Preparation in Brand Success

In all four situations in the brand marketing life, preparation plays an important role. Without adequate preparation, even a golden opportunity can be wasted. Only if you prepare well, can you fare well.

What Does Preparation Entail?

To be fully prepared means to be ready, organized, equipped, and able to anticipate eventualities that may occur in the course of brand marketing activities. Preparation includes several critical elements:

  • Preparing fully and in a timely manner.
  • Preparing in the right way with the correct tools and strategies.
  • Ensuring the right people are prepared and trained.
  • Using the right weapons and tools for brand success.

Whether it is:

  • A brand launch
  • A new activity for an existing brand
  • Opening a new market
  • Inducting new sales and brand marketing personnel
  • Launching a new advertising campaign
  • Initiating a new sales and distribution initiative
  • Introducing a new pricing strategy
  • Developing new packaging formats
  • Replicating a successful old initiative

Preparation is the foundation of success.

Luck vs. Preparation

Unfortunately, when things go wrong, people blame bad luck. When things go right, people credit good luck. However, true success comes not from luck, but from thorough and strategic preparation.

The Truth About Preparation and Opportunity

A true professional understands, knows, and believes that when opportunity and preparation meet, the chances of brand success in the marketplace increase substantially.

However, as explained above, some situations may lead to failure—not due to luck, but because of lack of preparation.

Preparation does not only mean readiness for implementation. It also includes:

  • Strategic preparation and planning for the future.
  • Developing a thought process that will guide execution.
  • Monitoring implementation and tracking results.
  • Learning from hits and misses and refining future plans.

Preparation is an underutilized weapon in brand marketing. It requires effort, forward-thinking, anticipation, and practice. Unfortunately, many professionals avoid it, instead relying on expertise and experience as a substitute.

However, true professionals with great expertise and experience always prepare.

The New Year: A Time for Renewed Preparation

As we step into a new year, 2022, let this be an inspiration to prepare even more diligently. Many in the brand marketing world believe that by rushing in unprepared, they can still force their way to success. However, this approach has failed time and again.

A post-mortem of failed brand marketing exercises often reveals one major cause: lack of preparation.

I strongly recommend launching any brand marketing activity only when you are truly ready. If you are not ready, take the time to prepare.

Because after all, if you prepare well, you fare well.

This article was first published in Business India magazine in the January 10 to January 23, 2022 issue.

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Published On: January 10th, 2022Categories: Article, Business India

About The Author

Jagdeep Kapoor

Founder, Chairman & Director of Samsika® and Samsika® Academy

Visiting Professor of Marketing Management and Brand Management at JBIMS and SP Jain School of Global Management. Author of 14 books and textbooks on the art and science of Marketing Strategy and Brand Management in the Indian context.

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