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Topic: Strategy
Marketing-speak - What Do You Think?
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In today’s Daily Telegraph (A UK Newspaper with news in it, rather than stories about celebrities) there is an interesting article about our Millennium Dome – A £1Billion Government Folly which failed in it’s purpose (Whatever that was) in almost every conceivable way possible.
It is being renovated and re-branded by an entertainment company to give it a new purpose at a cost of £600Million. The exercise was described thus in the newspaper:
“In what may be the most challenging piece of "re-branding" since Royal Mail tried to reinvent itself as "Consignia" (before quietly reverting to its original name), the new tenants of the non-dome are trying to make a "clean break" from the building's somewhat chequered past.
"If you leave the name Dome in there, then people will just say 'here is the Dome', but this is a completely different iteration of the building," David Campbell, the president of AEG Europe, the company behind the effort, said yesterday. (For those not fluent in marketing-speak, an "iteration" is a word used as a synonym for a version, although more accurately it means a repetition, which is precisely the opposite of what Mr Campbell meant, or part of a computational process of trial and error, ditto).
"£600 million of investment has created a completely different structure," Mr Campbell said.
The word "dome" was being dropped because everything about the old building has been stripped out and it is to have a completely new, and very impressive, interior and the only thing left will be the outer shell.”
If you want to read the article in full, this is the DT’s website link:
https://www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/04/13/ndome13.xm...
Now, what do you make of the journalist’s take on “Marketing Speak”? It’s fun, but is it fair?
As a maths bod, I approve of the real definition of “Iteration” but is the synonymous use right - if you were the PR would you go for this term? The journalist has cleverly turned the tables by reference to the correct definition!
And do you think that it will succeed where the might of President Blair’s Government failed?
Come to think about it, has anyone outside the UK heard of “The Dome” fiasco.
I look forward to your views on this bold attempt at getting a white elephant to emulate Lazarus.
Best wishes
Steve Alker
Unimax Solutions