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In this "Lessons" episode, Bob Meers, former CEO of Reebok and Lululemon, delves into the strategies behind building iconic brands that stand the test of time. He shares his experience in aligning business goals with sustainability, driving innovation, and maintaining premium pricing in competitive markets.
Sustainability as a Business Imperative: Bob discusses how businesses can seamlessly integrate sustainability into their models, making it a core value rather than a superficial effort. He highlights the influence of Gen Z on consumer trends and the growing demand for sustainable solutions.
Overcoming Resistance to Change: Drawing on his tenure at Reebok and Lululemon, Bob explains why some companies resist innovation and how embracing change can be less costly in the long run. He recounts how innovation, such as the development of Reebok’s Pump shoe, can revitalize a brand and meet evolving consumer demands.
Building Brands That Command Premium Pricing: Bob shares insights into creating products that justify premium pricing, emphasizing the importance of influencing key market players and trendsetters. He outlines strategies for balancing cost, value, and scalability to ensure business success while maintaining high-quality standards.
➡️ Show Links
https://successstorypodcast.com
YouTube: https://youtu.be/XnWBwU673XA
Spotify: https://open.spotify.com/episode/7j9SIhfTcG07LOaiRhxTL6?si=aaee740124f84d98
➡️ Watch the Podcast On Youtube
https://www.youtube.com/c/scottdclary
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