The Prof G Pod with Scott Galloway - No Mercy / No Malice: Killing the Cat

Episode Date: December 14, 2024

As read by George Hahn. https://www.profgalloway.com/killing-the-cat/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

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at aws.com slash learn more. That's aws.com slash learn more. For over 30 years, X-Prize has been the global leader in designing and executing large-scale, incentivized competitions. And through these competitions, they've accelerated solutions to some of the world's greatest challenges, such as climate change, water scarcity, and healthy aging, just to name a few. XPRIZE is a catalyst for radical breakthroughs that have impacted the lives of millions, and they're just getting started. Through the power of incentivized competition, XPRIZE can drive scientific discovery, cutting

edge innovation, and groundbreaking solutions. The future is still ours to create. Head to XPRIZE.org to learn how you could help architect a future of equitable abundance. I'm Scott Galloway and this is No Mercy, No Malice. Jaguar is giving us more proof that the era of brands is over. Killing the cat, as read by George Hahn. Jaguar, a brand that's been in a coma for years, is trying to wake up, and it's gasping.

The car-free copy-nothing kickoff video and the rollout of a pink concept EV at Art Basel, Miami, have inspired well-earned mockery. The launch rivaled Elon's Wee Robot event for the all-chip No Salsa product launch of 2024. Getting attention is key to any marketing campaign, so mission accomplished, sort of. Tata Motors, which owns Jaguar and its stablemate Land Rover, has also succeeded in further

eroding what's left of Jaguar's brand equity. Jaguar trashed its iconic logo, all its current models, and its traditional promise of speed, power, and elegance. In their place is an uninspired and generic brand mark, a concept model that will never be put into production, and an incomprehensible promise. Something about good-looking people, bright colors, and exotic haircuts. A lot has been said about this HBR case study that's writing itself, including some predictable culture war bullshit about Jaguar having gone

woke. Most of this misses the larger point, which is that Jaguar's move is further proof that the brand age is over. Just as doctors have a Hippocratic oath, chief marketing officers ought to have a similar pledge. First, do no harm. I've advised lots of big consumer brands about their marketing, and I've noticed that CMOs recognize their days are numbered

and are desperate to show visible motion, whether it makes sense or not. Often that activity, devoid of progress, means spending lots of money on a new agency stocked with sharply dressed young people who will host events giving awards to whoever spent the most money across the advertising industrial complex. I'm honored to be part of this brand's history and I'm shocked how well my predecessors managed

the brand," said no CMO ever. The typical incoming speech? Thank God I'm here! We need to redo everything! Which is usually self-defeating. For about 50 years following World War II, it was good business to churn out a mediocre product and then surround it with emotion, i.e. branding. On any given night, about 60% of America was in one of three places ABC CBS or NBC

via the miracle of TV advertising a few cents worth of peanut paste could be trans substantiated into a jar of maternal love as choosy mothers choose GIF in the age of the internet, network television is in hospice. Exhibit A, the proposed merger of Omnicom and Interpublic. When I started Profit, a brand strategy consultancy, these firms were the alphabets and metas of the economy. Now they're consolidating.

Two emaciated polar bears fighting over fewer seals and sharing a melting piece of ice. The previous sentence is both awful and wonderful, mostly the former. Brands mean a lot less than they used to. Consumers now have a range of weapons of mass diligence to help them find and rate products, starting with Google and social media.

I travel constantly, so I used to rely on well-known brands when booking hotels in cities I didn't know well. The name Mandarin Oriental, or Four Seasons, meant I could consistently expect and get a 7 or 8 level customer experience. Lately though I've been using chat GPT and other AI tools to find nines that better fit the moment and me. The gym at the Soho house Berlin, the rooftop restaurant at the Waldorf in Beverly Hills, the bar at Chiltern Firehouse. If I sound like a privileged douchebag, trust your instincts. The Internet has diminished the power of even strong brands, and

it's penetrated the shield of good branding from mediocre products, like Nike, Intel, Target, etc. A product or service that cannot fulfill its promise to make you smarter or sexier, can't reverse its fortunes by listening to Don Draper. And inventing and refining a great product, fixing its supply chain, and improving your customer service is a lot more work than turning to mid-journey and asking for a new logo. Jaguar's problem for a long time has been products that didn't live

up to the brand promise. Well after its swinging London 60s heyday, Ford bought the company in 1989 and it's now owned by India's Tata. It still manufactures the car in Coventry UK, thus technically preserving the Britishness that's key to its brand identity. Although they've improved, the cars continue to be dogged by a lingering reputation as mechanical nightmares. Anybody who drove one was making the statement, I'm a gangster who probably owns two of these status symbols because one is always in the shop. Style-wise, Jaguar's current lineup has little of the Elan of the legendary E-type or other classic models.

In terms of sales in the premium car market, Jaguar is an afterthought behind category leaders BMW and Audi. With a few exceptions, Jaguar hasn't been able to make anything in the $50,000 plus price range that anybody wants to buy. Jaguar's current business response to this makes sense. Management decided to wind the company down and relaunch it. Jaguar is ending production of its three current models and retooling to produce an all-new all-electric line.

and retooling to produce an all-new all-electric line. It's also decided to abandon the premium market and go further upscale into luxury cars priced at around $400,000. This is a smaller market with fatter margins, so the company is closing some dealerships. All of which points to something that's gone mostly unremarked in the chatter about Jaguar's rebrand. Jaguar doesn't see any growth selling to lawyers and dentists,

but it does see a future selling to entrepreneurs and financiers. It's going to be at least a year, however, before any new era Jaguars go on sale. No one outside the company knows how they will look or what will be under the hood. No one outside the company knows how they will look or what will be under the hood The clunky pink type 0 0 sports tank Jaguar introduced in Miami is a concept car It will never go into production I've been to a lot of car conventions and seen a lot of concept cars in my view They're a waste of effort and money no matter how sexy their shiny one-off marketing props money no matter how sexy. They're shiny one-off marketing props. Ivanka Trump is seriously more likely to be president than the Tesla Robovan is ever to be produced.

So with a dark year ahead of it and no new product ready to show customers, Jaguar decided to fix the one thing that wasn't broken. The new brand mark makes it seem Jaguar is relaunching as an AI consulting firm. The logo looks as if it was designed by AI and never tested with real people. According to one respondent to an entirely unscientific survey I conducted on Instagram, it quote, would be a great logo for a kitchen knife set, unquote. One of the most precious things a company can possess is a powerful logo, one that imprints itself on the eye and instantly tells the brand's story.

Humans are visually oriented. Written language is only about 5,000 years old, and the printing press is less than 600 years old. But visual communication via drawn or painted images dates back to our Neanderthal ancestors. That's right. It may even predate our existence as a species. We process visual information about 60,000 times faster than we do words. Researchers at MIT once estimated that the human brain can correctly identify an image in as little as 13 milliseconds. When I talk about logos in my marketing class, I demonstrate their power by asking students if they can identify a mark using just their peripheral vision.

Great logos, the Nike Swoosh, the McDonald's Arches, the Mercedes three-pointed star, are immediately recognizable even almost outside our plane of vision. An effective logo needs to be meaningful, resonant, distinctive, and scalable. Jaguar's pouncing cat, which it called the Leaper, was all that. There are few things in nature stronger and more agile than a jaguar. As sleek and beautiful as they are lethal, they're the apex predator of South America's jungles and deserts.

Stealthy and fast, they kill by pouncing from behind and piercing their prey's skulls with jaws and teeth capable of penetrating artillery shells. Also, they're the only animals that, when hunted, will turn around and hunt their hunters. Not really, but go with it. It's on brand for the cat. Jaguars look arrogant as fuck, and rightfully so. The old logo and Mark told that story. The new logo says,

"'We hired some MIT grads who, for $800,000, "'told us to lay off everyone "'in our customer service department and replace them with Salesforce's agent force. Jaguar's Leaper now survives only in a faint echo of the original. The negative space in a field of horizontal lines on a small side panel of the Type 00.

To take the greatest visual metaphor in automotive history and kill it is to destroy shareholder value. It's the essence of CMO malpractice. It's just as stupid and wasteful as if Disney responded to a spate of weak releases by taking Mickey, Moana, Darth Vader, and Elsa out and shooting them. It's also a rejection of everything that ever made Jaguar... Jaguar. Not just the grace and power of the animal, but also the brand's Britishness.

There's nothing feline or rule-of-Britannia about the Type Type 00, and for all that talk about copying nothing, the car's silhouette is reminiscent of the Rolls Royce Spectre, and its sharp edges and lines recall the Cybertruck. The Jaguar people who signed off on all this richly deserve to have their careers pounced on. Branding is about differentiation and creating a sense of scarcity. That means leaning into whatever you have that makes you stand out. If you're going bald

shave your head completely. If you're a tall woman wear heels. If you need glasses get the biggest pair you can find. Jaguar is abandoning its differentiators while at the same time trying to enter the high end luxury market where being singular is the whole shooting match. The higher you go in price, the more eccentric it gets. In my view, Jaguar should not have spent a dollar on marketing before it had an inspiring, ready-to-ship product to show the public. The companies that have added the most value in the past 10 years barely advertise at all. Netflix now has a market cap of about $400 billion.

In 2014, it was about $21 billion. Alphabet's market cap 10 years ago was roughly $390 billion. Today, it is $2.5 trillion. Those companies and others took dollars out of advertising and put them into making better products and getting them to customers faster and cheaper than their competitors. Amazon didn't win ecommerce with a marketing campaign. It won by doing the hard work of guaranteeing free delivery in 48 hours. Others have won by going asset light. NVIDIA uses suppliers for all of its manufacturing. Shein, the fastest growing apparel company in the world,

has no stores and no warehouses. It's not too late for Jaguar to ditch its rebrand and start all over again with a strategy where a great product is not an afterthought to a marketing campaign. This is in a way an opportunity to announce that after a huge outpouring of goodwill toward the iconic metaphor, they are going old coke and reverting. However, we shouldn't hold our breath.

The current landscape of reality TV stars and misinformation has rid the corporate world of one important and simple phrase. We fucked up. Life is so rich. Support for this episode comes from AWS. AWS Generated AI gives you the tools to power your business forward with the security and speed of the world's most experienced cloud.