Congratulations! You’ve just been handed the keys to the
Lincoln Motor Company in last ditch attempt to salvage Ford’s underwhelming
luxury brand. What do you do now? You could sell parts and patents to the
Chinese for enough money to literally skydive with a golden parachute; but do
you really want to be remembered as the guy who finally killed the Town Car?
Ok, bad example.
A business model with an expiration date
For too long Lincoln has simply gussied-up the exceptional
work done by their “blue-collar” brothers and sisters in a half-hearted attempt
at brand stratification. And while badge-engineering is, to an extent, an
accepted practice by manufacturers occupying space across multiple demographics
(i.e. economy & luxury makes), it is neither as thinly applied, nor as
extensively used as it is between Ford and Lincoln models.
And herein lies the major problem: Lincoln does not have
the luxury (pun very much intended) of falling back on the rock-solid
reputation of a parent brand in the same way that Acura, Infinity, and Lexus
enjoy the near mythic reliability of Honda, Nissan, and Toyota. Admittedly Ford
has moved heaven and earth to convince the buying public that theirs is a brand
finally worthy of comparison to neo-traditional competitors from Japan and Korea,
but this has done little in the way of bolstering their luxury arm.
In fact, the shift in perceived quality at Ford has drained
what little value Lincoln held, prompting major differentiation between brands now
to be found in the buying experience and service orientation, rather than on a
product level. And while these are important elements of a successful luxury
brand, they are not enough on their own.
Solving for Lincoln
The first order of business is clarify, if not redefine
entirely, the role of the American luxury car in a competitive and globalized
businesscape. We must reconcile with the notion that consumers shouldn’t have
to sacrifice quality for domestic loyalty, realize the right to build the
finest cars in the world, and recognize that heritage and evolution are not
mutually exclusive.
This challenge is met through the conception of a halo project
– a clarion call of brand values to inform design language and performance
ideals – something that excites a new generation of potential Lincoln
enthusiasts. Our new flagship will be from the beginning a proof of concept in
engineering perfection, not an exercise in mass production, and never to be used
as fleet meat. The Lincoln Halo will breathe life into the brand by
highlighting strengths in the current portfolio and buy enough time to ready
the next generation of product made in the Halo’s image. But this begs two
important questions: Who is Lincoln now, and who must Lincoln become?
Well, who we are now is underscored in a Polk
survey showing that at 60 years old, ours are the most “distinguished” customers
in the industry – three years older on average than Cadillac buyers (the next closest competitor) and 10 years older
than the performance oriented Audi – BMW crowd. So for argument’s brevity’s
novelty’s sake let’s split the difference and start getting to know our new
target market: At 55 years young, the Lexus buyer becomes a challenging yet
highly enticing source of inspiration and income. And the expectations they
bring are no less than perfection in terms of reliability, refinement, class,
and tech. But builder beware; we must never take the fatal misstep of imitation
– as the nature of imitation is limitation in terms of creativity and
innovation. So with that in mind, and market share ready to be stolen, our new
product portfolio begins to take shape.
And now to address the third and final major challenge to
becoming a world-class luxury brand: The buying experience. As your grandfather
moved through the ranks at his job, the guy who sold him his first Ford also
sold him his first Mercury and then his first Lincoln. And until recently, this
was status quo. Now, Ford and Lincoln showrooms have specific employees with
specialized training, a step in the right direction. But we need to go one step
further and completely decouple the two brands. Separate showrooms, service
centers, customer support call centers, and any other touch-points potentially
shared between the two families must be different, must feel different, which is imperative for success in brand-conscious
China and developing Asia – markets we must find success in to remain
competitive on a global scale.
And that’s it! Generate excitement; build to the
consumer; and Honor Thy Father but move out of his house. Think you can handle
it? We’ll be right here if you’ve got any questions.
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