Product Description

Until Josiah Wedgwood, Britons ate from wood and pewter plates. Until Henry Heinz, women toiled over pickled foods. Until Michael Dell, few people owned a personal computer, let alone dreamed of buying one "built to order." According to business historian Nancy F. Koehn, these pathbreaking entrepreneurs shared a powerful gift: the ability to discern how economic and social change would affect consumer needs and wants.

In Brand New, Koehn introduces us to six extraordinary leaders of brand creation who lived and worked during periods of widespread change: Josiah Wedgwood in the Industrial Revolution; Henry Heinz and Marshall Field in the Transportation and Communication Revolution; and Estée Lauder, Howard Schultz of Starbucks, and Michael Dell in the Information Revolution. Through compelling and engaging profiles of these entrepreneurial visionaries, she reveals a provocative relationship between economic turbulence, household priorities, and company strategy that holds important lessons for today's brand builders.

According to Koehn, these forward-thinking individuals understood the profound effects that socioeconomic change has on what customers want, have, and can afford as much as on what companies make-and were masters at exploiting the enormous business opportunities these demand-side shifts created. Indeed, the brands and companies created by these individuals have become such a part of everyday life that we've made them part of common speech: we pass the Heinz; eat off Wedgwood; order a Starbucks.

Koehn draws from their diaries, correspondence, and official business records to demonstrate that these entrepreneurs were more than savvy marketers; they were institution builders. She shows how each used brand not as a logo, but as a vital strategic tool for creating best-of-class companies-and for building powerful organizational capabilities that supported their connections with customers and helped make new markets for their offerings.

Distilling critical lessons for businesses operating in both the traditional and on-line worlds, Brand New will convince every entrepreneur of the remarkable power of brands to transform start-ups, gain competitive advantage, and change lives.

Product Details

• Amazon Sales Rank: #73602 in Books
• Published on: 2001-03
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 448 pages

Amazon.com Review
In Brand New, Harvard Business School professor Nancy Koehn looks at six entrepreneurs and the extraordinary brands they built. The entrepreneurs include Josiah Wedgwood, Henry Heinz, Marshall Field, Estee Lauder, and Michael Dell. What interests Koehn is not so much the success that these brands enjoyed as much as the trust these household names were able to inspire in consumers. Koehn makes her study especially relevant to today's marketers in that each of the entrepreneurs she looks at developed their brand during a period of tumultuous change. For example, Wedgewood's tableware became popular during the Industrial Revolution and the emergence of the middle class; Schultz's coffee empire blossomed in the 1990s and the present-day information revolution. Part business history, part marketing manual, Brand New is a valuable study of brand development that belongs on every thoughtful marketer's bookshelf. --Harry C. Edwards

Review
"It's [Brand New] really good stuff, the true human drama of business, engagingly written and illustrated with great photos." -- The Star Tribune, May 2001

From the Back Cover
"The hottest word in business lingo today is branding. Koehn has entered the scene to write a book that explains the meaning of this overused term. In this lucidly and entertainingly written book, Koehn traces how six great companies created enduring brands. In each case they thought first not of an ad campaign or catchy sales pitch but of the ingredients that would make their product distinctive. A valuable addition to any business collection."
-Ken Auletta, Author and Communications Columnist, The New Yorker

"Brand New is an unforgettable collective portrait of six entrepreneurs and the great companies they founded. With brilliant insight and vivid prose, Koehn takes the reader inside the minds of her entrepreneurs and analyzes the reasons their companies prospered even as most of their competitors failed. With a memorable mix of old and new, Koehn is able to accomplish that rarest of historical feats: rigorous use of the past to inform the present, and vice versa. Her book is simply an outstanding achievement."
-Thomas K. McCraw, Straus Professor of Business History, Harvard Business School

ADDITIONAL ENDORSEMENTS: "Brand New felicitously blends biography, business history, and conceptual analysis in a book that gives the vogue word branding a rich and surprising past. Koehn writes with lively prose and has the historian's eye for illuminating detail. From Wedgwood and Heinz to Estée Lauder and Dell, her entrepreneurs created lasting brands, but always in a context of their own choosing. While giving due credit to their enterprise, Koehn brings out the interplay between vision and the historical forces that make it realizable."
-Jack Beatty, Senior Editor, Atlantic Monthly and Author, Colossus: How the Corporation Changed America

"Brand New is absolutely essential reading for anyone who has ever aspired to build a successful business. Countless "new new thing" technologies end up not making it to companyhood because their creators fail to appreciate basic lessons of businesses and brands past. In all moments of great economic change, technology matters. But understanding customers and meeting their needs effectively and meaningfully matter just as much-sometimes more. Using a range of compelling historical and modern companies, Brand New lays out a series of critical lessons that no businessperson operating in today's turbocharged environment can afford to ignore."
-Jonathan Bush, Chairman, CEO and Co-Founder, Athenahealth

"Koehn has opened a new field of business history-one that focuses on the demand side rather than the supply side in technologically new industries. She brilliantly records the careers of six entrepreneurs who, by defining customer needs, became leaders in their rapidly growing markets. By combining past and present, she joins her talents as a historian, case writer, and teacher to provide a new perspective on branding."
-Alfred D. Chandler, Jr., Straus Professor of Business History, Emeritus, Harvard Business School

"Today's literature on brand building is replete with simpleminded platitudes and prescriptions generally divorced from any context other than someone's most recent success story. With Brand New, Koehn has successfully described the complex evolution of modern consumer brands. In viewing contemporary business behavior through six of the world's great brand developers, she provides the reader with an interesting set of tales with significant take-home value. A superb read!"
-Len Schlesinger, Executive Vice President, The Limited, Inc.

"In a world where many companies are built to sell, Brand New shows how companies can be built to last-and that is where value is created. Unlike the recent spending frenzy, history shows that brands are built by giving value to customers, suppliers, capital sources, and employees-and by doing so at a margin that preserves the economic engine. The entrepreneurs in this book built enduring best-of-class businesses by creating change and living through it. Their stories contribute to an inspiring book."
-Howard Stevenson, Senior Associate Dean and Sarofim-Rock Professor of Business Administration, Harvard Business School

"Nancy Koehn understands how markets reward quality brand names, which is the essence of honorable capitalism. Indeed, in this field of study she is the quality brand name."
-Ben Wattenberg, Senior Fellow, American Enterprise Institute and Moderator, PBS's weekly discussion program Think Tank

Customer Reviews

"Brand New"-- A fresh look at branding and entrepreneurship!
Brand New is a brilliantly written book about entrepreneurs, brands, consumers, business history, and socioeconomic change. The book explores these subjects through the examples of six entrepreneurs-Josiah Wedgwood, H. J. Heinz, Marshall Field, Estée Lauder, Howard Schultz of Starbucks, and Michael Dell-and the brands and companies they created during times of economic and social change: Wedgwood during the Industrial Revolution, Heinz and Field during the Transportation and Communication Revolution of the late nineteenth and early twentieth centuries, and Lauder, Schultz, and Dell in our time.

Koehn is a perceptive historian and biographer as well as an astute analyst of brand creation, entrepreneurship, and organization-building. She explains how the entrepreneurs in her book were able to understand the economic and social change of their times and anticipate and respond to demand-side shifts. This understanding, she argues convincingly, enabled these entrepreneurs to bring to market products that consumers needed and wanted and to create meaningful, lasting connections with consumers through their brands. Koehn also focuses on the importance of these entrepreneurs as organization builders who understood that their success depended on developing organizational capabilities that supported their products and brands. Her book is very well-researched throughout, and uses primary archival documents extensively in the historical chapters on Josiah Wedgwood, H. J. Heinz, and Marshall Field. Koehn also brings her entrepreneurs and the stories of how each built his or her company and brand to life with her talent as a biographer and historian.

The book's emphasis on drawing lessons from both past and present offers many valuable insights for those interested in coming to a better understanding of brand creation, entrepreneurship and entrepreneurial management, and organization-building. Koehn's emphasis on the demand side of the economy and on entrepreneurs and companies making connections with consumers through the brand distinguishes her book as an important work of business scholarship on brands and entrepreneurship. A lively, interesting, and engaging read, Brand New is also valuable reading for anyone interested in business, economic, or social history or biography of business leaders. I highly recommend it!

Learning from Branding History
It's probably a result of less-than-fully applying myself during my college years, but I tend to pre-judge any book by an academic as boring. I'm glad that didn't stop me from reading Nancy Koehn's book, "Brand New: How Entrepreneurs Earned Consumers Trust From Wedgwood to Dell."

Koehn is a professor at no less than the Harvard Business School. She is also an excellent writer, and she understands that the essence of getting good information across is stories. Brand New is a book of stories about branding. It is anything but boring.

Koehn divides the book into two giant sections, The Past and The Present.

In The Past, she includes the stories of Josiah Wedgwood, H. J. Heinz and Marshall Field. All the stories are told in detail enriched by facts, insights, and quotes. All of them contain lessons for today's businessperson. Most of the lessons are about branding, but there's a lot more.

Read this book and you will find out all about how Josiah Wedgwood changed the common practice by impressing his own name in the unfired clay of his works. That's impressive. But you will also learn how his partnership with Thomas Bentley took Wedgwood's strengths and his insight about branding and turned them into a highly profitable business.

You'll learn about why H. J. Heinz packed his product in glass jars and how he kept control of his distribution. You'll hear about the 1902 giant opening at Marshall Field's and you'll learn about Field's varying relationships with his partners.

In the section on The Present, you will get the story of Estee Lauder and how she changed not only her name and image but also the face of cosmetic marketing through magnetism and incredible persistence. You'll hear how Howard Schultz wound up at Starbucks Coffee and why it bears his imprint, and you'll hear about Michael Dell without overmuch mention of the legendary dorm room.

The stories themselves make delightful reading, but the learning is probably even more important than the enjoyment. These stories illustrate how specific, successful entrepreneurs took a look around at things that were happening in society and developed products and brands and marketing and distribution systems to take advantage of them. These insightful and inspiring stories will help you understand your own business and find ways to make it more profitable.

Excellent Reading
Sick of reading books about branding in the new economy, ebrands, digital brands and every other thing that marketers try to sell you? Then read this book for inspiration, which is not only about branding, but poignantly illustrates the pleasures and the pain of entrepreneurship, and managing a growing business.

This book is very well written, with excellent observations and pointers for success. Although the majority of the book is case studies, these are not the usual 'filler' material that have become so common in business books. I highly recommend the studies of Wedgewood, Heinz and Marshall Field, and how they took advantage of new trends such as railroads and communications. These are not so far from the revolution that the Internet has placed many corporations in. The historical perspective is excellent, and for once this is not written by a big 5 consultant with something to prove, or a service to flog.