Warmth and Competence. Competence and Warmth. Warmth. Competence. A clear and ever-reinforced message of this book on how these primary human attributions to other people and to companies as well, we see, influences our loyalty, trust, and admiration. Chris Malone and Susan Fiske, a renowned social psychologist, finely balance case studies with sound and cutting-edge scientific research to detail the role these two factors have greatly enhanced our understanding and prediction of modern marketing.
Especially interesting topics were the discussions of Domino's and how worthy intentions can foster loyalty and skyrocket sales even if a product was at one time inferior (and yes, I hate food styling!), the story of Lululemon and the role of feeling included and remembered as a customer to foster loyalty as a proxy for discount (loyalty≠repeat purchasing), and stories of apologizing at Lexus/Toyota vs. BP.
Why not 5 stars? Well, this book didn't change my life, so I guess I have strict standards. It's a very interesting piece on marketing, concise in its message, and can impart immediate knowledge to brand managers everywhere, but I don't know that this is a classic for the ages. Maybe I'm wrong, but it does bias towards more recent companies and startups (aptly so, by focusing on the Internet revolution and its impact on the marketplace), so maybe it will date itself.
Finally, while I don't know the state of research in this field, I wasn't completely sold that high competence necessarily conveys envy. Certainly this is true in an environment where I am **competing** against a competent company (say that 3x fast), but as a customer, high competence instills a feeling of efficiency, reliability and subsequent trust, but envy isn't a word that comes to mind. This is merely a label, though, and doesn't undermine the theory that competence is a base attribution and strongly affects my perceptions as a consumer.
I strongly recommend anyone curious about modern marketing and branding to pick up this quick and informative read.