The philosophy of the Four Es – Conclusion
We have been digging a bit deeper into the marketing model of the four Es, and also explored three marketing campaigns which embrace the four Es. But where does all of this lead us?
First of all, it’s important to state that the four Ps still have many years left. For some companies, the four Ps still do the job. But for most they have to be complemented with the four Es. This marketing model is a recipe for branding. The right mix of emotions, experiences, engagement and exclusivity depends on the business of your brand, the type of products or services you are providing and where your company is in its brand lifecycle. To establish a position in the mind (and hearts) of your customers, you have to find your own unique mix of the four Es.
However, brands are increasingly important for people in the expression of their identities and self-fulfilment. Therefore, brand building in the 21st Century also requires that brands ask themselves the question of their legacy.
The millennial decade has also been about defining brand truth, and this has raised the question as to whether brands stand for something more than solely profit. Today customers are demanding new standards from companies. In order to succeed today, companies may not only need to embrace the four Es. Companies need to be ‘good’ and stand for something more than ‘more’. There might be a need for a fifth E on the stage as well - ethics.
Now we would like to hear your thoughts on the four Es. Have you seen any more campaigns or marketing strategies than the ones highlighted, where emotions, experiences, engagement and exclusivity have been put into practice? Is there something we have left out, or something you would like us to elaborate on?
