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Shares?

Convenience goods  

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“Advertising is the very soul of trade”. 
What formerly was a statement only elite of experts accepted is nowadays, in content even not in text, an axiom anyone shares. 
If Emma Bonino and Silvio Berlusconi “won “ the European elections, all (or almost) those who lost explain their success with the drumming advertising of which they have been the promoters and the protagonists.
If private and institutional savers crowded to subscribe for the Monte dei Paschi OPV, properly MF on June 25th entitles: “There's a marketing campaign behind that has convicend two millions subscribers to adhere “.
If the “Banca Lombarda” and the controlled “Banca di Brescia” could have overcome the impasse of the change of the Business Names due to the transformation of the two institutes (San Paolo di Brescia and Credito Agrario Bresciano) into a new reality, furthermore federal structured, it has been explained with the success of the 'promotional campaign “.
So the electors' votes, the investment of savers, the consent to company operations are,  if not 'influenced' at least 'oriented' by the information given by the means of advertising.
Those quoted are only some among the earliest ones, the most well-known and most much-discussed events wherein advertising has had, by unanimity, an important rôle, even not determining.
As regards to the past it's enough to remember that Confalonieri and the Mediaset staff brought to success the placing of the Mediaset shares and the statement of Confalonieri that by the time was almost a scandal: “Shares are convenience goods and so their “promotion “ must follow the rules for that kind of products.” 
The sizeable part of the companies listed at the Stock Exchange does not seem yet oriented to deem shares as “a product “. A product having its own market whose rules must undergo.
A product directed to special customers whose needs it must meet. 
A product in competition with many others of the same kind, and from which it must different.
A product having an intrinsic content but to whose value it contributes surely also its own 'image' and that of the company of whom is an “emanation”.
When Galateri di Genola (who is surely a top manager) asserts that in the IFIL's balance there is not the “Advertising and promotion“ heading because the IFIL is a financing firm and not a convenience goods enterprise, supplies the best, the clearest and the most documented explanation to a question he says he has no answer and that is the scarce attention savers give to the IFIL shares, always - as he says - disregarded by market.
The IFIL, indeed, does not communicate, does not want to, and does not know how to communicate with market. Furthermore it confuses the “market” with analysts and experts, men of finances and does know the “weight” the savers' “masses” have. 
MPS's shares have been required and subscribed by two millions people and not by some hundreds of Unit Trusts and/or institutional investors.
Among the thesis, the policy and the innovative strategy announced with brutal sincerity by Confalonieri and those conservative the IFIL is bound, the gap is huge.
It is not said that Galateri must “marry” the “modernism”, but it is desiderable that at least he starts a march of approach.
The year 2000 is not only a date on the calendar: it's a new world.
Whether you like it or not it will change!
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