4 min
Jan 5, 2024

The good, the old, and the new: balancing tradition and innovation

When offering services directly to consumers today, brands find more and more frequently that people seek more than just any transaction.

They want to find trustworthy businesses that care about them.

The issue is that, often, small newcomer-type businesses can offer lots of new ideas and tech-forward opportunities, but sometimes lack structure and history, making them seem less dependable.

Meanwhile, larger legacy-type businesses can prove that they can stand the test of time, and are reliable and stable, but may seem distant and less innovative.

The challenge lies in finding the best ways to compensate and reach an equilibrium.

Keep scrolling to learn how you can create a sense of traditional flare while pioneering state-of-the-art ideas to stay relevant and useful.

Old-school grit

Leveraging your experience and size as a brand is a way of representing your commitment to hard work, determination, and perseverance cultivated over the years. 

If you have a history of success as proof of your trustworthiness, make sure to display it loud and proud.

Put it to use by offering a wide variety of services, enabled by your stable, solid structure. Show your current and potential customers that you’ve thrived for a reason, and that you mean serious business.

In case you’re on the newer side of the spectrum and don’t have the legacy or foundation, don’t worry. You can create the illusion of it by exhibiting your dedication to improving your clients’ lives and the value you can add.

Show your disposition to embrace challenges, roll up your sleeves, and help your clients achieve their goals.

While you may not have the actual baggage to back you up, a legacy has to start somewhere. And, in the meantime, you can bring back redeemable business qualities that sometimes seem to have gotten lost with time.

New world ideas

Complementing the old-school grit, making innovation a priority signifies a readiness to embrace the future with visionary, pioneering, and innovative approaches.

Tech-forward newcomers may have it easier, as the number of employees and hierarchy gaps are usually much smaller. This enables faster decision-making and a wider variety of voices that may become thought leaders.

Larger players often have much business to tend to and ideas may get lost in bureaucracy. If this applies to your company, it is essential to allocate time and resources to research and innovation.

The ability to explore untapped opportunities, think beyond traditional boundaries, and bring fresh perspectives to the table is highly valued in today’s market.

The world progresses and new alternatives that improve people’s quality of life will get all eyes on them. Especially in highly competitive markets.

So make sure to always keep a fresh, open mind for change, no matter your size.

Life-long partnership

Research has shown that clients, regardless of their profile, share a common need: a partner to help them achieve their vision.

People have big dreams and are aware of their limitations. They need guidance.

Here’s where relationships go beyond transactions.

In order to differentiate themselves and truly become indispensable to their clients, companies can position themselves as valuable partners that go the extra mile.

Due to your experience and larger scope, you can provide your customers with resources to find broader possibilities, navigate uncertainties, and contribute to making their visions a reality.

This client-centric approach solidifies your firm's commitment to being more than just a service provider, but a strategic ally in realizing individual and institutional visions.

In today’s markets, humans seek humans more and more.

Displaying your humanity through personalized support that takes the time to understand what each person needs and what will work best for them can make the difference to turn you into an invaluable part of their lives.

Becoming an all-rounder

Markets are becoming more saturated. It feels like everyone is competing for the same audience.

Differentiating yourself has never been more crucial to success.

So, pay attention to what people are seeking the most.

Embody the traditional role brands took in customers’ lives and provide them with a sense of trustworthiness, sturdiness, and stability.

Stay fresh and innovative through ideas that constantly find new ways of increasing your clients’ comfort, are most effective, and target needs before they’re even spoken.

Become a true partner that guides each individual within your audience to help them achieve their biggest goals and vision, and always go beyond expectations.

All mixed together, these principles will help you find a balance that adds true value.

If you’d like to hear more about this strategy and how it led to a real success story, listen to this week’s TOP CMO episode with Morgan Stanley’s CMO, Alice Milligan!

Ever thought about creating your own thought leadership content? At TOP Thought Leader, we amplify new and established voices so they can become pioneers of their generation. Get in touch with us and embark on your journey!

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