While the Millennial generation is made up of millions of individual teenagers and young adults with different attitudes, the total sum of those personalities creates a brand in and of itself. Through my research for this blog I've encountered many articles (often cited here) that discuss what Millennials are attracted to in brands, but few that have discussed the Millennial brand itself and how it has been shaped.
Scott uses his peers, Generation X, as his method of comparison throughout the presentation. Given Gen X was the last full generation to come of age, it's interesting to analyze the similarities and differences between the two generations. As Scott points out, at one time members of Gen X were seen as wild and crazy kids clashing with the Baby Boomer generation. He uses terms like lazy and entitled to describe them - sound familiar?
For the purposes of this blog, I'm less interested in the "Why We Hate" them theme and want to focus on the brands Scott uses to make his points. When comparing "cliquish, judgmental" Gen X'ers to "inclusive, tolerant" Millennials, Scott uses Abercrombie & Fitch as the poster brand of Gen X where the cool kids "create a secret clubhouse in the mall" in contrast with American Eagle which has prospered by embracing an identity where "everyone is hanging out together at the high school football game."
One may wonder is this a case of the chicken or the egg? Did the brands shape Millennials or have they shaped the brands thus inspiring others to mimic what they are attracted to? I believe it's the latter. As compared to "anti-corporate" Gen X, Scott highlights the Millennial generation's tendency to feel large corporations are actually best positioned to solve the problems they may have created and they support companies who do so (Scott uses the great example of Starbucks' Ethos water.) What I find most interesting is that many companies transcend both generations, but appear to be embracing Millennials because of their positive outlook, and in turn Millennials embrace those companies.
Based on TRU's research, Apple is reported to be Millennials' top brand by a long shot. We could probably write several books on how well Apple has marketed their brand. Thankfully Scott highlighted several key factors by deconstructing Apple's brand to understand who Millennials aspire to be. I've highlighted a few below:
- Premium, yet accessible
- Savvy, yet approachable
- Massively personal