Corporate Work
In the late 1980s, Penn was the force behind his firm's drive to win corporate consulting clients. Texaco, which was experiencing image problems due to bankruptcy at the time, was the firm's first major corporate client.
In 1993, Penn, Schoen & Berland was engaged by AT&T's new advertising agency Foote, Cone & Belding to guide a response to MCI's "Friends and Family" plan, an upstart competitor for AT&T's long distance services. To help AT&T understand how best to counter MCI's strongest messages, Penn created the ‘mall testing’ methodology for competitive advertising research. In the ‘mall tests,’ Penn showed randomly selected mall shoppers MCI ads head-to-head with proposed new AT&T ads. Using this methodology, Penn's firm determined messages resulting in AT&T's "True" plan and its $200 million advertising campaign. As a result of this campaign, by the end of 1994, AT&T had signed up 14 million new long-distance customers.
Penn has served as a key strategic advisor to Bill Gates and Microsoft since the mid-1990s. Penn began working with Microsoft when the company faced antitrust litigation initiated by the U.S. Justice Department. Penn also created the famous "blue sweater" advertisement that featured Bill Gates and was instrumental in reclaiming the company's reputation. In 2006, a survey of global opinion leaders found that Microsoft was the world's most-trusted company, a development which The Wall Street Journal partially attributed to Penn's advice.
His other corporate clients have included Ford Motor Company, Merck & Co., Verizon, BP, and McDonald's.
Read more about this topic: Mark Penn
Famous quotes containing the words corporate and/or work:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as thatbut that isnt simple.”
—Louis B. Lundborg (19061981)
“There is no reason why parents who work hard at a job to support a family, who nurture children during the hours at home, and who have searched for and selected the best [daycare] arrangement possible for their children need to feel anxious and guilty. It almost seems as if our culture wants parents to experience these negative feelings.”
—Gwen Morgan (20th century)