Lisa McKnight, EVP, and Chief Brand Officer at Mattel, talked about how Mattel’s multi-year journey to recommit to Barbie’s purpose “
to inspire the limitless potential in every girl had reinvigorated the brand, which now offers the most diverse doll assortment in the world. She described tackling stereotypes as a growth driver, indeed a survival strategy, saying, “
Unstereotyping is critical to our success” laying the groundwork for the brand’s return to growth and the billion-dollar blockbuster Barbie movie.
She described how the team managed the risks associated with the project, including being willing to publicly reckon with the brand’s history in reinforcing harmful stereotypes (by naming Margot Robbie’s character “Stereotypical Barbie”). McKnight shared a topline view of the Barbie brand playbook – brand purpose, design-led innovation, cultural relevance, and execution excellence. McKnight also spoke about the brand’s evolution from a purveyor of products to an instigator of ideas: “
Barbie the movie has proved our long-term strategy to evolve from a toy manufacturer to an IP-driven company .” You can watch the conversation at this
link, starting at 1 hour 28 mins.