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The Coherence Premium 
SIMON RAMLAN 
SUNU FEBRIAWAN PRAYOGO 
Brand Management
Definition: 
Aligns its differentiating internal 
capabilities with the right external 
market position. 
Company growth emanates not from the core but from 
the acquisition of apparent adjacencies that are often 
anything but and the exploration of "blue oceans" that 
turn out to be unswimmable 
Focus on what you do best and 
make every decision across 
every business
Distinctive capabilities system 
Marketplace opportunities 
Coherence Premium 
Outsize 
Returns
Logistics Operation/Buyer Power Company 
Success?? 
Aggressive Vendor Management 
Expert Point-of-Sale Analytics 
Superior Logistics 
Rigorous Working-Capital Management 
Everyday Low Prices
The Power of Coherence 
“Right to Win” 
5 
Capabilities System 
Way To Play 
Product & Service Fit
• Science-based Innovation 
• Rx-OTC Switching 
Claims-based Marketing 
Ability to Influence Regulatory MGT 
and GVT Policies 
• Channel MGT 
• Portfolio MGT 
SUCCESS!
The Coherence 
Test
Losing 
#Winning
Aligned Strategy Capabilities System Product/Service Portfolio 
= 
Winning
Aligned Strategy Capabilities System Product/Service Portfolio 
= 
Winning

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