Business > Branding > B.U.I.L.D. A Great Brand
0
Reviews [ add review ],
Article rating : 0.00, 0 votes. Author : Fard Johnmar
Powerful brands are built, not born. A quick perusal of global marketing
consultancy Interbrand’s fifth annual ranking of the world’s top 100 brands clearly
demonstrates this fact. Released last summer, Interbrand’s listing illustrates the
value of having a disciplined and methodical approach to brand building. According
to Interbrand, the most valuable brands "focused ruthlessly on every detail of their
brands, honing simple, cohesive, [consistent] identities."
That’s a great insight, but where does that leave the small or medium-sized
organization? Most do not have the resources to mount a comprehensive global
branding campaign. Are there any methods employed by the "big boys (and girls)"
that they could apply to their branding efforts?
Fortunately, the answer to this question is yes. Simply put, for branding success
think: B.U.I.L.D. B.U.I.L.D. stands for Big, Unrelenting, Intelligence, Love and Daring.
Read on to learn more about this concept.
B = Big
The best brands are big -- and I don’t mean in resources. Rather, they take up a lot
of "head space" by making an impact. When you encounter a big brand, you
immediately know what it stands for.
Take the restaurant chain Cheeseburger Cheeseburger. Now that’s a big brand.
This fast-growing franchise’s focus is on serving good cheeseburgers the old
fashioned way. This concept is reinforced in everything from the décor of their
restaurants (fifties diner) to their menu (four different burger sizes with lots of
cheese and topping options).
Millions of people have embraced Cheeseburger Cheeseburger’s unique, fun-loving
brand. New restaurants are opening regularly and Entrepreneur Magazine ranked
Cheeseburger Cheeseburger as America’s number-one full-service burger franchise
in 2003.
U = Unrelenting
Successful brands are unrelenting in their consistency. According to Interbrand,
large companies achieve consistency by operating "as a single [brand] everywhere in
the world." For example, the bank HSBC communicates the same effective message
everywhere it operates: "The world’s local bank."
Organizations of all sizes can achieve consistency by ensuring that they present a
uniform image to all of their customers or constituents. Logos, letterhead, Web
sites and other collateral materials should be similar. In addition, organizations
should engage in activities that reinforce their brand. To use an extreme example,
a not-for-profit specializing in Everglades clean-up should devote 90 percent of its
efforts to this activity. People and potential donors will be confused if the
organization suddenly begins touting itself as a healthcare insurance advocate.
I = Intelligence
To remain on top, powerhouse brands have to be intelligent. This is especially
important in today’s high-technology world. One example of an intelligent brand is
Coke, which Interbrand ranked number-one in overall brand value.
Coke established its brand through traditional television and print (newspaper,
magazine) advertising. Now, Coca-Cola has decreased its traditional advertising
spending and moved toward new on-line and entertainment communications
channels – partly through product placement.
Smaller organizations can practice intelligent branding by exploiting new trends in
how people consume information. For example, a mid-sized public relations firm
wishing to reinforce its reputation for innovation and intelligent analysis might
launch a blog or weekly podcast.
L = Love
Customers appreciate and reward brands that care about the product or service they
produce. Much has been made of Apple’s canny use of MP3 technology to establish
itself as a global leader in on-line music. However, another pillar of Apple’s success
is the fact that the company clearly loves making innovative and quality wares.
Everything from the design to the packaging of Apple’s products is well conceived.
To establish a great brand, organizations should love what they produce and care
about their customers or constituents. Nothing will undermine a brand’s value
more than a poorly developed product or service. In addition, organizations should
be quick to correct problems whenever they arise.
D = Daring
Top-flight brands have to be daring -- within reason. If aligned with an
organization’s overall goals, risk-taking can be very beneficial. BMW is one
example. The company wanted to reinforce its brand value with customers that are
increasingly tuning out advertising. It picked an unlikely solution: short Internet
films. The films, which began appearing in 2001, featured BMW cars and were
produced by top directors like John Woo. BMW’s risk was rewarded by an 8 percent
rise in its brand value between 2004 and 2005, as measured by Interbrand.
Organizations should consider taking calculated risks to reinforce or reignite their
brands. This might mean partnering with an organization in a different industry to
achieve shared objectives. Being open to a little risk may reap great rewards.
Building great brands requires know-how, creativity and a little luck. However, with
perseverance and discipline, organizations of all sizes can achieve branding
success.
(c) 2006 Fard Johnmar
Fard Johnmar is founder of Envision Solutions, L.L.C., a full-service healthcare
marketing communications consulting firm. Envision Solutions provides
innovative products and services to not-for-profit and for-profit
organizations. Envision Solutions’ goal is to make our clients more efficient
and successful. For more information about Envision Solutions please visit
our Web
site.
Article reviews
Post your review
[ Note : no HTML/URLs - will removed automatically ]
More articles from Business > Branding
|