brand strategy

15
BRANDS DEVELOPING AND IMPLEMENTING SUCCESSFUL BRAND STRATEGY

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Page 1: Brand Strategy

BRANDS DEVELOPING AND IMPLEMENTING

SUCCESSFUL BRAND STRATEGY

Page 2: Brand Strategy

A Brand is more than a logo

Page 3: Brand Strategy

A brand is the sum of the mental connections a person has in relation to a product or service

Brands only exist in the mind of the market

Page 4: Brand Strategy

Choose?

Page 5: Brand Strategy

The value of Brands are realised through customer choice

Shareholder value is created through the choice of customers to transact on the basis of the associations they hold in respect to a product, good or service.

Without an identifiable brand customers have no clear way of:   choosing one alternative over another   discerning the option that best meets their needs   rewarding businesses that have genuine competitive advantage

Page 6: Brand Strategy

Why should a customer choose you?

Company A

Company B

Company C

Page 7: Brand Strategy

The strongest Brands are built upon competitive advantage

Customers choose brands where the mental associations reflect:

-  Value propositions that meet the needs of customers

-  Benefits that differ from alternatives in ways that are relevant to customers

-  Values that appeal to customers’ own beliefs or aspirations

Brands are built upon both rational and emotional advantage.

Page 8: Brand Strategy

Brand Strategy is a business imperative

Businesses have a brand even when they do not have a brand strategy.

If you don’t invest in defining the meaning of your brand, the market will define it for you.

Page 9: Brand Strategy

Brand Strategy is an extension of Business Strategy 

Where does the business compete? 

How does the business create value? 

How does the business create a return  for shareholders? 

How does the business leverage  compe==ve advantage? 

How does the business a>ract and  retain talent? 

Which customers does the brand serve?  

What are the needs the brand fulfils? 

What are customers prepared to pay for a brand that delivers value? 

What makes this brand different from others 

What does the brand stand for beyond making money? 

Page 10: Brand Strategy

Brands are built from multiple influences

Brand Strategy must address controllable & uncontrollable influences

Sponsorship

Advertising

Product/Service Experience

Editorial Comment

Endorsement

Observation

In-Store

Brand 

Word of mouth

Social Media

Promotion

Logo design

Page 11: Brand Strategy

The alignment of brand strategy with culture and values is cri=cal 

•  In most businesses, people are a cri=cal component of brand strategy 

•  The can be highly influen=al in determining customer experience in dealing with the brand 

•  Strong brands are underpinned by a culture that is in harmony with the brand 

Page 12: Brand Strategy

How does your Brand Strategy stack-up?

Our Brand Strategy is…. Yes No Don’t Know

Clearly linked to our business strategy - How we manage our brand and the investments we make in branding can be clearly tied back to our business goals, objectives and outcomes.

Based upon the rational & emotional need of our target market – Our target market is clearly defined and we have solid research that backs-up our understanding of what customers need from businesses like ours.

Effective in differentiating us from the competition – Customers clearly see our brand as different from competing alternatives in ways that really matter to them

Integrated across all points of influence – Our planned investments in our brand are consistent across all customer touch points. We are consistent in our controlled communications through web, PR, sponsorship and advertising and most importantly, in the experiences customers have when they deal with our business.

Understood by our staff & business partners – If I asked each staff member or business partner what our business stands for and what makes us different in the eyes of customers, I would get a consistent response that really reflects our brand strategy.

If you answered anything other then “Yes” to any of the above, you have work to do on your brand strategy.

Page 13: Brand Strategy

So, how do you unlock the value of a brand? 

Page 14: Brand Strategy

Brand Navigator’s 8-step process

Business Strategy 

Brand Development 

Brand  Adop=on 

Brand Implementa=on 

Client 

1

5

3 7

2

4 6

8

Discovery

Insight

Strategy Alignment

Positioning

Identity Development

Employee Alignment

Go to Market Planning

Implementation

Scoping & Customer Research to identify

rational & emotional needs

Internal Workshops to agree target market &

value proposition

Architecture – Linking Brand to Business goals & outcomes

Naming & attribute definition

Link to culture & values

Develop Brand identity & guidelines

for application

Communication planning across touch-points &

processes

Execution – including monitoring of brand

performance

Page 15: Brand Strategy

For advice on unlocking the value of your brand contact: 

Dean Harris – Director [email protected]

Cecile Thornley – Director [email protected]

Or visit: www.brandnavigator.com.au