Building brands doesn’t stop because of pandemics and major market upheavals.
Whilst many brands have had spectacular pandemic success, skillfully pivoting and navigating to a more online execution, a large number have at best survived rather than thrived – and a fair few have in fact “languished” (the inevitable word of 2021) somewhere in between.
It is without question that an investment in brand is a positive thing for business. Long term development of positioning and customer interaction as a strategy has been successfully applied by companies including Nike to Netflix, Tesla to Tesco and many more more.
These businesses transcend their markets because they have a strong value set and clear positioning that runs right through their business that is diligently and consistently adhered to in all their public and private dealings.
And when it comes to brand – and what people say about you when you’re not in the room – the question “Am I proud of this?” has never been a more appropriate way of assessing quality.
This works at a strategic and tactical level. Because when we judge how effective our efforts are in terms of building brand, it is being assessed differently by different people within the organisation.
The difference between a brand, branding, and brand identity
We need to get clear on the semantics before we can set some parameters to work to.What is a brand?
A brand is much more than a recognizable name, logo and strapline. It’s the total presentation and perception of your business, which means a brand only truly exists in the minds of customers. Every interaction a customer has with your organisation impacts their view of your company. And every one of these interactions sends a message which leading companies reflect in their brand strategy.What is branding?
Branding can be explained as the actions you take to create a distinctive, memorable brand. It requires clear, coherent, creative and consistent action to ensure you are presented in the best way possible and that customers understand and believe this too. Branding is critical to business success because it- Helps create clarity. Having a clear brand strategy and purpose helps you stay focused and make better marketing decisions.
- Achieves stand out from the competition. Customers are battered with thousands of messages every day so standing out from competitors with a strong brand that lives up to what is promised matters.
- Builds recognition. A consistent brand helps customers know what to expect every time they interact with your business, putting them at ease. Think of retail chains where the experience is the same everywhere in the world.
- Connects you with your customers. A strong and coherent brand makes people feel good when they buy your products or services. The strongest brands tell stories or stand for causes that draws people to them.
- Builds customer loyalty and referrals. People tend to choose companies they are familiar with, and because people love to share good experiences, referrals often follow.