I'm compiling notes for an upcoming white paper on branding and thought I'd share a portion with you in advance.
Some warning signs of an unhealthy brand are:
* Your brand's sources of equity have vanished
* Through the course of natural evolution and growth of your organization, certain brands in your portfolio no longer foster the organizational mission or fit in with overall business strategy
* The investments you make in your brand cannot be justified based upon the level of revenue and profit that brand returns to your organization
* Nobody within your organization can seem to succinctly articulate your brand's core values or concisely state its unique selling proposition
* Your brand is promising more than your organization can consistently deliver
* Your brand has gotten a bad reputation and new, unwanted associations have been made by consumers
* Your brand's identity seems dated or old-fashioned
* Competing brands now hold the leadership positions in the category
* Your brand is not reaching out to new, younger consumers and your brand is aging right along with your customers
* The promises of value your brand makes no longer resonate or remain relevant
* Your market has moved beyond your brand
* Your brand managers are at least second or third generation managers who were not in your organization or near the brand when the brand was created
* You do not understand who your brand's most valuable customers are or why they choose your brand
* Sales are slumping and so are profits
If you recognize any of these warning signs, it might be time to take a closer look at your brand or perform a brand audit to help ensure your brand's health and longevity.
No comments:
Post a Comment