Holistic
branding, Conscious Capitalism, Branding 360; are these simply a
collection of phrases to define Branding Excellence? If so, what is
branding excellence and how do we pursue it?
According
to branding expert Ron Strauss, 83% of a company’s market value
today is represented by their intangible assets (brands, quality
processes, relationships, etc.) Most think of brands in the context
of communications. But building a strong, credible brand starts with
building the right foundation across the entire company. Using the
acronym developed by marketing Guru, Raj Sisodia, it is thought
leadership built on embracing and collaborating with SPICE; Society,
Partners, Investors, Customers, Employees.
It
is evident that the pursuit of excellence within branding has to be
thought of as a holistic system in which there are a number of
elements present. It moves beyond simply being about making profits,
to embracing the very raison d'etre to create something of intrinsic
value that resonates with the needs of customers and with society at
large, whilst embracing the needs of varying stakeholders.
From
the outset, it is clear that senior leadership support is essential
in creating and driving the sustainable brand journey. It has to be
approached in a purposeful and meaningful way. Such credibility is
all about trust, setting and delivering expectations consistently
over a prolonged period of time. True brand excellence merges both
the external facing products, services and experiences with
operational credibility across supply chain, culture, recruitment and
processes.
The
key to keeping this real is to keep things fresh; not allowing the
brand to be ladened down by actioning of the strategy, but creating
strong differentiated brands which deliver real benefits, in a fresh
consistent way allowing them to evolve and mature, in a similar way
to that of one's personality and character which grows and develops
through experience.
There
is much to be said with personification of a brand; for a true brand
should be able to stand such a test. What values does it uphold? What
is its character? How and with whom does it engage? What benefit does
it bring to society? Essentially, (in the words of P&G)
every
brand must define its purpose of how it uniquely touches and improves
lives with its superior benefit.
To
do that, we need to embrace and acknowledge the role of every
communication channel, not purely digital, design, PR, sponsorship,
partnerships (the list goes on), but every applicable tool that is
going to actively connect with people in your world.
To
close, I would like to leave you with three challenges:
- Understand what drives you and how you can make a difference in your sphere of influence.
- Find new ways to broaden your horizons, educate yourself and learn.
- Get creative – listen to a new radio station, take a different route to work, go to a different performance genre, read a difference newspaper, step out of your comfort zone.
In
challenging yourself, maybe you will bring something different and
more insightful to your next brand session, planning meeting or
pitch.