Archive for October, 2010
Tech Brand Audit: Analysis Drives Revenue
Welcome back to the conversation about tech brand audit. Last time we talked about the important (and difficult) strategic questions that a tech brand audit answers:
• How do customers, employees, investors and prospects really see us?
• Which brand attributes and personality do we and our competitors ‘own’?
• How much ‘permission’ does our brand(s) have to offer new products or enter new markets?
• How cohesive and compelling is our brand story and promise?
• What internal and external challenges do we face in developing and strengthening our brand to drive our business forward?
• Which touchpoints have the most impact for building our brand?
To answer these questions, usually an outside company undertakes a number of key pieces of analysis. So let’s talk about the analyses that typically comprise a brand audit, and how they help answer the strategic questions above.
Keep in mind: the ultimate purpose of tech branding is not answering tough questions or pretty logos and websites. It’s about revenue deriving from the sale of your technology/products. Revenue is driven by:
1. More people being aware of you, or increasing brand awareness.
2. The trial period of people trying your product or service.
3. Consumers preferring you and then coming back for more, or brand preference and brand loyalty.
That’s it. Period, end of story.
So what key pieces of information need to be identified to accomplish this feat? There are at least three key analyses that typically comprise a tech brand audit:
1. Competitive analysis: what competing technology providers are offering and/or copying?
2. Customer insights: how do customers think about and buy your services/technology?
3. Communications audit: how are you presenting your technology and company to the world?
I should mention here that the most critical part of brand strategy work, one almost always overlooked, is a rigorous analysis of business strategy. Brand strategy development without this critical and often difficult analysis ends up being flimsy and incomplete, even if it covers other internal, competitor and customer insights well. A thorough brand audit will highlight the specific business strategy issues that senior management needs to iron out before working on the brand.
For the purpose of this blog I’ll focus on communications audit (point number 3 above), which includes reviews of the following brand communication components:
- Collateral
• Brochures
• Data Sheets
• Case Studies
• White Papers
• Annual Reports
• Advertising
• Stationery/Business Cards/other branded 2D items
- Digital
• Website
• Videos
• Social Media
• PowerPoint
- Tradeshow Booth: Interior/exterior
- Signage
- Logo
- Product nomenclature/architecture
- Brand guidelines
Each of these components is reviewed with the following questions in mind:
• How cohesive and compelling is our brand story and promise?
• How effective and relevant are these pieces in communicating our unique value to the world?
• Do these support our business now?
• Do these support our plans for the future?
If any answers to these four questions are not a resounding “Yes!”, then this piece of a brand audit has done its job. Namely, highlighting areas of the brand, and possibly business strategy as well, that need rigorous and thoughtful development and execution.
Next time, I’ll give some insight into the first of two points relating to a tech brand audit: customer insights and competitive analysis.
If you have any questions or comments about a brand audit please do not be shy, I’ll be quick to respond and happy to assist your efforts.

