Posts Tagged ‘brand position’
Do you completely understand what a brand positioning statement does? Do you know how it is used and why it’s critical for your brand? Has your company adopted a well thought out brand positioning statement?
Well, if the answer is no to any of these questions, you should definitely keep reading. Even if you listed three yeses, there are more than likely some key insights to be taken from the insights below.
First of all, it’s best to explain the philosophy, interpretation and practicality of using such a critical strategic tool. Simply stated, a brand position statement should provide the underlying platform for all communications. It should distinguish and differentiate the company in its market by constantly articulating its point of differentiation and unique value.
More than most industries, a corporate brand positioning statement is crucial to the success of a technology company. In most cases the tech consumer is choosing the specific product based on his or her confidence in the brand. How the technology company positions itself within the marketplace is paramount in the decision buying process.
So what exactly is a brand positioning statement? It is a simple, concise written statement of the concept and parameters behind a brand meant to convey a brand’s supported point of distinction relative to competitors.
The main components of a well-crafted brand positioning statement include:
1. Definition: How does the company define itself?
2. Differentiation: What makes the company special?
3. Deliverable: What value does the company deliver to all customers?
Following this cadence and structure really forces a company to examine its brand strategy. My experience shows the most successful brands have powerful brand positioning statements that control the brand’s destiny as well as drive internal and external communication. This statement is at the heart of differentiation for every brand strategy I have developed.
As you ponder an existing brand positioning statement, or the creation of a new one, consider the following points to ensure its truly unique and differentiating.
1. Credible: Will people believe it?
2. Relevant: Will people care?
3. Unique: Can anyone else believable claim it?
4. Durable: Will it last?
5. Inspiring: Will it engage people emotionally
If you follow this thinking, you can be assured the brand positioning statement will not only be effective but also stand the test of time.
So, now what do you think about a brand positioning statement? Can a successful brand live without it?
Please send us your comments and experiences. Let’s hear some more ideas on ways to create a winning brand positioning statement.
In the first of two parts we explore what is a Brand Audit and why tech companies choose to conduct them.
Remember the fantastic scene from “A Few Good Men” where Lt. Daniel Kaffee (played by Tom Cruise), an inexperienced military trial lawyer, confronts a seasoned Marine Colonel Nathan R. Jessep (played by Jack Nicholson) about the facts surrounding the apparent murder of a fellow Marine? “I want the truth!” exclaims Kaffee in the courtroom. “You can’t handle the truth!” shouts back Jessep.
Although it is sometimes hard to ‘handle’ or swallow, the truth is the idea behind conducting a brand audit. More so than some other industries, tech companies need to know the cold hard truth of how they are perceived in the marketplace. Even if the results hurt the technology brand ego. Because the first step in strengthening brand weaknesses or vulnerabilities is learning precisely where the brand value stands now.
This year, some tech companies won’t need a full-tilt, top-dollar rebranding. They may have just finished a complete rebranding last year, or recently merged or acquired other brands. They might just need a brand audit to help them with this year’s strategy and resourcing decisions.
What is a brand audit?
A brand audit is a thorough, multi-dimensional analysis to understand a company’s brand(s), its internal and external perceptions, and their strategic implications. Brand audits often include rigorous competitor brand evaluations to deliver strategic context and recommendations to its findings.
A brand audit answers questions such as:
- How do prospects really view the technology brand?
- Which brand attributes and personality does it and its competitors ‘own’?
- How much ‘permission’ does the brand have to offer new products or enter new markets?
- How cohesive and compelling is the tech brand story and promise?
- What internal and external challenges stand in the way of developing and strengthening brand to drive business forward?
- Which touch points have the most impact for building this technology brand?
- How should brand position change to be most effective against competitors?
- Is it wise to go ‘head-to-head’ with primary competitors? Why or why not?
- What differentiators do the brand offer that cannot be easily copied?
- How relevant is the brand in today’s marketplace? How believable is brand promise? How differentiated?
In many cases, technology brands ‘lead with the tech’. They believe it will be compelling enough to drive the trial, preference, and repeat business that drive future revenue. Technology is only part of the value offered by Apple, Google or Microsoft. These technology leaders all carry brand value and associations far beyond the technology they offer: prestige (or ‘everyman-ness’), cool (or not-so-cool) ‘geekiness’, self-expression, social or economic status, values, etc.
Top technology brands also carry associations related to value delivery, service quality, and relative pricing, whether it’s their products or stock. The brand value goes far beyond a technological development.
Unfortunately, executives do not always want to hear the truth about their brands. Lack of honest insights can cause uninformed decisions and leave them wondering why the numbers or performance of their brand is not improving.
Can your team handle the truth? Let us know how you uncover the honest data that leads to informed decisions.
Next time, we’ll look at the specific elements of a brand audit, and why it can be a relatively inexpensive and extremely effective tool.
Conducting a brand creation or re-branding assignment can be one of the most rewarding experiences for a marketer. But for some folks it can be a daunting task that leaves the organization with a bad taste in its mouth for branding based on one terrible experience.
Throughout the years I have heard horror stories and experienced the good, bad and ugly of branding first hand. That’s why I wanted to give you a list to help circumvent the pitfalls so many technology brands succumb to.
Here is my Top 10 list of what not to do when it’s time to conquer brand development.
1. No commitment from C-Level suite.
It is number one for a reason. If you do not have strong support from the top a branding effort is worthless and doomed for failure. Rarely can a successful brand strategy be pushed from the bottom up. Take it from experience. It simply does not work.
2. Lack of buy-in from top executives.
Connected to the first point, executive buy-in is mission critical. You will earn the support of top execs by introducing the process, expectations and specific deliverables. Ensure the executive team understands the goal and owns the outcome to secure their buy-in. For if you do not have a nod from the top, it’s highly unlikely the initiative will survive let alone thrive.
3. Setting the wrong expectations.
Specify expectations, deliverables and budget before starting the project. Do not fall into the trap of thinking the brand development process will resolve every issue. Collaboration and coordination with key stakeholders across all levels and departments of the company is critical. For example if you cannot articulate a well thought out market strategy, you won’t be able to articulate a thoughtful brand position and vice versa.
4. Absence of a cohesive process.
The process should be your best friend. If you’re not using a proven plan of attack that involves internal and external as well as competitive insights, simply stop. A smart process allows you to weed out opinions that are not supported by validated research. Anything else is fool’s gold.
5. Focusing on opinions from legacy employees can kill the process.
You’ve got to remove opinions from the equation at some point in the process to move your thinking forward. Focus on getting a current snap shot of your customers’ understanding of the category. Learn how customers view your brand against the competition. Lastly, it’s imperative you understand what is currently owned by the competition. Creating a brand position that’s currently occupied by a competitor is not a good thing. Believe me, it’s happened.
6. Failure to know category definition.
For technology companies this is a must. Often we see companies build brand strategies that are not aligned with an existing category definition. Understand where you fit according to Gartner or Forrester. Technology buyers rely on these organizations to validate their purchasing decisions. If you do not know where you fit, develop a strategy and path. Never start the brand positioning process until your team agrees on the category definition.
7. Without a clear position, you’re dead.
Every step puts you closer to an intelligent conversation on the most important topic of brand positioning. If you don’t have complete alignment on the position do not move forward with developing the brand expression. This is where the rubber hits the road. Create a positioning statement that clearly demonstrates your differentiation. This is paramount to having your executives agree to deliver brilliant creative. Lack of agreement is just cause to stop moving forward.
8. Boring brand creative expression will not go far.
Just because you’re a technology company does not mean your brand expression should be boring. This is a time to set the bar for the industry. With solid positioning you can create better brand expression and design. Push it. People remember fresh and new.
9. Employees must not only ‘get it’, but also love it and live it.
You’re only as good as the people who represent you. The worst thing you can do is create a promising brand and not have your people understand what it means and how it effects their role. Successful branding strategies usually start from the inside out. Begin with employees first before working your way out to the external marketplace.
10. Manage your brand, or it will be managed for you.
The best technology brands in the world start with a philosophy and process on how they manage the brand. They develop a well thought out management system and standards to guide the brand. The last thing you want is to have people and marketers making arbitrary decisions on how the brand should be represented and managed. This is the difference between building a mediocre brand or world-class brand.
Before embarking upon a branding journey, consider all the things that could steer the ship in the wrong direction. Knowing what could possibly go wrong will give you a better shot at staying on course.
But this is just the view from where I sit at our branding firm. What would you add or change from this list? I welcome all comments and input for other blog topics you would like to explore.
Best of luck with your brands.
Why category positioning is paramount to building a successful technology brand.
Last week we spoke about the importance of defining the category in which a technology company competes in order to develop an effective brand position. This week we are going to focus on how to approach the assignment and what you need to know to make it successful.
First of all, timing is everything.
If your tech company does not see an immediate need, the likelihood for the project to be successful will be slim. Basically, you have a few options. Wait for some major change that invokes the discussion of re-examining the positioning (like a merger/acquisition or new product/market direction) or you can create evidence (quantitative or qualitative) for the need. Take caution when developing the latter. In our experience, technology brands must take individual opinions out of the equation and use research to justify the need.
A sure fire way to create internal buy-in is to conduct the questioning we discussed in Part 1 of this series. Having your executive team reveal their understanding and thoughts as it relates to brand positioning usually gets the group talking about the need to re-examine.
Another suggestion would be conducting a simple survey to existing customers and prospects. There is nothing like fresh research to help understand the current perceptions of your brand positioning and category considerations. Lastly, if your organization is consultant friendly, it’s never a bad idea to have a third-party organization come in to give you an assessment that roles up both internal and external perceptions. Remember, if you don’t get buy-in from the executive group, you are in for a big challenge. You must develop the need.
Developing your category definition and brand positioning is not just a marketing exercise. It is a business exercise and decision that must involve your executive leadership in order for you to be successful.
Once you have buy-in from your team, it’s critical to establish a specific process with defined deliverables that everyone understands and agrees upon. Timing will be critical. Once the project starts it’s extremely important to keep momentum going for the group to stay engaged because you need to have the executive group involved throughout the process. Basically they need to commit to a few meetings and an hour-long, in-depth interview.
A typical brand development assignment of this nature generally takes around 90 days from start to presentation of final recommendations. Our brand consultants suggest getting brand strategy going with a simple kickoff meeting to familiarize the group with the process, expected outcome and their roles in the project. Fundamentally you and your selected technology brand experts need to guide the group through the assessment and discovery phase.
Here are the core pieces of the research. Make sure you not only roll up the findings into insights, but also suggest what the research will mean to the project.
1. Internal Insights: Personal interview with executives and survey of management and employees to capture strengths/weakness/gaps
2. External Insights: Customer/Prospects and industry experts (like Gartner) perceptions and driving influences
3. Competitive Review: Mapping of competitors positioning and brand strategy
4. Market Dynamics: Clear understanding of the current dynamics and future considerations/influences
Once armed with this insightful information you are fully prepared to discuss the strategic paths to developing a well-defined category definition and brand position for differentiation and growth.
In the final installment of this series, we will explore what it takes to develop winning positioning and how to build a technology brand for optimal performance.