Branding today Brands are about
meaning and experiences. Clients want/need measurement and accountability. They need to link branding to future profitability.
Branding today Source: Millard Brown
When Ford bought Jaguar, the physical assets of the company represented only 16% of the value. On average, intangible assets of the world’s top companies represent 70% of their market value. Increased Margin. Increased Market Share.
Branding today Macro brand --
its essence/soul Brand Relationship Drivers (B.R.Ds) Why I [the consumer] purchase your product Two layers to branding today
B.R.D. Mapping Define the core
brand ideas, beliefs and personality. Link to the rational and irrational reasons consumers choose you Like a chameleon -- same animal but it changes to match its surroundings.
B.R.D. Mapping - Quantitative Did
we identify the essence properly? Are the B.R.D.(s) real? Are they segmentable? Are the segments worth targeting? Will talking to one alienate another?
What did he say? Brands
are more than just a promise, they are a complex, multifaceted beings. People form relationships to brands… but not always for the same reason. B.R.D. Mapping seeks to unearth relationship drivers, and link them to purchase.