The document discusses common myths about rebranding. It asserts that rebranding is not just a marketing strategy but a comprehensive organizational change requiring 12-18 months and significant resources. A new logo alone does not constitute a rebranding. Choosing a new brand name that communicates purpose and differentiation can be difficult. It also takes time, around a year, for a rebranding to fully take effect as changing people's perceptions requires promotion and patience. Proper planning while ignoring rebranding myths is key to rebranding success.