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MEGAN REDFORD :: MANAGERIAL MARKETING :: 03.19.11
COMMITTMENT
TELL STORIES
CLARITY
UNDERSTANDING
AUTHENTICITY AUTHENTICITY
RESPONSIVENESS
(IR)RELEVANCE
PRESENCE
CONSISTENCY CONSISTENCY
DIFFERENTIATION
M redford branding_ ignite
M redford branding_ ignite
M redford branding_ ignite
M redford branding_ ignite

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M redford branding_ ignite

Editor's Notes

  1. SLOW. Hello, I’m Megan Redford, and I am pleased to Ignite all of you on the topic of branding. What is branding? Essentially, it is the internal and external expression of the positioning statement.
  2. MED. A brand is a company's face to the world, and it’s reason for being. Brands are a way for a product or service to differentiate itself from competitors who are designed to meet the same need.
  3. FAST. Strong brands are part of the everyday culture. A brand symbolizes a promise, and represents a known value for consumers. Branding is about getting consumers to perceive you as the only solution to their problem.
  4. FASTDavid Ogilvy, who is often called the “father of advertising” says: “There isn’t too much difference between various brands of coffee; the one that gets the biggest share of the market is the one with the best image.”
  5. The images on the screen are from just one 60 second Nike commercial. Great brands are able to tap into emotions, and create a feeling of involvement, trust, and high quality for consumers.
  6. FASTA brand’s existence  can be perilous. It takes years to cultivate, yet one event can damage or destroy a brand. In today’s landscape, consumers now play an active role in determining that fate.
  7. FAST There are many marketing advantages of strong brands; improved perceptions, loyalty, competitive insulation and price premiums. The following is a “Top 10” list of attributes that many of the worlds’ strongest brands share.
  8. FAST. An organization’s internal commitment to the brand is critical. Commitment is the support a brand receives in time, influence and investment. Brands can also be worth the money. Coca cola’s brand value is estimated at $70 billion.
  9. FAST. Strong brands use narrative power and creativity. Stories tap into consumers’ emotions, simplify their decisions, and engage them to want to know more. Nike’s ongoing narrative is the “archetypal hero”.
  10. MEDTo have clarity…….a brand’s values, positioning and proposition must be clearly articulated and shared across the organization, along with a clear view of its target audiences, and customer insights.
  11. SLOWCustomers should quickly recognize the brand, and have an in-depth understanding of its distinctive qualities and characteristics, and what benefit they get out of adopting and associating with it.
  12. SLOWAuthenticity is having a defined heritage and a well-grounded set of values. A consumer’s desire for authenticity has always been essential, and the recession has only magnified this need.
  13. SLOW. RESPONSIVENESS is brand’s ability to adapt to market changes, challenges and opportunities. The brand should have a desire and ability to constantly evolve and renew itself.
  14. Remaining relevant is paramount for a brand, and is represented by how well it fits with consumer needs and desires. If a brand fails to meet these changing needs, it will slip slowly into IR...Relevance.
  15. This is about how much a brand feels omnipresent, and its ability to surround it’s consumers at every interaction. Presence is also represented by how positively consumers, customers and opinion formers discuss the brand.
  16. CONSISTENCY is the way a brand is experienced by consumers across all touchpoints by having the same look, feel, tone and experience. Brand consistency is critical across all marketing elements.
  17. FAST. DIFFERENTIATION is the ability for customers to perceive a brand positioning that is distinct from the competition. A brand like Apple is a great example, which only strengthens its user loyalty with ongoing commitment to ease, design and functionality.
  18. Prior to the emergence of the internet and social media, brands used to be built and manged from the the company outward, in a controlled, one way one way stream of communication.
  19. FAST. Yet, the relationship between brands and consumers is now far more complex than the traditional models and tactics. Finding consumers and building two-way relationships is more like navigating through a maze.
  20. FAST. Branding is now in the age of real time, and brands are constantly stressed tested for relevance and value, and can are easily named and shamed by consumers. Brands can no longer hide, because consumers have joined the conversation. Kara will build further on this idea. Thank you.
  21. Kara will build further on this idea. Thank you.