The document discusses the importance of naming and positioning a brand. It provides a 5-step naming process: 1) Understand name types, 2) Competitor analysis, 3) Generate a root word, 4) Create permutations, and 5) Checklist. A winning name requires no introduction and gives the brand clout with little advertising. Positioning creates the brand's mental space and a distinct positioning statement along with value proposition and messages are developed. When naming a brand, it is treated as if it is alive with qualities, goals and relationships rather than just naming a startup.