SlideShare a Scribd company logo
4 pm | June 2015
opinion
Please mind the
gap
A
t its most simple, branding is
what differentiates your firm
from all the others and we all
know it is much, much more
than just your logo. The difficulty is that
many law and accountancy firms offer
almost identical services for similar
prices in very similar ways. In addition,
many are attempting to adopt the same
positioning: professional, trusted,
friendly, expert, etc.
True impression
Branding is all about the impression you
have created in your market’s mind and
this becomes your brand equity. Every
day we make sophisticated choices based
on our brand knowledge – but that
knowledge is not just based on well inten-
tioned branding and marketing efforts.
Our focus is on trying to get clients to
know us, like us and most critically to
trust us. Quite simple really – but some-
times there is a dissonance. Brands can
either be unintentionally undermined or
at the extreme the desired brand image is
the polar opposite of the reality. Before
Woolworths went bust they ran a highly
acclaimed TV advertising campaign, but
their stores hadn’t changed and
customers were disappointed.
Real equity
A number of years ago I ran a research
project for one of the then big six
accountants into how the top 100
Yorkshire businesses perceived them all.
What was most interesting was how
different, for each firm, yet consistent the
Tim Collins looks at the real role of CSR in building
a firm’s brand equity. It is far from simply the charity
run or reading classes at the local school – it’s more
fundamental.
and suppliers. How do staff feel when a
firm trumpets their growth figures and
their partners’ drawings yet have a wage
freeze? Equally, think of the firms and
individuals that you admire: what is it
they do and how does that shape your
perception of their firm?
Integrity
Stories will filter out into the market and
they can either enhance or damage your
branding and your business. You build
your branding internally and that creates
the integrity of the story that you can
then tell. So next time you are reviewing
your branding or planning a marketing
campaign, stop. Step back and focus on
the key values and ask yourself is this
consistent with the reality?
Alignment
There must be an alignment between
what you do – the experience of your
staff, your clients, your competitors and
your suppliers. If you look at the firms
that are struggling or indeed recall those
that have gone bust – weren’t they all
trying to position themselves with the
pack? The challenge is for authenticity, to
work through the issues we face and to
develop a transparent positioning that
has integrity.
Professional service firms need to
have some joined up thinking so that
there is consistent engagement internally
and externally. We can develop real
capital and value from running our busi-
nesses ethically and responsibly from
inside to out.
We can develop real
capital and value from
running our
businesses ethically
and responsibly from
inside to out.
perceptions were both for clients and
non-clients. The psychographs we devel-
oped highlighted the firms’ perceived
attributes and quite starkly their relative
strengths and weaknesses. These were all
top, very successful firms, with excellent
people and great clients yet the market
had developed sharply defined percep-
tions of these firms – their brand equity.
Reality check
Brand equity is built on the messages we
send out, the experiences of the market
and our actual behaviour. Let’s just
consider how a firm treats its staff, clients
This article originally
appeared in professional
marketing magazine. For
further details go to
www.pmforumglobal.com
pm | June 2015 5
opinion
Tim Collins is a listener,
trusted advisor, coach and
trainer. For 16 years he was
the practice director for No.6
Barristers Chambers. He
now runs his own consul-
tancy. Visit asktim.org
Central station. Someone walks by and
drops some money missing the cup and it
falls to the floor. JB’s character complains
“he didn’t even look at you” to which the
beggar explains “Well he’s paying, so he
doesn’t have to look.” We need to look,
engage and build internal relationships as
well as with our CSR partners if it is going
to have any authenticity.
A brand that adds values
Your clients, staff and suppliers are
smarter than you think. I believe that real
communication is not about what we
want to say. Rather, and more impor-
tantly, it is about what people are willing,
able and likely to pick up. Beer glasses
were recently given to solicitors at a
charity pub quiz run by a chambers with
the slogan “Solicitors couldn’t give a
XXXX for anyone else – ABC Chambers”.
Now you can probably see what they were
intending as well as how it could be inter-
preted! The same is true about your
branding and CSR and the greater the
difference between your claims and the
reality the greater the possible damage.
What are your real values? Is
everyone bought into them? Do your staff
feel valued, appreciated and engaged?
How do your suppliers see you, do you
pay them within 30 days? Do you have a
real and equal relationship with the char-
ities and projects you support? The big
gestures are often just seen as that but
the unexpected small acts of kindness
have a disproportionate impact. Do watch
Tom Peters’ short video where he
describes a fantastic example of the
power of kindness. It costs nothing but is
a priceless commodity to harness in any
organisation.
Trust
We must also look at how our world is
changing and how trust has become the
new green every firm is chasing. Jim
didn’t fix it, the banks lost our money, the
press lost the plot, and our politicians lost
their way. And those professionals we
thought were there to protect us only
seemed to look after themselves.
The firms that understand the power
and true value of developing an authentic
brand will be the ones we trust.
Can CSR drive our branding?
I asked Helen Beachell, director of
Yorkshire based charity Simon On The
Streets, for some perspective: “Forward-
thinking businesses will find a cause to
align themselves with and will then inte-
grate that cause into all levels of the
organisation, engaging staff, customers
and suppliers alike. Simon On The
Streets works very closely with its
supporters to ensure that a relationship is
built with the people within the busi-
ness.”
Ricky Alfred, managing consultant at
csr4u, has a broader and perhaps even
more challenging perspective: “‘CSR has
moved beyond how companies work with
and support charities, to how they do
business overall, considering every aspect
of their operations and seeking to remove
or lessen the negative impacts and behav-
iours that there may be. Those that get it
right are seeing it positively affect their
reputation and commercial perform-
ance.”
An organisation’s culture must be at
the centre of its CSR. This is the font and
source for our values but also where we
walk the tightrope between for example
the legitimate pursuit of profit (see
Carroll’s CSR Pyramid) and the corrosive
driver of greed. As many now comment
on leadership we need to step back and
instead of focusing on what we have to do
we need to explore how and why?
Real cost
When I worked for P&G many years ago I
suggested the idea (from a mate’s dad) to
run a staff salary sacrifice to raise money
for an early Children in Need. Staff would
simply opt to round down their monthly
salary to the nearest 10p, 50p, £1, £5, £10
or £100, running it for a few months
would generate tens of thousands of
pounds. However, my idea was rejected
as it was not team building and didn’t fit
into their strategy. I watched the show
when smiling P&G staff excitedly
explained about their various fun projects
and presented a cheque to Terry Wogan
for £50,000. Is it me? It could have been
£100,000! Yet I know their CSR has
moved on hugely since then. Maybe we’re
relearning the lessons from the Victorian
industrialists and philanthropists like
Salt, Rowntree and Cadbury.
Balance of power
But how does this really sit within a firm
that bullies its staff and suppliers? We see
some corporate charity or fundraising
events and may think “that’s a bit rich” so
is anyone really fooled? Are some firms
simply ‘giving’ so that they can fulfil a
CSR tick box requirement for their
commercial requirements? There is a
difference between being parted with
your money and genuinely giving. There
is also an issue of power and our under-
lying motivation. Is it an effort to
compensate for poor ethical behaviour or
to try and impress others?
There is a great scene in the film The
Fisher King where Jeff Bridges’ character
is with a legless veteran begging at Grand

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PM Forum Magazine Branding & CSR

  • 1. 4 pm | June 2015 opinion Please mind the gap A t its most simple, branding is what differentiates your firm from all the others and we all know it is much, much more than just your logo. The difficulty is that many law and accountancy firms offer almost identical services for similar prices in very similar ways. In addition, many are attempting to adopt the same positioning: professional, trusted, friendly, expert, etc. True impression Branding is all about the impression you have created in your market’s mind and this becomes your brand equity. Every day we make sophisticated choices based on our brand knowledge – but that knowledge is not just based on well inten- tioned branding and marketing efforts. Our focus is on trying to get clients to know us, like us and most critically to trust us. Quite simple really – but some- times there is a dissonance. Brands can either be unintentionally undermined or at the extreme the desired brand image is the polar opposite of the reality. Before Woolworths went bust they ran a highly acclaimed TV advertising campaign, but their stores hadn’t changed and customers were disappointed. Real equity A number of years ago I ran a research project for one of the then big six accountants into how the top 100 Yorkshire businesses perceived them all. What was most interesting was how different, for each firm, yet consistent the Tim Collins looks at the real role of CSR in building a firm’s brand equity. It is far from simply the charity run or reading classes at the local school – it’s more fundamental. and suppliers. How do staff feel when a firm trumpets their growth figures and their partners’ drawings yet have a wage freeze? Equally, think of the firms and individuals that you admire: what is it they do and how does that shape your perception of their firm? Integrity Stories will filter out into the market and they can either enhance or damage your branding and your business. You build your branding internally and that creates the integrity of the story that you can then tell. So next time you are reviewing your branding or planning a marketing campaign, stop. Step back and focus on the key values and ask yourself is this consistent with the reality? Alignment There must be an alignment between what you do – the experience of your staff, your clients, your competitors and your suppliers. If you look at the firms that are struggling or indeed recall those that have gone bust – weren’t they all trying to position themselves with the pack? The challenge is for authenticity, to work through the issues we face and to develop a transparent positioning that has integrity. Professional service firms need to have some joined up thinking so that there is consistent engagement internally and externally. We can develop real capital and value from running our busi- nesses ethically and responsibly from inside to out. We can develop real capital and value from running our businesses ethically and responsibly from inside to out. perceptions were both for clients and non-clients. The psychographs we devel- oped highlighted the firms’ perceived attributes and quite starkly their relative strengths and weaknesses. These were all top, very successful firms, with excellent people and great clients yet the market had developed sharply defined percep- tions of these firms – their brand equity. Reality check Brand equity is built on the messages we send out, the experiences of the market and our actual behaviour. Let’s just consider how a firm treats its staff, clients This article originally appeared in professional marketing magazine. For further details go to www.pmforumglobal.com
  • 2. pm | June 2015 5 opinion Tim Collins is a listener, trusted advisor, coach and trainer. For 16 years he was the practice director for No.6 Barristers Chambers. He now runs his own consul- tancy. Visit asktim.org Central station. Someone walks by and drops some money missing the cup and it falls to the floor. JB’s character complains “he didn’t even look at you” to which the beggar explains “Well he’s paying, so he doesn’t have to look.” We need to look, engage and build internal relationships as well as with our CSR partners if it is going to have any authenticity. A brand that adds values Your clients, staff and suppliers are smarter than you think. I believe that real communication is not about what we want to say. Rather, and more impor- tantly, it is about what people are willing, able and likely to pick up. Beer glasses were recently given to solicitors at a charity pub quiz run by a chambers with the slogan “Solicitors couldn’t give a XXXX for anyone else – ABC Chambers”. Now you can probably see what they were intending as well as how it could be inter- preted! The same is true about your branding and CSR and the greater the difference between your claims and the reality the greater the possible damage. What are your real values? Is everyone bought into them? Do your staff feel valued, appreciated and engaged? How do your suppliers see you, do you pay them within 30 days? Do you have a real and equal relationship with the char- ities and projects you support? The big gestures are often just seen as that but the unexpected small acts of kindness have a disproportionate impact. Do watch Tom Peters’ short video where he describes a fantastic example of the power of kindness. It costs nothing but is a priceless commodity to harness in any organisation. Trust We must also look at how our world is changing and how trust has become the new green every firm is chasing. Jim didn’t fix it, the banks lost our money, the press lost the plot, and our politicians lost their way. And those professionals we thought were there to protect us only seemed to look after themselves. The firms that understand the power and true value of developing an authentic brand will be the ones we trust. Can CSR drive our branding? I asked Helen Beachell, director of Yorkshire based charity Simon On The Streets, for some perspective: “Forward- thinking businesses will find a cause to align themselves with and will then inte- grate that cause into all levels of the organisation, engaging staff, customers and suppliers alike. Simon On The Streets works very closely with its supporters to ensure that a relationship is built with the people within the busi- ness.” Ricky Alfred, managing consultant at csr4u, has a broader and perhaps even more challenging perspective: “‘CSR has moved beyond how companies work with and support charities, to how they do business overall, considering every aspect of their operations and seeking to remove or lessen the negative impacts and behav- iours that there may be. Those that get it right are seeing it positively affect their reputation and commercial perform- ance.” An organisation’s culture must be at the centre of its CSR. This is the font and source for our values but also where we walk the tightrope between for example the legitimate pursuit of profit (see Carroll’s CSR Pyramid) and the corrosive driver of greed. As many now comment on leadership we need to step back and instead of focusing on what we have to do we need to explore how and why? Real cost When I worked for P&G many years ago I suggested the idea (from a mate’s dad) to run a staff salary sacrifice to raise money for an early Children in Need. Staff would simply opt to round down their monthly salary to the nearest 10p, 50p, £1, £5, £10 or £100, running it for a few months would generate tens of thousands of pounds. However, my idea was rejected as it was not team building and didn’t fit into their strategy. I watched the show when smiling P&G staff excitedly explained about their various fun projects and presented a cheque to Terry Wogan for £50,000. Is it me? It could have been £100,000! Yet I know their CSR has moved on hugely since then. Maybe we’re relearning the lessons from the Victorian industrialists and philanthropists like Salt, Rowntree and Cadbury. Balance of power But how does this really sit within a firm that bullies its staff and suppliers? We see some corporate charity or fundraising events and may think “that’s a bit rich” so is anyone really fooled? Are some firms simply ‘giving’ so that they can fulfil a CSR tick box requirement for their commercial requirements? There is a difference between being parted with your money and genuinely giving. There is also an issue of power and our under- lying motivation. Is it an effort to compensate for poor ethical behaviour or to try and impress others? There is a great scene in the film The Fisher King where Jeff Bridges’ character is with a legless veteran begging at Grand