This document discusses important questions brands should ask about their positioning: 1. Have we established a frame of reference? A frame of reference signals what people can expect from a brand. It is important but must evolve over time. 2. Are we leveraging our points of parity? Points of parity establish a brand as credible within its frame of reference. 3. Are the points of difference compelling? Points of difference should be desirable, deliverable, feasible, profitable and difficult for competitors to copy. They must not contradict other brand associations. Regular evaluation of frame of reference, points of parity, and points of difference is needed as contexts change over time. Brand positioning requires ongoing vigilance.