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WHY BRANDING IS IMPORTANT And how to take it to the next level
WHY YOU SHOULD HATE BRANDING $
$
WHY WE SHOULD   LOVE BRANDING Branding forces management  to  articulate ,  plan  and  manage  what they want the brand to achieve for the organization over the next 3-5 years, relative to customer growth, revenue and profit contributions. (1 reason)
Brand Consumers Company Information & input Innovation  & execution Value & relation-ship Profits
WHY WE SHOULD LOVE BRANDING (the other, more important, reason) “ Heuristics”
iPod vs. Zune Maybank vs. CIMB Toyota vs. Honda RAM vs. processor speed Firefox vs. Safari AirAsia vs. MAS Bangsar vs. Damansara Heights PAS vs. BN Digital vs. traditional Football vs. futsball Bold vs. italic Starbucks vs. Coffee Bean Sales vs. profitability Small wedding vs. exotic honeymoon Web 1.0 vs. Web 2.0
“ Buyers make most decisions by relying on their two-second first impressions based on stored memories, images and feelings.” Blink: The Power of Thinking Without Thinking By Malcolm Gladwell “ Because brand-influenced heuristics impact buyer decision-making, companies with strong brands often have better financial perform-ance. The  heuristics  used by potential buyers lead to greater access, shorter sales cycles, lower price sensitivity, better openness, and more forgiveness for mistakes for well-branded companies.” Business Market Management: Understanding, Creating, and Delivering Value By James Anderson and James Narus RULES
Baby EMOTION Some Japanese women put off having a baby until they can buy a Louis Vuitton handbag
SALE! B = T + V + E
SALE! ,[object Object],[object Object],[object Object]
Strategic branding
 
1960s Experience 1900s Benefits 1880s Features
2006 -> Context based 2000s  Segments 1980s Identification
PASSION Demographics, etc. Collaborative filtering Attitudinal Social media  Personal Behavioural S-E-G-M-E-N-T-A-T-I-O-N
Segmentation Branding Promotion Passion ?
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sustain Deliver  Define Sense TRIBAL BRANDING
HOW WE CAN ENABLE… Tagging, Web 2.0, User Generated Content, Surveys, Interactivity, Games, Stakeholder Panels, Review, Personalization, Word-of-Mouth, Events, Demonstrations, Purchase, Trial, Sampling, Subscription, Download, Bookmark, Visit, Brand Ambassador, Measurement, Customer Co-creation, Conversation, Links, Click Streams, RSS feeds, Adoption, Advertising, Pass-alongs, Videos, Podcasts/Vidcasts, Facebook Groups, Forums, User Conferences, Seminars/Webinars, Ranking, Referrals, Retention, Evangelism, PR, Blogs, Twitter, Dialog, Social Bookmarking, Test Drive, Coupon Redemption, Downloads, Investment… and more! … ENGAGEMENT WITH YOUR BRAND
1. How do you create a  customer experience  that drives emotion and ensures loyalty? 2. What is the best way to differentiate your experiences from your competitors, and to  make this differentiation visible  to your customers and prospects? 3. How do you ensure that front-liners  consistently deliver  a quality customer experience? ( staying on-brand ) SMART BRAND QUESTIONS
PROBLEM: One of US largest banks; operations in 25 countries; 20,000 employees ,[object Object],[object Object],[object Object],[object Object],New CEO: Vision = “focus on customer experience to be most admired financial institution in the markets we serve”
SOLUTION: BETTER CUSTOMER EXPERIENCE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Payoffs Initiatives 5 strategic themes
Thank you Nick Wreden [email_address]

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Why Branding is Important

  • 1. WHY BRANDING IS IMPORTANT And how to take it to the next level
  • 2. WHY YOU SHOULD HATE BRANDING $
  • 3. $
  • 4. WHY WE SHOULD LOVE BRANDING Branding forces management to articulate , plan and manage what they want the brand to achieve for the organization over the next 3-5 years, relative to customer growth, revenue and profit contributions. (1 reason)
  • 5. Brand Consumers Company Information & input Innovation & execution Value & relation-ship Profits
  • 6. WHY WE SHOULD LOVE BRANDING (the other, more important, reason) “ Heuristics”
  • 7. iPod vs. Zune Maybank vs. CIMB Toyota vs. Honda RAM vs. processor speed Firefox vs. Safari AirAsia vs. MAS Bangsar vs. Damansara Heights PAS vs. BN Digital vs. traditional Football vs. futsball Bold vs. italic Starbucks vs. Coffee Bean Sales vs. profitability Small wedding vs. exotic honeymoon Web 1.0 vs. Web 2.0
  • 8. “ Buyers make most decisions by relying on their two-second first impressions based on stored memories, images and feelings.” Blink: The Power of Thinking Without Thinking By Malcolm Gladwell “ Because brand-influenced heuristics impact buyer decision-making, companies with strong brands often have better financial perform-ance. The heuristics used by potential buyers lead to greater access, shorter sales cycles, lower price sensitivity, better openness, and more forgiveness for mistakes for well-branded companies.” Business Market Management: Understanding, Creating, and Delivering Value By James Anderson and James Narus RULES
  • 9. Baby EMOTION Some Japanese women put off having a baby until they can buy a Louis Vuitton handbag
  • 10. SALE! B = T + V + E
  • 11.
  • 13.  
  • 14. 1960s Experience 1900s Benefits 1880s Features
  • 15. 2006 -> Context based 2000s Segments 1980s Identification
  • 16. PASSION Demographics, etc. Collaborative filtering Attitudinal Social media Personal Behavioural S-E-G-M-E-N-T-A-T-I-O-N
  • 18.
  • 19. HOW WE CAN ENABLE… Tagging, Web 2.0, User Generated Content, Surveys, Interactivity, Games, Stakeholder Panels, Review, Personalization, Word-of-Mouth, Events, Demonstrations, Purchase, Trial, Sampling, Subscription, Download, Bookmark, Visit, Brand Ambassador, Measurement, Customer Co-creation, Conversation, Links, Click Streams, RSS feeds, Adoption, Advertising, Pass-alongs, Videos, Podcasts/Vidcasts, Facebook Groups, Forums, User Conferences, Seminars/Webinars, Ranking, Referrals, Retention, Evangelism, PR, Blogs, Twitter, Dialog, Social Bookmarking, Test Drive, Coupon Redemption, Downloads, Investment… and more! … ENGAGEMENT WITH YOUR BRAND
  • 20. 1. How do you create a customer experience that drives emotion and ensures loyalty? 2. What is the best way to differentiate your experiences from your competitors, and to make this differentiation visible to your customers and prospects? 3. How do you ensure that front-liners consistently deliver a quality customer experience? ( staying on-brand ) SMART BRAND QUESTIONS
  • 21.
  • 22.
  • 23. Thank you Nick Wreden [email_address]