Spring 2008 Volume 9
 
 
In this issue
 

Maximizing Brand Impact Through A Proven Process is Essential in B2B

 
With increased Business-to-Business (B2B) marketing interest in branding, there is an opportunity to maximize the impact of the brand through a proven branding process.

A proven branding process is critical to the correct identification of key points of difference with our clients' brands. Our process involves a three-pronged market research process that includes customer analysis, market analysis, as well as internal stakeholder analysis - click here to view our Brand Differentiation Model.

There are three main benefits that this complete branding process offers that helps maximize the market impact of our clients re-positioned brands, they are:

  1. Able to pinpoint variations or trends between stakeholder perceptions,
  2. Enhanced opportunity to test brand hypotheses, and
  3. Helps create internal buy-in through enhanced internal sense of ownership over the new internal and/or external brand.
We have probably all been part of a project at one time or other in our careers where the project timeline has been rushed without allowing time for full team buy-in; this results in sub-optimal implementation.

In order to maximize the long-term impact of brand in the B2B market, it is essential that the external brand is mirrored internally. Brand Matters has found that by integrating backward and involving and engaging employees in the process at all levels, including executive, managerial and those on the front-lines, our clients are able to maximize the impact of their brand. This is especially relevant with B2B markets.

It is interesting that one of the highest growth areas of our practice has indeed become internal stakeholder market research. This shift has led us to develop new methods of internal market research and buy-in at all levels during the brand strategy development process.

For more on this topic and others, please see our website. Note that we will be publishing an update on internal branding best practices with the Canadian Marketing Association in fall 2008.

Branding Authentically

The following paragraphs are excerpts from a recent article entitled, 'Keep it Real: Learn to understand, manage, and excel at rendering authenticity' written by Gilmour and Pine.

People increasingly see the world in terms of real or fake, and they want to buy the real from the genuine- not the fake from some phony. In other words, authenticity is becoming the new consumer sensibility.

As goods and services everywhere become commoditized, what people want today are experiences-memorable events that engage them in an inherently personal way.

But in a world increasingly filled with deliberately and sensationally staged experiences (an increasingly "unreal" world), consumers choose to buy or not buy based on how real they perceive an offering to be.

The management of the customer perception of authenticity is the largest challenge. In an age when consumers want what's real, this becomes the new imperative [above and beyond price and quality].

Authenticity, we believe, flows from two principles of thought and action.
  1. Is the offering true to itself?
  2. Is the offering what it says it is?

Together, they help us to ascertain the real in an otherwise amorphous landscape. First, the importance of being earnest, consistent, and self- directed focuses one on perception of one's self. Second, being trustworthy, honest, and compassionate focuses one on behavior toward others.

Together, they help us to ascertain the real in an otherwise amorphous landscape. First, the importance of being earnest, consistent, and self- directed focuses one on perception of one's self. Second, being trustworthy, honest, and compassionate focuses one on behavior toward others.

Placemaking: A new approach to demand creation [replacing advertising] that actually enables a company to be what it says it is.

Places provide the primary means for companies to demonstrate exactly what they are for both current and potential customers. Companies that embrace placemaking understand a fundamental dictum for contending with authenticity: The experience is the marketing. In other words, the best way to generate demand for any offering-whether a commodity, good, service, other experience, or even a transformation-

People have become, after all, relatively immune to messages targeted at them. Instead, reach current and potential customers by creating experiences- marketing experiences- that they perceive as authentic because they happen within them.

To entice the greatest number of customers to experience you and your offerings, assemble a rich portfolio of harmonized places. They should flow from one to another, yielding cross-demand throughout the portfolio, generating new forms of revenue, driving sales of your current offerings, and providing places to be what you say you are.

About the Authors

Authenticity: What Consumers Really Want by James H. Gilmore and B. Joseph Pine II. Copyright © 2007 James H. Gilmore and B Joseph Pine II.

Upcoming Events and Publications


Federated Press 8th Edition Power of Branding Conference, October 6th - 8th, 2008. Brand Matters will be developing and delivering an innovative brand workshop at this symposium to be held in Toronto. For more information, please visit their website.

Brand Matters is co-authoring the third edition of a CMA White Paper on Internal Branding in conjunction with the CMA Branding and Strategic Planning Council. A topline of this study will be released with the June 2008 Branding Conference. Please click here to view our previous CMA White Paper on this topic.

Brand Matters will be co-lecturing on the topic of healthcare branding at an upcoming Federated Press Strategic Communications in Healthcare course, June 19th - 20th, 2008. For more information, please click here.

This newsletter is published by Brand Matters, a brand consulting firm that specializes in market research, brand repositioning, internal branding and implementation. With Patricia McQuillan as President and Founder, the firm has delivered success-driven results for a variety of renowned organizations since 2000. This newsletter was sent to friends, clients and associates of Brand Matters Inc.
 
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