Reality Check: How to build a real brand
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The document discusses the complex nature of branding, emphasizing the importance of brand behavior over mere identity. It argues that strong brand promises build trust and credibility through consistent experiences that align with customer expectations. The presentation also highlights the significance of storytelling and the emotional connections consumers develop with brands.
Reality Check: How to build a real brand
- 1. 16 March 2013 Reality Check presented at Insight One20 @lvincent #BrandReal THE BRAND STUDIO
- 2. 2 @lvincent
- 3. “The most negative brand in America.” Representative George Miller (D) California 3@lvincent
- 4. “The most negative brand in America.” 4@lvincent
- 5. “The law … became closely associated with President George W. Bush, and as his popularity slid, the law, and its name, came under attack and ridicule.” 5@lvincent
- 6. Law of Contagion “…a folk belief which suggests that once two people and/or objects have been in contact, a magical link persists between them until a formal exorcism or other act of banishing breaks the bond.” @lvincent
- 7. @lvincent
- 8. “Let’s Rebrand” MARPMental Asset Recovery Program REDOResourcing Educational Development Outcomes AACAAAAll American Children Are Above Average NEW TESTNot Even We Think Educational Standards Teach GOODERGeneral Oversight Of Domestic Education Reforms 8@lvincent
- 9. Why I wrote Brand Real 9@lvincent
- 10. Why I wrote Brand Real Too much emphasis on brand identity; Not enough emphasis on brand behavior. 9@lvincent
- 11. Beyond Petroleum Woo hoo! Award-winning brand identities 10@lvincent
- 12. @lvincent
- 13. What we value when we have to choose… 12 92%Consistently exceeds expectations 87%Brand does what it claims 39% Consistently great customer service Feel a relationship with the brand The brand has a good reputation The brand shares my values The brand has a good image 78% 78% 77% 71% 67% @lvincent
- 14. What we value when we have to choose… 12 92%Consistently exceeds expectations 87%Brand does what it claims 39% Consistently great customer service Feel a relationship with the brand The brand has a good reputation The brand shares my values The brand has a good image 78% 78% 77% 71% 67% 11% 17% 23% 23% 25% 26% 27% Always has the best price Everybody uses it It isn’t for everybody Brand has the best logo People I admire use the brand Brand is willing to be controversial I like the brand’s design @lvincent
- 15. What brand really means BEHAVIOR IDENTITY+ 13@lvincent
- 16. What brand really means BEHAVIOR IDENTITY+ Actions Trade-Offs 13@lvincent
- 17. Choosing why you matter Ease-of-Use Brand is simple and easy to use 1 Price Brand is the lowest price 2 Cust. Service Brand has great, friendly customer service 3 Design Brand has the best design 4 Availability Brand is available in the most places 5 14 Competitor A 1 2 3 4 5 Available everywhere with a lot of customer service Competitor B The service brand 1 2 3 4 5 Competitor C The brand everyone talks about because it is consistently the coolest 1 2 3 4 5 Competitor D 1 2 3 4 5 The cheapest option and one of the easiest to get @lvincent
- 18. Trade-offs matter 3.1 3.0 2.9 3.03.1 15 Competitor A 1 2 3 4 5 Available everywhere with a lot of customer service Competitor B The service brand 1 2 3 4 5 Competitor C The brand everyone talks about because it is consistently the coolest 1 2 3 4 5 Competitor D 1 2 3 4 5 The cheapest option and one of the easiest to get Ease-of-Use Brand is simple and easy to use 1 Price Brand is the lowest price 2 Cust. Service Brand has great, friendly customer service 3 Design Brand has the best design 4 Availability Brand is available in the most places 5 @lvincent
- 19. 16
- 21. A BRAND IS A PROMISE 18 @lvincent
- 22. 19 What is a brand promise? An effective promise… • Distinguishes a brand from competition • Sets an expectation in the audience’s mind • Guides decisions the brand team must make @lvincent
- 23. Six types of brand promises 20 ACCESS @lvincent
- 24. Six types of brand promises 20 ACCESS FEATURES @lvincent
- 25. Six types of brand promises 20 ACCESS FEATURES APPROACH @lvincent
- 26. Six types of brand promises 20 ACCESS FEATURES APPROACH PERSONALITY @lvincent
- 27. Six types of brand promises 20 ACCESS FEATURES APPROACH PERSONALITY CAUSE @lvincent
- 28. Six types of brand promises 20 ACCESS FEATURES APPROACH PERSONALITY LIFESTYLECAUSE @lvincent
- 29. 21@lvincent
- 30. “Contrary to the nature of our brand.” 21@lvincent
- 31. 22 Brands that stick to a promise make tough choices that earn our trust @lvincent
- 32. The trade-offs lead to credibility 23 Awareness Familiarity Credibility Favorability Attachment • Recognition • Recall • Knowledge • Understanding • Differentiation • Trustworthiness • Expertise • Popularity • Positive attitudes & opinions • Likeability • ID Affiliation • Love • Loyalty • Evangelism High frequency High leverage @lvincent
- 33. The trade-offs lead to credibility 23 Awareness Familiarity Credibility Favorability Attachment • Recognition • Recall • Knowledge • Understanding • Differentiation • Trustworthiness • Expertise • Popularity • Positive attitudes & opinions • Likeability • ID Affiliation • Love • Loyalty • Evangelism High frequency High leverage @lvincent
- 34. Brand Credibility 24 Structural relationships between brand credibility, perceived quality, perceived risk, and information costs saved Brand Credibility Trust- worthiness Expertise Perceived quality Perceived risk Information costs saved @lvincent
- 36. 26 Persuasion knowledge PERSUASION KNOWLEDGE TOPIC KNOWLEDGE How much the consumer knows about what they’re being sold. SELLER KNOWLEDGE What the consumer knows about the seller—what kind of relationship. What the consumer senses about the seller’s motives and sales tactics. @lvincent
- 37. 26 Persuasion knowledge PERSUASION KNOWLEDGE TOPIC KNOWLEDGE How much the consumer knows about what they’re being sold. SELLER KNOWLEDGE What the consumer knows about the seller—what kind of relationship. What the consumer senses about the seller’s motives and sales tactics. @lvincent
- 38. What brand really means BEHAVIOR IDENTITY+ 27@lvincent
- 39. What brand really means BEHAVIOR IDENTITY+ Internal Character External Presentation 27@lvincent
- 40. “It’s just a faster-looking steed” George Saridakis Design Manager, 2010 Mustang @lvincent
- 42. “ We wanted to give the Mustang pony a more realistic feel. We lifted the head to make the pony more proud, tipped the neck into the wind to give it a feeling of greater speed and better balance.” Douglas Gaffika Chief Designer, 2010 Mustang @lvincent
- 44. @lvincent
- 45. @lvincent
- 47. 35 Good brand experiences… • Reduce skepticism • Appeal to objectivity • Make us consider all reasons we should like a brand • Convert us into defenders and evangelists @lvincent
- 48. @lvincent
- 49. @lvincent
- 50. Brand experience guides what we… 38 THINK FEEL DO @lvincent
- 52. Brand experience adheres to the laws of storytelling @lvincent
- 53. The logic of storytelling 41 CAUSE EFFECT @lvincent
- 54. The logic of storytelling 41 CAUSE EFFECT Situation Ordinary Life Complication Disruption that raises a question the story must answer Climax Opposing forces in the story come to a head Resolution Everything is resolved; no loose ends (unless you want a sequel) @lvincent
- 55. Anticipation vs. expectations 42 “I can’t wait to see what happens next!” @lvincent
- 56. Anticipation vs. expectations 42 “I can’t wait to see what happens next!” “I knew that was going to happen!” @lvincent
- 58. Wheel of slogan 44 J S O I @lvincent
- 59. Wheel of slogan 45 J S O IU T D T @lvincent
- 60. 46 ( ? ) M I N E T H E G A P @lvincent
- 62. @lvincent
- 63. Three stories every brand should address Self Identity The literal, observable, historic and reported story of the brand— the one most concretely linked to the brand’s reputation. 49@lvincent
- 64. Three stories every brand should address Self Identity The literal, observable, historic and reported story of the brand— the one most concretely linked to the brand’s reputation. Category Identity The story implied by association with the enclosing category. Categories are the first cognitive anchor for understanding what a brand is about. 49@lvincent
- 65. 50 @lvincent
- 66. Three stories every brand should address Self Identity Category Identity Stakeholder Identity The story associated with stakeholder identities (customers, employees, etc.). 51 The literal, observable, historic and reported story of the brand— the one most concretely linked to the brand’s reputation. The story implied by association with the enclosing category. Categories are the first cognitive anchor for understanding what a brand is about. @lvincent
- 67. 52@lvincent
- 68. @lvincent
- 69. 54 BRAND ATTACHMENT ATTACHED BRAND Ignored Brand Respected Brand FavorableUnfavorable HighRelevanceLowRelevance The opposite of me I never think about it Nice, but not for me A lot like me Averse Brand @lvincent
- 70. 54 BRAND ATTACHMENT WHEN BRAND MEANS SOMETHING A LOT LIKE ME SEPARATION ANXIETY Consumer willing to do without something else to keep the brand in their life MUST-CARRY Consumer is happiest when brand is close BRAND-SELF DISPLAY Consumer badges and evangelizes the brand ATTACHED BRAND Ignored Brand Respected Brand FavorableUnfavorable HighRelevanceLowRelevance The opposite of me I never think about it Nice, but not for me A lot like me Averse Brand @lvincent
- 71. 55@lvincent
- 72. 56@lvincent
- 73. “I make it a point to buy brands from companies whose values are similar to my own.” — Young & Rubicam, 2010 71% of US consumers agree: @lvincent
- 74. @lvincent
- 75. Brand Aversion Brand Attachment
- 76. Customers must recognize that you stand for something. Howard Shultz, CEO Starbucks 60@lvincent
- 77. THINK INSIDE OUT PROMISE Brand starts here for employees PROMISES GUIDE BEHAVIOR The values associated with your brand promise influence the behavior that customers experience
- 78. VALUES EXPERIENCE Brand starts here for customers Creative expression of the brand Rules that guide behavior THINK INSIDE OUT PROMISE Brand starts here for employees PROMISES GUIDE BEHAVIOR The values associated with your brand promise influence the behavior that customers experience
- 79. WHOLE FOODS Read a Disgruntled Whole Foods Employee’s Epic Resignation Letter Late Friday afternoon, an employee of the Whole Foods Market in Toronto sent this epic resignation letter to the entire company. It's an alternatingly amusing, enlightening, and occasionally infuriating read—but a good read, nonetheless. The letter begins with a point-by-point evisceration of the grocery chain's carefully calibrated image as an earth-and-body- friendly, organic foods paradise. Likening the chain to "a faux hippy Wal-Mart," our disgruntled bulk foods buyer accuses the JUL 24, 2011 10:29 PMBY SETH ABRAMOVITCH 695,507 480Share GET OUR TOP STORIES TOP STORIES Like 16k Enlarge This Image Victor Kerlow Related Times Topic: Goldman Sachs OP-ED CONTRIBUTOR Why I Am Leaving Goldman Sachs By GREG SMITH Published: March 14, 2012 372 Comments TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it. To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for. It might sound surprising to a skeptical public, but culture was always a vital part of Goldman Sachs’s success. It revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients. The culture was the WORLD U.S. N.Y. / REGION BUSINESS TECHNOLOGY SCIENCE HEALTH SPORTS OPINION ARTS RECOMMEND TWITTER LINKEDIN COMMENTS (372) E-MAIL PRINT REPRINTS SHARE 62
- 80. 4 reasons why brand experiences fail: The team inside… 63@lvincent
- 81. 4 reasons why brand experiences fail: The team inside… •Don’t know 63@lvincent
- 82. 4 reasons why brand experiences fail: The team inside… •Don’t know •Don’t believe 63@lvincent
- 83. 4 reasons why brand experiences fail: The team inside… •Don’t know •Don’t believe •Don’t care 63@lvincent
- 84. 4 reasons why brand experiences fail: The team inside… •Don’t know •Don’t believe •Don’t care •Don’t have tools/resources to execute 63@lvincent
- 85. @lvincent