Pushing the Boundaries of Your Brand - Long Island University

53
Pushing the Boundaries of Your Brand Jim Conenello May 22, 2017

Transcript of Pushing the Boundaries of Your Brand - Long Island University

| 1

Pushing the Boundaries of Your Brand

Jim Conenello • May 22, 2017

| 2

Brand is Inextricably Linked to Reputation

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”— Warren Buffett

| 3

Brand is Who You Are and What You Do

“Next to doing the right thing, the most important thing is to let people know you are doing the right thing.”— John D. Rockefeller

| 4

Brand is What You Say

“There is only one thing in the world worse than being talked about, and that is not being talked about.”— Oscar Wilde

| 5

“Corporate branding is a declaration of who we are, what we believe, and why you should put your faith in our company.”— James R. Gregory

Brand is What You Believe

| 6

Brand is Teamwork

“Get the best and most motivated people to work on the brand both in the brand management team and with the communication partner organization.”— David Aaker

| 7

Brand is Everything“A brand is the set of expectations, memories, stories and relationships that, taken together, account for a consumer’s decision to choose one product or service over another. If the consumer (whether it’s a business, a buyer, a voter or a donor) doesn’t pay a premium, make a selection or spread the word, then no brand value exists for that consumer.” — Seth Godin

| 8

Top Ten Corporate Brands. (By Market Capitalization)

Source: Wikipedia, As of March 31, 2017

| 9

Top Ten Nonprofit Brands. (By Brand Value)

Source: Cone, Inc. 2009

| 10

• Create a unique brand promise about who you are, what you stand for, and what meaningful, innovative benefits, products and services you deliver

• Live up to your promise every single time stakeholders come into contact with your name, your message, or your organization, by any method or vehicle

• Constantly reinforce your brand promise

If encounters with your brand are inconsistent, you break your promise, break your brand and risk damaging your reputation

How Do You Build A Strong Brand?

| 11

• Brands create trust and emotional bonds with stakeholders• Thus, they foster relationships between stakeholders and products

/ services that withstand price increases, transcend competition, and even overcome defects in product or service excellence

• Decreases the amount of time and effort it takes to make a sale

Strong brands ease the selling process

Strong Brands Are Loved

| 12

• Stakeholders are loyal to favorite brands• Stakeholders will buy products more often, in greater numbers,

without a need for promotion• Brand owners can leverage the brand to launch new products and

brand extensions quicker

Consumers Will Pay More For Strong Brands

| 13

• Nonprofit organizations and political campaigns typically have different audiences than for-profit companies:

• Voters • Donors• Subscribers• Members• Government bodies• General public• Peer groups• Health care constituencies, etc.

• Fundraising is a major component

What is Different About Branding Nonprofits?

| 14

• Successful fundraising campaigns operate under the auspices of well-known, well-regarded, well-branded organizations

• Before your organization launches a fundraising campaign, establish credibility and trust by first building a brand image for your organization that prospective donors know and can believe in

Fundraising and Branding

| 15

• Identify your top three goals as an organization

• Identify your various audiences

• Now prioritize your audiences according to the different goals to determine who matters most

Exercise 1 ➛ Identify Your Key Audiences

| 16

Product

Position

PromisePresentation

Persistence

Perception

The Branding CycleProduct: One or many?Positioning: Unique, and meaningful space in the marketPromise: Backbone of your brand and the basis of your reputationPresentation: Can determine success or failurePersistence: Make it ubiquitousPerception analysis: Research, adjust and/or rebrand

Source: Chiaravalle, Bill and Schenck, Barbara Findlay. Branding for Dummies. Wiley, 2007.

| 17

• Brand: A promise of the benefits you deliver through every interaction with stakeholders

• Brand identity: The logo, symbol, mark, design, tagline or unique typestyle that visually represents your brand

• Brand image: Stakeholder beliefs about what your brand stands for• Brand position: How your brand relates to the competition• Brand management: Standardizing and controlling your brand identity

throughout your organization and with all communication vehicles• Brand equity: The value of your brand as an asset

Brand Terminology

| 18

Commodity BrandSoft Drink Mountain DewWater PerrierSneakers NikeSmart Phones AppleRazor Blades GilletteLuggage CoachAutomobiles BMWPeanut Butter Skippy

Don’t Be a Commodity

Strong brands command higher prices than commodity brands—and can charge a premium for goods and services

| 19

Be a Purple Cow!

| 20

• What do only you do well?• What do your constituents value?• What can you do that your competitors can not?• What innovations have you introduced?• What unique research have you done?• What unique achievements have you made?• What is your unique impact on society?

Exercise 2 ➛What is Your SCA?

| 21

The Branding Process

There are many routes to get to the same destination, choose the path that works for you

Source: Chiaravalle, Bill and Schenck, Barbara Findlay. Branding for Dummies. Wiley, 2007.

| 22

• Take a candid look at what stakeholders think of your brand

• If you are new, look at the marketplace

• Then develop a strategy that reflects your sustainable competitive advantage in the market

Brand Assessment

| 23

Determine the answers to the following questions:1. What do people like or dislike about you, your business, or your

business arena?2. What do they trust or distrust?3. What do they think you are and do?4. Why do they choose your offering?5. How do they think you compare with your competitors?

You may also want to conduct interviews with stakeholders Sample interview questions are in your exercise pack

Exercise 3 ➛Assess Your Brand

| 24

Exercise 4 ➛ Determine Your Brand Priorities

Source: Chiaravalle, Bill and Schenck, Barbara Findlay. Branding for Dummies. Wiley, 2007.

| 25

Examples:• Build awareness• Create an emotional connection• Convey distinguishing attributes• Gain credibility and trust• Achieve buyer preference

Determine What You Need to Do Next

| 26

• Focus on target-market awareness and product differentiation

• Talk to those who will make a difference to your success.

• Make sure every communication carries your brand identity

• Put your logo on everything• Add a tagline if your name does not

convey what you do• Add a branded email signature

Maximize Your Brand Awareness

| 27

• Who are you?• What do you do?• What market(s) do you operate in?• What is your SCA?• What third party validators can you use?

Validate your pitch with others to determine if it is believable Use it with great consistency

Exercise 5 ➛Create A 20 Second Elevator Pitch

| 28

• Mission: The reason for your organization’s existence and impact it has on others

• Vision: The long-term aspiration for your organization

• Values: What you stand for

Mission, Vision, Values

| 29

Exercise 6 ➛ Mission, Vision, Values

Source: Chiaravalle, Bill and Schenck, Barbara Findlay. Branding for Dummies. Wiley, 2007.

What Do You Stand For? Why are your core values important and what they mean to you?

What is Your Long-Term Aspirational Goal?

| 30

Mission:• The American Red Cross a humanitarian organization led by volunteers and guided by its congressional

charter and the fundamental principal of the International Red Cross Movement, will provide relief to victims of disasters and help people prevent, prepare for and respond to emergencies.

Strategic Intent/Vision:• Intent - Preeminent nationwide provider of blood, plasma and tissue services• Vision - Be recognized by the people and organizations we serve, as well as others in our field, as the

provider of choice for blood, plasma and tissue services. This will be accomplished by commitment to quality, safety and use of the best medical, scientific, manufacturing and business practices.

Values:• Integrity, Respect for Individuals, Customer Satisfactions, Pursuit of Excellence, Positive Response to

Change and Stewardship.

Red Cross: Mission, Vision, Values

| 31

Consider these questions to develop your Brand Promise:• Why do customers choose your business? What do they seek from you that they can’t get

elsewhere?• How do you think your most satisfied customers describe your products or services? What

words do they use when they pay compliments or when they fill out satisfaction surveys?• How do you think your most satisfied customers describe the feeling they get when they work

with your business? Would they use words like “efficient,” “fun,” “friendly,” “competent,” “creative,” “convenient,” “reliable,” “exciting,” “amazing,” or others?

• What attributes of your company do you think customers like best and would find the hardest to replace if your business weren’t available to them?

• If customers had to choose one word or phrase that describes what they consistently expect and receive from your company, what would it be?

Brand Promise

| 32

1. List all the reasons stakeholders choose your organization2. Circle all the attributes you’re confident that you can consistently deliver 3. Put a check mark next to attributes that are the most compelling to

stakeholders4. Shorten the checked list and use it to form your business promise

Examples:• Sony Ericsson: “Sony Ericsson will always deliver the best mobile business

• experience. That is our promise to you”

• BMW: “Sheer driving pleasure”

• Wal-Mart: “Always low prices. Always”

• John Deere: “You can count on equipment that’s as productive as possible”

Exercise 7 ➛ Brand Promise

| 33

What is Your Brand Personality?

Brand personality is a set of human characteristics attributed to a brand making it more relatable to your stakeholders.

| 34

Brand Wars: Goodwill Versus Salvation Army

| 35

Follow these steps to write a brand character statement that guides thedevelopment of all expressions of your brand:• 1. Review your vision statement to refocus on the highest aspirations of your

business• 2. Review the top values you support• 3. Review the promise you make in your marketplace• 4. Based on your vision, values, and promise, write a one-sentence brand character

statement

Use the following format: Our brand is [insert a description of the character of your brand], a trait we reflect through brand expressions that are [insert a description of the mood and tone that all your marketing will project.

Exercise 8 ➛ What is Your Brand Character?

| 36

• It reflects the brand character you want your organization to project

• It’s descriptive of your offering• It creates an association to the

meaning of your brand• It’s easy and pleasant to say• It’s unique and memorable

Your Brand Name

Caution: Do your research, Don’t name by committee

| 37

• Select a website and social media sites• Brand all of your sites similarly• Check your domain name and trademarks

• Networksolutions.com/whois• Uspto.gov/search

• Check competitive names and sites• Choose names that are consistent and easy to

remember• Don’t forget about Wikipedia

Digital Branding

| 38

• Independent brands: These are stand-alone brands that represent every offering and activity of the organizations

• Parent-dominant brands: Visibly tied to the name and credibility of the top-level brand. For example, a nonprofit organization that hosts a well-known annual fundraiser probably treats the yearly event as a parent-dominant brand of the organization.

• Parent-endorsed brands: Closely affiliated with their parent brands. Even though they’re known by their own brand names, parent-endorsed brands are clearly linked to a better-known umbrella brand.

• Brand extensions: These brands piggyback on the recognition of an established parent brand but build awareness and interest in a new and different target market segment.

Brand Architecture

| 39

Exercise 9 ➛ Brand Architecture

Where do you fall on the spectrum?

| 40

Exercise 10 ➛ Put That Logo on Everything!

Source: Chiaravalle, Bill and Schenck, Barbara Findlay. Branding for Dummies. Wiley, 2007.

| 41

Eight Building Blocks for Nonprofit Brands

Clear Impact Claim

Recognized Leadership

Impressive Funders

Influential Partner

Organizations

Effective Communicatio

nsReplication Organizational

Age Budget Size

Source: Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly. Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

| 42

• The starting point for a strong brand is having a clear intended impact. It is hard to imagine having a strong brand that is not anchored in a social impact objective that is broadly accepted, consistently relevant, and compelling to multiple audiences.

• All the clever positioning and communication in the world will not help a nonprofit that is unclear about its objectives and why they should matter to others.

Clear Impact Claim

Source: Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly. Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

| 43

• Having a big-name CEO in the nonprofit sector is one of the best ways to build a brand.

• Few nonprofit CEOs possess widespread name recognition. Having a leader whose name is readily associated with excellence is a way to quickly build brand recognition and credibility.

• Charisma helps a lot, as well. • If the leader writes articles, gives speeches, and is seen as an

important voice or thought leader in the field, the organization will reap many benefits in terms of brand recognition.

Recognized Leadership

Source: Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly. Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

| 44

• Winning at the grant game is also a signal moment in the process of building a brand.

• It is no wonder that many organizations list their funders prominently on their websites, hoping the glow of monied influencers will convince stakeholders that something important is going on inside the nonprofit.

• Getting a grant from the Gates Foundation, for example, is a significant event in building a nonprofit brand.

• If one can claim to have passed the vetting process of influential funders, other donors and peer organizations will take note.

Impressive Funders

Source: Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly. Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

| 45

• The company a nonprofit keeps is important. Working with other nonprofit organizations that have big brands can build the reputation, visibility, and brand of the smaller, less well-known organization.

• Most nonprofits think about inter-organizational collaboration as a way of mobilizing new operational capacity to accomplish program goals more effectively.

• Partnering is also a great way to build a nonprofit brand if the partner organization has the glow of a great and recognized brand.

Influential Partner Organizations

Source: Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly. Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

| 46

• The story a nonprofit tells about its work can be more important than the work itself—at least when it comes to building a brand.

• In the past, a great annual report was a valuable sell document. Today, a well-designed website is the coin of the realm when it comes to building a brand.

• Not only is it often a nonprofit’s first point of contact with its stakeholders, it’s also where the organization controls how its story is told.

Effective Communications

Source: Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly. Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

| 47

• Imitation is the highest form of flattery. • If a nonprofit can show that others are replicating its work, this can

be a profound brand builder. • Many nonprofits operate for long periods of time in obscurity and

isolation. • Having others pay attention to a nonprofit’s work, believe in it, and

replicate it are significant signals that something notable is going on in the organization.

Replication

Source: Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly. Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

| 48

• Of all the ways that nonprofit brands are built, one is the least complicated and sophisticated: just hanging around over the years.

• If a nonprofit can survive for decades and keep out of trouble, it will be rewarded with some brand-recognition returns.

• The failure rate in the nonprofit sector is high, and the number of new organizations started each year is huge.

• As a result, simple staying power will contribute to a brand, regardless of all other considerations.

Organizational Age

Source: Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly. Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

| 49

• Of all the annoying injustices of the nonprofit sector, none is as galling as the iron law of budget size.

• The larger the resources an organization is able to mobilize, the more it is seen as legitimate.

• Bigger budgets are rarely thought to be a function of caprice but rather the result of real market forces working themselves out to reward some organizations by directing more resources to them.

• Bigger budgets also convey a sense of permanence and relevance—rightly or wrongly.

Budget Size

Source: Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly. Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

| 50

1. Follow the brand building steps outlined earlier to create awareness of your organization’s overall mission, vision, and values and to build trust in your track record for leveraging donated dollars into good works

2. Build a strong and emotional story for the new cause you’re seeking to fund

3. Introduce your campaign to the public, tying it to your overall mission and vision and leveraging the value and power of your organizational brand on behalf of your new fundraising program

Launching a Nonprofit Campaign

| 51

• Get management buy-in• Make sure you research your market and demographics• Determine whether you need a tagline• Learn about color• Check and conform the social media sites of senior management

Other Considerations

| 52

• Have a standards guide and policy and communicate them• Provide examples of good branding, tools and templates for those

involved in marketing & communications• Enlist Brand Ambassadors• Launch / promote the brand to all audiences, don’t forget

employees• Contemplate rebranding, consider the cost

Taking it to the Next Level

| 53

• Aaker, David and Joachimsthaler, Erich. Brand Leadership. The Free Press, 2000.• Becker-Olsen, Karen L. and Hill, Ronald Paul. The Impact of Sponsor Fit on Brand Equity: The Case of

Nonprofit Service Providers. Journal of Service Research, 9. 73-83.• Chiaravalle, Bill and Schenck, Barbara Findlay. Branding for Dummies. Wiley, 2007.• Cottineau, Julie. Twist: How Fresh Perspective Build Breakthrough Brands. Panoma Press, 2016.• Frumkin, Peter (2015, October 2). Eight Building Blocks of Strong Nonprofit Brands. Nonprofit Quarterly.

Retrieved from https://nonprofitquarterly.org/2015/10/02/the-eight-building-blocks-of-strong-nonprofit-brands/

• Godin, Seth. Purple Cow: Transform Your Business by Being Remarkable. Portfolio, 2009.• Gregory, James and Wiechmann, Jack. Marketing Corporate Image: The Company As Your Number One

Product. NTC Business Books, 1991.• Gregory, James and Wiechmann, Jack. Leveraging the Corporate Brand. NTC Business Books, 1997.• Levy, Michelle. Building Your Brand: A Practical Guide for Nonprofit Organizations. Morgan James, 2014.

References / Reading List