Sunday, December 5, 2010

How to Craft Your Brand


Creating a vision for the brand is the most important primary step in the brand management process. Brand Vision can be defined as the long term strategic position that the brand will take in the market as well as in the consumer mind-space. Brand vision offers a strategic intent which will act as a long term goal for the brand.

Creating brand vision is a strategic process which requires the involvement of top management. The vision dictates the future course of action for the brand with regard to its growth and future course of action.

Most of the time marketers are faced with critical decisions regarding the future growth path for the brand. There is a dilemma whether the brand should be extended to cater to new opportunities in the market or to be focused on the current category.  Sometimes marketers tend to extend the brand too much that the entire brand equity gets diluted. Without the guidance of a clear vision, brands tend to lose focus and extend into unchartered unrelated categories. Lack of vision also creates the problem of discontinuity for the brand’s strategies. There are chances that the brand compromises its equity for the sake of short-term growth unless guided by a long-term vision.

Having a brand vision will help marketers make decisions regarding the growth of the brand. The vision also helps marketers to tap into opportunities which are in line with the vision and reject others that contradict the vision. Vision helps the brand to create a brand charter which will act as a rule book for the managers. It will also help the managers to shape the brand strategies during the time of crisis.
Brand vision also helps to develop consistency with regard to brand communication. The messages derived from the brand vision will be consistent across all media. Even when the advertising & creative agencies change, the brand message will remain constant. In the absence of brand vision, the communication messages will not be connected by a common thread.

Brand vision also motivates the employees to perform better. Employees feel motivated and inspired when they are aware of the brand vision. More importantly, employees should feel that they are contributing to the realization of that vision.

Typically brand vision statements should be simple and easy to remember. The golden rule is that every employee should be able to remember the brand vision especially in the case of a corporate brand or service brand.

While drafting the brand vision, the marketers has to keep the following facts into mind

Think Big
While drafting a brand vision, marketers need to have big plans for the brand. The vision should not restrict to the category or even the industry. Instead the brand vision should aim at addressing some critical issues faced by the consumer. The vision should inspire both the consumers and employees alike.

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