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the
brand management process ::
Brand management is about effectively managing stakeholder
perceptions to maximize the value to your business. At TMC
Visionpool we help create the tools you use to manage these
perceptions, in the real world and online. But for many people
'brand management' is a relatively new way of thinking- and
like anything new it can seem difficult to apply. Here are
some simple questions we use everyday to help our customers
through the process.
Question 1: Who's it all for?
Who are the people that have a relationship with your brand?
Don't just think of customers. There are many other groups
involved in your brand. Your list of stakeholders may include:
employees, business partners, distributors, investors, even
yourself - as well as customers.
Make a comprehensive and inclusive list of the stakeholders
in your brand.
Question 2: Where are you
now?
As the old saying goes "you can't get where your going
if you don't know where your at." It is essential to
understand how your brand is currently perceived by your stakeholders.
It's crucial to remember the brand is not what exists in your
brochures or your Website. Your brand is what exists in the
minds of your stakeholders- its not just what your company
says, it's what it does. This is where stakeholder perceptions
come from, and it is these perceptions that will determine
your business' success or failure.
Be fearless and honest,
and take the time to understand your current brand as it exists
in the minds of your stakeholders.
Question 3: What's the competition
doing?
Where's the market going?
To position your brand for the future you need to know where
you are now, where your competitors are now, and the trends
that will impact on your market. Coming as close as possible
to an understanding of these three elements provides the best
place to start. It's also a good idea to be careful to identify
trends that will have a significant impact on your market
over the coming years, not just the short-term fads.
Thoroughl y study your competitor's
brands (and what people think of them) and your market trends.
Question 4: Where do you want to go?
If you want a powerhouse brand it needs to be distinctive
from its competitors and motivating to its customers.
We ask you to ask yourself:
What are our brand strengths? (or, what could they be?)
How will this be distinctive from our competitors?
Why will this be motivating to our consumers?
And finally, will these strengths become more important in
the market over time, or less important?
Your answers should be realistic and focused, and it's a good
idea to run them by your brand stakeholders for a 'reality
check'.
Now we craft the answers to these questions into a statement
of your desired brand or your Brand Philosophy.
Question 5: What do we do next?
TMC Visionpool can help craft and execute
your plan, but it's not a battle... it's a war. To build the
desired brand in the mind of your stakeholders is perhaps
the greatest challenge a business faces, and the smart ones
face it every day. Good brand management requires constant
review of what you say and what you do - and how they live
up to the brand you are trying to build.
And whether you take yourself through
the above process, or one like it, or you go to an agency
like ours, the next step is to plan your brand and do the
work.
TMC Visionpool offers a wide variety of communications design
services including:
market research
brand strategy & planning
brand identity development
advertising & graphic design
copywriting
direct mail campaigns
print campaigns
radio & television campaigns
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