Archive for the ‘Invest in Branding’ Category

Staying True To It’s Brand, Jury Duty Still Sucks

Jury duty is mind numbing, institutional, unloved and disrespected. But it’s essential to our judicial system. I wrote an article for Brandweek about the need to rebrand jury duty (beginning with its name) several years ago for BrandWeek, and recently noticed that it was subsequently linked all over the world by municipalities and legal commentators. A few cities even made some changes. But, they didn’t get the message in the City of Angels. It still sucks to do jury duty in Los Angeles.

There are tons of things, everyday things, that need rebranding. Often things that aren’t considered worthy of rebranding. Think about it. I bet you can name a few. Here’s an example of a successful rebranding: The first time I went to traffic school, they showed pictures of horrible, bloody accidents. My most recent trip was to comedy traffic school. Next time, I’m thinking of going to cooking traffic school.

Independence and Integrity: The Right Brand DNA for Financial Services

Working with small- to mid-size entrepreneurial businesses to evolve their brands is fulfilling work. One such client is Banta Asset Management, a boutique wealth management firm in Newport Beach. Their brand is built around independence: independence from big investment firms and their proprietary products, and the freedom to always do what’s in the best interests of the client.

Banta doesn’t look, act, or invest like the big banks and investment houses that have let people down. They have charted their own independent and objective course, focused on integrity. They’ve launched their own investment fund, which is performing well, and they’ve endowed a chair in business ethics at the University of Redlands. No small accomplishment for an independent wealth management firm in the current economic climate.

The guys at Banta are blessed with good values and good humor, a great combination of qualities that has been tested over the last couple of years. To their credit, they stayed true to their values. The reward has been less downside than most firms and continued loyalty from clients. What a great example for how to succeed in financial services, compared to firms who did what was expedient, and not what was right.

Did Nike Lose Sight of Its Brand/Promise?

Never lose sight of your promise or your values. Stay true to your brand. That’s our goal. But what about Nike? Here’s the story we’ve been taught:

In the early 60’s, a track coach tinkered with the design of running shoes to enhance performance on the oval. A company was created to advance his discoveries into products that consumers could use to improve their performance. The company had a clear mission and promise: to facilitate authentic athletic performance.

Employees felt just as passionately about the products as the athletes who used them to win track meets and basketball games. They were the frontline focus group and the toughest critics of every product and promotion. The company prospered and soon had the cash and cachet to work with the world’s greatest athletes. The company is synonymous with peak performance. But one thing didn’t change: If it wasn’t authentic…athletic…performance…it wasn’t Nike.

Here’s another perspective: Nike turns out customized tennis shoes for guys who collect them like Barbie dolls. They mashup entertainment and athletics for people who would rather feel the beat than the burn. One could argue that, somehow, they still have that athletic performance cachet. And, they created Nike Plus, which marries sports technology with metrics to prove performance. There’s also something solidly American about them. Is their departure from peak performance a deal with the devil? Or merely a trend-savvy sub brand?

More Than Staying True, Living the Brand

It does the heart good to see Yvon Chouinard recognized for his leadership at Patagonia and for his efforts to inspire responsible and sustainable business practices, most recently in TV commercials for American Express. His story is often simplified, leaving out the setbacks and not-so-brilliant moments in favor of focusing only on mountain ascents and business victories. But the long arc is one of constant brand evolution based on rock-solid values, from product, to people, to purpose in everything Patagonia does. Chouinard is widely admired for keeping his company and its values on track, which meant avoiding the shiny traps of others outsize dreams. You can read about it in his book, Let My People Go Surfing. This is a great example of how staying  true to your values and your brand are in perfect alignment with success and make it easy for people to love you.

Read the history of Chouinard and Patagonia.

If you don’t have time to read the entire history, read this, the last paragaph: “During the past thirty years, we’ve made many mistakes but we’ve never lost our way for very long. Although we first intended Patagonia as a way to free ourselves from the limitations of the original climbing business, precisely those limitations have kept us on our toes and helped us thrive. We still pursue climbing and surfing, activities that entail risk, require soul, and invite reflection. We favor informal travels with friends – doing what we love to do – to the camera-covered event. We can’t bring ourselves to knowingly make a mediocre product. And we cannot avert our eyes from the harm done, by all of us, to our one and only home.”

Branding: Always a Good Investment (taken from THE NEW YORKER)

In the late nineteen-twenties, two companies—Kellogg and Post—dominated the market for packaged cereal. It was still a relatively new market: ready-to-eat cereal had been around for decades, but Americans didn’t see it as a real alternative to oatmeal or cream of wheat until the twenties. So, when the Depression hit, no one knew what would happen to consumer demand. Post did the predictable thing: it reined in expenses and cut back on advertising. But Kellogg doubled its ad budget, moved aggressively into radio advertising, and heavily pushed its new cereal, Rice Krispies. (Snap, Crackle, and Pop first appeared in the thirties.) By 1933, even as the economy cratered, Kellogg’s profits had risen almost thirty per cent and it had become what it remains today: the industry’s dominant player.