To succeed and prosper in today’s highly competitive, fast-moving world, brands need to be agile to be able to adapt, react quickly and not be immovable. Brand Gen Issue Four Brand Gen ISSUE FOUR Brand is essential. ‘Brand’ has gone from a lofty marketing concept to an essential component of business strategy. No business discounts the importance of brand—it is discussed at high level, is as relevant for B2B as B2C, and is key to business valuation. Not so long ago we spent a lot of time and investment explaining what brands were and why they were worth spending money on. But today all conversation is about the brand story and how to bring it to life. Today everyone has a brand with celebrities to students being encouraged to develop their “personal brand” This is the ‘brand’s golden moment. Never has the concept of brand been more prevalent and more relevant. And yet, at the same time, traditional practices of brand development and management are undergoing huge change. What was long held as sacrosanct to brand is now increasingly anachronistic, deliberately looking at ways to embrace change, to be maverick, to kick the old habits of being consistent and therefore, static. Hart D’Lacey © 2015 1 Brand Gen ISSUE FOUR Today’s marketplace demands a new approach. Today’s brands must be agile. Hart D’Lacey © 2015 Historically, brands were constructed with the intention to convey carefully chosen words such as reliable, friendly, authoritative. The earliest and perhaps most recognized form of this intangible collection of values was a logo. It symbolised the brand promise and all that it stood for. Brands were also expressed through advertising, packaging, marketing collateral, business point of sale, product design, websites, and more. There were seemingly numerous places where a brand lived, and success meant ensuring seamless alignment across all customer touch-points. The brand manager’s role was to holistically and consistently deliver brand, to sound the same, look the same, and feel the same. The greatest challenge for the brand manager wasn’t defining the brand but managing the brand. Most importantly, successful brand management meant exercising rigorous control over all the places the brand lived. Great brands didn’t change; in fact, variation was seen to dilute the brand. 2 Brand Gen ISSUE FOUR How to be an agile brand 1 Ability to adapt. Above everything, agile brands are willing to change and change quickly. They under stand that success requires being both nimble and responsive to opportunity. Nike is one of the best examples of an agile brand. What began, as a track shoe became the leader in its category. The company also developed in to a leading fashion brand, a maker of technology applications and hardware, and an innovator in marketing. Nike has staid true to its core, but where and how its values are expressed has changed and continues to go through, dramatic evolution and reinvention. Hart D’Lacey © 2015 2 Principled. Arguably, principled almost seems to stifle agility, but agile brands must also be very clear about what they stand for. They should seek new ways to deliver value and ensure relevance, but at the same time are guided by an inherent promise that is true and lasting. It is this balance between standing for something but not standing still that makes agile brands successful. Waitrose believes in championing British produce, treading lightly on the environment, supporting responsible sourcing and treating people fairly. This allows them to make peoples lives better and this has become the platform from which new and innovative ways to deliver on that promise are always being explored. 3 Co-creation Gary Hamel, author of leading the revolution, said, “if you want to see the future coming, 90% of what you need to learn, you’ll learn from outside the industry. Indeed we live in a world of co-creation., where companies are beginning to see the need to involve people outside of their organization in an effort to remain relevant. Agile brands are sustained and shaped by ongoing conversations, through a network of customers, employees, partners, and communities; they invite collaboration to ensure they have vital relationships and ongoing market relevance. 3 Brand Gen ISSUE FOUR How to be an agile brand 4 Have the advantage Forward thinking, agile brands constantly seek new possibilities to increase value and refine strategies. This means being action rather than reaction. If we don’t seek new ways to define the brand, we risk being defined by others. Virgin has long been clear about what it stands for—maverick, challenging the status quo, being irreverent. And to keep this fresh and relevant, it knows it must lead rather than be led. Arguably, no brand is better at defining its own future, challenging assumption and changing itself before anyone else does. Hart D’Lacey © 2015 5 Multichannel Agile brands look for new and meaningful platforms, mobile, digital, media, and physical experiences. The evolution of digital has shown us that we must assume change will continue also that we can only guess what that change will be. Brands will be continually challenged to follow consumers across an increased number of connected devices and highly fragmented customer journeys but effective brands learn to adapt to the context of the medium—whether Twitter, Facebook, or pop-up retail. 6 Global reach No business remains untouched by global activity, trends and forecasts, here there are opportunities to learn from and reach new customers. Even if your business is limited to a local market, nearly every business can face unexpected competitors, innovations, and insights from outside their region. Brands must be able to learn from the global marketplace and ensure they are relevant to the needs of local markets. 4 Brand Gen ISSUE FOUR A change of thought. The biggest obstacle or challenge to being an agile brand is your own limitations. Hart D’Lacey © 2015 Consistent to relevant Brand mark to brand experience For many of us in branding, consistency was viewed as the guiding principle. The height of this was reached when the brand looked and felt exactly the same everywhere. Perhaps this has been given too much importance, where the brand was policed with rigor. Consistency is good, just as long as its not restricted to the point of irrelevance. There are many ways to define “brand experience,” but simply: It happens whenever and wherever a customer connects with the brand and its values. Launch to transform In the past, new brands or revitalized brands were “launched.” It was as though once a product was brought to market it was complete, this is an outdated mindset, brand should never finish. Don’t think of it as a project with an end date, instead the evolution should be a regular conversation and a fundamental part of your brand strategy. It is easy to limit our understanding of this value to just the offer itself, when in fact that value can be delivered through customer service, through packaging or the physical environment. Its right that the customer should have a consistent feeling about the brand but this is built through a series of actions that deliver on a brand promise. The focus of an agile brand should be the experience: delivering on a brand promise across platforms, geographies, and audiences. 5 Brand Gen ISSUE FOUR Reactive to active Guidelines to principles If we accept that the brand is something that must be preserved, an agile brand is one that must continually improve, and this suggests that brand managers adopt a new role. Rather than being ‘brand police’, brand managers should lead change. Looking for new opportunities to evolve the brand and create value. They should help push the organisation rather than letting it be pulled. Guidelines are the brand bible, they layout often in great detail, the dos and don’ts of the brand. The problem with guidelines is that they are often rigid by definition, they stifle innovation, they are intended to eliminate flexibility, and they reduce the brand to a set of rules and procedures. Increasingly, we see success when a brand is governed by a set of principles. Brands need to be guided, but given the nature of today’s fast-moving marketplace, guidelines can be quickly superseded. A clear set of principles empowers the brand to offer support in unexpected situations and can be an inspiration for new opportunities. At its simplest, an agile brand is one most likely to say yes. If we agree that brands must change and evolve to be successful, then we must adopt an open mindset that looks to the future, listens to the marketplace and embraces change. The greatest challenge to building an agile brand is thinking differently about brand governance. It will require branding agencies to give up some old habits and practices from which the craft of branding was invented and create a new approach. We look forward to participating in this reinvention. Hart D’Lacey © 2015 6 THANK you. BRAND GEN ISSUE FOUR HART D’LACEY UK T +44 (0) 20 7240 3450 40 St Martin’s Lane London WC2N 4ER United Kingdom HART D’LACEY UAE T +971 (0) 2 6763360 Arab Tower, Hamdan Street P.O. Box 44387 Abu Dhabi United Arab Emirates hart-dlacey.com