Friday, September 4, 2009

WHAT WILL THE BRAND OF THE FUTURE NEED TO STAND OUT?

According to The Branding Strategy Insider Blog, the characteristics of the future brand will be:

Building emotional connection will be key

Brands will focus more on creating/engineering the total customer experience

Customer-relevant innovation will be a key success factor

Outstanding customer service will also be a key success factor

Hiring the right employees and creating the appropriate culture will be essential

More and more, brands will co-create the customer experience with the customer

More and more, brands will need to "stand for something" to survive

Strong brands will not only "stand for something," they will also provide forums for people
who believe in what the brands stand for

Organizations whose employees become consultants to and friends and partners with their customers will be the most successful

One-on-one marketing will become more and more important

The Internet will also become increasingly important as a brand building vehicle

For larger organizations, customer relationship management (CRM) will become a critical success factor

Fast, flexible and agile organizations will increasingly "win" in the digital age

With the explosion of virtual and morphing organizations and ever-changing business alliances, the brand essence and promise and the organizational culture may increasingly be the only elements that create a sense of "entity" for organizations

The viral spread of information will increasingly expose organizations for what they really are - integrity and consistency will be key

Managing "buzz" will be an important brand management activity

CEOs will become increasingly involved in brand strategy formulation

Organization mission, vision and core values will increasingly be formulated along with brand essence, promise and personality (for organization brands)

An increasing number of organizations that have grown through mergers and acquisitions will significantly simplify their brand architectures and reduce the number of brands in their portfolios

More and more people will come to understand what brands are, what they can do and what they can't do.

Fewer people will have a blind faith that strong brands can solve all organizational problems

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