Reading Time: 4 minutesBrand strategy is often thought of one thing. At Audacity, we describe it as the ability to imagine a future for a brand to look forward to. An anticipated history. The implication is that one set of strategic skills is needed. Except that, confusingly, brand operates in a range of settings– and the strategic skills […]
Tag: Strategies
Setting timeframes for your strategy
Reading Time: 3 minutesThe purpose of brand strategy is of course to envisage a future for your brand: to project beyond current circumstances to where your brand might be. But, in terms of actually setting timeframes for your strategy, how far ahead should you be thinking? An important decision Every brand strategy is a speculation – an attempt […]
How to decide if you need a brand strategy
Reading Time: 3 minutesYou have a brand, whether you realise it or not. It may not be the brand you want, or even the one you thought you were – but it is a brand, nevertheless. It represents how you are understood by the market, buyers and your own people. To consciously change or build that understanding, you’ll […]
Choose an emergent strategy
Reading Time: 4 minutesDo you remember when you were a child the first time someone made you a paper plane? If your recollection is anything like ours, you couldn’t believe how it left your hand and made its way across the room. Before long though, it lost height and velocity, and fell to the floor. Your strategy may […]
Look for seven R’s in your brand strategy
Reading Time: 2 minutesWhat should you be looking for in a strong brand strategy? A great brand strategy combines ‘the logic and the magic’ – that mix of rational and emotive elements that, together, combine to give a brand engagement, connectedness and distinction. There are 7 factors to look for: the seven R’s in your brand strategy … […]
The portfolio approach to strategy
Reading Time: 4 minutesHow do you drive home a strategy to fulfil your future, when everything around you is changing? The secret, according to McKinsey & Co senior advisor, Eric D. Beinhocker, is to radically review what we mean by strategy. In his 2006 book, The Origin of Wealth, Beinhocker argues that rather than thinking of strategy as […]
Why are you rebranding?
Reading Time: 2 minutesBrad VanAuken made this excellent observation about rebrands. “Identity systems are designed to encode and decode brand information to and from people’s brains,” he said. “If you change the system, the associations may be lost and will take a long time to rebuild.”
Building compassionate brands
Reading Time: 4 minutesIn a recent address at Cannes, Monica Lewinsky made a plea for brands to play a more direct role in building a compassionate society: one where the power of social media to generate shame and humiliation (and gain money by doing so) was eschewed in favour of an environment that collectively supported and inspired individuals […]
How to succeed as the number 2 brand
Reading Time: 3 minutesEveryone strives to win, but what happens when you compete in a market where you are, and can never be more than, number two? If you’re Pepsi, for example, or Bing, how do you find the energy to continue to build out a business that will stay where it is, behind a massive incumbent? How […]
Brands should always have a two speed strategy
Reading Time: 3 minutesBrands drive attention and income off awareness, but they derive their real value from their ability to shift and sustain longer term sentiment.