More than 10 years ago, I canceled merging my consulting practice with another successful boutique consulting practice. We had already met with the attorneys twice and were about to start drafting the agreements. I did this when it hit me what the new company would mean to my personal brand. Frankly, the other managing partner had a habit of fighting with everyone: her own consultants, vendors and even clients. In fact, my role with our joint clients was already starting to be “the fixer.”
Canceling the partnership after we had already met with attorneys was a little expensive and a little painful. I’ve never regretted it. If we had gone forward, it had the potential to be very expensive (potential lost clients) and I’m certain very painful. More importantly, I was in danger of having my personal brand damaged with negative general statements about the firm.
Brand perception, whether personal or corporate, is hard to change. It is doable, and I’ve spent much of my career changing perceptions, but it is so much easier to get it right the first time. Too often, companies think they’ll get their product where they want it and afterward possibly think about their brand. Knowing what your brand is doesn’t mean you ignore the product; in fact, it supports the product roadmap.
Your company’s brand must be about the value and emotion you provide now as well as what it will be in the future. If you plan to make a major switch in your product offerings, you need to build that into a brand roadmap so you don’t make a bold claim now that will come back to bite you in the arse later.
I’ve found people are much more forgiving – within reason – with product features needing to evolve. But if your stated brand stands for one thing, but everything you do implies something else, your prospects and customers either won’t believe you or will assign their own definition of your brand.
The most successful companies boldly define their brands, then all company actions and marketing efforts support that positioning. It doesn’t need to be overthought, but someone needs to be the company’s internal voice that says Does this make sense if we are an X company? For example, I couldn’t tell you what Burger King’s brand positioning was during The King advertising phase a few years ago, but I’m fairly certain it wasn’t “Creepy Fast Food Company.” Clearly, its advertising didn’t match what the company wanted its brand to project.
Another question to ask is Should we be doing this if we know in a year we will be doing Y? Some companies, particularly tech companies, have the wrong assumption that you don’t need to transition brand positioning. “Today we are this. Starting tomorrow, we will be this other thing. Don’t mention what we were before.” This is confusing at best. It’s possible to go from point A to B, but you need to connect the dots. Just like with a product roadmap, you need to show the evolution, even if it is onto a new plain of existence.
If you cringe when you meet with a company that doesn’t have a product roadmap or plan for how future offerings will be developed, what do you think of companies who haven’t defined who they, what they stand or where they are going?
Do you think that companies without brands do this because managmenet doesn't really know where they are going? Or because they have too many ideas of where they are going?
Posted by: kat | 04/23/2012 at 11:39 AM
Interesting questions Kat.
It could be either, but mostly I've seen that companies don't define their brand because they are trying to be all things to all people.
They incorrectly think they can say one thing to one company and position themselves differently to another. The reality is these companies end up with ineffective marketing and poor sales because no one knows what they do. They also become laughing stocks for the prospects and competitors who watch this revolving door of positioning.
Posted by: Kris Bondi | 04/23/2012 at 11:50 AM