Brand practice is an evolving discipline, and many of its
dominant approaches today diverge significantly from those of traditional branding, which had more to do with features and metrics than the intrinsic value (and values) of a company or institution.
Here
are six of the guiding principles behind the increasingly prevalent approach of value branding.
1. Compelling brands
are anchored in living brand communities.
Call them stakeholders, brand
evangelists, or whatever, but opt-in communities of real people inspire a value
brand’s power and reach. These folks feel proud to incorporate the brand’s attitude into their own public identities.
Consider Apple Computer (a no-brainer) but also NASCAR, which in itself has become a magnet for scores of consumer brands [Coke, KFC, Lowe’s, Sprint Nextel, Office Depot, Harlequin Publishing(!), Best Western, and Nationwide Insurance, among others], all determined to thrive in its social orbit.
2. Value brand
communities co-create brand value (and the brand experience).
The ad
hoc social networks formed by NASCAR enthusiasts are powerful forces for brand contagion. Fueled by
collective energies like these, successful value brands seem to take on lives of their
own, beyond the control of their corporate birth parents. Disney--considered in
the full range of its offerings, from theme parks to Hannah Montana--is a
telling case in point. So are Girl Scout Cookies, a co-created brand phenomenon
that we’ve discussed here before (“You can’t hide from this Cookie Monster”).
[For insights from the business theorist who
defined the concept of value co-creation, check out C.K. Prahalad.]
3. Themes and
narratives, not “messages”, spur the growth of value brand communities.
Political
strategists may soil themselves when their candidates wander “off message”, but
this manipulative approach has no place in value branding. By framing themes
(often expansive big-idea extensions
of the brand’s values), organizations invite their brand communities to move in imaginative and/or inspiring directions beyond the strictly practical
scope of the brand’s offerings. Take Nike, with its seemingly ageless Just Do
It theme. Johnson & Johnson’s Campaign for Nursing’s Future is another
great example. A related technique incorporates concrete narrative energy through
case studies and user-submitted stories.
4. The authenticity of the brand experience is a key driver, with reasoned, logical persuasion playing a supporting role.
Small-
to mid-sized organizations often limit their reach by striding down the
left-brain path, i.e., by framing rigid value propositions that embody only the
practical advantages of their offerings. This tack may seem to them to work
well enough, but it ignores the communal dimension, meaning their stakeholders’
collective inclination to respond to imaginative appeals and concrete cases of real
people in action. Narrative engagement is one approach that can help here. See
Hitachi’s brilliantly evocative video True Stories (now happily supported by a full-scale print media campaign),
Cadillac’s celebrity recollections, and Canadian Club’s nostalgic and funny re-branding campaign.
5. Value brands build communities through word-of-mouth (WOM) transmission.
Two words: Starbucks and Oprah. The Starbucks phenomenon has largely spread through WOM boosted by the ubiquity of Starbucks outlets. Oprah’s
mindshare empire has sprung from the same communal co-creative impulse, though
seeded arguably by her daytime TV exposure. Viral video, if originated within
a brand community, can be another vector of brand contagion.
6. If a corporate brand is the yin, its
corresponding Talent Brand is the yang.
I want to address this widely under-appreciated point in my next
post, but for now let’s leave it at this: an enterprise today rises and falls
on the strengths and enthusiasms of its workforce. Calling this approach
“employer branding” misses the point by minimizing the marketplace value of an
organization’s human capital resource, which should be a fully-engaged brand community in all the respects we’ve enumerated above.