Showing posts with label Brand Building. Show all posts
Showing posts with label Brand Building. Show all posts

Monday, 14 March 2016

Celebrity endorsement - Never 'just do it' !

Nike and its tumultuous history with its brand ambassadors is a real case study. After Tiger Woods, Oscar Pistorious, Lance Armstrong, and very recently , it is now the Tennis sensation Maria Sharapova who has given a headache to Nike and heartache to her fans world wide.

Nike recently terminated its contract with Manny Pacquaio after what they termed as his 'abhorrent' comments on LGBT community.
In the latest round of strained relationships with its brand ambassadors, Nike this week severed ties with the 28 year old five times grand-slam champion Maria Sharapova after her shocking revelation of having been  tested positively for a banned substance - meldonium at Australian open earlier this year.

Back home, Snapdeal had to bear the brunt for its brand ambassador Amir Khan's comment on the intolerance issue in the country which took a political turn.

Such incidents demonstrate the risks that brands are exposed to, while nominating a brand ambassador. While having a celebrity brand ambassador is almost a norm and not a choice in several industries and product categories, the risks of associating with a celebrity are as high as the reward.

Obviously, any such association demands a great deal of focus on personality alignment between the brand and the prospective ambassador, an important but grossly ignored concept.

It is imperative to mention here that the celebrity personality in today's highly networked truly global world is no more only about how they do their job, like  modeling, acting or sports etc, but also their social, political and cultural views and inclinations. Again, while these are more public in nature, due diligence is of utmost importance about their personal lives. Tiger woods' and Oscar Pistorious' cases testify this argument.

Brand managers blindly expect the positive  personality rub-off from the celebrity to their brands without taking into consideration a host of other factors that must be looked into.

Some of the important factors are -
# The individual and the collective personality of the celebrity
# The desired brand image of the product
# The synergy between the first two personalities
# The overlaps and counter-laps between the endorser and product personality

While the first two factors are extremely important to derive at what are we dealing with in terms of possible association between two personalities, the third factor helps in understanding whether or not there is a broad alignment between the product and the celebrity. However, it is most often the fourth factor which is blatantly ignored, and often to one's own peril.


The counter laps or the points/occurrence/frequency of contrasts between the two personalities(the endorser and the product) must be closely researched and debated before closing a brand endorsement decision. The most important decision here is what aspects of the celebrity's personality may not/are not - align/aligned, with the core brand personality and its desired brand image.

Finally, a brand endorsement is a very expensive decision for any marketing manager and a thorough due diligence is not a choice but a compulsion to avoid foot in mouth situations that hurt the brand and the company. This may very well help in avoiding some issues altogether while mitigate ill-effects of others.

Wednesday, 6 November 2013

Brand Building Series #1

CPM – Three Pillars of Brand Building 



Branding is everywhere. And hence, it has gone through what everything that is everywhere has – for ever and ever. Overburdened! Cliched!Confused!

Unfortunately, definitions and explanations sought on branding are more likely to confuse the seeker than clarify. The reason is the vicious mumbo jumbo everyone chooses to rattle rather than KISS-ing (Keep-ing it simple!)

This short piece is to make things really simple for everyone.

Brand is not the name of a company or a logo or a colour its mnemonics carry. Instead, these are part of the brand identity.

Brand, simply put is – What people perceive in their mind about 
  • A person
  • A company
  • A product/service

Obviously when we perceive something good about apple or amazon – It means that these companies have been successful in creating an effective and beneficial brand image for themselves. In broader terms they have been able to create a brand for themselves.

But how have they been able to do that while others either failed or were not so successful?
It takes more than just pumping money in campaigns and promotions to create a brand. It is generally a slower process and hence demands utmost discipline and patience.

In this piece, we only invoke the three pillars of brand building while keeping details on how a brand is built, for the next parts of the series. These pillars must be closely analyzed in order to move in the right direction to build a brand that lasts!


The three pillars of Brand Building are, CPM –
·    
  • Customer
    • Who is my customer 
      • Target Group and traits
    • What delights him
      • Know what they expect and exceed it
    • What influences him 
      • Decision-making and influencers 
  • Product
    • What is my product type
      • High/Low Involvement              
      • Mass/Niche catering
      • Innovative/Me-too
    • Where does it fit in
      • Need
      • Comfort
      • Aspiration
    • What is its UVP  
      • Unique Value Proposition
  • Market
    • Competition
      • Acknowledge
      • Observe
      • Study
    • PoSs and PoDs
      • Points of Similarities
      • Points of Differences within products available in the market
    • Industry trends/Norms
      • Fundamentals of the Industry
      • Influencing factors


These pillars must be thoroughly understood by every marketer who wishes to build a brand.  Each parameter/question/factor mentioned under the pillar and sections under the pillar requires deep analysis which leads to certain answers.


Based upon these answers, a strategy is devised to help in building a brand. More on this, in the sequel to the series.


Cheers,