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  • Derrick Daye
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    Derrick has spent the past 18 years helping organizations release the full potential of their brands. His experience is as deep as it is diverse encompassing the disciplines of advertising, branding, sales promotion and public relations. Most notably he has worked with the White House Press Corps, Johnson & Johnson and the National Basketball Association.

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    Recognized as one of the world’s leading experts on brand management and marketing, Brad wrote the best selling book Brand Aid, the first comprehensive practical, ‘how-to’ guide on building winning brands. A much sought after consultant and speaker, he writes extensively for the business press and academic journals and is regularly quoted in trade publications.

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« The Situation Placement Game | Main | Emerging Brand Issue: Brand Value Calculation »

August 10, 2007

Building Winning Brands: Summarized

We've spent the past few months exploring the sixteen things that you must do to create a winning brand.

You can find a summary of each here. Let's take another look...

1.    Brands are personifications of organizations, products, services and experiences and they are the  source of relationships.
2.    Top management support is crucial to a brand’s success.
3.    A brand’s identity must be frequently and consistently presented.
4.    Profound customer knowledge is essential to building winning brands.
5.    The brand and its products and services must exceed customer expectations.
6.    Brand building begins with awareness.
7.    Relevant differentiation drives customer brand insistence.
8.    A brand should strive to evoke emotions and create sensory experiences.
9.    A brand should exhibit admirable human qualities.
10.    A brand must stand for something.
11.    Constant product and service innovation build strong brands.
12.    A brand should strive to create a sense of community.
13.    The corporate culture must reinforce the brand essence, promise and personality.
14.    Internal brand building is essential to external brand building.
15.    Front line employees are key to a brand’s success.
16.    Co-creating a brand with its customers will help the brand continue to thrive.

If you implement each of these 16 concepts in your organization, I guarantee you that your brand will win in its marketplace.

You will know that your brand is winning in the marketplace when…

•    The brand is mentioned to customers and potential customers, and they brim with enthusiasm in their response.
•    Your brand’s external messages “ring true” with all employees.
•    Employees are enthusiastic and consistent in recounting what makes their brand special.
•    The brand’s market share is increasing.
•    Competitors always mention your brand as a point of reference.
•    The press can’t seem to write enough about your brand.
•    Your CEO has a strong vision for the organization and its brand. He or she talks more about the vision than financial targets.
•    Your organization’s leaders always seem to “talk the brand” and “walk the brand talk.”

Now you know the 16 most important things that you must do to create winning brands.  May you unleash your brand’s power and transform your organization through branding.

Sponsored By: Brand Aid

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Top Ten

  • Benefits of Building Strong Brands
    1. Increased revenues and market share
    2. Decreased price sensitivity
    3. Increased customer loyalty
    4. Additional leverage with vendors and retailers (for manufacturers)
    5. Increased profitability
    6. Increased stock price, shareholder value and sale value
    7. Increased clarity of vision
    8. Increased ability to mobilize an organization's people and focus its activities
    9. Increased ability to expand into new product and service categories
    10. Increased ability to attract and retain high quality employees