brand strategy explained.

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Choices.

As a kid in the business I read a great book on business to business advertising. It gave an example of what a purchasing agent is up against when buying an expensive piece of industrial equipment. The agent puts together a side-by-side chart of all the specs and benefit statements for the two final vendors under consideration.  More often than not, commerce being what it is, it’s a draw. The book suggested, absent a clear winner, the logical mind takes over. The personal logical mind, that is. In order to make a decision with so many variables, the purchaser decides which of the variables is most important. Which of the 20-30 variables is the one upon a which the decision will be made.

I was reading about Harvard’s selection process yesterday and it’s pretty complicated.  SAT scores, other testing scores, GPA, ethnicity, alumni parents, future ability to donate, interview performance essay, geo-social background are all evaluated. Not unlike the chart from the book. Choices.

Brand strategy development is not dissimilar. We look at a multitude of “care-abouts” and “good-ats” and decide how to best organize the selling principle. Brand strategy helps marketers make the tough choices. It helps brands make the right choices.

Peace.

 

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A start-up prospect of mine accidently sent me an email, the topic of which was an internship program at a local university. (I did not open it, good boy that I am.) But it got me thinking. The top interns gravitate toward startup companies who do the best job of ‘splaining what the company is and what the company does –startups that can articulate their Is-Does in other word. And that doesn’t just apply to  startups. Many small and mid-size companies lack the Is-Does ability. The smartest interns go to the companies who can easily and clearly define their product and its value. In 140 characters. Not a breathy 6 minute meander. 

How does one create a tight Is-Does? Yep, from a brand strategy. 

A brand strategy is not a tagline.  It is an organizing principle anchored to an idea. It is the result of lots of work, insights, customer care-abouts and product strengths boiled down into a tight easy to articulate, easy to remember explanation.    

If you are a company fishing in the intern pond, you know there will be lots of resumes coming your way.  A tight Is-Does will makes sure the right resumes are coming your way.  The resumes of then next generation of leaders. Peace.  

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