3 Signs You Need to Reconsider Your Identity
We’ve written before about the ways that a strong identity benefits leaders. Identity work can have tremendous positive impact on internal audiences, but it’s more likely that clients will come to us because they’re being misperceived by their external audiences. Here are three of the most common scenarios that signal it’s time to reconsider your identity:
- You’re losing business because of how you’re perceived: We’ve seen clients have multimillion dollar deals killed at the last minute because of how the brand was perceived in the marketplace. Other times, misperceptions can slowly erode your relevance with key audiences.
- You’re too narrowly defined: We’ve had clients with a great set of services and products, but they’re known for only one thing. If you’ve made your name in one area, great. But it might be time to communicate that you’ve got more to offer.
- The market you’re in is changing: Maybe you’re in an industry undergoing significant change. To stay relevant you need to be ahead of that curve when markets shift.
Transforming Into Something New
When you do change your identity, whether the change is evolutionary or revolutionary, it needs to be communicated in a way that is relevant. An identity change signals to both internal and external audiences that something is fundamentally different about your company. You need to make that difference as clear as possible.
One of our clients had acquired several regional cold-chain supply companies to create a cold-chain logistics company with national connectivity. The challenge for this client was that even though they were bringing together multiple smaller companies, they didn’t want to be perceived as a big, impersonal corporate roll-up and lose the family-owned, regional heritage of the acquired companies.
We created the name Lineage Logistics to convey a sense of history and legacy coming together to form a fully connected, forward-looking service business. The new name communicated to employees that the heritage of their companies was important to the new company, and signaled to customers that existing relationships weren’t going to go away. The benefits of the new company–increased efficiency and coast-to-coast continuity–were established without sacrificing regional understanding and local relationships.
Making Change Successful
An effort to change your identity involves more than changing your logo or tagline. To make the shift successful, you must understand how it will affect your people, your culture and your customers. When you communicate a clear a reason for change, you can effectively engage both internal and external audiences. Customers, prospects and clients understand where you’re going, and your internal audience sees that there’s something they can believe in and get behind.