Blog

How Branding Is Helping GM Survive Recall Disaster

The news about GM this year has been grim. We’re not even through 2014, and so far GM has had more than 60 recalls. The total cost will likely top $1 billion and involve more than 26 million vehicles.

And yet, GM just paid its shareholders a quarterly dividend in September. Despite everything, GM’s stock valuation is holding relatively steady.

How can a company that has been in the news all year for extremely negative reasons, continue to be valued on the stock market? Partly it’s a matter of brand management.

READ MORE

0
0

Building a Strong Corporate Identity

Most organizations realize that having a strong brand identity brings many benefits, among them more motivated employees, competitive advantage in the marketplace and a clear brand promise to engage customers and stakeholders.

But it’s not always clear how to build a strong identity if you don’t already have one. What does it take? And how do you know what to aim for?

 

READ MORE

0
4

CVS Quits Smoking, Scores Rebrand Win

CVS Quits Smoking, Scores Rebrand WinMy mom quit smoking recently, after fifty years of it. The fact that CVS is no longer selling cigarettes had nothing to do with this, of course. But the company’s decision to go smoke-free, now—a month ahead of schedule—had particular resonance with me.

Opponents of this move argue that it’s hypocritical, a stunt. They have a point—but in that case it’s a pretty expensive stunt (more than $1 billion in lost annual revenue). This is a clear example of a brand-driven business decision. In addition to pulling tobacco, CVS has changed its name from CVS Caremark to CVS Health, indicating a commitment to something bigger than themselves.

So how much financial loss is CVS willing to sacrifice for a bold brand promise? Does that mean they’re pulling Frito’s and M&M’s off the shelves? (I hope not.) The store will still carry plenty of products that contribute to major health problems, so can it really be the flagship of health it’s aspiring to?

READ MORE

0
0

Why Large, Complex Organizations Need a Strong Brand Identity

If you read a lot of the branding and naming advice that’s out there on the Internet, it would be easy to think that the only time an organization should worry about its brand identity is when it is first getting started. What should you name your company? How should you position it against competitors? These are important questions for startups and new brands, but the truth is that large, complex organizations are just as often in need of identity strategy.

 

READ MORE

0
3