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Relevance: A Brand’s Fountain of Youth

Relevance: A Brand’s Fountain of YouthRecently I read an article in the San Francisco Chronicle by Leah Garchik. She recapped a story that involved a pilot, who, while navigating a flight to the East Coast, suggested over the intercom that passengers look out the window for a scenic “Kodak moment.” As Garchick reported, one flight attendant then asked, “What’s Kodak?”

Once a ubiquitous tagline, “A Kodak Moment” made its way into casual speech to describe a moment worth remembering, but awareness of Kodak’s popular tagline, as well as its brand relevance today, has almost completely evaporated.

This is a huge lesson. Success can be fleeting, even for the most iconic brands; The question is, how can you prevent that from happening?

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Managing Brand Complexity: Staying Ahead of the Curve

Managing Brand Complexity: Staying Ahead of the CurveLarge companies—like GE, Google, Samsung and others—know this law of branding firsthand: As you grow in size, you will grow in complexity. Acquisitions, organic growth, market segmentation and product and service extensions all add complexity to brand portfolios. How should large successful brands such as these manage brand complexity?

Growing companies realize they need to support the strength and cohesiveness of their corporate identities, while also accommodating the needs of their individual brands and sub-brands. We call this “brand balance.” This balance gets harder to control as you grow; there is a very real complexity curve that gets steeper with a company’s size. To remain successful as you grow, it is important to learn how to stay ahead of this complexity curve.

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Brand Diversification: When Is it a Good Idea?

Brand Diversification: When Is it a Good Idea?In April I posted a SlideShare presentation (below) about tech startups and key brand considerations as they grow. In it I described Facebook’s decision to retain the WhatsApp and Instagram brands as part of a brand diversification strategy. Retaining acquired brands (rather than renaming and assimilating them into the parent brand) can be useful if they appeal to audiences, or deliver services that are not aligned with your core brand. While Facebook has 1.2 billion users, both Instagram and WhatsApp have hundreds of millions of loyal users. Since many of these users prefer these acquired apps over Facebook, it may make sense to keep those brands separate.

I also remarked that Facebook could continue to grow by following this type of diversification strategy, although it risks cannibalizing some of the popularity of its flagship brand. Now Facebook has publicly committed to this diversification strategy, which has been dubbed by some as “unbundling.”

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Lessons on Being (and Staying) No. 1

Lessons on Being (and Staying) Number OneAt Marshall Strategy we’re fortunate to work with many clients who are ranked No. 1 in their fields. These range from Caltech (No. 1 on the Times Higher Education World University Rankings  for the last three years) to Google (No. 1 in search) to the Rehabilitation Institute of Chicago (the No. 1 rehabilitation hospital in the U.S. for 23 straight years).

Many of these companies enjoy status as household names. What unites them, and what lessons can others learn from them?

Congrats on Being No. 1: Now, How Do You Stay There?
In some respects, you might expect our client roster to be made up of companies that are struggling. After all, aren’t they the ones who need the most help?

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