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Diagnoses the Customer Relationship Lifecycle in order to increase awareness, consideration, use and

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Assesses the Brand Lifecycle as well as determines brand ... Fizz! Fizz! Oh, what a relief it is! is the place with the helpful hardware man. We try harder ... – PowerPoint PPT presentation

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Title: Diagnoses the Customer Relationship Lifecycle in order to increase awareness, consideration, use and


1
Diagnoses the Customer Relationship
Lifecycle in order to increase awareness,
consideration, use and loyalty.
Helps ensure product success, maximizing revenue
potential at any point in the Product Lifecycle.
Assesses the Brand Lifecycle as well as
determines brand direction and builds equity.
Aligns company goals and customer needs with
organizational lifecycle for business future.
2
What can a Strong Brand Do?
  • Build Equity
  • Brand is responsible for almost 20 of the
    overall purchase decision.
  • 70 of customers are willing to pay a premium for
    their brand of choice.
  • Expand Market Opportunity
  • Brands with strong leverage across different
    products and categories earn 5 better than the
    industry average
  • Improve Shareholder Value
  • 50 of the market value of the Fortune 250 is
    tied to intangible assets, mainly brand.


3
What will you gain?
  • Learn a process for understanding your
    customer-driven brand
  • Determine how well your organization is equipped
    to live out your brand vision
  • Discover critical elements of a meaningful and
    relevant brand strategy
  • 4. Discover a system for implementing and
    monitoring necessary brand advocacy changes

4
Why care about brand advocacy?
Brands that are truly differentiated and
meaningful to customers are at less risk of
becoming commodities. Great brands can create a
market that never existed, opening up
significant opportunities for a company. Strong
brands can demand premium pricing and maximize
revenue potential. Brands are primary sources
of contact with customers Loyalty is driven by
brands, not products.
5
Brand Quiz
You deserve a break today Plop! Plop! Fizz!
Fizz! Oh, what a relief it is!
is the place with the helpful
hardware man. We try harder Dont leave
home with out it We never stop working for
you The Real Thing Having a strong brand
identity can increase recall for years to come
6
Where Do You Want Your Brand to Be?
To know where you are going You must know
where you are now
7
Where is your Brand?
Growth
INNOVATION
ADAPTATION
Generic
Differentiation
COMMODITY
FRAGMENTATION
Decline

8
Where is Your Brand?
Growth
  • Brand Extensions
  • Mergers/acquisitions
  • Brand image update
  • New brand in established category
  • First in category

INNOVATION
ADAPTATION
Generic
Differentiation
COMMODITY
FRAGMENTATION
  • Many similar products
  • and services on the market
  • Weak differentiation among
  • brands in the same category
  • Flimsy brand promise
  • that is irrelevant to customers
  • Out-of-date brands
  • Mergers/acquisitions
  • Many products under one
  • brand name

Decline
9
Where is your Brand?
Growth
INNOVATION
ADAPTATION
Generic
Differentiation
COMMODITY
FRAGMENTATION

Decline
10
Part One Customer and Brand Assessment
11
Why is the Customer Important to Your Brand?
  • Customers underlying desires, motivations and
    emotional triggers are the foundation for a
    brands essence.
  • Brands can only be relevant when the customers
    needs, wants and motivations are known.
  • Brands that do not resonate with customers do
    not profit!

12
Why are Brands Important to Customers?
  • Strong Brands Can
  • Simplify choices
  • Reduce risks
  • Offer a sense of community
  • Enhance self-image
  • Create trust
  • Save time

13
What Do People Think About Your Brand?
Projective Visionsm allows consumers to go beyond
the superficial to describe a brand Projective
Visionsm roots a brand in customers reality
by using common objects and people as
reference Projective Visionsm connects a brand
to universal emotions that can be used to
communicate with customers
14
Brand Impressions
Family Multi-purpose Moderately
priced Middle-of-the-road
15
How Do I Measure Brand Equity?
  • What is the relationship between the customer and
    the brand?
  • How many think it is a much better value than
    competitors?
  • What is the impression of the brand?


New Clients
Image
Brand Equity
Value
Relationship
Retained Clients
Market Directions BEACON
16
What is Driving Purchase Interest for Your Brand?
  • How is the brand performing on purchase intent
    drivers?
  • How does the brand compare to competitors?

Direction of Greatest Preference
Attribute 1 60
Brand A
Attribute 2 30
Brand B
Market Directions BEARING
17
Part Two Brand Creation and Strategy
18
How Do You Build Brand Loyal Customers?
  • Strategy must be long term, rather than in it for
    the quick sale building relationships takes
    time.
  • Create a brand promise that meets and exceeds
    customers expectation and be able to
    consistently deliver on that promise
  • Build your brand around Emotional Selling
    Propositions (ESPs) rather than Unique Selling
    Propositions (USPs) Product features lose favor
    over time, emotions are timeless.

19
What do You Want Your Brand to Convey?
  • Brand Promise
  • Identifies relevant brand attributes
  • Identifies brand differentiators
  • Conveys strong emotional appeal
  • The Brand Promise Sets the Standard for What
    is Delivered to the Customer!

20
What do You Want Your Brand to Convey?
  • Relevant, Differentiating Emotionally Appealing

Brand Promise
21
How will Your Customers IdentifyYour Brand?
  • Brand Positioning
  • Provides customers with a consistent brand
    identity
  • Determines if a brand is corporate or brand
    driven
  • Decides under what name a product/service will
    build brand equity

22
How Will the Customer IdentifyYour Brand?
23
How Will You LaunchYour Brand?
  • Brand Platform
  • Identifies target audience
  • Determines the brand personality
  • Sets a brand communications
  • strategy

24
How Will You Launch Your Brand?
25
Part Three Internal Brand Assessment
26
Why does InternalExternal Alignment Matter?
  • According to a University of Michigan study
    conducted in 2001,
  • failure to deliver on the brand promise of
    providing outstanding service
  • may be costing McDonalds up to 750 million
    per year in lost business.
  • Point-of-Sale is where you reach 100 of your
    audience 100 of the time
  • Make sure your frontline marketers are sending
    the right message about
  • your brand.
  • Experts say that the worst threats to a
    companys corporate branding image
  • come from within. Brands suffer most when
    there is a major disconnect
  • between what is promised and what is delivered.

27
Reasons for Aligning Organization Around Your
Brand
  • Provides a tangible reason for employees to
    believe in a company
  • Keeps employees motivated and energized
  • Allows each employee to see how she or he fits
    into the grand scheme of delivering the brand
    promise to the customer
  • Allows employees to see the effects of their
    efforts on the business goals
  • Helps develop pride in fulfilling the brand
    promise
  • Facilitates recruiting and retention
  • Confirms that the customer and brand are the
    critical focal points

28
Rallying Your Organization Around Your Brand
  • CALIPERsm
  • Addresses brand vision among key areas of an
    organization.
  • Provides measurement of organizational
    perceptions of the brand image, knowledge of how
    the brand vision fits into the big picture and
    internal communication of the brand vision.
  • Used to assess the need for education and
    training that will strengthen the brand vision
    internally.

29
What will Strengthen the Brand Vision Internally?
  • Gain employees perspectives to identify areas
    of education and coaching

30
How are Employees Communicating the Brand Vision
to the Customer?
  • Frontline Marketing Metersm
  • Monitors the way the brand
  • vision is conveyed to customers.
  • Assesses the knowledge and commitment
  • to the brand vision among frontline
  • marketers.
  • Used to uncover a need for training among
  • frontline marketing staff.

31
How is Frontline Marketing Assessed?
Customer Service Audits Knowledge of Brand
Vision Conveyance of Brand Image Commitment to
Brand Image
Frontline Marketer Audits Knowledge of Brand
Vision Conveyance of Brand Image Commitment to
Brand Image
Store Audits Displays Advertising Promotions
Consistency of the Brand Vision Across All
Components is Key!
32
How Consistently is Your Brand Vision Internally
Communicated?
  • Brand Communications Audit
  • Explores internal communications across various
    touchpoints.
  • Assesses brand consistency across all internal
    communication touchpoints.
  • Used to identify and correct brand
    inconsistencies in communications to strengthen
    the brand within an organization.

33
Part Four Brand Monitoring and Management
34
Why is Continuous Measurement Important?
  • Creates a logical system for assessing brand
  • equity.
  • Monitors breakdowns in brand strategy so
    problems
  • can be fixed early, saving time and money.
  • Directs next step decisions that are
    consistently in
  • line with the corporate long-term brand
    strategy.

What is not measured is not managed!
35
What are Common Brand Performance Metrics?
  • Brand Value Perception
  • Brand Share
  • Shareholder Value
  • Communications Impact

36
(816) 842-0020susan_at_marketdirections.comrob_at_mark
etdirections.com
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