| |
Elaine
Whale Speaks to John Clements on Branding
By
Paul Catiang
A company brand is what people—clients, customers, and even
employees—identify with. “There are three important
things that constitute a brand,” says Elaine Whale, former
director for Marketing of Citibank. “These are the brand
experience, The brand identity, and brand value.”
The
Brand, Experienced
“Before
you start marketing your company, you have to understand what
it is that you’re offering the client. You have to have
a clear understanding and knowledge of the brand, and underlying
brand, which is the product,” Ms. Whale continues. Knowledge
of a company’s services is a key element towards building
a brand, and this includes knowing how clients perceive the company
and the services it offers. That said, the company’s image—the
clients’ experience of the company’s services—is
a constantly changing picture.
Ms.
Whale explains, “In terms of the current situation, I think
it’s important to ask the customer, through some focus group
discussions, to discuss what it is your company does best and
what things need improvement. You will need an independent consultant
who sits and facilitates a conversation amongst your clients.
The consultant can then also ask the customers to look at other
companies that they work with, and bring all of that together
and help to understand what your product really is and what your
product really should do.” It is here that a company can
think about the brand messages it wants to attach to itself.
The
importance of the brand experience lies in providing A consistently
positive service to customers to reinforce the image the company
wishes to project through its brand. To illustrate, Ms. Whale
gives an example learned from her years at Citibank: “Something
I’ve observed working in the financial services industry
is that sometimes you walk into the bank and there’s a long
queue. You’d be waiting in line, and it’s not what
you want to do, and maybe you’re going to miss your lunch.
If by the time you get up to the teller counter and the teller
is not helpful, what you have is a very bad experience of the
brand. Every time the customer has a bad experience of the brand,
it devalues your brand.”
Knowing
and understanding a brand is important for any company, as is
staying one step ahead of its customers in terms of what they
need. The prime objective of branding is ensuring that a company
has a product that everybody respects. Marketing the brand allows
it to grow until such time that viral marketing takes over as
the brand spreads by word-of-mouth to yet more customers.
The
Brand, Identified
Brand
identity covers the sensory experience of the brand, usually through
visual means such as logos, print ads and business cards, although
multimedia allows companies to have signature tunes and audio-visual
components. Hand-in-hand with brand identity is brand consistency—a
very important aspect of ensuring that the public experiences
the same brand every time they encounter it.
Maintaining
brand consistency is facilitated by the development of a brand
book. “Having a brand book is a really, really important
stage in a company’s development. The brand book is like
a company cookbook on how to manage your brand,” says Ms.
Whale.
Contained
within the brand book are items such as typography—one of
the more crucial elements of a company brand. Ms. Whale advises
the use of a primary typeface that will be used with headings
of announcements, publications, and in the company logo, and a
secondary typeface for body copy. The font is a useful tool with
which to convey company values. A company that wishes to emphasize
its conservative, traditional, long-standing, and established
qualities would do well to use a font like Times New Roman—a
font with serifs. Younger companies, generally hip, responsive
and efficient would convey such values through lowercase sans
serif fonts. “These generally say, ‘We’re not
mysterious, and we’ll get the job done,’” explains
Ms. Whale.
All
such typefaces go into the brand book and should be used with
all due consistency in company materials: business cards, stationery,
forms, publications, websites, and signs.
Color
is equally important. Ms. Whale recommends identifying the primary
company colors, which should be used carefully, as these will
be associated with the company brand. Secondary colors, no more
than five or six, should also be defined, as these will be used
in conjunction with the primary company colors. “If you
start using different tones and shades of color, then you lose
the sense of identity your company has,” Ms. Whale cautions.
"By specifying those colors, a company can ensure that printers
and other vendors know exactly what pantones of color to use when
printing your company materials.”
Brand
training should also be given a high priority in establishing
a brand identity. Ms. Whale advises training the employees to
know how to use the brand elements, how not to use the brand,
and how to “never, ever, ever misuse the brand elements.”
Marks & Spencer serves as a successful example of internal
brand training. “[The company], for years and years, did
no external marketing, but they spent a fortune on marketing the
Marks & Spencer brand to their employees and providing training
on the customer experience, which is why the company was able
to grow,” Ms. Whale illustrates.
She
also gives Starbucks as an example, as the famed chain of coffee
shops has made sure that its customers receive the same consistent
experience of product and service in all of its branches. When
customers compare experiences, viral marketing kicks in.
Part
of brand training is developing a product book. Aside from describing
the products and services offered, the product book also serves
as a reference tool for employees by describing every stage of
the product sales cycle, giving guidelines for profiling prospective
customers, attracting them, getting them on board, and maintaining
a relationship with them. Again, consistency of the product supports
the brand experience and brand identity is maintained.
Lastly,
advertising provides another venue for the brand to attract more
customers. Advertising in the right places—ads in prestigious
major dailies, well-placed billboards and innovative multimedia
campaigns, for example—would signify that a company is serious
in its dealings, and will serve to encourage a potential customer
to come on board. As always, consistency is needed, as everything—advertisements,
interactions with company employees, even viral marketing—leads
to an impact that results in a sale.
The
Brand, Valued
“Brand
consistency, how you understand your product, how you create the
brand identity, and how you apply it consistently—always
thinking about how your customer perceives your brand—all
adds up to a bottom line,” Ms. Whale says.
An
example of a brand identity’s value in a bottom line would
be Coca-Cola’s brand identity: as the world’s number
one brand, it’s valued at US$ 67.5 billion. “This
amount goes into the positive side of the balance sheet,”
says Ms. Whale, “and that is how much the brand is worth
to the company.”
With
all the effort needed to go into branding, the return on the investment
isn’t readily apparent. Branding requires time to reinforce
itself in a market’s consciousness and make itself more
distinct. Moreover, it also needs a monumental effort in maintaining
consistency, whether in the appearance of logos or advertising,
or in what customers experience whenever dealing with the company.
The return on the investment, however, is more than worth the
time, money, and effort needed. A company need only answer one
question: “How much do we value our brand?”
|
|