Skip to main content

Inward versus Outward Branding

With exposure to some of the traditional branding companies, I've noticed a problem with inward branding.

When you decide on a strategy to shape your company's image, you want the image to be one that resonates in the marketplace and ultimately yields profits. But what should your image be? How do you go about deciding what the image should be?

Some market strategy companies work with the management of the company to align the company's image with the management's personality. I recently interacted with a market strategy company on branding and found that they did a good job facilitating a dialog with the founders of the company. The founders enjoyed talking about themselves and envisioning the company's image reflecting their personalities.

Yet the bottom line is what will resonate with customers. If your strategists focus mostly on the company, rather than on the customers, you are dealing with The Uninformed Strategist. The branding such strategists recommend are unlikely to resonate in the marketplace or generate profits.

You're better off if the strategists do outward branding. Determine the image of the company by doing some solid market research and gaining a solid understanding of the problems prospective and existing customers face. Formulate your key messages using the approaches described in my article, "How to Formulate Marketing Messages".

Better yet, though, make your inward and outward branding converge. To be successful, the management and the rest of the company have to buy into the image and the branding. They have to live and breathe the customer experience. To be credible, your products must embody the key messages you communicate to the market.

Allow your strategist to build internal consensus for a market-driven brand. Then your inward and outward branding will be the same.

Comments

Popular posts from this blog

Why Spreadsheets Suck for Prioritizing

The Goal As a company executive, you want confidence that your product team (which includes all the people, from all departments, responsible for product success) has a sound basis for deciding which items are on the product roadmap. You also want confidence the team is prioritizing the items in a smart way. What Should We Prioritize? The items the team prioritizes could be features, user stories, epics, market problems, themes, or experiments. Melissa Perri  makes an excellent case for a " problem roadmap ", and, in general, I recommend focusing on the latter types of items. However, the topic of what types of items you should prioritize - and in what situations - is interesting and important but beyond the scope of this blog entry. A Sad but Familiar Story If there is significant controversy about priorities, then almost inevitably, a product manager or other member of the team decides to put together The Spreadsheet. I've done it. Some of the mos...

5 Ways Companies Make Product Decisions

In the last blog entry, we reviewed the  four problems that companies face, or are trying to overcome, as they make product decisions .  Now we'll look at the ways that most companies make their product decisions. Companies that develop, market, and sell products and solutions make strategic and ongoing tactical decisions.  They decide what features to include in their products, what messages they will use to communicate the value of their products, what marketing tactics they will use, what prospective customers they will target, and many day-to-day choices. Whether or not these decisions are deliberate or ad hoc, most companies use some combination of the following ways of making product decisions. (A downloadable "map" that summarizes the product decision landscape is included at the end of this article.) Customer Wants Product decisions based on feature requests, focus groups, and what prospects and customers say they want. Companies are selling products to ...

Is Customer Development Pseudoscience?

The “Science” of Lean Startup Lean startup practitioners embrace the scientific method, seeking the "truth" about what business model and strategy will lead to product success. We do so by: Formulating hypotheses Crafting and running experiments to test them Learning from the experiments Iteratively feeding our learnings back into revised hypotheses Sounds pretty scientific, at least in spirit, doesn't it? Yet this process actually neglects a key ingredient in the scientists' mode of operation. To identify what’s missing, let’s examine “customer development”. Customer Development Steve Blank is one of the pioneers of the lean startup movement. He introduced into the lean startup lexicon the term “customer development”. Customer development consists of sessions and interactions with customers to test hypotheses. For example, a product manager might interview a prospect, asking if she agrees with the product manager’s hypotheses about the problems she faces or the ...