Brand, the sentiments your visual language and positioning evoke, is
your most valuable asset. Your brand is a product of a complex
relationship between your products and services and your customers and
employees. These stakeholders embody the company’s mission, vision, and
values—not as they are written down but as they are realized. It is
their actions that will determine the success of your company’s
products and services. The brand’s existence hangs in the balance. Each
touch point will either erode or strengthen your brand.
A Booz Allen
Hamilton survey conducted with Northwestern University’s Kellogg School
of Management indicates companies that invest in “relational assets”
(relationships with customers and suppliers, alliance partners, and
employees) outperform other companies financially. Trust-based,
mutually satisfying, long-term relationships between people have
enormous value. Your brand is what ties your relational assets
together. Understanding that connectivity makes your brand more
powerful.
Brand is often misunderstood because it is an abstraction.
People make complex claims about what a brand is and what it can do. We
believe all brands have two components:
- Brand Elements are simply the
name, logo, logotype, shapes, colors, products, and services by which a
company is represented and ultimately recognized. These elements can be
touched, seen, and easily defined.
- Brand Self is what we call the more
intangible, but equally vital, piece of brand. It resides at the
crossroads of your elevator pitch and the mission, vision, and values
of your company.
Together the Brand Elements and the Brand Self are
affected by where your company has been and where it is going. Your
brand is your company’s culture and products, as much as the visual and
verbal language representing your company. Each touch point is a vital
opportunity for your company to position itself through a consistent,
clear, meaningful identity relevant to consumers and employees.
Therefore, defining and developing a strong brand is not optional. The
branding process has well-defined steps, elements, checks, and
balances. Branding is a science as much as an art form. Brand and web
strategy development is a process that separates companies from their
competition.