SlideShare une entreprise Scribd logo
1  sur  9
Télécharger pour lire hors ligne
September 2014
BRANDGYM
RESEARCH PAPER 8
By David Taylor
Managing Partner
The Power of
Brand Properties
www.thebrandgym.com
About the research
In this, our 8th global survey, we looked at ‘The Power of Brand Properties’. We wanted to
better understand how important distinctive brand properties are and some of the challenges
in creating, measuring and managing them.
The first part of the research was a survey of 80
senior marketing professionals across Europe,
Africa, Asia, the USA and Latin America, covering
a range of different sectors. The second part of
the research was a study of brand properties
in the ice cream market in partnership with
decode marketing. This illustrates a special
‘implicit’ research method that identifies the
strongest brand properties, those that have
created distinctive ‘memory structure’.
1 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8
The Power of
Brand Properties
The brandgym partners
Introduction
We are strong believers in the power of
distinctive brand properties in helping brands
grow, as covered in our latest book,‘Grow
the Core’. These brand properties cover
communication (slogans, characters etc.),
identity (colour, logos etc.) and activation
(sponsorship, promotions etc.).
We wanted to evaluate marketing directors’
real-life experience with brand properties, to
understand how important a driver of growth
they are, and to explore how brand properties
are measured and managed.
In this paper we look at the following areas:
• The Power of Properties: how important are
brand properties in growing the core?
• Property Management: how effectively are
brand properties measured and managed?
• Brand Property Measurement: a real-life
study on ice cream to illustrate how to
measure brand properties. For example,
which of the properties below are strongest
for Magnum*?
* Answers later on!
www.thebrandgym.com
2 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8
The key role played by brand properties in growing brands and businesses is confirmed by the
marketing directors in our survey. A whopping 83% say brand properties are extremely important
in creating strong brands, with the remaining 17% saying they were important.Why did our
respondents think distinctive brand properties were so important?
First, if properties are distinctively linked to the brand they become ‘iconic assets’ that can help
create standout in a cluttered environment. As one respondent comments,‘Consumers are being
bombarded across many different media channels and brand properties help them recognize the
brand with less effort’. Second, the most powerful properties go beyond recognition to also trigger
brand meaning, as one marketing director observes: ‘A distinctive brand property drives powerful
story-telling, an opportunity to build affiliation and connection.’
Having established that brand properties are important, which of the many types of property are
most commonly used and which are under utilised? See below for the different types of brand
properties we explored. In addition, how long have properties been used for, given that memory
structure takes an estimated two to three years to create?
Part1: The power
of properties
Importance of brand properties
Product/Service Identity
Communication
Activation
17%
83%
Extremely Important
Important
Symbol ShapeColour
Sonic Celebrity Character Slogan
Symbol
www.thebrandgym.com
3 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8
In terms of types of brand property, logos
(95%) and colours (85%) are the most
commonly used, being essential to a brand’s
identity. Slogans are also used by the majority
of companies.
But there is an opportunity to make use of a
broader set of properties (see below). Less than
half use distinctive shapes, such as Coke’s iconic
bottle, or product ‘reasons to believe’ (RTB)
such as Dove’s ¼ moisturising cream. Finally,
‘sonic branding’ (jingles, music etc.), are used
by a mere 18% of brands.
In terms of consistency, properties related
to brand identity (colour, logo, shape) score
best, with 85%+ used for at least 3 years, the
estimated time needed for memory structure
creation. There is less consistency in slogans
and product RTBs, with only ²⁄³ used for 3 years+
(a number which seems high, based on real-life
project experience!) and activation.
The advantage of characters (e.g. Captain Bird’s
Eye/Iglo, Betty Crocker) over celebrities is shown
by 90% of these lasting 3 years+, compared to
only 25% of celebrities. The latter may go out
of fashion or do something stupid and/or illegal!
(think Luis Suarez,Tiger Woods, Lance Armstrong).
Part1: The power
of properties
Action point: there are opportunities for brands to use of a broader range of
properties, especially sonic branding. Also, brands need to be more consistent
in their use of brand properties to create memory structure.
Usage of properties Consistency of properties
Usage: % using this type of property
Consistency:%usingfor3yearsormore
0%
33%
33% 66% 100%
66%
100%
Identity
Comms/Activation
Product
Sonic Activation
Celebrity
Character
Product R.T.B
Colour Logo
Slogan
Shape
www.thebrandgym.com
4 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8
Part2: Property
Management
Action point: most companies need a better process for measuring and managing
brand properties. This requires putting in place a well designed quantitative tracking
survey and then ensuring that this is used when making any decisions.
Most companies have agreed which key
brand properties to build (even if earlier
results show that the range of properties
used is limited). However, almost half lack
proper quantitative tracking data to measure
the recall and meaning of these properties
(in our experience, it is much less than
half). Measurement of brand properties still
over-relies on qualitative research (68%).
Qualitative research, and most quantitative
research, focuses on rational consumer
feedback, whereas brand properties work at
an ‘implicit’ level; they help us recognize and
recall brands without rational thinking.
Over half of marketers surveyed say the main reason for changing brand properties is organisational
change, especially changes of marketing director. This premature property changing prevents
memory structure being created. One respondent went as far as saying ‘Many managers destroy
valuable brand properties for their own career benefits. ’A further 20% of people say change is a
judgement call, with a mere 24% saying that a change in brand property is a strategic choice based
on quantitative data. This suggests that even amongst the companies above who have quantitative
data (54%), only half are using it properly!
20%
24% 55%
Organisation change
Strategy using data
Strategy based on
judgement
Main reason for
changing brand
properties
83%
68%
54%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Agreed set of key
properties to build
Qual research
on properties
Quant tracking
of properties
Measurement
Changing properties
www.thebrandgym.com
5 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8
Part3: Brand
Property Measurement
We ran an ‘Iconic Asset Tracker’ (IcAT) study, in partnership with decode marketing consultancy,
to show how to effectively measure brand properties. The study covered ice cream, beer and
cosmetics amongst a representative panel of 1,000 UK consumers. Highlights for Magnum ice
cream are shown here, with full results from all three categories available on request.
Importantly, the study uses an ‘implicit thinking’ approach, where people react to brand properties
in less than a second. This highlights the iconic assets that are truly embedded in memory structure,
as opposed to those recalled only after having thought about it.
Magnum’s most iconic asset is the product shape, with a 93% ‘activation’ score (prompts recall
of the brand); the brand’s distinctiveness is ‘baked in’ to the product itself. Gold core extension also
have strong activation. In contrast, the brand’s slogan,‘For pleasure seekers’, is less strong (41%),
with ¹⁄³ of people linking this to Häagen Dazs. Celebrities score much lower, with the most recent
endorser, Benicio del Toro, scoring a lowly 21%.
The shape of success
Celebrity Slogan Colour Visual Product Shape
0%
33%
66%
100%
www.thebrandgym.com
6 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8
Part3: Brand
Property Measurement
Action point: we recommend putting in place a brand property tracking system,
like the IcAT study shown here. This should use an‘implicit’ method to tap directly into
memory structure associations.
The power of Magnum’s product is shown by results from the brand’s communication visuals.
Many brands could learn from Magnum’s success, as we saw earlier that less than ½ have a
distinctive shape.
Results on Magnum’s celebrities show the
risk of changing properties, as highlighted
earlier in the paper. Eva Longoria was
used in 2008, six years ago. However,
she has more than twice the brand
activation than Benicio del Toro, who the
brand switched to in 2010. Del Toro was
actually more linked with Häagen-Dazs,
with a 34% activation score!
Product as hero
Chopping and changing
The left image has a much higher activation
score for Magnum, as the product shape and
‘cracking’ is featured. In contrast, the right
image has a low activation score, with ½ of
people mistaking it for Cornetto.
In this second pair of Magnum images,
stronger product link activates the brand
much better than a generic ‘sensual
indulgence’ image.
Strong product link
2008
87% activation
51% activation
93% activation
Weak product link
2010
9% activation
21% activation
61% activation
www.thebrandgym.com
6 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8
Conclusions
Conclusions
The important role played by brand properties in building strong brands is confirmed by this survey.
The survey also has some clear recommendations on how to best measure and manage these valuable
business assets:
•	Harness more properties: whilst brand identity properties are used by most companies, there appears
to be an opportunity to use other properties to boost distinctiveness, including activation and especially
sonic properties, such as music and jingles.
•	Proper property management: too many changes in brand property are caused by organisational
changes, especially a change of marketing director. This risks changing properties prematurely,
thus destroying valuable memory structure.
•	What gets measured gets done: most companies still lack a proper quantitative process for tracking
the recall and meaning of brand properties, to allow better management of these assets. When putting
in place a tracking system, this needs to use ‘implicit’ research, as highlighted in the example in
this paper.
8 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8
www.thebrandgym.com
Anne Charbonneau (Benelux/France)
M: +31 611 64 34 07
E: anne@thebrandgym.com
Diego Kerner (Latin America)
M: + 54 (9) 11 5 058 5900
E: diego@thebrandgym.com
Anna Eggleton (UK/Service brands)
M: + 44 (0) 7500 703 368
E: anna@thebrandgym.com
David Taylor (Managing Partner)
M: + 44 (0) 7789 202 564
E: david@thebrandgym.com
David Nichols (Managing Partner)
M: +44 (0) 7787 148 806
E: davidn@thebrandgym.com
Brand Leadership Coaching
www.brandgymblog.com
www.glue-d.co.uk
www.thebrandgym.com |
DESIGNED BY Glue-d Media Ltd |
• The brandgym is a network of 7 senior brand coaches helping companies gain and
retain brand leadership.
• We are leaders in the area of Growing the Core, helping teams focus on their core
business for brand success:
• Creating a clear and compelling brand vision to inspire core business growth.
• Amplifying distinctive brand properties over time through developing ‘turbo charged’
marketing plans.
• Building team energy and alignment through a collaborative, cross-functional process.
• Additional brandgym services include BrandVision to Action and Brand-led Innovation.
• We have a track record of helping leading companies focus on their core business for
brand success, including SAB Miller, Sainsbury’s, LVMH, Danone and Kraft.
• The brandgym works in partnership with decode marketing on brand asset tracking.
Decode are specialists in using implicit research to identify ‘iconic assets’ that are
strongly and uniquely linked to the brand.
Prasad Narasimhan (Asia)
M: +91 9901585005
E: prasad@thebrandgym.com
Silvina Moronta (Latin America)
M: +54 (9) 3436612393
E: silvina@thebrandgym.com

Contenu connexe

Tendances

Photogra phy kevin van
Photogra phy kevin vanPhotogra phy kevin van
Photogra phy kevin vanJUST36
 
International Journal of Business and Management Invention (IJBMI)
International Journal of Business and Management Invention (IJBMI)International Journal of Business and Management Invention (IJBMI)
International Journal of Business and Management Invention (IJBMI)inventionjournals
 
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...Best Practices in Creating Global Brand for New Products and Ensuring Alignme...
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...Best Practices
 
Target Corporation - Strategic Analysis
Target Corporation - Strategic AnalysisTarget Corporation - Strategic Analysis
Target Corporation - Strategic AnalysisKyle Brown
 
Hershey's Ice Breakers Cool Blast Chews Case.
Hershey's Ice Breakers Cool Blast Chews Case.Hershey's Ice Breakers Cool Blast Chews Case.
Hershey's Ice Breakers Cool Blast Chews Case.Ruben N. Medina
 
A Marketing Research Proposal for Michael Kors (March 2016)
A Marketing Research Proposal for Michael Kors (March 2016)A Marketing Research Proposal for Michael Kors (March 2016)
A Marketing Research Proposal for Michael Kors (March 2016)Ashley Peterson
 
[Article] How is Experiential Marketing shaping Customer Interaction and the ...
[Article] How is Experiential Marketing shaping Customer Interaction and the ...[Article] How is Experiential Marketing shaping Customer Interaction and the ...
[Article] How is Experiential Marketing shaping Customer Interaction and the ...Biswadeep Ghosh Hazra
 
Marketing Mix PowerPoint Presentation Slides
Marketing Mix PowerPoint Presentation SlidesMarketing Mix PowerPoint Presentation Slides
Marketing Mix PowerPoint Presentation SlidesSlideTeam
 
Differentiation strategyand impact on business edited
Differentiation strategyand impact on business editedDifferentiation strategyand impact on business edited
Differentiation strategyand impact on business editedCharlesUgwuegbu
 
Sample Marketing Plan
Sample Marketing PlanSample Marketing Plan
Sample Marketing PlanLee Rendleman
 
Example Presentation Of Product PowerPoint Presentation Slides
Example Presentation Of Product PowerPoint Presentation SlidesExample Presentation Of Product PowerPoint Presentation Slides
Example Presentation Of Product PowerPoint Presentation SlidesSlideTeam
 
An evaluation of the role of marketing strategies in developing brand equity ...
An evaluation of the role of marketing strategies in developing brand equity ...An evaluation of the role of marketing strategies in developing brand equity ...
An evaluation of the role of marketing strategies in developing brand equity ...Nevin Pillay
 
Liana Ghalumyan_Marketing Presentation
Liana Ghalumyan_Marketing PresentationLiana Ghalumyan_Marketing Presentation
Liana Ghalumyan_Marketing PresentationLianaGhalumyan
 
Marketing management dr. raafat shehata
Marketing management dr. raafat shehataMarketing management dr. raafat shehata
Marketing management dr. raafat shehataRaafat Youssef Shehata
 
TARGET CORP MARKETING STRATEGY
TARGET CORP MARKETING STRATEGY TARGET CORP MARKETING STRATEGY
TARGET CORP MARKETING STRATEGY Harsha vardhana
 

Tendances (20)

Photogra phy kevin van
Photogra phy kevin vanPhotogra phy kevin van
Photogra phy kevin van
 
International Journal of Business and Management Invention (IJBMI)
International Journal of Business and Management Invention (IJBMI)International Journal of Business and Management Invention (IJBMI)
International Journal of Business and Management Invention (IJBMI)
 
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...Best Practices in Creating Global Brand for New Products and Ensuring Alignme...
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...
 
Target Corporation - Strategic Analysis
Target Corporation - Strategic AnalysisTarget Corporation - Strategic Analysis
Target Corporation - Strategic Analysis
 
Hershey's Ice Breakers Cool Blast Chews Case.
Hershey's Ice Breakers Cool Blast Chews Case.Hershey's Ice Breakers Cool Blast Chews Case.
Hershey's Ice Breakers Cool Blast Chews Case.
 
A Marketing Research Proposal for Michael Kors (March 2016)
A Marketing Research Proposal for Michael Kors (March 2016)A Marketing Research Proposal for Michael Kors (March 2016)
A Marketing Research Proposal for Michael Kors (March 2016)
 
[Article] How is Experiential Marketing shaping Customer Interaction and the ...
[Article] How is Experiential Marketing shaping Customer Interaction and the ...[Article] How is Experiential Marketing shaping Customer Interaction and the ...
[Article] How is Experiential Marketing shaping Customer Interaction and the ...
 
Public Relations Plan for Target
Public Relations Plan for TargetPublic Relations Plan for Target
Public Relations Plan for Target
 
Marketing Mix PowerPoint Presentation Slides
Marketing Mix PowerPoint Presentation SlidesMarketing Mix PowerPoint Presentation Slides
Marketing Mix PowerPoint Presentation Slides
 
Ijm 06 10_014
Ijm 06 10_014Ijm 06 10_014
Ijm 06 10_014
 
Differentiation strategyand impact on business edited
Differentiation strategyand impact on business editedDifferentiation strategyand impact on business edited
Differentiation strategyand impact on business edited
 
Sample Marketing Plan
Sample Marketing PlanSample Marketing Plan
Sample Marketing Plan
 
Global branding
Global brandingGlobal branding
Global branding
 
Example Presentation Of Product PowerPoint Presentation Slides
Example Presentation Of Product PowerPoint Presentation SlidesExample Presentation Of Product PowerPoint Presentation Slides
Example Presentation Of Product PowerPoint Presentation Slides
 
An evaluation of the role of marketing strategies in developing brand equity ...
An evaluation of the role of marketing strategies in developing brand equity ...An evaluation of the role of marketing strategies in developing brand equity ...
An evaluation of the role of marketing strategies in developing brand equity ...
 
Consumer Behaviour
Consumer BehaviourConsumer Behaviour
Consumer Behaviour
 
Liana Ghalumyan_Marketing Presentation
Liana Ghalumyan_Marketing PresentationLiana Ghalumyan_Marketing Presentation
Liana Ghalumyan_Marketing Presentation
 
Marketing management dr. raafat shehata
Marketing management dr. raafat shehataMarketing management dr. raafat shehata
Marketing management dr. raafat shehata
 
Brand management
Brand managementBrand management
Brand management
 
TARGET CORP MARKETING STRATEGY
TARGET CORP MARKETING STRATEGY TARGET CORP MARKETING STRATEGY
TARGET CORP MARKETING STRATEGY
 

En vedette

Тарас Круц — Open Social: brand new Drupal 8 distro for building social netwo...
Тарас Круц — Open Social: brand new Drupal 8 distro for building social netwo...Тарас Круц — Open Social: brand new Drupal 8 distro for building social netwo...
Тарас Круц — Open Social: brand new Drupal 8 distro for building social netwo...LEDC 2016
 
Aparato respiratorio
Aparato respiratorioAparato respiratorio
Aparato respiratorioM5784M5954J59
 
Introduccion a la Anatomía
Introduccion a la AnatomíaIntroduccion a la Anatomía
Introduccion a la AnatomíaM5784M5954J59
 
Book_GuideToGettingAffluentBuyers
Book_GuideToGettingAffluentBuyersBook_GuideToGettingAffluentBuyers
Book_GuideToGettingAffluentBuyersMarlene Jessica
 
Advice to my children if they were 20
Advice to my children if they were 20Advice to my children if they were 20
Advice to my children if they were 20Gustaf Brandberg
 
As relações entre as marcas e as pessoas: um olhar psicanalítico
As relações entre as marcas e as pessoas: um olhar psicanalíticoAs relações entre as marcas e as pessoas: um olhar psicanalítico
As relações entre as marcas e as pessoas: um olhar psicanalítico🎯Renatho Sinuma MBA™®🎓
 
Ideation Presentation
Ideation PresentationIdeation Presentation
Ideation Presentationrgolenberg
 
Acc receivaible mgt
Acc receivaible mgtAcc receivaible mgt
Acc receivaible mgtArshad Islam
 
research proposal for edu702
research proposal for edu702research proposal for edu702
research proposal for edu702kemakamal
 
Transportasi
TransportasiTransportasi
Transportasincip48
 
Election Management Solution
Election Management SolutionElection Management Solution
Election Management SolutionTVS Next
 
Say "Hi!" to Your New Boss
Say "Hi!" to Your New BossSay "Hi!" to Your New Boss
Say "Hi!" to Your New BossAndreas Dewes
 

En vedette (20)

Тарас Круц — Open Social: brand new Drupal 8 distro for building social netwo...
Тарас Круц — Open Social: brand new Drupal 8 distro for building social netwo...Тарас Круц — Open Social: brand new Drupal 8 distro for building social netwo...
Тарас Круц — Open Social: brand new Drupal 8 distro for building social netwo...
 
Aparato respiratorio
Aparato respiratorioAparato respiratorio
Aparato respiratorio
 
Introduccion a la Anatomía
Introduccion a la AnatomíaIntroduccion a la Anatomía
Introduccion a la Anatomía
 
Actividad 2
Actividad 2 Actividad 2
Actividad 2
 
Bosch, Wackerow: Linked data on the web
Bosch, Wackerow: Linked data on the web Bosch, Wackerow: Linked data on the web
Bosch, Wackerow: Linked data on the web
 
Book_GuideToGettingAffluentBuyers
Book_GuideToGettingAffluentBuyersBook_GuideToGettingAffluentBuyers
Book_GuideToGettingAffluentBuyers
 
CC-Bro_11-11_PRN
CC-Bro_11-11_PRNCC-Bro_11-11_PRN
CC-Bro_11-11_PRN
 
Animals superstars
Animals superstarsAnimals superstars
Animals superstars
 
Advice to my children if they were 20
Advice to my children if they were 20Advice to my children if they were 20
Advice to my children if they were 20
 
Huracán otto
Huracán ottoHuracán otto
Huracán otto
 
Manual de investigacion
Manual de investigacionManual de investigacion
Manual de investigacion
 
Book Cover Evaluation
Book Cover EvaluationBook Cover Evaluation
Book Cover Evaluation
 
As relações entre as marcas e as pessoas: um olhar psicanalítico
As relações entre as marcas e as pessoas: um olhar psicanalíticoAs relações entre as marcas e as pessoas: um olhar psicanalítico
As relações entre as marcas e as pessoas: um olhar psicanalítico
 
Ideation Presentation
Ideation PresentationIdeation Presentation
Ideation Presentation
 
Acc receivaible mgt
Acc receivaible mgtAcc receivaible mgt
Acc receivaible mgt
 
People Management
People ManagementPeople Management
People Management
 
research proposal for edu702
research proposal for edu702research proposal for edu702
research proposal for edu702
 
Transportasi
TransportasiTransportasi
Transportasi
 
Election Management Solution
Election Management SolutionElection Management Solution
Election Management Solution
 
Say "Hi!" to Your New Boss
Say "Hi!" to Your New BossSay "Hi!" to Your New Boss
Say "Hi!" to Your New Boss
 

Similaire à Brandgym_research paper 8.1

Y&R El día de los clones
Y&R   El día de los clonesY&R   El día de los clones
Y&R El día de los clonesBAVLAB COLOMBIA
 
Brand Management - Module 1 Notes
Brand Management - Module 1 NotesBrand Management - Module 1 Notes
Brand Management - Module 1 NotesBella Meraki
 
Brandgym Research Paper - Brand Leadership
Brandgym Research Paper - Brand LeadershipBrandgym Research Paper - Brand Leadership
Brandgym Research Paper - Brand Leadershipdavidnbrandgym
 
Preventing Brand Failure
Preventing Brand FailurePreventing Brand Failure
Preventing Brand Failuresandeep chhaya
 
Preventing brand failure
Preventing brand failurePreventing brand failure
Preventing brand failureBlaze Idel
 
Preventing Brand Failure
Preventing Brand FailurePreventing Brand Failure
Preventing Brand FailureGaurav Khatri
 
Brand Masterclass Week Two
Brand Masterclass Week TwoBrand Masterclass Week Two
Brand Masterclass Week TwoIdris Mootee
 
Brand Equity Presentation
Brand Equity PresentationBrand Equity Presentation
Brand Equity Presentationvijaydh
 
Brand equity presentation
Brand equity presentationBrand equity presentation
Brand equity presentationutuutkarsh
 
Millward Brown Perspectives Vol. 6, Issue 3
Millward Brown Perspectives Vol. 6, Issue 3Millward Brown Perspectives Vol. 6, Issue 3
Millward Brown Perspectives Vol. 6, Issue 3Kantar
 
Essentials of Branding - The big Book of Marketing
Essentials of Branding - The big Book of MarketingEssentials of Branding - The big Book of Marketing
Essentials of Branding - The big Book of Marketingbrandsynapse
 
Brand strategy toolkit
Brand strategy toolkitBrand strategy toolkit
Brand strategy toolkitkritesh_grohe
 
Brand Strategy Toolkit
Brand Strategy ToolkitBrand Strategy Toolkit
Brand Strategy Toolkitmails2yamini
 
Grayling advantage series part 1 brand resilience
Grayling advantage series part 1   brand resilienceGrayling advantage series part 1   brand resilience
Grayling advantage series part 1 brand resilienceGrayling
 
T3_UsefulBrand_Report
T3_UsefulBrand_ReportT3_UsefulBrand_Report
T3_UsefulBrand_ReportJames Lanyon
 
Catalog 3.0: The New Call-To-Action
Catalog 3.0: The New Call-To-ActionCatalog 3.0: The New Call-To-Action
Catalog 3.0: The New Call-To-ActionVivastream
 

Similaire à Brandgym_research paper 8.1 (20)

Y&R El día de los clones
Y&R   El día de los clonesY&R   El día de los clones
Y&R El día de los clones
 
Brand Management - Module 1 Notes
Brand Management - Module 1 NotesBrand Management - Module 1 Notes
Brand Management - Module 1 Notes
 
Brandgym Research Paper - Brand Leadership
Brandgym Research Paper - Brand LeadershipBrandgym Research Paper - Brand Leadership
Brandgym Research Paper - Brand Leadership
 
Preventing Brand Failure
Preventing Brand FailurePreventing Brand Failure
Preventing Brand Failure
 
WPP Stream Commerce
WPP Stream CommerceWPP Stream Commerce
WPP Stream Commerce
 
Preventing brand failure
Preventing brand failurePreventing brand failure
Preventing brand failure
 
Preventing Brand Failure
Preventing Brand FailurePreventing Brand Failure
Preventing Brand Failure
 
Branding[1]
Branding[1]Branding[1]
Branding[1]
 
Brand Masterclass Week Two
Brand Masterclass Week TwoBrand Masterclass Week Two
Brand Masterclass Week Two
 
Brand Equity Presentation
Brand Equity PresentationBrand Equity Presentation
Brand Equity Presentation
 
Brand equity presentation
Brand equity presentationBrand equity presentation
Brand equity presentation
 
Millward Brown Perspectives Vol. 6, Issue 3
Millward Brown Perspectives Vol. 6, Issue 3Millward Brown Perspectives Vol. 6, Issue 3
Millward Brown Perspectives Vol. 6, Issue 3
 
Essentials of branding
Essentials of brandingEssentials of branding
Essentials of branding
 
Essentials of Branding - The big Book of Marketing
Essentials of Branding - The big Book of MarketingEssentials of Branding - The big Book of Marketing
Essentials of Branding - The big Book of Marketing
 
Brand strategy toolkit
Brand strategy toolkitBrand strategy toolkit
Brand strategy toolkit
 
Brand Strategy Toolkit
Brand Strategy ToolkitBrand Strategy Toolkit
Brand Strategy Toolkit
 
Grayling advantage series part 1 brand resilience
Grayling advantage series part 1   brand resilienceGrayling advantage series part 1   brand resilience
Grayling advantage series part 1 brand resilience
 
T3_UsefulBrand_Report
T3_UsefulBrand_ReportT3_UsefulBrand_Report
T3_UsefulBrand_Report
 
Catalog 3.0: The New Call-To-Action
Catalog 3.0: The New Call-To-ActionCatalog 3.0: The New Call-To-Action
Catalog 3.0: The New Call-To-Action
 
Brand equity.docx
Brand equity.docxBrand equity.docx
Brand equity.docx
 

Plus de David Taylor

Brandgym_research paper 9
Brandgym_research paper 9Brandgym_research paper 9
Brandgym_research paper 9David Taylor
 
David Taylor Brand Speaker
David Taylor Brand SpeakerDavid Taylor Brand Speaker
David Taylor Brand SpeakerDavid Taylor
 
Turbo Charge Your Marketing Plan (brandgym paper 4)
Turbo Charge Your Marketing Plan (brandgym paper 4)Turbo Charge Your Marketing Plan (brandgym paper 4)
Turbo Charge Your Marketing Plan (brandgym paper 4)David Taylor
 
Can Social Media Show you the Money? (brandgym research paper 6)
Can Social Media Show you the Money? (brandgym research paper 6)Can Social Media Show you the Money? (brandgym research paper 6)
Can Social Media Show you the Money? (brandgym research paper 6)David Taylor
 
Recession-Proof Branding
Recession-Proof BrandingRecession-Proof Branding
Recession-Proof BrandingDavid Taylor
 
Brandgym network 08
Brandgym network 08Brandgym network 08
Brandgym network 08David Taylor
 
David Taylor Brand Speaker
David Taylor Brand SpeakerDavid Taylor Brand Speaker
David Taylor Brand SpeakerDavid Taylor
 

Plus de David Taylor (8)

Brandgym_research paper 9
Brandgym_research paper 9Brandgym_research paper 9
Brandgym_research paper 9
 
David Taylor Brand Speaker
David Taylor Brand SpeakerDavid Taylor Brand Speaker
David Taylor Brand Speaker
 
Turbo Charge Your Marketing Plan (brandgym paper 4)
Turbo Charge Your Marketing Plan (brandgym paper 4)Turbo Charge Your Marketing Plan (brandgym paper 4)
Turbo Charge Your Marketing Plan (brandgym paper 4)
 
Can Social Media Show you the Money? (brandgym research paper 6)
Can Social Media Show you the Money? (brandgym research paper 6)Can Social Media Show you the Money? (brandgym research paper 6)
Can Social Media Show you the Money? (brandgym research paper 6)
 
Recession-Proof Branding
Recession-Proof BrandingRecession-Proof Branding
Recession-Proof Branding
 
Brandgym network 08
Brandgym network 08Brandgym network 08
Brandgym network 08
 
David Taylor Brand Speaker
David Taylor Brand SpeakerDavid Taylor Brand Speaker
David Taylor Brand Speaker
 
Brand-Led Growth
Brand-Led GrowthBrand-Led Growth
Brand-Led Growth
 

Brandgym_research paper 8.1

  • 1. September 2014 BRANDGYM RESEARCH PAPER 8 By David Taylor Managing Partner The Power of Brand Properties
  • 2. www.thebrandgym.com About the research In this, our 8th global survey, we looked at ‘The Power of Brand Properties’. We wanted to better understand how important distinctive brand properties are and some of the challenges in creating, measuring and managing them. The first part of the research was a survey of 80 senior marketing professionals across Europe, Africa, Asia, the USA and Latin America, covering a range of different sectors. The second part of the research was a study of brand properties in the ice cream market in partnership with decode marketing. This illustrates a special ‘implicit’ research method that identifies the strongest brand properties, those that have created distinctive ‘memory structure’. 1 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8 The Power of Brand Properties The brandgym partners Introduction We are strong believers in the power of distinctive brand properties in helping brands grow, as covered in our latest book,‘Grow the Core’. These brand properties cover communication (slogans, characters etc.), identity (colour, logos etc.) and activation (sponsorship, promotions etc.). We wanted to evaluate marketing directors’ real-life experience with brand properties, to understand how important a driver of growth they are, and to explore how brand properties are measured and managed. In this paper we look at the following areas: • The Power of Properties: how important are brand properties in growing the core? • Property Management: how effectively are brand properties measured and managed? • Brand Property Measurement: a real-life study on ice cream to illustrate how to measure brand properties. For example, which of the properties below are strongest for Magnum*? * Answers later on!
  • 3. www.thebrandgym.com 2 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8 The key role played by brand properties in growing brands and businesses is confirmed by the marketing directors in our survey. A whopping 83% say brand properties are extremely important in creating strong brands, with the remaining 17% saying they were important.Why did our respondents think distinctive brand properties were so important? First, if properties are distinctively linked to the brand they become ‘iconic assets’ that can help create standout in a cluttered environment. As one respondent comments,‘Consumers are being bombarded across many different media channels and brand properties help them recognize the brand with less effort’. Second, the most powerful properties go beyond recognition to also trigger brand meaning, as one marketing director observes: ‘A distinctive brand property drives powerful story-telling, an opportunity to build affiliation and connection.’ Having established that brand properties are important, which of the many types of property are most commonly used and which are under utilised? See below for the different types of brand properties we explored. In addition, how long have properties been used for, given that memory structure takes an estimated two to three years to create? Part1: The power of properties Importance of brand properties Product/Service Identity Communication Activation 17% 83% Extremely Important Important Symbol ShapeColour Sonic Celebrity Character Slogan Symbol
  • 4. www.thebrandgym.com 3 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8 In terms of types of brand property, logos (95%) and colours (85%) are the most commonly used, being essential to a brand’s identity. Slogans are also used by the majority of companies. But there is an opportunity to make use of a broader set of properties (see below). Less than half use distinctive shapes, such as Coke’s iconic bottle, or product ‘reasons to believe’ (RTB) such as Dove’s ¼ moisturising cream. Finally, ‘sonic branding’ (jingles, music etc.), are used by a mere 18% of brands. In terms of consistency, properties related to brand identity (colour, logo, shape) score best, with 85%+ used for at least 3 years, the estimated time needed for memory structure creation. There is less consistency in slogans and product RTBs, with only ²⁄³ used for 3 years+ (a number which seems high, based on real-life project experience!) and activation. The advantage of characters (e.g. Captain Bird’s Eye/Iglo, Betty Crocker) over celebrities is shown by 90% of these lasting 3 years+, compared to only 25% of celebrities. The latter may go out of fashion or do something stupid and/or illegal! (think Luis Suarez,Tiger Woods, Lance Armstrong). Part1: The power of properties Action point: there are opportunities for brands to use of a broader range of properties, especially sonic branding. Also, brands need to be more consistent in their use of brand properties to create memory structure. Usage of properties Consistency of properties Usage: % using this type of property Consistency:%usingfor3yearsormore 0% 33% 33% 66% 100% 66% 100% Identity Comms/Activation Product Sonic Activation Celebrity Character Product R.T.B Colour Logo Slogan Shape
  • 5. www.thebrandgym.com 4 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8 Part2: Property Management Action point: most companies need a better process for measuring and managing brand properties. This requires putting in place a well designed quantitative tracking survey and then ensuring that this is used when making any decisions. Most companies have agreed which key brand properties to build (even if earlier results show that the range of properties used is limited). However, almost half lack proper quantitative tracking data to measure the recall and meaning of these properties (in our experience, it is much less than half). Measurement of brand properties still over-relies on qualitative research (68%). Qualitative research, and most quantitative research, focuses on rational consumer feedback, whereas brand properties work at an ‘implicit’ level; they help us recognize and recall brands without rational thinking. Over half of marketers surveyed say the main reason for changing brand properties is organisational change, especially changes of marketing director. This premature property changing prevents memory structure being created. One respondent went as far as saying ‘Many managers destroy valuable brand properties for their own career benefits. ’A further 20% of people say change is a judgement call, with a mere 24% saying that a change in brand property is a strategic choice based on quantitative data. This suggests that even amongst the companies above who have quantitative data (54%), only half are using it properly! 20% 24% 55% Organisation change Strategy using data Strategy based on judgement Main reason for changing brand properties 83% 68% 54% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Agreed set of key properties to build Qual research on properties Quant tracking of properties Measurement Changing properties
  • 6. www.thebrandgym.com 5 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8 Part3: Brand Property Measurement We ran an ‘Iconic Asset Tracker’ (IcAT) study, in partnership with decode marketing consultancy, to show how to effectively measure brand properties. The study covered ice cream, beer and cosmetics amongst a representative panel of 1,000 UK consumers. Highlights for Magnum ice cream are shown here, with full results from all three categories available on request. Importantly, the study uses an ‘implicit thinking’ approach, where people react to brand properties in less than a second. This highlights the iconic assets that are truly embedded in memory structure, as opposed to those recalled only after having thought about it. Magnum’s most iconic asset is the product shape, with a 93% ‘activation’ score (prompts recall of the brand); the brand’s distinctiveness is ‘baked in’ to the product itself. Gold core extension also have strong activation. In contrast, the brand’s slogan,‘For pleasure seekers’, is less strong (41%), with ¹⁄³ of people linking this to Häagen Dazs. Celebrities score much lower, with the most recent endorser, Benicio del Toro, scoring a lowly 21%. The shape of success Celebrity Slogan Colour Visual Product Shape 0% 33% 66% 100%
  • 7. www.thebrandgym.com 6 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8 Part3: Brand Property Measurement Action point: we recommend putting in place a brand property tracking system, like the IcAT study shown here. This should use an‘implicit’ method to tap directly into memory structure associations. The power of Magnum’s product is shown by results from the brand’s communication visuals. Many brands could learn from Magnum’s success, as we saw earlier that less than ½ have a distinctive shape. Results on Magnum’s celebrities show the risk of changing properties, as highlighted earlier in the paper. Eva Longoria was used in 2008, six years ago. However, she has more than twice the brand activation than Benicio del Toro, who the brand switched to in 2010. Del Toro was actually more linked with Häagen-Dazs, with a 34% activation score! Product as hero Chopping and changing The left image has a much higher activation score for Magnum, as the product shape and ‘cracking’ is featured. In contrast, the right image has a low activation score, with ½ of people mistaking it for Cornetto. In this second pair of Magnum images, stronger product link activates the brand much better than a generic ‘sensual indulgence’ image. Strong product link 2008 87% activation 51% activation 93% activation Weak product link 2010 9% activation 21% activation 61% activation
  • 8. www.thebrandgym.com 6 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8 Conclusions Conclusions The important role played by brand properties in building strong brands is confirmed by this survey. The survey also has some clear recommendations on how to best measure and manage these valuable business assets: • Harness more properties: whilst brand identity properties are used by most companies, there appears to be an opportunity to use other properties to boost distinctiveness, including activation and especially sonic properties, such as music and jingles. • Proper property management: too many changes in brand property are caused by organisational changes, especially a change of marketing director. This risks changing properties prematurely, thus destroying valuable memory structure. • What gets measured gets done: most companies still lack a proper quantitative process for tracking the recall and meaning of brand properties, to allow better management of these assets. When putting in place a tracking system, this needs to use ‘implicit’ research, as highlighted in the example in this paper.
  • 9. 8 | SEPTEMBER 2014 | BRANDGYM RESEARCH PAPER 8 www.thebrandgym.com Anne Charbonneau (Benelux/France) M: +31 611 64 34 07 E: anne@thebrandgym.com Diego Kerner (Latin America) M: + 54 (9) 11 5 058 5900 E: diego@thebrandgym.com Anna Eggleton (UK/Service brands) M: + 44 (0) 7500 703 368 E: anna@thebrandgym.com David Taylor (Managing Partner) M: + 44 (0) 7789 202 564 E: david@thebrandgym.com David Nichols (Managing Partner) M: +44 (0) 7787 148 806 E: davidn@thebrandgym.com Brand Leadership Coaching www.brandgymblog.com www.glue-d.co.uk www.thebrandgym.com | DESIGNED BY Glue-d Media Ltd | • The brandgym is a network of 7 senior brand coaches helping companies gain and retain brand leadership. • We are leaders in the area of Growing the Core, helping teams focus on their core business for brand success: • Creating a clear and compelling brand vision to inspire core business growth. • Amplifying distinctive brand properties over time through developing ‘turbo charged’ marketing plans. • Building team energy and alignment through a collaborative, cross-functional process. • Additional brandgym services include BrandVision to Action and Brand-led Innovation. • We have a track record of helping leading companies focus on their core business for brand success, including SAB Miller, Sainsbury’s, LVMH, Danone and Kraft. • The brandgym works in partnership with decode marketing on brand asset tracking. Decode are specialists in using implicit research to identify ‘iconic assets’ that are strongly and uniquely linked to the brand. Prasad Narasimhan (Asia) M: +91 9901585005 E: prasad@thebrandgym.com Silvina Moronta (Latin America) M: +54 (9) 3436612393 E: silvina@thebrandgym.com