"Are brand valuation techniques still adapted to the modern role of brands in building equity for an organization? This presentation reviews some of the more common approaches and introduces an alternative adapted to the measurement of brands in today's digital and social world.
Vivaldi is a global strategy firm helping companies address their toughest challenges in driving growth with expertise in brand strategy, innovation, design and cultural transformation. For more information about Vivaldi, visit our website: http://vivaldigroup.com/ "
6. HOW DO YOU RATE YOUR COMPANY´S EFFECTIVENESS?
6
Extremely Good
Quite Effective
Getting Better All The Time
Needs Work
Deficient
6%
27%
44%
22%
1%
SOURCE: VIVALDI PARTNERS ANALYSIS; BCG AND CMO COUNCIL STUDY 2008 OF 1,000 GLOBAL COMPANIES
7. 7
1. Introduction
2. Valuation Methods
3. Tracking Brand Equity
4. Social Media Measurement Systems
5. Social Currency
CONTENTS
12. BAV – Brand Asset Valuator
The BAV measures each brand on 48 imagery attributes that together provide an all
encompassing, holistic perceptual profile of a brand
BAV – BRAND VALUE VALUATOR
12
13. Four summary measures provide a diagnostic of the health of the brand and direction
for the future
THE MODEL
13
20. Often more PR value than practical management
value
Data quality is difficult to assess (moving averages,
online surveys, etc.)
Can get very expensive to buy and does not fit brand-
specific attribute set
LESSONS LEARNED
31
21. Not everything that can be
counted counts, and not
everything that counts can
be counted
ALBERT EINSTEIN
20
26. BRAND EQUITY MEASUREMENT PROCESS
26
TV
Radio
Print
Outdoor
Points of
Purchase
Events
Telephone
Survey
Warranty Card
Credit / Payment
Info
Focus groups
Online Survey
Analysts Survey
Stock Reports
Sale!
1
Marketing and
Brand-
Building
Investment
2
Consumer
Mindset
3
Market
Performance
Shareholder
Value
4
27. Extremely expensive especially in the B2B context
Time consuming to collect data
Lots of inconsistencies across countries
Results don’t move that much on many measures
Silos in organizations that “own” the data
LESSONS LEARNED
31
28. 28
1. Introduction
2. Valuation Methods
3. Tracking Brand Equity
4. Social Media Measurement Systems
5. Social Currency
CONTENTS
29. SOME “SOCIAL” METRICS
• # Video Views
• % YouTube Favorites
• % YouTube channel subscribers
• % YouTube Video Plays
• # of YouTube Channel Comments
• # of YouTube video reviews
• # slideshare views
• # delicious bookmarks
• # diggs
• # of Blog Mentions
• # of Forum mentions
• # of Facebook mentions
• # of Twitter mentions
• # @mentions
• # of reviews mentions
• # of comments
• Positive : Negative Mentions for any channel
• # Twitter followers
• Twitter Follower-Rate
• # reviews
• # stars in reviews
• Thread size
• Unique contributors
• Unique commenters
• # Facebook fan pages
• # Facebook fans
• Facebook Fan Rate
• Facebook Likes
• Email Open Rate
• Email Click Rate
• Email Forward rate
• Email opt-out rate
• # of Email subscribers
• # of SMS subscribers
• Clicks/ CTR
• Impressions
• Traffic
• Reach
• Registration
• Opt-in
• Page views
• Visit/session length (% site visits > 60 secs)
• Click path analysis
• Eye tracking studies
• #/% Downloads
• Changes in SERP results/ rankings
• Earned/ Owned traffic
• Inbound links
33
31. BRAND HEALTH SCORECARD
METRIC PURPOSE
OLD MEDIA METRIC/
DATA SOURCE
NEW MEDIA
METRICS
NEW MEDIA DATA
SOURCE
BRAND PREFERENCE
Do consumer prefer our brand to
competitive brands?
Share of Voice
Share of
Conversation
SMM tools
BRAND PERCEPTION
Do consumers associate the desired
brand attributes with the brand?
Market Research
Theme/Cluster
Analysis
SMM tools, Wordle
BRAND BUZZ
Do we have more mindshare than our
competitors with our target market?
Market Research
Buzz vs
competitors
SMM tools
AUDIENCE ANALYTICS
Are the segments engaging with the
brand the ones we are targeting?
Customer database
Facebook
Insights
Facebook, Customer
DB, Twitter
BUZZ (PR/ Reputation
Management)
Are we igniting relevant conversations
with our outreach activities?
PR Services
Buzz timeline,
annotated
SMM tools,
annotation
SENTIMENT
(PR/ Reputation Mgmnt)
Are they having the right impact? Market Research
Sentiment
Analysis of SM
SMM tools, custom
analysis
INFLUENCE
(PR/ Reputation Mgmnt)
Are the right people talking about the
brand?
PR Services
SM Influencer
Scorecarding
Twitter, Klout, Kred
CUSTOMER IMPACT
SURVEYS
Have our communications changed
consumer opinion?
NPS, Intent to Purchase, Customer,
Sat, Likelihood to Recommend
Same Survey
35
33. Lots of monitoring and listening, very little
decision-making
Integration of data from various sources is
extremely difficult
Measurement and metrics still evolving;
are we covering the right touch points?
LESSONS LEARNED
37
34. 34
1. Introduction
2. Valuation Methods
3. Tracking Brand Equity
4. Social Media Measurement Systems
5. Social Currency
CONTENTS
35. RESEARCH ON HOW TO BUILD BRANDS THROUGH SOCIAL CURRENCY IN TODAY’S DIGITAL
AND SOCIAL WORLD
39
37. Solve Something / Help Practitioners with their Work
Enable People
Deliver Value
Help Manage their Lives
Fit Into their Lives
Give People Time Back
37
IMPROVING PEOPLE’S LIVES
41. 41
GET REAL: REIMAGINE THE FUTURE OF MOBILITY AND DO IT
PARKNOW
Finds an available public
parking space through
GPS installed
PARKATMYHOUSE
A social network of private
parking garages for an
hour or for a penny
CHARGEPOINT
Automatically finds a
location of where to swap
the battery
DRIVENOW
Pay per use, billed
by the minute
Mission:
Become world’s leading
provider of premium products
and premium services for
individual mobility
42. Consumers are drawing a map to their doors
Don’t just try to be amazing, try to be useful
People are the channel
GUIDELINES
43. Thank you!
@ejoachimsthaler
ej@vivaldigroup.com
Erich Joachimsthaler, Ph.D.
/ Founder & CEO of Vivaldi /
“Hidden in Plain Sight is an indispensable guide for
companies’ decision makers who want to innovate
beyond hampering paradigms: in the complex
environment of global markets, it helps to win and to
seize infinite business opportunities.”
Francesco Trapani, CEO Bulgari Group
Notes de l'éditeur
So, I did some more research
And I come to a simple conclusion that
That’s an advertising from Burberry to build a brand of love
A typical image building effort
LOOOOVE
Fully dressed, on the beach in black leather
Today: Burberry brand of value
- Burberry has built the biggest presence on social networks. Bigger than... 15 million FB fans, 1.5 million Twitter followers
- video taped cat walk lets .....
It lets fans talk about the collections, opine, provide feedback, connect with other fans.
You even can be a little Anna Wintour of Vogue and express your sense of style, critique the collection of thousands of followers.
Thats what we call creating brands of value through social currency.
BMW brand of love
- Ultimate driving machine
leading maker of premium cars
Look at the imagery here –
It is about love, either for the car, or the house behind these gates, or the beautiful woman
Well, I am in love