Established, respected
manufacturers who’ve been around for decades, even centuries, can lose their
brand signal. Their uniqueness and everything they do that makes their company
and products special can get lost when it’s not consistently leveraged. After
all, when you’ve been in business for years and years, shouldn’t everyone
already know what makes you special? It’s a risky assumption considering
industry newcomers can gobble up market share by more aggressively touting
their advanced technologies, the products they’re developing or the streamlined
processes they’re using. All the while, they can make long-standing companies
look like dinosaurs.
Brand
re-engineering can be a powerful tool in re-igniting a company that has lost
its brand signal. Customers, employees and stakeholders want to feel confident
in a brand’s vision. That means companies must leverage everything they do that
makes them special in the marketplace. That un-named process that makes a
product far superior to others; that million dollar investment in new
technology; that cutting-edge manufacturing method—they all have great
potential, if leveraged correctly, to help a long-standing company retain its
place at the top of the industry and exponentially increase its success.
Barry LaBov
LABOV Marketing Communications and Training
www.labov.com