While
not usually a line item on a balance sheet, the strength of company’s brand is
essential to its overall success. The greater a brand’s equity, the larger the
value at which a company can sell its products. And the greater the value of
the brand, the greater the value of the entire company.
It’s
very common for a good company to lose its brand edge over the years. Its products start to appear to be dated, its uniqueness
is being usurped by newer, hungrier companies and customers may view their
products as commodities in some cases. And not to be forgotten in all of this
are the employees, who are there on the front lines seeing it all unfold. They
want to be part of something exciting, vibrant—a winning team again.
The
answer isn’t a new logo or a pretty website; it’s something far more strategic
that cannot be covered in a blog. Be our guest and download our LABOV Brand
Re-engineering “Bluepaper” on our website: www.labov.com/brand-re-engineering.
Barry LaBov
LABOV Marketing Communications and Training
www.labov.com/brand-re-engineering
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