You can’t spray and pray.
Consistent monitoring of all the brand management has to work together like an orchestra performance; if one misses the tune then the all process becomes a failure. Although many brand management requires a mix of creativity and analysis, most companies don’t use analysis at all.
Despite investing a lot of money in research and development. Just like self-development, you need to always pivot, review and implement new ways to say relevant or remain at the top of your game. How to brands such as McDonald's or Coca Cola remain relevant? They all implement insights deduced from research report analysis.
Therefore, as the brand manager, you must always use the research insight to remain relevant to your target market. Today, the most phrase used is ‘’culture” – always tap into the cultural hegemony. Nonetheless, it is petty that many big companies have a lot of data at their disposal, yet few use it. Even fewer companies use their internal data.
In the competitive environment wherein brand management is pivotal, the strongest competitors are those that leverage resources better than their peers. Netflix, the video-on-demand brand, does its brand and marketing in a very unique and brilliant way. It always leverages resources (content) to market its brand.
This will alleviate the hit-and-miss affair, wherein you put or commission a brand management effort that isn’t worth it. After all, whatever you do in your brand management efforts needs to achieve one of two objectives; to attract more customers and to retain existing customers – of the right profile, of course.
All brand and marketing management activities need to be measured again specific objectives (marketing has to achieve both objectives – retaining and acquiring customers but not necessarily simultaneously). It is important to know what objective is most important when – i.e. what initiative would be most relevant during a particular season?
If a brand is huge, such as Castle Lite, keeping customers takes precedence over acquiring them. In effect, it has introduced an annual concert in winter that’s aimed at attracting people (consumers) to drink during this cold season when hot beverages are preferred over cold ones. This is a good example of great brand management as the most important tool that you have to achieve a specific objective.
If you are a brand manager for a big company you, probably, have myriad of brands that you are managing. Therefore, you have to pick that one particular brand and focus your energy into making it the biggest asset of your arsenal. Similarly, in a group of troops, there’s always a commander. Like the earliest example made of the orchestra, there’s always a conductor who controls the entire performance.
As previously mentioned, brand management is driven by a specific objective(s) that’s what is important to always remember when implementing any brand activation effort. You always want to retain the existing customer by keeping them informed about your endeavours – just excite them to continue their loyalty to the brand, however, acquiring new customers is also part of the equation.
All of this boils down to leveraging insight from a research report for all brand management efforts to be profitable or achieve the objective(s). Brand and marketing managers have to be goal-directed.
All marketing is aimed at retaining and gaining customers, therefore brands are the conduits used to achieve this objective. This means that all marketing activities must always be traced back to whether they achieved these objectives.
Brand and marketing management activities must be systematic and accountable based on proper analysis. It is imperative to always audit to know which factors/elements build or detract from the value of the brand.