This document discusses managing brands in distress and provides lessons from the Kryptonite brand crisis of 2005. It summarizes that a blogger posted that Kryptonite bike locks could be easily picked with a ballpoint pen, which then spread widely online. Kryptonite initially responded weakly but the issue grew significantly as bloggers continued discussing it. After 10 days and an estimated $10 million cost, Kryptonite announced a lock replacement program. The document concludes with recommendations for brands to avoid crises such as staying engaged with online discussions, responding quickly and empathetically, and being prepared with contingency plans.
The document outlines 10 branding and marketing trends for 2010 based on predictive loyalty metrics analyzed by Brand Keys. The trends include: 1) Value being emphasized over excessive spending; 2) Brands increasingly representing value through their meaning and identity; 3) Differentiation through unique brand meaning becoming critical for success; 4) Brands needing to authentically embody their values from the consumer perspective; 5) Growing consumer expectations that brands must keep up with through innovation; 6) Old marketing tricks like disingenuous celebrity endorsements no longer being effective; 7) Front-end brand awareness becoming less important as conversations drive viral growth; 8) Trust in the consumer community and word-of-mouth replacing buzz; 9) Consumers
Travel brands and brand storytelling [research]Headstream
油
Whilst brand storytelling is certainly alive and well, and increasingly being used by brands as a marketing activity, a Google search quickly reveals how many different definitions there are on the subject.
We therefore commissioned this in-depth research to gain a better understanding of what brand storytelling means from a consumer's perspective and how this is relevant to travel brands.
In a noisy, multi-tasking world, it is increasingly challenging to capture the attention of consumers.
This is why storytelling is getting more attention. This presentation looks at the value and benefits of storytelling, offers insight around tactical best practices, and features examples of good storytelling from brands such as Airbnb and Budweiser.
This document discusses the importance of developing a strong brand and brand story. It notes that brands elicit thoughts or feelings from customers, with emotional relationships leading to greater loyalty than logical ones. It encourages asking questions about who the brand is, what it stands for, and what it does for customers. Brand archetypes like The Innocent, The Explorer, or The Creator can give a brand personality and consistent story. The key is writing the brand story with customers as the main character and the brand playing a consistent role that customers relate to across marketing tactics.
Marketing has evolved from Marketing 1.0, which focused on product-centric selling, to Marketing 2.0, which became more customer-centric in the information age. Now, Marketing 3.0 has emerged due to the rise of social media, where consumers turn to peer feedback online and user-generated content influences purchasing decisions. Marketing 3.0 shifts the focus from consumer-centricity to human-centricity, balancing profitability with corporate social responsibility by addressing societal problems and touching consumers at a deeper level. It is now value-centric marketing that meets rational and emotional needs.
Consumer Confidence From the Consumer's POV Feb-April 2014iModerate
油
Every four weeks the media erupts with headlines trumpeting the latest Consumer Confidence numbers. And while we love a good statistic as much as the next person, we kept asking ourselves the same questions: what does that number really say about the economy? At the end of the day, what does it mean in terms of how real people act in real life?
To satisfy our curiosity and give our longitudinal qualitative approach a proper test drive, we spent the past 3 months striving to uncover the heartbeat that lurks behind Consumer Confidence. And we will spend future months doing so as well. Were developing a barometer for why people feel the way they do about the economy, their personal finances and their future, so that we can read between the numbers to understand the consumer on a deeper, more intimate level than what the data and percentages have to say.
The cover story discusses how recessions affect marketing trends and opportunities. It notes that while recessions generally reduce demand, some companies are able to prosper during downturns by investing aggressively. The story outlines some strategies for marketing during a recession, such as focusing on innovation, targeting industries less affected by the downturn, focusing on customer segments still spending, and reassuring consumers by reducing purchase risks. It provides examples of brands like Miller High Life that were successfully marketed during recessions by appealing to cost-conscious consumers. The story advocates for smarter spending on current customers to strengthen loyalty during uncertain times.
The Joy of Shopping polled 7,250 shoppers in seven
markets China, India, Brazil, Russia, USA, UK and UAE across age, income and region (both Tier 2 and 3 regions as well as major cities). The first quantitative global study of shopper mindstates.
OgilvyOne launched a competition to find the World's Greatest Salesperson. The document provides excerpts from the contest entries about what sales looks like in the digital age. Entries discuss how selling has become more human-centered and relationship-focused. Technology allows consumers to easily research products online, so sales requires customized pitches based on deep knowledge of customers and products. Great salespeople distinguish their message and harness new technologies to reach audiences personally.
The document discusses sponsorship and argues that it is often implemented lazily without involvement from decision makers, resulting in brand apathy. It notes that sponsorship investments have increased dramatically in recent decades but that sponsors often do not know how to properly implement sponsorships. The document advocates for sponsors to create useful branded utilities and content around sponsorships to generate awareness for both the sponsorship and the brand.
The document discusses sponsorship and argues that it is often implemented lazily without involvement from decision makers, resulting in brand apathy. It notes that sponsorship investments have increased dramatically in recent decades but that sponsors often do not know how to properly implement sponsorships. The document advocates for sponsors to create useful branded utilities and content around sponsorships to generate awareness for both the sponsorship and the brand.
The document discusses trends in consumer experience from the 2019 International Festival of Creativity. Three key trends are: 1) Co-creation and fluidity, with brands creating experiences for consumers to collaborate on building the brand across channels; 2) Being raw and real by creating authentic messaging that reflects consumers' lived experiences; 3) Sound becoming an important new channel, with opportunities in voice assistants, podcasts, and sonic branding. The takeaways emphasize directly engaging consumers, embracing imperfections in creative, letting consumers help define the brand experience, and developing audio strategies.
Trust, transparency, and honesty were major themes discussed at the 2019 International Festival of Creativity. The document discusses how (1) trust has been compromised in business but can be regained through authenticity, empathy and transparency; (2) technology has empowered consumers who now demand personalized experiences on their own terms; and (3) artificial intelligence needs oversight to ensure it is developed and applied ethically and for the benefit of humanity.
The document summarizes an experiment where the author tracked the time and money spent with various companies over six weeks, then invoiced those companies to pay for that time. Some companies paid the invoices, seeing it as a PR opportunity. The story grew virally online, reaching over 40,000 unique visitors. The document concludes with lessons learned, such as companies need to embrace empowered consumers, champion community stories, understand local communities, and value consumer time in order to benefit from social media opportunities.
This is an outline of my branding studies, I will be summarizing all the information I learn throughout my studies and researches into small presentations hoping it will make good and easy references for people who are looking to understand and learn more about branding.
In this presentation I will talk about the Brand basics and I will cover the following:
- What is brand?
Stay tuned and engage with me on twitter on: @YazanTamimi
Sharing Surplus: The Brand is a Social AnimalUwe Lucas
油
The document discusses the rise of social media and how it has changed the relationship between brands and consumers. It suggests that brands need to focus on sharing surplus, which is the social and economic value consumers get from sharing their experiences with brands. The opportunity for brands is to help consumers collect social rewards from their peers by associating with the brand. However, brands must understand the nature of their relationship with consumers and the type of social capital they can offer in order to develop an effective social media strategy.
Whether you are a brand or a retailer, emotion is the new currency to get consumers to consume, and shoppers to buy. Today, marketers use actual currency in the form of price promotion, but this is costing too much and is no longer sustainable. If emotion is indeed the new currency, then stories are the critical new delivery system. If you want your brand to be a contending force in 10 years, you must write your brand story today, or you will be writing its obituary later. The million dollar question is how do you
create your brand story?
Advertising Week is known as the premier event for marketing, brand, advertising, and technology professionals spanning across six major cities around the globe. During the course of four days, our teams attended countless talks from some of the industry's best at Advertising Week NY.
The document summarizes insights from speakers at the Incite Summit held in September 2013 in New York. Over two days, brand leaders from more than 30 large companies shared marketing and communications insights without using PowerPoint. This book collects the key lessons from the summit, including focusing on customer experience over products, using authentic customer stories, and understanding how marketing is transforming with new channels and data.
This ebook is a collaboration between myself and Rohit Bhargava for Incite Marketing and Communications.
It features
1) 15 key findings from the Incite Summit East - which happened in NYC in September 2013 (including detail on customer-centric approaches, storytelling, internal social media guidelines, personalization of marketing, and innovation
2) The top 5 Tweets from the Summit
3) 7 pieces of advice from some of the leading speakers at the Summit, including C-suite representatives from L'Oreal USA, Chobani and MetLife
For more on the Incite Summit East, visit www.incitemc.com/east
Shopper Marketing has become jargon: everyone talks about it, but no one can quite agree what it means. Instead of worrying about definitions, our newest white paper shifts the conversation to the broader context: designing better shopper experiences.
Simple? Yes, but with endless adaptive possibilities and implications, we think this take on shopper marketing has got a shelf-life to last.
Creating meaning in the way we satisfy consumer needs and engage with themDrthomasbrand Limited
油
This document discusses the changing landscape for brands, with an informed and engaged consumer who is difficult to reach through traditional media. It emphasizes that brands must offer real consumer value and differentiation through deep consumer insights and engagement. Brands will need to move from product categories to concepts that span categories and are defined by their meaning to consumers. Authenticity, quality, and delivering on brand promises through all consumer touchpoints will be important in this new era that values substance over puffery in branding and marketing.
This document discusses the concept of "behavior brands" and how brands need to shift from simply communicating messages to taking meaningful actions that demonstrate their values. It provides examples of brands like I LOHAS water and Nestle that have become more engaging by focusing on behaviors that help consumers. The document also discusses how a new generation, referred to as "Gen B", values brands that act according to their stated purposes and priorities, not just talk about them. It advocates that brands develop "blueprints" focused on actions and behaviors to engage this new generation of consumers.
Brands That Do: Building Enterprise BusinessS_HIFT
油
Over 75 percent of brands are so meaningless to consumers that they may as well not be there. They are brands that are of no consequence just names on products or services.
There is hope. Our research found that brands around the world matter in different ways than they did before. People want brands that act, that help, that do. Consumers are sending a very clear message that challenges every part of a business from finances to operations to marketing. Consumers are telling us to stop making empty promises and start acting in new and different ways. In other words, we should be building brands that do things that matter to their customers.
This document discusses key marketing concepts like consumer insight, brand positioning, brand idea, and brand communication idea. It provides definitions and explanations of each concept. Consumer insight is defined as the underlying behaviors, motivations, pain points and emotions of consumers. Different types of consumer insights are needed at different stages of developing the brand positioning, brand idea, and brand communications idea. Real-life examples from Vietnamese brands are also provided to illustrate how consumer insights can inform the development of brand fundamentals.
Resilient Brands: A framework for brand building in the digital ageBrilliant Noise
油
This document provides a framework for building resilient brands in the digital age. It discusses three elements of resilient brands: brand as belief, brand as strategy, and brand as experience. For brand as belief, the document emphasizes identifying a common purpose between the brand and customers. It provides examples of Patagonia and Chipotle finding common purpose. For brand as strategy, it introduces the "hourglass model" to balance top-down and bottom-up brand activities around a common purpose. It discusses how Netflix has transformed its brand strategy. For brand as experience, it stresses that brands are only as strong as the last customer experience.
This document provides a framework for building resilient brands in the digital age. It discusses three elements of resilient brands: brand as belief, brand as strategy, and brand as experience. For brand as belief, the document emphasizes identifying a common purpose between the brand and customers. It provides examples of Patagonia and Chipotle finding common purpose. For brand as strategy, it introduces the "hourglass model" to balance top-down and bottom-up brand activities around a common purpose. And for brand as experience, it stresses that brands are only as strong as the last customer experience.
The document discusses sponsorship and argues that it is often implemented lazily without involvement from decision makers, resulting in brand apathy. It notes that sponsorship investments have increased dramatically in recent decades but that sponsors often do not know how to properly implement sponsorships. The document advocates for sponsors to create useful branded utilities and content around sponsorships to generate awareness for both the sponsorship and the brand.
How To Crash The Party North 1231226907563744 1gueste76bac7
油
This document discusses how brands can participate in the consumer-controlled economy without being thrown out. It outlines how consumers now control media and brand consumption through user-generated content. Brands must find ways to empower consumers as creators by providing tools for self-expression. Examples include allowing consumers to design products and share brand communications. The rise of social media has given consumers more control over their experiences. Brands must learn to participate in conversations and communities instead of just pushing messages.
Content marketing is all the rage. In a distracted world, where consumers are bombarded with advertising and overwhelmed by media and device choices, brands are searching for a new ways to connectideally over the long...
OgilvyOne launched a competition to find the World's Greatest Salesperson. The document provides excerpts from the contest entries about what sales looks like in the digital age. Entries discuss how selling has become more human-centered and relationship-focused. Technology allows consumers to easily research products online, so sales requires customized pitches based on deep knowledge of customers and products. Great salespeople distinguish their message and harness new technologies to reach audiences personally.
The document discusses sponsorship and argues that it is often implemented lazily without involvement from decision makers, resulting in brand apathy. It notes that sponsorship investments have increased dramatically in recent decades but that sponsors often do not know how to properly implement sponsorships. The document advocates for sponsors to create useful branded utilities and content around sponsorships to generate awareness for both the sponsorship and the brand.
The document discusses sponsorship and argues that it is often implemented lazily without involvement from decision makers, resulting in brand apathy. It notes that sponsorship investments have increased dramatically in recent decades but that sponsors often do not know how to properly implement sponsorships. The document advocates for sponsors to create useful branded utilities and content around sponsorships to generate awareness for both the sponsorship and the brand.
The document discusses trends in consumer experience from the 2019 International Festival of Creativity. Three key trends are: 1) Co-creation and fluidity, with brands creating experiences for consumers to collaborate on building the brand across channels; 2) Being raw and real by creating authentic messaging that reflects consumers' lived experiences; 3) Sound becoming an important new channel, with opportunities in voice assistants, podcasts, and sonic branding. The takeaways emphasize directly engaging consumers, embracing imperfections in creative, letting consumers help define the brand experience, and developing audio strategies.
Trust, transparency, and honesty were major themes discussed at the 2019 International Festival of Creativity. The document discusses how (1) trust has been compromised in business but can be regained through authenticity, empathy and transparency; (2) technology has empowered consumers who now demand personalized experiences on their own terms; and (3) artificial intelligence needs oversight to ensure it is developed and applied ethically and for the benefit of humanity.
The document summarizes an experiment where the author tracked the time and money spent with various companies over six weeks, then invoiced those companies to pay for that time. Some companies paid the invoices, seeing it as a PR opportunity. The story grew virally online, reaching over 40,000 unique visitors. The document concludes with lessons learned, such as companies need to embrace empowered consumers, champion community stories, understand local communities, and value consumer time in order to benefit from social media opportunities.
This is an outline of my branding studies, I will be summarizing all the information I learn throughout my studies and researches into small presentations hoping it will make good and easy references for people who are looking to understand and learn more about branding.
In this presentation I will talk about the Brand basics and I will cover the following:
- What is brand?
Stay tuned and engage with me on twitter on: @YazanTamimi
Sharing Surplus: The Brand is a Social AnimalUwe Lucas
油
The document discusses the rise of social media and how it has changed the relationship between brands and consumers. It suggests that brands need to focus on sharing surplus, which is the social and economic value consumers get from sharing their experiences with brands. The opportunity for brands is to help consumers collect social rewards from their peers by associating with the brand. However, brands must understand the nature of their relationship with consumers and the type of social capital they can offer in order to develop an effective social media strategy.
Whether you are a brand or a retailer, emotion is the new currency to get consumers to consume, and shoppers to buy. Today, marketers use actual currency in the form of price promotion, but this is costing too much and is no longer sustainable. If emotion is indeed the new currency, then stories are the critical new delivery system. If you want your brand to be a contending force in 10 years, you must write your brand story today, or you will be writing its obituary later. The million dollar question is how do you
create your brand story?
Advertising Week is known as the premier event for marketing, brand, advertising, and technology professionals spanning across six major cities around the globe. During the course of four days, our teams attended countless talks from some of the industry's best at Advertising Week NY.
The document summarizes insights from speakers at the Incite Summit held in September 2013 in New York. Over two days, brand leaders from more than 30 large companies shared marketing and communications insights without using PowerPoint. This book collects the key lessons from the summit, including focusing on customer experience over products, using authentic customer stories, and understanding how marketing is transforming with new channels and data.
This ebook is a collaboration between myself and Rohit Bhargava for Incite Marketing and Communications.
It features
1) 15 key findings from the Incite Summit East - which happened in NYC in September 2013 (including detail on customer-centric approaches, storytelling, internal social media guidelines, personalization of marketing, and innovation
2) The top 5 Tweets from the Summit
3) 7 pieces of advice from some of the leading speakers at the Summit, including C-suite representatives from L'Oreal USA, Chobani and MetLife
For more on the Incite Summit East, visit www.incitemc.com/east
Shopper Marketing has become jargon: everyone talks about it, but no one can quite agree what it means. Instead of worrying about definitions, our newest white paper shifts the conversation to the broader context: designing better shopper experiences.
Simple? Yes, but with endless adaptive possibilities and implications, we think this take on shopper marketing has got a shelf-life to last.
Creating meaning in the way we satisfy consumer needs and engage with themDrthomasbrand Limited
油
This document discusses the changing landscape for brands, with an informed and engaged consumer who is difficult to reach through traditional media. It emphasizes that brands must offer real consumer value and differentiation through deep consumer insights and engagement. Brands will need to move from product categories to concepts that span categories and are defined by their meaning to consumers. Authenticity, quality, and delivering on brand promises through all consumer touchpoints will be important in this new era that values substance over puffery in branding and marketing.
This document discusses the concept of "behavior brands" and how brands need to shift from simply communicating messages to taking meaningful actions that demonstrate their values. It provides examples of brands like I LOHAS water and Nestle that have become more engaging by focusing on behaviors that help consumers. The document also discusses how a new generation, referred to as "Gen B", values brands that act according to their stated purposes and priorities, not just talk about them. It advocates that brands develop "blueprints" focused on actions and behaviors to engage this new generation of consumers.
Brands That Do: Building Enterprise BusinessS_HIFT
油
Over 75 percent of brands are so meaningless to consumers that they may as well not be there. They are brands that are of no consequence just names on products or services.
There is hope. Our research found that brands around the world matter in different ways than they did before. People want brands that act, that help, that do. Consumers are sending a very clear message that challenges every part of a business from finances to operations to marketing. Consumers are telling us to stop making empty promises and start acting in new and different ways. In other words, we should be building brands that do things that matter to their customers.
This document discusses key marketing concepts like consumer insight, brand positioning, brand idea, and brand communication idea. It provides definitions and explanations of each concept. Consumer insight is defined as the underlying behaviors, motivations, pain points and emotions of consumers. Different types of consumer insights are needed at different stages of developing the brand positioning, brand idea, and brand communications idea. Real-life examples from Vietnamese brands are also provided to illustrate how consumer insights can inform the development of brand fundamentals.
Resilient Brands: A framework for brand building in the digital ageBrilliant Noise
油
This document provides a framework for building resilient brands in the digital age. It discusses three elements of resilient brands: brand as belief, brand as strategy, and brand as experience. For brand as belief, the document emphasizes identifying a common purpose between the brand and customers. It provides examples of Patagonia and Chipotle finding common purpose. For brand as strategy, it introduces the "hourglass model" to balance top-down and bottom-up brand activities around a common purpose. It discusses how Netflix has transformed its brand strategy. For brand as experience, it stresses that brands are only as strong as the last customer experience.
This document provides a framework for building resilient brands in the digital age. It discusses three elements of resilient brands: brand as belief, brand as strategy, and brand as experience. For brand as belief, the document emphasizes identifying a common purpose between the brand and customers. It provides examples of Patagonia and Chipotle finding common purpose. For brand as strategy, it introduces the "hourglass model" to balance top-down and bottom-up brand activities around a common purpose. And for brand as experience, it stresses that brands are only as strong as the last customer experience.
The document discusses sponsorship and argues that it is often implemented lazily without involvement from decision makers, resulting in brand apathy. It notes that sponsorship investments have increased dramatically in recent decades but that sponsors often do not know how to properly implement sponsorships. The document advocates for sponsors to create useful branded utilities and content around sponsorships to generate awareness for both the sponsorship and the brand.
How To Crash The Party North 1231226907563744 1gueste76bac7
油
This document discusses how brands can participate in the consumer-controlled economy without being thrown out. It outlines how consumers now control media and brand consumption through user-generated content. Brands must find ways to empower consumers as creators by providing tools for self-expression. Examples include allowing consumers to design products and share brand communications. The rise of social media has given consumers more control over their experiences. Brands must learn to participate in conversations and communities instead of just pushing messages.
Content marketing is all the rage. In a distracted world, where consumers are bombarded with advertising and overwhelmed by media and device choices, brands are searching for a new ways to connectideally over the long...
The Deep Focus 2015 Marketing Outlook ReportDeep Focus
油
Deep Focus' third annual 2015 Marketing Outlook Report explores the nature of two critical elements: intricacies of social media becoming digital marketing and digital marketing becoming simply known as marketing. In the context of a seemingly never-ending deluge of marketing noise, we sift through the highlights and pitfalls of what's next and help guide you through the year and beyond.
"A brave, new business world."
Its difficult to imagine any landscape thats changed more than business-to-business. The last 5 years has seen almost all the rules re-written, re-worked or simply revoked. Social platforms. Mobile connectivity. Niche business media. Content as a sales source. Targeting business people as people. They're just the tip of a moving landscape. In the pages of 'Engaging a business audience of One,' the OgilvyOne thought-leaders examine each of these game-changers.
The document discusses best practices for brands establishing themselves as publishers in the current media landscape. It finds that one-third of top global brands have created publishing platforms. There are three main types: core branding sites, content marketing hubs, and sponsored destinations. The most successful platforms use a blend of brand and user-generated content, have a strong visual style and editorial mandate, and engage their communities. The document analyzes various brand publishing platforms and rates them on metrics like audience value and brand value. It provides the example of Virgin's data-driven content strategy improving site engagement through personalized storytelling.
1. 30
COVER STORY
D
ear reader, my
opinion is not
necessarily a
sword fight against
branding as we
know it, but an
opportunity to
challenge the
way we see and relate to branding. I cant
help but remember an article that was
once published by Sokoni magazine in
2008. It was of an interview of then, the
Managing Director of Ipsos Synovate. He
was taking a critical look at how we manage
established brands in Kenya. He went on
to say that; marketing or marketers have
fainted in Kenya. Brand management had
been reduced to selling and sales targets,
forgetting brand essence. If memory serves
me right, his view was fairly simple, if
marketersunderstoodtheessenceofbrands
they represented, then more focus would be
placed on brand unique properties or brand
promiseratherthanpriceoffs,inabidtoget
more customers. This is to say seek ye first
the kingdom, and all these, and other things
shall be added. Services and products that
are differentiated, and exist to make human
life better, will naturally be sought at any
price. This therefore makes brand identity
the most important thing, before selling.
So as to better explain how to manage
a brand in crisis, I would like us to take a
look at what a brand really is. I find myself
spending more time with clients discussing
the issue of branding, before tackling media
solutions, because branding has a strong
influence in how media is selected and ap-
plied.
A Brand is an emotional and physiologi-
cal relationship with customers, based on
opinions, emotions and physiological re-
sponses. The influence or perception of a
brand is determined by its DNA. As in the
case of Starbucks, the logo allows the viewer
the freedom to interpret for themselves,
what she means to them. In the case of ap-
ple, given the history of the fall of man, the
partly eaten apple represents; lust, hope,
knowledge and anarchy. Millions of dollars
has been invested in shaping consumer per-
ceptions and relations with these brands.
Brand mapping or brand essence has
four main quadrants. The first represent-
ing how the consumer would describe the
product in a physical sense. The second de-
scribes how the brand would make the con-
sumer look, the third, how it would make
the consumer feel, and finally the fourth,
what the brand does for the consumer. At
the core or the heart of these quadrants, is
the brand promise.
Brand promise remains the most dis-
tinct and unchanged platform that re-
mains clear and true through- out the life
of a brand, and needs to be defended at all
costs. It is from this that all other brand at-
tributes gain relevance. It enables brands
remain relevant and leverage the value of
past investments in communication, and
into the future (heritage).
I am still puzzled that Kenya is referred
to as a brand. Is Kenya really a brand? Is
there a single minded claim/promise that
Kenya can own and defend? One that is
unique from any other country in Africa? I
think that, there are many things going on
about Kenya, that would make referring to
Kenya as a brand, a challenge, even to the
most accommodating mind.
I would like to tell you about an inter-
esting case study that I often refer to as day
ten. Several years back in Corporate Amer-
ica, the power of blogging had not been
fully revered, until day ten story happened.
September 12 2005, someone who was not
particularly happy, posted on a group dis-
cussion site of bicycle enthusiasts, a strange
occurrence they had observed. That the
well-known and trusted, U-shaped Kryp-
tonite lock could be easily picked with a Bic
ballpoint pen. Two days later a number of
blogs, including the consumer electronics
site Engadget, posted a video demonstrat-
ing the trick. Were switching to some-
thing else ASAP, wrote Engadget editor Pe-
ter Rojas. On Sept. 16, Kryptonite issued a
bland statement saying the locks remained
a deterrent to theft and promising that a
new line would be tougher. That wasnt
Managing Brands in Distress
By ABED MWANGIZA
2. 31
COVER STORY
enough. (Trivial empty answer, wrote
someone in the Engadget comments sec-
tion.) Every day new bloggers began writ-
ing about the issue and talking about their
experiences as hundreds of thousands were
reading about it. Prompted by the blogs, the
New York Times and the Associated Press
on Sept. 17 published stories about the
problem-articles that set off a new chain of
blogging. On Sept. 19, estimates Technorati,
about 1.8 million people saw postings about
Kryptonite.
Finally, on Sept. 22, Kryptonite an-
nounced it would exchange any affected
locks free of charge. The company expected
to send out over 100,000 new locks. Its
been--I dont necessarily want to use the
word devastating--but its been serious
fromabusinessperspective,saysmarketing
director Karen Rizzo. Kryptonites parent,
Ingersoll-Rand, said it expects the fiasco to
cost $10 million, a big chunk of Kryptonites
estimated $25 million in revenues. Ten days,
$10 million. Had they responded earlier,
they might have stopped the anger before
it hit the papers and became widespread,
says Andrew Bernstein, CEO of Cymfony,
a data-analysis company that watches the
web for corporate customers and provides
warning of such impending catastrophes.
www.stephanspencer.com/aftermath-of-
the-kryptonite-blogstorm/
Here are some quick considerations
that can aid brands avert and manage crisis
situations:-
Be on The Pulse:- Given the soft nature
of the internet, it does not cost much for
brands to keep watch of what is being dis-
cussed online on social media and blogs. I
find these particularly helpful in creating
relevant brand messages that resonate with
the mood and thinking of consumers.
Brands Are An Emotional Business:- It
is a fairly fine line between love and hate.
Remember consumers are emotionally at-
tached to brands. It is important that brand
managers are emotionally available to con-
nect and engage with consumers. Some-
times a sorry or I understand goes a long
way than the term my point is.
Know What Your Brand Can & Cannot
Do:- The more I think of brands as person-
alities, the more I get to understand how
they are expected to behave and relate. It
is on the basis of the four quadrants earlier
mentioned, that brand personality is clearly
outlined.
Sloth Not:- It is important that brands
act prudently and on time. In this day and
edge nothing ever goes away by itself.
Create A What If Matrix Alongside Your
Annual Marketing Planning:- This kind of
thinking makes crisis less strange and more
bearable. It is indeed a challenge to get all
relevant parties aligned especially in large
corporations, where there is likely an abun-
dance of ego. However, this exercise can
make difficult times more strengthening,
rather than not.
Online PR Exists:- Gone are the days
when public relations was restricted to TV,
radio and print. The dominance of the in-
ternet and mobile phones has brought peo-
ple together, given them the power to shape
brands through User Generated Content.
This is therefore the most logical place for
brands to start communicating and engag-
ing.
Abed Mwangiza Media Director and
General Manager Havas Media Kenya