Critical to effective brand management is the clear definition of the brand's audience and the objectives that the brand needs to achieve.
What are the objectives that you hope to achieve with your brand?
Your brand should be comprised of the company personality, image, core competencies and characteristics. The impressions that you make as well as the words people will use to describe your company to others, are the basic framework of your brand.
With a strong brand you build credibility, have more influence on your market, and motivate customers and clients to purchase from you.If done correctly your company will be looked at as a leader not a follower.
To determine your brand objectives ask yourself the following question:
- What is it that you want your brand to do for your company?
- What do you want others to know and say about your products or services?
Sample objectives may include:
- Being recognized by receiving a specific award
- Picking up a certain number of choice projects
- Gaining a specific number of new clients in the next year
- Positioning your company as an industry leader in the next five months
You will find that by defining your objectives with specifictimelinesit is easier to develop a plan of action to achieve those objectives. By defining your objectives you are able to map out a plan on how to achieve those objectives. Say for example your objective is to position your company as an industry leader. How can you go about doing this? You could:
- Have members of your team speak at Trade Shows
- Schedule lectures at professional group gatherings within your industry
- Write and publish articles in newspapers, magazines, or online media
Once you've determined your objectives the next step is to build and develop your brand strategy by listing out how, when, and what you are going to do to accomplish and meet your those brand objectives.
Use the questions above to determine your brand objectives. List each objective and map out how you plan to accomplish and succeed in meeting those objectives. Don't stop there! Once you've finished take time to list out what you can do in the this month or this quarter to meet that objective. Be specific and schedule those action items in your business calendar.
You can ask questions, add comments, and post your assignment in the Marketing Forum.