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Tag: Business Transformation

Transforming Business Through Empathy

Posted on by Tracy Lloyd

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Empathy and Business? Some say no, we say yes.

There are many factors that add meaning and purpose to a brand, and they all stem from a single source: empathy.

Empathy is the ability to walk in another person’s shoes. That is, to see and experience the world from a perspective different from your own.

Here we explore how empathy plays a vital role in shifting brands from a bland and vulnerable position to one that is robust in meaning and purpose.

Empathy as a driver of brand strategy

When you’re close-in to a business’s daily operations it’s hard to see how your brand is perceived by the people you serve, both as customers and employees. To create a meaningful and purposeful dimension for your brand requires you to step out of your own perceptions of what’s good and valuable about your brand. It forces you to look at your brand – and everything it represents – through the lens of human needs, values, and aspirations. Through an empathetic approach, it’s easier to see the meaningful outcomes people experience based on their interactions with your brand. As such, empathy leads you to the deep-rooted, emotional connections that can be forged to create strong and enduring bonds. You won’t reach this point without allowing yourself to take the necessary steps back to the most common and fundamental needs, values and aspirations of humanity.

Empathy as a cultural ethos

Your business is a set of policies and procedures that have been conceived and designed to produce desired metrics (e.g. productivity, efficiency, profitability). Empathy can be used to elevate how well these functions not only produce the desired metrics, but do so in a way that aligns to the needs, values, and aspirations of the people involved. Empathy helps you create a more human-centric culture, by encouraging you to rethink and reconfigure the nature of your policies and procedures. As such, empathy helps you better engage and motivate employees. This means they’ll be far more likely to listen to, appreciate, and follow your leadership.

Empathy as an engine of innovation

If your business, like many, is struggling with hyper-competition and increasing product commoditization, innovation will be a primary focus. Nothing inspires innovation better than empathy. By encouraging your development people to “walk in your customer’s shoes”, either literally or through sensed experience, you bring them closer to what’s really important and valuable to the market. An empathetic attitude sheds new light on what’s needed now and how to best address that need or opportunity.

Empathy as a leadership practice

We’re all born empathetic. As babies we all had the capacity to perceive how others were feeling and what they were experiencing. Sadly, over time, we lose this skill. However, it is remarkably easy to revive and put to good use. Mindful leadership is the goal. All it requires is that you adapt your leadership presentation and style based on an understanding of your follower’s needs, values, and aspirations. You don’t necessarily change your management objectives, you simply radically improve your leadership performance by forging more meaningful connections with your followers.

If you are looking into the future, looking for new ways to transform your business, and have questions about your brand’s ability to navigate the rough seas ahead, you’ll want to carefully consider your own, and your organization’s, capacity for empathy. The strongest businesses going forward will be known for how their meaning and purpose-led behavior enhances both individual and collective well-being. They only reach this strong position by embracing empathy every step of the way.

Emotive Brand is a San Francisco branding agency.
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Business Growth Strategies for a Brand Turnaround

Posted on by Tracy Lloyd

Business Growth Won’t Last Forever

Business growth should never be taken for granted. Even when things look promising, your business could still be at risk for falling into a slump, or worse, taking a dive. It’s impossible to deny that the market is volatile and unpredictable. Competition is abundant, and all businesses lose market share at some point.

When revenue hits a speed bump, it’s common for leaders to anxiously ride it out. But when business growth really slows down, denial isn’t going to get you out of the rut. Leadership may react with a mad scramble to redirect the sinking ship: new products, new markets, or new acquisitions can transpire overnight. But if these changes occur in a C-suite silo, there’s a high probability your employees and core customers will feel left in the dark. And employees with varying ideas about the future and customers, who no longer feel connected to your business, can easily derail a growth strategy.

Misalignment only leaves more opportunity for your competitors to encroach on even more of your space. And when that happens, employee morale can sink deeper, recruiting becomes more challenging, and share prices may plummet as investors abandon ship. At this point your options are clear: execute a thoughtful, agile turnaround strategy or risk becoming obsolete.

Bringing Your Brand Along for the Ride

Some of the most common approaches to a turnaround strategy include increasing growth through new market penetration, tapping into new markets, pursuing alternate sales channels, developing new products, or expanding your customer base. Regardless of which avenue you follow, transforming your business without preparing your brand to adapt alongside it can jeopardize your plans for growth.

Consider the recent news of Tesla Motor’s offer to acquire SolarCity. With Tesla shares dropping 16% over the last year, Tesla turned to the acquisition as a business growth strategy. They could no longer afford to burn through the $2.2 billion dollars of the last 4 quarters. The acquisition was an obvious attempt to turn around Tesla’s business. The problem was that Tesla took the leap into solar energy without fully considering the consequences of the brand, and more specifically the people the brand matters to. And shares have plummeted even further since the deal’s announcement. What’s the cause? Apparently, investors aren’t on board with the idea of buying solar panels. Tesla misunderstood its target audience and will now have to backtrack to renew brand loyalty. Although this example shows long-term vision, business growth without a parallel brand strategy may have insurmountable long-term consequences for Tesla and SolarCity.

Map Brand to Business

Aligning your brand to your business as it undergoes a transformation is the best way to create a roadmap that is tailored for business growth. The vision for the business needs to guide all business decisions. By bringing your brand and business together, you’ll ensure that your business stays true to who you are, what you do, and why you matter. As you position your business to grow, respecting the underlying vision of the company will ensure that the growth is in line with what the brand stands for.

Brand strategy will address your key target audiences, your value proposition, your positioning, your narrative, and your go-to-market strategy. With these elements adjusted to reflect the business transformation, your brand will be prepared to roll out a strategic marketing plan. To really change the tide of business growth, the strategy needs to incorporate long-term goals with a short-term action plan. It needs to be measurable, too. Identify the key indicators of business growth and hold the business accountable as it transforms. A turnaround that shows improvement to employee engagement, brand perception, NPS, and customer loyalty will ultimately affect sales. And increasing top line revenue increases market share and for some, stock price.

It’s All About Execution

But that’s just the plan. Executing the brand strategy as the business shifts requires agility in the changing market. Too often, companies take a year to develop a strategy and by the time they’re ready to implement it, the market has shifted. Testing and iterating in real time will allow your business and brand to adapt quickly so that it remains relevant. It’s critical to develop a flexible strategy with participation from your sales and marketing team. They will provide necessary, immediate feedback from the people on the front line of your business. Their buy-in and shared responsibility creates alignment from the top-down. As the business turnaround happens, the sales and marketing teams drive the messaging to make sure your target audience is on board, too.

Achieving Sustainable Growth

Growth strategies are never achieved without a brand that is strong enough to weather the tides of change. Whether you’re looking to grow through market penetration, market development, alternative channels, product development, or expanding your customer base, your brand needs to lead the way. And change doesn’t happen in a vacuum. An agile, measurable approach that stays true to the long-term vision is key to turning around your company’s trajectory. Grow your brand and grow your business.

Emotive Brand is a San Francisco brand strategy agency.

Business Transformation: How to Drive Successful Change

Posted on by Tracy Lloyd

The Need for Change Management

There are many reasons why an organization might come face to face with the need for a business transformation. Increasing competition, new seemingly unattainable prospects, large growth goals, or not meeting the expected return on investment are among many of the most common we see. These reasons and warning signs are by no means mutually exclusive.

A business transformation generally involves large shifts that dictate change at every level of the business and brand – small and large scale. And managing a change of this scale is no easy task for businesses or leaders today.

Too Much with Too Little

Many business transformations fail. In a recent McKinsey Quarterly survey, only 38% of executives believed their transformation had a “completely” or “mostly successful” impact on business performance.

Our observation is that when a transformation doesn’t deliver the expected results, it’s often because leaders take on too much with too little – too many initiatives with too few resources and not enough commitment to back them up. The transformation isn’t productive in the long term because support for it can’t be sustained, energy dwindles, and things are left undone.

Deciding where to focus energy is always a challenge. While some businesses find themselves trying to focus on too many initiatives at once, others place all focus on one initiative that, in the end, simply isn’t powerful enough to drive the entire transformation forward.

Transformations are dynamic, long-term processes, and it’s easy for the process to feel chaotic for those involved. Creating clarity and maintaining the momentum needed to create and manage long-term change is hard work. And it demands strong leadership and a rigorous process.

In order for a business transformation to be successful, leaders need to manage change through:  

1. A clear and deep understanding of the reasons for change:

Explaining the context for change is key to any transformation. In order to get everyone on board with change, you need to build a strong case about why it’s necessary and how it will pay off for the business and each individual within it. Especially at the early stages, metaphors, analogies, and illustrations can help.

In order to build trust, be transparent as leaders about why things need to change and how change can drive a larger transformation that positions the business and its people for success.

Make it a story and tell both sides –  emotional as well as rational. Being humble and credible as a leader goes a long way when trying to build context. Questions like – Why change? What will change? Who will change? How will we change? – are all crucial questions that help build a critical foundation of shared understanding.

2. A purpose for everyone to believe in:

Articulating the aspirations of a transformation has a lot of power. When people have a purpose they can believe in and a larger goal they can work towards together, they feel inspired and more connected. Defining the aspirations from the outset makes them more attainable. Everyone aims higher, thinks bigger, looks wider, and moves faster.

Constantly re-articulating these aspirations is key. By redefining them, you can put your greater vision in different contexts. Defining the payoff of the business transformation in terms of profitability and market value can also help make it real for people.

Other times, creating smaller aspirations that lead to a greater vision help make the long-term vision seem closer and more realistic to people. Creating small markers that gesture to the larger vision helps drive people to work with more ambition and feel more excited about the future.

3. Leadership that creates energy and champions change:

As a leader, you must be a consistent model for change. Behavior trickles down and building alignment at the top is key to ensuring your team gathers maximum momentum moving forward.

In order to create real energy, you have to make the transformation personal and exciting to people. When employees gain clarity about how their work might change today, tomorrow, and years down the line, it feels empowering. Clear direction creates energy and mobilizes people. And strong, focused leadership is key to reducing the anxiety around change and letting the positive excitement take over.

As we know, positive energy is hard to maintain and sustain, and as a leader your role is to manage the process. Creating a pace that builds momentum and moves quickly can help keep energy up and people inspired. Building reinforcement systems and a well-articulated timeline can also help sustain momentum.

Focus on change management to guarantee a successful business transformation. Powering the right kind of change in the right kind of ways can position your business to thrive in the short-term and long-term future. 

Emotive Brand is a brand strategy and design agency.

Brand Behavior Matters for Transforming your Business

Posted on by Paige Lansing Valle

To Transform Your Brand, Transform Your Brand Behavior

In the end, brand behavior is what drives results. No matter how smart and inspired your brand strategy may be, it’s just strategy. And oftentimes, it’s just not enough. In fact, we’ve seen many brand strategies fall short because they failed to move beyond brand identity and communications, and didn’t provide the guidelines, tools, and processes needed to actually bring the brand’s defining attributes to life through meaningful behavior and action.

Brand behavior is all about how your brand reaches out to people and how they respond back to you. In reality, people never experience brand strategies. Instead, they experience brand moments. These brand moments are what bring the strategy alive. So if you want to transform your brand and reap the benefits of this transformation, you have to focus on these brand moments. By honing in on how your brand behaves at every touchpoint, brand behavior is what will ultimately take your brand strategy further than the “brand deck.” The goal of brand behavior is two-fold: make customers more satisfied and loyal, while creating an aligned, ambitious, and meaningful workplace that behaves in line with your brand.

Workplace Behavior

Because behavior is learned and often mimicked, people from childhood onwards depend on elders, role models, and/or authority figures to show them the “right” way to behave. And patterns of behavior operate the same way within a workplace. They trickle down. This means workplace behavior is self-propagating, infectious, and often indicative of the culture of an organization. In fact, if your brand isn’t living up to its potential, the cause may very well be workplace behavior does not pay off why your brand matters. When you add meaning to workplace behavior, you add meaning to the brand.

No Small Task

Modifying behavior internally is key to shifting your brand externally. But aligning behavior to reflect your brand is never easy. Old, rooted, and integrated patterns of behavior become second nature and breaking out of these patterns can’t be done overnight. It’s easy to get stuck in a cycle of off-strategy behaviors, especially in the midst of a business shift. Because change is more easily said than done, it requires true courage and hard work.

Shortcuts never work. Leaders can’t just ask employees to change behaviors that they aren’t modeling themselves. And just a few “behavior champions” won’t be enough to transform your businesses. Everyone plays a role in transforming a brand (no matter how large or established the business). If behaviors don’t fit – even on an individual basis – your business will be slowed down.

When done right, workplace behavior can be transformative for you business, shifting the way people think, feel, and act with respect to your brand – and making your brand matter more.

  1. Address shifts head-on. The importance of workplace behavior can easily be brushed under the rug, misunderstood, or lost in translation. Shifts must be communicated, outlined, and demonstrated clearly from the onset. At larger companies this is especially important. It’s easy for someone who has been working for your business for 40 years to have a different understanding of the shift then your new hire. Take the time to be clear. Good communication goes a long way.
  2. Model behavior from the top down. Leaders lead by example. Demonstrating how behaviors connect to what your brand is all about is much more compelling than just telling people how to act. By behaving thoughtfully, you will discover why these behavior shifts really matter, what the challenges are, and how to overcome them as a community. This understanding will foster more successful teamwork, productivity, and help everyone move forward
  3. Show empathy, respect, and trust. Empathetic businesses are smart businesses. Try to see your business through your employees’ eyes. Through this shift in perspective, it’s easier to identify the behavior shifts that are necessary to make the brand promise relevant and powerful to everyone. Show respect for everyone’s role. Strategic shifts change how people approach and do their jobs, and these transitions can prove difficult for many. Empower your employees to make the necessary behavior adjustments.
  4. Make people feel like they matter. Recognize and reward meaningful behavior. When people feel like what they do and how they do it really does matter, they are more likely to embody the new behavior because they see first-hand how it makes a difference. The best way to get employees to behave in line with your brand is by demonstrating their individual value to the business – showing each individual how the brand can help them grow both professional and personally.
  5. Build a roadmap. In larger companies, employees often feel out of touch with where the company is headed. What’s it going to be like in 5 years? What are the goals? How can each individual help? Building a roadmap is a great way to make people part of the shift towards success. Show employees where the business could go if everyone gets on board and behaves meaningfully each and every day.

Meaningful workplace behavior will positively affect the way your brand is perceived both inside and outside the business. When people see those behind the brand behaving in a way that truly reflects who you are, what you do, and why you matter, they feel more connected and appreciative of what the brand stands for. Workplace behavior can help your brand matter more to everyone.

Emotive Brand is a brand strategy firm. 

The Meaning Gap and What it Means for Your Business

Posted on by Tracy Lloyd

Your business’s performance suffers when people don’t do what your business needs them to do. So why aren’t they doing what you need them to do? The meaning gap represents the distance that’s growing between your business and the people vital to it’s success. As your business becomes more sophisticated, measured, and managed – in other words, less human – it moves one way.

As people, acting as customers, employees, social media users, and citizens, become more mindful, concerned, and discerning – in other words, more human – they move in a different way.

Unless you act, this gap will keep growing wider and wider.

  • Your business will become more and more distant from people.
  • People will stop seeing why your business matters to them, and therefore, change their behavior in ways that work against your interests.
  • Your customers will become more and more dissatisfied and start searching for more meaningful alternatives.
  • Your employees will work with less vigor and unconsciously thwart your efforts to innovate and provide superior customer service.

Going deeper into your business, the people who are you partners, suppliers, distributors, and investors are also looking to align with businesses that matter beyond profit. As the meaning gap becomes more evident to them, they will be less likely to support you, work with you, or invest in your business.

This is all because we have moved on from the days of mindless consumerism and working-for-a-paycheck, to a time when people seek to create meaning in their lives and in everything they do.

They no longer just buy or work or stay silent or think only of themselves.

They want to do more with their lives, do things that matter, and feel they are making a positive difference through their decisions and actions.

Most important, they want to associate with businesses that help them do all of this in ways they admire, respect, and value.

The goal is to bridge the meaning gap by reaching out to people in new ways that engage them on an emotionally meaningful level.

Curious? Read our paper, “The Meaning Gap: What it Means to Your Business.” You may also find our paper, “The Age of Meaning” helpful in understanding the drivers behind the emerging values, attitudes, and behaviors of the people vital to your business’s success.

Emotive Brand is a San Francisco branding agency.

Preparing for Transformation

Posted on by Thom Elkjer

One of the big themes for business is constant change — transformation. With globalization making markets more volatile and cross-border financial flows making bondholders and investors more powerful, companies have to keep evolving to keep up. So they change their business model or their brand strategy. If they keep doing the old things, they do them in new ways. Or they do entirely new things in ways that haven’t been invented yet.

For our parents, IBM was a computer company. For us, it’s a consulting company. Time Warner was a media company; now it’s a content company after selling its cable and internet businesses and announcing it will exit print, too. HP has been trying to figure out what it is for years.

Continue reading “Preparing for Transformation”