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5 Things Executives Need to Know When Embarking on Brand Strategy

Investing in brand strategy is a big decision for executives to make today.  Plunging into an ocean of the emotional, strategic, and intellectual dimensions and depths of your brand is not what executives often want to spend time and budget on. Preconceived notions about ROI, doubts about the actual value of it, and the more obvious budget concerns to evaluate brand strategy are hugely challenging.

Many companies don’t even make it to this place – the place where they accept and understand they actually do need to invest in the brand to address their business problems. But for those that do, it can create amazing results — internally and externally.

There are a handful of important things we believe executives need to know before beginning a brand refresh or investing in a new brand strategy.

1. Strategy is only the first step

The task of creating, socializing, and implementing a brand strategy is not a one-step process or an endeavor that can be achieved overnight. The brand strategy is just step one – albeit a big one, that requires strength, endurance, thought, calculation, and time.

Here at Emotive Brand, before we begin work with a client, we want the C-suite to understand that their work does not end once the strategy is complete. The role of the strategy is to unearth what kind of terrain they are building on and to help build the foundation for the brand, but it’s up to them to build a structure for it…to maintain it…and to sell it. The brand strategy we create together will have no impact unless both employee and brand behavior changes as a result. Brand strategy without meaningful implementation is next to useless.

The creation of a brand strategy demands budget, time, and dedication. The socialization and implementation that follow the creation of a brand strategy demands more budget, more time, and even greater dedication. We urge clients to invest accordingly from the start. We want clients to bring a long-term commitment – forward-thinking and future-looking – to the work.

2. Schedule your time in advance

A huge part of commitment is time. It is essential to schedule time at the C-suite level from the onset. We work with clients to allocate and plan the appropriate time needed for every meeting and for digesting and responding to our work at every point of the process. Executives should understand the time requirement needed and be sure they can commit to it. The best way to do it is to schedule the entire project at the onset.

3. Approach the challenge with openness, honesty, and trust

Because we are trying to understand your business, and unearth emotions, meaning, and deeper purpose, we take a particularly in-depth approach. Often, the issues that prompt a brand strategy effort are just symptoms of a deeper problem. We help discover these problems where they exist. Our approach is detailed, thorough, exhaustive, and sometimes even personal. It is our job to see how teams work together and understand  each of their leadership styles so we can facilitate and align them to enable progress. We dive into company financials. And we speak one-on-one with each executive to ensure we understand their personal perspective. This is what allows us to align and facilitate change.  On every project we work hard to uncover what is happening internally and externally. The productivity of our relationship with executives thus hinges on openness, honesty, and trust. It’s essential for the C-suite to be clear and candid about the strengths and weaknesses of all aspects of the company. If we are clear where the business, culture, and growth is challenged, we can create new paths forward. Trust that you hired the right agency and their power to create positive change; your brand strategy depends on trust to push beyond where you’ve been.

4. Have the right mindset for change

You don’t embark on a brand strategy just to create a strategy. You embark on a brand strategy to transform your business; to help you reach your goals and objectives. In order to solve business problems, you must accept that things do need to change and those changes will go much deeper than just a simple logo alternation. The strategy that we help you create will almost undoubtedly change the way you communicate externally and internally. It will alter how you and your employees behave. But, it may also force you to question if you have the right team to execute on the strategy. It may even alter what products or services you sell, or what the entire future of the company might look like. These changes may feel drastic, risky, or scary. However, with the right strategy, these changes can be momentous, far-reaching, impactful, and often times exhilarating. Transform your brand. Transform your business.

5. Be willing to be led

Executives are often hard-wired to lead, not follow. It is a naturally difficult adjustment to entrust power to an outsider. However, we ask executives to prepare themselves to allow us to do just that: to direct, to organize, to manage. This is our job and expertise; this is what you hired us for. So listen, trust, and follow our lead. We promise it will steer you to great and exciting places.

Emotive Brand works with high-growth executives to address the business problems they are experiencing by quickly evaluating the most pressing needs and developing a right-sized project that delivers quick wins though an agile brand strategy process.

Find out more about the outcomes we’ve delivered for our clients here.

Emotive Brand is a San Francisco branding agency.

Consider This Before Developing Your Go-To-Market Strategy

Preparing to Develop Go-To-Market Strategy

Developing a strong go-to-market strategy (GTM) is hard to get right – especially for any startup in high-growth mode. The right GTM requires bringing together all of the strategic assets that address your business and growth strategy: sales, marketing, product, channel, brand, and vision. The benefits of developing this kind of strategy are huge, but a lot of pieces have to come together in order to properly prepare and ready your organization for investing in it.

Bringing in experts to help create a GTM strategy brings both a strategic and a valuable outside perspective to the table. It can also help evaluate if you have all the necessary strategic components in place. And also extremely important, that those components are tightly aligned to each other, laddering up to your business goals and objectives.

Evaluating Required Critical Components for your Go-To-Market Strategy

Most times, when a company looks to develop a go-to-market strategy they are pressed for time and looking to execute now. They don’t want to take any detours to evaluate readiness. But this kind of evaluation is a critical step — one that separates a winning GTM from one that falls short.

Developing a GTM strategy requires an evaluation of readiness of the following strategic assets:

1. Category:

What category are you in? Are you developing a new one?

2. Customers:

Who are you selling to? Who is your target customer? What markets are you considering?

3. Positioning:

What unique value do you offer in relation to your competitors?

4. Brand Promise:

Why does your brand matter?

5. Messaging:

Does what you are saying to each target audience to ensure your brand resonates and connects to the business problems they are seeking to resolve?

6. Narrative:

Do you have a strong story that articulates what you do, how you do it, why you matter, and what people can expect from you in the future?

7. Channels:

Where do your target customers buy? Where will you promote your products?

8. Product Offering:

What product/service are you selling? And what unique value do you offer to each target customer?

9. Pricing:

What is your pricing structure? Are you offering a SaaS model? Do you price differently for different customer types?

Methodically evaluating each component of a successful go-to-market strategy is hard. It is often an emotional process. Leadership teams feel like they’ve addressed these many times. From their perspective, all the elements are interconnected and built upon each other. But taking the time to address each one singularly and allowing outside help to bring them together more cohesively can deliver even greater value and stronger ROI, and actually save time.

Getting it Right

Timing is everything. The biggest mistake we see startups making when they go to develop a GTM strategy is two-fold:

  1. Not having all strategic components articulated and strategically aligned
  2. Not allowing enough time to develop a strong GTM strategy that ladders up to your growth and business strategy

Whether you’re developing a go-to-market strategy internally or working with outside help, allow enough time to systematically and methodically go through the process of evaluating each of the components described above. Evaluate them with an open mindset. More likely than not, some of those components might need adjustments and tweaking. Each are critical individually and work even harder for you as a set. They are hard to get right. And it does take time. But when they are truly working together, you are really ready to develop a rock solid and winning GTM.

Emotive Brand is a San Francisco strategy and design agency.

For further ready, try: https://www.emotivebrand.com/demand-generation/

 

Need to Scale Fast? CEOs Can’t Just Focus On Engineering Benefits

Scale Fast to Beat The Competition

Why do so many engineering-led CEOs have a hard time scaling their company? I’d estimate more than 90% of our clients are engineers first and become CEOs later. An engineering background is of great value today – inspired ideas, technical abilities, and intense drive bring great products into the world.

Unfortunately, the problem is that many of these products fail to scale fast, and dreams of  becoming the next unicorn are quickly squashed. Sadly, when this happens, the world doesn’t derive the benefits of the product the team has worked so hard to bring to market.

In today’s fast-paced market, having a strategy to scale fast is a key to staying ahead of the competition. And trust me, there is lots of competition. I’ve seen a lot of situations where suddenly a competitor figures out how to both mimic the technology and to bring it to market in a way that scales fast. The first-at-the-gate CEO is left baffled – wondering what these usurpers did right in order to scale fast and win the market.

It Matters Where Your Promise is Rooted

The difference between failing and succeeding often comes down to the promise that surrounds the product. Traditionally, it was enough to root that promise in the engineering behind the products – focusing on the technical benefits and features. But now, more and more products are scaling fast and taking hold of the market by basing their promises outside the realm of engineering.

Why Promise More Than Good Engineering?

It is no doubt very hard to accept that, in today’s world, the most “obvious” story isn’t always the “right” story to tell. What may be obvious to an engineer leading a company, is rarely as obvious, relevant, and compelling to your audience.

As more and more successful brands are realizing, the best stories don’t revolve around the engineering “outputs” of your efforts but rather the personal, social, and environmental “outcomes” they produce.

Quite simply, the most compelling outcomes are those that touch the core human needs of everyone, and which incorporate whatever positive impact your brand has on the society, people, or even the environment.

Searching for Meaningful Outcomes

To develop an outcome-driven promise that really changes the way people think, feel, and act, you need to see your product through the lens of true and meaningful outcomes.

As such, you need to interrogate your product to uncover how it can make people feel more positive, more connected, accepted, capable, and competent. Accounting for all the positive, human contributions that flow from your product and brand, help shape emotional outcomes that act like magnets – drawing people into your brand, filling them with desire for your product, and ultimately, leading them down the path to purchase.

Outcome-Based Promises Help Products Scale Fast

Outcome-based promises have great power because they resonate deeply on an emotional level that lies well below the surface. By addressing basic human needs and desires, they register internally in very significant ways. While people may not readily talk about these transformative experiences, they nonetheless are influenced by them in ways that lead to new ways of perceiving your brand and acting in its interests.

Suddenly, There’s a New Light Shining on Your Engineering

People drawn to a brand through deep meaning develop an appetite for information that validates and supports their decision to embrace the brand. It’s part of human nature. Because of this, when people are emotionally connected to your brand, they are primed to appreciate your engineering story too.

They may well have turned away if you had started with your engineering-based promise of solely features and benefits, but now, they now stick by you as they recognize your features within the broader context of your meaningful product story.

Develop your brand story on truly meaningful outcomes to engineer success, scale faster, and grow smarter.

Emotive Brand is a startup brand strategy firm.