A
N ARTICLE ENTITLED
Bank On TheBrand (Interbrand Business Paper No.1),
and published on
www.brandchannel.com
,inspired me to consider developing a blueprint of my own.The article investigated branding within the finan-cial services sector. It asked 24 financial institutionsaround the world how their principal customer brand was used and managed, both externally andinternally, and revealed four specific stages of organ-isational brand development:
Stage 1 - Visual Identification
Where the brand is predominantly a naming deviceand has no clearly defined personality or relation-ship with stakeholders, especially employees.
Stage 2 - New Subsidiary Development
Where a sub-brand has been created which embod-ies the service promise, giving employees values andclues about how to behave towards customers.
The Four Stages of Brands in FinancialServices, Interbrand (2001)
Taking matters into my own hands
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Stage 3 - Catalyst for Corporate Change
Where the company has identified a need toimprove, using brand strategically as an emblem of its vision and values. During this transitional stageof brand development, driven by a cross-functional team, the brand is used to motivate staff, raisestandards of customer service and communicate with customers.
Stage 4 - Centrepiece of Corporate Strategy
Where the corporate brand is at the centre of business strategy. Typically, the CEO and senior management have agreed the brand strategy andpositioning in parallel with the business vision so thebrand is the embodiment of the company visionand direction.These findings confirmed to me that similaritiesdid exist between organisations when it came tobranding, and so a singular approach, or blueprint,could be possible.
HighLowHigh
Role of brandwithinbusinessstrategyValue of brand to business
Stage 1VisualIdentificationStage 2New SubsidiaryDevelopmentStage 3Catalyst forCorporate ChangeStage 4Centrepiece of Corporate Strategy
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