via Edward Boches Presentation on Making Digital Work
via Edward Boches Presentation on Making Digital Work
What does this mean for positioning? David A. Aaker defines Positioning as “…part of the brand identity and value proposition that is to be actively communicated to the target audience and that demonstrates an advantage over competing brands.”
Building strong brands is hard these days; price competition (directly affecting the motivation to build brands), proliferation of competitors reducing specifically the positioning options available, media fragmentation plus internal pressures such as organisational bias against innovation and pressures to invest elsewhere mean that there are growing challenges in ensuring your brand is preferred.
Well with new, vigorous competition coming from various sources and even those entering different categories through brand extension strategies (such as Weight Watchers food or Dove Shampoo), new product development (think Coke providing alternatives to carbonated drinks such as bottled water and juice) and innovation, there are fewer holes in the market to exploit. These competitors not only contribute to price pressures and brand complexity, but also make it harder for brands to hold their position.
Some interesting points are made about the idea of key benefit “As products become less distinctive, benefits are more likely to reside in the brand experience than in product performance or image characteristics. Differentiation now is as likely to lie in ‘our customer service rocks’, ‘we have great apps’ or ‘we support the same causes you do’ as in better, faster or cheaper.” While I doubt product differentiation is going to lose importance and by virtue of Moore’s Law statistically impossible as we continue to innovate and I like to think, co-create culture (doesn’t that sound wanky?!) – the brand needs to behave in a way that articulates what it stands for. As Carol argues; "new strategic tools are needed to helping a brand understand how to connect with customers at an individual, human level."
To me this is the brands vision/ambition, the brands “why” we connect with our customers, its noble purpose. Behaviourally this goes beyond a one-way message, it is the expectation that brands ‘walk the talk' and position themsleves in a place that connects with the customers not just by what they say, but also what they do.
via Edward Boches Presentation on Making Digital Work
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