SlideShare a Scribd company logo
1 of 21
Download to read offline
For a CMO, the world of mass marketing can feel like a lonely place.
Just take a look behind the doors of any C-suite and you’ll find
the chief marketing officer attempting to single-handedly uphold
unbounded expectations, cope with dwindling budgets and keep
up with an ever-changing marketplace filled with a dizzying array
of media options.
It’s no wonder chief marketing officer has become a title synonymous
with extremely high turnover. And it’s why every CMO needs a friend
to help navigate the constantly evolving obstacles that stand in the
way of marketing success.
FRienDevery CmO nEeds a
OBSTACLE #1: STAYING IN THE GAME
According to an article in the March 2nd, 2016, issue of The Wall
Street Journal, the average tenure of a chief marketing officer has
dropped to 44 months — the first drop in more than a decade. We
can thank factors such as retirements, a record year of mergers and
acquisitions and the elimination of duplicate roles for those higher
turnover rates. When you add in the decisions by CEOs and boards
to simply change marketing chiefs, you have CMOs working faster
and harder to ensure their success beyond the average tenure.
OBSTACLE #2: MANAGING MERGERS
Beyond their own longevity, CMOs are grappling with many difficult
and challenging branding issues on a daily basis. Mergers and
acquisitions pose a particular challenge, especially if brand
hierarchies, product naming conventions and brand standards are
poorly conceived and/or executed. What kind of brand equity does
the acquired brand retain and how long should any transitions take?
OBSTACLE #3: DEFENDING YOUR REPUTATION
Another trial facing CMOs is managing the reputation of their brands
and company. On a regular basis CMOs are not only facing mergers
and acquisitions, but also a host of other potential crises that could
impact their brand and their own tenure at the company. How many
times have we seen a major product recall, labor issue or poor
behavior by someone in a company lead to a major shakeup?
“Bad news travels fast” is an understatement in today’s digital world.
Our internet-driven society spreads information — especially the
negative or controversial — at near instantaneous speeds 24/7/365.
With risks like this, protecting your brand’s reputation becomes
demanding, complex and critical.
+21%
-15%
Amount a company’s value increased in the year
after a reputational incident that was handled
with prompt disclosure, transparency, honesty,
and the company taking responsibility for its
actions and changing its behavior*
Average drop in a company’s value the year
following a reputational incident where it was
slow, failed to communicate, issued inadequate
responses, refused to take responsibility or
attempted to shift blame*
*Oxford Metrica 2011 Reputation Review
OBSTACLE #4: REALITY CHECKS
It’s a whole new world out there. And the digital realities of
search engines, content marketing, social media, programmatic
media, responsive design, etc. are enough to baffle even the most
tech-savvy brand managers. It’s enough to leave any CMO guessing
about their impact on brand building and driving business success.
OBSTACLE #5: KNOWING YOUR PLACE
CMOs regularly struggle with brand hierarchies and product naming
conventions. Are you a “house of brands,” a “branded house,” or
some type of hybrid? How do you assess the brand equity? Do your
product names seem completely random and confuse all but the
most knowledgeable of your customers? If you’re asking yourself
these questions, you’re not alone.
Since CMOs have very little time to impact their brands
and are facing a host of difficult challenges, how do they
effectively develop a brand strategy and evaluation
criteria to propel them forward?
Think about it. Friends care about the things you care about. They
say the right things at the right time. And, above all else, friends
always deliver on their promises. By focusing marketing on three
pillars of friendship — affection, relevance, and trust — we help
brands develop that same kind of special relationship with their
audiences, be they shoppers, influencers or clients.
trust
relevance
FrienDship
affection
CARING | LISTENING | SURPRISE
When you gain affection for a friend it’s because there’s something
about them that you like. Maybe it’s their passion for helping you
or others in need. Maybe it’s their uncanny knack for listening and
reacting accordingly. Or maybe it’s the way they always manage to
surprise you with something fun, exciting or entertaining.
Brands that know how to build this kind of appeal connect with
people on a deeper level. They’re the brands that people spend
time with, advocate for, and stay loyal to.
affection
STORY | STYLE | CONNECTING
Some friends are bold and adventurous. Others are warm and
compassionate. And some are fun and quirky — the kind that
always make us smile. Every friend has a distinct personality,
a story to tell, a unique way of telling it, and a style that we
appreciate or relate to in some way. It’s why we’re attracted
to some people more than others.
The same holds true for brands. There are some brands that
people feel a connection with, and many more that just don’t
click. The brands that people feel most attracted to are those
that complement their lifestyle — and their compatibility is clear.
As a result, they’re magnetically drawn to each other. Brands that
build upon this “magnetism” will enjoy a deeper relationship with
their targets while distancing themselves from other brands in
their category.
relevance
HONESTY | ADVISING | LOYALTY
Friends are never fake or deceptive. They’re authentic and real.
They admit when they make a mistake, and as a result, we forgive
them. When they give us advice, we trust their judgment. Simply
put, friends always have our best interests at heart. That’s why
we’re loyal to them and they’re loyal to us.
People look to brands the same way. When your brand proves
you can guide customers to the most thoughtful and intelligent
choices, you become a thought leader — someone they can truly
trust. And in a world where 70% of people are more likely to listen
to the opinions of a stranger online than believe what a brand has
to say, trust is everything.*
trust
*EMA Proprietary Consumer Survey, June 2013
University of Buffalo Professor Dr. Charles Lindsey’s white paper
on the Brand as Friend Model studies the importance of brand
friendship in the marketplace and the proven behavioral scientific
drivers of friendship. He also explores the nature and conditions of
friendship, including mutual caring, intimacy and shared activity.
According to Lindsey, “A necessary condition of friendship is
that friends care about each other. Friends must be moved by
what happens to their friends and feel the appropriate emotions.
Moreover, in part as an expression of their caring for each other,
friends normally are disposed to promote the other’s good.”
He goes on to add, “Entering into and sustaining a friendship
normally involves considerable trust in your friend’s goodwill
towards you, and not just concerning your secrets.” Friends also
engage in shared activity and pursuits, which is in part motivated by
the friendship itself. Lindsey provides more evidence that in addition
to caring, intimacy and shared activity, trust, honesty, advising,
loyalty, listening, surprise, storytelling, style, and connecting are
all important factors in creating and maintaining a friendship.
bRand AsFrienD®
BUT HOW DOES THIS HELP ME WITH MY BRANDING CHALLENGES?
Based on this research, we believe that whether you’re a B2B or B2C
brand, it pays to be a friend. And it all boils down to nine key drivers of
friendship that build affection, relevance and trust.
Would you consider your brand a “good friend” or merely an
“acquaintance”? Do customers trust your brand, but don’t see you as an
advisor? Do you have a story to tell, but customers don’t know it? What
kind of friend do you want to be to your audience?
Brand as Friend will help you understand how your brand currently
resonates and provide a path forward to create an effective, motivating
and differentiated brand position, as well as an integrated marketing
plan to activate it and well-informed creative to bring it to life.
bRand AsFrienD® 3 steps to create
successful
friendships
THE BRAND AS FRIEND WORKSHOP
A two- to three-hour session where we’ll explore your brand on each of the
nine drivers of friendship. We find that it works best when we include people
from marketing, sales, customer service and other disciplines who all have
a stake in successfully creating friendships with customers. This allows us to
gather important details about how the brand delivers on each driver today
and brainstorm ideas to improve performance for the future.
THE BRAND AS FRIEND SELF-ASSESSMENT
Next, we ask Brand as Friend Workshop participants to take a quick,
20-question online survey. Each question asks them to consider how they
themselves view and value the brand experience. Scores are calculated
for each driver, indicating how well our clients think they perform, as well
as providing an overall Friendship Score that paints a picture of how our
clients think their brand stacks up.
THE BRAND AS FRIEND INDEX
Next, we look at how customers themselves feel about our client’s brand. Using
the same key questions, we ask customers to rate the client and two of its top
competitors. The Brand as Friend Index compares brands side by side with a
simple, color-coded graph that shows us precisely how all brands performed
against the drivers of friendship. We use this to show our clients their points of
differentiation, both where they are the strongest and where they must improve.
Relevance Trust
Our Client:
Competitor 1:
Competitor 2:
Relevance Trust
Our Client:
Competitor 1:
Competitor 2:
Relevance Trust
Our Client:
Competitor 1:
Competitor 2:
Relevance Trust
Our Client:
Competitor 1:
Competitor 2:
The chart below illustrates that we’re a better friend
because we significantly outpace competitors on Affection,
Relevance and Trust. Honesty and Caring are areas that
we can improve to extend our advantage.
We need to heighten emphasis on
Story, the only driver where we lag
behind a competitor.
By exploring new avenues that provide
heightened transparency, we can deepen
the driver of Honesty.
MAKE IT HAPPEN
The ideal Brand as Friend score should reflect a balance of affection, relevance and trust. Once we see how your customers
perceive your brand relative to its competition, we can create a brand road map and recommend the most effective strategies
to create stronger, longer-lasting bonds in the key areas that customers value the most.
With all the challenges facing CMOs, from a historically short tenure to reputation management, a thoughtful and concise
approach to branding and planning is key. Brand as Friend provides the necessary inputs to objectively look at a brand and
provide a differentiating lens and compass.
To see how your brand measures up, take the
online Brand as Friend self-assessment, and
share it with your colleagues. Once the results
are in, we’ll send you a customized report
and contact you to discuss the findings and
implications for your brand.
TAKE ASSESSMENT NOW
Looking to make friends? Contact:
John Leibrick
jleibrick@mower.com
315.413.4260
mower.com
© 2017 Eric Mower + Associates. All rights reserved.
Brand as Friend is a registered trademark of EMA, and its methodologies are proprietary information.

More Related Content

What's hot

Branding is bonding
Branding is bonding Branding is bonding
Branding is bonding IKeizer
 
2017 Marketing & Brand Awareness Presentation
2017 Marketing & Brand Awareness Presentation2017 Marketing & Brand Awareness Presentation
2017 Marketing & Brand Awareness PresentationLCpublicrelations
 
Redefining Brand Loyalty: The Emotional and Behavioral Aspects of Loyalty
Redefining Brand Loyalty: The Emotional and Behavioral Aspects of LoyaltyRedefining Brand Loyalty: The Emotional and Behavioral Aspects of Loyalty
Redefining Brand Loyalty: The Emotional and Behavioral Aspects of LoyaltySyntegrate Consulting
 
50 Marketing Thought-Leaders Over 50
50 Marketing Thought-Leaders Over 5050 Marketing Thought-Leaders Over 50
50 Marketing Thought-Leaders Over 50Alan See
 
Marketing to women
Marketing to womenMarketing to women
Marketing to womenshiva lal
 
Managing Your Brand in Crisis: A Response to COVID-19
Managing Your Brand in Crisis: A Response to COVID-19Managing Your Brand in Crisis: A Response to COVID-19
Managing Your Brand in Crisis: A Response to COVID-19Emily Branson
 
Canadian Mom Bloggers Report
Canadian Mom Bloggers ReportCanadian Mom Bloggers Report
Canadian Mom Bloggers ReportCora Brady
 
The Art of Social Selling with Sales Navigator
The Art of Social Selling with Sales Navigator The Art of Social Selling with Sales Navigator
The Art of Social Selling with Sales Navigator Juan Camilo Chaves Zuluaga
 
Taking Your Social Media to the Next Level
Taking Your Social Media to the Next Level    Taking Your Social Media to the Next Level
Taking Your Social Media to the Next Level Brad Attig
 
Eworks WSI Cyprus: Online reputation Mangement
Eworks WSI Cyprus: Online reputation MangementEworks WSI Cyprus: Online reputation Mangement
Eworks WSI Cyprus: Online reputation MangementEworksWSI Cyprus
 
DaveWakeman_SEAT_SP15
DaveWakeman_SEAT_SP15DaveWakeman_SEAT_SP15
DaveWakeman_SEAT_SP15Dave Wakeman
 
linkedin-the-art-of-social-selling-with-sales-navigator whitepaper
linkedin-the-art-of-social-selling-with-sales-navigator whitepaperlinkedin-the-art-of-social-selling-with-sales-navigator whitepaper
linkedin-the-art-of-social-selling-with-sales-navigator whitepaperCraig Canton
 
Is The Way We've Been Doing Marketing And Sales Broken?
Is The Way We've Been Doing Marketing And Sales Broken?Is The Way We've Been Doing Marketing And Sales Broken?
Is The Way We've Been Doing Marketing And Sales Broken?Drift
 
Shoestring Marketing -- CHPRMS
Shoestring Marketing -- CHPRMSShoestring Marketing -- CHPRMS
Shoestring Marketing -- CHPRMSChris Houchens
 
SALESmanago: Engagement Marketing
SALESmanago: Engagement MarketingSALESmanago: Engagement Marketing
SALESmanago: Engagement Marketingsalesmanago
 
Social annex customerretentionin2017_redesign
Social annex customerretentionin2017_redesignSocial annex customerretentionin2017_redesign
Social annex customerretentionin2017_redesignSusan Tian
 

What's hot (20)

2030 b2b trends
2030 b2b trends2030 b2b trends
2030 b2b trends
 
Branding is bonding
Branding is bonding Branding is bonding
Branding is bonding
 
2017 Marketing & Brand Awareness Presentation
2017 Marketing & Brand Awareness Presentation2017 Marketing & Brand Awareness Presentation
2017 Marketing & Brand Awareness Presentation
 
Redefining Brand Loyalty: The Emotional and Behavioral Aspects of Loyalty
Redefining Brand Loyalty: The Emotional and Behavioral Aspects of LoyaltyRedefining Brand Loyalty: The Emotional and Behavioral Aspects of Loyalty
Redefining Brand Loyalty: The Emotional and Behavioral Aspects of Loyalty
 
50 Marketing Thought-Leaders Over 50
50 Marketing Thought-Leaders Over 5050 Marketing Thought-Leaders Over 50
50 Marketing Thought-Leaders Over 50
 
Marketing to women
Marketing to womenMarketing to women
Marketing to women
 
Managing Your Brand in Crisis: A Response to COVID-19
Managing Your Brand in Crisis: A Response to COVID-19Managing Your Brand in Crisis: A Response to COVID-19
Managing Your Brand in Crisis: A Response to COVID-19
 
Canadian Mom Bloggers Report
Canadian Mom Bloggers ReportCanadian Mom Bloggers Report
Canadian Mom Bloggers Report
 
Building A Modern Brand
Building A Modern BrandBuilding A Modern Brand
Building A Modern Brand
 
The Art of Social Selling with Sales Navigator
The Art of Social Selling with Sales Navigator The Art of Social Selling with Sales Navigator
The Art of Social Selling with Sales Navigator
 
95 Theses
95 Theses95 Theses
95 Theses
 
Taking Your Social Media to the Next Level
Taking Your Social Media to the Next Level    Taking Your Social Media to the Next Level
Taking Your Social Media to the Next Level
 
Eworks WSI Cyprus: Online reputation Mangement
Eworks WSI Cyprus: Online reputation MangementEworks WSI Cyprus: Online reputation Mangement
Eworks WSI Cyprus: Online reputation Mangement
 
DaveWakeman_SEAT_SP15
DaveWakeman_SEAT_SP15DaveWakeman_SEAT_SP15
DaveWakeman_SEAT_SP15
 
Branding
BrandingBranding
Branding
 
linkedin-the-art-of-social-selling-with-sales-navigator whitepaper
linkedin-the-art-of-social-selling-with-sales-navigator whitepaperlinkedin-the-art-of-social-selling-with-sales-navigator whitepaper
linkedin-the-art-of-social-selling-with-sales-navigator whitepaper
 
Is The Way We've Been Doing Marketing And Sales Broken?
Is The Way We've Been Doing Marketing And Sales Broken?Is The Way We've Been Doing Marketing And Sales Broken?
Is The Way We've Been Doing Marketing And Sales Broken?
 
Shoestring Marketing -- CHPRMS
Shoestring Marketing -- CHPRMSShoestring Marketing -- CHPRMS
Shoestring Marketing -- CHPRMS
 
SALESmanago: Engagement Marketing
SALESmanago: Engagement MarketingSALESmanago: Engagement Marketing
SALESmanago: Engagement Marketing
 
Social annex customerretentionin2017_redesign
Social annex customerretentionin2017_redesignSocial annex customerretentionin2017_redesign
Social annex customerretentionin2017_redesign
 

Similar to The Friend's Guide to Branding

Social Selling: Thought Provoking Insights That Go Beyond the Latest Trends
Social Selling: Thought Provoking Insights That Go Beyond the Latest TrendsSocial Selling: Thought Provoking Insights That Go Beyond the Latest Trends
Social Selling: Thought Provoking Insights That Go Beyond the Latest TrendsGretchen Lehman
 
Advokate's Branding Presentation 2014
Advokate's Branding Presentation 2014Advokate's Branding Presentation 2014
Advokate's Branding Presentation 2014Kate Austin-Avon
 
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling ExpertsLinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling ExpertsChris Heffer
 
Brand Love report 2022.pdf
Brand Love report 2022.pdfBrand Love report 2022.pdf
Brand Love report 2022.pdfMarketingTrips
 
Branding presentation 2014 for LocalFest
Branding presentation 2014 for LocalFestBranding presentation 2014 for LocalFest
Branding presentation 2014 for LocalFestKate Austin-Avon
 
6 Tips For Using Social Media To Boost Sales
6 Tips For Using Social Media To Boost Sales6 Tips For Using Social Media To Boost Sales
6 Tips For Using Social Media To Boost SalesSocialCoffeeBreak
 
The brand loyalty advantage
The brand loyalty advantageThe brand loyalty advantage
The brand loyalty advantageDemand Metric
 
Social Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought LeadersSocial Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought LeadersJill Sida
 
Week 14: Relationship Marketing
Week 14: Relationship MarketingWeek 14: Relationship Marketing
Week 14: Relationship Marketinglisahaggis
 
Marketing Makeover For Nonprofits
Marketing Makeover For NonprofitsMarketing Makeover For Nonprofits
Marketing Makeover For NonprofitsAmanda Sutt
 
Build Your Brand and Your Business 10 05-10
Build Your Brand and Your Business 10 05-10Build Your Brand and Your Business 10 05-10
Build Your Brand and Your Business 10 05-10KeySplash Creative, Inc.
 
Advokate, LLC, Branding Presentation 2015
Advokate, LLC, Branding Presentation 2015Advokate, LLC, Branding Presentation 2015
Advokate, LLC, Branding Presentation 2015Kate Austin-Avon
 
How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...Varun Mittal
 
Influencing the influencer (1)
Influencing the influencer (1)Influencing the influencer (1)
Influencing the influencer (1)Moises Cielak
 
Value of a Brand
Value of a BrandValue of a Brand
Value of a BrandCynthia M.
 
Most trusted brand 2010 lecture.docx
Most trusted brand  2010 lecture.docxMost trusted brand  2010 lecture.docx
Most trusted brand 2010 lecture.docxEmman Udowoima
 
Marketing for Small Business
Marketing for Small BusinessMarketing for Small Business
Marketing for Small BusinessTwoCents Group
 
Customer Satisfaction Guaranteed
Customer Satisfaction GuaranteedCustomer Satisfaction Guaranteed
Customer Satisfaction GuaranteedLisa Muller
 

Similar to The Friend's Guide to Branding (20)

Social Selling: Thought Provoking Insights That Go Beyond the Latest Trends
Social Selling: Thought Provoking Insights That Go Beyond the Latest TrendsSocial Selling: Thought Provoking Insights That Go Beyond the Latest Trends
Social Selling: Thought Provoking Insights That Go Beyond the Latest Trends
 
Advokate's Branding Presentation 2014
Advokate's Branding Presentation 2014Advokate's Branding Presentation 2014
Advokate's Branding Presentation 2014
 
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling ExpertsLinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
LinkedIN Guide to Social Selling Success - Tips from 33 Social Selling Experts
 
Brand Love report 2022.pdf
Brand Love report 2022.pdfBrand Love report 2022.pdf
Brand Love report 2022.pdf
 
Branding presentation 2014 for LocalFest
Branding presentation 2014 for LocalFestBranding presentation 2014 for LocalFest
Branding presentation 2014 for LocalFest
 
6 Tips For Using Social Media To Boost Sales
6 Tips For Using Social Media To Boost Sales6 Tips For Using Social Media To Boost Sales
6 Tips For Using Social Media To Boost Sales
 
The brand loyalty advantage
The brand loyalty advantageThe brand loyalty advantage
The brand loyalty advantage
 
Social Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought LeadersSocial Selling tips by Top Social Selling Thought Leaders
Social Selling tips by Top Social Selling Thought Leaders
 
Week 14: Relationship Marketing
Week 14: Relationship MarketingWeek 14: Relationship Marketing
Week 14: Relationship Marketing
 
Marketing Makeover For Nonprofits
Marketing Makeover For NonprofitsMarketing Makeover For Nonprofits
Marketing Makeover For Nonprofits
 
New brand management techniques 1st part
New brand management techniques   1st partNew brand management techniques   1st part
New brand management techniques 1st part
 
Build Your Brand and Your Business 10 05-10
Build Your Brand and Your Business 10 05-10Build Your Brand and Your Business 10 05-10
Build Your Brand and Your Business 10 05-10
 
Advokate, LLC, Branding Presentation 2015
Advokate, LLC, Branding Presentation 2015Advokate, LLC, Branding Presentation 2015
Advokate, LLC, Branding Presentation 2015
 
Build Your Brand and Build Your Business
Build Your Brand and Build Your BusinessBuild Your Brand and Build Your Business
Build Your Brand and Build Your Business
 
How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...How content bridges the divide between sales and marketing by creating a unif...
How content bridges the divide between sales and marketing by creating a unif...
 
Influencing the influencer (1)
Influencing the influencer (1)Influencing the influencer (1)
Influencing the influencer (1)
 
Value of a Brand
Value of a BrandValue of a Brand
Value of a Brand
 
Most trusted brand 2010 lecture.docx
Most trusted brand  2010 lecture.docxMost trusted brand  2010 lecture.docx
Most trusted brand 2010 lecture.docx
 
Marketing for Small Business
Marketing for Small BusinessMarketing for Small Business
Marketing for Small Business
 
Customer Satisfaction Guaranteed
Customer Satisfaction GuaranteedCustomer Satisfaction Guaranteed
Customer Satisfaction Guaranteed
 

More from Eric Mower + Associates

More from Eric Mower + Associates (6)

Diversity and Inclusion in Analytics
Diversity and Inclusion in AnalyticsDiversity and Inclusion in Analytics
Diversity and Inclusion in Analytics
 
Account-based marketing: Engaging high-potential B2B prospects
Account-based marketing: Engaging high-potential B2B prospectsAccount-based marketing: Engaging high-potential B2B prospects
Account-based marketing: Engaging high-potential B2B prospects
 
Navigating the Social Web
Navigating the Social WebNavigating the Social Web
Navigating the Social Web
 
Driving Social Media PR
Driving Social Media PRDriving Social Media PR
Driving Social Media PR
 
Entrepalooza
EntrepaloozaEntrepalooza
Entrepalooza
 
Syracuse Small Business Public
Syracuse Small Business PublicSyracuse Small Business Public
Syracuse Small Business Public
 

Recently uploaded

Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...Associazione Digital Days
 
Navigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for SuccessNavigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for SuccessElizabeth Moore
 
Professional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptxProfessional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptxSahil Srivastava
 
AMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo EvangelistaAMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo Evangelistacrevangelista
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar CManojkumar C
 
Digital Marketing complete introduction.
Digital Marketing complete introduction.Digital Marketing complete introduction.
Digital Marketing complete introduction.Kashish Bindra
 
How To Become a Master In Search Engine Optimization (SEO)
How To Become a Master In Search Engine Optimization (SEO)How To Become a Master In Search Engine Optimization (SEO)
How To Become a Master In Search Engine Optimization (SEO)Blessings Ngalande
 
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckDave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckOban International
 
Content Marketing: How To Find The True Value Of Your Marketing Funnel
Content Marketing: How To Find The True Value Of Your Marketing FunnelContent Marketing: How To Find The True Value Of Your Marketing Funnel
Content Marketing: How To Find The True Value Of Your Marketing FunnelSearch Engine Journal
 
Ryanair Marketing and business development Plan
Ryanair Marketing and business development  PlanRyanair Marketing and business development  Plan
Ryanair Marketing and business development Plandrkarimsaber
 
Agencia Marketing Branding Measurement Certification Google Ads Abril 2024
Agencia Marketing Branding Measurement Certification Google Ads Abril 2024Agencia Marketing Branding Measurement Certification Google Ads Abril 2024
Agencia Marketing Branding Measurement Certification Google Ads Abril 2024Marketing BRANDING
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...VereigenMedia1
 
Llanai Buyer Persona & Segmentation Strategy
Llanai Buyer Persona & Segmentation StrategyLlanai Buyer Persona & Segmentation Strategy
Llanai Buyer Persona & Segmentation StrategyMarianna Nakou
 
Unlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingUnlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingDaniel
 
History of JWT by The Knowledge Center.pdf
History of JWT by The Knowledge Center.pdfHistory of JWT by The Knowledge Center.pdf
History of JWT by The Knowledge Center.pdfwilliam charnock
 
The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...sowmyrao14
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigiKarishma
 
Bamboo Charcoal Toothpaste By Phyto Atomy For More Details Message On WhatsA...
Bamboo Charcoal Toothpaste By Phyto Atomy  For More Details Message On WhatsA...Bamboo Charcoal Toothpaste By Phyto Atomy  For More Details Message On WhatsA...
Bamboo Charcoal Toothpaste By Phyto Atomy For More Details Message On WhatsA...shrutimishraqt
 
Digital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet MarketingDigital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet MarketingShauryaBadaya
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainBanyanbrain
 

Recently uploaded (20)

Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
Richard van der Velde, Technical Support Lead for Cookiebot @CMP – “Artificia...
 
Navigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for SuccessNavigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for Success
 
Professional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptxProfessional Sales Representative by Sahil Srivastava.pptx
Professional Sales Representative by Sahil Srivastava.pptx
 
AMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo EvangelistaAMAZON Copywriting Portfolio by Cielo Evangelista
AMAZON Copywriting Portfolio by Cielo Evangelista
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar C
 
Digital Marketing complete introduction.
Digital Marketing complete introduction.Digital Marketing complete introduction.
Digital Marketing complete introduction.
 
How To Become a Master In Search Engine Optimization (SEO)
How To Become a Master In Search Engine Optimization (SEO)How To Become a Master In Search Engine Optimization (SEO)
How To Become a Master In Search Engine Optimization (SEO)
 
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckDave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
 
Content Marketing: How To Find The True Value Of Your Marketing Funnel
Content Marketing: How To Find The True Value Of Your Marketing FunnelContent Marketing: How To Find The True Value Of Your Marketing Funnel
Content Marketing: How To Find The True Value Of Your Marketing Funnel
 
Ryanair Marketing and business development Plan
Ryanair Marketing and business development  PlanRyanair Marketing and business development  Plan
Ryanair Marketing and business development Plan
 
Agencia Marketing Branding Measurement Certification Google Ads Abril 2024
Agencia Marketing Branding Measurement Certification Google Ads Abril 2024Agencia Marketing Branding Measurement Certification Google Ads Abril 2024
Agencia Marketing Branding Measurement Certification Google Ads Abril 2024
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...
 
Llanai Buyer Persona & Segmentation Strategy
Llanai Buyer Persona & Segmentation StrategyLlanai Buyer Persona & Segmentation Strategy
Llanai Buyer Persona & Segmentation Strategy
 
Unlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingUnlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate Marketing
 
History of JWT by The Knowledge Center.pdf
History of JWT by The Knowledge Center.pdfHistory of JWT by The Knowledge Center.pdf
History of JWT by The Knowledge Center.pdf
 
The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G Age
 
Bamboo Charcoal Toothpaste By Phyto Atomy For More Details Message On WhatsA...
Bamboo Charcoal Toothpaste By Phyto Atomy  For More Details Message On WhatsA...Bamboo Charcoal Toothpaste By Phyto Atomy  For More Details Message On WhatsA...
Bamboo Charcoal Toothpaste By Phyto Atomy For More Details Message On WhatsA...
 
Digital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet MarketingDigital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet Marketing
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | Banyanbrain
 

The Friend's Guide to Branding

  • 1.
  • 2. For a CMO, the world of mass marketing can feel like a lonely place. Just take a look behind the doors of any C-suite and you’ll find the chief marketing officer attempting to single-handedly uphold unbounded expectations, cope with dwindling budgets and keep up with an ever-changing marketplace filled with a dizzying array of media options. It’s no wonder chief marketing officer has become a title synonymous with extremely high turnover. And it’s why every CMO needs a friend to help navigate the constantly evolving obstacles that stand in the way of marketing success. FRienDevery CmO nEeds a
  • 3. OBSTACLE #1: STAYING IN THE GAME According to an article in the March 2nd, 2016, issue of The Wall Street Journal, the average tenure of a chief marketing officer has dropped to 44 months — the first drop in more than a decade. We can thank factors such as retirements, a record year of mergers and acquisitions and the elimination of duplicate roles for those higher turnover rates. When you add in the decisions by CEOs and boards to simply change marketing chiefs, you have CMOs working faster and harder to ensure their success beyond the average tenure.
  • 4. OBSTACLE #2: MANAGING MERGERS Beyond their own longevity, CMOs are grappling with many difficult and challenging branding issues on a daily basis. Mergers and acquisitions pose a particular challenge, especially if brand hierarchies, product naming conventions and brand standards are poorly conceived and/or executed. What kind of brand equity does the acquired brand retain and how long should any transitions take?
  • 5. OBSTACLE #3: DEFENDING YOUR REPUTATION Another trial facing CMOs is managing the reputation of their brands and company. On a regular basis CMOs are not only facing mergers and acquisitions, but also a host of other potential crises that could impact their brand and their own tenure at the company. How many times have we seen a major product recall, labor issue or poor behavior by someone in a company lead to a major shakeup? “Bad news travels fast” is an understatement in today’s digital world. Our internet-driven society spreads information — especially the negative or controversial — at near instantaneous speeds 24/7/365. With risks like this, protecting your brand’s reputation becomes demanding, complex and critical. +21% -15% Amount a company’s value increased in the year after a reputational incident that was handled with prompt disclosure, transparency, honesty, and the company taking responsibility for its actions and changing its behavior* Average drop in a company’s value the year following a reputational incident where it was slow, failed to communicate, issued inadequate responses, refused to take responsibility or attempted to shift blame* *Oxford Metrica 2011 Reputation Review
  • 6. OBSTACLE #4: REALITY CHECKS It’s a whole new world out there. And the digital realities of search engines, content marketing, social media, programmatic media, responsive design, etc. are enough to baffle even the most tech-savvy brand managers. It’s enough to leave any CMO guessing about their impact on brand building and driving business success.
  • 7. OBSTACLE #5: KNOWING YOUR PLACE CMOs regularly struggle with brand hierarchies and product naming conventions. Are you a “house of brands,” a “branded house,” or some type of hybrid? How do you assess the brand equity? Do your product names seem completely random and confuse all but the most knowledgeable of your customers? If you’re asking yourself these questions, you’re not alone. Since CMOs have very little time to impact their brands and are facing a host of difficult challenges, how do they effectively develop a brand strategy and evaluation criteria to propel them forward?
  • 8. Think about it. Friends care about the things you care about. They say the right things at the right time. And, above all else, friends always deliver on their promises. By focusing marketing on three pillars of friendship — affection, relevance, and trust — we help brands develop that same kind of special relationship with their audiences, be they shoppers, influencers or clients. trust relevance FrienDship affection
  • 9. CARING | LISTENING | SURPRISE When you gain affection for a friend it’s because there’s something about them that you like. Maybe it’s their passion for helping you or others in need. Maybe it’s their uncanny knack for listening and reacting accordingly. Or maybe it’s the way they always manage to surprise you with something fun, exciting or entertaining. Brands that know how to build this kind of appeal connect with people on a deeper level. They’re the brands that people spend time with, advocate for, and stay loyal to. affection
  • 10. STORY | STYLE | CONNECTING Some friends are bold and adventurous. Others are warm and compassionate. And some are fun and quirky — the kind that always make us smile. Every friend has a distinct personality, a story to tell, a unique way of telling it, and a style that we appreciate or relate to in some way. It’s why we’re attracted to some people more than others. The same holds true for brands. There are some brands that people feel a connection with, and many more that just don’t click. The brands that people feel most attracted to are those that complement their lifestyle — and their compatibility is clear. As a result, they’re magnetically drawn to each other. Brands that build upon this “magnetism” will enjoy a deeper relationship with their targets while distancing themselves from other brands in their category. relevance
  • 11. HONESTY | ADVISING | LOYALTY Friends are never fake or deceptive. They’re authentic and real. They admit when they make a mistake, and as a result, we forgive them. When they give us advice, we trust their judgment. Simply put, friends always have our best interests at heart. That’s why we’re loyal to them and they’re loyal to us. People look to brands the same way. When your brand proves you can guide customers to the most thoughtful and intelligent choices, you become a thought leader — someone they can truly trust. And in a world where 70% of people are more likely to listen to the opinions of a stranger online than believe what a brand has to say, trust is everything.* trust *EMA Proprietary Consumer Survey, June 2013
  • 12. University of Buffalo Professor Dr. Charles Lindsey’s white paper on the Brand as Friend Model studies the importance of brand friendship in the marketplace and the proven behavioral scientific drivers of friendship. He also explores the nature and conditions of friendship, including mutual caring, intimacy and shared activity. According to Lindsey, “A necessary condition of friendship is that friends care about each other. Friends must be moved by what happens to their friends and feel the appropriate emotions. Moreover, in part as an expression of their caring for each other, friends normally are disposed to promote the other’s good.” He goes on to add, “Entering into and sustaining a friendship normally involves considerable trust in your friend’s goodwill towards you, and not just concerning your secrets.” Friends also engage in shared activity and pursuits, which is in part motivated by the friendship itself. Lindsey provides more evidence that in addition to caring, intimacy and shared activity, trust, honesty, advising, loyalty, listening, surprise, storytelling, style, and connecting are all important factors in creating and maintaining a friendship. bRand AsFrienD®
  • 13. BUT HOW DOES THIS HELP ME WITH MY BRANDING CHALLENGES? Based on this research, we believe that whether you’re a B2B or B2C brand, it pays to be a friend. And it all boils down to nine key drivers of friendship that build affection, relevance and trust. Would you consider your brand a “good friend” or merely an “acquaintance”? Do customers trust your brand, but don’t see you as an advisor? Do you have a story to tell, but customers don’t know it? What kind of friend do you want to be to your audience? Brand as Friend will help you understand how your brand currently resonates and provide a path forward to create an effective, motivating and differentiated brand position, as well as an integrated marketing plan to activate it and well-informed creative to bring it to life.
  • 14. bRand AsFrienD® 3 steps to create successful friendships
  • 15. THE BRAND AS FRIEND WORKSHOP A two- to three-hour session where we’ll explore your brand on each of the nine drivers of friendship. We find that it works best when we include people from marketing, sales, customer service and other disciplines who all have a stake in successfully creating friendships with customers. This allows us to gather important details about how the brand delivers on each driver today and brainstorm ideas to improve performance for the future.
  • 16. THE BRAND AS FRIEND SELF-ASSESSMENT Next, we ask Brand as Friend Workshop participants to take a quick, 20-question online survey. Each question asks them to consider how they themselves view and value the brand experience. Scores are calculated for each driver, indicating how well our clients think they perform, as well as providing an overall Friendship Score that paints a picture of how our clients think their brand stacks up.
  • 17. THE BRAND AS FRIEND INDEX Next, we look at how customers themselves feel about our client’s brand. Using the same key questions, we ask customers to rate the client and two of its top competitors. The Brand as Friend Index compares brands side by side with a simple, color-coded graph that shows us precisely how all brands performed against the drivers of friendship. We use this to show our clients their points of differentiation, both where they are the strongest and where they must improve.
  • 18. Relevance Trust Our Client: Competitor 1: Competitor 2: Relevance Trust Our Client: Competitor 1: Competitor 2: Relevance Trust Our Client: Competitor 1: Competitor 2: Relevance Trust Our Client: Competitor 1: Competitor 2: The chart below illustrates that we’re a better friend because we significantly outpace competitors on Affection, Relevance and Trust. Honesty and Caring are areas that we can improve to extend our advantage. We need to heighten emphasis on Story, the only driver where we lag behind a competitor. By exploring new avenues that provide heightened transparency, we can deepen the driver of Honesty.
  • 19. MAKE IT HAPPEN The ideal Brand as Friend score should reflect a balance of affection, relevance and trust. Once we see how your customers perceive your brand relative to its competition, we can create a brand road map and recommend the most effective strategies to create stronger, longer-lasting bonds in the key areas that customers value the most. With all the challenges facing CMOs, from a historically short tenure to reputation management, a thoughtful and concise approach to branding and planning is key. Brand as Friend provides the necessary inputs to objectively look at a brand and provide a differentiating lens and compass.
  • 20. To see how your brand measures up, take the online Brand as Friend self-assessment, and share it with your colleagues. Once the results are in, we’ll send you a customized report and contact you to discuss the findings and implications for your brand. TAKE ASSESSMENT NOW
  • 21. Looking to make friends? Contact: John Leibrick jleibrick@mower.com 315.413.4260 mower.com © 2017 Eric Mower + Associates. All rights reserved. Brand as Friend is a registered trademark of EMA, and its methodologies are proprietary information.