After 20 years working as a brand strategist, Iâve seen and heard a lot of confusion about brand strategy. Â
While itâs the most desired skill CMOs are looking for this year, not many people are offering it, because it appears to be so complicated.Â
But brand strategy is a really powerful business tool when understood properly. Â
So hereâs the four biggest myths about brand strategy that add to all this confusion, and what you really need to know instead, to help you understand how it can elevate your business.
This view is what prevents solid businesses from building great brands.
Letâs start by being clear on what each of these things are.
Brand strategy is your decision on what you want to stand for: the associations you want to build about your brand in peopleâs minds.Â
âBrandingâ is the process of creating distinctive signals that help to reinforce the associations you want to build, and help your ...
Jargon and definitions can make marketing and branding feel impossible to learn. Â I'm on a mission to make things clearer! Â In this blog I clear up:
What is a marketing strategy?
Whatâs the difference between marketing strategy and brand strategy?
Whatâs the difference between brand strategy and business strategy?
And whatâs the answer to the ultimate question of life, the universe, and everything???  (Well, we know thatâs 42. Read on for the rest).
Business strategy identifies where an organisation wants to go.
It usually includes a hard metric vision or goal like, 'to be a $10 billion business by 2025', or 'to grow by 35% in the next 5 years'. It also includes the operational changes required to help to get there.Â
Brand strategy is really about why people should care. Because the only way an organisation can achieve their business strategy is through people â more people buying their product or service, a...