Playing the Brand Management Game, Defensively AND Offensively!
Jeff McDonald, CEO Americas
Playing the Brand Management Game, Defensively AND Offensively!
Jeff McDonald, CEO Americas
I am a Texan, which means I know how to do a tailgate party bigger and better than just about anyone. I have my favorite teams’ hats, jerseys, and beer cozies. I have shouted myself hoarse at football games, college basketball tournaments and I might even have been heard to utter some rather colorful language during my favorite pro teams facing off in a divisional rivalry! I am THE living, breathing manifestation of a die-hard sports fan. Even if this season of the Coronavirus has changed pretty much everything for us!
While teams are either playing to empty stadiums or not playing at all, I have had time to think about the way clients manage their brands through the metaphorical lens of sports.
Defense is not the best offense when it comes to brand management
It has always bewildered me that the game of brand management has almost always been played defensively, and ineffectively at that. Brand trackers might give you a warning of your brand being in trouble. But when waves are fielded monthly or quarterly, there is not much intelligence that can tell you why, or what you might do about it. And by the time you get the results and try to share it with all the relevant stakeholders in your brand stewardship team, the damage is already done. The moment for optimal intervention has probably passed.
It would be like a coach calling the team together just several times a season, to try to figure out what went wrong and what went right by reviewing the play-by-play tapes across multiple games! Chances to adjust the playbook? GONE!
Pro coaches assemble teams literally within a day of the game, to evaluate all the factors that impacted the score (the weather, the conditions of the field, the relative strength or weakness of each individual player’s performance THAT DAY and that of their corresponding opponents.)Finally, they analyze what they can predict about their opponents in the game coming up.
We need better equipment
It is not that brands don’t want to act like major league coaches.
It is just that there has never been a tracking mechanism that is current enough to gather consumer sentiment and brand health data in an “always-on” platform. There haven’t been tracking solutions that are robust enough out of the box to cover all of the brand and category metrics. And traditional trackers are just but also flexible enough to be customized to deliver the right view, relevant to how you apply analytics to all your other data sources.
And affordable. Let’s not forget affordable, and that other “A” word: ACTIONABLE!
The wonderful thing about a brand health solution that ticks all those boxes is that it would allow companies to manage their brand offensively as well as defensively!
A secret weapon for brand management success
So, what would brands require of an “always-on” real-time brand tracking solution? Well, ideally it needs to deliver waves of brand data daily.
Ambitious? For sure. However, we have married the right technology and category expertise to build exactly that solution.
It is the secret weapon clients are using to attack thorny business problems at the moment that might damage their brand health or reputation. Our early adopters are telling us they are using our syndicated data as the early-warning decision support for OPPORTUNITIES as well! Knowing what their customers and consumers are doing, thinking, and feeling when they are not interacting with their brand is revealing the “AH-Ha’” moments that show where the brand could go next.
It is a beautiful thing. Retrospective data that is so fresh that brands can see and act on changes in sentiment and engagement in real-time. And trending data that can give brands early inklings, predictive of consumer behavior, that can fuel innovation and steer their future product strategy, marketing, and communications.
Canadian Hockey hero, “The Great One” Wayne Gretzky gave us his famous formula for success: “I skate to where the puck is going to be, not where it has been.”
Finally, there is a brand health intelligence source that can give you both!
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