ARTICLE POSTED BY: admin
Design Forum has changed its name… sort of.
When we became part of Interbrand in 2002, we kept the name of the company that I founded in 1978. Since then, we’ve evolved from a pure design entity into a multi-disciplined consultancy with a deep pool of talent, including a lot of brand expertise.
“Design Forum” contains valuable branding in its own right. Our name has touched hundreds of success stories and a lot of people who’ve become our friends during thirty years in business.
Anyone who’s been through a company name change is aware of all the ramifications, from switching the sign on the front door to an updated logo on the coffee cups. And the risk, of course, that customers will assume there’s been a change in leader-ship—in our case there has not.
The time has come to take on the new Interbrand Design Forum identity in order to focus more precisely on what our business does—global retail store design that incorporates business brand strategy, shopper analytics, retail architecture, retail-sensitive implementation—and to stress our ability to draw on resources from around the world: 1,249 creative minds in 36 offices and 22 countries.
This month, Interbrand publishes the annual Best Global Brands in conjunction with
BusinessWeek. It’s one of the top three published business rankings in the world. If you think your business is a potential leader, here’s where you can find out what it takes. And of these 100 brands, you’ll see who the top riser and faller were this year. (Spoiler alert: Google and Merrill Lynch.)
Brand value is a simple idea. If retail brands play a role in choice, and shoppers must choose between competing products, then brands must contribute to earnings and profit. It then follows that brands must be quantifiable and valuable to its owner.
By using brand valuation as a diagnostic tool, we understand the precise economic benefit that brand has on every aspect of business. Insights into which brand attributes are relevant at each step in the customer journey tell us exactly what must be changed to make the brand perform better. You can then invest in the touchpoints that generate the most demand.
The topic of brand management has been generating more interest every year in the face of proof that strong brands, consistently managed, are more resilient in shifting economic climates. A study of Best Global Brands versus the S&P 500 conducted by Harvard and USC showed they outperform the market.
Yet, business pundits say we’re living in a post-branded world and that traditional branding is outdated. Perhaps that shouldn’t surprise me. Although the concept of brand value has been evolving since the ‘80s, it’s still misunderstood.
Brand is not an advertising gimmick. It’s a set of attributes and a promise: the attributes consumers have ascribed to store or product, and a promise made by the company to deliver those attributes through the way it does business. Ideally, the brand idea shapes the company and directs the behavior of everyone in it. That’s why we believe brands have the power to change the world.
There are some interesting new names on the list this year. BlackBerry makes its way onto the global brand stage. We’ll see if it can outperform the iPhone. Luxury brand Ferrari zooms onto list. The debut of H&M is a great example of a retailer understanding consumer demands, as is the entrance of Marriott.
Our longtime client Honda still ranks high; also new to Best Global Brands is our client FedEx, whose promise we’re bringing to life in the FedEx Office stores (formerly Kinkos). Like all the leaders, they have managed to strike a clear note of differentiation that we have translated into retail environments.
Although we can understand nervousness in a results-oriented world, we’re hoping the current slowdown will push retailers to change. The world is becoming one global economy. Competing in it demands a connected and holistic approach to brand management, not siloed 20th century corporate habits. In order to stand out from the crowd and engage our associates and customers, our businesses must become branding communities, resilient and flexible. Because—particularly in retail—there are always new and unknown challenges ahead. Thoughtfully,
D. Lee Carpenter
Tags: Brand expertise, Brand strategy, Retail Brands, Retail store design | 1 Comment »