Pharmaceutical Market Europe • September 2021 • 15
MAXINE SMITH
Is your brand still working hard and being translated consistently?
As meetings go, it was on the unusual side – no slides, no lengthy presentations, just images of all our communication and branding from the year all captured in one place. In terms of productivity, it is up there as one of the top sessions this year. What were we doing? We were running our annual Branding Check.
Our Branding Check meeting is where we lay out as many examples of our communication and branding from the last 12 months as possible, together with our Brand Book, and then we ruthlessly check, challenge, discuss and audit each example to examine the consistency and strength of brand translation. It revealed some interesting results and has had the effect of tightening consistency and galvanising the team to a more faithful version of our brand.
The strength of your brand and brand translation is probably overdue for a health check as it is quite likely to have been under threat from the pressure of virtual working, the explosion of channels we are now using for communication and the expansion of the number of team members developing communication materials, all under the umbrella of our ‘brand’.
A strong brand can convey trust, build an enduring relationship with the customer and drive loyalty. As many of the leading consumer brands have demonstrated over many years, big brand value is built on emotional equity. If we were to look at the balance sheet of large brand building consumer businesses, we would see that the largest value sits in the intangible assets of the brands. What this tells us is that in marketing, we are the custodians of the most valuable assets of the company.
Stronger brands have been seen to outperform the market as a whole. They have greater customer recognition, may impact the price and can also increase employee motivation and engagement. The reason for this? As Dan Hill explains in his book ‘Emotionomics’, ‘80% of all decision-making is done on an emotional basis’ and it is the emotional connection we create through our brands that can drive this success.
Traditionally in pharma we tend to be rational and scientific and be constrained by what can be signed off medically. In our experience some brand teams do invest the time and creativity in building a Brand Portrait and defining a Brand Personality which then goes on to shape brand campaigns and more. We can use different models such as Keller’s Brand Equity Model, the classic favourite the ‘Brand Onion’ or ‘Brand Wheel’ or the Brand Positioning Model to help us shape how we want our customers to perceive our brand, what we would like it to stand for and how we will connect with our customers.
The models are there to guide our brand development but the riskier part, particularly in the current environment, is the ‘Brand Translation’. Once we have developed our insight-based, emotionally resonating brand and we know what it stands for, we need to ensure that every single communication, across every single channel, to every single customer, upholds and strengthens this brand – consistently. We need to consider how we:
Maxine Smith is a Director at Uptake Strategies