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Consumer Superbrands 2nd Edition
April 2007
The
Superbrand Recipe
The Role of Superbrands
in an Evolving Market |
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In
the evolving market place nature and brands are no
longer on talking terms. While
nature requires an undisturbed environment to grow
and flourish in, brands require the chaos of opinions,
experiences, challenges, analyses and the angry cacophony
of competing claims. It is in this churn that brands
today develop and thrive.
The 21st century is unlike any in our history. Empowered
with information, taught to question and increasingly
dump loyalty, consumers are demanding more out of brands
than ever before. Unwittingly they are pushing brand
custodians to re-think strategies, tread uncharted
territory and deliver on several counts at the same
time.
What can potentially emerge from this ‘disorder’ are
powerful, iconic brands that have seen moulded by public
opinion, crafted by market needs – and if they
have survived long enough – tested by time.
Superbrands will be created out of the cosmic dance
of these markets. |
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Superbrands display resilience, endurance and
all-round relevance. They are not only continually
contemporary but they achieve this through being
overtly and subtly futuristic. They either project
future or aspirational images or they offer the
next wave of benefits or they simply surprise you
with the unexpected and new. In almost every case,
they are seen to be continually evolving and delighting,
over a sustained period by skillfully blending
in with the current, yet remaining in a state of
fluid motion.
An institution or an organisation to ensure maintenance
of Superbrands has to structure itself around the
evolutionary needs of the brands. In other words,
the requirement of the brand in most cases would
dictate the organisation processes and structures
and most importantly its ongoing prosperity.
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The
market is rapidly changing.
With a variety of options in products and services,
a consumer is finding it increasingly difficult to
make intelligent choices. Hence, the proper deployment
of
brand values, brand experience and ultimately the
brand delivery
are gaining greater importance.
This by itself poses a new challenge not only to
the brand owner but to brand loyalists as
well.
One clearly sees in India the emerging trend of customers
actively desirous of co-creating value along with
the brand keepers in practically all product segments.
Even in matters of advertising and communications,
consumers are tending to express their views strongly
about ‘their brands’. While this mood
is still in its infancy, its rapid maturing can be
easily
seen. This would possibly be the new avatar of emotional
bonding between the customer and the brand owner.
With Indian brands facing the challenge of global competition
both in India and offshore, a Superbrand would be an
even more relevant benchmark in a brands journey towards
global positioning. |
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When
one thinks of a Superbrand, one thinks of immortal,
timeless, iconic symbols of the best-in-class or
category. But that’s the easy part. What is
more important is blueprinting its DNA to ensure
that it’s relevant and can live up to that
mantle, across time, across consumers.
We are all creatures of our own hedonism. In pursuit
of pleasure, of satisfaction, of knowing that when
we buy the best or most relevant – beyond the
intrinsic product advantage – we are, in fact,
buying a heritage of emotional benefits which live
up to the promise of what the brand stands for.
To justify the cachet attached to the Superbrand
label needs the finesse of
understanding the difference between any brand and
a Superbrand. Superbrands become role models for
others to follow. They command intense loyalty across
time
and by virtue of these attributes are rich, cashable
assets: to stakeholders, to consumers.
Have ambition, have aspiration, have vision and build
trust. And you have the foundation
for creating a Superbrand. |
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Traditionally,
brands have been built on problem-solution platforms.
Good brands excel
at solving consumers’ problems most effectively
and conveniently. Great brands rarely talk of problems.
They offer no rational basis of identification. In
fact, the only way that they attach themselves to
their consumers is by striking a fundamental chord
in their
daily lives that goes beyond physical and rational
satiation. What they provide is emotional gratification.
In times of rapid flux, they become one of few emotional
anchors for their consumers.
Communities of loyalists – including fanatics – grow
around such brands. Consumers don’t relate to
these brands as products or services; they value them
for the powerful human myths they embody.The myths
are already prevalent in the consumers’ collective
consciousness and are brought alive by these brands.
Their ability to harness these myths catapults such
brands to the top of their brand hierarchy. This lends
them ‘divine’ status and places them in
the league of ‘Superbrands’. |
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The
role of brand builders and the role of Superbrands
in developing markets is actually
rather simple: it is to improve the everyday lives
of consumers.
The best way to begin is to ask consumers what they
want and then simply give it to them. The challenge,
of course, is that the consumer is often a poor articulator
and cannot explain the need gap; this is where innovation
comes in.
There is an old saying that the only strategy the consumer
sees is what you execute in the market place. Ultimately
it is how you execute the plan that will determine
whether or not you have a Superbrand in the making.
In a shrinking world where customers are more global
and consumers more demanding, ever-evolving innovation
on execution becomes more critical.
This has been the way at P&G. It’s a company
that believes ideas can be created any where and
accessing them from wherever they are created is
the key to brands
that will last a hundred years and more. |
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At
the time of going into press Dr. Mallya was not
available for comment. We regret not having the benefit
of
his wisdom and experience – Editor. |
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Brands
cannot accomplish distinctiveness without strong
delivery. Once a brand consistently delivers on its
promises, a Superbrand is born. Using rational benefits,
super brands create an emotional bond that puts customers
in a comfort zone; provide an assurance that the
product will outperform and outlast other options
in the market.
A Superbrand develops the market by questioning existing
fundamentals and creating an entirely new market space
with its products.
Hero Honda has always endeavoured to do all this
and more. In the process, the company has turned
out to
be a Superbrand that has the pride and glory of being
an Indian and the
world’s largest two wheeler company.
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A
Superbrand often becomes the category itself. It
has the power to live longer than its consumer, to
constantly reinvent itself and to make itself more
meaningful and relevant to a new set of buyers, with
different value systems and emotional makeup.
A brand acquires the status of a Superbrand when
it becomes a part of the consumer’s life. The basic
fact that marketers give brands a personality means
that brands are meant to be as ‘human’ as
possible: and need to become consumers’ companions.
A brand acquires a status of a Superbrand when it is
wholesomely welcomed into the consumers’ life
space.
Brands turn into Superbrands when the organisation
has an unambiguous vision for the brand, a well-crafted
brand personality, a clear brand identity and a brand
promise, coupled with consistent delivery mechanisms.The
passion and belief of employees charged with delivering
a Superbrand is significant: if folks who deliver
the brand experience aren’t sold on the brand and
don’t ‘live the brand’ why expect
a customer to do so? |
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I
would define a Superbrand as a brand that has stood
the test of time, is almost synonymous with the
product category to which it belongs, and has the
highest
top-of-mind recall amongst competing brands. It
will also necessarily need to have the best ‘Brand
Character’ in its class, scoring high on
both product and non-product attributes. Only a
small
proportion of brands can meet all these criteria;
it is these that have been presented in this book.
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Indian
consumers have traditionally been more loyal to
brands than consumers in more developed markets.
In the
latter, consumers often pick a store brand that
provides benefits
similar to those of the leading brands at a lower
price. In India, however, most consumers shop in
small mom-and-pop
stores where they get the pack only after asking
the shopkeeper for the brand by name. This means
that the
role of the brand is far more critical in India.
Distribution, too, is determined by the brand’s
strength. Across categories, the
distribution of the market leader is significantly
higher. The role of above-the-line communication
is also far more critical in markets like India.
Brands
that have invested extensively in mass media have
had more consumers ask for it by name – and
have thus
grown faster than the industry average.
But as the Indian FMCG space matures, we are likely
to see benefit overlaps within brands– and
as modern trade grows, brands will face different
challenges
to sustain in a market place where consumers can
compare competitive offerings. Those that stay relevant
and
maintain leadership in this changed environment will
be the new Superbrands.
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