Reinventing Brand Strategy: Holistic Branding
In a recent series of enlightening conversations with a network of marketing mavens—ranging from erudite professors to the avant-garde minds populating our advertising agencies—a consensus seems to be quietly emerging from the cacophony of the marketing world. It whispers of an evolution, a metamorphosis in the realm of branding that stretches beyond the foundational doctrines laid down by luminaries like Aaker and Keller. Yes, these titans built the scaffolding from which we all hang our marketing hats, but the winds of change are blowing, suggesting it might be time for us to weave a new narrative in the annals of branding strategy.
David Aaker and Kevin Lane Keller, whose seminal models have long been the North Star guiding brand strategists through the murky waters of relevant market differentiation and consumer engagement, crafted frameworks that have stood the test of time. Yet, in the same breath where we revere these models for their past contributions, we find ourselves at a crossroads, pondering the path forward. The Brand Identity System (BIS) model by Aaker and the Brand Resonance model by Keller, while indispensable, now seem like chapters from an earlier volume of our marketing saga, necessitating a sequel that speaks to the emergent technology epoch we inhabit.
Let’s consider the prospect of expanding our branding model to encapsulate the zeitgeist of our era: Brand as Value Creation. This isn’t merely an incremental step in the journey but a leap into a dimension where brand identity, resonance, and economics converge on a singular point on the horizon.
The Vivaldi Holistic Brand Model
Identity: The Bedrock of Brand Strategy
The narrative begins with identity, reminiscent of Aaker’s BIS model, yet transcending it. In today’s era of technology evolution or shall I say hype and hope, a brand’s identity is not just a reflection of its business strategy but its very essence, embedded in the company’s culture, capabilities, and values. This identity-driven approach ensures that our brand strategy does more than just skim the surface; it dives deep, anchoring the brand in the bedrock of authenticity and its role in the world. We’re not merely dressing up a proverbial pig in lipstick here; we’re sculpting from the clay of genuine substance.
Resonance: The Dynamic Symphony of Engagement
The story unfolds further with Keller’s resonance model, a dynamic, four-level pyramid that vibrates with the frequency of modern consumer engagement. This model, rooted in science and the psychology of how brands embed themselves in the consumer’s memory, presents a fluid, outside-in perspective that mirrors the evolving landscapes of our world, today. Here, brand strategy becomes a two-way street, a dialogue between brand and consumer, orchestrated through the symphony of interactions that define our contemporary existence.
Economics: The Alchemy of Value Creation
The crescendo of our narrative reaches its peak with the third leg of our stool: economics. In this realm, value creation is king, governed by the principles of open architecture and dynamic engagement, and the principles of marketing effectiveness, more narrowly referred to as digital marketing. We witness brands like Tesla and Nike, once confined to the traditional avenues of commerce, selling via annoying car dealerships and retailers for sportswear, now pioneering direct relationships with consumers, who doesn’t know the acronyms of D2C or DTC, gleaning real-time insights that fuel innovation and growth.
This shift is not merely a change in business models; it’s a revolution in how branding influences customer economics—acquisition, retention, purchasing and spending. The dialogues we foster, the experiences we curate, and the interactions we facilitate all crystallize into a coherent strategy to reach, interact, and engage with consumers, not simply through advertising, product drops or other marketing stunts that directly impacts revenue growth and firm valuation.
A Dynamic Process: Brand as Action
The paradigm has shifted from static definitions of the brand to a dynamic process where brand strategy is an ongoing narrative of action and interaction that deliver value through learning, virality and yes, network effects. It’s a holistic journey that guides the customer from the first touchpoint to the last, delivering tangible value that is meticulously measured and optimized.
In this new age, our holistic brand model is not just a theoretical construct, a justification for the latest spray and pray campaign or a romantic dream of hopeful value creation through H2 or H3 innovations but a practical toolkit for navigating the complex interplay of identity, resonance, and economics. It offers a blueprint for brands to not only declare their purpose but to act upon it, creating a legacy of value that resonates through the annals of time.
Start Your Holistic Branding Journey with Vivaldi
As we stand on the precipice of this new era, let us embrace the holistic brand model as our compass, guiding us through the uncharted territories of the amazing frontier of new and emerging technologies of today. Herein lies the path to not just surviving but thriving in the Age of Automation, Augmentation or in short AI, where every brand has the potential to become a beacon of value creation in a world hungry for meaning and connection.