The latest culture as recommended by our staff

Michael Henderson

Michael Henderson suggests


Born-again brands

Tuesday, 1st July 2008

Clint Witchalls looks at what brand managers have to do to keep their products in tune with the zeitgeist

Sales of Hummers are down. The mega gas-guzzlers that became associated with the boo-yah! patriotism that surged through America just after the Gulf war, are no longer in step with the zeitgeist. Americans have lost their appetite for the war, oil prices have gone stratospheric and the current trend is towards sustainability. The tide has changed and the Hummer hasn’t kept up. As a result General Motors, the company that has owned the brand since 1998, has put it up for sale.

Trends can change quickly and brands that are everybody’s darling today can be a pariah tomorrow. Firms should continuously check the health of their brand by asking two questions: how relevant is my brand? And, how differentiated is it? Of the two, Nick Keppel- Palmer, head of consultancy at brand agency Wolff Olins, says that the second is the most important. ‘If you’re making salads at 3,000 calories a pop and the nation is dying of obesity, that would suggest to me that perhaps what you’re doing is not relevant, even if it is different,’ he says – taking a swipe at McDonald’s attempt at brand reinvention.

The challenge is to differentiate your brand while maintaining its relevance. Declaring that your firm is ‘going green’, for example, is not very compelling to consumers or to shareholders, because it’s what you should be doing anyway. ‘There’s a big swathe of companies that have jumped on this ethical eco-movement without thinking what they are going to do differently,’ says Keppel-Palmer. ‘What brands have to do to evolve is to understand themselves very well and understand the market that they’re operating in. McDonald’s is never going to become the purveyor of healthy foods.’

More articles from: Clint Witchalls | this section

Print this article   |   Email to a friend   |   Permalink   |   Comment

Post this entry to:   del.icio.us | Digg | Newsvine | NowPublic | Reddit

Comments

Post a comment


Your comment:*

Your name:*

Your email address:*
(We won't publish this)

*Required information

Please click the button only once - your comment will not be published immediately

The Spectator Parliamentarian Awards
Weekly update

A new job for the IMF: as global policeman

Elliot Wilson 26/11/2008

Carbon footprints

Elisabeth Jeffries 26/11/2008

General Motors must be allowed to crash

Matthew Lynn 26/11/2008

‘These clouds will have a silver lining’

Judi Bevan 19/11/2008
Spectator recommends

The Captains Choice Tour

Luxury all inclusive travel to remote and exotic destinations.

Book Farm and Cottage Holidays Direct

Save money on your farm and cottage holiday by booking direct with the owner. We have a range of places...


Spectator classifieds

ROME CENTRE

PORTA METRONIA, ROME Standing high on the top of one of the seven hills of Rome- the Coelian- this unique

City Breaks. ROME and PARIS

ROME and PARIS: over 350 holiday rentals apartments listed: visit  www.romanreference.com  and  www.parisreference.com or call +39 0648 903612.

Jewellery. RUFFS (Estd. 1904).

Goldsmiths by Design Welcome to Ruffs!  You have found a company of Goldsmiths that specialises in the manufacture, amongst other