Does brand matter for early stage companies? "this is what I think about when I think about branding (for early-stage companies). The creation of massive advantage through language, design, and imagination. The framing of evaluation criteria that force everyone else to be judged relative to you. A unique lens that guides every decision you make toward solidifying and continuing to establish your differences. And the building and strengthening of an emotional relationship that binds your most important stakeholders to you more strongly over time." New article up at Brand Capital: https://lnkd.in/esZZj9tH
Since Brand = experience / promise This is like asking if the product, experience or method of marketing matters
Apple excels at making their products part of the customer experience, crafting a lifestyle around them. Their innovative products redefine our interactions with the world, embodying their mantra to "Think different". As you mentioned, and from my experience, a brand vision aligning an organization, investors, and customers towards a single ambitious objective is crucial for a consistent brand experience that effectively communicates business value. Branding fosters relationships. It's how you present yourself to your team, investors, and customers. Without a brand, companies risk falling into the "sandwich board" mentality, merely listing product ingredients instead of conveying how the experience can transform their customers' lives. Thanks for sharing. Nice write up.
Brand helps you set criteria and speed decision making internally.
I'll be quoting from this!
So smart- the Apple observation is perfect- it's bigger than the product; it's about creating and framing a new category.
Head Of Brand Innovation at Miro
2moAdrian Ho, thank you for articulating this so clearly. Understanding the market we are in is one of the most fundamental decisions each company needs to make, no matter how early. And by that, I don't mean deciding which Gartner category you want to play in. What I mean is what is the need you are catering to and where will you source growth from? If selling wine, you're not (only) competing against alcohol brands...you compete against solutions that help people "get out of their heads", i.e., tea, meditation, exercise, cannabis, music, medications, Netflix. Our products compete for a share of the need (i.e., augmenting human spatial capacity), not category labels. Framing the market right will not only position your brand as superior, but it will also de-position the competition. A brand isn't an afterthought. It needs to be baked into the product from day zero. And this is exactly what a well written brand positioning does.