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It's all about reputation
Heathrow Airport - 10th August 2005.
Welcome to the biggest crash course in branding
the country has ever seen. (Bring a sandwich.)
In the space of a few hours, reputations were
to evaporate. Brand values were rendered meaning-less. And one of
the biggest brands in the world became synonymous with mud.
There were thousands of victims but the damage
was far greater than the loss of a couple of days holiday or cabin
attendants being stuck in Belgium when they should have been serving
drinks en route to Brazil. The true cost will be paid for by the
world's favourite reputation.
Reputation is everything. It's your ticket
to your next sales invoice. It's what your upstart competitors covet.
It's worth more than any premises you own or even your wage bill.
But it's not as simple as that.
The annoying things about your reputation
You do not own your reputation but you are responsible
for it.
Even more scary, your reputation is defined
by others. And what they perceive it to be becomes the truth. Even
if it is based on a half-truth.
And, to make matters worse, perceptions are
driven by emotions.
Emotions, not product features, drive decision
making. This is why we drive the car we drive or choose to live
in a certain part of town. It's why we have spouses that aren't
100% perfect.
We use reason, sometimes, to back up our judgements
but we do most things because we just feel like it. We've been emotional
creatures ever since we left the cave.
When we think of a company or a brand we automatically
trigger a daisy chain of emotions.
Every year, UK companies spend millions trying
to make sure the right emotions are part of our daisy chain.
The romance of gravy granules
Think of a famous brand of gravy granules and your mind,
in a split second, may transport you to the scene (with accompanying
smells) of a lovely suburban family Sunday roast. You might even
find yourself mouthing the word 'Aaah'.
Think of a famous brand of olive oil based
margarine and suddenly you are walking, probably in sandals, amongst
the groves in the balmy heat of the Med.
Think of a famous burger joint, though, and
are your emotions to do with happy scenes with friendly red-haired
clowns. Or do you automatically think of things supersize?
These three bits of food for thought highlight
the way love, the most powerful emotion, can turn very quickly to
lack of respect, caution or distrust.
Of course, every business or its brands wants
to be loved. It wants a long-term, 'til death do us part kind of
relationship with its stakeholders. The reality, however, is less
rosy. Because we speak of a very fickle lover who forms opinions
by talking to other people behind your back and, having jumped to
the wrong conclusion, punishes you by wanting nothing further to
do with you.
Protecting your stable door in case
the horse bolts
You may have your brand values, your what-we-stand-fors,
pinned on every notice board.
You may handle complaints swiftly. You may
not have a rogue accountant or a director who likes to engage in
the occasional misdemeanor.
You may persuade your shareholders that all
is well and may, deservedly, feel the expression 'what could possibly
go wrong' popping out.
Take heed. Think of Heathrow.
At Alliance we work with our clients
to put measures in place to protect brand value, by assessing what
puts it at risk. For more information contact
us.
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