Developing a successful brand strategy requires a decision making and planning process that effectively handles and positions the brand in the consumer’s mind. The strategic actions differentiate the organization or product, leaving a perception of advantage and awareness that establishes strong favorable feelings and reactions towards the brand.
To establish the most effective, efficient, and appropriate brand strategy, it is imperative that all possible opportunities are identified. By refusing to ignore a single option, the full breadth of potential can be explored.
Along with identifying new possible strategies, it is also essential to manage the existing perceptions of the brand. Some perceptions may be negative and require extensive damage control while others may be positive and require in-depth analysis for optimal utilization.
Leveraging for success.
A successful brand strategy entails the leveraging of all brand components – from rational and emotional feelings of the consumer to the brand’s vision. These dimensions will allow for sustainable differentiation and cultivate consumer loyalty and identification with the brand.