Hey everyone! Super happy to kick off a new season with more brand-building legends and insights.
In this conversation, I chat with Damian Borchok, Managing Director of Koto for the Asia Pacific region. A conversation sparked by a great article on Koto ‘s newsletter, We discussed the nuances of branding, rebranding, and brand refreshes. Damian emphasizes the importance of understanding the value of a brand and the strategic decisions behind rebranding efforts. Through various case studies, including Walmart, Burger King, Bolt, Tropicana, and Jaguar, Damian explores the complexities of brand identity, market signals for change, and the execution of branding strategies. He highlights the need for brands to evolve while maintaining their core identity and the significance of research in understanding brand equity.
Takeaways
* A brand refresh can be a missed opportunity if not executed boldly.
* Rebranding should consider both visual identity and communication strategy.
* Longevity of a brand does not guarantee its equity in the market.
* Brands must align their internal culture with their branding efforts.
* Research is crucial in identifying valuable brand assets.
* Market shifts can signal the need for a rebrand or refresh.
* Effective branding requires a long-term commitment, not just a one-time campaign.
* Brands should avoid generic approaches and strive for distinctiveness.
* The execution of a brand rollout is as important as the design itself.
* Successful rebranding can lead to significant market advantages.
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