{"id":22360,"date":"2022-01-02T23:15:25","date_gmt":"2022-01-03T05:15:25","guid":{"rendered":"https:\/\/owdtnewstg.wpengine.com\/?p=22360"},"modified":"2026-01-23T13:28:16","modified_gmt":"2026-01-23T19:28:16","slug":"what-marketing-managers-need-to-know-about-rebranding","status":"publish","type":"post","link":"https:\/\/owdt.com\/article\/what-marketing-managers-need-to-know-about-rebranding\/","title":{"rendered":"What marketing managers need to know about rebranding"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<strong>Rebranding<\/strong> is a strategic decision that can have a profound impact on a company&#8217;s image, market position, and customer perception. Marketing managers, in particular, play a crucial role in the success of a rebranding effort. Understanding the intricacies of this process, including <a href=\"https:\/\/owdt.com\/article\/what-are-the-top-10-challenges-for-marketing-managers-in-2023\/\">marketing manager challenges<\/a>, is essential for effectively guiding and implementing a rebranding strategy. From maintaining brand consistency and managing stakeholder expectations to minimizing customer disruption and differentiating from competitors, marketing managers must navigate a range of challenges during a rebranding endeavor. In this article, we will explore the key aspects that marketing managers need to know about rebranding, equipping them with the insights and tools necessary to address these challenges and navigate this transformative journey successfully.<\/p>\n<h2>Branding Vs. Marketing<\/h2>\n<p>Most of us accept the standard premise that branding\/rebranding and marketing are different functions. In a formal organizational sense, they are. The expertise of a team of branding experts is essential in navigating this high payoff\/high-risk process. And, of course, marketing must help implement all the facets of this new or refurbished organizational identity to expand sales.<\/p>\n<p>It also stands to reason that a rebranding team will benefit by accessing the granular customer data the marketing team has at its fingertips. This includes the demographic breakdown of the customer base, representative psychographic customer profiles (with information about their likes\/dislikes), and where the current brand messaging hits and misses the mark in generating sales. The branding team can then check both sets of data to cross-validate. There is no formal process for this collaboration. However, a marketing manager has access to valuable information that should be made available to the branding team.<\/p>\n<h3>Brand Defined<\/h3>\n<p>A company\u2019s brand is essentially its personality as revealed in its website, social media, logo, packaging, pricing, advertising, and other content including the scope of your customer support training. The goal of branding is to make an emotional connection with the customer to establish positive customer expectations. This invariably includes the promise of exceptional customer support, product or service quality, and superior value across all product lines. Successful branding is designed to create greater customer loyalty ideally for a lifetime and even from one generation to another.<\/p>\n<p>Both artistry and careful data-driven research are involved in the complex but high-payoff process of creating a new or <a title=\"What does it take to build a successful global brand?\" href=\"https:\/\/owdt.com\/what-does-it-take-to-build-a-successful-global-brand\/\">revised brand<\/a>. Your brand should make your customers feel that they align with and support something more meaningful than your good products and services.<\/p>\n<p>A brand will stand out in a crowded marketplace once a compelling, seductive emotional connection is established with customers. People don\u2019t like to take the time to evaluate every purchase with objective certainty so they go with the assumption that a brand\u2019s products are unquestionably the best. It\u2019s no exaggeration to say that people fall in love with brands, establishing what can be a life-long relationship that significantly expands an organization\u2019s customer base, leveraging the psychological advantage of \u2018confirmation bias,\u2019 explained below.<\/p>\n<p>In essence, your brand is designed to define how your customer perceives you. It isn\u2019t what you say it is, but rather what your customers believe it is. A company\u2019s brand is comparable to a person\u2019s reputation. A brand is not reducible to a single name, logo, website, or slogan, any more than an individual can be understood by only one characteristic.<\/p>\n<h2>The various factors that can lead companies to the rebranding process<\/h2>\n<ul>\n<li><strong>A new company: <\/strong>A new company has the advantage of establishing an entirely new brand with no potentially negative past baggage. Creating a carefully crafted, integrated design, theme, and uniform tone will help you stand out from the competition.<\/li>\n<li><strong>Name change: <\/strong>A weak name is too easily overlooked and can limit your brand exposure. A careful, data-driven evaluation of new name options will help you create greater brand recognition and credibility.<\/li>\n<li><strong>Revitalizing a brand and identity: <\/strong>Revitalizing a brand requires that all stakeholders buy into the newly defined company&#8217;s purpose, promise, people, place, and price.<\/li>\n<li><strong>Merger: <\/strong>When two or more companies merge, navigating rebranding can be tricky, but well worth the effort of getting all stakeholders\u2019 buy-in.<\/li>\n<\/ul>\n<p>A new or revitalized brand package must align with an organization\u2019s core values, objectives, and product\/service advantages. It\u2019s essential to have credible, research-based answers to questions like the following.<\/p>\n<ul>\n<li>Does the new or revised brand resonate emotionally with my target audience<\/li>\n<li>Will it encourage customer trust and loyalty?<\/li>\n<li>Does the brand tap into the uniqueness of what I am offering and why they are of value to customers?<\/li>\n<li>Does the brand convey the promise made to my target audience while also holding value to motivate my internal audience of company employees?<\/li>\n<\/ul>\n<h3>Creating brand loyalty<\/h3>\n<p>Developing a solid brand that cultivates loyalty relates strongly to promoting values that resonate with customers. According to the Harvard Business Review (1), 64% of consumers say that sharing the same values with a brand is the primary reason they have a relationship in the first place.<\/p>\n<p>Similarly, a brand that elicits loyalty results in the word-of-mouth promotion of a company\u2019s products and services to the families and friends of your customers. Getting recommendations, positive reviews, and other kinds of social proof that your brand \u2018lives its values\u2019 can be posted on social media to increase brand awareness and grow your customer base.<\/p>\n<h3>Brand confirmation bias<\/h3>\n<p>All of this underscores the sometimes overlooked importance of \u2018confirmation bias.\u2019 As social creatures, we are hard-wired to seek identity with a \u2018tribe in our modern world, we seek out groups of like-minded people, often on the internet. Once so aligned, we will unconsciously discount evidence of the superior merits of competing brands, no matter how compelling objectively. The phenomenon of confirmation bias is as valid for consumer brand preferences as it is for one\u2019s political alignment. Effective branding results in customers buying into the full range of your company\u2019s products and services. The Virgin Group brand, for example, offers services and products ranging from international flights to mobile phone services, digital health, finance, commercial radio, soft drinks, and even wine. Virgin\u2019s high \u2018band equity\u2019 (customer willingness to experience new products and services within the brand) translates into customers feeling more secure in purchasing its different services and products. It has been the same story for iconic Tiffany\u2019s, dramatically expanding its initial reputation for fine jewelry to many other high-prestige artisanal products.<\/p>\n<p>A prestigious brand name can result in unparalleled benefits for your organization. This is confirmed by the fact that when one company is bought out by another, there can be an amazingly high dollar value placed on the brand itself. One recent example is renaming the multi-venue Los Angeles Staples Center to Crypto.com (2) Arena, a brand equity transaction that cost Crypto.com $700 million! Regardless of company size, any business plan (including marketing materials with accompanying graphics) inevitably makes you more attractive to potential buyers.<\/p>\n<p>Even if you are a new company, a nicely crafted brand identity can make you appear more established and increase your credibility. It also gives your clients a sense of confirmation bias stability as they develop a strong bias in favor of your products and services, all of which work to expand your customer base.<\/p>\n<p>Marketing is tasked with ensuring that brand guidelines are implemented consistently throughout your marketing materials down to fine details that may only be picked up subconsciously. For example, if your branding materials are white and blue, and the font is Arial Nova size 12 in black font, with a spire logo, marketing managers must carefully implement these elements throughout all materials.<\/p>\n<p>It\u2019s up to marketing to finesse a brand\u2019s messaging and expand its recognition among potential customers by tweaking your brand messaging to match the specific psychographic profiles in your customer base. However, your essential band elements should not vary. Having a consistent brand message and voice helps ensure that new and existing customers embrace your business values and how doing business with you can benefit them. Establishing that baseline recognizability and emotional connection is what can distinguish you from your competitors.<\/p>\n<h3>Integrated marketing communications (IMC)<\/h3>\n<p>There have been times when companies launched a new brand without carefully evaluating whether it would appeal to their customer base. IBM is a prime example. The company badly miscalculated when it entered the personal computer market in 1981 by not considering that PC customers had no real commitment to IBM. Those buying personal computers at that time and ever since have had an altogether different set of criteria. This opened the door for the success of Dell, Compaq, and Hewlett-Packard.<\/p>\n<p>No matter how excellent a rebranding may seem, if a company\u2019s products or services have gained a bad reputation, it\u2019s best to move forward with different products and create a new brand from the ground up. Established management will often resist such a transition, especially band managers who have invested so much time and energy in what they are unwilling to admit are failed products. If they control the resources, they can block necessary change. The resulting scenario can be like the sinking of the Titanic.<\/p>\n<p>Even more rigorous quality control and leading-edge product upgrades will not be enough to turn things around. This is because competitors copy one another\u2019s features as soon as they\u2019re introduced, and continual manufacturing advances make quality issues irrelevant. Today, customers prioritize gut-level emotion and the symbolic attributes of a brand, which may or may not relate to anything objective or easily confirmed. It follows that once a brand\u2019s reputation is tainted, it\u2019s game over.<\/p>\n<p>\u2018Brand facelifts\u2019 can also waste money and potentially cut into sales. An example is GAP\u2019s unfortunate logo change in 2010, which the company had to reverse quickly when customers rejected it.<\/p>\n<p>And everyone is familiar with the disastrous launching of the \u2018New Coke\u2019 in 1985. Because rebranding is a lengthy and costly process, mistakes like this can seriously damage even the most established organization.<\/p>\n<h2>When integrated branding and marketing do not work<\/h2>\n<p>Underscoring the extraordinary impact of <a href=\"https:\/\/en.wikipedia.org\/wiki\/Non-fungible_token\">NFT<\/a>s, the term itself has been selected as word of the year (3)\u00a0by Collins Dictionary. But what are they? Essentially, NFTs are the blockchain-based equivalent of collectible trading cards. This innovation has introduced new artists to the art market while creating a growing speculative frenzy among buyers. Anyone can now own a unique or limited edition NFT art with just a few clicks. NFTs constitute a digital art revolution that radically changes how art and collectibles are bought, sold, tracked, and authenticated globally.<\/p>\n<p>An NFT links a digital work with a token, which the artist can access on an encrypted artwork platform. The key can then be passed to the buyer to certify authenticity and proof of ownership. For example, digital artists can sell\u00a0one (or a limited-edition) offering by issuing a set amount of tokens to ensure the scarcity that investors insist on. Each NFT is unique and cannot be destroyed. This is the first time in history that a single person can own digital assets, available in limited quantities tracked on the blockchain, making their ownership wholly transparent and verifiable. More specifically, blockchains are decentralized digital ledgers that maintain a continued record of transactions. This record can be used to provide unquestioned proof of authenticity and origin for digital artworks.<\/p>\n<p>Artists can create new forms of an NFT, using the central part that already exists on the public blockchain. It can then be extended with new tools that allow artists to create entirely new art categories. This versatility of NFTs enables artists to innovate and increase their sales beyond traditional revenue streams. NFT technology also facilitates the experience and distribution of valuable art more equitably. For example, graffiti and street artists can create murals that integrate image recognition into their designs.<\/p>\n<p>Blockchain technology has already upended industries like banking and insurance, and it seems the art industry is the latest market to be disrupted and enhanced by this technology. The most dramatic evidence of this was Christie\u2019s sale of digital artist<\/p>\n<p>Mike Winkelman\u2019s NFT \u201cEvery Day: The First 5,000 Days\u201d NFT for $68.3M in March 2021. Unknown in the traditional art world before the auction, the sale of his collage was the third most valuable artwork in history. Yet this work was estimated to be worth only about $100 before linking it with an NFT! The sale also set a milestone because this and other NFT art is paid exclusively in cryptocurrency (usually Ethereum). It\u2019s primarily because of Ethereum\u2019s central role in NFTs\u2019 growth that the value of this cryptocurrency has climbed more than 1,700% since the beginning of 2020. However, its value has been variable in recent months.<\/p>\n<p>In 2021, the second year of the COVID-19 pandemic, NFT sale volumes surged 1,000%. (4) People are interested in using them in many areas: visual arts, videos, music, collectibles to raise brand awareness, gaming, publishing,\u00a0 carbon trading (5), and fundraising. If you Google NFT offerings, you\u2019ll be amazed to see how many high-profile celebrities are offering NFTs that may seem frivolous but are nonetheless generating income. (August 11, 2021, 07:18 ET\u00a0| Source:\u00a0Research and Markets (6)).<\/p>\n<p>The luxury market, video games, music, and sports teams are also jumping on the bandwagon. The first tweet by Twitter\u2019s Jack Dorsey was sold as an NFT for almost $3 million in March of 2021. Another breakthrough development St. Petersburg\u2019s Hermitage Museum plans to photograph its works and tokenize them, selling off images in the public domain for thousands of dollars. This underscores the potential for virtually any asset being sold for a high amount. And we\u2019re still in the early stage of this seemingly unstoppable process of digital art being seen as an asset class.<\/p>\n<h2>Branding and customer retention<\/h2>\n<p>An effective brand strategy encourages repeat business by keeping customers engaged and intrigued by new product and service innovations you promote.<\/p>\n<p>Developing a brand with the objective of customer growth is critical. Loyal customers can become your best advocates by sharing their positive experiences with your brand with their wider social circle. According to customer referral expert Grace Miller (7), 92% of potential new customers trust personal recommendations more than any other kind of marketing. This underscores the importance of your brand being distinguishable from competitors and that it earns a reputation for living up to its values. The better the experience a customer has with your brand, the more likely they will recommend your products and services to their friends and family. Related marketing activities such as referral campaigns increase brand awareness, build trust, and credibility, and strengthen customer loyalty to ensure repeat business.<\/p>\n<p>By implementing your business\u2019 brand strategy throughout your marketing initiatives, you enhance your brand\u2019s credibility with your customers while increasing your recognition within the marketplace.<\/p>\n<h3>Brand equity<\/h3>\n<p>Brand equity refers to the value a company generates from a product with a recognizable name compared with its competition. Businesses increase their brand equity through marketing that makes their brand more memorable and recognizable, motivating customers to buy their new products across the board as they are introduced.<\/p>\n<p>Compelling branding can exponentially multiply the effectiveness of your marketing by establishing yourself as a market leader, even an icon\u2014so that customers gain respect and confidence in what you have to offer. Companies like Coca-Cola and Apple are examples of companies that inspire a passionate, even stubborn loyalty that isn\u2019t amenable to the appeals of your competition, no matter what evidence they might present to convince you they are the best.<\/p>\n<h3>Internal branding<\/h3>\n<p>Internal branding, when implemented effectively, transforms your employees into passionate advocates for your brand\u2014taking pride in their company\u2019s identity, values, and mission to represent something much greater than just a line of products and services. (https:\/\/www.wise-geek.com\/). Research demonstrates that engaging and aligning your employees to the company brand can be the single strongest element in ensuring the success of your business.<\/p>\n<p><em>\u201cBusiness success is all about people, people, people. Whatever industry a company is in, its employees are its greatest competitive advantage. As Virgin Pulse CEO Chris Boyce said recently, \u201cThey\u2019re the ones making the magic happen So long as their needs are being met.\u201d<\/em><\/p>\n<p><em>Sir Richard Branson, Founder, Virgin.com<\/em><\/p>\n<p>Internal branding requires focused planning that is comparable to external branding.<\/p>\n<p>Companies with a higher sense of purpose outperform others by as much as 400% (http:\/\/strategicdiscipline.positioningsystems.com\/bid\/78471\/Brand-Ideals-A-400-ROI-Identify-Your-Competitive-Advantage).<\/p>\n<h3>Key components of your internal branding include<\/h3>\n<ul>\n<li>Getting feedback from your employees on their perception of your brand, using employee surveys, focus groups, open discussion forums, and Q&amp;A sessions. These efforts engage your employees with a sense of ownership.\u2019<\/li>\n<li>Aligning your internal brand with its own iteration of your external identity may include \u201cits own logo, font, set colors, tone of voice, taglines, critical statements, look and feel.\u201d (8). A memorable identity will provide \u2018meaning\u2019 that motivates your employees as they engage daily in their roles and responsibilities.<\/li>\n<li>Use a multi-pronged approach to introduce and explain your internal branding to every internal touchpoint. Ensure that more detailed information is easily accessible via your intranet software.<\/li>\n<\/ul>\n<p>Building and embedding an internal brand strategy takes time and investment. However, the rewards can be enormous. Engaged employee brand ambassadors contribute to tangible returns for your business, including:<\/p>\n<ul>\n<li><strong>Advocacy:<\/strong> 78% of engaged employees would recommend their company\u2019s products and services<\/li>\n<li><strong>Retention:<\/strong> Highly engaged organizations can reduce staff turnover by as much as 87%<\/li>\n<li><strong>Customer Service:<\/strong> 70% of engaged employees say they have a good understanding of how to meet customer needs<\/li>\n<li><strong>Revenue And Return:<\/strong> During a study, companies with highly engaged employees improved operating income by 19.2% over 12 months, according to Towers and Perrin\u2019s landmark study (9).<\/li>\n<\/ul>\n<p>In conclusion, the process of rebranding requires extensive research and meticulous planning, both externally and internally, to foster significant growth and potentially elevate a business to iconic status. As a case study, let&#8217;s consider the example of OWDt, a fictional company. OWDt (Houston <a href=\"\/\">web design company<\/a>) embarked on a rebranding journey with a clear vision and a comprehensive understanding of its target audience. Through diligent market research and strategic planning, OWDt successfully revamped its brand identity, positioning itself as an industry leader. However, it is crucial to highlight that without thorough groundwork, even a seemingly simple &#8220;brand facelift&#8221; can result in failure and potentially harm a business. Therefore, investing time and effort into the rebranding process is essential to ensure a positive outcome and long-term success.[\/vc_column_text][vc_column_text]<\/p>\n<hr \/>\n<p>Sources[\/vc_column_text][vc_column_text]<\/p>\n<pre>[1] hbr.org\/2012\/05\/three-myths-about-customer-eng.<\/pre>\n<pre>[2] www.wsj.com\/articles\/crypto-com-will-run-its-first-super-bowl-ad-amid-marketing-blitz-11640174402?mod=Searchresults_pos3&amp;page=1<\/pre>\n<pre>[3] ointelegraph.com\/news\/collins-dictionary-announce-nft-as-word-of-2021<\/pre>\n<pre>[4] cointelegraph.com\/news\/nft-sales-boom-but-ownership-is-highly-concentrated<\/pre>\n<pre>[5] cointelegraph.com\/news\/un-s-cop26-climate-change-goals-include-emerging-tech-and-carbon-taxes<\/pre>\n<pre>[6] globenewswire.com\/en\/search\/organization\/Research%2520and%2520Markets.<\/pre>\n<pre>[7] beloved-brands.com<\/pre>\n<pre>[8] crowdspring.com\/blog\/brand-identity\/<\/pre>\n<pre>[9] employeeengagement.com\/towers-perrin-employee-engagement\/<\/pre>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Effective external and internal branding takes research and careful planning that can dramatically grow your business and even launch it into iconic status.<\/p>\n","protected":false},"author":9,"featured_media":27203,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[330],"tags":[364,363],"class_list":["post-22360","post","type-post","status-publish","format-standard","hentry","category-article","tag-branding-news","tag-marketing-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/posts\/22360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/comments?post=22360"}],"version-history":[{"count":0,"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/posts\/22360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/media\/27203"}],"wp:attachment":[{"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/media?parent=22360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/categories?post=22360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/owdt.com\/wp-json\/wp\/v2\/tags?post=22360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}