
‘Best Global Brands Report 2023’ finds that brand growth is slowing
Interbrand study says lack of growth mindset, weaker brand leadership and poor forecasting are among the key reasons.
BRAND STRATEGY
By our News Team | 2023
Top brands of the future will not be focused on the products they sell, but rather on serving an ecosystem of stakeholder needs.
The globally competitive brands that are top of mind among consumers, touching and changing lives on a daily basis, are those that are continuously focused on better understanding our ever-evolving and increasingly complex customer needs.
These brands have a towering functionality and presence which means even our first contact with them creates a lasting impression that causes people to quickly rely on them – to the point where they become an extension of our daily existence. Simply put, they have created a reality that we ‘cannot survive’ without them in our lives.
Photo credit: Museum of Brands, London, via Wikimedia Commons
Writing in the latest issue of Strategic Marketing for Africa, the magazine of the African Marketing Confederation (AMC), Harare-based communications and reputation management expert, Dr Tabani Moyo, says corporate brands which have become our inseparable day-to-day allies range from social media platforms such as Facebook, Twitter, Tik-Tok, Instagram and WhatsApp – through to the runaway tech success stories like Apple, Amazon and Alibaba (to name but a few) which emerged in the century of internet growth.
But there are also many historical brands that have emerged from the traditional business model of the 19th and 20th century, and sometimes even earlier, that are also set to be part of the brand lexicon of the future.
A case in point is some of Unilever’s long-established brands that have been in existence for more than a century. One such being the 121-year-old Lifebouy brand, which has grown stronger at the turn of every decade through careful nurturing and facelifting.
Brand emphasis was on ‘durability’ and ‘deep-clean’
The brand – well-known in Zimbabwe and many other African countries – has cleverly modernised its initial offering by maintaining the brand promise through evolving its texture and target markets. The initial target audience was the rural consumer at the lower end of the economic ladder, where the brand emphasis was on product ‘durability’ and ‘deep-clean’.
The facelifted brand is now equally targeting young, professional and upwardly mobile consumers. But, at the same time, it has remained true to the loyal customer base by riding on Lifebouy’s traditional ethos and the lasting memories of the original brand experience.
Another similarly historic soap brand, Geisha, is maintaining its competitive gravitas through reinvention. It has done so through re-packaging and coming up with a modern formulation of rich fragrances.
The Geisha of the early ‘80s through to the early 2000s was targeted at low-income earners and communicated size and durability. The re-invented brand speaks to the quality of life that people using the product yearn for – creating strong brand associations of family unity, sharing and caring. You can watch a Geisha television advertisement here.
“Tomorrow’s brands are made up of clear and profound principles which set them apart in order to achieve long-term strategic goals, irrespective of the temptation for short-term rewards,” Dr Moyo says.
Read more about brand strategy in the latest issue (Issue 1 2023) of Strategic Marketing for Africa, the in-depth quarterly magazine of the African Marketing Confederation. You can download a free copy of the Digital Edition here.
Interbrand study says lack of growth mindset, weaker brand leadership and poor forecasting are among the key reasons.
Tlali Taoana has experience in strategy, marketing and executive roles, and will expand the capabilities of the business.
AMC President flies the flag at the World Marketing Forum in Thailand, then welcomes Tunisia as the confederation’s 11th member.
It doesn’t always pay to advertise online. Consumers tend to view sponsored listings with suspicion and prefer to click on organic listings.
Organisations must harness the power of AI to free up their people to do what no robot can do – truly connect with customers.
Multi-channel retailing has become crucial to the sales strategy of any brand, including digital-natives that started as online-only.
Hloni Mohope is to move from her KFC South Africa role to become Chief Marketing Officer for the brand in Central and Eastern Europe.
Can they get a foot in the door and take market share from the big global sneaker names? African brands think they can.
Chartered Institute of Marketing (CIM) reports on conference presentation urging marketing leaders to change their world view.
New Australian study find that images, rather than colours, are much better at signalling product variety.
AMC’s range of Short Courses is designed to complement the study and career-growth initiatives offered by our member countries.
Dr. Kin Kariisa is an extraordinary force at the helm of Next Media Services, a conglomerate encompassing NBS TV, Nile Post, Sanyuka TV, Next Radio, Salam TV, Next Communication, Next Productions, and an array of other influential enterprises. His dynamic role as Chief Executive Officer exemplifies his unwavering commitment to shaping media, business, and community landscapes.
With an esteemed academic journey, Dr. Kariisa’s accolades include an Honorary PhD in exemplary community service from the United Graduate College inTexas, an MBA from United States International University in Nairobi, Kenya, a Master’s degree in Computer Engineering from Huazong University in China, and a Bachelor’s degree in Statistics from Makerere University.
Dr. Kariisa pursued PhD research in Computer Security and Identity Management at Security of Systems Group, Radboud University in Nijmegen, Netherlands. As a dynamic educator, he has shared his expertise as a lecturer of e-Government and Information Security at both Makerere University and Radboud University.
Dr Kin did his PhD research in Computer Security and Identity Management at Security of Systems Group, Radbond University in Nigmegen, Netherlands. He previously served as a lecturer of e-Government and Information Security at Makerere University in Kampala, Uganda and Radbond University in Netherlands.
Dr Kin did his postgraduate courses in Strategic Business Management, Strategic Leadership Communication and Strategies for Leading Successful Change Initiatives at Harvard University, Boston USA.