The question: “Is it time to rebrand?” is actually more complex than it first appears.
The question of when to rebrand can be a thorny one for people responsible for marketing in life science companies. In this series of whitepapers, I’ll tackle this seemingly simple question, and show how the answers are surprisingly subtle and highly dependent upon individual conditions. I’ll provide some guidance by highlighting several different sets of conditions that would indicate the need to rebrand or—and this is even more important—the need to avoid life science rebranding in favor of more appropriate action.
This confusion seems to be global. Two months ago I was in Japan, helping an international client with some difficult (and fascinating) life science marketing challenges. While there, I was asked by several people, “What is a brand?” Significantly, this question came from people with varying command of English (halting to fluent), and from multiple levels within the company (staff engineers to directors and above).
Had I been an expert in corporate finance, none of those people would have asked for a definition of “profit,” or “cost of goods sold” or any one of two-dozen terms from the finance function. And they wouldn’t have asked for definitions of common business terms from other functional areas, such as production, sales, or HR.
Isn’t it ironic that it’s the marketing function, the one (supposedly) responsible for clear communication, that has confusion about one of its central terms? Let’s see if we can’t clear up this confusion around the word “brand.”
Just what is a “brand” in life science marketing?
There are four common meanings for the word “brand.” To introduce these I’m going to take a broader look at how the different components of marketing fit together.
The relationship between the components of life science marketing.
Effective marketing is composed of five key components. You can refer to figure 1 during this discussion.
First: your audiences. I use the plural form of the word deliberately, because you have many audiences, including prospects, customers, the search engines that visit your web site, and potential employees, among many other audiences.
We construct these images for many reasons (primarily functional and psychological), but construct them we do. And once our audiences construct them, it’s hard to change them. These images affect your audiences’ attitudes, beliefs and behaviors, both during the buying cycle and at other times as well. (For more on that topic, follow this link.)
Your audiences exist in an environment, full of regulations, technological shifts and competitors yelling loudly, trying to get your audiences’ attention.
As part of that environment, your audiences bump up against your touchpoints, as well as the touchpoints of your competitors. I’ve arranged these touchpoints along the “Ladder of Lead Generation,” with slower-acting, farther-reaching touchpoints at the top (e.g., earned exposure and content marketing) and faster-acting, more-limited-reach touchpoints at the bottom (e.g., paid exposure and outbound solicitation). These touchpoints are the ways that your audiences come in contact with (that is, “touch”) information about your organization, products and services. Therefore, these touchpoints help shape the audiences’ image of your organization, products and services.
If your marketing is going to be effective, these touchpoints must all convey your unique value in a consistent fashion. This consistent articulation of your unique value is sometimes called your “brand,” but because the word “brand” is confusing at best and puts too much emphasis on the visual part of your communication, I refer to this as your brand-story, which is a distilled visual and verbal articulation of your position.
Your brand-story distills and articulates your position, an idea that represents the choice of attributes that you want your audiences to associate exclusively with your offering, organization, services or products. Your position must meet seven key criteria: it must be clear, unique, authentic, sustainable, important, believable and compelling.
When your marketing is working effectively, you maintain greater control of the image your audiences have of you. This happens through the Marketing Mechanism of Action.
Figure 1. This shows the 5 primary components of marketing, which are (starting from the left) your position, brand-story, touchpoints, audiences and the environment. The image created in the minds of your audiences will affect their attitudes, beliefs and behaviors, both during the buying cycle and at other times.
The Marketing Mechanism of Action in life science marketing.
These five components (position, brand-story, touchpoints, audiences and the environment) have a very clear relationship as they interact to enable effective marketing – that is, as they combine to influence your audiences’ beliefs, behaviors or actions. I call this relationship the Marketing Mechanism of Action, which I’ll abbreviate MMOA. It works like this:
- Your audience has an image of your organization, products or services. This image influences their beliefs, behaviors and actions.
- You change this image by creating and promoting effective touchpoints.
- To be effective, your touchpoints must express your brand-story consistently.
- To be effective, your brand-story must be the distilled visual and verbal articulation of your position.
- Your position must meet the seven key criteria (clear, unique, authentic, sustainable, important, believable and compelling).
It sounds simple, doesn’t it? It is, in theory, but in practice it can be difficult to do well. In fact, I’ve written about the different misalignments that can result along the chain of the MMOA. You can read more about those misalignments here.
The four meanings of the word brand.
With the terminology and relationships from figure 1 in mind, it is important to note that different marketers have defined the word “brand” in four separate, mutually exclusive ways. These are shown in figure 2.
- To some marketers, your “brand” is what your audiences think of you. (These people might say, “Your ‘brand’ isn’t what you say it is, it’s what they think it is.”)
- To some marketers, your brand is the collection of all the ways your audiences can come into contact with your organization. (These people might say, “Our ‘brand’ is the collection of everything we say and do to influence our audiences.”)
- To some marketers, your “brand” is the stamp you use to represent your organization: the symbol or logotype (that is, the trademark) – for example, Quintiles’ symbol of the big red Q (which we designed in 1989), LabCorp’s lettering and DNA symbol, or Agilent’s wordmark and “spark”. Other marketers will expand the meaning of the word “brand” to include the typefaces you use, the colors you use, the style of photos you use and other visual attributes. (These people might say, “We’ve got to maintain the consistency of our ‘brand’ by adhering to standards, so the public doesn’t get confused.”)
- To some marketers, your “brand” is the conscious choice of attributes that you want your audiences to associate exclusively with your offering. (These people might say, “This ‘brand’ is what should define us to the marketplace; it is what makes us unique.”)
Are you confused yet? Well, so is everyone else. Now do you understand why I hate the word “brand?”
Figure 2. Here are the 4 different meanings of the word “brand,” a very confusing term. Rather than using the word “brand,” I will instead talk about your Position, your Brand-Story, your Touchpoints or your audiences’ Image of your organization, product or service.
Clear definitions are necessary to create high performance marketing in the life sciences.
To facilitate a meaningful discussion about whether or not it’s time to rebrand, let’s replace the word “brand” with the following, more accurate, terminology.
- I’ll use the term image to refer to the mental impression that your audience has of your organization. Replace the word “brand” in example number one above and now the sentence suddenly makes sense: “Your image isn’t what you say it is, it’s what they think it is.”
- I’ll use the word touchpoints to refer to the ways your audiences can come in contact with your organization. Replace the word “brand” in example number two above, and now the sentence makes sense: “Our touchpoints are the collection of everything we say and do to influence our audiences.”
- I’ll use the term brand-story to refer to the distilled visual and verbal articulation of your position. The symbol or logotype that is used to represent your organization, and the tagline and core message for your organization are the epitome of this distillation. Again, a substitution within the third example above helps our understanding: “We’ve got to maintain the consistency of the brand-story (that is, the distilled visual and verbal articulation of our position) by adhering to standards, so the public doesn’t get confused.”
- I’ll use the term position to refer to the conscious choice of attributes that you want your audiences to associate exclusively with your offering. Again, a substitution brings clarity to the sentence introduced above: “This position is what should define us to the marketplace; it is what makes us unique.”
Now I’d like you to compare the following two paragraphs. Which one is more clear?
A) The MMOA works like this: To market effectively you select a brand that you then articulate clearly both verbally and visually. You then express this brand consistently across your entire brand and this will build a brand in the minds of the audiences. If you do this well, the resulting brand will match the chosen brand, allowing you to influence your audiences’ attitudes, beliefs and behaviors.
B) The MMOA works like this: To market effectively you select a position that you then articulate clearly both verbally and visually in your brand-story. You then express this brand-story consistently across all your touchpoints and this will build an image in the minds of the audiences. If you do this well, the resulting image will match the chosen position, allowing you to influence your audiences’ attitudes, beliefs and behaviors.
Option A is more confusing, isn’t it? And that’s the last time I’ll use the word “brand” (the word that henceforth shall not be named) in this whitepaper when I really mean either your position, the distilled public articulation of this position (your brand-story), the collection of touchpoints where your audiences and your marketing efforts come in contact, or the image that results in the minds of the audience. Good riddance to the confusing word “brand.”
The four meanings of the word “rebranding.”
Since there are four meanings to the word that shall not be named, there are also four meanings to the word “rebrand,” as shown in figure 3. Rebranding is such an imprecise term that it can mean A) creating a new position, B) creating a new brand-story, C) creating new touchpoints or D) creating a new image in the minds of the audiences.
Figure 3. Here are the 4 different meanings of the word “rebranding,” specifically, a) choosing a new position, b) distilling that position into a clear verbal and visual representation known as your brand-story, c) expressing that brand-story across the entire ladder of lead generation, and d) creating a new image in the minds of the audiences.
It’s worth noting that option C, creating a series of touchpoints, can be so extensive that it can be considered a rebrand, or it might be just a campaign. I’ll take a small detour to talk about what a campaign is, and the differences between a campaign and (more complete) rebranding.
The 8 foundational assets you must have.
There are eight basic foundational assets that you must have in place to implement effective marketing efforts:
- Corporate identity (a symbol and/or logotype)
- Look and feel (a visual style)
- Specific images
The first two are private, that is, you won’t broadcast them to the world. The next six are public. The order in which you create these eight assets is important, as we’ll see in a future issue. Once you’ve got these assets in hand, you can use them to create your touchpoints and enable your audiences to create an image of your organization. In marketing-mature organizations, you’ll find these touchpoints often linked together in a campaign.
What is a campaign?
A campaign is a series of touchpoints deliberately linked by some common elements, aimed at creating a particular set of results (e.g., introduction of a new product or service, increased web traffic and conversions, etc.). Even though some campaigns might last years, campaigns live shorter lives than a brand-story or a position.
|Foundational elements of Marketing||Elements typically involved in a rebranding||Elements typically involved in a campaign||Elements that might or might not be involved in a campaign|
|Name (for the product, service or organization)||•|
|Corporate identity (symbol and/or logotype)||•||•|
|Look and feel (a visual style)||•||•|
Figure 4. There is a difference between a campaign and a rebranding. This difference is seen most clearly from the foundational elements involved in each.
As you can see, a campaign typically involves specific images and specific messages. A campaign may or may not involve a tagline, an identity and a distinct look and feel.
The most common meaning of the word “rebranding” in the life sciences.
There are only a very few reasons to change your brand-story while leaving your position intact. These are very rare, but I’ll give you one example: legal action. “Hey, you can’t use that logo—it’s too close to one that is already trademarked.” Absent these rare conditions, if you are going to be changing your brand-story, it’s likely you’re doing so because you’re changing your position. And this works the other way. If you are going to change your brand-story, it’s extremely rare for your position to be so well defined that you don’t also need to take the opportunity to refine your position.
Conclusion: A rebranding should be seen as an opportunity to refine your position.
One important takeaway from all this is that a rebranding doesn’t start with your brand-story. It starts with your position. So it really ought to be called a “repositioning,” which would involve the development of a new or refined position (which is private), which would then be articulated in your brand-story (which is public).
Once again, the common language used in marketing has gotten in the way: most marketers refer to a rebranding (which they interpret as the creation of a new logo or trademark), when they should really be discussing a repositioning (and then a rebranding).
Now that we’ve clarified our terminology, in the next issue I’ll examine the reasons why a life science organization would rebrand – there are more than a dozen – and I’ll provide a detailed description of the potential negative consequences of rebranding.