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What Marketers Can Learn From Best Swiss Brands 2014

Posted by: Interband on June 05, 2014
What Marketers Can Learn From Best Swiss Brands 2014 Best Swiss Brands

Best Swiss Brands

Best Swiss Brands

In 2014, Interbrand recognized the Best Swiss Brands for the 3rd time. In honor of the occasion, Interbrand hosted an event in its Zurich office on May 13th. Both clients and leaders representing the Best Swiss Brands joined Interbrand to celebrate. 

For the first time, B2B brands were included in the ranking, indicating the growing importance of this sector. ABB, Swiss Re, Sulzer, and Syngenta are impressively demonstrating the role of consistent and mindful brand management and its rising influence on the company's performance. 

With outstanding overall performance, the unrivalled Nescafé occupies the top spot in the ranking, but the Swiss luxury industry and the pharmaceutical industry, represented by powerhouse brands like Novartis and Roche, are also very strong.  

A close examination of the ranking, and the leading Swiss brands it highlights, suggests factors that are indispensable for successful brand management. It reveals that the most successful brands understand the importance of brand management. These brands know when to evolve, when to reinvent themselves, and the importance of aligning their brand strategy with their business strategy. 

When looking at the leading Swiss brands and assessing their strengths, some common themes and lessons emerge: 

Evolution of brand management 

The impact of the brand on a company's performance is becoming increasingly evident. Organizations that realize this are integrating the brand into the overall business strategy, with the brand strategy serving as the interpretation of the business strategy. However, when brands are viewed as the valuable assets they are and positioned to lead a business forward, it is essential to have a great vision for them. To fulfill the promise of that vision, it is often necessary to make changes and drive innovation. To bring that vision to life, to touch audiences emotionally and to create a truly outstanding brand experience also means placing a strong emphasis on design and clear, authentic communication.

Brand experience across all touchpoints 

Brands cannot be successful if people are not aware of them and impacted by them. In order to reach target audiences and keep them engaged, the establishment of a compelling brand experience is necessary. Not just relying on the brand’s classic offline brand appearance, the experience also includes the digital experience and, even more important, a cross-channel approach. By enhancing the customer journey through design, communication, and service at every step, companies can create a seamless brand experience that will anchor positive emotions in the customer’s mind. 

The importance of employer branding 

A clear and powerful brand position is not only key to attracting and sustaining the interest of customers, but also plays a significant role in attracting and retaining highly skilled professionals. Brands inspire and strengthen commitment internally and motivate existing employees to become brand ambassadors. Projecting this authenticity, appeal, and credibility—internally and externally—is something successful brands seek to do effectively. 

Brand value determines brand activities 

A corporate brand is sometimes thought of as a cost center, but organizations are better served by viewing it as a business asset. A company needs to understand its brand, gauge its effectiveness and potential, and manage the brand as it would any other asset. Brands have the innate potential to either strengthen or hinder a company, and it is up to the organization to determine which of these two possibilities becomes reality through the ways in which it leverages the brand. To leverage the brand effectively, Brand Performance Management must be established. Measuring and tracking a brand’s value helps companies decide which initiatives are necessary to build its brand power.  

Brand communication means leading a conversation 

In a digitally-connected world, where communication is taking place everywhere, at all times, it’s no longer enough to craft messaging and blast it out, hoping people will respond favorably. Today, there are many brands competing for attention and mindshare and static communication will not engage, build relationships with customers, or break through cultural noise. Today, brands must participate, interact, respond, and express passion for their corporate culture and offerings in an authentic way. Creating a platform to receive and discuss customer feedback, expectations, ideas, and requests gives brands the opportunity to learn about changing customer needs, meet those needs better, and ensure a positive impact.   

The future of brand management 

The Best Swiss Brands report illustrates how brand management is practiced today. To recap: 

  • Brand Management 3.0 is more about facilitating than controlling brand communications. It means shifting from “Brand Cop” to the “Brand DJ.” 
  • To achieve maximum impact, experiences must be thoughtfully designed, powerful and consistent across touchpoints, resulting in a memorable brand experience. 
  • Employer Branding is a key investment for any company’s future. Strengthening one’s reputation and image as an employer is an effective way to attract the best people, while a strong internal brand is crucial to retain talent. The talent a company attracts—and keeps— can boost future earnings. 
  • Measuring and tracking a brand’s value helps companies decide which initiatives are necessary to build its brand power. 
  • A vivid dialogue means benefits for all stakeholders, but marketers must bear in mind that fruitful brand conversations happen when brands are positive, passionate, open and responsive. 

For the full ranking, detailed information, and interviews with marketing leaders visit www.bestswissbrands2014.ch




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