Brand Trends, 2004 and beyond (Part 2)
What will the brand environment look like in 2004? Last week MANDY DE WAAL and JANICE SPARK examined four major trends: South African identity, community involvement, internal branding and experiential branding. In part 2, they look at the next four big trends …5. Managing Reputation Will Remain a Major Challenge
Following Enron, Worldcom, Parmalat et al, reputation is an obvious brand bear trap, especially for global players. Expect an acceleration of PR’s move away from spin doctoring and towards the protection and nurturing of company reputations. The role of PR in building and maintaining company reputations will (slowly) become more valued and understood.
This trend ties into the growing necessity of brand transparency. Those brands seeking to build reputation as a creative exercise (and to coax the public into believing they’re something they’re not) should beware. As Parmalat will be able to testify, the public backlash against deceit will be strong.
6. Brand Protection Becomes an Imperative
Expect the counterfeit brand business to keep on booming on the back of the real thing in 2004, and expect a consequent elevation in the need for legal services in this area. Also look for a continuation of litigation in the culture jamming sphere. Expect to see Laugh it Off conducting more TV interviews outside the high court, and look for more confusion from the big brands on how to handle culture jammers.
Big brands will have to be careful not paint themselves into the wrong corner by chasing after people that are making fun, or money, out of them. Endless court actions could lead to public perceptions of the ‘big bad brand’.
7. Youth Culture
In 2004 the clamour for the hearts, souls and wallets of the youth will hit fever pitch. Expect every brand under the sun to jump on the hip hop bandwagon – and expect the youth to be getting more than a little bored with the media’s interpretation of their lives, and the continued onslaught of ‘buzz branding’.
With YFM having taken a firm grip of the youth culture power seat, the issuing of more radio licences will open the door for new ‘bright young media things’. Whether any will be able to capture the imagination like Y has done is open to debate.
Youth brands will need to find the balance between intellectual integrity, social credibility and making money. Walking the tight rope will be tricky.
The product placement blitz will continue, with more and more TV and radio shows being designed around the sponsor’s objectives.
Consumers are increasingly media literate. How effective is Advertainment really? It’s anyone’s guess…
The best advice we can give to marketers for 2004 is to hang to your hat, and don’t get swept away by the hype. As always, under promise, over deliver, and make sure that whatever brand innovations you undertake you do your homework carefully. The experiential brand environment is now common place, and consumers will be turned off by brand experiences that aren’t backed by slick delivery of the product itself.
The public wants to know more about the business behind the brand. Does the business operate ethically in social and environmental terms? These are big questions that companies will need to be able to answer honestly. Consequently, reputation management will become an increasingly critical component of the overall business strategy. For many companies the move from spin doctoring to transparent reporting will be a major challenge.
Idea Engineers is a strategic marketing company that develops brands. More information on Idea Engineers is available or by calling (011) 803-8111.