"The Secret Power of Brands" is one of the four MOOCs (massive open online courses) that I am currently doing. Very interesting indeed, so for anyone who is looking to learn more about branding, I can only recommend it. As part of the course materials, we were assigned last week to write a short piece answering the following question: To build a successful brand, is it better to control every aspect of the brand, or to encourage people to adopt it and adapt it? Here's how I answered:
In today's era of real-time, in-the-moment, everywhere-and-anytime world of online communications, brands no longer hold control over their reputation. Organisations do indeed control internal activities such as manufacturing, supply chain management, finance and even corporate communications that allow them to ensure expected quality of products and services, but the way their brand is seen and experienced externally is now defined by consumers. As Brian Solis says,
“Businesses are no longer the sole creator of a brand; it is co-created by consumers through shared experiences and defined by the results of online searches and conversations.”
Brands have no physical objectivity. They sell a way of life. The asset of a brand is that dream that exists in the heart and soul of the customer and her experiences of it, shared in the online space.