The World’s Top 10 Brands and What We Can Learn from Them
Determining a brand’s market value is heady stuff. It’s one thing to determine what stage of growth a brand is in, and that’s a very instructive exercise when evaluating an entire brand tree, but determining how much it is worth in U.S. dollars, that’s quite a feat.
According to a ranking compiled and analyzed by Millward Brown, the top 10 household brands are Apple first followed by Google, and then IBM. Isn’t it interesting that that these top three brands are all technology companies? And of the top 10, seven are technology companies!
This leaves McDonald’s, Coca-Cola and Marlboro as the only non-technology organizations. This list also confirms that the strength of a brand can be nourished and developed through consistent brand messaging, as this is something all 10 of these companies practice. They understand the keys that make a company successful, and they practice them each day. Not infrequently which is the habit of many lesser brands.
This on again off again practice is often found in second and third stage companies that are not being managed with a clear strategic plan. Rather, they are reactionary and make long-term strategic decisions based upon short-term financial challenges.
Unfortunately for them, this practice often prevents them from growing out of their current market difficulties. Meanwhile, their more strategic competition identify their weaknesses and put in place new solutions for customers that can seriously damage their company’s future prospects to compete effectively.
The number one lesson the top 10 brands can teach us is that your company should pick a long-term strategy and stick to it, and not let fluff or emotion cloud your judgment or change your direction. That’s not how big brands are built.
Tom Wants To Hear Your Branding Issues:
Tom Marin, Managing Partner of MarketCues, wants to hear from you! Follow MarketCues on Twitter for branding and social media tips, as well as the latest trends. Tom also welcomes e-mails, new LinkedIn connections, calls to (407) 330-7708 or visit www.marketcues.com. How can he help solve your branding issues?
Note: If you are a printing company or product/services company serving the print-media market, and would like to be considered for a feature in this blog, please contact Tom Marin for an interview.
Tom Marin is the president of MarketCues, a national consulting firm. Tom serves as a senior advisor and change-management consultant with 35 years of experience. He has worked for some of the world’s largest corporations, as well as middle-market firms. Tom's focus is to plan and drive strategy shifts and strategic growth programs in the printing industry and a diverse range of market areas.