brand equity challenge: a quick quiz that ranks your brand’s strength!
1. Does your brand promise your customers benefits that are clearly defined and differentiate you from the competition?
2. Do you have one logo and slogan for all of your business activities?
3. How long have you used your current slogan, tag-line or positioning statement?
4. How unique is your logo, look and signature colors vs. competitors?
5. How consistent is your brand communicated across all of the employee and customer touch points where they interact with your business?
6. Are customers willing to pay a little extra for your product/service?
7. How likely are people to recommend your brand to others?
8. How many product, service categories or line extensions do you market under your brand?
9. If you were to randomly quiz an employee about your brand promise, would they be able to accurately recite your key messages?
10. How easy would it be for a potential customer to describe your brand as a person or car to their friends or associates?
Scoring: Give yourself 3 points for every “A” answer, 2 points for every “B” answer, and 1-point for every “C” answer. Add up the points and check your score below. 25 – 30 You have the attributes of a strong brand. Congratulations! You have defined your competitive positioning and are executing with consistency. Be sure to revisit your positioning and brand touch points as you continue to grow.
Each year Interbrand in conjunction with BusinessWeek measures and creates the top 100 Global Brands Report based upon a set of criteria determining the geographical, financial and equity premium brands generate. Harris has created a simpler criteria based upon the core brand equity measures of positioning, awareness, loyalty, perceived quality, association and icons for you to take a quick measure of your efforts. To learn more about measuring and strengthening your brand’s equity, please contact Harris. |