Rule 1: The customer is not in charge and companies are
more empowered too
While obviously consumers are more empowered, they are not the ones in charge. Consumers already have many other things going on in their lives they want to spend time on their friends, family, own jobs and not take over the role of being a brand manager for Brand X. Yes, certain consumers will want to be more involved, but the fact of the matter is that its only some of the people with some of the brands and even then, only some of the time. Brands shouldnt forget that technology is empowering companies as much as it is empowering consumers. Rule 2: Simplify but dont oversimplify One word brand essences are very much in vogue, but Prof. Keller warns against such oversimplifying. As he explains, one word brand essences do not provide enough guard rails. While the intent of such purity of purpose is good and noble, it doesnt reflect the complexity and offerings of the brand. A better practice would be devloping3-5 unique points-of-difference and establish 2-4 shared points-ofparity. If brevity is the goal, a better alternative is a brand mantra thats a short 3to-5 word phrase that captures the irrefutable essence or spirit of the brand. Rule 3: Storytelling is nice but great products and services are better Even more popular in marketing circles today is the use of storytelling. There is no doubt that storytelling is powerful and, to a degree, necessary. However, stories cannot substitute for great products and services. What storytelling can do is pull together various aspects of a brand and provide an appealing brand backdrop. That still does not change the fact that the strongest brands are rooted in product performance. For those who argue its hard to differentiate, Prof. Keller warns it could be a self-fulfilling. Brands should remember that there are many means of product and service differentiation. Brands need to stay innovative and relevant in product and service development. Rule 4: There is no silver bullet mix and match around a brand promise Brands benefit from a range of marketing activities and the smart ones develop fully integrated channel and communication strategies. A mix & match strategy will optimally blend strengths and weaknesses. The strongest brands pull together traditional, mass media communications with online, interactive communications, and without neglecting real-world, experiential communications
and manages to harness mobile, interactive communications in one, blended
whole that reinforces the promise of the brand. Rule 5: Too much change or not enough change is deadly strike the right balance between continuity and change This rule might be the hardest rule. It is too easy to go towards one side and not change at all and become a Kodak. Alternately, some brands end up yo-yo-ing back and forth too often, like the Gap. You need to manage brands for the longrun and avoid death by a thousand cuts from over-exposing, over-extending, overmodernizing, over-discounting. Brands need to be respected but also grown to reach its potential.