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18P107
Case Analysis: Selecting a new name for SCPT
Name development is the third step as part of the strategic brand development plan which aims to ensure that
the brand SCPT(here) presents the correct, desired and wholesome image to all stakeholders of the
organisation which further strengthens its brand equity.
Generic criteria:
Non-limiting: The name should not limit the company in
terms of new business opportunities
Brief: The name should be short to ensure consistent usage and afford ease of use in application
Distinctive: The name should be unique and memorable
Verbally & visually appealing: The name should be euphonically pleasing
Industry appropriate: The name should be appropriate for the industry
Linguistically appropriate: The name should be free of negative connotations
Phonetic: The name should be easy to pronounce and spell.
Legally available: The name should be legally available to register as a trademark and corporate name
Brand Image Criteria:
Leading player: The firm wanted the name to represent the name of a leader strong firm that ensures
optimism and trust among stakeholders
Forward-looking: the name should not be very short-sighted but give indication of a cutting-edge
forward looking firm and not an old-fashioned one.
Accessible neighbor/problem solver: since SCPT was into real estate and financial services, it wanted
the new name to make the firm seem more approachable and consumer friendly
Customer oriented: SCPT wanted the name to represent how the firm was a customer oriented,
approachable firm and not too corporate
The team started with 800 names, out of which 75 were shortlisted.
Only 23 could pass the preliminary legal trademark screening
the shortlisted names were closely scrutinized leading to 4 names and additional 6 names which were later
added on the suggestion of the core team.