Meaningful Brand Equity Conversations, continued


Here are the questions to start the conversation:

Brand Building Conversation Worksheet
1. What do we want our name to stand for in the hearts and minds of our customers?
  • What is the first thing they think of when they hear our name?
  • Do we produce a product/service that creates a special value for them?
  • Is there enough value inherent in what we do (or how we do it) that we earn their loyalty?
  • How do they say that we could, if we don’t?
  • If we are generating that kind of value, how do we have to change to stay that valuable going into the future?
 
2. What kinds of products or services do we offer?
  • Why is this still our mix?
  • Describe their quality and uniqueness.
  • Do different customer groups get different value from our offerings?
  • Is our current mix still the smartest array of offerings to our customers, given market conditions, in the face of what our competition is doing, considering our resources and capabilities?
 
3. How and when do we decide to emphasize or promote specific products?
  • Is our strategy based on our own preferences or is it developed in relation to events and opportunities occurring around us? Both?
  • Who else might provide input to help us to do it better?
  • What could we do to improve our strategy?
  • How would we know that our improvements are effective?
  • What new results would we expect?
 
4. How are our products priced compared to our costs and those of our competitors?
  • Are pricing strategies based on tradition, on current competitor initiatives, or on our products’ value to our customers?
  • What are the perceived advantages of our products in the minds of our different customers?
  • How do we know that our answer here is current and complete?
  • Is our perception aligned with the perceptions of our customers?


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