Page 10 - BGB2021_Report_Landscape
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Leadership  →                    Engagement  → Relevance                                                                     So as brands set out

                                                                                                                                            to expand our present
               DIRECTION                        DISTINCTIVENESS                      PRESENCE
               ALIGNMENT                        COHERENCE                            TRUST                                                  and future possibilities,
               EMPATHY                          PARTICIPATION                        AFFINITY
               AGILITY                                                                                                                      here are five priorities for
                                                                                                                                            brand leaders.



               Let’s rewind: our data shows           seen as leaders at the forefront of
               that the world’s most influential      a transformation that transcends
               brands activate a clear chain:         their categories, sectors and
               Leadership creates Engagement.         traditional approach in order
               Engagement creates Relevance.          to take advantage of the
                                                      opportunity of what our post-                                                                            First, see profit as a resource.       Fourth, be accountable.
               Where does this take us? At a time     pandemic world can be like.                                                                              At a time of income insecurity and     Have your purpose as your north star,
               of crisis of confidence and trust                                                                                                               rising collective concerns, priorities   but be clear on your ambition – i.e.,
               in institutions, government and        Brands that are thriving at the                                                                          and needs are being reassessed. In     what you’re setting out to tangibly
               society overall, we must rethink       beginning of this decade lead from                                                                       high-consumption societies, frugality   achieve in the next couple of years.
               brands as acts of leadership.          the future, engaging people in a                                                                         will be embraced. Growth as an         What is the best version of your
                                                      journey towards that future, and                                                                         end in itself is being challenged.     organisation at a given date, and how
               Businesses that want to be relevant    giving us the choice and agency to                                                                       So, determine clearly what your        are you actually going to measure it?
               must fill in the void. They must be    act according to shared principles.                                                                      business’s role in the world might
                                                                                                                                                               credibly be, and then define how its   Lastly, make moves, not campaigns.
                                                                                                                                                               profit and growth can be seen as       This decade’s challenges need less
                                                                                                                                                               a valuable resource enabling your      visions and communications, and
                                                                                                                                                               constituents to drive real change.     more action and delivery. Your brand
                                                                                                                                                                                                      manifests itself into much more
                                                                                                                                                               Second, pick your battle.              than your customer journey – it is,
                                                                                                                                                               No single business can effectively     in fact the way your business exists
                                                                                                                                                               lead the charge on more than a         as a human experience for all your
                                                                                                                                                               single systemic issue. So be sharp,    constituents. Rebuilding a fairer
                                                                                                                                                               focused and authentic when             supply chain to is no less part of the
                                                                                                                                                               defining what your role in the world   experience than, say, your channels.
                                                                                                                                                               and contribution can truthfully be.
                                                                                                                                                               Be crisp and clear on what your
                                                                                                                                                               societal enemy is, and what you
                                                                                                                                                               can realistically do about it.

                                                                                                                                                               Third, think arenas, not sectors.
                                                                                                                                                               It will be increasingly hard to
                                                                                                                                                               build strong communities around
                                                                                                                                                               products and services; much
                                                                                                                                                               easier to do so around fundamental
                                                                                                                                                               needs – like move, play, connect
                                                                                                                                                               and express. Categories and
                                                                                                                                                               technologies come and go; needs
                                                                                                                                                               stay and evolve. Define the arenas
                                                                                                                                                               you are actually competing in.







               Best Global Brand 2021 Report                                                                                                                                                                                          11
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