The
meaning and message of the term “Brand” has undergone metamorphosis over the
last few decades. From a simple mark on some cattle on their way to a slaughter
house, it has taken several manifestations, presently to represent a set of
attributes an individual, a product, a service or a name. Further, it calls for
assurance and delivery of these attributes to the market it serves. The
impactful and intense relationship it develops with a customer, a consumer of a
user underscores its market value immaterial of certain latent deficiencies it
might have at a given period. Oftentimes certain ‘brands’ try to conquer an
entire market space with extremely low competition, though there could be
several other players with almost the same value deliverables and even at a
lower cost. The ‘brands’ sometimes speak so loudly that communities cannot
think of a kind of a different product or service on its name. It causes
powerful neural connects in minds that it is difficult to de-brand them. It is
also acknowledged that each ‘brand’ has a shelf-value and it is important to be
conscious of this life cycle to extend its longevity or to let it to be reborn
like a phoenix.
The
‘brand crisis’ has been a historical phenomenon both for an individual or an
organization or a State. In recent times, it is seen that the factors that lead
to brand crisis leading to an avalanche of their products in markets are too
many. Though the brand crisis could also occur consequent to slow assimilation
of negativities within the systems, the challenges one might have to face when
the attack is of the nature of a ‘Tsunami’. Either way it needs to be managed. Sometimes
it could also be consequent to an ‘outbreak’ over a trivial issue in which the
role of the brand has least relevance, but a section of the society might be
waiting to see ‘proxy business games’ for the fun of it.
Here
are a few things to ponder:
1.
Organizational
insensitivity - Several organizations tend to be ‘celebrating’ their brand and
looking for greater ‘out-reaches’ in scale – both in terms of numbers and
profits. Their engagement with present success often blinds their future,
thanks to their romance in their comfort zones, till they realize, the competition
in terms of newer products and services could mesmerize the ‘mindsets’ of the
customers and thus ‘wash away’ their own brand value in shorter periods than
expected. Such short notices could be even a couple of days. Absence of market
research and insensitivity to future are unpardonable. They turn out to be ‘boiled
frogs’.
2. Insider issues – Some
organizations which celebrate their supremacy in the market consider their
processes and products with higher importance than the human resources that are
involved in the organization. Neglect, indifference, absence of recognition,
lack of shared vision, poor team games and lack of rewards prompt the insiders
to turn as villain invisible. The challenges of such kind are realized when it
is too late when the brand value in the market has started touching low ebbs. Unknown
internal viruses can land organizations in ICUs.
3. Poor Public Relations –
I have seen huge business empires crumbling within weeks, thanks to the
negative publicity, which sweeps the social mind leading to ideological,
strategic and political assaults on the organization downgrading them to an
extent which they might not indeed deserve. Tamed crocodiles engaged to
liquidate the brands, eager and hungry vultures waiting to salvage
organizations and anti-socials who always enjoy in destruction wherever it
happens for whatever reasons become big players using their bugles and trumpets
to make noises (not music) and even committed consumers and customers tend to
hide in oblivion, to avoid the nuisance value. And ‘the breaking news’
gatherers want to break something of utmost value to keep the fire burning.
These happen like ‘tornadoes’ or like ‘Tsunami’ – with organizations or system
finding hardly anytime to respond meaningfully. It might take several years to
reconstruct the brand or to resurface with an entirely new brand. They turn from” bulls’ to “bears” which need a
clinical subsidy
These and more call for a “Crisis Management Team” to be in
place in all institutions and organizations. Mere fire-fighting teams won’t help.
The members of the Crisis Management Teams should be
well-versed
a.
In understanding the
strategic and pragmatic management techniques in crisis.
b.
Have faith and
commitment to the brand value and its details in all dimensions.
c.
Have a high degree of
emotional intelligence to deal with most provocative situations
d.
Have the capacity to
reach out to people to restore and build confidence profiles.
e.
Spokespersons who are
trained in conversational diplomacy
f.
Who have ‘positive
mindsets’ to diffuse the negativities that cloud around them.
g.
Who represent the
confidence of the present with promises of the future.
Disaster
Management is no more an issue of ‘natural or physical or biological
environment’; it has relevance to ‘organization existence and environment’ in commercial
and human governance. Investment in such ventures is an insurance to the safety
and future of the organizations.
Greetings from the UK. I go for well-known brands, so I know I'm getting quality! I enjoyed reading. Well written.
ReplyDeleteThank you. Love love, Andrew. Bye.
So relevant and insightful now when major educational brands are under public scrutiny.
ReplyDelete