Wednesday, March 18, 2009

Enduring Brands

Enduring brands have three elements: Relevance, Context and Mutual Benefit. I wrote about this in my book Brandscendence in 2004 and the principles still hold true.

Relevance is the organization's or product's (service's) enduring reason for existing - it's ongoing relevance to customers.

Context is the cultural or economic circumstance in which the brand appears - and adapts to a changing competitive landscape over time.

Mutual benefit is the perceived goodwill both the customer and company see in each other - and is a multiplier effect to nurture future interactions.

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