REPORT

Evolved Enterprise

Transformation isn’t about digital platforms. It calls for seamless experiences and flexible organizations.

What does it mean to be an evolved enterprise?

Let’s be honest: most digital transformation efforts aren’t working. People are lost and don’t know where to begin. In fact, according to one survey, 90 percent of digital transformation projects have either fallen below planning expectations, delivered only minor improvements or altogether failed. There is a better way.

We call companies who successfully rise to meet the digital challenge evolved enterprises. Those who evolve think about digital differently. Regardless of what others have said, digital transformation isn’t about implementing digital platforms and cutting-edge technology – it’s about achieving growth by being committed to three key areas:

  • Developing transformational marketing strategies
  • Creating seamless customer experiences
  • Building smarter, faster, more flexible organizations.

To learn more about Prophet’s capabilities in helping companies develop digital transformation strategies that drive growth please read the eBook.

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Building Relevant Brands: A New Way to Win with Customers

An authentic purpose, engaging experiences and a committed corporate culture help create shared brand values.

Ever notice how some brands become part of our daily life so seamlessly that we don’t even think about them until something goes awry, like when Waze fails to detect massive roadwork, or Netflix suggests you might enjoy “Fuller House”?

At Prophet, we know that’s because these brands represent more than a product or service we buy–they’re an integral part of our lives: It’s what we call relentlessly relevant brands. Achieving this level of relevance is no easy feat given the current state of brand-building. For one thing, customers are more in control than ever, and their expectations of brands continue to rise. Technology, from mobile to wearables to Internet-embedded homes, further disrupt those expectations, allowing people to perceive and interact with brands in new ways. Brands that aren’t evolving get lost in the shuffle.

What are Relentlessly Relevant Brands?

Relentlessly relevant brands engage, surprise and connect. They are genuinely modern, finding new ways to delight and deliver. They push themselves to earn and re-earn customers’ loyalty—and they continually redefine what’s possible.

These brands have barreled through passive exposure to come to life, actively participating with customers. They use technology to be more human, creating new experiences to engage with people in ways that enrich their lives. Nike, for example, was once a brand built on bright products, colorful ads and legendary athletes. Today, it’s an ecosystem of dynamic ‘living’ experiences, like the Nike+ community, an ever-expanding universe that includes expert coaching from Nike pros, personal connections to millions of other athletes, training clubs, and valuable partnerships with the likes of Apple, Headspace and ClassPass.

The result is that Nike is one of the few brands with relevance that knows no boundaries, scoring high on our Prophet Brand Relevance IndexTM in every market we track.

How Do You Build Brand Relevance?

Building a relentlessly relevant brand starts with three essential commitments. First, brands must find a strategic purpose that creates shared value. It’s the only way to inspire people, both internally and externally. Next, companies need to engage customers through living brand experiences. And finally, brands need to be powered from the inside out through culture, capabilities, and engagement.

Let’s take a deeper look at the qualities relentlessly relevant brands have.

They Know Their Real Reason-To-Be

These brands know who they are, moving beyond positioning and into purpose. They are centered on a strategic purpose that creates shared value. This brand purpose is the fundamental binding agent between assets and aspirations of the business and customers’ motivations.

Starbucks, of course, sells coffee. But people love it for its bigger ambition, which is to inspire and nurture the human spirit, one person, one cup and one neighborhood at a time.

LEGO has long been a favorite of children for its delightfully consistent little bricks and has integrated those imaginative properties into physical retail, digital enterprises and full-length films. But all of its efforts speak to the purpose that provides so much value to parents: LEGO is inspiring and developing the builders of tomorrow.

It’s not that these brands don’t have a positioning. They do. But what gives them life is that instead of seeing positioning as a static definition of benefit, they understand purpose as fluid and participatory. They know that it’s the people drinking their coffee and building with their toys who make them what they are, and this shared purpose creates common ground. It gives customers and employees permission to build relationships that go beyond the next transaction.

That ignites innovation and growth, and also allows the company to inspire, attract and retain the best talent.

They Create Hyper-Personalized Experiences

Brands that are relentlessly relevant are those that enlarge the universe and engage customers in a living brand experience. That means constant, real-time engagement between customers and brand stewards, giving companies the ability to anticipate, adapt and respond in the context of customers’ lives. It’s what allows brands to create offers that are hyper-personalized, to leverage data in a way that extends experiences and relationships within customers’ lives and to combine human empathy with tech-enabled intelligence. As a result, every interaction delivers a greater business impact.

What makes these experiences so powerful is that they are based on the understanding that the days of either/or are behind us. These experiences are sprinting full speed into and/both. They understand that what they offer people needs to embrace the head and the heart, intelligence and emotion, data and story, and strategy and empathy.

Think of the way Disney keeps making visits to its properties more magical, by using technology to help guests unlock hotel rooms, make a playdate with Snow White, or even pay for a turkey leg. Or Spotify’s uncanny ability to follow you into an Uber, work with Tinder and Bumble to help you find better dates and cranks out playlists made up of songs you’ve never listened to but instantly love.

Customers are fiercely loyal to these experiences: When Samsung faced the massive recall of its Galaxy Note, pundits expected customers to defect in droves. The brand’s mobile phones have come back stronger than ever, precisely because people love the way they perform across devices, including smartwatches, tablets and increasingly, virtual reality.

They’re Powered From the Inside

Relentlessly relevant brands aren’t managed by a marketing team. They are powered through a company’s culture, capabilities and engagement. Because leadership is in alignment, they can catalyze change, motivate and empower employees throughout the organization to create a self-generating business, balancing customer needs and corporate goals.

Relentlessly relevant brands can drive change and quickly turn new ideas into reality. They empower the diversity of thought, customer centricity, collaboration and agility.

Chick-fil-A, for example, is a fast-growing chain of restaurants built around a culture devoted to delivering delicious food with grace, and it strives to have a positive impact on everyone it comes in contact with. It’s no surprise that on our Brand Relevance IndexTM, it scores high for trustworthiness, consistency and having a better product than competitors. From its innovative corporate test chefs, highly-engaged franchisees and hard-working hourly employees, heartfelt hospitality is as meaningful a menu item as its tasty chicken.

Southwest Airlines, the only airline to rank in the Top 50 of our U.S. Index, also recognizes that delivering outstanding customer experiences has to be a company-wide commitment. To deliver on its promise, which it sees as serving passengers with warmth, friendliness, individual pride and a sense of humor, starts with a commitment to treat its employees the same way. From ticket agents to baggage handlers to pilots, customers have come to expect a personal connection they don’t get from other carriers.


FINAL THOUGHTS

Relentlessly relevant brands are growing thriving brands. They have a meaningful role in people’s lives and earn that status each day. This is why they use purpose as the north star, engage with customers through living brand experiences and power brands from the inside through company culture. These brands are learning all the time; it’s what helps them stay relevant, find new customers, and continually reinvent themselves for the future.

View the Prophet Brand Relevance IndexTM to learn more about what it takes to be a relentlessly relevant brand.

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Finding True Brand Purpose

How marketers can find and convey true brand purpose.

When brand executives come to us with what they think is a positioning problem these days, we typically have an entirely different diagnosis. Usually, it’s a purpose problem.

Positioning around a functional or emotional benefit isn’t enough anymore, with purpose instead emerging as the heartbeat of modern brands and as a key ingredient in what makes a brand become — and stay — relevant. Brands with purpose stand for something beyond their product or service, and consumers know it. These are brands that can always answer two questions: What do we believe? And why do we exist?

Purpose has become one of the best ways to inspire people, both internally and externally. And it’s essential to creating shared value. Brands with purpose don’t just transact with people; they deliver something more, an intangible element that becomes part of an ongoing relationship.

By The Numbers

Industry research backs this assertion up, including a recent study that found that brands with a strong sense of purpose grow at rate 2x that of those that don’t. Our own Prophet Brand Relevance Index shows time and time again that components connected to how consumers interpret brand purpose propel “meaningful” brands to the top, led by the likes of Amazon, Netflix and Apple. Brands like Pinterest are beloved, while others lacking a strategic purpose may be used but lack relevance. Facebook, for instance, doesn’t even crack the top 100 in our latest ranking.

Consumers can name many coffee brands, but they know Starbucks. When they lace up their sneakers or use Nike+ to track their morning run, they believe Nike is hoping to inspire the athlete inside them.

This sense of purpose isn’t just about winning with customers. It’s the No. 1 reason millennials choose to work for a given employer, studies have found — sometimes even trumping salary. It is then through a clear purpose that companies can attract and retain exceptional talent. It’s also essential to appeal to potential partners and is the foundation for creating a meaningful experience.

Of course, this is not to say that purpose is the only thing that builds relevance, or that it immediately translates to higher sales. Brands must do many things right to succeed. But it’s increasingly clear that the brands that fare the best and are the most differentiated from their competition are those with a crystallized strategic purpose.

How To Find True Purpose

It’s important to point out that brand purpose can, and often should, be different than a corporate mission. Unilever, for example, has staked its claim on sustainability and has supported that through its portfolio of brands. But Axe’s purpose is to help guys look, feel and smell their best, while Dove strives to turn beauty into a source of confidence, not anxiety.

Some brands are lucky enough to have been based on purpose from the very beginning. Parents can buy many types of toys, but their favorites are likely Fisher-Price because they share the belief that play is learning, or LEGO, which sees all children as the builders of tomorrow. Others, such as Ford, GE and Bank of America, have reshaped their purpose to hold more meaning for today’s audiences.

Centering your brand on a strategic purpose isn’t easy, but the intersection of a few lenses can put you well on your way to achieving this goal:

  • Societal impact — where does the world need help and you can make a difference?
  • Major capabilities — what are you good at beyond the products and services provided?
  • Passion point — what is your organization most passionate about?

The first step when examining these issues is to ask the question that goes to the heart of a brand’s sense of itself: What do we believe? It’s the value closest to the center of an enterprise, one so fiercely held that it sets it apart from peers. Many companies believe in being good corporate citizens. Only State Farm believes in being a good neighbor.

Put in simpler terms, how does your brand see the world? What makes that viewpoint different?

Examining Tough Questions

The second question marketers need to answer is harder: Why does our brand exist?

This comes bundled with a few other points, such as what tensions do we want to do address? What experiences do our customers love or couldn’t live without? What do our employees think we do best? A purpose is only valid if it’s known, shared and prized by everyone within and around the enterprise — from potential employees to core customers to investors.

Answering this second question is a logical leap from the first. Bank of America, for example, believes in the power of meaningful connections. Its reason for existing is connecting individuals, families and businesses to make their financial lives better. GE’s core belief is that with imagination, anything is possible. It exists to use that imagination to invent the next industrial era, one that will build, move, power and cure.

“How does your brand see the world? What makes that viewpoint different?”

Answering this second question also delves into the ways your organization delivers on promises. A commitment to purpose, once crystallized and communicated to all parts of the organization, is what inspires a steadily evolving array of services and products.

Following Through

Once the answers to those two questions have been synthesized and articulated into a clear and succinct brand purpose, that purpose needs to be infused in several ways throughout the organization. The smallest details matter, but so do high-level strategies. In 2014, CVS stunned many observers with its decision to stop selling tobacco products. It told customers it needed to do this to better deliver on its purpose of striving “to improve the quality of human life.”

In hindsight, the retailer had to make that call in order for employees, customers and business partners to take its commitment seriously.

Finally, it’s essential to continually validate your brand’s purpose. While purpose reflects deep and enduring values that shouldn’t change much over time, it’s still essential to track the purpose of competitors. Without finding new ways to engage customers through living brand experiences, competitors can hijack your purpose and take customers with them. Is the purpose still clear and evident in every way? Are there new ways it can be conveyed more meaningfully?

Preserving Relevance

By the same token, brands need to continually take the pulse of core consumers and stakeholders, monitoring shifts in the way they interpret purpose. Many concerns about sustainability, for example, have evolved to be as much about people as the planet, expanding the purpose to address issues of fair trade and human rights.

Great care must be paid to delivering on brand purpose. Ingredient scandals are destructive for all food brands, for example, but they’re crippling for those positioned as especially healthy. And while Volkswagen has bounced back from #dieselgate, the damage was precisely because the fraud involved faked emissions results, negating its purpose of environmentally-sound engines. Consumers virtually always dislike bad corporate behavior, but they’re especially fierce in punishing what they perceive as brand hypocrisy.

This article was originally published on marketingdive.com.


FINAL THOUGHTS

Is a strong purpose enough to make a brand soar? No. But combined with a commitment to creating living, evolving brand experiences and the recognition that brands must be powered from the inside out through culture, capabilities and engagement, it’s an essential ingredient of relevance. And in today’s fast-moving world, that’s the currency that matters most.

Brand Equity – Brand Value_1_A

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Driving Brand Relevance

Building Relevant Brands: A New Way to Win with Customers

Ever notice how some brands become part of our daily life so seamlessly that we don’t even think about them until something goes awry, like when Waze fails to detect massive roadwork, or Netflix suggests you might enjoy “Fuller House”?

At Prophet, we know that’s because these brands represent more than a product or service we buy–they’re an integral part of our lives: It’s what we call relentlessly relevant brands. Achieving this level of relevance is no easy feat given the current state of brand-building. For one thing, customers are more in control than ever, and their expectations of brands continue to rise. Technology, from mobile to wearables to Internet-embedded homes, further disrupt those expectations, allowing people to perceive and interact with brands in new ways. Brands that aren’t evolving get lost in the shuffle.

What are Relentlessly Relevant Brands?

Relentlessly relevant brands engage, surprise and connect. They are genuinely modern, finding new ways to delight and deliver. They push themselves to earn and re-earn customers’ loyalty—and they continually redefine what’s possible.

These brands have barreled through passive exposure to come to life, actively participating with customers. They use technology to be more human, creating new experiences to engage with people in ways that enrich their lives. Nike, for example, was once a brand built on bright products, colorful ads and legendary athletes. Today, it’s an ecosystem of dynamic ‘living’ experiences, like the Nike+ community, an ever-expanding universe that includes expert coaching from Nike pros, personal connections to millions of other athletes, training clubs, and valuable partnerships with the likes of Apple, Headspace and ClassPass.

The result is that Nike is one of the few brands with relevance that knows no boundaries, scoring high on our Prophet Brand Relevance IndexTM in every market we track.

How Do You Build Brand Relevance?

Building a relentlessly relevant brand starts with three essential commitments. First, brands must find a strategic purpose that creates shared value. It’s the only way to inspire people, both internally and externally. Next, companies need to engage customers through living brand experiences. And finally, brands need to be powered from the inside out through culture, capabilities, and engagement.

Let’s take a deeper look at the qualities relentlessly relevant brands have.

They Know Their Real Reason-To-Be

These brands know who they are, moving beyond positioning and into purpose. They are centered on a strategic purpose that creates shared value. This brand purpose is the fundamental binding agent between assets and aspirations of the business and customers’ motivations.

Starbucks, of course, sells coffee. But people love it for its bigger ambition, which is to inspire and nurture the human spirit, one person, one cup and one neighborhood at a time.

LEGO has long been a favorite of children for its delightfully consistent little bricks and has integrated those imaginative properties into physical retail, digital enterprises and full-length films. But all of its efforts speak to the purpose that provides so much value to parents: LEGO is inspiring and developing the builders of tomorrow.

It’s not that these brands don’t have a positioning. They do. But what gives them life is that instead of seeing positioning as a static definition of benefit, they understand purpose as fluid and participatory. They know that it’s the people drinking their coffee and building with their toys who make them what they are, and this shared purpose creates common ground. It gives customers and employees permission to build relationships that go beyond the next transaction.

That ignites innovation and growth, and also allows the company to inspire, attract and retain the best talent.

They Create Hyper-Personalized Experiences

Brands that are relentlessly relevant are those that enlarge the universe and engage customers in a living brand experience. That means constant, real-time engagement between customers and brand stewards, giving companies the ability to anticipate, adapt and respond in the context of customers’ lives. It’s what allows brands to create offers that are hyper-personalized, to leverage data in a way that extends experiences and relationships within customers’ lives and to combine human empathy with tech-enabled intelligence. As a result, every interaction delivers greater business impact.

What makes these experiences so powerful is that they are based on the understanding that the days of either/or are behind us. These experiences are sprinting full speed into and/both. They understand that what they offer people needs to embrace the head and the heart, intelligence and emotion, data and story, and strategy and empathy.

“What gives them life is that instead of seeing positioning as a static definition of benefit, they understand purpose as fluid and participatory.”

Think of the way Disney keeps making visits to its properties more magical, by using technology to help guests unlock hotel rooms, make a playdate with Snow White, or even pay for a turkey leg. Or Spotify’s uncanny ability to follow you into an Uber, work with Tinder and Bumble to help you find better dates, and cranks out playlists made up of songs you’ve never listened to but instantly love.

Customers are fiercely loyal to these experiences: When Samsung faced the massive recall of its Galaxy Note, pundits expected customers to defect in droves. The brand’s mobile phones have come back stronger than ever, precisely because people love the way they perform across devices, including smart watches, tablets and increasingly, virtual reality.

They’re Powered From the Inside

Relentlessly relevant brands aren’t managed by a marketing team. They are powered through a company’s culture, capabilities and engagement. Because leadership is in alignment, they can catalyze change, motivate and empower employees throughout the organization to create a self-generating business, balancing customer needs and corporate goals.

Relentlessly relevant brands can drive change and quickly turn new ideas into reality. They empower diversity of thought, customer centricity, collaboration and agility.

Chick-fil-A, for example, is a fast-growing chain of restaurants built around a culture devoted to delivering delicious food with grace, and it strives to have a positive impact on everyone it comes in contact with. It’s no surprise that on our Brand Relevance IndexTM, it scores high for trustworthiness, consistency and having a better product than competitors. From its innovative corporate test chefs, highly-engaged franchisees and hard-working hourly employees, heartfelt hospitality is as meaningful a menu item as its tasty chicken.

Southwest Airlines, the only airline to rank in the Top 50 of our U.S. Index, also recognizes that delivering outstanding customer experiences has to be a companywide commitment. To deliver on its promise, which it sees as serving passengers with warmth, friendliness, individual pride and a sense of humor, starts with a commitment to treat its employees the same way. From ticket agents to baggage handlers to pilots, customers have come to expect a personal connection they don’t get from other carriers.


FINAL THOUGHTS

Relentlessly relevant brands are growing, thriving brands. They have a meaningful role in peoples lives and one they need to earn each day. This is why they use purpose as the north star, engage with customers through living brand experiences and power brands from the inside through company culture. These brands are learning all the time; it’s what helps them stay relevant, find new customers, and continually reinvent themselves for the future.

View the Prophet Brand Relevance IndexTM to learn more about what it takes to be a relentlessly relevant brand.

Brand Equity – Brand Value_1_A

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Signature Stories and B2B Branding

Business customers crave stories, just as consumers do. Give them narratives that are authentic and intriguing.

In my book “Creating Signature Stories,” the power of storytelling is applied to strategic messaging to energize, persuade and inspire. The use of signature stories is particularly relevant to B2B firms because their customers are buying a relationship with an organization and communicating organizational values and a brand vision with authenticity is critical.

However, the nature of signature stories and the process of developing and using them is different for B2B firms. Which raises the question: What are the challenges of using signature stories in B2B firms and how can they be addressed?

Creating Great B2B Signature Stories

In B2B, especially when external commination is involved, customer success stories are often the best vehicles for signature stories. This leads to three specific challenges. The first is to find or create signature stories that are truly intriguing, authentic and engaging. The second involves story overload. It’s important to make sure you don’t have too many stories and overwhelm your audience. Third is to create an organizational structure and process to find and use signature stories.

Make them intriguing

In a B2C context, it is easier to find stories with emotion, tension and connection with characters. In contrast, B2B customer success signature stories tend to be more oriented to functional benefits and processes. To become intriguing, look for ways to dramatize the problem description, the solution or the outcome.

  • Problem. The context might be so dire that it intrigues. Lou Gerstner’s turn-around story started with a failing IBM that was going to be split into seven firms. There was a “how can this be fixed?” feel that intrigued me.
  • Solution. A solution that is dramatically creative grabs your attention. One of Prophet’s customer stories showcases how T-Mobile redefined the industry with its Un-carrier strategy. In an industry with little differentiation and disliked policies, the new strategy shocked the entire category.
  • Outcome. An outcome that is quantified and eye-opening can intrigue. In 2012, Barclays was one of the least trusted brands in one of the least trusted industries. The company used stories to improve its image. By showing improvement in trust and other relevant measures of 35% and more in comparison to prior fact-based efforts that made zero impact, they created a macro story that attracted attention.

Be authentic

The audience should not feel like they are being sold to when reading or hearing your story to the point where they say, “I understand why you want me to learn about this case because it showcases what you do, but it provides no information that would help or interest me.” The story needs to be strong enough to divert your thoughts away from feeling that this is another selling effort.

“Having many signature stories can provide freshness, energy, visibility, depth, breadth and texture.”

The authenticity and “being intriguing” challenges become greater when the customer resists allowing you to dramatize or at least tell the complete problem story, the process behind the solution, or the numbers behind the outcome. They might be embarrassed about the problem or feel there are trade secrets at risk. The result can be a shallow story with the punch removed. A watered-down story is not going to have an impact.

Be relevant

People’s ears perk up if the story is similar to or resonates with their problem, their industry, or a firm like theirs. Having many stories available will increase the chances of having one – or several – that are relevant to your audience. Just be careful not to get to the point of story overload.

Signature Story Overload

Having many signature stories can provide freshness, energy, visibility, depth, breadth and texture. But there is a tipping point after which there are too many stories for employees to manage or for customers to grasp.

What can be done about overload?

  • Screening. Put simply, some stories don’t qualify as great or useful. Those should not make the list or are candidates for removal.
  • Prioritize. For Prophet, a few signature stories rise to top because of their content, which intrigues and reinforces their strategic message.
  • A composite story. Sometimes a composite story that incorporates some of the experiences of several customers can work.
  • Synergy. Together, a group of overlapping stories should provide more depth and impact than any single story can do on its own. That means thinking of a story’s role in a signature story cluster.
  • A story bank. A story bank that is easily accessible with stories coded so that those needing a story can find the one most relevant can help make the multiple stories an asset.

Organizational Support

Signature stories do not just appear, especially in B2B firms. They are born through a process that needs to involve both motivation and organizational support.

Motivation

Motivation comes from expectations driven by the culture, with recognition programs and performance evaluations. It can involve contests. Mobil, before its merger with Exxon, had a contest to find the best stories around three values: leadership, partnership and trust. The winners got to be on the infield in the Indy 500. There were over 300 entrants and a host of great signature stories emerged.

A signature story organizational unit

An organizational team or person charged with curating, evaluating and refining signature stories can be the place an employee turns to when a potential signature story surfaces. They can also take on the roles of “reporters” and seek out signature stories. With designers, videographers and editors this person can refine stories, provide and execute presentation options and find outlets such as podcasts, trade press, video media outlets as well as internal communication opportunities.


FINAL THOUGHTS

B2B firms have their own unique characteristics for creating an organization where signature stories can thrive, it’s all about identifying and utilizing them.

For more information, look to my book “Creating Signature Stories.”

PODCAST

The Prophet Way of Utilizing Brand Storytelling to Engage With Audiences

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How to Create Strong Signature Stories

The best stories grab attention and don’t let go, with interesting characters and intriguing details.

What makes an effective signature story – is it one that attracts attention, connects, communicates, is remembered and changes behavior in some way? There is no checklist of story attributes: each great story has its own content and style that come together to impact the listener. However, the definition of a signature story, an intriguing, involving narrative with a strategic message, provides some guiding questions.

Is the Signature Story Intriguing?

Does it grab your attention? Is it thought-provoking, novel, informative, inspiring, exceptionally relevant, humorous and/or awe-creating? If it does not score highly on one or more of these dimensions, it will not gain attention and is thus not a good candidate for a signature story.

“Each great story has its own content and style that come together to impact the listener.”

Consider the story that begins,  “It was a drab and rainy day in mid-May 1931 when the 28-year-old Neil McElroy, the advertising manager of P&G’s Camay soap, sat down at his Royal typewriter and wrote perhaps the most significant memo in modern marketing history.”  Doesn’t that perk up your ears? Why the memo? Why was it important? Who is this guy? What happened to him?  You are instantly drawn in.

Is the Signature Story Authentic?

Do the settings, characters and challenges feel real? Or is the story likely to be perceived as phony, contrived or a transparent selling effort? Is there substance behind the story and its message?

A Skype signature story features Sarah from Indiana and Paige from New Zealand, each born without half of a left arm. Their mothers wanted them to get to know each other, but how do you have a relationship when so far apart? The solution is to use Skype to connect daily so the girls could share their experiences and create a deep friendship. Skype later brought the two girls to New York, where they had an emotional meeting. The authenticity of Sarah and Paige and their story helped to build an emotional response.

Is the Signature Story Involving?

Does it draw people in? Does it make you care? Does a story stimulate a cognitive response, such as a belief change, or an emotional response, such as feelings of warmth or awe? Will it cause the viewer to act—maybe by passing along the story to others? A weak, shallow signature story is likely to result in a passive audience.

Knorr was trying to determine flavor preferences and asked people to have a foodie date with someone they had not previously met, but who had a similar flavor personality as measured by a flavor profiler. The proviso was that they had to feed their partners – no eating on their own. A video of seven participating couples offered fun, humor and many tender moments, and helped generate 100 million views. The audience was drawn into the awkward meeting, the test and the resulting relationships, ultimately creating a signature story for the brand.


FINAL THOUGHTS

In addition to being intriguing, authentic and involving, most strong signature stories are indeed stories instead of facts, have a strategic message, and link back to the brand. Beyond that, they pop on one or more key story elements such as empathetic characters, emotion, tension, surprise, or a challenge to be overcome and are presented with flair and professionalism.

For more details, be sure to check out my book Creating Signature Stories.

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Activating Brand Relevance

It requires centering brands on a strategic purpose to create shared value and engaging brand experiences.

Summary

For over 100 years, brands have been built a certain way. But the modern world demands something new. Prophet has played a pivotal role in shaping brand strategy – it’s our heritage and our future. We set out to answer the question, “What does it take to build a relentlessly relevant brand?”

Here’s our answer. Relentlessly relevant brands engage, surprise and connect. They push themselves to earn and re-earn customers’ loyalty—and they continually redefine what’s possible.

Relevant brands:

  1. Center brands on a strategic purpose to create shared value
  2. Engage customers through living brand experiences
  3. Power from the inside through culture, capabilities and engagement

Learn about building a relentlessly relevant brand and see where your company ranks by analyzing our latest Prophet Brand Relevance Index™.

Approach

Building a relentlessly relevant brand starts with three essential commitments:

  1. Brands must find a strategic purpose that creates shared value. It’s the only way to inspire people – employees and customers alike.
  2. Companies need to engage customers through living brand experiences. Brands are no longer one-dimensional. They are living, purpose-driven systems that deliver humanized experiences, leveraging empathy and technology.
  3. Brands need to be powered from the inside out through culture, capabilities, and employee engagement. After all, at the center of building brand relevance are the heads, hearts and hands responsible for shaping and delivering it – employees.

Learn about building a relentlessly relevant brand and see where your company ranks by analyzing our latest Prophet Brand Relevance IndexTM.


Brand Equity – Brand Value_1_A

REPORT

The Healthcare Shift: The Transformation to Customer-Centricity

Patients want to be treated as participants in their health. They need to be empowered, engaged and enabled.

The Transformation to Consumer Centricity

Today’s healthcare world belongs to the ‘e-consumer’. The ‘e-consumer’ is the result of increased access to information, enhanced consumer experiences in other industries and uncontrollable rises in healthcare costs.

‘E-consumers’ need to be treated as powerful participants in their own health in partnership with healthcare organizations. They need to be empowered, engaged, equipped and enabled. For the e-consumer, moments of health are just as important as moments of sickness.

To create empowered, engaged, equipped and enabled consumers, healthcare organizations must develop products, services and experiences that align with consumer needs. The only way to do this is to become consumer-centric. Consumer centricity in healthcare requires that every team, service line and department exist to serve the consumer in a remarkable way, at every stage of the healthcare journey.

To understand what the healthcare industry is currently doing and can to do to reshape itself, Prophet conducted in-depth interviews with over 60 organizations around the globe, including large hospital systems, payers and pharmaceutical, medical device and digital health companies in the U.S., Asia and Europe.

During our conversations, Prophet set out to understand what these organizations are currently doing to be consumer-centric, where they would like to be in the future and the challenges they face in getting to their ideal state. From these interviews, Prophet identified five key shifts that organizations can make now to become more consumer-centric tomorrow. The shifts are universal to transformation, spanning the entire healthcare ecosystem and geographies around the world.

Our research revealed that not enough organizations have begun to make these shifts, and those who have started, haven’t made significant progress. In fact, less than 15 percent have made full progression on any of these necessary changes, revealing a massive opportunity for improvement.

Our most recent research has uncovered how payers, providers and pharma can accelerate their transformation to become more consumer-centric. Download the category research:


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BEANCAST 488: BAGALLSY

7 min

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A Higher Brand Purpose Unleashes Signature Stories

Few brand stories have the power of Lifebuoy’s “Help a Child Reach 5.”

Signature stories help organizations with a higher purpose (a purpose beyond just increasing sales and profits) in two ways. First, signature stories communicate the higher purpose and its programs to employees and customers, an increasingly important and difficult job. Second, the stories serve to provide needed visibility, energy and brand enhancement to organizations that have trouble breaking through when talking about their offering.

Most organizations have realized that they need a higher purpose-built into or alongside their business purpose. Employees, especially millennials, need a reason to come to work besides increasing sales and profits and getting a paycheck. They want to respect and admire their firm and want their jobs to provide meaning in their lives. A higher purpose can address these needs—and bolster productivity—by offering an energizing common goal.

Customers, too, want to have a relationship with brands and organizations they respect because of shared values and meaningful programs that address social or environmental challenges. When the shared beliefs are strong, these customers impact the marketplace with their loyalty and support.

“When the shared beliefs are strong, these customers impact the marketplace with their loyalty and support.”

The challenge is not only to create a higher purpose with supporting programs but to communicate it to employees and customers. A signature story can do that better than a factual description because it connects emotionally which strengthens the message and relationship.

A second challenge is to elevate the visibility, energy and perceptions for the brand, a difficult and sometimes impossible task when the offering is not newsworthy, and very few are. It was always hard to make a branded soap, bank, or airline interesting.  In a time of media clutter and audience control of content, it becomes even more challenging. A higher purpose and associated programs can provide stories that can break through, can touch with emotion, can create high levels of visibility and energy, and can even inspire employees and customers. It is hard to create impactful stores in the absence of a higher purpose.

How Lifebuoy’s Higher Purpose Made an Impact

Consider Lifebuoy, a leading soap brand in much of the world, with a higher purpose of reducing childhood fatalities from water-borne illnesses by changing handwashing habits. Their “Help a Child Reach 5” program was rolled out with dozens of events and promotions. Schoolchildren in class, for example, received child-friendly materials including comics, songs, games and rewards, to help them sustain effective handwashing habits. The phrase “Did you wash your hands with Lifebuoy today?” was placed on over 2.5 million pieces of roti, a flatbread, during a Hindu holiday.

Videos were made of three villages that were early participants of the program. In one video, we are introduced to Utari, a woman who spends time near a tree. She waters it, dances next to it, shoos water buffalo away from it, places a ribbon around it and stays with it into the night when others are otherwise engaged. Why? In the middle of the video, her husband reminds her that tomorrow is a big day—her son will turn 5. Then we learn that it is a village custom to mark a tree when a child is born and to track that marking as the child grows up. After five years, many mothers have lost their child and have only the tree left. Utari is one of the lucky ones, and her celebration of the tree is a way to reflect that gratitude.

The three videos received over 44 million views and helped Lifebuoy toward its goal of changing the handwashing habits of a billion people by 2020, potentially preventing 600,000 child deaths a year. But the video also elevated the Lifebuoy brand by engendering respect, liking and a sense of shared values. The videos were powerful in part because they had an authentic central character, some curiosity-raising tension, and the backbone of an inspirational and effective program to tackle a global problem. Engaged listeners were directly connected to Lifebuoy.


FINAL THOUGHTS

The Lifebuoy Help a Child Reach 5 stories served both to communicate the higher purpose to employees and customers but added much-needed visibility, energy, and brand enhancement to a product that could easily be viewed as a commodity.

For more, see my latest book “Creating Signature Stories”.

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Barclays Regains Trust Using Signature Stories

Using stories with real-life heroes, these memorable narratives helped the bank win back skeptics.

Stories work better than facts. A set of facts are often ignored or treated as self-serving with claims that are not credible. Consider the remarkable impact of some signature stories at Barclays, which had become the least trusted brand in the least trusted industry and need to repair their image.

Barclays – How a Brand Regains Trust

Barclays is a role model for how to use stories in a brand crisis to regain trust and change the conversation. The Barclays brand, which had suffered from the 2008 financial meltdown, was later damaged by accusations that Barclays and other banks had manipulated key interest rates. The trust level for Barclays in Britain in 2012 was well below that of its competitors. It is not a stretch to conclude that Barclays was the least trusted brand in the least trusted sector in the UK. Barclays in response announced a new brand purpose: “Helping people achieve their ambitions—in the right way” and organized efforts to get their 140,000 employees on board.

Employee-Inspired Higher Purpose Programs

The newly empowered and inspired Barclays employees created and led dozens of higher-purpose programs on their own. One, the Digital Eagles, is an internal group that grew to over 17,000 employees. Its mission is to teach the public about surviving and even thriving in the digital world. Stories about how Digital Eagles projects affected real people helped shine a light on the higher-purpose initiatives at Barclays.

One story featured Steve Rich, a sports development officer, who had lost his ability to play football (soccer to Americans) because of a car accident. But he could participate in “walking football”—usually played with a team of six on a small field with no running—which enabled him to again experience the joy of the sport. Wanting to help others do the same, he decided to raise awareness of walking football and turn it into a nationwide game in Britain. With the help of Digital Eagles, Rich created a website that connected over 400 teams across the country–and connected individuals with teams. It also helped Rich get in touch with some former football mates. He is partly responsible for the growing interest the sport has generated as reflected in the emergence of a national tournament. His accomplishments and personal regeneration is inspiring indeed.

“The new campaign drove six times as much change in trust and five times as much change in consideration as the product-focused campaign that preceded it.”

Employees were inspired and energized by the programs driven by the new brand’s purpose. And customers and prospective customers changed their perceptions of Barclays. From the start of the campaign to tell signature stories about the Digital Eagles and other programs in the summer of 2014 until early 2016, trust was up 33 percent, consideration was up 130 percent, the emotional connection was up 35 percent (versus 5 percent for the category average) and “reassurance that your finances are secure” was up 46 percent. The new campaign drove six times as much change in trust and five times as much change in consideration as the product-focused campaign that preceded it. By 2015, Barclays received 5,000 positive mentions in the press.

How Do Signature Stories Persuade?

Stories get heard and change minds. More particularly, stories like those used by Barclays, persuade because they:

1. Attract attention.

When a speaker says, “Let me start with a story,” your attention shifts and focuses. But when a speaker talks in the abstract, communicating only facts without a story, your attention wanders. It just does. Customers and employees are seldom interested in your facts. Stories fare best when they are engaging from the outset, have detail that allows you to visualize and empathize, and have a fresh and intriguing storyline.

 2. Inhibit counter-arguing.

The power of the story can distract the recipient and can reduce the tendency to confront or counter the facts shared. Since the messaging isn’t contradicted or refuted, it’s more likely to be processed and accepted. As a result, storytelling is especially effective when attempting change or when softening negative positions—the task that Barclays faced.

3. Involve an authentic, credible and likeable storyteller – one who doesn’t relay dry facts.

By simply telling a story, a brand spokesperson can deliver a point without being perceived as phony, contrived or a commercial selling vehicle.

4. Allow people to deduce logic themselves.

We know from research and common sense that self-discovery is much more powerful than having people talk at you. The Barclays stories suggest to the audience about the values and priorities of the organization. The audience needs to make the leap to perceptions of trust on their own. There wasn’t anyone explicitly telling customers to trust Barclays.

5. Are remembered.

Stories are remembered more than facts because the story recipient is more attentive and involved than the same person receiving a recitation of facts. In addition, the story arc provides a way to organize information and becomes, in essence, one thing to remember rather than a set of facts.

6. Are shared.

Gaining the attention of one audience also offers the possibility of reaching others—via social media. This can multiply the exposed population—and send some stories into viral territory. Passing along a signature story also enhances its ability to gain and keep attention. You are likely to spend time with a story if someone you respect and consider unbiased is delivering and/or endorsing it. That source is often putting his or her reputation on the line, so you will probably approach the story with a positive attitude.


FINAL THOUGHTS

The difference between fact and stories to persuade is not just meaningful – it is enormous. And it has been demonstrated by hundreds, maybe thousands, of studies many of which are scientific experiments. It is one of the most established truths in psychology.

For more information, look to my newest book “Creating Signature Stories

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