Have you heard of Smith-Corona? If you are my age or older,
you have. If you are 25 or under, you may not have. They made typewriters, a
product format that became obsolete with the advent of personal computers.
Kodak was associated with photography and film, but mostly
with film and film processing. Canon, Nikon, Olympus and others were better
known in the camera space. It was easier for film-based cameras to translate to
digital cameras than for film to translate to digital images in people’s minds.
Film became obsolete with the advent of digital photography, something that
Kodak created. And the decline of film brought about Kodak’s decline.
Admittedly, it is easier for a large ship to avoid an iceberg than for Kodak to
switch from chemistry-based operations and personnel to digital (software)
based operations and personnel. But, what if Kodak had proactively and
aggressively sought to broaden its brand’s meaning well beyond film many years
ago, not only with marketing communication but also with products, services and
other proof points?
I spent 15 years in marketing at Hallmark. While heading up
brand management and marketing for Hallmark, my personal goal was to get its
management team to view the brand beyond greeting cards to include all forms of
maintaining and building personal relationships. We redefined the brand’s
essence as “caring shared.” This expanded brand meaning would allow for “just a
little something” gifts such as candy and flowers. It would allow for
electronic greetings, romantic cruises, experiences as gifts (romantic dinners,
balloon rides, spa treatments, etc.) and other new products and services. And,
most importantly, it would allow for the brand’s survival and growth as greeting
card usage declined. I am not sure how aggressively Hallmark pursued this path,
especially after I left the company. If
it had, its revenues would have grown well beyond the $4 billion level that they
were at when I left the company. If not, they are likely to have declined.
Defining its essence as “fun family entertainment” has
allowed Disney to offer a wide variety of products and services (movies, theme
parks, themed cruises, themed communities, etc.) that make sense to the
consumer.
I have worked with Bush’s to expand the meaning of their
brand beyond “baked beans.” Methodically extending into other types of beans
will allow for years of additional growth for them.
Defining your brand as meeting a specific set of customer
needs or delivering specific customer benefits allows the brand to transcend historical
product categories and therefore extend its life indefinitely. Brands don’t
have to fade away. They only fade away if they are too closely tied to one or
more product categories that may one day prove to be obsolete.
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