Domain 5 - Promotional Activity (13%) Flashcards
What is a brand?
- Your corporate identity
- The face that your firm presents to your clients and to the world
Why is developing a corporate identity so important?
- It creates a good first impression
- It fosters continued client loyalty
What does your brand represent?
The perceptions that both internal and external audiences have of your firm
What is the principal role of a brand?
To differentiate your firm from competitors
What is a perception survey?
A series of questions posed to partners/clients/employees that gets info that is then used to shape the company’s brand.
What is a vision statement?
An expression of what your firm aspires to be.
What is a mission statement?
It describes where the firm is going and how it plans to change your practice.
Ex) “We intend to transform our company into the most respected laboratory design firm on the West Coast.”
Difference between vision statement and mission statement?
Vision statement = what your firm aspires to be
Mission statement = where your firm wants to go and how it intends to change your practice
*A mission statement is much more directed than a vision statement.
What is a unique value proposition?
A short statement (1 or 2 sentences) that tells potential clients your area of expertise and what they’ll get when they hire you.
AKA what your firm is right now.
What is differentiation
The ways in which a product, service, or firm is different from its competitors
It’s an internal issue
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
What is an identity map?
A tool used to explore how your firm compares with your competitors
What is the difference between a Generalist and Specialist firm?
Generalist = pursues work in a number of markets Specialist = pursues work in 1 or just a few markets
What is the difference between a Client Driven firm and a Market Driven firm?
Client driven = focuses on a limited number of existing clients
Market driven = focus on growing by getting involved in 1 or more markets
What is the difference between Design vs Execution Focus?
Design focus = more concerned with design/big idea/vision
Execution focus = more concerned with completing the project successfully and meet client’s expectations
What is the difference between a Unique Player vs a “Me Too” Player?
Unique firm = distinctive approach/perspective
“Me too” firm = one of the pack
How often should your corporate identity be refreshed?
Every 5 - 10 years
What is brand architecture?
The hierarchy and relationship structure between a parent brand and its sub-brands, divisions, joint ventures, and affiliations.
What is a naming convention?
A formal structure and guidelines used to create brand names.
What is a monolithic naming architecture?
Uses one name for the branding of all entities
What is a dominant naming architecture?
Uses one brand as the lead brand with subordinate entities identified in the descriptive modifier
What is a logo-linked naming architecture?
Multiple brands that share the same symbol
What is discrete naming architecture?
Every brand is different
What is cobranding?
A type of branding that is often used in partnerships or affiliations
What is endorsed branding?
Separate brand names are endorsed by typically one other brand
What is a design system?
A graphic design system that promotes a brand’s positioning
What are the elements of a design system?
- Statement of purpose
- Statement of why graphic standards matter
- Agreement to follow the standards
- Signature standards (clear space, staging, sizing, color options)
What does a message platform do?
- Builds out the brand positioning by identifying individual target audiences
- Identifies which attributes in the firm’s brand positioning are the most compelling
- Provides appropriate “proof points”
Also allows you to “bend” the brand positioning without breaking it (tailoring it your message to different audiences)
What is a proof point?
Words or phrases that give the specific audience permission to believe the firm’s assertion
AKA tailoring your wording/phrasing based on your audience
Why do you need to create a brand standard?
To help your brand send consistent messages
What is a communications plan?
A written document that describes:
- what you want to accomplish with your communications,
- ways in which those objectives can be accomplished
- to whom the communications will be addressed
- how you will accomplish it
- how you will measure the results
It’s an extension of your firm’s strategic and marketing plan
How do you measure the results of your communications plan?
It’s not that black and white. Instead of measuring whether you accomplished your marketing goal, measure instead whether you’ve met your communications objectives.
What happens after you implement a communications plan?
You should conduct another random survey of potential clients to measure:
- % that is aware of your company and its services
- whether your campaign has established a preference for a particular service
What an excellent source of secondary research about your clients?
The professional associations that they belong to
What is a target audience?
The group of people most likely to buy your product/services