A Look At Rebranding News and Learnings

 

Rebranding Requires Change Management

Rebranding is change. It is a rallying point for your employees and a signal to your customers and the industry of a strategic pivot of the organization. It indicates that it is no longer business as usual with your company, but that you are updating your presence, your go-to-market strategy and what they can expect in terms of the experience of doing business with you. Rebranding is change and it needs change management to be successful.

 

Read our latest story on Forbes.com 

Communications in Successful Rebranding

Brand transformation requires exceptional internal and external communications. And the branding decisions do not rest alone with the marketing team. It calls upon corporate communicators to ensure their seat at the decision table and to bring our unique 360-degree view of communications strategies and audience engagement to ensure success. 

Jim Heininger recently wrote for the Public Relations Society of America (PRSA)'s Strategy & Tactics magazine on the important contributions that communications pros make to a successful rebrand. 

Read the story here.

 

Three recent announcements illustrate an interesting trend of "rebranding boomerangs", companies going back to their original name years after a rebrand:

 

Business Insider:  Online news source Insider, which decided to ditch its attempt at being a generalist news hub and return to its comfort zone, reverted back to the name Business Insider. Barbara Peng, the new CEO, shared with the Wall Street Journal that “the rebranded Business Insider will also put more emphasis on serving and attracting subscribers than generating traffic through social-media platforms.” 

 

Hill+Knowlton: PR firm Hill+Knowlton Strategies dropped "Strategies" to return to its original name, Hill+Knowlton. H&K had repositioned as Hill+Knowlton Strategies following its merger with corporate and public affairs firm Public Strategies, a common naming approach to blend the two name. At the time the rebranding was designed to reflect an increased emphasis on strategic communications advice that has a measurable impact on its client’s business objectives.

 

TNA: Impact Wrestling announced it is returning to its iconic TNA Wrestling name in January 2024. TNA Wrestling originally launched in 2002 as NWA: TNA before ditching the NWA part of its name in 2004. In 2017, the company was fully rebranded as IMPACT Wrestling and for a handful of months, was known as Global Force Wrestling. President Scott D'Amore explained the decision to go back to the TNA Wrestling name: “We still hear the ‘TNA’ chants wherever we go. Fans have longed for TNA Wrestling, so that’s what we’re bringing back in 2024: TNA Wrestling, we’re back!” It seems fans were vocal about wanting the wrestling equivalent of a throwback jersey.

Most companies underestimate the length of time it takes to rebrand. In our survey of companies who rebranded the average length was 12 months from beginning to launch.

 

Read our story on how on it takes to rebrand on Forbes.com 

Read all the findings of our study among rebranded organizations here.

Jim Heininger joined the agency Monigle for its podcast Digitally Enabled: The Human Side of Branding to speak about rebranding.

 

Listen to the podcast here. 

Download our agency Fact Sheet here. 

Book a rebranding discussion with us here. 

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