A Look At Rebranding News and Learnings

 

Rebranding in 2023 Provides Teachable Moments

From faceplants to triumphs to boomerangs, rebranding as a growth strategy has taken some interesting turns in 2023. The lessons are widespread on new ways rebranding is utilized in acquisitions and spinoffs to the highly visible example of how not to rebrand.

 

Each December our team looks at the trends from the year and how they'll influence decisions in the coming year. For the past four years our story runs on Forbes.com and we invite you to read it in the link below.

 

Read our 2023 assessment on Forbes.com 

 

Read previous year's assessments:

 

2022 Rebranding Trends That Will Guide 2023

Key Rebranding Trends To Watch In 2022

From Fearless To Facing Pressure: 2020 Disrupts Rebranding Trends

Rebranding Became Fearless In 2019: Here's What To Expect In 2020

 

Hear Jim Heininger's interview on trends for the past year.​

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A Rebranding Lesson from Time Magazine's Person of the Year

 

In the Time Magazine profile on Taylor Swift, you learn valuable insights on how she created one of the biggest brands on the planet....herself. What's interesting for rebranding fans are the interesting shifts that the mega star made over her career following setbacks, disappointments and attempts to cancel her.

 

It was around that time, Swift remembers now, that she began trying to shape-shift. “I realized every record label was actively working to try to replace me,” she says. “I thought instead, I’d replace myself first with a new me. It’s harder to hit a moving target.” Swift wrote songs solo, incorporated diverse sonic influences, and placed more clues about personal relationships in her lyrics and album materials for fans to decode.

 

"It's harder to hit a moving target."

 

Brands that stay constant, stagnant and unchanging are easy targets for their competitors. Your rivals can easily reshape your tired narrative and use it as a competitive threat against you. Your products and services should be ever evolving to better performing for customers, why not your brand too? A brand is not something that create and forget, it takes constant nurturing. That's why forward-looking brands regularly update their story and visual identity. If you are on the move, it's easier to keep competitors scrambling to keep up.

When rebranding it is critical that you connect the dots between your new brand and the company's vision, mission, values and purpose statements. It's a time to review and update those foundational statements. It is disappointing that only 56% of companies took this important step.

 

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

Jim Heininger joined business strategist Marcia Riner on her PROFIT With A Plan podcast to talk about how and why to refresh Your brand.

 

Listen to the podcast here. 

Download our agency Fact Sheet here. 

Book a rebranding discussion with us here. 

Read previous newsletters here:

November 2023

October 2023

September 2023

August 2023

July 2023

June 2023

May 2023

April 2023

March 2023

February 2023

January 2023

December 2022

November 2022

October 2022

September 2022

August 2022

July 2022

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