Brand mythology by Joseph Shiffin Joy
Transcript of Brand mythology by Joseph Shiffin Joy
ObjectivesPeople identify strongly with cultural icons and often rely on these symbols in their everyday lives. The objective of the paper is a comparative look at how these brands enshrine themselves within the cultural fabric of society and the winning strategies these brands use to become icons.
A Great Brand
1. Is in it for the long haul
2. Can be anything
3. Knows itself.
4. Invents or reinvents an entire category
5. Taps into emotions
6. Is a story that's never completely told
7. Has design consistency.
8. Is relevant.
Customer’s value products for as much as what they symbolize as for what they do. For brands like Coke, Budweiser, Nike, and Jack Daniel's, customers value the brand's stories largely for their identity value.
Acting as vessels of self-expression, the brands are imbued with stories that consumers find valuable in constructing their identities. Consumers flock to brands that embody the ideals they admire, brands that help
them express who they want to be. The most successful of these brands become iconic brands.