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| Brand Big |
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Should a small company use branding as a part of its competitive strategy?
If you think about a brand, one which you consider to be a strong brand, the probability that this would be a global brand is pretty high.
But the most important thing from a small brands perspective is to be strong in its own defined market. Smaller brand has an opportunity to serve its customers in a more flexible and in a more creative way than its greater counterparts. Most of all that goes for small brands that live and breath closer to its customers than big, global brands.
Many of small brands have a chance to get stronger if they stop having inferiority complex against the bigger brands and start to make their brands more clear and focused, and build their brand in a new and exiting way.
It is easy to come to the conclusion that the only multinational companies build strong brands. It seems branding always can only be done through advertising and media, and big investments in media takes a lot of money.
But no, brand building is not done solely through advertising and media. But the fact is, global brands are forced to invest heavily in media due to their lack of possibilities to be present locally every where, which simply would be even more expensive.
What you are waiting for? Set your budget and start branding your business. |