What Makes an Iconic Brand?

Brands are an accepted part of our daily lives. But some brands seem to transcend their product or service categories to become part of the popular culture. What distinguishes these iconic brands from the rest of the pack, and what can marketers learn from them?

In today's world, brands are everywhere, a familiar part of daily life for most people. But a few brands, such as Coca-Cola, Nike, and McDonald's, have set themselves apart. These brands have come to represent something more than a product or service. They are embedded in our culture and our consciousness. They are icons.

Iconic brands inspire an enduring form of affection that any marketer would want for his brand. But iconic status, which has traditionally been built over decades, is enjoyed by relatively few brands. What can we learn from these brand icons that might be useful to all brand marketers today? Read the full report by WWP :

http://www.wpp.com/wpp/marketing/branding/whatmakesaniconicbrand.htm

Restoring Confidence in Brands

Long before the crisis, a number of studies showed a growing lack of trust in business and their leaders,. For example, only ¼ of the public trust them. Further on, brand importance goes also steadily down. For example, brand loyalty today is only 9%, from 40% some years ago. The crisis also showed that the notion of “Powerless State” is a myth. Society is now pressing harder for a new “corporate social contract “ and the new issues for the businesses are endless, including: regulation, environment, unions, privacy, safety, off shoring, civil society, governments as owners, consumer activists, NGOs and others. How modern corporations and brands could respond to these strategic and organizational challenges, beyond simplistic CSR, “Green Wash” practices and the recently invented by brands concept of “social missions in the supermarket shelf? See more and contribute to the debate here.