Brand Rewired E-Book

Anne H. Chasser

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 323

Veröffentlichungsjahr: 2010

Beschreibung

Discover how the world's leading companies have added value to their company by rewiring the brand creation process Brand Rewired showcases the world's leading companies in branding and how they have added value to their company by rewiring the brand creation process to intersect strategic thinking about intellectual property without stifling creativity. * Features interviews with executives from leading worldwide companies including: Kodak, Yahoo, Kraft, J.Walter Thompson, Kimberly Clark, Scripps Networks Interactive, the Kroger Company, GE, Procter & Gamble, LPK, Northlich and more * Highlights how to maximize return on investment in creating a powerful brand and intellectual property portfolio that can be leveraged economically for many years to come * Reveals how to reduce costs in the brand creation and legal process * Illustrates how a brand strategy intersecting with an equally powerful intellectual property strategy produces a greater economic return and more rewards for the brand project leaders Innovative in its approach, Brand Rewired shows you how how leading companies are abandoning the old school research-and-development-driven innovation philosophy and evolving to a Brand Rewired approach of innovating at the consumer level, using multi-disciplinary teams to build a powerful brand and intellectual asset to maximize return on investment.

Leseprobe

Table of Contents

Title Page

Copyright Page

Dedication

Preface

Definitions

Acknowledgements

CHAPTER 1 - The Billion-Dollar Question

The Evolution of the Silo—Rewired

What’s Ahead?

Chapter Highlights

CHAPTER 2 - Value Is in the Eye of the Beholder

Driving Trends in Intellectual Asset Valuation—Why It Matters to You

When and How Intellectual Assets Are Valued

Increasing the Return on Investment of Your Next Project

Want Your Brand Listed as a Top 100 Brand?

Chapter Highlights

CHAPTER 3 - Designing in IP

The Creative Process

Product Packaging and Product Design

Name and Logo Design

Campaign and Connection to the Consumer

Culture

Chapter Highlights

CHAPTER 4 - The Influencers

Consumer-Based Insights

Content as Marketing

Cost of Litigation, Risk, and Uncertainty

The Dilution Dilemma

Limited Budgets

Chapter Highlights

CHAPTER 5 - The Black Box

A Fictional Case Study—Emerson Jones

Research and Development

Marketing and Advertising Campaign

Public Relations and Investor Relations

Avoiding Costly Lawsuits

Return on Investment

Chapter Highlights

CHAPTER 6 - I ntegrating a Brand Rewired Process

The Environment and Incentives

The Innovation Process

Implementation

A Do-Over for Emerson Jones

The Leadership

Chapter Highlights

CHAPTER 7 - The Brand Maestro

The Brand Maestro Job Description

The Intellectual Asset Strategy

How to Get Started in Your Organization

Chapter Highlights

CHAPTER 8 - The Thought Leaders

General Mills

Procter & Gamble

Kraft Foods

Kimberly-Clark

Kodak

Harley-Davidson

Yahoo!

Intel

Scripps Networks Interactive

Libby Persyk Kathman (LPK)

Northlich (Brand Engagement Agency)

In terbrand (Branding Consultancy)

The Entrepreneurial Journey

EPILOGUE

APPENDIX A - Discussion Questions

APPENDIX B - About the People Interviewed in This Book

APPENDIX C - Mutual Nondisclosure Agreement

APPENDIX D - Sample Questionnaire for Planning Sessions

APPENDIX E - Team Meeting Agenda

APPENDIX F - Sample Intellectual Asset Strategy Document

APPENDIX G - List of Trademarks

References

About the Authors

Index

Copyright © 2010 by Anne H. Chasser and Jennifer C. Wolfe. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, [phone], fax [phone], or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, [phone], fax [phone], or online at http://www.wiley.com/go/permissions.No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, [phone], fax [phone], or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, [phone], fax [phone], or online at http://www.wiley.com/go/permissions. [phone], or online at http://www.wiley.com/go/permissions.

Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Brand Rewired™ is a registered trademark of Jennifer Wolfe.

Designations used by companies to distinguish their products are often claimed as trademarks. In all instances where John Wiley & Sons, Inc., is aware of a claim, the product names appear in initial capital or all capital letters. Readers, however, should contact the appropriate companies for more complete information regarding trademarks and registration.

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Library of Congress Cataloging-in-Publication Data:

Chasser, Anne H.

Brand rewired: connecting intellectual property, branding, and creativity strategy / Anne H. Chasser, Jennifer C. Wolfe. p. cm.lectual property, branding, and creativity strategy / Anne H. Chasser, Jennifer C. Wolfe. p. cm.

Includes bibliographical references and index.

ISBN 978-0-470-57542-0 (cloth/website)

1. Product management. 2. Branding (Marketing) 3. Intellectual property. 4. Strategic planning. I. Wolfe, Jennifer C. II. Title.lectual property. 4. Strategic planning. I. Wolfe, Jennifer C. II. Title.

HF5415.15.C46 2010 658.8’27—dc22

2010003828

We dedicate this book to Tom and Wolfie. Thank you for your love, support, and friendship.

Preface

This book is written for marketing, branding, and innovation leaders interested in improving the long-term return on investment of their branding and innovation plans. Whether you work in a large corporation, an agency environment, or an emerging or entrepreneurial company, if you are looking for a new way to add value to your innovation or branding process, this is the book for you.

To provide background on how this came about, in the fall of 2008, we began sharing stories on the innovation trends we continued to see in the intellectual property, venture capital, and entrepreneurial community. We found the discussion related to innovation and collaboration was centered on technology, research, development, and the creation of patents. There was limited discussion on the development of brands, trademarks, and other intellectual assets in the scope of innovation and intellectual property strategy.

Further, despite the widespread adoption of open innovation and collaboration as a way of thinking in contemporary business, there was still resistance to working as an interdisciplinary team with a shared vision. We continued to see silos and fiefdoms dominating day-to-day business with many touting the importance of collaboration, but few incorporating it into everyday practice.

We were certain that some companies were thinking about these issues and incorporating intellectual property strategy into the branding and innovation process. It seemed obvious to us that brands were critical to the success of most products and services. And protecting the brand with the right intellectual property is the key to capitalizing on that success over a long time. Every aspect of the way the consumer sees, touches, feels, and hears about the product is what really matters, particularly if it can be protected and last forever. It ’s not that technology isn’t important, but it is only one piece of the puzzle.

With a shared interest in the subject, we started a literature review. We quickly learned that the landscape is saturated with traditional marketing and branding processes with varying twists and metaphors. In fact, a quick Amazon search of the key word branding produced more than 50,000 results at the time. There is no shortage of books written by and for marketing and branding professionals. Likewise, there is a proliferation of intellectual property or intellectual asset management books typically written by lawyers for other lawyers. And, in the open innovation sector, there is also a plethora of literature; however, it often focused on the research, development, and technology silo rather than bridging the gap into branding.

Intrigued, we set out to conduct preliminary interviews with innovation leaders at some of the world’s biggest brands. Our goal: to test our theory that forward-thinking companies are finding ways to intersect strategic thinking about intellectual property with branding and innovation. Further, that doing so will result in a greater return on investment.

And so, our thesis was formed: If companies design into the innovation and brand development process strategic thinking about intellectual property, there is a longer term return on investment.

In Brand Rewired, we focus on the world’s leading brands, interviewing their business leaders, innovators, and intellectual property strategists to learn how they are innovating, setting strategy, and achieving their end game. We interview the economists and valuation experts who place an economic value on brands in licensing and mergers and acquisition activity. Their quotes can be found throughout this book. We then build upon those trends and add another way of thinking about the branding process—a Brand Rewired.

Definitions

In our writing process, there are a few terms we used that we thought may be worth defining at the outset.

Brand Rewired: Design intellectual property strategy into the innovation and creative brand process from the beginning through the use of collaborative, multidisciplinary teams.

Brand Maestro: An executive leader responsible for facilitating the execution of branding and innovation plans to maximize return on investment while building powerful intellectual asset portfolios for the company. The Brand Maestro will possess a working understanding and knowledge of finance, marketing, intellectual property, consumer insights, risk management, corporate culture management, and group communication.

This leader may already exist in many organizations, but needs empowerment from top leadership to cross over various departments in order to create a profound and long-lasting impact on the branding strategy of the company.

Innovation 3.0: Innovation expands beyond new technologies and open innovation in the Research and Development department into the creation of new product lines, new brands, and new market spaces through intellectual asset strategy. Innovation 3.0 creates value while invention creates things.

New Economy 2010: New Economy in the late 1990s to early 2000s was all about businesses obtaining large cash infusions to rapidly build a web site or technology to leverage an exploding new market space. In 2010, it means streamlined overhead, reduced costs, more use of outside experts and outside resources, open and collaborative innovation, and consumer-driven products and services.

Acknowledgments

This journey began with a casual conversation and it continues, thanks to support, encouragement, and help from so many of colleagues, friends, and family members.

It was amazing for us to experience the willingness of so many people to help us with this project.

Special thanks to Gordon Smith, who took a look at our concept and immediately sent it Susan McDermott at John Wiley, our publisher. Susan, along with her team of Judy Howarth, Adrianna Johnson, and Melissa Lopez, have been invaluable throughout the process and especially during the final months of production.

David Stimson, Jackie Leimer, Steve Weinberg, and Robin Rolfe encouraged us early in the process. As recognized visionaries in trademark law and branding, they immediately understood the gap we were trying to fill. Craig Vogel understands the power of collaboration and as a designer, professor, and innovator values power and importance of early IP protection.

Our thought leaders and interviewees inspired us with their insights and their willingness to share best practices in open innovation, branding, marketing and collaborative IP strategy. Special thanks to: J. Scott Evans, Nils Montan, Sandy Harbrecht, Kyle McQuaid, Gordon Smith, Scott Phillips, Jackie Leimer, David Stimson, Jeff Weedman, Steve Goers, Heidi Emanuel, Ruby Zefo, Kathy Selker, Gregg Marrazzo, Bill Price, Gail Lione, A.B. Cruz, Bob Wehling, Inger Eckert, Joanne Bischman, Vince Volpi, Sean Sauber, Bill Theimann, Benton Sauer, and Jerome McDonnell. Thanks too to everyone who encouraged us but was unable to participate in our interviews.

Comments and suggestions of our early “friendly readers,” kept us focused and on course. Thanks to Margarita Keeton, Jackie Leimer, David Moyer, David Stimson, Liz Kennedy, Lisa Antolino, Craig Vogel, Margaret Swallow, Carol Spils, Jillian and Paul Darwish, Ryan McKillen, Chris Allen, Linda Dunseath, and Ann Welsh. Special thanks go to our friends and colleagues at the International Trademark Association, especially Alan Drewsen and Dolores Hanna.

The Wolfe Law Firm team was amazing and worked with us throughout the process—editing, assembling, reviewing, researching and cataloging. We thank Emily Hamilton, Laurie Kunkel, Steve Jaeger, Cindy Bolden, and Lindsey Jaeger. Student interns John Litscher and Gabriose Keeton contributed their researching skills to our project.

To colleagues and fellow innovators at the University of Cincinnati, it’s a pleasure to be associated with such a dynamic forward thinking institution. Design students Mike Sanders and Brooke Brandewie helped with the naming of our book while Matt Choto refined our graphic concepts. Finally, we are forever grateful to our families and loved ones, Bob and Jack Wolfe, Judy and Ed Ball, Tom Mantei, Katie and Nick Coakley, Tim and Stephen Chasser who all encouraged and believed in us every inch of the way. We love you and thank you.

CHAPTER 1

The Billion-Dollar Question

At the beginning of the decade, Procter & Gamble had 10 billion-dollar brands in its portfolio, brands that generate more than one billion dollars in sales each year. Today, they have 23 of these billion-dollar brands.

—P&G 2009 Annual Report

Google was formed in 1995 as a start -up company by a group ofStanford students. Less than 10 years later, its brand is reportedto be valued at $100 billion.

—Millward Brown Annual Brand Report 2009

How do Procter & Gamble, Google, and others like them build a billion-dollar brand? They design strong intellectual property strategy into their innovation and branding processes through the power of collaboration and interdisciplinary teams. In this book, we chronicle our discussions with the innovation, branding, and intellectual property leaders from top global brands to share their ideas and best practices in the next generation of branding and innovation. Whether a company is maintaining a brand that has endured for more than 100 years, such as Tide, or creating a new brand that will capture the attention of the world, such as Google, a rewired branding process can provide key competitive advantages.