Brand identity: the unexpected prescription for healthtech success

This week provided a unique blend of insights and revelations as I had the privilege of attending two enlightening healthcare and technology events in Philadelphia: the PACT Foundation Breakfast surrounding “Women in Motion: Dynamic Changemakers in Healthcare and Tech” and Bisnow’s Healthcare Summit. The experience offered a profound exploration into the dynamic landscape of these intersecting fields, underscoring the constant evolution that characterizes the healthcare industry in our ever-changing world. Amidst the discussions and takeaways on healthcare trends, a particularly surprising revelation emerged during one of the panels: a strong emphasis on the critical importance of establishing a clear brand identity.

As we delve into the dynamic realm of healthcare, let’s unpack the insights gleaned from these events and explore the significance of cultivating a distinct brand to navigate complex industry trends.

Trends: What is shaping tomorrow’s wellness landscape?

A significant trend taking center stage is the rise of non-traditional healthcare methods, notably retail-based clinics. Retail giants like CVS Health and Walmart are making significant strides in the healthcare sector with the introduction of walk-in clinics such as CVS MinuteClinic and Walmart Health. These clinics offer accessible and cost-effective healthcare services for routine medical needs. Between 2020 and 2021, the utilization of these services saw a staggering 51% increase, with projections indicating that 30% of primary care will be delivered in non-traditional settings by 2030. These clinics are reshaping the healthcare landscape, offering convenience and accessibility that aligns with the demands of modern-day patients. The shift towards retail-based healthcare reflects a broader trend of seeking innovative solutions outside the traditional healthcare settings. For example, Grafik recently partnered with Patina, a virtual-first care provider exclusively for the 65+ community, that focuses on personalized, coordinated care with digital appointments. 

A significant development is the increasing focus on transparent medical costs, driven by patients taking a more proactive role in managing their healthcare. This surge in demand for clarity regarding the financial aspects of medical services is reshaping both the patient experience and the business models of healthcare providers. Concurrently, the evolving needs of the public are fostering a demand for healthcare that is not only accessible but also personalized. This trend highlights the industry’s acknowledgment of the diverse requirements of individuals, emphasizing the crucial role of tailoring healthcare services to meet specific needs.

As technology continues to advance, the exploration of Artificial Intelligence (AI) applications in healthcare is gaining momentum. From streamlining administrative processes to enhancing diagnostics and treatment plans, AI is proving to be a transformative force in the field. The integration of AI reflects a commitment to leveraging technology for improved patient outcomes and operational efficiency.

The unexpected insight: Brand identity matters

Amidst the myriad discussions and insights, a particularly unexpected piece of advice surfaced during one of the panels – the critical importance of establishing a clear brand identity. In an industry characterized by intricacies and perpetual change, crafting and communicating a unique brand isn’t just a marketing tactic; it’s a strategic necessity. A strong brand identity not only fosters trust but also sets the stage for long-term success through competitive differentiation and patient loyalty. 

Tiffanie Standard, Founder and CEO of Stimulus, Inc., a trailblazer in AI business streamlining services, underscored the importance of aligning with your “why” and ensuring effective communication with stakeholders. The pivotal method for achieving this is through the establishment of a distinct and clear brand identity, positioning you strategically for future growth.

Charting the course forward

As I reflect on the rich insights gathered from these events, it’s evident that the intersection of healthcare and technology is a realm of continuous evolution. Navigating this dynamic landscape requires a commitment to adaptability, a focus on patient-centric solutions, and a keen understanding of the role that technology, transparency, and brand identity play in shaping the future of healthcare. The journey forward promises both challenges and opportunities, and the lessons learned this week will undoubtedly guide the course of progress in this ever-evolving field.

How much does a rebrand cost?

How much should your company budget for a corporate rebrand? That’s a loaded question if we ever heard one! But as a branding and marketing agency that’s been in business for over 45 years, we’ve got a lot of data on what it takes. I’m going to break down some of the costs here based on our experience working with B2B clients, and also provide more information about the key variables and complexities that will impact costs.

The budgeting process starts by defining your unique needs and answering questions, such as:

•  Are you exploring a full rebrand? Defined as positioning, messaging, logo and visual identity (and potentially naming); or, are you simply looking for strategic guidance to strengthen your value proposition and better engage audiences? In either case, who do we need to engage in the process to ensure that our outputs are believable by the market and differentiated from competitors? Also, how are we engaging internal audiences in this process?

•  How large is your target market? Are you trying to reach a national audience, or an international one? Do we need to reach any unknown audience segments to support growth goals? Furthermore, how complex is your offering and is it something the market already associates with what you offer? Do we have sub-brands and/or products to consider? Are we looking to evolve or define the brand architecture, and how does that align with future growth goals?

•  As we consider the look and feel, do we need to explore an evolution or a revolution? If so, have we gauged equity in the current identity? How will audiences experience the brand? Where/how will it need to live?

•  Finally, are you prepared to go to market? Do you have audiences, channels, and budgets solidified? Do we know what will be required in terms of a brand launch and rollout?

Answers to questions like these will help to determine an actual scope, but for the purposes of this blog, we’ve provided budget ranges for the aforementioned phases associated with rebranding:

•  Discovery & Immersion: expect to invest $25,000 to $75,000 in discovery and brand research, including but not limited to: immersion efforts, stakeholder interviews, roundtables and/or surveys for internal and external audiences. Key variables include the number of stakeholders, size and reach of the market, external costs associated with audience procurement and/or research facilitation, the quality of current research, and the methodologies used to execute this phase.

•  Positioning & Messaging: expect to invest $25,000 to $50,000 when strengthening a go-to-market brand strategy. This can include brand architecture, positioning, mantra development, and messaging across parent brands, any sub-brands or products, as well as at the audience level. Key variables include the number of products, services, sub-brands, and audiences as well as the scale of the competitive landscape, and the depth of messaging and tone standards required for the organization.

•  Naming: expect to invest $20,000 to $40,000 in naming, plus external costs associated with registering any new names (e.g., opinion letters, trademark applications, etc.). This range depends on factors such as category and market ownership. Key variables include the difficulty of owning a name in a particular vertical and/or market, the number of categories ownership is required in, and the number of naming rounds it will require to find a meaningful, ownable, and marketable name.

•  Visual Identity: expect to invest anywhere from $30,000 to $65,000 on logo and visual identity development. This range considers everything from an evolution of your current look and feel to something brand new. Key variables include the number of logos and/or complexity of the brand system in support of the brand architecture and the extent to which the brand will need to live across digital, print, experiential, and physical applications.

•  Go-To-Market Strategy: plan to invest anywhere from $10,000 to $55,000 on a go-to-market strategy. This range depends on launch expectations as well as the need for post-launch strategic support, and isn’t inclusive of paid media costs. Key variables include the timeframe required to support launch, whether we need to map out post-launch engagement strategies, internal launch requirements, the size and scope of external launch, and the lift required to educate audiences on the new brand.

•  Implementation: plan to invest anywhere between $25,000 to $350,000 to support a brand rollout. This range depends on how much internal teams can execute versus what is needed from your agency partner. Key variables include the website (are we planning to reskin the existing site, or do we need to overhaul? Check out this blog for guidance on how to help make that determination). Consider whether you need launch-specific materials such as a brand video, a brand launch presentation, campaign assets, and swag. Identify the corporate and marketing collateral needed (e.g., stationery, one-sheeters, corporate powerpoint templates, brochures, etc.). Do we need brand guidelines, and how extensive should they be? What additional assets do we need to support the new brand (e.g., custom imagery, illustrations, etc.)? Do we need to consider event experiences /tradeshow executions as part of rollout? What about physical office spaces? Do we need to brand interiors such as office spaces and/or storefronts?

As evidenced by this blog, there are a number of complexities that will impact how much budget you’ll need to execute a successful branding initiative. What’s most important is to account for these variables upfront. And procuring the adequate funding is just one piece of the puzzle. Before you run off and submit a budget, take a minute to ensure that your organization is operationally prepared to execute a branding initiative. We’ve got several other articles that provide guidance on determining whether your company is rebrand ready as well as tips for properly setting expectations for this exciting, company-wide effort.

Still need more advice on how to budget for a rebrand? Or (understandably) unsure about what to do with all this information? Feel free to drop us a note and we’ll get you connected with a team member who can help put this thinking into something actionable for your organization.

Branding. Marketing. You need both.

In the dynamic realm of business strategy, the distinction between branding and marketing is often blurred, yet their unique roles are pivotal to a company’s success. For B2B companies navigating the intricacies of the marketplace, the symbiotic relationship between branding and marketing becomes even more pronounced. Branding, with its emphasis on identity, values, and long-term trajectory, lays the foundation for a company’s narrative and resonance. A business’s DNA, if you will. Marketing, on the other hand, is the expression of that DNA, propelling measurable outcomes through various channels and creative touchpoints. Let’s get into the nuanced differences between branding and marketing, shedding light on why B2B companies need both to forge a cohesive growth strategy. The integration of these two forces becomes the compass guiding businesses through the complex journey of not just surviving but thriving in an ever-evolving market landscape.

Beyond logos and slogans: The living essence of branding

 From the way a company answers a phone call to the experience of walking into a store or using a product, branding encompasses every touchpoint in a customer’s journey. Disney’s former CEO, Michael Eisner states, “A brand is a living entity, and it is enriched or undermined cumulatively over time, the product of a thousand small gestures.” At its core, branding operates on a macro-level, addressing the fundamental “why” questions of a business. It dives into shared values, voice, trajectory, and long-term goals, seeking to build lasting loyalty by creating an emotional connection with customers. Real-world examples showcase the versatility of branding, from building awareness to defining a company’s purpose and values, emphasizing that it goes beyond aesthetics to solve complex, strategic challenges.

Propelling progress: Marketing’s measurable results 

On the other side of the spectrum, marketing is the tactical and micro-level counterpart, answering the immediate “how” questions. It is the engine that propels progress, measures effectiveness, and seeks immediate results. Marketing is driven by specific, time-sensitive inquiries such as which software to use, what technologies are optimal, and how to meet deadlines within budget constraints. The focus is on generating measurable growth, boosting open rates, and eliciting direct responses from the audience. While branding is about building loyalty and inspiring feelings, marketing is tasked with creating responses – be it clicks, open rates, or other quantifiable metrics. Together, they form a dynamic duo that, when integrated seamlessly, navigates the complexities of both short-term tactical needs and long-term strategic goals.

The crucial synergy between branding and marketing

Now that we’ve decoded the differences between the two, it’s essential to remember that the integration of branding and marketing is paramount for a cohesive and successful growth strategy. Marketing, with its tangible outcomes, meets audiences where they are to drive awareness and conversions. Meanwhile, branding lays the foundation for long-term success by defining the company’s identity, values, and unique voice. The marriage of these forces ensures not only immediate results but also sustained loyalty and resonance with the audience, creating a narrative that resonates deeply and stands the test of time. 

When branding and marketing work in harmony, the synergy is transformative. Real-world examples highlight that organizations often need both branding and marketing solutions. It’s a delicate equilibrium that requires a holistic understanding of the brand’s identity and its immediate market needs. Whether it’s building awareness, creating value, or managing post-merger transitions, a nuanced combination of branding and marketing tools helps companies navigate diverse challenges effectively. 

In essence, branding and marketing are not mutually exclusive; they are complementary forces driving a cohesive, successful growth strategy. Embracing both sides of this spectrum empowers companies to navigate the complexities of the business landscape, ensuring they not only thrive in the present but also lay the groundwork for sustained success in the future.

 

1+1=3: sweetening the value of brand in M&A deals

In the ever-evolving landscape of mergers and acquisitions (M&A), the role of brand has taken center stage, transforming the equation from a simple sum to a strategic multiplication. As we navigate the nuances of M&A in 2024, it’s crucial to recognize that the game has shifted. The traditional approach may have been to bring two companies together, but now, brand is the glue that binds them into something greater than the sum of their parts.

Brand, once viewed as a mere component of M&A, has now emerged as the linchpin that holds the entire process together. The post-pandemic brand is no longer confined to grand emotions and awareness; it’s about driving customer experiences and delivering measurable impact. In an uncertain market, Return on Investment (ROI) has become non-negotiable.

M&A brand strategy: Want s’more? 

A common sight in M&A discussions is the formula “1+1=3.” But what does it mean? Let’s dissect this equation and explore its significance. It goes beyond the immediate thoughts that come to mind when we think of M&A. S’mores, surprisingly, provide an apt analogy for understanding the process of integration and the role of brand in enhancing M&A. Each component—the graham cracker, chocolate, and marshmallow—symbolizes a critical phase in the post-M&A branding process.

•  Graham Cracker: Assessing Individual Value
Just as the graham cracker represents the foundational but less exciting aspects, evaluating individual companies in an M&A scenario involves understanding their strengths, weaknesses, threats, and opportunities. However, a key element often overlooked is the brand SWOT analysis. Questions about the current equity of each brand, understanding how they are perceived, and gauging audience understanding are essential in laying the groundwork for a successful merger.

•  Chocolate: Uncovering the Sweet Spot
The sweetest part of the deal, analogous to the chocolate in a s’more, is where the magic happens. It’s about positioning the merged entity for success. Crafting a credible, authentic, and differentiated narrative is crucial. This involves understanding the goals, scaling for growth, and ensuring that the merger not only preserves the existing customer base but also sharpens the competitive advantage.

•  Marshmallow: Building a Sticky Culture
The marshmallow, soft and sticky, symbolizes the culture that holds everything together. The success of an M&A deal hinges on how well the cultures of the merging entities align. Empathetic M&A is vital to avoid the common pitfall of employees leaving post-merger. Recognizing culture as a strategic imperative, akin to Google’s experience with Nest, ensures that the human element is seamlessly integrated into the new entity.

Brand Simplifies, Clarifies, and Unifies

In essence, brand plays a triple role: it simplifies, clarifies, and unifies. Simplifying the complex components of M&A, brand ensures a shared understanding. Clarifying the mission, vision, and values, brand becomes the guiding force for positioning and expression. Finally, unifying disparate cultures, brand ensures a cohesive and resonant identity.

Achieving Common Ground through Brand

As the saying goes, brand is everything. In the realm of mergers and acquisitions, achieving common ground through a well-defined brand is the key to success. By simplifying the complexities, clarifying the vision, and unifying diverse elements, brand becomes the catalyst that transforms 1+1 into a synergistic 3, creating a merger that is not just strategic but also deeply resonant.

So, as we embark on the journey of M&A in 2024, let’s not underestimate the power of brand—the key ingredient that elevates the entire process from a business transaction to a transformative union. Is a merger or acquisition in your future? Let’s talk! 

 

Mixed-use developments: how place branding crafts next-gen communities

Mixed-use developments have revolutionized urban and suburban landscapes by seamlessly blending residential, commercial, and recreational spaces into cohesive living environments. These vibrant hubs, often likened to modern-day urban villages, offer an array of conveniences and opportunities within one integrated community. This concept of multi-use developments isn’t just about physical spaces; it’s about cultivating a lifestyle, and this is where the art of place branding comes into play.

Place branding is a strategic tool that goes beyond traditional marketing approaches. It involves creating a distinct identity and personality for a mixed-use development that resonates with the target audience. It’s about telling a story that encapsulates the essence of the development and the unique experiences it offers. When executed effectively, place branding can forge a deep emotional connection with potential residents, businesses, and visitors.

Imagine strolling through a mixed-use development and feeling the synergy between bustling retail outlets, tranquil parks, cozy cafes, and dynamic office spaces. This vivid tapestry of live-work-play possibilities is the canvas on which place branding paints its masterpiece. It takes into account not only the physical aspects of the development but also its ethos, values, and the lifestyle it promotes. Requiring more than your typical real estate marketing playbook, place branding trends are all about meeting audiences where they are.

Experience-centric marketing: One of the pivotal trends shaping the landscape of place branding is the rise of experience-centric marketing. It’s no longer sufficient to market these developments solely as places to reside or work. Instead, marketing strategies are spotlighting the experiences they offer, from luxurious amenities to community-driven events. By emphasizing the convenience and multifaceted nature of these spaces, developers are inviting individuals to envision a life rich in both comfort and excitement. Grafik’s branding engagement with DMV real estate developer, EYA surfaced the overarching mantra, “Life within walking distance” that encapsulated the idyllic convenience of a centrally located home just steps from local shops and restaurants, major routes, and Metro.
B2C Metro marketing campaign for EYA real estate branding.

AR and VR tours: Technology is another cornerstone of modern place branding. Augmented Reality (AR) and Virtual Reality (VR) have emerged as game-changers. These technologies enable prospective residents and businesses to take immersive virtual tours of the development, offering a sneak peek into the lifestyle awaiting them. This digital approach bridges the gap between imagination and reality, allowing people to engage with the development even before setting foot on the premises.

Sustainability: Moreover, sustainability has become a driving force behind mixed-use developments, and it’s a key aspect of effective place branding. With a growing emphasis on eco-friendly design and operations, developers are aligning their marketing campaigns with the global shift towards sustainable living. By highlighting green initiatives such as energy-efficient features and waste reduction practices, these campaigns resonate with environmentally conscious individuals seeking a harmonious life-work-play environment.

Localized, Personalized Marketing: Personalization has also taken center stage in place branding strategies. Tailoring marketing efforts to align with local culture and individual preferences creates a deeper connection with potential customers. This approach acknowledges the uniqueness of each mixed-use development, positioning it as a place that understands and caters to the specific needs of its community members. For example, Grafik’s integrated marketing strategy for National Harbor included geo-targeted campaigns capturing the attention of nearby mobile audiences on platforms like Waze and Instagram, which resulted properties like the Haven selling out ahead of schedule.

Social Media Engagement: In the age of social media dominance, platforms like Instagram, Facebook, and TikTok have become essential tools for showcasing the essence of these developments. User-generated content (UGC), such as photos and videos shared by residents and visitors, offers an authentic glimpse into the lifestyle and experiences these spaces offer. Live tours, interactive Q&A sessions, and behind-the-scenes looks further engage audiences, allowing them to participate in the development’s narrative. Fast-growing D.C. neighborhood, Buzzard Point is home to several multi-use properties, inviting residents to enjoy waterfront views and exciting sporting events at Audi Field and Nationals Park. Leveraging UGC from local neighbors as part of their social media strategy, Grafik has cultivated a bright and inviting identity for the follower base that continues to grow as the community develops.

Content Marketing: Content marketing, through mediums like blog posts, videos, and newsletters, plays a crucial role in establishing a sense of community and vibrancy within mixed-use developments. Sharing stories of residents’ experiences, highlighting local events, and spotlighting community initiatives contribute to a well-rounded and enticing narrative that attracts potential stakeholders.

As we navigate through 2023, the trajectory of mixed-use development marketing is evolving rapidly. The focus has shifted from merely promoting spaces to curating lifestyles and experiences. By embracing these innovative B2C marketing trends, developers can set the stage for the success of their mixed-use developments, whether nestled in the heart of a bustling city or flourishing in the tranquil suburbs. The future of urban and suburban living is being defined by these dynamic, integrated communities, and place branding is the brush that paints their stories onto the canvas of modern life.

Humans vs. AI: four contests reveal key traits AI can’t copy

The question of “man versus machine” has fascinated people for centuries. Many works of literature across cultures and history involve competition between humans and gadgets, from folk tales such as John Henry to movies such as The Terminator. Artificial intelligence (AI) is the latest technology said to compete with humans, but on a new frontier. While these stories feature physical conflicts, only recently has technology challenged humanity intellectually. Below are four examples of AI competing with human experts at their mind games of choice, and each contest reveals the unique mental virtues of humans that must be embraced by professionals in the era of ChatGPT

Deep Blue

One of the most notable competitions between AI and humans was when IBM programmed Deep Blue, a supercomputer designed to challenge the world’s then-top-ranked chess player Garry Kasparov. Kasparov is one of chess’s all-time greats, having reigned as the world number-one from 1984 through 2005, the longest streak ever recorded. Deep Blue could analyze over 200 million positions per second and had a memory of moves and counters from decades of games. This greatly advantaged Deep Blue, as chess’ only variables are each player’s choices and which player moves first. Deep Blue’s ham-fisted approach of evaluating millions of possible moves and recalling their counters failed against Kasparov’s unpredictable strategy at first, as Kasparov won their match four games to two in 1996, despite Deep Blue being reprogrammed between games. A rematch was held in 1997, with the Deep Blue team winning by 3.5-2.5 games. To paraphrase Neil Armstrong, this was “one giant leap for machine-kind,” as many expected a human grandmaster to defeat a computer. Furthermore, Deep Blue revealed that chess can be conquered by brute force, as the fixed board size and number of pieces limit each player’s options. 

Watson

IBM designed another supercomputer to challenge humanity in the quiz show Jeopardy! In 2011, IBM pitted Watson against human champions Ken Jennings and Brad Rutter, with Jennings holding Jeopardy!’s longest winning streak. Jeopardy! was a new and unpredictable challenge for IBM, as contestants must respond to a prompt selected from one of many categories and phrase their response as a question. To win, Watson must interpret each prompt live and recall a correct answer. The IBM team had nearly perfected Watson’s ability to do this, as it cruised to victory aided by its database of four terabytes containing over 200 million pages of information. Although it sometimes faltered (Watson answered “What is Toronto?????” in response to a Final Jeopardy question where the category was “U.S. Cities”, surprising Jeopardy!’s Canadian host Alex Trebek), Watson demonstrated advances in AI’s ability to immediately answer complex and indirectly worded questions without searching the Internet. 

AlphaGo

Since the invention of Deep Blue, increasingly powerful new chess engines had mastered the centuries-old game. Observers then moved the goalposts, deeming the ancient Chinese board game of Go to be one where the human touch of an expert was unbeatable by a computer. Unlike chess, the possible moves in Go are nearly limitless, and the player who captures more of the game board is the winner. Go’s unpredictability thus required a new approach. Google’s DeepMind team designed AlphaGo, a Go-playing program that uses machine learning to plan moves while seeing the whole board at once, allowing it to independently adjust its strategy during and between games, unlike the manual adjustments required by Deep Blue. In 2016, AlphaGo challenged Lee Sedol, a top-ranked professional player. AlphaGo defeated Sedol four games to one, using its ability to monitor the entire board simultaneously, free from the limits of the human body that could cause even a master player to make mistakes. AlphaGo made unconventional choices during the match that confused observers but were key to its victories. Sedol was impressed by AlphaGo’s performance, and players learned new strategies from AlphaGo that brought innovation to the game. 

Project Debater

It may be hard to imagine AI having flaws after studying the three previous examples of software beating humans at their own game. However, the forum of debate exposes AI’s limits. Unlike chess, Jeopardy!, or Go, the subjective judgment of an audience or a panel of judges measures debate performance. An AI must appeal to the hearts and minds of human observers to “win” a debate. In 2019 IBM released Project Debater, an AI machine said to be the first computer capable of debating a human. Its challenger was Harish Natarajan, a master debater and grand finalist in 2016’s World Debating Championships. Project Debater made a powerful opening statement, combining effective logical and emotional appeals, and finished with a strong closing argument. However, it struggled during the rebuttal portion. Despite its large database, Project Debater failed to counter Natarajan’s arguments, as it restated its original arguments with little acknowledgment of Natarajan’s points, likely because Project Debater was not permitted to obtain new information from the Internet. Natarajan was declared the victor based on audience poll results. Although Project Debater’s conversational skills were a precursor to ChatGPT’s ability to answer an incredible number of questions, its weaknesses show the current limits of AI, notably how it lags behind humans in continuing conversations and responding to new information independently.

These four examples reveal many insights about the progress of AI’s ability to challenge humans intellectually, where its strengths and weaknesses lie currently, and highlight qualities that are unique to the human mind. AI has already surpassed a human’s ability to store and recite information. In the workplace, the “Encyclopedia Brown” knowledge worker whose strength is memorizing information will become less valuable as access to software that can provide information rapidly becomes widespread. Attention to detail, often deemed crucial to professional success, is another area where AI excels, as programs like AlphaGo “see” the areas they are monitoring at once while avoiding oversights that even well-trained humans may make. If all someone has to offer is precision and memorized knowledge, they provide little that an AI cannot. This goes double for the stereotypical “eccentric genius” who provides a wealth of expertise at the price of a toxic personality that reduces morale and prevents collaboration. 

On the contrary, the cases where AI and humans have gone head-to-head reveal traits seen in humans that are rarely found in a computer program. First, self-awareness is absent in every AI but is (hopefully!) found in many people. In marketing, self-awareness involves understanding why an individual does what they do, feels how they feel, or thinks how they think. An AI will execute tasks without an internal understanding of the processes behind its actions. In each of its contests against human minds, AI has made revolutionary insights despite not knowing whether its choices are innovative or foolish. “Starting with why” has become a maxim in the corporate world, and it is vital to understand how we think, how AI “thinks”, and to evaluate our thought processes and principles to create better solutions. Another uniquely human quality revealed in the contest with Project Debater is the ability to connect with other human beings. Professionals who relate to clients and colleagues, understand their concerns, and present perspectives and solutions that resonate with them offer skills not easily mimicked with an algorithm. Finally, a human will be a far better storyteller than any chatbot. Marketing is essentially storytelling, and a marketer who can distill a brand’s story into a message that lands with the target audience will be a rainmaker. While AI is a tool that will augment our knowledge, it will not provide more value than a marketer with the previously mentioned skills for quite some time. 

I will conclude with a perspective from none other than ChatGPT:

“Marketing and advertising professionals possess creativity, industry-specific knowledge, and experience that cannot be easily replicated by AI. They excel at crafting messages, have insights into consumer behavior and market trends, and often work in teams, providing personalized attention and building relationships with clients. While AI can support and enhance their work, it cannot replace the human touch that is essential to the industry.”

What to expect when you’re rebranding

I’ve heard more than one CMO over the years jokingly refer to his or her corporate rebrand project as, “my baby.” And with good reason: like the lead-up to becoming a proud new parent, these types of projects are generally characterized by a whirlwind of excitement, planning and preparation, apprehension, and advice (both solicited and unsolicited)–culminating in a celebratory introduction of the new brand to those nearest and dearest.

Grafik has helped dozens of clients successfully plan and execute rebrands over our 45 years as a branding agency. If this is your first time leading a corporate rebranding and you’re wondering what to expect, we’ve compiled the following suggestions to help you prepare for the months ahead.

Chart your existing brand’s DNA. Pull together the most recent stakeholder and sentiment research, brand and strategic planning documents, as well as communications materials to help your agency partner understand organizational goals, value propositions, messaging and visuals that are currently in play. (Important to note, we did say agency partner. A key factor in rebranding is the ability to deliver objective insights, and running a rebrand through internal channels makes that nearly impossible). 

Identify key stakeholders. It is essential to give stakeholders a voice in this process. Doing so results in greater internal buy-in and external validation as you solidify a positioning strategy. When possible, we recommend engaging internal audiences such as leadership and key personnel as well as outside sources such as customers, prospects, and/or partner organizations. If it won’t be possible to engage customer segments, consider your internal sales team as a source for client perceptions.

Prepare to listen. The proof is in the pudding. In many instances, a findings briefing will reaffirm organizational beliefs, but in some instances it can surface major disconnects between internal and external perceptions. Be prepared to hear, and listen, to results of the upfront research, as it will impact how your agency partner approaches the positioning opportunity. 

Know your peers. An effective positioning strategy should not only be authentic and credible, but also distinct. It is through this process that we make sure everyone knows why your company is unique. This will require a close look at how key market players present themselves both through their messaging and visual expressions. Take the time to identify who your competitors are today and who may be competing for mindshare in the future.

More importantly, know your audiences. Defining value for varied audience segments will serve as a foundation for your future marcom efforts. Knowing who to talk to and understanding what they care about will be critical to creating messaging that resonates with each segment. With a little extra preparation, your agency partner can surface key messaging opportunities within the upfront research effort, so be sure to come prepared with a list.

Bring the strategy to life visually. The best visual identities create significant equity for a brand and instantly differentiate it from peers. Informed by the attributes and pillars surfaced during the upfront research, your agency partner will help bring the new brand to life. To prepare, consider how your internal team will manage the brand moving forward—will you be using external design resources or a combination of both? If the intent is to roll out and maintain the brand internally, make sure you build in time for a training session with your creative team.

Apply the brand. The implementation phase of a rebrand will focus on crafting the touchpoints every stakeholder has with your brand. The number of touchpoints is based on how your audience segments become aware of your offering, how they become educated on the value of your organization, and ultimately how they decide to become a customer, and/or employee. While some companies only need a website, stationery system, and basic marketing collateral, others may need advertising assets, mobile applications, trade show booths, and an assortment of marketing and sales tools such as brochures, one-sheeters, white papers, and more. Take the time to identify your needs and communicate those with your agency partner prior to identity exploration, as it may impact creative recommendations.

Introduce it to the market.  It’s time to celebrate! As you consider launch, it is important to begin with internal audiences, identifying opportunities that educate and enable employees to experience and adopt the new brand as their own. This may include in-person and/or virtual experiences in key office locations coupled with tangible elements such as new employee swag. With your internal team prepped and onboarded to the new brand, we turn our attention to external launch, which may include paid, organic, and earned media opportunities as well as formal announcements. To prepare for this phase, it is important to identify what your internal team can handle and how you will leverage your agency partner. Budget discussions will be important in determining the scale at which we execute. 

In summary, a rebrand, if approached thoughtfully and strategically, can position your organization for limitless growth but it isn’t a decision to be taken lightly and certainly requires an investment of time and budget. If you’re looking for guidance or need support navigating this process, reach out and let us know.

Surfacing brand value as aerospace and defense tech mergers soar

The past year, things have been booming on the mergers and acquisitions front for the Defense Tech industry. According to the Raymond James Defense and Government Services Market Intel Report, the first three quarters of 2022 resulted in almost 300 M&A transactions.

Who is buying? It is a mix of strategic and private equity (PE) firms. In the last two quarters, PE has been taking a more active role, as evidenced by Advent’s acquisition of Maxar for $6.4 billion. But strategic buyers also see the opportunity in big data, AI, cybersecurity, data analytics, rockets, and space. The L3Harris purchase of Aerojet Rocketdyne for $4.7 billion underscores the excitement for having these capabilities in company portfolios.

With billions of dollars in the mix, these organizations must make it a priority to articulate the benefit of the acquisition to current and new stakeholders, regardless of acquisition size or the potential for significant investment gain from a PE or larger-market peer. Without that cohesive “why,” value will certainly be left on the table. If it is unclear why a company does what it does, then any rationale about why the investment was made or acquisition took place will fall flat with customers, employees, and partners.

How can a thoughtful, purposeful M&A brand strategy create value? 

Differentiation: Most defense technology companies face similar challenges—narrowing margins, supply chain and resourcing, retaining talent, and staying on the cutting edge of innovation, to name a few. How they manage those challenges helps distinguish them. But without a powerful brand strategy, your differentiating factors will get lost in the noise. Brand strategy can help you stand out from the competition by clearly articulating what makes you unique and why customers and potential employees should choose you. 

Loyalty: Many organizations see increased turnover following a merger or acquisition, as employees begin to feel they are working at an unfamiliar company. But employees—and customers—who feel a strong connection and see a clear path forward are more likely to be loyal. It is vital to evaluate and clearly communicate the common themes and shared values that unite the two companies. A compelling brand strategy can help build an emotional connection to stakeholders, including a credible and authentic employee value proposition that attracts, and retains, top talent.

Reputation: In a fast-paced, consequential industry like defense tech, there’s more than money on the line—these organizations’ actions often have far-reaching implications for science, exploration, and national security. It’s a valuable asset that drives loyalty, attracts new customers, and improves your brand’s overall value. A purposeful brand strategy can help build and maintain a positive reputation.

At Grafik, we’ve collaborated with defense tech companies such as HII, Maxar Technologies, GDMS, HDT, IAP, and Capella Space to develop credible, authentic, and differentiated brands, and marketing strategies, that deliver value. So whether your pain points stem from the need to blend cultures, or you’re looking to create, and market, a more compelling value proposition, our team can help you get there.

Want more? Check out our work with IAP, Capella Space, and Alion, or feel free to drop us a note.

The indispensable EVP

The arrival of the COVID-19 pandemic in early 2020 changed our working lives in an immediate, visceral way. Offices went vacant, plants slowly dying and forgotten lunches decaying in fridges. Employees adopted an entirely new style of work-appropriate clothing, largely featuring sweatpants. The phrase, “You’re on mute,” was suddenly used millions of times a day. 

Now, nearly three years later, the long-term ramifications have crystallized. Many took this interruption to decades of professional momentum to reflect on what matters to them and came back with some strong opinions. In a Return to Work Survey that Gartner conducted in 2021, more than 50% of respondents agreed or strongly agreed that the pandemic changed their expectations of their jobs and employers. Several other studies showed workers reporting major percentages of dissatisfaction and a desire to change jobs in the coming months or years.

This major shift in thinking means, for companies, having a compelling Employee Value Proposition (EVP) has gone from a nice-to-have bonus to an essential component. 

Gen Z and millennial professionals in particular have indicated a desire for workplaces that don’t just tout, but actively engage in, social issues such as antiracism and inclusion. PR Daily reported in 2021 that more than half (55%) of currently employed Gen Zers were reconsidering their job because they felt their company hadn’t done enough to address social justice issues.

An EVP should be a natural extension of your brand, directed at internal stakeholders rather than external audiences. It should naturally align with your established purpose, values, and mission, validating your reputation among current and potential employees. While a thorough benefits package that includes professional development opportunities, flexible work arrangements, and paid time off are important, a strong EVP doesn’t stop there. Employees are seeking a shared purpose and sense of belonging during the 40 plus hours they spend at work. This all adds up to a total experience that plays a key role in employee satisfaction and engagement.

This will look different for each company. For example, the brand Patagonia—which positions itself as dedicated to generosity and compassion for others and the environment—embodies its values through one of the most robust parental leave policies in the U.S. On the other hand, Google promotes perks such as competitive salaries and remote work as a reflection of its values, which include “great just isn’t good enough” and “the need for information crosses all borders.”

Many companies, especially in the tech field, are also starting to be boldly transparent about their work style and company culture. Shopify, for example, states, “We’re Shopify. Our mission is to make commerce better for everyone—but we’re not the workplace for everyone. We thrive on change, operate on trust, and leverage the diverse perspectives of people on our team in everything we do. We solve problems at a rapid pace. In short, we get shit done.” A fast-paced work environment isn’t for every employee. But by owning their culture, Shopify makes it much more likely they will find those that will thrive there. 

The elements of an EVP can vary widely, from formalized policies to casual deeds intended to show appreciation. Ultimately, they all strive to positively answer employees questioning: “Do I really matter to you? Do you care about me?” 

One novel example of showing care comes from, of all places, a mining company in South Dakota. The firm Pete Lien & Sons has implemented a system that identifies the love language of each worker. Miners wear different colored stickers on their hard hats to indicate which “language” they prefer to receive for a job well done. Some of the options are words of affirmation, acts of service, and gifts. While many were skeptical at first, the workers found that the system led to fewer moments of tension and more meaningful recognition. Now, more than 90% of the staff has taken and implemented the love language assessment. 

Learning your love language takes only a simple quiz. Creating a strong EVP can seem more daunting. But it comes down to a simple process: 

     1. Consider your shared values

     2. Clarify your purpose, your mission, and vision

     3. Articulate your intentions

     4. Show up for your people

Your EVP is how you invest in your team, who in return will invest in you. When employees feel valued and supported, they are more likely to be satisfied with their jobs and motivated to perform at their best. Your EVP tells potential employees whether or not they want to join your team. It can enhance your reputation as a desirable workplace and attract the highest quality talent, driving your company to higher success.

So, what does your EVP say about you?

The ABCs of NFTs: a crypto crash course

Although the 2022 Super Bowl is already well in our rearview mirror, trending topics and frequent Google searches reveal that a select group of ads shown during the biggest sports, entertainment, and marketing spectacle of the year left a lasting impact. Despite an incredibly exciting game (including last-minute heroics from rookie Cooper Kupp) and a legendary halftime show (featuring hip hop royalty like Dr. Dre and Snoop Dogg), the introduction of cryptocurrency and NFTs to the “mainstream” appear to have established the strongest foothold in post-game public discourse.

Many viewers heard the word “non-fungible” for the first time ever during the Super Bowl, and as indicated by the most commonly searched question on this topic (“what are NFTS?”), there’s still likely a lot of confusion amongst the general public about what the term actually means.

The four NFT-focused, massively popular Super Bowl ads and subsequent explosion of celebrity NFT drops served as a wake up call to me. As an intern at a creative agency, I was sick of feeling out of the loop and decided to go down the proverbial rabbit hole as a way to answer the question on millions of people’s minds: what is an NFT?

In order to understand NFTs, you first have to understand some cryptocurrency basics; namely, the blockchain. When people talk about “the blockchain,” they are referring to a series of online files that hold information about transactions that take place online. For example, in the same way that our money’s value is backed by the federal reserve and transactions are recorded in a ledger, cryptocurrencies are legitimized by being recorded as a block on a chain. The blockchain.        

Now, let’s break it down a little further. Each “coin” represents a different chain of blocks, in the same way that each bank has its own ledger. Some of these coins may sound familiar, like Bitcoin, Ethereum and Dogecoin, often mentioned in relation to Elon Musk’s various antics. As I’ve stated before, coins are their own blockchains and are used as currency, but tokens, usually media files like art or short videos, are distributed using these existing blockchains.

This is the point in the process where NFTs started making sense to me. An NFT is a unique picture, usually made by a digital artist, and its legitimacy of creation by the original artist is the blockchain record of the transaction of the original sale and any subsequent sale of the file.

For example, if you download a photo of a lion from a file sharing website, there’s usually no way to verify that it was posted by the original photographer, or how many other people have downloaded it.  You may not particularly care about these details one way or the other, but think about it in terms of art. Imagine Leonardo Da Vinci uploaded the Mona Lisa as a digital file on the web rather than hanging it in the Louvre, and rather than going to a museum, you had to pay $5 to download it. Even if you’re not internet savvy, you know that it would immediately be purchased, downloaded, and uploaded to Twitter for everyone to see for free.

But if the Mona Lisa was an NFT (a recorded spot on a blockchain), Leonardo Da Vinci could sell it to one person using a secure one-to-one transaction via cryptocurrency that has proven legitimacy (as it is recorded in the digital ledger), and that person who just bought the Mona Lisa would be free to do with the file as they please. If they wanted to post it online for everyone to see, that is their right to do so. If they wanted to keep it downloaded on their computer, never to be shown to the world, they can do that as well.

While it’s questionable how well this system has been executed, as there are plenty of scams in the crypto world, I think it’s important to keep up with what’s happening in tech. Many parallels have been drawn between the crypto Super Bowl ads and the Pets.com ad in the 2000 Super Bowl, and as reluctant as some may be to enter the world of crypto, if it ends up being even half as game changing as the “.com” boom, many will wind up left in the dust. 

In my time at Grafik, I’ve learned a lot more about the ever-expanding world of digital marketing and its impact. I find myself thinking about the advances we’ve all witnessed since the dawn of the internet, wondering if its founders could have ever imagined the development of things like SEO, social media, and digital currency. While crypto and NFT’s might still seem far-fetched and unrealistic, as marketers and designers, it’s our responsibility to stay informed because the next “.com,” the next Facebook, the next internet could be just around the block. 

…I’ll wait.

New year, new initiatives, new RFPs

It’s that time of the year when budgets renew, priorities change, and organizations refocus. And with big goals looming large ahead, you may be looking for an outside creative partner to help deliver expertise, guidance, or relief for your team. As you sit down to write an RFP, how can you be sure you’re attracting the right partners to respond? Take a look at our guide below to help you attract quality agency talent.

#1. Remember that the courting is mutual.

As much as you’re looking to vet agency partners, those agency partners are vetting you, too. Think through what your identified goals, budgets, and timelines (both for the proposal and project) convey to a potential partner. If you’re too vague, or overly aggressive with requirements, you may dissuade quality agencies from taking the time to submit a proposal for consideration. In fact, many agencies, like Grafik, have their own prospect scorecard, which enables us to qualify an opportunity before communicating intent to bid

#2. Casting a wider net only ensures more fish, not better ones.

When distributing an RFP, consider limiting the number of agencies invited to respond. Most quality agencies will not take the time to respond to “cattle calls.” If you’re looking for a specific skill set or expertise in a certain industry, start your research there, conduct discovery calls, and then limit your proposal pool to no more than six. If you don’t like what you see at that point, then consider expanding. 

#3. Ask for guidance where you need it. 

We realize you may need recommendations on certain aspects of your project (e.g., technologies, budgets, timeline feasibility, etc.), but it is better to identify those needs in the RFP rather than let agencies draw their own conclusions. In fact, communicating your expectations up front will save everyone a lot of valuable time and effort, especially if your project requires a specific turnaround. Consider language that states your ideal goals surrounding timeline and budget but feel free to let agencies know you’re open to suggestions. If you’re looking for proposals to help justify the budget internally, be honest about that, too. Quality agencies can help you benchmark needs and budgets but there are many paths to delivery, so be clear and straightforward in order to make the most out of your investment.  

#4. Let’s talk specifics. 

As you can imagine, everyone has a different definition of the word “branding,” not to mention wildly different expectations when it comes to websites. The more you can share about your goals and the role of internal and external stakeholders, the more guidance a quality agency can provide. If you have a super involved Board, outline that Board meetings will be a requirement of the internal approval process. If your team has limited capabilities surrounding content management, let us know so we can build in the appropriate amount of time needed to train your team. 

#5. Be available.

If you’re going to take the time to put an RFP into the universe, be prepared for the influx of inbound questions—especially if you are casting a wider net. Giving agencies the time to meet with you and learn more about your goals and challenges only sets you up for more meaningful proposals and recommendations. Avoid email-only Q&A and blanket Q&A sessions, as most agencies will only scratch the surface when they know responses will be shared with all potential respondents. Being available to discuss the RFP is a common courtesy, especially if you’re asking for speculative thinking or creative as part of the agency response. 

#6. Think twice before you ask for spec work.

In addition to the amount of time and effort that goes into proposal development, asking a potential agency partner to quickly ideate a solution based on a couple of pages from an RFP is….well, cruel. Plus, it doesn’t guarantee that what you’re seeing is indicative of what the agency would produce for you after being properly onboarded. Agencies recognize that spec strategy or creative will be required from time to time, but if you’re going to make it a mandatory exercise, consider compensating respondents for their time with a capped effort, or limit the agency pool to no more than three to make sure it is worthwhile for everyone involved.  

#7. Don’t overcomplicate your requirements

Consider what’s crucial before asking agencies to provide extensive team resumes, full organizational charts, current client lists, or private financial statements. If you’re going to read them, and they impact your decision-making process, then by all means ask, but don’t just add requirements to check boxes. As mentioned above, as much as you’re vetting an agency partner, they’re vetting you, too, so be kind and considerate. 

#8. Remember to close the loop. 

We recognize that the selection process takes time, and that it can be difficult to keep up with all the post-submission RFP status questions that flood in. Even if the answer is “no,” communicating your decision in a clear and timely manner to each agency that spent time preparing a proposal is always better than no response at all. And if it is a no, make sure you deliver feedback regarding your decision-making process—what was it that sealed the deal? This feedback is not only helpful but also welcomed by agencies.

At the end of the day, it really comes down to being as transparent as possible about your goals and selection process. Be honest, be clear, and welcome the opportunity for real partner relationships that can scale with the needs of your organization. As the saying goes, good help is hard to find, so make sure your RFP is setting you up to find it.

How nonprofits can beat the “Summer Slump”

While many nonprofits struggle to engage donors during the summer months, it’s a great time to take stock in your organization’s communications strategy and start charting a course for the months ahead. Here are a few areas we recommend examining based on current trends in the industry.

 

1. Calculate your org’s digital maturity

SalesForce’s latest Nonprofit Trends Report shows that orgs with high levels of digital maturity have exceeded goals for program delivery, marketing, and fundraising this year, despite ongoing challenges presented by COVID-19.

Use the formula below to calculate your organization’s digital maturity and identify areas of improvement, from data-driven decision making to personalization and forecasting.

 

2. Revisit your foundation strategy

The crises of 2020 spurred foundations to not only give more to nonprofits, but to rethink how they give. A few points from the latest Center for Effective Philanthropy (CEP) reports:

  • 75% of foundations are providing a higher proportion of unrestricted grant dollars compared with before the pandemic
  • 80% raised policy and systems change as important issues, especially around advocacy and organizing
  • 90% are making new efforts to support organizations serving communities disproportionately affected by public health and economic consequences of COVID-19. This includes people of color, people with disabilities, people from lower income communities, and undocumented immigrants.

This shift from disaster response to a focus on building more equitable systems makes it a good time to evaluate your organization’s funding strategy. Check out a grant database to learn about new opportunities, or consider revisiting your mission statement to ensure it clearly addresses both immediate and long-term impact.

 

3. Diversify your social media presence

SimilarWeb shows that social traffic to the top 100 philanthropic sites has become less dominated by Facebook over the past three months, with increased traffic coming from Twitter, YouTube, Instagram and Pinterest.

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If you’ve been primarily focused on Facebook this year, it’s worth taking a look at your organization’s content strategy across these additional social channels to establish a more robust presence or try out new fundraising features. Jump into a timely conversation about your cause on Twitter using relevant hashtags, try out donation stickers on Instagram Stories, or consider optimizing your YouTube channel for high-volume search terms.

Thanks for reading. We hope this list helps strengthen your organization’s fundraising efforts. We’ll continue to monitor trends and stay in touch. In the meantime, if you feel like your organization needs more support, please don’t hesitate to reach out. We’d love to help.

Grafik
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