23 February 2009 2 Comments

Shaping strategy: is your brand ready?

Author: yinkaolaito

Yinka Olaito is happy,excited and passionate Communications & Media specialist, Trainer and speaker. Yinka Olaito helps Profits and Non-profits with effective communication and positioning for premium service delivery and returns. Yinka Olaito also has special interest in Development Communication and has consulted for noted UN Agencies. Yinka Olaito is the CCO of Michael Sage Consulting(Communication/digital media), African Child Education Right Initiatives(NGO) and Content Director, Africa Development Talk( online Platform for discussion on Policy, Governance, development across Africa) and Africa Foundation for Young Media Professionals

brand-strategy3brand-srategy-4In the previous article, we started a discussion on the force of shaping strategy. This will be the concluding part for now until further notice. We need to note that not every brand is cut out to engage in shaping strategy. To engage, brand must consider the following and be convinced that answers given are adequate.

1. Powerful, foresighted CEO and directors: Not every brand is blessed with powerful, foresighted CEOS. If the brand’s CEO is only concerned about present or immediate gain and demands immediate ROI on every investment, it may not be good strategy for the brand to engage shaping strategy.

2.   Risk profile: Brand must also assess risk profile of engaging in shaping strategy. Any brand that is not comfortable with risk taking can not engage in shaping industry focus. It takes a large hearted brand to determine the trend of any market.

3. Management capabilities: Shaping strategy requires strong management capabilities to weather the storm otherwise blames, excuses will become the order of the day along the line. This will be accompanied with mudslinging, apathy, lack of necessary commitment to follow through.

4. Right aspiration: shaping strategy must get the facts rights by identifying the opportunities before the journey begins. The opportunities often give necessary morale when the tide starts blowing.

5. Determine the role to be played: There are several roles each brand can play in shaping strategy. That calls for true assessment of brand’s capacity. None of the role is devoid of any benefits. There are three roles: Influencers, as influencers the brand commit early and prominently to one shaping strategy and it usually gains strong market position. As hedger, the brand develops its products and services to support multiple shaping platforms. As disciple, the brand commits to only one shaping strategy.

The followings are some of the advantages of shaping strategy. It gives brand credibility and projects a long term commitment of the strategy designer. Shaping strategy also helps to define the industry standard.

On the last note, if a brand continually adapts, it shows that there is an absence of innovation and creativity. Adaptation strategy often misses the real opportunity.

2 Responses to “Shaping strategy: is your brand ready?”

  1. Gerald Scheff 19 February 2010 at 7:15 pm #

    Less may be the new-fangled more? We are beginning to glimpse out of the economic depressional ditch and the brightness is ours for the wanting. Businesses that will survive are those now accumulating momentum and moving forward with the new organization mantra of the ages. We have seen that users are demanding more value and the cost-driven enhancements have become more and more difficult to support without disturbing the present business model or profit margin assumptions. Creativity tends to come from upstarts (Netflix and Southwest Air are good examples) and non-traditionals (Microsoft in the music business!). Less is the new-fangled more and business should accept a new behavior and ways to reduce their pricing to the point that customers will seriously adore. They certainly need to provide enhancements of current products and models (yes, even elliminating unneeded features) and the the best possible way to market and promote your merchandise in the marketplace. Contact Metwell.com, Strategic Management Consultants if you need more solutions to achieve your greatest results

  2. Loura Alas 2 July 2010 at 10:37 pm #

    wow amazing write-ups

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