Your Brand is Your Business
When you do it right, the fusion of brand and performance thrives to drive substantial growth in your business. As marketing veteran Ryan Maloney tells Matt Widdoes on the Growth@Scale podcast, there are three major factors that determine your company’s ability to scale as you develop your marketing strategy:
- Maintaining a unified brand and performance strategy is essential to your marketing success and growth
- Understanding customer needs and product-market fit should serve as the foundation of your marketing strategy
- Finding and following your North Star - Having a unified shared vision across all company departments to ensure aligned growth initiatives.
Intersection of Brand and Performance
Brand: It’s Not Just Marketing’s Responsibility - Brand strategy is at the very core of any successful company’s growth strategy. Once you can erase the traditional dichotomy of 'brand vs. performance', you can maintain a singular marketing unit to fortify the holistic growth of your brand.
The Role of Organizational Design - By eliminating departmental silos and encouraging an enterprise-wide appreciation for the overarching brand narrative, you will discover a more cohesive growth trajectory to scale.
The ‘Brand and Performance’ Coexistence Model - There must be a harmonious relationship between your brand and performance. It should be brand AND performance, not brand OR performance. Establish an ecosystem where both entities work symbiotically towards common growth goals.
Customer Centricity = Key to Growth
Understanding Your Audience - It all starts with a strong product and a thorough comprehension of your target customers. This knowledge isn't just for marketing machinations; it's a cornerstone philosophy that should permeate every touchpoint of the organization—from product development to post-sales service.
Customer Dialogue - It’s not sufficient to predict customer needs based on data alone; actual interactions provide greater insights and validation. An open customer dialogue reiterates the importance of maintaining open channels between your customers and you.
Customer Feedback for Product Refinement - Whether through product feedback, CRM initiatives, or other methodologies, using customer interaction to refine and align products to market needs is integral to the continuous improvement of the product's market fit and company growth.
Align Your Messaging for Sustainable Growth
Setting a Clear Vision Across Your Organization - Well-defined positioning creates a framework for decision-making and prioritization within your company, which can ensure heightened efficiency and prevention from misaligned initiatives.
Bottom-Up Feedback within Your Framework - Not only must you conduct a top-down approach to communication of objectives and strategic goals, but you must also have a mechanism for feedback from the ground up.
Alignment As You Scale - Internal alignment becomes increasingly challenging as your organization scales. That’s why finding your North Star, one that can engage cross-functional teams and incentivize them based on shared objectives, to ensure that even when incremental adjustments are made, your fundamental growth trajectory remains steady.
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Brand is who you are, what you believe, and how you show up – Doug Thielen– Chief Marketing Officer, Outdoor and Lifestyle
On this week’s episode of Growth@Scale we go all in on brand. Matt sits down with Doug Thielen, Chief Marketing Officer, Outdoor and Lifestyle, for a talk about what it takes to build meaningful, memorable brands.
Some highlights from the episode:
Four Pillars of Successful Brands: Culture, Community, Content, and Commerce. Learn how they interconnect for brand impact.
Brand Foundation: Importance of a simple, clear foundation for internal decision-making and brand consistency.
Creative Consistency: Ensuring brand and creative alignment across all teams and channels for a unified customer experience.
Redefining Brands: Strategies for evolving established brands through curiosity and cross-team coordination.
Brand Values in Action: REI's #OptOutside campaign highlight the impact of true brand values.
Niche Brand Experiences: The role of exclusive and memorable experiences in brand building, with examples like Red Bull.
Brand Building Advice: Practical tips for distilling brand mission, translating it internally, and aligning cross-functional strategies.
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