Los Angeles Lakers is one of the greatest franchises in the history of modern sports. They won the NBA championship 16 times and missed the play-offs just five times! I have always admired the "championship-or-bust" mentality of this organization. After a couple of “relatively” unsuccessful seasons, the Lakers decided to assemble a “super team.” They signed …
Why do place brands fail? The human-centered mistakes. Part 3
This is the last installment of our three-article series: "Why 86% of place brands fail?" First, we talked about the mistakes consultants make. Then, we addressed some of the common misperceptions of places. Today, we will conclude by discussing the role of leadership, consistency, and honesty. Let’s start with leadership. Needless to say, places need …
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Why do place brands fail? The mistakes of the places. Part 2
Previously, we mentioned that 86% of place brands fail. Then, we first examined the mistakes that brand consultants commit. Today, we will talk about the other half of the equation: The errors that places make. This essay is the second installment of our three-article series. As always, let's start by stating the obvious: a …
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Why do place brands fail? The mistakes of the consultant. Part 1
NEWS FLASH: 86% of place brands fail within a year of introduction! Over the past ten years, k629, a place-branding consultancy, has developed a database of more than 5,000 place brands. From that data source, they have found that only 14% of place brands continue a year from launch. They estimate nearly $75 million has been …
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Place branding failures caused by consultants
NEWS FLASH: Around the world, the place branding failure rate is 86%! Over the past ten years, k629, a place-branding consultancy, has developed a database of more than 5,000 place brands. From that data source, they have found that only 14% of place brands continue a year from launch, meaning the rate of place branding failures …
Continue reading "Place branding failures caused by consultants"
Why do brand names fail? Part 2
Previously, we talked about three reasons why brand names fail: not getting the right stakeholders involved early in the naming process, choosing an agency that does not have linguistic capabilities and relying too much on big brainstorming sessions. Today, we have four more reasons for you. Here we go. There are universally accepted criteria for …
Why do brand names fail? Part 1
Today, we will be talking about naming as a process. It is relatively easy to come up with a great brand name. It is much more difficult to secure that name legally. (According to Landor Associates, 90% of names created will have to be rejected due to copyright considerations.) Believe it or not, it is …