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How Regulations Benefit Your Brand? July 30, 2008

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After spending years working hard for someone else, you feel that now is the perfect time to forge out on your own and benefit directly from your business experience. Here at Small Business Branding you will find a lot of good sound advice on building a successful business. My contribution to the mix is typically brand issues that I feel you should pay close attention to.

The simple fact is we all have a brand whether we want one or not. Now – you can either work hard to develop and nurture a powerful brand, or you can do very little and let your competition do it for you. An area often overlooked in respect to protecting you brand is compliances.  Many businesses in order to operate must conform to a at least a few Government or industry compliances. These are in place to assure your customers that you are adhering to minimum industry and community standards. If you are deficient in any way you are putting your brand at risk. (Not to mention, your professional well being). When a company is deficient, you pose considerable risk to your operation. Many times a breach of compliance will result in a costly fix. If you are guilty of compliance deficiencies to avoid costly but necessary procedures then you are a brand nightmare waiting to happen.

 
Breach a safety compliance, and your brand takes a hit from the negative exposure a safety accident generates. Security breaches puts exceptional attention by Government agencies on your doorstep. Brand jacking (unscrupulous use of corporate identity) leaves you exposed to myriad of potential negative scenarios – none of which you control. Industry and Governmental compliances are there to protect everyone. I would encourage you to view them as a type of brand insurance. It benefits your brand if you are diligent in their implementation. I would even suggest that you raise the bar and improve on compliances where your team sees the opportunity.

 

If you simply consider your brand your reputation, then you will appreciate that it takes plenty to build up a brand but very little to destroy it. There are no quick-fixes to repairing a brand that has been tarnished from a missed compliance opportunity.

 

I will be the first to admit that compliances are not the sexiest topic with regard to brand as compared to brand image, but ignoring it will hurt you from multiple positions – all of which have the potential to be a brand killer.

Compliance Smells Like Money. July 30, 2008

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Compliance is defined as “the act of complying to another one’s wishes; acquiescense.” In the case of businesses it is the government or a professional organization’s wishes that are being adhered to. In most cases it is quite an expensive exercise, that is punctuated with regular audits and scrutiny. Processes are typically put into place that validates criteria and assures the complier that all is well with the company.

 

But is it really? 

 

Many companies reluctantly conform to compliance issues. It is this reluctance that results in a lazy brand. By obtaining the bare minimum standards to obtain the desired  compliance document,  the company could be leaving their brands exposed and susceptible to off-brand activity. Taking compliances and viewing them as a positive brand story rather than a required expenditure will put you on the road to a differentiator that your competition will find difficult to match. Taking your compliances to a higher level and bettering the compliance goals helps to position them as “standards of excellence” instead of “mandatory standards” One positions the compliance as a positive and the other a negative. Making your target audience aware of your”standards of excellence” instills a confidence in your company. 

 

When a company fails to comply to mandatory standards or compliances, the news thats reported does great damage to your brand. A security breach, an industrial accident, identity theft, are but a few “off-brand” results of compliance breaches. naturally accidents happen, but by paying extra attention and bettering compliances go much further in assuring your stake holders that their well being is paramount to the company. Brag about it in your promotional materials to make customers aware of why your company excels by taking a leadership role.

 

That leadership role also takes into account self-administered compliances. These are compliances that are put into place by company management to standardize best practices within the company. These activities could be to adaquitly train the staff, secure brand image standards, adopt a greener internal culture and environment to name a few. These compliances are in many ways more directly appreciated by the employee base because they affect the day to day operation of your company. You, as the leader determines the criteria and the method of audit to assure compliance. Any deficiencies are addressed with your direct input. Self-administered compliances can be defined as unique branded products of the company. 

 

Taking your strategy from one of “resignation to comply” to “comply to profit”, compliance becomes the basis for expanding the relationship with your customer. This expansion is exactly what your sales staff need to shout out your good news story. Having the strongest compliance strategy you can administer, secures your brand resulting in a benefit to your pocket book.

Searching For The Elusive Environmental Footprint July 11, 2008

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Sustainability, carbon footprint, environmental footprint – all are very attractive and catchy terms tossed about today among industry leaders and followers. If you would like to benefit from pinning one of these designations on your corporate lapel, it is important to be sure that they are real. 

The problem with just saying you are environmentally responsible is that the public are a cynical bunch. Your market take the environment very seriously. To take the designation lightly would do your brand great damage. BUT, if you take the time and address sustainability seriously, you not only take on a leadership role, but you allow your brand to differentiate strategically. 

Developing self-administered compliances based on environmental criteria, then tagging your brand with a custom insignia positions your brand message with genuine value. This works much the same as the Good Housekeeping Seal of Approval and Heart Smart. Your insignia raises the bar in your category and establishes your company brand as a leader. 

Your environmental footprint need not be as hard to discover as big foot in the high country any longer. With a little effort and will power, you too can deliver a powerful green message to your market.