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Establishing A Brand Scorecard
Establishing A Brand Scorecard
A BRAND
SCORECARD
HOW-TO GUIDE
Establishing a Brand Scorecard
HOW-TO GUIDE
This report has been designed to provide practical advice for benchmarking and improving your
branding capabilities.
Read this report to learn how to prepare your organization for effective brand management. Use
our tools to develop a Brand Scorecard that demonstrates increased Customer-Base Value.
Marketers see a brand as an implied promise that the level of quality people have come to
expect from a brand will continue with present and future purchases of the same product. This
may increase sales by making a comparison with competing products more favorable. It may
also enable the manufacturer to charge more for the product.
The value of the brand is determined by the amount of profit it generates for the manufacturer.
This results from a combination of increased sales and increased price.
Distinguished - is your brand “premium” or “economy”? Does your brand express the brand type
adequately?
Enhance Image - does your brand accurately reflect and enhance the corporate/product image?
Benefit/Usage - does your brand describe the benefits of your product, or how it is used? (i.e. Mr.
Clean)
Customer-Base Value (CBV) - the total number of customers multiplied by the net present value
of those customers (gross profit contribution) over their average lifetime.
2. Internal Brand Alignment - have you conducted an internal brand survey? Since much of
branding takes place during conversations and via email, you need to know how your
employees view the organization. If there is a gap between senior management’s and front-
line customer service’s view, it needs to be resolved.
3. Market Research Data - do you have any empirical data that demonstrates customer/market
segment preferences, satisfaction, referral rates, purchasing intentions, and other important
market research data.
4. Data Management - you need to be able to collect and manipulate marketing metrics and find
causal links that connect them to high-level business metrics. For help in this area, read our
report on Marketing Dashboards.
5. Systems & Technology - once you have built the discipline to collect the relevant brand equity
data, consider housing your data in systems such as Customer Relationship Management
(CRM), Enterprise Resource Planning (ERP), or other enterprise applications. Next, use these
applications to generate reports such as “total number of customers”, “net present value of
current customer base”, or other brand equity reports.
6. Brand Goals, Objectives, & KPIs - once you have the information, systems, and skills required
to measure your brand effectively, take the time to strategically plan for brand improvements.
Take a Balanced Scorecard approach to brand measurement by selecting specific Object-
ives, Measures, Targets, and Initiatives.
Bottom Line
Brands are intangible assets that are difficult to measure. That being said, it is not impossible for
an organization to benchmark and demonstrate improvements to brand equity for a reasonable
cost. If you do not have much experience with Branding and have a strategic imperative to meas-
urably improve your brand, consider getting help from a consultant.
Based on the best practices described in this report, and tools provided, you should be able to
get started with a branding program. If you need more clarity, contact your Research Associate
who can provide you with more tailored advice.
1 Consensus
Achieve Brand Consensus
6 Define Success
7 Timeframe
VIEW RESOURCE
9 Benchmark
10 Compare
1 Consensus
Dig up Historical
Information
2 Existing
Data
Track down any previous
market research data, customer
3 Research satisfaction surveys, and
customer data such as: # of
customers, average lifetime,
4 Objectives average profit/customer, net
present value of current customer
base, market share, etc.
5 Specific Targets
6 Define Success
7 Timeframe
8 Brand Scorecard
9 Benchmark
10 Compare
1 Consensus
Gather New Information
2 Existing Data
If you don’t have much
information to go from,
consider doing a small
5 Specific Targets
6 Define Success
7 Timeframe
8 Brand Scorecard
9 Benchmark
10 Compare
1 Consensus
Set Branding Goals &
Objectives
2 Existing Data
Your goals may be to
improve C-level awareness
3 Research of a specific product, to
achieve commitment to brand
values from customer-facing
6 Define Success
7 Timeframe
8 Brand Scorecard
9 Benchmark
10 Compare
1 Consensus
Determine Specific Targets
& Actions
2 Existing Data
This part of your scorecard
deals with HOW you are
3 Research going to achieve your goals
& objectives. For example,
you may wish to target the
6 Define Success
7 Timeframe
8 Brand Scorecard
9 Benchmark
10 Compare
1 Consensus
Define Measures of
Success
2 Existing Data
7 Timeframe
8 Brand Scorecard
9 Benchmark
10 Compare
1 Consensus
Establish Goal Timeframe
2 Existing Data
You last step is to break the
larger, overarching goals into
more manageable pieces.
3 Research
If you are targeting Sales to use
a new presentation deck, set
a goal like: “have 50% of sales
4 Objectives
team using new presentation
deck by June 1st, 2007.”
5 Specific Targets
6 Define Success
7 Timeframe
8 Brand Scorecard
9 Benchmark
10 Compare
1 Consensus
Build your Brand
Scorecard
2 Existing Data
5 Specific Targets
VIEW RESOURCE
7 Timeframe
8 Brand
Scorecard
9 Benchmark
10 Compare
1 Consensus
Benchmark Current
Brand Score
2 Existing Data
4 Objectives
5 Specific Targets
6 Define Success
7 Timeframe
8 Brand Scorecard
9 Benchmark
10 Compare
1 Consensus
Demonstrate Brand
Scorecard Improvement
2 Existing Data
4 Objectives
5 Specific Targets
6 Define Success
7 Timeframe
8 Brand Scorecard
9 Benchmark
10 Compare
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