Enhance your brand health to empower your organization and gain a competitive edge.
Enhance your brand health to empower your organization and gain a competitive edge.
The global market for brand health tracking is growing. However, despite growth in the market, CMOs struggle to identify the right vendor and appropriate metrics to measure brand health success. Use the Brand Health Framework to get insights and expert recommendations to successfully find the best-fit brand health tracking provider and:
While 57% of brand leaders assess brand health, only 21% find these insights actionable for their organization. CMOs are tasked with developing and articulating their organization’s brand strategy. Their role requires them to be strategic value providers — from managing marketing activities to crafting a robust, strategic plan for building and maintaining brand health. With CMOs regularly citing brand building as a desired capability, organizations need a comprehensive brand strategy that addresses both current and future brand health needs.
However, many CMOs struggle to create clear and compelling brand strategies because they find it challenging to identify the right metrics for measuring brand success. They also face difficulties in communicating the importance of brand health across the organization.
To enhance brand strategy, CMOs should:
Understand the organization’s brand priorities
Adopt the Brand Health Framework to assess brand health
Engage cross-functional teams to support brand health initiatives
This is an opportunity for CMOs to redefine their role and establish themselves as proactive, strategic leaders who can effectively measure and improve brand health across the organization.
Brand health is the overall measure of a brand's strength and perception in the market, reflecting factors like awareness, loyalty, and consumer satisfaction.
To improve brand health, focus on enhancing customer experience, increasing brand awareness, and consistently aligning your brand messaging with consumer values and expectations.
Brand health matters because it directly influences customer loyalty, competitive advantage, and the ability to achieve long-term business success.
There isn't a universal formula for brand health, but it is typically assessed using a combination of metrics such as brand awareness, customer satisfaction, brand loyalty, and market share.