Global companies enjoy a far-reaching influence. They operate on several continents, in multiple markets, and to a multitude of different customer groups. These global brands have plentiful resources that can support their entry into numerous markets, and boast vast expertise and financial reserves to sustain the company through initial losses.
However, there is one more component of an effective global brand: leadership. It might be the most important component. Leadership with vision can turn a middling global company into a powerhouse.
Many very powerful global brands have legendary leaders; those leaders that frequently change up the status quo and push through barriers in order to get to the next level. In other words, those CEOs have vision.
Vision requires that CEOs lead effectively, represent the brand to everyone they influence, understand branding, and are able to nurture the company (and brand) in order to get the best results. Becoming this sort of CEO will not happen overnight, however, CEOs can get on the fast track by paying special attention to the vision or branding they develop for their company.
Over 70 percent of the market "capitalization" of companies on the Nasdaq "is contributed by the intangibles, of which brand equity is the important element." However, in order for companies to continue to utilize this "equity," branding or vision must become more mainstream and must be an activity practiced by all parts of a company. Branding must use internal corporate communications. What better use for a CEO’s vision than internal communication practices? A CEO that can communicate their vision and their ideas on branding should do so, not for the customer base, but for the employees. How else are they to understand what the company is attempting to do?
- A CEO’s vision of the brand (or the CEO’s ideas for brand) must be stated upfront. This is not something to be kept a secret.
- This vision and branding must have strong support not just from the CEO, but from all of corporate management. Everyone needs to be on the same team.
- The corporate strategies must align with the branding strategies and vision of the company. Or the branding will fail.
- Branding must be allowed to support "organization-wide cross-functional training, which nurtures the right mindset, skills and resources." Why else would you train employees except to further the brand?
Moreover, "when the CEO and the corporate management team actively involve themselves in and nurture branding, the above roles of branding can be effectively utilized. By being a strong brand evangelist, a CEO can define and defend the actions of a brand."
This is the CEO’s vision. This is why companies go global and become larger than life. They benefit from a leader with a vision on how to go about developing the brand.
Do you have a vision? Now might be a great time to start thinking seriously about just what that is.
