Mergers and acquisitions activity in marcomms in the past year is up 4% according to Results International, and with further consolidation predicted, it looks like more shake ups are on the cards. Which begs the question: when you have two well-established businesses with different, but well communicated propositions, how do you approach bringing two companies together effectively under one brand?
Who are we?
The
issue of brand and identity can be easily dismissed as a fluffy one,
but it is quite fundamental to get right when two organisations come
together. It is essential to decision making and planning. Who are we
now? What do we stand for? Who do we sell to? This issue can be fraught
with difficulties, and clarity around brand and purpose is often the
best touchstone to answer these questions. This is often why you see so
many Surname/Surname brands in communications rather than conceptual
ones. The brand is often set by the personalities of the leaders behind
the business, rather than trying to shape something new.
A third way
Every
new business brand exercise demands a unique approach based on their
identities and direction. We recently set to establish a new united
identity following the acquisition of Limelight, a PR firm with a
16-year heritage in B2B comms, by Acceleris, which boasted a similarly
established history and identity. The businesses benefited from
complementary, broad and non-conflicting client bases from a range of
different industries, but each organisation was already well known.
Usually following a merger or acquisition there may be a naturally
dominant or better positioned brand – in this case, each were strong in
their own right, and a third way was needed.
People first
The
best place to start with a PR agency is the people – they’re at the
core of the service, values and culture while also being key to client
relationships. It’s critical the new brand is authentic and both
reflects and represents them. Staff also have the clearest sense of the
kind of business they want to be working for, as well as essential to
communicating (of course) and driving forward the future of the
business. In a series of sessions, the agency’s people not only
contributed to name ideas based on some core brand personas, but also
helped define and refine the values of the agency and its people –
namely to advise wisely; deliver consistently; support positively and
think differently.
Third party
It’s
also important not to forget that when two established brands come
together there is be a lot of pride, emotion and equity wedded to
existing identities – this is why an impartial third party can be
essential in giving a trusted adviser perspective. But that level of
trust also has to be established with the branding partner, as such an
extensive process can be expensive to roll out, and damaging to
businesses if they get it wrong. For a communications agency, especially
one that promised to 'Define Communications’, to misstep would be a
tremendous error, which is why so many creative businesses play it safe.
It’s fair to say that the resulting brand, Definition, has been a success so far. The new identity, inspired by the new name and the new collective values, has delivered a single banner beneath which all teams can unite and march as one. And it has united three offices in three very different locations. Whether all of the rebrands still to come this year will prove as unifying, only time will tell.
Written by Mark Easby, MD at Better Brand Agency
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