For What Purpose Are You Here?
Friday, December 9th, 2011
By Jessica Wilkerson
People Are No Longer Buying Products or Services……they choose a company. With a plethora of product choices, it has become far too difficult and time-consuming to attempt to evaluate each offering. It is much easier now to determine if the company you’re buying from shares your values and is likely to provide a good experience. We’ve known for a long time that a brand is a heuristic for consumers – a short cut to limit the amount of thinking that is required to evaluate and compare products. But the American consumer has matured beyond using only brands as heuristics to using the company behind each brand as the heuristic. Or perhaps the company brand is just taking a more prominent role, which would lead to the conclusion that the “brand” is not necessarily the brand, but an amalgam of what the brand stands for and what the company stands for.
This perspective on American consumption is evidenced in Millward Browns’ studies showing that brands with the greatest growth are those that are built on purpose and values, not product attributes.
Commonalities across purpose-driven organizations:
1.Have a charismatic leader who lives the purpose through symbolic action and positive reinforcement
2.Are surrounded by people who embody the purpose in their personal and professional lives
3.Have strong stakeholder advocacy by being a servant, protector, and inspiration
4.Use purpose as the prism for growth and decision-making
5.Earn profits in a way that is consistent with the purpose
At (r)evolution, we believe purpose is more fundamental than brand positioning. It is commonly seen and heard in communications, it guides decisions across the entire organization from operations to M&A to customer service to HR to communications. It is NOT the existing corporate strategy, vision or mission. It is NOT something new or the communications strategy du jour. It is an excavation and discovery of something that already exists. It has immediate credibility and power because it is an articulation of something everyone knows implicitly.
Importantly, the brand’s purpose is always a human truth – something that every person knows and understands. It articulates something unique and distinct about a company and brand’s role in the world and its reason for being. It is most evident in times when the organization must take a stand, like J&J did during the Tylenol crisis. Once the purpose is understood, it can be linked to the existing positioning to develop a comprehensive communications strategy/platform both internally and externally. Eventually, it can and should be used to guide the decisions of the entire organization. Understanding what your company’s purpose starts with a fundamental question, “If your company were gone tomorrow, what would the world lose?”
