by J. Hruby, Director of Marketing
Fredrickson Communications
The recent news of the problems at Toyota started me thinking about the importance of brand image—not just for businesses, but for all types of organizations and even for individuals.
If you’d asked three months ago, few would have predicted that Toyota would (or even could) ever find themselves in a position where their carefully-crafted image for quality and reliability was in question. I mean, we’re talking about Toyota here! Things change very quickly in an age of instant and constant communication.
One of the most valuable assets a business has is its brand image—the image consumers have of the company and its product(s) in the marketplace. It’s hard to understate the value of a positive brand image. Beyond the “warm and fuzzy” aspect of being well-regarded, brand image can be a giant business enabler. Because of its image for quality, Toyota has been able to charge premium prices, sell more, and do so while offering less in the way of buyer incentives. These factors combined to make Toyota very profitable in an industry that isn’t exactly known for being profitable at all.
Brand image matters because it influences the perception of value. And who doesn’t want to be perceived as valuable? My musing about the importance of brand quickly turned to the brand of the learning organization and two questions immediately came to mind:
A Learning Paths International (LPI) Workshop
March 11, 2010
8:30 a.m. to 5:00 p.m.
Aloft Hotel, Minneapolis
There’s a one-day workshop opportunity that may be of interest to many in the Twin Cities training and development community. Steve Rosenbaum and Ira Kasdan of LPI will present Leveraging Learning in a Down Economy. This workshop will focus on using the Learning Paths Methodology to help participants: