PSFK Good Brands Report 2009
The Good Brands Report of 2009 is a celebration of leadership during this challenging year. Those who made it onto the list are businesses from which we should learn.
They are not just the well-known brands of the day, but also companies that lead by example in innovation, environmental consciousness, and social policy. We started our search for the Good Brands of 2009 by looking at the companies we were writing about on PSFK.com throughout this year. Then, we asked a panel of cross-industry global experts from the Purple List to tell us which of 40 common brands on PSFK were considered ‘Good’.
There are a number of common traits shared by the Good Brands. The list below provides some insight into what makes these brands special.
Utility – Aim to enhance your usefulness for the consumer. In doing so, look not only at your product or service, but the eco-system that surrounds it.
Experimentation – Constant innovation is the essential element of growth. Continual- ly push the boundaries of your offering and create ancillary products.
Design – Premium aesthetics coupled with consistent delivery wins every time. A premium experience can be applied to any product or service, no matter where it sits on the price spectrum. Make your audience feel valued, encouraging them to include you as part of their identity.
Community and listening – Create a sense of community for your customers. Actively engage them and listen to what they have to say. They are the best source of guidance for improved service.
Change the model – Look at your consumers’ eco-system of needs and change your business model to suit them.
Beyond the 30 second ad – Of the top 100 largest advertising spenders in 2008, none of them made it onto this list. Instead of spending money on advertising, leverage the existing community that’s involved with your brand to promote your products and services.
Environmental priorities - Brands in the lower half of the list lose points prizing innovation over environmental responsibility. Build in sustainable practices wherever you can in your brand’s eco-system.