Some years ago, I was with the CEO of a major multinational telecom company and his top team. The firm had over the past decade spent hundreds of millions on advertising. Yet, to the dismay of the CEO, while brand awareness was very high among the consumers; these same consumers were unable to spontaneously recall what the brand stood for.
I was following a long line of consultants who had been engaged by the firm. My predecessors had made the usual branding presentations with repeated references to famous brands – yes you guessed it – Apple, Coca-Cola, Disney, Harley Davidson, Red . . .
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