Thursday, June 10, 2010

Innovation To Strengthen Brands

Innovation has been known to strengthen a company/brand products and services. It is not by some new wave type of thinking/idea/product or a radical innovation (making previous products almost obsolete, for example CDs). It is small things in business models, processes or customer service that propel companies beyond their competitors. It leads to differentiation of the brand and the interaction with the consumer will help build awareness and hence loyalty.

So go out there and try and innovate. Do something different or better than competitors and it will resonate with your consumers.