I often write on Corporate Eye about how important it is to have brand champions and brand guardians who truly believe in your brand and live your brand promise. When those people become popular spokespeople for the brands they champion, the brands receive publicity boosts that can’t be denied.
Examples of popular brand champions who over time have become physical embodiments of the brands they represent include Hugh Hefner for Playboy, Bill Gates for Microsoft, and J.K. Rowling for Harry Potter. But what happens to the brand when something happens to the key brand champion?
This is a fate experience by Apple last week when an erroneous report on a Wall Street Journal blog reported that Steve Jobs had experienced a massive heart attack. The result – a 5.4% drop in Apple share price that same morning, which brought the stock to a 17-month low. The reaction of the market was swift and significant when word got out that the brand champion had fallen ill (regardless of the fact that the report turned out to be false).
Would Apple continue without Steve Jobs at the helm and acting as the brand champion? Of course, however, history has proven that Steve Jobs has a way of making Apple successful. Keep in mind, Steve Jobs certainly brings more to the table than simply acting as brand champion, but so do most strategic brand champions.
With that in mind, do you have an exit strategy for your brand champions and brand spokespeople? These people could walk away from your brand voluntarily or involuntarily for a multitude of reasons at anytime. Their departure could happen quickly or it might be drawn out over the course of weeks or months. Are you prepared?
It’s essential that you create an exit strategy for each person who represents your brand. Whether it’s the actor in your commercials or your CEO, each person who represents your brand internally and externally should be replaceable as far as your brand is concerned with an effective (and possibly sensitive) plan, so your brand, your customers and your business experience a seamless transition that leads to bigger and better things.
You never want one person to hold so much power that your brand’s short or long-term success becomes dependant on him or her. Ensure your brand can stand on its own with brand champions helping to push the brand in the right direction for strategic growth.
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