重塑一个正确的选择是你的公司吗?她的e's How I Knew It Was TimeBig changes are everywhere. Is it time for you to tackle a big change of your own?

By迈克尔·奥兰多

Opinions expressed by Entrepreneur contributors are their own.

Nike, McDonald's, Uber, Netflix: These companies operate in wildly different industries, but they're all similar in thatthey've gone through a significant rebrandat some point. This type of transformation may eventually become necessary in your own business, simply because market demands are so fluid. But there are nuances to consider inhow and when to rebrand, such as how competitive your market is. Even big brands, such as Capital One, Weight Watchers and Sears have sufferedbig rebranding failures.

Part of the reason so many companies fail with rebranding is that they approach it in a superficial way (e.g., new colors, slogans or logos). Successful rebrands, however, represent or are the result ofdeeper transformations that have already happenedin your organization. They show that your business has questioned its identity and that you're trying to close the gap between how people perceive you and the way you really are or want to be. Increasing curiosity, collaboration and confidence should be at the heart of this process and can reduce the risk rebranding presents.

Related:When Is it Time to Rebrand? Lessons from Meta, Block and More

Creating a safe space for the right questions

In my company, we decided it was time to rebrand as we looked to move into new markets and new revenue channels in a post-pandemic world. We initially thought that we had to start over and let everything go, including bringing in new leadership. We even brought in an imaging firm to crystalize the direction we wanted to take and pin down our value proposition.

But when we looked at the business, we still saw good bones. Many of our workers had been with us for years. They needed reassurance that we weren't going to disregard everything they'd built and the effort that had gone into it. So one big gesture we made was to keep the original company name, a decision the team met with an ovation. We intentionally explained that the rebrand was about recentering together on a common mission and purpose so we could grow, not about tearing down everything we had.

Once the team had some security that we absolutely intended to acknowledge their legacy, we were able to let curiosity blossom. We asked ourselves good questions, such as what the business would look like if we explored different markets. We made a choice to be more inquisitive with our customers, as well, so that we could learn in real-time what their needs and wants were.

Related:When to Consider a Rebrand (and How to Do It Right)

Building a transparent, more inclusive two-way street

As our team explored, we naturally started to question and analyze the way we were coming together. How were employees collaborating, not only with colleagues but with customers? We had to face the fact our inward-facing approach had been one of the biggest factors behind our revenue loss. In a more traditional way, we had been taking all our ideas and services and essentially telling the customers what was going to happen. Only the biggest clients really had much influence on the decisions we made. We realized that we wanted — neededto be more external-facing, and that staying competitive depended on a much more balanced relationship with the customers we had.

So we built new ways for the team to share ideas and information. We shifted our model so that now, we ask people what works best for them and consider everybody, rather than just our "best" customers. We're also transparent about our pricing and the margin we're trying to get. That openness has become a differentiator for us within the market.

Related:Branding Is Indispensable. Are You Using It to Your Advantage?

Pumping people up with the tools already in the box

Rebranding might be a sign of change that's already happened or is in play, but shifts can still be nerve-wracking and stressful. People don't always feel very confident through the transition even when they're sure of what they want the brand's identity to be, just because they're entering territory they've never been in before. In the back of their minds, they ask, "Can we really go from here to there?"

My organization had plenty of this doubt. But as we looked again at our effort and legacy, we saw plenty of success: Individual employeesexcelled, weelevated each other and rose to challenges. We reminded everyone what they had contributed and the results we had achieved together, and we connected their skills to the new identity we'd homed in on to show we did have what we needed to thrive. With a new jolt of confidence, the team was able to give the rebrand their full commitment.

For rebranding success, stand on these three cornerstones

Business stands still for no one, not even the richest of the rich. It's thus not a matter ofifyou rebrand, but when. Youwillchange, even if that means only adding new values to the ones you've already got, and in the sense that rebrands signify growth, they're good things. The most successful transformations activate curiosity, get people to work together in new ways and reassure everyone involved that they are capable of truly living the identity you want. Make these areas your cornerstones and you'll mitigate much of the risk rebrands admittedly carry.

Wavy Line
迈克尔·奥兰多

COO of Yapstone, Inc.

迈克尔·奥兰多is an experienced executive, founder and independent board director with both private and public organizations from startups through Fortune 100.

Editor's Pick

We're Now Finding Out TheDamaging Results of The Mandated Return to Office— And It's Worse Than We Thought.
He 'Grew Up in Bars' and Was Drinking By Age 10 — But Entrepreneurs Changed His Life. Now a Business Owner Himself,He's Paying It Forward.
LinkedIn Changed Its Algorithms — Here's How YourPosts Will Get More Attention Now
'Focus Is Just as Important as Passion': How to AvoidEntrepreneurial Deficit Disorderin Franchising
Lock
Kevin O'Leary Recommends This6-Step Strategyfor Making Money on Social Media
Lock
ThisMindset Shift Changed My Life— And Gave Me the Courage to Leave My Well-Paid Full-Time Job.

Related Topics

Marketing

46% of All Google Searches Have to Do With Location, One Report Says — and Purchases Often Follow. Here's How to Boost Your Business' Visibility Locally.

Explore proven techniques and actionable tips to help you enhance your business visibility in your community and stay ahead of the competition.

Business News

保存Over $1,000 Off an eBike for a Limited Time

Get an eBike for less than $1,000 plus free shipping.

Business News

Daymond John Slams 'Shark Tank' Contestants With Restraining Order: 'It Is Unfortunate That It Has Come to This'

Bubba's Q boneless ribs first appeared on Season 5 of the hit ABC show.

Growing a Business

We're Now Finding Out The Damaging Results of The Mandated Return to Office — And It's Worse Than We Thought.

Companies knew the mandated return to the office would cause some attrition, however, they were not prepared for the serious problems that would present.

Business News

Man Filmed Vandalizing Rome Colosseum Identified, Faces Up to Five Years in Prison

The incident went viral after it was caught on camera earlier this week.

Business News

保存$69 Off an Apple Watch Ahead of Prime Day

Don't miss this like-new Apple Watch at $69 off during our version of Prime Day.