|
It's
official: in an attempt to separate itself from its
cigarette business (which will retain the Philip Morris
name), Philip Morris ended months of speculation by
finally changing its name to Altria Group and began
an Accenture (née Andersen Consulting)-like national
ad campaign to educate the public about the new name.
Delta has also announced the name of it's new low-cost
airlines: Song. Though we are a bit skeptical about
these choices, only time will tell if Altria and Song
will become another Consignia, formerly known as The
Royal Mail, England's postal service, or Monday, PriceWaterhouseCoopers
(PWC) Consulting's ephemeral moniker, both of which
had disastrous consequences for their respective companies.
In
the case of Mondaywhich certainly tops the list
of naming doosies in 2002we wondered what PWC
could possibly have been thinking, after all IBM scooped
up Monday at the bargain price of $3.5 billion when,
only a year before, Hewlett Packard had offered $18
billion for PWC Consulting. Was it a case of too few
available names? Poor research? Bad methodology? Terrible
advice from a branding or corporate identity firm?
We
talked to Naseem Javed, a syndicated columnist on global
corporate image and brand identity issues and the founder
of ABC Namebank International (www.abcnamebank.com),
a company that advises CEOs of Fortune 500 and other
leading corporations on all types of major naming issues,
to find out how companies can make better choices about
corporate names.
Copernicus Mzine: Are there really so few available
names that corporations have to resort to co-opting
days of the week?
Naseem
Javed: There is no shortage of powerful global names
with trademarks and identical URLs
this is a myth
successfully established by corporate identity and branding
agencies to cover up their lack of skills.
Copernicus
Mzine: Just how bad has naming gotten?
Naseem
Javed: In January 2003, my firm completed a global
survey, which analyzed the names of 5000 major international
corporations. We found only 7% of the 5000 names studied
were considered one of a kind, powerful, and globally
protected with an identical URL. Some examples from
this tiny group include Sony, Telus, Microsoft, Playstation,
and Four Seasons Hotel.
Copernicus
Mzine: In your experience, what process are companies
and their brand identity firms following to develop
and select a corporate name and brand identitya
logo, color scheme, font, tag-line, etc.?
Naseem
Javed: First let me say that naming should never
be confused with logos, graphic design, packaging, and
advertising strategies, which are only important after
a name has been properly selected under a professional
strategy and guidance of a master naming architect.
Malpractice
of "corporate identity" has created so much
accidental naming, further compounded when voodoo accounting
met voodoo branding. A silly name with a hundred-million-dollar
rollout campaign became the standard. Package designers
abandoned the noble profession of corporate naming to
other big dollar maneuvers, becoming experts in corporate
governance, IPOs, and other strange areas, in the name
of brandingvoodoo, that is.
Copernicus
Mzine: How should companies approach naming? What's
a better alternative to how corporate identity firms
are going about the process now?
Naseem
Javed: I can offer seven remedies for fixing the
current situation:
- Respect.
A name must have an alpha-character to qualify and
gain respect. There is no room for "PurpleFrog,"
"PinkRhino," "Globe-a-Con" or
"Tomorrow Inc." Sobriety must prevail because
corporate names are not beer commercials.
- ONE
face, ONE name. Stand up
with a happy, healthy face. Don't try too many masks
and transmit multiple personalities. This can seriously
blur the image. Is the name selling accounting services
or space navigation equipment, computers or distilled
water? Honest names are truly honest about what they
do.
- Current
status. If you think you're
on top of the world, then show it with your name.
Old-fashioned names will not attract customer's attention
to your ongoing evolutions. Glories of the past often
lose their value with the changing times. Face cyber-branding
realities of tomorrow's global e-commerce.
- Become
a star. Have a star quality
in your corporate name. Its alpha-structure should
be bright, clear and shiny. Don't educate the universe
on how to spell, pronounce, or remember a weird spelling
or obscure origin of a blunt, klutzy name. No need
to be a matchstick when it can be a flashlight.
- Freedom
to travel. Spread your wings
and fly away. Wander country to country with your
name-identity and explore global opportunities. No
room for difficulties of global translations, connotations,
secondary meaning, foreign obscenities, pronunciations
and all other language issues. Think locally, but
name universally.
- Pride
& Joy. Be a leader.
Set an example. Take pride. Introduce it globally
with full confidence. Why the embarrassment? It's
not stolen, or is it? Watch competitors struggle with
confusion, dysfunctionalities, and embarrassing naming
stories.
- Rightful
Ownership. If you own a
corporation, why not name it? Today, 93% of corporations
do not own a global trademark with an identical domain
name. This is the easiest thing to do. Fix it immediately
as there in no winning without a global trademark
with an identical URL.
Copernicus
Mzine: If you had the ear of every CEO in the world
for two minutes, what would you say to them about naming?
Naseem
Javed: Corporations, dressed up like charlatans
and harlequins, have done enough dancing; shareholders
are no longer fooled by fancy images, fake identities
with silly names, making fun of their investments. For
those genuine, honest, and progressive corporations
of the real economy armed with realistic goals, there
are still a lot of opportunities to stay clear of corrupt,
polluted, and damaged name identities. Seek out professional
naming solutions to your marketing needs, making sure
your names are on solid ground.
For
more about Naseem Javed , visit www.naseemjaved.com.
Back
to top.
|