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Archive for July, 2008

Jul 23rd, 2008 posted by Jeff Lapatine

The Power of Power Company Names

Leaving my house this morning, I spotted a truck pulling out from the local power company facility. The truck read National Grid.

I thought, wow, National Grid is a powerful name. It sounds like this is the company that controls the national power grid…the company that pulls the switch and turns the lights on for the whole nation. Of course it doesn’t, but the name sort of captures this image.

So how do you come by a name like this?

Essentially, there are four kinds of names for trademark purposes–generic, descriptive, suggestive, and fanciful.


THERE IS A BREED OF STRONG NAMES THAT IS SOMEWHAT DESCRIPTIVE AND SUGGESTIVE AT THE SAME TIME, AND SEEMS TO CAPTURE THE BEST OF BOTH.


A generic name would be Energy Company. Many companies in the field use this term to define themselves (we’re an energy company). Sometimes, this is known as the industry-standard name.

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Jul 23rd, 2008 posted by Mindy Sabella

Siegel+Gale Financial Aid Study Findings highlighted in TheStreet.com

5 Tips for Parents Baffled by College Aid

If you’re confused about what makes Pell different from Stafford, Perkins, PLUS and everything in between, you’re not alone.

A new study finds — not surprisingly — that most parents don’t understand the terms of their children’s financial-aid packages for college. More than three-quarters of those surveyed by branding firm Siegel+Gale didn’t know there is a big cost difference between subsidized loans and private loans, which come with higher interest rates.

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Jul 22nd, 2008 posted by Matt Huss

Five Ideas for Using Brand to Drive Guest Loyalty

Introduction
Customer loyalty continues to be a hot topic among marketing professionals. Much of this discussion centers around getting customers to recommend your product–in your case, a hotel–to someone else.

The question is: Why should a guest recommend your hotel? Why should they want to come back? How do you create fresh and engaging ways to make a guest stay special? After all, service and accommodations at your hotel should not only be high quality, they should be distinctive and memorable.

The answer: think brand. A clear, compelling brand represents a rich, proprietary source for creating a distinctive guest experience and for making guests want to come back.


HOTELS SHOULD USE THEIR BRAND AS A PLATFORM FOR CREATING FRESH, DISTINCTIVE WAYS OF CREATING A PERSONALIZED EXPERIENCE THAT MAKES EACH GUEST FEEL SPECIAL.


Here are five ideas for using brand to drive guest loyalty.

Idea #1: Think outside the cookie
How can you make your hotels stand out from the competition…and from one another?

That’s yours, this is mine. In the ever-expanding world of hotel chains, it’s getting harder and harder to distinguish one hotel from the next. Sure, there’s the sign and the name, and, oh yes, the occasional baked good for each guest, but is that all that separates one hotel from the next?

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Jul 21st, 2008 posted by Mindy Sabella

Colleges Need a Course in Explaining Financial Aid Awards

Parents Confused About Aid Options, Siegel+Gale Study Finds

The parents of this fall’s college-bound freshmen may be breathing a collective sigh of relief that their children have cleared the admissions hurdle. But few parents understand the terms necessary to make fully informed financial aid decisions, says a new survey conducted by leading global strategic branding firm Siegel+Gale.

"Parents really don’t understand the true cost of college and the financial help that is available," states Peter S. Cohl, Siegel+Gale’s Higher Education practice leader, "nor do they understand the difference between loans, grants, scholarships and work-study funds.

"We found that more than three-quarters of survey respondents did not know the difference between cheaper government subsidized loans and unsubsidized loans, which are more expensive. And shockingly, 40 percent of working class families surveyed didn’t realize that Pell Grants are not loans, but federal grants, which do not have to be repaid."

Siegel+Gale surveyed 202 parents of college-age children who have applied for financial aid in the past two years and who have evaluated financial aid award letters from schools. Yet according to the survey, the two major types of federal student loans, Stafford loans and Perkins loans, were correctly identified by only 53 percent and 33 percent of parents respectively.

More than three-quarters of parents (77 percent) do not know the difference between a subsidized loan and an unsubsidized loan. (Answer: A subsidized loan is based on financial need and an unsubsidized loan is not. With a subsidized loan, the federal government pays the interest incurred while the student is in school, and for a grace period after graduation.)

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Jul 16th, 2008 posted by Mindy Sabella

Creating an Effective Super Bowl Ad

Larry Vincent, group director of strategy in the Los Angeles office of the brand strategy and design consultancy Siegel and Gale, said effective Super Bowl advertising does apply when there is a direct call to action. He cautioned against participating when the ad simply says "something about the brand values or trying to communicate with the personality and the voice of the brand. [The point is] you want to get as many people as possible to understand that you have something new that you have put into the marketplace. It can be very effective in that sense — not otherwise."

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Jul 15th, 2008 posted by Mindy Sabella

Podcast:
The Online Healthcare Experience

Defining Your Voice. Engaging Your Audience.

On May 13th, Siegel+Gale got together with communications partner Fleishman-Hillard to deliver an interactive webcast on the future of healthcare marketing and the critical role the Internet channel will continue to play.

Jason Cieslak, Managing Director of Siegel+Gale’s Los Angeles office, together with Emily Downward, SVP of Digital Healthcare at Fleishman-Hillard Global Communications discuss how audiences find and interact with healthcare brands online, what they expect and how they are demanding that companies evolve from telling their stories to engaging their customers.

Download the Podcast to hear Jason and Emily share insights, best practices and trends to include key challenges facing healthcare organizations today, including:

+ Meeting the needs of diverse audiences and business goals online
+ Online communications myths and realities
+ Tips for getting started with social media and digital PR
+ And more…

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Jul 14th, 2008 posted by Mindy Sabella

Siegel+Gale’s London Office Appoints New Leadership

S+G hires new Managing Director and Business Development Director for Europe

Siegel+Gale, one of the world’s leading strategic brand consultancies, is growing its leadership team in the UK with the appointment of two new senior recruits.

As a reflection on Siegel+Gale’s continued commitment to growth in Europe, it has expanded its London-based team with a new Managing Director and Business Development Director.

Fred Burt joins as Managing Director for the London office and will be responsible for managing and growing the business in the UK and Europe. Burt joins from Interbrand, where he worked on a range of international brand assignments, most notably for Procter and Gamble and AT&T. He has significant experience in business development and digital brand management, both on the agency side and client side.

In addition, Martin Svensson joins Siegel+Gale’s London office as Business Development Director for Europe. Svensson previously worked at Wolff Olins for almost ten years in the areas of new business development and consultancy, with experience across a broad range of markets and geographies.

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Jul 2nd, 2008 posted by David Keefe

Has Your Product’s Name Grown Long in the Tooth?

People have a tendency to ‘hang on’ to things well past their prime. Go take a glance at your attic if you need a reminder. Maybe it is out of comfort, convenience, or fear of the unknown. Regardless of the reason, our fast-paced society often has real difficulty in discarding things.

As brand consultants we see glaring examples of this in, of all places, product naming. To be sure, a quick scan of the media and entertainment landscape is replete with examples of names that people tend to ’stick with’ - names that may in fact need to be put out to pasture.

Consider High Speed Internet. In a hugely competitive marketplace, cable operators (Charter Communications) and satellite companies (Direct TV) alike, offer Internet services as part of their normal product bundles, and market them based on price and speed. The question here is – if every provider is vying for the fastest Internet, and speeds are getting faster every day, is it necessary to continue to refer to the Internet in terms of high speed, as in High Speed Internet or High Speed Data? From a distance, it seems a somewhat redundant brand attribute to highlight within the echelon of selling benefits. For the same reason, one would probably not describe an Indy car as ‘fast’ to a friend — Indy car tells the whole story, right?

How about the fact that the music industry still hands out awards each year at the GRAMMYS based on "Record of the Year" and "Album of The Year", yet most teenage consumers have never purchased either. In this case, the name is a convention and as long as consumers ‘get it’, it probably is not worth investing in new nomenclature.

And why do we still use the term wireless? At one point in time, ‘wireless’ was a breakthrough concept and spoke chiefly to how digital information was transmitted from tower to tower and then on to a device. But now, as wireless is a common part of our routine, and as the platform is capable of delivering more and more services, maybe next generation product names should be more linked to communicating a higher order of benefits? Take for example Virgin Mobile, who by going to market as ‘mobile’ versus ‘wireless’, can better focus the discussion with consumers on lifestyle benefits like independence, choice and control - A smart approach that is relevant to consumer needs.

If this interests you, take a look around and you’ll find a panoply of "dated" names that might need to be nudged off the stage. If you see one, let us know and maybe we can help arrange for its very comfortable, if not overdue, retirement.

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Jul 1st, 2008 posted by Mindy Sabella

S+G’s Howard Belk on the importance of marketers being ’smart and prudent’ in a tough economy


S+G’s Howard Belk comments on the US economy and its impact on marketing and brand spend to the UK trade press at UTALKmarketing.com.

Read the full article…

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