Purpose
‘Purpose’ is the final pillar, customers subscribe to brand ideology and want to buy into beliefs that align with their own values, a 2020 report found that 56% of customers surveyed said that environmental and social practices impacted their shopping habits (KPMG Nunwood, 2020). Strong brand philosophy is at the core of a brand, ‘once you know the ins and outs of your own identity, you will be better able to communicate with prospective buyers, and ultimately build lifelong trust and loyalty’ (Silva, 2020). This also means standing up for what your brand believes in, whether that’s infomercials or social media posts addressing current topics, customers want to see that a brand isn’t taking an impartial position to keep all potential customers, in fact this can deters customers from a brand [refer to the Colin Kaepernick Nike example in the ‘profit’ section]. Brand philosophy also helps attract likeminded staff, so that a company’s workforce is striving for a common goal, subsequently authenticity is woven through a brands action.
An aspect of brand philosophy is a mission statement, this is short phrase which encapsulates an organisation’s purpose, aim, intentions and general objectives (SHRM, n.d.). For example, Google’s mission statement is ‘to organise the world’s information and make it universally accessible and useful’ (Google, 2023). Whereas, a vision statement is aspirational, it looks to the future and seeks issues the brand can address and where they want to be in 10 years. Lastly, the value statement is a list detailing core principles in which the brand adheres itself to.
Brands are increasingly adapting their practises to appeal to Gen Z, this includes utilising designated corporate green teams towards advancing a brands sustainability practices; providing clothing aftercare, like repair services or reconstructing the garment into another product. Both these initiatives aim to increase the longevity of the clothing item, reduce waste and slow consumer buying (Finneman et al., 2020). Another method used is employing brand ambassadors, these are usually influencers who have a large Gen Z following and embody the brands image where they use their platform and influence to advertise products or brand deals.
Another advertising tool is adopting Gen Z representation. For instance, in Nike’s ‘Nothing beats a Londoner’ campaign shows young people in various parts London in ordinary scenarios, like going home from school or playing football at the local grounds. It utilises humour exclusive to Londoners, creating a sense of shared experience and thus community. It shows that Nike understands its consumers and the space in which this demographic is surrounded in by featuring cameos by English celebrities like Skepta and Harry Kane (Nike – Nothing Beats a Londoner, n.d.).
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References:
Silva, P. (n.d.). Why Philosophy Has Much To Do With Brand-Building (And What That Looks Like). Forbes. https://www.forbes.com/sites/piasilva/2020/11/19/why-philosophy-has-much-to-do-with-brand-building-and-what-that-looks-like/
KPMG Nunwood, 2020. Meet your new customer. https://assets.kpmg.com/content/dam/kpmg/im/pdf/kpmg-nunwood-customer-experience-meet-your-new-customer.pdf
SHRM, (n.d.). What is the difference between mission, vision and values statement?. https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/mission-vision-values-stateents.aspx#:~:text=A%20mission%20statement%20is%20a,customers%2C%20vendors%20and%20other%20stakeholders.
Google Search. (n.d.). Our approach – How Google Search works. https://www.google.com/intl/en_uk/search/howsearchworks/our-approach/#:~:text=Google
Finneman, B., Spagnuolo, E., & Rahilly, L. (2020, August 4). Meet Generation Z: Shaping the Future of Shopping. McKinsey. https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/meet-generation-z-shaping-the-future-of-shopping
Chiu, C. L., & Ho, H.-C. (2023). Impact of Celebrity, Micro-Celebrity, and Virtual Influencers on Chinese Gen Z’s Purchase Intention Through Social Media. SAGE Open, 13(1). https://doi.org/10.1177/21582440231164034
Nike. (n.d.). Nothing Beats a Londoner. W+K London. https://wklondon.com/work/nothing-beats-londoner/