CEO Su Shan leverages the bank's original name, Development Bank of Singapore, by redefining the "D" to stand for Digital, Disruptive, Dependable, and Data. This narrative strategy connects the bank's founding purpose with its modern, forward-looking identity, effectively bridging its past and future.
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A rebrand should be viewed as building the fundamental foundation of a business. Without it, growth attempts are superficial and temporary. With a solid brand, the company has a stable base that can support significant scaling and prevent the business from hitting a growth ceiling.
To truly change a brand's narrative, marketing's 'talking the talk' is insufficient. The product experience itself must embody the desired story. This 'walking the walk' through the product is the most powerful way to shape core brand perception and make the narrative shareable.
A successful rebrand doesn't create a new personality; it amplifies the company's true, existing identity. Just as money magnifies a person's character, a strong brand makes a company's core values—like community involvement—bigger, louder, and more public, forcing them to be more intentional.
Enduring 'stay-up' brands don't need to fundamentally reinvent their core product. Instead, they should focus on creating opportunities for consumers to 'reappraise' the brand in a current context. The goal is to make the familiar feel fresh and relevant again, connecting it to modern culture.
Ford's CMO credits their rebrand's success to a two-year process of embedding the new strategy across all departments, from HR to product development. This ensured it was more than a marketing campaign by influencing core business operations and decision-making.
A founder's reluctance to rebrand often stems from sentimental value (e.g., a family member designed it), not business logic. Overcoming this emotional barrier is a critical first step, recognizing the difference between a simple logo and a comprehensive brand identity that can scale.
The first step in reviving a heritage brand like Chili's is to deeply research its history, founders, and original essence. This historical foundation provides the authentic DNA needed to build a relevant modern brand positioning, rather than inventing something new.
Branding is not just about reflecting a company's past; it can be a forward-looking tool for change. By defining a new, aspirational identity, a rebrand provides a clear path and a public commitment, guiding the organization to evolve and actively become the company it wants to be.
A new brand identity gives employees something tangible to rally behind, increasing their pride and sense of belonging. This renewed energy can manifest in unexpected ways, such as employees willingly volunteering their personal time for company events, strengthening internal culture.
To combat the perception that department stores are dated, Macy's CEO suggests reframing the model as a "marketplace." This modern term highlights its core strengths: a wide selection of categories, brands, and price points serving multiple generations across both physical and digital channels, positioning it as a future-proof concept.
