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E-MarkeTIP is a monthly marketing column published by Meng & Associates, a full-service marketing firm, specializing in strategic positioning, brand building and public relations custom-fit to the needs of small- to medium-sized companies. |
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The
Chameleon Strategy. Changing appearance to match the environment
or to mask oneself from competitors or even to entice potential suitors
is a common tactic. But Im not talking about the amazing arboreal
member of the family Chamaeleonidae for whom weve come to appreciate
as one of Mother Natures most unique works. Im talking about
companies large and small who in their marketing and product
offerings adopt a chameleon strategy and try to be everything to everybody. |
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The worse part of this marketing strategy is the fact that most companys knowingly try to be a chameleon. Its called line extension, and its a popular method for companies to appeal to every possible customer. Through line extensions, market expansions and new distribution channels, these businesses attempt to mold their successful brand into an amorphous product line that can please everybody. |
"The
power of a brand is inversely proportional to its scope. The easiest way
to destroy a brand is to put its name on everything." |
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But the chameleon
strategy is a trap. When you put your brand name on everything, your name
loses strength. One company, one brand, one name cannot be everything
to everybody. 2003© MENG & ASSOCIATES INC. ALL RIGHTS RESERVED. |
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