Make a national brand local, that’s the new Bank of America branding strategy.
Consumers interact with brands locally every hour of every day. With expanded creativity around media from agencies, brands and media owners, these media touchpoints are expanding rapidly. How do large organizations managing a brand across different regions, markets and locations do so while ensuring flexibility across their local markets?
Once upon a branding time, local branches were free-wheeling with their marketing practices and the Bank of America logo was “wantonly” emblazoned on diverse products. When a national marketing exec saw the Bank of America logo stamped on a “piece of cake,” a memo went out advising: Local branches will no longer be allowed to “eat the brand!”
Bank of America’s solution? Centralize the development of consistent, national brand messaging and collateral and enable local markets to “attach” them to local marketing initiatives and sponsorships.